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To plsc~ and con~inuouily keep on the buildings now or he~e~fta s~tu~t~ oe~ said land and on alt equipmant and penonally cova~d by tfii~ mwt~ p~, w~th dl p~emiu~s ~Fxreon pa~d in (utl, fire insurance ~n the ususl srandard pol~cy form, ~n a sum approved by the MORiGAGEE, and wind~twm insurance in tM ususl itandard pol~q fam, ie? a:um spproved by the MORTGAGEE, in s~ch cwnpa^Y a~«"P+^ies +i ~M MORTGAGEE may dindt a~d all fin •nd w~nda~orm insurance poliuei on any of ~aid build~ngs, any i~tereit therein or pa?1 Ihereof, in the +pg~ey~~e tum afa~said a In ~actu thereof, tMll contain tM uiwl st+ndard matgspe~ clausa a such other clause ~s tF» Matgagee may requ~r~, makinp tM loss unde~ aa~d poli~ u~s, s+ch ~nd evay, p+yable ro uid MORiGAGEE ~s ~ts intcrest may ~ppea~, and each and eve~y such policy shall be promptly +».gncd and delivered ~o •ny MId by s~~d MORTGAGEE as turther security to said matpage debt, and, not leu th~n ten (10) dayi ie+ advance o( the expir~t3on of esch polccy, to da IivN to iaid MORTGAGEE a renewal thereof, together with i rete~p~ for the premium of such renewal; and ther~ sAall b~ no fire o? windsto~m insuranc~ . f plac~d on ~~y of said buildirgs, any inte~eit there~n w p+rt tMrwf, unleu in the form' ~nd wi~h the loss payable +s afores~id; ~nd in the event any sum of naMy brcomet payable u~der suth polity w politi~s said MORTGAGEE shall haw tM option to receive and apply tha iarrN on +tcoun~ ol the indebted- ness iecv~~d hereby ot to pe?mit said MORTGAGORS fo teteive and use it p any part theieof ior othe? purposes, without th=rEb~ waivi~y or ~mpai~• ` ie~ ~ny puity, lien w ri9ht under a by virtus oi this mort9age; and in the event sa~d MORTGAGOttS shall (w sny reason fail to keep the ss+d p~emisea w ~ p~ y pay y y p?emium therefw w in a~ insured, o~ }sil ro de!iver p?omptly any of iaid policies of insu.~nts to said MORTGAGEE, o~ fail omptl to futl ~n Y } respact fail b perfam, discharge, e:ecute, effect, complete, comply with and +bide by this covenant, or any psr~ hereof, said MORTGAGEE may place snd pay fw such iruuranc~ w a~r wn ~he~eof withouf watvinp w•ffectinp any option, Ikn, equity, or ri9M unde~ w by virtw of this hlwtgs~e, ~nd the fvll amount oi ~ach ~nd ~very such payment shsll be immcdiately dw ar+J payable and shall bear interest irom tM dat~ thereof until paid a~ th~ rate ol : nins pa centum pe~ aenum and together with sucA interest shall be ~ecured by the lien of this matgs~e. 1. To psrmi~, commit ot suffa no wastt, impairmc~t a deteriorat~on of said property w ~ny pa?t thereof. S. To pay all snd sinyulu tfietosts, charges a~d expenses, including a?easonable attwneyi fea and costt of sbstrads of title, incurred w psid at any time by said MORTGAGfE, becaus! a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perfwm, d~scharg~, exec~te, etfec~, comple~e, comply w~th and ab~de by each and every tlx itipulat~ons, agreements, conditions, and covenann of said promissory note and rhi~ mortg~pe any o? e~tha, snd sa~d costs, charges and expenses, e+ch and every, shall be immediately due and payable; whether w not there be notice d~" m~nd, attempt to colkd or suit pending; and the full amount of each and erery such payment shall bea. interest from ths date thereol until pa~d ~t the rate of nine per centum pcr snnum; and all iaid cbsts, charges and expenses inturred or paid, togethe? w~th suth int~rest, shall be setured by tM lien of thiu n+c?~9~W l A. That in the event of any txeach of thi~ Mortgsge or default on tM part of the MORTGAGOR, or (b) in the event any of ss~d sums of money 1 herein referred to be not promptiy and fully paid within th~rty (30) daya next after ~he same severally betome due and payable, without demand w notice, or (c) in tM event e+ch and every the stipulations, agreements, conditions and cov~nsnts of sa~d promissory nete and th~i mwtgs9e any p e~ther are not ~uly, promptly and fully perfwmed, d~scharged, executed, effected, completed, compGed with and abided Sy, then in eithpr or any such eveM ~M said aQ yregat~ sum mtntionad in said promiuwy note then remaining. unpaid, with iNeresf accrved, arx! all moneys setured htreby, shall betome due and pay- sbls forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completcly as if atl of the said wms of mo~ey were wginally stipulated to be paid on such day, anything in sa~d promissory note or in this Nbrfgage fo the conlrary notwi?hstanding; and thereupon or thereafter al the option of said MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted ~s if ~II moneys satursd he~eby had matured priot to its institution. 7. TMt in the event that at the beginnirg of w at any time pending any suit upon this Mortgage, or to fweclose it, w to refwm it, or to enfwce payment of ~ny claims he~eur+der, said MORTGAGEE shall apply to the Court havirg jur~sd~ction thereof tor the appo~ntment of a Receiver, such Cou~t shall Fwtliwith appoint a receiver of said mortgaged property all and singular, includ~n9 atl and s~ngutar the income, profits, issues and revenues from whatever wurce derived, each artd every of wh~ch, it being expressly unders~ood, is hereby mortgaged as if spec~ficaily set fwth and deuribed in the g~aroing and habendwn tl+uses hereof, and such Receiver sha~l !~~vo all the brosd and effecrive funct~ons a~d powers in anywise entrusted by a~ourt to a Receiver, snd ~uch ap,,ointme~t shall be made by such Court as an admitted equ~ty and a matter of absolute right to said MORTGAGEE, and without refercnce to the adeq~acy or inadequacy af fhe value of the property mortgsged or to the wive~+cy or insolvency of said MORTGAGOR a the defendants, and that such rents, profin, income, iuuei snd revenues shall be applicd by such Receiver accordinQ to the lien w equity of said MORTGAGEE and the practice of such Court. • ' 8. To duly, promptfy and fully perfwm, discharge, c:ecute, eifect, complete, comply with snd abide by each and every the stipulations, agreements, conditans and covenants in sa~d promissory note and this mwtgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any psrt thereof, becomes vested i~ a penon other than the MORTGAGOR, th~ MORTGAGEE, ib succeuo?s and ass~gns, may, without notice to the MORTGAOR, deat with such successor or tuccessor in interest with reference to this mortgage +nd the debt hereby secured in the same manne? as with Mortgagor without in a~y way vitiating or dischargi~g the Nbrtgagori' liability here~ under w upon the debt hereby secured. No tsle of the Fremises hereby mortgaged end no forbearance on the part of the MORTGAGEE or its sutcessws or assgns snd no eatcnz~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its suctessors w auigns, ahall operats ro release, d~xMr9e, modify charxle w affect the orig~nal liab~t~ty of the MORTGAGOR herein, either in whole or in psrt. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any oblgation hereunder w of fhe obligat'ron se- a,red hereby shall at any time thereaFter be held to be a waiver of the terms hereof a ef the instrument secured herby. 11. In addition to the forego:ng monthly payments of princ~p~l and inrerest required by tF?e p~omissory no?e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~rional sum est~mated by mortgagee fo be eqval to 1~12 of the annual tost of the follow- mg: A-All real property ta:es levied or assessed agai~st the above dezcri5ed real es~ate. B-P?emiums on fire and windstorm insurance as herein requ~red to be carried on Ihe improvements situate on the abeve drscribed premises. C-Premiums on such mortgage guaranty insu~ar~ce as mortgagee sha{I from t:me to time deem fit to carry on the loan secured hereby_ Mortgagee shalt from time to t~me notify mortgagor ~n wr~t~ng of the amount due and payable hereunder and such sum shail thereupon be due and payable on the due date of th~ ~ext monthly payment and each successive momh thereafter urtil mortgagee shall notify mortgagor of a change in such emount. $uch sums sF.a!I be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance premiums. ~ IN WITNE55 WHEREOF, the said MORTGAGaR has hereunfo xt his hand and seal the da~ ~,r i t ainresaid. Sipned, Sealed and de?i red in the p?esence of: a C: r 1 ~ ~ oo~~ yh BY: Presid r~~ (Seap ~ _'''~a ~C ~~~r~~r~cE4c Attest: - ~ cret~r~ ~ ~ - - - - - - - - - - - - - - - _ ~ STATE OF FLORIDA COUNTY OF ST. LUCIE ~ 3 I~.arc.i ~8 ~ I HEREBY CERTIFY, That on this ~ day of - , A.D. i9 , ~ before me personally appeared ~obert E. Rose a~~ "~ary Rose _ ~ respectively President and Secretary - , of ri~~r~~ate ~:or~~oration ~ a rlorida _ Corporation, to me ~ ~ ~ known to be the persons described in and who executed the foregoing instrument, and severafly acknowledged the exe- ~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein rnentioned; and that they ~ ~ ~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporetion. ~ WITNESS my hand and official seal at Fort Pierce ~ , said county and state. , ~ ~1p~,.,~.~ ~ ; = FILED AND RECORDED~lotary Public, in and for State and Cout~t~ aforesaid. ~ ~ ST. LUCiE r0U'~TY. F y Commission Ex ~re~: ~ - lMA P otar~ P~`: c~!:!e ot fl:~~ tt la~g~ . ~ ~ , . - , ; ; ~ / tiA Comm~i:an [~~+~tes t3~t 3. ~9u9 ~ - ~-~Cll~'(-C~-f~ Y~..v.: 1. An...., . ~.ti • _.n.+~'~ . ~ ~;y '63 t1~,? I S AM ! i: I 0 3 G~ ~ ~ Tbis instrument prepared br / ~ 1~.~2~9 ~ First Federal Sav. b loan P.• - f o! Fort Pieru ~ ~ ~ ~ - ~ • p~+ C~E~~'?'. V~S~yUIT ~OURT B~ T L,?,c/~ ci P~-( . t.r pr f~~~r ~ ~ d l.? F~ ~ , Y ~ ~ ~ ~ ~ y ~