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To play and continuously keep on the buildups now or hereafter situate on said land and on all equipment and personally covered by this mortg• ego, with all premiums thereon paid in full, fire insurance in the usual s-ar+dard policy form, in a sum approved by the MORTGAGEE. and windstorm insurance to the uswl uarttfard policy form, in a wm approved by the MORTGAGEE. in such company or companies as tM MORTGAGEE may direct: and all fin and windstorm inwrance policies on any of said buildings, any Interest therein or part thereof, in the aggregate sum aforesaid a In excess thereof, sMll contain the vswl standard mortgages clause or such other clause as the Mortgagee may require, making the loss under said poli• ties, each and every, payable ro said MORTGAGEE as its interest may appear, and cach and every such policy shall be promptly au:gned artd delivered to any M!d by said MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the expiration of each policy, ro de• liver ro said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be rto fire or windstorm inwrance placed on any of said buildings, any interest therein a part thereof, unless in the form and with the loss payable as aforesaid: and in the event any wm of money becomes payable under such policy or policies said MORTGAGEE shall have the option to receive and apply the same on account of the indebted ness secured hereby or ro permit said MORTGAGORS to receive and use it a any part thereof for otixr purposes, without thxeb/ waivi~tg or impair- irp any equity, I'tan or right under or by virtue of this mortgage; and in the event said MORTGAGORS shall for any reason fail ro keep 1hs said premises so iruurad, p fail ro deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor a in any respect fail ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may place and pay for such iraurartce• a any part thereof without waivirp or affecting any option, lien, equity, or right under a by virtw of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of nine per centum per annum and together with such interest shall be secured by the lien of this mortgage. 1. To permit, commit or wffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and sirpular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at smy tune by said MORTGAGEE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharg4 execute, effect, complete, comply with and abide by each and every the stipulations, agreements, contlitiau, and covenants of said promissory note and this mortgage any a either, and said costs, charges and expenses, each and every, shall be immediately dw and payable; whether or not there be notice de- mend, attempt ro colkti or wit pending; and the full amount of each and every such payment shall bear interest from the dais thereof until paid at tfte rate of nine per centum per arutum; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of this _ 6. That (a) in the event of any beach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the sanx severally become due and payable, without demand of notice. or (c~ in the event each and every the stipulations, agreements, condi!ions and covenanter of said promissory torte and this mortgage any or either are red duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such event the said ag• gregsts sum mentioned in said promissory note then remaining unpaid, with interest accrued, and alt moneys secured hereby, shall become dw and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated ---+- to ba paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys sutured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, a to foreclose it, or ro reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall Forthwith appoint a receivN of said mortgaged property all artd singular, irtclud~ng all and singular the income, profits, issues and revenues from whatever source derived, cach and every of which, it being expressly understood, is hereby morgaged as if specifically set forth and desuibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE. and without reference ro the edequsgr or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such 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 and abide by each and every the stipulations, agreements, cortditiorts and covenants in said promissory note and this mortgage set forth. 9. Thaf in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such wccessor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under orupon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successor or assigns and no extension of the time for the payment of the debt fr_reby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affetl the orginal liability of the MORTGAGOR herein, either in whole a in part. 10. 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 terms hereof or of the instrument secured herby. 11. In addition to the foregoing 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 payrnent an additional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: ' A-All real property taxes levied or asc~ssed 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 mortgage gwranty 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 and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a charge in such amount. Such sums shall be applied by mortgagee toward the payment of real property razes, insurance premiums, and mortgage guaranty insurance premiums. ' IN WITNESS WHEREOF, th said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sealed an d r f the presence of: •r ~ ~ +n SeaQ an ` /Sean STATE OF FLORIDA 1 St. Lucie i} ~' courvnr of Before me personally appeared Denny W. JohnfsOn and Dona L. Johnson his wife, to me well known and known ro me to be the individwls described in and who executed the foregoirp instrument, and acknowledged before me that they executed the same fpr the purposes therein exprest-ed. And the seta Dona L. Johnson .. wife of th. said Denny Wa JOhnf30ri , upor~~ty tiepar~~ Ytc~ private examination by ms taken separate and apart from her said husband, acknowledged to and before me that she executed said ir(st?ifo-ltJl•F~iNly tirtd volun~ tarily and wifhoW any compulsion, constraint, apprehension, oC fear of or from her said husband. ~ ""' •. ~,`~ i .• s WITNESS my hand end official seal this ~ D r~ day of - -1 1A. D. iQ_ NOtary PVbliC~n~~Sfale'•bf Fio(RJa a~f lar~~` ~ Return To: first fedtral Savings b loan Association Of Fort Pierce. fort Pierce, Florida This Instrument Prepared By Richard K. Kayos First Federal Savings b loan Association o~f,,QFort Pierce, Florida Checked By ~Ct~- ~~ My Commaston expires: /,, ..~/iJ/„ - C _ , - FILED ANO RECORDED ~ .. ,,; . ; ~~` ST, LUCIE COUNTY. FLA. J .;r.~ -%r c t'• ~, 181246 ~,. • ~ r '69 J(I~ 3 I AM 10:56 / ~. 3`7/ ~` ~ RN/ R0~ ~P ?OITRAS CLERK CIRCUIT COURT aooK 179 ~c~ X00