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To plue and continuously keep on the buildings now or hereafter situate on said land and on all equipment and personally covered by th s mortg• ' age, with all premiums thereon paid in full, fire insurance in the usual standard policy form, in a sum approved by the MORTGAGEE, and windstorm inswance in the usual standard policy form, in a sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may direct] and all firs and windstorm insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause or such other clause as the M~+:tyagee may require, making the loss under smd poll. ties, each and every, payable to said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly au.gned and delivered to any la:td by said MORTGAGEE as further security to said mortgage debt, and, not leu than ten l10) days )n advance of the expiration of each pC1icY. to de- liver fo said MORTGAGEE a renewal thereof, together with a receipt for tlsa premium of such renewal; and there shall be no fire or windstorm insurance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the lou payable as aforesaid; and in the event any sum of money becomes payable under such polity or policies said MORTGAGEE shat) have the option to :~caive snd apply the same on acccwnt of she indebted- neu secured hereby or w permit said MORTGAGORS to receive and use it or any parr tMreof tnr n:nrr purposes, waho~t th_rebr waivu~.g or unpau- ing any equity, lien p right under or by virtue of this mortgage; and in the event said MORTGAGORS shall for any reason fail to keep the said prern;ses so insured, or fail W deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any prensium therefor w in any respell fail 1o perform, discharge, execute, effect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may place and pay for such insurance or any part thereof without waiving or affecting any option, lien, equity, or , fight under or by virtue of this Mo+tgaga, and the full amount of each and every such payment shall be immediately due and payable and shalt 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. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singulu the cods, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid st any Ymte by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge. execute, effect, complete, comply w+th and abide by each and every the stipulat+ons, agreements, conditions, and covenants of said pranissory note and this mortgage any or eT!her, and said costs, charges and expenses, each and every, shall be immediately due- and payable; whether o- not there be notice de- mand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid s1 the rate of nine per centum per annum; and all said costs, charges and expanses incurred or paid, together with such interest, sfwtl be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on tlw part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be rat promptly and fully paid within thirty (30) days next attar the sa+ne sevaratly betome due and payable, without demand or notice, or (ta in -he event each and every the stipulations, agreements, conditions and covenants of sa,d promissory note and this mortgage any or either are net duty, promptly and fully performed, discharged, executed, effected, co+npleted, complied with and ab.rird 5y, then in either or any such event the said ag• gregste wm meNioned in said promissory not? tMn remaining unpaid, with interest accrued, and aa•.+aneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of tl,e 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 notwithst~nd;ng; and thereupon or thereafter at the opr;on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby had matured error to its institution. 7. chat in the event that st the beginn;ng of or st any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or fo enfcrce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction ti+areof for the appointment of a Receiver, such Court shah forthwith appoint a receiver of said mortgaged property all a.sd sirsgular, Trclud+ng all and 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 spet:fically set forth and described in the granting and habertdum clauses hereof, and such Receiver shall have all the broad and effective funct.ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an ad+nitted equity and a matter of absolute r;ght to said MORTGAGEE, and without reference to the adequacy a inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accord+ng to the lien or equity of said MORTGAGEE and the practise 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, condit'arts and covenants in said promissory rate and this mortgage set forth. 9. That 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 auigns, may, without notice to the A10RTGAOR, deal with such successor or successor in interest with reference to thin mortgage and the debt hereby secured in the same manner as with ~Jlortgagor without in any way vitiatrrtg 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 successors or assigns and rto extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or aurgns, atiall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. T0. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblgation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. T 1. In add;tio:t to the foregoing monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly pay+.~ent an add+r;onal sum animated by mortgagee to be equal to 1 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai•rst the above described real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improveme:tts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to t;+ne deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount dui and payable hereunder and such sum shall thereupon be doe and payable on the due date of the next monthly payment and each successive month thereafter ur,t;l mortgagee shall not;fy mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said RTGAGOR has hereunto set his hand and seas the day and year first, f said. Sig algid a de ' + d presence of: aQ . , ,~ csea0 tsea4 ~• (Seal STATE OF FLORIDA } SS. COUNTY OF $t -L[ i e 1 Before me personagy appeared Paul JO *s50n and Katie Mae Johnson his wife, to me well known and known to me to be the individvsb desuibed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said atie Mae JOh_nSOn wife of the said Paul JOhnson -- upon a separate toll pnwq examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instruntent.freaty and volun• tarily and without any compulsion, constraint, spprehens;on, or fear of or from her said husband. - . - 7td da of ~ A. ~D., Tq ~~ WITNESS my hand and official seal this ~~ --~ Y -. r ~ Notary Public in and fa the%t~tate of flotilla at large ~s, ~ ~' My Commission expire nA%1 ~ r , Return To: ~ ' Viler ,~ - ~ ~ gTLLUC E CO~NTY~- - First Federal Savings b Loan Association ` _ OF Fort Pierce: Rf CORD VE 4 ~~~ Fort Pierce, Florida 18231 This Instrument Prepared By Richard K. Keyes First Federal Savings 8r Loan Association of Fort Pierce ~ Florida Checked By ~--- BUOK 1x19 PAGE~645 .~_ _ -- '69 AUG 26 PM `~ ~ 5 :l~G~"' I"C~TF:.S CLERK CIRCUIT COURT cf