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Yo plec~ ~nd continuously ke~p on the b~i!dinc~s now or hereaftar s~tu~ts cx+ sa~d Isnd a~d on all equipmeeN ~r~d pKao?~s~~y cawr~d by thi~ mart~ p~, with ~II pr~miums thereo~ p~id ~n full, fre insurencz ~n thr usuel standard pol~cy fam, in a svm epprov~d by tht MOR~GAGEf, •ad wiadf~orrn k~sur~nce the uwel ~~andard poticy fwm, in e sum approved by the MORTGA(iEE, 1~ iucF~ tempany or tompaniea as H» MORTGAGfE m~y - dhett; •nd sll fire and w~ndstorm ineurance policies on any of ea+d buildfcya, any interest therein or part thereof, in tM ~qqng+Ta wm ~fo~~wid or M txeess Mareof, ehal{ contaFn the uaual standard morrgagee cleuae a sueh orher c~aute es 1h• Mortgag~e rt++y rac~u~~~, makir+q rhe 4wi under ~a~d pod* cies, each •nd every, payabfe to s~+d MORTGAGEE a~ its interest may eppear, and each and every avch policy shell be promptly a~s:gmed ~nd daliwnd ro any h~ld by ie~d MORTGAGEE a~ further se<urity to ~aid mortgage debt, and, not lese than ten (101 deys in advance of the expiretion of each policy, to dr- (iver to ieio MORTGAGEE a reneu~~~l thereof, toflether w~rh a rece~pt for fhe pre~nium of such renawa~; and Ihera shal! be no fire or windsro~m insursnce pl~ted on any of said build~r.gs, any interest there~n or part thereoF, ~nless in the foim and with tht loss payabte as aforesaid; a~d in the event any sum Of money becornes payable under euch poli<y or poiic'ies said MORTGAGEE shi!I have the opt{an to receive and apply the wme on accoum of the i~debted- nass a~ewed hareby or ro perm~t said MORTGAGORS to rcceive and use it a any pa+t Mereof fo+ or`~cr pv~pcses, ~•i~hout tha.eb~ ~.aw~n3 ~mpe~.• iny iny equ~ty, lien or righl under or by vinue of this mo:tgage; and in the event said MORTGAGORS sha~l for any rcason fail to keep the said prcmises ao Insured, or fail to deliver promplly any of said policies of inwrance to said MORTGAGEE, w fail promptly to pay fufly any premium therefor or in anY respect fail to perform, d~scharge, execute, effect, complete, cemp!y w+rh and abide by thit tovenant, or any part hereof, said MGRTGAGEE may place ar.d pay for such inw~anse or my part therQOf wiihout waiving or affectiny any option, lien, equ~ty, or right under or by virtue of this Mortyaye, nnd the full smount of ~ath and evt~y such paymant shall ba immed;ately due and payable and shall beer interes~ from th~ date thereof until paid at !he rate of nine per ceMum per ar~num and to~ether .nith iuch interest shali be sewred by the ~ien of this morl8aga. • To p~rmit, commit oc suffer no waste, impairment or deterioration of said property or any part the~eof. 5. To pey all and iingular rhe costs, charges end expenses, i~cluding a reesonable at+orney's fee end coata of abtlracts af title, incurred or paid at eny time by said MQR?GAGEE, beteuse or in fhe event of the failure o~ the pert of the said MORTGACsOR to duly, promptly and fully perform, discharge, txecute, effect, complete, comply w~th and eb:de by each and every tha stipulations, agreements, conditions, and covenants ef said promissory note and th~s mortqage any or e~ther, and said cosrs, <harges and expenses, each and every, ehall be immediately due and payable; whether or not there be ~~ot~ce dr mand, attempt to collett or wil pend~ng; and the ful! amount of each and every wch payment shall tra~ interest from the date thereof until paid at the rote of nine per centum par annurn; and all said costs, charges and expenses irxurred or paid, together with such interest, •hall be tecured by the lie~ of thi~ mortya9e. S. That (a) in the event of any breach of this Mortgage or deFault on rhe part of the MORiGAGOR, or (b) in the event eny of sa;d sums of money heroin referred to be not promptly and fully paid wi:hin th~rty (30) days r.ext after the same several:y become due and payable, without demand or natice, or (t) in the event each and every the stipui;tions, egreements, condir~ons and covenants of sa,d promissary no!e and th~e mortgage any o~ eithe~ are noi ~~ly, pramptly and fully performed, d~scharged, executed, effetled, completed, compliea w+th end abided 5y, then in either or any such event rhe sald aq I pregate sum mentioned in saio promissory note then remaining unpaid, with in±erest accrued, and all moneys sewred hereby, •hall become d~e and pay sbls forthwith, or rhereafter, at the opt~on of said MORTGAGEE, as fully and comple7ely as ii all of tt~e said sums of money were o~iy~inally stipu!ated fo be pa~d on such day, anythiny in sa,d promissory note or in ?his Mortgage to the contrary notwithstanding; and thereupon or thereafter at tha opt~en of teid MORTGAGEE, without notice or demand, suit at !aw or in equity, therefore or thereaher begun, may be proiecuted as if ei~ moneyx setured hertby hed matured pnor to ns institution. 7. That in the event thai at the beginninq of or at any time pending any 3uit upon this Mortgagc, or to foreclose it, or To reform it, or to enforce payment of a~y claims hereunder, said h10RTGAGEE sha!t apply to the Gourt having jurisd:ction thereof for the appointment of a Rece~ver, ~uch Co~rt ihail farthwith appoint a receiver of sai~! mortgaged property all and sinq~lar,- ~nc!::d. ;y aIi ana s~ngular she income, profits, issues and reven~es from whate~er iour^,e derived, each and every of wh;cn, it being expreuly unders+ood, is hereby mortgaged as if spec~iita!ly set forth and described in the prenring and , habendum clauses hereof, and such Receiver shall have all the brcad and effective funcro~;s and powers in anywise entrusted by a Court tq a Recaiver, and ` wth appointment shall be made by such Court as an adritted equity and a matrar of absolute right to said MORTGAGEE, and withcut referente to the ~ adequacy or inadequacy of the value of the property mortgaged or to the so~vency or insoivency of said MORiGAGOR or the defendanta, and fhei s~ch ( rents, profits, income, iswes and rever.ues shall be applied by such Receiver according to the tien or equity of sa;d MORTGAGEE and the practice of such Court. 8. 7o duly, promp!ly and fully perform, discharge, execute, effect, complete, comply with and a6ide by each a~d every the stipulations, agreemant:, conditiens and covenants in sa~d promissory note and th~s mortyage szt forth. 9. That in the evant the ownership of the rnortgaged premises, or any part !hereof, becomes vested in a perwn other tfian the MORTGAGOR, the MORTGAGEE, its successors ard assigns, may, witho~t ~oticE to the MORTGApR, deal with such succeasor or wccessor in interest with reference to ihis mortgage and the debt hereby secured in the same manner as with Mertgagor vvEthout in any way yitEating or d~stharqfng the Mortgagors' Iiability here- ~rder or uaon ?he debt hereby secured. No sa!e of the premises hereby ~nortgaged ar.d no fo~bearance on the part of the MORTGAGEE cr its svcc>ssors or assigns and no extensien of the time f~r tho paymant of the debf hereby secured given by the MORTGAGEE or its successore or ass:gns, ai~etl operate to release, discharge, modify changa or aftett the orig~nal Ifau~iity of the MORTGAGOR herein, either in vrhole or in part. 10. It is spec~fically agieed tha~ time is of the essence of this contract and that no v~aiver of any okaligation hereunde. or of tha ob{igation ar cured hereby sha!I a~ any time therea4!er ba held to be a waiver of the terms hereof or of the instrurnent secured herby. t• ~ 11. In ~dd !ion to the foregc'r,g momh!y payme:~ts of print pal and inreresr reauired by the prom ssory nwe sccured hereby, mortga~ar covenants and agrees ro pay to mortgagee w~th each ~Yeonth!y payn:enr an add~ional ~!~~n es:i~~argd b~ ~mortgagee to be eq~ai to 1/ 12 n( t6e annual cos! of the foEiow- ing: A-All real property taxzs le•r'ed or assessed agai•~s! the a6ove desr.ibed rea! esrate. 8-Prer+•~iu-ns on fire and windstorm insur+nce as ~are:n requ;red to be carr~ed on the ~mprovemente situate on tne above described prem~ses. C-Prerr+lums on s:ch mortgage guaranty insurar.ce as mertgayee shail from t'me to ti~re deem fit to carry on the loan secur~d hereby. Mortgagee shall from tl-r~e to riT,e norify mcrtgagcr ~n writ~ng of the amo~~t d~e and payable here~nder and such sum sha~~ ther<upon be due a~id payable on the due date of ~he next month!y payn~:ent aed each successive month thereafter ur.til mortgagee shall notify mortgagor oi a char.ge in sv:n amouni. Such sums s6a;l F~e applied 'by mortgagee tohard 1Fe payment of real property taxes, insurante p~em;ums, and mortgege guaranty insurar,ce premiuma. IN WITNESS 'd~ ERE e said MCRTGAGCR as hereunto set his hand and aeal the day and irs aforesa' . ~ i , Seal a li in the presence {Seel) i (Sea!? ' (Sea~) (Seel) STATE OF f~URIDA ~ . 55. COUNTY OF fl 7_ I'lt T,1~ ~P _ I 8efore ma personally appeared nt~ ° ~'m ~ th and n,,; T C,,,i 1-l~ his wife, to me well known and knoNn to me to be the individuals described in and who executed the foregoing instr~ment, and acknowledged befere me that they executed the same {or the purpones fherein exprested. And the saicl_ ~ n'~' ~ m i~~ ~ wife of the aaid - t~ t i 4 ~'r + .~~'T?!? t'~'1 - - upon a separote ar.d private examina*.iun by me taken separate and apart from her said husband, ecknowledged to and before me that she executed said ins!r~ment freely and votun- tarily and without any coMpuiaion, constraint, appiehenslon, or fear of or from her :aid husband. i WI7NE55 my;hend snd offic#al seal this____-_~Q_~ day of ~Tn!t ~E-'T' , A. D. 19 2~- . . . , , i, " ciary Publ+c in and for the at nf florida at Lerge y Commission expires: ' ~~aetum.To: ~~~~p.AN~l RE~~RDED First Fad~rat 5avingt~ 3 Loan Association~ r'~ j R Q O f( h}p{ary ~tt. gtata of florida at L~rQ! " dfLfort P~erce. Il~jl COn1T)SZion Exp~es .~iert. ~2, t~~ . ' . 'Fort Pier~,~_tloiida- ~ ' Bwd~O fr A,ewecc~~ llw 6 C+twdhi Co: . . ~ - , . ~ ~ ~ '65 ~~OV I 2 PM 3 : 37 ~ . . . t ~ ~ , ~ . - . . ROGE"r< <~~,~i"~~;aS. CLERK ~ ~ Si. LUCIE COUN i Y, . FLOR;DA . ~~RK1~0 485 . ~ _ _