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To plac~ a~+d con~~~uovsly te~p on f!w 6.,~`du,qt ~+aw o~ I+~~eah~~ ~~tv~q a+ ia~d lar.d and on ~I{ cqu~p~nenl and p~rlon~lly cove~ed by Ihis mat¢ p~. wirA •il pemwmt ~hereon pa•d m f~tl, hre miuunie ~n tM usuat tifa,~ia:d po'•kr form. in a ~~~n ayprevrd by ~F~e MOR~i,AGEE. end v~~nJstwm iesw~nce in tA~ wwl •randard pol.cy form, in a sum appw.ed by tl+e MORiGAGlE. i~ fvcfi company or con+~:a,~es ~s ~he Ml7RIGAGEE may ditKh ~nd all tiN and w~nds~orm in~urar+t~ pollc~ei on any ol se~d iwild,n~f. any interest fAcrein or parl the~eot, in IM a89rrp~~e wm •laesaid M in ~acess thereof, sMtl ca+~ain th~ uswl sts~edard mortgsqt~ dau?t or such ahe~ d~us~ as rha Mr~y~yee may requ~r~. mak~np'the losf u~~da ~a~d polf ci~~, each and ~verr. payabN to Nrd MJRiGAGEE as ~ts ~~~e~e~t m~y ~pp~a~. ~~d each and •ve.y ~uch po~~cy shall be pranprly ~ss 9~tird a~d de~~vered ~o ~ny held by sa~d A10RTGAGEE as fur~her security to sa~d mat9+~e drb~. ~~d, not !cu than ten 1101 d~ys sdva~xe ol Ihe eapu~~~w~ of each pobty. 1o ds- ItvN !O Nid MORTGAGEE • re~ew~l thtrevl, topetl+N with a rece~pl lo~ 1he prem~um of s~th renewal; and there sh.fli be no f~re w windstu.m in~urance pt~ctd on ~ny of ~~d buildirys, any interest Ihxe~n u part the~eof, unle~f in tM (orm ~nd with tM ioss payabte as aiwe?a~d; a~+d in the evenl any tum of nwney becomq payable vnde~ such poticy w polK~ei sa~d MORiGAGEE shall have ~he opt~on to recerve and apply the sa~»e or+ accoum ol ~he indabtad- rna vcw~d he~eby o? ro pe~m~t s~~d MORTGAGORS to rcceivs ~~nd us~ if a any pa~t ~t~r:eof to. oth~•r HurF~csrs. ,•.,N,o~t ih,., o~ w.~~~~.,~ o~ ~~np.+~.- ins e~y pv~.;, lie~ w right unde~ a by virtw of this mo:t~+ge; and in ~M oven~ sa.d MORTGAGORS shall fw any reason (ael to krep the said p~em~srs w iniured. w f~il to deliver prompNy any ol said polk~es o( insuranca Io sa~d MORiGAGEE. w fo~t promptly ~o ~.vy lucty any pre„~~~m ~hcrcfw w in iny respect tail W pe~form, d~scMrQe, exccut~, ~ffect, complete, comFly with and abida by th~s covc~+ant, or any par~ hereof, sa~d MORiGAGEE may pl~ce and paY for tuth ie~wranc~ a sny part thereof without waevinp or af(ectinq ~ny oplion. lien, equity. or right unde~ a by virtue ol this Mortga9e. and tFK full ~mov~t of each a~d ev~ry such payment thall be immedi~tely dve and payabls and shall bear interest trom tAs date thereof un~il pa~d ~t tha 'rate ol mne per cenrum psr annum and fo~e~lur ~~th such interest shali be secured by the I~en ol th~i mortflage. To permit, commit or sufter no waste, impairment a deterioration of said property w~oy part thereol• S. To pay aIl ~nd tin~ulu the co~ts, chuqes and expenses, includ~np a rcasonabie attorney's (ce and cos~s of abstracts ot title, incur.od or pa~d a~ sny time by said MORTGAGfE, because or i~ the tvent of the failure on the pa?t of the said MORTGAGOR to duly, pranpNy and futly periwm, d~uharge. execute, effect, complet~, comply w~th and ab:de by exh and evc~y the stipulat~ons, agreements, conditions, a~d cove~anrs of satd oromissory note and th~s mortyafle ~ny or eithe~, a~d sa:d c.uts, cMrges snd txpenses, each and every, shall be immediately due and payable; whether p nol there be not~ce de mand, attc~npt to collect or suit pend~ng; +nd tM full amount of each and every s~rch payme~t shall bear inieres~ (rwn ~he date ~hereof unfil paid el tix rate o~ n~ne per cenrum pcr ann~rn; and a{I said msts, charyes and eaper.ses incu~red a paid, togaihe~ w~th svch ~nterest, shall be secured by the I~en ol thif ^wr~p+9~. i b, Thst (a) in the evee~t of a~y b~e~th of this Matgay~ or deFault on the part o( the MORTGAGOR, or (b) in the event ~ny of sa:d sums of money s herein refe+red to be not promptly and fully pa:d within th~rty !30) days neat after the same seve~atly become due and payable, without demand o~ notke, or (d in the evero escA and eve?y the stipulatiom„ agreements, conditions and cover»nrs of sa,d promiuory no+e and th~s mortpeye any w eithcr are not ~uly, pomptly snd fully perfamed, d:xharged, executed. ~ffected, completed, compLed wlth end a6ided by, then in e~ther w any such evene Ihe said ag gregat~ w+n men~wned in said prom~uwy nore ~ha+ re~mai~irg unpa~d, with ineerest accrued, and atl moneys secured hereby, s1w11 become due snd pap eble futhwith, w thereafter, at the option of said MORTGAGEE, as fuily a~d tompletely as if all of the sa+d s~ms of money were wig~nally st:pulated !o be paid on svch day, snythirg in sa:d promiuory note or in this Mort~age to the contrary notwithstand~ng; and thereupon or thereaiter at the op~~on of said AAORTGAGEE, w~thout not~te o+ demand, suit at iaw a in equity. therefae a thereafter begun; may be prosecuted as if all moneys secured hcreby nad matured pnp to ~ts institutan. 7_ That in the evcm tl»t at the begin~ing of or at any time pending any suit upon this Mortgege, o~ to foreclose it, a to reform i~, or to enfo~ce paymem of sny claims Acreunder, said MORTGAGfE shall apply to the Court having jur~sd~ction thereol for the appo~ntment of a Rece~ver, such Court shall fwthwith ~ppoint a~ece~ver of said matgaged prooerty all and s~ngular, includ~ng all and singular the ~~come, p~otits, issues snd revenues from whateve~ source de~ived, eath and every of wh~th, it btinp expressl'y understOOd, is hereby mortgaged as if sptc~fically set forth and dexribed in the g~aMing and habendum cl~uses hcreof, and such Reteivd sha11 Mve aIl the b{oad and efiective funct~ons and powers in a~yw~se entrusted by a Court to a Receiver, and such appointment s~aN be made by such Court as an admitted equity a~d a matter of absolute right to said MORTGAGEE, a~+d without re{erence to the adequacy or inadequacy of the value oi the p~operty mwtgaged o. to ~he wwency a~RSOlvency oi sa~d MORiGAGOR a the defendants, and ~ha~ such ren~s. prol~n, incane, iuues and rcvenves shal{ be appiied by such Receiver accwd~nq to the lien w equity of said MORiGAGEE and the practice of such Court. . 8. To duly, p?omptly and fully perfo?m, diuharge, execute, effect, complete, comply w~th and abide by each and every the stipuiations, ag~eements, condiYans and covenann in sa~d promissory nore and th~s rtiwtgage se~ forth. . 9. Thai in the event the owncrship of the mwtgaged p?emises, w any part fhertof, becomes vested in ~ pe.son other than 1Fx Ma~RTGAGOR, the MCRTGAGEE, its successws and augna, may, without not~ce to the MORTGAOR, deal with such successo~ o? successw in interest wi~h refere~ce to this ! mongage ar+d tFx debt he~eby stcured in the ssme ma~ner as with Mortgagw without in any way vitiating a d~uharging the Nbrrgagori liabilify herr undei or upon the debt hereby sec~red_ No sale of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE w its s~c~esson w au~g+ts ar.d no exrension of the t~me far thc payrrKnt of the drbt hereby secured given by the MORTGAGE'_ or its successors w ass~gns, shall operate ro reFease, d~scharge, rtwd~fy change or affect tF~r orginal liabil~ty of the MORTGAGOR Fkroin, either in whok or in part. 10. It is spec:fically agrced that time is of the cuence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se- cvred FKreby afialt at any time thereafte~ be hefd to bt a waiver of the terms. hereof or of the instrument secu~ed herby. 11. In add t~o~ to the forego ng menth!y payments bf princ paf and interest req~ired by the prom:ssory no!e secured hereby, mortgagor covpnams and agrees to pay to moctgagee w~ith each mo~rhly payment an addaional sum esr~mared by mwtgagte to be equal to 1;'12 of the annual cost of the follow- ~~9: A-AI! real property taxes kvied or assessed agai~st the above described real estate_ B-P;e~- ~.,-ns on fire and windsterm ~nsurar.ce as here~n requ~red to be can~ed on the improveme~ts s~tuate on th~ above d_scribed premises. C-Premi~ms on svch mortgage guaranty ensurance as mo:tgagee shaU from t me to time deem fit to carry on the loan secured hereby_ ~ Mwtgagee s++a:i from t~me to r;rne nor~fy mortgagor in wr;ting of the amovnt due and payabte hereundrr a~d such sum shall thereupon be due and E ;,arable on the due oafe of the next month:y payme~t and eacfi successrve month thereafter ur.tii mortgagee shal! no!~iy morfgager of a change in such [ a^iount. $uch sums sfa ! be aaptied by mortgagee toward the payment of real property taaes, insurance prem.ums, and mortgage guarenty insurance f p•em~ums. . . IN WITNESS '~M1'HEREOf, the sa~d MQRTGAGOR has hereunto xt his hand and seal the day and year first atoresaid. . Se~:ed nd t' the p~eser~ce of: - aq Louis S M ~ adul~q ~n SiATE OF FLORIDA ~ St. Lucie ~ cou~n oF Before me persw~ally appeered ~+OL1~89 S Melton M~.~+.~.~.a me WeII ke+own u+d knowK,to me TO be the individwla~dewibed in and who executed the foreqoinp instrument, ared ~cknowiedged before me that ~he~ e~c~vtedi tNe' ~Orfy=~t~K pwposes thHtin l7cpresfed. ~~1~.Z~x ~ ''~fr~T~CJ'~'„~it, '',.r \ ~ - : i; ' 'n WITNE55 my hand and official seal this o2oZl_.Ll~ d~y of ecember ' '1~ ~ t9___l1~ j i : s - - Qa~; ~ , ~ Notsry Public in ~nd fot ~ of- f~IwllyL,ape ~ My Comm~ssion eapirM: ~ . Return To: fILED A ` ~,~'~~,~[~t! OI FlOtldi ~t ~ar~ First Federal Savirgs 8 Loan bsociation =t ~~~E e~~oK~ os Fun P.~,c- ROCER P0~ wn E:pires 25. 1911 CLERK CIACUIT C0~ ~~u F~ a ~ co., P~crce: Flonda RECORO YERIFlEp + ~ I~EC 2Z • f2 27 PM'?0 ~ This Instrument Prepared ey R1Ch8I`d K. Kayes ~ First Federai Savings 6 loan Association ~ of Fort Piercg Flori de 2a2~pg Chscked By J~ ~ R ~~~.89 125 18 ~ ~ . ~ ~ _ . ~ ~ ~ ~N ~ ~ _ ~ ~ ~ ~ ~ ~ ~ .n_re ,