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To place and continuously keep on the buildings now or hereafter situate on said land and on all equipment and personally covered by this mortg• age, with all premiums thereon paid in full, fire insurance in the usual standard policy form, in a sung approved by the MORTGAGEE, and windstorm insuranq in the usual standard policy form, in a sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE rosy direct; and all fire and windstorm insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or In excess (hereof, shall contain the usual standard mortgagee clause or such other clause as the Mortgagee may require, making the loss under said poli- cies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly au.gned and delivered to any held by said MORTGAGEE as further security to said mortgage debt, and, not feu than ten (10) days in advarxe of the expiration of each policy, to de- IivN fo said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be rw fire o- windstorm insurance placed tx- any of said buildings, any interest therein or part thereof, unless in the form and with the toss payable as aforesaid; sod in the event any sum of money becomes payable under such polity a policies said MORTGAGEE shall have the option to receive a.ed apply the same on account of the indebted- ness secured hereby a ro permit said MORTGAGORS to receive and use it or any part thereof for o:hrr purposes, without th:reby wani.ig or unpair• irsg any aquiry, lien a right under or by virtue of this mo::gage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises so insured, or fail ro deliver promptly any of said policies of insurance to said MORTGAGEE, a fail promptly to pay fully any premium therefor or in any rasped fail ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay for suds insurance or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each aril every such payment shall be immediately due and payable and shat! bear interest from the date thereof until paid at the rate of nirse per centum pa annum and together with such interest shall be secured by the lien of this mortgage. !. To permit, commit a suffer no waste, impairment a deterioration of said property or any part thereof. S. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid st any time by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge. execute, effect, complete, comply with and abide by each and every the stipulations, agreen,enrs, conditions, and covenants of said promissory note and this mortgags any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice da mend, attempt to collect or suit 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 centum per annum; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of this mortgage. Q That (a) in the event of any breach of this Mortgage o- default on the part of the A10RTGAGOR, 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 (G 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 5y, tlrn in either a any such event the said ag• gregate wits mentioned in said promiuory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were orginally stipulated to be paid on such day, anythirg 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, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if alt moneys secured 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 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 forthwit) tppoint a receiver of said mortgaged property all and singular, including all and singular the income, profits, issues and revenues from whatever source derived, each aril every of which, if being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and habendum clauus hereof, and such Receiver shall have all the broad and effective funct,ons 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 inso:vency of said MORTGAGOR w the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receiver according to the lien 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 stipulations, agreements, conditions 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, iri succeuors and assigns, 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 or discharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or augns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGE'- or its successors or soigne, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblgation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In additiol to the foregoing monthly payments of print-pal and interest required by the promissory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payr.tent an add~rional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-All 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 im~roveme:tts situate on thz above d~scriberi 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 shalt thereupon to due and payable on the due date of the next monthly payment and each successive month thereafter until mertgagee 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 EREOF, t said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed. Se a • ~ red ' presence of: ~ al) ~aq .,f~l) , ~n STATE OF FLORIDA ~'• SS. ~i . COUNTY OF ~ • L>)CIB ~ `~' Before me personally appeared Jessie L. Bzavmer, a single adult ~ ~C 1[lOf1>R, to me well knowr4 aqd known to mp'tQ be the individval~ desuibed in and who executed the foregoing instrument, and acknowledged before me that ~he~ executed thE'g5me for the ;(~-rposes therein expressed. --- ------------- - ------------ WITNESS my hand and official seal this ~~- day of ` Au St A. D. 19 ,~ Notary Publee in and for the State of Florida at large My Commisiron expires: Return To: - First Federal Savings 3 loan Association - ' ~" p , ~T9 LAR&E Of Fort Pierce. MY ~-I~~~~~~M#ts ~~7Z r 4 'HOR9• Fort Pierce, Florida aDh 6.etcr~nr `I~~'r!~7 • ~• 182313 This Instrument Pre erect B J. D, Chastain ~ i;l; t First Federal Savings & loan Assoyciation sg ~•- ' Z 6 ~{'~ ~ ~ 5 of Fort Pierce ~ Florida /~ i:~a~r. t Q1TFt.r.$ Checked By 'ry C~~~K G:~~~IT ~OUR7 BUOK 1 19 PAGE~~43