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To piace and continuously keep on the bui'd~ngt now a hereafter ?Ituate on ~a~d land and on +II equ~pment and persona!ly covered by 1hi~ matg~ ega, w+th all premiums ~hereon pa~d i~ full, i~re insurance in the usual atandard po~ity form, in a sum approved by the MORiGAuEE, and wind~torm insurancs i~ ?he usual iiandard po~:cy form, in s sum appro~ed by rhe MORTGAGEE, in such compsny ar compan~es as ~he MORTGAGEE msy d'nec1; and all fire and w~ndsrorm insurance policies on any of said build~ngs, any inte~est therein or part thereo(, in the aggregate sum a(oresaid or In ezcess thereof, sAall contai~ the usual standard mo~tgagee clause a auch o~ha clsuss as the Mortyagee may requ~re, making the Ioss under ~a~d poli- mo cies, each and every, payab~e to said MORTGAGEE as its interest may appwr, and each and every such pol~cy shall be promptlY ass g~ed and delivered ~o any heW by sa~d MORTGAGEE as (ur~her security to ssid mortgage debt, and, not leu than ten (10) days in advance of the expirat~on of each policy, to da t~ver to said MORiGAGEE a renewal the~eof, togethe~ with a receipt for the premium of such renewal; and ~here shall be no f~re or winds~orm insuranca plsted on a~y of said buildings, any interesl thrre~n w part thcreof, ~nless in Ihe form and with the loss payable as eteresaid; and in the event any sum of money becomes payable under suth policy w policies said MORTGAGEE shall have the op~ion to rcceive and appty the aame on accoum of the indebted ness secured hereby o~ ro permit sa'd MORTGAGORS to receive and us~ it or any part thereof for otiier pu~posrs, .v~iho~t th_r~o/ wa~~ing o~ nnpau- ing any equity, lien or right undec w by virtue of th~s mor:gage; and in the event sa~d MORTGAGORS shall iw any reason fail to kecp the iaid prem~sri so insured, or fail ro delive~ p~omptly any ot iaid polK~es o( insurance to said MORTGAGEf, o~ fail promprly to pay fully any pre~n~~m therefw or in a~y seepect fail to perform, discharge, execute, elfecl, complete, comply with and abide by this covenant, a any part hrreoi, said MORTGAGEE msy place and pay fa such insurance w+ny pa~l thereof without waiiing or affectin~ any option, lien, equ~ty, w rtgh~ under w by virtue of this Mwtgage, •nd the full amount of cach and every such paymen~ shall be irnmediately due and payable and shall bear interest from the date therrof un~~l paid at the rate o1 n~ne per cenrum per annum and to~ether with suth intsrest shall be secured by the lien of this mortqage. 1. To permit, commit a wffer no waste, impairment w deter'aration of said propcyty w eny part lhereof. ± S. To psy all ~nd singulsr the costs, charges and expe~ses, including a reawnable sttorney i(ee and coses of abstrac~s of title, incurreJ w psid st y any time by sa~d MORTGAGfE, bccause w i~ ~he event of the failu?e on the part of the said MORTGAGOR to duty, promptly and futly perform, diuha~ge. ~S execute, effec4 complete, comply w~th and ab~de by each and every the st~pulat~ons, agreements, cond~tions, and covenanes oi sa~d prom~ssory note and ~his ? mortgage any or either, and sa~d cosrs, charges and expenses, each and every, aM~l be immedietely due and payable; whether a not there be notlce dc ; n,and, attempi to colled or suit pend~ng; and the full amount of each and every such paymrnt shall bea. interes~ from the date thereof unt~l paid at the ~ rate of nine per centum per am~u:n; and all sa~d costs, charges and ezpenses incu:red w paid, together w.th such interest, thall be secured 6y ths lien of this mortgage• b. That (a) in the evenf of any breach of this Mortgage or default on tFr part of thr MCRTGAGOR, or (b) in the event any of sa:d sums of mo~ey herein referred to b~ not promptly and fully paid within ?h~rty {30) days next after the same :tve~a!ly betome due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, cond~tions and covenants of sa:d promissory note and th~s morlgage any or either are nol iuty, p~ompfly and fully performed, d~scharged, eaetufed, effected, completed, compl~ed with and abided by, then in e~ther w any such event the said a¢ gregate sum mentioned in said promisswy note then remaining unpa~d, with interest accrued, and alI moneys setured hereby, shall t>ecame due and pay- ~ ab~e (wthwith, or thereaEter, at the optio~ of said MORTGAGFE, as fully and completely as ii all of the said s~ms of money were or~ginatly st~puiated to be pa~d on such day, anything in sa:d prom~sso~y note w in this Mortgage to the contrary notw~thstand~ng; and rhereupo~ or thereafter at the op~ion o( ~ sa:d MORTGAGEE, without notice or demand, suit at law or in equity, therofore w thereafter begun, may be prosecuted as if all moneys secured hereby nad mature:~ pr:or to ~ts institution. 7. That in the event that at the begi~n:rg of a at any time pending any su~t upo~ this Mortgage, or to faeclose it, or to reform it, or to enfo?ce payment of any cla~ms hereundrr, said MORTGAGEE shall apply to the Court having jurisd:ction thereof for the appo~ntmeN of a Receiver, such Court shall for~hwith appoint a receiver of said mwt9aged prooerty all and singular, includ~ng all and singular the income, p~of~ts, issves and revenues from whate~er sour~e derived, each and every of wh~ch, it being expressly understood, ~s hereby mortgaged as if speufically set fw~h and dexribed in the granting and habendum cfauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s~.,ch appointment shell be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy o? ~nadeq~acy of the val~e of the property mortgaged or to the w~vency or insolvency of said MOR7GAGOR w the defendants, and that such rems, profits, inco~ne, issues and revenues shall be applied by such Receiver accordmg to the lien or equiry oF said MORTGAGEE and the practice of such ~ Court. 8. To duly, promp~ly and fully perform, discharge, execute, effcct, complete, comply with and abide by ea:h and every the stipuiations, agreements, conditions and covenants in sa~d promissory nofe and this mortgaga xt fath. 9_ That~in the event the ownership of the mor?gaged premises, or any part thereof, becomes vested in a perwn other than the MQRTGAGOR, the ~ h'.CRTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeuw w successor i~ interest with reference to this mortgage and the d~bt hereby secured in the same manner as with Mortgagw without in any way vitiating a diuharging the Mortgagars' liability hert under or upon the debt hereby secured. No sale of the premises hereby rtartgaged and no forbearance on the part of the MORTGAGEE w its suctesson or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGf~ or its svcceasots or auignf, ahall operate ~ to release, d~uharge, modify change or affect the orig~nal liability of the MORTGAGOR herein, either in whole or in part, t 10. tt is spec~f~~alfy agreed that Nme is of the easence of this contran and that no waiver of any obl~gat~o~ hereunder or of the obligaYan sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. f 11. In aud:fo~ to the fo~ego'ng momhly payments of princ pal and interest requ~red by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~iional sum eat~mared by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-AII real prooerty ta,crs levied or assessed against the above described real estate. B-Pren.~u~::s on f~re and wendstorm i~surance as herein requ~red to be carried on the improvements situate on the above described premises. C-Prem~~ms on such mortgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mo~tgagee sh;i! frcm ti~ne to time notify mortgagor ~n writi~g of the amount due and payabte hereundrr and such sum shall thereupon be due and Fayable on the c!ue o~re of the n~rt month!y payment and each successive month thereafter urtil mortgagee shal~ notify mortgagor of a char.ge in such a~ount. Sucfi sums sHail be app!ied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, and mortgage guaranty inwrance ~ p~emiums. ~ IN WITNESS WHERcOF. the said MORTGAGOR has hereunto set his hand and seal the day and year ~irst aforesaid. ~ , Se a iv m the prexnce of: ° +4 ~ _ Sea4 -R ~ ~n ~ ~ rs'.q i ~ STATE OF FLORIDA ~ St. Lucie ~ couNrY oF ~ ~ Before me penonally appeared Earl Srown and ~ Barbara BrOWIl his wiie, to me wel! known and known to me to be ~ rhe individuais desvibed in and who executed the foregoing instrument, and acknowledged before me that tbey exetuted the same for the purposes ~ rnerein expressed. And the said Barbara Brown ` .Vife of the said Ea rl B rown ~poi~ a stparste and private ~ examination by me taken separate and apart from txr said husband, ackrawledged to and before me tnat she exetuted ssid`~i~Yt~~w?er~~,frgplr snd vol~n- ~ rarily and w~thout any compuis~on, constroint, apprehero~on, or fear of o? from her wid husband. ; ~ ; ~ r . - WITNESS my hsnd end official sea) thit~ P r~ day of i~IOV@labQl ~ ~ _~A '-(~~~q 6~ F - ~ ~L~~tR~" 1 . ~ = i _ ~L~L.~"~ ~ ~ ~ ~Q'~ t t Notary Public in and fw tiw 51ate qr~rloeaa aF Latp~ ~ My Commisiwn expires: _ - . . ' ~ , f - Rerum To: . ' ' _ First Federal Savings d. loan Association _ 3 _ ' : . • ; . = Of Fort P~erce. . - Fo,~ Pierce, Florida FILED ANp RECORDED' ST. LUCIE COUNTy ~~`C~f?7 V~RIF~Ep~A. ~ This Instrument Prepared By ~ichard K. Kayes~ 18L+ 4 V ~ First Federal Savings & Loan Association 69 ~~L+ f 2~0 ' of Fort Pierce, F lor ida ~ 9. y 8 ~ ~ Checked By ' :t Q ^ . ~ : J~~ C~L~ ~ ~ CLERK~CIRC~IT COUR ~ T ~ ~ i -BOOtc~~~. PVICE ~ ~ • cf ~ ~ ~ - - _ ~ ~~~~:r a~. . ~ _ ~ w.~t ~