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To plea and continuously keep on the buildups now a fterNfter situaM on said land and on ell equipment and pertanally covered by this mort~ ape, with all premiums thereon paid in full, firs insuranct in the usual standard policy fwm, in a sum approved by the MORTGAGEE, and windstorm Inswarxe N tM vswl standard policy fwm, in a sum approved by the MORTGAGEE, in such company w companies as the MORTGAGEE may direct; and all fire and wiadstwm inswante policies on any of said buildings, any interest therein w part thereof, in the aggregate wm afwesa)d a to excess thereof, shall contain the wwl standard mortgagee clause w such other clause as the Mortgagee may require. rtu t npau reed and livered to cies, each end every. payable to said MORTGAGEE as in interest may appear, and each and every such policy shall be promp y g any htW by said MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance of tM expiration of each policy, ro de• liver ro said MORTGAGEE a renewal thereof. together with a receipt for the premium of such renewal; and there shall be no fire w windstorm inswance placed on any of said buildings, any interest therein w part thereof, unless in the form and with tM loss payable as afwesa)d; and in tM event any wm of rnortaY becomes p+Yable urtdar such policy or policies said 1Y(ORTGAGEE shall Mvs the option to receive and apply the same nn account of the irtdebted• ness secured hereby a ro permit said MORTGAGORS to reuive and use it w any part thereof for other purposes, without thsreb/ waivi•p w unpair- irtg any equity, lien w right under w by virtue of this mortgagor and in the event said MORTGAGORS shall iw any reason fail, to keep the said premises so inwred, w fait b deliver promptly any of said policies of insurance ro said MORTGAGEE, or fail promptly to pay fully any premium therefor w in any reaped fail b per(wrrb discharge, execute, effect, complete, comply with and abide by this covenant, w any part hereof, said MORTGAGEE n.ay plsq and pay fa suds inwrartce or any part thereof without waiving w affecting any option, lien, equity, w right under w by virtw 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 rats of nine per tentum per amum and together with such interest shall be secured by the lien of this mortgage. 1. To permit, commit a suffer no waste, impairment w deterioration of said property or any part thereof. 5. To pay all and singular the cosh, charges and expenses, includirsg a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any tins by said MORTGAGEE, becawe w in the event of the failure on the part of the said MORTGAGOR ro duly, promptly and fully perform, disthugR execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenanri of said promissory note and this mortgage any a either, and said costs, charges and expenses, each and every, shall be immediately due and payable: whether w not there be notice de~ mend, attempt ro tolled w 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 untum per annum; and all said corn, charges and expenses incurred w paid, together with such interest, shall bs secured by the lien of this rnorfgage. 6. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, w (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty i30) days next after the same severally become due and payable, without demand w noires, or (ra in the event each and every the stipulatiats, agreements, conditions and covenanri of said promissory note and this mortgage any w either are nW iuly, promptly and fully performed, dixharged, executed, effected, completed, complied with and abided 5y, then in either w any such event the said ag• gregate sum mentioned in said promissory rate then remaining unpaid, with interest accrued, and alt moneys secured hereby, shall become dw and pap able forthwith, w 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 an such day, anything in said promissory note w in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the option of said MORTGAGEE, without notice w demand, wit at law w in equity. therefore w thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to iri institution. 7. That in tfa event that at the beginning of w at any time pendirg any suit upon this Mortgage, w ro fwecbse ib a ro reform it, or to enfwu 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 s receiver of said mortgaged property all and singular, including all and singular the income, profits, issues and revenues from whatever souru derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set froth and described in the grantirp and habenrftxn 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 Corot as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference ro the adequacy w inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR w the defendanri, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien w equity of said MORTGAGEE and the practice of such Gourt. f). To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the sYrpulatrores, agreements, conditions and covenants in said promissory note and this mortgage set froth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than Ilse MORTGAGOR, tlse MORTGAGEE, ih successors and assigm, may, without notice to the MORTGAOR, deaf with such successor w 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 w discharging the Mortgagors' liability here- under wagon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w +ri successor w auigrts and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w assigns, shall operate to release, discharge, modify change w affect the wginal liability of the MORTGAGOR herein, either in whole w in part. T0. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligatan hereunder w of the obl'egation se• cured hereby shall et any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 1I. In addition to the~fwego:ng monthly payments of principal 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 I/12 of the annual cost of the follow- ing: A-All real property taxes levied w 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 described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry On ille ban secured hereby. Mortgagee shall from time to tune 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 urtil mortgagee shall notify mortgagor of a tltange in such amount. Such awns shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage gwranty insurance premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ign Baled and d eve a presence of: ` cep _ - ~ 0 tSea~ STATE OF FLORIDA ST . LUC IB ~` couNTy of A. C. Herring and Before me personally appeared Doris W. Herring his wife, to me well known and known ro me ro be the individwls dewibed in and who executed the fwegoirg instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the ear Doris W. Herrirfg wife of the said A• C • Herring ~ upon a separate and private examination by me taken separate and apart from her said henband, acknowledged to and before me that she executed said instrument freely and volwt- tarily and without any compulsion, constraint, apprehensiort~Or fear of w from her said hus~t~d. ,w`~,:,...,,~:~ 9 WITNESS my hand and official seal this ~ -day of >g7 - ~ r ~~ ;tE ~' ~ ;~ .'. r ~ . ti. . l- Notary Public in and for the Stlt}.)p8 itla ai La7e My Commissiwt expires: l,'f'~ :~~~ ! _ . ~, ~. Retvm To: ~ `FF f.. ~~t` ; s ~ - rp F1lED "AND RLCOROEQ . - ~'~;••".- -, ...-' First Federal Savi s Jti loan Association - -: of Fwt Pierce. ST. LUCIE COUNTYt FLA: .''- '` ~'~• RECORD `IERIFIED "{ ` ~ `~~~ Fort Pierce, Flwids = ;~ : ~ ~ 4: """ { 1816'71 - ~ f_ .- ~~,. ~," - ~ k° `.. This Instrument Prepared By Richerrd K. Kaye First Federal Savings b ~~^ Flortitda of Fort Pierce, nOGER p01TRAS Checked By CLERK CIRCUIT COURT; a°ooK179 ~ .783 ~ ~ . - -- ~~ ~_e ~~ ~~~