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Home My WebLink About2046 To plac~ and con?inuously kc~p on ~he build~~~9s now w Mreah~r ~i~wte on ?a~d land and on all cquipmen? ~nd perwnally ccvaed by ~his mwiq~ p~, with al) premiumt thereon pa~d in lull, tire insur~nc~ in tM u~ual sNnds~d polity ~am, fn a sum app~ovad by the MOR(GAGEE, a~d w~ndsrwm insur~nc~ in ~Fw u~ual itandard pol~cy fam, i~ • sum approv~d by tht MORiGAGEE, i~ such canpa~y w comp+~~es ai 1M MORTGAGEE may dincts ~nd aQ fire anrl w~ndiwrm in~uranc~ policies on any of uid build~np~, ~ny inrere~t thaeio o~ parl the+wi, in th~ ~99req+te ~u~n ~foresa~d a In ~xte~s lhereof, shall con~ain ihe uavat s~andard mon9aqae tlavs~ o? wch otMr tl~u1~ ~t tM h1Wt9~9N nNy requ~r~, ma\inp ~M loss under sa~d po1F c~es, each ~nd every, payable ro said MORTGAGEE a~ its intereu may ~ppear, ~nd e+ch ~nd every t~rch po~icy ~hall be {xanpNy +ss yncd u+d de~ivc~ed ~o ~ny hetd by said MORiGAGEE as further security 1o uid mortga9e debt, ~nd, not lets tM~ ~en (10) dayt in advance of the expi~ation of each policy, to d~- livt~ to said MORTGAGEE a renewal tF?e~eof, topelhK with • ~et~ipt fw the p?Nnium of svth renewal; and Ihere shall be no I~re o~ windstorns ins~rante plated on ~ny of uid buildinys. any intere~t therein or p+r~ th~reof, unless in tM fwm ~nd with tM loss payabl~ at aforeaid; and in ~he •ve~l eny sum of money becomes payable u~de~ suth poliq or policies ~aid MORTGAGEE shall have the opt~on to ~eceive and apply rhe ssme oe+ account oi the indebted~ ness secured he~eby a ~o permil s~id MORTGAGORS to receivs ~nd us~ it a any parl thereof fw othe~ purpases, v~ittwul ~harrb~ waivi~~~ or ~~npair- ing any eqvity, lien a righ~ unde+ w by virtve of this mortga9e; and In ~M event w~d MORTGAGORS shall tw any reason iai) fo keep the said p?emises io insurod, w fait to deliver promp~ly any of ~aid polities of insuranc~ lo ssid MORTGAGEE, w fail promp?ly to pay fuily ~ny premium therefp a in a~y respett fail fo per(wm, distharge, executs, elfxt, complete, tomply wi?h and abide by this covenanl, u any parl hareof, ss~d MORTGAGEE may p~ece a~d pay fw suth inwrar?ce w any parl thereof without waiving w affetlinp any option, lien, eq~ity, or right under w by virtue of this Matgage, •nd tht full amount of each snd ev~ry iuch p~yment shall be immediately dw and payable and shall bear intereat from ths dats thereof until peid at the rate ol nine per centum per annum and to~ether with suth interost shall be secured by tM litn of this matgags. 1. To permit, commit w wf(er no wsste, impairrtKnt w deteraration of said property or any psA the~eof, 5. To pay all and singular the costs, charges and expenses, includirg a reasa+able attwney's Fee and cos~t of abatrads of title, incuncd o~ paid at any time by said MORiGAGEE, because w in the evenl of the fa~lure on the parl of Ihe said MORTGAGOR to duly, promptly and fulty perfam, diuhsrge. execute, effect, comptete, comply with and abide by each and every the stipulahons, agreements, conditions. and covenants of uid prom~ssory note and ~h~s mortgage any or either, and sa~d cosn, charges and expenxs, esch and every, sMll be immediately due and payable; whether w not there be norice de~ mand, attempt to collect w suit pend~ngt and the full amounl of esch and e-+ery svch payment shall bea. in~erest from the date thereof until paid a1 the rate oF nine per tentum per am~um; and all said costs, charges and expenses incurred w paid, together w~th such interest, shall be setured by the lien of this mortg~ge. 6. Thst (a) in the event of any breach of fhis Mwtgage or default on the part of the MOATGAGOR, or (b) in the event any of aa~d sums of mo~ey herein referred to be not promptly and fully paid within thirty (30) days nexl after the same severally become due and payabte, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenanri of sa~d promiuory note and th~s mortgage any or either are rwt iuly, promptly a~x! fully performed, d~xharged, executed, effected, completed, complied with and abided 5y, the~ in either or any such event the said ag gregate sum mtntioned in said promissory note ihen remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwirh, or thereafter, at the option of said MORTGAGEE, as fulty and completely as if a~l of the said sums of money were originslly it+pulated to be paid on such day, anything in sa~d promisswy note or in this Mwtgsge to the contrary notwithstanding; and thereupon o? thereafter at the option of sa~d MORTGAGEE, without notice or demand, suit at law or in equity, therefore w fhereafter begun, may be prosecuted as if all moneys setured hereby had maWred priw to its institution. 7. That in the evcnf that at the beginning ot or at any time pending any suit upon this Mortgage, or fo foreclose it, w to refwm it, w to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Cour~ having jurisd~ction thereof for the appointment of a Receiver, such CouA shall iorthwith appo~nt a receiver o( said mortgaged property all and singular, includ~ng aIl and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if speuficalty set forth a~ desuibed in the granting and habendum clauses hereof, and such Receiver shall have alt the broad and ef(ective funct~ons and powers in anywise entrvsted by a Court to a Receiver, and s~ch appointme~~t shall be made by such Court as an admitted equity and a matter of absotu~e r7ght to said MORTGAGEE, and wiihout re(erence to the adequacy or inadequacy of the value of the property mw~gaged o~ to the sotvency o~ insolvency of said MORTGAGOR M the defendants, a~d that auch renrs, profits, income, iuues and revenues shall be applied by s~ch Receive~ accwd~ng to ihe lien or equity of said MORiGAGEE and the practice of such Court. ~ ~i 8. To duly, promptly and fully perfwm, diuharge, execute, effect, complete, comply wilh and abide by each and every fhe sfipulations, agreements, conditans and covenants in u~d promissay note and this mortgage set fath. . 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors a~d assigns, may, without notice to the MORTGAOR, deal with such successw w successw in interest with referente to this mortgage and the debt hereby sxured in the same manner as with Mo~tgago? without in any way vitiati~g p discha~ging the Mortgagors' liability hera . under or upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no forbearance on the part of ~he MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, shall operate ro release, discharge, modify change or affett the origina! liability of the MORiGAGOR herein, either in whole or in part. 10_ It is spedf~catly agreed that time is of the essence of this contract_ and that no waiver of any obligatton hereunder w of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured~ herby. t I1. In add~tion to the forego:~g monthly paym~nts of princ'pal and inferest required by the promissory note secured hereby, morlgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estimated by mortgagee to be equa~ to 1 j 12 of the ann~al cost of the follow- ~ng: A-All ~eal property taxes levied or assessed agai~st the above described real estate. B-Prem~u~ns on fire and windstorm insurar.ce as herein requ;red to be carried on the improvements situate on the above desvibed premises. C-Prem~ums on such mortgage guaranty insvrance as mortgagee sha{I from t;me to time deem fit to carry on the loan secured hereby_ Mortgagee sfia11 from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and cayable on the due date of the next monthly payment and each suc~essive momh thereafter ur.til mwtgagee shall notify mortgagor of a change in such a~^,o~nt. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, aix! mortgage guaranty insurance I premiums. ~ IN WITNESS WHEREOF, the said MOR7GAGOR has hereunto set h+s F~and and seal the day an year first afwesaid: ! ~ Signed, Sealed and delivered in Fr~ presence of: ~J aq D n . 1 son ~~,q ' ~ " ~ ~ c5eaq Dona L. J n son ~~aq ~ 57ATE OF fl0 IDA ~ S5. COUNTY OF St _ L_I1Cle Before me personally appeared Denny W. Johnson a~ _ Dona L. Johnson his wife, to me well k~own and known to me to be the individvsfs deuribed in and who executed the foregoing instrumenl, and atkrawledged before me that they executed the same fw the purposes therein exp~essed. And the aaid ~na j. •.j0~1T150T1 w~fe of the said Denn~? W. Johnson upon a x rate, vat~,-. P+ !!'f~.P^ e,amination by me taken separate and apart from her said husband, acknowlydged to and before me that she execvted said instrumeM (r.eefy an~ Yo(ufi, ~ ~ar~ly and w~thout any compulsion, constraint, appreh i or fear of w from her said.~usband. ~ ' ~ ,o~ , ~ " ~ -?3'~ , , WITNESS my hand and official seal this da of L- •'b., l9 ~ / / . / . • _ E , . - _ _ ~ ~ Notary Pub~ic in a for the of f at tKge - J _ My Commission expires: ~ ' j • ~ Return To: ' MOTARY PUBtIC,".$[KE p~}'jp~A ap(A(~~t : ~ First Federal Savings b loan Associat~on j MY COir1MISSION. QX~)RE$ I~C~„~~ )yq~5~ . , O~ iort Pierce. BonEed Thru GenF~eJ fr.w;,a~t~e.,?l~Ln4,~~i~ ~ ~ , y . . . ~ Fort Pierce, ftorida r ~ y~ ~ /.~-~9 ~ ~ f~~EO RNC~ a~coROEo This Instrument Prepared By ~ohn W. Collins ST. LUCIE COUNTY f~A. ~ First Federal Savings & Loan Association lIOCER ?O+TRAS of Fort Pierce Flozida CLERK C~~t~UIT COURT ~(Q~ ~ P,ECORD Y«tF!Ep~~J~ ~ ~ Checked By f 17A! 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