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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 rrtortg- 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 o- companies as the MORTGAGEE may direct] and all firs end windstorm insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause a such other clause as the Mortgagee may require, making the loss under said poli- cies, esch and every, payable ro said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly au:gned and delivered to any held by said MORTGAGEE ss further security to said mortgage debt, and, not less 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 rte fire or windstorm insurance plst:ed on any of said buildings, sny 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 indebted- neu secured hereby a ro permit said MORTGAGORS to receive and use it w any part thereof for o:hcr purposes, without 1h_reby waiving or unpair- ing any equity, lien or right under or by virtue of this mortgage; and in the event said A10RTGAGORS shall for 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 therefor or in any respect fail ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, a sny part hereof, said MORTGAGEE may place and pay for such insurance or any part thereof without waiving a affecting any option, lien, equity, or right undo 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 a1 the rate of nir>L' per centum per annum and together with such interest shalt be secured by the lien of this mortgage. 1. To permit, commit or suffer rte waste, impairment or deterioration of said property or any part thereof. S. To pay all 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 or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effetl, 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 a not'there be notice de- martd, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from ttso date thereof untiN paid st the rate of nine ptrZemvm per annum; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lion of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on tlr part of the 11.ORTGAGOR, 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 alter the same severalty become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa;d promissory note and this mortgage any w either are not Tuly, promptly and fully performed, discharged, executed, effected, completed, cornpiied with and abided tiy, then in either or any such event the said ag- gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and ail moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said sums of money wore originally slipufated to 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, 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 property all and singular, including all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effecrive 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 adequsgr or inadequagr of the value of the property mortgaged or to the so:vency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien a equity of said MORTGAGEE and the practice of such Covrf. 8. To duly, promptly and fully perform, discharge, execute, ef(ed, complete, comply with and abide by each and every the stipulations, agreements, conditions and covena:.ts in said promissory note arx! 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, its successor 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 vitiating or discharging the Mortgagors' liability here- under orupon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assgns 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 obl'rgat'ton 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 additio:t to the foregoing monthly payments of princ pal and interest required by the promissory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addhional 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 against the above described .real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate ort the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time 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 on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a tAange 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 and y ar first aforesaid. rted, seal ~and~erect in the presence of>Fii~ED AND RECORDED (-b~ `~"~' ST. WCIE COUNTY, FLA. / ~ an ~~` Z;~~n \rE~?t't~Q (seen 18121x1 ~.-n STATE OF FLORIDA F~+u ~! i~- ~ ODPM ! ~ 4 9 ~_ ~` couNTY of St. Lucie rr~~ Before me personally appeared FA~itIlt IT 7rtd~• _ Mrwiiw to me well known and known to me to bs the individual! described in and who executed the foregoing instrument, and acknowledged before me that ~fsey executed the same for the purposes therein expressed. Ar>J ~rif~ e~F~iseawiel wf~+wePer~ •~~ 1~feRtiRdfletPb)+'1f0.`ttllRrrst!pa-atrendowt.6erMir.fwsbard,~aoMaawJadgarJl~+wd~fosorns.~afratahe.owawstaJ.aaid ~aatWmans.frasly~srd sn4r- rariir ~nd.wisiterra ~ayr,aerrfsulaiear tertatsawtfr, ~'preiwaiwr~sr~~ r.f. ar~irorw-ftoa.saiel iwt4rrJ. WITNESS my hand and official seal this ~~ AC~ day of~i'1 July-~~ A. D. 19~t~ Notary Pu My Com s, Return To: First Federal Savings b loan Association ~ ~ ~" ~ o r Of Fort Pierce. ~ ,~ `.~ Fprt Pierce, Florida ~• ~' This Instrument Pre axed B ~ P Y John w. Collittfs'; ~ _ First Federal Savings 8r loan Association ~ : ~ ;' -.' _ Florida ;~: '.'~`. f.._ •._ ~of Fort Pierce ~' •:4 o .. = ~•' ......••' ~'1 ~ ~~ Checked BY :~jt'ali~;1 " , in and for the ate of fbrida at La~/ n expires: - (. / y f~lcti:!'/ ~,.'~~c, :a._ et :-i;,<;t#a at trier ~r Comrr~isslotl Expires A:Ig. 6, i9~' iealaJ 6r An.11~a Eta 4 <~wr+r' r'•.. Box 179 ~~ ,~