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To plxe u+d coroinuously keep on the buifdingf now w h~reafrar ~ttuaN on sa+d land and o~ all equipmen? ~nd psrsonalty cove~ed by this mwt~ sg~, with •11 p~emi~mi ~Aereo~ ps~d in full, iire insurance in the viual uandard pol~cy lorm, in a sum approved by ~he MOR(GAGEE, and winditorm insurar?ce in the usual s~andard pol~cy fam, in ~ sum approved by the MORTGAGEE, in fuch company or companies as the MORTGAGEE rsssy di~ect; and all fire a~d w~nditorm in~urante pol;cies on any o( iaid build~n~~, ~ny interest therein or pa~l thcreoi, in the aggregate tum ataessid w in ~xceu the.eof, shall contain ths ~sual standard mor~gages clause w such o~her clauss ~s the Mwtgagee may requ~rs, makinp the loss undN ~a~d poli- cies, each and eve.y, payeble to said MORTGAGEE as iti inre~est may appear, and each a~+d eve~y such po~icr shall be p~omp~ly ass gned and detivered ~o •ny held by said MORiGAGEE as further sec~rity lo said mwtgage debt, and, oot leu than ten (10) dsys in advance of the e:piration o1 each policy, to dr ~~ver to said MORTGAGfE a renewal thereof, tope~her wifh a receipt for the premium of such renewal; ar~d ~here shall be no i«e o, wi~~dsto~m insurancs p~aced on any ol said buildings, any interesl thrrein or part the~eof, ~nless in the form a~d with the loss payable as a(wesaid; and in the event a~y sum of money becana_payable uoder such potiq or policies said MORTGAGEE shal) Mve the optioe to receive and apply the same oo account of ihe indebted ness secured h~veb o~ to rmit said MORTGAGORS ro rtceive and use it or an ' ~ Y P~ Y Parl thereof for other purposes, v.~ihout ~h.re o~ wa~vi~i3 or mspau- ing any equity, lien or right under w by virtue of this mor'gage; and i~ the evenl said MORTGAGORS shall tor any reason fail to keep ~he said prtmises so insured, w isil ro delive~ promptly any of said policies of ins~rante to said MORTGAGEE, or iait prompNy fo pa~fuNy any prem;um therefor or in any ~ refpect fai! to perfwm, d;scharge, exccute, effect, complete, comply with and ~bide by this cove~ant, n. any part he~eoi, said MORTGAGEE may place and 1 pay iw svth insurarxe w any part fhereof without waivirtg w ~ffecfi~g any optiw?, lien, eqvity, o~ ~ighf under or by v:rtue of lhis Mwtgage, and the : full amount oi each and every s~ch payment shall be immediately due and psyaWe ~nd shall besr interest from the date thereof un~il paid a1 the rate of { nine per centum p~r annum and to~elher with suth inte~est shali be secured by 1F~e lien of this mortgsge. 1. To permit, commit or sufier oo waste, impairment w deterioration of sa'id property w any part thereof. 5. To pay all and si~gutsr the costs, charges and exprnses, including a reasonable attorney's fee and costs of abs~rads ot title, ~ncuned or paid at any time by said MORTGAGEE, becauu or in the event of the failure on the part of the said MORTGAGOR to duly, promp~ly and fully perfo?m, d~scharge. execute, effetl, complete, comply w~th and ab~de by each and eve!y the stipufations, agreements, tonditions, and covenants of said promissory note and this ~ mortgage any or e~ther, and sa~d costs, charges and expenses, each and every, shatt be immediately due and payabJ.; whether a not there be notice ds ~ mand, attempt to collect or suit pend~ng; and the full amouM of each and every such paymem shall bear interest from the date thereof until paid at the } rate of nine pe~ centum per annum; and all said tosts, charges and expe~ses inturred or paid, fogetfier with suth interes4 shaii be secured by tl~e lien of th~i ' mortgage. . Q That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, o~ ib) i~ the event any of sa?d sums of money herein referred ~o be not promptly and fully paid within thirty (30) days next after Ihe same severatly become due and payabfe, without demand or notice, or (c) in the event each and every the sfipulations, agreements, condirions and covenants of sa:d promissory note and th~s mortgage any or either are not 4 ~uly, promptly and (ully perfamed, d:scharged, eaecuted, effected, completed, complied wi~!~ and abided 5y, then in e~ther or any such event the said ag ~regate sum mentioned in said promissary note then remaining unpaid, with interes~ accrued, and a11 moneys secuaed hereby, sha11 becom.e due and pay- abte forthwith, p fhereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of mo~ey were or~ginetly stipulated to be pa:d on such day, anything in sa;d prom~ssory note or in this Mortgage to the contrary nolwiths~anding; and thereupon or ~hereafter at the option of sa:d MORiGAGEE, without norice w demand, suit at law ot in equity, therefwe ot thereaiter begun, may be prosecuted as if all moneys secured hereby nad matured pna to its institution_ 7. That in the event that at tFx beginneng of or at any time pending any wif upon this Mort~age, or to faeclose it, or to reform it, or to enfwce payment of any claims hereunder, said MORTGAGEf shnll apply to the Cour! having jurisdiction fhereof for the appointment of a Reteiver, such Covrt•shall Forthwith appoinl a receiver of said mwtgaged property all and singular, ir~tlvdmg al~ and singutar the intome, proiits, issues artd revenues from whatever source derived, each and ev4ry of which, it being expressly understood, is hereby mortgaged as if spec~tically set fo~th and desuibed in !he g+anting and habendum cl~uses hereof, and such Receiver shall have all the broad and effective funct~o~s and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Couri as an admitted equity and a matter of absolute right to said MORTGAGEE, and witFwul reference,lo the adeqvacy or inadequacy of the value of the property mortgaged o~ to ~he solverxy or inso~vency of said MORiGAGOR or the detendants, and that such rents, p~ofits, income, iuues anc! eevenues shall be applied by such Receiver accord~ng to the lie~ or equity ot uid MORTGAGEE and the practice of such CouR. 8. To duly, promptty and futly perform, discharge, execufe, effetL complete, comply w;th and abide by each and every the stipuiations, agreements; conditions and coveoants ~n u~d promiaswy note and this mortgage set forth. _ 9_ That in the event the ownership of the mortgaged premises, a any part the?eof, becomes vested in a perton other than the MORTGAGOR, the MORTGAGEE, its succeuwi and assigns, may, without notice to the MOR7GAOR, deal with such suttessor oa successw in interest with. reference to this mortgage and the deb7 hereby secured in the same manner as with Mortgagor without i~ any way vitiating p diuharging the Mortgagors' lisbility FKrr under q upon the debt hereby secured_ ho sale of the premises hereby mortgaged and no forbearante on Ihe part of the MORTGAGfE w its successors or auigns and no exrension of the time for rhe payment of tF~e deb? hereby secured given by the MORTGAGE'_ or its successors or auigns, shall operate ro release, dacharge, modify change w affect the originat liability of the NkORTGAGOR 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 obt~gation hereunder or of tFe oblgstion sr f cured hereby shati at any time thereafter be held to be a waiver of the terms hereof w oi the instrument secured herby. ! l. Irt add:t;o~ !o the fwego"ng monthly payments of princ'pal and interest required by the promissory note secvred hereby, morlgagw covenants and agrees to pay to mo:tgagee vcith each monthly payment an addirional sum estimated by matgagee to be equal to 1 j 12 of the annual cost of the follow- ing: • A-Atl real property taxes levied or assessed against the above descri4>ed real estate. ~ B-Premiums on fire and windstorm insurance as herein ~egu~red to be carried on the improvements situate on the above described premises. C-Prem3oms on such mortgage guaranty insurar~ce as mortgagee shatl from tme to time deem fit to tarry on the loan secured hereby_ Mortgagee shait f.cm time to time notify matgagor in writing of the amount due a~d payable hereundrr and such su~n shal! thereupon be due and Fayable on the due da~e of the next monthly payment and each successive month thereaftei ur.til mortgagee shall not:fy mortgagor of a change in such amount. $uch sums sF~a!I be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, a~xl mortgage guaranfy insunnce premiums. IN WITNE55 WHERcOF, the said MORTGAGOR has hereunto ut his hand and seal the day and year first afwesaid. . Sig , 5 ted an deliver in th presence of: ~ . ~ ~ a~ aq Seal) _ ~-n ; ~ STATE Of FLORIDA ~ , couNn oF ST . LL)C IE ~ ' i ~ ~ Befwe me pers«wlly appeared AY I15 S D. Ether idge a~ j Marv E• Etheridge h;: W~r~, to me well known and known to me to be i the individua{s desuibed in and who executed the fwegoing instrvrtKnt, end atknowfedged before me that they executed the ssme for the purposes ~ rherein expressed. And fhe said Marj/ E Ether ~ dqe ~ wife of the ~~d p?rliss D. Etheridge • ~„p~ a~s~.,nd P.war. examinatwn by me taken separate ar?d apart from her said husband, acknowledged to end befwe me that she executed sai~.i r i iriirrj~ril.. ftDely" and vo{um r a r i l y a n d w~ t h w i t a n y c o m p u l s i o n, c o n s irain t, apprehen;'~~or fear o f or irom h e r sa i d hus b a n d. ir. W(TNESS my hand and officiat seat this y day of une _.y_p ~p~~ - --1--:~ ` ~i ~ ~ _ . Notary Pubfic in and for tMe _5ta{g:of"~iilid at~~e~ My.-C,ornmiuion expi[es: +a. : ' ~ Return To: /n ~3' , ,~.Z' ~ Q : First Federsl Savings 3 Loan Associat;on / : i~ r.~,:;. : . Of Fort P~erce. t'':.~%~' f~' Fort Pierce, florida ~1 ~ } ` • ~ t ~ ~ FILEO AND RECOROEB'- - • - ST. LUCIE COUN7Y, FLA. ~ECORD VERJFI~D This tnstrument Prepared By Richa,rd K. Kayes . First Federa~ Savings 8 Loan Association ~ of Fort Pierce~ Florida ~T~ J~N 9~ ~ 56 ' Checked By ~ - ' --~e ~or.dl-L~ ~ ROGCR P0ITRAS CLERK CIRCUIT COUaT' . 80DIf 185 PACE 146 . - ~H-~ } - ~ - - - ~ Y ' ~ y -