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~ er date, for value received, I promue to pay to the order of FIRST FEDERAL SAVING ND LOAN
~ ASSOC ION OF THE PALM BEACHES, at the olfice of said Association, in West Palm Beach lorida, the sum•
~ of _ . _ . . . Do rs (S 1
~+ogether with in st as hereinnfter sinted; in monthly installments of
~ ` ~ Dollars fS )
~ each, the first pnyment to ue on ihe day of and subsequent payments to be
due thereafter on the same da of each succeeding month until ail sums, princ' 1 and interesi, be fully paid.
Ail payments shall be firsi _ iied to the payment of accrued inter , and the balance remaining shnll be
~ applied to the payment of the prin 1 surr~.
Interest for the rcmaindes ihe the si c~iendar moreth shail be rged on ihe 3ate her-eaf, snd be ~-~.~~nputed
i on said principal sum. Interest for each c ndar month thereaf shall be accrued on ihe first day of said month,
I and be computed on the unpaid bulance of ' cipal and inier e~isting on ihe lusi day of the preceding calendar
~ month. Interest shail be paid at the rate of - per cent r'lo) per annum
~ on all unpaid balances. provided, however, that w' e this eote i~ in default as hereinafter defined, at the option of
~ the holder hereof, interest shall be paid at the rate o ' e per ce~st (9rlc) per annum on al! unpaid baiances, and
~ the monihiy irestallmenis shall be inerensed to an amo which will fully pay s~+d note as soon as if it had not
( becmne in default.
I This note shall be eonsidered in defauit w any paym required to be mnde hereunder shall not be paid
; when the same becomes due, and shu11 re ' in default until paymeat shall have been made.
~ ; This note may be prepaid, in t.nhoIe or n part, befare maturity, payment w the Associatiore of a prepay-
j ~ ment penalty in the amount of o of the amount prepaid.
i i All persons now or hereafter be ming parties hereto severally waive mand notice of non-payment and
! protest, and agree that in ihe even any indebtedness due hereunder remains paid for a period of thirty (30)
1 days, the whoie of said indebteflrtess shall thereupon, at the option of the holder is note, become immediately
due and payable; and if this ote becomes in default and is piaced in the hands ~an orney for colleciion, said
i persons agree to pay re~~le attorney's fees for making such collectimt.
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~ and shall perform, comply with and abide by each and every the stipulations, agreemenis, conditions and cov-
~ enants cf said promissory note and of this deed, then this deed and the estate hereby created shall cease and
~ be null and void.
A
y AND the Mortgagor does hereby covenant and agree:
1. To psr all and aingular the principal and Intenst and other aums of moneY Daqable by ririne of aafd promiaeory note and thL
mortga~e, or elther, promptly oa the daya respectively, the same sererally come due.
~ i. To pay sil and eingular the taxea, asaeaymeots, levles, llwbillttea, obligatlons and Incumbrance! of every nature oa said
~ deacrlbed propertr. on tAla murtgage or note. or in anr way rerulting [r~m the I~deDtedneas recured b3 thla mortgage, each and
~ e.ery when due and paYable accordlnR to law, be[ore they become dellr.pucn~ and !t the aame rhall not be promptly Dald tAe
ti Aasociatton may at any time elther betore or a(ter delinquency pay the same without ~vaiving or at[ecUng the option to toreclose.
or a~y rf~ht hereunder, and e~ery payment so made ahaU bewme part ot the indebtedne~s aecured by tFi. mortgage. and ahall
~ bear Interest from the date of payment thereot at the rate provided In the Dromlaaory note secured hereby: and evetY DaYmeni
s Ao made, and interest thereon, nhall be repaid by the mortgagor to the Assoclatton in auch manner as the Maoclation ahali rMUlre.
~ The mortga~or further aRreea to delf~er to aald Ansociaticn, on or before March iSth of each year, tax recefpts ecldec~cing tt?e
~ Payment of all law[uliy imponed tazea for the precedin6 calendar year and to deli~er to ~ald Association, recelpta evldencing the
payment of ali lteus for pubilc impro~ementa withfp niaelp(90) dsys after the same ahnil become due and paynble.
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