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To place and continuously keep on the buildirv,~t now w hereafte? ~~tuat~ on said ~ar~d and on sll equipment and perso~ally cove~ed by th7i mortg ~g~, wi?h all p~em~ums thereon pa~d in full, fire insurancs ~n the ~sual sranda~d poticy form, in a sum approved by ~he MORfGAGEE, and winde~orm insuranc~ fn tl~a us~al uanda.d po1;:y fo~m, in a sum approved 'oy t1+e MORTGAGEE, i~ s~ch company or compan~cs as ?he MORiGAGEE may d~rect; ~nd all (irs and w+nds~orm inaurance po~iues on ~ny oi said build~nys, ~ny i~terest therein o~ part thereof, in Ihe agg~egate sum aforesaid w in eKCeu thereof, shall contai~ the usual standard mertgage~ clause w such othe~ clause ai the Matyagee may requ~re, making the toss under sa~d po~~ c~es, each and every, payab~e to sa~d MORTGAGEE ae as inte~est may appea~, and each and every such pouq shall be prompt~y ass g~~ed a~d dativered to ~ny held by said MOk1GAGEE as tur~her security to said mortpage debt, and, oot less tM~ ten (10) days in advance ot the explra~~on of each pol~cy, to da IivN to ssid MORIGAGEE a renewal ~hrrecf, together with a receipt tw the premium ot such renewal; and there shall be no f~~e or wi~~dnior~n insuronce placed on a~y of said buiid~ngs, any interrsl thue~~ or part tlureof, unless in the form and with the loss payable a~ afwesaid; and in the event any sum of money becomes payable under iuch policy or pol~cias u~d MORiGAGEE ~hali have ~he opt~on to reteive and apply the same on account of the indeb~ed~ oeu sea~red FKreby w ro permit ssid MORTGAGORS 1o reteive and use it w any pa~t thereof for othcr purN~aes, v+itho~t ~h_~~o/ warvr~3 or ~mpa~r inp any equity, lien or right u~der or by virtue of this mo:tgage; snd i~ th~ event ~ald MORTGAGORS shall fw any reaso~ fail to keep the said prcmi~es so insured, w fail fo deliver promptly any of said policies of insurante to said MORTGAGEE, w fail promptly to pay fuily any pre~n~um thertfor w in a~y respett fail lo perfwm, distharge, exccute, ef(ect, comp~ete, comply with and ~bide by this covenanl, a any part hereof, said MORTGAGEE may plate and pay ior such insurance or any part thereof without waiviry w affetting any option, lien, equ~ty, w nght unde~ w by virtue oF this ~M1o~~gage, and ihe full amount of each a~d every'~vch payme~t shall be immcdistely due and payable and shall besr interest from the date thcreof umil paid at the rate oi ; nine per cenrum per annum a~id to~rther with such intrrest shall be secured by the iien of this mortgage. ` To ptrmit, commit w suffer no waste, impairment w deterioration of said propcrty ot any part thereof, s S. To pay all and singulsr the costs, cherges and expenxs, includir?g a reasonable ~ttwney i fee and cos~i of abstracts of title, incurred or pai~ at ~ sny time by said MORiGAG:E, bccause or i~ the event of the (ailure on the part of ~he said MORTGAGOR to duly, promptly and ful~y perform, d~scha~ge, j execute, effec~, complete, comply with and ab:de by each and every the stipulations, agree:nents, cond~tions, and covenants oi sa~d prom~ssory note and th~i ~ mortgage any w e~~her, and sa~d costs, chargcs and expenses, each and every, shall be immed~ate~y due and payable; whe~her w not ihere be no~~ce d~ ma~d, attempt to cotlect or suit pend~ng; ar+d the ful! amount of each and every such payment shall bear interest from the date thereof until paid a~ the rate of n~ne per centum per annum; and a~l said costs, charges and expenses incur~ed or paid, together w~th such interest, shall be secured by the I~en of th~s mortyage. 6. That (a) in the event of any breach of this Mor?ga9e or default on the pa~t of the MORTGAGOR, w(b) in the event any of sa~d svms of money he?ein referred to be not promptly and fully paid within ~hirty (30) days nexl after the same severally beco~ie due a:~d payable, without demand or notice. or (c) i~ the event each and every ~he stipulations, agreements, to~d~tions and covenants of sa:d promissory note and th~s mortgage any or ei~her are not ~uly, promptly and fully performed, d~xharged, executed, effected, completed, compl~ed with and abided by, then in e~ther w any such event the said ag gregate sum mentaned in said promisswy note then remalning unpaid, with interest acuued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafrer, at ~he option of said MORTGAGEE, as fully and comple~ely as if all o( the sa~d wms of money were orig~nelly st~putated to be pa~d on such day, anything in sald promiuwy nott a in this AAatgage to the contrary notwithstanding; and Ihereupon or thereafter at the op~ion of said MORTGAGEE, without notice o? demand, suit at law or in equity, therefwe a thereafte~ begun, may be prosecuted as if all oaneyt secured hereby had matured pr~w to its institutio~. 7. That i~ the event that at the beginning of or st any time pending any suit upon this Matgage, or to foreclose it, or to refam it, or to enforce paymeM of any ctaims F+ireunder, said MGRTGAGEE shall apply to the Cour~ having jurisd~ction thereof for the appointment of a Receiver, such Court sh~ll ~ Forlhwith appoint a receiver of said mortgaged prooe~ty all artd singutar, inctud~ng all and aingular the income, proi~ts, issues and revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if specifically xt forth and described in the g~anting and habendum clauses hereof, and such Receive~ shall have all the broad and effettive funct~o~s and pwvers in anyw~se entrusted by a Cou.t to a Receiver, and such appointment shall be made by such Cour1 as an admitted equity and a matte~ of absolute right to said MORTGAGEE, and without reference to the adequacy er inadequacy of the value of the property mortgaged or to the soiventy or insolvency of said MORTGAGOR w the defeodants, and that such rents, profits, income, isaues and rerenues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the p~actice of such Gourt. 8. To iiuly, promptly and fully periwm, discharge, exccute, effetl, complete, comply w7th and abide by each and every the stipulationa, agreements, conditans and covenants ~n said promissory ncte and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGfE, its succeuors and assigns, may, without notice to the MORTGAOR, deal with such successw or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability herc? vnder a upon the deb~ hereby secured_ No ssle of the Frem~ses hereby mo+tgaged and no forlxarance on the part of the MORTGAGEE w its successors ~ or assig~s and no extension of the time for the payment of the debt hereby secured given by the MORTGAGE~ or its successws w auigrts, shall ope~ate to release, d~scharge, modify change a affect the arig~nal liabil~ty of the MORTGAGOR FjK~, either in whole w in part. 1pI-- 10. If is specificatly agreed that time is of the essence of this contract ~~waiver of any obligation hereunder or of the obligatao sr cvred hereby shall at any time thereafter be held to be a yvaiver of the terms~~the instrument secured herby. 11. In add~tio~ to the forego'ng monthty payments of prin and ~A~~ed by the prom~ssory note secured hereby, mortgagor cover.ants and agrees to pay to mo:tgagee with each monthly payraent ay~~ ~u ~~ated by mortgagee to be equal to 1; 12 of the annual cost of the follow- ir9: d _.~C~\0~~. ~P~,-~pi O A-AII real property taxes lev~ed w assessed a" a Qp Yfes`~rea ~tate. B-Prem~u~ns on fire and winds~orm insura~ ~n~u~ on the improve s situate on the sbove dascribed premises. C-Premiums on such mortgage gua~an~~~1)~ ~ q~:~ij h~ rom time to time fit to ca?ry on the loan secured hereby. I ~ Mortgagee shall from time to t~me r.otify~~ag~Vff"wrj{j~bf t ~t due a le hereunder and such sum shall thereupon be due and ~ payable on the due date of the next monthty awnb~ 3na ~~`~iu~~{s~~m h t~ ~til mortgagee shall notify mortgagor of a change in such ~eat P~~~.~1 ~~~aR~ of xes, irsurance prem.ums, and mortgage guaranty insurance amount. Such sums shaEl be applied by mortgag " ' premiums. • S o , IN WITNESS Y~HERcOF, rhe said MORTGAGO~h2~.~~r t hand and seal the day and year first afwesa~d. ~ Sigyn~./J Sealed and live_ryed in the presence • . i Ll'i~ Y/ ~ y~Q.(~~, 5~ ~ ~ an ~ a~ ~ ~ ~ ~ ~ (SeaQ i STATE OF FLORIDA ~ ST . LUCIE couNn oF ~f~e ~~,~~iy a~a~~ MarY L. Sehin, a single adult . ~ to me well known and known to me to be the ind~vidualj desvibed in and who executed tt~e foregoing ir?strument, ~nd acknowledged before me that ~ executed the same for the purposes ~ ~ therein expressed. ~ j ~ i ~ ~ ~ WITNE55 my hand and official seal thi day of Decembez A. D. 19~L~ ~ 5 ~ - . Notary Public in end 4w tlx State of F{orida at l.~rye ~ My Commiuion expires: ~ Retum To: ; ~ Fin~ Federal Savings d~oan Assodatan NOi..:1: r1i..UC? n~1TE Of flOR~OA AT WiSE Of Fort P~erce. ~S10N fXPIRES SEPT. 23. 1973 ` MY C~~ ~IIIQII fRED ~ DIESiEtHOit,gi ~ Fo~t Pierce, Florida ,~.r% F~LEO AND RECOROED ~ ' . . ; ~ ~ S7. LUCIE COUNTY. FLA.': a ~ R£COFD VEP.Ift~D ~ _ : . . ~ ~ - ~8`7~J~ ~ This Instrument Prepared By John W. Collins r;; - ~ ~ First Federal Savings & Loan Association = " - : ~ 27 ; 9t of Fort Pierce , Florida t.'•, j ~69 ~~C 3~ PM • ~ ;L- ~'G~: I~ ~ ~ ~ i ~ ~C ~ Checked By n-~- _ 1,• " _ ~ , AS ~ ~,,rl. ` RO~GR ?Oi7P ~4 ~III}1{111~1 ° ~ R 181 CE~U~~ CLERK CIRCUIT COURT; 800~! PA ~ . n ~ ~ ~ W - _ _ _ _ ~ : _ . : _ = ~ _ _ . _ . . , ~ ; _ _ ~