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Home My WebLink About1829 1 ' f ; r' . ~ ` • . i Z. To pl+u and continuously keep on ~M buildinya now a Mre~ha Wtwt~ on s~W land a~+d on ~11 puipnunt ~~+d penon+lly cowred by this mort~• p~, with all premiu~ tM~eon p+~d in full, fin insuranu in ~he ~ival it~ndard polity fam, ~n a sum apprawd by tM MORiGAGEE, ~nd wind~tam insvrann In tM v~ual st~ndard polrcy fam, in a svm ~pproved by th~ MORTGAGEE, i~ such canp~ny w compa^les u tM MORTGA6EE m~y dinct~ ~nd all f'u~ ~nd windsa~m i~iwanct policiet on ~ny of s~id bviid~np~, any int~nit thtrtin or part thc~eol, in tM ay9rp~t~ swn afwt~aid w in ~zcHS ~h~nof, sMll ca+uin fM uswl itandud morty+9N clause a ivd+ othe~ cl~us~ u tM Mort9a~e~ m+y ~pv'u~. maki~p ~M lou undN said poli~ cia, Nth a~d ~wry. pa~abl~ ro ssid MORTGAGEE aa its i~te~est may ~ppNr, aod each ~nd ~very s~ch policy ~hatl b~ promptly au:yn~d and d~livK~d to any Mld by s+W MORTGAGEE ~f furthN secvrity to said mortpap~ debt, ~nd. not leu ~h+e t~n (10) days in +dv+nn of tM ~xpiration of exh policy, to dr liver ro s+id MORTGAGEE • nnswal thereof, topetha with a~ec~ipt fw the premiwn of such r~new+lr end tMn sh+ll b~ r+o fit~ w windstarm inwrant~ plau.:! on ~ny of ~aid buildi~ps. any intar~at thK~in or paN thKwf. ue+l~ss in tM form'and with tM loss paYsbl~ as afa~saidr ~~d in the w~nt any wm au of mw~y becwn~s p+Yable u^der wch Po1kY a polici~s aid MORTGAGEE ~hall Mw tM option ro receiw and •pply ~M s•m. on +cca+n~ ol tM ind.b~.d~ , ness ~tcvnd Mt~by o? b pa~mit s~id RAORTGAGORS fo reuive ~~d ~n~ it a~~y part tlxreof for othcr purposei. without thxeb~ waiving w ~mpair• ~ lrq ~ny puify, liq~ or ripht w+de~ or by vi?tw of this mwty~ytt ~~d M+ th~ ~vent taid MORTGAGORS shall (a ~ny rtasot~ isi) to ke~p tM s~id pr~mius w ~ intuted, or fall ro eitliver ptanptly ~ny of ~aid policies of inivn~cs to s+id MORTGACsEE, or fail promptly to p+y fully s~y ptemium thersfp p in any ; reipect f~il to pe~(aen, diuhu~, ~xecuro, ~ff~ct, canplete, comply with and ~bid~ by tAi~ covenaN, a any pa~t hereof, said MORTGAGEE may plac~ and ' paY fa wd~ imwanc~ or +Mr put thKeof witho~t walvinp w+ff~dinp ~ey option, li~n. puity. o+ righf vnde~ a by virtw of thii Mortpa~~. and 1M full smo~nt of tach and ~wry suth payrrwM sh~~l be i~runtdi+tely dw u~d p~yabb ~nd sMll beu irosrest from tM datt thereof until p~id at tM ~~t~ oi nin~ p~r untwn pa annum ~nd togelher witA wcA i~+terest sF?~II bs secured by tl~ li~n of this mort~+pe. 1. To p~rmit, ooenrtut w wff~r no wut~, imp+irment a der~~iw~tion of wid property w~ny put thereof. S. To pay aU ~nd si~pul~r tM.cost~, cl+arpes and expenses, includirg a reasonsbl~ sttwney i fee and oosts of abstracts of title, incurred or psid at .ny ti~n~ by sa~d Nk7RTGAGEE, beuus~ or in tM sve~t of the fail~~e on the psrl of tM ssid MORTGAGOR ro duly, promptly and fully perfam, d~scMrga e:ecute. effect. complet~, comply with and abide by each and every tF+e stipulat~ons. ~greements, caditio~s, ~nd coven~nri of said promiswry note and thu mortq~ any or either. and said oosn, charqes and sxperres, esch and every, sMll b~ immedistely dw ~nd p~ysble: whetF~e? or oot ther~ be notice ds mu~d, ~ttempt ro collect a svit p~ndinp; ud tM fvll u~wunt of each u~d wery wch paym~n~ ah+lt bea. iroerest from the date th~~eof uotil p~id at the rate of nine per centum pe? arnwm; ~nd sll uid c3sts, ci+ugd and expensea ii+turred w paid, topetha w~th wch interat. shill b~ setured by tM liw~ of thit mort0+y~• 0. That j~ in the event of u~y b~each of this Mort9sp~ w defsuh on tFr part of the MORTGAGOR, or (b) in fM event u?y of taid wms of money h~er~in ~~fernd ro be not promptly a~d fully paid within tFi~rty C30) dsys nex~ •frer the ssme sever~tly become due +nd p~yable, without d~mand a notice, or (V in the twnt e~ch and every the s?ipulations, s9reemenri, conditia?s aod toven~nn of ~~d promiuory note ~nd th~~ mwtgape any a either +n nol luty, pranptly and fully performed. d~schsrqed, executed, effected. completed, compl~ed with and abided by. then in eifher or sny such ~vMf ths said ~ pregat~ wm mentaMd in said promissory note then remaining unpaid, with interest atuued, a~d all moneys setured hereby, sMll becom~ dw and p~y~ ~ble fathwitlw, p fAlfNffN. at the option of s~id MORTGACaEE, as fvlly ~nd compktely as if ~II of the wid wms of mor?ey were aiginally atipu~~ted ro be paid o~ such day. anythiny in sa~d promissory nots o? in thia Mortgage to the conrrary notwithstanding: and there~po~ or thereafter the op~an of ' uid MORTGAGEE, withoW notKe w dem~nd, suit ~t laar w in equiy, therefwe w thereafter begun, may be prosecuted u if ~II monsys secured Mnby j had rt?~tured prior to in institution. ~ ~ 7, That in tM event that st the beginniny of or at sey time pending soy wif ~pon this AAortgage, or to foreclos~ it, oa fo roform H, w fo enfwp ~ payment of sny tlaims hcreunder, said MORTGAGEE shall apply to the Cou~t having jurisd7ction thereof fw the ~ppo~ntment of ~ Receiver, wch Cou?~ shall fortFiwith appoiM a receiver of said mortgaged property all and singula?, includ~ng alf and singulsr the income, p~ofits, iuues snd rovenves from wlutever wuru derived, each ~nd every of wh~ch, if being expressty understood, if F+ereby mortgsged u if tpetifically set fwth ~nd desuibed in tlk pr+nting +nd . Mb~ndwn clavses hereof, snd such Receiver shall have alt the broad and efiective fvncnons and powers in ~eYwise cntrusted by a Coun to s R~ceivsr. ~~d •uch +ppdNmeM shall be made by such CouA u an admitted equity and a mattcr of absolute rght to said MORTGAGEE, u~d without referente to the adeq~~cy w inadequacy of tM valu~ of the property mwtgaged or to the wnrency w~nsolvency of ssid MORTGAGOR a the dcfendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accotdinp to the lien w equity of s+id MORTGAGEE and the practiu of such CotiA. ' 8. To duly, p?omptly snd fully pe?fo?m, discharge, exetvte, effect, complete, tomply with and abide by each u~d every ths stipul~tions, agre~m~n», conditiom u~d covenann in said pran'~ssay ~ote and this mortgsge set fwth. 9. That i~ the event tM ownenhip of the mortgsged premises, w any part thereof, becanes vested in s penon other than the ARORTGAGOR, ths MORTGAGEE, in successors and auigns. may, without notice to the MORTGAOR, deal with such succeuw or successa in interest with refere~ce to this mwtga~e and the debt hereby searred in the sarne manner as with Nbrtgagw withouf in a~y way vitiatiny or discMrging the Nbrtgagors' lisbility here- under or upon the debt hereby secured. No sak of the premius hereby mortgaged and no forbearance on the paA of the MORTGAGEE or its successon ~ or suigns snd no extension of the time for the paymeM of the debf hereby secured given by tF~e NWRTGAGEE or its succeuws or aui9ns, ,hsll operate ro releas~, disch+rye, modify change w affect the wig~nal liab~lity of the MORTGAGpR herein, either in whole w in part. 10. It is specifically sgrecd that time is of the essence of this contr~d and that no waive~ of any obligatan hereunder or of the obligstae? se- cured hereby sF~all ~t any time thereafter be held to be a waiver of the terms hereof o~ of •the instrumeM sedired herby. I1. In add~tion to tF+e forego:ng monthly payments of princ'pDl and inte?est required by the prom~ssory note secured hereby, mwtgagor tovena~ts aN! sgrees to pay fo mortgagee weth esch monthly payment an addirional sum estimated by mortgagee to be equal, to 1/12 of the annual cost of the folbw- 'ng: A-All resl property taxes kvied o? assessed against the above described real estate. B-Premiums on fire and windstorm inswante as herein requ~red to be carried on the improvemenn situate on ths above desvibed premises. C-Premiums on such mortgsge yuarat~ty insurance as mottgagee shall from time to time deem fit to urry on the loan secured hercby. Mortgagee shall from time ro t~me notify mortgagor in w~iting of the amou~t due and payable hereunder and such sum shall thereupon be due and pay~bb on the due date of the next monthly payment and each successive mo~th thereafter urtil mortgagee shall notify mortgagor of a change in such amounf. Such sums shall be applied by mwtgagee toward the payment of real property taxes, inwrance prem:ums, and mortgage g~aranfy insurance 'I premiums. IN WITNESS , the MORT GOR has hereunto set his hand u+d seal the day and year fint aforesaid. j Sealed the e pf: ~ •n ; - ' d •n , STATE OF FLORIDA ~ St. Lucie courmr oF defore me Perwo+lly appearcd T.r~nn ~Tnhns~n ar,d ArLnie I,O1118A Johnson his wife, to me well known and known to me to bs rhe individwls described in and who executed the foregoing instr~ment, and ~cknowledged before me that they executed the same for the pwposes ?here~n ex~essed. And the ss~-+ Ariri~6 Louise Johnson wife o4 tF~s said Leon Johnson vpon a sepaate snd priv~t~ examin~Ya~ by me taken upsrate and apart from her said husbar+d, ~cknowledged to and before me that ahe e:ecuted said imtrument fretly and volun- rarily and w~thovt any compulsion, constraint, appre ion,~r/feu of or from her ~aid husband. . ~I~i ` WITNESS my h~nd and offic~al seal thi day i „•A.,A: lq 68 ` ~ k ~ S ` ` ~ ' , ~ Notsry P~blic in ~nd fw the Sta~b .df fJorid~at L.~rye My Commiuion expires: - . ~ ' - - / : Retom fo: - _ C; : . ( , - First Fedet~l Savings a loso AssociaYan • ` NOTARY P~B~tC, SikTE of FLCi$Ipp at LAR~O • = Of Fort P;erce. MY COMMISSION EX?IRES NOV. 29, 19g$ ~ 6• j = • ~ Fort Pierce. Florids eoHUCO THaouaH fpEO W. DIEgTELNOR4T " % j~ : ` , FILED ANO RECO ~ ~ ST. L.UCI ROEEY• This instrument prEpared by RE_CORD VFF. FY~pLA' •s=;:..~. L~ ' _ ? ~ First Federal Sav. & Loan Assn. 166s11 ~ ~ ot Fort Pierce '68 APR 29 AM i0: 7 ~ Qv D.__Chastain ~ Ji(3GF ~ r OtTRIaS i ~ ~ CLERK~~ •COURT - rb ~ ~ 8~~`~1 ~ ~ ~ ~~827 . . ~x ~ V i ~ - ; _ . ~ `w~' "3 a~ '.:A