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To place and continuously keep on the buildings now w hereafter situate on said land and on all equipment and personally covered by this mortg• pe, with all premiums thereon paid in full, fire insurance in tFte usual standard policy form, in a sum approved by the MORTGAGEE, and windstorm insurance In the uswl standard policy f«m, in a sum approved by she MORTGAGEE, in such company o. companies as tlsa MORTGAGEE may diradf and all fire and windstorm insurance policies on any of said build;ngs, any interest therein or part thereof, in the aggregate sum aforesaid of In exau thereof, shall contain the uswl standard m«tgagee clause or such other clause as the M«tgagee may require, making the loo under said poli- ties, each and every, payable ro said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly assigned and delivered to any held by said MORTGAGEE as furthe- security to said mortgage debt, and, not leu than ten (10) days in advance of the expiration of each policy, to ds• liver to said MORTGAGEE a renewal thereof, together with a receipt f« the premium of such renewal; and there shall be no fire « windst«m insurance plead on any of said buildings, any interest therein « part thereof, unless in the form and with the loss payable as af«esaid; 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 indebted neu secured hereby or ro permit said MORTGAGORS fo receive and use lit « any part thereof for other purposes, v+;thaut th:reb~ waiving or unpair- irq any equity, lien of right under « by virtue of this mo:tgage; and in the event said MORTGAGORS shall fqr any reason fail to keep the said premises so insured, or fail ro deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium theref« w in any respell fail ro per!«m, discharge, execute, affect, complete, comply with and abide by this covenant, « any part hereof, said MORTGAGEE may plan and pay for such Insurance « any part thereof without waiving or affecting any option, lien, equity, « right under « by virtue of this M«tgsge, and the full amount of each and entry such payment shall be immediately due and payable and shall bear interest from the date thereof until paid a1 1Fta rate of nine per centum per annum and together with such interest shall be secured by the lien of this mortgage. , 1. To permit, commit « suffer rw waste, impairrt+ent « deterioration of said property or any part thereof. 5. To pay ell and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because « in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, 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 « not there be notice de• mend, 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 annum; and all said costs, charges and expenses incurred « paid, together wrlh such interest, shall be secured by the lien of this mortgagt. rk That (a) in the event of any breach of this M«tgage or default on the part of the MORTGAGOR, « (b) in the event any of said soma of money herein referred to be not promptly and fully paid within Thirty (30) days next after the same severally become due and payable, without demand or twtice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa,d promissory note and th;s mortgage any « either are not duly, promptly and fully performed, discharged, executed, effected, completed, compiled with and abided 5y, then in either « any such event the said ag• gregste wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, o- thereafter, at the option of said MORTGAGEE, as fully and completely as if aH of the said sums of money were «ginally stipulated to be paid on such day, anything in said promiu«y note « in this Mortgage to the contrary notwithstand;ng; and thereupon « thereafter at the option of said MORTGAGEE, without notice « demand, suit at law « in equity, there!«e « thereafter begun, may be prosecuted ss if al!moneys secured hereby had matured poor to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, « to foreclose it, or to ref«m it, « to enf«a payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd;ction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said m«tgaged property all and singular, including all and singular rite income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec;ficalty set f«th 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 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 property mortgaged or to the so:vency « insolvency of said MORTGAGOR « the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receiver ace«d;ng 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 promiss«y note and this mortgage set f«th. 9. That in the event the ownership of the mortgaged premises, « any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its success«s and auigns, may, without rwtice to the MORTGAOR, deal with such success« « success« in interest with reference to this m«tgage acrd the debt hereby secured in the same manner as with mortgagor without in any way vit;ating « discharging the M«tgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE « its successors « auigrss and no extension of the time f« the payment of the debt hereby secured given by the MORTGAGEE or its success«s « auigns, shall operate ro release, discharge, modify change « affect the original Iiab;Iity 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 anj7 obligation hereunder « of the obligaYton se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof « of the instrument secured herby. 11. In additio:t to the forego'ng monthly payments of print'pal and interest required by the promissory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add;r;onal sum est;ntated by mortgagee to be equal to 1;' 12 of the annual cost of the follovv- ing: A-Alt real property taxes levied « assessed agai~ist the above described real estate. B-Premiums on fire and windst«m insurance as herein required to be carried en the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagEe shall from tame to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify m«tgagor in writ;ng of the amount due and payable hereunder and such sum shall (hereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until m«tgagee shall notify mortgag« of a change in such amount. Such sums shall be applied by m«tgagee toward the payment of real property taxes, insurance premiums, a~td m«tgage guaranty insurance premiums. ' IN WITNE HEREOF,7the said MORTGAGOR has hereunto set his hand and seal the day and year first of sail!:' ~ Signed, 5 d rsd ever resence of: . .ic •' n _ aA ~ r - ~_ tom. .(Saai}- STATE OF FLORIDA ) St. Lucie i} ss. couNTy of Before me personally appeared Annette Scharfschwerdt, the individwltl described in and who executed the f«egoing instrument, and Therein expressed Artd~he-sairt _ _~ ;, _~ ~ ~. . ~ ~. jtit w'db to me well known and lft acknowledged bef«e me that Sher executed the same s ITe ~, .... ~ ~~ r to me to be ttti Purposes w ifs. Yf -f he,-fllid v'Ow ~i iaparat~ a11d-Qtitwat~ arsarwiwatiwt-by~w~takars separate- and ~part_frnat.htc. sai~J-iwabartdra[hnawladr~ed~~ fwd-befaxe-ewe-abate sha.executed.ssid itWarwant fraaty_aod +rdutt~ tarilt- awd-witbttM awy~rwpuk'rtq .cortstrairrt. appse4a 'o loos vL or_fsoat.lw-sail itnsbawd WITNESS my hand and official seal thi day of _ -T~ ~ ,. ~ A. D. 19~ Notary public in and for the State of Florida at lugs ~ My Comm;uion expires: Return To: kOTA9Y F08LIC, STATE OF Fi0H10A AT LA6ts"F First Federal Savings 3 loan Auociation MY COMMMISS~IsCafN~EXPIr{ Of Fort P;erce. ~N~Ga7p/~V ~NORar Fors Pierce, Florida ST, LUCIE COUNTY, FLA. RECf)RC VERIFIED This Instrument Prepared By J. i). Chastain First Federal Savings & loan Association of Fort Pierce, Florida Checked By BOOK ~~9 PJICE A .Single Adult 181215 '69 JUC~Q30 PN 12' 49 ~` ~'~~ iiOGE~R ?pITRAS CLERK CIRCUIT COURT, :~ ' i