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Home My WebLink About0907 TO HAYE AND TO HOL.p the satr~e, togethe~ with the teAemeub, beceditameab and ~ppurtenwces, unto the Matgagee, !n fce dmpk. AND tbe Mortgagor doe~ hereby ooverunt witb the Mort~ee t6at be b todeEwiblY iclned ai aid l~nd ia fee aimpb, t6at bs 6at fA full power aad kwful dght to ca?voy said t~nd ta fee :imple u doreald; that it t6d) ba ~awEd for tbs M es at all tiooe~ and qujetly to enter up~ hokl. oecuqy aud ~y aid lwd: that aid land b froe E~an aU iocvmbranoa: tbat 6e w~l make furtMr assuraaoes to protcct t6e Eee simpb title to aid Iand in tLe Mo~rtg~ es as ~ot~! reiuonabl~r bs rsquited: tiut Le does haroby fu!!y wrartant tE,e title to satd W~d and w~iU deEead tLs same a~iM tbs 1~wIu1 claims oE aA pasar wboa~uoever. ; PROVIDID, ALWAYS, tbst if th~ ldorl~a~ s~ll pq? wto tbe Martga~es t6e cerhln peomiwory oote af whkL tbe Edlowinf in ~ w~o~f ~nd figura M a h+~s oopy. ~o-wdt: , i COMMUNITY FEDERAL SAVIIVGS AND LOAN ASSOQATION ~F RMERA BEACH ~ ~ i ~or#~~~P ~u#~ : ' WvtEBA BEACH. FLORInA March 9 19 ?8 ~ , ~8 ~~~.d. E~ v~lue reoeived. the undersi8oed 1dnt1Y ud seMeraQy proo~ise to p~y to OOMMUM7Y FEDEAAL SAV- i INCS AND LOAN ASSOCUITON OF RIVIEM BEACH at its office in tbe City of Rivtera geac6, Florida, oe order~ the mm af ~ I FORTY THOUSAND AND NO HUNDREDTHS----------------DOLLnas (i--_-40, 000. DO ~ ~ ~~k~ ;D ~~r ~~~s ~ THREE HUNDRED THIRTY ~ i AND 22/100-------------------------------------------uO~.L~xs l= 330.22 ; TLe S~st t~qmeat s6all be d„e and payabk on ~he lOth dar af April I9 78 ; and sub~eqneat tastatlments ~aD be dqe and pay~able on che IOth day of au~ and every akodar month thereafter uatil tbe principal and iaterest are fWly p~id. # , I.arger sums msy be paicl at any hme, but thep~ yment of any such 4rger mms in additioa to the payments herein re- t quired s6a11 nat relieve the makera of t6e payu~ent of the monthly irastallrnents heratn ptovided for. unkss it is specificeDy stipu- : i lated by the makels at the time ofpa yment tliat such lar~er sums are to be applied to the advance payment of the monthly instaD- 's, i ments ne:t mah~*ing m tAe arder of thely doe dates. All payments made upon this note shali be applied first to ihe pay~meot oE ; ~ accnted interest and seoondly upon the principal. ; ~ 'r'hts obLRanon shan bea~ ~nteresc from dace ac the ~ace oteight and eight/tenths ne< <Y~ne t g. gp ) ~ per annum uati) the principal and interest arc f~lly paid. f Interest for each calendar month a6all be accnied on the tirst day of said rnonth aad be computed on tbe unpaid i~e ~ af principal and interest aisting on the last day o~ the precccliag month. 77~is note shall be coasidered in default when anYpa Y~-~ ~ i meat reRuired to be made hereuader shall not have been made by its due date and sha11 remain ' defautt until said payment shaD hav~e been maae. While in defanlt, this note shall bear iiaterest at tLe rate af - - - - - - - - ~e n- - - - - - - - - - - per cent i ( 10 '1f+ ) Per ennum in lie~ of th~ rate hereinbefore specified. i A!1 malcers and eado~sers naw or hereaher~ par Ha hereto JoIntly ud sevenDy waive demancl, notiee of non- ' payment and protest, and agroe tLat in the event af defauIt in thep oIn thitty (30) dsys t6e whoie of sa~d indebtednees :hall thereapan at the~t af~y installment due here~nder for a period of optiaa o# the holder. becaaie immediste}y due and P•Y- i abk, aad if this ~te becomes in default and is ptaoed in d~e haads of an attorney for ooDection, to pay ree~sonabk attorney's fces ~ and all other caats including coats and attorneys Eees of AppeIIate Co~ut Pmoeedings Eor mdang snch coilectioa. - r e - This r?ote may be prepaid in whok or in part at any time ..itho~~t penalty. i ~ t ~ _:~Sg~,~ s/Oren K._Dorsett, Jr._ _ ~g~,~ ; Oren K. Dorsett. Jr. ~ - : ! s/Vadna_R.__Darsett f ' - - - - - - IsEAI.) I ~ ` ~ Vadna R. Dorsett ; ; t This note is securecl by a mortgage of even date e:eeuted by the makers in !a~•or of Community Fecieral Sa~~ngs aad Lonn Assn. + ~ of Ri~~era Beach ) ~ j . ~nd shall prom~ype dorm, comply with. and abide by each and every the ulati~. ageements, conditioas, and covenants of said pran_ irory note and d this deed, then the estate hereby created shall cease and~ nuD and void. A,~D the Modgagor dces hereby oovenant and agree: 1. To pay aIl and sinS~ila~ the principal and interest aad ot6er auuis of moneY P~Yabk by virtue of said promissory note ancl this mort• i Kage, or either. Promptty on the daYs respectivrJY, the same sereraUy rnme due. 2. To pay all and singular the tues. asse~noents, 1~abilities, obligatians and encumbrances of e ~•rty each ancl every when due aad payable aceording to w, before they become ~Y nature on said dcscribed prop- che Mort gee maY at anY time either before or after de ' ~1°qO°nt, and if t6e same st~all not be P*~Pt1Y l~d ~ ~4~~'Y Pay the tame wit}~o~t! wsiving or affecting the o~ttion to fonclase, or 3ny right here~u~der, and every P~Yment so made shaU bear interest from the date thei+eof at the rate provided in aaid promissory note. 3. To kcep the buildin and all wpment and Pe~sonal P~~~ Y nrnv or hereafter an stid piemites, oovered by this mortgage, imuied in s sutn at ~eaSt equs~ W~ imQ31~ ~ Of ttlii mottSSSC> InC111ainK ~E~OOa, eiteOded ~lOVErtgr, vanaalistq ~ misc}Il~, tn(~ any other coveragerequirecl by the moitBaKee. as to properties ofl~er than dwe ' ~s, and fire, ffood, eztende~ caveragRe, special-form ather-Perils insurance. and sny other coverage required by the mortagee, on dwellings di~ible for snch braadened ooverage - Provided however tLat such insurance be in aa amount seHicient to oom_ pl,Y with any cainwraixe reqnirem~nb oavering same undar tLe laws of the S~tate of Florida, and provided EurtLer that the policy or pdicies s6a11 be written in a canpany or oompanies and t~ro~SL an s~eacY satisfadory to the Mort- Ragee and that said policy or policies sbatt be held by the ?14iortgagee and ~ bear a standaid Nc~v York M ~ tioa, malun the lass under said policies payable to the Mo~rt~agee as its interat ma a , C~ause withont contribn- ~ Y Pi~r ud in t~e event a~? sam of beoomcs payable er aay snch policy or policies, the Mortgagee shatl have t6e option to reoeive a~d apply the same on aooamt of the~i cbtedne~a ~ hereby secured, or to permit the 11tortga or to receive and use it, or am part thereof, for other pnrp~o~es, without thereby waiving or impair- inR any equity, lien, or d~ht under and ~y virtue oE this mortgage; and in the eveat the Mortgagor does not camply with this covenant, the ~tortgagee maY plaoe and pay for such incurance, or any part iherrof, without w~atving or affecting tbe optiao to farer]ose, or any rig6t here- under, and tbe fullull nmount of each and every such 1P~Y~~t shaU be immad~tely due an"d~a yabk, a~ sha11 beu interat from the date ` thereof until paid at the default rate prorided in said note and together witb snch fnbtrest ahap be sectired~y the liea of this mortgag~, Iasur- f ance eovcrin the peril of tlood damage shaD be as required by tbe Federal DLsaster Protxtion Aet of 19Y3, or ~t amended, and mortgagor covenants ~ agrees to oompiy in sII rapec~ts with the provisions d~ereof. 4. T'6at mortgagee may, at any time during the mortgage term~ tad in its diccretion, apply for renewal of_ mortga~ ~~nty~~t covertng the mort age esecuted by the undcrsigned on even date herewith,p~y tbe premium dne by reason thereof, by tbe underxi~ of such anwunts as are advanced by said mortga~ae. In tbe event of failiue by the undersigoed wtepay said amounb to said mortgaQee> such failure shaQ be co~ic'irecl a default, and aIl provisioua of tbe note and mortgage witb regard to deEauh ahap be app~lic*- able. 5. To permit, commit or suffer no w~aste, imPajrment or deterioration of said . a' anY Patt tLereof, and npon tLe failure of the mortgnSor to keep the buildings on said prapertY in Sood ooodiHon of repair the ~ a~ danand the immedisee cepair of said bnild- inp~, or an increase in the amonnt of secarity, or the immediste ~m eat of t~e debt secured and the failure of the Mortg~gor to com- ply with said demand of the Matgagee for a period of tWrtY (30 daYs. shall ooffititute a of this mortga . iiort y Se and, at the oQtion of the 8a8ee, immediatel msihut the entir~e artaont oE principal interest h~reby secvred, aad immedLtdy and withont notjct, the Mrntgager may institute pmceedings to foreclose this mortgage and apply for the appdntnoeAt of a Reoeiver. ~s beceinafter provided. ~ d~~ ~ ~ ~ _ . - . .