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Home My WebLink About0857 • PROVIDED. ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which the following in wo:ds and figures is a true copy. to•wit: ' G~ HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH c~~$~~ ~iD~.e rbb+ s.ads, Fbrlda, J un a 16 , » 8 0 Mb,O ittdabted, fer vohw ncoMd, the ossdenptted loiwtlp ostd severagy Proviso to pair b HOME FEDERAL SAVINGS ANO LOAN ASSOCIATION of PALM sEACH of its oNke in the Town of Poly food,, Fkuido, a ord.. the wv of Sixty Five Thousand and No/100 oouARS (s 55000.00 ~ tegalhar tirUlt Iwtatatd tb.ne. a, haeeinaher tlbted iw tnMd?y ieaalbi.ea of Six Hundred Sixty Sight and 85/100 oa.wls 668.851, Tko fb1 atwsNltlp InstelYeant shoU be des ossd ptspebM on the 13 t dap of A Ug V 3 t 19 8 Q and wbsegwM InuoUtnanb sboR ba des and payable on the Zf3t dap of cads ostd every cohtndar venlb tbaredhr wtU 11te prfstcipal ostd iwhnM on folly paid. AR papswwb shoo 6a applied ~in1 b interest on tM utspdd bobnce of Me rob Mnin specified oad Nsan b prindpot. Any etttteon? tnop i» pnpeid erithoot pnasiunt or fee upon this obligotiow of orep levee, and interest shall be cokubtad at all tirnb on 11a, stnpold boles. en tlta dai4r rah bosh of 1/9601b of the annual rob par daps provided that the Aaoceation, for o period of fees years front flee doh hereof, shah here the right b ra~trin papwsent of oral awn thM ow hundred itghlp (160) dope advance interest on that pest of the opgrpoh atwwnt of all ttoWnfary Ph mode on the bees in any one yeas which exceeds 20 parcanf of the oripinol principal osttwuM of tM ban. Thereofh?, prepeptnastt of the Moro onpoid priwcipo) will ba permelNd without penohp. The poywtent of brgar wawa in addition b the poytwewb Benin regv'tnd ttholl net ralleve the sleeken d tM pepswant of tM vontlely iNblhtseMS Mnin pnvided for, un!eu it b spacefiaolly stipubtad by the ssakan of the . tune of papmaM that sttcb br0er wvs on b be oppxad to tM odroseoa payment of fhe tseoothlp instolltaunh next wawruq is the order of their des dohs. ihia oWigab. shop boor iwhrgt fro. doh of th. rote of Twelve par cant ( 12.0 per msnsm oath the principal and interest an fully paid. A paynerrt b deGngwnt and th(s rye shall be consedered iw defouh whM osey poytnMt toquired b be mode heniwunder shall not how been mode within feheen days follotrirsg its des dote and shah nmoiw in defotth unM'1 aoid payment shalt haw been mode. While in th. first stanNr that any poyvent o delingwnt, the Associatron shall hove the riphl_ h nquiro ottd receive poymMt of sat man than S% of the aggregate omoont of prinrapol and iwhrest incWded in and iw odditioa b the deGngwnt paywtMt. AN eaken owd ewdorsers taw or hereafter bacomiteg parties hereto ioinNy and severoRy wo'tw deaand, noteee of non~poyment owd peo/ast, and agree tl?ot iw the avewt of detosth in N?e prymeM of any installment des hereunder or in the evtnf of any defouk under tM mortgage deed sacurfwg This nob tIN vrhole of sold iwdebtednats sl?oll therwpon of the opttoss of the holder, becova immediately due and poyabks, and iF this naM beeoves in defwh o+sd is pbad iw the hewds of ow o»orwey for cdbcleon, to goy rwsonoble attorney i fees including but not limited M, aN fees and lash enddewt b osey oppaab which stsay rawh, owd oNar costs for cooking such collection. . (Thb fate a severed by a awrlgoge of even doh executed by tM awoken in favor of Howes Federal Sarings and loco Association of Pob beach.) 3 S CARL F. WIBERG /S/ RATJA WIBERG - (SEAL) (sew CARL F. WIBERG . _ ....1CAfiJA...WIBER . j (SEI?L) (SEMI li A PREPAYMENT PENALTY WILL NOT BE ASSESSED IF TAE LOAN IS PREPAID ! 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 11'[ortgagor does hereby covenant and agree: t. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this mortgage, or either, ! promptly on the days respectively, the same severally come due. ~ 2. To pav all and singular the tares, assessments; levies, liabilities, obligations and encumbrances of every nature on said described property eacfi and every when due and payab:e according to law, before they become delinquent, and if the same she!! net be promptly paid the Mortgagee may at any time ether before or after delinquency pay the same without waiving or affecting the option to foreclose. or any right hereunder, and every payment so made ;hall 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 toes, assessments, insurance premiums, and other annwl charges upon the property securing this endebt- edness, 1 promise to pay monthly to the mortgagee, en addition to the above payments, a sum estimated to be equivalent to 1 J 12th of such items, which ' payment may be held by the mortgagee and commingled with other funds rx its awn funds without interest for the payment of such items. If the amount estimated to be sufficient to pay said items is rear suff'tdent, 1 promise to pay the difference upon demand. The provisions of this pa?agraph are solely for the added protection of the mortgagee and entail no responsibility on the mortgagee's part beyond the allowance of due credit, without interest, for sums aawlly received by it. Upon the occurrence of s default under this mortgage, the rttortga9ee may apply alt or any part of the accumulated funds then held, = upon any obligation secured hereby. 1 1. To keep the buildings and all equipment and personal property now or Hereafter on said premises, covered by this mortgage, insured in a sum at "s !east equal to she unpaid baia~ce of this mortgage, including both fire and e>,tended coverage insurance, provided, however, that such insurance be in amount sufiirien• to comp!v with any co-insurance requirements covering same under the laws of the State of Florida, and provided further that the policy ' or I acs shall be wrirren .n a cam an or cam spies and throe h an ercy satisfactory to the Morrgsge~ and that said policy or policies shall br held poi P Y P 9 a7 by the Mortgagee a^d shall bear a standard New York Mortgagee Clause without comribution, making the loss under said policies payable to the Mortgagee as its interest may appear; and in the event any sum of money becomes payable under any such policy 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 Mortgagor to receive and use it, or any psA thereof, for other purposes, withovr }hereby waiving or impairing any equity, lien, or right under and by virtue of this mortgage; and en the event the Mortgagor does not comply with this covenant the Mortgagee may place and pay for such insurance a any part thereof without waiving or affecting the option to foreclose, ~ or any right hereunder and each and every payment so made shall bear interest from the date thereof at the ssrnt rate as the mortgage note, payable semi- annually. g S. To permit, commit a wffer no waste, impairment or deterarateon of said property, or any part thereof, and upon the failure of the mottgagex to keep tM buildings on laid property in good condition of repair, the Mortgagee may demand the immediate repair of aid buildings, or an increase in the anwtrnl of aewrity, or tM emmtediat! repayment of the debt hereby second and Me (ailun o4 flee Mortgagor to cornpfy with aid demand of tIN Mortgagee fora period of thirty (vi)) days, shall constitute a breach of tf?is aangagt, and, at titre option of the Mortgagee, immediately mature tM anon atreount of prince- ~ pal and enhnss hereby secured, and immediately and without notice, /M Mortgages may institute procecdirtgs b forecba this mortgage and apply for tM appoenrment of a Recsirer, as Feereinafter provided. 3 i 6. To perform, comply with and abide by each and wary stepulattons, egreemenn, conditions and covenants en aid promissory .sate and dead at forth. • 6Q(K t~ PA(if Ch7tJ