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To play and continuously keep on tM buildings now a Mreafier aTtwte on said land and on all equipment and personally covered by this nary' age, with all prarnivms thereon paid in full, fin atsuronce in tM uswl standard policy form, in a sum approved by thewMORT ~GE~R ~~~ nMY inswance M tM uswl standard policy farm, in a sum approved by tM MORTGAGEE, in such ownpar-y a canPa^ direil~ and all fire and windstorm insurance policies on any of said buildings, any Interest therein or part thereof, in tM aggregate wm aforeaaJ a In expss thereof, sMll contain tM trawl standard mortgagee douse or such other clause as tM Mortgagee may require, making tM loss under aid pd} ties, each and awry, payable to said MORTGAGEE as its interest may appear, and each and awry such polity sMll be promptly assigned and delivered to my Mb by said MORTGAGEE as further secwity to said mortgage debt. and, not leu than ten (10) days in advance of tM expiratan of each policy, ro de• liver ro said MORTGAGEE • renewal thereof, togetMr with • receipt for tM premiwn of such renewal; and there shall be no f'ue or windstorm inwrance plead on any of wid buildings, any interest therein or part thereof, unless in 1M form and with tM loss payable as aforesaid: and in tM event any sum of money becomes payable under such policy a pdiciea said MORTGAGEE shall Mw tM optan to receive and apply tM same on account of tM Indebted• nets secured hereby or ro permit said MORTGAGORS ro receive and use it or any part thereof for other purposeb without thereby waiving or impair- ing any equity. lien or right vader or by virtue of this mortgage: and in tM event said MORTGAGORS shall for any reason fail ro keep tM aid premises so insured a fail ro deliver promptly any of said polities of asswana to said MORTGAGEE. a fail promptly ro pay fully any premium therefor or in any rasped fail to perforay d'iscMrge, exeate` effect. complete, comply with and abide by this twvenant, or any part Mreof, Bald MORTGAGEE may place and full amount of each and awry sudt psymentMSMlI be aunr~nsdiattly d ~a pyabk and sMfluibe r tntegest from tM date thereoffw-ttil paethe~ tot nine per ar-tum par anrwm and together with such interest shall be secured by the lien of this mortgage. ~. To pemtit, commit or wffer rso waste, irnpa'umsnt or deterioration of said property or any part thereof. S. To pay aN and singular tM coats, charges and expanses, including a reasonable attorney's fee and cosri of abstracts of title. marred or paid at eny tune by said MORTGAGEE, harass a in tM event of tM faitwe on tM part of tM said MORTGAGOR ro duty, prompty acct fully perform, discMrge, execute, effect, complete. cw+PlY with and abide by each and wery tM stipulations, agreemenri, conditions, and wvenanri of said promissory note and this mortgage any or either, and said costs, charges and expenses, each and wery. sMll be immediately dw and payable: whether or not there be notice de• m:red, attempt ro collect or wit perdirsg; and the full amount of each and every such payment sMll bear interest from tM date thereof until paid at tM rate of nine per centum per annum; and all said costs, cMrges and expenses incorrect or Pad, together with such interest, sMll be secwed by tM lien of this 6. That (a) in tM event of any breach of this Mortgage a default on the part of the MORTGAGOR, a (b) in tM evert any of said awns of money herein roferred to be not promptly acct fully paid within thirty (30) days next after tM same severally become due and payable, without demand a notice, or (ra h tM event each and every tM stipulatons, agreemanri, conditions and covenanri of said promissory note and this mortgage any or either aro not duly, promptly and fully performed, discharged, executed, affected. tompletad complied with and abided by, then in either or any such event tM said ag• gregate sum mentioned in aid promissory rate then rensainirg unpaid, with interest accrued, and all moneys secured Mreby, sMll become due and Pay able forthwith, a thereafter, at tM option of aid MORTGAGEE, ss fully and completely as if all of tM aid sums of mosey were originally stipulated to be paid on such day, anythag in said promissory note or in this Mortgage ro tM contrary notwithstanding; and thereupon or thereafter at tM option of said MORTGAGEE, without notice or demand, wit at law or in equity, thereforo or therwficr begun, may be; prosecuted as if all moneys seared hereby had matured pray ro its institution. 7. Tltet in tM event that at tM beginning of or at any time pending any wit upon this Mortgage, or ro foreclose it, a ro reform it, or ro enforce psymeM of arty daims hereunder, aid MORTGAGEE shall apply to tM Court Mving iwisdiction thereof for tM appointment of a Receiver, such Court sMll forthwith appoint a receiver of aid mortgaged property all and singular, includug all and singular tM income, profiri, issues and revenues from whatever sourp der'~ved, each and awry of which, it beirsg expressly understood, is hereby mortgaged as if specifically set forth and described in tM granting and habendurn davses hereof, and wch Receiver shall Mw all the broad and effective functions and powers in anywise entrusted by a Court ro a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right ro aid MORTGAGEE, and without referersa ro tM adequacy or inadequacy of tM value of tM property mortgaged or to tM sotrency .a insolvengr of aid MORTGAGOR or tM defendants, and that such rents, profiri, income, issues and revenues shall be applied by such Receiver actordirg to tM lien or equity of aid MORTGAGEE and tM practice of such Court. f). To duly. promptly and fvly perform. dixharge, execute, effect, complete, comply with and abide by each and every tM stipuations, agreements, conditions and oovenanri in aid promissory rate and this mortgage set forth. 9. That in 1M event tM ownership of tM mortgaged premises, or any part thereof, becomes vested in a person otMr than iM MORTGAGOR, tM MORTGAGEE, its wccessors and asaigro, may, without notice to tM MORTGAOR, deal with such successor or successor in interest with refersna to the mortgage and tM debt hereby seared in the erne manner as with Mortgagor without in any way vitiatirsg a discharging 1M Mortgagors' 1'ubility Mre- under or upon the debt hereby seared. tdo ale of tM premises hereby mortgaged and no forbearance on tM part of tM MORTGAGEE or iri successors or assigm and no extension of tM time for tM payment of tM debt hereby secured given by tM MORTGAGEE or iri successors or assigns, sMll operate ro release, disclsarge, modify cMnge or affect tM original liability of tM MORTGAGOR hereiq, eHher in whole or in part. 10. It is specifically agreed that time is of tM essence of this contrail and that ra waiver of any oblgatan hereunder or of tM obligatan se- cured Mreby sMll at any lane thereafter be Mld to be a waiver of tM terms hereof or of tM instrwnent seared herby. 11. In addition to the forega:ng monthly paymenri of print pal and interest required by tM promissory note secured Mreby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an sdditionsl sum estimated by mortgagee to be equal to 1/12 of the annual cost of tM follow- ing: A-All real property taxes levied or assessed against the above desuibed real estate. fi-Premiums on fi.q and windstorm insurance as herein required ro be carried on the improvements situate on tM above desuibed premises. C-Premiums on wch mortgage gwrsnry auwance as mortgagee shall from time to time deem fit ro carry on tM loan seared Mreby. Mortgagee shall from time to time notify mortgagor in writing of tM amount due and payable hereunder and such wm shall thereupon be due acct payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in wch amount. Such sums shall be applied by mortgagee toward tM payment of real yroperty taxes, insurance premiums, and mortgage guaranty insurance nremi„me_ nto set Isis hand and seal tM day ansl year first aforeaid. - .- a0 n ~ z as _ z son r_tin STATE OF aSSACHtxS ~~ ~ ~ COUNTY OF before tree personally appearod Roy Ga A, Pett@ZSOn -and Mizia= Se Pettezson his wife, to mt well known and known ro me ro b. the adividuab desvibed in and who axsaled tM foregoing I~lrwgent, anti acknovrte~ed before me that they executed tM erne for tM pwpwes therein expressed. And tM si i"~ao ez son wife of tM aid Roy Ga A. Pettezson upon ,,.parole and privaa examasatan by me taken separate and apart from her aid husband, aduswvledged ro and beforo me tMt sM exewted said irtstrvmsnt .freely and vohrn• tariy and witlsout any compulsion, coratraint, appr , or fear of a from her aid hyf y ~ WRNESS my hand acct nfficial awl day ~ J /. ``~ ~~ //./ A. D. 19 , Retwn To•. Fast federal Savings IC Loan Association Of fort Pierce. Fort Piero, Florida My t~~ t~ti~n Y _ . ~ ~~ _ . t~~ Gtr` ..s ~ %~ ~_ - : , -r ...~ .. ... This Instrument Prepared By John W. Collins First Federal Savings b Loan Association • of Fort Pierce ~ Florida p g ~ ~ aooK ~ l9 Pace 634 - ~ -- ~,