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TO NA1'E AND TO HOLD the sam:, tu¢rther H~th the tenrment,, hrrrditamrnt. and ~ppurtenance~, unto the Alortgagee, in fee simple. ~
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AND the ~longagor does hereby co~enant ~+itt~ the ~tortgager that he i, indefeac~bly seized of said land in fee ,imple, that he has fuli
G,uuer and lawiul right to comey said land in fee simple a, afuretaid; ~hai it ~hali be la~ ful for ~he !~tortgager at ail times peareably and quietly '
~o enter upon, hold, o~cup>~ and enjoy ~aid land; that ~aid land is free from all encumbran~r.; that he wiil make such further aswrances ro ~
~rotect the fee simple title to said land in the ~tortgagee ac may « asonably bc reyuired; that he doec hereb~ fully warrant the title to said land '
and will defend .he same against the IaHful claim~ of atl penonti whumtior~er.
PROViDED, ALN'Ati'S, that if the ~tortga~or ~haN pa> un~u thr 11~~rtgager the rertain ~romi~,ur~ note of which the following in Hords
,~nd figurec ic a truc cop~, to•wil:
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COMMUVITY SAVINGS. F.A. ~
~~:~ur#$u~~ ~"n#r
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Ri1'lERA BEACH, f=LORlDA 19 ~
Seing indebted, ior ~atu ecei~ed, the under~igned jointly a~~d se~erally promitie to pa~ to COMti9UNITti' S INGS, F.A. at its ~
offire in the Ci~} of Ri~ iera Be , Florida, or order, the sum of ~
DOL S (S ) i
~ together w ith interest ihereon as herei ter stated in monthly installments of ;
LLARS (S ~
j The first installment shall br d~e and payable the day of 19
and subsequent installments sha[I be due and pa> e on the da~~ of and every calendar month thereafter !
until the principal and interest are (ully paid.
Larger sums may be paid at any time, but the payment f an}~ such larger su n addition to the payments herein required shall
not relieve the makers of the paymem of the monthly installm ts herein pro~~id for, unless it is specifically stipulated by the makers
at the time of payment that su;h larger sums are to be applied the advanc ayment of the monthly installments next maturing in
the order of their due dates. A1t pa~•ments made upon this note sh be ap ed first to the payment of accrued interest and secondly
~pon the principaL
7'his obligation shall bear interest from date at the rate of per cent ( ~'o)
per annum unul the principal and interest ar~ fully paid. ;
i
Interest for each calendar month shall be accrued on th rst day of said mo and be computed on the unpaid balance of princi- '
pal and interest existing on the last day of the precedin onth. This note shall b onsiderec3 in default when any payment requirsd
to be made hereunder shall not ha~~e been made by it ue date and shall remain in fault until said payment shall have been made. '
W hile in default, this note shatl bear interest at the te of per cent ( per annum in lieu '
of the rare hereinbefore specified and holder d g detault may ai it~ ortion refuse to ac t payment of any sum less than the total
amount then due or declared hereunder to due.
Ail makers and ertdorsers now~ or her ter becoming parties hereto jointly and se~•erally waiv emand, notice of non-payment and
protest, and agree that in the event of ault in the payment of any installment ~ue hereunder for a riod of thirty (30) daya the whole
of said indebtedness, shall thereu at the op~ion of the holder, become immediately due and pay le, and if this note becomes in
default and is placed in the hand f an attorney for collection. [o pay reasonable attorney's fees and al ther costs including costs and
attorneys fees of Appellate C rt Proceedings for making such collection.
This nate may be pr id in ~hole or in part at anp time without penalty.
ISEAL) LS/ Harold H. Sm th (SEAL)
~ -Harold H. Smyth
tSEAL) (SEAL)
~Thi ote is secureci by a mortgage of e~~en date erecuted by the maker~ in fa~or of C0~1~tUNtTY SAVtNGS, F.A.)
and shall promptly perform, coinply with, and abide byeach and every the stipulatiuns, agreements, conditions, and covenants of said promis-
;ory note and of this deed, then the estate hereby created shall cease and be nuli and ~oid.
AND the ~iortgagor does hereby co~enant and agrze:
1. To pap all and singutar the principal and interest and other sums of money pay ablr b~ ~ irtue of said promissory note and t his mortgage, or
e~ther, promptlp on the days respectiveiy, the same severaily come ciue.
2. To pay alt and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of every nature on said described property
each and ever~° w•hen due and payable according to law, beiore they become delinquen~, and if the same shalt not be promptly paid the Mort-
gagee may at any time either before or after de~inquency pay the same w~ithout w~aiving or affecting the option to foreclose, or any right
hereunder, and every payment so made shall bear interest from the date thereof at the rate provided in said promissory notr.
3. To keep the buildings and all equipment and personal property now or hereafcer on said premises, covered by this mortgage, insured in a
sum at ieast equat to the unpa+d balance of this mortgage, inrluding fire, flood, extended coverage, vandalism, malicious mischief, and any
other coverage required by the mortgagee, as to properties other chan dwellings, and fire, flood, extended coveragt, sFecial-form and oth~r-
perils
SOUTHEASTERN
BOOK ~~t~ PAGE ( Eorm z3e
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