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To place end cw+tinuwsly keep on the bur.d~ngs now or I~erea(ter situate on sa~d land and on sll equip~nent and persona~ly covered by Ihis ma sgs, w~th all prem~ums thr~eon pa~d in tull, firc insurancc in ?he usual s~and~~d ~wi~ty ~orm, in a sum approved by the MOR~uAGEE, e~~d w~~~dsto ~nsurance i~ the usual s~andard pot.cy form, i~ a sum approved by ~he MORTGAGEE, in such compeny or companies as ~he h~ORiGAGEE m duect; ~nd all tiro a~d w~ndstorm insu~ance polfc~e• on any .of said builJ~ogs, any inrerest ~here~n or part ~hereof, in the ag9regare sum aforesaid ~ in excess thercof, ihall contain the usual standard mortgagee clauie or such othcr c~auis ~s the l:b+tgagee may req~~re, maMinq the lcss undr~ aa~d po cies, each and every, payab!e 1o said MORTGAGEE as ~ts imerest may appear, and eac~ and every such po~~cy shall be promp~ty ais gned and de~~vered ~ E any held by said MORfGAGEE as further security to sa~d n:a?9ege debt, and, not tess than ~en (10) days in adva~xe of the exp~~ano~ of each pohty, to d~ I~ver ro said MORTGAGEE a renewal thereof, togNher with a rece~pt for the prrmium of such renewal; and there shall be no i~re o~ w~ndsto~m insuronc plated on any of said buildings, any i~te~est therein or part thereof, uniess in the form and with the loss payable as aforesaid; a~d in the eve~t any sun of money becomes payable u~de* iuth polity or policies said MORIGAGEE shaH have ~he opcion to receive and appiy fhe same on account of the indeb~ed nrfs secured hereby or to permit faid MORiGAGORS to receive and use it or any part the:eof tor otner pvrF+o:es, ~r~~~out ~h;~.'u~ waiv~~ig ~r ~~np..u ing any ~qu~ty,_lien a ~igh~ under or by virtue ot thi~ mo:'9age; and in the event sa~d MORTGAGORS shafl tor a~y reason fai) to kaep the sa~d prem~sas so msured, or fail to defivm promptly any of said Qo1~c~es of insurance to sa:d MORTGAGEE, or fait promptly to pay fu~ty any pre~n~~m therefor w in any respect faii to perfwm, discharge, execute, e(Fect, ca~~ptetr, co:nply wi~h and abide by this covenant, or any part hereof, sa,d MGRTGAGEE may p~ace a•~d pay fw such inswance o~ any part thereof w~ihout waiving or aficct~ng any opt~on, lien, equrty, o~ r~gh+ under o? by vi~tue of ~his hlortgaye, and the f„li amouM of each and e.ery such paym.:nt shalt I~ immC(~~ately due and payable and shall brar interest from the da~e thereof until paid at the rate ol n~ne Fer centum per annum and to~ether vrith such inta:cst shai~ be srwred by the lien of thi3 mOrtgage. 1. To permit, commit or sufte? no waste, impaument or detcr~oranon of said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, incluu~~ng a reaso~~able attorney'a fee and costs of abs~~acts of title, incurred or paid at eny time by said MORiGAG:E, because w in the event of the fa~lure on ~he part of the said A1pRTGAGOR to duly, piomplly and f~lly perfotm, datharge. :xecute, eifect, comptete, tomply w~th and ab:de by each and every the stip~Ia~:ons, agreements, cond~tions, and covenants oi u~d proan~ssory note and ~h~i n:ongage any or eith~v, and sa:d costs, charges and eapenses, each and e~ery, shall be immed~ateiy due and payable; whether w not the~e be not~ce da mand, at:empt to collect or svit pe~u~.ng; and the full amourit of each and every such paymero shall bear :.nterest (rom the date thereo) unti! pa~d a1 Ihe •~te o~ nine per centu:n per annu:n; anc' all sa~d cests, charges and cx:;r~~ses ~ncurrcd or paid, togathrr w~th such imerest, shall be secured by the I~en o( thi~ mwt9a9s. Q That (a) in the event of any breach of this Mo~tgage or defau{t on the part of the hSQRTGAGOR, a(b) in the eve~t eny of sa:d sums of money herein referred to be not promptty and fully paid wirhln ~h~rty (301 days nexi aater the same severa:ly become due and payable, without demand o~ ootice, or (c) in the event each and every the stipu~ations, agree~nents. co:~d~~~o~~s and covenant~ of sa:d promissory note and th~s mortgage any or eitAer are not ~uly, promptly anel iully perfonned, d~scharged, executed, effected. completed, com~I~ed w~th and ab~~'ed by, then in e~ther or any such event the taid ag- g~egate sum mentioned in said promissory note then remain~ng unpa~d, w~ih inrere,t acuued, and ai1 moneys secured hereby, shall bec.~me due and pay- ap.e forthwith, or therea(ter, at the oprion of sa~d A10RTGAGEF, as f~lly a~ cornpletely as if a~i of the said sums of money were or~ginatly si~putated ro be pa~d on such day, anything in sa.d prom~sswy note or in ihis 6lorrgage to the conrrary notwithstandmg; and therevpon or thereafte~ af the opnon of s~ d MORTGAGEE, without no*ice o~ demand, suit at law or in eq~ity, the~efore or therea(ur begun, may be prosecuted as if all rnoneys secured hereby r.~d matured pnor to ds institut~o~. 7. That in the event that at tne be9inn~ng of a at any time pendir.g any su~t upo~ this Mortgage, or to iaeclose it, or to reform it, or to enforce paymero of any cla~ms he.eunder, said A10RTGAGEE shaft apply to ~hz Co~~~ hav~ng j~r~sd.c~~on thereof ior the appo~ntmant of a Receiver, wch Court shall f~rthwith appo~m a receiver of sa~d mortgaged pioperty atl and singular, incl~d ng ail and sngular the income, prolits, iuues and rcvenues from whatever s~:,rce drrived, each and every of wh:ch, it be~ng express~y unders~ood, is h.ereby mortgaged as if spec:f~cally set fo+th and dex~ibed in tAe granting and hsoendum dauses hereof, and such Receiver shall have all the b~oad and eTiecnve funct.ons and powers in anywise entrusted by a~ou.t to a Receiver, a~~d s_ch appointment shall be made oy such Court as an ad:nitted equity and a natter of absolure rigM to said MORTGAGEE, a~d without reference to the edeyuacy or inadequacy of the va~ue of fhe properry mo~tgaged or to ~he so.vency or ~nso~vency o1 said MORTGAGOR u the defendants, and that s~ch renrs, profits, incane, iuues and revenues shall be app;ied dy such Rece~ver acco~d~~~g to the lien or equity ol said MORTGAGEE and the practice of suth Court. 8. To duty, prompt!y and fuUy perform, discherge, execute, effect, comp;ere, comply with and abide by each and every ihe siipuiations, sgreemenis, :unditions and covenams ~n sa~d p~omissory note and th~s morrgage srt forth 9_ Thaf in the event the ownersh~p of the mortgaged premises, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, its successors and ass~gns, may, wirhout notice to the h10RTGAOR, deai wnh such successw w successor in interest wi~h reference to th~s mort9age and the debt hereby secured in the same manner as w~th tdortgago. witho~t in any way vitiating or d~uharging the Mortgagors' liabitity herr under a upon the debt hereby secured. No saie of ihe Fre~n~ses hereby mortgaged and no forbearance on the part of the tAORTGAGEE or its successors o~ ass~g~s and no earens:on of the time fw the paymem of the debt he+eby secwed given by the MORTGAGEE or its successors o~ ass~9ns, ahall operate ~ ro reiease, d~schacge, modify change or afiect the orig~nal iia5:l~ty of the A10RTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that t~me is of the essence af th~s contract and that na waiver of any obl~gation hveunder or oi the obligation st cured hereby shali at any time thereafter be he!d to be a waever of the terms hereof or of the instrumero secured herby. ~ 11. In add:rio~ ro the forege ng month?y paym^nts of ;~nnc pal and inreres} regv~red by the prom:ssory nae secured hereby, mortga~or cove~ants +•.d ag.~es to pay to mortgagee v~nti each r~onth'y pay+.~.ent an add~r~onal wm rst mated by mortgagee to be equal to 1; 12 of the annual cos~ of the follow- ~g: i f A-All real property taxes levied or assess_o agai•~st the a6ove described real estate. f B-Prem~ums on fhe and windsrorm insura~ce as here~n requ:red to be ca~r~ed on ~he improvements s~ruate on the above d~sc~ibed premises. t C-premiums on such mortg3ge guaranty iesu.a~:ce as morrgagee sha~l from. i me to time deem f~t to carry oe the loan secured hereby_ F Mortgagee sha!1 from ti~ne to fime notify mertyogor ~n wr~t~ng of the amo~nt due and payabte hereunder and such surn shatl thereupon be due and g F~yab!e on the d~e date of the next month:y payment and each success~ve month ihereaft~r ur,til mortgagee shall notify mortgagor of a change in such 3-~ount. Such sums sFa;l 5e app:ied by mortgag~e toward ~he payment of real proparty_ taxes. insurance prem:ums, and mortgage guaranty insurance S p~emiums. ~ ~ IN WITNE55 :VHEREOF, the sa~d lNORTGAGOR has hereunto set his har,d and seal the day and first aforesaid. ~ Signed, Sealed and delivered in the presence of: , / ~ fIlEO RM9 !~EC~RDED ~,~.Pc. Sl ~,[.[/~~:u~ c~.a~ ~ St.113C1~ ~~UMSY fU- ~ ROCER POITRAS (Seal) CLERIt Ct:~CU{T COU l~ _ (Sean y RECOR~ VERIF~Efl (Seaq t e ` STATE OF fIORIDA ~ ~7 ''3~(14~8 rt 5~l~b ~rNV ~ COUNTY OF S2 . i. liC 1 e ( . s's Before me penonally appeared _ 1 Ol 1. ULLY ~ Il t~ :t ~V : G~04Y ~ ~ ~ trs.wife, to me well known and known to me to be , the individuali described in and who executed the foregoing instrument, and acknowledged before me that 9her executed the same for the purposes ' rherein expressed. An~ 1Fw-said - - +riie.of 1he.a+ii vpM ~ ~epw~fo~~~wwN hc~wiwaiwn.by 1nelaLois ~epasate. and ~pa~t Jroa~ ~w~ sa id .iw?.tibapd, ~wwv~e~~ ~~beF~re ~w~e ~t~at si~e ~xe~a~led sei~ iwa~wme~~- f rsew ~wd• voi~rw~ reeMr snd~n:M~w? aaq-e~rwprbi~ ~owMraiw?r ~pprel~ews~ow~~ ~i-er ~r~iw i~wwid iw~b~wdr ~ _ da of December A. D. 19 71 ~ f WITNESS my hand and official seal this- y j 1 ~ Notary Pu in a fw the S a~e of Florida ~t Large i My Com ion expires: / 9 7 S Return To: ~ First Federoi Savin s d. loan Aswciafion ` Of Fo t P.erce. NOTARY P~1RlIC STATE OF FIORIDA AT LARQ! ~ r~•j_ ti~v ~n~f~~iSSinN EXPIRES AUG. 6. 197~5 = Fort P~erce, Flor~da ~ GENERAL INSURANCE UNDERWR~TERS~ ~I~~ . ' . ' . . ~ 'S - - , . " ' . - .i,. - This Instrument Prepared By '.~`m. E. S~C`aL~. , First Federal Savings 8 loan Association ~ ' ~ . " - _ - of Fort Pierce, Flor idr~ • . ,.:1 t~,<<' Checked By - ,~•,~$1is1:~~'` ~ ~197 ~289;3 _ - r~ . ; _ ~ i _ ~ _