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To plan and continuously keep on tM buildings now a hereafter situa-e on said land and on all equipment and personally coveted by this mortg- 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 lnsurartce in the uswl standard policy fam, in a sum approved by the MORTGAGEE, in such company a companies as the MORTGAGEE may dined; and all fin and wadsrorm 'Insurance policies on any of said buildings, any interest therein or part thereof, in tM aggregate sum aforesaid a In excess thereof. shall contain the uswl standard mortgagee clause a such other clause as the Mptgagee may require, making the lou under said poll. ties, each and every. payable ro said MORTGAGEE es its interest may appear, and each and every such policy shall be promptly assigned and delivered to liver o said MORTGAGEE aEEenewaltthereofrrtogether vvitnh a9 eeeeipt forathe preen umtofnsuch renewals and ~i+ereeshall beeraifire orowindstaml inwrance platxd on any of said buildings, any interest therein or part thereof, unleu in the form and with the bas payable as aforesaid; and b the event any awn of nrtortey bscarnes payable undo suds policy a policies said MORTGAGEE shall have the option to receive and apply the same on account of the indebted. rteu secured hereby a to permit said MORTGAGORS to receive and use it or any part thereof for other purposes, without thereb/ waiving a impair. inp any equity, lien a right under a by virtue of this mortgage; and in Ihs. event said MORTGAGORS shall fa any reason fait to keep the aid premises so insured. w hit b deliver promptly any of said policies of insurance ro said MORTGAGEE, a fail promptly to pay fully any premium therefor w in any reaped fail b perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place end pay for such Irswranoe a any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage. and the full ansount of each and every such payment shall be immediately dw and payable and shall bear interest from the date thereof anti{ paid at the rate of nine per cashrrr- per annum and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit a suffer no waste, impairment a deterioration of said property o- any part thereof. S. To pay all and sirtgula- the coats, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any tans by said MORTGAGEE, because d in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, dischargR execute, effect, 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 ar-d every, shall be immediately due and payable; whether or not there be notice de• mend, attempt to collect a wit pertdirg) and the full amount' of each and every such payment shall bear interest from date thereof until paid at the rate of nine per tentum par amtum; and all said costs, charges and expenses incurred or paid, together with such iNerest,~ II be secured by the lien of this ^~+~• t1. 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 rderred 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 (t) in the event each and every the stipulations, agreements, conditions and covenants 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 by, then in either a any such event the said ag• gregab awn mentior-ed in said promiuory note then remaining unpaid, with interest accrued and all moneys secured hereby, shall become dw and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and cpnpletely as if all of the said wms of money were orginally stipulated to be paid on such day, anything in said promiuory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without rtolice a demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted ss if all moneys set~rad 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, or ro foreclose it, a to reform it, a to enforce payment of any claims hereunder, said MORTGAGEE shalt apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property ail and singular, including all and singular the income, profits, issues and revenues from wheteve!C source derived, each and every of which, it being expreuty understood, is hereby mortgaged as if specifically set forth and desuibed in the granting and habendwn louses hereof, and such Receiver shall have all the broad and effective (uncnons 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 tQ, the adequagr or inadequagr of the valve of the property mortgaged or to the solvency or ,nsolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, iuues 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, complcte, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. , 9. TMt 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 successors and suigns, 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 a discharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and ra forbearance on the part of the MORTGAGEE or its successors or auigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigru, shall operate -o release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in put. 10. It is specifically agreed that tune is of the essence of this contract and that no waiver of any obligation hereunder or of the obligsYron se• cured hereby shall a1 any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. IT. In addition 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 additional sum estimated by mortgagee to be equal to I%12 of the annual cost of the folbw- ing: A-All real property taxes levied or assessed agairtsf_the above deuribed real estate. . f)-Premiums on fire and windstorm :nwrance as herein required to be carried on the improvements sitwte on the above desuibed premises. C-Premiwns on such mortgage guaranty insurance as mortgagee shall from time to time 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 change in such amount, Such awns shall be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage gwranty insurance prem'ntrrts. ' IN WITNESS WHERE the said MORT GOR has here:-nto set his hand and seal the day and year first aforesaid. S;g a in esence of: n • ~n ts.aq STATE OF FLORIDA S7 . UJC IS ~' courfnr of Before rrte personally appeared H. R~ MOI3I0@ and Bef;file MOI1ZOe -his wife, to me well known and known to me to be the Irtdividwls described in and who executed the foregoing instrument, and aduwwkdged before tree that they executed the same fa the purposes therein expressed. And the sa' i3e8f3ie MOnroe wife of the sad H. R. MOI1tOe upon • separate and private examina$on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrurtssnt freely and volun• rarity and without any compulsion, constraint, apprehens' w feu of or from her said hast~ard. ' `' ~ • ~.~t WITNESS my hand and official seal this ~~ day of Auguft `'.(= t~•,p~~q ,69 Retwn Toe fiM Federal Savings fL loan AssociaYan Qf Fort Pierce. Fort Pierce, Florida '6 This Instrument Prepared By Richard K. Keyes First Federal. Savings Et loan Association ' of Fort Pierce , Florida Checked By :r. Notary Public in and for the State ~~~ Fiorillcaf~ar(~ '. t =... My Commission expires: ~~ ~~7' _ ~ -. y ~_ FILED AND RECORDED ~ ~ ' ~f _- ~ 'c- .~ S+. LUCtE COUNTY, FLA. `~ ~ ~c~ `' ~=' ~= • ,~ ,•~ .,., . 1816"?'2 ~ ~ `~- ~- '4~ FO'=En r OITR~S CLERK CIRCUIT COURT ~~ aooK~.79 ~ :785 --~ ~~1 ._..~ ~-