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Home My WebLink About0841 , r vROVIDED, ALWAYS, that iE the Mortgagor shall pay unro the Mortgagee the certain promissory note of whkh the following .n words and figures a a true copy, tawih Gfi~ HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH - ~DX~~~I~B ~D~B ?at. bady Fkrido June16, t9 80 Miq iwdebted, fa vohte received, the ewrtersioned ioiwtly owd sewrodr prowtise to pay N HOIiAE FEDERAL SAVINGS AND lOAti ASSOCIATION OF ?ALM fiEACH or Its off'tt» M the Town of ?olw both, Florida er order, the sew o! Seventy Nine Thousand N i n e Hundred and No/100 oat~?tls cs 79900.00 togeNar whh MNrest Ihereow es MnMaft•r Nagd iw r.enthy iwstollwewts o! Eight Hundred Thirty Seven and 35/100 oouARS is 837.35 16e fiat otinMly iwrtol4wewt shed bo dw awd payobb ow tM 13 t dOy ~ A u9 U 3 t` • 1! 8 A I! and svbeeawnt iwstallw~enb slwd be dw and payable on Me let day of cord owd every coMwdor swath tbere~ afNr enKl the principal and iwle.est are fully paid. forger wwn twoy b paid of ertr liwte, but Me poywawt of aver tvch brger svwts in odditiow M the peywtewM henfw rpvind shop real reMere the woken of Me payrnenf of wowthlr iwsbllwenri hereiw provided for, unless it is apeeificolly stfpvbfed by Me waken of 1M tiwa et parwent 11at such brger wws ore to be applied b /M advance poywent of 1M wonMly instol4wenri next waNring in the order of IMir due daNs. Ad porwenb made upon Mis note shall be applied fuel to the poywent of accreted interest and secondly upon Me priwtipd. This obGyation shod bear interest troves dat• of the rote of Twelve and One-Quarter per cent f12.2~) per anntrss until the principal and interest are fully paid. - A poyrnent is delinquewt and Mis note shall be considered in defouh when any poywent required to be wade hereunder sl•oll not hove been wade vrirhin fihten days following ifs due dote and shall remaiw in defouh until said poymcnt shall have been wade. White in the /irrt wwnM Mot any payment is delinquent, Me Association shall have the ?ight to require and receive poywent of not wore ton 550 of Me ogyreyah onsount of principal and interest included iw and in additiow to tM delinquent poywenf. r' All waken and endorsers now or henafNr becowdng parties hereto jointly and severally waive de~+sand, nottu of now-poywent and protest, lI and agree that in Me event of defouh in the poyswnt of any instalbwent due hereunder IM whole of sold indebtedness shall thereupon of the option of the holder, beconse iwwediotelr due awd payobk, and if this note becomes in defouh and is placed in Me bonds of on attorney for col- ~ section, to pay reosonoble ottorwey i foe; including but not Gwited to, all fees and cosri incident to awy appeals which way rtsvlt, and other cosh for Woking such codedion. - ;!his note is secured by o mortgage of even date executed by the makers in favor of The Name_federol.Sorings and loan Association of Palm Beach.) This note is secured by two certain mortgages to Horne Federal Savings and Loan Association of Palm Beach, one being recorded in St. Lucie. County Florida and one being /S~ _ JEAN.. ~L.. -RI•TrfE.R f~=K) recorded in Martin County, Florida. - JEAN N. RITTER _ _ /S/. MILDREi)'--A-. .itITTER.:. _ fseAt) MILDRED A. RITTER _ . fSEAy. 1 - _ (SPILL) j ~I I I~ pad 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. i `I, AND the Mortgagor does hereby covenant and agree: l 1. To pay all and singular the principal and ;rterest and other sums of money payable by virtue of sold promissory note and this mortgogE, or either, t~ =.T.Ftiy on the days respectively, the same severally come due. I i. To pay all and singubr the taxes, assessments, levies, liabilities, obligctions and Incumbronces of every nature on said dexribed property each and S •F'v wnen due and payable according to law, before they become delinquent, and if the some shall not he promptly paid the Mortgagee may of any time • ~rer tefore or after dsiinquency pay the some without waiving or affecting the option to forecbx, or arty right hereunder, and every payment so made : i near interest from the dote thereof of the same rote os the mortgage note, poyabb semi-annually. 3. In uder to provide for the payment of tuxes, ossessmenta, insurance premiums, and other annual charges upon the property securing this indebted- 1 promise to pay monthly to the mortgagee, in addition to the above payments, a wm estimated to be equivalent to 1/IZth of such items, which _ ~ -er;t may be held by the mortgagee and commingled with other funds or its own funds without interest (or the payment of such items. If the amount t ..,ored to be wffrcient to pay sold items is not wificient, 1 promise to pay the difference upon demand, the provisions of this paragraph ore solely for i 1 ~ adored protect;on of the mutgogea and entail rto respons;bility on the mortgagee's port beyond the ollowonce of due uedit, without interest, fu sums ' •~~!iy received by it. Upon the occurrence of o default under this mutgage, the mortgagee may apply all or any port~of the accumulated funds then herd, eny obligatan secured hereby. i 4. To kee the build; and all u; p ng eq pment and personal property now or hereafter on said premises, covered by the mutgoge, insured In a s_•w of -.sr equal to the unpaid balance of this mortgage, including both fire and extended coverage insurance, provided, however, that such insurance be to -,o,,nt sufficient to comply with any coinwrarKe requ;rements covering some under the lows of the State of Fbrida, and provided further that tht policy ;;,iicies shill be wrinen in o cowpony or cowponies and through an agency sotisfoctory to the Mortgages and tfiot said policy or policies shall be held ' - ; the Mutgogse and shall bear o standard New York Mortgagee Clouse w;thavf contrlbvtion, raokirtg tM bss under sold policies payable to the Mortgagee ;s .rs interest may appear; and in the event any wm of money becomes payable under any such policy or policies, the Mortgagee shall have the opt'an to . ~,ei.e and apply the some on account of the indebtedneu hereby secured, W to permit the M~Agesgor fo receive and use it, or any port thereof, for other ' ;_•F~ses, without thereby waiving u impairing any equity, lien, or right under and t?y viAw of this ntortgoger and in the evert the Mortgagor does not r ,oly with this covenant the Mortgagee may pbcs and pay Fu such insurance W any part thereof without waiving W affecting the option to fuecbse, - c-•y right hereunder and each and every payment so mode shall bedr interest from IM dote thereof of the soave rote os the mortgage note, payable semi- _.-.r.~alty. 5. To permit, commit o~ wf(er no waste, Impairment or deterbrotion of said property, or any part thereof, and upon IM failure of the twortgogor to keep -e ouild,ngs on sold property in good condition of repair, tF.e Mortgagee may demand the immedate repair of sold buildings, or on increase in the omouM _ ~ security, or the immediate repayment of the debt hereby xcured and the failure of the Mortgagor to comply with sold demand of the Mortgagee for o :,e~.od of 1Mrty 13Ui dogs, shall consntute o breach of this mortgage, and of the option of the Mortgagee, Immediately mature the entire amount of princi- and interest hereby secured, and immediately and witl.out notice, the Mortgagee may Institute proceedings to forecbse this mortgage and oppfy for 1M j ._cc ntment of o keceiver, as hereinafter provided. 6. io perform, comply with and abide by each oad every stip~tofions, o3reements, conditions and covenants in sold prowissory null and deed sef'forth. • ~.r , e.?. ~ - DR~~. SOi P~