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To plop and continuously keep on the bvi!dingf now or hereafter situate on said land and on all equipment and personally covered by this morfg• age, with all premiums thereon paid in full, Tire insurance in the usual standard policy form, in s sum approved by the MORTGAGEE, and windstorm inwrance in the uswl standard policy form, in a sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may direct; 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 exceu thereof, shall contain the usual standard mortgagee clause or such other clause as the Mortgagee may rcquiro,_making the loss under said poli- ttes, each and every, payable to said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly ass greed and delivered to any held by said MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the expiration of each policy, to de• live to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there siwll be no fire or windstorm insurance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event 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 irsdebted- rsess secured hereby or to permit said MORTGAGORS to receive and use it or any parr thereof for other purposes, without th_raur waiving er tmpair- irtg any equity, lien or right under or by virtue of this rr:o: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 Hof said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay fa such insurance or any part thereof without waiving or affecting any option, lien, equity, w right under a by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of nine per centum per annum and together with wch interest shah be secured by the lien of this mortgage. !. To permit, commit or suffer no waste, impairment or deterioration of said prcperty or any part thereof. 5. To pay all and singular the costs, chargea and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because a in the event of the failure ort the part of the said MORTGAGOR to duly, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and every the stipulations, 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 immediately due and payable; whether or not there be notice de• mend, attempt to collect or suit periling; and the full amount of each and every such payment shall bea• interest from the date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of this mortgage. d. That (a) in the event of any breach of this Mortgage or default on tFr_ part of the A'.ORTGAGOR, or (b) in the event any of sstd sums of money herein referred to be not promptly and fully paid within thirty (301 days next after the sane severa'ty become due and payable, without demand or notice, o- (c) 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, diuha-ged, executed, effected, completed, complied with and abided Sy, then in either a any such event the said ag• gregate wm mentioned in said promissory rate then remaining v.~paid, with interest accrued, and all moneys 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 the said sums of money were originally stipulated to be Pa'd on such day, anything in said promissory note a in this Alortgage to the convary norwithstandux); and thereupon or thereafter at the option of said MORTGAGEE, without notice or clamored, 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 any claims hereunder, said MORTGAGEE shall apply to the Court having ryrisdiction thereot for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged prootvty all and singular, including all erect singular the income, profits, issues and revenues from whatever source derived, each end every of which, it being expressly understood, is hereby mortgaged as if specifically set forth end desuibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in anywise entrusted 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 or inadequacy of the value of the poperty mortgaged or to the so~vency or insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, issues and revenues shall be applied 6y such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the rrartgaged premises, or any part thereof, becomes veated in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, 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 vitsating or diuharging the Mortgagors' liability here- under orupon the debt hereby secured. No sale of the premises hereby moregaged and no forbearance on the part of the MORTGAGEE or its successors or auigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGES or its successors or assigns, shall operate to 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- cwed hereby shalt at any time thereafter be held to be a waiver of the terms hereof o. of the instrument secured herby. 11. In addition to the foregoing monthly paymwtts of princ pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payr.ient an addirional sum estin,ared by mortgagee to be equal to 1,. 12 of tfie annual cost of the follow- ing: - A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein required to be carried en the im;irovements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from tame to tune deem fit to carry on the ban 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 ort the due date of the next monthly payment and each successive month thereafter until mortgagee 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 MO TGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sign Baled and el' i y presence of: ~ ~_ ~ (Sean (Sean ,~r-.. ~ a 1 (Seal) (seen STATE OF FLORIDA CouNn of S t . Lucie fiefore me personally appeared. Elbert H . Alma B . Hill his wife, to me well known and known to me to be the individuals desuibed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the sa'~ Alma B . Hit 1 wife of the said Elbert H. H111 upon to separate and private examinat"ron by me taken separate and apart from her said husband, acknowledged to and before me that she executed said,•in~KynettY ~reel*'end. volun• tarily and without any compulsion, constraint, apprehension, or ear of or from her said husband. = • . • ~ ••' ~ • • ~ ~' •.: ~~_ ~~ WITNE55 my hand and official seal this zt~L r day of 1u1 ` •• -~ A. ,O.'-~~ ~g • -~ ~- ~ ~ . -•-, Notary Public in and for the s(ate•df f~ida~/at large ' My Commisiron expires: ~~~~ Return To: r ~ ~ _ First Federal savings ii loan Associafan FILED AND RECORDE-b- •_ - • • • of Fort Pierce. ST, LUCIE COUNTY. FLA. • `~ i `~ \' Fort Pierce, Florida I{c-CORD' V~nl=1FD • 181131 This Instrument Prepared By RiclTard n. Keyes ~~9 ~~~~ 28 ~ ~~' ZD First Federal Savings b loan Association `.~~~7 ~oz.Q~` of Fort Pierce, Florida ~' tc?~? i'OITRAS Checked By ~ CLERK CIRCUIT COURT BOOK ~ / 9 PAGE 24 _~a ~ - } 55. Hill and ~.,., ~ -S ~ .,''~