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To plat~ +nd continuousiy ke~p on th~ buildin9i now w hereafte~ ?itua~~ oo said I~nd and on ~II equipmen~ and penon+lly cov~r~d by ~his mort~ ~y~, with ~II premiurtA tFureon paid in full, tire insur~nc~ in the usual standard policy fwm, ~n • ium ~pprov~d by tM MOR~GAGEE, and windstam in~w~nc~ in th~ utwl iTand~rd poGq torn~, in • sum ~pproved by tF+~ MORT('iAGEE, in tuch tompany w compania as tM MORTGAGEE m+y dinclt u~d +I) fi~~ ~~d wi~torm ins~rance po~k~e~ on ~~y ot said b~ild~nys, ~~y int~r~st 1Mrein or p~~t therwf, i~ tM +pyre9~~~ svm ~(o?~said or In ~xusf lhereof, sMll contain th~ usval itand~rd mortga9e~ clsuss or such other claut~ as tM Mo~tps~e~ m~y rpu'u~, makinp tl+~ lou u~+der said po1F cia, each and every, paY+bl~ to uid MORTGAGEE as iti tnterest may ~ppe+r, ~nd each and eve~y tvch policy ihall be pranptly ~ss:yned and delive~ed to ~ny l+eW by said MORTGAGEE ~s iurther seturity to uid matp+p~ debt, and, ~ot leu tM~ ten (10I d~ys In +dvance of tM ~xpfr~tion oi each policy, to d~- live~ to ~aid MORTGAGEE • renewal thereof, top~ther with a recsipt for the p~emium ot futh re~ewalt and ~Mr~ sMll b~ ~o fire w windatwm insur+na plac~d on sny oi said b~ildings. ~~y interest therein o~ p+rt tMreoi, unleu in ~h~ fonri ~nd with tM loss payable +s ~faaaid; +nd in tM ~vent any sum of mon~y becomes p~yabl~ under such polky w po~icroi s+id MORTGAGEE ihall 1uw tM option to ?eceiw and apply th~ ~ams on +ccounl o~ tM indebted~ nep ucvr~d F~eby w to permit said MORTGAGORS Io reteive and ~s~ it or •ny pa.t ihereof !or other purposes, wi~hout thereb~ waiving a impair- iny any pviry, liu+ or ripht under or by virtw of this mort9aye; ~nd in the ~vem a~d MORTW.30RS ihall for ~ny reason fail to keep ~he said prem~ies so insured, w fail ro delive? promptly ~~y of said politie~ of insunnts to ~aid MORTGAGEE, ot t~i~ promptly to pay ful~y any premium the~efw w in any retpect f~il fo perforrey dischuge, execute, ~ftect, complet~, tomply with and abid~ by this ~c~enant. o~ anY part hereoi, iaid MORTGAGEE may pl~ce snd p~v fa ~uch insuranc~ or any p~rf thKeof without walvirq or aHectinp any option, li~n. equity. a~ipht under w by virtw of this Mortyay~. and the full amount of ~~ch ~nd every such payment sh+ll bs immediately dw and p+ysbk ~nd ah~ll beu interest from tl+s dab thareof ~ntil paid a1 1M rat~ ol nine p~r centum per anrwm and togethcr wifh iutA i~terest shall be secured by the lien of this Inort9sye. 1. To permit, canmit or suffa no wast~, impairment or deterioration of said property or ~ny pul the?eof. 5. To p+y all and sinpul~~ the tosts, charyes ~nd expenses, includirg a reason~ble ~ttorney's fee u+d costs of abstracts of title, incurred or paid s~ ~ eny time by said MORTGAGfE, betaus! or in the event of the failure on the part of tM taid MORTGAGOR to duly, promptly and futly perform, d~xhsrg4 e,ecute, effect, compteta, comply with and abide by ~acb and every the stiputations, ~greemer+ts, conditions, and covenants of uid promiuory note and thii matyap~ any w either. and said coats, cMrqes and expen~es. each ~nd every. shall be immediately .:-.x •nd payable: wl~ether w not there be norice de } ma~d, snempt to collect w suit pending; and the~vll amovnt of esch and every such pa;~+ent sMll bea? iMerest fran the date thereof until p~id a? the ra~e ot nine per centum per annum; and a11 iaid costs, charges and expenses incurred o? paid, together w~th iuch intereit. ahall b~ secured by tM lien of tha t mortpps. A. That j~) in the event of any breach of this Matgape or default on tM pa?t of the MORTGAGOR, or (b) i~ the event ~ny of ~a7d sums of money herein r~terred ro be not promptly snd fully p~id within thirty (30) days next after the same severalfy become due and payabk, without demand a notice, or (c) in N+e event e~ch and every the stipulai~ons, sgreemcnts, conditions and coven+~n of sa~d promiuory note +nd this mortg~ge any w either an no1 iuly, promptly ~nd fully perfwmed, d~scharged, executed, effected. completed. compl~ed with and ab~ded by, then in either or ~ny such evenl the said y~ yreg~t~ sum mentioned in said promissay note then remaining unpaid, with interest sctrued, and all morxys secured hereby, shall betome dw and pay- able iwthwith, or therea4re~, at the option of iaid MORTGAGEE, as fully and completely as if atl ot the said wms of mooey were aiginally stipulated to be psid on such dsy, anything in said promissory note or in this Mortgage ro the tontrary notwithsundiny; and tF+ereupon w thereaftc+ at the option of said MORTGAGEE, without notice w demand, suit at law w in puity, therefore or thereafter begun, may be prosecuted at if all moneys secured hereby had matured pnor to its institution. , 7. TMt in the event that ~t the beginning of or at any time pending aoy suit upon this Mw:~7age, or to foreclox it, or to reform it, or to enfwc~ paymenl of ~ny claims hereunder, said MORTGAGEE shall apply to the Carrt havirxJ jurisdrction thereof for the appo~ntment of a Receiva, such Court shall fortliwith appoint a receiver of said mortgaged p?operty all end sinp~lar, includ~ng all and singult• the income, profi~s, iuues and revenues from whatever source derived, each and every of which, it being expressly under:tood, is hereby mortgaged u if speciiically set fa~h and dtwibed in the granting and habendwn clauses hereof, ar+d sucfi Receiver shsll Mve ~II the brosd and effective funct~ons and powers in anywise entrusted by s Court to a Receiver, and ~uch appointment shall be made by such Court as ~n admitted equity ~nd a matter of ~bsolute right to said MORTGAGEE, snd without reference to the adeqvacy or inadequacy of the valve of the property mortgsged w to !he sowency a inso~vency of said MORiGAGOR or the defendants, and that such rems, profits, income, issves and revenues shall be applied Ey sw•h Receiva accordiny to the lien or eq~ity of uid MORTGAGEE ~nd ~he practice of such ~ Court. , 8. To du:y, promptly and fully pcrfwm, dixharge, e:ecute, effect, complete, comply with a:.~ abide by each and every the stipulations, agreements, ~ conditions and covenaros in said promissory note and this mortgage set fath. ~ 9. TF~at in the event the ownership of tlte mortgsged premises, or any part thereof, becomes vested in a person other than the MORTGACaOR, the 1 MORTGAGEE, iri succesaors and assigns, may, without no~ice to the MORTGAOR, deal with such succeuor or successor in interest with reference to this ~ mortgage and ihe debt hereby secured in the same manner as with Nbrtgsgw without in any way vitiating w distharging the Mortgagor3' liabitity here- under or upon the debt hereby secured. No sale of the premises hercby mortgaged and no {orbearance on the part of the MORTGAGEE a its successws ~ or assigns and no extmsion of the rime fa the payment of the debt hereby secured given by the MORTGAGEE or its successors or aas"~gns, shall operate s ro release, dixhar~e, modify chsnge a affect the original liab~lity of the MORTGAGOR herein, either in whole or in p~rt. ~ 10. It is specifically agreed that time is of the esscnce of this contract and fhat ~o waiver of any oblgation hereunder or of the obligatio~ sr ~ cc.red hereby sMll at any time thereaftd be held to be a waiver of the terms hereof or of the instrument secured Ixrby. ~ 1 i. In add~tion to the fwego:ng monthly payments of princ'p~l and interest required by tF+e promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual tost of the follow- ing: A-All real property taxes levied o~ assessed agai~ss? the above described real estate. ~ B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the ~mprovements sitvate on the above described premises. 'i C-Prcmiums ,on such mortgage gwranty insu~ance as mortgsgee shall from t~me to time deem fit to orry on the loan secured hereby. Mortgagc~e shall from time to time notify mortgagor ~n writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and y payable on the due date of ~he next monthty payment and each successive month thereafter urtil mortgagee shall notify mortgagw of a change in svch ~ amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, ins~rance prem:ums, and mwtgage guaranty insurance S premi~ms. g IN WITNESS WNEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day y r fint sforeaaid. Sg Sesled a deliver the presence o!: 7 6 • ~ ~ n ~ ~ ' ~ , . . c o son ~ (Se~~ ~ ~ ~ ap a ~t~T'itness ' arian J. o ason s~an F ~ ~ Territo~ry of Vir~in Islands ~ u. ~ ~ 3~~ - ~ S 6efwe me penonally appeared aT ..1. Ni ehol a s on ~ Mari s~n J~ Nir_holason his wife, to me well known and known to me to be ~ the individwb desuibed in and who executed the fore~oing instrument, and acknowledged before me that they executed the same for the purposes s shereie expressed. And the ssid Marian J• Nieholason ~ ,~~ie ot tM ~aid .T . aT • Ni chol a s on ~p~ a kparate ~nd pr'nst~ ~ exsmin~tion by me taken separate and aparf from her said husband, ~ckrawledged to and before rrM that the e:ecuted said instrument ireely and volurt- ` ~ tarily and witho~?t ~ny compulsion, constraint, apprehension, fear of or frc•.~ her s~id huiband. . ~ WITNE55 my hand snd official ual this ~ S day of A. D. 19 68 - . ' ~'.e.Q,,.,:~ _ Notary Pubtit in ~nd ~or theil~lAF~ii~J ?~t Lsrye My Commission expires: J a/~/ ~ Return To: ~ Rnt Federal Ssvings a Loan Associat~on ' ' l~~L V ~ Of Fort P~erce. " , Fon Pierce, Florida FILEO AND RECORDEO~ ~.s. . ST. LUCIE COUNTY. FLA. ; ` ' . • - ~ p~_r~f,-+ a,_~r~ ; - ~ This inst~ument prepared by ~ = ~ ~ ~ ~ : - ; ~ ~ - ; < First Federal Sav. & Loan Assn. 165342 ~ - ~ ~ ` = ~ ' ~ of Fort Pierce '68 MQR 19 AM 10 : I 7 o: g,~-~ ~ .v~ ~ . ~ ~ ~ - ~ ~ ~ fi~'~!~~? :'o1TR~,s CLERK CIRCUtT COURT ~ ~ 80lRli(11O PACE~J~ r~ , , - _ ~ : : ~ ~ - ~.~~-.a~~~ _ . - ~ Y