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To piace and contin~ously Aeep on 1~ie bui`d~ngs now or hereafter vtuate on sa~d land and on ali eq~.ii~unent anCS personally co~e~~•d by ~h~; mo~~g- age, wilh all premiums thereon pa:d ir. full, tire inwrence ~n the usual stanJard policy lorm, in a sum a~.N~eved by thc MUk~i,~G[E, a~~d w~ndstonn insurante in the usual s~andard po~~cy form, in a su~» approveo by the h1pRTGAGEE, in such cou~pany or compan~es as ~he MORTGAGEE may direct; and all firo and w~ndstorm inwrance polic~es on any oi said bu~ld~ngs, any inteiesl ~he~ein or pai! thercol, in 1he aggr: gate iu~n aio~eiaid or in sxcess Ihercof, shall contain the uswl standard mwrgagee clause or such other cta~se as the Mo~~yagee may requue, niaking ihe lois unJe~ s~~d poli- ues, each ano every, payable to said ti10RTGAGEE as ~ts interes~ may appear, and each and every avcfi pu!~cy shall be p~or:~p~iy a~s c~~~~d a~~d deLvered ~o any held by said MORTGAGEE as f~rther securiry ro said mortgage debt, and, not kss Ihan ten (10) days in advance o1 the expnat~o~~ 01 each polrcy, to de- i~ver to sa~d MORiGAGEE a rer.ewal ther:of, toyNher with a rece~pt for ihe premium o1 such renerva~; and there shall be no f~~e or w~.~Jstwm insurance place.l on any o1 said buitdmgs, any iNe~est therein or part thereoi, unless in ~he form and with the ~oss payebte as afores~id; and in the eve~t any sum of money becomes payable under such policy or polic:es said MORTG.~GEE shall have the opt~on to recrive e~~d apply the aan~e on acco~~~~ ol thr indebi~•d- ness secured hereby or to permit said MORTGAGORS to reteive and use it w any part the:eol tor o;n~ r pu~, os~•s. .:,~h~.:t ih cr ~~:~;,..~r- ing any equ~ty, li!n or right undc~ w by virtue of this mo:`9age: a~d in Ihe eveN sa:d MORTGAGOR$ shatl for any tcason fail to keep thc aaiJ ~itemis.s so insured, or (ail to deliver promptly any o) said pofcies of inwiance to said MORTGAGEE, or 1a~t promptly to pay lully any p~r n~um therefur or in a~~y respect fail to perform, d~scharge, execute, effect, comp~ete, comp:y wi~h and abide by th~s covenant, or any pa~f h:reo(, sr~d Mi:Ri;,AGEE ~»a~ piace a~o pay tw such insurance or sny part thereo( without waiving or af(ecting any opt~on, lien, equ~ty, or ri9ht under or by virtue of th~s hlor~yage, and thc full amount o( each and every such payrr~ro shall be immed~ately due and payable and shall brar inter~•at trom the date the~cuf unt~l p.,~d at ~i~e rate cl nme pet centum per annum and to~e~her with suth iroerrst shau be sccured by the lien of this mortgage. 1. To permit, commit w sufter no waste, impairment w deterioration of said property or any part thereof. 5. To pay all and singular the costs, tharges and expenses, including a reasonable anomey's fee and costs of abstracts of Nt~e, incuned or pa~d a+ any time by sa~d MORTGAGEE, becauae or in the evem of the (a~lure on ~he parl of the said MORTGAGOR to du~y, pra>>Htiy and fu.~y p::~form, d+sc~arye exrcute, elfed, compkte, comply wdh and ab:de by each and every the st~pula»ons, agreements, condit~ons, and covenanfs of sa~d pre~~~r>sory note a~~d iF•~~ mortgage any or e~ther, and sa:d costs, charges and ezpenses, each and eve~y, shall be immed~atety due and payab:e; wh•_•iher o. not th~•re be nohce dr r.:and, altr.:zpt ta cc'!ec! C~ !v~? perd~^g; a~d th!' r~*o..~~t of each and everv such oayment shall bea. inr~~res~ from the dare thereol unlil pa~d at Ihe r.ie oi n~ne pe~ ctnt~rn ~r on:w:n; and all said costs, charges and eapenses incurred or paid, together w~+h such interest, shail be sec~red by ~he Gen of th;s mOttpage. 6. Thai (a) in the event of any 6reach of this Mortgage or default on tF~ part o( the A10RTGAGOR, or ;b) ~n the ever,t any oi sa d svms of money herein referred to be not pnNrptly and fully paid within thut~ (30? days neat after the same severelty 6ecane due and payable, wNhuut de~~~and or norce, or (c) in the event each and every the stipu~ations, agreements, cond~tio~~s and covenanrs of sa d pro~nlssory notr anJ th~s rnortgage an~ o. e~ther are ~01 ~uly, ptomptly and fully performed, d scharged, exK~ted, effected, tompleted, mmplied w~th and ab~ded 5y, then in e~thar w a~y auch event the sa:d ag ~regate sum mentioned in >a~d promissory note then remaining unpa~d, with interett accrued, and a~l moneys aec~red hereby, shall become due and pa~- eb'e forthw~th, or therea(ter, at the opt~on of said MORTGAGEE, as tully and completely as iS all of the sa+d wms ot muney were or~g~na~ly snpu,ated 1o be pa:d on fuch day, anyfhing in sa.d promissory note w in this M~rtgage to the co~~rary nofwithstandu~g; and thereupon or th~•reafser at ~he op+~on of ;a!d MORTGAGEE, without not~ce or demand, su~i at law a in equ~ty, therefore or theceaher begun, may be prosecuted as if all monrys sewred hereby nad matured pnw ~o rts inst~tunon. 7_ That in the event fhat at the beginning o( or at any sime pending any suit upon this Mortgage, w to ~orec~ose it, or to reform it, or to enforce payment of any daims he~eu~der, said h10RTGAGEE shall apply fo the Court havi~~g junid.dion thereof (or the appo~ntrnent of a Receiver, s~ch Court shail Fc~thwith appomt a receiver of said mortgaged prooe~ty all and sing~ia~, incfud~ng all and s~ng~lar the income, profAS, issues and revenues from whetever seurce derived, each a~d every of whlch, it being expressly unden~ood, is hereby mortgaged as if spec~lically set fo~~h and descnbed in the granf~ng and habendum tfauses hereof, and such Receiver shatf have all the broad and effective funcf~ons and powers in anyw~se emrushd by a Cou~t to a Recui~er, and i:ch appointment shall be made by wch Court as an admitted equity a~d a.matter of absol~te tight to said MORTGAGEE, and without reference to the adequacy w inadeavacy of the vatue of fhe property mortgaged or to the so~vrncy or ~nsoivency of said MORiGAGOR or the defe~,da-:ts, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver accord+ng to the lien or equity of said MORTGAGEE and the p.acrice of such Court. 8. To dufy, promptly and fully pe~form, dlscharge, e,cecute, eifect, co-nplete, comply with and abide by each and every tFx: stipulations, agreemenas, conditiona and covenants ~n sa~d promissory note and this rnortgage set fo~th. 9. That i~ the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a aerson other than the MORiGAGOR, the h'.ORTGAGEE, its s~tcessors and ass~gns, msy, witho~t notice to the A10RTGAOR, deal with such successor or successor in interes~ w~th relerence to this n~o~rgage and the debi hereby sec~red in the same manner as with Mongagor w~thout in any way viuating or d~scharg~ng the ~hcrtgagors' liab„~ty here- under w upon the debt hereby secured. No safe of fhe Fremises hereby mortgaged and no forbearance on the part of ~he /~10RTGAGEE or its successo!s or assigns and no extenslon of the time fw the paymem of the debt he.cby secured given by the MORTGAGE; e~ its successors or au~gns, ~~~all ope~ate ro re!ease, d~scharge, modify change or affect the origmal tiau~:~ty of the NiORTGAGOR here~n, e~~her in v~hole or in part. 10. tt is specificafly agreed that time is of the essence of this contract and that no waiver of any ob~~gat~on hereunder or of the obtigation se- c~red hereby sfiak~ at any time thereafter be held to be a wa~ver of the terma hereof or of the insrrumem secured herby. l t. In a~d.t[on ro the forego ng ~non!h!y paym~nts of princ pai and ~nterest ~equ~red by the prom ssory no'e s~tured her~~oy, mortgagor covena~ts a^d agr~es to pay to mo-tgagee w~rh each momhly pay~nent an add.~~onal sum esnn,ared by mortgagee to be eyuai to 1 12 of t:~e annual cost of the foliow- A-A~I reat property taxes lev~_d or assessed agai•~st the above described real estate. I 6-Fr~•mw•ns on fee and y~indstonn insuracce as here~n requ~red to be carried on the ~mproveme~ts s~tuate on the above dssc~ihed premises. C-Premivn s on such mortgage guaranty irsurar~ce as mortgagee shall from ~~me !o time deem fit to carry on the loan sec~re~ hereby. Mortgagee sh; i'rcm t~me to t~me notify ~no~tgagor in writing of the amo~m due and payabte hereundrr and such w~} shaU thcreupo~ be due and ~ ; 3yabfe on the due oare o4 the ~ext month:y paymeM and each svccessive month fhereafrer vr~te! mortgagee shatl ~ot:fy mortgsgo~ of a change in wch j ~.cu~t. Such su:ns s~•a ~ be app:ied by mortgagee toward the paymMt of reai property taxes, insvrance prem.~ms, and mortgage g~aranty ins~rante ~ i~~•emiums. r IN 1'lITNESS :YHEREOF, the sa~d MORIGAGOR has hereunto set his hand and seat the day and year first aForesaid. ! Signed, Se and d' ed in the presence of: F~LED AND RECORDED~ ` ~ ST. LUCIE CnUNTY, FLd.~,(/ r~aq ~ ~ I"?;?n ~/C F%''~j_.l~ i Z- _{SCd~~ ~()(~n~) 1a7a7~7/Vr• -($eal) ~lo ~CI ~0 W'1 • Z~ ~ (Seeq 5?ATE OF FLORIUA `L SS. ~ cou~mr oF - St . Lucie ~ ~,c' r OiTP.:~$~ ~ Befwe me personally appeared'_ ~ ilkYld~~cur gg~~~qy end ~ _ (=O1S `J• Bailey his wife, to me well k~own and lcnown to me to be rhe iruf~viduais desuibed in and who executed the fcre9oing instrument, and acknowledged before me that they executed the same for the purposes ~ rherein eapressed. And the said_ ~1S S~ ~11Q~/ _ ~ wife of the faid Wllil~ L~_ E~dlle~ upon a separate and private e,am~nat~on by me taRen separate and apart from her sa~d husband, acknov.ledged to and before me ihat she executed said insrru~nent freeiy and volun- ~ ~arJy and w~thout any compulsion, constraint, appreFens~onyg fear of or from he~ said h~sband. ~ z[ WITNE55 my hand and offic;al seal thiL__1 ~ day o?_ October_ A. D. 19 7O l . k ~ ~~-K~ Notary Publi an for th State of F{orida at large ~ My Comm~ on eapires: ~ / ~ ~ ~ Retvrn To: ~ First Federal Savings d Loan Associat~on ,~~1?el~~~ ~ ti ~ Of Fort P.erce ~J'~ 'y ~~I/~ ~`,r( s:;~':. ~'!~k ~f A.,."~r !t ~t?9! . : • ~ , , . •:t ` ~ ~ ~ ' 1971 Fort Pierce, Fler~da . ' ~ . 'y • l.~~f 1 ~ ~ , r : . : _ -i ~ ~ J.~ ~y~f .S. f~ i ~.ee s• ?w~nx~ r i~ S U;wih ~ y~`,'~ ~ ; •~~~v_ . _ . : ~ ~ ~ This Instrument Prepared By Wm. B. ~atitl~.•~~. ~ Q~, Fi~st Federal Savings ~ loan Association ~~}~?~Q J, : ~ of Fort Pierce , Florida ' Q' ~ aa ~~Of~ •b~~..~~.•• •~•C~! I~~~/~v vT~~.y`~`, ~ ~ Checked By . !f<<n~~~:?~~•"'. U R ~ ~ 80~1~7 ~?~2262 , ~,4 ~ . _ - - _ - _ _ - s~ . . _