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To place and continvously keep on lhe bui!din~s now o~ hereaiter s~tuate on sa~d la~d and on all equip~nent and personaity covered by this mo?rg~ ege, with ali pren,i~ms lherco~ paid i~ (ull, F~re insurance +n the usua! standard pot;~y form, in a sum ap~oved by the MOR~GAGEE, and windstwm insurance in the usual a~andard policy fo~m, in a sum approved by the MORTGAGEE, in such company or companies as Me MORTGAGEE may direct; and all f~re and w~ndswrm insurance poGcies on any of sa~d buitd~ng:, any inrere:t therein or part the~eoi, in ~he aggrega~e sum afweisid a in excess tbaeof, shall contain lhe usual a?andard mortgagee dause o? such othcr clause as the Mortgagee may requ~re, making ~he loss under sa~d polN ues, each and every, payable to said h10RTGAGEE as ~ts intereu may appear, and each and every svch po!~cy shall be promp~ly ais gned and detivered ro any held by sa~d AtORTGAGEE as (urther secv~+ty to ~a+d mo~?ga~e debt, and, not less Ihan ten (10) days i~ adva~xe of the expirat~on of each policy, to dr liver to said MORTGAGEE a renewal thereof, togNhe~ with a rece~p~ for the p~emium of such renewal; and ihere shall be no i~re or windsior~n iniura~ce placed on a~y oi said buildings, any interest therein or part thereoi, unle:s in the form and with the los~ payable as aforesuid; and in the event any sum of money becomes payable under such policy or polKies said h10RTGAGct shall na.e ~he opt~on to receive and apply the same on account of the indabted ness secured hereby or to perm~l said MORTGAGORS to receive and uu it or any part therepf for orn~r purposrs, v.ithcut th_n ur ws~~Lg or unpair- ing any equ~ty, tien or r7ght under o~ by vi~rue of this ma!gsge; and in the event u~d MORTGAGORS shatl (o~ any reason fail to keep the said premisrs so insured, or fail to deliver promptly any of said pol~c~es of in:urance to sa~d MORTGAGEE, or fail promp~ty to pay fu~ly any pre~ni~m therefw or in any respect fail fo per(o~m, discharge, execute, effect, tomptete, compfy with and abide by this cove~ant, a arty part hr~eoi, sa:d MGRTGAGEE may place and pay fw such insurance or any part thereof withoul waiving or affecting any option, iien, equity, or righ? unde? w by virlue oi this Mortgage, and tht f~ll a~nount of each and every such payment shall be immediately due and payable and shall bear i~terest from ~he date thereof unrit paid at the rare o! nine per centum pe? annum and to~elher with such interest shali be srcured by the lien of this mottgage. 1. To permi?, commit or suffer no waste, impairment or deterioration of said p~opcrty or any part thereof. 5. To pay all and singular the costs, tharges and ezpenses, including a reasonable attorney's fee and costs of abstracts of title, incu~red or paid a~ any time by said MORTGAG:E, because a in the event of ~he fa~lure on the part of ~he said MORiGAGOR to du:y, prornprly and fv1ly periorm, d~xharge. e,cecute, effec~, complere, comply w~th and ab:de by each and eve?y the st~pu~at~ons, agree~,ents, cond~tiona, a~~d covenants oj sa:a o~om~ssory note and ~h~~ mwtgage any or e~~her, and sa':d costs, charges and expenses, each and every, shal~ ~ immediately due and payab:e; whether or not there be no!~ce dr mand, airempt to coitect or svit pend~ng; and the full amovnt of each and every such payment shalt bea. inreresr from ihe date fhereof unril paid at the ~ rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of th~s ; mortgage. ~ 6. Thal (a) in the event of any breach of this Mortgage or defau(t on rhe part of rhe MORTGAGOR, or ;b) ;n ~he event any of sa;d sums of money hrrein referred to be not pro~nptty and fuily paid with~n th~rty (30) days next after Ihe same severatty become d~e and payable, withovt demand o~ notice. or (c) in the event each and every the stipula~ions, agreements, tond~tio~s and cove~ants of sa,d promissory note a~d th~s mortgage a~y or eithrr are nol ~uly, promptly and fully pesfo~med, d:scharged, executed, effected, comp~eted, complied with and ab~ded Sy, then in e~ther w any such eveM the said ag gregate sum mentioned in sa:d promissory note then remaining unpa~d, with intere;t accrued, and all moneys secured hereby, shall become due and pay- ab:e forthwiih, or ~hereaiter, at the option of said MORTGAGEE, as lully and complezely as i( all o! the said aums o! ~no~ey were originally stipu:ated to be pa~d on such day, anything in sa;d prom~ssory note or in this Mwtgage to Ihe conrrary notwirhstanding; and thereupon w thereafter a1 the op~~on of ` sa~d MORTGAGEE, without notica or demand, suit af law w in equity, therefore or thereafiet begun, may be prosecuted as if a!! moneys secured hereby ~ had matwed pnor to As iostitutwn. 7. That in the event that at the beginn~ng of or at any t~me pending any su~t upon this Mortgage, or to foreclose it, or fo reform it, or to enfo.ce payment of any tlaims hereunder, said MORTGAvEE shall apply to the Court having jurisd~ction thereof tor ~he appointment of a Receiver, such Court shalt forrhwirh appoint a receiver of said mortgaged property yll and sirtgular, includ~ng aIt and s~ngu~ar the income, prof~ts, issues a~d revenues from whatever source derived, each and every of which, it being expressly understood, ia hereby mortgaged as iF spec~f~calty set forth and dexribed in the g~anting and habendum cfa~ses hereof, and such Receiver shali have all the.broad and effective funcr~ens and po.ve~s in anywise entrusted by a Cour~ ~o a Reteiver, and such appointment shall bc made by such Cou~t as an adrt~tted equity and a malter oi absotute right ta sa~d MORiGAGEE, and without reference to the adequacy w inadequacy of the value of the p:operty mwtgaged or to the so+vency or insolvency of said MORiGAGOR or the defendants, and that such rems, profits, inco,ne, issues and revenues shall be app~ied by such Receiver accord~ng to the lien w equdy ai sa~d MORTGAGfE and the prectice of such Court. 8. io duty, promptly and fulfy perform, discharge, execute, effect, complete, comply with arul abide by each and every the stiputations, agreements, u ; , canditions and covertants in smd p~omis3ay note and this mortgage set forth. ~ 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becpnes vested ir? a perton other than the MORTGAGOR, tiie MORTGAGEE, its successws and assigns, may, without norice to the MORTG~+OR, deal vvith such successw w successor in interest with reference to this mortgage and rhe d~ot hereby secured in the same manner as with Moftgagor without in any way vitinting w dischargirg the Mortgagors' liability here- under or upon the debt hereby secur¢~. No sate of the premises hereAy r.wrtgaged and no forbearance on the part o( the MORiGAGEE or its s~ccessors or assigns and rto extens~on of the time for the payment of the debt hereby secured given by the MORTGAGF~ or its successars or assigns, ahal~ operate ~o release, d;scharge, modify change w affett the orig~nal liab~l~ty of the MORIGAGOR herein, either in whole w in part. ~ 10. It is spec~ficalty ag~eed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- ~ cured hereby shall at a~y time thereafter be held to be a waive~ of the terms hereof d of the instrument secured herby- 11. In additio~ to the forego:ng monthty payments of princ'paf and interest requiied by the promissory nore secured hereby, mortgagar covenants and agrces to pay to mo:tgagee with eath monthly payrnent an add~rional sum es~imated by mortgagee to be equai to 1;' 12 of the annual cost of the fol{ow- ~ in~: A-AI~ real property taxes lev~ed or assessed against the above described reaI estate_ 8-Prem~ums on f(re and windsro~m insurar.ce as herein requ;red to be carr;ed on fhe improvements situate on the above d~scribed premises. ' C-Premiu~ns on such mortgage guaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgay;~e shail from time to time notify mortgagor in writ~ng of the amo~~t due and payable hereundrr and such surn shall thcrevpon be due and Fayable on tha due date of the rtext mo~thty payment and each successive month thereafter urti! mortgagee shaq ~ot~fy mortgagor of a change in such amoont. Such sums sFaif be app!ied by mortgagee toward the payment of real property taxes, insvrance prem;ums, a~~d mortgage guaranty insurance premiums. i IF1 Y~ITNES$ SPJHERcOF, tne said MORTGAGQR has hereunto set his hand artd sea! the day a ear first afore id! Signed, Sealed and'drlivered in the presence of: - , , a ' n a ~ (Sea4 ~`~r -~~Sea~ i ''~.;..__~~al) TATE OF fLORIDA . _ . COUAlTY OF `Sti• L11C~e ~ SS- _ ~ - 1 : ~.s ; ~ ~ Before me penonally appeared DSVld B• ~OU~.1888 - and _ JG~Ce s• ~188$ his wife, to me well known sod krown to me fo be ~ the ~ndmduals described in and who exetuted the fwegoi`~ instrumeM, x~d stknowledged before me that they executed the sarnr for the purposei tFwrein expressed. Md the said- J.~e v• ~~3 wife of the said ~~d B• ~01~1898 upon a_ sepuare and priwte exam;naf~on by me taken separate and apart from her sa~d husband, atknowledged to and befwe me that she executed said instrument freely and volun- ' tarily and without any compulsion, constraint, apprehension, 9r/lear of or from her said husband. j WITNESS my hand and offic;al seal this ~v - day of eb A. D. 19~9 _ ~ i ~ ~ ~1~--~_.. Notary ic in and for the State of florida et Large ~ My Commiuion expires: ~ Return To: Firs! f~ral Sav'retgs ~ loan Assoeiation - -~?-..-i~. ~:,;.i u. C:::i:..:» eli LA~u~ Of fort P;erce. (.:Y Cui:i~,:I~;,tGt'i EX?'i~iE~ i~uY. iylZ Fo~t Pietce, Florida ivhC~D :~~iv::GH re~q M?~ fi~FtTELN08a. F~~ED r.ND ~~CO~DED ST. L~J^,:~ C~Ur;TY. FL~.. . ~,_;i.-~ ~r:-~i^ ~t~ ~ This Instrument Prepared By ~TSi088 D. Ch8stglll i89419 First Federal Savings 8~ Loan Association of Fort Pierce~ F101'3dg -j ~ F~$ s 6 Checked By G.~~ . i?{.' `t~S 800K ~~2 PAGE~~ R f ~ U I i C O U RT pa ; ~ : - ~ - - - _ - _ ` _ ~