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To place and continuously keep on the bui!dings now or hereafter utuate on said tand and on ati equipment and per»nally covered by lhit matg- egs, with aN prem~ums thereon pa~d in full, fire insur~nce in the usual standard policy form, in a sum app~oved by the MORfGAGEE, and windstorm insurance in the usual s~andard po!~cy fwm, in ~ sum approved by the MORTGAGEE, in such company or compan~es as the l4~ORTGAGEE may direct; ar~d all fiie and windstorm insurence policies on any of ~aid build~ngs, any inttrast therein or part thereot, in the aggregate sum aforesaid w in exceu thereof, shall cor+tain the usual standard mwtgagee clause or such o~hcr clause as the Morfga4ee may requ~re, making the loss under sa~d poli- cies, each and every, payable ro said AtORTGAGEE as its intereit may appear, and each a~d every such policy shall be promptly assgned and de~ivered to eny he~d by sa+d MORIGAGEF as lurther security to said mortgage debf, and, not less ~han ten (10) days i~ ad~ance of the eapira~~o~ of each pol~cy, 1a de- liver to said MORIGAGEE a renewal thereof, togethw with s receipt tot the premium of such renewat; and lhare shall be no f~re or windstorm insurance placed on any of uid buildings, any interest therein or part thtreof, unless in the fo.m and w~ih the loss payable as afwesaid; and in the evenl any sum of money becomes payable undr~ suth policy or poliues said MORTGAGEE shall have ~he opt~on to reteive and appty the same on account of the indrbted ! ness 3ecuted h2~eby a lo petmit said MORTGAGORS to receive and ut! it W any part theteof far othcr pu•p~srs, v.~~hout th ~rru~ wa;ving or unpair ing any equ~ty, lien or ri9ht under o~ by virtue of this mortgage; and in the event sa~d MORTGAG02S shall fw any reason fail to keep the sa~d premises so insured, or fai) to deliver promptly any of said policies of insurance to said MORTGAGEE, or fail prompfly to pay (u:ly any premium therefw or in any respect (ail to pertwm, discharge, execute, effect, complete, tompty w;th and ab~de by th~s covertant, or any part hrreof, said MORTGAGEE may place and pay for suth insuronte w any parf thereof without waiving or aflecting any option, lien, equity, or riqhf unde~ or by viitue of this Morlgage, and the full a~nounl of each and eve~y such payment sha!1 be immediately due and payabte and sha11 baar interest f~om the date thereof until paid at tha rate ol ' n~ne per cenrum per annum and to~ether with such interest sha~l be secured by the lien of thii mortgage. 1. To permit, commit w suffer no waste, impairment w deterioration of said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable aitorney's fea and cosrs of abstracts of title, incurred or pa~d at any time by said MORTGAGEE, because a in the event oi the fa~lure on the part of ~he said MORTGAGOR fo duly, promptly and fully perfo~m, d~scharge. exetute, effect, comptete, comply with and ab:de by each and every the stipulahons, agreements, conditions, and tovenanfs of said promissory note and this morrgage any or e+~her, and w~d costs, charges and expenses, each and every, shatl be immediately due and payable; wherher w not there be no~ice de maRd, artempt ro collect or suit pend;ng; and the f~ll amcunt of each and every such payment shatl bear ~nTCres~ from thr date thereo4 untit paid at the ~are o~ nine per cenrum per annum; and all said costs, charges and expe~ses incurred w paid, together w~~h such interest, thali be secured by the tien of thi~ mwtgage. 6. Thal (a) in the event of a~y breach of this Mo.tgage or default on tM pa.t oi the MORiGAGOR, or (b) ~n the event any of sa:d sums of money herein referred ~o be not promptly and fully paid within thirty (30) days next after the same severatty beca»e due and payable, without demand or notice, or (c) in the eveM each and every the stipulations, agreemeNS, conditio~s and covenants of sa:d promissory oote a~xl th~s mortgage any w either are not ~uly, prompfly and fvlly perfo:med, d~scharged, execu~ed, eifected, completed, complied with and ab~ded by, then in e~ther or any such event the said ag gregate s~m mentioned in aaid promisswy note then remaining unpaid, with interest accrued, and afl moneys secured hereby, shall become due and pay- eble fortAwith, o? thereafter, at the option of sa~d ARORTGAGEE, as fully and completety as if ail of the said sums ~f money were w~ginally stipulated to be pa~d on such d~y, anything in sa:d promisswy note o? in this Mortgage to the contrary ~otwithstanding; and fhereupon or therea!te? at the op?ion of said MORTCaAGEE, without notice w demand, suif at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys tecured hereby had matured pnw to its institutiw?. 7. That in the evenf that at the beginning of or at any time pending any suit upon this Mortgage, w to (orcclose it, w to refwm it, or fo enforce payment of any claims hereunde~, said MORTGAGEE shalt apply to the Court having jurisd:uion rhereof !or the appo~nfinent of s Receiver, such Court shafl iorthwith appoint a receiver of said mortgaged prooerty all and singula?, includ~ng all and sin9ular the income, proi~ts, iss~es ~nd revenues f~om whateve~ source derived, each and every of which, it be'sng expressly understood, is hereby mortgaged as if spec~ficaily set forth and deuribed in the granting and habendum ciauses herapf, and such Receiver shall have all the broad and eifective funct~ons and powe~s in anyw:~e entrusted by a Court to a Receiver, and s~:ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and without reference to the adequaq w inadequacy of the value of the property mwtgaged or to rhe sotvrncy ar ;nsolvency of said /AORTG.iGOR or the defendann, and that such rents, profits, ince.~ne, issues and revenues shall be app~ied by such Reteiver according to the lien or equity oi said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, compiete, compty with and abide by each arsd every the stipulations, agreements, condilions and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premi:es, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successws and au:gns, may, without notice to the MORTGAOR, deal with such suctessor w successor in interest with reference fo fhis R:o~~gage and the deb! hereby secured in the same manr~er as with Mortgagor without in any way vitiaiing or discharging the Mottgagors' liability F?ere- under or upo~ the debt hereby sxured_ No sale of the premises hereby mortgaged and no forbearance on the part oi the MORiGAGEE or its sutcessors or assigns and no extens:on of the time iw fhe paymertt ot the debt here6y secured given by tne MORTGAGEE or its successors or assigns, ahall operate to releau, d~uharge, modify change or af(tct ihe original liability of the MORTGAGOR herein, either in whole or in part. 10. It is spec7fically agreed that time is of the essence of this contract and that na waiver of any obl~gat~on hereunder or of the obligation sr curzd hereby shall at any time thereafter be held ro be a waiver of the terms hereof or of the instrument secured heiby. 11, fn add~tio~ to the forego'ng mo~thly payments of print'pal and inte~est reqvired by the prom~szory nore secured hereby, mortgagor covenants and agrees to pay to mo:tgagee vvith each monthly payrnent an addi~io~a: sum est~mated by mortgagee to be eq~al to 1;~12 of the annual cost of the fo~low- ing: A-All real property taxes fevied or assessed against the above described real estate. B-Premlwns on f:re and windstorm insura~ce as herein requ~red ro be carried on the improveme~ts situate on the above described premises. C-Premiums on such mo:tgage guaranty insurar,ce as mortgagee shatl from t:me to time deem fit to carry on the loan secured he~eby. Mortgagee shail from time to time notify mortgagor in writ~ng of the amount due and payable hereundar and suth surn thafl 1Fereupon be due and Fayable on the due date oE the next monthly paymem and each successive moMh thereaflcr ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums sFail be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage g~aranty insurance premiums. IN WlTNE55 '.VHEREOF, rhe said MORTGAGOR has hereunto set his hand and seal the day and year first aforzwid. Signed, Sealed and delivered in the presence of: - Seaq - (Sea~ - - - (Sea4 - lSea~ STATE OF FIORIDA ~ COUNTY OF St. L11C1B ~ eefore me penonally appeared Marvin L. Leffew and Diane Leffew his wife, to me well known and known to me fo be rhe individwls destribed in and who exetuted the foregoing instrument, and acknowtedged before me tFwt they executed the same for the purposes therein expressed. A~d tFe said Diane L effew ~vife of the said Marvin f.. Leffew ,~~~~e ~~~v~te examination by me taken separale and apart from her said husband, acknowledged to and k+efore me that she exetvted s ' ~ J(~i !iR_tt~( fI~ VOIVM tarily and w~tho~t any comp~lsion, constraint, apprehension, or ~ear of or from her said husbend. '~3L,.••••..~~Q•`!~.~ WITNESS my hand and offic;al sea( thi: ~ I ~ day of A ril Ef,~:' A•.,~ ~Q ; ~ - . ; ~r;.~ - • - ~ "~•:fsc ~ ' Notary Publit in and for thi - _ ~ c= My Commission expires: . : Retum To: ' ~ ~ ~ : v ~ ~ ~ • . ti~.~- ~ ~ ` firsf federal Savings a Loan Association ry , ; ~ ~ ~ Of Fort Pkerce_ ~ ~ ` / - ~i'd"{r G ~ i~~~ s~ q Fo~t Pierce, Flwida , i~~ FILEG AND r~ECOR~JED~ ~ • LllC1~ i.~JU~JTY. rL~:•. - r ^::1='r='1 This Instrument Prepared By Richard K. Kayes 19245 First Federal Savings & Loan Association ,2 of Fort Pierce~ FlOrida ~7~ aP!? 2~ pM 2~ 26 Checked By _-~~l~G~. ,~CG ' .•~':;cn ~~~)!'ft=.:.S ~~8~ P~Cf,~~ c~rcc,t~; c~u~r . c f