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To plsc~ and continuousiy keep on the bui!dingi now or hereafte? ~ituata on said land and o~+ all equipment and peno~~ally cov~r~d by thif ma a9~, with al) premiumi ther~on pa~d in full, fire insurance in the usu~l ~tandard potity fwm, in a sum ipproved by the MORiGAGEE, and wind~to ' insurance 1~ the usual itandard pol:ty fam, in e sum appraved by 1M MORTGAGEE. in such canp+ny or canpa~ies as tM MORTGAGEE m direch ~nd ali fir~ a~d windsrorm i~sur~nce pol~ues on any of said build~nys, sny in?ere~t therein or par~ ther~of, in ~Fie a~reyate }vm afaesaid in exceu Ihcreof, thall con~ain the vsual standard matgagee cl~use a tuch othcr clauss +s the Mo~tga9ea may rcqu~re, maAinp ths losf under said po ciss, e~ch •nd every, payabk fo said MORTGAGEE as its i~tereat may appear, and e~ch and eve?y such policy shall b~ promptly eu.9ned and de~ivsred t ~ny hetd by uid MORTGAGEE as further security to sa~d mortgage debt, and, not les~ ~han ten (10) days in advance o( the expiration of each policy, ro d~ liver 1o said MORTGAGEE • renewal thereoi, lopether with a receip~ fa the premium of such renawal; and there shall be no f~~e o~ ~vinditorm inturanc placed on ~ny of said buildings, any imerest therein w part thereof, unless in tM form and wi~h tM lou paysble as a~aeuid; and in the wenl any sun af money betomes payal+le u.~der such policy a policies sa~d MORTGAGEE shall hsve the op~ton to receive and apply the same on accoun~ of the indebted nesa secured hersby p ro permit said MORTGAGORS to receive and use it a any part thereot fa or{~er purposes, w~~hout ~F13fED/ waivi~ig w ~mpair inq any eq~~ty, lisn w riyht under w by virtue of this ma!gage; ~nd in tha tvent ts~d MORTGAGORS sMll fw ~ny reason fsil to keep ~he i~id premises w iruured, w fail b deliver promptly a~y of aaid po~~cies of iniura~xe lo said MORTGAGEE, or fail promptly to pay futly any premium therefw w in ~ny respect fail ro perform, distharge, execute. ~ffect, canplete, correply with and sbide by this cove~ant, w any part hereof, iaid MORTGAGfE may p~+ce and pay fa iuch inw~anc~ w any part thereof without waivinp w affecting s~y op~ion, lien, equ~ty, w r~yht unda a by virtue oF thii Matgs~e, ~nd the ful! amount of each and ev~ry iuch paymem shall bs_ immediately due ~nd payable and shall bear intere~t irom ths date thereof until paid at the ral~ of nine pet tentum pe~ annum and to~ether with such iNerea? shali be secured by the liee oi this mottgape. 1. To permit, commit or suffar no wa~te, impairment w deterior~tion o( iaid properfy w any part thereof. 5. To pay all aod sinpular the costs, cMarges snd eapenses, irxludirg s rcaso~able attaney's fes ~~d co~ts of sb~tracts of title, incw~ed w p+id any time by wid MORTGAGEE, because a in the event of the failure on the part of ~M said MJRTGAGOR to duly, p?omptly and fully pe~form, d~ulwrg~, execute, etfec~, compleq, comply with a~d ab:de by each and every the stipul~tions, agteemenri, conditiau, and covenant~ of said promiuory note and this mort9ag~ any or e~the~, and said co~q, charges and expenses, each and every, sMll be immediately d~e and p~yable; whether or not there be notice d~ mand, attempl to collect or sult pending; and fhe full amount of each and eve~y such paymcnt shall bear interest from the date thereof until paid ~I the rate of nine per centum pe~ aniwm; and all said costs, charges and expensa incur~ad w paid, togethe~ with suth interest, ihall ba setured by the lien of this morfpay~. , 6. That in the event of any breach of this Mortgaga or default on fhe part of fhe MORTGAGOR, or (b) in 1he event any of said tums of money herein re(e~red to be not promptly and fully paid within thirty (30) days next afrer the same severally become due and payable, without demand or notice, or (c) in the event each and every the stipulations, sgreements, cond~~~ons and covcnanta of sa~d promissory note and th~s mwtgag~ any or eithe~ ue no1 ~uly, promptly and fully perfwmed, d;uherged, executed, eifected, completed, complied with and abided Sy, then in eithe? or any such evtnt tl» said a~ gregate sum mentioned in said promisswy note then remaining unpaid, with interest xcrued, and atl moneys secured hereby, shsll betort~e dw ~nd pay~ able iwthwith, or thereaftcr, st the optan of said MORTGAGEE, as fully and comp~etely as if all of the said tums of money vrere wpinally atipuleted to be paid on such day, anything in sald promisswy note or i~ this Margage ro ~he contrary notwithstsnd~ng; and thereupon or .lhere~fter af the option of said MORTGAGEE, without notice a demand, suit at law or in equity, there(ore or thereaiter begun, may be prosecuted as if all ma~eys Ncur~d hereby had matwed prwr to in institution. 7. That in the evenf tt~at at tF~e beginning of or at any time pending any suit upon this Mortgsge, or fo fweclose it, or to ~eform it, a to enforce paymenl of sny cia;ms hereunder, said NIORTGAGEE shall apply to the Cou~1 having jurisdittion lhereof (or the appointment of • RKeive~, such Couh shall Forthwith appoint a receiver of said mortgaged property all snd singular, irxlud~ng atl and singutar the income, p?ofits, iuves and reve~ues from whatever :ource de~ived, each a~d every of which, it being expressiy understood, is hcreby mortgaged as if specilically ut fath a~d destribed ln the ~rantiny and habendum clauses hereof, and such Receive~ shall have all the broad and effecrive funct~ons snd powers in anywise entrusted by s Covrt to a Receiver, and s~ch appointmcnt sl~atl be made by such Court as an admitred equity and a matter of absolute right to said MORTGAGEE, ~nd without reference to fhe adequacy w inadequaty of the value of the propcrty mwtgaged or to the so.vency or insolverxy of said MORTGAGOR or rhe defendann, snd that sutA renfs, profits, incane, issues and revenues shall be applied by such Receiver according ~o the lien a pvity of taid MORTGAGEE and the prscfite of such Courf. 8. To dvly, promptly and fully perform, discharge, execufe, effed, comp~ete, comply with end abide by each and every the stipulationa, agreements, conditiona and covenants in u~d promissory note and th~a mortgage set forfh. 9. Thst in the eve~t the ownership of ~he rtw~tqaged premises, or any part thereof, becomes vested in a penon other fhan the /NORTGAGOR, fh~ MORTGAGEE, iti succeuors and augns, may, wifhout no~ice to fhe MORTGAOR, deal with such successor w successor in interest with retere~ce to ihis mortgsge and the debt hereby setu~cd in the same mann¢r as with tJbrtgago~ without in any way vitiatinp p distha~ging 1he Mottgagori liability hera- under w upon the debt hereby secured_ No sale of the premises hereby mo~tgaged snd no forbearance on the part ol the MORTGAGEE w itt wctessws or assigns ared no extens~on o( the time fw the payment oi the debt hereby secured g~ven by tF?e MORTGAGEE or its suctessors or euigns, sMll opsrat~ ro release, d~xFwrye, modify change or aifect the orig~nal Iiab~Gty of the MORTGAGOR herein, either in whole a in put. 10. It is spec~ficaliy agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of tM obliyation sr cured hereby sMll at any time rhereafter be held ~o be s waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the fwego~ng month!y payments of princ pal and inreresf required by the promiuory no!e secured hereby, rtwrtgagor covenants and agrees to pay to mortgagee with each monthly payr.lent an add~rio~al s~m est~n,ated by matgagee to be equal to 1/12 of the annual tost of the follow- ing: ' A-AU real property taxes lev~ed or a:ussed against the above dex.ibed real esrate. - ~ B-Premiums on fire and w'indstorm insurar,ce as he:ein requ;red to be carried on 1he imp~ovements situate on the above described premises. C-Premiums on such mortgage ywranty insurar~ce as mortgagee shal~ from t~me ro time deem fit to urry on the ban secured hereby. I~ Nlortgagee shail from time to t~me rwtity mortgagor in writing of the amount due and payable hereunder and such svm :halt thereupon be due aod Fayable on the due date of the next monthty payment and each successive month thereafter ur.til mortgagee shall no~ify mortgagor of • chan~e in suth amount. Such sums shatl be applied by matgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty i~urance p premiums. ` IN WITNESS WHEREOF, thc said MORTGAGOR has hereunto set his hand and scal the day and year first ~foresaid. ~ Sg . Sealed and delivpred i~ t preaence of: E ~ ' au a s g du - ~ ~ ' n--~ ~--q STATE OF FLORIDA ~ $t • T.1lC ~e SS' tQUNTY Of e~Fo~e me ~nona~~y a~es~ed Sl~tabeth M~! Paul~ a sin~le adult .~qt ro me well known a+d known to em to b~ the indiridwl/ desvibed in snd who executed the foreyoiny instrwnent, and ackrww{edged befwe ms tMt ~ txKUtad the Nm~ for fh~ purposas fherein ~leprlsstd. ~ _ ~21! ~ ~;,~„r~~_ , .s~ „V .~,~1~ i ~ WITNE55 my F?and and offitial seal thi: ~'LS ~ day of t~~r ~ r~ '`q 'A, p. 14 ~ • . - • r , ~ ' _ ~~t ~ Notary Public in ~nd iw th~ O~,fb~rid~ N~~p~.;' ` My Comm~uion sxp'ues: ~ _ - ~a;~i ~ Return To: ~'j~~~ ' • r ' ~ ~ ' t~vv first feder~) Savings 6 loan Aasociation f -t~,,,!ww'~~~ O( Fort P~erce. ~ 3 ot~ z'->: FQ.~ Pierce. Floride ~ ~1LED ~f Ca~Mrtr fu~, ST. I~{OGE~. PO11RA: dEC4R0 VERtf IEp c0U11 This Instrument Prepared By RiChaid K. tC~?yQi l0 S5 ` • First Federal Savings b loan Association {X,f ~ - " of Fort Pierc~ Rlorfda Checked By ~ ~i62~ gooK1~5 ~~2"l54 ~ ~ ~ _ ~ - r - • ~ ti~ ~ - , V _ . _ ~