The URL can be used to link to this page

Home My WebLink About2051 i . PROVIDED. ALWAYS. that if the Mortgagor shall pay unto the Mortgagee the certain promissory note~of K•hich the following in words and figures is a true copy. to-wit: GI HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH ~~~E tab. s.ad, norwal?ia r ch 4 , t>180 MfaO kadabbd, fer vohte rocoiwd, the ettdorsigtsad IoinNy and severally ptowiw b pap b NOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF MlM REACH a, to office M the Taww of fake s.ad, rbridw or ord.. the sYw at Thirty Nine Thousand Two Hundred and No/100 n 39200.00 1 tooelher ttrMs iaNnrt thoraea ea h.rteofb. tdobd iw wrathy leslolkttenb of Four Hundred Eighteen and 66/100 oacARS ~ 418.66 TN fMt rooollty htslollwoet abaci t>, dw aetl payable on rho 2 0th dal, ~ J U 1 y t' 8 0, a„+ wbsagaeM MabUwoNa oitoq ba dw and parable a rho 20th dap of and end awry otthttsdar woaMt Ntendbr tretil the prindpol oed Mtaresf on hllr paid. Aq paywonta shag bo oppKod first b Gthrost ow the Yepoid bokawca of tlto rob Mroie r{+ociiiod aed dsots b priedpoL Aar attstttsatl war ba prepaid wilhovt pnwiYw w fN Ypow this oblioatioe of arty tieto, and inbnst shall bo cakubdod at d fietos oa the awpafd bohanoa ew the delft reb basis at 1/S60tlt of tbo owawl rob par dap: provided that tM Aswciation, for a period of five (',h room (rote dso dab boreef, abet bane tM rtOht b n9uin pttrywont of not won thaw ono hYtsdred oighy (18g) days odvaaco interest ow Mof purl of Nto ogg~ab ataoeM d ei tteletNary ptstpeywonM tstode ou Mo bore in oey owe your trhich ottceods 20 porpnt of 160 original principal owgttsf of 1Me htoa lberaafbr, praparataat a1 rho oMin tswpoid prittcipol wiG be porwitbd vrithostt ponohy. Tho paywent of large sows in oddilioe b tM pvywoeb honia togeind abeR clef nllovo the waken d tbo pottwettf of tM ttsontbly inibllwonts Mnin provided for, Yn:ow it b •pscifiooRy stipuhsted by the waken of tw tiwo ai payswowt that sYd lorg~r wws ore b bo opplwd b rho advance payetent of the rwosNrly irtstolbsowb netrt twotYring ie rho ardor of their dw dabs. TM~ ~ss~ mall brat iro¦ m th. rob ~ Twelve and One-Half p« acct ( 12.50 u) par onwew uetU Me principal oed iwterosf on fYRp poW. A poynant b de6ngwnt and this web shall bo cawside?ed in defaYh when awy perwonf rogYind b be etude heniwYwder ahoN not haw bees wade within fifteen days tolkarriwg its dw dab oed ahoN nwaie in dttfatth Yetil acid paywoef shall hero beew mode. 1AAtile ie the fiM ttaoeth that any polrwant 6 dekngwwt, the Association skill how rho right. b to4ttiro and roeoiw pelrwowt of eat etoro dtow S!6 of tlso appropoto oesowt of principal and iwbrat incbded in and in addition b rho deretgwnt poynsset. AN asoken owd ewdoners new or benofter 6oeowing parties honb joiwNy and sewropy woiw dewand, notice of woe"paywoet and praloal, aed agree thed ie tb event of d~faYh in tbo payment of aq insbltwent dw hereunder or in the ewer of any defaYh YwdM the wortgogo dead satYtirsg this web tM whole of raid indebtadnew shall lherwpon of the option of tM hoMsr, becotee iwswediably dw and payable, owd iF this wttae becomes in defwh and is piowd in tl~e bawds of aw oltornep-for collection, to goy rwwnoble ottort?ay's fees iwtkrdinq but eat liwibd to, oU teas aed calls iwt9derrl b oq appeab which way rewh, and outer cosh for waking suck colbction. (Tltb hole b second br o etorgago of own dab etrscYted by tM wwaken iw favor of Hotee Federal Savings end loon Associotioe of iolw Reaelt.) /S/LOUIS D.•CARRAN /S/ BEVERLY C. CARRAN - LOU I S D . Cl~1f~~F~ (SEAL) ..-----..............BEVEHLY....C. ~ CARRAl'~----•----....-.-............ (stAu (SEAy (SEIW i A PREPAYMENT PENALTY WILL NOT BE ASSESSED IF THE LOAN IS PREPAID and shall ram tl extern, cam I with, and abide b each and ever the sti ulations, a reements. conditions, and ~ P P YP PY Y Y P g covenants of said promissory note and of this deed. then t he estate. hereby created shall cease and be null and void. ( AND the Mortgagor does hereby covenant and agree: I 1_ To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this mortgage, ar either, promptly on the days respectively, the same severally come due. 2. To pay all and singular the tares, assessmenh, levies, liabilities, obligations and inNmbrances of every nature on said described property each and every when due and payable according to law, before they become delinquent, and if the same shall not be promptly paid the Mortgagee may at any time either before or after delinquency pay the same without waiving or affecting the option to foreclose, or any right hereunder, and every payment so made shall bear interest from the date thereof at the same rate as the mortgage note, payable semi-annwlly. 3. In order to provide for the payment of taxes, assessments, inswsnce premiums, and other annwl charges upon the property secwing this indeM- edrtess, 1 promise to pay monthly to the mortgagee, in addition to the above payments, a sum estimated to be equivalent to 1 / 12th of such items, which payment may be heW by the mortgagee and commingled with other funds or its corn funds without interest for the 'payment of such item:- If the amowtt estimated to be sufficient to pay said items is not sufficient, 1 promise to pay the difference upon demand. The pravisa+s of this paragraph are sokllr for the added protection of the mortgagee and entail no responsibility on the mortgagee's part beyond the alkawance of due credit, without interest, for awns actwlly received by it. Upon the occwrence of a default txtder this mortgage, the mortgagee may apply all a any part of the accumulated funds then held, upon arty obligation secwed hereby. 4. To keep the buildings and all equipment and personal property now or hereafter on said premises, covered by this mortgage, insured in a wm at least equal ro the unpaid balance of this mortgage. including both fire and extended coverage insurance, provided, however, that wch insurance be in amount wfficienr to comply with any co-insurance requirements covering same under the laws of the State of Florida, and provided further that the policy or policies shall be written in a company or companies and through sn agency satisfactory to the Morrgsgr_ and that said policy a policies shall be held by the Mortgagee a^d shall bear a standard New York Mortgagee Clause without contribution, making the loss under said policies payable to the Mortgagee it its interest m,y appear: and in the event any sum of money becomes payable under any wch poKcy or policies, the Mortgagee shall have the option to receive and apply the same on account of the indebtedness hereby secured, or ro permit the Moregsgor to receive and use it, or arry part thereof, for whet purposes, without thereby waiving or impairing any equiy, lien, or right under and by virtue of this mortgage; and in the event the Mongsgor does not comply with this covenant tF.e Mortgagee may plxe and pay far such inwrance or any part thereof without waiving or affecting the option to foreclose, or any right hereunder and exh and every payment so made shall bear imerest from the date thereof at the same rate as the mortgage note, payable semi- annwlly. . 3. To permit, commit a wifar no waste, irnpairrttent or dateriarition of said propery, or any parr thereof, and upon rho faiiun of the rtwrlgagur b keep tM bvildirtpa on said proporry in good condition of repair, rho Mortgagee may demand tM immediate repair of said buiW- of secutiry, or tM immediate repayment of the debt Flt utgs, or an axreow in rite amount Toby aswred and the failure of tM Mortgagor b comply with said demand of tM iNortgogee for a period of thirty (.iQ) days," shall t:Onstituto a beach of this mortgage, and, at rho option of the Mortgagee, irttntedraroly mature rho antiro amount of princi- pal and interest hereby secured, and immediately and without notice, tIN Mortgagee may institute proceedings b foncbw this mortgage and apply for tltr ' appointnxnt of s Receiver, u hereinafter provided. b. To perform, comply with and abide by each and wary stipulations, agreemtnn, condition ttrtd covenann in said promissory note and load act fords. i