HomeMy WebLinkAbout1887 1
Lot 4 and the Nest ~ of Lot S, flock 29, SUIt1~ND
GARDBN.S, according to the plat thereof, as recorded
in Plat Book 8, page 32, of the Fablic Records of
St. Lucie County, Florida.
together with all rights, interests, easements, hereditaments and appurtenances thereunto belonging, the rents, issues, and
E profits thereof and revenues and income therefrom, all improvements and persoryl property now or later attached thereto or
reasonably necessary to the use thereof, including, but not limited to, ranges, refrigerators, clothes washers, clothes dryers,
or cupeting purchased or financed in whole or in part with loan funds, all water, water rights, and water stock pertaining
E thereto, and all pa ments at any time owing to Borrower by virtue of any sale, lease, transfer, conveyance, or condemnation
of any part thereof or interest therein-all of which are herein called "the property";
TO HAVE AND TO HOLD the property unto the Government and its assigns forever in fce simple.
BORROWER for himself, his heirs, executors. administrators, succeuors and assigns WARRANTS THE TITLE to the
! property to the Government against all lawful claims and demands whatsoever except any liens, encumbrances, easements,
reservations, or conveyances specified hereinabove, and COVENANTS AND AGREES as follows:
i (1) To pay promptly when due any indebtedness to the Government hereby secured and to indemnify and uve harmless
the Government against any loss under its insurance of payment of the note by reason of any default by Borrower. At all
times when the note is held. by an insured holder, Borrower shall continue to make payments on the note to the Government,
as collection agent for the holder.
(2) To pay to the Government such fces and other charges as may now or hereafter be required by regulations of the
Farmers Home -Administration.
(3) If required by the Government, to make additional monthly payments of 1/12 of the estimated annual taxes,
assessments, insurance premiums and other charges upon the mortgaged premises.
(4) Whether or not the note is insured by the Government, the Government may at any time pay any other amounts
required herein to be paid by Borrower and not paid by him when due, as well a;any costs and expenses for the preservation,
protection, or enforcement of this lien, as advances for the account of Borrower. All such advances shall bear interest at the
rate borne by the note which has the highest interest rate.
(S) AU advances by the Government as described by this instrument, with interest, shall be immediately due and payable
by Borrower to the Government without demand at the lace des~'g~ated in the latest note and shall be secured hereby. No
such advance by the Government shall relieve Borrower fPom breach of his covenant to pay. My payment made by Borrower
may be applied -on the note or any indebtedness to the Government secured hereby, in any order the Government determines.
f (6) To use the loan evidenced by the note solely for purposes authorized by the Government.
(7) To pay when due all taxes, liens, judgments, encumbrances,. and assessmenu lawfully attaching to or as~esded(against
the property, including all charges and assessments in connection with water, water rights, and water stpeR~pertaintng to or
reasonably necessary to the use of the real property described above, and promptly deliver to the Government without demand
receipts evidencing such payments.
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P:e-Recar>~