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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:
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HOME FEDERAL SAVINGS AND LOAN /~?SSOCIATION OF PALM- BEACH
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pubes R.«b. fatrAfe, If
Mit>0 kstlebbd, fa whte ncehrad, tho ttwdenigwed ioiwtly awd Nwropy ptowise b poy b NOME FEDERAL SAVINGS AND IOAN ASSOCIATION
Of MLM REACH et iM offke Iw the Teww of poles seod~, fbrido, or order the sa. of Forty F f v e Thousand a n d
No/100 Dotws n 45000.00 )
togaMar wti btattsst Nrareee a Mt+lwoher abbd iw tttawthly iwstoll.awb d Four Hundred ~ 1 Tle t Y Five
and 90/100 caws 4Q5.90
The fMt ataewthly Mabpttaewt sAop bo des cad poyabb ow the 1st doy of October lfi 8 Q awe
wbNgeewt htstopatetak shop bo des ewd poyabb ow tla 1st day of cede owd every whtttder
taewth Nrersefbr ewNl the prhseipol awd iwterat an firry poid.
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AR peytwewk sboN bo oppCad fire b lebrest on the uwpoid bobwce at Nse rob Mreirt specified awd Nrew b priweipol. Atq ataeewt awp bo ~
pnpoid wilhotrt" pntairw or fee .pow IAis obligotiow W otstr tetwe, ewd iwbnst chap be tokebted al oR tttttaa ow the eapoid below ow Nr deillr
rob hoses of 1/S60Nr of the ownuol cab pN dayt Provided shot Nee Aswceattow, f« a period of fees (S) yeors frow Nse dub bareof, shag how tho
right b roquin poywent of ao1 lean Nsaw ors Aawdred .ighy (180) doys odwnce interest ow tbet port of 1M opgrpob oatoowt of cep velrttstery
prapoyaank twd• ow tho bow iw owy owe your whicA exceeds 20 parent of dre «igfnol priwcipe) awouM of the boa TAaraeftar, ptepeywewt d
tM ewHre wpaid priwcipal will be perwiMed without penolty. TM poywewf of brger wan iw addetiow b the poytaank heniw rpvind shoR wet
ralbw ttte ttaoken of the poyaawt of tM wowthlp ialblkawk Aertia provided f«, un:au it is spacifieoily stiprbbd by tbo waken of tho tiro of
poyaaowt that latch brger wwa oh b ba oppl'ied b Me odvowq poywent of Nse aaoetAly ensblhwnk wext wofsrritsg iw tla order of Nair des daNS.
This obpgotbw leap boor iwbnM fro. dab of the rob of rT {k e l V C' Pa? atN ( 12 .0
per awwew rrwK) the principal ewd lwbrosl on fvpy pohf.
A poywewt is deGwgwnt and ffies rich shop M considered iw defoeh whM owy peywewt required b bo wads heroinundar shop not haw ban
wode witAin fifben days folbwiwg its des doh and shop rewoew iw defetrh uwNl Nid pays»wt shop Aaw ban wodo. WAib iw tM fist wrontA tAo?
ony paytNnf is daliwgwnl, tbo Assoceofion shall haw tho right_ b rewi?e and regiva poywswt" of trot won thou S% of IAe aggragab attsoewt of
principol owd inbresf incArded in and iw odditeon b tb delasgwwt payarewt.
Ap nsoken std endorwrs ricer or berafbr becoasing potties Aareb joinNy and sewrapy wo'rw derwond, notice of ~PateNM sad prolab and
ogres Ntot iw tbt event of defouk iw fAa poyweM of ally instollrwent des Aareunder or in tAe event of any defarh wader tAe aorlgoge dtted secrtrirtg
this vote Nre whob of Nid indabbdwest shop tMreupow of tAe option of the Aolder, becoaw iwrnediably des awd payobb, owd if the wole beeowes
in defoeh and is pbt»d in the Aowds of an otbray (o? eolladiow, to poy raosonobb attorwy/s fees including but not Gwited b, cep foe owd cock
incldewt b owy eppeob wAids wtsy rawh, and other cock f« wokiwg sueA eollaetion.
(Thls wob a second by o w«tgage of wow dub exectrhd by tM tsakers in fav« of Howes Federol Swings and lo«t Ass«btrow of poles Reach.)
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(SEAL) . (ww -
EDY'!'HE R. VI)?tTt1i'~-S(5........
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(SEAy (SERI)
A ?REPAYN,ENT PENALTY KILL r0`i' BE ASSEg~ED IF 4'HE 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 Mortgagor doe§ hereby covenant and agree:
1. To pay all and singular the principal and interest and ocher 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.
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2. To pay all and singular the races, assessments, levies, liabilities, obligations and encumbrances of every nature on said described property each and
e+ery when due and payable according to law, before they become delinquent, and of the same shall not be promptly paid the Mortgagee may at any time
e Sher before or after del~nauency 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. I
3. to order to provide fo. the payment of loxes, assessments, inswance premiums, and other annwl charges upon the property secweng this indebt-
edness, 1 promise to pay monthly to tM mongsgee, in addirion fo the above payments, a sum estimated to be equivalent to 112th of such items, which
payment may be Mid by the mortgagee and commingled with other funds or its awn funds without imerest fo? the payment of such items. If the amount
estimated to be sufficiem b pay seed items is not sufficient, 1 promise to pay rM difference upon demand. TM provisions of this paragraph are solely f«
the added potection of tM mortgagee and entail ra responsibility on tM mortgagee's part beyond tM allowance of due credit, without interest, f« sums
acrwlly received by it. Upon eM occwrence of a default under this m«tgage. tM mortgagee may apply all « any part of tM accumubted funds then Mld,
upon any obligation secwed Mreby.
d. To keep the buildings and alt equipment and personal property now or nereafter on said promises, covered by this mortgage, insured in s sum at
least equal ro the unpaid balance of this mortgage, including both fire and extended coverage insurance, provided, however, that such insurance be in
amount suffic~en• to comply with any co-insurance requirements covering same under the laws of the State of Fbreda, and provided further that the policy
or policies shall be written in s company or companies and through sn agency satisfacrory to tM Morrgage~ and that said policy or policies shall be Mld
by the Mortgagee and shall bear a srandsrd New York Mongsgee Clause without contribut'ron, 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, tM Mortgagee shall have the option to
receive and apply the same on account of the indebtedness hereby secured, or ro permit ehe Mortgagor to receive and use it, or any part thereof, for other
purposes, without .hereby waiving or impairing any equity, lien, or rght under and by vertue of this mortgage; and in the event the Mortgagor does not
comply with this covenant the Mortgagee may place and pay for such insurance « atry part thereof without waiving or affecting the option to iorecbse,
or any right Mreunder and each and every payment so made shall bear interest from tM date thereof at the same rate as tM m«tgage note, payable semi-
annwlly. r
S. To permit, commit «suffer no waste, empairrrttnt «deter'aration of acid propery, o? arty parr thereof, and upon tM failure of tM mortgagor to koap
tM buildings on said prop«fy in good condition of repair, the MortgagN may demand tM immediate .apse. of Ned buildings, « an itweaN in the amount
of ~sacuriry, « tM immediate repayment of tla debt hereby saarnd and the failure of the M«tgag« to comply with said demand of 1M M«tgaget for a
p«iod of thirty 130) days, shall tonstitub a breach of this nangwga, and, ar tM option of tM MorrgagN, imrnedNtlly mature tM Mora amount Of princi•
pN and inbrar Mreby setursd, and immediably and without notice, Nee Mortgages may instetuN prouedings a forecbN this mortgage and apply for Na
appointment of • Receive, as hereenafter povided.
tk To parf«m, compy with and abide by each and wary aKpubtions, agraannnn, oa+diti«u and owwnanu in Ned promissory note and dead Nt forth.
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