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To place and continuously keep on the bui!d~ngs now cr hereafter ~itua~e on sa~d tand and on alt equ~pmen~ and personally covered by this mwtg~ ~ge, w~th all prem~ums thereon pa:d in fu11, fire insurance in ~he usval s~andard poticy form, in a s~m approved by the MORfGAGEE, and windstwm insu~ance in the usual trandard po~~cy fwm, in a s~m approved by the MORTGAGEE, in such tompany or compan~es as the MORTGAGEE may direcl; and all (ire and w~nd~torm insu~ance policies on any oi said build~ngs, any interest therein or part thereof, in the aggregate ium sfores~id or 1~ exccss ~hereof, shall conta~n the usual standard ma~gagee clavse o~ such other clause as the Ma~gagee may requ~re, maling ~he loss under sa~d po~i- cies, each and eve.y, payab~e to said MORTGAGEE as its in~eresl may appear, and each and every such po!~cy shatl be p~orr.ptly ass.gned and de~~vered ~o any hetd by said MORTGAGEE as (uriher secur~ty to sa~d mor~gage deb~, and, no~ ~ess than ten l10) days i~ advance oi the e~pirat~on of each pol~cy, to da liver to said MORTGAGEE a renewal thereof, toge~he~ with a rece~pt for 1he premium of such renewal; and there shall be no f~~e or wi~idsto~m insurance plated on any of sa~d b~ild~ngs, any interest therein or part ~hereof, unless in the form and with ~he ~oss payabte as aforeia~d; and in the event any sum of money becwnes payable under such poliq or pol~ues said MORTGAGEE shalt have the option to rcceive and apply the same on accounl of Ihe indebted- ness secured hereby or to perm~t uid MORTGAGORS to rcceive and u~e it p any part thereof tor oth~r purF~oses. .v~~~w.,t th.~.u~ w~i~~n3 cr ~~np~~r ing any equ~ty, lien w right under or by virtue of this mo:'gage; and in the event sa~d MORTGAGORS shali for any reason fail to keep the aaid premisas so ins~red, or fail ro deliver promptly any of said po~~cies of insurance to said MORTGAGEE, ot fait promptly to pay tu'ly any pre~r~um therefor or in any respea fail to perfwm, d~scharge, execute, effect, comptete, compty with aod ab~de by this covenan~, a anyt par~ hzreoi, :aid MORiGAGEE mey place a~d pay (w such in~urance w any part the~eof without waiving a affecling any option, lien, equ~ty, o~ ~~ght unde~ w by virtue of thia Mortgage, and the full amount of each and every such payment shall be immediately due and payable a~d shafl bear interrst from the date thereof until paid at the ~ate ol nine per centum per annum and to~ether with svch interest shali be secured by the lien of this mortgage. 1, To permit, commit or suffer no waste, impairment w deteriorotion of sa~d property o? any part thereof. 5. To pay all and singutar the costs, charges and expenses, including a ressonable attorney i(ee and costs of abstracts of title, incurred o~ paid s~ any time by said MORTGAGfE, because or in the event of the (aifure on the part of the said MORTGAGOR to duiy, promptly and fu:ly perfwm, d~scharge. eaecute, e(fect, complete, comply w~th and ab:de by each and every the stipulat~ons, agreen~ents, conditions, and covenants af said promisso~y note and this mort9age any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether or not there be nonce dr mand, attempt to collect w suit pend~ng; and the fuh amount of each and every svch payment shall bear interest from the date thereof until pa~d af the rate of nine per centum per an~~um; and all said costs, charges and expenses incurred w paid, toge~her wdh such interest, ahall be setured by the lieo oi this mortgage. b. TFwt (a) in the eve~t of any breach of this Mortgage or default on ttr_ part of the MORTGAGOR, or (b) in the event any of sa:d sums of money here~n referred to be not prompHy and fully paid w~~h~n ~h;~~y (302 days nex~ after the same seve~a'ly become due and payable, without demsnd or notice, or (c) in thr event each and every Ihe slipulations, agreernents, conditions and covenanta of sa,d promissory ~ote and th~s mortgage any or e~ther are not ~uly, promptly and futly periormed, d~scharged, executed, effected, completed, compf~ed with and abided by, then in e:ther or any svch event the said ag gregate sum mentioned in said promisswy note then remaining unpa~d, with interest accrued, and at~ morteys secured hereby, shatl become due and pay- able forthwith, or thereatte~, a1 the option of said MORTGAGEE, as futly and completety ns if all of the sa~d sums of money were or~ginally s~~p~lated ' ro be pa:d on such d.:y, anything in sa:d prom~ssory note or in thia Mwtgage to the comrary notwithstandi~~g; and thereupon or thereaher af the option of said MORTGAGEE, w~rhout notice or demand, suit at law w in equity, lherefore w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor to ~ts instituuon. 7. That in the event rhat at the beginnirg of u at any t~me penciing any su7t upo~ this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims herrunder, said MORTGaGEE shall apply to the Court having jur~sd~ction thereof for the appo~ntment of a Receiver, such Cwrrt shall forthwith appoint a rece~ver of said mortgaged prooerty all and singular, includ~ng all and singular the income, prolits, issues and revenues from whatever source derived, each and every of wh;ch, it being expressly undersrood, is hereby mortgaged as if speciticalty set forth and described in the granting a~d habend~m ciauses hereoF, and such Rece~ver shall have all the b.oad and eiiective funct~ons and powers in anywise entr~sted by a Court to a Receiver, and such appointment shall be made by such Cou:t as an ad+nitted equity and a ma~ter of absolute right to said MORTGAGEE, and without reference to the adequacy o~ inadeq~acy of the value oi the property mo~tgaged or to the sotvency or insolvency of said MORiGAGOR or the defendants, and that such renrs, protits, income. issues and revenues shat{ be applied by such Rete~ver accord~ng to the lien or equity ot said MORTGA6EE and the practice of such CouA. 6. To duiy, prompsly and fully perform, discharge, execute, effect, complete, compfy w~th and abide by each and every the stipulations, agreemenfs, conditions and covenants in ia~d promisswy nole and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other fhan the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal w~rh svch successor w successor in interest with reference to this mortgage and the deb~ hereby secured ~n ihe same manner as with ~hortgagor without in any way vit+ating or discharging the IAortgagors' liability here- under or upw~ the debt hereby secured. No sale of the premises hereby mertgaged and no forbearance on the part of the MORTGAGEE o~ its svccessors or assigns and no extens~on of the time (or the paymeM ot the debt hereby secured given by the MORFGAGE~ or its successors or assigns, shall operate 1o refease, discharge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is spaufical{y ag~eed that time is of the essence of this contract and that no waiver of any ob~igat~on hereunder w of the ob!grYron se- cured hereby shall at any time thereafter be ne:d to be a waiver of the terms hereof a of tht instrument secured herby. I1. In add~no~ to the forego'ng monthly paymems oi princ'pal and interest req~ired by the prom~szory nore secured hereby, mortgagar tovenants and agrees to pay to mo:tgagee with each monthly payn,ent an add~~ional sum est~mated by mortgagee to be eq~al to 1 j 12 of the annual cost of the follow- ~~g: i A-AII real propert~ iaxrs tevied or assessed agai~st the above describcd real estate. B-Premtu~ns on fiie and .vindstorm insurance as herein requ:red to be carried on the improveme~ts situate on the above described premises. C-Premi~ms on s~ch mortgage guaranty insurar~~e as mortgagee shall fro~n t;me to ti~ne deem fit to carry on the loan secured hereby. Morfgagee >ha!I !rom ~~~ne to time notify mortgagor in writ~ng of the amount due and payable hereundrr and such sum sha11 ihereupon be due and payable on the ci~e date of ~he ~ext month!y payment and each successive month thereafter urtil mortgagee shall not~fy mortgagor of a change in such amount. Such sums sFa.i be applied by mortgagee toward the payment of rea: property ta:es, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITPJESS WHEREOF, rhe said MORTGAGOR has hereunto set his hand and seal the day a yea rst aforesAi . ~ Seal~ Signed, Seafed ard delivered in the presence of: an as.r~s~/ se+4 ~ al) Seaq ~ - ( Seal) STbTE OF FLORIDA ~ ~ ~ COUNTY OF ~t. Luc ie ~ Before me rsonally appeared L'+1111~ F. SamRson and gonita G. S3IIIj?SOD. }115 W f@: Howard ~ W• ~am~son and He~en D. Sampson, his wife; and Eaerson G. ~IIPshonw~f~~l e~~ a~d~D~,~~+~+e to be the individvsls descriNed in and who executed the foregoing instrument, and ecknaniedged befwe me that ihey executed the same fw the p~nposes ~he.~~~ e:pressed. And t~ ~a~d8onita G. Sampson, wife of : illiam F. Samps~n; and Helen D. Sam son Sam son• and Iris T. Sam son wife of Emerson G.~g' wi(e of the said Howard W. P ~ .P ~ upon a se{»rats and private exam;nation by me taken separate and apart from7t~ uid husbandt acknowledged ro and before me that `}he~xecuted said iMtJument ~fteely and volurr tarily and without any compulsion, constraint, apprehension, or fear of or fromih~lr said husbandF : r-~ ~ . . . . . . WIiNE55 my hand and officinl seal this a~ day of November ••.~,.,p, ~y 69 C ~~ci~~Jt!?~ - Notary Pubtic in end for the 51ate afi:F{orjda al Lsr~ My Commi:sion eap~rcs: ~Z_ 3 _ /j~ ~ : • ~ , Retum To: • ° : = ~ ` First Federal Savings 6 loan Association " i oF fo~~ P,er~e. FILED AND RECORDEO~ ~ Fo.~ Pierce, F~ot;aa ST. LUCIE COUNTY, FLA. R=.~f1FC :'ERIr:ED 186442 This Instrument Prepared By Richard K. Kaye 969 ~CC 3~ 9• ~ Z First Federal Savings 8 Loan Association ' , ~ of Fort Pierce, Florida _ ~i~~~.J~_~ ~~OIT~HS Checked B CLERK CtRCUIT COURT ~ cf ~ ~ 800K 1~~ PACf 1~70 ~ , _ ~-4 - _