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To place ard con~tnuous~y keep on the bui!dings now o~ hereaft~~ ?~tuat~ on sa~d I~nd and on all equipment +nd personally covercd by ~his mwtq- sg~, with all ~emiums ~hereon pa~d in full, f~re insur~nce in the usual atandard pol~cy form, in ~ sum approved by tha MORiGAGEE, and windsto~m insu~ance in ~ha uiual a+anda~d pol~cy 1orm, in • s~m spproved by the 1NORTGAGEE, i~ tuch company o~ compan~ei as 1he MORTGAGEE may d~rect; and all fire snd w~ndatorm insurance po~kiea on any of said build~n9s, ~ny imereet therein or pa~t IhereoF, in the aggregare sum ~fwesaid w in exceu ~hereof, shall contain the usval itand~~d mortgage~ ctausa w tuch othe~ clauss as the Matyagee may requ~re, maAing Ihe loss under ia~d pol~ ues, each and every, psyabk ro said h10RTGAGEE as ~ts iroerest may appear, and each and evcry such pol~ty shall be p~omptly ass yntd and delivered ~o , any held by said MORTGAGEE as iurther security to said n~u~~yage debt, and, not leu than ten (101 days in advance o( the expiration of each polity, fo d~- ? liver to said MORiGAGEE a renewal ~hereof, toge~har with • rcce~pt fw the premium of s~ch renewal; and there sha~l be no f~re or winda~orm insuranct ~ placed on •ny of said build~ngs, any interest therein w part thereof, unless in the form and with tM loss payable as a(oresaid; and in the event any sum of money beca+xs payable undcr such poliq or polKies wid MORTGAGEE shall have the opt~on to receive and app~y ~he sanu on accounl of the indebted~ { neu secured hereby w to permit said MORTGAGORS to reteive and use it ot any parl thereof iw oti~er purFwses, w~~ho~t Ih_rco/ wa~ving o~ ~mpair• in9 any equity, lien or righl under or by virtue of this mo:tgage; and in the event ssid MORTGAGORS shal) ta any reason fail to keep the said premis~s so insured, w fai) fo deliver promptly any of said pol~c;es of insurance to said MORTGAGEE, a fail promptly to pay tutty any pre~nium therefot or i~ a~y respec~ Fail to pe+(wm, d~scAarge, execute, effect, complete, comp~y with and abide by this covenant, w any part hereof, said MORTGAGEE may pl~ce snd pay fa ~uch insurance or ~ny part thereof withoul waivi~g o~ afiedinp any option, lien, equity, or rigtit under or by virtue of this Mo~t9age, and the full amount of each and eve?y such paymcnt shall be immediately due and payable and shall bear interest from the date thereof until paid at the ~ate ol nine per cantum per annum and to~ether with such interest sha~l be secured by the lien o( this mortgage. _ 1. To permit, commit or suffer no waste, impairment a deterioratwn of said property a any part thereof. 5. To pay all and sirgutar the coats, charges and expenses, including a reasonable attaney's (ee and cos~s of abstracts of title, incurred or paid at a~y time by said MORiGAGEE, because or in the event of the failure on fhe part of ihe said MORTGAGOR to duly, promptly and fuliy perform, d~uharge. execute, elfect, comptete, canply w~th and ab:de by each and every ~he stipulaians, agreements, condifions, and covenants of sa~d pranissory note and this t mortgage a~y or e~~her, and sa~d costs, charges and expenses, esch and every, shali be immed~ately due and payabie; whether w no? the~e be r+ot~ce de I mand, attempt to collecl or suit pending; snd the fu~l amount of each and rvery svch payment shall bear interest from the date thereof until paid al the rate of nine per centum per annum; and all said costs, charges and expenses inturred or paid, togelhrr w~th such interest, shall be setured by the lien of thi~ mortgsye. 6. That (a) in the event of any breach of this Mortga9e or defau:t on the part oi the MORTGAGOR, or (b) ir? the event any of satd sums of money herein referred ~o be not promptly and fully paid wirhin thirty (30) days next a'.ter the same severally become dve end payabte, withouf demand or notics, or (c) in the event each and every the stipulations, agreements, cond~rions and covenants of sa;d promissory note and th~s mortgage any w either are nol ~uly, promptly and fulty perfamed, d~scharged, executed, effected. completed, complied with and abided Sy, then in e+ther w any such event the iaid ag- g.egate sum mentwned in said promisswy nore then remaining unpaid, with interest xcrued, and alt moneys secured hereby, shall become due and pay- ' able forthwith, w ihereafter, at the option of said ~AORTGAGEE, as f~liy and completely as i1 all of the said sums of money were wginally st~Fulated i to be pa~d on such day, anything in sa~d prom~ssory note or in this Matgage to the contrary notwnhstand;ng; and thereu~or?-er~ereafter at the option of said MORTGAGEE, w~~hovt not~ce or demand, suit at law w in equity, therefore or thereafter begun, may be prosetu~ed as If all moneys secured hereby had matured priw re its institution. 7. That in the event ~hat at the beginning of or at any time pending any suit upon fhis Matgage, or to taeclose iL w to refwm it, or to enforce paymem of any ciaims hereunder, said MORTGAGEE shall apply to the Court having jurisdtuion thcreof for the appointmenl of ~ Receiver, such Court shall forthwith appo~nt a rece~ver of said mortgaged property all and singular, irxlud~ng all ~~d s,i~ular the income, profits, issues and revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mort~ag~! as if specifically set fwth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons a~ powe~s in anyw~se entruated by a Court to a Receiver, and :uch appointment shall be made by such Court as an admitted equity and a matte~ of abwlute right to said MORTGAGEE, and without refererxe to the adequacy w inadequacy oi the vatve of the property mortgaged or to !he solvency or insolvency o( said MORTGAGOR or the defendants, and thaf such renrs, profits, income, issues and revenves shall be appl~ed by such Raceiver accord~ng to the lien w eqvity of said MORiGAGEE and the practice of such Court. 8. To du~y, pr;.mp::y a:sd fvlty ~sform, d'es;hargr, exesute, eff=ct, c~!ete, cemply with and sbide by each and every the stipulations, agreements, i conditans and covenanrs in sa~d promisaay note and th~s mortgage set farth. ~ 9. That in the event the ownership of the mortgaged premises, or any part therecf, 6ecomes vested in a person ofhe? than the MORTGAGOR, the h10RTGAGEE, its successws and auigns, may, without notice to the MORiGAOR, deai with ~uch successw or successor in interest with reference to this mortgage and the deot hereby secured in the same manner as with Mortgagw w~thout in a~y way vit;al+ng or discharging the Mo~tgagors' li~ility Feere- under or upon tFw debt hereby secured. No sate of the premisea hereby mo+tgaged and no forbearance on the part of the MORTGAGEE or its successors or ass~gns and no exrension of the time for the payment of fhe debt hereby secured given by the MORTGAGEE or its successors or auegns, shall operats to release, d~scharge, modify change er affect the origina! liability of the MORTGAGOR herein, e~ther in whole w i~ part. 10. It is spec+F~cally agreed that time is of the e:sence of this contract and that no waiver of any obligation hereunder w of the obligation sr cured hereby ahall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add.~~o~ to the forego:ng r.tonthly payments af princ'pat and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee v~irh each manthly payment an add~rional sum est~mared by mortgagee to be eq~al to 1/12 of the anrtual cost of the follavm- ~~9: . A-All real property taxrs levied or as:~ssed against the above described reaf estate. I f 8-Prem~ums on (ire aod w~ndstorm insurar.ce as here~n requ;red to be carried on the improvements situate o~ the above desuibed premises_ ` C-Premiums o~ such mortgage guaranty insurance as mortgagte shall from time to time deem fit to carry on the loan secured hereby. ~ Mortgagee shaii f~om rirne to time notiiy mortgagor in writing of the amount due ar.d payable hereunder and such s~m shail thereupon be dve and ~ payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a cha~ge in such [ amount. $uch surns s!~alt be applied by mortgagee toward the payment of real property tazes, insurance prem:ums, and mortgage guaranty insura~cr f premiums. ~ IN WITNESS V~HfREOF, the said MORTGAGOR haa hereunto set his hand and seal the day s ye first aforesa~ Sign , Sealed an deliv r~d in the presence of: ~ •n •n aq rs°,q E SiATE OF FIORIDA ~ ST. LUCIE ` couNrY oF ! Fsmozy E. Nayes Before me perwnally appeared a~ j.IIC l lle Haye s his wife, to me well known and known to me to be ~ the individuals descr~bed in and who executed the fwegoirq instrument, and ackr.owledged befwe me that th~~ executed the same fw the purpoaes Lucille Hayes rherein expressed. And the said ~ wife of the ~~d _ nory E. ~ye5 upon a sepsrate snd priv~t+ ~ examination by me taken separate and apart from her said husband, atknowledged to and before me that ahe execvted said irutrument fretly and volum ~ rarily and without any compulsion, constraint, apprehension, r fear of w from her said husband. " ~ WITNESS my hand and officisl seal thi day of Novembez a~_ 19 69 ~ ~ ~ _ otary Pubfic in and fw the State of Florida at L+r~e My Cort~miuion expires: " Return To: ' z NOTAM PUDLICr STATE OF FLORIWI AT lAR6E ~~a, Fint fedenl Sav7ngs 3 losn /lssociat~on : J?~y COMMISSION EXPIRES SEPT. Z3, j97~ ~ Of Fort P~erce. ~~II~(1 f~ w. aE$jf~ ~ Fort Pierce, Florida y - FILED aND ~tECORDED ' ~ 1 COUNTY, FLA. ~ S7. LUC E ~ ; ` . _ , . . s~r (`0?4'jf~~~0 ~ r= ` 1 This Instrument Prepared By John W, Collin; ' r~ First Federal Savings 8 Loan Association ~~3 ' 7 1~ i(~ 09 of Fort Pierce ~ F lor ida ~ ~ . ~ ~j~~ ~ Checked By ~ F.C+GE? +''0~`TPAS ~ CLERK C!RCU~T COURT ~ BooK 1~1 ~~E 22Q ~ - ~ - ~ _ - : _ _ ~ . . r ~ ~.c~~aF 3~~ . ~3 ? ~ FA%w~s~- .C~ , -,'r~~'.^~~~