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Tu place acd conGnvo-rs!y ktep on Ur^ bui:dings now or hereafter si'uata on said land and nn ell equ~pmant ar,d personally cu.ried fry this n~or.q- ege, w,!h ell t,r<•miums In_reon paid in full: fire insurance in the usual standard policy form, in a wm approved by the hSURIGAGEE, and ,vindsterm insurance i.t the usual sranc.ard poky form, in a sun approved by the .M.OkT~AGEE, in such company or cn~npan:es ~s the h50RTGAGEE may d,rect; and a'I Gtr and w:r.dvorrn insu•ar.ce poGcirs on any of said build rigs, any interca therein or part thereof, in the a~ru-gate sun efcrrtaid or in excess thereof, shall contain the usual standard n,urigagee clause or such oche clause as the ASortg agee may requ~re, making the loss u^.drr said poli- cies, each and e _ry, pav~b'e ro aid 1.50R1GAGEF as its interest may appear, ,,rid each and every such policy s}.aU be urumPtly ass geed ar:d delivered !o any he'd by said N.,OkiGAGEE as bather security to said mortgage debt, end, not less than ten (10) days in advent „! t`+e ex, iraticn of each pcl!cy, to de- Ilver to said h50RTGACFE a renewal Iherrof, together with n receipt ire the prem~u-n of such renewal; and there shall be no fire rr vnndstonn insurance FIaceJ on any of said buildings, any intrr::st therein or part rftr.rof, unless in the form and with rite loss paiab!e as aforesaid; acd in tE.e event any sum o} money becomes paYah!r und'_. wch policy nr peCcies said t.50RTGAGEE shall h,ve the c,pY:on to rc<'ive and apply the same on account of tht indrbted- nass secured hereby or to permit said MORTGAGORS to receive end use it or any part thereof !..-.r o,;:er }war: ~sos, :vn%tiwut th r•:.r •~:, :~. •..t or inipan- iny any eGu~ty, t=en or right under or by virtue of this mortgage; end in the event said MORTGAGORS shill for any mason fail to k_ep the said premises fo insured, or fail to deliver promptly any of said pobcies of insurance to to-.d t.50RTGAhFE, or fail prcmF.niy to pay fully any prrm~usn thcrrlor or in am resf: act fail to perlorna, dreharye. execute, e1feU, complete, comply with and abide ~~y this covena:,t, or any Part hereof, said h50~TG:~GFE may piece a~a pay for such insurance or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue cf this Mortgage, asd the full z nount of exh and every such payme-nt shall he inm,ediatrly due and payai,'e and si~a~I bear interest from the date thereof until paid at the rate of nine per crntuln per annum and tog<+her with each foci-rest :hall bz secured by Ihz lien of this mortyaoe 1. To perrnil, Gmmit or wffcr no waste, impairment or deterioration of said property or any part t~.r.e:.f. • 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any tune by said h50R}GAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perfcrrn, discharge. execute, effect, ccnp'ete, cornp!y wnh and aside by each and every the sfpvlations, agreements, cond~Yions, and covenants of said pronussory note and thn mortgage any or either, and sad coots, charges and expenses, each and e~rry, shall br in,mrdiately due and payable; whether or not there be ncttce dr rnand, attempt to collect or suit pending; and the full amo..,a of each and every such payment shall bear interest brim the date thereof until paid at the r,., :;t nine t•er contuni per annum; ar:d ail Bald costs, charges and ex},e ses incurred or paid, together wah such ir.!erest, shill be sec..red by the lien of this mortgage. - 6. That la) in the event of any breach of this h5ortg age or defablt on the part of the h50RTGAGOR, or (b) in the event any of said wms of monty herein referred to be cot promptly and fully paid within thirty 13b) days next aft•:r the sa~+~e srrerasly brcan-~ due and payable, without cti~sand or nonce, or (c) in the event each and every the stipulations, agreements, conditions and covenans of sa~~d promissory note and this mortgage any or either are not 1uly, promptly and fully performed, d schargrd, executed, effected, completed, complied with and abid<d `: y, then in ether or any such evem the said ag- gregate sum rnenrene~, ir. said promissory note lbws remaining unpaid, with interest attrued, and all moneys secured hereby, shall become due and pay- ab:e forth.v ith, or !hereafter, at the option of said h50RTGAGEE, as Tully and completely as if a;l of the said Burns of money were originally ;tipolated to be paid on such dap, anything m said promissory note or in th.t Mortgage to the contrary notwithstanding; and thereupon or thereafter at the opnon of said h50RTGAGEE, without notice or demand. suit at law or in equity, thtrefore or thereafter begun, may be prosecuted as it all moneys secured hereby had matured pr.or to its institution. 7. That in the event that at the beginning of or at any time p°nding any suit upon this h5ortgage, ur to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said k50RTGAGEE shall apply to the Court having jurnd:ction th=roof for the appointment of a Recaiv,r, •~rch Court shall forthwith appoim a receiver of said mortgaged property ail and singular, including all and singular the income, profits, naves and revenues from whatever source derived, each and every of whkh, it being expressly understood, is hereby mortgaged as "rf specificrlly set forth and desvibrd in the granting and '>endum clauses hereof, and such Receiver shall have all the broad ar:d effective funct.ons and power rn anyv.ise entrusted by a Court to a Receiver, ano° such ap}:ointn:ent shall be n`ade by such Court as an admitted equity and a enactor of absolute right to said MORTGAGEE, and without reference to the adequ::ey or inad,quacy of the value of the property mortgaged or to the so'.vency or mso~vency of said h50RiGAGOR o. the defendants, acd thst wch rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said h10RTGAGEE and the practice of wch Court. 8. To duly, o+omptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions end covenzms in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other that, the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the 1.5pkTGAOR, deal vv!th such successor or successor in interest wish reference to this mortgage and the debt hereby severed in the same manner as with h5ortgagor criihout in any way viliatinq or discharging the Mor.gagor' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the 1.50RTGAGEE nr its successor or assigns and no extension of the time for the payment of the debt hereby secured green t,y the MORTGAGEE or its successors or ass,gns, shall operate to release, discharge, modify change er affect the original liab~bty of the h50RTGAGOR herein, either to whole or in part. }0. it is specifically ageetd that time is of the essence of this contract and that no waiver cf any obligation hereunder or of the obligatian se- cured hereby shall at any time thereaher be held to he a waiver of the terms hereof or of the instrument secured herby. 1 }. In dddtion to the forego{rig monthly payments of print-pal and interest required by the prom--Beery note scoured hereby, mortgagor covenants and spears to pay to mortgagee with each m.cnthly paymer;t an add,tional Burn esnn,ated by mortgagee to be equal ro 1, 12 of the annual cost of the follow- ing: A All real property taxes Ir:icd or assessed against the above described real estate. B Prem~u ns cn fire and .vir.dsterm insurance as herein required to be carved on the improvements situa!e on the above described premises. C-Pre mums on such n•.ortgage guaranty insurance as mortgagee shall from tir.,e !o tune deem Tit to carry on the loan secured hereby. Miortgagee shall from time to time notify n,ertyagor in writing of the amount dc; and payable herein:der and wch sum shall thereupon be due and payable on the due date of the next monthly payment and each successrve morph thereafter until rnortyagae shat! notify mortgagor of a change in such amount. Such Burns shall be applied uy mortgagee toward the payment of real property taxes, i..,.,,cr,ce premiums, and mortgage guaranty inwrance premiums. ICJ `1JITiJESS WHEREOF, the said MORTGAGOR has hereunto set his hand ar,d seal the day and yeaj first aforesaid. ,~ J~,,r ~: • j Signed, d ar eliv e in e presence of: I ~, _lSe a I; ~ ~~ ' __ (Seal) STATE OF FLORIE)A I r ~• COUNTY OF -- e ~~ • Ll1C ie f { end Before me personally appeared ~L~ ~ { "~ ~ I r ~' n nl'tP - 1~~.y ~M,~,T ~~S f jc~er~_ __ _ his wife, to me well known and knovrn to me to 6e the individr•als described in end who executed the foregoing instrument, and acknowlt-:gad before me that they executed the same for the purposes therein expressed. And the said jd~ ~ r7es~ _~. 1'lOOI'E! i:, ,,, J t;1il _ i am .J . hinrr8 _ _ ufjP1 ~1 ~epcrtp :,., ~•ive!a wiFe of the said - rl;rlse~t~ ~ rNif ~ d vol tn- examination by me taken separate and apart from her raid husband, acknowledged to and before a that she executed saidJn~{J ~, '~,•` `pri{t ~ v tartly and without any compulsion, constraint, apprehension, ear of or from her raid husband. ~ -.'` '. ~~ A. •D. •~L G Z WITNESS my hand and official seal this ~ _ day of _ 1. . y~ r . ~ (:-. _~ w _~'_ _ y Notary Public in end for the Ssetd bf~y orida at. laryig4• M Commission expires: Y ~~- a`~-~ ~--fs Return To; 1'a ~~~~~ ' ~' x : ~,~` First Federal Savings S Loan Association r'+., ~ ' ~•^~`', t, ° i Of Furt Pierce. ~" ~- . Fort Pierce, Florida [I ANO RELO ~D . . , ~~ ~~ ..- •~:.; ~ "~ 0 PM ~: 0 •. ~ ~. 1962 OCT 3 ~ - _=~~;_ ~' ~~ . - ROGER POITRAS,CIERK . r,~, - '• : S1. IUCIE CO'JNT'f, FLOftI6A ~ ;'~ UU _ ~ .-. `-t,~ , . _ . . ~ _ "~ ._ _