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To p:ace snd conr~nuovs~y iccsp on ~he bu~:d~ngs now a hereaffer •s~wte on sa~d land and on al•. eq~ipmenl •nd personsliy cove~ed by ~hl~ mo~ sg~, wuh all p~emivms ~hereon pa:d :n 1.,:t, f~~e u.swancc m the us.+al standard po'~cy form, m• sum ap,~roved by the MOR•vAGEE, accl w~~~dsro ~niurance i~ the us~ai s~andard pol,cy form, in s sum app~o~ed by rhe MORTGAGEE, in such company ar compa~~es as the ti'ORTGAGEE d~rctl; and~ aU (i.e artd winJsform inswance pol~des on •ny oi said build~ngs, any intere~t therein or part thereol, in the agg~egare sum a~o~esa~d ln e:ces~ thereof, sh~ll conta~n ihe usuat ua~:dard morrgagee clause o~ such o~h~r Na~ss ~s fM Mortyagee may requ.re, mskin9 ehe icss undrr :a~d po ues, mh and ev~ry, payab!e to sa~d MORTGAGfE as ~ts inte+rst may apprar, and each ~d-aYery tucA po!:ty fhall be p~omptlY asag~rd a=~d de:~ve.ed ~ sny heid b~ u~d MORiGAGEE as iuf~her srcurity to said mo~tya9e dtbt, and, not leu ~han ten (10) a-ir?-~d:dn~,e oi the expira~ion of each po!~cy, ~o d~ I~ve~ to said MORTGAGEE a rsnewal thereof, to9e~her wi~h a rece~pt for thc p~emium o( wch re~ewal; •nd there shail be +w-t.t~o~ w~+~Juo~m insvranc plx~d on any of sa~d b~ild~ngs. ~ny interest there+n w part thereof, un[eas in the (orm and w~~h the loss payable as aforesaid; a~d in iR8 e.eiu_a~~y_s~n oi mpney be~pmes psyable undtr such poliq w policies sa;d MORTGAGEE shall have rhe opr:on to rcce~ve and app'y fhe same on acco~m of the indroird ness secured hereby w ro permit said MORTGAGORS to reteive and use it p any part thrrcol ior o:hcr p~~poies. .•.~eha.:r ih u~ ~v.:~.. ~3 ;,r ~ np,:~• ing any equ~ty, lien p right unde~ a by virtue of this mo::gagr, ~nd in the event w~d MORTGAGORS shafl fw any reason fai! to keep the sa~d prem~srs io ~nsured, or fail to deGve~ promptly any of said pol~cies ot iniurance ~o sa~d MORTGAGEE, o~ fa~l promptly to pay fuily any p:e:n~„m therefor or in a~y respec~ fail ro pertorm, dixharge, eaecu+e, eflcd, complere, comply wiih and ab~de by ih~s cove~ant, or any pari hzrcof, sa~d MGRTvAGEE may p~ace a~e .a -~j--•`-- ~ .._.a_. ~ ..a ,6- u......>,.~ ....1 .1.. . . - . - -r „ " ' ~ _ f~1I amount of esch ar~d every such payrrzm shat{ be ~mmcdiately due and payable and shall bear ~nterest 4rom the date ,thereof unf~l pa~d at the rate ot ~ n,ne per centum per annum and to,~rther with suth interest shaii be secured by the lien of th~s mortgage. ' 3 1. To permit, ccmmit w suffer no waste, impairment w deterioratio~ of uid property p any part thereof. ~ ; 5. To pay atl and s~n9u1~~ the costa, charges snd expenses, includ~ng s reasonable attorney's fee anci costs of abstracts of t~~le, incurred or paid at eny time by sa~d MOR1GAGfE, becauu or in the event of the failure on the part of the said MOitTGAGOR to duty, p~ompUy and f~i!y pertorm, d~scharge e.ec~fe, elfea, camplete, compty w~th and ab:de by each and evay the st+pular~o~s, agreemenis, cond~t~wu, and covenanrs of sa~d pro~n~ssoiy ~ote a~d ~h~i .r~rtgage any or e~thK, and sa~d cosn, charges and eapenses, each and e+ery, shatl bs immed~ately due and payable; whether or not there be not~ce dr ma~d, attempt to co~lett w suit pend~ng; and the (ull amount of each e~d every such payment shall bear interes? from the date thereot until paid at the ~,fe o~ n~ne per cenrum ~r am~um; arw ati said costs, charges ano expeeses incunrd w paid, together wdh such interest, shall be secured by the I~rn of th~s mortpsfle. 6. Thst (s) in the event of ~ny breach of this Mortgage or defauit on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of mo~ey herein referred ro be not promptly and futiy paid with~n thuty ~3J) days next aher the sa•ne severatly become due and payab!c, without demand w narice, vr (c) in the event each and every the st7puiations, agreements, condinons and covena~ts of sa~d promissory ~ote and th~s mortgage any w either are nof iuty, promptly and i~Ely perfwmed, d~xharged, exe~cuted, effected, compteted, compl~ed with snd ab~ded Sy, then in e~thrr o~ any such eve~t Ihe sa~d ag ~~egate sum memwned in said prom;ssory' note then rcma~ning unpa~d, w~th intercst acu~ed, and ali mor.eys secured hereby, ~hail become due and pay eb'e forthwith, or thercaf~er, at the Qpt~on of said MORTGAGEE, as fully and completely as ii all of the said sums of money were ong~nally s~~pu.ated fo be pa~d on such day, anything in sa.d prom;ssory r+ote or in this Matgage to the connary notw+thstand;ny; and thereupon or thereatte~ at the op~~on of sa:d MORTGAGEE, withoW nonce or demand, suit at law w in eqwty, therefore or thereafier begun, may be prosecuted as if all moneys secured hereby i.cu ~TMSuiev Eri~Oi i'v ~i's insiuui.w~_ 7. That in the event that at the beginn~ng of or at sny time ptnding any su~t upon thi: Mortgspe. or to foraclose it, or to reform it, or to eniorce payment of a~y claims he~eunder, said MORTGAGEE shalt apply to the Court having ~urlsd~ct;on the~eof for the appomtment of a Reteiver, such Court shall forthwith sppoint a rece;ver of sa:d mo~tgaged property aif and singular, inctvd~ng afl and singular the intome, profits, issues ard reve~ues from whafever scurce derivcd, each and every of wh:ch, it be~ng expressly unders~ood. is hereby mortgaged as if specificaity tet fwth end deu.~bed in the yran~ing and habendum dauses hereol, and such Rece~ver shail have all the b~oad and effecnve funct.ans and powers ~n aoywise emr~sted by a Cou~t to a Recei~er, a»d s"h appointrna~t shall be made by such Covrt as an admined eq~ity and a n,aner of abso:ute right to sa~d MORTGAGEE, and w~thout reference to the ede~~aty or inadequacy of the value oi the property mortgaged or to the so~vency or ,nsoivency o~ sa~d MORTGAGOR w tfie defendants, and that such ~e~~s, profits, incane, issues and revenues ahall be applied by such Receiver accord~ng to the tien or equity of uid MORiGAGEE and ihe pracrice of such Court. 8. To du!y, p~omptly and fully periorm, discharge, execute, effect, comptcfe, compiy w~rh ~nd abicie by each and every the stipu(afions, agreements, :onditions and covenams in sa~d promissory note and th:s mortgage set 4orth. } 9. 7hat in the event thc ownersh~p of the mortgaged prem~ses, or any pa~t thereof, becomes vested in a person other than the MORTGAGOR, the ! .'ORTGAGEE, its successon a~d ass~gns, may, wirhovt notice to the MORTGApR, dea~ w~fh such successor or svccessor ~n interes~ wi~h reference to this ^~:o~tgage snd the debt hereby secured in the same manne~ as w+th PAortgagor wirhout in any way vit~ating or d~uha+g~ng the Mortgagors' liability her~ under a upc.n the debt hereby secured. No sa:e of the F~em~ses hereby mortgaged and no iorbearonce on the part of ?he NIORTGAGEE o~ its successors or a:s~gns and no exte~s~on of the time fw the payment of the debr hereby sec~red given by the MORTGAGEE or its successors or au~gns, a~~all operate ro re+ease, d~scharqe, modify change w affect the orig~nal liab~:~ty of ihe MORTGAGOR txre~n, either in whole a in part. 10. It is spec~f~cat;y agreed that time is of the esse~ce of this contract and tha? no waiver of any ob~~gat~on hereunder w of the obligation sr cur¢d hereby sha~~ at any time the.eatter be he!d to be a waiver of tfie terms hereof a of the instrument secwed herby. I 1. In add~tion ro the forego ng month:y payments of p~:nc pat and in~erest requ~red by the prom;ssory no!e secured hereb~, morrgagor tovenants A^d agrees to pay ~o nzo~tgagee v.~th each monthty pay~.~ent an add~r;onal sum esr~n,afed by mortgagee to be equal to i; 12 of the annuat cost of the to~low- f ~ A-All real p~operty taYes lef~ec' or assessed aga~ast thr above desvibed real es~ate. j B-Prerr:~vrns on fire and w•indstorm ~nsurarce as here~~ requ~red to be car~ied on the :mprovements s~tuate on the above descr~bed premises. ? i i.-Prem~ums on such mortgage guaranty icwrar~ce as mortgagee shall irom Lme to time deem fit to carry on the ban secured hereby. Mortgagee shall '.om time to t~me notify mo.ryagor ;n wrlt:ng of the amount due and payabte hereundrr a~d such su~n shaH thereupon be due and ? r 3rab~e on the dve da!e of ~he next rr.onth:y paymem ar,d each wccessive month thereafter ur.til mortgagee shafl notify morrgagor of a change in such ~ ~~'~unt. Such sums s~a.l be appi~ed by mortgagee toward the payment of rea: property tazes, insvrance prem:ums, and mwtgage guaranty insurance ~ c~em~ums. ' IN WITNESS L•~HEREOF, t said MORTGAGOR has hereunfo set his ha ~ R seal the day and year first afwesaid. ; " ned. Sealed nd eliv in the csence of: `I~~V ~jI GQUN~~ ~4w• / ~ S~~ L C ~ ~ ItOGE:: r ~tfiR~s ~ Seaq ~ ~ CIEr~R ;~U!? Couat ` rl arle J tsesq 11~CC~(; VC 'f'~~~ D - (Seaq c v.~au, va,~..~.Q.v (Seal) ~ ~ T 6~r~ /~l~sw e t; ~ STA7E OF FIORtDA ~ ~ ~ouNrY oF St. Lucie ~ ~~1-~ ~ Before me perwnally appeared Earl Charles.~ .lY'. and JoAnn Charles ~ his wife, to me well known a~d known to me to be u, +he individusis described in and who eaecuted the foregoing in:trurtxnt, and acknowledged btSwe me that they executed the same to~ the purposes f' rhere~n expressed. And the wid JoAnn Charles ~ N:fe of the sa~d E~rl G~18r1@9~ Jr• upon s separate and private ~ - e>am~nation by me taken separate and apart from her wid husband, acknowledged to and before me that she executed said instrument ireely and volun- ~ ~anly and without eny compu;sion, constrain?, sppreh ns+Qn,~ fear of or from her said husband. WITNESS my hand and offic+al seal this_ T• day of J8T1u8 A. D. 19 72 ~ Noary Public in and fw t State of Fbrida 1 Lr~ . • My Commission expires: ~ Return To: r ~ First Fedenl Savings 3 loan Asmiatio~ ;y . . ~ _ .s ~ :;5 ~•t _ S Of For1 P,erce. rort Pierce, iior~da ~ ~ ,r~ ~ _ ~ ~ ~ ~ ~ - ' , ' ~ This Instrument Prepared By J. D. Chastain ~ First Federa! Savings & loan Association = of Fort Pierce ~ Flol"ida ` Checked By U ~ f ~ ~ooKsy~ P~~2~9 ~ 1~ s i -