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Home My WebLink About2819T6e Mortgagor ne~eby covenant,s with lhe Mortg~gee. thaL he is iadetewRibly aeized oi said l~nd in tee aimple or such ot.ber eststes ti u-y as ie stat.ed harein; Lbat he hae full powe~ and i~wiu! right t,o ooqvev t~he seme a~ uforeaaid; tbp~ the Irnd ia iree ~rom all encumbrances except as herein otherwise recit~ed; th~t aaid~iortgagor will make such lurtLer asaurances to provo the ~toresaid wtle to said tand in said Mortgagee ~a m~y be renson- ~blyreq uiced, and th~-t said l~iortgagor does hereby fully wruran~ the Litle to said land~ aad svary put W-eroof~ and ~rill defend t,he aama ~iast t.he lawful claima oi all pereons whomsoever. PROYIDED ALNAYe tbtt If ~be ~ZO~~igO? dbLu ~~ UIILO ~ MOllgiged WLL l~~ttl~ pT0~118lO!'~1 DO~~ ot which tLe tollowiug is ~ substwtisl ooPf~ to wit: ~, = 66 , 000 . 00 Lake Worth , Florida, ~~~. /7~1981 . Foa VwLUS Rscuvsn, the undersi~ned promise(e) to pay to FIRST FEDERAL SAVINGS & IAAN ASSOCIATION OF LAKE WORTFi America . s oorporatioa orgaaised and e~oatina under the laws of the United States of /, or order~ the principal aum oE SIXTY-SIX THOUSAND AND NO/100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Do~lers (i 66 , 000. 00 )~ with inte~est from dste d t6e rate of Thirteen and One-half per centum (i3.50%) per aanum on the unp~-id beJaaoe unW pi-id. The eaid principal and interest ahall be payable st t6e o~oe ot ' FIR$T FEDERAL SAVINGS AND LOAN ADMINISTRATIVE CENTER, 2601 lOth Avenue North, ~ Lake Worth, Florida 33461 ~ or st such other plaoe sa the hdder may deaignste in writing delivered or meWed to the debtor, in monthly installmente otSeven Hundred Fifty-six & 36/100 Dollare (= 756. 36 ). commencing on the firat day of April , 1981 , and oontinuing on t6e firat day o! each month thereafter until thia note is fully psid~ except thst~ if not eooner psid, the final psyment oi princapal and interest shall be due and payable on the first day of March ~ 2011 .* privil8g~e is reserved to prepay st any time~ without premium or fee. the entire indebtednees or any part thereot not less than~e amount o[ one iasta!lment, or one hundred dollarc (;100.00). whichever i~ less. Prepayment in full s1raU be credited on e date receired. Partial prepaymenl, other Wan on an inaWiment due date~ need aot be credited until t6e next foiloaia~ insWtment due date or thirty days after such prepayaieat, whic6ever $ eulier. If any deficiency in the pay ment of any installment under thia note ie not made good prior to the due dste oi the ne~ct such inatallment~ the entire pruicipal sum snd accrued interest ehall at once beoome due and Fsy- sbla wiWout notice st the option o! the holder of this note. Failure to eaeir.iae this optioa ehall not oonstatute a waiver of t~he right to exercise the same in the event ot any subsequent default. In the event of default in the psyment of thia note, and it the same ie collected by an attorney at Isw, the undersigned hereby agsee(s) to psy sll coste of collection, including s reasonsble attorney's fee. This note ia eecured by mortgage of even date eaecuted by the undetsigned on certain property described therein and represents money sctuaUy used tor the acquisition of eaid property or the improvementa thereon. Presentment. protest, and notice are hereby waived. Additional monthly payments shall be made to establish and maintain a ~~QN~,D P. I.AN'PZ ,~ (ggAL~ non-interest bearing escrow accourit for payment of taxes and insurance. ~S~BQ(?7`i A_ LANTZ ___________ ~ggAL~ ~38AL~ i ' ~~L~ And ahall duly~ promptly, and fully perform, discharge, execute, effect~ complete,~and comply writh and abide by each and every the stipulations, agreemeats, co~ditions~ and covenaats of esid promiseory note and ot this mortgage, then thia mortqege and the est~te hereby created shall cease and be nuli and void. The Mortgagor further covenants as followe: ' l. T6at he will pay the indebtedness, as hereinbetore pmvided. Privilege is reserved to prepay at any time. without premium or fee. the entire indebtedneas or any part thereof not less than the amount of one inatallmeat, or one hundred dollars (s100.00), whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, other than on an installme.ot due date, need not be credited until the next [ollov~ing installment due date or thirty days a[ter such prepayment, whichever is earlier. 2. In order more full~• to prote~t the securit~- of this mortga~e, the 1~iortga~or, togeth~r with, and in addition to~ th~ tnonthlr pa~ments under th~ terins of tl~r r~~tr s~~ured h~reb~•, on thr. first da~• o( each mon~l- until tl~e saicl note is full~~ paid, will paj•. to th~ ylort~s~~e, as trustee, (und~r th~ t~rms o( this trust a.5 herein- after stated) t1~e following su~ns: (s) A eum equal to the ground rents, if any~ next due, plua ~he premiuma that will next become due snd payable on policies of St+e snd other hsaard inaurance oovering t6e mortgaged property, plus tanes and assessmenta ~ neat due on the mortgaged property (all sa eatimated by the Mortgagee and of ~vhich the Mortgagor is noti6ed) leae all sums already paid therefor divided by the number ot moaths to elapee before one montb prior to the date when auch ground rents, premiuma, taxes, and aeaesamenta ~rill become delinquent, suc6 sutna to be held by Mortgageeintruattopaysaidgroundrents,premiums,tauee,aadspecialassessmenta. ' (b) The aggregste of the amounts peyable pursuant to subparagraph (a) and thoeepayable on the note secured 6ereby, ehall be paid in a single payment eac6 month, to be applied to the following iteme ia the order stated (I) ground reats, ta~cea, aseessmente, fie+e, and other hasard insurance premiuma; , (II) intereat on the note secured hereby; and (III) amortisation of the principal of said note. Any deficiency ia the amount of such a~reRate monthly psyment shall, unless msde good by the Mort- gagor prjor to the due date ot the next such payment,, const~tute an event ot default under this mortgage. At Mortgagee's option~ Mortgagor will pay a"late cl~arge" not eaceeding fow per centum (4°fo) ot any install- ment when paid more thsn 6fteen (15) days atter the due date thereot to cover the extra expense involved in handling delinquent payments, but such "late charge" shal! not be payable out of the proceeds of any sale made W satia(y the mdebtedness secured hereby, unless such proc~da are sufficient to d~scharge the entire indebted~esa and all proper costa and expenaes secured thereby. 3. If tl~e totel ~f th~ psrm~nts mad~ b~- the Asort~ugor uncler (e) of para~raph 2 pre~edinR shall exceed the amount o( pa~•ments aclunll~- mad~ b~• t~~e StortKaKer, as truste~, f~r Kroun~l r~nts, tnxes and as.gessments, and insuranre pr~miun~s, B.g ~IIP Pg4P 1118\~ br, 4UCF1 PXCPSS SIIgI) I~ C~Pl~11P(I Ofl SU~13P(~Ll'Ilt ~M}IfiIED~B LO bP III~C bv ihe :Vlortga~;or tor su~li itemg or, ut MortgnRPP's option, a4 truste~, sl~sll bp r~funded to Mortgagor. If, •however~ such monthh• pa~•ments shnl) not IM suffi~•i~nt to pa~- su~h items when the same ahall become due ~ and ps •able, then the ~tortKa(~or shull pn~ to th~ ~tortRefi~~•, ag truste~, nn~• amount neces.gary to make up the de~~ienr~~. Such pa~•rnrnt sliell bP ~nade within thirtv (:i0) darc after K~ritten no~ice from the Mortgagee ~ etating t6e amount ot the deficiency, wl~ich notice msy be given by mail_ If at any time the MortRagor a6~ll ~ J nx ~ ~ ~ -~ ~ ~ ~ ~ '"K,,.,-.±~ .. .w+_ . ' E ~~ ' .. : .~l ~ v~^ `.~ -r~~~ ~ur-+.`fis~1~ 3.°°_-.h 'e...'v 3N^^d` _e..'e~