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To plea and continuously keep on the buildups now or hereafter situate on said land and on all equipment and personally covered by this mortg• ege, with alt premiums thereon paid in full, firs insurance in tM usual standard policy form, in a wm approved by the MORTGAGEE, and windstorm irtswana to tM uswl sundud policy form, in a sum approved by tM MORTGAGEE, in such company or companies as tM MORTGAGEE may diners and all fin and wudsrorm insurance policies ore any of said buildups, any interest therein or pan thereof, in tM aggregate sum afatsaid or In excess titenof, shall contain tM uswl standard mortgagee clause or such other clause as tM Mortgagse may regvue, making tM loss under said Pei' ctes, each and every, payable b said MORTGAGEE as its interest may appear. and each and every such policy sMll be promptly assigned and delivered to any Mld by said MORTGAGEE as further security to said mortgage debt, and, not less tMn ten (10) days in advance of tM expiration of each policy, ro de- liver fo said MORTGAGEE • rerttwal thereof, together with a receipt for tM premium of such renewal; and there sMll be rto fire or windstorm inwrance placed on any of said bufWirgs any interest therein or part tMreof, unlcu in tM form and with 1M loss payable as aforesaid; and in Lire event any sum of many batomes payable under such policy or polrcres sard MORTGAGEE shall Mve tM option to receive and apply 1M same on account of tM indebted• r-ess sscured hereby or ro permit said MORTGAGORS to reuivs and use it or any part thereof for orhe- purposes, without thereb/ waiving a impair- ing any equity, lien or right under or by virtw of this mortgage; and in tM event said MORTGAGORS sMll for any reason fail to keep tM said premises so inwred, or fail to deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly ro pay fully any premium therefor a in any rasped fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may plea and pay for such inwrana a any part thereof without waiving or affecting any optan, lien, equity, or righ- under a by virtw of this Matgsge, and tM full amount of tack and every such payment shall be immediately dw and payable and sMll bear interest from tM date thereof until paid at tM rata o1 nir» par arttum per arxwm and together with such interest sMll be secured by 1M lien of this mortgage. 4. To permit, commit or suffer oo waste, Impairment or deterioration of said property or any part thereof. S. To pay all and singular tM costs. charges and expenses, including a reasonable anorney i fee and costs of abstracts of title, incurred or paid at any lima by said MORTGAGEE. because or in the event of the failure on 1M part of tM said MORTGAGOR to duty, promptly and fully perform, dischargR exeatt, effM, compkts, otxnply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or titMr, and said costs, charges and expenses, each and every, sMll be immediately dw and payable; whe-Mr or not there be notice de• mend, attempt ro Collett or wit pending; and tM full amount of each and every such payment sMll bear interest from tM date thereof until paid al tM rate of nine per centum per arwtum; and all said msts, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of this mortgage. b. TMt (a) in the event of any branch of this Mortgage or default on the part of the MORTGAGOR, a (b) in tM event any of said wms of money herein referred to be not promptly and fully paid within Thirty (30) days next after tM same severally become due and payable, without demand or notice. or (rJ In the event each and every 1M stipulatioro, agreements, conditions and covenants of said promissory note and this mortgage any a either are not ~vly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then to either or any such went tM said ag- gregate wm trientiorsed in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, sMll become dw and pay able forthwith, or thereatter, 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 on such day, anything in said promissory note or in this Mortgage to Ilie contrary notwithstanding; and thereupon or thereafter a1 tM 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 its institution. 7. TMt in the event that at the beginning of or at any time pending any w~t upon this Mortgage, or ro foreclose it, or to reform it, or to enforce payment of any claims hereurxkr, said MORTGAGEE sMll apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court sMll forthwith appoint a receiver of said mortgaged property all and singuler, includufg all and singular the income, profits, issues and revenues from whatever sours derived, each and every of which, it being expressly uriderstood, is hereby mortgaged as if specifically set forth and described in the granting and Mbendum clauses hereof, and such Receiver :heel Mve all the b.oad and effective funct,ons and powers in anywise entrusted by a Court to a Receiver,-and such appointment sMll be made by such Court as an admitted equity and_a matter of absolute right ro said MORTGAGEE, and without reference to tM adequacy or inadequacy of tM valor of the property mortgaged or to the so~vency or insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, issues and revenues sMll be applied by such Receiver according to 1M lien or equity of said MORTGAGEE and 1M practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and able by each and every the stipulations, agreements, condittoris and covenants- in said promissory rwte and this mortgage set forth. _ ._ 9. TMt in the event the owrxrhip of tM mortgaged premises, or any part thereof, becomes vested in a person other than tM MORTGAGOR, tM MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor a successor to interest with reference to this mortgage and the debt hereby secured in tM same manner as with Mortgagor without in any way vitiating a discharging the Mortgagors' liability here- under or upat the debt hereby secured. No sale of the premises hereby mortgaged and rip fortxarance on the part of the MORTGAGEE or its successor or assgns and no exteniron of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, distMrge, modify charge or affect the original liability of the MORTGAGOR herein, either in whole or in part. T0. It is specifically sgrefd that time is of the essence of this contract and that rip waiver of any obligation hereunder or of tM obligation se- erred hereby shall at any time thereafter be held to be a waiver of tM terms hereof or of the instrument secured herby. 11. In addition to the forego:ng.monthty payments of princ'pal 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 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. t3-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the above desvibed premises. C-Premiums on such mortgage guaranty insurance as mortgagee sMll from time to time deem fit to carry on tM loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum sMll thereupon be due and payable at the dw date of the next monthly payment and each successive momh thereafter until mortgagee sMll notify mortgagor of a change in such amount. Such wms shall be applied by mortgagee toward the payment of real property taxes, insurarxe prem.ums, a. tgage gwranry inwrarice premiums. IN WITNESS WHEREOF, the sa" MORTGAGOR has hereunto set his Mnd and seal the day a year first Sealed r the presence of: n e_ n ~ ~ ,~~ t t,. rc.:an STATE OF FLORIDA SS. COUNTY OF St • I.TICle f5~a~ Before me personally appeared erect Brenda 1?auleYSOn -his wife, to me well known and known to me to be tM individwls described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the sa' Brenda RaulersOn ' ° • _ wife of the said ]Donald E. R,aulerson uporf a separate and private examinaKon by me taken separate and apart from her said husband, eckrawledged to and before me that sM executed said,irtitru~ifitt;frepfy.ard volun- tarily and without any compulsion, constraint, apprehension, or fear of or from her said husband. •~ '' ` ~ ; ,. -: WITNESS my Mnd and official seal this ~ ~' day of = •' . A.:D. ~19~_ Return To. F'trt Feder) Savings tZ loan Association Of Fort Pierce. Fort Pierce, Florida This {nstrument Prepared By J. D. Chastain First Federal Savings Er loan Association of Fort Pierce ~ Florida Checked By --'-~- of Horida• at Notary Public in and. fct ire: Sir ~rge • - - My Commission explte~~ ~~ = y- ~,/ ~ L r+. :F ~; - r ••`~ . F11.E0 AND RECQR4E0'~'~ ~~.<<.~~.---l_~ ST. LUClE COUNYY:'FLA. ; ; =:. RECORD ~I~RIFlEIJ ~: . 1816`76 '~9 AUG II PM l2: 26 d00K~79 PAGE I~ ROGER POITRAS CLERK CIRCUIT COURT: 't