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To place and continuously keep on the buildings now or hereafter situate on said land and on all equipment and personally covered by this mort¢ age, with all premiums thereon paid in full, fire insurance in the usual standard policy form, in a sum approved by the MORTGAGEE, and windstorm insurance In the usual standard policy form, in a sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may diradt and all fire and windsrorm insuronp policies on any of said buildirgs, any interest therein or part thereof, in the aggregate sum aforesaid a in exceu thereof, shall contain the usual atandard mortgages clause a such other clause as the Mortgagee may require, making the lou under said poli• etas, 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 further security to said mortgage debt, and, not Ieu than ten (10) days in advance of the expiration of each policy, to de- liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be rto fire or windstorm insurance placed on any of said buildings, any interest therein or part thereof, unlcu in the form and with the lou payable as aforesaid; and in the even) any sum of money becomes payable under such policy a policies said MORTGAGEE shall have the option to receive and apply the same on account of Me indebted neu secured hereby or ro permit said MORTGAGORS to receive and use it a any part thereof for other purposes, without thareb~ waivi~tg or impair- ing any equity, lien or right under or by virtue of this mortgage; and in the event said MORTGAGORS shall for any reason fail fo keep the said premises so insured, or fail ro deliver promptly any of said policies of insurance to said MORTGAGEE, a fail promptly to pay fully any premium therefor or in any respect fail ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, or arty part hereof, said MORTGAGEE may place and pay for such insurance or any part thereof without waiving or offattirg any option, lien, equity, or right under or 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 anrwm and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit a suffer no waste, impairment a deteriorat'wn of said property or any pan thereof. S. To pay all and singular the cosri, charges and expenses, irsdudirtg a reasonable attorney's fee and vests of abstracts of title, incurred or paid at eny time by said MORTGAGEE, because or in the event of the failure on the pan 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 or not there be notice do- mend, attempt to collect or wit pending; erect the full amount of each and every such payment shall bear interest from the date thereof until paid et the rate of nine per centum per anrwm; and all said costs, charges and expenses incurred a paid, together with such interest, shall be secured by the lien of this mortgage. rT. That (a) in the event of any breach of this Mortgage or default on the pan of the MORTGAGOR, or (b) in the event any of said sums 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 notice, or (tor in the event each and every the stipulations, agreements, conditions and covenants of said promiuory note and this mortgage any a either are not duly, promptly end fully performed, diuharged, executed, effected, completed, complied with and abided 5y, then in either or any such event the said ag- gregate vein mentioned in said promissory note then remaining unpaid, with iroerest accrued, and all moneys secured bereb~, 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 paid on such day, anything in said promiuory-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 a thereafter begun, may be prosecuted as if all moneys secured hereby had matured prwr to its instiwtion. 7. That in the event that at the beginning of a at any time pending any suit upon this Mortgage, a to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged progeny all and singular, including all and sirgular the income, profits, iuves and revenues from whatever source derived, each and every of which, it being expreuly understood, is hereby mortgaged as if specifically set forth and desuibed in tht granting and hatxndvm clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by s 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 sohenty or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receives according 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, conditions 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 tfre MORTGAGOR, the MORTGAGEE, its succeuon and auigns, may, without notice to the MORTGAOR, deal with such succesoor 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 o- dixharging the Mortgago:s' liability Isere• under or upon the cZebt hereby secured. No sale of the premiers hereby mortgaged arnf no forbearance on the pan of the MORTGAGEE a its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, 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- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In addition to the foregoing monthly payments of print pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 112 of the annual cost of the follow- ~ng: A-All real property taxes levied or assessed against the above dexribed real e•.tate. B-Premiums on fire and windstorm insurance az herein required to be carried on the improveme:tts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time 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 end payable on 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 sF.all be applied by mort ee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN W17NESS HER he sa' TGAGOR has hereunto set his hand and seal the day and year first aforesaid. ' ned, ever of: ~L~~ ~ p tn@ F 1111 C a C 1116 a~ • Seal W @ f1 Bvel G. Schalaa Seaq 'STATE OF~pgptt , pBNNSYLVANIA couhlTY of Flefore me peraortally appeared Franklin C. Schauer and Bvelyn G. Schallm, his wife, e1r. IwrNife, to me well known end known to me to be the lndividuala desuibed in and who executed the foregoing instrument, end acknowledged before me that they executed the same for the purposes therein expressed. And the said BV@ly-n G• $ehaum wife of the said Franklin C a SChaum upon a separate and private examinaYwn by me taken separate and apart from her said husband, sckrtowled to and before me that she xecuted said instrument freely and volun- tarily :nd without any compulsion, constraint, appre i on, or feu of or f acid husband. WITNESS my hand and official seal thi day of _ '1 1 A D. 19 69 First Federal Fort Pierce, Florida Return Tor. Savings a Loan Of Fort Pierce. Ndlary Public in and for . I LE D A N M'I1R~'CtaRi9'E Ocpires: ~. LUCiE COUNTY. FL:•. Association : i : (` 't ~, f ~ l C i E: r.. This Instrument Prepared By James. D. First Federal Savings b loan Association of Fort Pierce, Florida 181216 '~9 t"'' 3 Ph! !~ 4 9 Chastain ~ '~ ~-n c~ i O~TFt.S CLERK C RC:!tT COURT Checked By aoRa~ 1~ ~ ' ~~ e calq of ~a~at large ~~ I ~3 RNs n a y/w+.a aft ~ ~hlau` , ~r. ~.. fi,t/f~ Irk ~ Tore • , :~lS 3 •`~~~ r P~