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Home My WebLink About1631 . ~261 1 ~ C~ 1 . ~TL'~ ~~~Gttt~s ~ ~tt,, ~~QI~iM~t.OZt Af ~~thD~lE~ ~Ipltrifp , rna ~oeTO+~oE o~. ~.~w.a 6th ----------------__d.r of Ju ly_------------------------. iv_73-----• br EDMfIN NELSON and SYLVIA J. NELSON, his r+ife her~fhr utbd d+~ Mo~ppo?. whicA t~em aMll incluel~ sinqulw or plwa4 corpontbn a individwl ~nd ~iri+N s~:. ~nd ~ha1t tnctud~ tM M~n. Ipd r~prr s~nt•tiva, waNw.a ~nd sugns oi rM Mortppw, ro FIRST Ff~ERAI SAVINGS AND IOAN ASSOCIATION Of OKEECHOEEE COUNTY, • capw•rwn undN iM l~ws d~ Uoiad Satss d Mw~ic~, Mr~inahK ull~d th~ /lssoci~tan, which t~ne sh~ll inclvd~ th~ succ~ssas a~+d asigi+s of ~M uid A~Kaw~p1. W1fi~tiETN TIIAT. 1AIflREAf. th~ Mortgs~w is ~ ~wnbtr, of~tM Associatioe, and ha ncNwd • Iwn from tM Aaoci~tion wher~by tM Mo~t~ap~~ ~(uttty ~.+debqd a tM A~soci~tion. whid+ ind~b~edrwu is IiK~by actnowl~do~d and ~s ~videnad by • car~tn pan;swrr nw~ of wa~ da» h~.ewi~h ry~ by tM w?o.,~.~..,,a P.v~• w~n. ~ tr~. a~P.i ~_TttLRT_Y_ T4'~?_4 IH4!l~ANi2_INAE~_HUI~BEi2_ANIZ_N01.~110=-- oo~w~s• : (j 32 a 3Q0! ~Q -------1 ~op~tM~ with iettr~tt u ttaqd tM~~(n, s~id ewN b~inp in standard fwen ard proridinQ, amp?p oth~ _thinps ~p~ w~rtiatd - ~ monMhr paynwnb fncM+~~ &~t~?qt vpa~ tM princip~l fAa~ot, Istt c1»rp~s, provisio~? ia pr~paym~nr, ~cula~ation of principal in th~ ~t ot d+fKlt. to" 9erMr with ~ ctw~ providinq fo? 1h~ paymMl by fh~ Matyapor of attorMy's i~u ~nd cwA of cofy~ction. TM provisioro of tuch net~; b, whieM„~~fNenc~ K Mn~n ~nad~. ar~ by nfKa~a m~d~ a put of thii iruuum~nt a ~houpb tM ~+n» wrK~ f~lly s~~ iorth henin. ~ ~ kOMI THK MOtTGAfiE DEEp. MIRNEfSETM. lhar MK uid Mw~ppa fa t!» Mtqr s~cwirg of ~I,~ uw~al wnq of ~noewy m~nttoned in ~l,~ s~iA ~f*. dws ~+..eb~r ~r+m. b+rp+in. s~11, ali~n. nmis~. r~ba~e, oonv~y and co~firm onb aW A~wcinion. M fN sinww fonve+, tM foltowinp described ~end..of ~r~trch said Mortpayor is now s«ud u+d poa~swd and In actwl pos~sion, situa», h~^O +~d bei~D f^ S - ~ow'*I. Sriro of Fbr~da. ~no n~w~ prtiwlulp d~wib~d u followw- !il G I K Lots 60 and fil, Block 26, INOIAN RIVER ESTATES, Un~t 5, accordtng to the plat thereof recorded in Plat Book 10, Page 58, Public Records of St. Lucie County, Florida. ~ w Mw~rt aF notts ot~ o~ a~ss ~ i~rt~i~ r~soru~ ~RO~~n. PURStNllfi TO.dW1ER 71•134. I{~t,7S OF Iyi~. ~ aocEa ro~tru.e (t~ERI( C11lGNT COURT. S~. LtN:~E 00., FLA (Florida Docam+entary St~n?ps in the sum of 48_45-------------- haw b~en affixed to the oriyind not~ ~nd uncclled.) TOCfTM@ WRM ALL A!m fIN6ULAR TNE tENEMENTi, NEREDRAMENTS AND A??URTENANCES ~nd atl structures ~nd ~mp?ovem~nts now and her~after o~ sa~d I~nd and ~II fixtwes m~ched thereto, together w~th all renta, iuuei, ~nd profit~ ~ccruinp irom said p~em~us, ~nd all g~s, steam, electrlc, water, ptumb i:.g, liphtirg, venti4tinp, heatirg, and/o? cool~rg sy~tems, wi+ich now an o? m~y b~ in or on uid premiscs ~Iwuph thty b~ detached or d~tach~ble, includins, bui not iimited to, all ~~frgeratan and urperi. TO Il*VE A~ TO IiOID tl+e abovs granted premis~s, with the ~ppunsn+nces. unto tM :aid Astoci~tion, in fee timpl~ forever. The ~ald Mat9~por hereby convenan» +nd spnes with the A~sociatwn, ss follows:- ~ fIRST: TMt ~M Mwt9~qor i~ bwfully seized of fhe above dexribed p.em~ses in fee simple ~nd hss pood ryht to sell ae+d convey the aame to the Associafion; that the said p~~enises N~ fre~ and d~uharged of snd from all ts:es, t~x titles or cenificate~, judymenu, m~ciunic i litn~ ~nd e~cumbrances of ~ny n~tur~ or i kind wha:soever and rMt rh~ Morrgagor w~ll tully wa..anr and d~fend the s~rrK ro tF,~ Assoc~at~on, ayainu fh~ l~wful d~ima ~nd demands of all personi wiwrreso~ver, and will make such further assurances to perfect fee simpk t~tie to said I~nd, to fhe /lssociation, s~ m~y ~easonably be required, snd will psy rhe sever~l wms of money iyreed in tht sa:d note to be paid ~nd all inst~llments of princip~l ~nd interest the?eon promptly when due. ~nd accadiny ro 1h~ t.ue tenor ud effect of the said i+ote. i ' SECOIi~_ ThN the Mwtp~got will p~y all and siogvl~r the t~:es, ~ssessments, levip, +nd incumlx~nces of every nsture on ths above described property, ~nd € ~pon th~s mwtysye and note, or the money secured thereby before, delinqventy tF~ereol, and iece;prs evidenung paymem of said taxes, assessments, levies t a:,d encumbta++ces shall be deposited with the Associstwn on a betwe March 31st of each sutceedirg yeu duriny the term of this mortgsge; and if the ~ same be rqt promptly paid when due, the Association m~y (without obligation to do w) pay the same, o~ become purchsser of any Iswful evide~+~e therwf, o+ cenificste tl~erefor, withovt waivirg oi affetting any right herevnder and in th~s mwtgsge, or the s~id r+ote which this mwtysge secures; ~nd such pay- ~ menn or e:penditwp so m+d~ slull bear intertst from tke date thereof ~t the rate of eight per centum pe~ annum. ~Nl~p: That the Mortys~w wiQ keep ~II re~l and personal property now o? hereafter entumbered by the lien of this mortgage insured at may be required s from time to time by ths Mortgsyae agaiost loss by fire, w~nds~orm and o+he? hazards, uswNies snd ton~irgencies for wch periods and for not lets than : such ~mounti ~s may be required by rhe Mortgagee snd to pay p~ompriy when due all premiums fd such insurance. The amounts ot inwr~nce requ'aed by r ~he Mwtyagee are e~epressive of only the minimum amounts fw which sa d~nsursace shall be written and it shall be incwnbent vpon tbe Mortgagw to mai~r ra~n such addrtiona! inswanu as may be necessary to meet and compry fu lv w~sh sll co-inw~a~ce requircments contai~ed in said polic~es to the end that said ~ Mwtgapor is not a coinsura thereunder. Insursnce sFwU be written bv a company w companies ~pp~oved a detignsted by rhe Morrgagee and all policies a~d renawals ti+e~eof ~I?alt be heW by the 1Nortgaqec. AI! drra~:ed dei ~nar~ona by the Mwtgapor which ~re sccepted by ~he Mortgagee and all agreemenb 0 between Mortyagw snd Mdt9age~ ~elating to insurance, now ex~snnq or hare:nafter made, sh~ll be in writing snd shall be a part of this mortgage agreemtnf - ss fully u tF~ou~h set forth verbatim hercin and shall govern bo~h parties hereto snd rheir succeswn and ass'gns. No lien upon ~ny of ss~d policies of insvr •rsce or v~ ~ny ?efund a retwn premiwn which m~y be payabie on the canceli~tion or fermination thereof, sMll be given to other than tF~e Mo~tgagee, eacept by p~oper endorsement affixed to sucF~ policy and approved by Mo.rgagee. Each policy of imur~nce shall have affized therero a St~ndard INwtgage~ - C~aux sccepf~ble to the Ilssociation, making a!! lou w losses ur~r such policy p~yable to the Mw/9~e~ u its inter~st may appe~r. In the event sny s~m or wms of monty become psy~bie thereunder the Mortgagee sMll Mve the optwn.to receive and apply the same on sccount of the indebtedness hereby ? secured, w ro permit the Morlgpw to receive ~nd use it, or any part lhereof, withovl tMe~eby wairinQ a impai~iny ~nY equiry, lien w right under and by ' v~r,ue oi tids mortpape. In went of loss or physical damsge to the mortyaged propKty the Mortgago~ shall yive immediate notice tl~ereof by mail to the Mortsqee ~nd the Morsys~ee may make proof of loss if the same is not made promptty by th~ Mwt9spw_ In event of forecloswe of th;s morfqage or other - nansier of titk eo ths mortgagev! property in e:tingviahment of the indebted~ps secured hsreby, ~0 riyht, ti~le snd interest of th Mwtgagor in and to any ' ~~wranc~ policies tFmn in forte sh~ll pass to the purchaser o~ grante~. Upon a~y defaolt thereof, the Associwtion may (but wiihovt obfigstion o~ irs part % so to dol place imurance o~ such bviidings aod pay the premivm and charge suci~ sums so paid to tM Morty~w and such sums of ma+ey paid shall b~ar ~ ~merest from tht date of psyment at the rate of eiyht per cetum pe? annum. fOURtM: That al1 wms of ~,o.+ey p.d or c+used ro be pa~d by rhs Assoc~atron ~nde. rhe rams of fha mw~ya9e +nd here~n sPec~fically p.o~~ded fw. end in- c~uding any expenses incurred by the Associ~tio~ in collection of the sums secur~d by fhis mortyaqe, il~all !+e covered by the lisn of this mortgsge, the ieme - cs tM wmr ot rnoney iepresented by the note whkh this Mortg~e sewres. F1FTM: To ps~mit ,cortwnit a wlfer no watte, impairmsnt d deteriorstion of •~id ptoperty, w aoy psrt thereof, ~nd upon the failure of the Mortg~yw ro _ kecp tfie build:ngt o~ said properry in 9ood conditio~ of repair, the AssociaYan may demand the immedi~te repair of said build;ngs, or ~n incre~se in ~ne ~ sRw~x~t of s~cwity, or ti» irrrnadi~Te fepiymeM O( ihe debt Ifereby secured, •nd tM f~ilure of the Morty~por to comply with sa~d dem~r+d of the Associatioe~ for a period of 30 days shsll constirute a be~ch of thia mwtgaye, and, at the optqn of the Associ~tion, immed~atdy m~ture the ertir~ unpaid principal snd ~~ferest hereby secured, +nd the Associat,on msy, withovr notice, instirut~ proce~dinps to for~clwe thii mo?tyape, ind ~pply fo~ tM ~ppointment of s R~ 'livN, a! hKtiMftM p?OVidlJ. gooK2~s r~cF~s32 ~ : _ _ _ z; ~ ~ . . , . . ~ ~ ~