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To place and continuousty iceep on the bui!d~ngs now or hereafter ~ttuate on said land and on al1 equ~pment and pe~sona!!y cova~ed by th;s matg• ege, wEth a!1 pre~nium~ the~eort pa~d in full, fire insu~ance in Ihe usual standard policy form, in a sum aFproved by the MOR~GAGEE, and windstorm ~~surance in ~he usual standard pol~cy form, in a sum approved 6y the MORTGAGEE, in such company or compan~e~ as the lNORTGAGEE may direth and atI f~re and w~ndstorm insvrance pof~ues on any of said build;ngs, any interest there~n or pa.t thereof, in Ihe aggregate sum afo~esaid or , in excess thereof, shall contain ~hr usual standard mortgagee ctause or such other clause as ~he Mortgagee may requ~re, maki:g the loia unde~ sa~d poli- cies, lach and every, payable to said MORTGAGEE as its interest may appear, and each and every su<h po6cy shall be promptly ass gned and delivered to any held by sa;d MORTGAGEE as further security to said mo~tgage debt, and, not tess than ten (10) days in advance of ~he expiration of each pol~cy, to da Gve+ to said MORTGAGEE a renewal thereof, toge~her with a rece~pt fw ~he p~emium of such renewal; and ~here shafl be ~o f:re or windstorm insuronce ! P~aced on any of said buildings, any interest there~n or pa~~ the~eol, un!ess in the form and with the loss payable as ato~eseid; a~d in the event any sum of money becomes payable under s~ch policy or policies said MORTGAGEE shall have the option to receive and apply tl~e same on account of the indebted- n@sf SecWed hereby q t0 pe~mif said MORTGA~iOR$ to reteive 0nd us! iT d dny pa~t iherepf for otiscr pwposrs, v.ithout th: n u~ ~y.:ivi ~3 cr in~pair- ing any eqvity, l;en w right unde~ w by virtue of this mo:tgage; and in the event ya~d M~„~'?AGORS shafl fo~ any reason fail to keep the sa~d premisea so - insured, w(ail t0 deliver prpnp~ly any of said politie3 of iniurante fo said MORiGAGEE, or fail promptly to pay fu~ty any pre~»ium therefor or in any ! respect /ail to perform, discharge, execute, efied, comp!ere, comply wirh and ablde by this cove~ant, or any part hrreof, said MORTGAGEE may piace a~~d pay (or such inaurance o~ any part thereof w~thout waiving or aifecting any option, lien, equ~ty, or r~ght under or by v~rtue of th~s Moregage, and the ? full amaunt of each and every such payment shatl be immedlatety due and payable and shall bear interes~ i.om tha dafe fhereof uniil p~id ai the rate ot nine per tentvm per ann~m and toge~her vvith auch interest :hall be szcured by the lien of lhis mortgage. ; 1. To pennit, commit or suf(er ~o waste, impairmero or deterioration cf ~id property w eny part thereof. j 5. To pay all and singulsr the costs, charges and expenses, irxluding a reasonable attw~ey's fee and cos~s of abstracts of title, incurred or pa~d at j any time by said MORfGAG:E, because or in the eveN of the Failure on fhe part of fhe said MORIGAGOR to duly, promp~ly and ful{y ~erform, d~sch~rge. ~ execute, effect, tompfete, comply with and ab:de by each and every the stipulahons, agreeme~ts, condit~ons, and covenanta oi said pro~n~ssory note and ihls rnortgage any w either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payabte; wherhzr or not rhere be ~o~ice d~ ~ mand, arte+npt !o collett or suit pend~ng; and the ful) amount of each and e~ery such paymem shall bear interes~ from the da~e thereof unril paid at the r,re of ~ine per centum ~r am,um; and all said costs, charges and expenaes incurred or paid, together w~th such interest, shall be secured by the lien of th~i ; mortgage, j x 6. Tha~ (e) in the event of any lxeath of this Mwtgage or default on tF~ parf of the MORTGAGOR, or ~b) in the event any of sa:d sums of money ~ herein referred to be not prcmptiy and fully paid within Ih~rty (30) days ~ext after Ihe same severa~ty become due and payable, ~vifhout demand or notice, or (c) i~ the event each and every the slipulations, agreements, condifions and covenanrs of sa:d p~om;ssory nole and fh~s nwrtgage any or either are not ~uly, promptly and fu~ly performed, d~scharged, executed, effected, completed, comptied with and abided Sy, then in either w any auch evero the said ag gregate sum mentioned in said promissory note then remaini~g unpa~d, with interes~ accr~ed, and aIf moneys secured hereby, shatt become due and pay- able forthwith, or thereafte~, af the op~eon of said MORiGAGEE, as fully and comptetely as if all of the said sums of money were or~g~nally st~pulated to be pa~d o~ such d,:y, anything in sa:d promissory note or in this Mortgage to the contra~y notwithstand~ng; and thereupon or thcreafter a1 the opt~on of sa~d MORTGAGEE, w~Thout not~ce or demand, suit at law or in equity, therefore.or lhereatter begun, may be prosecuted as ~i o!! moneys secured hereby nad mawred pnw to ds institution. 7. That in the evrnt that at the beginning of or at any time pendirr~ any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any daims hereunder, said MORTGAGEE shall apply 1o the Court having jvrisd:crion thereof for ?he appo~ntment of a Rece;ver, such Court shall j Forthwith appoint a rece~ver of said mortgaged prooerty all and singular, includ~ng all and singutar the income, prof~ts, issuea and reve~ues from whatever } source derived, each and every of wh~ch, it being expressty understood, is he~eby mwtqaged as if spec~fically set forth and described in the granting and ~ habendum clauses her~f, and such Receiver shall hsve all the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and suc!~ appointment shall be made by svch Court as an admitted equity and a mattcr of absolute right fo said MORTGAGEE, and wi~hout reference to the adeyuacy or inadzquacy of the value of the property mw/gaged or to the so:vency er insolvency of said MOR7GAGOR or the defendants, and tbat suth rents, profits, income, issues and revenues shall ce applied by such Receiver acco?d~ng to the lien w equity of said MOR7GAGEE and the practice of such Ccurt. B. To duly, promptly and fully perform, discharge, ezecute, effect, complete, comply with and abidt by each and every the stipuiations, agreemenfs, ronditans and covenanrs in sa~d promissory note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part Ihe~eof, becomes vested in a person other than the MORTGAGOR, the MORTGAGfE, its successws and assigns, may, without notice to the MOR7GAOR, deal with such successw w s~ccessor in interest with re(erence to fhis mo~tgage and she debt hereby secured in the same manne~ as with Mortgagor without in any way vit~ating or d~scharging the Mortgagors' liability here- under a ~pon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbearance on the part of the /AORiGAGEE or its successors or assigns and -;o extens~on of the time for rhe payment of rhe debt hercby secured 9iven by the MORTGAGEf or its successors or auigna, alzall operate to release, d.scharge, modify cha~ge or affect the orig~nal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any ohl;9ation hereunder or of the obligation s~ ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secwed herby. ~ 1 L 1~ add;r'a~ to the foregd~~g rnonth!y payments of p~er.c'pal and interest required by the promissory ~o!e secured hereby, mortgagor covenanis ar,d agrees to pay to martgaqee with each momhty pay~,~em an add~~ional sum. estimated by mortgagee to be equal to 1;' 12 of dze annual cost of the follow- ~ A-Afl real p~operty taxas tev~~d or auessed against the above described rea! esrate. B-Prem.~vms on fire and windstorm ~nsurar.ce as herein requ~red to 6e carried on the ~mproveme~ts zituate on the above descr~bed premises. C-Premiums o~ such mongage guaranty insurance as mo~tgagee shall from t;me to t~me deem fit to carry on the loan secured hereby. Mortgagee shail from t~~ne to time ~ot~fy mortgagor in w.it~ng of the amount due and payable hereunder and svch surn shall thereupon be due end Fsyable ort thr ciue aate of the next month!~ payment and each successive month thereaiter ur.til mortgagee shall ~ot~fy mortgagor of a change in such a nount. Such sums sF.a:l be apptied by mortgagee toward ihe payment of real prope~ty tazes, insurance prem;ums, . and mortgage guaranty insurance ;;~emiums. - IN WJ7NES5 Y HERcOF, the said MORTGAGOR has hereunto set his hand and t y and year fir t aforesaid. liYered ~n the presence or: FILEO AND REC~~b~ Lt;C~~ COU~JTY, FLA. V r-;~ sq . , V= t1~- _ i% ' ! 18~~20 (Sesn ~ s~ao STATE OF FLORIDA ~E" ~ I ~ • ~ (~al) ~ ,i~ ~ ~ . Lucie u' cour~rr o~ St• 1 - l:. i. ..pl'-"~~;,5 Befwe me personally appeared PQtE. ~~,~~~,~qnroURT a~ ~1aXy B• dacon his wife, to me well known and k~own to me to be rhe indrviduals described in and who executed the fwegoing instr~ment, and acknowledged before me that fhey executed the aame ior the pvrpuses therein e:pressed. And the said ~1 V B gdC011 w~fe of ~he said Pete Louis ~CO3~ upon a xparate and private examination by me taken separate and apart fram her said husband, ackrawledged to and before me that she executed said instrument freely and volurr rarily and without any compuSsion, constraint, apprehensic+n~_~w fear of ot from her said husband. WITNES$ my F~a~d and officiai seal this ~ zJ~ day of bruaz A. D. 19 7O Notary Publi and for the ,$tate of Florids at LarQe R~t.;rn To: My Commis expires. ~,~y / 9 7/ Firat Federal Savinge ~3 ioan Aszociation ~i Fort P~erce- <<` • ~ • . , ~E Fott Pierce, floreda ~ , ~ . :G:.!:'.:i:i}.l fXyi7t1 ~9~. b. ~9~~ ~ • ' ~ iccutd fy M{~jt~_y Ei1~ ~ ~iy~Y ~1 , > \ 1 This Insfrument Prepared By Wm• Braun ' First Federal Savings 8~ Loare Association _ ~ of Fort Pierce , Flor ida : ' i Checked By ~ • , . - • . ~ ' ~ • S ~ BOOK18,2 PACE2238 ~ . _ . ~ ~