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To ptact and continuously keep o~ the bui!dirgs oow ot htreafter ~ituets oo said t~nd and on atl equipment and personally cove~ed by lhis mort¢ ; +pe, w+th all p~emivms thr~eon pa~d in fuU, lire insurance in the usual ~tandard poficy fo~m, in a aum spproved bY the MORTGAGEE, and windsto~m ' insurance in the usu~l s~anda~d pol~cy fam, in a sum appro4ed by tha MORTGAGEE, in i~ch canpa~y o~ compa~ies as the MORTGAGff may dirK1; a~d all (irs and windstorm insursnte policies on any of taid buildings, any intars~l therein dr'part thereof, in 1he aggregare ~um ~foressid w in exce~s IheSpof, shall contain the usual standard matgagee cisuse w such o~he~ clause as the Mor~gagee may ~eQuire, making ihe lost unda sa~d poli~ cies, esch ant! every, payab~e to said MORTGAGEE as ih interest may appear, and each arxi every such pot~cy ahall be promptly ass.gned and delivered to +ny held by seld MORTGAGEE as (unher ?ecurity to said mortyaga deb~, and, nof less than ten (10) days in advance of the expirat~on of each policy, to da live~ to said MORiGAGEE a ~e~ewal th~reof, together with a rece~pt for the premium of such renewal; and there shatl be no i~re or windstorm insurance pl~ced on sny oi said buildings, any interest therein or pa~t rhereof, unless in tM form and with ~he los~ payable as afo~eaaid; and in the event any tum ~ of money becomes payable under such po~icy or policies said MORTGAGEE iha~l have the opt~on to receive and apply the same on account of the indebted- neu ucu~ed hereby w to permit said MORTGAGORS b reteive snd ule i1 or any parf ~hereof far oshe~ pwpoics, .•.~~h;,,,r th:nb/ w;:ivi•~~ or ~n,p,~ir- i ing any eqv~ty, lien w right u~+de~ w by virtue of thii mo:igage; snd i~ the event w~d Mt7~iGAia0+2S sfiaii ia a~~y ~easvr~ ioi! sa keap the sa:d pre:n:srt so ~ insured, or fail ro detiver prompNy ~ny of said policies ot insu~ance to sa~d MORTGAGEE, a fail promptly ~o pay fully any prem~um therefor or in any reipect (ail to parfwm, d~scharge, exetute, elfecl, complete, comply with and abide by this covenant, w any par~ hereof, said MORTGAGEE may place a~d pay fw cuch insurance ar any part t!xreo! w;thout waiving or affecting any option, tien, equity, or r~ght under or by virtu~ of this Mortgage, •nd the ~ full amovnl of each and every such paymem sha~t be tmmediatety dve and peyeble end a1+a~1 beai intei~• frorw t}+v das~ thcreof uni;l pa~d at ths rate ol_ nine per centum pe~ annum and to~ether with such interest shall be secured by 1he lien of this mortgage. ~ To permit, commit or suffer no waste, impairment w deteraratia? of said properfy w a~y part the~eof. S. To pay all and singular the costs, charges snd expenses, inclu.~ing s reaso~able attaney's fee and costs of abstracts of title, incurred w paid a~ ~ any f'une by said MORTGAGEE, becaux or in the ~ven? of the failure on the parf of the said MORiGAGOR to du:y, pranptly and fully perform, d~scharge. ' execute, eifect, complete, comp~y w~th and ab:de by each and eve~y the stipulaf~ons, agreements, conditions, and covenants of said promissory note and thii ~x~Qage any o. ei~her, and sa~d costs, tharpe~ and e:penses, each and every, shall be immediatety due and payab:e; whether w not there be no~~ce da mand, attempt to collect or suit pend;ng; and the full amovnt of each and every such payment shali bear iMerest from the dare ~tureof uotil paid at the rate of nine per centum per annum; a~d all said costs, charges and expenses iocurrcd or paid, toge~her w~th such interesL shall be secured by tF~e lien of th(s mortyage. 6. Thaf (a) in the event of any breach of Ih~s Mortgage or default o~ the part of the MORTGAGOR, w(b) irt the eve~t any of sa:d sums of mo~ey ! he~ein referred to be not promptly and f~lly paid within thirty (30) days nex~ after the same sevualty become due snd payable, withou~ demand w not;ce, j cr (c) in the event each and every the stipulations, agreements, condirionz and tovenants of sa;d prom;uwy note and th;s mortgage any or either are not f ~uly, promptly a~d fully performed, d~scharged, executed, QttiCtC~, compieied, compiied witi~ e~Ki eL~3~ 5y, then in either or any such eve~t ths said ag- ~ gregate sum memioned in said promisswy note then remaining unpa~d, with interest accrued, and all moneye setured hereby, shall betome due and pay- i able luthwifh, a fhereafter, a1 rhe oprion of seid MORTGAGEE, as f~lly and completely as if all of the said sums of money were aginally st~putaied to be pa~d on such day, anything i~ said promisswy note or in this Mortgage to the contrary notwithstandirg; and the?eupon or thereafter at th~ option of taid MORTGAGEE, withovt nofice or demand, suit at taw or in eqvity, therefwe or thereai?ea begun, may be prosecufed as if all moneys secured hereby i had maturcd pnor to its institWion, 7. That in the event that st the beginning of or at any time pending any suif upon this Mortgage, or to fweclose it, a to reform it, or to enforce ; payment of any claims hereunder, said MORTGACaEE shatl apply to the Court havinq jurisd~ct;on thereof for the eppoinsment of a Receiver, such Court shall forthwith appoint a r~eiver of said mwtgaged prooerty all and singular, includ~ng all and sinqular the income, profAS, issues and revenues from whatever ~ urce derived, each and every of which, it being expressly understood, is hereby mortgaged as if specitically set forth and described in tFK granting and ~ ,•abe:Klurr: clauses !r_raof, 3r.d such Rcteiver sball have a!I the broad and eflective funct~ons and powers in anywise emrusted by a Court to a Receiver, and I such appointment shall be made by such Court as an admitted equity and a matter of absolute right ta said MORiGAGEE, and without reference- to the edeqoacy a inadequacy oi the vatue oi the properry mwtgaged or to the sotvency or insolvency o! said MORiGAGOR or the defendants, and ~hat such rents, profits, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the p~actice of such Court. S. To duly, prompHy and fully perform, discharge, execute, effect, camptete, comply wirh and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note aad this mortgage set forth. 9. Thaf in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MQRTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORiGAOR, deal with such successa or successor in interest wirh reference to ihis mwtgsge and the debt hereby secured in ihe same ma~ener as with Mortgago. without in any way vitiating or diuharg~ng 1he Mo~tqagors' iiability here- under or upon Ihe debt hereby secured. No sa!e of the Fremises hereby mortga9ed and no forbearance on the part of the /JIORTGAGEE or its successors or ass~gns and no ezrension of rhe time (or the payment of the debf he.eby secu~ed g;ven by the MORTGAGE' or its successors or auigns, shall operate ro release, discharge, modify change w afftd the original liabiiity of the MORTGAC,flR herein, either in whole w in part. 10, It is specifically agreed that time is of the easence of this contract and that no waiver of any obl~gatio~ hereunder or of the obtigation se- ~ cured hereby shal( at any time thereafter be held to be e waiver of the rerms hereof or oi the insuument setured herby. ~ 1 i. In add~tio~ to the forego:ng monthly payments of p~int pa! and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of tne annual cost of the follow- ing: A-All reat property ta:rs ievied or assessed agai~st the above descri~ed real estate. B-?remiums on fire a~d windstorm insuror,ce as herein requ~red to be carried on the improveme~ts sitvate on the above described premises_ C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee sfiatl {rom time to time notify mortgagcr in writing of the amount due artd payable hereunder and such sum shait thereupon be due and Fayable on rhe due tiate of the next monthly payment and each successive month thereaftzr urtil mortgagee shall notify mo;tgagor of a change in such amount. Such sums sha•.I be applied by mortgagee toward the payment of real property tazes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WlTNESS :VHEREO~, the said ORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Si d, ealed d the presence of: ~ ~ ~ . sl) {Seaq csNn , :s~,i~ STATE OF fIORIDA ~ 1 COUNTY OF St . L~ i ~ ~ ' Before me personally appearcd G YdYSOIl G ardine r and R ach 1 N r„-~; n r; fQ ~ _Gla2'e11C@ O. W11.SOII ahrl F7 nr~ i t,..... j- ~ i h~ S~.1fB J.~?w~is, ro me well knq,a?;'end.knavrrlo ~+s w be i the individwls described in and who exec~ted the fwegoing instrument, arwd acfcrtowledged before me that they exettiTed•ff~ sarde ~or~~t plxppsf~ tF~erein expressed_ And the sai h Gra S Oll i .~,;r..c.~...a:d Flora Wilson wif ' - ,~,~.~,..-:,.~-.~rri. j examination by me taken xparafe and apart from~lher said h~aband>atkrawledged to and before me that exetuted~,s}i~"Lw~,~ h rarily and w;thout any compulsan, constraint, apprehension, or fear of w fromlMir sait! husbandf. ~ •-;~~r ~.`T4'"'- WITNESS my hand and official ual thi~ - f_~ day o{_ FebI11aIV ~w~`'~`~~`~`~_~,~'Q _ ' , r ~ , ~ ' _ . \ Lsti1:C.u~lsr• ' Notsry Public in and for the Stata of Aorlda at lups Return To: ~ My Com FII.ED~ANO RECOR~~" la '3 First Federat Sarings 3 loan Assouat~on ST. LUC~E COUNTY. F~-A. Of Forf P~erce. ^ r f F ~ pt^~1.. t;:? Fort Pierce, Florida 18g~12 '70 fEB 16 PM 3:20 This Instrume~nt Prepared By ~ fj- First Federal Savin s 8~ Loan Association ~ of Fort Pierce ~ I Checked By ~L_,PK ~EE~CUIT COURT ~ ~ t BOOK PtiGE~OvI.L ~ ~ _ - - ~ - ~ ~ ~ _~o. _ ~ ~