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T ~ L . ? . t . w- ~ To plac~ and conti~uously keep on tFw buitdinps now a hereaftK uw~t~ o~ s+id lae~d and on all equipment ~nd p~non~lly cova~d by this monp~ p~. with all pr~mium~ Iherwn paid in full, fin iniu~ancs in th~ usual standard policy fwm, in a sum approv~d by the MORiGAGEE. ~nd wi~torm inswaKe in tM ~swl s~anda~d pol~cy fam, i~ a wm ~pp+oved by fhe MORTGAGEE, in such company w comP+nies u ~M MORTGAGEE msy dincti a~+t! ~II fU~ and windstorn? insurano~ policies on any of said bwid~np:. ~ny inte~s~t the~eir+ w put t!?s~sof, ln tM a~re~ate sw++ ~fort~aW a M ucc~ss thenof, shall contain tM uwsl uandard matgage~ clws~ or such o~F~ ciws~ as ~M Mwtpay~e may requu~. maAinp ~he loa unda said poli~ cies, ssch and ~v~ry. paYabl~ to said MOItTGAGEE as ib interat may app~a~. and eacl+ a~d ~vay such policy aMll b~ promp~ly ~u:yned and d~tivKed ~o u?y hsld by said MORTGAGEE as fvrthe~ seturiry to ssid mat~age deb1, and, not kst than te~ (10) days in sdvance of tM expi~~tion of ~ach policy, to dr tiv~? to ssid MORiGAGEE ~ ~enewal therwf, ~opstM~ with • rece~pt fw the prem7vm of :uch renewal; aod ~hen shsll be no fire or windsrwm inwr~nc~ placed on ~ny of said buildi~gs, sny i~~eresl therein or part tMreof, vnleu in tM twm and with tM loss payabk as ~fores+idt ~nd in th~ ~vMt +ny avm of mor»y bccwn~s pay~ble u~ wch policy a polici~s s+id MORTGAGEE shall Mw ~hs optcon ro~eceire and apply ~he iirtlf Of1 KCW~11 Of ~M indebted~ n~u secvred he~eby a b permit s~id MORTGAGORS to ?etaiw ~nd us~ it p any parf ihereof tor othcr purposes, wi~hout thereb/ waiving o~ uop+ir• inp ~ny puity, lie~ w?ight under or by virt~e of this morlpage; ~nd in tM ~ven1 s+id MORTCaAGORS shafl fa any reason fail M keep Ihe said pr~miass so intured, a f~il b delivet promptly any of said polities of ins~rante ro said MORTGAGEE, w fail promptly to p+y fulty any premivm the~efa w ln a~Y ~esp~ct f~il b p~rforen, dischu9e, execute, effect, complete, compty with ~nd abid~ by th;s cove~ant, a ~ny part haeof, iaid MORTGAGEE may plac~ ard paY fa such i~w~ar~ or any p+rt thereof without waivin~ w affectinp aoy optioo, lien, eq~rity. o? ~ight unde~ a by virtue of this Mwt9apt. and tM full smovnt of each end ~wry such payment sh~ll be immediately due ar+d paysbk and shall bear i~terest from ths date thereof until paid ~1 tM rat~ of nine pe~ ce+~wm p~r annum and to~ethe~ wi?h tuch interest sFwll be secv~e~ by tM lien of this mort~age. 1. To permit, commit o? wff~r ra waste, imp+ument or deteriwation of tsid property w ~ny part thereof. S. To pay all a~d dnpulu the cosb, cha~yes and expenses. ~ncluding a re~sonable attorney's fee and costs of abstrads of title, incurred or p+id N any time by wid MORiGAGEE, betavse or ie the event of 1M failum on the part of 1M said MORTGAGOR to duly, promptly and fully perform, diuFw~~ execvt~, ~ffect, complae, comply with and ~b+de by ~ach and every the stipulat~ons, agreements, conditiau, and oovensnts of said promissory oote and this mortyape any w either, a~d said cost~ chu~es and expenses, each and every, shall bt immediately due and payable; whNhcr or not tF~e~e be notice ds mand, ~ttempt M colkct or suit pending; s~+d the full art~o~nt of esch end evc?y such paymcnt thall bear interest from the date thereof until p~id at the rate of nins per tentum per ann~m; and all iaid cosb, chuges and expensea incvr~ed w paid, together w~th wch intere:t, shall be secwed by the lien of thq mort~~. 6. Th~t In the event of ~ny breach of this Mortgag~ or default on the paH of the MORTGAGOR, w(b) i~ the event any of satd swm of mawy i herein referred to be not promptly and folly psid within thirty (30) days next after ~he same :everally become due and payable, without demand w no~~te, ~ or (c) in the event each and every the sfipulations, agreemenri, conditia~s and covensnts of sa~d promisswy note and this mort9a9e any or either sr~ nol iuly, prompNy a~+d fully performed, discharged, executed, effected, completed, complied with and abided by, then in either w any such eveM ths s+id a~ , ~reg~te wm mentioned in said promissory note then remaining unpaid, with interest acuued, and all me~eys secured hereby, shall become dw snd pay~ ` able fo~thwith, a thercafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were aiginally stipulated ro be paid on such day, anything i~ aaid promissory note or in this Mortgage to the contrary notwithstanding; and therevpon w thereafte~ at tM op~ion of said MORTGAGEE, without norice or demand, wit at law d in equity, therefore a thereafter begvn, may be proseculed u if all n+oneys securad !w?eby had n+~twed prwr ~o in institution. ~ 7. That in the event thst at the beginning of ar at any time pe~dirg s~y suit upon this Mortgage, d to faeclose if, w fo refwm it, or fo enfwc~ payment of any cla~ms he.eu~der, said MORTGAGEE shalt apply to the Co~h having jurisd~aion ~hereof for the appoietmca~t of a Receiver, wch Co~rt sh+ll Forthwith appoint a rece~ver of said mwtgaged property all and sinyular, includ~ng a~l and singulst the income, pro(its, iswes and revenues from whatever ~ovrce de~ived, each and every of which, it being expressly understood, is F+ereby mortgaged as if speti(ically set fwth sr?d desuibed in the grantiny and habendum clauses hereof, and svch Receiver shall have all the broad and effecrive funcnons and powers in anywise entrusted by a Court to a RKNV!!. and such appointment shall be made by svch Court as an admitted equiry and a matter of absolute right to said MORTGAGEE, and withouT reference fo ths adeq~acy or insdequncy of the value of the property mortgayed or to the wwency or i~solvency of said MOATGAGOR w the def~ndanfs, and that such rents, profits, incorne, issues and revenues ihall be applied by such Receiver according to the lien or equiry of said 1hORTGAGEE a~d the practite of such ~ GouA. ~ 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and ab~de by each and every the stipulatan~„ ~greemenb, F conditans and covenants in said promiasory note and this mortgage set forth. ( 9. That in the event the awnenhip of the mwtgaged prcmixs, w any part thereof, becomes vested in a person othe~ than the MORTGAGOR, tha MORTGAGEE, its successors ~~d suigns, may, without notice to the MORTGAOR, deal with such successw o~ successor in interest with reference to ihis mortgage and the debt hereby setured in the same manner as with Mortgagw without in any way vitiating a d~scharging the Mortgagors' liability hero under w ~pon the dcbt hereby secured. No sale of the premixs hereby matgaged and oo fo?bearante on the part of tF?e AhORiGAGEE w its sutcessors or assigm and no exte~sion of the time for the paymem of the debt hereby secured given by the MORTGAGEf or its successors w auigns, shal) operate to release, dixharge, modify change or affect 1Fx original IiabJity of ~he MORTGAGOR herein, either in whole w in part.. 10. It is spedfically agreed thst time is of the esxnce of this contrad and that no waiver of any obligation hereunder or of the obligation tt cured hertby shall at any time thertafter be held to be a waiver of the terms hereof or of the instrumeM sec~red herby. 1l. In add:t;on to the iwego'ng rtwnthty payments of princ'pal and iNerest required by the p~omissory note secured hereby, mortgagor tovenanfs ° a~d sgrees to pay to mo:tgagee with each monthly payrnent an addi~ional sum estimated by morigagee to be equal fo 1/12 of the annua! tost of the follow- ;ng: A-All real property taxes levied w assessed against the above dexribed real estate_ B-Premiums a~ fire and windstorm insurance as Ixre~n requ~red to be carried o~ the improveme~ts situate on the above described premises. C-Premiums on such mongage g~aranty insurance as matgagee shall from time to time deem fit fo carry on the toan secured hereby. Mortgagee shall from t;me to time notify mortgagor i~ writing of the amount due and payable hereundrr and such sum shall thereupo~ be d~e and payable on the due date of the next monthiy payment and each successive montn thereafter ur.til mortgagee shall tify mortgago? of a change in wch amovM. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurarxe prem- and mort e guaranty irtwrance premiumf. ' N WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and scal the day and y ~Twesa" ~ ' ned, Sesled and de ivered in tfie presente of: I ~ f ~ n Q ts.a~ STATE OF FIORIDA 1 " COUNTY OF $ t• i' UC iQ i ~ sefore me perwn+lly sppearcd Larry L• MCIVQI ~r'~ f V~9@ S• ~I V@r his wife, to me well known and known to ms to b~ ~ i the individwb dew~bed in and who execwed ths fore~oinp instrument, and ecknow{edged before me that they executed the same fw th~ purposes F9 rhe.ei~, exaesxd. ,h„d ,he Vanae S. MeIver ~ wite of tF» .,d _ Larrv L. NCIV@Z vpon a sep~rate and privat~ ; e:~minat~on by me tske~ separate ~nd ap~rt from her said husband, acknowledged to and before me that she executed said irtstrument haely and vol~ir rarily ~rd wirhout ~iryr compvlsiw~, constraint, apprehanslon, o? feu of w from her said husbsnd. ~ WITNESS my hind aod officul seal thi~ ~~'Y~ day of Ma A. D. 19_~.. I ~ a.y Public in ~nd (w the St~a of Florida ~t Lup~ ~ . ~ . My Cort~masion expires: RHwn To: ' ~ `.~~.~!~~u~.~~~,~~ First F~de~sl Savinp~ 6 Loan Iusociation ti~~. ~ ~~°~i~ . ~ ~iV O~ ~01~ ~ ~ t , t 19b9 Of Fott Plerce. ' , • ~?~iI ' . Fo~t Pierce. Ftorida ` ~ ~,7 , ~ , . =.F1 ~a' = r~ ~ • _g; LUCIE COUNTY. _ . ~ : _s : ti '~~F r,..r.~ ~j: ~ . - 1`?~'?~~1. This Instrument Prepared By " ~ ,--3, ~ ~r . First Federal Savings ~ Loan Association ~C-~'• : ~5/ ° 5 • of Fort Pierce f•'~ ~ ~O ,~„~J 1`~ " . ~ ~ Checked B J. Collins .,:,.~.~i. Y , ~IT. r' ~l~RK C;~CUIT COURT ~177 ~ 58i ~ - ~ ~ r~- ~j ~f . : _ _ _ _ ~y_ ~--r::s~ ~ _ - - ° ~