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To plate and continuously keep on the buildings now or hereaftx situate on said Isnd and on all equipment and personally covered by this mortg• pe, with all premiums thereon paid in full, fire insurance in the usual standard policy form, in • sum approved by t)-e MORTGAGEE, and windstorm inwtance in the uswl standard policy form, in a sum approved by the MORTGAGEE, in such company or companies u the MORTGAGEE may ditedt and all fire and windstorm insurance policies on any of said buildings, any interest therein or part (hereof, fn the aggregate sum aforesaid a in excess thereof, shall contain the usual standard mortgagee clause a such other clause as the Mortgagee may requ;n, making the loss undo said poll~ ciq, each and every, payable to 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 Tess than ten (10) days in advance of the expiration of each policy, to de• IivN to said MORTGAGEE a renewal thereof, together with a receipt for the premium of sucl- renewal; and there shall be rto fue 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 tM event any wm of money becomes payable unrk- such policy a Policies said MORTGAGEE shall have the option to receive and apply the same on account of the indebted- ness secured hereby or ro permit said MORTGAGORS to receive and use it or any part thereof for other pwposes, without tharrb~ waivi~tg a impair- ing any equity, lien w right under or by virtue of this mor:gage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises so Insured, or fail W deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly fo 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 iratrrancs or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Matgpe, 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 such interest shall be secured by the lien of this mortgage. 4. To permit, t:orrtmit or suffer no waste, impairment a deterioration of said property a any part thereof. S. To pay all and singular the costs, dtarges and expenses, including a ressonsble attorney i fee and costs of abstracts of title, incurred or paid at any Yrms by said MORTGAGEE, because a 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 mortgagt any d 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 wit 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 cenium per arutum; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part 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 (~ in fhe event each and every the stipulations, agreements, conditions and covenants of said promissory note sect this mortgage any a either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then in either a any such event the said aQ gregate wm mentioned in said promissory note then remaining unpaid, 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 paid on such day, anything in -said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon a 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 irutitution. 7. TMt 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 whateve- source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and desuibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective functions 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, sect without reference to the adequacy or inadequacy of the value of the property mortgaged or to the sowency or insolvency of said MORTGAGOR or the defendants, and tftat such rents, profiri, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, preemenri, 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 s 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 vit;ating 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 assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE 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 a of the obligation se- cured hereby shalt at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add;tion 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 addirional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~~` - 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 ort the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to tune 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 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 inwrance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Sealed and ive- the presence of: '~"'' aq n n STATE OF FLORIDA couNnr of ST . LtJC IB Before me _ ~ 55. J. Bltlwod Swyers - .nd fmZg-aset R. $wy@ZS his wife, to me well known and known to me to be the individwb described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the sa' iilalryar@t R. Sflryt2rfs wife of the said J. Blti100 StiF}/@!f3 upon a separate and privets examination 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, spprehensias, or fear of a from her said husband. Jul A. D. 192 WITNESS my hand and official seal this ~ A 4 day of r _ Notary Public in and for the State of Florida at Large My Commission expires: Return To: '" ~f i, . first Federal Savings ii loan Association . `~` ~ ~Z 1 rt,~,'ai ~ ~ Of Fort Pierce. ~ ~ ~ ~ ~ °' ~. fort Pierce, Florida ,' ~~ _ ~/ ~'~ _ `, (l, •, Z This Instrument Prepared By JDt» :~ ° ~Ai • - _ First Federal Savings Er Loan Associati6n ~ •.• l±: ~ ' : , of Fort Pierce , Flozid ~~;'••~~~••''~• .,, -'.~.,. Checked By 800K ~79 PACE 355 man Ilotsry PY~K, ~tt Of Flotidit it 1ai9e i~iY Co~taussiofl Elcp'Ires ~• 23,1969 eauaN h Aim Frw l n;neaMr t:a- RtLEp AND RECOR©Ep! ST, LUCIE COUN'Py-~}-~T RECORD VERIFIED '69 AUG ysaljy~3 - 9 : 38 ROGCr~ POITRAS ~ ~ CLERK CIRCUIT COl1RT~ ~., - ----~ ~, , ;-