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Home My WebLink About2044 3. To ptace anc~ continuousty keep on rhe bui'd+ngs now or hereaf~er ~ituate o~ said land and on ali equip~nenl and personaily to~ered by this ma ege, wi~h all prem~ums ~hereo~ pa.d in full, ine insurance in the usual staixlard polity form, in a sum approved by ~he MOR~GAGEE, and w~ndsso ma~rance in ~he usuat s1andard pol~cy fonn, in a sum approved by the MORIGAGEE, in such compm~y oi canpanies as the h10RiGAGEE m d~rect; a~d all Gre and w~ndsto~m insurance polic~es on any of said build~ngs, any interest therein or pa~t thereof, in ~he aggrrga~e s~~n aforeaaid in excess ~hereof, shall contain ~he osual s~andard mortgagee clause w such o~her ~lause as the Morlgagee may requ~re, making rha loas undrr sa,d po c~es, each and eve~y, payable ro sard h10RIGAGEE as i~s lnterrft may appear, and each and every such po~icy shall be prampt~y assgned and del~vared ti any held by satd MORiGAGEE as furthar security to said n:ongage debt, and, not less than ten (10) days in advance oi the expirat~on of each policy, to d. I~ve~ to sa~d MORTGAGEE a re~~ewal ti~ereof, together wifh a rece~pt fw the premium o! such ~enewal; and ?Azre shatl be ~o i~re or winds~orm insuranc plated on any of said buildmys, any interest there~n or part thercof, unless in the form and with the loss payable as afwesaid; and in the event any sun of money becomes payable under wch policy or poGcies said MORTGAGEE shall have ~he opt~on to receive and app!y the sa~ne on account of the indabted ness secu«d hereby or ro ptrmlt said /dORTGAGORS ro receive and use it w any part thereof fo~ oeher pur~os~•s. v.~tho~t ~h_r,ur ,v.:i~i,3 cr ~n,po~r ing any equ~ty, lien o~ right under w by virtue of this mo:'gage; and in the event sa~d MORTGAGORS shal) fw a~y reason fail to keep the said premisrs so in3WCt~, or fail to deliver promp;ty any of said policies oF insuran~e to said MORIGAGEF, w f~i! promptly Io pay fully any przmlum Iherefor or in any respea lail fo per(orm, d~scharge, eaecu~e, eifect, comptete, comply with and abide by th~a covznant, or any part ha~eof, said MGRTGAGEE may place a~~d pay fw Suth insurante or any part thereof without waiving or affeUing any option, (ien, equity, or right under w by virfue of this Mo~fgage, and the iult amoun? o! each and e+~ery such payment shall be immediately due and payable and shall bear interest from tha date thereof until paid at the rate ol n~ne pe~ centum per annum and to~ethcr wiih suth interest shali be secured by Ihe lien o1 this mortgage. 4. To permit, commit w suffer no waste, impairment p deterioration of said property w any part thereof. S. To pay all and aingular the costs, charges and expenses, inct~ding a reasonabte atror~ey's fee and costs of abshacts of titie, incurred or paid at ~ny fime by sa~d MORiGAG:E, because w in the event of fhe fa~Sure on the part oF ihe said MORTGAGOR to duly, promptly and fuUy perfwm, d~uharge. eY~cute, effect, complete, comply wrth and ab.de by each and every the stipulations, agreea~ents, condit~ons, and covenants o( said proenissory note and ihis ~~ortgage any or e~rher, and sa:d costs, charges and expenses, each an.~ every, shall be immediately due and payable; whether w not there be notice da mand, attempt to coll~t or suit pend~ng; and thz full amoum oi each and every such payment sl~atl bear interest lrom the date thereof until paid at the ~.~}e ef nine per crnt~m p~r ann~~r, and aH said costs, charges and e~peases incurred w paid, togerhe~ weh such inlerest, shall be setured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or defautt on the part of the MORTGAGOR, w(b) in the event any oi satd sums of money. herein refened ro be not pranptly ar,d fully paid within thirty (30) days nexl afrer the same severa:ty become due and payable, withouf demand or notice, or (c) in the event each and every the stipulatio~s, agreements, condinons and cove~ants of sa:d promiswry note and th~s mortgage any or ei~her are nol iu~y, promptly aod fu!ly perfa.med, d;scharged, executed, effected, compieted, compGed w~th and ab~ded `~y, ~hen in either w any such event the said ag ~•c•gate sum menrioned in said promissory note ~hrn re~nain±ng unpaid, with interest accrued, and all moncys secured hereby, shall become due and pay- a~ r fo~thwith, or thereafter, at the opt~on of said MORTGAGEE, as fvlly and completely as i1 atl o~ the sald sums oF money were originally stlpu:zted ro 5r pa~d on such dzy, an~ihing in sa:d p~omhsory notp or in this Mortgage to the tonrrary notwithstandi,~g; and ehereupon or /hereaffer at the option of ~?.d MORTGAGEE, v~~thout norice or demand, suit a1 law or in equity, theretore or thereairer begun, may be prosecuted as if all moneys secured here~y n:d matured pr~W to As institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, o~ to foreclose it, or to reform it, or to enforce payment of any tlaims hereunder, said MORTGi~GEE shall apply to the Court having junsd~ction thejeof for the appo~ntment of a Receiver, such Court shafl tcrfhwirh appoiM a receiver of said mortgagrd property al! and singular, includ~ng ail and si:i9ular the income, prohts, issues and revenues from whateve~ so~~ce derived, each and every of whrch, ir be7~zg expressly understood, is hereby morrgaged as if speuflcally se1 fonh and destribrd in the granting and t>>t,end~m clauses hereof, artd such Receiver shail have all the br~ad and effeuive funct,ons ar~d powers in anywise entrusted by a Court to a Receiver, and s:ch appointmznt shall be made by such Ceurt as an admitted equity and a matter of absotute right to said MORIGAGEE, artd withnut refeience to the 3 aciequacy w inadequacy of the value of 1he prope~ty mortgaged or to the so~vency or ;nso~vency o( said MORiGAGOR w the defenda~ts, and that such ; re~~rs. profits, inco~ne, issues and revenues shalt be appiied by such Receiver accwding to the !ieo or equity of said MORTGAGEE and the pradice of such # Court. ~ 8. io dufy, p~omptly and fully perform, d~scharge, execute, effect, complete, compty with and ab~de by each and every tF~e stiputations, ag~eements, ` :onditions and covertants ~n sa~d promissory nute and this mortgage set forth. f 9_ That in the event the ownership of the mortgager! premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, fhe :',~RTGAGEE, ia svccessors and ass~gns, may, wirhout notece fo the h10RTGAOR, deal with such successor w successor in inlerest with reterence to this - o•rgage and the deut hereby secured in the same manner as with ~Aortgagor without in a~y way vit;ating w d~scharging the Mongagors' liability F~ere- ::r:der or upoo the debt hereby secured. No safe of the premises hereby mortgaged and no forbearance on tne pa~t of the IJ{ORTGAGEE or its successon cr azsigns and no extensian of the time for the payme~t of the de6t hereby secured given by ihe MORTGAGEE or its s~ctessors or assigns, a~~all operate to re!ease, d~scharge, modify ~hange or aifect the orig~nal liau~lity of the MORTGAGOR herein, either in v~hole or in part. 10. h is spec fica~ly agreed that time is of the essence of lhis contract and that no waiver of any oblfgat~on hereunder or of the obligafion se- c.,red he~eby shali at any time thereafter be he:d to be a waiver of the terms hereof or of the instrumem secured herby. 11. In add:uc~ to the fcrego':~g rr,onth!y paym~nts of princ"pal and interest requ~red by the promascry no!e sec~.ed hereby, mortgagor tovenants d a~r~es to pay to mo-tgagee v+.ah each mon+h'y payr~ient an add~riona{ sum est~ma~ed by mortgagee to be equal to 1; I2 of tbe annuai tast oi the fo~tow- , ~ A-AII real properry taxes tev~~d or assessed agaiost the above desc~ibed rea~ estate. ~ B-Pren:~u•:~s on fire and w~ndstonn ~nsuracce as here~n requ:red to be carr~ed en the ~mproveme~ts s~tuate on the above described premises. ~ C-Premiunu o? s~ch mort~.;ge g~aranty icsurance as mortgagee shall from t~me to time deem fit 1o carry on the loan secured hereby_ ~ Mortgagee stia!I f.cm t~me to ume nonfy mortgagor in writ~n~ of rhe ar,:o~~e dve and payable hereundrr and such sum shall thereupon be due and ? :ble on the due date of tha next month'.~ payment and each successive month thereah~r uctil mortgagee shall notify mortgagor of a change in svch ~~nt. $uch sums sha:l be appiied Ly mortgagee toward the payrnent of real preperty taxes, insurance prem:ums, a~~d mortgage guaranty insurance e-niums. I~! 1VITNESS :+HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ? f Signed, SeaSed and delivered in the p?esence of: ~ Z . an 1 , a!) _ ~ ` ` (Sea4 3 t i - tSesl) ~ ; ' STA7E OF FIORIDA ~ i :~.UNTY OF $t. Lucie ~ ~ ~ Befae me personally appeared W1111diT1 F. Johnson and ; _ HQI1r1Qtt0 B. Johnson his wife, to me well knowo and known to me to be ' ~he ind~viduais described in and who executed rhe foregoing inshument, and acknowledged before me that they executed the sarrx, for the purposes ~ Henrietta B. ,lohnson ~ i rhe•e~n expressed. And fhe said ' ' Johnson fe of the said _ W11110D1 F. upon a separate ~od p?ivate c.a~n~nat~on by me taken separate and apart from her sa~d husband, atknowledged to and before me that she executed said instrument frsely'eqd voluo- r~-~Iy and w~rhout any computsion, constraint, apprehens~on, or fear of or from her said husband. l~ - ! LYIiNESS my hand and officia! seal r~~:_ 26th day of Se tetnber ~J2 ~ . Notary Public in and for the e of: fio ` ab large . My Commission expires: h~ R~ ~t£~f - q ~ } Ret~m io: ~R~~11 at~U1~GE Firsf Fede~al Savings a loan Aasoc~ation MY CO'Kf~!{~jny;fXp~RES~pE, aoneed IF~ y~es.~ C~ ~ ~l975 Of fort P;erce 1ns~r ~ : . Aptt ~~en?rlters, Fort Pierce. Flor.da y • • ? FILEO AtlD RECQRQED ' ' ; ~ ~ ~ " ST. WCfE COUNTY t'i~. U ,a~ ~-~4-~r 'i ROGER PO~SRAS ~ ! CIERx CIACUIT COUpT , ~ This Instrument Prepared By J. H. Robe~~~S~p~,JY~R~FtE~ " First Federal Savings & Loan Association p ~ . of Fort Pierce ~ F2orida ~ 26 3 2~1 1 H ~ 8 Checked By 2~~~ 0 R i a~cK 2~6 Qae~ ~40 R ~ ,5 ~ : - - - - ~ ~ µ : ~:ry s~~ ~ ~ ~ ~ ~ ~`~~~~.-a . -