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Home My WebLink About2970 3. To place and contin~ously keep on the bu~:d~ng~ now or hereaftar ~ituate on sa~d land and on ah eq~ipment and persona~~y cove~ed by lhis mor ege, wirh all premwms thereon pa:d in tuil, fire imurance in the tiwal standard poi~cy form, in a wm approvad by the MOR1GAGfE, and windsto i~surance in the usual standard pol•cy form, in a svm approved by ~he A10RTGAGEE, in such <ompany or compan~es as the MORTGAGEE m d~rect; and ali (iie and w~ndsrorm inwiance po~rc~es on any of sa~d buitd~ngs, any interest therein or pa~t ~h~reoi, in the aggregaee sum aforesaid in excess Ihrreof, shall contain the usua{ sTa~~dard mortgagee uausa or such other cla~se as the Mortgagee may requ~re, making the loss under sj~d po ues, each and e~ery, pay~b!e to said htORTGAGEE as ~ts iroerest may appear, and eoch and every such pa:~cy shall be promptly ass gned a~~d de~ivered ' any held by said h10kIGAGEE as iurther security to said mortgage debt, and, not less ~han ten (101 days in advance of ~he expirat~o~ of each poticy, to d. I~ver to said MORTGAGEE a renewat ~he~eof, together w~th a rece~pt for the p~emi~m of such renewal; and there s!wl1 be no f~re or r~indeto~m i~suranc placed oo any of said bui!d~ngs, any interest therein or pa~l thereof, urless in the (orm and wiih the loss payable as aforesaid; and in the eveN any sun of money becomes payable ~nder such po!icy or pol~ues said MORTGAGEE shall have the ophon to receiv~ and app!y the same on accou:v oi the indabted ness secured hereby or to permit sa~d MORTGAGORS to reccive and use it w any part rhe:eof tcr o:i~~•r pur, ~ses, w:~hout thr, u~ w.:~.~ ~3 ::r nn~~u ing any equlty, I~en w rlght under or by virt~,e of this mor.gage; and in the event sa~d MORTGAGORS shall fo. any reason fail to keep the said premis~~c so insured, w fail to deliver promptly any of sa~d pol~ties of insurance to said MORTGAGEE, or f~i! promptly to pay fully any prenu~m ther~for or i~ a~y respect fail ro perform, d~scha~ge, execute, rffeu, complete, canply with and abide by this cove~ant, or any part hereof, said MGRTGAGEE may place a~~d pay for such insurance or any part thereof without waiving or effecting any opt~on, lien, equ~ty, or r:ght under or by virtue of th~s Mortgage, and ~hc t~ll amount o(.eath and e.'ery such payrnenl shall be immediately due and payable and shall bear interest from tha date thercoF until pa~d at the rate ol n~ne per cemum per annum and to~ethe~ with such int~resr shali be secured by the lien of this morfgage. 4. To p~rmit, commit or suffer no waste, impairment w deterio~ation of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, induding a reasonable attwney's fee and costs of abstratts of title, incurred ar paid at any time by said MORiGAGfE, because o? in the event of the fa~lure on the part of the said MORTGAGOR to du~y, promptly and fully perfonn, d~scharge. execute, effect, comptete, comply w~th and ab,de by each and every the stipulat~ons, agreements, cond~nons, and covenams oi sa~d promissoiy note and this rnortgage any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immrd~atety due and payable; whether w not there be notice dr mand, attempt to collec? or suit pend~ng; and the 4uil amounl of each and every such payment shjll bea~ inferes~ from the date thereof until paid at the rote oi ~ine per centum per annu~r, and all sa~o costs, charges and expenses inturred or pa~d, together ~v~th such interest, shall be setured by the lien of thi~ mortgage. 6. That (a) in the event of any breach of this Mortgage or defautt on tF~ part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred ~o be not prompity and futty paid within thuty {30) days next after the same severa::y become dve and payable, without demand o~ noiice,- or ic) in the event each and erery the stipuiano~s, agreements, conditions and covenants of sa.d promissory note and th~s mortgage any or e~~her are o01 iuly, promptly and iulty perforrr.ed, d~scharged, executed, effected, completed, compl~ed wi~h and ab~ded 5y, then in either or any such event the sa~d ag ~regate sum mentioned in said promissory note then remaining unpa~d, with intere;t accrued, and ail moneys sec~red hereby, shall betome due and pay ab~e forthwith, or thereafter, at the optio~ of `said MORiGAGEE, as fully and comp~etely as ii all of the said sums of money were or~ginaily st~pulated ro be pa~d on such day, any:hing in sa:d pro~n~sswy note or in this Mwtgage to the cororary not~nrithstand,ng; and thereupon or thereafter at the opt~on of sa+d MORTGAGEE, without notice w demand, auit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby r.ed matured pr~w to its institution. 7. That in the event that at the begln~~ng of or at any time pending any suit upon this Mortgage, o~ to foreclose it, or to refo•m it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court havir.g jurisdct~on fhereof for the appointment of a Receiver, such Court sha~l torthwith appoint a rece~ver of said mortgaged property all and singular, indud.ng ali and s~ngular the income, ptoi~ts, issues and revenues from whatever so~rce drrived, each and every of wh~ch, it being expressly ~nderstood, is h.ereby mortgaged as if spec~ficai{y set forth and described in the g~anting and habendum ciauses hereof, and s~ch Receiver shall have all th> broad and effecfive func:.or.s and powers in anywise entrusted by a Court to a Receiver, and s,.ch appointment shall be made by such Cou~t as an admitted equity and a matter of absolute right to said MQ~TGAGEE, and without reference to the adequacy a inadequacy of the value of the property mo~tgaged or to the so:vency or ~nsoivency of said tJ10Ri6AGOR. or the defendams, and thal such rents, protits, income, issues and revenues shail be applied by such Receive. accord~ng to the iien or equity of said MORTGAGEE and the practice of such Court. 8. To duty, p:omptiy and fully perfo~m, d~scharge, exec~te, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and th~s mongage set forth. 9. That in the event the ownersh;p of the mortgaged preniises, or any part thereof, bxomes vested in a person other than the MORTGAGOR, the ":.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor i~ interest with re(erence to this n e-tgage and the debt hereby secured in rhe same manner as with Mortgagor without in any way vitiating or dacharging the Mortgagori liability here- under or upon the debt hereby secured. No safe of fhe premises hereby mortgaged ard no forbeara~ce on the part oi the MORiGl+GEE or its successors or ass~g~s and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, ahall operate ro re~ease, d~schacge, mod~fy ~hange or affect the orig~nal liab~ldty of the MORTGAGOR herein, either in whole or in pa~t. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligat~o~ hereunder w of the obligation s~ cured he~eby shali at any time fhereafier be he:d to be a waiver of the terms hereof or of the instrument secured herby. 11. In ~d~.t:o~ 'o tfie forego ng moMh!y paym~nts of princ"pal and imerest req~ired by the prom~ssory no!e sec~rrd hereby, mortgagor covenants 3~,d agr~~s to pay ro mortgagee with each monrhly payr.~ent an add~rional sum est~n,ated by mortgagee to be equal to 1; 12 of the annval cost of the follow- A-All reai propcrty taxas lev~ed or ass=ss~d agai•ist the above describ~d rral estate. ! B-Pran:~u•ns on fire and windsro:m inwrance as herein requ;red to be wrried en the improvements situate on the above d>scr~bed premises. I 'I C-Pr~•m~un•s o~ such mortgage guar~nry ~r.sura~~ce as mertgagee sha~! from t me to time deem fit to carry on the loan secured hereby. ~ Mortgagee 5~~3:~ frcm t~~»e to nme not~iy mortgagor ~n writing of the amou~t due and payable hereunder and such s~~m shail thereupon be due and : ayab!e on tha due date oi the next monthiy payn,ent and each success~ve morth thereaftcr untii mortgagee shall notify mortgagor of a change in such ~ ount. Such sums s6a:l be app!ied by mortgagee roward the payment of real property taxes, insurance prem;ums, a~~d mortgage guaranty insurence I . 'emivms. ~ I 11TDJESS :VHEREOF, e s~d ORTGAGOR h hereunto set his hand and seal the day and year first aforesaid. i Se led d i r ' the presence ~ ~ (Sesl) (Sesl) - .-i u-.r•~"' (See4 (Seal~ STA7E OP FLORIDA . . S5. :OUNTY OF St. L{1Ci@ I Befwe me personally appeared Ronald Jo2~nson a~d _ I~uella _IO~LSOri his wife, to me well known.p~d knqwn to me to be ft,e individuats described in and who eaecuted the foregoing instrument, and acknowiedged before me that they execut~d the~.saMa,fw the purposes ~ LOllella .~O ` ' therein expressed. And the said_ rQ~ l. . r~ife of the sa~a Ranald Johnson upon a•sepacate, and private e:am~nation by me taken separate and apa~t from her said husband, atknowledged to and before me that she execut~c3 instrument frta~y.and votun- ra•~iy and w~thout any compu~sion, consrraim, apprehery ion, fear of or fram her said husband. ~ ~ ~ ~ tiVITNESS my hand and offic~al seal this_- day of ~ ~ ''i A. D. 19_'~.2_ ~ v . , " , : ~ ~ . Notary Public in and for,f ~ate of F ridb~a~ atge My Commission expires: ~ . - / ~ ~ ~ ' ~ ~ Retum To: - . • . ~ ~ ~ . ~ first Federal Savings 6 Loan Association o( For, P erce. NOTARY PUBLIC, STATE M FLORIDA at LARGE ~ Fort Pierce. Fior~da MY COd{MISSIdN EXPIRES SEPT. Z5, 1915 Bonded By American Bankers Insuqne0 C0. ~ ~ /ILEO ~NO RECpRCEO , This Instrument Prepared By JOhri W. Co113r18 ~T. WCIE COUNTr FU, ~ First Federal Savings & Loan Association ROGEn ~3~TRI~S of Fort Pierce P'lorida? CLE~K C~~;CUIT COU~T 's AFCOP.n YER~'~ED - Checked BY~-__---- ~ ' 10 ~ ~~2 aooK2~~ ~ncE29~ 2414'73 - ~s ~ _ , - - - - - _ - ~ ~ ~ti ~'k