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Home My WebLink About1632 : ~1~-i . ~ H . ~~~.v ~~,r ~ry~ ~..lc ~~~.c y -s 7 I• SIXTM: r+a~ ~M ~wpaqor M.•by P.o~~s.a, oo~.~.~a .nd w Pay ~M wna o/ moeKy ~fNI MIfNN1 q rMntiOMA if1 Mid ~pwl~fOry ~Wq, top~Mw w~~h any ~nd all otiwr sums iui~ly dw snd owi~p eh~ Auociation by th~ ~~rm~ ~Mr~in,, ~nd Ncw~d to b~ p~id ~~~t~d ~h~r~in pramptly wlw~ du~. Md if d~f~ult shal) be m~d~ in 1M p+Y~t of 1ht Nid ~vma of montY or ~~y put thK~oi a provid~d in tM wid .w~~ w ~h~a mwt9p~. w if ~F» ~n~~~.s~ ~M~ ~nay becom~ dw tMrwn a aey pa~t tMrwf ~hall b~ G~ d~(~ult u?d u~id fw ~ spap o! thuty d~yi. a ~l~ouW tlw Mo+~Qpa bre~ch o~ lail ~o canply with any othN townant w aprNmte~1 0~ tM put of tM Mwtyyor b be tanpli~d wilh (in thoN t~ua ie~ which NN optan of ~he Aswdatan of ~ocel~ra~ion i~ r+o~ aMrwia ~xpr~silr p~ovid~d Mr~ie~ and such br~sd~ w ooo-compli~nc~ conrinw io ~xi~t~nc~ fo. • spac~ of thirry d~y~. tn~n and i.om tA~nc~(ath, at ~M op~ion of tAs Atwci~tio~ and witla~t notit~ to th~ Mo?~yspw, tM whol~ of wid princip~l wm ~xpr~u~d in uid not~. topaM. w~+h •II o~M. ~wns ~M~ ~n provid~d fw. ~MII b~co~r~ immediately dw ~nd payable. without not~p to ~h~ s~id Ma~yapw. SEVENTM: TMt in c~N it should b~tom~ n~ctsary 1o pl~t~ thii mwtQap~ d~ad and tlw no1~ seturtd M~eby a ti~h~r oi thtm, in rh~ Mr~ of ano.nry ta coll~ion, th~ s~id Mortqyw cownann and pre~ wi~h th~ /?swtiation to p~y aU co~q, cha~p~s and ~ap~na.s ot such aollection. includir+y ~ e+wnabl~ ,r~wn~y'~ fNa wM~Mr colbct~d dy fw~c{o~w~ or othKwis~. EIti41TH: TMt, in tA~ ~v~nt tM1 at th~ be9inninp of w N~ny rim~ pN,dinp ~~y wi~ ~pon ~his mwtp~, a ro(w~clo~e it, or W r~ipm it ~nd/or ro~nfora p,ymx?1 of ~ny ciaun~ h~rw~+d~r. a~id /lstotiation ~hall ~pply to ~M towl Mvinp juri~dicl~on ~M~eof fa th~ ~ppoi~rnwnt of a R~c~iva. such coun ahall fo?thwitl+ ~ppoint ~ R~c~iver of wid ~+wtpped prop~ny ~11 ~nd ~npul~r. i~?cludinp ~11 and sinq~lu the income: profits. ii~~ei and r~v~~~ iroen whatevM sourct deriwd, ~ach and twry of which. it beinp ~xpr~aly w+dentood. is herebY mwtyayed N if speufically iet iwth and desvibtd in th~ ~~ar+firg ~no hab~~dum c;~usN 1?Neoi, and tuch R~c~ivN shall hava dl tM broad ~nd ~ff~ctive (unuioni u+d powen in ~nywis~ ~ntrusted by ~ Co~rt to a R~pivt~. aao wch ~ppointment ~h+lt b~ m~ by ivd+ coun ~s a~ admined puity and ~ matte~ of ~bsoluee rphr to said Associatiow, and without ~~i~rMCe ro t!» adr qu~cy a~nadeqwcy of th~ valw of tt+~ property matyaped a ro tM solv~ncy of tM Mo~ty+~or. ~~d/a rM d~f~ndam, ud such rent~, profi» incom~~, uiuq ~nd rw~nues sMll be ~ppli~d by such Rec*iwr auwdirg to th~ li~n ~nd/w p~ity of stid A~wciation and ~M pr+c?ic~ of such court, ~nd such ~p pointnwnt w R~uiv~r shalt b~ witAaA notic~ ro~~+y oblgor I+Mevnd~~. NINTM: Tl~e Mptpsyor her~by waives a!1 riyhts of hom~~ie~d ~nd txanpYae~ gr~nted 6y tM Con~tit~tion and laws ~f Ftor~d~. 1~ is specif~cally ~greed tMf r~r.e~ u of tl?~ ~nc~ in ~his conuact u~d Il+at no w~ivK by fhe Asiociation of ~~y obli~~tion htteu~de~ or of tht obliy~~io~ ~cvred htrtby shall at ~ny tim~ rne?.ah.. ba Mld ro b• a waivN of th~ hrmt h~r~of o~ of fM obliq~tion secwed ht~sby. TENfM: ihat if conveyanc~ should be m~ by the Mwtyagw of tM p~mises I,~r~in described w ~ny pan ~he.eof. wifhput Ih~ wtiftfA CW~fMf Of fh! Af~p cialipn ~nd withOUt sisumptan in r~yular fwm of law by the g~antee of th~ obliy~tion to the Associalion cre~ted he~eunde~, th~n and in that event ~nd aT the option of IM Associs~ion ~nd withoW notica ro the 1fRwf9agor. all sums o1 mwMy s~cur~d he~eby fAall im.aedi~f~ly ~nd ca+wrre~~ly with iuch conwy- ~nc~ b~cane due +nd paysbk and in d~f~uh wMther the iank ~re so dw u+d p~y~bl~ ~nd M d~faul~ by the spec~fic te~ms hereof a rat. EIEVENi!!: If fwclosur~ proceedirgs of any second mo~tyap~ w second trwl deed w u?y jvnior lien of any kind ihould b~ institwed, the Aswciation ~nay, a~ it~ option, immediat~ly w eher~aft~r declu~ this mor~gay~ and tht indeb/edrnss sccured Aereby dw and payablt. TVIIEIFTM: TMt in tFK ~vent tM prcmises hereby morty~ged, w any pa?t the~eol, shsU b~ co+~demned ~nd t~ken fw publ'~c us~ vnder the power a,f eminent domaie~, tht ~iocution shat) Mv~ tF~e r'~yht to d~m~nd that all damaye~ awa.d-d ~o~ the tak~ng of w damages to said prsmises shall be paid to th.e Associ~ ~~on, up to t1w amount then vnp~id a? thii mortyp~ ~nd /M oblip~tion secured I+~r~by ae~d may b~ ~pplied upon th~ piyments latt payabb und~? this mort9ye and the obligation ~acvred htr~by. TMtRTEENTM: Th~t inst~IbneMt, pay~ble unde~ tM termi he~eof ar+d the nots secured hereby, not p~id when dw ih+ll be svbjecr ro"iat~ cMr9ts" ~s pro- vided in said note. and tuch °lafe charg~i' u~ ucured by tM li~n hereof. FOURiEEi~TN: Th~ Mortg~ge~ FKreu~der may, in its wt~ diur~rion, (rom tim~ to time durinq the otigina! w any extended ~rrm he~wf, sf the req~,r~~t of th~ lMo~tgaQw and within snd under tM provisan hereinafter se~ forth and all of ~F~e other provi~ions of thii mort9aye, advsnce to the Mwtgayo~ here~n fw a~y P~.pose wh~tsoever sums of money subsequenr ~o ~he advance unde. ~he wg~nal note secured hereby. Upon the reques+ of rhe Mo.rgagee the Murya~or shatf execut~ ~nd deliver a suppl~men?al note a nofes ior any such sum or sums adwnced by the Mwtg~go? subsequen~ to ~he date of the originyl no~s sr cured hereby, and during the term of this mortga9~. Such nate or notcs shall be secured hcreby o~ ~ parity w~th ~nd as Futly ~s ~i ~he sdvance o~ advances evidenced thtreby we~e induded in tM ori9inal note referrcd supra ~nd wer~ made ar t1x dare o; said wiyin~l r?ote, prov'~d~d tAs~ the totat of rhe remaininp vnp~id pr~ncip~l batu?c~ of a11 ~uch notes ucured hareuoder and hrrcby :hatl neYer exceed S. TH ~ RTY _TWO _TFIOUSAND_ THREE I~JNDRED-- i - - - - - --------AND NO/100------------- ; provided funher, however, thar ehis +nstrumeof ~hall add;tiw+~tty secure, as a first lien, ~II othe~ sums, • provi~ia~s, condifion~, righh ~nd obliyatiau of every nature provided fw i~ the original and supplement~l notes +nd in this mortgage, itFTEHiTN: Without imp~iNng the oblig~tioe~s of Mo~~gsgw contained in paragraphs SECOND, THIRO and FOURTH hereof, u+d fw ~pplication t,, the pw- poses tAereof in so far as the a~me shall be sufficcent, Mo~tgago~ shall, in add~r~on To the monthly payments of princ~pal snd i~tr~eat as s?ared in tt e aiqinsl nofe (~nd in the note o~ nores secured he~eby) p+ov;ded to be made, pay a mon?hty sum an smount equal to onrtwelfth (1/12) of the es+fmat-d a~nwl tsx~s, s» essmems and insurance p~emiuma upon the real estate securiry, as tM amovot therof is de+e~m;ned f~om time to time by the Mortgagre. SiX?EENTH: The lien of this instrument shsll ~emain in fuN force and ef(ect dur~ng any postponement o? eafenaion of time of psyme~f of a~y part or all o} the indebtedneu secured hereby snd durirq the term of any future edvances made he?cundtr. PROYID~ AIWAYS HOWEVER, that if the Mortgagor iha~l pay unto said Assoc~arion ~he moneys provided fw in ~nd by s~~d note or notes ~nd thia mortg~gs snd ahall well and truly keep, observe ~nd perform, comply wi~h snd ab~de by each s~d every ehe inpulations, agreements, cond~tions and coven~nts fhere• of ai snd when ~equired thareby then thii Deed and the est~te hereby created shall cease and be null and void, olherwiu the same shall remain of bindinp r iorce and effM. IN WR?1ES5 WNEREOF, the said Morty~qo~ has m~de, e+cecu~ed, sealed, a.u! ddivered this mottys~ rhe day and y~a~ fin~ abov~ wriften_ ' Sig ed in the prexece of: ~-~ti{. . - _ I - - (SEAL) ~ ~ ~ ~ - t elson ~ ~ ' ~ ~L~ - - ~ G;~fil~..zc.~-- - - cs~?i~ : Ivia J. Nelson f - (SEAL) i E ~ - - - - - - : ~ - . (SfAt) ~ i - i STATE Oi FLORIDA : ~ ~ ____Okeechobee? . courm oF ~ ~ Befwe p..w~.uy ,~..~d ----------------------EDWIN NELSOt~f and ; ' - - = i SYLVIA J. NELSON, his wife ° - £ - . - ~ ~ . ~+++n„~~ ' ro me well known and known to me to be the individuai or individusls describeo in •nd who executed the foreyanp imtrwneM, who xk . ~ me rhe execution of the ssme fr~ely and votv~ta!iIy for the purposes therein expressed ~ ~ i ; WITNESf my h~nd and offid~l ieai this--_.---- h Y : ~ 6t ------------d' - U I .7 • . ' . ~'z ? : • ret . - - - ' _ . ; RETURN TO: NQjAgY PJld1~C, STATE OF FLORIDA AT IARGE V ~ ' F~nt Federa! Sav;nps 6 loan Asaoc7ation of MOTARY PUSUC STATE OF ~ IDA AT '~J;, ~ $ OkNChobe~ Covnty OkNChobN. Flwid~ My commission ~:pires: ~~MMICc~~.EY'1P,.~_~_ ; This Instrument Prepared Br ~~r~~~ uno~w1~ ' )ONN ROY ARD ~h ` ~ F ~ . . ~p5 EpgT i30RTH PARK STZEET f~~p ~,w~ P,ECOitDE~ - ~ - .....U~ ;,3~12 ST.IUCfE COUNTY fLA. , ~t'E.,•1~~...- - AOGEF FOttRAS ' CLE•°•X C=~~~1311 COURt , ~ 11ECOFL VfF -?f.0~..•-= ~ o R ,lw, t8 2 s9 PK'T3 ~oox zls PACE~s~ _ : - - - - - - ~ . ~ _ - _ ~ _ _ . _ .