HomeMy WebLinkAbout0448 ~t~ , ' t~.i~ ~
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To pl~a and oont4wio~aly'k«p on a.~ buildi~ now « Mniftw ~MwN on ~aid I~d ~nd on .11 ~qulpn~M and p~rsonally aowr~d by fM~ maq~
witA aN pnmiwn~ tMrwn p~id in fvll, fin in~urana M tM wwl uand~rd Policp fan~, tn a wn+ approwd b~r tM MORTW?GEE, and windarorm
irawana ie N» vawl ~tw~da~d PdM? knw In ~ wm approwd by tM MORTG~3EE, in wd~ oomP+~r a oaep~nNs as th~ MORTGAGEE n++r
~.a, «~e! d~ w. «+d ww~d.wnn inw..no. poltaa on anr of ,+w a,tldw~p~ +n~? iM~.a t1w~ o. par? tMr.of~ in th. .ppnO.t~ .we .fora.w o.
h~xas~ tMrwf, ~MII caM~tn tM uwal q~ndard morp+p~ dwN a wd~ whn dwN a M+~ Mortp+pw nwY nqein,, nwkiro tM low u~dK aW poli~
dK ~ad~ Md wKy. WYabi~ b Mid JNORT~i/1GEE a N~ In1NNt nNY ~PP~~?. Y~d Mth Mld Rwry suCh polky ih~ll b~ prOmpMy aqfpiNd and ddivN~d f0
any h~ld by s~id MORTWIGEE a furthK ~cwiryl M uld mo~tpp~ d~b~ and, not Ma tlw~ Nn (1~ da~rs In ~dvana of tM ~xpk~tion of ~+d~ policl?.1o dr
IivM M Nid MORTWIGEE a nn~wai tMhof. toptthK with • naipt fw th~ pr~rt~iwn of wth rMNwa4 ~nd tl~ slMll b~ eo fin w wY+ehtam IrMw~na
pi~ad on an~r oi wid butMinp~„ a~y intKat tMrNn a p~rt M~wf. unla~ in tM fors~ and wNh th~ las payabN ~a aion~idt ~nd in th~ wM+1 +nY wm
of moMy b~oor~w payabN w+d~r wd? poliey a polieiM ~+id MORTGAGEE ~IwU Mw N» option a r~iw and appiy tM s~m on ~oooueu of th~ ~td~
Mss wcund Iwnb~r a b pKmM wW MORTGI1GOItS b ~~alw and uw M a ~ny p~rt tMr~of ior othK purpw~a, without tMr~by waivinp a impak-
inp +nY Wuih?. It~n w ripN wdK or b~? v41w of IhR nw~pap~t ~nd M tM ~vMt wW /NORTGAGORS ~MII fo? any nawn faq b kNp th~ wid pr~ w
~•.d o. t.a a d.~~« w«~ub .m? o~ ..b ~~a.. of ~+w?.~. w:.:d ~Tw?c~. w f.s?-~rb wr fi+~h «w w«~~+ ~.to. a w~
nspW fap b p~rforrq, diadwq~, ~xscvt~, ~ffW, oanpNt~, aomply with and abkl~ by tAis cov~~ant, a~ny put I~wf. uid N10RTGAGEE n+ay plaw ~r~d
WY for wch tnrwanoe o? any put tFiuwf witF~out w~lvino or affKtinp +rM eMlon, licn. puib. a rqht ur~ a bY virtw of tNt Morqapy ~nd the
full ~mowN of ~ach and ~wry wcl~ payrtnnt shall b~ Zm~di~tely dw and pyabM ~d ah~il bw htKat fran th~ dah tMnof vntil p~W d th~ r~N of
nin~ pn aauua~ pa arrwm and to~tl~ with wch intKat sh~il b~ s~tvnd by tM INn of tl~is morppw
4. To pwn~il, aonndt a svffw no waq~. imP+innMt or detKioratio~n of wid prop~rry or aery~ prt tlwnof.
S. To p~ all and sirg~dar tM aosM. c!w'pK and ~~cpNw~, hdudkp s nasawbM mom~~/s fN ~nd cotts of d»huls of Ntl~. incwnd or pafd ~t
any tie~ by s+id MORTGJIGEE. b~es~ a in tM w~nt d tFw faih~n an th~ pa?t of tM said N10RTGAGOR to dvly. pra^Mh? ~nd fu11Y P~~.
~xavt~. ~fhct. oornpltt~, oanP~Y with ~nd abid~ by ~ad~ and wery tM atipul+Ywrw +ans~~~s. aond'dlon~. ard oov~eb of Nid pramis~o+y noN and tF~
mo~t9ap. «~y or «tlw.. .nd sa+d cost~,. charp~s +^d axp~w~, wch +nd wKy. ~ha11 b~ Lmndl•t.iy dw and pay,bl.s wMth.. a na ther. b. ~aio. dt ~
mand, ~ttempt a aoll~et a wit pMdirgt and th~ full amoum af ~ad~ and wNy wch payment ~MII bw int~ns? han ~M d~h tFwwf ueail p~id ~t th~
~ate of nirw pa otnt~m pa ~wmt ~nd all wid aoats. dwryp ud ~xWm~s ina~rnd ot W1d~ topNMr with such int~~s4 ah~l1 b~ wa+nd b~? 1M IiM of thi~ ~
,~ro+~.,, 1
6. 7twt W M~ th~ wNM of any brwch of tt~is Map+p~ a d~fwh oo tiy p~rt of tM NWRTGAGOR. or (W in th~ ewnf ~ny of ~id wnn of mon~y
F~~in nfs~nd w b~ nw pranptly snd fully p~id within thiny l30) day~ Mxt ahw th~ ssm~ wvKaly b~comt dw ad WYable, wi~hout d~mand w notla.
or (d M tM ~wnt ~h and wuy th~ stipul~tion~„ ~pr~enwnts. eonditbea snd oov~nants of wid prani:aory ~wt~ and tM mwt~~ any a ~ithM ~n nol
iub. P~~^W~Y uid ivlly p~rfarmad, d~sciwry~d, ~x~cvted, ~ff~eted. canPbt~d, wm~li~d wNh and ~bid~d by, tlwn in ~i~M? a ~ny wd~ ~w~+t tM s+id ag
p?sp+» aum msmion~d tn aaid p~omfs.ory no» rh.n nmatnt~p unp~id, wnh iMa.u aarwd and all mor?.ya ..arnd h.rsby. ~II b.aoew dw and P+r
abl~ forthwith, or tMreaha. d tM optioe of s~id MORTGAGEE. .s t„ty «d oo~.r.y a N ~II of ths s~id wms of nwn~r vwn o~gin~lly atipul~t~d
w b~ p~id on wch d~y. ~+rtl~inp in s~id pranissory note or in this Mortype to tM aontnry nwwithstandinpj ~nd tM~wpon or tMnafhr at tM option of
wid MORTGAGEE, without notio~ a dMn~nd, svit at law a in puitp, tlw~for~ a thrwfra b~pun, m~y b~ paowcuqd a H ~II momya s~aind Iwr~by
had matvred piar fo iri imtilufion. ' '
7. Th.t tn th. evsM that at ~h. beyt~nirp of or at ~ny tims pendtr?p any ,ui1 uPon rhi~ M«ryay., o. ro io.«1a. it, o. to nf«m ti~ or w.nioro.
paynwnt of any dawr~s Iwrwndsr. ~ald MORTGAGEE sMtl apply to ths Cairt havinp j~isd'rction therwf for tM sppantnant of ~ R~oeiwr, wd~ Caxt shali
forthwith sppoint a ~eceiver of s~id mortpaped prop~rty all and aGgulu. Includinp sll and~~,~ tFy~.Incans. profits, bsws apd tw~w~s hom w1?atw~r
iburo~ d~rirad. ~ach and ~vary of which it beinp ~xpressly w~dsntood, is Mreby morf'p a i~''sps~ificit!* tet fath and de~a~'b~d tn the prantkg ~nd
Mbenduen davs~ hereof. ~?d such Reahrar shall Mw all tM broid and effeuiw functions ~nd powNS tn anywise antnnNd by ~ Court to ~ Rsoeiva, snd
wd~ ~ppointmsnt shall b~ n~ by such Cairt as an admitted puity snd a m~tt~r of ~bsolu» ripht w aaid MORTGAGEE, aod without nf~reno~ to the
•d~qu~cy or kadaqvrcy of th~ vslw of the propKry mo~~ap~d or ro the solwncy or iraolvency of said NWRTGAGOR a th~ defMd~nes, and tMt wch
renls. ProfNs, inoona, asws and rewrw?~s sh~il b~ applisd by suth Rsoeiw~ ~ooordnp to tM liu~ or equily ot said MORTGAGEE and the prattio~ of tuth
Gowt.
8. To duly. P~Pt~Y ~h? P~~. di~lw?y~, ex~cuts, effsd, owry~kt~, aomplY wHh and abid~ by ~ach arw! rwry th~ sNpulatio% ~D~+1s.
oon~tions and aav~nants in said promiuory not~ ~rd this mortype set forth.
9. ilwt in Me weM tM ownership of the mor~q+ped P?~mi~es, w ariy part thKeof. baoanes wstad in • p~non wlw~ Hwn th~ MORTGA(iOR. th~
MORTGI?GEE, its woo~sson snd assiQru, may, without notiu to ths MORTGAOR, dssi with such s~oceuor or wooessor in int~rest with rofehnc~ to this
mafpa~ and tM d~bt I+ereby s~cured in th~ wr» mam~r as with Mortp~or witho~t in ~y way vitistirg w discharpirg tl~e Mortyapon' liability Fbr~-
undsr a~ipon tM debt hereby sewred. No s+k of tM premises hereby mor~paped and no forbearanoe on th~ put of th~ NIORTGAGEE or its woaswrs
or ~ssipm ~nd no ~xtanion of the time fw the payme~t of th~ debt hereby ~earred y~wn by tM MORTGAGEE or its uKOessors a~stiyns, sMll opaatt
ro ~~I~ase, d'iidwr~. modifY cha~ a aff~ct ths oriyinal 1'wbiliry of Me MWRTGAGOR hsreiA, aifF~sr in wlwl~ or in part.
l0. It ia sp~cificaily ~gned th~t rime is of the assenoe of this oontract and thst no wsive~ of a~y oblgation herew~d~r « of th~ oblipation sr
cwed h~r~by sh~ll ~t any tirn~ thereaftv b~ heid to be a waivar of tiw tMm hereof w of ths i~ntnxr~em seaned haby.
11. In addiYw~ to the foregoirg monthiY p~yments of princ:pal and interest requircd by t}li prom'~sswy note secured hereby, mortypw eown~nts
and ~qr~es to pay to mortyayee with each monthlY payment an additionsl swn estimated by mortyagse to be eqwl ro 1/12 of the arvwal cost of tMe fdlow-
ing:
A-All real property taxes I~vied w aussed agsinst the above descrtbed real estaro.
B-Pramiums on Pue snd windstam :-nwana ~s herein raquirod to b~ cemie~ oo the improvame~ls sitwte on ths abova describsd premisa.
C-Prcmiums on wch mort9a~e ywranty inwrance as mort~ee sl+all from tirrr ro time deem fit to cury on the loan secured hereby.
Morty~ye~ shall from tirnt to time notifp mortyspor in writirg of the ~mount due and payable hereurwJer snd such wm sh~ll tF~eupon bs dw +nd ~
~ payable on the due date of ths ~ext monthlY WY~+~ and exh waasiw month thereafter until mo?tgagse shail ~olify mortqagor of a chan4N in wch
amount. Sud~ wms shall be applied by morty+yee towud the paymem of rosl property tsxes, insuranos premiums, and mortpape yua?anty inw~ance
( pramurns.
; IN WITNE55 WHEREOF, the said MORTGAGOR h~s hereunto s~t his hand and seal ths day ~nd yeu ~nt sforetaid.
I iprNd, 5~ ~'d and r~d in th~ pra~?a~ oh
~ .r~
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re~.n
STATE OF fLORIDA ~ ' i
~ St . L, uc ie
~~~„~,,,~w.~..~a Malco lm G. Nel son ~ ,~,d i
MarY S. Nelsoa hi. wife, w e» we~~ knoMn+.na wwvin, to e» +o b.
th~ kdfvidwb d~w~ed In and who uc~wt~d th~ far~poirg iratrunww, and acknawi~dp~d b~fon mt th~t they auwt~d tM wn~ ior tM purpa~s
/yd ~ .,ta M ~ 5 Nelann
,~h Malcola G. Nelson ° , „P,~, . ..p..r. ,~,a ~n,n. ;
.xnnin.tion by ew t~k.n Np...t~ and apart han 1+.. s.td Mnband. «knowMdp~d w aad befon m~ th.t th~ .~uamd s.id inatnnn«d k.ely and rolwr ,
ruty and wNha,t anr aon~pulsloti oon~nNm, pp~ion, M fwr of a fra~+ hr s+id lwabr~d. '
WRNESS n,ry Iwd ard offici~i wal 1hk ~3~+~f d~y of p ober ~i, c. 19~ [
, 1
Noqry in and 1« th. suu d Horw. ~t Laro.
""y '~p.." ~ C, ~!6 ~
RMwn Toa .
fiq F~~I S~rinp~ i Lo~n Aswd~tion . . /j~~ ~t! O~ F~~ i: ~
Of Fwt PiNn. t,1~ i~ ~Y,. ~I. h~
fort ~i~rca Naida t,.. ~ W W~c YI~~ S~ ~
~
_ . • . _ . ~
~ ' ' { ~ ~ F~LEO AND RECOROED '
' r = ST, lUC1E COUNTY. FLA.
This irst~ument prepar~ ` ~ ~ . • ~F"n~n bFR~FiFC
First ederal Sar. a Loan A
sn, ~ f,`' Y~ : :
of fort r~~' . Q•., ` .l.'7~~ ~
:
' ~ ".."~,Y~, '68 QCT 24 PN 12 : 06 =
. s. . . ~
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~ ~ a~ti74 ~ 4~ t,.~ ~ocER ~oiTRas i
; ~ ERK CIRCUIT;COURT: . z . i
t - - . : f ~ c!
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