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To plao~ ~nd continuou~ly keep on tM buildieg~ naw w Mr~ahK ~t~at~ on ~aid land and or? sll equipment ~od p~nonaily covered by tAi~ mort~- +q~. with dl p~emiums theraoe~ paid in fuil. firo insurant~ i~ th~ utusl itandard poticy form, in e ivm ~pproved by Ihe MORiGAGEf, ~nd windttorm insu~ancr {n tM ~sw) ~ta~~rd pol~cy fa~n, in ~ sum app~oved by the MORIGAGEE, in such company or compani~s as t1+~ MORTGAGEE may d'u~ctj ~nd all fir~ ~nd wind~torm inwr~nc~ policief on any of iaid ~ild~nps, ~ny intert~t therein or part thereof, in 1M a~grcyate wm afweiaid o~ in exceu the?aof, sh~ll contain Ihe ususl s~andad mortyags~ tlause or such othx cl~u:s u the Mwtya9ea may requirs, mal~inp Ihe loss unda iaid poli~ ci~s, each and ew~y, payaWe ro said MORTGAGEE as its inte?est may ~ppe~r, ~nd each and every s~?ch policy ~hali be prompNy ass:flned and deiivorcd to a~y 1»W by iaid MORTGAGEE as fuhher tecurity to uid mortpay~ debt, ~nd, not leu thae? ten (10) days in advance of the expiretion oi eath ppticy, to dr liver ro ~aid MORiGAGEE ~ ~~newsl N+enol, top~thtr with • receipt fw !he pr~m;wn oi such renewal; and there ~hall be no f~re w w~ndstorm insurance plac~d on ~ny of said building~, ~ny interest tht?~in or put thereof, u~teu in the form and with the loaa payable ai a~aesaid; and in the eveM any sum of ma~ey becomas pay~ble vnder such policy w polici~s taid MORTGAGEf shall have the option ro ~ece+re and apply the same on account o( the indebted~ neu setvred Mteby w fo p~rmit s+id MORTGAGORS to receive ~nd us~ it q any part thereof Iw oihcr purposes, wi~hout thareu~ waivi~y o~ ~mpair- iny a~y eqviry, lien w rghl under p by virtue of this mort~aye; ~nd i~ the event sa~d MORTGAGORS shatl fo? sny reason fail to keep the said premius w insu~ed, w fait fo dcliver p?omptly anY of said policiec of inwrancs to said MORTGAGEE, or fail promptly to pay fvlly any premium the~efw or in any rsspect fail q perfam, d~scharge, ~xecute, eff~ct, compkts, comply with snd abide by this covenant, w any psr~ hereof, said MORTGAC,EE may place ~nd pay fa suth inswant~ or ~ny pa?t thereof without wai~irg w ~fiactin~ ~ey pption, lien, eqvily, a right u~dei w by vi.tue ot fhis Mortgs~e, and 1M full anavnl of eath and ~very suth payment shall be immedi+tely dve a~d paysbl~ and shal! lxar interest frcm the date thtreoi ~ntil paid at ths rate oi nine per cent~m psr e~num and together with such i~terest shall be secured by the lien of this mortgsge. 1. To psrmit, commit w suffer no wute, in+pa'ument a deteriwat;on of said property or any part thereof. 5. To p~y sli ar+d sirgulu tha costs, ch+rpes ~nd expen~es, incfuding a reasonable attaney i fee and costs of abstracts of title, incurred or psid at eny time by said MORTGAGEE, because a in ths event of tha failura o~ the paA of the said MORTGAGOR to duly, promptly ar?d fully perfwm, d~uharge, execute, effect, compkte, comply with and ab+de by ~ch snd every the stipulations, agreements, conditions, and covtnanrs of said promissory note and thes mortgape any or e+ther. a~d wid casrs, cha~ges and expsnus, each and every, shall be immediately dve and payable; whe~F+er w ~ot there be no~ice de mand, anempt ro colkci or suit pcnd~ng; and the full amount of each and every such paymem shall bea~ inte?ea~ from the data thereof until p~id ~t the rate oi ni~e per centum per an~wm; and aU said msts, tharges and expenses incu?red w paid, together w~th such interest, thall be setured by the t~en of tha mort~syt. b. Th~t in the event of any brrach of this Nbrtgage w defavlt on the part ot the MORTGAGOR, or (b) in the event sny of said sums of mo~ey herein referred to be not promptly and fully psid within tturty (30) days next afrer the same severa+ty become due and payable, without demand or notice, or (c) in the evcnt each and every the stipulations, agreeme~ts, conditions snd coveeants of sa~d p~omissoiy note and this mortgage any w either are no1 ~~ly, promptly and fully performed, d~scharged, executsd, effec~ed, completed, complied with a~d abided by, then in either ar any such event tht taid a¢ gregate wm mtntaned in said promiuay note then remsining unpaid, with interest acuued, and all moneys secured hereby, shall become due ~nd pay~ abk forthwifh, or thereaiter, af fhe option of said MORTGAGEE, u fully and completely as if all of the said wms of mor?ey wcre orgi~ally st~pulated to be pa~d on s~?th day, ~nything io sa~d p~omissory eate or in this Mortgage to fhe co~taary notwithstanding; and ~hereupo~ or thereafter at the optia? of ssid MORTGAGEE, without notice w demand, wit at law w in equity, thcre(ote ot theresfter begun, may be prosecuttd as if all moneys set~red hereby had maWred pnot to ib ins/itution. 7. That in the event that st ths begi~ninq of or at any ti~ne pending any wit upon this AAortgage, a to fo?eclox if, a to refwm it, w to enforu payment of sny claims fiereunder, said MORTGAGEE shalt apply to the Coun having jurisd~ction thereof fw tF?e appointmeM of a Receiver, svch Court shall fathwith ~ppoint a receiver of said mortyaged property all and singular, includ~ng atl and aingular the income, profits, iuves and revenues trom whatever wurce derived, each ar~d every of which, it b~;np expressly unders~ood, ia hereby matgaged ss if speufically set for~h and described in the g~iming and habend~m clauses hereof. ~nd such Receiver shall have ail the broad and effective furxt~ons and powers in anywise entrusted by a Court to a Receiver, and such sppointment shall be made by such Court as an ~dmitted eQuity and a rt+atter of absolute right to said NIORTGAGEE, and without refererxe to the edequacy a inadequacy of the value of the property mprtgaged w to the solvency or insolvency of said MORTGAGOR or the defendants, and that iuch rents, profits, incwne, issues and revenues shall be spplied by such Receiver according to the lien or equity of ssid MORTGAGEE and the practice of such Court. 8. To duly, promptly and f~lly perfwm, discharge, execute, effett, tomplete, comply with and a~de by eath and every the stipufations, agrtemeMS, condit'ans and covenants in said promiuwy note and this mortgage set fwth. 9. Thaf in the event the ownership of the mortgaged premises, or s,iy psrt ti?ereof, becomes vested in a person otF:er fhan the MORTGAGOR, tht MORTGAGEf, iri suctessws and auigns, m~y, wifhout notice to the MORTGAOR, deal with such sutcessor or successor in interest with refererue to this mortgsge and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or diuhargirg the N?ortgagors' liabiiity here- under or upon the debt hereby secu~ed. No sats of the premises hereby mo~tqaged and no forbearance on th~ part of the MORTGAGEE o? it: :uccessors or augns and no extension of the time for the psyment of the debt hereby secured given by the MORTGAGE~ or its successas w assigns, ihall operate ~ to releasc, discharge, modify change or affect the orginal liability of the MORTGAGOR herein, either in whole ai in parf. , 10. It is specifically agreed that fime h o~ the euence of this mntract and rhat no wsiver of any obligation hertvnder a of ths obligation se- cvred hereby sMll at any tune thereafter be heW to be a waive? of the terms ixrtof or of tix instrvmeM secured herby. 11. In add~tio~ to the fo?ego:ng monthly Payments of priiu'pal and 'mterest required by the promiswry nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with esch month(y payment an add~rionat sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- iny: , A-All real piope~ty ta:es levied w assessed against the above dewibed real estate. B-Premiums o~ fire and windstwm inwrance as herein requ~red to be carried on the improvements situate on the sbove desaibed premises. C-Premiums on s~rch mortgage guaranq insurance as mortgagee shalt from tirr~e to time deem fit to carry on the loan secvred hereby. Mortgagee shalf from time to time notity mortgagor in wriring of tF~e amount due and payable hereunder a~d such sum shall thereupon be due and payable on the due date of the ~ext mo~thly payment and each successive month thereafter urtil mortgagee shalf notify mortgagor of a change in such amount. Such sums shall be appiied by mortgsgee toward iRe payment of rea! property taxes, ir~surance prem:ums, and morigage guaronty insurance premiums. . IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a~d ear first aforessid. ~ Sig , Sealed a d de 'vered in the presence of: ~ _ 1 n ~ f ~ ~ i ~ n n I STATE OF fLORIDA ` ` ST. LUCIE ~ ` ~ coun~tt oF ~ f Before me penonally appesred william Barl Braun ; Carolyn Jane Braun his wife, to me wsll known and known to me ro be ~ the individwb desc~ibed in and wlw executed the foregoiny instrurt?ent, and ackrww{edyed Lxfore rtk that they executed the same for the purposes ' rtk?~~n e,sp.~,s~d. n~d rne u;a Carolvn Jane Braun ; wife of ths said _ Wi lli ~ Farl Rra ~n upon a sepsrate and piwt~ e~cam~natan by me taken xparate ~nd apart from her said h~st»nd, adcnowledged to and before me that :he exeeuted said instrument freely and volvn~ rarily and w~tMovt any compvlsion, consfraint, ~ppre F~ e n sion, or fem of o? from her said husband. WITNESS my hsnd and officisl seal th:~ dsy of 11 q p. 19 7Q i f ' Notary Public in u,d fo~ the State of Floride ~t lsr~e ~ Retvm Ta. . . ' Mr Commission expires: `~,.,?~~tu~it~iq . Fint Fedenl Savings a Losn Auociatwn l~4 ~ ! ~ ~ N~1~ PU9UC~ STATE OF FlOR1DJ1 AT Wl6E Of Fort ~~erce. t~ . MMISSION EXPIRES SEPT. 23, 1973 . Fut Pierce. FlwiJa : ~ ' ~ v J • ' ~ f~ ~r ~ _ : . . ;'r~-"~: e-- FILEO AND fiEC~R9ED7 . ~ ~ = J ST. LUCIE COUNTY: ~'LAY , - ~ , ~ _ . R~C~JRD VEE~IFiEO This Instrument Prepared By Wtv. fi. $~C;zuti. 0,~,;-.~, First Federal Savings & Loan Association ,;S,•:;%'.'::w Q':'':~_,' 1~~5g ' of Fort Pierce, R lor ida ~c~~.; . ~~f ~L~ i~.•••' '70 APR 1 S AM 914 I ~ ar,u1 Checked BY - . ' - ' ~G ~I1RAS ; ~v~~ dt~r R 8~~~~~ ~ ~ ERK CtRCUtT COURT: ~ ~ . tN _ - . < . - ~ : ~ _