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To play and contirttrously keep on the buildings now a hereafter situate on said land and on all pu'~pnsent and personally covered by this mortg• age. with all premiums thereon paid in full. fire insurance in tFse usual standard polity form, in a sum approved by 1M MORTGAGEE. and windstorm inswance h tM vswl standard policy form, in a sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may direct; and all fire and windstorm inswanu policies on any of" said buildings, any interest therein a part thereof, in tM aggregate sum aforesaid a In excess thereof, shall contain the uswl standud mortgagee clause a ouch other clause as the Mortgagee may rpuire, making the loss under said polo ties, each and evsr1l. payable ro said MORTGAGEE as in interest may appear, and each and every such poligl shall be promptly assigned end delivered t0 any hed by sad MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the expiration of each policy, to de• liver ro said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or wirxfstorm insurance plaoad on any of said buildings, any interest therein a pert thereof, unless in the form and with tM loss payable as aforeasid; and In the event any sorts of money bacornes payable under such policy or policies said MORTGAGEE shall Mw -hs option to receive and apply the same on account of the indebted• rsess secured hereby or ro permit said MORTGAGORS to repive and use it a •ny part 1Fscreoi for other purposes, without thrrebr waiving or impair- Mg any equity, lien or right under or by virtw of this mortgage; and in the event said MORTGAGORS shall for any reason fail ro keep the said premises so inwred, or fail ro deliver promptly any of said policies of insurance ro said MORTGAGEE, a fail promptly to pay fully any premium therefor or in any respect fail b perform, discharge. execute, effect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may place and pay for cards inswance or any pan thereof without waiving a affectirsg any option, lien, puny, or right under or by virtue of this Mortgage, and the 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 tsntum per annum and together with such interest shall be secured by the lien of this mortgage. ~. To permit, Canmit a wffer no waste, impairment or deter'aration of said property or any part thereof. S. To pay all and singular the costs, charges and expenses, including a reasonable attorney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, bswuse 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 end every the stipulations, agreements, conditions, and covenann of said promissory note and this mortgage any a either, and said costs, charges and expenses, each and every, shall be immediately dw and payable; whether or not there be notice de• mend, attempt ro collect or suit pending; and the full amount of each •nd every such payment shat) bear interest from the date thereof until paid at the rate of nine per centum per arusum; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of this morpage. Q. Tlsat (a) in the event of any breach of this Mortgage a default 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 or notice, or (c) to the event each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage any a either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with end abided 5y, then in either a any such event the said erg gregaM sum rrsentiorsed in said promissory 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 completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory note a in this Mortgage to the contrary notwithstanding; end thereupon or thereafter at the option of said MORTGAGEE, without notice a demand, wit at law or in puny, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior 10 in institutions. 7. 1Tat in the event that at the beginning of or at any time pending any wit upon this Mortgage, or to foreclose it, or to reform it, or to enforp payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof tor the appointment of s Receiver, such Court shall Forthwith appoint a rettiver of said mortgaged property all and singular, including all and singular the income, profits, iswes and revenues from whatever source derived, ead- and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and habersdum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted puny and a matter of absolute right to said MORTGAGEE, and without reference to the adpuagr a inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defersdann, and that such rents, profin, income, issues and revenues shall be applied by such Receiver according to the lien or puity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly end fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreerrsersn, corxliYroru end tovenann 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, ifs wccessors and assigns, may, without notice ro the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the acme manner as with Mortgagor without in any way vitiating a discharging the Mortgagors' liability fsere- under orupon the debt hereby secured- No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or sssigrss end no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEE a its successors or assigns, shall operate to release, discharge, modify change or affect the orginal 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 rso waiver of any obligation hereursrkr or of the obligation 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 addition to the foregoing monthly payments of print pal and interest rpuired by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addi+ional sum estimated by mortgagee to be pual to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied a 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 ban secured hereby. Mortgagee shat) 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 shalt notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, inserance premiums, and mortgage gwranty insurance premiums. IN WITNESS WHEREOF, the said MO TGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sig Sealed s deli in presence of: n rc.,,q rs~,q STATE OF FLORIDA SS. COUNTY OF c+ * ,•^~e 1 Before ms personally appeared Clifton Yates and C+ns'1pVa Yates his wife, to me well known and known.lo me to be the individuab described in and who executed the foregoing instrument, and acknowledged before me that they executed the sarne•ior. tF+t~;~u~rposes therein expressed. Ana the sa' Geneva Yates - _ wife of the said Clifton Yates trppej:p. ~-~~(ivabs examination by me taken separate end apart from her said husband, acknowledged to and before me that she executed sgid:nrstMi •~ari~ vrDlwr: eerily and without any compulsion, constraint, apprehension, or f of or from her said husband. ,Q.;.~;q ~~: •~ . ~ . WITNESS my hand and official seal this ~~ ~ day of ~pt~.`"~r `~=~L?-~.~~A~:~, - ~y'= C-'~'~ r Notary Public in and for ~ Staff; •" My Commission expires: _ -' ~A' ~ -: tr , Return To: , ~-' ~t~;M1Y: First Federal Savings s Loan AsaociaYan Wr~r~' ~• /°'C r~ - 7( ~1~,E~r~ANO ~•~~ Of FoA Pierce. ST. `V(~ilE C+'OJ~~ t', ~';~~•r. Fort Pierce, Florida R.•- V~ ~ ~'v_. - i . '~ ~ 1 a ~~ This Instrument Prepared By l~icha-rd K. Keyes s69 SEP First Federal Savings b Loan Association /~f of Fort Pierce , Florida aG.-R ?Di~a"'s R°f Checkyd By 0 R MMss~~ C~-ERK CIRCUIT COU ~~' ~ j c f