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To place and continuously keep a? tM b~ildinps now w htreafta ~rtvate on said land and on ali equipment and pasonally covered by thii matg~ p~, wlth ~11 prem~urrw ~hrreon pa~d in full, fire insurance ~n ihe usual standr~J poticy form, in a sum approved by the MORiGAGEE, and w~nditorm insur~nce in ~he usual standa.d poGcy_ form, in a sum approved by the lNORTGAGEE, in such company or compa~ies as ~he MQRTGAGEE may direcl; aod all fire and w~ndstorm insurance po icies on any of iaid [wifdings,-any interesl tl~eroin ot pa~f lhereof~ in tKe aggregste sum staeiai~ w in excess thereof, shall contai~ the usual stand~rd matga9ee clause w such othe~ clause as the Mortgagee may requ~re, makin9 the loss u~de~ sa~d polr cies, each and every, payab~e to said MORTGA3EE as iu interesl may appear, and each and every svch policy shall be promptly ass:gned and cklivered to ~ny he~d by sa~d MORiGAGEE ss fur~her security to said r.~atgage debt, and, not leu than ren (10) days in advance of the expiration of each policy, to dr liver to taid MORTGAGEE a renewal thereof, together with a rece+pt for the premium of such renewal; and ~here shall be no f~re o? winds~orm insurance placed on any of said buildings, any interest therein w pa?t thereof, untess in the torm and with the loss payable as aforesaid; and in the evenl any sum of money becomes payable u~dcr such poliq w polrcie~ said MORTGAGEE shall have the opt~o~ to ~eceive and apply the same on accoum of the indebted- neu secured heroby or 1o permit s.ed MORTGAGORS to receive and use it w any part thereof for o:ner purpeses, v~~iho~t th=reo~ warving o~ ~mpau- ing any equity, lien or rght under w by virtue of this mo:tgage; and in the event sa~d MORTGAGORS shall fo~ any reason fail to keep the sa:rl premisrs so insured, or fail to deliver prort!ptly any of said po~ities of insurance to said MORiGAGEE, or fail promptly to pay fully any pre~*~~um therefor or in any respect feil to pafwm, d~scha.ge, exccute, eftect, comp?ete, comply with and abide by th~s covenant, or a~y part hereof, said MORTGAGEE may place and t pay (or such insurance or any part thereof without waiving or affecting any option, lien, eq~~ty, or righf under w by virtue of ~his Mwtgage, •nd the ~ ful! amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid st ~he rats ol ~ nine per centvm per annum and together with such interest shall be secu~ed by the lien of this mortgage. 4. To permit, commit o? suffer no waste, impairment ot deterioration of said property or any part thereof. ; 5. To pay all and singulsr the costs, charges snd expenses, including a reasonable atto?ney's fee and costs of abstracts of title, incurred or paid at S any time by said MORTGAGfE, becavse w in ihe evenl of the failure on tix part of the said MORTGAGOR to duly, promptly and fully perform, d~xharge, t execute, e((ect, comp~ete, comply with and ab~de by each and every the stipulat~ons, agreements, cond~tioro, and covenants of sa~d promissory note and ihii mortgage any w e~~her, and sa:d costs, chargcs and expenses, each and every, shall be immediately due and payable; whe~her w not there be no~ice dr mand, attempt to collect or suit pending; and the full amount oF each and every such payment shali bea~ interest from the date thereof until paid at the rate of rsine per centum per arn~um; and all said tosts, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of thi~ mortga9e. 6. That (a) in the eve~t of a~y breach of this lNortgage or defaul~ on the part of the MORTGAGOR, o~ (b) in the event any of sa~d sums of money herein referred to be not promptly and fully paid within th;rty (30) days next after Ihe same severally become due and payable, without de:^and or notice, or (c) in the event each and every the stiputations, agreements, conditions and covenanfs ot sa:d promissory note and th~s mortgage any o~ eithrr are not ~uty, prompdy and fully performed, d~scharged, ezecuted, effected, completed, compl;ed with and ab~ded 5y, then in e~ther or any such event the sa~d a¢ ` gregate sum mentioned in said promiswry note then remaining unpaid, with inferest acc~ued, and all moneys secured hereby, shall become due and pay- ~ able forthwith, o? tFxreaiter, at the option of seid MORTGAGEE, as fully and compte~ely as if all of the sa~d sums oi money were w~glnally snpulated to be pa~d on s~ch day, anything in sa:d promissory notr or in this Mwtgage to the conirary notw~thstanding; and therevpon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be prosecvted as if all moneys secured htreby had malured pnor to its inttitution. • 7. That in the eve~t that at the beginntng of or at any time pending any sv~t upon this Mortgage, or to iwectose it, or to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE sha~l apply to 1Fx Court having jurisd~ction thereof for the appointment of a Reteiver, 'such Court shall forthwith appoim a receiver of said mort9aged proQerty all and s~ngvlar, includ~ng all and s~ngular +he income, prof~vs, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if speuf~ca{ly set forth and dexribed in the granting and habendum clauses hereof, and such Receiver shaN have ali the b?oad and eifective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the sowency or i~solvency of said MORiGAGOR or the defendants, and that such rents, profirs, income, issues and revenues shall be applied by such Receiver accordmg to the lien or equity of uid MORTGAGEE and the practice of such ~ Court. ~ 8_ To duly, promptly and fully pe+fwm, d~scharge, e:ecute, effect, complete, comply with and abide by each and every the stipuiations, agreements, conditions and covenaots ~n sald promiasory note and this mortgage set fwth. ~ 9. Thst in the event the ow~ership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw w successor in interest with reference to this mwtgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating o? discharging the Mortgagors' liability here- under w upon 1he debt hereby secured. No sale of the premises hereby mortgaged a~d no forbearance o~ Ihe part of the MORiGAGEE or its sutcessws w assians and no extension of the time for the payment of the deb+ hereby secured given by the MORTGAGEf or its successors w ass:gns, shall operate to release,-d,scharge,-awdify. thang~ 4c af(ect the original_ liability of the MORTGAGOR herein, either in whole er in part. - 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder w of the obligaYan sr ~ cured Fxreby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. in add~tion to the forego:ng monthly payments of print'pal and interest requ~red by the p~omiswry no!e secured hereby, mortgagor cove~ants a~d agrees to pay to mo:tgagee with each monthly payrnent an add~rional sum esr~mated by mor~gagee to ne equal to 1 j 12 of the annual cost of the folfow- . 3 A-All reai property taxes levied or assessed agai~st the above described real estate. B-Prem~u~ns on fire and windstorm insurance as herein requ~red to be carried on the improveme~!s situate on the above described premises_ . I~ C-Premiums on such mortgage guaranty insurance as mortgagee shali from time to time deem fit to cany on the ban secured hereby. ~ Mortgagee shail trcm time to time notify mortgagor in «riting of the amount due and payable hereunder and such sum shall thereupon be due and payabte on the due date of the ne~: mo~thly payment and each successive month thereafter ur,til mortgagee shall not~fy mortgagor of a change in such I amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurartce prem;ums, and mortgage guaranty insurance premiums. n IN WITNE55 YJHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforeuid_ Si9 , Sealed and liver d in the presence of: ` 1 7 yc,R.c~,. ~ ~ ~.u~.v- r~,q (Sea!) (Sesq ~Seaq STATE Of FIORIDA ~ ST . LUC I E courvn oF Befwe me perwnally appeared VeZ~niCa I FLw~ a wi dow 7t0epc to me well known and know~ to me to be the individual~ described in and who executed tha foregoing instrument, and ackrrowledged before me tFwtgfi~ executed the same fw the purposes therein expressed. ~]d]Q1p0~"w - ~ 7filEiC~ifXilACifiDC - ~ ~ ~ ~~NE55 my hand and offic~al seal this~~~ ~t~`~a~y~of A r i 1 q. D. 19 7O ~ ~ N tary Public in and for the State of Fbrida d lar~e My Commiuion expires: ~ Retum To: `t~;,nliNt/t(fflj~~~~:';~. - ~ Frst Federal Savings 6 loan Assodat~on ~ ~ , NOTARII PUBUG STATE Of RORIDA AT Wt6E t • .~i'4 MY CS~MMfSSIi~N EXPIRES SEPT. 23. 1978 Of Fort Pierce. ~.~~VL~~I~ fRED 1N. D~ESTEl1i0Rii Fort Pierce, Florida ~ ~ ~ ~ ~ a~ ~ d , ~ _ : , ~ ' ! ~ . - - a '~:r i•r- 3 " ' ' FIlEO AND RECORD@8~ s ~ l~•'~ v• ~~5.!.i ~ ' ~ ~ ~ .~~~A: = ST. ~UCIE COUNTY. FLA: ~ This Instrument Prepared By RiGh~ r,~,~~ :~~cf~ +2FC~!?D V~RtF1~0 ~ First Federal Savings & Loan Associatiort ' - : =y . <;; 191890 ~ of Fort Pierce, F lor i da • r~ • ~ '10 APR 7 PM 2: 5 0 ~ Checked By L~ ~ ~ ~ P.O~ER. ~~OITRAS ~ Ni BOOK183 PACEz6~1 CLERK C~RCUIT COUFti'~ - ~ = - _ . n~ . ~ _ _ _ - e~