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S. To plaa and contUKw~?sy kNp on tM buildinps now a Iw~+fia sitv+t~ on asM land and on sll puipment ~nd pK~a++ly covKd by this mort~
w~~h ~II pr~miwns therwn p~id tn full. fin faavru~a in the vwal sur+da.d policy fonn, in s wm approwd by tht MORTGAGEE. ~nd windstwm
irow~na in tIN uiwl sund~.d policy fam, in a wm approwd by th~ MORTGAGEE. in wch comp~ny or comP+ni~s a th~ NWltTGAGEE e++y
dinctt am! all f~e u?d wi~brorm i~?awana policia on any of said buiidinp~„ any tntK~st tha~ie w put th~rwf. M tM appre~~t~ wm ~forts+id at
in ~xass thKeof, sMll eantain tM usual standud mort~a~ tl~us~ a wd~ othM tiw~t a tM Maro~pe~ m+y rpvir~, m~kinp ti+~ loss u~ s~id po~E
cia, exh ~nd every. p+Y+bi~ b ssid MORTGAGEE +s ib le?tarat rn~y app~ar. and ~ach and ~wry wd? policy sMll b~ prompHy ass:~n~d and dtlivered to
•ny Mld by ~id /yIORTGAGfE as funhp secv~ity ro s+id maty+p~ d~bt. +nd. no~ Nss tF?~n ten (10) d+YS G? sdvance ot tM ~xpuation of Nch policy, ro d~-
liv~t to said MORTGAGEE • r~Mwal tMr~of, top~tM? with a rec~ipt fot tM premium of wch ~er~ewalp and there sh~ll be no f'u~ a winditorm insvr~nu
pl~ad on ~+y of aid build'ugs, any inrerest tMnin or psrt tMrsof, unless in tM form and wi~h tM loss p~y+bt~ as ~fwesaid~ a+id in 1M ~wnt ~ny win
~ m~rKy ~pMS p~Yab~ ~nd~? such pol{~y a polici~s ssid MORTGAGEE shall Mw the option ro receive and apply tM s+m~ on +ccamt of the ind~bt~
nas Ncur~d ha~bp a ro permit s~id MORTGAGORS to nceiw aod ~ it w any part theraof fa othe. purposes, wi~hout thereb~ waivi~g a impair
irg any puity, lia~ w r'ght u~ds~ w br virtw of this mortpapes +~+d ~ tM evMt said MORTGAGORS shall fw ~ny reason fsil ro keep tM s~id p?~mises so
insured, a fail to deGve~ promptly any of s+id policies of inwrana to said MORTGAGEE, a faii promptly ro p+y fully a~y premivm therofw a in any
nsp~ct fail b pKtore~, dixhar9e. ~xecut~. ~ffect. oomplet~. oomply with u~d ~bids by this cownaM, or u+y pan hsrwf, said MOR7GAGEE m+y p~ac+ +nd
pay for such intwanc~ ot ~ny part tMnof without walvirg a ~ff~ttirp ~ny option, lien, pviry, or ri9ht u~de? or by virtw of this Mortya~, u+d the
full a~novnt of ~sch and tvKy such payma~t shall b~ imrt~ed'uttly du~ and ;uyabb ~nd sMll beH h?t~~est fram ths dal~ thareof uatil p+id at tM rat~ ol
nins p~? unwen pK anrwm snd toyether with wch intarest th+ll be securcd by tl» li~n of 1F~is mo~tQaye.
1. To permit, oomrnit ar suff~r no wast~ Mnp+irment or deteriwation of s~id property or +rw P~rt thaeof.
5. To pay all snd ~irgvlar the costs, ct~ar~s and ~xpe~ses, irxludinp s reaso~+bl~ anwney's fee and costs of sbstracts of titl~, irKVrred a paid at
any time by s~id MORTGAGEE, becavse or ii? the ewnt of tM failure on the 'p~M of the ssid MORTGAGOR w duly, prompdy +~,d hrur Pe.t«m, d~sc?uroa
exscute, ~ffsp, complet~, comply with and ab:de by tach u~d every the stipulaiwns ayreements, ca+ditiaa, and coven~nn of ssid prom~uory nore and rhi~
mo~rtQap~ ~ny w eitiwr. uid said cosn, cMrpas and expenses. each u+d ~very. sh~ll be in+mediately dw and payable: whether a not ther~ be ~otice da
mand, attempt to colktt a wit pendinpj ~nd tM fvll erraunt of each and eve~Y wch WYmeM shalt bear interest from IM dats thereof until paid at the
rate of nine per centum per amium: and all said oosts, chsr~s and expenses incurred or p~id, eogether with such intereit, shall b~ setured by the tien of this
^wtq+~.
b, Th~t in the went of any breach of this Mo.tysp~ or def+u~t on ~Fr Wn of ths MORTGAGOR, w(b) io the went any of sa~d svms of eaney
hcrein referred to be not promptly ~~+d fully psid within thirty (30) days next after the same severalty becane dve and paysble, without dem~nd w notice.
w W in tM event each srd every tM stip~lations. agraem.r?n. cond~~ior+s and cown+~n of ss~d promissory note and th~a mortpa9e any or either sre not
~uly, ao~+~?ry a~d toih Pe.fo.~„ad. d~sdwryed. execvted. ~ffected, caep~eted, ca^P~ied with and abided by, than in eittur or any such ~vent the said ag
preyat~ wm mentioned in s~id promissory note the~ remaininp unp~id, with imerest ~cuued, and all ma?eys secwed hereby. sh~ll become dw snd pay-
abb forthwith, p ~I1Q~NNN~ ~t the option of said MORiGAGEE, u fuly ~nd comple~ely as if atl of the said sums of money were wiginally stipulated ~
to be paid on s~cA dsy, ar~ythirg in said promissory noM or tn thb Mort9age to the contr~ry notwithstandi~+g; and ~hereupon or thereafter at tht optia? of
•aid MORTGAGEE, without notice w demand, wit at law a in p~ity, therefore w thereafter begvn, may be prosecvted as if all mo~eys sea?red I+ereby
had m.n,red prar ro in inttitu~~on.
7. That in the event that d the beginntrg of or ~t sny time pending any wit upon this Mwtgage, w to faeclose i!, or to roform it, a to enfwa
payment of any cla'uns hereunder, said MORTGAGEE sMll apply to the Court having jvrisdiction thereof fw the appointment of ~ Receiver, such Cowt shall
forthwitA appoint a receive? of said mort9aged property +II snd sinp~lar, includ~ng all and singulsr the income, profin, iuues and revenues from whatever ~
tource derived, each and every of whith, it beiny expressy undtrstood, is lxrcby morrgaged as if spet~fically set fath and destribed in the ~rantir+y and
habendum davses hereof, and s~ch Rec~iver stall Mve sll the broad and effective fu~ct~ons a~d powen in anywise entrusted by • Court to a Receiver, and ~
such appointment shall be made by such Court es an admitted cquity and a maner of absolute right to said MORTGAGEE, ~nd without reference ro tM ~
edequacy o~ in~dequacy of the wlue of the proparty mo~tpaped or to the solvency o~ lnsolvency oi said MORTGAGOR or the defendants, and that such
renrs, profin, income, issues ar+d revenues shall be applied by svch Receivet according to the lien or eqvity of said MORTGAGEE and the practiu of such
Court.
8. To duly, promptly and fvlly perform, d~sch~ry~, exscute, effect, eompkte, oomply with ~nd abide by each and every tl+e stipulatia+s, ayrecmenb,
condifions snd covenant~ in said promissory rwte u~d this mortyage ut forth.
9. That in the ewent the ownership of the mortgayed premiaes, or a~y part ~1~ereof, becanes vested in • peraon othe? than the MORTGAGOR, th~ i
MORTGAGEE, iri successors and sssigns, maY, without ~otioe to the MORTGAOR, deal with such wccessw or successw i~ intcrest with reference to this
mortgage and 1F~e debt he~eby secwed i~ tfie sams mamer as with Mortgagor without in any way vitistin~ o? discharging the Mwt9agors' liabilify hsr~-
under w vpon the debt hereby secured. No sak of the premises hereby mwtgaged and no fwbearance on the parl of the MORTGAGEE or iri s~rccessors ;
or assigrn and no extension of tF~e time for the payment of the debt F~ereby secured given by the MORTGAGE'_ w iri successors or ssslgns, shall operat~ ;
to release, disch+r9e, modify cMnge a affed the wiginal li~biliry of the 1NORTGAGOR hereir~, either in whole or in part. ~
10. It h spec~fically agreed that time a of the essence of this contract s~d ~hat ~o waiver of any oblgation hereunder or of the obliyaYan se- '
cured hereby sh+ll at any time thereafter be held to be a waiver of the tcrms hereof a of the instrvmeM secured herby. t
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11. In add~tion to the forego:ng monthly payrt+ents of princ"pal and interest required by the promtuwy note sec~red hereby, mwtgagor tovenants ~
and agrees to pay ro mortgagee with esch monthly payme~t an addi~ional sum estimated by mortyagee to be eqval to 1/12 of the annual cost of the follow- F
A-All real property taxes kvied or assessed against the above deuribed real estate.
B-Premiums oe fire and windstorm inwrance az herein requ~red to be urr'~ed on the improvements situate on the above deu~ibed premises.
j C-Premiums on such mortgage guaranty insurance as mortgsgee shatl irom time to time deem fit to carry on the loan sec~red hereby.
Mwtgsgce shatl from time to time notify mortgagor in writing of the amount due and paysbk hereunder and such sum shall thereupon be due and
payaWe on the due date of the neat monthly psyment and each successive month thereafter vrtil mwtgsgee shall notify mortgago? of a change in such ~
amount. Such sums shall be applied by mortgagee towsrd the paymem of real property taxes, insurance prem.ums, and mortgsye yuaranty insurance
prernivrns.
~ IN WITNESS WHEREOF, the ssid MORTGAGOR has hereuMO set his hand and seai the day ar?d year fint afwesaid. i
~ $iyned, lad and deli pnsente of:
0 ~
'
~n
rs.,n
STATE OF FLORIDA
COUNTY Of $ t• L 11C 1@ ~ ~ i
defae ms pNwnally ~~d Williant F. Johnson, A Sinale Adult .,,d
his~wiier•to ms wetl known and krwwn to me fo b~
the tndividuab desvibed in u~d who execvted ths fore9oin~ instrument, and ack+wwledped befwe m~ that ~bN ~aecvted the same for ths pwposes
h~
thereie t:pr~s~ed. And Nw-wi~ f
~
e,~n~ins~ie~rby~-n~t~l~ew ~~rM~ ~~?aA-iww?.Iw- wid~wsbardracWovrl~d~~to ~o~hefore.ro~.t6at she~vladisid ie~tn~nw~}4rwi~r-~wi v~oluw-
t~eil~ s~,d-..A+,ei,?,n,-ca»pul~is~, s~nMr~inb +'P~^~r~-h+r «_f.uw.•f»~..id iN,.i.wd. ~ ~ Jt _
~ d+Y .X1lII@ - ,~~~~a9f22
WITNESS my hand u~d official stal this ` of -t :.~=7
~ ~ ~ 1
~ Notar P lit in ard fw the bf f~0?ida~
ion ~xpirrs: r,~ . -
Return Ta. f tI.ED AND REC•K ;3- r~
~ ST. WCIE COUNTY, FlA• , :•c,_,~
~ ~-~rn s~~, a ~.«~r~, RIFtED = ~ = : o _
a F~+ P~~«~. RECORD VE
fort Pierce. Florid~ l,'i~I~ j a'-4•• ~ ~ r' ~
.
'69 JUN I 7 PN !2 : 0~ ~ . - . .
This Instrument Prepared By i~~
First Federal Savings b loan Association ~pGER P 17R
~ of Fort Pierce CLEaK CIRCUIT COURT;
Chedced By B~.~Y° a -
f .f~fi~~~ ~ ~ „ t..~
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