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3. To p!ace and con~~nuously krep en ri~e 6~~.v~~.qs ~~o.~ or he•-~•,ir~, ~;t~ete on s~~d iand and on a~l eq~1pment a~.d penonally cc~e~ed by ih~s mor
n~e, w~~h all premi~ms thereo~ pa.d ~n fuil, 1~re ~ns~~a::cr ~n ~r:•~ ~s~ai s~.,~ ~erJ po~~cy furm, in a s~~n a~.pro.ed b~ the A10R~i,.~GEE, ar~d w~~ldsto
,nsurantr in the uiual s+andard yol.ty fa~ti, in a sum a~:H~i..cd t~t ~he htOR'GAGEE, in such tompany or compan~es as the ~.tiORT~;AGEE m
dvec?; and all fi~e ar.d windsro~m insurancr pa~c~~•s on any of sa~d Lui,d~ngs, any interes~ therein or parl thz:eof, in the aggreya~e sum aioresaid
in excess thereof, shali :ontain ~he uwal s~a~~dard mor~g~gee c!:wsr or s~cn ofher dause as the Mo~tyagee may requ.rs, mai.irg ~hr ~oss undar sa~d po ~
ces, each arxl every, payab!e to sald A~ORTGAC•EE as <<s ,n~cr:sr n;~y a~;F~a•.jr, and each and every svch po~,cy shal! be prompny assgned,and dc•~~verrd ~
any hetd by said MORiGAGEE as iu~ther srcu~~ty io sa~d mw.~gayr d~br. a~,d, nor ~ass than ~rn (101 days m ad:a~:ce ot ~he exp~~at~on of each pol~cy, to d~
~~~.er to sa~d 1dORiGAGEE a renewai ~hereof, together wnh a rrce~p~ fr. th_ prr~nwm of such renawa!; and theie s1+a11 be ~w i,re oi w~ndsto~m inswanc
placed on any of sa~d L+vi!d~•~ys, any in~erest tiiere,n o~ pan t~iirCJf, t51 ~n ~he fcrm and w~th the Ioss parable as aforesaid; and in ~he event any s~n
of money becomes payabie vndar such policy pot~ucs s~~d P.',ORTGAGEE shaU ha~e ~Ae opr,un ro rece~.~e and apN:y fbe sa~»e on ac:o~nt af rhe indabt_d
nrss sec~red heraby or ro permrt s3%d ~AURIvAGORS ro recr~~e a~~d ~se it or any s~art rh<:ep{ tor o~~~<+ i;or:,os~•s, .•..~r~;,;r ~h~~,~~ ,~~~.~,3 cr ~,:p~~r
~~9 aoy equ~!y, Gen or r~ght under w by v~rtur of ~h~s n~a~'yaga; a~~d ~n the evem sa.d MOrZiGAGOR$ sha!i .'o~ any reason fa~l to keep ~he sa~~ prem~scs so
~nw.od, o~ fail to dal~~er pronip~ly any of sa~d poLe~es of inw:ance to sa d Mt~RfGAGEF, or fae! prompr;y to pay fu~ly any pre~~u~~n ther,.~for or in a~y
retpect fail to perform, discharge, execu~e, effeu, caa~plrte, con~Nly w~~h and a:~~dr by this c~ven:~nt, or any part hrreoi,;ta~d !dGRS;,:.GEE may place a•a
'ra; :G: S::C!t irati=n :i2 ~ f a^y ~~a-• •~:_:r^6 ..-t~cv! ~•aiv:~y e~ af4ec+~.~c3 any o~t~on, fien_ enuAV. or r~~ht v~d~r or by wrt~e of this Atortgage, and t?~e
tu~l amount of each and e.ery such payn,ent shall be ~mmed~ately ~~e a~:d ~,ayable and shail bear inte~est from tha date thereol un~ii F.;~d ai tne raie oi
.~~e per ceroum pe~ annu:n and to~rihar m~~h sucn infe;~st sh~~~ :,z sa..:red by the lien of thi~ mortgage. ~
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A. To permit, commit w suffer no waste, impairment or detrrior:,t~un of aaid propeity or any part thereof.
5. To pay alI and singular the cosrs, charges and expensrs, ~r,;iud;ng a reasonab!e atrorney"s fee and costs of abstracts of tir!e, incuned or peid at
+ny time by said MORTGAG:E, because or in the evznt o~ ~ne f3:i~re on Ihe part of the said h10RTGAGOR to dv~y, pron~ptly and fuily p~rform, d~scnarge.
e.cwte, effect, canptete, comply w~th and ab:dr by each a~ed c.e~y ~he stip„ta~~ons, agrcements, eondiuons, and covenanr= oi sa~d prem;ssory note and this
~.ertgage any or a~fier, and sa.d costs, charges and expensrs, each ar,d every, shall be immediate~y dve and payab!e; whether or not shere be nonce da
~~a~~d, attempt to coltect or ivit pend~ng; and the ful! amo~nt of each a~~d e:ery svth payment iha~l bear ~ntereit frwn the date thpreof untii paid at the
• r., o+ n+~e per centum Ner annu and al1 sa~d ccs~s, cna~grs a~:ci ea. erses ]cx~r~ed or paid, togerher w~th suth interest, shall be setured by the l;en nf th:s
mort9age_
6. rhat (a) in the event of any breach of this Mortgage or defau~r on ~t,~ part of the MO~TGAGOR, w;b) in the event any of sa:d sums of money
herein referred tp ba not pro~natly ard fully paid with~n fh.rty ;3J; djrs nc..t a~r_•r the sa~nr severa'(y become due and payab!e, witho~t demand or notice,
~r tc? in the event eath and eve~y !he sliputations, agreements, cor.d~~~o+~s and tove~ants of sa~d promissory note and th~s mortgage any or e~ther are nol
i~ly, promprly and fuily pe~fonned, d,scharg_d, eaecufed, elfeUed, co~np;ered, compi~ed v~~th and a~~ded Sy, then in Nthe? or any such evem ~he sa~d ag
~•e9ate sum mentioned in sa~d pro~mssory note then re~naining unpa~d, w~rh inrr.a~r acaued, and ail moneys secured hereby, s~all become due and pay-
a5 e forthwith, or thereaite., at the ope~on of sa~d A10RiGAGiE, as fu~iy and comp'.ercly as if alf of the sa~d sums of money were ongmaily stlpuiated
'o be pj~d on suth day, anythirtg in sa.d prom~ssory note o~ in th~s Alo:tgage to the contrary ~orh~thstand:~ig; and there~pon or thereaf;er at the op~~on of
s~ d MORTGAGEF, w~thout nos~ce or demand, su~t at law or in equ~ry, tnerefore or tl~ereafrer begu~, may be prosecvted as if all moneys secured hereby
r.~d marured pnor io iis ~~isi~iv~~u~~.
7. That in the event that at the beg~nn~~g of or at any time pend~r~g any su~t upon this Mo~tgage, or to fwecfose it, or to reform it, or ro enforce
Fayment of any cia~ms hereunder, sa;d MORTGAGEE shait rF:p!y to the Cou~t hj•.mg ~u:nd.r.iun thereof for the appomtment of a Receiver, such Covrt shail
~:rhwith appo~nt a ~eceiver of said mortgaged property a;: and sin~u~a!, in~;ucJng a;l a~,d s~~~gu~ar ihe income, prolns, issues and revenues from vvhatever t
s~ „rce derived, each and every ot wh ch, ~t be~ng express'y und~•~zr~~;~. ;s ter~~y mo: tgaged as {f spec~f,~ai:y sef forth and descnbed in the granting a~~d
t,::end~m dause: hereof, and wch Rece~ver shail have at1 the 6r;;.,d a^d r~frcr:,,e fur.a.ons and powers m anyw~se entrusted by a Cou•t to a Receiver, and
s,:h appoinrmrnt ahaii be made by such Court as an ad~nitte-d eyurty a~:d a ra+ter of abso~u~e r9ht to said M110RTGAGEE, and wirhout reFerence to the
a:.'eqvaey o~ inadequaty of th~ value oi the property mo~tqeg~d or to ti~~ S_.ve~~cy or ~nso~venty ot said MORiGAGOR o~ the detendants, and that such
~:+s, profits, income, issues and rever.oes shatl be app~~ed by wch R~-c~•r~cr accordng to the I~en or equity o1 sa:d MORiGAGEE and the practice of s~ch
Court.
8. To duly, prompt;y and fvlly perform, d~scharge, exec~te, etiect, comp:ete, comply with and abide by each and every the stipuiations, ag~eemenb,
__:nditions and covenants m sa~d promissory rote and th;s n,orr~age s.•r foirh.
R That in the event the ownership of the morigaged prc~::ses, or any part thereof, betomes vested in a per~n other than the MORTGAGOR, the
:''JRTGAGEE, its successors ar.d ass~gns, may, w~rhour r.os,ce to rhe :Y.J2IG~OR, deai w;~h such svccrssoi w successor in interest w~rh reference to Ihis i
^ o•'gagc and the d•_ol hereby secured in the same manner as wish ;S~n~~gor v,ith,~t in any way vit!ati~g or d~uhar9ing the /dortgagari lia6il~ty hErr
der or upo~ the debt hereb~ sccured. No sa:e of the Frerr.is~s h_rrby mortgaged and no forbearance on the pan of the lAOR7GAGEf w its svcce:so+s
= as;:-yn; :.r.~ ::o rxt:r.s:on cf nc~ re #or the •+>y•,,am .tia ,~..t,~ 1~..,,-.h~ sf~c~red oiven br the MORTGAGEE or iu successors or ass~gns, a~iail operate
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• ro re~ease, d~scharge, modify change or affect the o~igmat liau:l:ty of The MORTGAGOR herein, either in whole or in part.
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10. It is spec~ficaliy agreed that time is of the esser.ce of th~s co~tract a~d that no waiver of any ob!:gatlon hereunder or of the obtigation sr j
red hereby shall at any time thereafter be he!d to be a via,:rr of the tenns h~reof or of the inst.ument secured herby.
~ 11. In etid t.o~ to the forege ng monfh!y pan~~_ms of pn::c pa~ and in:_rest requ~red by the prom~sscry no•e secured hcrcb~, mortgagor covenants
E agrees to pay to mortgagee ~tiith each monthiy pa~~ ~ent an d(I:i.:~J:13I sv-n cY a~ated b~ mortgagee to be eq~ai to 1 12 of ti~e an~ual cost of the foUow-
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f A-AII rcal property taxes ievie~ or assesseci eg3i•~st the al:ove desv bcd real esrate.
` B-Fr.r;;;u~ns on f~re ar.~ ~tiindstonn insurarce as ner~~~n r,~q,.r~_a to b_ ce•r~..d on !he :m;:rove-ne~ts s~tuate on the above d_s..ibed premises_
~ C-Prem~um~s on such .r.ort~;ge g~arar,!~• i•~wra~.ce es mo•tgaqee sha!! (rc•~ i n,e to ti~n~ d~em fit to ca~ry on the loan :ewred hereby.
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~ Mortgagee sha'I fro~n rl ne to t~•r:e nct~f~ mertgsg~r ,nr~t:n~ of 1he a:• ou~~t d~e and payable hereund.r and s~ch su~n shait ~hereupon be due and ;
.~:able on th~ due da+~ of rFe next ~:;on:h'~ pay:n•_nt and r::ch s~ucss~~e ^.onth the-eafrr urt~i mortgagee sha!I not[fy me:tgogor of a change in wch
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; - oum. Such sums sha.i be applied 'by mortga3~~ to~roard t}:e pay~nem ot reai proFerty taxes, insura~ue p~em.~ms, and mortgage guaranty inwrance
~ ,~.~ernium5.
IN \YIIP~ESS :":HEREOF, the sa~d A1pRTGAGOR has hcreu~to set h~s ha~.d and seal the day and ye fi~st a resaid.
Signed, Sealed and delrver~ ~ the presence of: :
- - - ( at)
' ur T. Jo s Jr.
` ~ ~ cseaq
' (Sea!)
• Gloria . Jo son t~a~~
SiATE Of f~ORIDA 1
~ SS_
COUNTY OF ~ #
~ Before me personally appeared _ ~'t}lUt` T .iohnson _ a~ +
Gloria M. Jattnson ~
` ` his wife, to me well koown and known to r.te to be i
~ tF,e individuals destrfbed in and who exewted the ioregoing instrument, and acknowledged before me that they executed the same for fhe purposes J
th~rein ezpressed. And the said_____-
Gloria M. J^hnson '
i .+;`e of ehe said ^ ~th'1r T. Johnson a separ~te ~nd prtvsN
- e.am~nat~on by me taken separate and apart from her sa~d husbaRd: acknow{edged to and before me that she executed said instrument f~er{y.aMl vOluo-
~ rardy and w~thout any compufsion, constraent, apprehens:on~ `pr fear oi or from her said husband. .
~ WITNES$ my hand and offiua! seal th~s_ day of_-~ _ ~C~r ' i
.l ' c`
~Notary Publ~c in nd ~or/the Stato of flo~~` :~.2 .
Ds -
My Commissi expires• .-y~'j y' . ~
Retum To: ~ :t . aLi r.j `T ~
First Fede~a) Savings b loan Associat:on .
FOrf P+~rC°. F~LED REwTY~IO ,~~~r. ~
;d~ ~flll
, Fon P~~~r:e. F::~r Sj C _ F - f • ` , „
-~u ~~~~R~S ~ '
R0 ^ ~;~j~s ;.0i1R7. 3 ' ~ :
~X~ ' f!~0~
pr~~c'1
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~ This Instrument Prepared By J. D. Chastain 2 4y PM ~ 1 L
~ First Federal Savings 8 loan Association
of Fort Pierce , r^lorida
Checked By - ~~1'3J~
do~K 1g8 PACE1525 ;
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