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3. To plsce ~nd continuously kNp on tM buitdinps now a her~ah~r ~tvar~ on ia;d I~rid ~nd on ~11 equipment ~nd pnw,aty covK~d by thi~ mort¢
•y~. with ~II preenivms ~he~eon p~~d in full, tiro inwwou in tM uwal sunderd pol;cy fwm, in • sum approvsd by tM JNORiGAGEE, ~nd windstorm
insw~nc+ i~ tM uswl uanda.d policy iam. in • ium approwd by tht AFORTGAGEE, I~ wch company q compsnies q tht MORTGAGFE msy ~
dinctj a~d all ftn and wjadsfw~m insv,~ polici~s on u~y of said buildinp~ sny int~rtsl thttcin or part thereof, in IM apprc~at~ wm ~fa~saW w i
in ~xcas tAereot, shall contain th~ ~nwl standud mor~ps~ cl~ p such otFw tiw~ p tM Maty~gss may requu~. m~tinp the loss unde. said po1F
ciet. exh and tvery, paYabk b said MORTGA(3Ef ~s its interest may tpp~ar, and each and ~very svcA policy shall b~ promp~ly us:9n~d and d~liver~d ro
sny MW by iaid NIQRTGAGEE as funhs~ secv~ity to said mortpaq~ d~bt, and, not I~ss IM~ tcn (10) days in advae~c~ of ths ~zpir~Yan of each po~icy. to dr
:iwr to aid N10RTGAGEE ~ rs~ewsl thersof, ~opethK with a rac~ipt fa tik pr«niwn of wch renewal; and rhere shall bt no fir~ o~ wir+ditam insv~anc~
plac~d on any of said bui?dinys„ any inte?nt therein or pa~t tF~eoi, unkss i~ tfis foem ~nd~ with tM losf payable as a{o~esaid~ and in tM ewnt sny swn
of moeey betpnes pay~ple vader wch policy a polici~s s~id MORTGAGEE shall haw ths optio~ lo roceive and apply the s~me on atcax+t af tt+e ii+dsbted~
nefs secur~d Mrtby a b parmit said NtORiGAGORS to rsceiw and ua~ it a any part thereoi Iw other purposes, without ihr~eb~ waivi~~g w unpair
inp aoy equify, lien or ri~hl wide~ or by virtw of this mortya~et u~d in tM ~ve~t ~aid MORTGAGORS ihall fa ~ny reason fail ro keep the ia;d premisa w'
insured. a t~il to deliver promptly ~oy of saW policies of i~w~~~u to wid NtiORTGAGEE, a fait promptty ro pay fully ~ny premium therefa~ a ln any
rospect fail ro perfw~ diacMrgs, execute` effect, con+pl~t~, comply with and ~bids by this covenant, or any part Mreof, said MORTGAGEE may pl~ a~+d
pay for such imuranc~ or any paA tF?Neof without waivinp w ~ffacta~p ~ny option, Iien, equity, o~ tipM vnder w by vi.tw of this Mu~y~e, and she
full anaunt of each and awry such paymeet thaN b~ imrnediately dw and payabls u+d shsll bear interett irom ths dat~ theteof ~ntil paid at tle~ ~a» ol
nfne per ca?twn par arnwm u+d together with such interest shall be secured by th~ IiM of this matp~ge.
To pKrnit, oanmit ar wffe? no w+sN, ynp~irment w deterioration of said property or any paN thsrwf.
S. To p~y ell md sinp~lar tha cwts, charpes ud exp~~sas, enclud'ag • reasonabb attorney's fee u~d oosts of sbitracts of titte. incur.ed or psid at
any time by s~id MORTGAGEf, beuuss a in f1K svenr of tM fsilvre on th~ part of ~M aid MOitTGAGOR to duty, promptly ~nd f~lly psrform, dwcM~yR
execute. effecb compkt~, comply with aed ablde br ~ach and every rhs itipulat~o~?s, apreemenn, conditro~s, ~rtd cove+wnts-o~ said promissory note and 1hu
mwf9ape a~y w ei~he?. and sa~d coan, ch~rpes and e:penses. each and tvery, shall bs inunediately due and payable; whe~her w rat thers b~ no~ice dc
mand. sttempt to colkct or iuit pendi~y; u~d the fvll arraunt of each ~md every such piyme~t shall bea~ interest from the d~te thereof until p~id at 1h~
rate of ni~e p~r centum per amwm; aod all said cwy, cMrpes snd expenses inctured or paid, tpgtther with s~xh interast, ilwll be ~ecured by tM lisn of fhit
^+wty+Q~.
b. Tha! (a) in tl~e event of any brexh of this Mortyap~ or defavlt on the pa?t of the MORTGAGOR, or (b) in the avent ~ny of said svms of money
herein referred to be not p~omptly and fully paid within thirty (30) dsya next after tF~e same severatly become due snd payabk, withovt demu+d a ootice,
e~ tn ths evcnt ead+ and every tAe stipvlatioe», agreements, cond;~ioos and covenaMS o( said p~omissory oots and th~s mortgsye any o~ either ue no1
iuty. promptly and iu11y performed. d~scharyed. exer~red, effected, compktsd, complied with and abided by, then in aither w any iuch ewm th~ s~id p~
gregsh wm mentioned i~ ssid promissory note the~ remaininp unpaid, witA interasr acuued, and a11 rr,o~eys setured h~veby, sh~p becomt dw and pay~
able fathwiNy or thereafter, ~t the option of s~id MORTGAGEE, as fi?Ily snd compl~teiy as if all of the said wms of money were wginally stipuiated
to be paid on such day, anything in said promiswry ewte w in rhis Nlorty~ge to the contrary notwithstsnding; and rhereupon or thereafte~ at the option of
seid MORTGAGfE, wi~hovt nw~ce a demand, wit at law or in equ;ty. therefwe w thereafter begun, may be prosec~ted as if ~II nwneys secured hereby
had m~tured piw to ib imtitWion.
7. That in the event tFwt at the beginninp of or at sny time pending sny wit ~pon this Mortgage, or w fweclose N, ar to refarm it, w to anfwp
payment of any cta~ms hereu~der, said A1pR~GAGEE shali apply ro the Coun hsving jurisd;ctan tFxreof tor the ~ppo;ntment of a Raeive~, such Cow1 shall
(orthwitA appoint a receiver of said mortgaged property a11 and singutar, inclutimg alt and singular tfie income, p~ofits, issuea and revenues from wMtwsr
wurce derived, ea:h and svery of which, it bein~ eapressly unde~atood, is hereby mortgaged u if specifically set fath and dewibed i~ the ~ranrirp and ;
habendwn clavses here,of, ar+d such Receiver shall haw aU the broad snd effeetive funct~ons and powers in anywise eotrwted by~a Covrt to a Receiver, ~nd ~
such appointment shall be made by wch Gowt u an ~dmitted equity and a ma~te? of absolute right ro said MORTGAGEE, ~nd without refere~nce to the
-dequaty or inadequacy af the wlt?e of the property mortga9ed o? to ~he solventy or insolvency of said MORiGAGOR or the defendsnn, snd that svch
renrs, profin, income, iuues and mvenues shall be applied by such Receiver accordinp to the lie~ or eqvity of said MORTGAGEE +nd the practip of s~ch
CouA.
8. To duh. promptty ard fully perform, d'acharge, cxecute, effecl, complete, mmply wiM and abide by eacA and every tM stipulatior~s agreert~e~»
conditiona and mvenants in said promisswy rwte and this mwtgag~ set forth.
9. Tha1 in the evem the ownership of the mortga~ed premises, or a~y part thereof, becomes vested in a person other tAan tl+e MORTGAGOR, th~
MORTGAGEE, in successors and assg~, may, w;thovt notice to tl+e MORiGAOR, deaf with :uch wccessor o? succeasor ;n infeaest wifh refe~ence to ihis
mortgage and the debt hereby securcd in the same msnner as with Mortgagw without in any way viti~tirg w discharging ihe NLorfqagon' 1'ability h~ra-
under o~ vpon the debl hereby secwed. No sal~ of the premises hereby mwtqaged ~nd no fwbearante on the part of the MORTGAGEE w,ip successon
ar auigns and no exrensi~n of rhe time fw the p~ymem of the debt hereby secured qiven by the MpRTGAGEE w iq successon or assiyns, aha~~ ope~~t~
to release, discharge, modify thange ot afftct tM original liability of ~he MORTGAGOR herein, either in whole or in put.
10. It is specificatly ag.eed rhat fime is of the essence of thi~ tontract snd thst ra ws'rver of snr obligaPwn here~nder or of ths pWiy~tion se-
cured hereby shall ar sny tirns thereahcr be held ro be s waiver of the te?ms hereof or of fhe instrument secu.ed herby.
11, In add;tion to tF~e forego:ng monthly paymeny of princ:psl snd interest requ'ued by the promissory note secured hereby, mort9~gor rnve~anh
and agrees to pay to mongagee with each monthly payment an addii~w~al sum estimated by mwtgagee to be tqual ro 1/12 of ehe annual cost of the follow-
ing:
A-AN real property taxes levied or assessed againsf the above described real esqte.
B-Premiums on fi?e and windstorm insvrance as htrein requ~~ed to be carried on the improvemean sitvate o~ the above deacribed prem'~ses.
C-Premi~ms on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the 4~an secured hereby,
Mortgagee shall from time to time ratify mwtgagw in writiog of tF?e amounf due and pay~bte hereunder eod such sum slwll N~ereupon be dve ~nd
payable on the due da:e of ~he next monthly payment and each successive month there~fter ur.til mwt9agee shall noti{y mortgagor of a change in such
amount Such sums s1:a11 be applied by mortgagee toward The p~yment of real property taxes, iosurance prem;~ms, and mwtgsge guaranty insurance
prerrtiums. '
IN WITNE55 WHEREOF, the said RTGAGOR h+s hereunto set his hand a~d sesl the day and sr fint afuesaid.
ed, Seale and er e pr4sente of:
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_ G6r~-•-- ~
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n
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STATE OF FLORIDA ~
coun~ oF St. Lucie '
9er«~ m. pe.aona~y app.,.~a David L. Johnston ~
V ineY M. Jbh1~'s ton hia wife, ro~ w~si k~ .~,e tno~, w ~,s w b.
the indrvidwb destribed in ~nd who execvled ths foreyoirg insttument, a~d sckrqwkdped befors me that they execvfed the axnt for th~ pwposes
rherein expreaxd. Md the sa' • h118'~OII -
wife of ths wid D!?V~d L• JO~hT1stOA
exsminaYan by me taken separate snd spart from her said husbind, " ' r
~ v~ke~r
tarily and withovt a~ryr compirbion, cantraint. +PPrehernion, a fesr of
or~h~er wid~husband. me that shs executed t~unll~ f~ .~fnQ r
WiTNESS my hand ~nd official seal ~ T~i OCtObQt - = ' ` ,
d,,, • i~o:. t~~
~ [r
Nobry Publk in and for th~ S~ Af ~ Cj
My ~upirp; •1' .
F~.a~ hd...i s,R; a~~,«;,:~ l.~ 7 FIIF~Q ANA ~ ~ r`-•;~~'
O~ Fort P]erce. ST.'LU~f~'C.O.~~='`'`~' ~
Fo.r PK.c~, F~«~d~ ~ i?~_CrJ.f~^ V~"R1'Ft~fl'•;-._
~ ~ 184~44 ~
~
This Instrument Pre red B ~69. OCT 13 PM 3: 23/ ~
Pa Y Ricbssd K. Ka?yes u~ ~ ~
Fi~st Federal Savings ~ loan Association
of Fort Pierce? FlOrida ~
~;C~~~~~~ ~•QII_. S
Chec{ced By~ • ~OOK180 ,~~~51 CLFRK CtRCUIT COUR'~
d
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