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Home My WebLink About1875 To plac~ ar+d continuou~ly k~p on the b~itd~ngs ~ww a hereafter sitwt~ oe~ i~~d land and on ~II equipment a~d pertonally covercd by Ih~i matp~ p~. with ~II prtmiw~u IMreon pa~d in fuil, fire insuranc~ in Iht usual tunda.d policy fam, i~ a ium ~pproved by the MORiGAGEE. ~nd windstam • iniurar?c~ fn IM utua) ~tands~d pol~cy fam, in •~um ~ppraved by tM MORTGAGEE, in svch tompany w co~^P+^~es as ~M MORTGAGEE m+y direclj ~nd all fU~ +~d w~~?ditorm Intwance policia~ on ~ny of s+~d b+ild~^p~, +^y int+nst tMr~in o~ part the«of, in th~ +~gre9+fe sum alaesaid a in ext~af 1Mreof, sMll contain Ih~ ~s~al iundud morty~~ claus~ a such oftN. cliuw ~s th~ MortpayN may reqv~r~, makiny ~h~ bsti unda sa~d poti~ cws, e~ch ~nd ~ve~y. paYabk ~o uid MORiGAGEE ~s iu interest may app~+r, and e+ch and ~ve~y such policy ih+ll b~ promp~ly ass:qned snd delivered to ~ny held by satd MORTGAGEE ~s further security to said mat~a9e debt, and, no~ I~ss tF?a~ te~ (10) d+ys in sdvance of ths expir+tion ol each policy, to dr IivN ro said MORTGAGEE • r~wal Ihereof, 1oyelhN with •~K~ipt fa IM pta~+ivm of ivth re~ewal; and Ihere thatl bs no fire o~ winditorm ini~ranct pl~cad on ~~y of said buildinps. any inlerqt fher~in ot p~rt thenof, vnleu in ~I?~ fam ~nd with tM loss payabl~ ai •toresaid: and in th~ e~en~ any ium of rtan~y becanes p+Y+ble ~nder wch polky or po~~ciss i~id MORTGAGEE shall haw tFw optan to reteive and ~pply fhe s+me oe +aa+^t of the iodebted~ n~ss secur~d haeby o~ ro permit s~id MORTG:IGORS lo ~eceivs and us~ tt or •ny pat thereof for osher purpose~, w~~hout th~reb~ wai~~ng a~mpe~~- ;~,p ~ny equ;ty, lie~ ot ~ight u~dar or by virtw o~ this morsya~~: and in tM ~vent u~d MORTGAG~RS shall fw ~ny reawn fail to keep the ~atd p+emise~ w inwred. or iail to dttiva p~omptly any of said policies ol iniuranc~ to said MORTGAGEE, ot fail promptly to paY fully any premivm the~efa w in ~ny reipect fail ro pertwm, d~xha~ge, ~xecute, effect, complete, comply with and ~bidt by this cow!unf, a any part heraof. sa~d MORTGAGEE m+y p~+ce and f~ 1 ~mo~M of~~ach and wKy such P+Yma+t~sh+~~ II be ,iv"^^'°dN ely) due ar?d pyable a~+d sF+all ubesr intsrest from tM dalevtl?ereoffuntil pa'~' at~tF?e r+ eTo nin~ per ce~tum par ~nnum and togethet with suth inrersst :hall be secured by 1M li~n of this matyage- 4. To permit, comrnit w wffer no w~ste. imp+irmeM w detaiwation of said property or +~y Wrt thereof. S. To p~y dl ~nd sinpula~ tM costs, ch~ryes snd expe~ses, ind~+dirg + re+so~able attwney'~ fes and wsts of sbstractt of title, incvrred w paid ~t any time by said MORTGAGEE, becauie ot in the event of ths failure on the part of 1M said MORiGAGOR to duly, promptlY and fully perfwm, dixharg~. execute, eNM, oomplete, comp~Y wi~h ~nd ab;ds by each snd every the stipula~iorts. ~preements, conditio~s. +nd cove~+^n of uid promissory note and this mort9pe any or a~her. and wid cosn, chuges and expenses, each and evay, sMll bs immediately dw and payabte: whe~her w ~ot there be notice da mand. attempt ro coltect or wit p~nd~rg; and the full amount of each u+d every such paYmem shall bea. in~eres~ f~om the dste thereof until paid at the rate oi nine per centum per annum; and all said costs. chuges +nd expensca incurred w p+id. ~ogether with such interest. ~hall be setured by ths lia+ of thu mortps~t. 6. 1Mt (a) in the event of sny breach of this Mortgage w default on the part of ths MORTGAGOR, a(b) in the event ~ny of saC~ wma of money herein roferred to be not promprly snd fully paid within thirty (30) days next after the same severally become due and payable, without demand a notice. or in tF~q event each and every the stiputations, sgreaments, conditions and cove~?anrs of said promissory note and this mortgage a~y a either are ~ot ~luly, p?omptly and fully performed, d~scharged, executed, eff«ted, completed, compl~ed with and ab~ded by, then in e~ther or ae+y such ewnt ths said ag pregate wm mentioned in ssid promissory note then remsininp unpaid. with ioterest atcrued, and all moneys setured hereby, shall betome dw and p+y- able forthwith, a thereaftc., at the option of said MORTGAGEE. as fully ard complNely ai if all of the said sums of money were aiginally stipulated to be paid on s~ch day, any~hing in said promiuory note a in this Mortgage to ths contnry notwithstanding; and thereupa+ or thercafter at the op~~oo of said MORTGAGEE, without notice or demand, wit st law or in eqvity, thercFwe w tFKrsaite~ begun, may be prosec~ted u if atl mw~eys secured hereby had matured prior fo ib institution. 7. That in the event tl»t at the beginning of or at any time pend~ng any suit upon this Mortgage, w to fweclose it, w to refwm it, or to enfwts payment of any claims he~eunder, said MORTGAGEE shall apply to the Couh having jurisdiction thereof fw the appo~Mmen1 of a Receiver, such Cou~t sha~~ iwthwith sppoint a receiver of said matgaged propertY all and singular, includ~ng all and sirgvlar ~he income, profits, issues and revenues from whateve~ source derived, exh and every of which, it being express~y unek~stood, is F+ereby mortgaged as if specifically set forth ~nd described in tF~e granting and habendwei da~ses hereof, and such Receiver shall have sll the b~oad and effective f~nct~ons and powers in snywise entrusted by a Cou?t to a Rcceiver, and such appointment shall be made by such Co~rt as an admitted equity and a m+~ter of absolute right ro said MORTGAGEE, u~d without reference to the adequacy o? inadequacy of the vafue of the property n+wtgaged or to the wnrerxy w insolvency of said MORTGAGOR d the de(endants, and thst such rems, profin, income, iuues and revenues :hall be applied by such Receiver according to the lien or equity of said MORTCaAGEE and the practice of wch Coun. . 8. To dvly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, conditioni and oovenants ~n said p~om~sso?y oote and this mortgage set forth. 9. That in the event the ownersh+p of the mo?tgsged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the MORTGAGEE, in succeuon and auigns, may, without ra~ice to the MORTGAOR, deal with such successor or successa in interest with re~ere~+ce to this mortgage and the debt hereby secured in the same manner as with Mortgaga witFa~t in any way vitiating or dischsrging 1he Mortgagors' liabilify here- under or vpon the debt he+eby secured_ No ssle of the premises hereby mortgaged and no forbrarance on the pa~t of the MORT6AGEE or its successws or assigns and no extension of the time fw the payment of the deb~ hereby secured given by the MORTGAGEE or its successors or assigns. sh+~~ operate ro release, discharge, modify change or aifect the wiginal liability of the MORTGAGOR herein, either i~ whole w in psrt. 10. It is specifically agreed that time is of the essa+ce of this contrad and that no waiver of any obligation hereunder w of the obligation se- cured hereby shalt at any time ihereafte? be held to be a waiver of the ftrms hereof or of the insuument setured herby. 11. In add+tio~ to the forego:ng monthly paymants of prinCpal and interest requ~red by the prorn~sso+Y nere secured hereby, mortgagor covenants and agtees to pay to mortgagee with each monthly payment an add~rional sum e:timated by ~tgagee to be equal to 1/12 of the annual cost of the fol{ow- ing: A-All real properry taxes levied o? auessed against thc a6ove described real estate. ~ B-Premiums on fire and windstorm insurance as herein requ~red to be carried o~ 1he improveme~ts situate on the sbove destribed prern~ses. i C-Premivms on such mwtgage guaranty insurance as mortgagee shall from t~rne to time deem fit to carry on the loan secu~ed hereby. ~ Mortgagce sfial~ from time to time nocify mortgagor in writirg of the amount due and payable hereunder and such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each svccessive month thereafte~ uftil mortgagee sha~~ rwtify mortgagor of a change in such ~ amou~f. Such sums shall be applied by rt+ortgagee toward the payment of real property faxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereuntp s~L1~~baR~~ the day and yesr first aforesaid_ Signed. Se ed end deliver the prexnce of: ;T ~C1f v0{IMI„L~, Il6CEF ?Oi7R~` ~ a0 C4~RK C~.:GUIT CW~T q ~ft"Rt`':E*s'fIEO...~..~..~~ ~,t, ` 0 ~ N ~ ZO ~M'~~ ~ • ao STATE OF FLORIDA 1 ~C?~4SO -1f - - COUNiY OF I.11C~! 1 ~ ~~,~r ~'~Ii:flffll%t~~~ Befwe me personally appeared Gerald A. Johnson ~~~;.--~.~~P~ e 81sfe .Tohason hu W~r~, ~o ~ W~u k`~.+'~ +~~~o~v, the individuels described in and who execWed the fore9oing instrument, end acknowledged before me that they execute~`t w th} -pyr~aa~ therein exptessed. Md the w' ~si@ Johnson ; ` • C.-~ M,~te of the sa~d G@t8?ld A. JOhI1SOZ1 Sp'~on a • pOwte- e:aminsYan by me taken separate and apart from her said husband. aclu+ow~edged ro snd before me tF~at she executed said i~tiyrt~~Y :~~j~ rarily and w~thout any compulsion, constraint, sppre w ar of or from her said husband. rj ~ WITNESS my hsnd and official sesl thi day of Ma ~Az,a~ Qj: ~i~~ ~T~ ~t , STATE OF FLORIDA ~OUNTY OF Lucie ~ u- Notary Public in and i t fate o Fbrida~t' irpe9' ' My Commiuion enpir~ ~ S - Befwe me pertonslly appeared S~eve ~k~tC1I1 ~ /~~'.~,~J ~ 0 ~ .S1 r D ' his wife, to me well known and'knoqM'Tp+me ,~0 1Ss the individuals described in a~d who executed the foreya instrvment, and acknowledged before me that they executed the,iame=~%fhe•pyrposes therein exp~essed. And ihe said ~198 ~~rC~li wife of tl~e said - .St@V@ $~iCOZCill u~ol~ •'sep+~lt~`a~d p~r' ~te~'t'~ examinatiw~ by me taken separate and apart from her said F~usbsnd, ackrwwkdged to and before me that sbe execvted s~id iratnxnent freelypnd v~luri~ rarily and witFwut any compuls'an, constraint, apprel~ension, a fea of or from her seid huiband. ~ ..~:t t WITNESS my hsnd and official seal thi. 16th day of a " ~ tq1 74~ ; CS i 4._ . . T'his instruaent prepared by M bry Vublic ~ fa t tate FloriA~,~~,~+~. , Richazd K. IGayeS y Comm~uian e res: ~ First Federal Savings and Loan Association of Ft. Pierce, Florida ~ ~ RETURN TO y~ ! p ~ . , • • - ? : ~f•. "•''•aa~rrbSavings i~ !ean As~oc:_.on P P.~IGE~(~~ , . ~ u~~o:t ~ ier~c f1 _ , ~ _ _ . _ , ~