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To plsce end continuously keep on the bui!dinga now or heroaftgr ~iNate on said latid and on a:i equipment and pursonally covsrtd by this mortg- ~ge, w~th all prcmivm~ theraon peid in full, fire insurance in rhe ~~uel standard policy form, in a s~m epproved by the MOR~uAGEE, and windstorm :nsu~ance in the usval s~andard ~Ol~cy form, in a sum approve~ by the MORTGAGEE, in eucfi compa~:y or companie• as tha MORTGAGEE may direct; a~d ail fire and windstarm i~sure~ca policies on any of said bv~ld~n9s, sny intsres~ therein or part thereof, in the aggregate sum aforesaid or fn •xcest ~hereof, shall contain~pb usual ~tanderd mongagea clause or suth other clauie as th~ Mortgagee may requ~ra, meking the Ioss under sa~d po~~ c;e~, each end every, paya '1o sa~d MORiGAGEf ss ite interest may sppear, and each and every wch }wl~cy tihatl be p~on:ptly ess gned and delivered to my held by ~e~d MOA( GEE as further security to said mortgaga debt, and, nor less than ten (10; days in advance of the expiratlon of each poiicy, to dr- liver fo saEd MORTGAGEE a renewal ihereof, together with a receipt for the premium ot •uch renewal; and there shall be no f~re or windsto~m inwrance pleted on any of said buildings, any in!erest thcrein or part thereof, unless in the form and wiih thc loss payable as aforesaid; and i~i the event any wm of money betomes payable undar such polity or policies uid MORTGAGEE ahali have the opt~on to receive and apply the same on account of the indebted- ness secured hereby or to permit ~a~d MORTGAGORS ro reteive and use it w any Fart thereof for oi+~~r purp.ses, w~~ho~; ~h~r,ui wa~.•i,~~ or ~mpai~• ing a;~y equ~ty, lien ur right under or by virtue af ihis mo:!gage; and in ihe event said MORTGAGORS shall for any reason iail to keep the said premises so insured, or fail to de~iver promptly any of said policies of insurance to said MORTGAGEE, or f;,il prompt(y to pay fuliy any pre~nii,m therefor or in any respect fail to perform, discharge, execute, effect, complete, <omply with and abide by this covenant, or any part hereof, salc~ MGRTGAGEE may plsce a~~d pay for wch inwrance or eny part thereof without waiving or affettiny any optio~, lien, equiry, or right under or by vir9ue of this Mortgage, and tne fulf amount of each and every sv~h peymenr shal! be immediately due snd payable and shall bear interest from tfia date ihereof unti: paid at the rate et nine per cenfum per annu,n and together with svch interest shail be se<ured by the lien of thia mortgage. 4. To peronit, commit or suffer no weste, impairment or dete~iorotion of said property or any par! thereof. 5. To Pey all snd ~insular the costs, cherges and expenses, induding a reasonable altom~y's fee and cotits of abstr,sct~ of title, incurred or paid at any tima by said MCRTGAGEE, because or in the event of thn failure un the pan of the said MORTGAGOR to duiy, promptly and fully perfonn, d~scharge execute, effed, comptete, comply w~th and eb;de by each and every the stipulatlons, agreement5, conditions, and covenants of said p~om~ssory note and thls mortgage any or e~iher, and said coets, charges and expenses, each and every, ahaii be immediately d~e and payabte: wherher or net there be no'+ca da mand, att.mpt to coliect or suit pending; and the ful) amount of each and eycry such payment sh~ll bear imeresf from the date thereof until paid at ihe rate of nine per ccntu~n per annu:n; a~d all said costa, charges and expenses inturred or paid, together ~v~th wch interesi, shall be secured by the fien o6 thia mort9age. b. 7hat (r) in the event oi any breach of thia Mortgage or default on the part of the MORTGAGOk, or (b) in the event any of sa'd sums of money herein referred ro be not promptly and Fully paid wirhin thirty (3Q) days next after the same severa~ly become due and payabl~, without demand or notice, ~r (c) in the e~ent each and every the stipulations, agreements, cond~tions and covenants of sa d promissory note and th~s mortgage any or eithcr a~e ~ot ~ufy, promptly and f~lly performed, d scharg=_d, executed, effected, completed, tampi;ed with and ab~ded Sy, then in either or any xuch event the said ag• gregate sum ment~oned in said promissory n~te ~hen remaining unpaid, with interest accr~ed, and at1 moneys secured hereby, ehall become d~e and pay eble forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and completrly as i( aiI of the sa~d s~ms of money were originally stipulated ro be pe;d on s~cn u..y, .;,:,t~.i^~ ir, s:,id promissory note or in this Mortgage to the conrrary nohvithstanding; and thereupon or thereafter at tfie ops~on of seid MORTGAGEE, w~thout r,otice or demand, suit at law or in equity, thereforo or thereaher begun, may be prosecuted as if ell moneys secured hereby had matured pr~or ro its institution. 7. That in the event rhat at !he beginning ef or at any time pending any suil upon this hlortgage, or to foreclose it, or to refcrm ir, or to enforce payment of any claims hereunder, said MQRTGi+GEE shall ap~ly to the Court having ju~~3d;tt~on Ihereof for the appo~ntment of a Receiver, suth Court shall Forthwith aopofm a rece~ver aF said mortgaged property all and singular, indud~ng ail and aingu~ar the ~ncnme, p~ot~tx, iss~es ar.d revenues trom whatever scurce dar.ved. each ard every of wh~ch, it being expressly undersrood, is hereby morigaged as if spec~f~ca~ly set fo~th and descrlbed in the granf~ng ar,d habendum cfa~ses hereof, ana wch Receiver shell have a!I the broad and effective funct~ons ar:tl powers in aryxise entr~sted by a Co~rt ro a Receiver, and such appoirttment shal~ be made by such Court as an admitied equity and a matter oS absolute r:ght to said MORTGAGEE, and witho~t ~eference to tne edeq~acy or inadeyuacy ef the value of rhe property mortgaged or to the so,vency or inso.vency of said MORTGAGOR or the defendants, and that such ~en?s, prefits, income, issues and revenues sFall be applied by such Receiver accord~ng to ~he Iier~ or equ~ty of aaid MORTGAGEE snd the pracrice of such Court. 8. To du!y, premptiy ar.~ fully perferm, discharge, execute, effect, com,plete, tomply w~th and abida by each and every the sti~,ulationa, agreements, corditior.s and covenanrs ~n sa~d promissory note and Ihis mertgage aet forth. 9. 7hat in the avcnt the owr.ership af the mortgaged prem~ses, or any part thereef, becomes vested in a person other than the MOR7GAGOR, the htORTGAGEE, its successcrs and asaigns, may, without nouce to the MORTGAOR, ciea! witn s~c:-. successor or successor ~n intereat wi!h reference to this n•,origage and tne deot hereby secured in the same manner as with Mortgagor w~tho~t in any way vitiating or discharoing the fJlortgagors' liability here~ under or upon rhe debt hereby secured. No sale of the premis~s hereby martgaged and no foctrarance on the part of the 1r1pR1GAGEE or ifs succ~ssors or ass~gns and no extens;cn of the time for tne paymem of tne debt hereby secured given by the MGRTGAGEE or its successors or ass;gru, s~~all operata to re!ease, d~scharc~e, modify change or affiect the orig~nal liaoilit~• of the MORivAGOR Fareir~, ei!her in whole or in part. 10. ft is speclfically agreed that time is of the esse~ce af th;s contract and tha? no wa~ver of any obl~gatlon hereur,der or of ~he ob!igafion se- c~red hereby shati at any time theceafter be held to be a waiver of the terms h?zeof or of the ins!rumer,t sec~red h~rby. 11. In sdd:;io.~ to the fo~ego:ng month!y payments or ~rir., pa! and ~~+erest requ~red by the prom 5scry no!e secured hereLy, mortgagor tovenan!s ard agrees to pay to mc~tgagee with each month~y payr:ent an add~rional wm esrn'.ated by mo:!gagee to be eq~ai to i i^ o~ ~.~e annual cost of the foliow- in~: A-AII real p.operty taxes levied or assessed ag3i ~st tre above described real estare. B-Prn i.,ns on f~re and w;ndstorm insuracte as herein rcqu~red !o be t2rrird on the im,:rovements s~!~ate or. the ~bove described premises. C--?rerniu:: s on sucVi mortgage guaranty insurar,ce as mortgagee sha!I from t:me to time de?m fit to carry on the loan secured hareby. !:.or,gagne ;ha!I !rcm t~me to t~me noiifr mertgagor ;n wr~t~ng of the amou~t d~e and payab!e hereundar and such su~n shall thereupon be d~e ar.d Fa}ab'e on the du~ ca!e c` the nexr monthly payment and each s~.cessive mon?h thereatter ur.ti: mcrtgagee shall n~t:fy mortgagor of a change in wcn ar,o~~n!. Such SUn'~S SF31I bB app:ied by mortgagce toward the payment a~ ~e~i F~~~e't~~ tox~s, inwrance prem:ums, and martgage yuaranty irsurance prr.:riums. I'~ `.VlTNESS 'JYHEREOF, rne said MORTGAGOR has here~nto set his hand and seal rhe day and year first aforesai~'. d, aled an ' eliver t e resence of: ~ _____(Seil) ~ (Sea I) - - (5ea!) - - - (Seel) STATE QF FLORiDA • COUNTY OF L~.G`~.~_ _ 1 Beicre me personally ap~eared 'jOp1A C• Pad~2]. ~ _ _ end _ Katherine 1+• Paden his wife, to me weli known anci kro~Nn to me to be the ir.dividualx described in and who executed the foregoing instrumertt, and ackr.owledged before me that they executed the aame for the purpasea therein expressed. And the taid_- ~At~1Pi'~Tle L+a padgn wife of the eaid ~ .~Q~ Paden _ upor a separat> and privata e,cam~n~tion by me taken separate and apart ircm her said hu and, acknowledg?d to and befo~e me that sha exawted said instr~ment freeiy ar,d vnlum tar;;y and w,thout eny compu~sion, constraint, apprehena~or~fenr of or from her said husband. WITN~SS my hand and official seal this~~ ' day of JL11,g. A. D. IR~ ~ . 5~-~~ ~ - - Notary Pub!ic in end for the State of florida at targe My Ccmmission expires: Rer~~n 70: ' ~lbtary Pu~i'r, S!ate of F?orida ai La~c;E fi.at Federal Savin s 8 Loan Asaociation kty COmm ss C:i :x,~ r25 NOV. 3, 1955 ~ AND RE~~RpE~ Bonded Ly :~m~r~„~n S~r~:.y ~o. ut t~i. Y. Of "rurt P+erce. ~I Far:!.:PBa~cg~ F(oridd g O O K ' ~ , , 'J+ ( s~~• l j . - ; i, . . - ~~~1 ~ 5 ~iM ~0 : Z~ ; 1 - ' ~ : _~_3'l~?`~~ - ~ • y r - , . . ~ ' ROGE~ f'Gi ~ "rtAS CLERK " ;r , n ~1 , . ~ S7. LUCIE CO~UNTY. ~ . ;;f.,. - FL~RID • ` . . ~~oK ~2z 530 - ~