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Home My WebLink About0333 ~ . - ~ ~ _ . . - . . ~~„~8 ~ . . . , ! . TO HAVF AND TO HOLD the saane, togetber with thr tenemcnt~ hc~editau~tnts and appurtcnances~ unio the Mortgagee~ ia fee simple. AND the Mortgagor does herebq coven~nt with the Mortgagee that he is indefeasibly seized of said larid in fee simple; that he has full power and lawful sigbt to convey ~aid land in fee simple as aforesaid; that it ahall be lawful for the Mortgagee at all timea peaceably and quietly to enter upon. hold, occupy and en'oy said land; that said land is free fronn all incumbrances; that he will make such further asstirances to protect ~e fee simple title to said land in the Mortgagee as caay reasonably be required; t~at he does hereby fully warrant the title to said land and will defend the same against the lawful claima of all persona whomsoever. ~ PROVIDED. ALWAYS. that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of K~hich the following in words and figurts is a true copy. to-wtt: HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH_ ~ paYn ge~ch, Florid~, 19- Being indebted~ for va~e raeived, the undersi~ned jo~tly and sevet~iry pranise to p~y to HOME FEDERAL SAVINGS AND LOAN ASSOCUTION OF PALM BEACH ,t its office in the Town of Palm Beach~ Florida, or order. the wm of D~tl1~S [i 1 together with interest the~eon as herein~ite~ stated in month~t installrtients of DOWIRS (i 1. The first monthly installment shall be due and p~y,bk on the dty of . 19 ~ and subsequent installments sh~ll be due ~d payable on the~ -__dn? ot each snd every cakndar month there- after until the principal and inte~est Ke futly pi~d. ~ All payme~s shall be applied first to interest on the u~aid balance at the rate herein specified and then to principal. My amuunt may be prepaid wittaut premium ot fee upon this obligation at ar~y time, and interest shall be calculated at all times on the unpaid bala~ce on the dail~ rate basis at 1/360 of ti~e annual rate per day; aovided that the Association shall have the right to require payment of not more than one hund~ed eigMp (180) days advance interest on that part of the aggregate amount of all prepaymeMs made ~n the {oan in arry one year which ex~eds 2Q per ceM of tt~ origirtal princlpal ffinount of the loan. The p~nne~ of larger s~ns in addition to the paYmeMs herein required shall not relinre the makers of the paymer~t of the monthly installments herein provided for; unless it is spea~caly. stipulated b~r the maken at the time of payment that such larger s~xns ue to be applied to the advance payment of the monthly installmer~s next maturing in the order of their due dates. This obligation shall bear ioterest from date at b~e rate ot~ n~r oent [--------%1 per anrwm until the pnncipal and interest are fuly paid. ' Interestfor each wleodat month shall be a~xrued on th~ first d~? of said month ~nd be computed on the unpaid balance of I princip~l and inte~est existing r.~ r~°~'..""e T~ "^t~ e6sU 1~ rMeuiarorl in ~{nfa~~M whRn anv oavment ; re9uired to be made hereunder shalt not have been m~de within thirt~? d~rs.fdlowinQ its due d~te and shall ren~ain in default until said payment shall have been made. Whik in default, this note shalt besr interest at the rate of % per annum in lieu of the ; rate hereinbefore specified. ~ All makers and endorsen now or hereafter becoming parties hereto jar~tl~r and severall~ waive demand, ratice of non~aymer~t ~ ard protest, and agree that in the eveM of default in the paYment of amr iratallment due hereunder the whole of said indebtedneu ~ together with prepaymer~t advance interest as provided herein shall thereupon at the option of the holder, become irt~nediately due • ` and payable, and if this note becanes in default and is placed in the hands of an attorney for collection, to pa~? reasonable attorney's t fees and other costs for making such collection. - ~ (This raN is ~cund by s nwrt~y~ of w~n daN ~x~arhd by th~ malcas in f~vor of Ibn~ frd~rd SwinQa and lorn As~oci~twn of Palm 6each.) ~ ~ _ ~_[s~] . c ~5~~ -~5~~ ~ ~ ; and shall promptly perform, comply with. and abide by each and every the stipulations, agreements, conditions. and ~ covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void. ~ ~ AND the Mortga~or 3ae~ herebq covenant and ~gree: ~ ~ 1. To p+y md singulK tF~e prir?cip~t and inter~st and otF?cr wms of money p~yable by v~rtue of ssid promiuory note u~d this mortypt, or eith~r, ~ prompHy on the days nspcctively, the ts~nt severatly cor~ due. ~ ~ 2. To p~b ~II ~nd singvlsr the ~aYes. ~ssessmcnb, levies, li~bilities, obl'~yat~w+s ~nd incumbr~nces of every nafure on s~id d~wibed property e~th a~d every when due ~nd p~yable acco~diny to (~w, betore they becane delinquent, and if the ume shall not be promptly psid tM 1Nort9+pae m~y at ~ny time ` e~?her be~ore or afte~ delinquency pay the sarrK wiMwvt waivin9 or sffecting the optia? to forecbse, o? ~ny rght herevndtr, and svery WYmeM so made shall bca~ interest from the date the~eof ~t the same n» ss the mortgsge note, pay~We semi-amwly. Jq 3. In wder b provide for the payment af tax~s. ~ss~ssments, insur~nce premiums, and other annwl charges u{wn the pop~rty s~cu?iny this indebh edness, I promise fo psy monthly to the mortg~get, i~ ~t~on to the sbove p~ymeMS, + sum estimated to be eqviwlent to 1/12th of such items, which pay,mnt m~y be held by th~ mortysgee a~d commirqkd with otF~er fundi a iu own funds w~tF+out ~ntenst fa the p~yment of such ~tems. If ths ~mount r= prom~se to psy the d~fferenu upon dem+nd. The ovisions of this para • are sokly (oi O s estimared ro b~ suffic~e~t to p~y said items is not svfPK~ent, 1 Pr ~ d' the sdded protection of the mortgsyee and entsiJ no respons~bility on the matgagee's part beyond th~ allowsnoe of du~ credit, withovt intemt, fw sums _ •ctwlly received by it. Upon the occurr~nct of • def~ult under this mortgsge. ~M mor~Q~q~e m+y +pphr all w any pa~t of the accumulattd fue+ds then held. ~ ~ upon any obligatGon secwsd hereby. ~ ~ 4. To keep the bu~ld~ngi and •II equipment ud persoRal property now or nere~fter o~ uid pnmises, covered by thi~ mortype, ins~red in a wm ~t ~ ~ k~st cqwl ro the unpsid balance of thif mortysge, inctud~rq both fire and extended covtr~qe inwrsnce, p~ovided, howwer, that wch inw~~nce be i++ ~ ~moum wff~c~e~f ro comply wirh sny co-7~iuranct requirementi coverirg same under th~ bws of tfie State of Florida, u+d prov~ded fi+rther thN the policy w polK~es sh~ll be wrirren ~n a comp~ny or comp~nies and tF?ro~yh an a9encY sarisf~ceory to the Mongayee ~nd tbat aid pol'~cy w policies ~hall b~ held ~ by the Matg~gce snd shall besr • st~rtda•d New York Mwtg~gee Clavs~ wi+hout tontnbutioe, mskin9 fhe bss under aid polititt payabb fo tM Monypee ~ s ~s ~ts interest msy ~ppesr; and in the event ~ny wm of monty becomes psyable unda ~ny wd+ policy or policies, the MortQ~ee sh+11 Mvt the opYwn to ~ ~ recerve and apply the ~~me on sccovnt o( the indebtedness hereby secured, or to ptm~it fFN AAO11Q~Of t0 ?KliV~ N1d ute it, or any pKf thtreof, fa olher ~ - purpous, without rhereby waivinq or ~mpairing sny equity, lien, o? riyht unde~ ~nd by vi~fue of this mwt9~ge: Md in th! wMt tht Morty~yo~ does not ~ co~n w+th this covenant the Morr ee I~ce ~nd fw zuch ~r?wr~nce w thereof without waivl w~ff~ct' tM optan to foretbse, c; P~Y 9~9 ~^~Y P MY ~^Y P+rt or ~~y right hereunder and each and every paYment w made shall besr interesf fram tF+e d~» thereof at rhe s~mt r~N ~s Ih~ mortyay~ not~, p~y~bk wmi- "R" annwlly. 8~~~~7(~' -PA~ ~ . . - ~ t + ° . _