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To plea and continuously keep om the buildups now a Mreaiter situate on said land and on all equipment and personally covered by this mtttrtg- age, with ell premiums thereon paid in full, fin insurance in the uswl standard policy form, in • sum approved by the MORTGAGEE, and windstorm Insurance to tM uswl standard policy form, Im a awn approved by tM MORTGAGEE, in such company a companies ss tM MORTGAGEE may direpl and dl ilre and windstorm insurance policies on any of said buildings, any intaesY therein or part thereof, in the aggregate wm doresaid a In extx+ss thereof, sMll contain the uswl standard mortgagee clause or such other clause as tM Mortgagee may require, making the loss under said poli- cies, each artd every. payable to said MORTGAGEE as its interest may appeu, and each and every such policy shall bt promptly ass:grted and delivered to any held by said MORTGAGEE ss further secvriry to wW mortgage debt, and, not less than ten (10) days in advance of tie expiration of each policy. to de• liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall bt rq fire or windstorm InsvrarKe plead on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforewids and in tM event any sum of money becomes payable tiller such policy or policies said MORTGAGEE shall have the option to receive and apply the same on aceounl of tFte indebted- ness secured hereby o. to permit said MORTGAGORS to receive and use it a any part thereof fa other purposes, without thereb/ waiving or impair- ing any equity, Bert or right under or by virtw of this mo:sgage; and in the event said MORTGAGORS shall fa any reason fail to keep the said premieres so insured, a fail to deliver promptly any of said polrctes of insurance to said MORTGAGEE. or fail promptly to pay fully any premium therefor a in any respell fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may plan and pay for such irswana or any pan thereof without waiving or affecting any option, litre, egviry, or right under or by virtw of this Mortgage, and tM full amount of each and every such payment shall be immediately dw and payable and shall bear interest from the date thereof until paid at the rate of nine per antum per annum and together with such interes- shall be secured by the lien of this mortgage. 1. To permit, corrtntit or wffer no waste, impa'iment a deterioration of said property or any pan thereof. S. To pay al! and singular the costs, charges and expenses, including a reasonable attorney i fee and costs of abstracts of title, incurred w p+id at any time by said MORTGAGEE, bauuw or in the event of the failure on the pan of the said MORTGAGOR to duly, promptly and fully perform, dischuga~ execute, effect, oompkte, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage arty or either, and said costs. chergea and expenses, each and every, shall be immediately due and payable; whether or not there be notice der mend, attempt to collect or wit pending; and the full amount of each and every such Payment shall bear interest from the date thereof tx-til paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with such interest, shalt be severed by the lien of this mortgeg~. 6. That (e) in the evtnf of arty beach of this Mortgage or defauh 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 o- notice, or (d in the event each and every the stipulatiorts, 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 5y, then in either or any such swot the said ag• gregate wm mentioned in said promissory note then remaining unpaid, with interest acuued, and 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 or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or 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» institution. 7. That in the event that at the beginning of or at any time periling 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 jurisdiction thereof for the appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singular, irtclud~ng all and singular the income, profits, issues and revenues from whatever 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 habertdrxn clauses hereof, and such Receiver shalt have all the broad and effective furxtions 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 to the adequacy or inadequacy of the value of the property mortgaged or to the so~vency or insolvency of said MORTGAGOR or the defendants, and that such rents, profi», income, issues and revenues shall be applied by such Receiver according to the Gent or 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 stipulaKom, agreemen», conditiors 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 a person other than the MORTGAGOR, the MORTGAGEE, i» successors and assigns, may, without notice to the MORTGAOR, deal with such successor a 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 here- under orupon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pan of the MORTGAGEE or i» successor or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors err assigrs, shall operate to release, discharge, modify change a affect the original liability of the MORTGAGOR herein, either in whole or in put. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligatron herevndeF or of the obligation se- cured hereby shall at any Yrme thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of print pat and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an additional sum estimated by mortgagee to be equal to I/12 of the annual cost of the fallow- ing: A-Alt 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 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 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 gwranry inswance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sealed and delivered in the presence of: ~ q STATE OF FLORIDA 1 ') SS. couNTy of St, T uci e Before me personally appeared Albert F S e o,~ a~i n s ~'+~ M 3 r.~; a''' e t 4 S e o T t? ~ n s his wife, to me well known and known to mte to bs the individwb described in and who exerted the foregorng instrument, and acknowledged before rrte that they executed the same for the purposes therein expressed. And the sa' wife of the will Albert ~'' SCO~~Q ns - __ upon a separate end private examination by me taken wparate and apart from her will husband, acknowledged to and before me that she executed wtd instrument freely and voltm• tartly and without arty compulsion, constraint, apprehension, or fear of or from her will husband. L n WRNESS my heed and official seal thi: q7 -day of AU~,*U 3t _ _ A. D. 19~.. Notary Public in end for the State of ids at lugs es : ~' ~ 'a j 3 - f1~y Commission expir G 9 Return Toe ```~,tK4iif(tt((~ err, y1 ~C +_ -,_ ~ c .~ a _ Np~ Plmrtc• ~ ~ FRiiw H ~9r First Federal Savings t6 loan Association ` ~~, ~ ::••~. ..~. `? i,: ~ ~~ ~ ~ Zj. ~~ r Of Fort Pierce_ ~ ~ = . ~ •. ~ •,~. ~ ~~ eoa~ y Aaariaa fire i Cawaay G. ` Fort Pierce, Florida = c.: ~- °' ( ._ ; > ~= ~~Ep'AND RECORDED " - ~ ~ i-•= ST. LUCIE COUNTY. Fl:A. r I- , a ~ = RECORD VERIFIED ..- This Instrument Prepared By J. D. Chas ~ ,~ff. ~ ,(~': 181V 13 ,. First Federal Savings dr loan Association '•,~~I. •' ~5;.` s69 AUG ~ ~ PN !2 ~ ~5 o~fQFort Pierces ,Florida •.,,~~ • ts,`` ss,~ Checked By !~' '. _,:_ ~ ~_'"`' ~ ,~ ~~- : - _.: ROGER POITR~.S .~ CLERK CIRCUIT COURT ~~ a~ i?9 ~ .787 ;. --~ T_-~_