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To place and continuou~ly keep on ~he bvild~n9s now or hereaft~? ~~luats on said land and o++ all equ~pment and pe?so~ally covered by this mor1Q~ aga, w~th all p~em~ums thereon pa~d ~n fuil, fire insurance in the uaua~ etandard policy for-n, i:+ a t~m appro~ed by the MORiGAGEE, and windstam insurance in the usual srandard pot:q form, in a sum app~oved by the MORTGAGEE, in such compsny or companies as tha MORTGAGEE may di?ect; ~nd al! fire and w+ndirorm insurance pol~ue~ on any of sa~d build~ngi, any interest therein o~ pait Ihereof, in the aggrega~e tum afaesaid or in excess Ihereof, shall contain the usual standard mor~gages clause or such o~her clauae u Ihe Mo~tgagee may requ~re, making ~i~e loss unde~ ia~d polr ue~, each snd every, payable to said MORTGAGEE as ~ts interest may +ppear, and each and every sucA pol~cy ihatl be promp~lY ass.g~ed and delivered ~o sny held by u~d MORiGAGEE as further tecurity to said mortgage debt, and, not less ~han ten (10) days in advance of the expiratio~ of each policy, to da I~ver to sald MORIGAGEE a renewal Ihereof, together with a rece~pt for the premium of such renewal; and there shall be no f~re a v:indstorm insurar+ce plsced on a~y of said buildi~gs, any intereit therein w p+rl thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum of money becomes payable u~der such polity a pol~cies said MORTGAGEE shall have the opt~on ?o rece~ve and apply the sarre o++ accounf of the indebted- ness secured FK-eby a to permit said MORTGAGORS to reteive and uss it q any pmt thrreoi for othcr purposes, w~~ho~t Ih=reo/ waw~ng or u»{w~~- ing any eqv~ty. I~en or right u~der w by virtue of this mo:s9age; ar+d in the evenl sa~d MORTGAGORS shall fw any reason fait to keep the said premises so insured, w fail ro det~ver pramptly any of said pol~c~es of i~surance to said MORTGAGEE, w fa~l promplly to pay fully any premivm theretor or in a~y re~pcct fail to perfwm, d~scharge, execute, effed, camp~ete, comply wi~h arxi abide by this covenan~, w any part hereof, sa~d MORTGAGEE may place and pay fw such insurance ot any part thereof without waiving w affeding any opt~on, lien. equity, w right under a by virtue of this Mwt9age, and the full amou~t of each and evrry such paymenf shall be immcdiately due and payable and shall bear interest from the date thereof until paid rt tlu rate of nine per centum per annum and to~ether with suth interest shall be aecured by the lien o( Ihis mortgage. 1. To permit, tommit o? sufier no waste, impa~rment or detcrioration of said property w any part thereof. 5. To pay all and singu~ar the costs, charges and cxpenses, including a reasonable attorney i fee and costs of abstrads of title, incurred or paid at any time by said MORTGAG:E, because or in the event of 1he failure on thr part of the said MORTGACaOR to duly, p~omptty and futly perform, d~xharge, execute, effect, complere, compty w~th a~d ab:de by each and every the stipu~at~ons, agreements, co~ditions, and covenants of said promissory note and this morrgage any or e~~her, and sa~d costs, charges and expenses, each and every, sha~l be ~mmed~ately due and psyable; whe~her w not there be notice dr mand, anempt to collect w suit pending; and Ihe full amount of each irtd every such payment shall bea~ interest from Ihe date thereof until paid at the rate o; nine pe. centum prr annum; and a11 said costs, charges and exprr,ses incurred or paid, together w~th such interest, shall be secured by the lien of thi~ mortgaga. 6. Tha~ (a) in thc e~ent of any breach of this Mortgage or default on the part of ~hc MORTGAGOR, or (b) in the event any of sa~d sums of money herein referrrd to be not promptly and fully paid within thirty (301 days next after the same teverally become due and payable, without demand or notite, or (c) in the event eath and evrry the stipulations, agreements, cond~Nons and covenants of sa:d promissory note and th~s mortgage any w either are r?ot ~uly, prompNy and fully performed, d:scharged, executed, eifec~ed, completed, compGed wi~h and ab~ded Sy, then in e~ther w any such eveM the sa~d ag gregate sum men~ioned in said promissory note then remaining unpa~d, with interest accrued, and all moneys secu~ed hereby, shall become d~e and pay- ab!e forthwith, w thereafter, at the opt~on of said MORTGAGEE, as (u11y and completely as ii alt of ?he said sums of money were agins?ly stipulated to be pald on such day, anything in sa:d promisswy note w in this Mortgage to the cont.ary notwithstand~ng; and ~hereupon or thereafter at the option of sa~d MORTGAGEE, w~~hout netice or drmand, suit af law w in equity, fherefore w thereafter begu~, may be prosecuted as if all moneys secured hereby had matured pr~or Io its institution. 7. That in +he event that at the beginning of or at any t~me pending any suit upon this Mortgnge, or to foreclose it, or to refwm it, or to enforca payment of any claims hereunder, sa~d MORTGAGEE shap apply to the Court having juris~ict~on thereof for the appointment of a Receiver, such Geurt shatl forthwith appoint a receiver oF said mwtgaged property all and singular, includ~ng all and s~ngular the income, p~ofits, issues and revenues irom whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set iwth an~ deuribed in the granting and habendum clauses hereof, and such Receiver shall have a~l the broad and effective funct:ons and powe~s in anywise ent~usted by r Court to a Receiver, and cuch appointment shall be made by svch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without refererxe to the adequacy o~ irtadrquacy of the value of the properry mortgaged or to the sotvency or insolvency of sa~d MORTGAGOR or the defendants, and that such rents, profits, inco~M, issues and revenues shall be applied by such Receiver according to the lien w equity of uid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, dischsrge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditia~s and covenants in sa~d promisswy note and Ih;s mortgage set fwth. 9. That in the event the ownenhip uf the mortgaged prcmises, w any parl thereof, becwnes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successors and ass~gns, may, without notice to the HORiGAOR, deal with such successw a successa in interesl with reference to this mortgage and the debt here5y secured in the same manner as with Mortgagor witlwut in a~y way vitiating w d~stharging the Mortgagors' liability FKrt under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearartce on the part of the MORiGAGEE w its succeswrs or ass~gns and no exrension of the time fw the payrt+ent of the debt hereby secured given by the MORTGAGE~ or its successws or auigns, alwll opsjate ro release, d~scharge, modify change a affect the original liability of the MORiCaAGOR herein, either in whoie or in part. - 10. It is specifically a9reed that time is of the easence of this contract and that no waiver of any obtigation hereunder or of the obligaYan se- cured hereby shall at any time thereafter oe held to be a waiver of the terma hereof or oi the instrument secured herby. . 11. In acJd~t:on to the forego:ng r.wnth!y payments of pri~c'pal and interest required by the promissory note secured hereby, mortga~or tovenanfs and ag.ces to pay to mo:tgagee with each monthiy payment an add~rional sum est~mated by mortgagee to be equai to 1~'12 of the annual cost of the follow- ing: A-All real property taxes lev~ed or assessed against the above described real estate. I B-pr~~T:~~ms on ifre and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. i C-Pre~n~ums on such mortgage guaranty ir.surar,ce as mortgagee shall frem t~me to time deem fit to tarry on the loan secured hereby. ` ,y Mwtgagee sha!! fro~n t~me to time notiiy mostgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and ~ayable on the due date of the ~ext monthly payment and each successive month thereafter urti! morlgagee shail notify mortgagor of a charge in s~ch ~ a~-ount_ Such sums s~a:i te apptied by mo~tgagee toward the payment of real property tazes, insu:ance prem:ums, and mortgage guaranty insurance ~ premiums. IN WITNESS Y1HERcOF, the said RTGAGOR has hereunto set his hand and seal the day and year first atoresaid. € Si , Sealyd a d d i ' the presence of: s /r ~'irr_ (~'a4 ~ . ~ (Se+q ~ r~~~ ~ cs~o ~ STATE OF FtORIDA - ~ ~ ~ COUNTY OF SL . L uc ie ~ -,Before me personally appeared j renp Fex ~ A S inn~ 7 a Arl ~l t -~o,~ bi~ wi{q, to me well known and known to me to be ~ the individual~ desuibed in and who executed the faegang iratrument, and acknowledged befwe me that sFpy,.executed tt~e sart~e fW tM p~rrposes therein expressed. -Awi N»sai~ S AQ .r~fe..oi.tbe~aid ~ v~7P~r aid~v~b sRanNw~wow-by ~rwlakarLSepa~ata.aod apaci.from ~rr...ss~d busl~lod'~4~ ~o-~ ~b~fK~ w» ihr~.i6~ a~wtei I~iL!wIM~ ~aril «~-witl~wl.any-c«wpelsi~nr~ons~r+iw~r+Prr~haw~iow,-0s.t~ar.~osl~~riaidhuthao~L " `~~~~~•,~~v • ~ ~ y. ~ ~'~'J • ~ •t , r WITNE55 my haod snd official seat thi~ ~ day of ~4'D'Y.~j4y~- ~ ' .~a~:~^ ~ - " ~ C :z - _ Notary Publ'~c in and fw tM ilafe a `di• I~at~i`• ~ = My Commission e:pires: ! ) : ,3.`.; ~,Q • ~ , ~ R~t~~~ To: FILED AND~RECORDE - ~ First Federal Savings 8 Loan Association ST. LUCIE COUNTY'~;,~`'`^~ r''~` Of fort P~erce. ~F-~QRD VERIFIEU • • ~ Fort Pierce, Florida ~ 186~30 ~ - 3 - _ '~g NOV 21 AM g; pg ~ This Instrument Prepared By RiCh2?rd K. Kayes First Federal Savings b Loan Asso:~ation ~ ~ of Fort Pierce, Florida rOGER POITRAS~ ~ CLERK CIRCUIT COURT~ . ~ Checked By ~ ~ B00l~~V1 PAGf ~V~ ~ ~ ,,r'; c f ~i. -t . , ~ . . . • . ~ i" :n ~ . a++~,:.~."'Zs °~'.s<~..a . ~...4 , ~ _ _ . - . ~ G. aa~"'4f~~ =~~ic~i