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To pl~c~ and continuouily ks~p on tM build~ng~ now o~ Mresft~? ~itwt~ oe~ said Iand and on ali equipm~nt ~nd pawr++lly covK~d by M+i~ ena1~ ~p~, wtth all premiuml thereon p~~d r~ tull, f~re iniurance i~ the u~u+l irandard policy form, ~r? ~ sum approv~d by tM MORTGAGEE, and winditorm insura~c~ in 1M utu~l tt~ndard policy iam, in a sum ~pp~oved by tM MORTGAGEE, in t~.h tanp~ny or compani~. as ~M MORTGACsEE m+y d~nctt ~~d all fir~ a~d wind~torm insur~rtce poliues on any oi ~aid build~np~. ~ny in~~rtsl th~rein w pa~t thsr~of, in tIN ~yyrey~~~ ~um afor~s~id w In ~zcess th«eoi, tMll cont~in the uiwl uandard matyage~ clause w i~ch other claus. ~s li+~ Mat9age~ may ~equin. makinp tM loi~ unde~ said po1} cis~, ~ach and ~vKy, pay+bl~ to aid MORTGAGEE as its intere~t may ~pptar, snd each ~nd eve.y svcA poiicy ah~ll be promptly au:yned +nd d~livered to any heW by taid MORTGAGEE ~s fu~tha seturity to s~id mo~ty~p~ debt, ~nd, no1 less than ten (10) days in advance of tM ~xpir~tron of exh policy, to d~ IivN to said MORTGAGEE ~ r~n~wal therwf, tope~he~ with a receipl for the pr~mium of t~ch ~N+ewalj a~d tMr~ ihsll bt no fire w wind~tam insvranu pl~c~d on ~ny of said buildinp~. ~ny i~terNt tFarein or part thereof, unleu in th~ fonn'and wilh th~ lou paysbt~ ~s afort~aidr and in ths tvtnt ~ny tum of mp+~y becom~s p+y+bk ~nda wch policy w polici~s said MORTGAGEE shall hsw tM oplion ro~eceive and ~pply tM s+m~ on ~tcovnt o~ tt?~ indebted~ ne~t fecvr~d F~tby w to permit taid MORTGAGORS to reteiw and u~s it w any part Ihereof i~,: other purposes, without thereb~ waivi~~ o~ ~mpair- in~ any puiry. IiK? or ripht under a by virtw of this morsyaye; ~nd in tM event said MORIGAGORS shall fo~ any reaton fai) to keep ~he ssid pr~mius w insured, or f~il b dtliver promptlY anY of said polities of insunnts to said MORiGAGEE, ~ fail promplly to pay fu~:y +~Y premium therefor a ief any rs~pect f~il to pafo~m, dixharge, execute, ~ffsct, complete, compty with and ~bid~ by this covenant, w any part herwf, said MORTGAGEE may place and paY fw such ie~uru~ w any p~rt thereof withoul w+lvtry w ~ffactinp any option, ~ien, equiry, or right vrdN a by virtw of this Mwt9s~s. ~r+d tM full amo~nl of each ~nd ev~ry ~uch p+yme~t shsll bs immedi~tely dw +nd pay+bl~ aod ahall bear interett f~om t!w dat~ thsreof until paid a~ 1F» ratt of n~ne p~? centum per annum and to~ether with ~ucA interest shall be iecured by tM lie~ of this mortg~ye. 1. To p~rmit, oomndt or wffer no wuN, lmp~i~ment or deteriontion of uid prope~ty or pa?t tl~treof. S. To pay all a~d sinp~lar the ~coits, charges a~d cxpenses, includinp a ressonable attwoey i(ee and costs of abstracn of title, incurred or paid ~t ! any Yimer by ssid MORTGAGEE, becavss or in the event of the failure on the p~N of the taid MORTGAGOR 1o duly, promptly snd f~lly perform, d~uhargR exaute, ~ffect, comple~e, comply w~~h ~nd abide by each and every the strpulations, agreemenn, conditions, and covenants of said promi:sory note and rhi~ maty~p~ any w either. and said costs, cAarqes and expense~. each and ewry. sl?sll be immediately due ~nd payable; whether or not there be no~ice ds msnd, attempt to colkct or suit pend~rg; and the full ~mwnt of exh and wery wch payment ~h~ll be+? intemst f~om the date thereof until paid +t the rare of nine ptr centum per annum; and all ~id toats, charges and expcnses incurred w paid, together with svch interest, shall b~ setured by tM li~n of thit ~ mottyiy~. . ~ e. Yfwt (a) in the evcnt of ~ny b?each of this Mwtgage or defsult on tM part of the MORTGAGOR, a(b) in the event ~ny of said sums of money herei~ ~eferred to be not promptly snd fully paid within thirty (30) days next afte? the same severally become due and payable, withovl demand w notice, or (c) in the ~vMt each snd every the stipulations, agreement~, condirions ~nd tovensnn of said promissory note and 1lis mortgaye any a either are nd ~~ty, promptly and fully performed, diuharged, executed, effected, completed, complied wifh and abided by, then in either or any s~ch eveM the ssid ag yreqat~ sum mentaned i~ iaid promissory note tlun remaining ~npaid, with interest xc.ued. and all moneys tecured hereby, shall become dw and pay~ ~ able futhwith, w there~fter, ~t the option of sa~d MORTGAGEE, as fully and completeh as it a~~ of the iaid sums of money were wgin~tly stipulafcd ! to be paid on such day, anything in said promissory note or in this Mortgage fo the contrary notwithstanding; and thereupon cr fhereafter at the option of ~ said MORTGAGEE, without notKe a demand, suil et law w in equity, thercfwe or thereaft~- begun, may be prosecuted u if all ~wneys setured hereby ~ had matured prior to itt institution. 7. TMt in tF~e event that at the beginning of w ~t any time pending soy suit upon this Mortgage, or to foreclose it, or to refam it, or to enforn payment of ~ny claims haeunda, said MORTGAGEE shall apply to the Court having jur~sd~a~on thereof for the appo~~tmcM of ~ Recei~ier, wch Court shall fortFiwitA ~ppoint a receiver of said mortgsged property all and singula?, includ~ng all and s~ngular the income, pro(its, issues and rcvenues from whatever i tource derived, each and evcry of which; it being expressly understood, is hereby mwtgaged u if spetifically ut forth snd described in the yra~tinp a~d habendum cl~uses hereof, snd such Receive? shall have all the brwd and effactive funct~ons and powers in anywise entrusted by s Covrt to • Receiver, and s~ch appantment shall be msde by such Court aa an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference ro the edequacy w inadeqv+ty of the value of the p?operry mwtgaged w to the sotvency w insolvency of said MORTGAGOR d the defendants, and ?hat such renrs, profits, income, iuues and revenuei shall be appl~ed by such Receiver accord~ny to the IKn or eqvity of said MORTGAGEE and ~he pradice of sucA COVA. 8. To duly, promptly and fully perfwm, diuharge, execute, effect, compfete, comply w~th and abide by esch and every the stipulafions, sgreemenb, conditans and covensnts in said promissory note and this mortgsge set forth. 9. That in the event the ownership of the mortgaged premixs, w any part theteof, becomes vested in a penon otF?er fhan the MORTGAGOR, t!» MORTGAGEE, its successws and ass~gns, may, wifhout notice to the MORTGAOR, deal with such succeuor or successor in interesl wiih refcrence to thit mortg~ge ~nd the tkbt hcreby secured in the same manner as with AM1ortgsgor without in any way vitiating w dischargirg the Mortgagors' liability hera under w upon the debt hereby secured. No sale of the premius hereby mortgaged ~nd no fo.bearance on the part of the MORTGAGEE or iri successon or assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successon or auegns, shall operats ~o release, discharge, modify change or affect tF~e original liab~lity of the MORTGAGOR herein, either in wlwle or in put. ' i 10. It is specifically agreed that time is of the essence of this contract ~nd that no waiver of any obligatwn hereunder or of the obligaYqn ~e- n,red hereby shall st sny time thereafter be held to lx + waiver of the terms hereof w of the instrument sec~red herby. `.Ll. In add~tion to the fwego:ng monlhly payments of princ:pDl and interest required by the promissory nore secured hereby, mortgagor covenants and agr pay to mortgagee w~th each monthly payment an add~rional sum est~mated by mortgagee to be equal to 1/12 of tfie annual cost of the follow- ~ i i^9: A-AI~ real property rssed agai~st the above described real estate. j B-Premiums on fire and windstorm insurance as e u~red to be wrried on the improvements :itvate on the above describe ~ses. C-Premiums on such mortgage guaranty insurarce as mortgagee s a "me to time deem fit to'carr on red hereby. ' N4ortgagee shall from time to time notify mortqagor in writing of the amount eunder a~d such sum shall thereupo~ be due and payable on the due date of the next monthly payment and eac mont thereafter urtil mortgagee mortgagor of s charge in such ' amount. Suth sums shall be aPplied b mort payment of real property taxes, insurance prem:ums, and _ e ~ ~r~irere~- - ~ k IN WIT E , t s MORTGAGOR has hereunto set his hand ar~d ual the day and year first afotesaid. Sea! in he presence of: ~ ~ ~ ~ ~ ~ ~Ct s~.n ! g - cs~.o ~ . . ~ STATE Of FLORIDA " . - ~ COUNTY OF $t. L11C1@ ~ , ' , • 1--• ~ = . r. , ' Befwe me pcrsonally eppea~ed• Goebel H. DicKinlev - ~ Mildred P. Mc}Cinlev h~s w~ie, to me ~eH k~owri'and_known tQ ~qelo b~ ~ fhe individwls destribed in and w:.~ executed the fwegoing instrument, and atknowledgcd before me that they esec~tet! tl~t°~arM ~c t~e, pwposes ! fherein expressed. Md fhe said Mildred P. MC1~1111@y ~ ' ~ w~re ot th. s,id Goebel H. McKinley ~:;~,.,~jr•le.md privar• ~ examination by me taksn separate and apart from her said husband, ackrwwledged to and before me that the execuTed said instrvmeM„frelfy and volun- ~ tarily u~d without ar~y computsion, constraint, appreF~ension~w fex of w from her said husband. ~ . ~ T ~ WITNESS my hand and official seal thi¦ day of Ma ~'1 A. D: 19~2~ # m .22~ l.L~~o. > FILED AND RECOROE[~° tary Public .~a ra ~n~ s~.r~ ~ Fb.~a..~ u~9e ST. LUCIE COUNTY. FL,'~'' ~O°'m`u~°" e"~"" io~/i -7/ RetuM To: =i F ^ (1:~ r ~ ! ~7 r , F n r= firsf Fedenl Savings 3 toan Auociat~on ~ ^ Of Fort P~erce. ~s fort Pierte, Flwida MN7A~r ~U6UC.:TA1E Yf fL0~1oA A L3.ipiE I~ ~ IO • I 7 MQ COMMqoua~Nr~eoRws u~csrc ~MORfT ~ 1~533~ r • ' This instrument prepared by ~ ; ; ~ ~ : ; ; , First federal Sa Loan Assn. CLERK CIRCUiT COURT ~ of rt ier ~ BY . . ~ ~ ~ ` ' 80t~1K ~ ~ V PAGE ~ ~ ~ ~ - - - t ~ - _ ~ . ~ ~ ~ ~ ~ ~