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To puce and contlnvously keep on the buildings now or hereafter situate on said land and on all equipment and personally covered by this mortg• age, with all premiums thereon paid in full, fire insurance in tha usual standard policy form, in s sum approved by the MORTGAGEE, and windstorm Insurance in the uswl standard policy form, in a sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may direetj and all fire and windstorm insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or In excess thereof, shalt contain the usual standard mortgagee clause or such other clause as the Mortgagee may require, making the loss under said poli- cies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly ass geed and delivered to any Isald by said MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the expiration of each polity, to do liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or windstorm insurance placed on any of said buildings, any interest therein a part thereof, unless in the form and with the loss payable as aforesaid; and in the even) any sum of money becomes payable under such policy or policies said MORTGAGEE shall have the option to receive and apply the same on account of the irulebted- tssss secured hereby a ro permit said MORTGAGORS to receive sad use H a any part the:.wf for o:r:er purposes, .vithout th_rroy waiving er unpau- irg any puny, lien or right under or by v'utw of this mo:tgage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said .MORTGAGEE, or fail promptly to pay fully any premium therefor or in any rasped fail to perform, dixharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place sad pay for such insurance or any part thereof without waiving a affecting any option, lien, equity, or right under a by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due artd payable and shall bear interest from the date thereof until paid at the rate of nine per centum per annum and together with ouch interest shall be secured by the lien of this mortgage. t. To permit, commit or suffer no waste, impairment a deterioration of said property or any part thereof. 5. To pay all sad singular the costs, charges and expenses, incltxling a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or in tlx event of the failure on the part of the said MORTGAGOR to duty, pranptly and fully perform, discharge. execute, effect, complete, comply with and abide by each and every the sGpul;; ions, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and said costs, charges and expenses, each and every, shall be immedtately due and payable; whether o- not there be notice de- mand, attempt to tolled or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per centum per anrturn; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of this mortgage. 6. Tfsat (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, o- (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty l30) days next afr•~r the same severalty beco+ne due and payable, without demand or notice, or (~ in the event each and every the stipulations, agreements, conditions and covenants of sa.d promissory note and this mortgage any or either are not duly, promptly and fully performed, dixftarged, executed, effected, completed, compiled with and ab,ded 5y, then in either or any such event the said ag• gregate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and a;l ,Honeys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of flte said sums of money were originally stipulated fo be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of say claims hereurxler, said MORTGAGEE shalt apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, including ail and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is F.ereby n,orrgagei as if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct.ons and powers in anywise emrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy a inadequacy of the value of the property mortgaged or to the so.vency or inso~1ency of said MORTGAGOR or the defendants, and that such rents, profiri, income, issues and revenues shall be applied by such Receiver accord,ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, condit'rorts and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, iri successors and assigns, may, without notice to the VtOR:GAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors liability hero under a upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the /i!ORIGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEc_ or its successors or assigns, altall operate fo release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the forego'ng monthly payments of princ'pai and interest required by the promisscry Hole secured hereby, mortgagor covenants and agrees to pay to moagagee with each monthly payr,tent an additional sum estimated by mortgagee to be equal to 1;' 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agaiosf tftr above described real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the imrrovements situate on the above described premises. C-Premiums on such mortgage guaranty irsurar,ce as mortgagee shall from tame to tine deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until rriartgagre shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a ea` - fiy~t a esaid Sealed deli in the presence of: 't~•.'Js/// aq ~~'z (Sesq f5es1) STATE OF FLORIDA St. Lucie ~~ couNTY of Before me personally appeared Ted B . BASS and i+iargaret A. I3a5s his v ife, to me well known and known to rite to be the individwb described in and who executed the foregoing instrument, arsd acknowledged before me that they executed the same for the purposes therein expressed. And the said Margaret A. Bass wife of the said Ted B . BASS upon a separate and private examinaYron by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument -freely and volun- tarily and without any compulsion, constraint, apprehension~-y fear of or from her said husband. WITNESS my hand and official seal this ~l/ ~ day of `7~ A. D. 19 fJ9 Notary P tc in and for the 5 to of Fi9rids at largs My Com fission expires: ~ /9 7 Return To: first Federal Savings ~ Loan Association ``~~,t,';~1 fi11t~~~ t_. ~IOIafT 1?ublit, SUte of F{p~ ~t Large Of Fort Pierce. ` l~_ . - ~ ~ : •• ~i -~~~, /'i • 1971 ° Expire;w9• b ONi (t ~y fort Pierce, Florida ~. ~\~ ~ , ~` ~i ~ {o ~d :• ~_ `'' '~~"' LUCIE COUNTY. FLA. s? ~= ~. ~~ . ~ECORC: V~RI~IEi) This Instrument Prepared By Thomas A. ai~a.'se~l ~ L•~ - = 181130 First Federal Savings & Loan Association - ~ ~• ~ • ~ ~~ - of Fort Pierce , Florida ~-~ =. •• ' ~~•. 4 2~ ~ 10 ; 20 f+69 ~~~ d B /` k ~'~ ~ . . ~~:~~ y r e Chec I ~. , , . - CLERK CIRCUIT COURT. • ~+ _ BOOK 179 PAGE ~ -' `' f - _ 4 .~ -_ ~ ..2 ~~ 1