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To place and coroinuo~~ly keep on ?he bu~'d~ngs now or hereafeer s~t~ate on sa~d land and on a~t equ~pmenl and personally covered by this mo+ ege, w:~h all premlums ~hereon pa.d in full, fi.e insvra~ce ~he ~wal a~~~.d~~d po~~cy form, in a s~m a~pro~ed br ~hr MOR~GAGEE, a~~d w~ndaw ~nsuronce in ihs ususl s~andard pol.cy form, in a s~m approved by ~he MORTGAGEE. in such compa~,y or compan:es as the ASORTG~GEE ~n d~recl; +nd aU fi~e and w~ndstorm inw~ante pol~c~es on +ny of said build~ngs, any interes~ the~ein or part the~eol, in tlx aggrega~e su~r •forese~d in excns thereof, shall :ontain the us~al slantiard mo~tgagte c~ause or such other dause ~s the Mor?gagee may ~equ.ro, ma?~r.g the Ioss unde~ s.+•d po c~es, each and every, peyable to sa~d MORTGAGEE as ~ts inter~~s~ may appear, and each and every such po'~cy shall kx p~omp~ly ass g~ed a~-d de•~Yerrd ~ ~ny held by seid MORTGAGEE aa further seturity to said mortgage dabt, and, no~ Iess ~han ten (10) days in adva~ue of the e+~p~~at~on of each pot,cy, ~o d. hver to said MORTGAGEE a ~enewal theroof, toge~her with a rece~pt lor the premium of such re:~ewa!; and there shall be no I.re o~ w~~~da+o~m ~nswanc placed on any o1 said buildings, any ime~est thero~n or pau ~he~eof, un!ess in ~he form and w~~h the loss payable as aforesa~d; ard in the evero any wn ot money txcomef payable under such policy or poL;ies said MORTGAGEE sh.~ll have ~he op~~on to rece~ve and app:y the same on acco~:~t of the indabicd nrss secured he~eby w ro permit said MORTGAGORS ro receive and use it a any parl the:eof fo~ o:i~•~r pu•; ~srs. .•,:~nc~t th •,~c:~~ ~3 ~~+p..~• ing any equ~ty, lien or r~ght under or by virtue of this mo:rgage; and in Ihe event sa:d MORTGAGORS shati .'w any reason lai! to keep the sa~d p~em~s~~s so insu~ed, w fail ro de'~ver p~onipdy any of said pohcEes of iniura~ce to sa~d h10RTGAGEE, or fa~! promptf~ to pay futly any pre~~~wm the.efor or in a~y respect fail to pe~form, d~scharge, execute, effect, coa.~pte~r, comply wiih and ab~de by th~s covenaro, or any part h~~eof, s.~~d MC,RiGAGEE may p~ace a o pay iw such insu:ancr or •ny part thereof w~~hout waiv~ng w affecting any opr~on, I~en, equ~~y, o~_~;ght unde~ o. by v~r~ue of ~hc~ raor~qage, a~d ~he tull a~nount uf each and every such paymrnt shatl be immediately due and payable and shail bear interrat from tha date therrof un~ii pa~d at the ~ate o~ n~ne per cent~m pe? annum and to~rther wnh such intr~esr shaii oe src~red by ~he Gen of thh mortgage. 1. To permit, commit or suffer no waste, impairment w deterioration of said property Cr any part thercwf. S. To pay atl and singular the costs, charges and expenses, including a reasonable atto~ney's fee and costs of absTracts oi title, incuned or paid at jny time by sa~d MORTGAG:E, lxcause er in the evem oi the fa+lure on ihe part of the said MO~TGAGOR to duly, pro~~~ptly snd ful~y prrform, d~sc~arge exrcute, effect, canplete, comply w~th and ab.de by each artd every the stip~lat~oos, agreements, condit~ons, and covenann of sa~d pro~»issory note a~~d th~s ~,orrgage any or e~~her, and sa~d costs, charges and expensea, each and every, shall be immrdiately due and payabie; whether or not ~here be noT~ce da mand, attempt to coilect or suit pend~ng; and ~he full amount of each and every such paymrnt shall bea. ~nrerest from ~he date thereof unti{ paid at the ~,~~e oi nine per centum pei a~inuT; a:~c alI said cosis, cha~ges and ex;xnses incurr~ or paid, together wdh such ~nterrst, ahall be secured by the I~en of th~s mortgiyl. 6. That (a) in the event of any breach of thi~ Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of ia:d sums of mo~ey herein referred to be not promptly and fully pa~d w~rhin th~~ty (30? days neat arre. the sa~ne seve~a:iy becoe~e due and payable, w~fhou~ demand o~ nat~ce, er ~c) in the event each and every ihe stiputanons, agreements, condrtio~s and covenants of sa:d promissory note and th,s moitgage a~y or eiiher are not iuly, promptly and f~~ly perfo~med, d,schargad, executed, elfected, completed, compGed with and ab~ded 5y, then in e~ther w any such eveM the sa~d ag g~egate sum men~~oned in said promissory nore then ~en,aining vnpa~d, with intere;t accrued, and a~l moneys secured he~eby, sha+l become due and pay- e fath,~v~rh, or therea(~er, at the optio~ oF sa~d MORTGAGEE, as fuHy and comp+efely as ii ail of the said s~ms o4 mooey were a~g~natly st~pu~a~ed ro be pa~d on such day, anything in sa.d prom~sswy note or in this Alortgage to the com.ary no~~r~~hs~a~~d~ng; and thereupon w therea~ter a~ th,e opuon of s,ld MORiGAGEE, w~thout notice o~ demand, suit at law w in equ~ty, therefore or thereafter begun, may be prosetuted as if all moneys secured hereby n,d maWred pr~or to ds instituteo~. 7. Tha~ in the eYent that at ~he beginn~ng of w at any t~me pend~ng any au~t upon th~s Mortgage, or to forrclose it, w to reform it, or to enforce ,ayment of any daims he~eunder, said MORTGAGEE shalf apply to the Cou~t ha+~nq ~u~~ad~ct~on thereof for the anpo~ntment of a Receiver, svch Co~r~ sha~l tcrthwith appo~nt a receive~ of said mortgaged property all and sing~Iar, inciud~ng a11 and s~ng~iar the income, prol~es, issues and revenues f~om whate~er s: ~-ce derived, each and every of wh~ch, ~t be~ng express~y understood, is hereby morrgaged as if speulically set fwth and described in the granr~ng ar.d t, ~bendum da~ses hereof, and suth Receiver shall have all the broad and effective funct,ons and powers in anyw~se entrusted by a Cou*t ro a Recriver, and ch appointment shall be made by avch Court as an ad~nitted equity and a matter ol absotute r~ght to said MORTGAGEE, ~ a~+d without re(erence to the adequacy or inadeq~acy of the value of the prope~ty mortgaged or to the so:ve~cy or ~nso'vency oi said MOR7GAGOR o~ the defzndanis, and rhat s~ch _~,rs, proiits, incane, issues and revenues ahall be appGed by such Receiver accord~ng to the tien w equity o1 said MORTGAGEE and the pract~ce of such Ccurt. 8. To duty, promptly and ful~y perform, discharge, eaecute, eff~ct, comptete, comply with and ab~de by each and every tFte'stipulations, agreements, ;onditions and covenanrs m sa~d promissory nore and th~s mortgage ser forth. 9. That in the event the ownersh~p of the mortgaged pren,ises, or any part thereof, becomes vested in a perwn other than {he MORTGAGOR, the 1 ':.ORTGAGEE, its successon and asslgns, may, wirho~t not~ce to ihe MORTGAOR, deal with wch successor or successor in intereat vai~h refcrence to thn ~ o•~gage and the deb~ hereby secured in the same man~er as wnh Mortgagor wlrhout in any way vit+ating or d~scharoing the Mortg~gori liabil~ty here- ~~der w upon the 3ebt hereby securrd. No sale o( the premises hereby mortgaged and no forbeasancr on the part of the /AORiGAG~E_or-its a+xcesso~s o+ ass~gns and no eatens~on of the nme for the payment of the deb~ hereby secured g~ven by the MORSGAGEE or its succe3sws o~ aas.gns, s:~ail operate ~o re~ease, d~scharge, mod~fy chan~e or affect the orig~nal liab:lity of the MORiGAGOR he~ein, either in whole or in pa~t. ' 10. It is spec~ficaliy agreed rhar time is of the essence of th~s contract and ~hat no weiver of any obl~gat~on hereunder or of the obiigation se- cu*ed hereby shati at any time thereafter be he:d to be a waiver of the terms hereof w oi the instrument secu.ed he~by. 11. In add.tio? to ihe forege n~ month!y paymems of princ aal and interest requ~red by the prom"ssory no!e secured hereby, mortgagor covenants e,-~d agrees to pay ro mo-tgagee ~arth eath momh!y payr.:eM an add~rional sum est:n,ated by mwtgagee to be eqval to l. 12 of tfie an~~ual cost of the follow- ~ ~,g: f A-All real property taxzs lev~ed or assesse~ against the above described reat estare_ ~ B-Prem~um.s on fire and w~ndsrorm ~nsurar.ce as here~n req~:red to be carried on the improveme~ts situate on the above descr~bed premises. ~ C-Premiums o~ such mortqjge gua~anty ir.surance as mortgagee shail from t:me to time deem fit to carry on the ~oan secured hereby. S Mortgagee sha~l frcm t~me ro t~me neGfy mortgagor m writ~ng of the amo~~nt due and payable 6e~e~ndrr and such surn ahall thereupon be d~e and ~ :.~,able on the due da•e of the r.exf month!y pa•yment and each successive month ~hereaher ur.t~t mortgagee shall notEfy mortgagor of a change in such r ovnt. Such sums sFa~l be ap~iied by murtgag~e toward the payment of real prope~ty taxes, insurance prem:ums, and mortgage 9uaranty insurance ~ o•emiums. ~ ~ IN WITPJESS VYHEREOF, the said MORTGAGOR has hereunto set his hand and seal +he day and yesr first aforesaid. ~ ned, Seal and drli in t e presence of: ~ ~ - ' (Seal) : _ (Seal) = _(Seal) ~ (Seaq ~ SiAtE OF FLORIOA ~ :.OUNTY Of St • L~1C1Q ~ ~ ~ Before me personally appeared Hersaan L.. ~/aIl $lp@ end ~ Grace M• Van Sipe his wife, to me well known and known ~o me to be ~ rhe individuals described in and who exccuted the foregoing instrument, acknowledged before me that they executed the same fw the purposrs ~ Van ~ipe ~ rherein ezpressed. And the said GraCe M. ' Heraan L. r.Ife of the said an lP@ upon a separate snd private • q e.am~nat~on by me taicen xparate and apart from her said husband, acknowledged to and before me that she eaec~ted said instrvment freely and volun- ~i; ~ardy and w~ihout any compulsion, constroint, apprehens~o~r fear of or from Fxr said husband. 4~ WITNE55 my hand and official seal this_ _ day of Januazy A. D. 19 72 Notary Publ" on and for the ate of florid~ at large _ My Comm expires: / 7 S Retum To: Gi ~;t - First Ftderal Savings S loan Assoc~at~on NQTARY PUBtIC STATE OF FIORIDA AT LAi~iE _ Of Fort P~e~ce. 1~1~( Cnh1~11SS10N EXPIRES AUG. 6~ 19TS Fort P~e~ce, Ftc~ida GENERAL INSURANGE UNDERWR~hR~r ~~w ' FILED AMC, ~ECOr FU. This Instrument Prepared By Wn. E. 8raun ~ _ ST.IUr~- ~~~~5 f First Federal Savings 8~ Loan Association RL °i COURT ~ of Fort Pierce , Flozida ' pFC~EPf,: Checked BY ~L 19 1 N~~Z 223~~5 - ~ gQRK 199 758 - ~y _ . : . . . _ . ' _ _ s"~~ _ . . . , _ ~ _ _ . _ ~'$A~,"-'SY