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To place and continuously keep on ~he bui!dings now w hereafter ~itv~te on :std I~nd and on al~ eq~ipnent and personally cove~ed by this morty- 1 sgs, with all prem~ums ~hercon pa~d ~n full, lire insu~ance i~ the vsual standerd policy fo~m, in a 3um appro~ed by the MORIGAGEE, and windstam ~ insurance in ~he uiua! s~andard poGcy form, in a sum approved by the MORTGAGEE, in iuch company or ca.npa~ies as the MORTGAGEE may k direct; and all fire and w~ndstorm insurante policies on any of said build~n9s, any intereit therein or parl thereoi, in the aggrega~e sum afwesaid w ~ in exceu Ihereof, ~hall comain the uiual standard ma~gagee clauu or such oiher dauis ~s the Mortyagee may reqwre, maAing the loss under sa~d po1F # ues, each and eve~y, paYabte ~o said MORTGAGEE as iq iMerest may appear, and e~ch and evury such polfcy sRal; be promptly ass g~ed and delivered to •~y held by said MORfGAGEE as (ur~hr~ security to said mo~tyage debt, snd, no1 leu than ten (101 days in advance oi the eapiration oi each'pot~cy, to dr i~ver ~o said MORTGAGEE a renewal Ihe~eoF, ~oge~he~ with e receipt for the premium of such renewal; and there shall be no f~re o? windseorm inaur~nce placed on any of said build~ngs, any intere~t therein w part the~eof, unless in the form and with the Icss payable as afaeiaid; and in the event ~ny sum of money becomes payable under such policy w pol~cies said MORTGAGfE shall have ihe opt~on ?o receive and apply the same on account of ~he indebted- ness stcured hereby or ro permit said MORTGAGORS to rcteive and use it or any parl thereof for ornrr purposes, ~v~~ho~t Ih~rrb~ wai~ing or ~mpair- ing any equ~ty, tien a r~ght urwaer or by virtue of thia mo:tgage; ~nd i~ ths evero sa~d MORTGAGORS shall fpr sny reason {ail to keep ~he s~id p~emises so insured, w fait to deiiver promptly any of said policies of insurance fo ssid MORTGAGEE, or fait promptly Io pay fully any premium therefor or in any respect fail to perfwm, d~scharge, e:ecute, e(fect, complete, cor.~ply with snd abide by this covenant, a any part hereof, said MORTGAGEE may pl~te and pay fa such insvrance or any part thereof without waiving w affecting any option, Iien, equity, w right under w by virtue of ~h~s Matyage, and the full amount of each and e.•ery such payment shall be immediately dve and payable and shall bear interest from tho date thereof until paid at the rate ol ~ ine per centum per annu~n and to~ether with suth interest shal{ be secured by the lien of thia mortgage. 1. To permit, commit or suf(er no waste, impairment o~ deteriorotion of said property a any part thereof. S. To pay alI and s~ngular ~he cosrs, charges and expenus, including a reasonable attaney i fee and costs of abstracts o! title, incurred or psid at eny time by said MORiGAGEE, bs:ause ot in the event of the failure on the Farf of ths said MORTGAGOR to duly, p~omptly and fully perform, d~uharge, execute, effect, complete, comply w~th and ab;de by each and every the stipulanons, agreements, cond~tions, and covenants of said promissory note and this mortgage any or ei~her, and sa~d ccsts, charges and eapenus, each and every, shall be immediately due and payable; whether or not there be notice ds mand, attrmpt to co!!ect or suit pe~d~ng; :nd rhe full amount of each and e~ery svch payrrKnt shall bear interea? from the date thereoi until paid at the ~are o~ nina pe~ tent~m per annum; and all said tosts, thar9es and exFenses incuned or paid, together wnh such intereat, shatl be setured by the lien of thi~ mortgsge. Q That (a) in the event of any breach of this Mortgage o~ default on the part of tne MORTGAGUR, a(b) in the event any of saFd sums of money herein referred to be not promplly and fully paid within th~rty l30) days next after the same severa!ly become due and payable, without demand w notice, or {c) in the event each and every the stipulatio~s, sgreements, conditio~s and covenants of said promissory note and th~s mortgage any o~ ~itF~ are not ~uly, promptty and iully performed, d~scharged, executed, effected, complered, complled with and abided by, then in e~ther w aay such event t1~e said ag gregate sum mentioned in aaid promissay nota then remaining unpa~d, with interest accrued, and atl moneys secured heroby, shall become due and pay- able forthw~th, or thereafter, at the opt~on of said MORTGAGEE, as fully and completely as if all of the said sums of money were aginally ttipulated ~ to be pa:d on such day, anything in sa:d promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of ' said MORTGAGEE, without not~ce or demand, suit at law a in equity, therefwe or tfiereafter begun, may be prosecuted as if all moneys setured hereby ? had matured pnot to rta institutic~n. 7. That in the event that at tlx beginn+ng of w at any time pend~ng any suit upon this Mortgage, w to fweclose it, or to refwm it, or to enforce payment ot any claims hereunder, said MORTvAGEE shall apply to the Cou~t having jurisd~ction thereof for Ihe appointment of a Receiver, iuch Court shall ~ forthwith appoint a receiver of said murtgaged prooe~ty a11 and singular, inclexl~ng all and singular the income, profits, issues a~d revenuea from whate~e~ ~ source derived, each and every of which, it being expressly understood, is hereby mortgaged as +f spec~fically set forth and dexribed in t1?e granting and habcndum ciauses hereof, and suc6 Receiver shall have atl the broad and effea~ve f~nct~ons and powers in anywise entrusfed by a Court to a Receiver, aru! s~th appointment shall be made by such Court as an admitted equity and a matter of absolute right fo said MORTGAGEE, and without reference to the edeq~acy w inadeq~acy of ~he vatue of the property mortgaged w to the so~vency w insolvency nf said MORTGAGOR w the defendants, and that such rents, profits, incame, issues and reven~es shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the prattice of such . Court. { 8. To du1y, promptly and fulty perform, discharge, execWe, effect, complete, comply wl~h and abide by cach and every the stipulations, agreementt, ~ conditions and covenants in sa~d promissory note and this mwtgage set tath. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGApR, deal with such s~cceuo~ w successw in interesl with reference to this mo~tgage snd the debt hereby secured in the same manner as with Mortgago~ without in any way vitiating or d~uha~ging the Mo?egagori liability herr under or upon rhe debt he~eby secured. No sale of the p~emises hereby mortgaged and no forbearance on the part of the MORTGACiEE a its succnsors ~ or assigns and no ezter.s~on of the ~ime for the payment of the debt hereby secured given by the MORTGAGE'_ or its successors or auigns, shall operate ro release, d~scharge, modify change w affect the original liability of the A10RTGAGOR herein, either in whole or io part. 3 10. It is speufically agreed that time is o( the essence ol this coMract and that no waiver of any obGgat7on hereunder or of the obligatan sr i cured hereby shali at any lime thereafter be held to be a waiver of the terms bereot w of the instrument secured herby. ~ ~ I1. in acid:;~on to the fwego ng monthly payments of princ'pa~ and interest required by the prom~ssary note secured hereby, mortgagor covenants ~ and agrees to ~ay to m.ortgagee with each monthfy pay:nent an add~rional sum est~mated by mortgagee to be equal to 1/i2 of the annual cost of the follow- E ing_ , ~ A-All real property taxes levied or assessed agai~st thc above desui5ed real estate. ; t B-Prem~~~ns on fire and windstorm insurar.ce as herein requ~red to be carried o~ ~he improvements situate on the above desc.ibed premises. ? ( C-Premiums on such mwtc~age guaranty ir.surar~ce as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby. ~ ~ Morsgagee shal! from time to time Rot~fy mo~tgagor in writing of the amount due and payable hereundrr and such sum shall the?eupon be due and ~ Fayable on ~he due date of the next month!y payment and each successive month thereafte? ur.til mortgagee shall not~fy morfgagor of a change in such ~ amouni. Such surns sha:l be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guara~ty insurente oremiums_ ~ INl WIiNE~S YJHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afaesaid_ ~Egned, Sealed and livered in the'presence of: ~ , / al) ~ r ~.5la~ t i ~ a ~ i a STATE OF FLORIDA ~ ~ COUYTY OF St • L11Ci@ ~ e~fa~ ~ personaily appeared Georae H. Tho~as and t~t~rv .I. Thoaaa~ his wife~ ,,,d Rranklin A• NdZl~f and Valerie Harris ~ his wife, to me well known and known to me to be ~ the individuals destribed in and who exetuted the foregcing instrument, and atknowledged before me that they eaecuted the same for the purpous ~ therein ~x~.~:ua. a,a r~ said Marv J. Thoaas, wife of th~ said Georga H. ~oaas~ and ~ ~ wife~idw~wd~ upon a separate snd private 3 examination by me taken separate and apa?t from ~ ssid husbandpatknowledged to and befwe me tF.sl~.;~txecuted said instrumeM Jreely and volun- ~ ra:ily and witho~t any canpuliron, constraint, apprehension, w feu of or frorrrtlKi uid husban~- ~ WITNESS my hand and official seal this day of r A. D. 19_~~ 3 s FILEO AND RECORDED~ ~ ~ ST. LUCIE COUNTY. FL . Notsry Pu in and fw the State of Florida .t u~~ ~E 186E45 ~ My ss~ ~ ~ Retum To: 6~ ~ 9 7~ " Fint Federal Savings 3 Loan Association ~ Of Fort P~erce. ~6g OEC v /Y9 a7 ~ ~/s _ - i ;13f~ 0~ F~G~t~d Lt UfQC ~ ~ r• 1971 ; Fort Pierce. Florida • ~;i~~~ '~S'IM~ FX~rUtS ?~-G9. b. . ~ ~ ~ J~ ` ~ . : ia~~+e~ k M.r.w F4~ ~ c~a~±1Nt S+v ; a ~'i i(/:~7 _ - ~ c'J .l~ ' ~n f~OG~R r OITRAS ' ; : ~ = ~ - ` ~ This Instrument Prepared ~yL~~C~Cl~1Ci~~T;` : ! C~ : ~ First Federal Savings 8 loan Association 4~; • of Fort Pierce ~ Florida ~ . ~ ~ :c_ ~,1~~ • _ ~ ' - . a Checked By~- k?~ ~ BQOK181 PACE1447' ~ i~ i ' r~_ . . _ ~~Y'+u _ . . . . . ~ 4~+.~:.. ..r..~~a'~i