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To plsce and continuously keep on the bui'dings now a hereafier ~ifua~e on sa~d land and on a!I equipmenf and personally cove~etJ by this mo. age, with all premiums thercw~ pa,d in futl, fire ~ns~rance m tne usual standerd pol~ty fo~m, in a ium appro~~d by the MJRtGAGEE, and w~ndsto ~r.sur~nts in the us~al itanda~d poLty form, in a sum sppt~ved by t1e MORTGAGEE, in such tompany or tomp~n:es as the A~ORTGAGEE m d~recr, and all (ire and w~ndsto~m insurance poik~es on any of sa~d buiid~ngs, any intere~~ the~ei~ or part thereof, i~ the a99~ega+e aum atoresa~d in eacesi theroof, shall contain ths usual standard mortgagee ciause w such o?he~ clauss ~s ths Mo~tgagee may requ~re, mak~ng the ioss under aa~d po des, each •nd every, payabls ~o sa~d MORTGAGEE as 1ts ~mereit may appesr, and each and every wch po:~q ~hall be prompUY ass gned a~Td deil.ered ~ •ny held by ss~d MORTGAGEE as further security to sa~d mortyage debt, and, not Iess ehan ten (101 days in adwance of the exp~~at~on of eech po~~cy, to d. I~ver to said MORTGAGEE a renewal thereof, together with a rece~pt for the premium oi tuch ruxwa!; and there shall be nc+ f~re o~ w:~~ds~o~~n ins~ranc pl~ced on ~ny of sa~d build~ngs. any inee~est the~e~n or part thereof, unless in the form and w~~h the loss payab!e as aforesa~d; ar.d in the eYem a~y sun o` money becomes payable under such policy a poGue~ sa~d MORTvAGEE sfiall have +he opt~on ro rece~ve and appty the same o++ account of ~he indebted neas secure,i hereby w to permit sa~d MORTGAGORS to.?cceive a~d ux it w any par~ ~he:eo~ tor o:i,cr putppSCS, v.~IhGUt ~h~~~o, wa.i~3 cr ~»p.~ir ing any equ~ry, lien a~~ght unde~ w by virtue of this mo:!gage; and in the event ~a~d MORTGAGORS shafl fw any ~eason fall ro keep ~hc sa~d prem~srs so msurcd, or (ail to deGver p~omptly any of said policies of insurance to said MORTGAGEE, or fa~i prompNy fo pay f~ily any pre~n~um iherrfor w in a~y respect fail to perform, disthar9e, exetute, eifect, complete, tomply wirh and ab~de by this cove~ant, ot any part hereof, sald MGRiGAGEE may p~ace a~~d pay fw such insurance w any part thereof without waiving a aifMir~ any opfion, lien, equ~ty, o? right unde~ or by virtue of ih~s Mortgage, and fhe fuli amovnt of exA and e.ery tuch paymem shatl be ~mmediately due and payable and shall bea~ interest from the date thereof unril po~d af the r~re ol n:ne per cen~vm per annum and to~rther with such interest shaii be srcu~ed by the lien of this matpage. 4. To permit, commit w suffer rw ws~te, impairment w deterioration of sa~d property or any part thtreof. 5. To pay ~II and singu4r the costs, charges and expenses, inctudir,g a reasonable aftorney's fee and costt of abstracts of title, incurred oi pa~d ar any time by sa~d MORTGAGfE, because or in the event of tFx fa~lure o~ ~he par~ of ~he iaid MORTGAGOR to duly, promp?iy s~d futty peilam, d~scharge r,xute, ef(et~, compte~e, comply w~th and ab:de by each and every the stip~let~ons, agreements, cond'n~ons, and covenants of sa~d p~omisso~y oote a~d thia n:ortga9e any or either, and sa~d costs, charges and expenses, cach and every, shall be immed~ately due and payab:e; whether p not there be not~ce dr mand, attempt Io collctt or suit pend~ng; and the full amount of each and every such paymem shall bea~ interest from the date thereof until paid +t the raTC o~ n~ne per centum prr anu~m; anc~ ali sa~d costs, charges and exoenses incurred or pa~d, together w~th such imerest, shall be secured by the 6en of th~s mo!tflage. 6. That !ay in the event of any breach of thi~ Mortgage or default on the part of the MORTGAGOR, w(b) in the event sny of sa;d tums of money hrrein referred to be ~ot p~anptly and fully paid w~th~n th,rty l3~) days nex~ af~er the sa~ne severa:!y becane due and payabte, without demand o? no~~:e. or (c) in the evcnt each and every ~he stipulations, agreements, co~d+~ions and covenants of sa.d p~omissory note and th~s mortgage any or eiiher are not ~uly, promptly a~d fully performed, d,uharged, executed, effectcd, compieted, compGed w~rh and sb~ded by, then in e~the~ w any suc6 eveM the sa~d ag- ~~egate sum mcmioned in sa~d promisswy note then rema~ning ~npa~d, with interest accrued, and at1 moneys secured heroby, shall become due and pay ab:e fwthwith, or thereafte+, at the opt~on of said MORTGAGEE, as fully and complerely as if all of the sa:d sums of money were a~g~natly st~pulated ro be ~~d on such dty, anything in sa:d prom~ssory note or in this Morrgage to tlx convary notxithstanding; and thereupon q fhereafter sf the opt~on of sa;d MORTGAGEE, without not;ce or demand, suit at law or in equ~ty, therefore or thereafter 6egun, may be prosecuted as if all moneys secured hereby n~d matured pnot ro its institutron. . 7. That in thc event that at the beginning of ot at any time pending a~y suit upon this Nbrtglge, o? fo foretlo~e if, w to ~eform it, or to enfwce paymcnt of any c;aims hereundrr, said MORTGAGEE shalt apply to the Cour~ having ~urlsd~ction tAereof iot the •ppointment of,a Receiae?, such ~o~r~ shall Fcrthwifh appoint a receive~ of said mortgaged p.operty all and singuiar, includ:ng ail and si~~gufar the ir.COme, proi~rs, iuues and revenues trom whate~e? so~rce derived, each and every of wh:ch, it bei~g expressly undersfood, is hereby merrgaged as ~f spec~fically set fwth and deuribed 'm 1he granting a~d habendum dauses hereof, and such Receirer shall have all the broad and effecr~ve funct.ons and powers in anyw~se entrusted by a Court to a Receiver, and s, ch appointment shalt be made by such Go~rt as an admitted equity and a~ratter of absolute r~ght to sa~d MORTGAGEE, and w~thaul reference to ?he edequacy a insdequacy oi the value of the property mortgaged or to the so~ve~cy w~nso;vency o( sa~d MORiGAGOR w the delendants, and ~hat auch re~rs, profin, incane, issues and revenues shall be appfied by avch Receiver accord~ng to the lien or equity of said A10RTGAGEE and the practice of s~ch Court. F 8. To dufy, promptly and fully perform, d~scharg~, execute, effect, complete, comply w~th snd abide by each snd every the stipulations, agseements, ccnditions and covenants in sa~d promissory note and th~s mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perw~ other than the MORTGAGOR, the n'ORTGAGEE, its successws and assigns, may, without notice to the MORTGApR, deal w~fh such svccessor p successor in interest wi~h reference to this ~~:ortgage and the deb~ he~eby secured in the same manner as w:~h ~dortgagor without in any way vitiating or d~scharg~ng the Mortgagors' liabiiity here- ~nder or upw~ the dzbt hereby secured. No sale of the Frem~ses hereby mo~tgaged ar.d no iorbearance on the part of the MORiGAGEE w its successors or a:signs and no exrens~on of the time for the paymem of the deb~ hereby secured given by the MORTGAGEE or its successws w ass~gns, s~~al~ operate ~o relrase, d~scharge, modify change or affect the o+ig;nal I~ab~l~ty of the MORTGAGOR here~n, eithe? in whoie or in part. ~ 10. h is spec~ficatiy agreed ~hat time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the eb!igatan sr cured hrreby shalt at any time thereafter be h_Id to be a waivr~ of the terms hereof w of the instrument secured herby. f ! 1. In add.t~o~ ~o the forego ng month!y paymems of princ aal and inferest requ~red by the prom:ssory no!e secured hereb~, mortga~or covenants ~ d agrees to pay ro me-tgagee v.ith each mon!hly payr~ent an add~i~onal wm est~mared by mortgagee to be equal to 1, 12 of ~he annual cost of the foilow- ~ ~ A-AH rFal property taxrs levied w assessed agai•ist the acove described real es~ate. ; E B-Frem~ums on fire an2 wir.dsro*m insurarce as here~n req~:red to be ca~ried en the ~mproveme~ts situate on the above dasc.~bed premises. ~ j C-Prem~ums on such mortgage guaranty ir.svra~:ce as mortgagee sha(I from tlme to time deem fit to carry o~ the loan secured he~eby. p 6lortgagee sha!! frcm time to tirne nctify mortgagor in wr;t~ng of the a^owt d~e and payable hereundrr and suth surn shall the:eupon be due and ; 3 ; a,able on the clue date of the next month:y payment and each successive month rhereafter urtii mertgagee shalf not~fy mortgagor of a change in such ~ e• ovnt. $uch sums s~a:f be appi~ed by mortgegee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty iasurance :~remiums. ~ IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto ut his hand and seal the day and year first aioresaid. ~ ned, Sealed and ivered in the presente of: E ~s.add.lf.?-~ W (Sea() ¢ A! W. M ttsOA+ t5eaq ' ~ ! j, Tj ~ \,-~-7_'1-l-C~ iJ ' • " ' ~ : rs~en ~ _ Catherine M. tson t~ar~ ~ ~ ; 51A7E OF iIORIDA ' ~ ~ our,nr oF St . Lucie j~ c ~ ~ Befae me perwnatly appeared tt n end = Catherine M. Mattson his wile, to me well known snd k ~p b~ ~ ~he individuels dewibed irt and who executed the foregoing i~strument, and acknowlcdged before me that they executed the samR„ . ~ rherein expresxd_ And the sa~d ~?therine M. h~LtSOD :.-~z i ~ . ~ ' - ~ y= N~?~ of f~ ~:d Asthur W. Mattson s' - = e,am~nation by me teken separate and apart from her said husband, acknowledged to and befae me that she executed said instr ~~ir ' j r;nly and w~thout •ny compulsion, consrraint, apprehens:oq, or fear of w from her said husband. r:_ ~ " _ WITNE55 my hand and offiuai seal thiL day o; anu8= ' • ~ ~ -r% f.~ ~ , x ~ Notary Public in and or he State of F My Commission expires: - . "`'r:' , ' . s , Qeturn To: j Q p. ' ' First Federal Savi s 3 lean Association ~ ~ y~ pf o t P.erce. ' ~ ~ ~Tf: ~ " '•...rn.. . - Fort Pierce, FEorida ~ ~ Fllf 0 AN~ r ECOROEO t ST.lUC1E :,OUMTY flA. _ ROCEP r•)~TRAS CLERK C{?~ ~ COURT t ~ This Instrument Prepared By Wp~. E. Blaun RECORDYi••~. ~ First Federal Savings & Loan Association p t of Fort Pierce ~ Flozida ~~l 2 5$ 1 H j~''' Checked By j~~s~ .V~ ~ 808i( ~~7~7 =a = : ~ - - - - . _ - - ; :