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Home My WebLink About1717 3. To place and continvously keep on the bu~!d~~gs now w h~reafte~ s~fuate on sa~d land and on all.equipment and perso~ally covered by th~s mortg- egs, wuh •II premiumi thrrcon pa~d in full, lire insurance ~n the uwat srandard policy farm, in a sum approved by the MORjGAGEE, and windstam insurante in the usua) s~andard pol~cy lam, in a sum approved by Ih~ MORTGAGEE, in tuth company o~ companies as the MORTGAGEE may dlreu; ~nd all firo and w~ndsto~m ~nsuranc~ potiuei on a~y of iaid buildm9s. ~ny interesl therein o~ part thereof, in ~he aggregare sum alo~esa7d or in exceu thereoi, thali contain rhe usual srandard ma~gaflee clause a auch o~Fier ct+uss as the Mo~tpagee may requ~re. ma~ing ~he loss unde~ sa~d poli- c~cs, each and eve~y, payab~e ro ssid MORTGAGEE a~ ~ts interest may ~ppear, and each and evay such poilcy shall be promptiy ass gned a~d del~v.;r~~d to eny held by said MORTGAGEE as further ucurity to said mortgage debL and, r?at feu than ten (TO) days in advance of the expirat~on of each pol~cy, to de- I~ver to said MORTGAGEE ~ renewal the~wf, toge~Mr wi~h • ~eceipl fw the premium of such rentwal; and there shall be no i~re or w~nds~o~~n insurance p~sced on any of said buildings, anY intereit thcrein w part theieof, unles~ in the toim and with ths ioss payabte as afwesaid; and in ehe event any sum of money becomes payab~e un~ ~uch ppliq q pofities ssid MORTGAGEE shall have the option to receive and apply Ihe sa~:ie on accovnt of ~he indabf~d neas aecvred hereby a ro permit said MORTGAGORS ro receive and use il w any part thereot lor otner purposes, v.~rho~~ ~h:~.uf .+va~~~.,~ o~ ~~~~p.;~- 1ng any equ~ty, I~en w right under w by virtue oi tAis mo-tgage; and in the tvent w;d MORTGAGORS shall for any ?eason fail to keep ~he sa~d premiszs so ` insured, o~ fail fo deliver promptly any of taid policies of insuranca to said MORTGAGEE, or fail promptly to pay fully any pie~»~u~n therefor or in any ~espcd fail to perfwm, discharge, execute, effect, complNe, comply wirh and ab~de by this cove~an~, or any par~ hereo(, sald MORiGAGEF inay p~ace a~,o pay fo~ such insurance or sny pa~t thereof without waiving w affecting any option, lien, tqu~ty, or ri9ht unde~ or by virtue of this Mo~tgage, and the tuu amount oi each an~ every such payme~i sheii lx ~~~unr~t~.caiy d„a and ~,ayab:e aad :Ra!! E=3r in?eree+ F•oe. ~1,~. date thcreof until ua~d at the rafe oi n~ne per <entum pe~ annum and to~ether with suth interesr shali be secured by the lian of this mortgsge. ~1. 7o permir, commit or svffer no waste, impai~ment or deterioration of s~id property w any part thereof. 5. To pay all and singular tlx coits, charget and expenses, including a reasonable attwney's fee and costs of abstracts of title, incurred o. pald at any time by sa~d MORTGAGEE, brcause a in the event of the fa~lure on the par~ of Ihe said MORiGAGOR to du(y, promptly and fulty pertorm, d~uharge execute, ef(ect, complete, comply with and ab:de by each and every the stipulations, agreements, conditions, and covenants of sa~d prom~ssory note and ~h~s n:ortgage any o~ e~ther, and sa~d costs, charges and expenses, each a~d every, shall be immediately due and payable; whether a not rhere be nor~ce d~ mand, attempt to cotlect or suit pending; and tF~e full amount of each and every such payment shal! bear in?erest trom the date thereof until paid at the •a~e of nine per centum per amium; and all said costs, charges and expenses incurred a paid, together w~th suth interest, shall be secured by the tien of th~s mort9byl. 6. That (a) in fhe event of any breach of this Mortgage or defsult on tFrc part of thc IHORTGAGQR, w(b) in the event any of sa:d sums of money herein referred to be not prompily and fully paid within thirty (30) days next afte~ Ihe same severally become due and payable, without demand or notice, or (c) in the event each a~d every the stipulations, agreements, conditions and covenants of sa:d promissory note and th;s mortgage any w e~the~ are not j~ly, promptly and iully performed, d~scherged, execured, effrcted, completed, compl~ed wifh and ab~ded by, then in e~ther or any such event the sa~d ag g~egate sum menfioned in said promisswy no~e then remaining unpaid, with interest accrucd, and all moneys aecured Fxreby, shall become due and pay- abie forthwith, a thereafter, at the opr~on of sa~d MORTGAGEE, as fu(ly and compiere~y as if all of the said sums of money were w~gine:ly snpulated to be pa~d on such day, anything in sa:d promissory note or in this Mortgage to the contrary ~ot~vithsta~ding; and thereupon w thereafter a~ the op~~on of aald MORTGAGEE, wuhout notice w demand, suit at law a in equity, therefore w thereahcr begun, may be prosecuted as if all moneys secured hereby nad maturcd pnor to its institvtion. ~ 7. That in the event fhat at fhe begin~Ing of or at any time pending any suit upo~ th~t Mortgage, or to fweclose it, w to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to ihe Court having jurisdiction thereof fa the ap~ ointment of a Receiver, such tourt shall forthwith appoint a receiver of said mortgaged prope~ty a!1 and singulaa, includ~ng al! and singuls+ the income, prof~ts, issuts and revenues from whatever s:urce de.~ved, each and every of wh~ch, it be~ng expressly understood, is hereby moregaged as if speufically set fwth and deuribed in the granring and hjbendvm c}a~ses herzof, and such Receiver shatl have all the broad and effective tuncnons and powers i~ anywise enerusted by a Cou~t to a Receiva. and s.,ch appointme~~t shall be made by such Court aa an admitted equity and a mattN of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and ihat svch r_~,is, profits, income, issves and revertues shall be appleed by such Receiver acco+ding to the lien or equity of said MORTGAGEE and the praUice of such Court. 8_ To duty, p?omptly and fully perform, d~scha~ge, eaecute, effect, comptete, comply with and abide by each and every the stipulationz, agreements, cond'afions and covenants in sa~d promissory ~ote and rhis mortgage set forth. 9. TF~at in the event the ownersh+p of tFie mortgaged prem;ses, or any part thereof, becomcs vested in a person other than Ihe MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such successw or suctessor in i~te.est with reference to this margage and the dabt hereby secured in t6e same manner as wi~h hto~~yaga w~thout in any way vit:atirtq er ducharger~ the Mortgagors' liability here- u~der or upwi the debt hereby secured. No ssle of the Fremises hereby mo~tgaged ar.d no forbearan~e on the part of the MORTGAGEE or its successors or assigns and no extensson of the time 4w the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, .tiail operate ro release, dacharge, modify change or affeu the origmal liauiLty of the /J~ORTGAGOR lurein, either in whole a in part. 10. !t is spec~fically agreed that time is of fhe easence oi tnis contract snd Ii~e1 ra wai:er of a:y a~:3y^ ~E;-. htrauz~rr er ef eb!:ya*.eer. se- c~red hereby shjll at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. I 1. [n add~t~on to the forego:ng month!y paymenrs of princ ~al and interest required by the prom~ssory no!e secured hereby, mortgagor covenants anc+ agrees to pay to mo: rgagee v~brh each monihly payment an add~rional sum est~mated by mortgagee fo be equal to 1/ 12 of the annual cost of the foliow- ~n~: A-All real pruperty taxes lev;ed or assessed against the above desc.ibed real estate. B-pren:iums on fire and windstorm insurance as herein requ~red to be carried on t~e improvements situate on the above dascrihed prem;ses. G-Prem~ums on such mortgage guaraniy insurar.te as mortgagee shall from t~me to t~me deem fit to carry on the loan secured hereby. Mwtgagee shail from iime to time notify mwtgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and .a,able on tha due dare of the r.ext monthly payment and each wccessive manth thereafter urtil mortgagee shall not~fy mortgagor of a change in such _•,eunt_ Such s~ms sF.a';I !~e app:ied by mortgagee toward the payment of real property taxes, insu~ance prem:ums, and mortgage guaranty insurance .~~emiums. IN \YITNESS V~MEREOf, ~he said MORiGAGOR has hereunto set his hand and seal ~he day and year first aforesaid. ' Si ned, Sealed and delivered in t e 9 presence of: ~ ~ ~ nni e ~ Tof~ns on t5eap ~ - (Seal) _ s~ ~ (Seap ~ S+.A7E OF FLORIDA Ann S. Joh ston ! ~JUNTY OF _ SL . Lucie ~ ~ E Befwe me personatly appeared Ronnie L. Johnstott a~ ( _ AIItI S. Johnston his wife, to me well known and k~own to me to be ~ the ind~vidusls described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes t ` rherein eapressed. And the said Ann S. Johnston ` Ronnie L. Johnston : N;fe of the said upon a scparate and private ~~am~nat~on by me taken separate and apart trom her said husband, scknowledged to snd before me that she eaecuted said instrument free{y and votum ; r~•iIy and w[thout any computsion, constraint, appr hen.sjon, or fear of w from her said huaband. i WITNESS my hand and offiual seal this day f JantldY ~ q p, ~q 73 ~ - ~ C~ ~ : ~ Notary Public in and for Sta!~df Fbrida at larae . My Commiuion e~cpires: Ret~rn To: ` t - ~ • First Federol Savings a Loan Association fVOfAR~' p(j8~(C. $~fj~+~t ~(~Q~( ~~C Of Fort P~erce. ','Y CO"~'1: 1,1?:• _ ~it : i C. ?9. 1475 Fort Gerrce. florida bu-e~0 .~-i,':..-~y' •a ~ ~,-,er..ait~n, flLEQ A?~^ P~C~?ROEO - ST. ~UCIE CvUN7Y f~A. , ~ ~ ~ ~ RGC~~ ~u.7RAS - CtfRx C~ ~~~tT C011RT ( This Instrument Prepared By Wv. E. Braun RF^nc:^ vi=~ First Federal Savings & Loan Association of Fort Pierce , Flor ida ~ 31 ~1 47 ~H '73 - Checked By ~ z~ss18 g~~K~10 ~~~~~1.715 , ~ . ~ ~ _ - ~ ~ ~ ' ~ . ~3 ~Fy' -'Y_'~ _ _ Z 4.`5 . , _ .r M':a'.h- ~`S~ . 'Y..._~.,