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To piace and continuously keep on the bui!dinge now or hereaher ~ituste on ssid i~nd ~+d an +~i equiprnant a~d pe~+~~Y ~ov~red by this morfg p~, with aH premiums 1heKeon paid i~ full, fira insurance in the vsual ata~ar~ policy form, in • sum approved by the MORTGAGEE, ~r+d windsto~m insura~t~ in tM u~ual •~andard poiity form, in • sum approved by the MORTGAGEE, in sucF~ tompany or tompamet a~ tF+~ A1dRTGAGEE may dir~ct; ~nd all fin and wir+dstorm in~urance po~~cies on any af taid build~ngs, ~ny inta~aat therein or part thrreof, in the ~qgreqafe wm •for~said or M~xc~ss tMrwf, shall contain the usuai standard morrgagee clause or such other clause sy the Mortgagee may rcqu~r~, makinq tha los~ under s~~d po~~ tiy, tach snd wery, payabla ro t~~d MORTGAGEE et ita interest may appear, snd each and every such policy shall ba prompHy ass qned a~d delivered /o . any h~ld by a~~d MORTGAGfE as furthar security to uid mo~tgage debt, snd, not less 1h+n 1en (10) deys in advance of the eapiration of each policy, to dr ~ivN to ~aid MORTGAGEE a rtnewat thareof, toyerher wirh a reu~pt for the premium of such renewal; and thero ihall bt no fire or windsw~m insurance plaC~d on ~ny of said buildinys, any interest therein w pert thereuf, ~nless in the form and wiih the losa payab~e as aforeseid; and in the event any sum of mon~y besome~ payable under suth policy w poli<ies said MORTGAGEE ~hall have tne option to recs~ve end apply the same on accouro af tha indebted- n~a a~cursd h~r~by or ro pe~mit said MORTGAGORS ro reteive snd uae It or any part Mereof for othrr purpases, wlthout therebr waivi~ig or unpair- Inp +ny pvity, li~n ur right under a by virtus o! this mortga~ye; ~nd in the •veM u~d MORTGAGORS shall for sny ?cason fail to keep !he said premiiei so i~sured, a f•il ro d.l~~r~ prumptly any of seid policies of inzuran~e to seid MORTGAGEE, or fail promptly to pay fully any p~emium therefar or in any rtYp~ct fail to p~rfarm, discharge, ~x~cute, effect, camp~ete, compty with and abide by this tovenant, or any part hereof, ~aid MORTGAGEE may pl~ce and pay fw tuth ir~wronta w any part thareof without waivinq or affectinfl any option, (ien, equity, or riqht under a by virtue of this Mwt9age, and thc tvll amount of each and ev~ry t~th payment sh~ll be immediateiy dw a~d payable and shall bear interest from t1» data thereof until pa~d at the rat~ of nine per esntum par ~nnum and iogether with ~uch i~terest ahal{ Fx secured by the lien oi this mortqsge. 4. 7o p~rmit, commit or sufftr no waste, impairment or deterioretion of said property or any part thereof. 5. To pay all and sinyular thtr costs, charqes and expenxs, includin9 a reasonable attorney's fee end costs of sbstracts of title, incurred or paid at •ny time by said MORTGAGEE, because or in the event of ihe failura on the part of the said MORTGAGOR to duly, promptly end fully perform, di~chargs. executs, effetl, tcmptete, comply with and ab;de by each and every the stipuiaticns, agreements, conditioni, and covenents of said promissory note and thi~ mortyape any o~ either, and uid twri, ch~rges end expenses, cach and every, ~hall be immediarely d~e and payeble; whether or not there be not~ce da mand, ~tiempt to toliect o? tuit pend+ng; and the full amount of each and every such payment sha~I F~ear interes~ from fhe date thereof until paid at the rete of nin~ per centum per an~iurn; and all said costs, charges and expenses irxurred or paid~ IO~CiF1Bf w~th suth inter~st, ~hall be secured by tha lien of this mwt9~s• . 6. That (a) in the event of any breach of this Mortgage or dafault on the pert of the MORTGAGOR, or ~b) in the event any of sa~d sums of maney h~r~in referred to be not promptly and fully paid within thirty (30) days next after the same severally become due snd payable, without demend or notite. o~ (cj tn the event esch and every the stipulationa, agreementa, cond~rions and covenant~ of ~a~d promissory note and th+s mortgage any or cither are no1 luly, promptly ~nd fully performed, discharged, exe<uted, effected, completecl, complied with and abided by, tfien in either or any such event tha said ay~ preyate sum mentioned in said promissory note then remAining unpaid, with inter~st accrued, and a11 moneya secured hereby, ihall become d~e and pay ~ble forthwith, or thereafter, at the option of said MpRTGAGEE, as fully and cornpletely as if all of rhe said surr?f of money were oriqmally stipulated hp bs pnid on such day, anything in said prom:ssory note or in this Mo~tgage to the tontrary notwithstanding; and thereupon or thereafter et the opt~on of ~~id MdRTGAGEE, without notice or demand, suit at law or ir~ equity, thereFore or thereafter begun, may be prosecuted a• if all money~ aecured hereby lud m~tured prior to it: inatitution. 7. That in ths event that at the beginning of or at any time pending eny suit upon this Mortgagt, or to foreclose it, or to reform it, o~ to enfort~ paymtnt of eny tlaims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for tha appointment af a Receiver, s~~ch Gour1 shail Forihwith appoint s re<eiver of sai~ mortgaged property all and singular, inclvd~ng aIl and singular the irtcome, profits, isaues and revenues from whatever tource derived, each and every o wh~ch, it being expressly understood, is hereby mortgaged as if specifically aet forth and described in the g~anting end halxndum tleuses hereof, end such Raceiver ahall have all the broad and effecrive funct~ons and powers in anywise entrusted by a Court to a Receiver, and ~uch appointment shall be made by svch Court as an admitted equity and a matter of absotute r~gM to uid MORTGAGEE, and without referente to the adeq~acy or in~dequacy of the value of the properiy mortgaged or to the so:vency or insolvency of said MOR7GAGOR or the defendants, and thaf such ronts, profiri, income, isaues and reven~es shali be applied by such Receiver according to the lien or equity of said MORTGAGEE ~nd the pract~ce of such Court. 8. To duly, promptiy and fully perform, discharge, execute, effect, complere, compfy with artd abide by each er.d every the stipulations, agreement~, conditiona and covenants in said promissory note and this mortgage aet forth. 9. That in the event the ownership of the mortgaged premisas, or any part the~eof, becomes vested in e person other than ihe MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the NeOA.TGAOR, deal with such successor o~ wccessor ~n interest w~th reference to this mortq~ge and the debt hereby sec~red in the aame manner as wiih Mortgago~ without in any way vitieting or d~scharging the Mortgagon' liability here- under or upan the debt hereby secureo. No sale of the p~em~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successor• or ess~gns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or iti •uctessors or assigns, sliall operate ?o r~tease, distharge, modify change or affect the original liability of the MORTGAGOR herein, eitner in whola or in part. i0. It is specifically egreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obli9ation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secvred herby. 11. In aodrtio:: to the fofego~ng mo~thly paymen!s of princ'pal and interest requ~red by the promissory no!e sccurec~ hereby, mortgagor covenants and egrers to pay to mortgagee with each monthly payrnent an addiiional sum est~mated by morlgagee ta be equal to 1/ 12 of the annual cost of the follow- ing: A-AU real property taxes levied or assassed agai~ist the above desuibed real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts s~tuate on the above d:scribed premises. C-Premiums cn such mortgage guararty ir.surance as mortgagee shall from t mr_ to time deem fit ro tacry on the loan secured hereby. Mortgagee shall from time to t~me notify mortgagor in writing of the amount d~e and payabte hereundar and such surn sha(1 fhereupon be due and payable o~ the due date of the next monihly payment and each successive munth ihereafter until mortgagee shall notify mortgagor of n change in such amount. Such sums shai! be applied by mortgagee toward tF.e payment of real Froperty taxes, insuiance prem;ums, and mortgage guaranty insurance premiums. IN WI7NE55 WHEREOF, the said MORTGAGOR has hereunto set his hand a~d seal the day and year fint aforesaid. ' ned, aled and elivered the sence of: /7/ /~vr"J C , C~~L t ~s~e~) ---l~i-~ ~Z,Z_CG~~= - (Seal) (Saely {$eal) STATE OF FLORIDA ~ Saint T_•ucie u~ cour~rr oF Before me personally appearcd C~ W al t~r a and l~QQA Walters his wife, to me well known and known to me to be the lndividuals described in and who executed the foregoing instrument, and acknowledged before me fhat they executed the same for the purposes ~fierein expressed. And the taid_. AllieQB tArs wife of the taid _ G. W~~-~'QY'$- _ upon a sepa~ate and privete examination by me taken separate and apart irom her aaid hus and, acknowledged !o end before me that she executed said ir.strument tree{y and volun- tsrily and without any compu!sion, constraint, apprehension f~ar of or from her said husband. WITNE55 my hand and officiel sea! this_ 9 day of ~CtOt1EjP A. D. 19~ ~ o ~ _ _ _ Notary Public in end for the State of Florida at Large ~~~~K My Comm~siion expire~yp;~ry pub~ic, State of F!or;~a at Lt~rpn Retum To: My COmrn ss cn E:t;:.r;;s ~iov. 3, 19fi~ First Federsl Savings 3 Loan As:ociat" B~naCd by Ami;ri~an s;~~gty:;;~;,tii yyr_ K ~ .>i ~ ~ ~t Of Fort Plerce. ,4,g' • S~ rt(1(~~~~ ~ . Fort Pierce, Florida ~ • ' ~y a.••'•e••,,• ~ ~ . A.~` ~ • ~r~ ~ \ • "!IJf/~,~ ~ ` ` f~~ _ _`~r~i 'S~Zr.t/)~,•'G • ,~~<<r'. ~ (~l~ ~ . ~ G~~~~, , ~ ~ ~ c-~ ' S~ : s l V ~ . 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