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PROVIDED. ALWAYS, that if the Mort~agor shall pay unto the Mortgagee the ccrtain promissory ~ote of
~.~hich the tollowing in words and figurts is a true copy. to•wit:
G~
HOME FEDERAL SAVINGS A(VD LOAN ASSOCIATION OF PALM BEACH
~~oxt~~~e ~~#E
~o~. ~,, ~,, Decemberl5, „ 80
Mi~ ind~bNd, fw valw ~~c~iwd, tA~ YIId1ff~111d ~oimly ond wwrolly p-orwi~ to poy b HO1r1E FEDERA4 SAVINGS AND IOAN rISSOCtAT10N
OF IAIM ~EACH M it~ ofRc~ in 11w Towe of Pblw Nocl~, fbrido, or ord~r tb~ w~ ~ Twenty Five Thousand and
No~ioo ~c: 25ooo.oq
wo~ wll O O rat tMnoe m 6~ninafNr stot~d is w~wt6ly ~e~rollo~~t~ oF T W O H u n d r e d N i n e t y S 1 X a n d 2 9 6. c,
~ DOlU1RS ti 21•
1M Ar~t ~tl~y in~tuUw~at dwll b~ dw ond porobb on tM 1 S~ d% of F e b r u a r y 19 8~
wbNqw~t iwallwa-h daq b~ dw and porobl~ oe N~ 18 t do~r of weh ond Mry eabado-
wenlh fMno~Nr vnfi) 1h~ prlsclpol oed inl~mt on fidly poid.
All pry~nh slwU b~ oppliwd Knf b int~r~st on Ih~ uapoid bokec+ ot M~ rol~ Mnin p~dfi~d ond M~e to p~tncipol. M~r o~wnM iwp b~
pnpoid rdbovt pn~iu~ or FN ~pon Mis oblipotioe al o~r tiaN, and int~n~t ilwll b~ colculal~d of ell tiw~s oe IM YAPOW bOIWK~ es fA~ d~ilp
rof~ besis ot 1/36WA of eM anmrol rob p~r dap; prorided tAet t6~ As+oc~otion, (w o period of P~w (S) pton f~om M. doa h•no1, ~hall Aow 1M
ripht Ie ~puin pop~el of sof wor~ tAon on~ Aund~~d ~qhty (160) doy~ odvanc~ inMr~if ow MW porf of IM oyyrpaq o~ousf of op wlYelory
P-~po~rw~nb wod~ ow tIN loon in oehr on~ r~or whieh ~aee~ds TO p~rc~nf of t6~ oripinal prineipo) o~M of fiN (oan, iA~noiMr, ptipo~at ~
tl~~ ~ntin v~poid p~ncipol will b~ p~rwiM~d witho~t p~wdtp. Tb~ poyw~nt of b.y~~ su~a in oddifioa 1o tA~ poyAwnb h~nin r~qvind ~twl) aot
nU~w 1-~ wak~n of tM poyon~nt of tM won161y iotfolbneMS h~rein prorided for, un:~» it is spec~6coll~r ~fipubltd bp fb~ mok~n ot fM fia of
popw~at Nwt wd~ brp~r wst o~~ to b~ oppl'Nd to th~ odvanc~ par~enl o( th~ awolhlp instollwnri n~at soNrino iw tM ud~r of lMir dw doMa.
ih» oblipotion ~holl b~or in»nst froe~ dot~ of M~ rah of Four teen pK p~~ ( 14 .~)
p~~ onnvw ~nti) 1h~ principo) and inl~nsf on fullp pcid.
A pap+Nnf is d~linqu~nf ond this nof~ J+oll b~ consid~nd in d~fa~h wMn ony popNwt r+quind b 6~ u~ad~ h~r~inunde- shoil not haw bMn
mud~ within fiftNn doys folbwing i+s dw date ond ~1wp nwoia ie d~fwh until wid popw~nt iAoll I~aw bNn wwda Whil~ in tb~ fint ~wnt6 thot
oeqr poyweM is d~linqu~nt, th~ Associofion sholl how tA~ ripht_ w npYir~ ond nc~ir~ popNnt of not ~on thoe 3% of M~ opynpah oa~oYnt of
principol ond inbnN included in ood in eddilion fo th~ d~eqwnt payw~nt.
'All nwk~n oad ~edon~n non or h~r~oft~r b~caniny paAies h~nb jointly ond s~verally woiw denwnd, noY~n oi now-popw~nt ond prpl~d, owd
oprt~ fkat ie t6~ ~v~nt d d~fcuh ie tM paye~nt of ony insrollenenf due herounder or in th~ evenl o( ony d~fauh und~r th~ morfpop~ d~~d sKUrinp
this not~ IA~ whol~ of wid ind~bNdn~~s sholl th~rwpon af th~ opfion of t'+e holjer, beto~we i~n~tdioNlp dv~ ond poyobl~, ond if lhit noN b~cow~s
in d~farh awd 'n pbnd in tM honds of an attorn~y for colbction, to poy nasonobl~ anoreNy'a fsss ineludinp buf nof liu~ihd M, oH i~ and ewM
inctd~+N b awp oppwk which way nwk, and otl~~r co~h (or ewk~ny sucA colkction.
(Thl~ woN i~ wcvnd by o worlpap~ of ~wn dah ~:~cufd by tM moken in fovor of How Federol SovinOs und loow Afwciotios oI Pal~ Mach.)
/S/JOHN S. WISE /S/ CATHERINE R. WISE
.. _ ........
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. ...JOHN._ S.....WTSE..... _ . ... CA~HERtt~lE-..~t.~.. .~.~.9£...._...... .._... ~
__ . ....... ............_.. .... ...._ .. .
(SEAI} . ... . . . ...... .... (SEl1l)
*~ A PREPAYMEhT PEI~ALTY WILL NOT BE ASSESSED IF THE LOAN IS PREPAID
~$Ql-1 ^H F ARn '~:F:DS OF AN RMS LENG - H Ca~YAhCE.
and shall promptly perform, comply with, and abide by eacli and every the stipulations, agreements, conditions, and
covenants ef said promissory note and of this deed, then t he estate hereby created shall cease and be null and void_
AND thc Alortga~or does hereby covenant and agree:
1. To pay al! and s~nq~'ar the pr~nctpal and [nterest and other sums of money psysble by v~n„e of sa:d prom~ssory note and th~s rrortgsge, or e~~her,
p~ompely on the days ~esppcr~ve!y_ ihe same severslly come d~e.
2. To pa~ all a~d s~nq.lar r~:P ra*es, as-essmenes, lev~es, I.ab~l~r~es, obGga~ o~s a~d inc~mbr~nces o; eve.~ nature on sa~d descnE,ed properry ea:h and
r.cr; wh.n c+„e and pa,ab'e atccrd,n~ to faw, b~fore they become de'~nquenf, and if rh. sa-rP s'~a" rc+ ~ c G•o^+ptly ps;~ the Idor,gagee may at any time
.~he. before or arre. de! n~uen~~ pay th. same w~:ho~t ws:v~nq or affecring fh~ opi~on ro ~o~e:~cse, e. eny r,ght Fereunder, snd every pa~men~ so made
e~ alf beat ~nttrest from Ihe date thtreof at the same ratt as the mcrtgaqt no}t, payable semi-annwlly.
3. In order ~o prov~de fw the payment oi ta~es, asusvnents, ~nsv~a~ce p.em;~rns, and other annwl charges upon the properry secw~ng ~h~s indebt-
e~ness, I prom~u to pay monrhly to the mo+tgager, ~n addit~on to the above psyments, s svm rsnmated ro be equ~valent to 1/ 12~h of such ~tems, wh;ch
payment may be held by ~he mortgagee and comm~ngled w~th other f~nds o. ~rs own funds w~thovt ~nrerest Io• rhe payment of such ~tems. If the smount
esr~mated ro be su~f~uent to pay sa~d ~tems is not suff~ue~t, I p•om~se to pay ~he d~ficrence upo.+ demand fhe provis~ons of th~s paragraph are so~ely fw
rhe added protect~on o~ the mo•tgagee and enta7l no responvb+l;ty on ~he mo.rgagee's part beyond the allowancr of due cred~t, w~rhout ~merest, for sums
acfwlly rece~ved by ~t Upon rhe occ~rrence oi a defa~lt under thfs mor~gage, the mo~tgagee may apply all w any part of rhe accumulated funds fhen held,
upon any obLgat~on xc~red hereby
~• io ~e~p fhe 6,.!d~ngs and a!I equ:pme~t snd personal property now e: nerea~rer o~ sa~d p•em~ses, covered by th~s mongage. insured in a svm ~t
le~st cqva! +o rhe ~np.a;1 ba~a~iP c~ rh~s morrgage, indud~ng bo~h fire a~+d e.fended cove.age ~nsurance p•o.:ded, however, that such ~nsora~ce be ~n
•~nounr wlt,~.~r,• ro ccmp~v w;th ~n~ ~o-~nsv.ance requ~.ements cover,ng s~me under rF.. taws of r4e S+a•e o1 F~orida. and prov~ded (~rther thar f6e polfq
o. poi~c~es sha!! b~ w•~~ren ,~ a compa~y o~ compan~es and through ao agency sa•~s~acrory to rhe -J!orrQagr and that ss~d poflcy or polic'es sh~ll be he~d
b~ the Mo.rga;e~ a^d shatl brar a+~a*da.d New York Mortg~gee Clavse w~thovt ccntnbu~ion, ma~~rg the ?oss vnde. sa~d poticies psy~b!e to ihe Morrgyee
•s ~rs m~eres! mdy appear, and ~n th.. ~„e~t a~y s+~m of money becomes psy~ble ~,nder any svch polfcy or po!:c~es, the Mortg~gee sh~ll have the opt~on to
reca~e •nd apply ~:,e eame on acce~~~t of the ~ndeb~edness hereby secured, o~ +o pe.mit ehe Mortgaqor to rece~ve and use it, o- any p~rl thereo/, for dher
p,rposes, w~rhavt rh~reby ws~~ ng o~ .mpa,nng any eq:"ry, lien, or right under ~nd by v~rtve of thn mor!g.sgt and +n the event rhe Morrgagor does not
comply w,rh rh.s co~e~ant the Mo~~qagee msy p!ace an~ pay 1or :uch ins~rance or ~ny part the~eo( w~~ho,t wa~r~ng or ~(fecnng the opnon ro fcreclose,
o~ a~y right hereurder and eacfi and every payment so made shall bear ~~terest from the da}e ~Fereoi at the same rat~ as the morsgage no1e, p~yable aemi-
annually.
S. io ptrmit, commir or ~uffer ne watte, imp~irment or det~r'wr~rion p( u~d propery, pr ~ny part thereof, and upon tM f~ilure of th~ morty~ypr to k~~p
tM build~np~ on u~~ poperty in yood co~ditan of repair, tM Nbrtpye~ may demand tn~ immed,ate repair of a~id build~n~t, o~ ~n incrt~s~ in rhe ~mount
of securiey, or rM ~mmrd~~re repaymeat of the dsbt hsrsbp iecured and the f~~lurc of tht Mortpa~or to canply wirh said demand of tht Nbrty~pe~ for a
p~riod of thirty (;,0) d~ys. ~h~ll consr~ruu a breach o1 this mptyap~, ~nd, ar rhe opfion of tM Morty~gee, imneediarely matur~ d» Mi1iN ~mw,m of princi-
pd ~nd inrerest hcreby secured, ~nd ~mmed~~rely and wi:hout notic~, tM JNonppe~ m~y insriwre proc~ed~np~ to forecbs~ thu mortyp~ and ~pp1y fw tM
~ppo~nrrrKnt of ~ Recen~r, ~s here~nafter provided. ' ,
6. To p~riam, compty with and abid~ by eacF~ ~nd tvery itpulation~, preemenn, ca+d~tion~ and cov~n~nts in uid prom;uory not~ u+d dNd ~t forth.
eooK345 ~ecE ~ ~
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