HomeMy WebLinkAbout0928 PROVIOE~, AIWAYS, that ii th~ Mort9o~ shall pay unro ths Mo~t9o~ ths ceNuie prom'~sory note of which ths followin~
in wo~dt and fquns i~ a trw copr, to-wiR
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HOME FEDERAL SAVINGS AND LOAN AS~OCIATION OF PALM BEACH
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~^o ~"~M~. k~ `~w naiw~. tl~ ~~d~e~iY~/ ~MN~r a~d ~aNr prowiw t~ po~r 10 lIOME FEDERAI SAVINGS AHD IOAN ASSOCIATtON
oF r~ sencH ~ n. or~. ~ w T.~ ot ?.a. Fi..saa, o. «a« +w. .W. or F i f t e e a T h ou s a n d a n d N o/ 10 0
DO1~ 15000.00 ~
i"~ ""'uy j"''°u""~' pne Hundred Twenty Three and
45/100 °~s 12~.45~'
n?. ri~a ow~~y i~ollw~l .~wN b. aw w~ pa~rabl. a. tA. 2 0 t h 7
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a~d wbwawN i~aailMwU ~IwN b~ dw anr poqabb ow tM 2 0 T H dQY o S~od tond rry cob~dar ~ouM 1M~
oh~r vwW Hw p~i~cipal a~d i~tkw ee~ hlly peid.
~a'Y~? ~~1? ~ P~d ~~ry ~ 1~ Poy~~ ~~p wd~ (orpK wws in oddifio~ b IM pay~b Mni~ nqvind ~AoN net nlirrs
I~N AOkM Of 1~ OF ~OAi~ M~10~~M PfOY~I{~d ~'Of~ YA~Mt k ft tp~CI~ICO~ fi~P1?~O~ ~~~Okfl! O~ 1~M ~1M O~ ~/ND~ 1~10~
wd~ bry~r ~rar on b b~ appC~d te 1M odno~a pa~N oi 1M ~oed+ip tastolY~b nut ~ohiria0 ie tiN o~ of tMb dw daN~. All popMnb
awd~ vpow thk woN ~IwM b~ oppll~d firs~ to tIN pap~t of oarwd i~Nr~st aed s~oosdy ~pow tM pri~cipol.
n?r °bC°°"°" 'AoN b'°' ia'".a t'°" aa«' 'w' of N i n e a n d 0 n e- Q u a r t e r w` ~ 9cf
p~r oen~w vAtil 1A~ pri~tipo) owd iwMtpl on inp~r peid. . 9. 2 5
IA»mt ior ~och wbsda~ ~out~ dwll b~ oarwd o~ 11~ Rm dap of soid ra?Ih ond b~ co~pvNd on ~M uepoid bobw of principal and inNr~st
eiutiny oe th~ {aq dajr of th~ pqt~diw0 wo~tA. A parwMf u d~l'iwqu~M ond tliis noh slwll b~ consid~r~d in defauh when o~r pay~nt r~quirtd 10
b~ ~od~ Mnund~~ ahaN not A~w b~en e~od~ yiMfw HftNn dops followinp ih dw dab oad slwll n~noin in d~fauh ~etil ~cid porMeet shoq 6ovr
bwe wod~. While iw tlw Brst ronM Nat ahr pry~at is d~6wqwet, 11~ Auociation sAaN Aaw th~ ~ipht te nq~in und nc~iw poyeNnt of not moer
Now 3!6 of 1M opye~poN oaouat of p?i~ciPol owd in1Kn1 iatlwtsd ie o~ i~ odditioa b tM d~6eq~~nt poy~nt.
AI( ~w~cta oad Mdw~rs ~a+ or- Mnolwr b~co~leO paalw~ (w?do joinMp ond s~wrollr _ waiv~ dwand, notie~ of non-poynanf ond
ond aorN Mo1 iw tb~ w~~t uf d~favM iw tM po~~F ef awr imtoilMnt dw Mrwnd~r tIN whob of wid iod~bNdMSt ~oll tMrwpon a~t th~
op~iow of Hw Iwld~r, b~coM i~diaNly dw osd parobb, ond ii 16h woh b~cowa in dtfo~M and & plond in th~ bond~ of an o»wr»y fw col-
bcliow, b pry nosonobh olbr~r's fNS„ iacbdin0 br1 ~ot G~if~d b, oll fNS aad costs incid~wt to w?p opp~o4 w6kh soy r~suk, and otM~ ooab
fw ~akip w~c? opq~dio~.
{ihis not~ a»cvr~d by a n~ortpog~ of ewn dob ~a~cw~d by 1he moksn in fova of TM Honw Ftdsrol Savings ond Loon Auoclotlon of Potm BsochJ
..._.....fS.~........F~.E.D....C._....~A~RTI.N . _ lsF~u.)
~ FRED C. MARTIN
- f.S~f.......DQR04"HY....A.~....MRATIN ls~)
DOROTHY A. MARTIN
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and shalt promptly perform, comply with, and abids by e«h and every the stipulations, agreements, cond+tions, ond covena~ts of
said promissory note and of tha deed, then tht estate harsby creoted shall cease ond be null and void.
AND the Mongogor does hereby covenant and ogree:
t. To poy ol~ ond sinpulor th~ princlpal ond inNr~st and WMr wan o( money poyobl~ by virtue of wid promiuory note ond this morlgoge, or either,
prompt{y on ~t,~ doys ros~cttr~y, tM waw sw~.ally oonw dw.
2. To poy oll ond ~ingulor th~ fox~s, essessments, Irrbs, liobllities, obligctions ond incumbronces of every natura on said dexribed properry eocfi ond
e+ery wiien due and payobl~ oocudieg to law, befors they b~ca~e dslinquant, ond ff the wms shall not be oromptly paid rhe Mwtgogee moy ot any tim~
e~rher before or ofte~ d~linqwncy poy fhe soaw without woiring or of(ecting the option to forabas, w o~y right hereunder, ond svery paymem so modt
:hall beor int~rpt fron~ tM doti tMreof ot tM wma rob w the mwtgay~ note, poyobls ssmi-onnuolFy.
3. In o~der to provid~ (pr tM payment of twc~s, asseasments, inwro~+ce premiums, and olher on~uol cFarges upon the property securing this indebted-
r:ess, 1 promise to poy mon~hiy to tM mortgoya, in oddrt~on to tM obove poylnents, o win astimoted to be equiwlent to 1/14th of such items, which
p~ym~nt may b~ heW by tM mortgoges ond tomminglsd with otF~er funds o? its own funds withovt interest fo~ the poyment of wch items. If the omount
estimoted h b~r wf(~6ent to pay said itsn~s q not wiiici~nt, 1 promise to pay tM difference upon demond. The provisions of this porogropb are sokly fw
rhe odded proleciipn of !hs mwtgogs~ ond entoil no res~wnsibility oo the ma:gogee's poA beyond the allowonce of due aed~t, without imerost, for wms
oduolly raceivsd by it, Upon ths otturrsnc~ of o defauh undw thh mortgogs, ths morrgogee moy apply oll w any port of the occumutoted funds then hefd,
~pon a~ryr oblgotion secur~d hsr~by.
4. To keep the puildinp ond ull eqvipea~M a~d p~nooal prop~rfy now or hersafter pn wid premises, tpvered by fhe ma~tgage, insured In a wm of
!eost puol to the unpo;d bobncs of Ihis nartyags, Ialudiny both fin ond extsnded cwerage iniuroncs, provided, however, ~ that utih insuronce be in
omount wf(iuent to co~p{y with omr coinwroou requiremenb tov~rin~ some under the lows ol 1he Stots oi Fbrido, ond provided further that the policy
~,r polici~s sholl b~ wrin~n in o ooinpony or me~ponies ond throuph en agsn~y sotisfoctory to ehs Mortgoges and thot said policy or pol'~des sFwll b~ AsW
by the Mortgoye~ ond slwll b~or a stondord New York Mat9op» Cbus~ vrithp~t oontrtbutfon, isaklnp tM lost und~r told polki~s poyoble to tM Mo~yvge~
a~ its inter~ may oppeorj ond in tM rvsM o~ryr wm o( naeey bscc~ss payabls under aMr such policy w polrcies, ths Mw~gagee shoU Aove the option ro
.rceiw ond opply th~ wnw on ocoount of tlw lnd~bt~dnus har~by ~cursd, w to p~nnq tM Monpopw to roceivs ond uss it, or a+ryr paA theraof, for ahsr
Purpos~s, without tMraby woiv;ng or impotriap oriy puity, liwn, or ripht . vnd~r ond by riAw o( this mortqogej ond in the erent tM Mortgogor does not
comply witA this cov~nont ths MonQops~ rwy Plop ond poy (a wch inwrona or ony paA th~r~of wNhout woivin~ or oflecting th~ option to forec{ws.
or ony right hsrsvnd~r and soch ond w~ry paym~M w niode sFwll bwr ioterest hoee tM dot~ tMreof ot the se~as rots os the mortgoge note, poyabk semi-
onnuo~y.
S. To ptrmit, coenmil o. suff~r no wost~, liepoirm~nt o? det~rforotiw~ of sold propsAy, or ony poA therwf, and upon ths fafturs of the mortgogw to keep
the bui(d~ngs an soid property in pood nondition of ~~pofr, th~ Mwtyopa~t woy d~mond tM irr:m~dbt~ repoir of soid bui{dings, or an increass in the omouM
of s~curiry, a tM immediots rspoyaNnt of tM d~b1 h~nby s~cund a~d th~ foflun of tM Mortgopo~ to comp~y with said demand of ths Mongogee fw a
psriod ef th~ny 1301 days, sholl constitute o breoch of tl~is enoAgop~, ond ot fhs option of the Mwtgoges. ~mmediately mature the entire amount of princ4
oa! ond inr~.est henby s~cured, und i~nnwd~o»y ond wirhow notic~, tM Nbn9oyee nwy (~stiruts procsedingi to forecbss tAis mortgoge and opply for tM
oppointmeM o( o Rsctiwr, as hertinohlr prorid~d. ~
6. To p~rfora~, comply with and obtd~ by wcF~ ond ~very stip~lations, ag~eemenri, conditioos ond covenants In soid promissory nole ond deed set forth.
=':R.292 926
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