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To plac~ +nd continuadsly ktep on tFa b~i:dinps now w her~aftK ~itwfe on ~aid ~u+d u+d on equiWneM ~^d PQ~w^~~~Y ~overed by this matp~ •gs. with ~II p?em~ums ~hercai pa~d in fufl, fire insur~nce in tM uswl sunda:d poliq fam, in • sum approved by the MORTGAGEE. and wi~dstam insur~nct In ths uiual q~ndard pol~ty fwm, in a ium ~pprov~d by tht MORiGAGEE; in swh company or comp+nies ~s tM MORTvAGEE m:y diroc?j and a~l fire ~nd windstorm i~su~ance policies on any of iaid buildirgt, any inler~~1 therein or put thereof, in ~he sygregate wm ~for~said a in ~xuss tAer~of, thall contain the uiwl sundard matya~ tl+use w such o~F~ claus~ ai tM Matps9e~ may requ'ue, m+Ainp tM lou unda sa~d po1F cie~. eatF~ and every. paYaWe to uid MORTGAGEE aa ~fs inte~est may ~ppear. and each and every svch policy shail bs promptly au.yned and delivered to any held by said MORTGAGEE ai further secu~ity to iaid mortpage debt, and, oot less than len (10) days i~ advance of the expirstion of each polity, to da ; live? to said MORTGAGEE s renewal thereof, to9etha with a rateipt iw tM pramium of svch ~e~ewal; aoJ there shaii be no firo ot windstorm irouranc~ ~ plac~d on ~ny of iaid buildings. any intereat Iherein or part thereof, unleu in the form ~nd with ti,~ loss p+yable as afwesaid: and in the event ~ny wm of mon~y becanes payable undsr such policy a policiss said MORiGAGEE shall Mvs ~he option to reccive and appty the same on acco~N of the indebted~ i neu ucurwi .`.ereby a to permit said IMORTGAGORS fo ~eceive ~nd us~ it a+ny ps~t thereof for other p~rposes, wi~hout thercb~ waivi~~9 or unpair- ing any equity, lien w riqht und¢r or by virtue of this morty~ge; ~nd in tM event said MORTGAGORS shall fw any reason (ail to keep the said premise~ w insured, o~ (ail b dsliver ptomptly sny of taid pol'K'ies of insur~nt~ to said MORTGAGEE, w fail promptly to pay fully a~y premium therafor or in ~ny respect feil b periorrty discharge. execute, effect, complete, co+nply with and abids by this mvenan?, or sny part hereof. said MORTGAGEE may plac~ +nd paY fa such insurancs a any pan tlxreof without waivinp or ~ffectinp any optwn. lien, equ~ty. or right u~der a by vi.tw of this Mutgape, ~nd the full amovnt of each ~~d every such p+yma+t sh~ll be immediately dus and payabls u~d shall besr inte~est from ths date thereof vntil paid st the rafe of nene per centum per annum sr~d together with svth interest shall be setured by ths IiM of this mortgage. ' ~ 4. To permit, cornmit a suffe~ ~o wute. imp+irmem or deteriwstion of said p?operty w a~y part the.eof. i 5. To pey all and sinpulu ths cosn, charges +nd expenses, including a reawr~able ~ttorney i fee and costs of abstract: of tiNe, inc~rred or pa~d af any time by said MORTGAGEE, because or in the event of tF?e faiture on the parl of the said MORTGAGOR to duly, promptly and fully perform, diuharge, execute, eifect, complete, tomply with and ab:ds by each and every the atipulations, sgreemenn, conditions, and covenants of said promissory note and ~his mwtgage any or e~ther, and uid costs, ,chuges and expa+ses, cach snd every, slwll be immediately due and payable; whether w not there be r?otice d~ mand, attempt to colktt or suit pending; and the full smount of eath and every suth paymenl shall bear interes? f~om the date thereof untit paid at the rate of nit~e per centum per annum; and all said costs, charges and expenus incvrred a paid, together with tuch interest, shall be setured by tF~e lien of this mortp~ge. b. That (a) in the event of any breach of this Mortgaga or default on the part of the MORTGAGOR, or (b) in the event any of uid svms of money herein referred to be not promptly and fully paid within thirty (30) days next afte~ the same severally become due and payable, withouf dema~~d ~s+ :.:.:::a, or (c) in the event each and every the stipulations, sgrecments, conditions and covenanb of sa~d promiuory note and th~s mortgage any w eithe~ sre nof ~ ~uly, prompNy and fully performed, diuharged, executed, effected, completed, comptied with and abided by, then in eitF~a or any si:ch eveM the said a~ gregate sum mentioned in said promiuory nWe then remaining unpaid, with intcreat xuued, and all moneys setured hereby, s~sll become due and pay- ~ able iwthwith, a thereafter, at the option of iaid MORTGAGEE, as fully and comple~ely ~s if a~l of the sa7d sums of mo~ey were originally sGpulated to be paid on such day, anythi~g in sa:d promiuory note ot i~ this Mortgage to the tontrary notwithstanding; and thereupon a thereafter at the option of ~ said MORTGAGEE, wi~hout notite or dema~, suit at law a in equity, tFxrefwe or the~ealter begun, may be prQKCUted ss if all moneys secured F?ereby had matured pnor to iri institution. 7. That in the eveM that at the be9innirg of w at any time pending any suit upon this Mortgage, o~ to fweclose it, or to refo?m it, w to enfwce paymrnt of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof (w ~he appointment of a Receiver, wch Covrt shall forthwith appoint a receiver of said rtwrtgaged property all a~d singular, includ~ng all and singular the income, jNOfits, iswes and revenues (rom whatever source derived, each and every of wh~ch, it lxiny expressly understood, is hereby mortgaged as if speciiically ut forth and dewfbed in the yranting and habendum clauses hereof, and wch Receiver ahall Mve all the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matta of absolute right to said MORTGAGEE, and without reference to the adequscy w inadequacy of the value of the property mwtgaged or to the soivency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, iss~es and revenues shall be applied by such Receiver attording to the lien or equity of taid MORiGAGEE and the practice of such Court. 8. To duly, promptly and ~ully perform, d~uharge, e:ecute, effect, complrte, comply with and abide by each and every the stipulations, agreements, conditaro and covenants in said promissory note and th's -==-tgsge set forth. 9. That in the eveM the ownenhip of the mo~tgaged premises, or any psrt thereof, becomes vested in a pcrso~ other tl~a~ the MORTGAGOR, the ~ MORTGAGEE, iri succeuors and auigns, may, withoul notice to tFx MORTGAOR, . deal with svth st?cccssor or su«+essd in interest with referente to this mortgage and the debt hereby secured in the same manner as with lRorv~agor without in any way vitiating p olschargi~g the Mwtgagors' liability hert under o? upon the debt hereby secu~ed. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors or augm and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGE~ or its successors or auigns, shall operate to retease, d~schar9e, modify cfiange or affect the original liability of the MORTGAGOR herein, either in whole or in put. 10. It is spec~fically agreed that time is of the euence of this contract and thst no waiver oi a~y obligatian hereunder or of the obliysYan sr cured he?eby shall a1 any time thereafter be held to be a waiver of the terms hersof w of thr instrwneot secured herby. 11. In add~tio~ to the forego:ng monthly paymrnts of prin~ pal and interest required by the promissory ~ore secured hereby, mortgagor covenants and agrees to pay to mortgagee vvith each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 ot '•±a a~+ual cost of the follow- ing: A-All real property taxes levied or assessed against the above described resl estate. ~ B-Premiums on fire and windstorm insurante as herein requ~red to be tar~ied on the impiovertrctits sit~ate on the above d~stribed premisea. C-Premiums on such mortgage guaranty insurar~ce as matgagee shall from t~me to time deem fit to carry on the loan secured hereby. ' Mortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and i payable on the due oate of the neat monthly payrnent and each successire month thereafter urtil mortgagee shall notify mortgagw of a change in such ~ amount. Such sums sF.ail be applied by mortgagee toward the payment of real property taxes, insurarxe prem:ums, and mortgage guaranty insurance ~ premiums. • [ IN W1TNE55 WHEREOF, the said MORTGAGOR has hereumo set his hand and seal the day and year first aforesaid. ~ Sign Sealed a del' ered in the presence of: ~ ~~~%w"YYN ~ (SeaQ ~ aq ~ ~ ~ j E STATE OF RORIDA ~ ~ ~ counmr oF S t. Luc ie ' 8efwe me persorwlly appea~td Clayton R. Johnson ,,,d ~ C~~IOtt@ A. Johnson his wife, to me well knawn and known to me to bs ~ tF.s individvats desvibed in and wFa executed the fore~oiny instnrment, and acknowledged before me that they executed the same fw the pwposes rherein expressed. And the said CharlottQ A tQ]1IISAII ~ wife of tt+e said Clavtnif a__~eer:aa vpon a sepsrete ~nd priv~t~ ~ examination by me taken separote and apart from her said husband, atknowledged to and befwe me that she e:ecuted said inatrument freely and volan- ~ tarily and witho~t ~ny compu0sion, constrsint, apprehension,sor feu of or from her said husband. WITNESS my hsnd and official seal this ~o~..~.L~ day of J~~ A. D. 19_~Q_ w Nobry Publ'~c in and iw the State of Florida at larye ~ Mr Commiuion ~xpires: Retum Ta. • `~~~~~ti?tr r~~~~: r~~VG STAiE Of FlORiOA AT LAR6E ~ ; YY ~~,,~51}1SSI~N EXPIRES SEPT. 23. lg7s ~ Fint Feder+) Savings 3 loan Association ~v~ T~ ,,f ~ Of Fort P:erce. ~ . ~ ~ Fort Pierce. Flw~da _ ' r' • _ F'(.~O ° ~ AND RECORDED' ~ f- : S1'. LUCIE COUNTY F ~ = ° . ; ..a _ rrCO „~~,F ~ LA. . - This Instrume~t Prepared By J. D. Chastaia~-~ J Q,.•',~~ ' ~~8 ' f 0 ~ First Federal Savings 8 Loan Association ~ 242 ~ ' of Fort Pierces R lor ida • ~i . 70 JAN I 3 , ~ : ~ ~ IQ . 26 ~ eh~ed B;/~ -~C~ ~ F~~:,~~i ~~OITR~4S ~ CL~FcK CIRCUIT COURT` ~ ~j ~ ( BOOKIC7~ PAGE 64~' ~ cf > - , ~ r ~ _ , ~ ~`F,~ ..~;y~~~~ ~ ~ _~v~.--