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To place and continuously keep on tM buildings now or hereafter situate on said land and on aH equipment and personally covered by this mong• age, with all premiums thereon paid in full, fin insurance in the uswl standard policy form, in a sum approved by the MORTGAGEE, end windstorm insurance In tM uswl standard policy form, In a wm approved by tM MORTGAGEE, in such company or companies as tM MORTGAGEE may direth and alt fin and wirdswrm inskxante policies on any of said buildings, any interest tMrsin w part thereof, in the aggregate wm aforesaid a in excess thereof, shall contain the vswl standard mortgagee clause a such other clause as the Mortgagee may require, making the lou under said poli• ties, each and every, payable ro said MORTGAGEE as its interest may appear, and each and every such policy shall 4+ promptly au:grked and delivered to any held by said MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance 4f the expiration of each policy, ro de- liver rosaid MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or windstorm inveterate plead on any of said bvildirgs, any interest therein or part thereof, unleu in the form and with 1M loss pay+ble as aforesaid; and In the event any sum of money becomes payable under such policy a policies wW MORTGAGEE shall Mw tM option to receive and apply the same on account of the indebted• races secured hereby a ro permit said MORTGAGORS ro receive and use it or any part thereof for other purposes, without thrrebr waivi~tg or impala fng any equity, lien or right under a by virtue of this mortgage; and in the event said MORTGAGORS shall fa any reason fail ro keep the said premises so insured, or fail ro deliver promptly any of said policies of irtswance to said MORTGAGEE, a fail promptly to pay fully any premium tl-erefor or in any rsspetl fail to perform, discharge. execute, tffect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may plan and pay for such Iruurar-ce or any part thereof without waiving a affecting arty opt'an, lien, equity, oa righl under a by virtw of this Mortgage, and the fu0 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 cer-turn per anrwm and together with such interest shall be secured by tM lien of this mortgage. 1. To permit, corrvrkit or suffer no was», impairment a deterioration of said property a any part thereof. S. To pay all and singular tM costs, charges and expenses, inclkrding a reasonable attorney i fee end mete of abstrazts of title, incurred or paid at any rims by said MORTGAGEE, because or in tM event of tM failure on tM part of tl+e said MORTGAGOR ro duly, promptly and fully perform, discharge, execute, effect, complete. comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any a either, and said costs, ctarges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de• mend, attempt ro collect a wit 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 the mortgage. 6. TMt (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to bs rat promptly and fully paid within thirty (30) days next after the same severally become dw and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenanq of said promissory note and this mortgage any or either are nW duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such event the said ag~ gregate sum mentioned 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 optan 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 a in this Mortgage to the contrary notwithstsndirg; and thereupon or thereafter at tFke option of said MORTGAGEE, without notice or demand, wit at law a in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any t'ma pearling any suit upon this Mortgage, or ro foreclose it, a to reform it, o- to enforp payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Cart shall forthwith appoint a receiver of said mortgaged property all and singular, intludkng all and singular the incorrke, 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 described in the granting and habendum clauses hereof, and such Receiver shall haw all the broad and effective functions and powers in anywise entrusted by a Court fo 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 inadegwcy of the valve of the property mortgaged or to the sohenty a insolvengr of said MORTGAGOR or the defendants, and that sxh rents, profits, income, iuves and revenues shall be applied by such Receiver affording to the lien a equity of said MORTGAGEE and the practice of such Court. B. 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, a any paA thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors end assigns, may, without notice to the MORTGAOR, deaf with such successor or suffessor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating o- discharging the Mortgagors' liability here- under orupon the debt hereby secured. No sale of the premises Ixreby mortgaged and no forbearance on the parr of tie MORTGAGEE or its successors or assigr-s and no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, sl-all opaate 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 Mime is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYan se- cured hereby shall at any time thereafter be heW to be a waiver of the terms hereof or of the instrument secured herby. 11. In additeon to the foregoing monthly payments of print:psl and interest required by the promissory note secured hereby, mortgagor covenants and agrees 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 property taxes levied or assessed against the above described real estate. B-Premiums on lire and windstorm insurance as herein required to be carried on the improveme:tts situate on the above described premises. C-Premiums on such mortgage gwranry 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 dw 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 wch amount. Such wms sF.all be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage gwranty insurance premiums. /~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. / / Signed, Sealed arks delivered in the presents of: , courmr of ST • LAC IE s~ n n n ~--n Before me p.raortalfy appeared Mary Gilliam, a single adult 7~t: _ ]o[a[a[afs, to me well known and known ro me to bs the individwlJ destibed in and who executed the foregoing instrument, and acknowledged before me that Sher executed the same for the puryoses therein expressed ]Oa]al~IalOmbC .~ WITNESS mY hand and official seal t ' dad of n September A. D. 19 69 n Return To•. First . Federal Savings 6 Loan Assod ~tion OF Fort Pierce. Fort Pierce, Florida This Instrument Prepared By J. D. First Federal Savings b loan Association of Fort Pierce , Rlorida My ,~. ; ktuassHrrrrq ' ~~• fs'R_. ~~ ~` ~ - ~ ~. ...... ~. ir' rrY ' ~. - . Pte.-., --~~; ~ •., v, . a' _~- vii ~~~y" M` ..~' • ~ S as~t~~nr~fta ~.:~~ ~;.. l- Checked By //~ ~ ~'~%ai;e,.;,`. ~ ~, 808K ~ 19 PAGE~49? Public in and for the State of Florida at large remission expires: _ Notary Pttb~ic, State of Ronda at Large tip Gotoa>asioa~E ~pires Shpt. 23. 19~p-~: . F11.E0 A~COU~~ F4At; . ST.~f~O D.~cRIF!ED ~~~~~ e Z '69 SEp 12 AM 11 4 S ~p~ER ~ pdRt'. CLERK CIRCUIT r~ ~~L