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3. To p'•ate and tontinuousiy keep on the 'tu~'J~ngs ncw on c~~r~itrr ~I~„atr on s~~J land and on ali eq~ipmenf and personally coverz~ by this mor
e9e, w~th all prem~urns thrreon pa d~n f~il, f~re ~:~.:..~a~~ce ~n ~hc• us~nl s•.~~~derJ ~c/ iorm, in a sum a~pro~ed by the MpR~~aGEE, a~~d w~~~dito
msurance in the usual ua:,da~d Fo'„cy fo•m, in a s~m aF~~~JY2d by the h1JRiG~1GEE, ~n such cornpany o~ tompanles as ~he h~02TGAGfE m
d~rett; and dll fi~! a~~d w(ndstonn insurancr pol~c~<•s on eny of e~~d wr~:d.nys, any interesl thrrzin or pa~t thr~coi, in Ihe aygra~3re su~: aforesd~d
~n eacess thrreof, sh.~ll ;ont,m ~he us.,sl std=d3rd ~no~~7.~9rr uause or, su:h o~her c~euse as the hlortgayee niay requ.re, maAing the toss ~ndrr sa~d po
r:es, each and every, papab'e ro sa:d .~1JRTGAG:E as ~~s ~merrs~ may a+~pea~, and each and every such po'.~cy shall be promptly ass gned and deliverrd ~
any held by sa~d t.10RiGaGEE as {unhar s:w~~ty io sa~d ~~:ortgo~e deut, and, no~ :ess than ~en (101 djys in ~d.a~ue ol the exp~rat;on o1 each pol~cy, to d.
;.rr to sa~d MORiGAGFE a rena.va~ ~Lereof, togethrr w+fh a rece~pt for the ptr:nivm of wch rene+yal; a~~d ti~ere sha;l be no Lre ot winds~o~m insuranc
p!eced on any of said b~i~d~ngs, any ~nre~est there:n or pa~~ rhar~•dF, ~n'ass ~n The fcnn and w~th the iois pay~b?e as aforesaid; and in ~he e~ent any sun
cf mooey becomes payable under s~ch policy or pol~c~es said MJRiGAGEE s?„il ha~e ihe op~~on ro rrc•_~ve and app:y tha sa~ne on acco~nt ot the indrb~~d
r:rss secured hereby or to perm~t sa d ~dORTGAG~RS to rettive and use it ot a~iy p~~t ttc•:e~f iur o:n~•r ~;u~~•::srz. ~•~~~~~o.:t th u: :v:i~~ ~3 0~ n~~p~~~
!ng any aqu~ty, Gen or right undar w by virwe of th~s mc:'yagc; and in the event sa~d M0~2TGEIGORS sha:l !or any ~eason fai~ to keep the sa~d premisr~ so
~nsur~~, o~ fail to de!rver promptly any of said poLt~ts Gf inw~snce to sad h1pRTGAGEE, or fa~1 p:~mptly to pay fui;y any p:e~n~u~n therc+or o~ in.d~y
re:pect iail to perfo~m, disch;rye, exewre, eftect, comp~etr, co:nply with and ab~de by ~h~s covena::t. or any part h~•reof, Sj~d MGRT:3AGEE may piace a^tl
p3y fw such insurance or any part thereof w~~hout ~xa~vi~,g o~ affeaing any opt~on, lien, equ~~y, or n3M under or hy v:rtue of th~s hlortgage, and the
t;;l! amounl o( tath and e~ery such paymrnt shall be ~::~~nediatety dve and payable and sha~l brar interast from the date thercof until pa~d at the rate ol
~~.::e pe~ centum per annwn and to~r~hai xrh sucn ~n~e.rst shaU :~e scwred by ~he I~en o~ th~s morrgage. {j
1. To petmit, commii or suffet no waate, i:npairment or dcter~orotion of saiJ property w any part theret.i. F
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5. To pay ail and singular the co:ts, charges and e:pensrs, ~nctud~ng a reasonab!e attwney's (ee and costs of abstracts of tiNe, incurred or pa~d at
:ny t~me by said MORTGAG:E, because o~ in tAe evrm of the fa~lu:e on the par~ of ihe said MORTi,AGOR to du~y. promptly and fully perform, d~scharge.
a.ecute, efiect, eanplete, comply w~th and a6.dr by eacn and e~ery the shpuiar:ons, agree~nents, condrtions, and covenants of said pro:nitsory note and ~his
„or~gage any or euher, and sa~d costs, charges ar.d eaprnses, each and every, shail be irimed~ately due a:.d payabte; whether a not there be nor~~e dr
m,,nd, dttempt to CoIIKt or s~it pend~n9; and the full amount of each and avrry suth payment Shall bear int~rest from the date thereof until paid at the
oi nine per centum per an~~u:•r, ~nd all said cosrs, charges ar~d cxper.s_s incurred or pa~d, Iogether w~th such interest, shall be secured by the lien of ih~~
n~ortgage.
6. That (a) in the evant of any breach of this 1lor~gage o~ default on tha part of the MORTGAGOR, or (b) in the event any oF sa:d sums of money
h~re~n referred to be oot promptty and fully pjid w~fh~n ih~rty ~30) days neat arrer ~he same a~ve~a'!y becurne due and payable, wi~hout demand or nonce.
o~ tc) in the e~ent each and every the sGpu,a!~o~s. egreements, cond~t~ons and covenants of aa.d promissory ~ote a~xl th~s mortgage any or either are nol
i~,y, promptly and futly performed, d scharged, execu~ed, etfected, co~npleted, comp6ed wifh and aL~drd 5y, then in e~ther w any such eveM the sa~d ag
~regate sum mennoned in said pranissory ncre th~•n re~nain~ng unpa~d, w~rh inTrrrst accr„ed, and aii ~noneys sec~re~ hereby, shall become due and pay-
e5 e forthwith, or ~hereafter, at the opnon of sa~d h.Qr~iGAGEE, as futly ai~ completely as if a~l of thr said sums of money were onginally shpuiated
?o be paEd on such day, anything in sa,d prom~ssory note or in thn Mortgage to the confrary no~wl~hstand:ng; and thereupoo or therea(ter at the option of
s 3.d MORTGAGEE, without no+~ce o~ demand, suit at law or in equrty, ~herefore o~ thereat~rr begvn, may be prosecuted as if all moneys sacured hereby
r._d matu~ed pr~or to i?s instetution.
7. That in the event tha~ at the be9+nn;ng of or at any time pend~+~g any surt upon this Mo•tgage, o~ to foreclose it, or to reform it, or to enforce
~~yment of any cia~ms he~eunder, said MORTGAGEE shal~ apply to the Ceurt havi~lg ~unsd:ct~en ihereof for the appo~ntment of a Receiver, s~ch Court shall
rcrrhwirh aopo~nt a receiver of said mortgag_d property all and singuiar, inctud.ng aJ a„d s~r,g~tar the ir.come, profits, issues and revenues from whatever
s=~rce derived, each and every of wh!ch, it being express!y undzn~ood ~s tereby mortyaged as if spec~iicafly set forth a~d dauribed in the granting and
F?~endum clauses hereof, and s~ch Receiver sha!1 have afl the br„ad a:d rffea~~e fu~ct,ons ar.d po.,~e~s in anyw:se entrusted by a Cou~1 to a Receiver, a~.d
s_~h appointment shjll be made by such Cou~t as an ad~~~ned equ~ty and o r.atter of absolute r~ght ro sa~d MORTGAGEE, and without reference to the
a:ieq~aq or inadeguacy of the value of the properry mortgaged o~ to the s~.v~~cy o. u,sa~enr/ oS sa;d MORiGAGOR or the defer,dams, a~d thaf such
e~•s: proiits, incane, issues and revenues shaH be app~ied by such Ret~~+er ac~oru;ng to the tien or equity of sa~d A10RTGAGEE and the practice of wch
Court.
8. To duly, prwnptly ar.d fully perform, d~scharge, execute, effect, compfete. cornply with and abide by each and every the stipuiations, agreemeMS,
c~ndi:ions and eovenants in sa~d prom~ssor~ note and fhls mon~age set for~h.
9. That in the cvent the ownership of the mortgaged prem~ses: or an~ part tnereof, Eecomes vested in a person other than the MORTGAGOR, the
:'~RTGAGEE, its successors ar.d ass~gns, may, ~v~thout r.once to ~he AtORTGAOR, deai with such successor or wccessor in inte~est wirh re(erence to th~s
~•tgage and the d°ot hereby secured in tne same n:annar as ~vrth :.•,ortgago~ w~thout in any way vit~ating or t~~scharging the Mortgagors' liability here-
.~der or upon the de6t hereby secured. No s3ir af the ~:rerr~ses h=reb; mortgaged and no fo~bearance on the part of the l.50RiGAGEE or its successors
cr ass~g~s and no extersion of the t~me for the paymenr of the debr he~rby xcured g~ven by the MORTGAGEE or its successors o: ass:gns, a~~all operate
~o re~ease, d~scharge, modify change or affect the orig~nal t;ab.i~ty of ihe M.ORTGAGOR here~n, either in whoie or in part.
10. It is spec~fically ag~eed that time is of the essence of this co~~tract ar.d tAat no waiver of any obl~gat:on hereunder or of the obligation se-
:ured hereby sha? af any time thzreaher be he'd to be a tiva~Yer of the terms hereof or of the instrumem secured herby.
I l. In add t~oi to tne ioreao ng n onth'y paym~nts of p~i~~c ;:3i ar.d inir;esf requ~red 'by the p-om sscry no!e secured hereby, mortga~or eovenants
~ a agr_es to aay to mo-tyagee with eacfi ~nomh'y ~,a~n:e~~t an adi:~onal sum isr rared by mortg3gee to be equaf to 12 of the annua! cost oF the follow- }
~
A-r111 real property taa~s lev~e~ o+ ass.~ssed ey,i^st th: abovz describcd r~at estate. ~
B-Pr~n:~u•:~s on f~re and v.~ndsro~~n ~ns~rarce as nere~n requ:red tu be ca~r~~d on the :mrrovemeats s~tuate on the above dsscribed p~emises. ~
C-Premiums on such mortg~,ge g~aranty icsura~.ce as mortga^yNe shal! fre^• T rne ro ti~r.e deem fit to tarry ort the toan secvred hereby. ~
Mortgagee sha°I 'rom h•~.e +o t~me nosify merrgagr. ~n v.r~t,ny of the a~--ou~t doe and payable hereundar and such surn shall thereupon be due and
avable on the due date of th> r.cxt month:y payment ar~d ea:h svccess~ve ~no~th thereaftv ur.til mcrtgagee sha!! nolify mortgagor oF a change in such
, ~;;nt. Such sums sFa:i be app!i;d by mortgagez toward the payment of real preperty taxes, insurance prem;ums, and mortyage guaranty insurance
i .;~emiums.
's IN \'~ITNESS YIHEREOF, the sa~d MORTGAGOR has F.ereunro set his hand and seal the day and Year first afore~d.
's Signed, Sealed and detivered in Ihe presence of: p
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! Seal)
< - ~ n o se n ~~a~~
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` S~~TE OF FLORIDA ~
~ ~ u• ~
~ ~JUNTY Of Ct Lu~ie ~ °
Before me personally appeared John Johansen ,nd ~
;3 _ ACJ11@S r' . Johansen his wife, to me weI! known and known to me lo be ~
` ske ind:viduals described in and who executed the foregoing instrument, and acknowledged before me that they executed Ihe same for the purposts
; rherein e:pressed. And the said Aanes F. Jahansen ~
r,:fe of the said _ JU~lfl Johansen s separate and priv+t~
- e.am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrum~nl'heely Y~d.vOlv~
~ r;r,;y and wrthout any comp~lsion, wnstraint, apprehens:on, oj fear of or from her said husband. ' •
- r`' Mar h
~ WITNESS my hand and offic;al seal th;s__-12--.-_ day of__ A. D. 19~
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' Notary Pvblic in and ior the Sta~! af ~bcida ~t la~p~ ~
~ My Commission expirex l~ 13 j~ ` . ~
3 Rerurn To: - ~ - 7~~ ~f .
FErst Federal Savings b loan Asso:iat;on ,
x Of Fort P.erce. . . . .
~
~ Fo~r P~erce, Ftcnda f lE~ ANO REC R~0 -
3 a~. wc+~ cauM~r
ROCER POITRAS
CIERK CInCU1T COURT ~
RECOR, veeiFiED..~
- This Instrurreent Prepared By Thom~?S A. Dii SCOl l
First Federal Savings & Loan Association Y~ ~O O? Au
of Fort Pierce ~ Floiida ~7 Ril
Checked 8y ~2rarj8~1
;
800lc~VV PA~f1~8
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