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TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and appurtenances unto
t1~e Association, in fee simple.
AND the Mortgagor does hereby covenant with the Association that he is indefeasibly seized of said land
i?~ fee simple; that he has full pouer and la~vful right to convey said land in fee simple as aforesaid; that it
shail be taw~ful for the Association at all Limes peaceably and quietly to enter upon, hold, occupy and enjoy
~aid land; that said land is free from all encumbrances; that he will make such further assurances to perfect
the fee simple iitle to sai3 ldiid in c.iJJ~~.is::~n ss z:~:~~ *p?cnnahlv be i'eQUlTed; and that he does hereby fully
~varrant the title to said land and will defend the same against the la~vful claims of all persons whomsoever.
PROVIDED ALWAYS that if the Mortgagor shall pay unto the Association the certain promissory note
of which the following in words and figures is a true copy, to wit : ,
Form No. 2C-Rev~sed 12'71 (6•72-1M) -
FIRST FEDERAL SAVINGS AN~ LOAN ASSOCIATION
OF THE PALM BEACHES
i
~
; ,~Ort~t~~e ,~Ote
' s~•7~•~ ti•'est Pahn Beach, Florida September 13 s~~,
~ After date, for t•altie recei:•ed, I p?•omise to ~~ny to the order of FiRST FEDERAL SAVINGS AND LOAN
~ aSSOC1AT10N OF THE PAL111 BEACHES, at the o,~`'ice of said Association, i~i West Palm Beach, Florida, the su»i
' .
~ if~ BIQ(~HTY T
t~88 aTH0~11nSANT~ 8 aBVSNjHUNDhKgD1stat!»zents of ----~l~~ Dollars ~5~.700.40 J
' BBVBN HtJNDRBD TWB~11'Y SI~VBN --------------------------GC~/100 Doitars 737.00 ~
~ each, the first pay~nent to be due on fhe 20th day of November .I~ZS , nnd subsequent payrr~ents to be
~ due thereaf ter on the same day of each succeeding month until al! sums, principat and interest, be f iilly paid.
All payments shal! be first appiied to the pay?nettt of accrued irtterest, and ihe balance remaining shall be
~ applied to the pnymeni of the principal sum.
Inierest for the remainder oj the first calendar month shall be charged on the date hereof, and be computed
~ on said principat siim. Interest for each calendar m4nt1: t)~erenJter sieall be accri~ed on the first day o( said month,
and be co»iputed on the unpaid balance of prin ip i and nteres e ting on the last day of thep; ceding calendar
?nonth. Interest sh~~ 4e paid at the rate of ~t ~l~ oA!'~ p~r cent ( 8'1l~~Io) per annum
on all unpaid balances. prorided, however,. that while this note is in default as hereinafter defined, at the option of
the hotder hereof, interest shall be paid at the ~rate of nine per cent ~9~~ / per annum on alt unpaid .balances, and
the monthly instailments shaii be increased to an anio:enr u~hech u~ill fully pay said note as soon as if it had not I
, become in defauit.
~ This note shnl[ be considered in default whcrn any payment reqidred to be made hereunder shall not be paid ~
~ when the same becomes due, and shatl remnin in default until such payment shal! have been made.
~ This note ~nay bc• prepaid. i1~ ~~~le or in part, before mate~rity, upon payrnent to the Association of a prepay-
i meni penalty in the amount of ~ of ti?e amotcnt prepaid.
~ All persons nou; or )iereafter becominq parties hereto severally uaiz~e demnnd, notice of non-payment and
~ protest. and aqree ihar iri the enent any indebted~iess due hereunder remains unpaid for a period of thirty (30)
' c~ays, the whole of said indebtediiess shal! theretipon. at the option oj the hoider of this note, become immediateiy
' due and payabie: and if this note becomes in defauit and is placed in the hands of an attorney for colleciion, said f
' persons agree to pay reasonabie attorney's fees for making such coliection.
IS/ NIAI.COL6i FIRTH. TAUSTBB (SEAL)
! . . . . _ . . . _ (SEAL)
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and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and cov-
enants of said promissory note and of this deed, then this deed and the estate hereby created shall cease and
be null and void.
AND the Mortgagor does hereby covenant and agree:
l. To pay all and singuiar the principal and interest and other sums ot money payable by virtue ot said promissory note and this mortgage, or either,
promptly on the days respeMively, the same severaily come due.
2. To pay all ~nd singular lne taxes, assessments, levies, liabilities, obligations and encumbrances ot every nature on said described property, on this
mop~age or note, or in anq way res~lting trom the indebtedr.ess securPd by tAic mortgage, each and ecery when dur and payabte areording W law, betore
they become delinquent, and it the same shaH not be prompily pa~d the Assoc~ation may al any time either be[ore or ~fter deLnquency pay lhe same without
w•aiving or af(ecling the oD~~on to [oreclose, or any right hereunder, and every payment so made shall become part of the indebtedness secured by this
mortgage, and shall bear interesl (rom the date of paymertt thercof at the rate pro~•ided in the promissory note secured hereby; and every payment so made,
and i~terest thereon, shall be repaid by the Mortgagor to the Association in such manner as the Association shal) require. The Mortgagor turther agrees to
deliver to said Association, on or be[ore btarch i5th o( each year, tax receipts eridenc~ng the payment ot all Iawtuliy imposed la:es for the preceding
catendar year and to deliver to said Association, receipts e~~idencing the paymen'. o! all liens [or public improvements vcilhin ninety (9(1) days after the same
shall becop~e due and payable.
~ a~x 220 ~E ~ 78