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Home My WebLink About1467 . PROVIDED, AIWAYS, That if the Mortgagor shall ptry unto the Mortgagee the certain promhsory note of whidt the following in words and figures is a trw copy, to•wih i GFii HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH ~ero ch, vl«+d• August /S „79 Mlrre Iwdeb»d, fa wwto i.csiwd, Ills ~t i e'~wd wvsroMr ~s~e b ptr b 11oM! fEOERAI SAVINGS ANp tOAli ASSOGATION OF ?AtM iEACN e.1 Us office iA tM Teww fds, a etch, Mte tittw ef THIRTY -0NE THOUSAND TWO HUNDREL? AND NOI100 31,200.00 ~ togeMe. whw interest twereew « Mtoiwofta stated b tt...twy Iwstellwewb of----- THREE HUNDRED THREB AND OS/100-------------------------mss cs303.05 Tho first t.a?twy iwnelbt.wt swots be dw owd payable eve tM 20th dey d January . tt$Q cad svbsgwwt untou..wb swell b. dw ewd payebb eve fAe 20th dog of .odt owd ..ery cobwdor .tswNs tw.re• of»r ewW the prwscipel ewd iwlereq an lolly paid. k«gw aver tttay be paid of arty Iiswe, bvf 1M paywetM of owy strew brger aver b addhiow b tho poywewb wereiw required swots wet nWw the snsokers of tae payaeent of snwwthly iwsleUesewb weniw provided for, uwba it is spedficogy tlipub»d by tae ttseken et tae titwe el porstseM twat sucw brger wvs on to be opplisd b the adwwce poywewt of tM wewthy iwstolkwewb crest tstohrrirsg in two ender of their duo dotes, AM paywtwb wade upon this note shall be applied first b tM peyvewt of oawted iw»rest and sscowdy .pan tM principal. This ebrtgotiow .wolf bor.:w»..:, tract do» w tea of ELEVEN AND 25/ 100 p.r cewt cl 1. 25%) per owwsww until the principal and in»rest ore felt' paid. A poywewf is delinquent cad this wo» shoU be considered in dtfosh whew arty paywsewt required b be wade Mrevnder shall not have been wade vrithin fifteen days following its dw dot! and shall rewsoin in defouh ewtil sold poyvent shall haw beew wade. White is the first w.onth lhot oat' poywntal is deGnquewt, Me Associolioa shall hew Nse right b nge'ue ot?d receive paywenl of nol swore chow SSi of Me egyregoh owounf of principal owd interest iwcluded in cad in odditiow b the dsiw~wnt poyrtsnt. ~ AU saokcn cad •ndmssn wow a htnof»r bscowiwg parties Mreb faintly and sewroly waive dstsand, twtiq of non-poyrenf cad protest, owd ogre. that is tae went et defouh in tM poymewt of nay inslollwewt due hereunder tM whole of said irdebtedwess shall Neerwpon of tae optiow of the holder, becove ivwed'atey dw cad payable, and if this vote becomes iw dsfeuh owd is pbad is .the bonds of on attorney for cob. lectiow, to goy nasonoble attorney i fees, including but veal liwited b, oU fees and cosh incidewt b owy oppwb which way resvl4 cad othe? costs for wsoking sucw collection. i ilhn note is secured by a mortgage of even dots executed by the makers in fovat of The Home Federal Savings and loan Association of Palm Beach.) . /s/. Roy.D. Doerr lseAu ~s/._ Norma Doerr _ _ . cs~u) ISf:AI). _ _ _ lsf;~u) and shall promptly perform, comply with, and maids by each and every the stipulations, agreements, cond'Aions, and covenants of 'k said promissory note and of this deed, then the estate hereby created shall cease and be null and void. AND the Mortgagor does hereby covenant and agree: I. To pay all and singulo? tM principal and interest and other sums of nsoney payable by virtue of said promissory note and this mortgage, a either, s-rcmptiy on the d.:ys respectively, the some sewraliy carves dw. i 2. To goy all and singubr rhs taxes, assessments, levies, liabilities, obligctions and Intvmbronces of very nature on sold described property each and eery when dt;r r,*.d payable ocrording to law, before they becomt delinquent, and if the some shall not he promptly paid the Mortgagee nay of only time c~rher tefore or offer delinquency goy fhs some withou/ rroiving or affecting the option to iweclose, or any right hereunder, and every payment so wade snail bear interest from tlcs dote thereof of the sons rots os tM mortgage note, payobb sswionnuoly. 3. In order to provide for the payment of taxes, assessments, inwranct premiums, and other annual charges upon the property securing this indebted- -zu, i promise to goy monthly to the mortgagee, in addition to the oboes payments, a wm estiaated to be equivoknt to 1/141h of such items, which o_ymcnt may be held by the mortgagee and commingled with other funds or its own Wnds without interest for the payment of such items. If the amount es+i~,oted to be wfiKient to goy sold items is not wfficient, I promise to goy ttss difference upon demand. Tlse provisions of this paragraph ore solely for '%e added protection of tho mortgagee and entail no responsibility on the w«Sgoges's port beyond tM allowance d dw credit, without interest, for wan ::c!u~lly received by it. Upon the ottvmrsq of o default under This moftgags, the worpogee way apply all or any port of 1M acumubted funds then heA, ~.,pon any oblgotion secured hereby. - To keep the building and all equipment and personal property raw or hsreofter on sold premises, covered by tae mortgage, inwred In o s+:v at ° ~e.ss equal b the unpaid bobnce of this wartgogs, including bWA fin and a=tended coverage inwronce, provided, however, that such insurance be to s c•nount wfficienr to comply with any coinsurance requirements toverirsg some under tM bas of tM State of Fbrido, and provided further that tM polity cr policies shill be wrinsn in o cowpony or cowponies and through an agency sotisfoctory to tM Mortgagee onrd that said policy or' policies shall be held by she M«tgogee and sAoll bear o standard New York M«tgoges Cbuse withesrl oorttrlbutiow, voicing 1M Ives ardor sold policies payable to fM Morlgogse os its interest may oppeorr and in tM event any wm of money becomes payable under any such policy or policies, tM Mortgogq shall haw the option to ~ receive and apply the some on account of the indebtednsess hereby secured, Or 10 permit tae M)trtgogor b receive ontd use h, or any part Thereof, for When r F~rpcses, without thereby waiving a impnirirsg any equity, lien, or right under and by virtw of this wtor?gogsr and in cite event the Mortgagor does not co•*ply with this covenant the Mortgagee nay ghee and goy for such inwronu W any port thereof without wohfttg or affecting the opton b forecbse, f cr any right hereunder and sxh and every payment so mode shall bedr interest lrom tM dWe thereof of tM saws rote as the moAgoge note, payable sewi- ~ cnnualy. S. io permit, commh o. after no waste, impairmaM w deterioration of sold property, a any port thereof, and vp«? the tailor of tae • r-e builds vort9~a b keep ngs on sod property in good condition of repot., the Mortgogp way demand tM ia:mediote repair of sold buildings, a on inUeose in tM amouM yf security, or the smmcd+ote repoymant of the debt hereby secured and the tailor of tM Mortgagor to comply with sold deatand of the Mortgogq for o oe*~od of thirty 13pt dogs. sho:l co~st~tute o breach of this mortgage, and W the option of the Mortgagee, Immediately actor fM entire amount of prirsci- cl and inte+eu hereby secured, and imeaediately and witt+ovt notice, the M«tgogse voy Institute proceedings to f«eck~se this nartgoge orsd apply for the :,Upc~ntment of o iccce•ver, os here+nofter provided. 6. To perf«m, c«•+ply with and abide by socA and every stipubtions, ogreemsnts conditions and oovenaWS in sold pr«n'sssory rate and deed act forth. B~7R~~5 PACE1~'.~ _ _ _