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To plac~ and contin~ously kee~, on tM buildir?ys now a h~reaflar sltuate on said land and w+ all equipment and pe~sa+d~~Y covered by thii maf~- p~. wifh ~11 pr~mivm~ Ihereaf paid in (ull, fire iniu~ante in ths us~al s~andard polity form, in a sum approved by the MORTGAGEE, a~d winds~orm ieuwanct 1~ tM ~sual itandard {~q~+cy form, in • sum appro•+ed by the N1~RTGAGEE, in • such compa~y w companies as the MORTGAGEE may d'enctj u~d ~II fir~ a~d w~ndsrorm inw?ance po~ic~es on anY of said bu~ld,ngs, ~ny inieresl theitin or pa~t thereof, i~ the aggreg~~e s~n*~ afo~esaid w In ~xctss IMreof, thal) conuin Ihe wusl st~ndard mwtgagee clause w such othe~ clauu as the Mortgagee may ~eqv~re, making the lou under said polr ci~b tach and every, payable ro t~id MORTCaAGEE ~s ~t~ intcrest r~i's~ ~ppea~, aad each and every such policy shall be p~omptly au gned and delivered to ~ny held by s~id MORiGAGEE as iurthe~ security to ~aid ruatgage dlbt, and, not,tess Ihan ten (1W days in advance of Ihe eapiration of cach policy, to da liw~ fo s+id MC~RTGAGEE a renewal thereof, together with a rece~pt iw the premium oi such renewal; and there~shall be no fire o? windstorm insurance pt~ad on ~ny of taid buildir~s, any i~terett ~herein w part thereof, unless i~ iF~L~ torm and with tAe loss payable as afwesaid; and in the eveM any sum d mon~~r becort~es payabte ~nde~ svch policy or policies said MORTGAGEE shall hav~ the opt~on to rece~ve and apply the wme on ac~pv~t of ~he indebted- Mu acvred htreby or b permit said MORTGAGORS to receive and use it dr any part thereof tqry otixr purk~oses, wiiho~l thar~u~ ~vaiyiig or uupair- _ inp any pvity, lier~ or ri~ht undcv a by virtue of ehis mo::yage; ind'in Ihe event sa~d MORTGAGORS shall for any reason fail to kQep the said p~emisrs so ~ hwred, or (ail fo deliver promptly any of said policies of insurance to sa~d MORTGAGEE, w faii Rromptly to pay fuity any pre~nium therefor or in any napecl fail b pKfpm, diuharge, execute, e(fect, complete, ~omply wi~h and abide by ~h~s covertant,'a arty part hareof, said MORTGAGEE may place and pay (w s~ch irouranc~ w ~ny parl thereoi without waiving a af(eUing any opt:on, lien, Squ~ty, or r~ght undr~ ot by virtue of this Mortgage', and the full aaa~?nt of tath ~nd ev~ry suth paymerA shal~ be immed~ately due and payable and shall bear interest frow~ tha date thereof until paid at 1he rate ol, nine per cantum per annum and to~ether wieh such interest shali be srcured by the lien of this mortgage. ' . To p~tmit, tommit w suffer no wute, impairmenl or detcrioration of iaid propert~r or anjr part thereof.. . 5. To pay all and singvlsr the costs, charges ~nd expenses, ineluding a reasonable attwney's fee and costi of abstracts of title, incuu~d w paid st ~ny time by ssid MORTGAGEE, because a in the event of the failure on the part of the„ said MORTGAGOR to du~y, promplly and tully perfoam, d~xharge, ~xetvts, eif~d, complete, comp~y w~th and ab.de by eath and every the st~pulat~ons, agtee~»ents, conditions, and mvenants oF sa~d promisiory te and this mortyape ~ny w either, and said costs, charges and e:penses,.eatfe a~d every, shall be immediatety due and payable; whether w not there ,nouce dz m~nd, attempt to tolkcf w suit pending; snd the full amoont of ea~h and evrry such payment s~ali bear ihterest from the date thereof until id at the rate of nine per teotum per annum; and all said costs, charges and e:penses incurred or pa~d, together wyth such inte~nst; shall be secyred by the lien of thi~ mortya~• s - . Q Th~t (s) in the event of any Fxeach of this Mortgage o~ de(aulr on the part of the h1URTGAGOR, flr (bl in the event any of said sums d money herein referred to be not promptly and fully paid within thirty (301 days next aft•:r the same severa!ly betome.due and payable, without d4mand or notice, or in the event each and every the stipulations, agreements, cond~tions and covenants of sa:d promiswry•note and~ th~s mortgage any o~ eitF~er are ~ot ~u1y, promptly and fully performed, discharged, eaecuted, effected, compieted, complSed w~~h and ab~ded by, ~hen in eMhcr w any such event ~he said ag yreg~te wm mentioned in said promissory note then remaining unpa~d, with infere;~ accrued, and at~ moneys secured hereby, shall become ldue and day-= ' abk forthwith, a thereatter, at the option o( said MORTGAGEE, as fully and completely as if all of tl,e said sums of money were wiginally stipula~ed to be paid on s~th day, anything i~ said promisswy note w in this Mortgage to the conr.ary not.vithstanding; end thereupon ot therealter'at the option of faid MORTGAGEE, without nolice or demand, suit at law or in equity, theretore or thereafter begun, may be prosecuted as if ~!I rriongys secured hereby had mawred pr~w to +ts institution. ~ S ' ' 7. That in the event that at the beginning of or at any t7me pend~ng any su~t vpon this Mortgage, u to foreclose it, r to reform it, or to en(orce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ~urisd:ction thcreof (or the appo~~rme~ ~f a Receiver, such Cburt shail . fathwith ~ppoint s receiver of said morigaged property all and singuler, inciud~ng a~l and singular the income, prof~ts, is ~esY~and reven~es lrom whatever • tourp derived, eath and every of whrch, it being expressly understood, is hereby mertgac~ed as if spec~fica{ly set fwth ~nd des2ribed in'the grarui and habendwn tl~uses hereof, snd such Receiver shall have all ~he broad and effecrive func~,ons and powers in anyw~se entrusted by a Court to a Receive~ and •uch ~ppointment sha~l be made by such Court as an admitted equity and a ma~te~ of absofute r~ght to said MORTGAGfE, and without ~e(erente to the ~ adequsey ot insdequacy ol the valve of the property mortgaged or to the soive~cy or ~nsoivency of sa~d MORiGAGOR or the defendan~y~~nd that such rents, profits, iotome, iuues and revenues shall be apptied by such Receiver accord~ng to the tien m equity of saed MORTGAGEE he practice of such CouA. , , ~ 8. To duly, promptly and fulty perfwm, dtscharge, execute, effect, complete, tomp~y with and abide by each and every he stipulations, agreements, tonditions and cwenants in said promissory note and this mortgage s~t forfh. ' , 9. That in the event the ownership of tne mortgaged premises, or any part thereof, becomes vested in a perwn other tha RTG/{GOR, the , MORTGAGEE, its succeuors and auigns, may, without notice to the MORTGAOR, deal w~th s~ch successor or s~ccessor in interest with reierence to this ; morfgage and the debt hereby secured in the same manner as w~th ldortgagor without in any way vitiating ot d~stharging the Mortgagors' liability her~- • under or upon ?he debt hereby sec~red_ No sale of the ~remises hereby mo~tgaged and no fo.bearance on the part of the MORiGAGEE or its succ~sors or assigns and no extension of the time for the payment of the debt h~rcby secured give~ by the MORTGAGE'_ or its successws or auigns, s1ia11 ope~te to rekasq discharge, modify tharge w affect the original liab~lity of the !~•ORiGAGOR fie~ein, either in whole or in part. 10. It is specifically sgreed that time is of the essence of this cororact and that no waiver of any obligat~on hereunder or of the obligatiw~ se- tured hereby shafl at any fime thereafter be held to be a waiver of the te~ms hercof or of the instrument secured herby. ! 1. In addition to Ihe forego:nry monthly. paym~nts of princ pal and interest requ~red by the pro~n~ssory nore sec~red hereby, mortgagor covenams ,r and agrees to pay ro mortgagee with each moathly payo,ent an add~~ionai svm rsf•n,a~ed b~ mo:tyagee to be eq~al to 1,' 12 of the anoual cost of the followa ~ ing: i A-All real properfy taxes levied w aasessed against the above described real estate. B-Premiums o~ fire and windstorm insurar.ce as herein requ~red to be carr~ed on the improveme~ts s~tuate on the above described premises. C-Premiwns on such mortgage gwranry irtsurarce as mortgagee shall fram t~me to time deem fit to ca~ry on the ~oa~ secured hereby. Nbrtgagee shail from time to time notify mortgagor in writ~ng of the amou~t due tnd payable hereundar and wch sum shal~ thereupon be due and payable on the due date of the next monthly payment and each successive mo~th thereaft~r ur,fit mortgagee shall notify mortgagor of a change in such ~ amount. Such sums sF.all be applied by morigagee toward the payment of real property taxes, insu~ante prem:ums, a~xl mortgage guaranTy insurante ~ premiums IN W HE , t said MORTGAGOR has hereunto set his hand and seal the day and year first afore id. ed de ' r e of: . ~ ~ aq (Sesn (Seal) ~Seaq STATE OF FLORIDA ~ - ST. LUCIE ~ counmr oF Richard Edward Coffaan 6efore ms~ersonaIly appeared _ s?~d Phebe COttS~Ii~ a/k/a ~f0@b@ Coffaan h;: W;r~, totne well known and known to me to be the lndividwb described in and who exauted the foregoi instrument, acknowledged before me that they executed the same fw the purposes ex~~d. a?a rr~ ~~d Phebe Cof~~an, a/k~a Phoebe Coffman wife of the s+id Richasd Bdwasd Colf~an ~p~ a xp~rate and priv~te ex~m9nation by me taken stparate and apart from her said husband, atknowledged t d before me that she executed said instrument frcely and volun- fuily arK! without any compubion, constraint, apprehension, w r of or from sa' husbsnd. WITNESS my hand snd official teal this ~ day of 'Tuly A. D. 19 69 . . Notary Public in and w the State of Florida ~?Cirp~ , My Commiu'wn expires: ' J' Return Ta. ~ itt: • First F.d..~~ sa„~ngs a loa~, nu«~a~a~ ~~~ar tuR~r~~ s~a 4 fc~a•~~ ~F iilp.' - - _ Of fort Pierce. ~~N1M~ISSION fX?i!ES NQV, •3i~'_~~ Fort Pierce, flwida ~w~~ r~~~usM r w c~ w. o~ c s r! txo'~ ' r' - ~ F~~E~ AND RECOROED~ ~ • ST, LUCIE COUNTY. FLA. ~ RECORQ VER~FIED ~ _ This Instru 9nt P~epared By J. Chastain 1gsp5 First Federal Savin s b Loan Association 2 • of Fort Pierce ~ Flozida '69 JUL 25 AM I I: s9 - € ~ F Checked By ~ . y 6 ROGER POITRAS ~ ~ BOOK178 pGE~~~I~, / ~~T-COURT; ~ ~ - ~ ~ _ ~ ~ ~ ~ - . ~ ~ _ ~ ~~~ti z; ~ ~