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To place a~d continuously keep o~ the bu~:d~n9s now or hereafter ~itu~te o~ ~~id land and a+ all equipment and penonally covered by thii mo~tq~ ~
sge, w~th ~II p.emiums ~herea? pa~d in full, f~re insurance in ths viual sundard poticy fam, in • sum app~oved by the MORiGAGEE, arui windsiam
~nsw~nc~ in 1M v~u~l ~~andard pc~~cy torm, in ~~um approved by ~h~ MORTGAGfE. 1~ such con+pa~y c? ~anP+^~QS as ~M MORTGAGEE ~++y
diratj ~nd ~I) tire ar~d windslo~m in~uronce policiet on ~ny oi taid buildin~s, any {nter~st therain or pert thereof, in the +~re9ae~ sum afa~wid or
In ~xce~s thereoi, ~hall contain the usual st~ndxd matgayN cta~se w suth other clauas es tM Matyagee may requ~re. makinp ~M toss unda sa~d polF i
.~~s, ssch aad e+:cry. paYab!e ta •+~d MC~RfGAGEE as its interes~ ~n+r appear. ~nd each and every svch potiq ahall be promptly au gned and delivered ~o i
any hetd by satd MORTGAGEE as turther secu~ity to sa~d mortyage debt, and, not less ~Mn ~sn p01 days In advance of tM exp~?atian ot each Fo!icy, to c!a
livtr to wid MORTGAGEE a ~e~ewal thereof, IopelhN with • reteipt (or the p~emium of such renewal; and ~her~ shall be no f~re o~ w~^ds+or~n insurant~
pl~tud ~ a~y af sa:d buildinps, arty inte+es! the~e~n cr p+rt ~heraof, unl~u in tF~t torm and with tM lou payable +s afwe~+id: u+d t~ tl+e e~e^~ +^Y sum
of money becanes psyable under iuch policy a pol~cies uid MORTGAGEE shall haw the option to receive and apply ~he san+e a? +ccw+~~1 ot tltia Ir.d~bs.d-
neu sscured hereby or ro pe~mit said MORTGAGORS to teceive and use it p any part thereof fw othcr purposes, wi~hout thereb~ waivi~ig o~ u~~Pd~'' i
ing any eqvity, lien or ri9h~ under or by virtue of this mortgage; ~nd in tM eve~t taid MORTGAGORS shall fa any ~eafon iail to keep the s~~d p~en+~~rs so ~
insu?ed, q fail fo de~ive~ p~omptly snY of said po~icief of insurance to tsid MORTGAGEE, w fail promptly to pay i~~~Y a^Y Premi~m Ihuefor a in a~y
respact fail ro perfam, discharge, executs, effect, complete, comply with and abids by this cove~ant, w+nY part he~eof, said MORiGAGEE may place and
pay fa suth iruurance w any pan thereof wi~hout waiviny w affecting any option, lien, equity, w right under w by virtue of this Matgage, u+d ~he
f~ll amount of esch and every iuch paymen~ shall be immediately due and payabk and sha~l baar interest from the date lhereof until pa~d at the rate ol
nine per cent~m pe~ annum and to~ethe? wi~h such imcres? shs1l be secured by tM lie~ of th~s mor~9age-
4. To pe~mif, commit or suffa no waste, impairme~t w deterio~atia? of said property or snY PaN ~he~eof.
5. To pay all and singular the costs, charges and expee~ses, including a reasonable atto?ney's fee and costs of abstracts of litle, incurred w pa~d a~
any time by said MORTt'iAGfE, becavse or in the event of the failure on the part of 1he taid MORTGAGOR to duly, promptly snd fully perfwm, d~uhar9e.
execute, eifett, complNe, comply with and abide by each and every the stipulations, agreemenn, conditions, and cove~ants of said p~om7ssory note and this
mwtgage any o~ either. and said cosb, cMrges and e~cpenses. each and evcry, shall be immediately dve and payable: whether a oot there be ~wtice dr
mand, attempt to collect w suit pe~d7ng; snd the full amount of each and e~e?y svch paymeM shall bear interost from 1he date tFxreof until p~id at the
r~~e of nine per centum per annum; and all said costs, charges and expenus i~turred or ps~d, togethet with such interest, shall be setured by the lien of thif
mortyags.
6. That (a) i~ the event of any breach of this Mwtgage w default on the part of the MORTGAGOR, a(b) in the eveot any of said sums of money
hPrein referred ~o be not p?omptly and fully paid withi~ thirty (30) days nex~ after the same severatly become due and payabls, wi~hout demand w notice,
or (c) in tF~e event each a:~d every the stipulations, ag~eements, co~ditions and covenants of sa~d p?omissorY note a+xl th~s martyage any w e~ther are no~
iuly, promptly and fully performed, d~xharged, executed, eifected, completed, complied with and abided by, then in either w any such event the said ag
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, snd all moneys sec~red he~ebY. shall becwne due +~d PaY-
able fathwith, w thereafter, al the option of said MORTGAGEE, as fully and comp~etely as if ~II of the said sums of money were o~iginally st~pu?ated
to be pald on svch day, anything in :a;d promissay note or in this Mortgage to the cororary notwithstanding; and ~he~eupon w thereafter at the op~~on e(
said MORTGAGEE, without notite or demand, suit at law or in equity, there(ore o~ thereafter begu~, may be pro~ecuted aa if all moneyi secured heteby
had mawred prior to its institution.
7. That in the evenl that at the beginnirg of or at any time pending any suit vpon this Mortgage, or ro fw«lose if, w to refam it, a to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Courl having jurisdittion thereof fot the appointmMt of • Receiver, such Court shall
torthwith appoint a receiver of :aid rtwrtgaged property all and singular, includ~ng all and singular the income, prot~ts, issues and revenurs from whate~er t
source derived, each end every of wh~ch, it being expressly ~ndcrs~ood, is hereby mwtgaged as if speufically xt forth and described in the gr~nting and
habendom dauses Ixreof, and such Receiver shall have all ~he broad end ef(ecrive funct~ons and powers in anywise entr~sted by a Court 1o a Receivtr, and
such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and w~thoul reference to the i
adeq~aty w inadequacy of the value of the property mo~tgaged or to the so~venty o? insolvency of said MORTGAGOR or the defendaMS, and that such ~
~en~s, profits; income, iuues and revenues shall be applied by such Receiver accord~ng to the 1'~en w equity of said MORTGAGEE and the practice of such
CouA.
8. To duly, promptly and fully perform, discharge, execute, effect, mmplete, comply with snd abide by each and every the stipulations, agreements,
conditans ~nd cover?ants in sa~d promisswy note and this mortgage se1 iorth.
9. That in the evem the ownmship of the mortgaged premises, w any part fhereof, becomes vested in a pr?son other than the MORTGAGOR, the
n~.OkTGAGEE, its successws and auigns, may, w+slw::t r..-,sice ta she MORTGAOR, deal wi~h svch successor a svcce:so~ in interest with reference to this _
mortgage ~nd the debt hereby secured in the same manner as with Mortgagor without in any way vitisting w c' uhargirg the Mwtgagors' liability herr
under w upon the debt hereby secured. No sa~e of the premixs hereby mortgaged ~nd no forbearance on the pan of the MORTGAGEE w its successws
or assigns and no extension of the time fa tFK paymen~ of the debt hereby secured given by the MORTGAGEE or its s~ccessors or au~gn , stiall operate
to releax, diuharge, modify change or affett tF~e wig~nal liability of the MORTGAGOR herein, either in whok or in part.
10. It is specifically egreed that time is of the essence of this contrad and that no wsiver of any obligation hereunder or of the obligaYan se-
cured hereby shall at any time thereafter be held to be a waiver of the t.•:~ns hereof or of the instrument secured herby.
11. In add~tion to the fwego:ng monthfy payments of princ'pal and interest required by the promissory note secured hereby, mortgagot cove~ants
and aqrees to pay to mo:tgagee w~th each monthty payrnent an add~iional sum est~n,ated by mo~tgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes levied o~ assesse8 against the above described real estate.
; B-Premiums on fi~e and windstorm insurance as herein requ~red to be carried on ~he improveme~ts situate on the above described premises.
I C-Prcmiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
i Mortgagee sfiaii from time to time ootify mortgagor in writing of the amount due and payable hereunder and such sum shall tFereupon be due and
; Fayable on the dve date of the next mor+thly payme~t and each successive month thereafter urti) mortgsgee shall notify mortgagw of a change in such
` a~:ount. Such sums shall be applied by mortgagee toward the payment of real property tazes, insurante p~em.ums, and mortgage guaranty insurence
f p~emiums.
E IN Y~ITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day a ear fir e id.
Signed, Sealed and delivered in the presence of: '
an
~ (Seaq
~ ' Sean
- Sesq
v'
STATE OF FLORIDA ~ '
S5.
COUNTY OF St . Lucie
Before me personally appeared John Johnson and
.Iolene Johnson his wiie, to me well known and known to me to be
the individuals described in and who executed tFx for oing instrument, and acknowledged before me that they executed the same for the purposes ~
rherein expressed. And the sa~d Jolene ~ohnson
w~fe of the said John Johnson vpon s separate aod private ~
exam~natwn by me taken separate and apart from her said husband, acknowledged to and before me that she executed ssid instrume~t freely ar?d volun-
~ar~ly and witF~out any compulsion, constraint, apprehension, ear of or from her said husband. ' .j ~
~y/j~',,' ~
WITNESS my hand and offitiat seal this day of May R~ A~~ lq~ '
-~y=, ',~v .<<~ r~ .
Notary Public in a fw t tate of florlda,rf~arpe'•
• n / {
My Commiuio~ expires: _ ~ ~ J' .~G ~
Return To: NOTARY PU4LIC. STATE Of RORlD~~`~, q ~
First Federal Savings d. Loan Association ~~~~/~4 O ~1 ;
Of Fort P~erce. MY C Qki1:1~~1 J T
1 EXPI R E
i I A N. 7 7 0 ~ ~ a.~
~MMWw r~ 'uu.~ww vinkP.Jf ~Air/~1 ~.1 s~
Fort Pierce, florida r~ l^ ~ ~'1ti ~
q~t1 ......r• of ~
^ r i ,ti
1 '
~N~ H~coao~ .
This Instrument Prepared By RiChard K. K8~
~iE ~01l1~r~ ~ L
First Federal Savings 8 Loan Associa!ion i'•`RpCER o~~jt
~p~Rt
of Fort Pierce Florida ~~ERK G~a~ E~q
~ ~ P.ff•~RD `~E~~' ~ 11
Checked By ~ Z3 q 09 QH
F_~~
~7 PACE2545
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