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To etas and continuously keep on tM buildings now or Mreafta sitvstt on said land and on all equipment and personally covered by this mort¢ pe, with all premiums thereon paid in full, fire insurance in tM usual standard policy form, in a sum approved by tM MORTGAGEE, and windstorm Insuranot in tM uswl standard poligl form, in a sum approved by tM MORTGAGEE, in such company of companies as tM MORTGAGEE may directs and all fire and windstorm insurarce policies on any of said buildings, any Interest therein or part thereof, in tM aggregate sum aforesaid a In extkss~ thereof, Mull contain tM uswl standard mortgagee clause a such other clause as the Mortgpae may require, making tM sou under said polF ties, each and every, payable ro said MORTGAGEE as in interest may appear, and each and every such policy shall be promptly assigned and delivered to any MW by said MORTGAGEE as further security to said mortgage debt, and, not leu than ten (10) days in advance of tM expiration of Bath policy, to dt- IivN rosad MORTGAGEE a renewal tMreof, together with a receipt for tM premium of such renewal; and there shall be no fire or windstorm insurance placed on any of said buidings, any interest therein or part thereof, unleu in tM form and with tM loss payable as aforesaid; and in tM event any wm of money becomes payable urxhr such poligr a poltcws satd N.CRTGAGEE shall have tM option to receive and apply tM same ors account of tM indebted• Hess secured hereby a ro permit said MORTGAGORS fo receive and use it a any part thereof for other purposes, without th:reb/ waiving or impair- ing any equity, lien err right under or by virtue of this mortgage; and in tM event said MORTGAGORS shall for any reason fail to keep tM said premises so insurtd, or fail to deliver promptly any of said policies of insurance ro said MORTGAGEE, or fail promptly to pay fully any premium therefor a in any respect fail to perform, discharge, exacuts, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay far wd- insurance a any pan thereof without waiving or affectirsg any option, Ikn, equity, or right under a by vMw of this Mortgage, and tM full arrsosNSt of tads and every such payment sMll be immediately due and payable and shall bear interest from tM dale thereof until paid at 1M rate of nine per centum ptr annum and together with such interest shall be secured by tM lien of this mortgage. 1. To permit, commit or wffer no waste, impairment or deterioration of said property or any pan thereof. S. To pay all end s)ngulu tM cosn, charges and expenses, including s reasonable attorney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or in tM event of tM failure on tM pan of tM said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, oompktt, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or tither, and said coats, chuges and expenses, each and every, shall be immediately due and payable; whether a not there be notice ds• mend, attempt ro collect or wit pending; and tM full amount of each and every such payment shall bear interest from tM date thereof until paid at tM 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 1M lien of this mongsgt. Q. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, or (b) in tM event any of said soma of nwney herein referred to bs not promptly and fully paid within thirty (30) days next after the same severally txcome due and payable, without demand or notice, or W in the event each and every 1M stipulations, agreements, conditions and covenants of said promissory note end this mortgage any or either are not ~stly, promptly and fully performed, discharged, executed, eitected, completed, complied with and abided by, then in either or any such event 1M said ag• gregatt sum mentioned in said promiuory note than remaining unpaid, with interest accrued, and all moneys secured Mreby, shell become dw and pay able forthwith, or thereafter, at tM option of said MORTGAGEE, as fully and completely as if all of the said sums of money were orginally 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 tM option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior ro in institution. 7. That in tM 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 tM appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singular, includ~rg all and singular the income, profits, issues and revenues from whatever score derived, each and every of which, it being expreuly understood, is hereby mortgaged as if specifically set forth and desuibed in 1M granting and hsbendum clauses hereof, end such Receiver shall Mve all the broad and effecti.e functions 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 iM adequagr or inadequacy of the value of tM property mortgaged or to the solvency or insolvency of said MORTGAGOR a the defendann, and that such renn, profits, income, issues and revenues shall be applied by such Receiver according to tM lien or equity of said MORTGAGEE and tM 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, preements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in 1M event the ownership of the mortgaged premises, o+ any part thereof, becomes vested in a person other than the MORTGAGOR, tM MORTGAGEE, its successor and soigne, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and tM debt hereby secured in tM same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability Mre- under or upon the debt hereby secured. No sale of tM premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or soigne and no extension of the time for tM payment of the debt hereby secured given by the MORTGAGES or its successors or soigne, shall operate to release, dixharge, modify charge or effect the original liability of the MORTGAGOR herein, either in whole o- in part. 10. If is specifically agreed that time is of the euence of this contract and that no waiver of any obligation Mreunder or of 1M obligation se- cwed hereby shall st any tune thereafter be held to be a waiver of the terms hereof or of tM instrument secured herby. 11. In additiots to tM foregoing monthly payments of print'pal and interest required by the promissory note secured hereby, mortgagor covenants and ogress to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real properly taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insura~ ce as herein required to be carried on the improvements situate on the above desuibed 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 mon-h 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 pr and mw:gage guaran iruura premiums. 1 ITNE ER said MORTGAGOR has hereunto set his hand and seal the day and yea s aforesaid. ~ n,d_ d ed in tM txetsrsce of: ~ _ '~/. ~ L _ off /- Wit S F[~delin S. Wand rein STATE OF fi - W RSBY ss. couNTY of Before me personally appeared Thoaa8 C. Wald and iNadelin g, Wald his wife, to me well known and known to me to be the irsdividuals desvibed Jn and who executed tM foregoing instrument, and acknowledged before me that they executed tM same for tM purposes therein expressed. And the said i~Ia,delin ~. Wald wife of tM said Thomas C. Wazd upon s separate and private examination by cot taken separate and aparl from Mr said hu red, acknowledged to and before me that sM executed said instrument freely and volun- tarily and without arsy compulsion, constraint, apprehens' fear of or from her said husband. WITN~r41Yr r~rr sd,. and official seal thi day of Au u A. D. 19 69 '~1;y,-• ;•• .~ .9 • Notary a ~,~r State of lesida at large --,~ .t - °:'. -• . _ ... My c~rnw~~~~11: D ~6M Jez sey t~ .s ~y / ~tiv~ & l~s Association •: t "; ~1 ~ r V -- J'~,,,ri,r,,, ' ~., }. ; •or.f'orl Pier4R - 182390 ~' ~~ ~ 3 ~, . i3 ~fjortt Pierce, Fforlds:'X. -7 ...,1 ~ ~ G Q~ _ •~TFlis'iirtif~umertt Prepared By J, D. Chastain •.n._.ra ."Oi1T~S First Federal Savings Er loan Association CLARK C'RC~IT of Fort Piercer Rlolida COURT