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To pisc• and continuovsly kaep on the bui'dings now or hereeFter ~itvate on sa~d land and on all equipment and penanally covered by thia mortg- ~g~, with •I) Earemium~ thereon pa~d in full, fira insurance in Ihe usual standard policy form, in a s~m epproved by the MOR(GAGEE, and windarorm inaurence in tha usual uarxla~d ~+o~~cy form, in a sum approved by tke" MORTGAGE~, in such company or tompanies as tha MORTGAGEE may dir~c~; and all firo end windatorm insur~nce po~~cies on any of said bu7~dcngi, ~ny interest therein or pert th-reo(, in the +gg~egate tum ~f~resaid or M~ztess thereof, shall contain the ~sual standard mortgagee clause w such other cl~use af th~ AAortgayee may requ~rs, m~kinq the loss ~nder •a~d poli- ti~s, each and avery, payable ro a~id MORTGAGEE as its iniereat may appsar, and each a~d every such pol~cy shal~ t~e promptly sss gnrd and delivered to any held by aaid MOkTGAGEE as furthe~ security to said mortqa9e deb~, and, not less than ten (10) daya in advance oi the expiration of each po~icy, to de- liwr to s~id MORTGAGEE a ~enewal thareaf, toge~h~r with s raceipt for the premi~m of iuch renewal; and ihere si,all be no f~re or wlndsiorm insurance plsced on sny of said buildinqs, any interesf therein w part thereof, unless in the form and with th~ loss payable as eforesaid; and in the event any sum ot money bacomei payable under such policy or pel~cies said MORTGAGEF shall have rhe opt~on to receive and anpty the same on account of the indebted- ness sewred hareby or ro permit sa~d MORTGAGdRS to rtceive and use it or any pvrt thereof for o;h:~r pur~±oses, w;~ho.,t ~h-~~u; .v:~vi,~ cr ~~„pol-- irg sny equ~ty, lien or rigM under or by virtue of thia mortgage; and in the evr~t fa~d MORTGAGORS shaq for any reaso~ fail to keep the sa~d prem~sc•s so insured, or fail to deliver promptly a~y of said po~ieies of inwrante to said MORiGAGEE, or fail promp~ly to pay f~11y any premium therefor or i~ a~y • respect fail fo perfwm, discharge, earcute, effect, comp~ete, romply with and abide by this tovenant, or any part hereoi, said MORTGAGEE may piate a~.d pay for tuch insurance or any p~rt thereaf w~thout waiving u affecii~g any option, lien, equity, ar righl under or by virtue of this Mortga9e, and tht full amount of each and a~*ry auth paymeM ahall be imrtudiately due and payable and shall bear intere~t frt.,~ :tie da!e lhereoF unril paid at the rate oi nina par cenrum per ~nnum and to~ether with such interest ahall be szcured by fhe lien of thi~ mortqage. 1, To permit, tommit w suffer no wasfe, impairment or deterarstion of said property or any part the~eof. S. To pay ell and ainqular the costs, charges and ezpenus, including a reasonable ettomey's `•e an; co•~- of abstracts of title, incurred or pald at any fime by said MORTGAGEE, betause or in the event of the failure on the pan of the said MORTGPGUR to duly, promptly and fully perform, ~~echerge. exec~te, effect, complete, comply with and ab;de 6y each and every the stipuletions, agreements, tor.litions, and covenants of said promissory note and th~s mortgage any or either, and sa~d costa, charges and expen~es, each and eve!y, shall be immediately due d payable; Nhether or not th~re be noticz d~ mand, attempt to toltect or suit pentling; and the full amount of each and every such p~yment shail bra~ rerest from the date thereof until paid at tf~e rate of nine per centum per annum; and all said costs, charges a~d expenses incurred or paid, togeth~r w~t wch interest, shall be setured by the Gen o! th~s mort9efle. 6. Yhat (e) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of seid=s~mi of mon:y htrein referred ro be not promptly and fully paid within thirty (30) days neai after the same sevara:fy become due and payabfe, w~tho~t demand or norice, or (c) in the event eath and every the stipulations, agreements, conditions and tovenants of sa;d promissory note ond thls mortgage any or either are nol ~uly, promptly and fully performed, discharged, exec~ted, effected, comp~eted, tomplied with and abided tiy, then in either or any such event tFe said ag- pregate sum mentioned in said promissory note then remaining unpaid, with inte~est accrued, and aIl moneys secured hereby, aha!I become due ar.~ pay sble forthwith, or thereafter, at the option of said MORTGAGEE, as fully an[! cor.~plerely rc :f al! of the said sums of money were orlginally st~p~lated to be paid on such day, anything in sald promissory note or in this Mortga7e to the tontrary notwithstand~ng; and thereupon or thereafter at rhe op~~on of said MClRTGAGEE, ~vithout notice ~,r demand, sui! at law or in equity, therefore or thereafter begun, may be prosec~t•=d as if all moneys secured hereb~ had matured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any suif upon this IJ~ortgage, or to foreclose it, or to reform it, or to enforce peyment of any tlaims he~eunder, said MUR7GAGEE sha!I epply to the Court having jurisd:ciion thereof for the appoinhnent of a Receiver, such Covrt shail forthwith appoint a receivt~ of said mortgaged property all and singu,ar, includ~ng all and singula~ the income, proi~ts, issues and revenues from whatever source derived, each and every of whlch, it being expreasly undersrood, is hereby mortgaged as if spec~fica!!y set forth and described in the granting and habendum clauses hereafi, and such Receiver shall have all the broad and effect;ve funct~ons ar,d powera in anyw~se entrusted by a Court to a Receiver, and such appointment sha~i be made by such Co~rt as an admifted equity and a matrer cf absolute right to said MORTGAGEE, and wirho~r reFerence to the edequacy or inadequacy o4 the value of the property mortgaged or to rhe sowency or insolvency of aaid MORTGAGOR or the defenda~ts, and that such rents, profi!s, income, issues and revenues shall be applied by such Receiver accord~ng to rhe lien or equity of said MORTGAGEE and the pracrice of such Court. 4. To duly, prempt!y and fully perform, ~ischarge, execute, effect. COn1pIC1E, comply w~th and abide by each and every the stipulations, agreements, conditiona and covenants in sa~d promissory note and this mort~ge set forth. 9. That in the event rhe ow~nership of the mortgaged premises, or any part thereof, hecomes vested in a person other than the MORTGAGOR, the MORTGAGEE, '+s successors and assigns, may, without noTice ta the MORTGAOR, deal with such succ?ssor or a~ecessar in interest with reference to this mo~tgage and the debt hereby secuced in the same manner as with Mortgagor wi;hout ~n any way vit:ating or d~scharging the Morrgagors' liabil;ty her~ under or upon the deht hereby secured. No sale of the premises hereby mortgaged and no forbearance on the p=rt of ihe IAORTGAGEE or its svcceasors or assigns and no eztension of the time for the paymem of the debt hereby secured given by the MORTGAGEE or its successors or as:~gns, ahall operate to release, discharge, modify change or aifect the originof liabil:ty of the MORTGAGOR here~n, either in whole or in part. i0. It is speufically agreed that time is of the essen~e of this contract and that no waiver of any obl~gar~on hereunder or of the obligation se- t~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumenl secured herby. I 1. In add:tio~ to the forego:ng monthly paym~MS of princ pai and interest required by the prom'ssory no!e secured hereb/, mortgagor ccvenanis and agrees to pay to mo:tgagee with each rronthly payrnent an add~iional sum esrirtiared by mortgagee ta be equal to 1; 12 of the annual cost of the follow- . ing: A-Ali real properry taxas levied or assessed ay3l~st thc above descrihed real esrate. . B-Premi~ms o~ fire and wirdsto~m insurance as nerein reav~red ro be carried en the ~rnprovemeots situate on the abevc dzscrlb~d premises. C-Premiums on sucn mortgage guaranty insurar~ce as mortgayee shall from l:me to time deem fit !o carry on tne loan secured hereby. Mortgagee sha!I '.rom time ro tirne nor~fy mortyager ~n writ~ng of the amou~t due and payabte hereunder and such suv, sh3~l tnereupon be due and payzble on tne d~e da!e of the r.ext month;y payment and zach suttessive month thereaft~r uatil mortgagee shaii nc!ify mertgagor of a change in suth amovnh. Such sums si.ail be app!ied by mortgagee toward the payment of real propeny taxes, insurance prem~ums, and nwrigage guaranty insurance premiums. IN WITNf~S `NHEREOf, the said MORTGA ~OR has here~n?o set his hand and seal the day and ye first ~foresaid. Sig d, Seal r,d d I' ered in the sence of: ~ r (Seaq ' __(5ea1) ~ (Seal) _ iSeap STAiE OF FLOR!DA COUN7Y OF S~ t Lucie j ~ Before me personallv appcare~ LZOVC~ T8~7I.OZ' _ end ~ C lotilde F. Ta~lor his wife, ta me well knowri and known to me to be ihe individuala described in and who executed the foregoing instrurt~ent, and acknowledged before mc that they executed the same for ttie ~urposes fherein expressed. And the said C+ ~O 1 a~ F. T a y 10 2' wife of rhr, said Llovd Taylar _ u~cn a separate and privata examination by me taken serarate and apart from her said husband, ackncwledged to ond before me thai 3f1C exer~ted said insrrument freely and volun- tarily and w~tho~t any corrpulsion, constraint, ap~rehansion or fear of or from her aaid husband. Y,IITNESS my hand ~nd official teal this 3~ day c` Se~tember , A. D. ',9 ~ ~!SG~~_ otary Public in and for (~}~ta e~o~~orida a~ Large My Commission expires:.~ , Return To: ~ r,~,.~_ r._ t- L. First F~dO(il:5avfnq~ a~oan n~d~Esb~ AND RECORQ~D r;~ ..r ~s. i5~j Vf~ fO;t P~erce. (y i. , i_ Oi i,. Y. , ~ BOOK - ~ Fort. Prtrce,~'flnrida , _ ' ' ' ~ - , CAG.~~i~ ~ - - : ~ . - , ~ . ~ 65 EP 7 PM 3 : 3 7 ~ . , , . , ' - ~ ~ ~ _ r ! ~'-r . , • ~ ' ' _ ROGER F~t i RAS. C~ERK • - ' ~ ~ _ 57. ~UCIE COUNTY, ~ ~ FLARIDA ~ . ~ :ti - . , . , 60UK . . ' i ~ ~ ` . ~ ~ - - - - - ~