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To plac~ and continuowly kt~p on the buildingi now w hsreafter situate on sud Iand and ao a!1 eqvipmsnf ~nd p~rson~lly cov~r~d by this mat¢ sg~, wi~A ~II premi~mA thereon pa~d in (ull. fire insurance in the usual standard poliq form, ~n a sun~ app~oved by the MORiGAGEE. ~nd winditwin in~uraoc~ in 1M usw) ttandard pol~q fam, In • sum spprovtd by the MORTGAGEE, in i~ch company a companies u tlw MORTGAGEE may d~rectt ~nd atl fin and windstorm insurance policies on any of said buildin~s, any interesl fherein o? part thereoi, in tha agyregste ium afor~said w in ~zcea ~her~of, thail conuin the v~v+l ~tandard ma~gsyee ciause w iuch other clause a 1M Matya9ee may requ~~~. makinp ths loi~ unde~ ss~d poti- cies, esch and every, payabts to ia~d MORTGAGEE ~i i» intcrest may ~ppNr, and aach and eve?y avch pol;cy shalt b~ promptly ~~s:9ned ~nd delivered to any held by ~aid MORTGAGEE ~s furlha security to iaid morty~ge debt, and, not leu tMn ten (10) days in advance of tM expir~t~on ot each policy, ro d~- livsr to ~id MORTGAGEE a re~ewal thc~eof, to9ethe~ with a receipt fw the premium ot ~uch renewah and thert shall b~ no fir~ or wind~tam Insurance pland on any of said buildireps, any Jnterest therein a p~rt thereof, unles~ in tFK farm'~~d with tM lou payable as sfae~aid; and in tM event a~y ium ~ of mon~y becom~s payable unde~ such policy a policies said MORiGAGEE shall Mw tM optan ro receive and apply tM sam~ on accoum o~ the t~debted- ; nsu secvrad her~by a ro peimit said MOQiGAGORS ro receive and use it o~ any psrt fhereoi for o~her purposes, wi~hout thr~eb~ waiving or impai.- j ing any puity, lien or right undea w by virtus of this morlg~ge; and in tM event said MORTGAGORS shall fw ~ny teason fai! to keep the said premises so ~ insured, o~ f~il ?o dtlive? promptly ~ny of said policie~ of insunnts to said MORTGAGEE, or faii promptly to pay fvlly any premeum tl~erefw a in any ~ reip~ct fail ro perfarny disthuge, e:etute, ~ffett, complete, comply with ~~d abide by this covenant, or ~ny pert Aereof, said MORTGAGEE may plsce ~nd pay for tuch tni~rancs w ~ny put tMroof without wahin~ or affectinp ~~y option, lisn, eq~ity, w right under or by vlrtw of this Mwtyaps, and ~he fult amo~nt of e+ch and evtry such payment thalt be immedeately dw and pyabls and sA~ll b~ar intereat from ths d~t~ thereof until paid a1 the ~at~ 01 } niM per centum pa annum u~d togethcr with such iroerest shatl be secured by the 1'~ee~of this mo?t9~ye. ~ 1. To permlt, tomn?it or ~uffar no wast~, impairment a deteriwation oi said property w~ny pat thereof. S. To pay ~II and tinyvlar tha.costs, cMrges snd expenses, includir~y ~ reasa+able +nwney s fes a~d cosn of sbttractt of titte, incurred w paid at ~ any time by said MORTGAGEE, because u in ths cvent of the failure on the pirt of the said MORTGAGOR to duly, promptly and fully perform, d~scha.qG e:ecute, effett, complete, comply with and ab~de by esch and every the stipulations, agreemenb, tp~ditions, snd covenann oi said promiswry nots and thw mortgage any w eitha~, snd sa~d cosq, charges and expentei, each and avery, sMl1 be immediately d~?e and payable: whethe? w not there be notice d~ ~ mand, anempt to tollect or s~it pending; and the full ~mount of each snd every svch payment shall bear interest f~om 1he date thereof until paid at the rate o~ nine per antum per annum; and all said tbsts, charges and expenses incurred w paid, together with such i~tereit, ihali be secured by the lien of thu ~ morr~ap~. 0. That (a) in the evenf of any breach of this Mortgsge or default on the part of the MORTGAGOR, w(b) in the evcnt any of ssid swns of money herein referred to be not promptly end f~lly paid within thirty (30) days next after the same severatly become due and payable, without der~and or notice, or in tM ewnr exh and every the stipulatians, ag.eemcnts, conditions and tovena~ts of ss~d promissory note and fh~s mortgage any a either are nof iuly, promptly u~d tvlly perfamed, discharged, exec~ted. effected. completed. complied with and abided by, then in eithe~ a sny such event the said ag pregate wm mentioned in said p•omiuory note ihen rcmaining u~paid, with i~terest acuued, and aN moneyt secu~ed hereby, shsll become dw and pay- able fwthwith, O? thliNftN. at the oprion of sa~d MORTGAGEE, as fvlly ~nd comple~ely ss if all of the sald sums of money wcre wipinally stipulated to be paid on such day, a~ything in sa~d promisso~y note or in this Mortgage to the contrary notwithstanding; aod tfxreupon or therea~ta at the option of :aid MORTGAGEf, without notice a demand, s~:t st Isw w in equity, thcrefore or thereaher begun, may be prosecuted ss if all moneys securad hereby had matu?ed prwr to iri inatitution. 7. That in the event tfiat at the beginnirg of or at aoy time pending aoy su~t upon this Mwtgage, w to fweclose it, or to rofwm it, w to enforc~ payment of any Naims hereunder, said MORTGAGfE shall apply to ihe Court having jur~sdrction thereof for the appo~ntment of a Receiver, such Co~rt shall Fortliwith appoint a receiver of said mortgaged propcny all and singular, irxlud~ng all and singular the income, profits, issves and revenues irom whatever wurce derived, each ~nd every of whith, it being expressly vndtrstood, is hereby mortgaged as i( specifitally tet forth and dewibed in tl+e gr~nting and habendum cla~ses hereof, and such Recriver shall have all the broad and effective fvnct~ons and powers in anywise entrusted by a Court to a Reteiver, and s~;h appointment shall be made by svch Cowt as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to fhe adeqvacy or inadequacy of the value of the properry mortgaged or fo tFro sohrency or insolvency of said MORTGAGOR d the defendants, and that such ren:s, profits, incane, iuues and revenues shall be applied by such Receiver accordinq to the lien or equity of said MORTGAGEE and the practice of such ~ Court. . a 8. To dufy, promptly and fully perfwm, discharge, exetute, effect, complete, comply with and abide by esch and every ihe stipulations, agreemenfs, conditans and covenants in said promissory note and Ih~s morfgage set forth. 9. That in the event the ownership of the mortgaged premises, or any parf thereof, betomes vested in a person other than the MORTGAGOR, the MORTGAGEE, ib successors a~d auigns, may, wifhout not;ce to the MORTGAQR, deat wirh such succeuor or ~uccessa in in?erest witA reference lo this mortgage ~nd the de5t hereby secured in the same manne~ as with Mortgaga without in any way vitiating or discharging the Mortgagors' liability herr under or upon the debt hereby sec~red. No sale of the premius hereby mortgaged and no fwbearance on tF~e part of the N{ORTGAGEE a its successon or auigns and no extension of the time for the psymcnt of the debt hereby secured given by the htiORTGAGEE or its successws w au~gns, .fiall operate to release, d~scharge, modify change w affect the original liab~lity of the MORTGAGOR hereie, either in whole a in part. 10. It is speNficatly agreed that tirt+e is of the esunce of this contract and th~t no waiver of any obligation herevndrr p of the obligation sr a,red hereby shall at any fime rhereafter be held to be a wairer of the terms hereof or of the instrument secured herby. 11_ In addition to ihe forego:ng monthly payments of print ppl and interest req~ired by thp promisswy note secured hereby, mortgagar covenants ar,d agrees to pay to mortgagee with each monthly payment an add~+ional sum est~mated by mortgagee to be equal to 1~12 of the annual cost of the follow- ing: A-All reat prope?ty taxes levied a assrssed aga;~st the above described real estate. B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improvements situate on the above deacribed premises. ~ i C-Premiums on such mwtgsge guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. + Mo?tga9ee shalt from time to time notify mortgagor in writiny of the amounf due and payabte hereunder and such surn shall therevpon be due and % Fayable on the due date of the nezt monthly payment and eath successive month thcreafter urtil mortgagee shall notify mortgagw of a change in such amount. $uch sums shall be applieci by mortgagee toward the payment of real propeny taxes, insvrartce prem:ums, and mortgage guaranty insurance premiums. IN WtTNESS WHEREOf, the said MORTGAGOR has hereunto ut Ais hand and seal the day snd year ~rsf afwasaid. Seal and d ered i~ the presence of: ` ~ ~ a~ ' ~ +n cs~,n ~ cs~n s STAtE OF FIORIDA ~ couNnr oF St. Lucie ~ ~ ' Befae me pcrsonatly sppeared Llovd 1 aYlOY' e~ _ •1 O. i l rl g F T e~~ ~r his wiie, to me well known and known to me to bs rhe ~nd~v~dwts descr~bed in and who executed the fwegoing instrument, and acknowtedged before me that they executed rhe same fo~ the pu~poses rherein expres~ed. Md the ia~d- ~ O~~ ~ C~6 F''. Ta,ylor wife ot r?M, s.~d _ l ov, d Tayl nr upon a separate u~d private examinatwn br me taken separate and apart from he~ said husband, acknowledged to and befo~e me thaf she executed said irtstrumem freely ~nd volun- rarily and vvtAtopf-~epr compulsion, constro~nt, apprehensiqn~ ~ear of or from her taid hvsband. .~N?n ~~~+ny 1?and snd officFal seal thi: °z 68 day of _ MaZ'G~1 , A. D. 19 ~ ~ ~ t d`'/--C~O ~ /7L ' , ~ ~.•~y " " Notary Public in snd for the State of Florid~ ~t Larpe ~ ~ ,..(tetutrr To: My Commission expires: T' ` - / 2/7 7/ fint`;fed~i~l ~,ri~ 3. ~oan I~sociat~on ~ .~'~Al~ tE~°i1G. S7ATE QF RaR'QA !iT L~'~" ~ Fq"~'°~`s' FILED AND RECORDED~ Mr cc~~~,~tss~ov Exa~~~s a~;,. r, ~9~t n FortRp~wu,=~~a.tda $T. LUCIE CCU~:TY. FLA. "~~DEL "'"uuc~ FRED w. D1EgTELHORS! F ~'~~~~~j~~~.t ? ~ ~ ~ ~ f~ ~~.64~91~(~ ~ 1. This in~Y~~~ent p~ePared bY First fede~~aFoc~t~P er,ce n~Sn '68 ''L~~~ 4~~ I I: 26 . . ~1~~ 8 ~~.~~w~ ,n:;:= , ~ ~ . r ' CL~RK CtRCt11T COURT BOOK~ l~ PqCE~3O ' ~ ! . ~ ~ ~ _ - - ~ ~ ~ ~ ~~3~ -