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TO HAVE AND TO HOID the same, togethe~ with the tenemenis, hered~taments and appurtenances, unto ihe
Mo?tgag~e, in fee simple.
AND ihe Mortgagor does hereby coven~nt with the Mortc~agee ihat he is indefeasibly seized of said (and in fee simpie,
ihat he has full power and lawful right to convey said land in fee simple as aforesaid; that it sl~all ba lawful far the
Mortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from all incumbrantes; that he will make such further assurances to protect ihe fee simple title to said land in the
Mortgagee as may reasonably be requtred; that he does hereby fully warrant ihe title fo said land and will defend the
same against ihe lawful claims of all persons whomsoever.
PROVIDE~, ALWAYS, that if the Mortgagor shall pay unio the Mortgagee the certain promissory note cf which ihe
following in wori~s and figvres is a true copy, tawit: ~
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COMMtlNITY FEDERAI SAVINGS ANU LO~N ASSOCIATIC~N OF RIVI~RA BEACH
~ ~~r#~tt$e ~~#e _
.RIVIERA BEACH, FIORIDA June ~Q 1Q ?5
~ Being i~debted, for v~lue received, the unde~s~9ned iointly and severelly prom~se to pay to COMMUNI~" qE~RA Y~~,3~D .
IOAN ASSOCIATION OF RIVIERA 6EACH at iri officc in tFx City. of Riviera Be~ch, fiorida, or order, the ~um of TW ~NT 1~'1\/
~ THOUSAND FIVE HUNDRED-----------------------------=-~~uRS ~s 25, 500. 00 ~
toqether w~th interes~ thereon +i hereinaf~er st+ted in monthly inst~llmenb otTW O HUNDRED NINE AND 6 5/ l 00ths
ppL~,ARS (S 2 ~ 9. 6 5 The firi t installment ahall be d~e +nd peyabk on the t@rit~l
: dsy of ,]~111~I 19.~5 and subseqvent installments :hall be due and payable on ~ tenth
day oi each and every calender month ~hereifter ~ntil the principal aad interest art fvlly p~id.
Larger svms may be paid at any t+nx, but the paym~nt of any such larger sums in addition to the paymen~s herein req~ired shatl
- not relieve the makers of the payment of the monthly installments herein provided for, unless it is specifically slipulated by the makers st tF+e
time of paymenl that svth larger sums are fo be applied to the advance payme~t of the monthly installments neRt mafurirg in the order of
. the~r du~ dstes. All payments made ~po~ thi: note shelt be applied 4irst to tht payment of acccued interest and second{y upon the princiW~•
This obligation shall bear i~te~est 4rom date at she r~te oi eight & three-guarters per c~M ( 8- 3/4 96)
per annum until the principal and (nterest are fully pa(d.
Interest for each calendar month shall be aarued on the first day of said month and be camputed on ihe unpaid balance of principal
~ and interest existing on the last day of the preceding month. Thii note shall be considered in default when any payment required to be made
hereunder shall not have be~n made by its d~e date and shall remain in default Unti! said payment shal{ have been made. Wfii1e in default,
th~s note shatl bear interest at the rate of 10% per annum in lieu of the-rate hereinbefore specified. ~
All makers and e~~orsers no~v or hereafter becoming parties hereto joindy and severally waive demand, notice of non•payment and
protest, anc~ agree that in the event of default in the payment of any installment due hereunder for a period of thirty (30) days the whole of
said indebtedness shall thereupon at the option of th~' holder, become immediately due and payable, and if this note becomes in de!ault and
is olaced in the hands of an attorney for collection, to pay reasonable aitorney's fees and all other costs including costs and attor~eys fees of
Appellate Court Proceedings for making such colled+on. . _
- This note may be prepaid in whola or in part at any time without penalty.
' t • - /-s-~--Barbara A.~Ferris __~___~_~_..(s~nt) -
: ; - ~ ~ ~iarbara A. Ferris . ~~u
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._~---__---~_.._~_~._~___--------------------___..____.tsEl+t)
, = ~ - -----------•---°•--•----~SEAI)
'(This note is senrrcd by s mortgage of even de~e execvted br the msken ir. iavor of Community federal Saving's and loan Assn. of Riviers Beac~?)
arsd shall promptly perform, comply with, and abide by _ each and every the stipulations, agreements, conditions, and
covenants of said promissory note and of ihis deed, then the esiate hereby created shalf cease and be null and void.
_ AND the Mor~gagor does hereby covenant and agree: ~
1. Io par at1 and sinyvlar the p~inupal nnd intcresl and other nums of moncy paya6le by virt~te of aaid prom»sory note and this morlge4e, w eithcr, promptty
i en the days rtspectivety, the same swerally come dw. _
2. Yo pay all a~d s~nqular ~he ~a¦es, assessmenrs, ~evies, liab~lit~es, obl~9at~ons and ~ncvmbrancei of every ~awre o~ sa~o oescnbed p~optr~y each and every
_ when due a~d payaCle accord~ng ro lavr, before ~hey bccome del~nQue~~, and ~f ~he sjme shall ~o~ be vromp~Iy paid the 1Vbrtgagee may ar any iime e~tlut befo~e
cr al~er del~nqvency Pay ~hx same w~tho.,t wa~v~ng or affecf~~nq iFe opl~on to forectoxe, or any r~gM here~ndcr, a~d every payrre~f so made sha~l bear inierest from
. _ rhe da•t thereof at the rare p.ovided ~n sa~d prom~ssory notr. _ . -
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. 3. To keep the bvildings and all equipment-and personal property now or hereafter on said prcmis~s, covered by thes morigage, insvred in a sum af least _
eqva( to IF.e unpai~ balance of thFS mortgage, including fire, flood, eatmded covaage, vandalism, malicfovs mischief, ar,d any o:her covera9e reqvired by the
mortgagte, as to propeHies other than dweffings, ar,d tire, llood, extended coverage, specia4form other-perils: insurance, and any o~fier coverage requirrd ty
the mortgagee, on dwellings etigib]e fac such broader.ed coverage - provided, howeve., thar svch ins~ra~ce 6e in an amount sutf;c~ent to comply with any co-
insurance requirements covering same under the laws of the Stjte of Florid~, and provided fvrther c'+at ihe pol°cy or potic~es shall be vvritten in a tompany or
compa~ies and through art agency satisfactory to the Mortgaqee and that said policy cti policies shall Ae held by the M.ortgagee and sha~l bear a stand~rd New
York l4ra~fgageo Cla~se wiTho~i contributian, making ihe loss ~nder sa~d policia payable fo tFe Mortqagee as its ~nterest may appear; and in the event a~y Svm
of morxy becomes payable under any svch policy or policies, the Mott9agee shall have the option to receive and apply the same on accovnt of rhe irtdeb!edness ~p
hereby secvred, ar to permir ~he Horlgagor to receive and u:e ~t, o~ a~y part !hereof, fcr oth~r purposes, without thereby waiving or i~pairing any eq~ity, lien, ~
or reght under and by vi.tue ~f thiz mortgage; and in the eveM the Mart9agor does not comply with rhif covenant, the Morrgagee may pltce and pay for such ~n•c~
~ tnsuraMC, or any part thercaf, wiihout wai~ing w affecring the opt;on to foreclose, or any righr hercunda, and ~he full nmount ot wch and every svch payment
; shall be immediatety due ar.d paynbte, and :hall bear interest from the date thereof vnt~l ¢~id at the defallt rate provided in said notc and together with svch ~
interat ahall be srcured by the lien ef this mortgage. Inwrance covering the peril af flood damage sF:el be as required 6y the federol Disaster Protection Atl O
_ of 1473, os as amended, snd mwfgago~ covenants and agrees to comply in afl respects with the prov~si~~ns thereof.
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4. That mortgngee ma/, af any r~me dvring the mor~gage term, and in its discrction, apply for renewal uf mortgage gvaranty insvrar.ce cov~ring the
mortgage e¦ec~ted by t~e undersigned o:, even date herevvifh, pay the premiums d~e by reason thercof, and reqvire repayme~t by the unde:signed of s~ch ~
ama~~nes ai are adva~:ed 6v sa~d mortgagee. fn the tvtnt o' fa~tvre by the vndersigned so repay .aaid amovnts 1o said mortgagee, sv[h failure shall be con- ~
sid~red a defa:rlt, and aIl provisior~ of the note and mortgage with regard to defavlf sha!1 he app:icable. ~
S. To ptrmit, commit w svfler no w~ff~, imp~irm.snt or d~TSriontion o1 taid proptrty, or +nY Oar~ tlurcol, and upon ~he failvre o( th~ rnorty~Qor to kecp ih~~
' fwild~ncn or~ said prop~rfy in qood tor~d~tfon of repa~r, th~ Morty~ye~ rrwY ds+n~nd ths immedrat~ repih pf sud bv~ld~ngs, or an increase in th• •mount of ~ecwity, a
~ , tht immedin• req~rment ot tM debt hereby sec~~red ~nd M~ f~ilvr~ of tha Mbrl9apor to comply wifh said d~mand o( th~ MwtQayee fa a period ui thi~ty (30}
f daY~, afis11 comritu» s bruch of thi~ morlqa9e, snd. ~t t?+~ oprion of tM Nbrtgapee, immediiiely mawre tFw cn?ir~ ~mcvnt of princip~l ~nd inr•ra~_ her•br
t~cvrrd, snd imme3+at~y ~nd withovt notic~, ths Mwry~~ rn~y in~t~tu» procred~nQy ~o tcvectos~ fh~s mweqa~~ a~d ~pply tor th~ sppointrrxm of a R~niver.
. : Mninaf»+ P~w~ided.