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Home My WebLink About2561n R. 52 r~6~497' 3. To place and continuously keep on the bulldirsga now a hereafter sltuatt on sold land Ind on all equipment and perwnaliy covered by this mortg• age, with all premlumt thnrson paid In full, fire Insurance In cite usual stsrsderd policy form, to s cum approved by the MORTGAGEE, end windstorm Insurance bs the usual uandard polity form, to a earn approved by the MORTGAGEE, In wch company or :ampanies es the MORTGAGEE may dirxtj and all fire and st~indatorm Insunnu polkies ai .ny at ::?d krildirsut, any Intern! therein or part thereof, In the aggregate wm aforesaid or In exc»s thereof, shall contain the v-wl uardard mortgagee claua or such otfaer clause as the Mwtgsgea may require, making the lose under said poll- cia, each and every, payable to sold MORTGAGEE as iM tnternt may appea, and each and wsry tuch policy shall ba promptly sa.gnad and delivered to any fold by aid MORTGAGEE a further security to a-d mortgsge debt, and, rwt Irsa Than tan (t0) days In advance of the eXplration of oath policy, to de- liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such :enswalj and (here shell be rso fire or windstorm Insurance placed on any of sold buildings, any Inte:eat therein w part thereof, unlace In tfr form and with the Toss payable ss eforessid; end In the event easy sum of money fxcomes paysble under such polity or policies Bald MORTGAGEE shell have the option to receive end apoly the tame on account of the indebted- ness secured hereby or to permit old MORTGAGORS to receive and use II a any part thereof for other purposes, without thzreby was. i:~g o; unpair~ Ing any equity, lion or right under or by vlrtw of this morfgsgsj and Fn the avert avid MORTGAGORS shall for any reawn fall to keep the said premises so insured, or tai! to deliver promptly any of said policies of insurance to raid MORTGAGEE, or fail promptly to pay fully any premium therefor or in any rosped fail to perform, discharge, execute, wfhct, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place a~~d pay f r each inauranu or any part thereof without waiving or aftecting any option, lien, equity, or right under or 6y virtue or this Mortgage, end the full amount of each and ovary such payment shall be immediately due and payable and shall bear interest from the date Thereof until paid at the rare of nine per centum per annum and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit or wffer no waste, Impairment or deterioration of recd property or my part thereof. 5. To pay ell and singular the coats, charges and expanses, including a reasonable attorney's fee and coact of abstracts of title, Incurred ar paid at any time by raid MORTGAGEE, because or In the evert of the failure on the part of the said MORTGAGOR to duly, promptly end fully perform, discharge. execute, effect, complete, comply with end abide by each err! every the ttlpuletiors, agreerr,enta, conditions, and covenants of said promissory note and this mwtgcge any or either, end eaid costs, charges end expenses, each end every, shall ba immediately due and payable; whether or not there be notice de mend, attempi to collect or wit pending; and the full amount of each and every wch payment shall bear interest from the dale thereof until paid at the rate of nine per centum par annum; and all eaid costs, charges and expenses incurred or paid, together with such inrerast, shall be secured by the Tien of thin mortgage. 6. Tf:at (a) to the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the -vent any of said soma of money herein referred to be not promptly and fully paid within thirty (30) days next after the tame severally become due end payable, without demand or noticz, or (c) in the event each and every the stipulations, agreements, conditions and covenants of eaid promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with end abided by, then in either or any tuck event the said ag- gregate sum mentioned In said promissory note then remaining unpaid, with interest ecuued, and all moneys secured hereby, shall become due and pay able forthwith, or thereafter, at the option of said MORTGAGEE, et fully end completely et if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory note or In this Mortgage to the contrary notwlthstending• end thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore ar thereafter begun, may be prosecuted es if all moneys secured hereby hid matured prior to its institution. 7. That in the event that et the beginning of or at any time pending any twit upon this Mortgage, or to foreclose it, or to reform it, or to enforce ayment of trey claims hereunder, said MORTGAGEE shall apply to Thu Court having jurisdiction 'hereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of raid mortgaged property all end singular, including ell end singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if tpeci(ically sei forth ar.d described in the granting and nabendvm clauses hereof, end such Receiver shall have all the broad and effective functions and powers in anywise entrusted 6y a Court to a Receiver, aid wch appointment shall be made by wch Court as an admitted equity and a maser of absolute right to raid MORTGAGEE, end without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of raid MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by ouch Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with end abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thercrof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such tvccessor or successor in interest with reference to this mortgage and the debt hereby tetis..ed in the some manner as with Mortgagor without {n any way vitiatir:g or discharging the Mortgagors liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged end no forbearance on the part of the MORTGAGEE or its avccessort or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or effect the original liability of the MORTGAGOR herein, either in whole or in part. )0. It is specifically agreed that time is of the essence of this contract and That no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the term: hereof or of the instrument secured hzrby. 11. In addition to the forego'ng monthly payments of print pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional cum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follos- ing: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises. C-Premiums on such mo,tgaga guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due end payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment end each successive month thereafter until mortgagee shall notify mortgagor of a change in such a~novnt. Such sums shall be applied by mortgagee toward the payment of real property taxes, inuurance premiums, and mortgage guaranty inwrance premiums. IN V~17NESS WHE the said MORTGAGOR has hereunto set his hand and seal the day and year fires aforesaid. S' ed, ale and ivered in Ihe.presence of: /~ _/ al) (, [ elm-Lsr~ sL ~ (Seal) (Seal) (Seal) STATE OF FLORID. ~ . . SS. COUNTY OF •~j~ f Ole Bernhard Johnsen, a.k.a. Ole B. Johnsen and Before me panonelly appeared - Adelina A"^ Johnsen, a.k.a. Adeline A. N:. Johnsen hie wife, to me well known and known to me to be the individuals described in end who executed the for of instrument, end acknowlad ed before me that the executed the same (or the purposes Adeline AM~Jo~-insen a.k.a. ~delina A. N~. Johnsen therein expressed. And the sei wife of the said Ole Bernhard Johnsen a.k.a. ~ Ole B. Johnsen upon a separate end privets examination by me taken separate end apart from her Laid husband, acknowledged to and before me that she executed said instrument freely and volun- tarily and without any compulsion, constrelnt, apprehension, or feet of w from her said husband. WITNESS my hand and official seal this ~S day of v . Notary Public in and for the State of Florida at largo My Commission expires: Return To: first Federal Savings i3 Loan Association AA pp Of Fort Pierce. ~.~-`t .C7 Notary Pub'!C, State Of F!Or'da 9t Lerv,B hey Comm s ~ ~ ' fort :Piero, Florida ' Q•l. ,,~RR,~,.~ -< ~Z~tr ~ Y r r ~ L .• ~~, ,,; ~ -~ l i son _xp~r~•s Agra ?4, I~+vS Fended Gy .4mer,~u:t Surety Co. of t y, ,, A~~4~°~ooK ~~ 19~Z L~EC 20 PM 3: 30 ROGER POITRASr GLERK ST. LUCIE COUNtY, FLORIAA , ~ n ~~.~,(sQ,U j,: r. ~ ~ fi -'°•S C ~~~ ~_ w~, t.y.., o .GVI~U,, i .~ ~, ~ f , ` ' ,~ '~,, ~c, - •