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To play and continuarsly keep on the buildings raw a hereafter situate on said land and on all equipment and personally covered by this rttortg- age, with all psmivms thereon paid in full, firs insurance in the usual standard policy form, in • sum approved by the MORTGAGEE, •nd windstorm inswance In tM uswl standard policy form, in • sum approved by tlta MORTGAGEE, in such company or companies ss the MORTGAGEE may ditstfj and all fin and windstorm insurance policies on any of said buildings, any interest therein or part thereof, In the aggregate sum aforesaid a in excess thereof, shall contain the usual standard mortgagee clause a such other clause as the Mortgagee may requ'us, makirp the lou under said poli• cies, each sect every, payable ro said MORTGAGEE as in interest may appeu, and each and every such policy shall be promptly su:gned and delivered to any held by said MORTGAGEE as further security to said mortgage debt, and, not leu than ten (10) days in advance of tM expiratan of each policy, to dtr liver ro said MORTGAGEE s renewal thereof, together with a receipt for the premivrh of such renewal; and there shall be no fire or windstorm insurance placed on any of said buildings, any interest therein or part thereof, unleu in the form and with the bss payable as aforesaid; and in the even) any sum of nanny becomes payable under such policy a 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 o- any part thereof for other purposes, without thareb/ waiving or impair- ing any equity, litrt 01 right under or by virtw of this mortgage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises so insured, p fall 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 b perforrr4 discharge, execute, effect, complete, comply with and abido by this covenant, a any part hereof, said MORTGAGEE may place and pay for such inwrariu or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtw of this Mortgage, and the full amount of each sect every such paymast shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of nine pet csntum per annum erect together with such interest shall be secured by the lien of this nsortgage. 4. To permit, commit or suffer no wade, impairment or deterioration of said property or any part thereof. S. To pay all and sirgvlar the costs, charges and expenses, including a reasonable attorney i fee and costs of abstracts of title, incurred or paid at any tiros by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly erect fully perform, discharge, execu», effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenan» of said promissory note and this mortgage any a either, and said cos», charges and expenses, each and every, shall be ire„-iediately due and payable; whether or not there be notice dtr maod, attempt to collect or wit pending; and the full amount of each and every such payment shall bear interest from else date thereof until paid at the rate of nine per centum pa annum; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of thu mortgage. 0. That (a) fn 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 the event each and every the stipulations, agreements, conditions and coverants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then in either a any such evert the said ag- gregate wm ment'aned in said promissory note then remaining unpaid, with interest accrued, end all moneys secured hereby, shall become dw and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were originally stipulated to be paid on such day, anything in said promissory note a in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice a demand, wit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to i» irsstitutan. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having iwisdiction thereof for the appointment of a Receiver, such Court shall Forthwith appoint • receiver of said mortgaged property all and singular, inclixfing all and singular the income, profits, iuues 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 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, and Without tefererice to the edequsgr or inadequacy of the valor of the property mortgaged or to the sowency cr insolvency of said MORTGAGOR or the defendants, and that such rents, profi», income, iuws and revenues shall be applied by such Receiver according to the lien a 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, sgreemen», conditions and covenants in said promissory rate and this mortgage set forth. 9. TI»t in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, i» successors and assigns, may, without notice to the MORTGAOR, deal with such succeuor 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 hertr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance ore the part of the MORTGAGEE a its successon or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or soigne, shall operate to release, discharge, modify charge or affect the original liability of the MORTGAGOR herein, either in whole or in part. L0. 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 str cured hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrument secured herby. 1f. In addition to the foregoing monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenan» and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to I/12 of the annual cost of the follow- i ng: A-All rest 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 on the above desuibed premises. C-Premiums on such mortgage guaranty insurance az mortgagee shall from time to time 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 unit 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 insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sig Sealed 1' a in the presence of: r ~~ L~. ~tritJ'~ (Se+q • n .Dd~•c. ac. ~2j~,~/ rt..~ ~n STATE OF FLORIDA 1 S t . Lucie i} ss. couNTY of Before me personally a aced Jame S S MO r ice end Ida ?:ere iiorlce his wife, to me well krawn and known ro me to bs the individwls described in end who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said Ida rise DiOrlce wife of the said J~annc ~ Iliori ce upon a separate and ptivarp examinatan by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrvmprd freely erect v+ltwr- tarily and without any compulsion, constraint, spprehension,_ qT fear of or from her said husband. • • ~% ~ "' ' • `-' ~ .'~ ~. WITNESS my hand end official seal thin 7 ~ day of Ali ilSt ~ ~ /~ 4•. ~~~-~ ~/ ~ ~. _ ~. r ~ 1 `f i = Notary Public in and for the State-ot Fbajda;fit ~° My commission expires: / 2 - 3-.'7.~( •. t ~ ; Return To: ' First Federal Savings 3 Loan Associat'an - ..•. C'' ~` FIt~U ~N C4UN~Y pF A' _ Of Fort Pie/Ce. $T. LUCIE Fort Pierce, Florida Rc COF?t' VERIEtEO r Q 5~~ Q~ This Instrument Prepared By :2ichard K. Ka Aui7 ~S First Federal Savings err loan Association of Fort Pierce , Florida 7pt;FR ~QI?R~s Checked By ~ C~,EFtK C1RCUtT C~U~T~ gooK 179 PAS 697 ~ ~ f .~~;