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To plac~ and conHnuously ke~p on th~ buildinys now w he~eaft~r utwte on uid land ~~d on sll equipmeM ~nd peraonally covered by this mat~ ap~, with ~II pramiwns the~ea+ p~~d in full, fire insuranc~ in the uiual siaodard policy fam, in a ium approved by the MORiGAGEE, and wind~tam i~wsnc~ i~ tFa uiwl atandard policy fam, in a sum approved by ~F~e MORTGAGEE, ie+ such company w companies as the MORTGAGEE may dinclJ u~d ~II tir~ ~nd wi~dstwm i~svranu policies on ~ny of said buildi~ps, any i~terest therein o~ p+?t Ihereof, ia the a99rep~te fum afo~etsid or In ~zcea therwf, sMll cont~in tM uswl st~ndard mortgagN dause w such other clause +s the Mor~yages may req~ir~. makinp the lou unde~ sa~d poli~ cia, eath and e~ery. p+yable to ssid MORTGAGEE as ib interett may ~ppear, and each and every such policy ~hall b~ pranpH'y au:y~cd and delivered ro any h~W by aid MORTGAGEE as tur~her ucurity to isid mortgs9e debt, and, ool leu than ten (10) days in advance of the expirstion of each policy, to da IivN to said MORTGAGEE a renewal tFxreof, topelhN with a receipt fw the prcmium oi such renewal; a~d Ihere ihall lx no fi~e o~ windstam insurance plicad on ~ny of said buildinys, ~ny interett IF~ein w put thereof, unleu in t!x form and with the loss payable as afaesaid; and in the event any sum of moi?ey becomes payable under such poliey a policies s+~d MORTGAGEE shall have the option Io receive and apply the same on account of the indebted- neu ietur~d he?eEy w to pe~mit s+id INORTGAGORS to rKeive and us~ it a any part thereof for othcr purposes. wiihout th~reb/ waiving o~ unpair• inp u~y puity, lien or right under or by vi?tue ot this mo:tys9e; ~~d in 1M event said MORT(',AGORS shall fa any reason fail to keep the said premisei so inwred, w fail M deliver pramptly any of said policies of inwrance ro said MORTGAGEE, w fail promptly to pay fully sny premium therefor ot in any rospett fail b pKfwrty diicMrge, executs, effect, complete, comply wirh and ~bids by this mvenant, or sny part hereof, said MORTGAGEE may place and pay iw such lnturanc~ or ~ny put thereof without waivinp or affactinp ~ny option, lien, equity, o? ri9M unda w by virtw of thii Mafgags, and the full amount of e+ch and ewry wch paymeM s1wII be immediately due and payable and shall b~ar interest f~om ths date thereof until paid ~t the rate of nine per centum pe~ ~nnum and to;~ether with such inreresr shall be secured by the lien of this mortgage. I. To permit, aommit or suffer no waite, impa'ument or deter'aration of said property w any part thereof, 5. To p~y all and dr+pular the costs, chuges uid expenses, irxludirg a rcason~bk sttwney's fee and costi of abstrads of title, incurred w psid at a~y time by said MORTGAGEE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fvlly pe~fwm, d~uharge. •xccute, effect, complete, comply with and ab~de by each and every the stipulations, sgrecments, conditions, and covenants of said promissory note and this mprtysye any or ei~he~, and said costs. cMrges and expenses, each and every. shall be immediately due and payable: whether w rat there be norice do- m~nd, attempl to collett w suit pending; u~d the full amounf of esch and every svch paymeM shall bear interest from the date thereof until psid et thc rate of nir~e per ccntum per annum; and all aaid costs, chargq and expenses inturred or paid, together w~th suth interest, shall be secured by the lien of thi~ mortysp~• . Q 7'hat (a) in the event of ~ny bresch of fhis Nbrtgsge a deiault on the part of the MORTGAGOR, w(b) in the event any of seid sums of money herein referred ~o be not promptly and fully paid within thirry (30) days oext after the same severally become due and payable, wi~hoW demand w notice, or in the evcnt each aod every the stip~fations, agreements, conditions and covenanb of sa:d ~romiuory note and th~s mortgage any a either ~re nol ~uly, promptly and fulty perfwmed, dixharged, executed, effected, completed, compGed with and abided Sy, then in e~ther w any such eve~t the said ag pregate wm me~ttaned in said promissory note then remaining unpaid, with imerest accrued, and all moneys secured hereby. shall become due and pay- •ble fathwith, or thereafter, ~t the option of said MORTGAGEE, as fully and complately as ii all of the said sums of money were orginally stipulated Io be paid on such day, anything in saEd prom~ssory note w in this Mortgage to the contrary r?otwi~hstanding; and thereupon w thereafte~ at the option of taid AWRTGACaEE, without ~otice w ckmand, suit af law w in equity, thertfore w thereafter begun, may be prosecuted as if all moneys secured hereby had tn~tured prior to its institution. 7. That in fhe event that at the beginning of or at any time pending any wit upon this Mortgage, or to foreclose it, or to reform it, or to enforce paymenf of any claims hereunde~, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment of a Receiver, such Court shall forthwith sppoint a reteive? of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, i1 being expressly unde~stood, is hereby mortgaged as if speciiically xt forth and destribed in the granting and hsbendwn clauses hereof, and such Receiver shall Mve sll the b~oad and effective funct~ons and powers in anywise mtrusted by a Court ro a Receive~, and •uch appointment shall be made by such Courf as an ad~nitted equity and a matter of absolute right to said MORiGAGEE, and without re(erence to the adequacy a inadequaty of the valus of the p~operty mwtgaged or ro the sotvency or insolvency of said MORTGAGOR or the defendants, and that such rent~, profits, uxome, iu~es and revenues shall be apptied by such Receive~ according to the lien or equity of said MORTGAGEE snd the practice of such Courf. 8. To duly, promptly s~d fvlly perform, discha?ge, execute, effect, mmplete, comply with snd ~bide by each and every the stipulations, agreements, condiYa~s and covenants in said promissory note and this mortgage set fonh. 9. That in the ev~nt the owrKnhip of the mortgaged premises, w any part thereof, becomd vested in a person other than the MORTGAGOR, ths MORTGAGEE, in successars and sssigns, may, without notice to the MORTGAOR, deal wirh such wcceuor or successor in interest with reference to this mprtgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiatirsg or distharging the Mortgagori liability hcrr under or upon the debt hereby secured. No sale of the premises hereby mwtgaged and no fo~bearance on the pa?t of the MORiGAGEE or its successors or auigns and no extension of the time fw the paymeM of the debt hereby secured given by tF~e MORTGAGE' or its succeuors o? auigns, shall operate ro release, d~sthar9e, modify change or affect the original liability of the MORTGAGOR herein, either in wFale or in part. 10. It is specifically agreed that timc is of the e:xnce of this co~tract and that no waiver of any obl~gation hereunder or of the oblgaYwn se- ared hereby aMlt at a~y time therea~ be held to be a waiver of the trrms hereof or of the instrwnem secured herby. ' 11. In addition to the forego:ng mo~thly payments of princ'pal a~d interest required by the promcssory note secured hereby, mortgsgor covenants and agrees to pay to mortgagee with each monthly payment-an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- irg: A-All real properfy taxes levied or assessed against the above described real estate. B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premius. C-P~emiums.on such mortgage guaranty insurance as mortgagee shall from time to time deem fit fo carry on 1Fx loan setured hereby. Mortgsgee shall from time to time notify mortgagor in writirg oi the amount due a~d payabte hereundrr and such sum shall thereupon be dve and payable on the due date of the next monthly payment and each successive month thereafier ur.til mortgagee shall notify mortgagor of a change in such amount. S~ch s~ms shall be applied by gagee toward the payment of teal property taxes, insvrante prem:vms, and mortgage guaranty insurance premiuma. IN WITNE55 WHEREOF, the said RTGAGOR hss hereunto set his hand and seal the day and yea f $ip~ed, a delivered esente of: ~ ary 6! . Procton ~a1) ness f P y s l0.nn Procton an ~ Seaq STATE OF ~mac NSW YiORK SS. COUNTY OF ~/pP~ Albert W. Procton ,,,d ~f~ ~~'111saAI1A pf~CtOA - his wift, to me well known snd known fo me to be the individwb described i~ and who executed the foregoing instrument, and ackrawledged before me that they execvted the same for the purposes rn~«~+ e~.~d. a~d t~ .~~d Phyllis Ann Procton wife of tt~e ~id ~~Yt W• ~1'OCtOn vpon s sepaate and priwte exKnityYan by me taken separsle and aparf from her s+id h~?sband, adcnowtedged ro and befwe me that sFK exec~ said instrumant frNty and volun~ br'dy and withovt any compulsia~, constraint, apprehensi r feu of w from FKr said husba~d. •%~~V~I~'NESS:A1y.M~d and official sesl thi day of A. D. 19~_ v~ • ~ ' . ~ L~ i _ • Not ublic in f the S te of i{arida af tarpe ' . My c«~,~~«, e~~.~: New York ~w s ' ~t RetCca• Ta ' ~ ~ ISI?VIU H. STORPER Rrst Feds.al ~rtn~,pr '3 tosn Auociat~on ~ARY PUBLIC. State of ' f Of~ Pbrt P~erce. (Vey? w~! ~ No. 30•33b5625 jort•pitrce. Flwida Qwl~fed in Naisau Counfti _ ~'•`'~•~~.••i-t~ ~IOW~011 ~1 ~ _ fEf MACh ' i' J : ) ~ . 1 ~ ' FILEO AND RECORDED~ 4 This Instrument Prepared By J. D. Chastain ST. LUCIE COUNTY, FI.A. First Federal Savings b loan Association of Fort Pierce ~ Flotids ~'FCOr~~; V~riIFIED ~ 181053 che`~`~a B'' ~'69 JUL 25 AN I I: 5 ~ . ~ : f ~ ~OOK~ 18 PAGE~~7~c ; , ~ ~OGER POITF ~ ~ CLERK CIRCUIT ~~RT, . ~ ~ . - - ~ = K 'r,;- ~ , e - ~ ~ ~ ~'-m ~ v~=:,^~'~ ~ _ ~ `~~i; ~ _ - - . ~ w' _