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To plec• and continuoutiy keep on the bui!ding• ~ow ar heroaf~er •~t~at~ o~ sa~d ler~d and a~ +ii eq:,;pmant and p~nonal~y tove~trd by thit rr.artq~ N~, w~th all premiuma fhereon psid in fuli, tire insuronca in rhe uawl standard policy form, in a wm approved by the MORTGAGEE, and w~ndatorm inaursnce in tM usual •ur.rlard pol;cy form, in a sum approved by tha MORTGAGEE, i~ such tompany o~ companiss ~a th~ MORTGAGEE may direct; and all fi~• and windstorm insurorce poiities on ~ny nf ~aid buildinys, any intarest therein or pert thereof, in the ~yyreqate ~um aforeaa;d or in ~xcefs thereof, shell co~tsin the wual standard martgagee cl~uta w such orher clause e• th~ Mortqagee may requ~n, makirrp fha lou under said poti- cies, each •nd every, payeble to aid MORTGAGEE es its intn~at may appear, and each and every tuch poticy shall be promptly an gnrd end deliverad io any held by said MORTGAGEE as further ~ecurity to sa~d mortgage debt, and, not leu than ten (IOy days in advance of the axpiration of each policy, to de- live~ ro seid MdRTGAGEE a renewal the~eof, to9etFwr with a receipt for the premium af such renewal; and there shall 5e no f~re or windsto~m inwrance plecad on any of ssid buildinqs, any intercat the~sin w part therrof, unleta in the form and with the loas payabie as eforesaid; e~d in the eveM any sum of money becom~~ payabia under such policy o~ policrot aid MORTGAGEE shall have rhe option to receive and apply the same on account of the indabted- ness sec~red hereby w ro permit said MOkTGAGORS ro receive •nd use it w any parl thereof for otncr purposea, w~tho~t thz~•eb~ wai~i~~g or ~nepai~- ing any ec~uity, lien or r~gh! under or by virtus of this mo-rga9e; and in the event ta~d MORTGAGORS shall for any reason fail !o keep the said prem~ara so insured, or fail to deliver promptly ~ny of said polities of insurence to said MORiGAGEE, or fai! prompt~y to pay fu!ly any premi~~~n therafor or in a~y respect fail to pcrform, discharge, execute, effed, tomp!ete, comply with and ab+de by thit tovenant, or any part hereof, sa~d Mt7RTGAGEE may place and pay for •uch insurance or any part ihereof without weivinfl a•ffectinp any option, lien, equity, or right under or by virtua of this Mortgage, and the futl amuunt of eech and every such payment ~hall be immediatefy due and payable snd ~hall bear intn~est from the date thereof until paid at the rate ol n~~~e per cent~m per a~inum and to~ether with such interest shall be secured by ths lien of this mo~tgege. d. To permit, commit or suffer rro waste, impeirment o: deterioration of said property or any pert thereof. 5. To pey all and singufar the costs, <hargea and expenaes, includi~g a reasanable attorney's fee and costs of absfracts of title, incurred or paid at any time by eaid MORTGAG'.E, becauie or in the •vsnt of the failure on the part of the ssid MORTGAGOR to duly, promptly and fully perform, dncharge. exe:ute, effed, complete, tomply with and ab~de by each and every the stipulations, agreements, cond~hona, and covena~ts of yaid promissory note and thls mortgage any or e~ther, and said cosb, charges and expenses, each and every, shall be lmmediately due and payable; whether or not there be nerice d~ mand, attempt to collect or auit pending; ~nd the fuq amount of each and every wch payment shall bear interes~ from the dete thereof until paid at the rate of nir~e per czntu+n par an~ium; aod all said costs, charges and expenaes incurred or paid, together with wch interett, shall ba :eu~red by th~ lien of thi• mortp~ge. 6. That (a) in the event of any breach of thie Mortga9e or default on the pert of tha AtiORTGAGOR, or (b) in the event any of eatd sums of moncy herein referred to be not promprly and fully paid within thirty (30) daya next after the sama severalfy become due and payable, withc.ut demand or notice, or (c) in rhe event each and every the stipu~ations, agreements, cond~tions and covenants of sa:d promissory note and th~s mortqaqe any or either are not ~uly, promptly end fully performed, d~scharged, executed, affected, completed, complied with and abided by, then in e~ther o¦ any such event the said ag~ gregate wm mentioned in said promiasory note then r_meining unpaid, with interest accrued, and all moneys secured hereby, shall bec~me due end pey able. forthwith, or rhereafter, at rhe option of iaid MORTGAGEE, as fully and completely as if all of the said sums of money were originaliy st~pulatcd to be pa~d on such dsy, anything in sa;d promissory note or in this Mortgagt ro the cORtrary nctwirhsranding; and Ihereupon or thereafter at the option of said MORTGAGEE, without notlce or demand, suit at law or in equi'y, therefore or thereafter begun, may be prosecuted es if all moneys secured hereby had matured pr~or to ~ts instit~rion. 7. That in the event rhat at the beginni~g of or at any time pertding any suit upon this Mor!gage, or fo foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Couri having jurisd~crion thereof for the appo~ntment of a Receiver, such Court shall forthwith appo~nt a receiver of aaid morigaged property all and singular, intlud~ng ail and sing~lar the intome, profits, issues and revenues from whatever xource der~ved, each and every of which, ii txing expresaly understood, ia hereuy mortgeged as if specifically set forth and deuribed in the granting and hahend~m c~a~,ses hereof, and such Receivar shell have ail the broad and eftective funct~ons and powers in anywiae entrusted by a Court to a Receiver, ar,d s:,ch appointment shal! be made by such CQUrt as an admitted equity end a matter of absoiute right to said MORTGAGEE, snd without reference to the adeq~~acy er iradequacy of the value of the property mortgaged or to the soivency or insolvency of •aid MORTGAGOR cc the defendants, and that such renrs, protits, income, ;ssues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE a~d the practica of ~uch Court. 8. To du1y, prumptly and fully perform, discharge, execute, effett, complete, comply with and abide by each and every the stipulations, agreementt, condit:on~ and covenants in said promiasory note and this morigage set forth. 9. Thet in the event the ownership of the mortgaged premises, or any part tFierenf, brcomes vested in a perwn other than the MORTGAGOR, the h10RTGAGcE, i!s wccessors and assigns, may, without notice to the MORTGAOR, deal with wch wctesso~ or i~ccessor in interest with reference to this mo~rgage ard the debt hereby secured ir. the same manner as with Mortga~or without in any way viriating or discharc~ing the Mortgagors' ~iability here- urder o: upon the debt hereoy sewred. No saie of the premises hereby m~rtgaged arrd na forbearance on the part of the MORTGAGEE or its successors or assigns and ro exrension of ~he time for the paymenr cf the debt hereby secured given by the MORTGAGEE or its suctesaors or assignt, shall operate ;o re!ease, dlscharge, modify change or affect the original liabitity of the M~RTGAGOR herein, either in whele or in part. 10. it is specifical!y agreed that time is of the esaence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shail at any time thereafter be held to bP a wai~er of ihe terms hereof o~ of the ~nstrumert sewred herby. l l. In add tio~ to th•~ forego'rg menthly payrnents of princ pal and interes! required by the promissory no!e secvred hereby, mortgagor covena~ts and agrees to pay to mort3ag?e with each moMhly pay•r.ent an addirional sum estimated by mertgagee to be equal to 1/12 of the annual cosl of the follow- ing: A-Af1 real Fuoperty taxes levied or asses;ed aga~~st the abave described real estate. B- Piem~ums on fre and ~vindsrorm insurar.ce as her•_i;: requ;red to be carried on the improveme7ts situate on the above d:scribed premiaes. C-Prerniums on such mortgaga guaranty insurance as mortgagee shall from t~me to time deem fit to tarry on ihe loan secured hereby. Mor!gage= sha!I from time to ti:r,e notify morfoagcr in writ~ng of rhe amou~t d~e and payable hereunder and wch sum shall thereup~n be due aod payab!e on the due cate of ~he r.<xt monthly payment and each successive mor,th thereaft:r ur.ti~ mortgagee shal~ notify mortgagor of a change in such a•~;cunt. Such sums sha~i be app!ied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insuronce pretniums. IN N:ITNE55 `NHEREOF, the sa~d MORiGAGOR has hereunto set his hand and seal th~ day and year first aforesaid. Signrd, $ealed nnd delivered in ihe presence of: - (Seal) ~ ac'~I.'o (Seal) (See I) STATE Or ft.ORIDA ~ COUNTY OF ~_~~r. • L1.1C j,@ ~ Before~ rr.e personally ar,peared z+lDyd ~~-~-~Y' _ and CilA~i~1C~8 F. Ta310I` his wife, to me well known and icnown to me to be rhe individua:s described in and who execufed the foreqoin9 instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the ~a~d-_ ClOtj.ld9 F. Taylor , ..;;fe of ihe sa;d _~l~~~ ~a~:lOY' upon a sepa,ate end private exam~r~at~or, by me tak:n separate and apar! from her said husband, ecknowledgeci to and before me that she exec~ted said instrument freely and volun- rar~ly and w~thout any comp~laion, constraint, apprehansion, or fear of or from her said husband. Y~ITNESS my han~ and officia! seal this_~~_ day of f~~-~ , A, p. 19.~- ~ , • , ~ ~ ~rY..C4a~ - ti _ Notary P~blic in and for the ~ta!e Qf Florida et Larqe , My Cammission expires: ~r~"~ Y°%'•' Motary Public. State of Florid2 at Lar~e F«n ~fi~ecal,~avirga k toon 1~auu'~1~ ANp R~CO MY Commission Ex~ires MBrCh jg, 1968 af Fo.r P;erce: t~- ~v_ ~EO ~on.e7 gy ~mar can 5ure.ty.C;o, of N. Y. ~ Fort Pierce, il~de, . - ~OOK . ; . ~ - ~ C~~,.~.~~~- - _ ~ . . ~ ,r(!/~!`~~en~~~~,,.. N~ ~~r 1 ~ ~ • _ ~ •~.5_.~`~~~%1.•' . • ' .l Lj.~'~~ , ~'t~ • _ !r„~~~~i fJ 1 ' ROST ~UCI~~AS. CLERK • . f ,1 ' .~i . : FLOR pq ~TY, ~ ~ ~ ~ " , . op,1~2 252 BCG!( ~ ~s ~ ~