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To pface and con+~nuously keep on the bui!d~ngs now or hereaiter s~tuata on ea~d land and on all equtpment and pe.sonaf~y cove~ed by ~his ma~g- ege, w~th all premiums thcreon pa:d in (ull, fire insurer.ce in ~he usual sfandard policy form, in a s~m approved by tha NtORiG:.GEE, and v.-~~dstorm insursnce in ~he usual standard pol~cy io~m, in a sum approved by ~he MORTGAGEE, in such tompany or canpan+es as the MURTGAGEE may dirett; and all fire and w~nds~orm insurance policies on any of said build~ngs, any interesl therein or pa~t thereoi, in 1he agg~egar~ sum aloresaid or in excesa ~hereof, shall zon~a~n rhe usual s?andard morrgagee clause or such other dause as ~he Mor~gagee may requne, ma?ing the loss under sa~d poti- cies, each and every, payable ro sa~d h10RTGAGEE as ~ts interest may appea?, and each and every such put~cy shall be promp~Iy ass gned a~~d drGvered ~o sny held by said A10RfGAGEE as (urther security to said mo~tgage debt, and, not less than ten (10) days in advance ef the expiration of each pol~cy, 1o da hver ro:a~d 610RiGnGEE a renewal thereof, toge~her with a receipt for the p~emium of such renewa~; and there shafl be ~w fue or wu~as~onn insurance placed on any of sa~d build~ngs, any ~nterea~ there~n o~ part thereof, unless in the (orm and w~~h the toss payable as a(oresaid; and in tfie event any s~m of money becomes payable under such policy a policies said MORTGAGfE shall have the opt~on to ~ece~ve and app'.y Iha san~e on account of tl~a indabted- ness secured hereby w ro petmit said MORTGAGORS to reteive and use i1 or any part thereof fo~ o:~~er purposes, .v~+ho~t th u; ~v~~v~ ~3 ~+~~p~~r• ing any equ~ty, I~en or r~ght under or by virtue of ~his mo:'gage; and in ths event sa~d MORTGAGORS shall Ior any rcason iail to kecp the sa~d premisrs so insured, or fail to deliver pro~nptly any of said pol~cies of insurante to said MORTIiAGEE, ot fail promptly to pay fuily any pre~ni~m therefor or in a~y rospect fail to pe~~orm, d~scharge, execute, effect, complete, comply with and abide by th~s covenant, or any par~ hereof, s~~d MGR7GAGEE may place ano pay (or such insurance or a~y part fhereof without waiving a affecling any option, lien, equity, or right under or by vi~t~e of ihis Mortgage, and tht tull amount of each and every such payme~t shalt be ~mmediately due and payable and shall bea~ interest from the da~e thereof until paid at the rate of nine per centum pe? annum and together vrith such inrerest shali be secured by the lien of th~s mortgage. 1. To permit, commit or suffer no waste, impairment or deterioration oi said property or any part the~eof. 5. To pay all and singular the costs, charges and expenses, including a reasunable attorney's fee and costs of abstracts of titte, incu~red or paid at any time by said MORTGAG:E, because or in the event of the (ailure on the par? of the said MORTGAGOR to duly, pron,ptty and fully pe~to~m, d~scharge. exec~te, effect, complete, comply w~th and ab:de by eath and every the s~iRulanons, agree~»ents, conditions, and covenants o~ sa~d p~omissory note and this morigage any or ei~her, and sa~d costs, cha~gea and expenses, each and every, sha~l be imrrtsd~ately due and payab!e; whether or not the~e 6e notice da mand, attempt to collect or su~t pend~ng; and the full amount of each and every suth payment shall bear interesf from tht dat~ thereof until paid at the rate of n~ne per centum pe:r annu~r onc' ail said cosrs, chargea and expenses incurred or paid, together wah auch interest, shall be secwed by the lien of th~s mor~9age. 6. That (a) in the event of any breach af this Mortgage or default on the part of the h10RTGAGOA, or (b) in the event any of sa:d sums of money herein referred to be not promptty and fully paid wifhin thuty l30) days next a4ter the same severa:ly become due and payabte, without demand or notice. or (c) in thr ever.t rach and every the stipu:aUOns, agreements, cond~tio~s and covenants ol sa.d promisso~y note and fh,s mcr~gage any or e~ther are not ~uly, prompNy and i~liy performed, d'•scharged, exec~ted, effected, tompleted, tompiied w~th and abided 5y, then in e~ther or any su:h event Ihe sa~d ag gcegats.sua+ ~n~~~ W+ ~~d !x~s~+ssD+~nn?e fhen rerr~inin~ unpa~d, with inferest accrued, and atl moneys sewred hereby, shat{ become dyg and pay- _ able for,hwith, or ~hereafter, at the opt~on of said MORTGAGEE, as fully and completely as if all o the sa~ sums o money were or~gina. s~puTaTe to be pa:d on wch d~y, a~yth~ng in sa:d prom~ssory note or in this hlort9age to the tontrary notwirhsrand~»g; and thereupon or thereafter at the option of said MORTGAGEE, nrthout nonce or demar*d, suit at law or in equity, therefwe or thereaher aegun, may be prosecuted as if all moneys secured hereby had matured pnor to ds ~nstitutian. 7. That in the event that at the be9inn~ng of or at any time pending any suit upon th~s Mo~tgage, or to forectose it, or to refcrm it, or to enforce payment of any ciaims hereunder, said MORTGAGEE sha!t apply to the Cour~ having junsd~ction thereol for ~he appomtment of a Receiver, such Covr~ shall Forihwith appe~nt a receiver of said mo~igaged prooerty all and singular, includ~ng afl and s~n9utar the income, prof~ts, issues and reven~es from whatever source derived, each and every of which, it being expressly unders~ood, is hereby mortgaged as if specif~cai:y set iorth and destribed in the graroing a~~d habendum clauses hereoF, and such Receiver shatl have alt the broad and effective (unct,ons and powers in anywise entrusted by a Cou~t to a Receiver, and se:ch appointment shall be made by s~ch Court as an admitted equity and a matter of absotute righ~ to said MORTGAGEE, and wi~hcut referenee to the adequocy o~ inadequacy oi the value of the properry mortgaged or to the so.vency or ~nsowerxy of said MORiGAGOR w the defendants, and that such renrs, profits, inco~ne, issues and reven~es shafl be appiied by such Receiver accord~ng to the lien or equ~ty oi said MORTGAGEE and the practice of such Court. 8. To du!y, prompt:y and fully perform, discharge, execute, e~fect, cemplete, comply w~th and abide by each and every the stipulations, agreemeMS, conditions and covenants ~n said promissory note and this mortgage set fwth. . 9. That in thc event the ownership of ~he mortgaged premises, or any parf tF~ereof, becomes vested in a pe~wn olher tha~ the MORTGAGOR, the MORTGAGEE, its successors ard assigns, may, withoul notice to the A10RTGAOR, deal with such sutcessw or sutcessor in interest wiih ~eference to this mortgage and the debi hereby sewred in the same manner as wah Mortgagor virithout in any way vitEating or d~scharging the hlortgagozs' liability here- vnder w upon thr debt hereby secwed. No sale of ~he premises hereby mortgaged and no forbearance on the part oi the /AORTGAGEE or its successors or assigns and no earens~on of the time for the payment of the debt hereby secured g~ven by ~he MORTGAGEf or its successors or ass~gns, ahall operate 1o re!ease, d~scharge, modify change or affect the original Iiaoility of the NORiGAGOR herein, either in whoie or in part. 10. It is spec~fica~ly agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obli9ation se- cured hereby sha!I a~ any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. ' 11. In add t~o~ to the forego~ng monthly payments of princ'pal and i~terest required by the prom:ssory no~c sec~red hereby, mortga~or covenants ar.d agrees to pay to mortgagee vvith each monthfy payr,:ent an add~rional sum est~mated by mortgagee to be eq~al to 1;' 12 of the en~iual cost of the follow- ing: A-AI! real property tax~s levi::d or assess~d ag3i•,st the above described real estate. B-Pr~~r.:~~~ns on fire and w~r.dstorm ~nsurar.ce as here~n requ;red to be carried on the ~mproveme~ts sitvate on tFc abovc d_scr~bed premises. C-Pre~niums on wch mortgr.ge g~aranty ir.surar:ce as mortgagee shall from t~me to time deem fit to carry on the loan setured hereby. Mottgagee sh~:t f:nm t~~ne to time notify mortgegor in writing of the amo~nt d~c and payable hereunder and Suth sum shail thereupon be due and Fayable on thr due date of the next month'.y paym~M and each successive month thereafter ur.til mortgagee shatl rtofify mortgagor of a change in suth ~ amount. Such wms sha.' be ap~ iied by mortgag~e toward the payment of reaf property taxes, insurance prem;ums, and mortgage guaranty insurance prem~ums. i IN WITNESS 4"INFP.EOF, rne sa~d MORTGAGOR has hereunto set his hand aod seal ihe day and ear first aioresaid. Sig ed, Seated and deliver in the presence of: ~ % ! ~ i - ~ Sesl) c (Seaq - \ !Z~l.` ~ - 7 du'L'R't' ~ - 'C.f~/ (Seaq ; «a~ ~ STATE OF fLORIDA t .Sti • ~1C ~ ~ S5. COUNTY OF ~ Before me pe?sonally appeared Hobbia Ta• ~Z and K• M~ his wife, to me well known and known to me to be the individuals described in and who executed the foregang instrument, and acknowledged before me that they executed the same for the purposes ~ therein expressed. And the said x• ~z wi(e of the said - ~ObbiA L• , upon a separate and priv~te examination by me tafcen separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volum z rarily and w:thout any compulsion, const~aint, apprehension, or fear of or from her said husba:~d. 4 ~ WITNESS my hand and offiual seal this L day of ~~ua~ A. D. 19~0 ~ ' / ~ ~ { ~ i ( ( i i C _ / ~ Notary Public in and f r the Sta of Florida at Large ~ ~It~~A"4~~f~~s6oR~(d~ - ~ ~ - / i ~ Retum To: c~-~. CQU~iTY. FLA: . . A First Federal Savings a Loan Associat~on r.n+'r • _ Of Fo.t P~c:cr. Q q~'~ ~ Fort Pierce, florida ~ • ' _ - r` ~ 'r ~ ~1~'i! 5 1'•'i I ! ~ 25 - , : = ~ - . - ~ This Instrument Prepared By d. D. Ch88t8111 ~ First Federal Savings & Loan Association ~;~;:[_{i i~I~F..S • ~ of Fort Pierce ~ Florida r~~RK CliiCU1T r0UR7 ~ " ~ ',,.i, . - ~ Checked By ~ ~ ~ OR ~ ~ r~ 000~18~ ~h~E ~.54 ~ ~ ~ ~ . . . _ _ - _ . . . _ _ . ~ _ . ~