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To plac~ •nd continuously ktep on tl~e buildingi now a hereafter ~ituste on said ~and and on ~II equipm~nt ~nd pena+ally cover~d by thi~ mo~t~. eg~, with all premi~rrR ~hercon psid in fuil, (ire insura~ce in the usual s+ar+dard policy form, ~ a sum approved by the MORTGAGEE, and windtto~m insuranc~ in ~h~ usual tta~dard pol~q fam, in ~ svm app~oved by tAe MORTGAGEE; in suth tompany or tompanies ~s tM MORTGAGEE may dirKtj ~n~ ~II fir~ and windsto~m insursnce pol~cies on any of iaid buiW~ngs, ~ny ini~re~? therein w part ther~of, in tM +~rc9at~ wm a(oreiaid w in ~xteu lhereof, thall contai~ the us~al standard matga9e~ tlauss or such other clause a: tM Mortyagee may reqv+~s, making tM lou ur~da uid poli~ cin, ~ach and ev~ry, payabls ~o said MORTCaAGEE as its inte~e~t msy ~ppaar, snd esch and every ~uch polity ~hall be p?omptly ass:y~ed a~d delive~ed ~o any held by ~aid MORIGAGEE ss furthe? security fo said mortpaye debt, ~nd, not less than ten (10) days in advarxe of the expiration oF esch policy, to d~- liv~r lo ssid MORTGAGEE a renewal thereof, to~ether with a rece~pt fa ths premium oi such renewal; and there shall be ~o f~re w winds~o~m insurse+ce pl~ad o~ ~ny of said buildinp~, any interest therein p part thercof, uoleu in the fwrti and with the loss psyable as ~fuesaid; and in the event any ium of mon~y becomes payablo un~la ivch policy o~ policies said MORTGAGEE ~hall haw ths option ro receive ared apply the s+me on accoun~ oj the indebted- ne~~ Hcv?~d I~e~sby w ro permit ssid MORIGAGORS to receive and uf~ it a any pa~t fhereof fa othc~ purposes, wi~hout the~eb~ waivi~,g a impair- ing any p~ity, lie~ w ight u~der or by virtue of this mort~syes sod in the avent said MORTGAGORS shall fa any r~asw~ fail to keep the said premtaci so iniured, w fail to deliver promptly sny of said policies of insunnce to ssid MORTGAGEE, w fail promptly to pay fylly any premium therefa w in any respect fsil to p~riorm, discha~ge, execute, effed, complete, camply wi~h ~n.~ abids by th~s covenant, a any part hereof, ssid MORTGAGEE may pl~ce ar~d pay fa tuch inturance w ~ny part thereof without walviny a ai(ecrinp ~ny optia~, lien, eqvity, o~ right vnder a by virtw oI this Mafgaye, a~d the ful! ~movnt of each ~r+d every tirch payment shall be immediately dw +nd payabl~ and thall beu interest from ths dat~ thereof until paid M tM rat~ oi nine per centum per annum and toge~her with tuch interest shall be secured by the fien of this mat9~ye. 1. To permil, oo~mmit or suffer no waste, impairmeM w deterioration of s~id propcrty p~ny parf thereof, 5. To pay atl ~nd unyul~r ~he.cosn, cMryes and eapenses, including a reasonable ananey i fee and costs of abstrarn of tide, incvrred w paid a~ eny time by said MORTGAGEE, becavs! a in Ihe event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pcrform, d~scharge. execute, effed, comptete, comply with and abide by each ~nd every the sYipularions, sgreements, conditions, and eovcnanrs of wid promissory nots snd this mortgaye any p ei~her, and said coata, tMrges snd expentes, each and every, shall be immediately due and payable; whether or not there be notice dc mand, sttempl to collect or tuit pending; and Ihe full amount of esch and every such paymeM ihall bear ;nterest from tht date Ihereof until p~id +1 Ihe rare of nine per centum per an„um; and all said c6sts, cha~ges and expenses irrcuraed w pai~, together with iuch interest, shall be secured by the lien of thu mortyaye. A. TMt i~ the event of sny breath of this Mortgage o? defautt on the part of the MORTGAGOR, a(b) in fhe event ~ny of sa~d sums of money herein ~efe?red to be nol promptly and futly paid withi~ IAirty (30) days r+exr aiter the same sev~ially become dve and payable, withou~ demand w notice, or in tl+e evMt each and every the stipulations, agreemeMS, conditions and coven~nts of ss~d promiuory note and th~s mortgape any p eitl+cr sre no1 iuly, prompHy snd tully p~rfamed, d~uharged, executed, eff~cted, completed, complied with a~d ab~ded by, then in either w any such event the said ag- ~reqata s;im menrioned in sa+d p~omiswry note then ~emaining unpaid, with interest accrued, and all mo~eys sccured Fxreby, shall become dw and pay- able fwthwith, w thereafta, at the optioo of said MORTGAGEE, as fully and completely as if all of the said wms of moaey wcre aiginally itipulated ro be paid on such day, anything in sa~d promtssory oote w in this JNortgage to the contra.y norw;ths~anding; and thereupon or thcreafter at the opt~on of said MORIGAGEE, without notice or demand, suit at law w in equity, the~efwe a tlxreafter begun, may be proucuted as if all moneys secured hereby had matured prwr to its instetution. 7. That in the event that at the beg;nn;ng of or st any time pending soy suit upan this Morrgage, or to faeclose I?, w to refwm it, o? to enforce psyment of any claims he?eunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereoF fw ~he appo~ntment of ~ Receiver, such Court shall fortFiwith appoint a receiver of said mwtgaged property all and singular, includ~ng all and singular Ihe income, profits, issues and revenves from whatever source derived, exh and every of wh~th, it being expresaly unders~ood, is Fxreby mortgaged as if spetifically set fwth and destribed in the grsnting and habendum clauses Ixreof, and such Receiver ahall have al! tF~e broad and eifective funct~ons and powera in anyw~se entrusted by • Court to a Receiver, and tuch appoiMment shall be made by such Court as an admitted equity and a matter of absolvte rigAf to said MORTGAGEE, snd withou~ reference to the adequacy q inadequ+cy of the value of the prope~ty mongaged o~ to the so~vency or insot~ency of said MORTGAGOR a the defendants, and ?har such renrs, profiri, income, issves and revenuei shall be applied by suth Receiver according to the lien or equity of wid MOt2iGAGfE and the prattite of suth Gourt. & To duff, pranptly snd fully perform, d~uharge, execute, eifect, complete, tomply with and abide by e+ch and every the stipu(ations, sgreement~, conditions s~d covenants ~n said promisso?y note and this mortgage set fwth_ 9. That in the event the ownership of the mongaged prem;sa, w any part thereof, becomes vested in s psrson other than the MORTGAGOR, the MORTGAGEE, its successas and ass~gns, may, without notice to the MORTGAOR, deal with such succeuw a successor in interes~ with reference to this mo+tgage and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating w dixharging the AAortgagors' liability here- under or upon the debt hereby ucured. No sale of the Fremises haeby mortgaged and no forbearsnce on the part of the MORTGAGEE w its successo~s or asa+gns and no exten:ion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its svccessors or auigns, shall operate ro releau, diathsrge, modify change or aifect the original liability of the MORiGAGOQ F+erei~, either in whote ot in part. 10. It is spec~ficalty agreed that ~;me is of the esunce of this contract and that no waiver of any obl;gation he~evnder or of the obligation se- cvred hereby ahall st any time thereafter be held to be a waiver of the ferms hereof w of the instr~ment secured he~by. 11. In add~tion to the forego:ng monthly payments of princ'pDl and interest required by the promissory note secured hereby, mwtgagor covenants and agrees to pay to mortgagee with each momhly payment an add~rionat sum esrimated by mortgagee to be eqval to i/t2 of the annual cost oi the follow- ing: A-All real property taxes levied w assessed against thc above described real estate. B-Premivms on fire and windstorm insvrance as herein requ~red to be car~ied o~ the imptovements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgaqee shall from Nme to time deem fit to carry on the loan sec~red hereby. Mortgagee shall t~om time to time notify morrgagor ;n wr;t~rg of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagor o4 a change in such amount. Such sums sF.all be applied by mortgagee toward fhe payment of real property ta:es, insurance prem:ums, and morTgage gvaranty insurance premiums. IN WITNESS WHEREQF, the said ORTCaAGOR has herevnto ut his hand and seal the day and year first aforesaid. ~~Si ed, led snd_ ~e~ered " he r e of: ~ • ~ a!~ C~ ~ (seap (~+q (Seaq SiATE OF FIORIDA ~ couNn oF St. Lucie ~ eefue me personally appeared FdW3rd D R. i~ a~ CArrie RP,i ti his wife, to me well Rnown and known to me ro be the ind;vidwls described in snd who executed the foregang instrumeot, and acknowledged befwe me that they executed the same for the purposes therein expressed. And the sa~d_ 8T2~i RF•i rl wife o} the uid - FCjWBT('j D RPi r1 upon a separate and priv~te examinatwn by me taken separate and apart from her said husba , acknowledged to and before me that sF?e executed said instrument freely and volurr tarily and w;thout ~r~y corrpuls'an, constraint, apprehension, r of ot from ?~er said husband. WITNESS my hand and official seal this day of A D. 19_SL~ . i Notary Public in and fw the State of Ftorida at large My Commisian expires: Return To: F~nt Federal Sevings 3~oa~ nuouaro~ FILEO AI~D RECORDEO~ No:ary PuS;ic, State ~f Fforida ~t !argE ST. LUCIE COU~:TY. FLA. My Commission Expires Nor. 3, 14b9 Of Fort PierCl. 3ond+d ! Ams:.csi Fue 6 G~uaity Co., fort Pierce, Florida ~ ~ ~ ~ ~ f- i~ / Y 164f 84 ~ < - : This insfrur;e,~t ~-;;p~ '68 FEB 26 AM 10 : 5y ~ { First Federal Sav. ~ Z.,, ~ ' ~ ~ . - of Fo ~a A~~n. _ , . . - - t Pierce c.;~ , .=ut ; F~: ~Y ~ CL~'RK C1RCU17 COURT ` - • ~'•......t,. . ' ~ - 'J . 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