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To plac~ ~nd continuously kNp on tM buildinps now w hK~afta ?itwt~ on s~id I~nd ~nd o+~ ~II puipm~~t and p~na+ally cownd by fh4 mat¢ p~. wi~h all premivrtA thaeon p+id in fuU, fu~ insur~nt~ in ~M uswl u+ndard policy fonn. a suM ~ppro~r~d by ~Fa MORiGAGEE. ~nd windi~am inwr~~ct in th~ usual sund+rd polky form, En • wm approved by tM MORTGAGEE; tn wch comp+nY or ton+P~^~~+ u~M MORTGAGEE m~y di~Kij ~ed all fk~ and windsrorm insur~ policies on ~ny of s~id buiMinp~ My 1nMt~st thN~in w pa~t tMr~of, in tM +q~p+~~ swe afaKaid o~ In ~xeKS th~nof. ~MII cont~in tM usual stae+dud mor~9+9N ciausa o~ such othK a...~ as tM Mony+~N in+y requ'v~. makinp ~M los~ undN ~aid pd} ci~s. ~ach and ~v~ry. paY+bt~ a saW MORTGAGEE u its inlere~l may ~pptar, and each and ~wry ~vch palicy sMll b~ prampthr +ss:9~ed and dtliv~ted to •ny heW by Nid MORTGAGEE u funhu s~curity to said mor~y+~ dsb4 ~nd, not I~u tMn t~n (10) days in adv+nu of tM ~~epir~tion of each policy, ro dr I~vK to said MORTGAGEE a nMw~l ihtnof, topetMr witA a rou~p~ fw the pr~m7um of wch ren~w~lj ~nd th~r~ aMll b~ no fu~ w windstam ins~r~nc~ pl~ad on ~ny of aid bvlidiny~. ~ny tntenst tMr~in a part tMrwf, uol~u ie tl+e fwm'~nd with tM lost p+Y+bl~ ~s ~fonsaids and in tF» ~v~nt ~ny twn of mon~Y becom~s p+Y+bl~ v^dN wch Po1M? a Policia said MORTGAGEE sMll Mw tM option to ~~oeiw and ~pply tM s~ on +ccow+t o1 t1+~ indabtad~ n.ss ascur.d h.r.by w ro peimi~ uid MORTGAGORS ro rec.iw snd vs~ it or any pan ~hereof fw orher purposes, wi~hou~ the.eb~ waiviny w impai.- inp ~ny puity, ii~n w ripht under or by vlrtw of this mort~~t +~d in ~M ~vent Nid MORTGAGORS ~MII fa ~ny nawn f~il to keep tM s~~d p~emises so Insured. a f~il ro dtliva pomptly ~ny of s~id politits of insunnts to said MORTGAGEE. w f~il promptly ro p+y fully ~ny premi~m tMrtfo~ a in anY r~spect f~il 1o pNfoan, discMry~, execut~, ~ff~ct, compl~t~, comply with snd abid~ by ri.:: cov~n+ro. w~~Y P+y Mrpf, taid MORTGAGEE m+y place ~nd p~Y fw tuth Irouranc~ w any p~rt tl~ereof witho~t walvinp a ~ff~ctinp any optioe?, li~n, pvity. a riphf undN a by virtw of this Matp~y~. and tM fvll ~moont of ~ach and every suc1+ p+Yma+t shall b~ imnNdiately dw and pay+bb and aMll '~w intKnt from tM dat~ the~eof wuil paid a1 tM ~at~ oi nirw ps~ tentvm pa annum and togethe~ with s~xA Intaest shsll b~ secvred by th~ lia~of this morty+pe. . I. To pKmit, aommit w suffer no w•s!r. impairmant w d~terior~tion of uid ptq:Yty or arq? pul tFw~of. 5. To pay all u?d tinpulu the tosts, charpa and expsoses. inclvdirg ~ reasonsWe attorr~y's fee and oosn of ab~trac~s of titk, incvned a p+id at eny time by wid 1Y10RTGAGEE, because u ie the tveet of th~ failuro on tM put of the s~id MORTGAGOR to duly, promptly and f~liy pet(wm, diuhargt exec~te, ~ffect, compkte, comply with ar?d ~bide by ~ach +nd every ths tt~pulations, ayreamenri, conditio~s, ~nd oove~ants of uid promissory note and thi~ mortgape am or either, and sa~d cos?s. ch+r~s ~rx! expen~es, tach ~nd every, thall b~ inwnedNtely dw ~nd pay~ble: whethn a ~ot tMr~ b~ notice da m~nd, an~n?pt to oollact w wit pend'ug: u~d th~ fvll amount of ~ach ~nd wery wd~ p~r~t shall bsa. interest from ths dat~ th~reof vmil p~id at thc rate of nine per centum per annum; and +11 said cbsts, chu~es ~nd expa+ses incwred or paid, topetFw with s~+ch inter~s4 ~11 M sscured by th~ lien of this mortpaye. d. Th~t 1+) ~?s eve~t of ~ny bre~tb of this 1Nortys~ w default on fht parf of ths A0.0RTCsAGOR, or (b~ in tM went any of s~id sums of mon~y hercin referred to be not promptly ~nd f~lly p~id within thi?ty (30) d~ys nexf ~fter the :ame severally becane dw and pay+bl~. withovt d~m+nd or notice. or t~ the event cxh ~nd ~very tl+~ stipulations agreemenn, ca+d~rans and coven+nn of sa~d promissory ~ote u~d th~s matpape a~y or ~iths? ar~ ~ot iuly, promptly and fully perfwm~d. d~sch+rped, executed, effbcted, completed, compl~ed wifh and abided by, then in eit1+K or any sucF? ~vent tl» ~aid p- gregat~ sum memio~ed in said promissory note then remainirg ~npaid. witF~ interest sccrved. and all ma~eys s~cvred h~reby. shall becom~ dw and p+y- able fwthwith~ 01 tI1QfNffN~ at the option of said MORTGAGEE, ~s fully ar+d compl~tely as if ~II of tl+e ~aid sums of money were o~ipin~lly sNpulated ro be paid on such day, a~ything in said prom~uory note or in this Mortysge to tM contr~ry notwithstandinp; and thereupon or thereafta at tM op~~on of seid MORTGAGEE, without notice w demsnd, wit at law w in puity, therefore or thereatter bepun, nuy be prosec~ted as if dl aaney~ s~cund hereby had rt?~tured pnw to its institution. 7. TMt in the event that at the beginning of a ~t ~ny time pendiny ~oy wit upon thia Mwtgage, w to foreclos~ it, or to refwm it, or to enforc~ payment of ~ny cl~ims I+ere~nder, said MORTGAGEE sMll apply to tF~e Co~rt h+vinp jwisdictio~ thereof for the sppaMment of ~ Reteive~, such Coun shall fo?ttiwith appoint s receiver of said mortyaged properry all ~nd sirgulat, includ~rg all and s~r.qulsr the income, profits, issues and revenues from whateve? source derived, each and ~very of whKh, it being ezpressly understood, n hereby mortgaged as ~f spetifically set forth ~nd dewibed in the pr~ntinp and habandum cl~uses hereof, ~nd such Receiver shalt have all the bro~d and eHective furxta~s and povrers in anywise entrvsted by ~ Cou~t to a Receiver, ~nd such ~ppointment shall be msde by sucF? Co~A u an ~dmitred equiry and a matter of absolute right to said MORTGACiEE, and without reference to the adequacy a insdeqwty of tM valu~ of the prbpaty mortgayed or to the wNency or inwlvency of tsld MORTGAGOR a the defendann, ~nd that such renn, profi», incane, iuues and rwenues ihall be ~ppl'~ed by such Receiver accord~ny to iM lien or eqvity of said MORTGAGEE and the practios of wch Court. 8. To duly, prompNy ~nd fully perfo?m, dixharge, execute, effect, ooa+plete, comply with and abide by each and every th~ stipuktioos, ayreemenb, conditaro snd covenants i~ s~id promissory note ~nd this mortysge set forth. 9. That in the event the ownership of tl+e mortgsyed premises, or any psrt thereof, becomes vested in a pK~on other tMn the N10R1GAGOR, tF» MORTGAGEE, its successon and assyns, may, withovt notice to the MORTGAOR, desl with such successor w successor in interest with reference fo this mortgaye and the deb~ hereby secured in the same manne? as with Mortgsgo? wiflwuR in a~y way vitiaiup w dixh+rgirg the Mortg~gori li~bility here~ under or ~pon tha debt hereby secured. No ssle of ~he premises hereby mortgaged +nd no forbears~ce on th~ paA of the MORTGAGEE a in succeuon or assigra and no extension of the time fw the payment of the debt hereby secured grven by the MORTGAGfE a in svccesso?s or assigns, ,hall operate to release, discharge, modify change or affect tfie origina! Iiability of the MORTGAGOR herein, either in whole w in p~rl. 10. It is specificslly agrced that time is of the euence of th~s contract and that no waiva of any obligstion hsr~w~der or of the obl'g+tion se- cured he?eby ahall at any time thereaftet be held to be s w+ivet of the terms hereof or of the instrument secured herby. 11. In.3 ~d~tion to the fwego:ng monthly psyments of princ:pDl and interest required by the prom~ssory ~o eea ercby, mortgago? tovenants and sgrees to pay io'R~or with each monthly payment an addiianat sum estimated by mwtga qual to 1/12 of the ann~al cost of the follow- ing: A-All real property taxes kvird w assessed against t nbed resl estate. ' B-Premivms on fire and windatorm i rein ?equ~red to be urr rovements sitvate on the above desaibed premises. ~ C-Premiums on suc e guaranty insurance as matgagee ahall #rom t~me to time deem the bsn secured hereby. Mortgsgee sha 1 from time to time notify mwtgago? in writirg of the amount due and payabk hereunder and s w evpon be d~e snd payable on the due date of the next monthly payment and each successive month theresfte~ until rtwrtgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by matgayee toward the payment of real property taaes, inwrance prem:umt, and mortgage guusnty insurance premiums. ' ~ N WITNESS WH , the aid MOATGAGOR has hereunto set his hand snd seal the day ~nd year ~nt aforesaid. ` ~ Sip and delivered i esence of: s i ~ al? € \ rc-~9 ~ ~0 ~ STATE OF FLORIDA ..,i..~ ,r,,~~ ~ CpV~( pp St. Lucie ~ • n.~~ `•t• , Edward R. Lanqel, a sinqle adult :_t, •~'-i,~~ defore me person~lly sppeared ~ ~Cl~~ to ms well ~e~Tiw' a no~n 1s'rtft fo Ge the ind7vidwb desvibed i~ and who eaecuted the foregoinp inst~umN+t, ~nd ~dcnowlcdped befwe me ~fat~ij[ e~{{~e ~ ior tF~ pvrposm rherein ~xpressed. ha " ~ . v Si •dff~C7ibo~dC ~ - ~ . ••..r...• , _ WITNESS my k~nd and official aeal thi day of ~A. D. 19118_ ~ ary Public in and for the St~tt of Fbrida ~t larpa ~ . My Commiuion ~xpires: l O~ I/- 7/ ~ Rstwn Ta. ~ fiM Feden) Savinps d~ Lwn Auociation • - ~ o{ ~ P~fCe. ~ MOTA~~ ~OBUC. tTATE OF FLO~IOA AT UJIBE P~««, Flwids F?LED AND RECORDED ~ FLA.MY COMMISSION EXPIRES OCT. 11, 1971 ST. LUCIE COUN7Y~ .oNOEO 7MI~OU9N FREO W. pl[fTtLNOA~T ~ ~ pcrf~~., 1~- r n ~ 165~1`7 ' ~ _ ~ This instrument prepared 6y , ZS P p~ 68 MAR a~~ ~ first f efa fSav. &~r ean Assn. ~ J ~ • rtU'-~:_?t 1'OITft~S ~ By CLERK CIRCUIT COURT ~ r- aoac 1~~ ~ r'l-; , ~ : ~ - _ ~ ~ ; ~rr ` ryg~~~~-~-~ -