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Home My WebLink About2314 ~8~`!65 ~ . t_.. ~.i ~ ir~t ~'~pr~l ~~utgs ~nd ~io~ ~1S$oi~ti.oit Df ~l~hab~e ~Coiult~' ~ . ~ TMIi /iORTOAOE o~. Ex~cut~d tM-----°------ ZZfId ------------d+Y of o.. ia--1~---• ~ PHILLIP 0. NUDSON and OORIS C. HIfDSON, his wtfe ~ he.~in~ha ulbd th~ Matp~po~. wfiich t~rm shall inclvd~ si~gvlu or pivrd, capwation or indivtdwl and ~it1+N ~x. and ~h+ll incl~ tM Min. I~pal npn. H,~f laws of tM Unit~ li MgOf OA~IIffKiM.o`IINt~ItN qli~ tMEAsiOC1~1Mly WII~CI1 1HTAfI1~II~5I5fOKIY~ 1IM succsuon u~d aug~ofnthe s+id~Associat~o~ WITNESSETM THAT. WH~EAS, the Mortgagw is a member of tM Association, ~nd Iw ~~ceived • ban irom tM Auociation wMnby tM Mwtg+go? 1s histb ;nd~bt~d b th~ /?~wci~tion, whid~ iodebtedneu u hereby ~cknowledped aod ai widanced by a cat+in pron?~swrY not~ of ~v~n dat~ h~?wvi~h mad~ by the ~9~ ~ ~Y~~ b ~M a~„~P,i ~ ,f --Forty-Seven_ Thousand _Th~~@_H~~~rsd_s~DS!_1~lOL1Q~-oou~?Rs 47 3~~ 1opNhu with iroetest ~s st~ted tMrein, aid ~ot~ b~in9 in standard form and providirq. ~nwnp othN thinps for smwti:~d t ~cceler~tion of mci 1 in the ~wnt of default, to ~+oe~l?hr P+Y~+a indudirg inr.r.s~ upon ~he p.incipal thaeof. late charpes. proviian fw W~WY~^ • M W yetMr wi+h a davs~ prov~din9 fo? tl» paymem by tt?e Mwt~po~ of +tto.ney's fees snd coa~s of colieuion. TM p~ov'a'a~s of wch not~. to which nfereaa i~ Mr~in m~, u~ by nf~rentt m~de ~ p+?~ of this instrwnent ss tF~ouph the ssme wer~ h?tly stt iwth herein. ~ NOW ?MK MORTOAdE DEED. WITNESSETM. YMt tM s~id Matg+9e? fw the b~tt~? ucuriny of tM ssv~ral sums of ~ea+~y mennoneJ in th~ saW noM does Mrcby 9rsnt, ba~+in. s~14 slien, r~miie. nkase. ca+vey and aa?firm unw said /lisocisYwn, in fes simpk fwsvN. th~ followinp d~scribed l+nd. of whkh ssid Mwtpa~o? b~ww s~ized u~d poaesfed and in actuat poss~suoe. sitwte. ~Yin9 u~d bsinp u+ ~f•_Il1C~--------------- County. Stat~ of Florid~. and mon p~rtltvluly dattib~d as followi~ ' The South 10 ac~es of the East half of the NE$ of the SE~ of Section 8, Townshlp 35 South, Range 39 East. - The ~ight of way for d~ainage canal No. 52 is ex~luded from the aforesaid description. Together with an easement for ingress and egress over the East 50 feet adjacent to satd canal No. 52 of the remainder of the E~ of the NE# of the SE# of Section 8, Townshfp 35 South, Range 39 East. ~ 7~.95 _ h,,,~ affixed ro the w~ginal note and uncelled.) (Florid~ Ootumcntary Stsmps in the svm of TOGETFIH WITM Alt AN~ SINGULAR 1HE TENEMENTS, NEREOITAMFNTS AND A?~URTENANCES and all structures +nd improvementa now ar+d her~afte? on ! said land snd all fixtures attached thereto, together with all rents, issues, and profits accruing from ssid premises, and all gss, stesm, electrit, water, plumb- ing, lighting, ventilating, heating, a~+d/o? coe~~ng systems, which now are or may be in or on sa~d premises tF~ougl+ they be detsched w detachable, includin¢ { bW not limited to, all refrigeraras and urpets. TO FIAVE AND TO NOLD the above gra~ted premises, with the appurtenances, unto ~he said Associstion, in fee simple o?ever. , 6 The s~id Mwty+ge~ hereby coovenanri and sgrees with fhe Association, as follows:- FIRST: Thst the Mortg~gw is lawfully seized of the above deuribed premises in fee simple and has good right to x~l and convey the ssme to the Assoc~stion: that the said prem~xs are free and d~scharged of and from alI taxes, taa tl:les or certif~cates, j~dgments, mechanic i liens and encumbrances of any natur~ w kind wMtsoever snd thst the Mo?tga9o? wJ~ fully warrant and defend the same to the Assoua~ion, against the lawful d~ims snd demands of all penoM whomsoeve?, and will make s fe~f nr the sa d oote to be paf d,and allRins all tments of, principal and inte e t ih~e eon promp ly w,hen d rea^d ~ccad ^p,to tiN the sevt+d sums of mo~ey ag true tenor +nd effect of the said note. SECOND: That the Mwtgagor wiJl pay all and singular the taxes, sssessmems, levies, tnd incumbrances of every nature on the above deu~ibed prope~tY. ~~d upon this mortgage and note, or the money secured thereby befwe, detinquency thereof, and receipts evidencing paYme^t of said taxes, asufsments, kvies and ~ncu~~rK~s sh~ll be deposited w~th sht Association on w befwe Ma~ch 3tst of each succeeding yea~ during the term of this mwtyage; +nd if the same be not p~omptly paid when due, the Auociation msy (without obligstion to do so) psy the same, w becane W+rchaxr of any Iswfvl evid~nce thereof, or cenificate therefw, withoui waiving or affecting sny rght hereunder and in this mortgage, o~ the said note which this mortpsye secures: u?d suth P+Y' ments or expenditwes so m+de sh+~~ bear intere~t from the date thereof at the rate of eght per centum per annum. iHIRD: 1Fut the Mortgagor will keep aIl real e~d perso~a~ p~ope?ty no-« or hereaher entumbered by the lien of this matg~ge insured u maY be requNed from time to time by the Mortgsgee against loss by fire, w~ndsrorm and o~her ha:ards, casualties and cont~ngencies fw wch perads and for not kss ~han such amouMS as may be ?equired by the Mortga9ee and to pay promp?.y when due all p~emiums for such insurance. The +maints of insur~nte required by the Matysgee are e:pressire of only the minimum amoums fw wh~ch sa d~~su~ance shsll be written and it shall be incumbe~t upon the Mortpsya to main- ra;n uxh additional insurance as may be necessary to meet and compr~ f~ iy w~eh all co-insurance ~equiremen:s cont~ined in s+id pu~idts to the end that said Mortgagor is not a to-insuror thereunder. Insurance shall be w.~rren ov a company or tomp+nies approved w design~fed by the Mo~tgagee ~~+d all polities and renawsls thereof sha11 be held by the Mwtgagee. AIt d•~~a• rd des n,a+~om by the Nbrtgago~ which are ~ccepted by the Mwtgsge~ snd sll ayreemenb between Nb?t9+por a^d Mw~9a4ee relating to ins~rance, r.ovv er~sunq or •~e:nafter made, shall be in writing snd shsll be s psrt of this martyage +preemt~t es fully as tfa~ph set forth verbatim herein and shall govern bo~h pa~~:PS hereto and their successors snd assg~s- No ~ia+ uPo^ sny of said polit'~es of insu?• ance w upoo +nY ~efund ot rdwn premivm which m~y be payab:e on ri,e canceliation or terminaYron thereof, sh+ll be g~ven to other tt~sn the Mbrf9+9K• e~cept by {xopa endonement affixed ro such policy and approved by Mwi9agee. Esch po~~cy of insurance shall have affixed thereto a Standard Morlyayet Clavse sccep~abk fo tF?e Auocistan, making al{ lou or losses u~der such policy paYsble to the Mortgsgee as in interest msy appesr. In the event any w+n or sums of n+w~ey becane WYable thereunder the Mortgsgee shsll have the option to receive and apply the same on xcount of the indebted~ess herebY secured, or to per*n~t The Mortg+9w to receive and ux it, w any part thereof, withovt thereby waiving ot impai+iny any eqvitl/• ~ie~ p r'~ghf under ~nd by virtue of this mortpage. In event of loss or phYsical dsmsge to the mortgaged propertY the Mw~gsgo? sh+ll give iFrwnediate nofice thereof by m+il fo the Mortsgee +nd the Mort9agee rt'+Y m+ke proof of los~ if the same is not made pranptlY bY ~he Mort9s9a• evcnt of fweclosvre of th~s mwtya~e or other transfer of title to the mo?tgsged property in extirguisMnent of tF~e indebtedness setured hereby, all right, title snd inferett of th Mo?tg~go? i~ snd to a~Y insurante polities then in force shall pass to the purchaser o? gnntee. Upon any default thereof, the Association may (but witho~t obliyat d~ I~ so to do) Place insur~nce on such buildings snd psy fhe pre.nium and charge such sums so pa7d to the Mortg~go? snd sucl+ wms of monty pa' interest from the date of payment at the rate of eight per cetum per snnum. FOURTM: Th~t all sums of ma+ey paid or caused to be paid by the Association under the terms of this mortgsge and F~erein specifiully provided fw, and in- clvding ~ny expenses incurred by the Ass«iation in collection of the sums xwred by this mortgage, shall he covered by the lien of this mortgage, the same ts the wms of maxY nP«k^~~ bY the note whech this Nbrtgage securei. FIFTM: To permit ,mrtwnit w suffer no wsste, impairment ot deter'aratan of said property. o~ +~Y P+~ i^d upon the failvre of the Mwtg~go? to keep the buiWinps on said property 9ood co~dition of repair, the Associatan may demsnd t}~e immediate repair of ssid bvildirgs, a an increase in ine amount of sacurity, or the immed~+~e repayment of the debt hereby secured. +nd the fsilure of the Mwtgsgor to canply with said dem~nd of the Aswtiation for a period of 30 d+Ys shaU constitute a kxexF~ of this mor~gage, a~d, at the option of the Association, immedistely marure the entire unp+id W~~dW~ +^d interest hereby secured, snd the As~ociatio~ msy, withovt notice, inttitute proccedinys to fwecbse this rtwrty+~e. +nd +PP~Y fa t~ ~PPantment of • Re ceive~. +s her~inaftb p?ov~ded- 8 ~ ~ ,AYL~~%~ ` - - - _ a _ i ~ , ~,`'~1--' ~f _ _ ^ ~ ~ J