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Home My WebLink About5941 3. To place and continuously keep on ihr bu~:d~ngs now o~ hereai~rr a~euare on ~a~d land and o~ all equ~pment and personally covered by this moreg age, with ell premiums thercon ~,a.d in lull, fire insurance ~n thr us~al sianderd poGcy form, in a s~~m approred by the MOR(GAGfE, and windsrorm Insutance in the usuat standsrd po::ty (orm, in a sum approved by the MORTGAGEE, in such company o~ compan~es as the MORTGAGEE may direcl; and ell fere and wiMlstorm insurance policies on any of said build~ngs. ~ny interest the~ein or part thereof, in the ag9regate svm aforesaid or in exccss thercof, ihall contain the usual uandard mortgagee c(ause a such orher clause as fhe Mo~rya3ee may requ:rs, ma?iny 1he lois undar sa~d poti- cies, eath and evtry, payab!e to said A\ORTGAGEE as its imerest may appea~, and each and every such po~icy ahal! kx promptty ass gned a~~d de~ivered ~o any held by said MC~RTGAGEE as fw~her security 1o said mwtgage debt, and, no~ less than 1en (10) days in advance of ?he expirofion of each policy, to da liver ro uid MORiGAGEE a renewal rheieol, toge~her wiih a rece~pt (or thc prem~um of such renewal; and ~hrre shall be no fire or w~nduorm insurance placed on any of said bvildings, any in~eres~ there~n a part thereof, ~nless i~ ihe form and w~th the loss payable as atoresa~d; and in the event any sum of money becemes payable uodei such policy or pot~cies said MORIGAGEE shall have the opt~on to reteive and apply the serne on account o1 the i~idrbted- ness sec~red he~eby w ro perm~t said MORTGAGORS ro receive and use it or any parl theteol fur orner pu~p•osrs. .~:dTi~ou~ iA:~.ur :vat.~•~~ „r ~~„p.,,r- ing any equ~ty, lien or right undzr a by vir~ue of this mar!gage; and in the event seid MORfGAGORS shatl for any rcason fail to keep the saed premis>> so insvred, pr fai! fo deliva~ p~ompf:y any of said poGcies of insurance to said MORTGAGEE, or foil promptly to pay fulty any pre~»wrn therefor or in a~Y respect fail to per(orm, d~scharge, execute, effec~, comptete, comply wi~h and abide by thii cove~ant, or any part hereof, sa~d MURTGAGEE may place a~~d pay fw such insurance or any part thereof w~rhour waiving or afFectir~q a~y opt,on, lien, equ~ty, or ?~ght unde~ o. by vir~ue of eh~s Mortga~e, and thc full amo~,ni of each and every such payment shalt be immediately due and payable and shall bear interesi from the date thereof until pa~d at ~he ra~e o1 n~ne per centum per annum and togcth~r with such imerest shali be secured by the lien of thif mortgsge. 1. To permit, tommit or sufter no waste, impairment or deteriorar~o~ of said prope~ty q any parl thereof. S. To pay all a~d singulsr the costs, cha~gd and expenses, ;nclud~ng a?easonable atto?~ey's fee and costs of abstraas of title, incu~red or pa~d at any time by said MORTGAGfE, because or i~ tfie event oF the fa~iure on Ihe part of the said MORTGAGpR to duly, promptly and fully perfor~n, d~scharge. execute, effett, comple+e, comply w~th and ab;de by each and every the stiputat~ons, agreements, conditions, and covena~~rs oS sa;d promissory note and this mort9age anv or eiiher, and sa:d costs, charges and expenses, each and eve~y, shall be immediately dve and payab:e; whe~her o~ not thera kx notice d~ mand, attempt to collect w suit pend~ng; a~d the futl amount of each and every such payment shall bear interest from the date thereof u~rii paid at the r;~re of nine per cen+um per an~l~rn; and oii sa:d costs, charges and eapense: incurred or pa~d, togzthar w~th such interest, shall lx secured by ~he iien of th~s mortgage. 6. That (a) in the ~ent cf any breach of Ihis Mo~tgage o? default on th: part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not prpmprly and fu~ly paid wiThin ~huty ~30) days next at~er ibe same :everally beco~~e due and payable, wi~hout demand or notice, or (c) in the event each and every the stipu~ations, agreements, conditions and covenants of sa;d promissory note and th~s mortgage any w either are not july, promptly and f~tty ~erforrr~d, d.scharged, executed, effected, compteted, compGed wiih and a6~drd 5y, then in e+ther or any suth evenl the sa~d ag y^regate sum mentioned in sa~d prom~ssory note then rema~ning unpaid, with interest accrued, and ali mor.eys sewred hereby, shall betome due and pay able foithwith, or thereafter, at the opt:on of said MORIGAGEE, as fully and completely as if all of tl,e said sums oi money were or~ginatly snp~iated to be pa~d on such day, anythir~g in sa:d p.om~ssory note a in this Matgage to the contrary notwithstand~ng; and thereupon or therealter at the op~~on of sald MORTGAGEE, withcut not~ce o~ demand, suit at law or in equity, therefore or thereafter beg~n, may be prosecuted as if atl moneys secured hereby nad maturnJ pr,pr ~o ds institution. 7. That in the evem that af the beginning of w at any time pending any su~t upon this Mo~tgage, or to forectose it, or to ~efwm it, or to enforce Fayment of any ~laims hereunder, sa~d h10RTGAGEE shall apply to the Cou~t havi~:g ju~~sd,aio~ ther~of (or the ap~w;~tmeM of a Receiver, such Coun shall forrhwith appo~nt a receiver of said mortgaged property ail and sing~lar, inctvd~ng a71 and sin9ular the income, pro+rts, issues a~d reve~ves from wbateve? source derived, each and ev2ry o~ wh;ch, i1 be~ng eap~essly unden~ood, is heraby mortgaged as ii spec~ticat~y set iorth and descnbed in the grant~ng a~d habendum clauses hereof, artd such Receiver :hail have all the broad and effective func~~ons and powers in anyw~se entrusted by a Court to a Receiver, and s.ch appointme~~r shall be made by such Court as an admitted equiry and a matter of abso~ute r~gM to safd MORTGAGEE, and wifhout reference to the adequacy or inadequacy of the va~ue of the property mptgaged or to th? so~vency or inso;vency of said MORIGAGOR or the defendants, and that suth renis, profits, income, issues and revenues shall be applied by suth Receiver accord~ng to the lien or equity of said MORTGAGEE and the piactice of suth CouA. 8. To duly, promptty and fully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulatiens, agreements, ccnditions and covenants ~n sa~d promiuwy nore and this mortgage se~ forth. 9_ That in the eve~t the ownership of the mo~tgaged premises, or any parl thereof, becomes vested in a person other than the MORit',AGOR, the ':.ORTGAGEE, irs successors and ass~gns, may, wi~hou~ no~ice to the A~ORTGAOR, deal w~th such successor or wccessor in interest wi~h reference ro thia ^•.or~gage and the debt hereby secured in the same manner as w~th No~tgagor w~shout in any way vit~ating or d~xha~ging the Mortgagors' liability here- u~der or upon the debt hereby secured. No saie of t}~e premis>s h~reby mortgaged and no forbearance on the part of the N10RTGAGEE or its successors o. assigns and no ex~ensio~ of the t;me {or the payment oi the deb! he.eby secured given by the MpRiGAGEE or its successors or assigns, ai~all operate ro retease, d~scharge, modify change or afiect the originai iiab~Lty of ~he /dORTGAGOR herein, either in whole or in part. 10. It is specif~~atly ag+eed that time is of the essence of this contiacr and tbat no waiver of any obligat~on hereunder or of the obligation se- cu•ed hereby sha'f at any time thereatter be held to be a wa~ver of the terms hereoi w of the instrument secured herby. 11. In add~tio~ to the foreac n9 month!y payments of pr;nc pal and inrerest requ~red by the p~om[sscry nore sewred hereby, mortgagor eovenants _~r.d agrees to pay to murtgagee v~~th each monthly payr.,ent an add~•ionai sum c•srrrt:ated by mortgagee fo oe eGiai to 1- 12 of rhe annual cos! of the follow- ,~g: A-All real property taxes lev~ed o~ assess«i ag3i•~st nc~ abo+e dexribcd real esrare. B-Pren:~u:ns on fne and w~~:dstorm msu~ar.ce as he:eir, requ;red to be car,ied en the imp~oveeterns rivate on the above dbscribed prem[ses. C-Prem:ums on such mortg:~ge guaranty insurar.ce as mortgagee shaN froT t me to time deem fit to cany on the loan secured hereby. Mo»gagee shaU from rirne to rio,c norify mongago~ ~n wririr.g of the amou~t d•.;e and payable hereunder and such sum ahall thereupon be due artd ;.3yable on the due dete of ihe ne+c~ monthl~r payment and each svccess~ve month tnereafter ur.~i{ mortgagee sha!I notify mortgagor of a change in such :°.o~nt. $uch sums sFa:t be apE.iied by morrgag~e toxa-d the payment of real prope~ty faxes, insura~~te prem;ums, and mcrfyage guaranfy insurance ~~emiumS. IN ~YITNESS WN:R~OF, the sa~d MORTGAGOR has hereunto set his hand and seai the ay and year first aforesaid. 5' ned, Sealed an el'vered in the presence of: 9 ~~/I, J ~ Seat) Mar et K. J son a c~a~ ~ b~~ ~ ~ 8 8 (Seal) l5eaO ~ STATE OF fLORIDA ` St . Lucie } u- =OUNTY Of ~ ~ Before me personally appeared Mdl9dZ~`t K. Johnson~ g g g~g gdL~y i to me welt known and known to me to be ~ ~he individuat described in and who ezecuted the foregoing inst~ument, and acknowied ed before me that 5he e:ecuted fhe sarne fw the r 9 pu poses rherein e:pressed. ~~tbess~ ~ ~atfa~t7ki~a11~^ a~i1 sa!?ebs1~ ! ~es~aelo~s~~ss~~aos~a~a~aai~s~s~d~lwsb~a~ad~a~ldgsd~di~otaemsalu~~csma~~t!Q ' ~tdycsdaml~ato+~zm~addm~aoaaal~a;.app?aFt~a~ls~r.~c~r"-OE~slaf~fNRS#~bo~rid. ' ;y : ...~°°..~~lQs Y~ITNESS my hand and offiual seal this- day of Janua °"s'~ `:•~'•,q: R~ 19~.~ ? • t ir ~ ' ~ ~ " Notary Public in and for tt~S a~ ~ i~e" ~ My Commission expires:" • • : Retu~n To: NOT9ij!(~S ~ Y~TRTE ~~~R~ ~ ~~E First Federal Sav'~ngs 3 loan Association oi Fo~r P~c~ce. MY CO~If;tSS ~~~,~(At~f~S•SEPT. 25. 1975 E3onde0 By ~rne~m8oafterS InwrstKe Co. Fort P~crce. Flor;c,~a f11E0 ~N=` Rf~'9ADED ~E cO~Ntr F~~?~ $t~ ItQGEW ~0?SRI~S This Inslrument Prepared By Ronald L, Stutz CIER~`• C~'~~ ~U~T First Federa! Savings & loan Assaciation R~COq~•'lEf of Fort Pierce , F lor ida r~ 41 ~~~3 1 Checked By ~ ' g(~ ~09 ~~f 2g~ 2~,~;s'7 , _ . _ -