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To p:ace and contin~o~sly keep on the bui'dmgs novv or hereafter ~ituate on said land and on al! equipment and personally co~ered by ~his mor ege, w~th all prem;~ms ~hereon pa,d in lu~l, f:~e ini~rance ~n ihr usval uaixi3rd po~:cy form, ~n a sum aHprowed by the MOR~v~GEE, a~~d w~ndsto ~nsu.ance in the uiual s~anda.d po:.cy form, in a s~m approred by ~he MORTGAGFE, in s~ch co~npany or compan~es as the AtORiGAGEE m d~retl; and ~II fire and w~nJa~orm ins~~ance pol~c~es on any of sa~d bu~+d~ngs, any interest theroin or pa~t ~he~rof, in the aggreqaTe svm aforesaid ~n excess thereof, shall :onrain ihe vwal Sta•»~rd mO~tgage! c~ause or auch o~he~ dause as Ihe Mortgagee may requ.re, mal~ing ihe toss undrr ia~d po c~r~, rach and e~ery, payab'e ~o sa~d MQRTGAGEE as ~rs in~errst may appear, a~d each and every. such poi~cy shail be p~omp~ty ass g~~ed a~~d de ~vrred ~ eny held by sa~d MORTGAGEE as furthar security to sa~d moriga~e deb?, and, no? !ess than ten (SO) deys in adva~ue oi the exp~ret~on of each po!.cy, to d~ ::.er to sa~d MORiGAGEE a renewal thereof, toge~hrr v~•ith a ~ece~pt fo~ the premwm of such renewal; and there shall be no i~~e o~ w:~~~io~m ins:,ranc p!eced on any of said build~ngs, any inte:est therr~n or part thereof, unlasa in ihe io~m and with the loss payab!e as afor~sa~d; and in the event any, sun of money becomes payab,e u~der wch pol~cy or poLcias safd MORTGAGEE sh~ll have the opt~on to rece~ve and app,y the sa:ne on accoum of ~he indabtcd r.rss sec~red heieby or to perm~t fa~d MORTGAGOP.$ to receive ar.d use et w any p~~t ther~of ror o:i,~•r 4ur;>oses. ,•:~tho.,t th oi or ~::p..i~ ~ng any ~qu~ty, lien or right unde~ or by virtue of this moragage; and in the event sa:d A1pRTGAGORS shall for any reason fail to keep ~he sa~d prem~s~s so ;.sure~, or fail to de:~.er ~ra~~pt;y any of sa:d pof.c:es cf insura~ce to sa,d A!Olt1GAGEf, ez fa:! ~romp!ly ro;.ay fu+ly any pre~~~~~~m therefor or in a~~y respect fail to perform, d~scha~ge, execute, effeu, compietr, co^~pty wi~h and a5~de by th;s covenant, w any part hrreof, sa~d MGRTvAGEE ~»aY P:ace a~d pe~ for such ir.a~rance or any part thereof w~rhour waiving or aifecting any opt~on, lien, eqv~ty, o~ nght under or by virtue oF this hlortgagr, and thc f~ti amount of each and every such paymem shall be im,nediately due and payable and ahaU bear interesf from tha date thereof u~vil p.,~d a~ ~he rate ol ~:e per ce~tvm per annum and ro3rihar ~nith suth inrzrest sha~i be srwred by the tien of this mortgage. To permit, commit o~ suffer no waste, impairment or de~zr;osaT~on of said property o~ any part ihereof. 5. To pay all and singu~ar the costs, charges and expenses, ~nduding a~easonable attorney's fee and costs of abstrads of title, inwrred or paid at ~~Te by sa~d MORTGAG;E, because w in the e~ent of the fa~lu.r on ~he pa~t of the sa~d M~RTGAGOR to d~ly, pranprly and f~lly pe~form, d~scharge _.ec~te, effeu, comp:ete, comply w~th and abde by each and every tne stipula~+ons, agrerments, condit~ons, and covenants oi sa~d pro~nissory note a~~d ~h~i ~ u~~gage any or e~iher, ar.d sa:d costs, chargzs and ex~:ensrs, each and every, shall be im~nrd:ately dve and payable; whether a not there be nof~ce da ~:and, atrempt to coliect or suit pend~ng; and tha full a~noum of each and every such parmeni shall bea. inrerest from ~he date thereof unril pa~d at ihe oi nine per centum prr am~;,a; an~ aii sa~d cos~s, charges and e:rrnse: ~ncurrcd or paid, together w.th such inrerest, shall be secured by the lien ot th~s ~:ortgage. 6. That (aj in thr event of any breach of this Mwtgage or defauit on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money he.ein referred to be not prompriy and fu:ly pa~d witnin th;rty j30) dars next a:rer the same severa:ty become due and payable, without dernantl or nonce. ~r ~,c) in thr evem each and evtry the stipuianons, a3reeme~ts, co~d~'~ons aed covenants ot sa d pram~ssory note and th~s mortgage any o~ either are not ~v,y, promptly and I~IIy performed, d.scharged, exec~+ed, effected, comp:eted, comp:~ed w~th and ab~ded Sy, then in either or any such eve~t the said ag• g~egate s~m mentioned ~n sa~d promissory ncte then remaining unpa~d, wirh interest accrued, and au moneys secured hereby, shalf become due and pay- a~~ e forti+with, or thereafter, at the opr~on oi sa~d MORTGAGEE, as futly and comple~eiy as if ali of fhe said wms of money were or~g~na~ly s~~pu:ated o br pa~d on such day, anything in sa d pro:n~ssory note o~ in th~s l~lortgage !o the comrary norw~~hstand~ng; and thereupon or ?herealter at the op~.on of s~ ~ MORTGAGEE, w~rhout ro~~ce or demand, suit at law or i~ eq~ity, the~efore or thereaf~er begun, may be prosecuted as if all moneys secured hereby r_d matvted pnot lo As instituhon. 7. That in the event that at the beginn~ng of or at any time pend~~g any suit upon this Mwtgage, or to foreclose it, or to reform it, or to enforce ,a;ment of any ciaims hrcunder, said h50RTGAGEE shal! apply to fhe Cou.t ha~~ng ~ur~ad+a~on +hereof fo~ the appomtment of a Receiver, such Court ihail ~•rhwirh appo~nt a rece~rer of said mortgaged property alt end sinqutar, ind~d ng ail and singutar the income, proids, issues and reven~es from whatever s._•;e derived, each and every of wh~ch, ~t be~ng eapress~y ~nderirood. ~s hcreby morrgaged as if spec~fically set forth and dexribed in the grannng and ~~~endum c!auses hereof, and such Rece~ver shali have ai1 ~he broad and effrcf:ve funcr.ons and powers in a~yw~se e++tru~ted by s Cou~! to a Receiver, and s:h appointment shalt he made by wch Coun as an ad~~Irted equity and a matrer of a5sotute right to sa;d MORTGAGEE, and w~thout refe~ence to the a~eq~acy w inadequacy o( the vaiue uf ~he property mortgaged or to the so.vency or ,nso~vency ol said MORTGAGOR w the deiendants, and rhat svch :^~s, profi4, ir.cane, issues and revcnues shall be appi~ed by wch Recriver accord.ng to the Iien or equity of said MORTGAGEE and the prattice of such Court. 8. To d~ty, prompt;y and fully perforrn, discharge, execute, ef(ect, compiete, comply w~th and abide by each and every the stipulations, aqree~nents, :cnditions and covenanta m sa~d promissory note and this mortgage set forth. 9. That in the eve~t the ownersh~p of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person othe~ than the MORTGAGOR, t:~e ~~RTGAGEE, its successors and asvgns, may, wrtho~t nonce to rhe MORiGAOR, dea~ wrth s;,ch successor w successor in interest with refrrence to, this o~+gage and the debt hereby secured in the aame manner as w~th Mort~ago. w~thout in ar,y way vit:ating or d~scharg~ng ~he Mortgagori liability her~ r°der or upon the debt he.eb~ secured. No saie of the prem~ses hereby mortgaqed a~d no forbearance o~ the pan oi the MORiGAGEE o~ its successors c~ ass~gns and no eue~s:on ot fhe nme ior the payment oi the debf hereby secured given by the MORTGAGEE or its successors or ass:gns, s~~a~l operate io re.ease, d~scharge, mod~fy change o~ affect the orig,nat liab:l~ty of the MORiGAGOR he~ein, either in whole or in part. 10. It is apec~ficaliy agreed that time is of the essence of th~s contract and that no waiver of any obl~gat~on hereunder w of the obtigaYan s~ n:red hereby shal~ at any time tbereaf!er be held ro be a waiver of the terms hereof w of tht instrumem secured herby. I l. In edd,t:o~ to the forege nq month~y payments of princ'pal and interest requ~red by the prom ssery no'e sec~red hereby, mortgagor covenants ~ d agr_es to pay ro mortgagee v~~th each momh,y pay~; enr an add~~~onal sum est~~~~ated by morrgagee to be eq~al to 1; 12 oi the annual cast of the foliow- i , i A-AII real property raxes !evied or assessed agai~~st rhe above described real estare. ~ B- Pr.rr.~~ms on (ne and wir.dsto'm insuracce as nere;n requ:red to be tarried on the :mrroveme~ts s~tuate on the above described premises. ~ C-Premi~ms on such rrortgage guaranty ir.sura~ce as mo+rgagee shafl from t me to time deem fit to carry on the loan secured hereby. t Mortgagee shalf ~rom hme to t:me nonf; mortgager in writ~ng of the amo::~t due and payabie hereundrr and such sum shall rhereupon be due and ~ ._.able o~ the d~e daTe of the next month:y payme~t an~ each successive month tnereafrer urnit mortqagee shall notify mortgagor of a change in such ~ o;,nt. Such sums s?~a.l be app:ied by moregagee ro.vard rne payment of real property ta~es. insuraace prem:ums, and mortgage guaranty inwrance i 'e•niVmS. ~ IN WITNESS :YHEREOF, the~sa~d MORTGAGQR has hereunto set his har.d and seal the day and year fint afwesaid. ~+ed, Seated a d~lellver~ the eler.ce of: ~ ~ ~~CU~~_%.~ ~ l~ 1 ~r'~2Y ~ (Seal) ~ ` (Seal) ~ ~ ( -~'f t ~ -t~lx..:+~~ fSeal) ; - F`thel Hortman (Seai) ~ ;T:,7E OF fLORIDA ~ ~ :~UNTY OF St. I:~cie ~ ~ Before me personally appeered fEarl M. q02't.168I1 end ~ _ Ethel Hortman his wife, to me well known and know~ to me to be ~ ?he ind~viduais descri6ed in and who executed the foregoin instrument, and scknowledged before me that they executed the same for the purposes r6erein expresxd. Md the said. 1'+t~el Hortzaan ~ Earl M Hortman +.:`e of the said _ • , upon s separate and private e.am~nat~on by me taken xparate and apart from he~ sa~d husband, ac4nowledged to and before me thal she executed said instrumeM freely and volun- 'a~~~y and w~thout any mmpulsion, constraint, apprehens~~ay fear of or from her teid husband. fl .~j ' WITNESS my hand and oificial seal this_ 4.~ day o~ A. D. 19_.[~ -'o . • a 1 ~ ,L~~f,Q , f~~~ _ ~ - . ~ . . ~ Y~ Notary Publ~c in and for the;tats of;F{DridpN ry~- My Commission eapires: •~%~a~ ` . . ;Y ReTUrn To: t 7i~se tr . first Federal Savings 3 loan Associafion ~C 7~ ~ t ' Of Fort P:r~ce. - l Fort P~err_ - , e, F~or~da fILE.r. Ak~'t~~,pROE~ _ ~ ST lJC?E ~.t;MTT Fl~. . . . ~iG•:i ~ ?~tTR~S ty : ~ CIE~.! . VJ:I ''iGURT ~ qECZ . vi~• ~ .E:~..~ ( '`3 This Instrument Prepared By Richard K. K8y~e8 First Federal Savings 8 loan Association ~~8 j~C o~ PM Z of Fort Pierce , Florida - Checked By ~ _ _ ~~2Jo~ - ° ~ ~.~9 P~~ 536 BUOK ~ 1 is _ - - _ _ _ - - - - ,t _ _ . . _ . ~ . -