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To plac~ and continuously keep on tt+s buildi~ys now or M?e~ftK fituat~ on said I+nd and on +11 equipment +nd penonallY ccvered by this mortp~ ag~, with ~II pr~mi~ms ~herson pa~d ir~ full, fire insur~r?ca ie t1w usual standard poticy fwm, in a ~um ~pproved by ths MORTGAGEE. ~nd windstorm inwranc~ in tM uswl stsndard policy iwm, ln a s~m approved by tiw MORTGAGEE, in wch company u compa~ies as ths MORTGAGEE rrNy di~ects ~nd sll fin and winiktorm insu~anu policies on a~y of said b~lld~nps, ~ny tnter~it 1Fa~ein or p~r1 tMreof, in the a99rey~te wn+ ~for~said or In ~xtess Ihereof, tMll tontain the ~nwl stand~rd matgspee tlaus~ or tuch other clauss ~s Ihe Matyagae may reqvire, makir?p tM loss unde~ s+id polb cies, each and evcry, payabk ro said MORTGAGEE as its interes~ may ~ppea, a~d each and evcry t~ch policy thall be promptly as~:yned and delive~ed to any heW by s+id MORiGAGEE as furthor security to said mat~sge debt, ~nd, ~ot leu th~n ten (10) days in advance of the expiration of each polity, ro da liva to said MORTGAGEE a renew~l thereof, topether with a receipt for the premium oi wch renewalj and the~e shall b~ no fire or windstorm inwrancs plated on ~~y of said buildinys. ~ny interest therein w psrt the~eof, unleu in Ihe fwm and with ths loss payable as afuessid; er+d in tM evMt any sum of money becomes paysW~ unde~ wd+ policy o~ policias said MORTGAGEE shall hsw ~he option to reteive and apply the same on accouM of the indabted- neu seturtd hxeby o~ M permit ssid MORTGAGORS fo teoeiw and us~ it or any part thereof iw ofher purposes, withovt thereb~ waivi~~g or impair- iny any equiry, lie~ ot right unde? w by virtue of this mortgsge; and in the event sacd MORTGAGORS shall fa a~y reason Fai) to keep the said premises ao insured, w fail to deliver pramptly +ny of said policies of insurance to said MORTGAGEE, a fail {uomptly to pay fully any premivm therefot u in any respect fail to p~?form, dixharge, execute, ef(ect, compkte, comply with ~nd abids by this cove~ant, w any psrt hereof, said MORTGAGEE may place +nd pay fo~ such inwranct w any Wrf thereof without waivi~p a sffetting any optio~, Ikn.~ eqvity, w right vnder w by viAw of this Mortgage, ~~d the full amo~M of each and evcry such paymeot thall be immediately dw and psyabls aod shall be~r interesl from ths date thereof until paid at the rate ol nine per centum per annum and together with :uch imerar shall be secured by the I'ien of this mortgsge. 1. To pe?mit, commit w suffer no waste, impairmenf w deter'arotion of said properry w~ny part thereaf. . 5. To pay sll and singulu the costs, tharges and expenses, including a reasooable attorney i fee and costs of abstracts of title, i~tvrred w paid st , any time by said +V10RTGAGfE, becauss w in tl+e event of the failure on the pan of Ihe said MORTGAGOR to duly, promptly snd fully perform, diuMr9q, exaute, effecf, complets, comply with snd abide by each and every the stip~rlations, agreements, conditions, and rnvenants of said promissory ~ote and thii mwtgage any or ei?her, and said costs, charges and expenses, each and every, shal! be immediately due and payable; whNher or not there be notice d~ mand, attempt fo tolkct or svit pending; a~d the full amount of e~ch and every suth paymeM shall ~ear interest from the date fF+ereof ~~til paid at the rate of nine per centum per annum; and all said tosb, tharges and expenses inturred or paid, together with such iMerest, shall be setureti by the lien of thiu ~9~- 6. Thai in the event of any breach of this Mortgape or defavll on the part of the MORTGAGOR, or (b) in the event any of said :ums of money herein referred to be not promptly and fully paid within thirty (30) days ~ex1 after the same severatty become due and payable, witFaut demand a ewtice, or (c) in the evcnt each and every the stipulations, agreements, conditions a~d covenants of sa~d promissory nota a~d th~s mortgage any or either are o01 ~uly, promptly and fully perfwmed, dixharged, executed, effected, completed, complied with and abided by, then i~ e7lher or any such eveM the said sp~ gregatt sum mentaned in said promiuwy note then remaining vnpaid, with iNerest accrued, a~d a~l moneys sec~red hereby, shall become due and pay- able fathwith, or thereafta, at the option of said MORTGAGEE, ss fully and completely as if all of the said sums of money were wiginally s~ipulated to be paid on such day, anything in said promisswy note or in this Mortgage to the co~trary notwithstanding; and thereupon w thereafter st the option of said MORTGAGEE, without notice or demaad, suit at law or in equity, therefote a thereaiter begun, may be prosecuted a~ if all moneys setured hereby had matured pnw 1o its ir?stitution. 7. That in the event thaf at the beginning of or at any time pending any wit upon this Mwtgage, or to fo~eclose it, w to refwm it, or fo enforce payment of any tlaims he+eunder, ssid MORTGAGEE shall spply fo the Courl having jurisdictiori thereof for the appointmenT of a Receiver, such Court shsll Fwthwith appoint a receiver of said mortgaged prooerty all snd singvlar, includ~ng all and singular the income, protits, iuues and revenves from whatever wurce derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically ut fath snd dewibed in the granting a~d habendum clauses hereof, arxl such Receiver shall have all the broad and effective fvnctions and powers in a~ywise erltrusted by a Court to s Reteiver, end such appointment shall be made by such Court as an admined equity and a matter of absolute right to said MORiGAGEE, and without referente to the adequacy w inadequacy of the val~e of the property mortgaged or to the solvency or insolvency of said MORTGAGOR a the defendants, and that tuch rents, profin, income, issues and revenves shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practica of suth Court. 8. To duly, promptly and fully perfom+, discharge, execute, effect, complete, cor~ply w~th and abide by each and avery the stipulatiorn, sgreements, condiYans and covenami in said promis~ry note and this mortgage ut fwth. 9. That in the eveM the owncnhip of the mwtgaged premises, a any part thereof, becomes vested in a person other fhan the MORTGAGOR, the MORTC,AGEE, its successas end auigns, msy, without notice to the MORTGAOR, deal with such successw w successw in inte~est with reference to this mortgsge and the debt hereby secured in the same manner as with Mortgagw ~ivit ~yf1' any way vitiating w diuharging the Mortgagors' liability here- under w upon the debt hereby secured. No sale of the premixs he~eby mortgaged and no forbearance o~ the paA of the MORTGAGEE or its successon or auigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEf or its svccessors or assigns, ahall operate to release, discharge, modify change ~a ~fiect the wiginal liability of the MORTGA60R herein, either in whole w in part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligaYron hereunder or of the obligation se- cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrume~t secured herby. ~ 11. In addition to the forego:ng monthly payments of p?inc:pal and interest required by the promissory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monthly payment an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annual tost of the follow- k irtg: r. i A-All real property taxrs levied w assessed against the above described real estate_ B-Premiu~ns on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts sitvate on ihe above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from fime to time deem fif to carry on the loan secured hereby. Mortgagee shall from time to time notify mo?tgagor in writing of the amount due and payable herevnder and such sum shall thereupon be d~e snd payabfe on rhe dve date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amo~nt. $uth sums shall be applied by mortgagee toward the paymeM of real property faxes, inzurance em:ums, snd mortgage guaranty insurente 'i premivms. I IN WITNE55 WHEREOF, the said MORTGAGOR has herevnto xt his hand and seal the day.and fi af ~ ' ned, S aled and de ' ered ' +e presence of: ~ ~ ~ L aq ~ • • a~ ~ n ~ ~ n - (Seal ) STATE OF FLORIDA St. Lucie courm oF ~ ' ey a,nd ~arolyn A. $ailey hi~ wife; and ~Richard G. ~fa~ „R ~------~~y S* bins and Patrics.a L. Stebbins, h~s wife; and Stevhen A. y~ M1S~iCs .jr• and Frances C. Misik, his wife, to me well known and krawn to me to be the individuab described in and ho e vted he eg~y ~~struy~/ and I~ orfi,~{ ~t the~~ ~u~~j the fherei~ expressed. And fhe sai ' ~~S 11 • f .II~.~~~~~-na`~~~C. '~~'t~~lll3 , latid ~B~Ii~~ ~~k ~ wife of the ~~d Stephen A. Misik, Jr. ~ pon a upuate ~nd privat~ examination by me taken separote and apaA from her said husbsnd, acknowledged to and befwe me that she exetuted said inittument freely and voiur~- tarily and without any compulsion, cautraint, apprehension, fear of or from !xr said husband. WITNE55 my hsnd and official seal thi~ 13 day of A. D. 19.5~~ • ~ ~ ~ . . ~ L1~ ~ . Notary Public in and for the State of Flp?ida'~Lir~.. My Commission eapires: /2 ~3 ' ` r " Return Ta ~ ~ ' ~ ` V ~ ~ ~ First Federsl sa~~?~s a~oa~ /~ss«iat~ F~LED AND RECORDED ~y _ Of Fort P~e~ce. $T. LUCIE COUNTY. FLa. - = -1 ~ _ _ For; Pierce, Florida n r G' F t F 0 ~ - ~ r~ ; .~~~1~~ . _ , Fr 3 pM 9 : y5 ~ , ~G; - This Instrument Prepared By E$ ~ ~ ~ / ' . ~ First Federal Savings 8 loan Association G~l~ ' of Fort Pierce apiTR~S Checked ey J. Collins F~ C1RCUlT COURT • . ; BOOK P~CE~veJ~r t , ? ~ ~ ~ ~ cf t