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To place and continuously kcep on tM bu~ldinys now or F»reafter tituat~ on sa~d lu~d s~d on all equipment and penonally covered by thii mort9- e~e, with all {xemiuma thereon ps~d in full, tire insurance in the usual s~andard po~icy fwm, ii+ a tum approved by the MORiGAGEE. ~nd windsto~m ~nsurante i~ ths uswl t~andard policy fart4 in • sum approved by tFw MORTGAGEE, in such company or cort+panies as ~he MORiGACsEE may d~rectt ~nd all firs and w~ndsrorm insu.a~ra policies on any of sa~d build~nps, any intc?est thKein w part thereof, in ~M aggreqate s~m ~foresaid o~ ~+c~ in txtets thereof, sMil ca+tai~ Ihe uavsl itandard mor~gagee ciause or such othe~ daute +s ths Mortya9ee may reqwre, makin~ the loss unde~ sa~d poli- c:e~, exh and evay, payab~e ~o said MORTGAGEE as in in~erest nwy appea~. and each and eve~y sucfi po+icy shall be promptly au:9ned and delivered to any held by said MORTGAGEE as (u~ther security to said matpage dab1, and, ~ot leu than ten ~101 days in advance o( the expiration of e+ch policy, to d~- I~ve+ 1o tsid MORTGAGEE a renewal thereoF, toye~ha with a receipt fw the premium ot such renewal; and thers shall be ~o fire or w~ndsto~m i~aur~ncs placed on any of said bvildings, eny interest therein o~ part tF~ercof, unless in the form and with the toss payable as afwesaid; ~nd in 1F+e eveM any ium of nwney becorr.es payable vnde+ such potiq a policies said MORTGAGEE shall have ~he opt~on to receive and apply the same or? acco~nt o( the indebted- ness secured haeby o~ ~o permit said MORTGAGORS to receive and uu it or sny part Ihereof fw other purposes, wilhout th:reb~ waiving w~mpa~r- ing any equity, lien w right under or by virtus of this mo:'gage; ~nd in the eve~t w~d MORTGAGORS shall for any reason fail to keep the sa~d premisrt so insured, o~ fail to deliver promptly a~y of said polities of i~surante to sa~d MORTGAGEE, o~ fail promptly fo pay lutly any pre~n~um therefw w in any respect fail to perfwm, discharge, execute, eifec?, complete, comply with snd ab3de by this covenant, a any part htreof, said MORTGAGEE may place •nd pay fM such insura~ce or a~y part thereof without waivinp or affecting sny option, tirn, equity, a right unda a by virtw o~ this Mortgags, ~nd the full amount of each and e.ery auch payment slwlt be immed'+ately due and payable and shai{ bear interest irom the date ~hereof until paid at the rate ot n~ne pe? centum per a~num and to~ether with such interest shall be secured by the lien of thi~ mortgsge. 1. To permit, commit ot suffer no waste, impairment or deterioration of said property w ~ny pa?t thereof. S. To pay ~II and singular the costa, charges ~nd expenses, including a reasonable atiorney i fee and costs of a5stracls of title, incurred or paid at any time by said MORTGAGfE, because or in the cve~t of the fa~lure on fhe part oi fhe said MORTGAGOR to duly, promptly and fu11y perfwm, d~uharge, exetute, effect, complete, comply v4ith and ab:de by each and every the st~pulat~ons, a9reemenfs, cond~tions, and covenants of sa~d prom~ssory note and this ~ ~:iortgage any ot either, and said cosb, tharges and expe+~ses, each and every, shail be immrdiately due and payabte; whether w not there be no~~ce dr mand, attempt to collect or suit pend~ng; and the ful! amount of eath and eve.y such payrnznt shall bear interest from ~he date thereof until paid ~t the r~te of nine per crntum prr am~u:n; and all said costs, charges and ex~enses incurred w paid, ~ogether w~th such interesl, shall be secured by the lien of this mortgsge• 6. Thst (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not prwnptly and fully paid within th~rty (301 days next aft~r the same sevrra!ly become due and payable, withou~ demand or no~ice, cr (c) in the eveN each and every the stipulations, agreements, corditia~s and covenants of sa.d promissory note and th:s m.ortgage any w e~ther are not ~uly, promptly and fully performed, d~scha~ged, eaecuted, effecred, compteted, compl~ed w~th and ab~ded 5y, then in e~~her or any sutl~ event the sald ag gregate sum mentioned in aaid pro~nissory note then remaining unpa~d, with inte~est accrued, and a~I moneys secured hereby, shall become due and pay- ~ able forthwith, w thereafter, at the opt~on of said MORTGAGEE, as fully and complete~y as if atl of the sa~d sums of money were o~ginally stiput~ted ~ to be paid on such d~y, anything in sa.d promisso~y note w in this Mwtgage to the conrrary notwithstanding; and thereupon or thereafter at the opt~on of ~ sa:d MORTGAGEE, w'rthouf no~ke o: demand, wit a1 law w in equity, therefore or Ihereatfer begun, may be prosecuted as if all moneys secured hertby nad matured pnw~o ~ts institution. 7. That in the event that at the begi~ning of w at any time pendi~g any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall app~y to the Court having jurisd•ct~on thereof for the appo~ntment of a Receiver, such Court shall fo:thwith appoint a ~eceive~ of sa~d mortgaged (srooerty all and singular, includ~ng aIl and singu~ar the ~ncon:e, prol~ts, issues and revenues from whateve? seurce de~~~ed, each artd every of wh~ch, it being expressly unders~ood, is hereby mortgaged as if spec~ficafly set fwth and described in Ihe granting and habendum clavses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in any~n~se entrusted by a Cou~t to a Receiver, and s~ch appointme~~t shall be made by such Court as a~ ad~nitted equity and a matter of absolute r~ght to said MOR7GAGEE, and without reierence to the ? edequacy w~nadequacy of the value of the praperty mortgaged ot to the so+vency or ~nsoiventy of said MORiGAGUR w the defe~~dants, and that such rcniS, proi:ts, inco~ne, issves and revenues shall be app;ied by such Receiver accord~ng Io the lien or equ~ty of said MORTGAGEE and the practice of such Court. S. To dutY, prompt!y and fully perform, discharge, execute, effect, complete, coinply with and abide by each and every the stipufations, agreements, conditions and covenams ~n smd promissory note and th~s mortgage se~ fwth. 9. That in the event the ownersh~p of the mortgaged premises, w any p01rt therebf, becomes vested in a person other than the MORTGAGOR, the 410RTGAGEE, its s~ccessora and assig~s, may, without notice to the MORTGAQR,'deal with :vch successor or successor in interest with reference to this ~ n,ortgage and the d_bT herehy secured in the same manner as with Alortgagor w~thout in any way vit:ating or d~scharg~rg the Mortgagors' liability hera ` under a upon the debt hereu~r secvred. No sale of the premises hereby mo~tgaged and no forbea+ance on Ihe part of the N10RTGAGEE w its sucteswn or assigns and no exte~s~on of the time fw the payment of the debt hereby secured given by the 1JlORTGAGE~ or its :uccessors a au~gna, shall operate ~o re!ease, d~scharge, modify change or affect the original liab~l~ty of 1l~e MORTGAGOR herein, either in whole or in part. 10_ It is spec~ficalfy agreed that time is of the essence of this contract and that no waiver of any ob!~gat~on hereunder or of the obligatan sr cvred hereby shatt at any time ~hereafter be held to ~e a waiver of the terms hereof or of the instrument secured herby. j 11. In add.tlc~ to ine iorego ng moMh!y paymems of princ'pal and interes~ reguired by the prom'.ssory no!e secured he~eby, mortgagor tovenants ~ 3r.o ayrees to pa~ to mo-rgagee v~ith each raonth!y payr.:ent an add~~ional sum es!:~~ated by mortgagee to be equaf to 1~ 12 of the annual cost of the fol{ow- ing: A-All rea~ property taxes levied or assessed against the above described real estate. B-Pr~r.~ums on fire and wlndstocm insu~ance as here~n requ:red to be carried on the im;;rovaments rtuate on the above described premises_ C-Pierniums o~~uch ~*:ortcage guaranty insurar,ce as mortgagee shall fro-*: ?~me to t~me deem fit to ca~ry on the loan secured hereby. ~ Mortgagee sha!I !rom ~~:ne to time notify mortgagor ~o writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due snd cayable on the due date of the next monthty paymem and each successive moMh thereaft±r ur.til mortgagee shall noti(y mortgagor of a change in such ' a~~ount Such sums sF~:i be appiied by mortga~ee toward the paymem of rea! property taxes, insurance prem:ums, a~x! m age guaranty irtsurance premiums. ; IN WITPJES:: 'NHEFE~~~ she said MORTGAGOR has herevnto set his hand and seal the day and fint afore ' f s~9~a, Sea!ed a~d d~~~~e~ea ~h~ ~.~x~~ or: F~ED AND RECORDED~ ~ ' ST. LUCIE COUNTY. FLA. er +n e {:~,C(1Rr t'~.~ctFIEQ seaq s~ ~ ~ - i'79~33 ~ ~ ~ ~ SiATE OF~9~ImC MICHIGAN '69 JU~ 27 w'~ O~ ' L u S@ • ra @ ~ a ~ ~ i ~ ~ ~JZ ~ couNn oF ~ -""i 01T :.S ~ Before me personally appearcd ~R31 ~h C~_~G.~.~-~_ and ~ Louise M• S a~ his wife, to me well known and known to me to be ~ the individua:s described in and who executed the foregoing inslrumeM, and acknowtedged before me that they execWed the sartx for the purposes rherein exprased. And the said Louise M. Shrader ~ Ral h Shrader wife of the said p upon ~ sepa+ste snd priwt~ ~ e,caminatwn by me taken separate and apart from her said husband, atkrawledged to and before me that she exetuted said iastrurnent fi~ely and vo~urr k ~ ~arily and w~thout any tompulsion, constraint, apprehe~sion, or ar of w from her uid husband. ~ WITNE55 my hand and officiat seal thi• ~3 day of ~r ~ fl, 19 69 $ - ' ~ ,f ~ ~ _ FILEO AND R `''=y'•'~~-~~-- ' ~ ST. LUCIE COUNTY, FL114 ~Y Public and for ~he. o~ ICI~QGAN ` ~ pc~O~D ~J~RI~~ED M„ mmits' ea ~«s: ~.~y,~;,.~y~. a.. : r: ~ a~,~.~ ro: ~ ~ ~ . ~ ~ ~ ^ / ~ fint federol Savings 6 loan Assotiation ~ c~~ 49 J: ~ ~ Of Fort P:erte o~ ' ~ ~~9 JJt~! I 1 PM I2 ' ~ . ~ Fprt Pierce, florida • Z •P r ~ i~~ - , • '.i`'r'. . ' s ~ ~ «o:,~ f o'7P,AS ~ , . 5 ~ " . ' ' - . ; This Instrument Prepared By CLERK CiRCU1T COURT. . ~ First Federal Savings 8 Loan Association , f ~ " of Fort Pierce • ~ ~ • ~ Checked By .J > ; *~Q ~ ` K ~aoK 178 1346 ~ ~ ~~78 e~ 640 ~ ~ . i ~ ~ _ _ ~ { - ~ ~~f3~~~~s_~.-f~,..' ~"Y?"~ ~ ..~w. A__Ea~-.-~. ~ _ ~r k~^.z~~~?Y:~-..s-'~