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To ptx~ and contimwualy kcep on Ihe buildirys now w here~it~r ?ituaa oo ~aid lu+d and w+ ~0 equipment ~nd p~rw~,slly rnver~d by thii mort~- ~ sgs, wilh ~I) {xemivrtq thereon paid in full, fire insuranca in the usuai stAndard policy form, in • sum approv~d by the MORTGAGEE, and windstorm ! insvr~nc~ in tM u~wl uandard policy form, in a sum ~pproved by ths lNORTGAGFE, io iuch tanpany or cempanies u tht MORTGAGEE m~y ~ dlredp ~nd all fin and windstorm iniurance po~iciea on any of said bvild~np~, any intereat therein o~ part thereoi, tn ~I?~ a99reyate wm ~foresaid o~ in ~xtess Ihereof, sFwll conlain 1M ~swl stsndard matgsgee clause or such other c~ause ~s 1hs Mortgagee may req~'u~, makinp the Iosi unda iaid poli- ciei, eath a~d every, payable ro said MORTGAGEE as itf interest may ~ppear, and each and every zuch policy ~hall b~ promptly au gned a~d delivered ro •ny held by said MORTGAGEE as turther secu~ity to said matgage debt, and, not teu than ten (10) days in advance of the expiration of each policy, to da I~va~ to said MORTGAGEE ~ renewal thereof, to9eti+e~ with a rece~pt fa the piemivm of such renewal; and there shall be no fire or winds~am ins~rance p:ated on ~~y of s~id buildings, any interett the~ei~ or part thereof, unleu in tAe form and with the lou payable as aiaesaid; ~nd in tM event any ~um of mon~y becomes payable unde~ such policy or policies said MORTGAGEE shati Mve the option to rece+ve and apply the same on actovnl o( the indebtgd- neu setu?ed F~eby w to pe~mi/ ssid M4RTGAGORS to ~eceive and uss it ut any part thereof fa other purposes, wi~houl th.reb~ waiving or ~mpair- ~ny any puity, tien or right u:?de~ or by virtue of this mo:sgage; and in the event said MORTGAGORS shall for any reawn fail to keep the said premiies so inaured, or faif fo deliver promptly sny of said policies of insurance to said MORTGAGFE, or fail promptly to pay fully any premivm therefw w in any resped (ai) b psrtw~+A, discharge, exocute, effecf, complets, comply wi~h and abide by this covenant, w any part hereot, ssid MORTGAGEE may pl~c~ and pay fw suth inwranc* or ~ny put tt~ereof without waivinp or affectino ~ny ootion, tien, equity, w righr under w by virtus of th;s Mortgags, and the fult ~mo~nt of each and e+Kry such payment shall be immedutely due ana p+yabte and shall bear i~terest from the date thereof until pa~d at the rate ol nine ps~ centum per ~nnum and together wi~h such interest shalf be secured by the tien of this mortgage. To pamif, commit or suffer no waste, impairment w deterio~ation of said property or eny parf thereo(. 5. To pay all and singuls~ the costs, charges a~d expenses, 7nctuding a rcaso~able attomey': fee and costs of absr~acts of titls, incurred or paid at eny fime by said MORTGAGEE, becavse w in the event of the failure on the pa?t of the ssid MORiGAGOR to duly, promptly snd fully perfwm, discharge, rxecut~, eifect, complete, tomply with and ab;de by each ar+d every the ~tipulations, agreements, condi~ions, and covenants of said promissory rtote and this mwtgags sny pr eirher, and said costs, charges and expenses, each and every, slwll be immed~ately due and payable; whether w not there be notice do- mand, ~ttempt to CoIIM w suit pe~ding; snd the full amount of each and every s~ch payment shall bear i~terest from the date thereof until paid ~t the rate of nine per ceotum per annum; and all said cpsts, charges and expenses inturred or paid, together wAh suth enteresl, shall be setured by the lien of this mortp~. Q That (a) in the event of any kxeach of this Mortgsge w default an the part of the MORTGAGOR, or (b) in the event sny of ss~d sums of money herein referred to be not prompHy and fully paid within th~rty (30) days nexf afrer the same sevrratty become due and payable, without demand w rwtite, o~ tc? in 1he evcn! each and every the stipulations, agreements, cond~tions and covenanta of sa:d promiuory note and this mortgage any or either are not i~ly, promptly and fully performed, d~uharged, executed, eifected, completed, complied with and ab~ded `~y, tlxn in either or ~ny such eveM the said a¢ gregate wm meMioned in said prom;ssory nate then rema7ning ~npaid, with interes~ accrved, and all moneys aecured hereby, shall become due and pay- able fwthwitA, or therea{ter, at the optia? of said MORTGAGEE, as fully and completely as if all of the uid s~ma of money~were wiginally :Nputared ~ ro be paid on such day, anything in said promissory ~ote or in this Mortgage to the conrrary norwithstanding; and thereupon a f~reafter st the oplion of ; sa;d MORTGAGEE, without notice w demand, suit at law w in equity, thrrefore a thereafter beoun, may be prosecuted as if ali• ~noneys secured hereby nad maturtd prfor fo its institution. L. 7. That in the evenf that at the beginning of or at any time pendi~g any suit upon this Mortgage, w to forectose it, or to refarm it, w to enforce paymen? of any claims hereunder, said MORT(',AGEE shall apply to the Court having jurisd~ction thereo4 fw the appointment of a Receive?, such Court ahall Forfhwith appoint a receiver of said mortgaged property all and singular, includmg all arx! singutar fhe income, profits, iuues and reve~ues trom whatever ; source derived, each a~d every of whKh, it bei~g expreuly understood, is hereby mw~gaged as if spec;iically set fath and described in the granting and j habendum clsuses hereof, and such Receiver shalt have all the broad and effective funct~ons and powe~s in anywise entrusted by a Cou?t to a Receiver, and ~ such appoin :aent shall be made by such Court as an ad:nitted equity and a ma~ter of absotute r~ght to said MORTGAGEE, and without referrnce to the i adequxy a inadequacy of the vslue of the property mwtgaged or to the sotvency or ;nsolvency of :aid MORTGAGOR p the defendants, and that such ~ renrs, profits, income, iuues and revenues ihall be applied by such Receiver accordi~y to the lien w equity of ssid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fvlly perform, d;ubarge, execute, effect, mmplete, comply with and abid'e by each and every the stipulations, agreementt, :onditans and covenants in sa~d promiuory note and this mortgage set forth_ 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, 1he h10RTGAGEE, its succeuors and auigns, may, without notice to the MORiGAOR, deal wifh such succeuw or successor in interest with ?eference to this mortgage ar+d the debt hereby secured in the same manner as with Mortgagor wi~hout in any way vit~ating or d~xhargiriy the Mwtgsgors' liability hero- under w ~pon the debt hereby secured. No sale of the premises hereby mo~tgaged and no ~wbeararnce on the parl oF the MORTGAGEf w its suctessots or nuigra snd no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successo?s or auigns, ,ha~l operate to releax, d~scharge, modify change a affect the original fiab~l~ty of the MORiGAGOR herein, either in whole d in part. 10. It is specifically agreed that time is of the essence of this contract and that no wsiver of any obt~gat~on hereunder or of the obtigation s~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the inst?umrnt secvred herby. 11. In addAion to the fwego:ng monthly payme~ts of princ'pal and interest ~equired by the promissory no!e setured hereby, mwfgagor tovenants ; and agrees to pay to mortgagee with each morohly payrnent an add~iional sum est~ma~ed by mortgagee to be equal to 1~ 12 of the annual cost of the folfow- ir.g; A-AN rea! p~operty taxes levied or assessed agai~st the above desvibed real estate. B-P:emiums on fire and windstorm insurar,ce as herein requ:red to te carried on the improvemeits situate on the abore described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shail from t~me to time deem fit to carry on the Ioan secured hereby. lfAortgaqee shall from time to time notify mortgagor in w~iting oi the amount due and ~Sayabte hereunder and such sum sha!! thereupon be due and payabte on the due date of the next monthly payment and each successive month thereaft~r until mo~tqagee ahall notify mortgagor of a change in such amount. Such sums shall ~ applied by mortgagee ~oward the payment of real property faxes, insurance prem:ums, and mortgage guaranty ins~rance premiunts. IN WITNfSS WHEREOF, the said ~ORTGAGOR has hereunto set his hand and seal the day and year first aforeuid. S' Sealed a e resence of: ' ^ alj s~ . ~ Seaq STATE QF FLORIDA 1 S St. Lucie ~ counmr oF Before me personally appeared Ole B. Johnsen and Adelina A. ~t. Johnsen his wife, to me well known and known fo me to be the ind;vidwls described in and who executed the foregarg instrument, and acknowledged before me that they executed the same for !he purposes ~hero~o .:pre,sed. And rt,e sa;d Adel ina A. bi . Johnsen w~re of rM ~ra Ole B. Johnsen .,~,~,f..~,a a~„r. e~emi~ation by me taken uparate and apart irom her said husba~d, atknowledged to and before me that she executed ssid instrumeN ireely an(! vo~~rr rarity and without any compulsion, constraint, apprehension~ fesr of or from her iaid husband. WtTNESS my hsnd and official seal this ~ 3 day of June • o~ 19 •(?9 ~ - - z A-~- - j ~~'e~.rG ~ ~ ` ~ ` ~ . Notary aublic in and fw ths Siat~ of Floiids ~f larp~ My Commiuion expires: ~ 1~ j•~ ' Retum To: • - fint Federal Saving: a~„? n„«~ar;o~ FILED AND RECOf~~E " ; of Fo~~ P~erce. ST. LUCIE COUWTY: ~'LA: ; . - Fort Pierce. Flwida G ^ ^ ~j! n ~ ~ ~ ~ ~ ' ~ i`79'78~3 This Instrument Prepared By Richard K. Kayes Zy P~ 3• ~ 9 First federal Savings b loan Association of Fort ~ierce , Florida ~~~'!f ~ =•~~~iTr[.S Checked By CLERK i i~Cl.'IT CQURT 0 R ~'~8 PAGE~~~9 ~ 800K ~ cf ~ - ~ ~ . - . _