HomeMy WebLinkAbout1917 PROVIDED, ALWAYS, shot ff the Mortgagor shall pay unto the Mort,~apee lice certain promissory note of which the following
in words and figures a o true copy, to-wit: -
GR~
HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH
~l~ox#~~~gE o#~e
' V~ro Beach
florwa March /D ~ is 80
{siwe itadebNd, for wlw ?ecoiwd, the ondo~a~i~~ id-~yoroNy prorniw a pay b HO1NE FEOERAi SAVINGS ANO tO/W ASSOCfATION
OF ?ALM LEACH et its oHico iw the Totrn of ii7 I!( r o, or ardor. 1Aa tww ei - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ;
otxwls s 40 000.00 ~
t F~RT,~YnN
1~0*USAN1l~ra~Nr0~.~00rtt~n~hy i~a~oil:.~h oiFOUR HUNDRED FORTY TWO and
48 100 --------------------------------------•--------------mss fs442.48----~-
TM fit tttsonthly inuollrseM shoN bs dw and payable on /M `v~Oth day of April 19 8U
and wbsegven? instollresnb shall br, duo and payable on the 20th day of each and awry colertdo? worth them
o(b? unKl the principal and interest ors fully paid.
carper sums may M paid at any tittw, but the payment of any sssch larger sums in addition b the poywsats Mrsin nquind ahoN nM rslisw
tfis makers of tits poyrnent of monthly installnsents herein provided for, unku it is specilicolly stipvlotsd by the woken of Ms time of poyssent that
such Ia?ger sums ors to bs applied to the advance payment of the tson?hly instalhenb octet maturing in the order of their dot daNf• AN paywenb
made upon this note shall M opplisd first! b the payment of accrued interest and secondly upon the principal.
This obligation shall bear interest from dots of the rote of chi I
teen - - - - - - - - - - - - - - - - - - - - - - - per cent (i3 ~
i per arrow vnGl the principal and interest ors fully paid.
I
A payment is delinquent and this no?e shall be considered in default when any payment required to be mods hereunder st all not hove been +tode
!I -
wi:Ain fiHt+n days foNowrng ies d,,e doter and sisoll remain in default until sold payment shall hove been mode. Whi.e in the li,~t month that any
! payment is delinquent, the Association shall have tha right to regvrrs and receive payment of not more than SSo of the aggregate amount of principal
1I and interest included in and in addition to th? dslinaurnt payment.
All cookers and endorsers now or hereafter'becoming parties hereto iointly and tewrolly woiw de~wnd, notice o/ non-payment and protest,
t I and ogres that in the event of default in the payment al any installment dvs hereunder the whole of sold indebtedneu shall thereupon of the
optron of the Holder, becor••v immediotsly dvs and payable, and if this note becomes in default and is placed in the hoods o/ an attorney for col-
lecrion, to goy rsosonobls onorney's fees, including but net limited to, o!I fees and costs incident to any appeals which may result, and other cosh
for cooking such collection.
'hs note :c src-ed tv o mortgage of even dote esecuted by the rakers in favor of the Monte Federal Savings and loan Association of Potm Beach.)
/s/ .John J. Licini
fSfAl)
I
/s/ Lillian V. Licini fSEAI)
(SEAL)
~ ` ~ (SEAL)
is
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 Mortgagor does hereby covenant and agree:
' 7o goy o'! end si~3u'•or the printipol and ~r~terest and other sums cf mercy payable by virtue of wed promissory note and this mortgage, a either,
-Fr:y on trs days respedirety, the Some sevoroily coa+a due-
~ To F•~y oil j S+n3a4pr the ta,<es, osseurnents, Ir.ESs, liabi:hies, ob'.igctions and incumbrarxes of every nature On said dexribed property such and
w::en u p.r.:uis acccrd:ng to low, before they become de6ngvent, and ii she same shofl nor be promptly paid the Mortgagee may of any time
- r cef;,:a cr .i•er delinquency pay the wme without woiv~ng or alfectrng the option to foreclose, or any right hereunder, and every payment so mods
ueor intbrtit ham the date thereo} of the same rote os the mcrtgagp mote, payable semi-annually.
In o•7er tp prc.~de far the payment of to:es, assessments, ,rsur~r,ct premiums, and ether annual charges upon the property securing this indebted-
. ~ prc-•st to Fey coo^tf.'y to toe mortgagee, in add•t:ca to tf.e stove payments, a sum estimated to be equrvofent to 1/i?rte of wch items, which
e:.t ~,~y Le F.e:•J by tte mortgcgee and comet;eg'ed •~•rh other funds or its own fords w,thoct interest for the payment of such items. IF the amount
:'ed to be suff.c ent to goy aoid items is not wHrNenr, I promise to pay the difference upon demand. The provn:ons, of this p-~rograph are wtely for
- uaaed protect.an cf the rnartgagee and coca:! no respans,biGry on the mortgagee's port beyond the allowance cf due credit, whhcut interest, for sums
:':y recer.ed Ey t+. UF.cn the oc:urrence of o default under this mortgage, ?he mortgagee may oppiy all or any port cf the accumulated funds then he'd,
nny obl,gat,an secured hereby.
d To keep the bt•~'d.ng and all equipment and Ferwnol property now or hereafter on said premises, covered by the rortgage, insured in o s_•m at
sr equal to the unpa•C balance of this mortgage, includng bolo fire and extended [outrage insurance, provided, however, that such insurance be m
--.sM sufJ.oer.t to co^p!y wtth any cornsuronce regv~rements covering some under the laws of the State of Ftorido, and provided further that the policy
. ~:aes si._il ba wntten in o company or co•npan:es and through an agency satisfoctcry to the ?Ao+rgagee and shot aoid poficy or policies shot) be he)d
•r,e Mortgagee a-.d shall bear o standard New York Mortgagee Clouse without contribution, making Ihs tau under sold policies poyabk to the Mortgagee
's .merest may c;:F_ar; and in the event any sum of money becomes payable under any ouch policy or pohues, the Mortgagee shall hove the option to
-...e and apply the same on account of the ir,deE,tedneu hereby secured, or fo permit the MQrtgogor to rKeive and use it, or any port thereof, for other
acs, without thereby wmv;ng or• impairing any equity, I:en, or right under and by virtw of this mortgage; and in the event the Mortgagor does not
::ly with th•s co.en:nt the Ntortgcgee may Race and goy for such insvronte or any pan thereof without waiving or affecting the option ro foreclose,
y r•gt,+. f:erevnder and Bach and every p^yment so mode shall bedr interest from the dots thereof of the lamb rote as the mangage note, poyobk Semi-
_a~ly.
S. To pe-m,t, ~~•nmit o, suffer no waste, impoir~r•ent or de+triorotion of aoid property, or any port thereof, and upon the ?oilure of the ntortgogor to keep
Fu~'d•• gs on so.d prC:FtJty .r. goof condn:on of rrpolr, tFe Yo•!gagee may demand tha immediate repair of sold buildings, or on increase in the amount
• .^cv+ny. o• +he ~r*•^_d::•e rcpayr+rs of the del! hereCy secured and the failure cf the Mortgoga to comply witA sold demand of the Mortgagee for o
of th:r,y dr,s, r :a cep<t,t~+e o beeor, cf th•s n_.rg„ge, and of the option of the Mortgagee, immedrotely mature the entire amount cf pnnci-
and i-.te•:;t tere'•y lt: =red ^•^d 'T.T,[u u•e'y o.^d v.+•f e.t acme, the Mortgagee may Institute p•ocsedings to (orsttose tArs mortgage and oppiy for the
. , ^.•Te~t c! a icc:r .tr, os t eie•ncfter pro+•drd.
h. i0 pt r10!m, CU/-'pay wlfn Ona ai]Kle DY each u'•V c+~• i L.•G a. • •..^.`.ttl?wa _n.l Inv~nnnfa in Hid orOlnl
y v:i ~3•:c...-: ssory note and deed set form.
BitnK~~ PaGE1e~~~
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