HomeMy WebLinkAbout5577 3. To place and cominuo~sty keep on ihe bu~'d~ngs ~ow or hereafte? a~tuate on said land and on ali eq,~y:nznt and penonally covered by ~his n:orrg-
ege, with all pre~iiums therron pa d~n tull, fue ins~rance in the usval srandard pol~cy fo?m, in a sum approved by the MOR~vAGff, and w~~~dsrorm
;ns~rance ia the usual srandard pol,cy fo~m, in a ium approved by the MORTGAGEE, ia suc6 company or compames as ~he MORIGAGEE may
d:rect; and ail (ire and w~ndstorm insurance pcliues on any ot sa~d buildmgs, ~ny interest therein or part thereol, in ~he aggrr~a~e s~m afo~esa~d or
excess ~heleoi, shaU conrain the usual standard morfgagee ciause w such oiher clauie as the Mo~~gagee may requ~re, mak~~g mr ioss ~nJrr ss~d pol'r
c~rs, each and every, paya5le ro said A1pRTGAGEE ~3 ~ts interast may appear, and each arrd evr~y svch po:~cy shall tx pra :pfty as: g~:rd a~~d dee~,~errd eo
eny heid by sa~d MORiGAGfE as (urther :~cu~iey ro sa~d ,~~o~tgage debt, and, not less ~han ~en l101 days in adYance oi ~he aapvat~on ot each po!~cy, to da
i~ver lo said MORfGAGEE a renewal thereoi, together with a rece~pt for the premium of tuth renawai; and thrre shall be ~w f~re or ,N,~~~it~~m ir.svrance
placed on any ot said b~ild~ngs, any interest therein a parf thercof, untess in the (orm and wirh the loss payable as aforesa;d; and in tl,e e~enl any sum
of money becomes payable ~nder wch polity w poGcies said MORTGAGEE ahall have ~he option to recaive and apply tha samt on accow~t of the indrot~d-
r,ess aetur~d hereby o~ to permit said MORIGAGOR$ to receive and use it w any part thercof for ocnrr Hur; eses .~.~~n;,~t th~•.:;r a_~.~ or
~ng any equ~ty, I;en w riyl~t uodr~ or by virtue of this mo~tgage; and in the event sa:d MORTGAGORS shafl for any reason tail to Meep the sa~d prem~s~•s so
ins~red, or fail to delive~ promptly any of said polities of insurance to said MORTGAGEE, or (a~l promptly 1o pay fully any pr2~~~~u~n theiefor oi in any
renpea fa~l to perform, d~scharge, execute, eifect, comptete, comply wirh and ab~de by th;s cove~anr, or any pa,~ hrreof, sa~d MURiGAGEE may piace a"d
pay for such iosurance or any part thereof wi~hout waiving or affecting any option, hen, equ~ty, or right under or by vfrtue of this htoetga~r, and the
f~ll amo~m of each and every auch paymeN shall be immediately due and payable and shall bear interasl irom the date tAereof unri! pa~d at tha ra~e o1
n~ne per cenrvm pea annu~n and to~e~her with such imerest shali be src~~c~ by the lien of this mortgage.
To permit, commit or suffer no waste, impairmenl or deteriorat~on of said prope~ty a any part thereof.
5. To pay all and singula~ the costs, charges and expenses, includ~~~~ a reasonable attorney'a fee and costs of absi~acts of title, incurred or pa~d at
any time by aa~d MORTGAGEE, because o~ in the event of the fai(ure on thr pa~t of the said MORTGAGOR ro duty, pro~nptly and fu11y perform, d~scharge.
e¦ecura, effect, comp;ete, tomply w~th and ab:de by each and ev~ry the stipulat~ons, agrrements, coaditiau, and covenants of sa~d prom~ssory note and thls
„wrgage any w ei~her, and sa~d costs, charges and eapenses, each and every, shall be immediately due and payable; whether or not the~e be nof~ce da
mand, attempt to coHect os•suit pending; and the full amount o{ each and every svch paymem ahall bea~ interea~ from ~he date ~hereof unr~t pa~d at the
•:~r of nine pe~ crnrum per a~inu:n; and all said cosrs, charges and eape~~ses incurred w paid, together w~th such mrerest, shall be secured by the I~en of th~s
rti or tgagG.
S. Thaf (ay in fhe event of any breach of tAis Mortgsge o~ default on The part of the MORTGAGOR, a;b) in the event sny of sa:d sums of money
herein referred to be not promptly and fully paid within ~hirty (30) days next afrer the aame seve~atly become due and payable, without demar.d o+ not~ce.
; r(~) in the event each and every ~he stipulations, agreements, cond~tions and covenanta oi sa:d promissory note and rh~s mortgage any o~ enhe~ are not
i~ly, prompNy and fully pertormed, d~scharged, executed, e;fected, comp~eted, compGed w~th and abided 5y, then +n e~~her w a~y such evem the sa~d ag~
~regate sum mentwned in said promisswy note then remaining unpa~d, with imerest acuued, a~d aIl moneys secu~ed hereby, shafl bEC~me due and pay
eo'.e forthwith, w thereafter, at rhe oprion of said MORTGAGFf, as fully and complete~y as ii all of ~he sa~d sums of money were ongina~ly st~p~;ared
!o be pa:d on such day, anything in sa:d promissory note or in this Mwtyagr to the comrary no~wi~hstand~ng; and there~pon w thereafter at ihe op~~on of
s~~d MORTGAGEE, without notice or demand, suit at law w in equity, therefore w thereafter begun, may be prosecuted as if a!1 moneys sec~red hereby
r,=d matured pnor to ds institut~oo.
7. That in the event that at the beginning of w at any time pending a~y suit uFwn this Mortgage, w to foreciose it, or to reform it, or to enforce
;,ayment of any daims he~eunder, said MORTGAGEE shall apply to ihe Court having ~ur~sd~ction thereof for the appo~ntmenf of a Receiver, such Covrt shail
Fc: rhw;th appoint a rcceirer of said mortgaged property all a~d singular, includ~ng all and s~ng~lar the ir.come, p~ofits, issues and revenues from wh;tever
sc~.ce derived, each and every of whicFL it being expressiy understood, is hereby mortgaged is if spcc~fi~ally set fo+th and dex~ibed in the grannng and
hsbendum cfa~ses hereof, and wch Receiver shaN have all the broad and eftective funct~ons and powers in anyw~se entwsted by a Co~rt to a Receiver, and
s, ch appointment shall 1x made by such Court as an admitted equity and a matter ot absolute r~ght ro said MORiGAGEE, artd withe~~ referen~e to the
e~+~~q~acy a inadequacy of the value of the prope~ty mortgaged or lo the so~vency or insolvency o( sa~d MORtGAGOR or Me defenda~ts, and that such
r~•nrs, protits, income, issues arxl revenues shall be applied by such Receiver accord~ng to the lien or equity oi sa:d 610RTGAGEE and the poaUice of such
Court.
8. To duty, promptly and fully perform, discharge, exccute, eifect, complete, comply w~th and abide by each and every the stipu(ations, agreements,
corzdnions and covenants in sa,d promissory nore and this mcrtgage set forth.
9. That in the event the owrtership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
:'JRTGAGEE, its svccessors and ass;gns, may, w~thout notice to the MORTGAOR, deal with such successo~ w wccessor m interest w~rh referen~e ~o this
~,-tgage and the debt hereby secured in rhe same manner as w+rh Mortgago~ w~fhout in any way vi~;ating or d~sc!+arging the Mortgagors' liabii~ty here-
~~~:ie. or upon the debt hereby sewred. No sa:e of the prem~ses hereby mwtgaged and no forbearance on the part oi the MOS2iGAGEE or its successors
c~ assigns and no extension o( the time for the paymem of the debt hereby secured given by the 7dORTGAGEE or its successws or ass~gns, a~~al! opera?e
ro reiease, d~scharge, modify ~hange or affect the orig~nal liab~lity of the MORTGAGOR herein, either io whole or in part.
10. It is speuficatly agreed that time is of the essence of th~s contracr and that no waiver of any obl~gation hereunder or of the obligation se-
c~ ed hereby shal~ at any time fhereafter be he:d to be a wai~er of the terms hereof or of the instrumem secured herby.
l l. In add.t~o~ to the forego n9 month!y paym~Mi of pnnc pal and interest required by fhe p~om~sscry no!e Secured hereb~, mor~gagw covenan}s
d ag~ees ro pay to mengagee w~;h each monrhly pay~nent an add<<ional sum esnn;ated by mongagee to be eqval to 1, 12 0' the ann~al cost of the fotlow-
A-Alf real property taxes levied or assessed aga~~st the above described rea! esrare.
B Pren:~;, ns on f~re and v~indstorrn fnsuracce as here~n requ~red to be carr~ed on the lmproveme~ts situate on !he above desc~~bed prem~ses.
C-Premiun:s on such mortg,ge gua~anty inw~r-.ce es mortgagee shall frcm Yme to ti~ne deem f~t ro carry on the Toan securrd hereoy. -
Mortgagee sha':I from tirre to time nonfy mortgag~r in writing of the amoum due and payable hereunder and wth w~n shail ih2re~pon be d~e and
: a,.ble on the due aare of the next monthty paym~nt and each successive monrh rhereafr~r ur.til mortgagee shall nor;fy mortgagor of a change in such
,vnt. Such s~}ms sfail be app!ied by mortgayee toward the payment of real p~ppe~ty taxes, inwrance prem:ums, and mortgage guaranty insurance
, _ n~ums.
fN WtT ESS 'N ~OF, fhe sa~ M TGAGQR has hereunto set hi: hand and sea) ~he day and ear tirst a{oresaid.
ign led nd iv in t sence of:
~ , v ~~~-~.,Y^l~.~CJ(~Seal)
- ' Ro ert A. Van Natta ~~a~~
llen Van Natta~~ ~ ~~a~j
5 ~ ATE OF fLORIDA ~
55-
: JU!JTY OF ~,~i_~e]lC1@ ~
Before me personatly appea~ed Robert A~ ~1a71 ~a.'1t~a and
E~ZE'i1 ~1aR Natta his wife, to me weli knorrq,,~¢~known to me to be
+na ind~viduats descri6ed in and who executed the foregoing instrume~t, and acknow{edged before me that they executed the. ~a~Hyf._th@ purposes
th_~'ein expressed. And the said _ C'll@r1 Vc1I1 1~`atta ri~'
Robert A Van \'at ta ' • ~ ~ %
r. ~e of the said • __~_h u a. seperate ~~;~ivste
_•~m~nafion by me taken separate and apart from her said husband, acknowledged to and before me that she executed: sai~7i trumero freely Snd. v,olurr
~~-~ty and w~thout a~y compu:sion, constrainr, apprehen o~, or fear of or from her said husband. ~ ~ .~•~~r
WIiNESS my ha~d and official seal this__ 2 day of Decembe?~s C•_ A: p. 29~
• • Y:'-f~.. • _
" t0~ ~
Notary PubGc in and for the A~ ~f Ftori~A rfle
My Comm~ssion eapires: ! i•~ .
Retum To: ' `
fl`; . ,_~_•i.. ~
First Federal Savings d~ Loan Associat~on , T,-S t, 7z
Of fort P crce. [yy~~,',_J z~" - - ~ . :G6 v~:.
Fort Pierce. Fler~da "
f~~EG ,9C REC4RDF0
ST. LUC~E COUNTr f~~.
R~~i+~ PCITRAS
This Instrument Prepared By J. H. RobeYts ~ Jr. CLEF,K C~~CUIT COURY
Fi~st Federal Savings 8~ Loan Association p`~~u~' ~~~~"'EO.,.~„
of Fort Pierce ~ FZor ida
J~ t 0 4 07 PM '73
Checked By,~',~ - 2A538~
BOt~IK ~Ve7 PItCf ~U~
1S
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