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To plece and confinuously keep on th~ bui!dings now or hereafter s~tuate on ~a~d tand and on ali equ~p~nent and pe~sonaily cove~ed by tl~is mortg- ege, wi~h all prem~ums thereon pa~d in full, firc inwrance in the usual ste~ulard policy form, in a swh aNproved by the MORIGAGiE, and w~ndslon» insurante in the usual ttandard pot.cy 1o~m, in a sum apprpved by ihe MORTGAGEE, in suth company o~ tompan~es as Ihe MORIGAGEE may direct; and •11 fire and wi~dstorm in~urance policies on any of said build~ngi, any inre~esl therein or part thrreol, in the aggrega~e s~m a4oresaid or in excefs thereoi, shel) coniain the uwal standa.d mortgagee dause o~ such other clause as !hc Mortgagee may requ~~, maAing ~he loss under s~~d poli- cies, each and every, payable to said h10RTGAGEE as it~ interest may appear, and eath and every such policy ahafl be pro~nprly ass gned ar,d del~vered ~o any held by iaid MORiGAGEE as funher ~ecurity to said mor?gage debt, and, no~ fess ~han ten (IOi days in advance o( rhe expiration of each policy, to dr I~ver ?o said MORTGAGEE a ienewa! the~eof, togetAer with a receipt for Ihe premivm of such renewal; a~~d there shall be no t~re or w~~~duoam inwrance placed on any of said building~, any interesl there~n or par~ thereof, vnless in the form and with the loas payable as uforesaid; ano in the eve~t any sum of money becomea payable vnder such poticy a poliNes said MORIGAGEf shall have ~he opnon to receive and apply the sa~ne on account o~ ihe indebtrd- ness secured hereby or lo permit said MORTGAGORS to reteive and use il w any pa~t theceof for othe~r purF;oses. ~v~tho~t ~h c» wa~~ or ~~n~.,~.- ing any ~quity, lien w right under or by virtve of this mo:lgage; and in the event sa~d A1pRTGAGOR$ shall far any reason (ail to k.:ep ~he said p~em;srs so ~ inevrMl, or fai! fo deliver p~omptly any of said poLcie~ of inaurance ro taid MORIGAGEE, or fail promptly to pay fu11y any pre~„w~n therefor or in any raspect (ai~ to periwm, discharge, execute, eftec?, tomptete, canply with and ab~de by this covenanl, or any parl h¢reof, sa~d MURTGAGEE may piace and µay tcu i~,h insuranca ~r aa~ Nart there~f Kit!t W_.~? :a cv a~lec~ing ~ny o~tion, lien, equity, o~ ripht under w b~ virt~e oi ihis Mongage, and the full amount of each and every such ptymeN shall be immediately due and payable and shall bear i~terest from the dale ther~hl until po~d at the wte ol mne per centum per annum ond ro~ether wi~h such imerest shali be secured by tha tien oi this mortgage. To petmil, commit or sutfer no waste, impairment or oeterio~ation oI said prope~ty or any part thereof. 5. To pay atl and singuta~ the costs, charges and experses, including a reasonable attorney's fee and costs of abstracts o! tit~e, incu~red or paid at any time by ~aid MQRTGAGfE, betause or in the event of the fa~Iure on the part oi the said M.'JRTGAGOR to duly, p~omptly and F~ily p~rfor~n, d~scharge. execute, effect, canplete, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditians, and cove»anrs ai sard prom~uory note and th;s mortgage any or eiiher, and sa~d costs, charges and expenses, each and every, shall ba immed~ately due and payable; wheiher or not there be nonce dr mand, rttempt to collect o? suil pend~ng; and the foll amount of each and e~ery svch paymeN shalt bea. interes~ ~rom the date thereot unril pa~d at the r,~re oi nine per tentum per annurn; and aft said cosrs, charges and exFxnses inturred o? paid, together w~th auch, ~merest, shatl be secureJ by the lien o1 th~~ mortgage, 6. That (a) in the event oF any breach of this Mortgage or deiault on the part of the MORTGAGOR, or (b) in the event any of sa:d su~ns of mo~ey herein retened to be not p~ompNy and futly paid wirhin th~.ry (30) days n~xf afrer the same severa'•~y become due and payable, wi~hout demand or nonce, or (c) in the eveM eath and every the atipulatio~s, agreements, cor.ditions and covenams o1 sa•d promissory note and th~s mortgagr any o~ eithe~ a~e no1 i~ly, promptly and fully performed, d,scharged, exewted, effected, completed, compl~ed with and ab~ded Sy, then in e~ther o? any wch evenf !he sa,d ag grega!e sum mentioned in said promissory nore then remaining unpa~d, w:tn imerest accrued, and all moneys secured he~eby, shell lxwme due and pay abie forthwith, or thereaite~, at the opt;on oS said MORiGAGEE, as fuily and comple~e~y as il aIl of the sa~d sums of money were or,gmai?y s~~putated to be pa~d on such dsy, anything in sa:d prom~sswy note oa in thi~ blortgage to tbe tontrary notw~thstand~ng; and thereupo~ or thrreaf~er at the opt~on o} said MORTGAGEE, without not~ce or demand, suit at law w in equity, therefore or Ihereafter begun, may be prosecuted as if all moneys setured hereby nad matured pr~or to as instituGo~. 7. That in ihe event tha/ at the beginning of or at any time pendi~g any suit upon ~his Mortgage, or to toreclose it, or to ~eform it, or 1o e~force payment of any claims he~eunder, said MORTGAGEE shalf apply to the Court haviny jurndictio~ thereof lor the appo.ntment o( a Receiver, such Covrt shafl Forrhwifh appoiM a receiver of said mortgaged prouerty all and singutar, inctud~ng atl and singu~ar the income, prof~ts, ~ssues and rr.enues frorn whareve~ sowce derived, each and every of whrch, it being expressly undentood, is hereby mortgaged as if apec~licalty se1 forth and descr~bed in the granri~y and habendum clauses hereof, and such Receiver shall have aIl the broad and eHective funct~ons and power~ in anywise entrusted b•~ a Co~r~ to a Rec~iver, a~d s_ ch appointmenr shail be made by such Cot~rt as an admitted equity and a matter of absolute right ro sa~d MORTGAGEE, and withoi~t refere~ce to the aciequacy or inadry~acy ol the value of the property mo~tgaged or to the soive~cy w insclvency ol sai~ MORiGAGOR or the def,:ndants, and rhat s~ch re~.TS, profits, income, issues and revenues shall be app(ied by such Receiver accord~ng to the lien or eqwty of said MORiGAGEF and the prauice oi such Gourt. 8. To duly, promptly and fully p~rform, discharge, execute, effect, complete, comply wi?h and abide by each and every the stipuia~ions, agreements, conditions and covenants ~n se~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person orher than the MORTGAGOR, the h1CRTGAGEE, its successws ar.d assigns, may, without notice fo the MORTGAOR, deal with such successor a successo~ in interesl w~th refereoce to this mortgage arx! ±he debt hereby secured in the same manner as with Mortgagor vvithout in any way vitiating or d~scharging the FAo~tgayori liabilrty he+~ u~,der or upon the debt he.eby secvred. No sale oF the ptemises heieb/ mortgaged and no fo~bearance on ~he pan of the /~AORIGAGEC w its successora o~ as:igns and no exrens:on of the nme fw the payment of the debt hereby secu.ed given by the MORii'iAGE'_ or its successws or ass~gns, a~~all operate _ ro release, d~scharge, modify change or afiecf the orig~nal Iiab~Gty of the MORTGAGOR he~ein, either in wbole o~ en part. 10. It is spec~ficaNy agreed rhat time is of the esfence of this connad and that no waiver of any obl;gation hereunder or of the obligation se- cured hereby sfiatt at any time thereaNer be heid ro be a waiver of tfie tem,s hercof o. 04 ~he i.r~r.umen~ secured herby, 11. In add.ron to the forego:ng monthly payme~ts of prir.Cpal and interest reyuired by the prom;ssory no!e sccured hereb{, mortga~or covenants and agrees fo pay to moctgagee v~ith each monrhiy payr.~ent an add~riona! s~m estin,ated by mortgogee to be eyua! to i 12 of tbe ann~al cost of the folJow- ing: - ~ ' i A-dtl reai property taxrs levied or assessed aga~nst the above descrebed real estjte. B-pren.:u~ns on fne and windstorm insu~ar.ce as herein :equ;red to be carr~ed on the ~mproveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty inwra~~ce as mortgaqee shall from t:me to time deem fit to carry on fhe loao secured hereby. Morrgagee sha!I from time to time notify mortgagor in writing oF the amount due and payable hereundrr and such sum shall thereupon be due and i.ayable on the ciue date of the next mo~th!y payment and each successive month thereafte~ ur,til mortgagee shall not~fy mortgagor of a change in such ~•*;ount. Such sums sFa.{ be applied by martgagee toward the payment of real property taxes, insurance prem.ums, mid mortgage guaranty insurance oremiums. ~ IN WITNE55 Y~HER' . the said M RTGAGOR has hereunto set his hand and seal the da ear first afo i~. Signed, Sealed a elive ese q~; ~ / ~J al) (Seal) ~ ~ (Seal) (Seal) SiATf OF FtORIDA ~ ; ~OUNTY CF _ $t. 1,S1C~@ ~ ' f Before me personally appeared Ronald L• ~'~DIT13 and ~ Pa~ela MOY1'~f his wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes rherein expressed. And the said p3illa T NOYZlt ,v~fe of the said Ronald L. Morris upon 4,yeAar~tt snd privste examination by me taken separate and apart from her said husband, ecknowfedged to and before me that she ezecuted saic~j~M1tMM~i~~~lr ancl volun- rar~iy and without any compulsion, tonstraint, apprehension, w fear of or from her said husband. .~'+4: 1~~~ WiTNE55 my hand and affic~st seal th~s t~~ day of $@ t@ItbQ! E(~~~~~19~~ ~ ' r v~~*-,s t~ _ ~ ~ '1:~ ~ ~~i~ ~ E Notary Public in and fot' My Commiuiot~ expir ~ ' , ~A• Return To; M ~ : Fint Federal $avings E loan Auociation ' FT~~,EQ'ANOt RE~ j 'o• "i ~ Of fOrf P~erte. ~ 1. ~UCIE COUNTY~ F` . " ~ : ~ • ~ . ~~~i• •~',jp,~~~~ a Forf ~irrte, F(orida , ~~~^Rf; VERtFIE~ I~~~, f r' j~'~).,,~ ~9~(1~1 ' : . i ! This instrument Prepared 6y Jaa6s e. Chasta~ SEP 28 ~ ~ ~S. ~ q-~3 First Federal Savi~gs d~ Loan Association of Fort Pierce , Rlotida ^^~Y'~ ~occ~ ~oiTRC,s Checked ey~_ , CLERK ClRCUIT GOUR1`~ ; ~ , ' BOOK ~8~ PACE ~ s - - _.e. . . . . L - _ _ ~~W " . i ~