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Home My WebLink About1632 PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which the following in words pnd figures a a hue copy, to•wit: • G R~ HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH ~Dx#~tt~E ~II~E ro4 t.odr, flerido Tula Y u , t97 9 - Ming iedebtad, for valve rtrcoiwd, Mo andersigned jointy and sewroQy proadsa N pay ro HOME iEOERAI SAVINGS AND LOAN ASSOCIATION of rAIM FI~?ctt of fb office is the Tawas of val. ti.ach, florido, o. order, the ettt. of Ninety Three Thousand T h r e e Hundred and No/100 oauus cs g3300.00t togatlsar with inNnst Marva m Mnirwfhr stated in wtorsMly insfotlsenb oI E l g h t Hundred Fifty - Three a n d 7 0/ 10 0 oow?RS c= 8 5 3.? 0- The tint rtsonMly inttotlsen? shoU ba dw nod prryoble on tM 2 0th ~ ~ June 19 7 and subwgwet irtstollreenb shoo be dw and poyoble on the 2~t:h day of etsc? and .wry coleedor rwonM thara• afNr until tM principal and interest era fully pod. larger suss way ba paid of any tint, but 1M poystnt of any suds larger tuns in addition M the poyrnents Irereirs required shell rtW relieve the awken of Me poyrwent of sonthly instollasenb Mrein provided for, unless if is specificoNy stipuloNd by Me rswktn of Me tiers of paytwent Mof such brger suss ova to be applied b Me advance poysent of tAo sonMty instolhents next wahrring iA Me order of Mew due dohs. All pryrrrenM sad. upon Mis note shall be applied fiM b Me payment of occnred inNrest and secondly upon the principal. This obligation shall boar interest from data of the roN of T r' R 3 n d (7 ri @ - H a 1 f par tent 0 ~ 5 O%) per onnur? until the principal and interest ore Tully paid. H - I ( A poy.r.nt is delinquent and Mis not. shall b< considered in detente when any payment required robe made hereunder st•oll not hove been •node within fihetn days following ire due dot. and shall remain in default until said payment shall hove been mode- White in the liret month that any payment is delinquent, the Association shall hove the tight to require and receive payment of not more ttian SSo of the aggregate amount of principal !I and interest included in and in addition ro the delin~uant Foysenl. All maken and endorsers now or henofter becoming parties hereto jointly and severally waive darnond, notice of non-payment and protest, I' and agree that in the event of default in the poywrent of any installment due hereunder the whole of said indebtedness shall thereupon of Ms option of the holder, become immediately due and poyabb, and i1 this note becomes in default and it placed in the hands of an attorney for col- lection, to pay reasonable ottorner s fees, including but not limited to, all Peas and costs incident b any appeals which may result, and other cosh for making tech collection. ! ;'his note is xcured by a mortgage of even dole executed by the takers in favor of The Hare Federal Savings and loon Association of Polm Beach.) !S/ -CECIL J: SILLS tseAl) CECIL J. SILLS - .1St... rtRRIE E.- SLL? S tsEAl) "'ARIA: E- SI? ? S (SEAL) (SERI) f I - r and shall promptly perform, comply with, and abide by each and every the stipulations, agreements, conditions, and covenants of i said promissory note and of this deed, then the estate hereby created shelf cease and be null and void. AND the Mortgagor does hereby covenant and agree: I € I. To pay ail and singular the principal and interest and other sums of money poyoble by virtue of said promissory note and this mortgage, or either, p .:-_-+ptly on tie days respectively, the same severally come due. r r 2. Tv Fay all and singubr the taxes, assessments, levies, IiobiGties, obligations and lncumbronces of every nature on sold dexribttd property each and r.ery when der r;-.,i pJyobie according to low, before they become delinquent, and it the some shall not sie promptly paid the Mortgagee may of any time -'per LQFJr2 or af!er delinquency pay the same without waiving or olFecting the option to forecbse, or any right hereunder, and every payment so mad. - : i txar interest from the date thereof at the some rote os the mortgage note, poyobb setai-annually. 3. in order to provide for the payment of taxes, assessments, insurance premiums, and other annual charges upon the property securing this indebted- i pram~x to pay monthly to the mortgagee, in addition to the above payments, a sum estimated to be equivalent to 1/i2th of wch items, which l ;-east may be held by the mortgagee and commingled with other funds or its own tur.ds without interest (or the payment of sucA items. If the amount cored to be sui[,uent to pay said items is not wfficient, 1 promise to pay the difference upon demand- the provisions of this paragraph •ore solely for • F added protection of the mortgagee vnd entail no responsibility on the mortgagee's port beyond the allowance of due credit, without interest, for sums 3 r,~!!y received by ir. Upon the occurrence of o default under this mortgage, the mortgagee may apply all or any port cF the accumulated funds then he'd, :gin easy obigotion secured hereby. a 4. To keep the bs~ilding and oli equipment and personal property now ar hereafter on said premises, covered by the mortgage, insured in a s:•m at e ;st equal ro the unpo~d balance of this mortgage, including both fire and extended coverage insurance, provided, however, that such insurance be m o~o-~nt wifi6ent to comply with any co-insurance requirements covering some under the laws of the Slats of Florida, and provided further that the policy ;.JGcies sh.:11 be wnrten in o company or companies and through an agency sotisfoctcry to the Mortgagee and that sold policy a policies shall be held rtes Mortgagee and shall beer o storrdord New York Mortgagee Cbuse without contrlbutlon, making tM loss under sold policies poyoble to the Mortgagee :s ;ts interest may appear; and in the event any sum of money becomes poyoble under any such policy or poliues, the Mortgagee shall hove rtes option to -eceive and apply the some on account of the indebtedness hereby secured, Or to permit tM MQAgogor to receive and use it, or any port thereof, For Wher _ rposes, without thereby waiving a impairing any equity, lien, or right under and by virtw of this rnortgoge; and in the event the Mortgagor does not --aly with this co+enant the Mortgagee may pbce and pay for such inwroncs or any port thereof without waiving or effecting the option to }oreKlose, v-.y right hereunder and each and every payment w mode shall bedr interest from the dots thereof of the some rote as the mwtgoge note, poyabb xmi- . r• uJl ly. 1 5. To permrt, commit o. suffer no waste, impairment or deterioroYron of said property, or any port thereof, and upon the failure o< the mortgagor to keep build.ngs on sod prcperry in good cond~rion of repair, rtes N.ortgoges may demand the irr.mediote repair Of said buildings, or on increase in the amount + :ecuriry, o. ttie ~mmed.xe repayment of the debt hereby secured and the failure of the Mortgagor to comply with sold demand of the Mortgagee for o x-.o-d of thrrry ;3Cr dJrs, s^ati co'+st,tute, o breach of this mortgage, and at the option of the Mortgagee, immediately mature the entire amount of printi~ ;f Jnd inre•cst hereby xo;red. crd ;mined arely and without nonce, the Mortgagee may institute proceedings to foreclose this mortgage and apply for the _rc nrmero of o <ece ver, os here;nafter provided. 5 5 , 6. To perform, cor.aply with and abide by each and eery stip~lctions, agreements, conditions and covenants in soil promissory note and deed set fortD. i