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HomeMy WebLinkAbout1032 Begin at a point 245 feet North and 33 feet East of the Southvest _ corner of the Nii 1/4 of the SW 1/4 of Section 31, Towaship 34 South, Range 40 East, St. Lucie County, Florida, run thence North parallel to the Weat line of said NW 1/4 of SW 1/4, 140 feet; thence East parallel to the South line of ~sid NW 1/4 of SW 1/4, 633 feet; thence South parallel to the West line of said N~i 1/4 of SW 1/4, 140 feet; thence West parallel to the South line of said NW 1/4 of SW 1/4, 633 feet to the Point of Beginning. i l j together with all rights, i~erests, easements, hereditaments and appurtenances thereunto belonging, the rents, issues, and € Qrofits thered and revenues and income therefrom, all impcovements and personal property now or later attached thereto or ~ reasorebly necessary to the use thereof, ~ncluding, but not limited to, ranges, refrigerators, or carpeting purchased or fiaanced ia whole or in part with loan funds, all water, water rights, and water stock pertainirtg thereto, and all payments ~ at any time owing to Borrower by virtue o[ any sale, lease, transfer, conveyance. or condemnation of any part thereof or ~ ~nterest therein-all of which are here~n called "the property"; TO HAVE AIVD ~'O HOLD the propert}• untu the Government and its assigns forever in fee s~mple_ ~ BORROWER Eor himself, his heits. executors, adm~nistrators, successors and assigns WARRANTS THE TITLE to the ~ property to the Government aga~nst all lawfui claims and demands whatscever except am~ liens, encur~brances, easements, ~ rrsc•rvations, or conveyaaces specitied he?einabove, and COVENANTS AND AGREES as follows: (1) 1'o pay promptly wl,en aue any indebtedness to the Government hereby secured and to indemnity and save harmless ~ the Government ap~inst any loss under its insurance of peyment of the note by reason of any default by Borrower. At all ~ times when the note is held by an insured lender. Borrower shall continue to make pay~r~ents on the note to the Government, as collection agent [or the holder. ~ (2) To pay to the Govecnment such fees and other charges as may now or hereafter be required by regulations of the Farmers Home Administration. ~ (3) At all times when the note is held by an insured lender, any amount due and unpaid under the terms o[ the note, less , the amount of any annual charge, may be peid by the Government to the holder of the note as provided in the insurance ~ endorsement tor the account of Borrower. Any amount due and unpaid under the terms of the note, whether it is held by the ~ Government or by. an insured lender, may be credited by the Government on the note and thereupon shall constitute an _ advance by the Government for the account of Bonower. Any advance by the Govern ment as described in this para~ravh shall ~ bear interest at the note rate from the date on which the amount of the advance was due to the date of payment to the ~ Govemment. s (4) Whether or not the note is insured by the Government, the Government may at any time pay any other 2mounts required ~ herein to be peid by I3orcower and nat peid by him when due, as well as any costs and expenses for the preservation, pro- ~ tectian, or entorcement of this lien, as advances fa the account of Borrower. Alt such advances shall beac interest at the rate borne by the note which has the highest interest rate. ~ ~ (5) All advances by the Governcnent as described in this instrument, with interest, shall be immediately due and peyable ~ by Borrower to the Government without demand at the place designated in the latest note and shall be secured hereby. No ~ such advance by the Government shall relieve Barower from breach of his covenant to pey. Such advances, with interest, ~ shaU be repaid from the tirst availabie collections received (rom Borrower. Otherwise, any pay~nent made by Borrower may ~ be applied on the note or any indebtedness to the Governme~t secured hereby, in any order the Government determines. ~ ~ ~ ~~,~x ~5 ~~r ii~32 ~ ~ - ~ . ~ - ~ ~ - ~ _ _ . - r~:~