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Home My WebLink About1893 •~PROVIDED. ALWAYS. that if the Mortgagor shall pay unto the Mortgagee the certain promissory note of which the following in words and figures is a true copy. to•wit: G~ HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH ~e • Nartin l~~h, s.rld.aTuly25, ~f80 Mitt' bd.M.d, fir velea raceMd, the uwd.raiott.d later .wd ,ev..opy proedsa w parr M HOME Ftt~EpAl SAVIN(3f AND lo/W AtSOgAT10N O~ MfJtl attAeN et `.tpo. b +he Tewe of l+elw Moeh, tFleridab er erda the cave ai Twenty Eight Thousand Seven Hundred and No/100 ~:n 28700.00 ) tagethar ttdllt tiwtantl theraee « henlwaftar ettlad M wewtlty Itawll.awa d Two Hundred Eighty Nine and 87/100 _ DottAps t: .289.87 1, Tie An, ••~M htneptttattl ,hap be dw owd peyabM eve 1st dear of September 1f 80, wbsMtt.et t.atotl.ewta aholl ba dw acct payable eve the 1st day .f .odt ..d aela.dw ...th IUa.ofb. etttp th• pdaelpal awd MMr.at rapt' peW. - AN poyw..ta abler b• epppad fist to tiwt.nst ow the eapold bohttta of the rota henht ,o.cin.d .wd rhea priwc#tel. Aq .etee.t tttor M pnpeld withoef pnwhtw er fee epee wb ebligotiow a owy tiwe, ewd iwtereat chap b. adnrlaMd of ep tiKM a the etyteld hahttta eve fM da~r rel. beab of 1/~b011t d the ownuol rote Per dolr, Provided that the AaociotioA, fa a period of fire C•h hr. t4 dew haraaf, eWl brave the rtgM /e neNtin poyateM of veal won thaw ore hewdrad eight' (1t10) doya adrowa (wMreM eve that paA of the oggsngole ewoaM of ep tralaalory prapeywawts wedgy aw the lees Iw clay oar ywa. which anaeds 20 parawt of the origtwol priwtJpe) attaeewt at rho brae, ihereafMr, prepeywaM of the awtire wpeld principal wip be peraaiflad without pewohy. The payment of kraer wr iw odditbw"fe the poyetawb herafw remind sWl wN ropaw the teokers of tlt~ pepwswf of the aaewtbly iwNoptaatNa lame provided fa, enters if b apet3lfospy alipubNd by the waken of tM tiwe of poywewt that each krgsr sass an » b• oppped to the odrawa payateM of ttse mosthly ittstopaawb wext esohrriwg iw the order of their dw daNS. nb dap ittt.rat te.t th• ~ Eleven and Three-Quarters r' a.r t 11.75 per e.wew ettW the priwdpol end twte.at an tepr paid. A payaawt b depagwnt and tbb nola dwp M cowsidered iw detach when wt' paysaera required b be wade herainuwder chap veal haw have mode within fifteen days fbltowing its dw doN grad chap rowobt iw defoeM ewtp said peymeat thou have been made. Whib sA the fill worth thw any payweM b deKngwnt, the Apoeiatiow shall have the right >o require owd teciiw poyweat of col won tlsow S%- of 1ha oggrpate owoewt of principal and is»rM lecbtded iw end iw odditiow to the d~pngieM paywant. . M seohers end ewdorsen new e< hereafter beeowing porlies hello ioLsNy and severapy waive dewtoad, wothn of wow~poywewt ewd pteteet, card agree that ti tM event d defwM ie the paywewl d awy isWollwewf dw hereunder or in the ewer of awy defarM uwder the warlgage deed saceriao tbb woN f4 vrkole d said iwdebNdwew shall Ibereepow of !be option d the bolder, become immediately dw and poyobM, acct iF this weN berwwee in defaeA awd b placed • 6s the bawds of ow attorwey far oopectiow, to pay nosonotsM attorneys face including bat not limited te, or fees awd cops iweldertt to awy oppeob which way neeb, awd ether casts far saakisg such collection. (Tbb woes b sawed by o wortgage of avow daN atteawNd by ttsa woken in favor of Howe Federal Savings awd loos Asaodatiew of t?alta beach.) /S/THOMAS JOAN VAN VREEDE /S/ JOYCE MARIE VAN VREEDE - ......_..........'"1'HOMA-5....Jf3HN....V'AR...VREEDE (sue) ---...........-.....-JOYICE---I~fAR7'E...VA19'"~IREEDE.......... (sew i A PREPAYMENT PENALTY WILL NOT BE ASSESSED IF THE LOAN IS PREPAID and shall promptly perform. comply with, and abide by each and every the stipulations. agreements, conditions. and 4 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: 1. To pay all and singular the principal and interest and other wms of money payable by virtue of said promissory no» and this mortgage, or either, promptly on the days rcspecsively, the same swcrally tome due. 2. To pay all and singular she taxes, assessments, levies, liabilities, obligations and incumbances of every nature on said desnibed property eadt and every when due and. payable xcording to law, before they become delinquent, and if the same shall not be promptly paid the Morlgagee may st any time - either before or after delinquency pay the same without waiving w affecting the option to foreclose, or any right hereunder, and every payment so made shall bear imerest from the date thereof at the same rate as the mortgage note, payable semi-annwlly. 3. In order to provide for the payment of faxes, assessments, insurance premiums, and other annwl charges upon the properly securing this indebt- edness, 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 held by the morlgagee and commingled with other funds a its awn funds without interest for the payment of such items. If the smouret esKmated to be sufficient to pay said items is not sufficient, I promise to pay the difference upon demand. The provisions of this paragraph 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 actwlly received by it. Upon the occurrersce of s default under this mortgage, the mortgagee may apply all a any pan of the accumulated funds then held, upon any obligation securtd hereby. To keep the buildings and all equipment and personal properly now or ncrcafter on said premises, covered by this morlgage, insured in a wm at least equal to the unpaid balance of this mortgage, including both fire and extended coverage inwrsnce, provided, howevd, that wd? inwrsnce be in amount wfficient to comply with any co-inwrsnce requirements (OVerirrg same under the laws of tl,e State of Fbrida, and provided further that the policy or policies shall be written in a company or companies and through an agency satisfactory to the Mortgages and that said policy-or polices shall be held by the Mortgagee and shall bear a standard New York Mortgagee Clause without contribuYrors, making the toss under said policies payable to the Morgagee as its interest may appear; and in the event any wm of money becanes payable under any such policy o? policies, the Mortgages shall have the option b receive and apply- the same on xcoum of the indebtedness hereby secured, or to permit the Mortgagor to rece'nre and use it, or any part thereof, for other purposes, without thereby waiving or impairing any equity, lien, or right under and by virtue of this mortgage; and in tits event the Mortgagor does not comply with this covenant the Mortgagee may place and pay iw such insurance or ar?y part thereof without waiving or affecting the option to forecose, or any right hereunder and exh and every payment so made shall bear interest from the da» thereof at the same ra» as the mortgage note. payable serrsi- annwlly. S, To permit, commk or suffer ra vents, impairment or deterioration of said property, or any part tMreof, end upon tM failtrn of the nartgagor b keep ttr buildings on said property in good corsdition of repair, rite Mortgagee may dsmand the inutsedia» repair of said buildirsga, or an Yioraase in rite amount of seariry, or the immediate repayment of lira debt hereby secured and the failvn of tM Morppor to comply with said demastd of Na Mortgages fora period of thirty (30) days, shall constitu» a brsadt of this ntapags, and, at the option of the Mortgages, iervnediareltr mature tM entire amount of prinei- ` pal and intersst hereby secured, end irrrMdia»ly and without notice, tla Mortgagee may Inatitu» procaedirtgs b foredoas thb mortgage and apply for tM ~ appointment of a Receive., a heninafnr provided. 6. To perform, comply .with and abide by each and every stipulations, agrssmasn, condition and oovenanb in said pomiaaory trots and deed sot farlk aoQ 335 P~1886