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To ptac~ ~nd comin~ou~ly ~e~p on the bui!dinpf now w hNeahN ~itvalf on ta~d land ~nd on ~fl equ~Wnen? a~d pe~sonslty tovered by tAi~ mw p~. w~rh atl p.em~u~++s ~he~eon pad ~o (u11, I~n i~tiur~nc• ~n tM uswl ~tard,rd potKy Fam, in • surn app~o~ed by ~he MOK~:,~GEE. ~nd w~~,duo i~su~anc~ i~ IM uswl ~~anda~d pol,ty fpm, i~ ~ sum approved by ~M lNORTGAGEE, in s~ch company o~ to~npan~es as ~~e ti".ORIGAGEE n~ d~rect; and all tir~ and w~ndsto~m i~surant~ poliue~ on any of ss~d bvild~nqt, ~ny inttrefl tAeitin o~ part thereof, in Ihe aggregat~ ~um alores~id In eacc~s thereof, ihall conuin the uswl i~andard ma?gap~e clau~e or ~uch o~ha claus~ ~i tM Nb.tpage~ may requ.n, mal~ing ihs bu under ~r~d po Nes, e~ch and every, payablQ ro sa~d MORTGAGEE as ~ts imerest may appea~, and each and every such poi~cy sl~atl be prompiiy ass g~ed a~~d de~~~ered ~ sny held by w~d MORiGAGEE ~s (urthe~ security ~o said marflage debt, and, nof les~ than ten (10) dayi in advance o1 the exp~ra~~on of each poi~cy, to d. Irver ~o sa~d MORTGAGEE a ro~~ewal fhereo(, to9e~her wi~h a rece~pt fw the promium of such renewal; and ~here shall be no Gre or w~~~ds~o~rn insuranc placed on any of sa~d build~ngs, •ny intercit fherein a part thereof, u~lesa in the lorm and w~+h the ~ois payable as aforesa~d; a~d in the e~e~t any su~ of mpney bccomes payable under iuch policy w poGcies wid MORTGAGEE shall haw the opt~on ~o receive and apply the ume o~ account of the indebted ness secured he~eby o~ ro permit sa~d MORTGAGORS ~o receive and use i? a any part therro( tor o~~~~•r Nuif•oscs. v.~~no,.s th_~.~r '~'~:~+t~ ~"A-~' ing any equ~ty, I;en a rght under a by virtue ot ~h~i mo:tgsge; ~nd in ~he event sa:d MORTGAGORS shatl fw any reason fail to keep the sa~d prem~srs so insu~ed, w(ail fo delive~ promptly any oi said pol~cies of iniurance to sa:d MORTGAGEE, w fail promptly to pay t~ily any pre~n~u~n therefor or in a~y respca feil to perfam, d~scharge, eaecute, effeu, complete, canply wi~h and ab~de by thi• cove~ant, or any part h~reof, sa~d MURTvAGEE may p~ace a~•o pay fw such inaurance or any part thereof without waiving or aifecting any option, tien, eq~ity, or righf under p by vi.tue of this Mortgage, a~d ihe full amovnt of each and e.ery auch payment shall be immcdiately due and payabte and shall bear interest irom the date the~cwf until paid ai the rate of nme per ceneum pe~ ar.num and to~ether with such interest shaii bc srcured by the lien o( th~s mortgage. 1. To permit, commit or suifer no wa~te, impairment w deterioratio~ of iaid property or ~ny part tlxreof. S. To pay all and singulu the costs, charges and eapenses, including a rcasonable atfwney's fee and costs of abar.acts of ti~Ie, incur~ed or pa~d a~ eny time by said MORiGAG:E, because or in the event of fhe tailure on the pan of the said MORTGAGOR to duly, pr~unptly and fully periorm, d+scharge. >xecute, effeu, comptete, comply w~th and ab:de by ea<h and every the sripulat~ons, agreemenrs, cond~t~ons, and covenams of sa~d promissory note a~d ~h~s mortgage any or e~ther, and sa~d costs, charges and expenus, esch and every, ~hall be immed~a~ely due and payable; whethe~ or not there be no~~ce da mand, atrempt to coliect w suit pend~ng; and the iull amount of each and e~ery such payment shall bear interest from the date thereof until paid at the rafe o~ nine per centum annurn; and all said costs, char~es and expenses ~nturred or paid, together w+~h sucA inter~al, ihall be sec~red by the I~en of th~~ mwtysy~. 6. That (a) in the event of any breach of this Mo~tgage w default on the part of fhe MORTGAGOR, w;b) in Ihe event any of sa:d sums of money herein referred to be not promprly and fully paid within th~rty (30) days ~exi aite~ the same severa:ly become due and payable, witho~t demand or not~ce. or (c) in the event esch and every the stipulat~ons, ag~erments, conditions a~d covenanrs of sa:d promissory note a~d th:~ mo~tgage any or either are no1 iuly, p~omptiy and fully per(ormed, d:scharged, ezecured. e~fected, completed, compficd v.ith and ab~ded 5y, then io e~ther or any such event the sa~d ag gregate tum rrtentioned in said prom~ssay note then remaining u~pa~d, with interest accrued, and all moneys secured hereby, shatl become due and pay- ab e(orthwith, or ~hereafre~, at Ihe option of said MORTGAGEE, as fully a~d completely as il all of the sa~d sums of money were or~ginatly st~pulatrd to be pa~d on such day, anything in sa.d prom~sswy note or i~ this Morigage ta the contrary nmw~?hstand'u~g; and thereupon w thereafter at rhe opt~on of sa~d MORTGAGEE, without norice or demand, suit at law or in equ~ty, therefore w thereafter begun, may be proaetuted as if all moneys secured hereby n~d matured pnor ro iri instit~tion_ 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to faetlose it, or to reform it, or to enforce paymeM of any claims FKreunder, said MORTGAGEE shall apply to the Court having ~u~~sd[ction thereof for the appomtmem of a Rece~ver, wch Coun shaN forthwith appoint a receiver of said mortgaged ~operty all"and singula?, includ~ng alt and s~ngular the income, pruf~ts, issues and rever~es from whatevcr :evrce derived, each and every of wh~ch, it being expressty understoed, is hereby mortgaged a~ if spec:fically set fwth and described in the g~anring and h~bcndum clauses hereof, and svch Receiver shati have all the broad and effea~ve fu~c+~ons and powers in anyw~se entrusted by a Court to a Recriver, and t. ch appointment shsll be made by such Cov~t as an adrnitted equity and a matter of absolute r~ght to said MORTGAGEE, and witha~t reference to the adequacy or inadeqvacy of the vat~e of the property mwtgaged or to the so~vency or insoiverxy of said MORTGAGOR w the defenda~ts, and that such renr~, profin, incane, issues and revenues shall be applied by such Receiver accord~ng to the Iien a equity of said MORTGAGEE and ihe practice of such Court. 8. To d~ty, promp~ty and fully perform, discharge, execute, effect, complete, comply with and abide by each and every rhe stipu~ations, ag?eements, co~ditions and covenants ~n sa~d promissory note a~d th~s mortgage set fo~th. 9. That in the event the ownership of the mortgaged premises, a any part the~eof, becomes vested in a person other than the MORTGAGOR, 1he MORTGAGEE, its successws and ass~gns, may, w~thout nonce to the MORTGAOR, deal w~th such svice~ssa os Euaessor, i~ _irltttasl wi1A r~fe?ence to this mo~rgage snd the debt hereby secured in the same manner as with Atortgagor without in any way vitiatiny a d~xharging tFx Morrgagori Iiability here ~r•der o~ upon the debt hereby secu:ed. No sate of the prem~ses hereby mo.tgaged and no fo~bearante on Ihe part'of Ihr IAORiGA6EE o~ ita s~ccessors or assigns and no exrension of the t~me for the paymem of the debi hereby secured given by the MORTGAGEE or its suctetwrs .or essiyns, r'ull operare ro release, d~xharge, modify change or affect the orig~nal IiabJity of the MORTGAGOR he:ein, either in whok or in put. • 10. It is spec~fically agreed that time is of the es:ence of fh~s contraa and fhat no waiver of any obl~get~o~ hereunder w of the obligation sr cvred hereby shall at any time the+eaher be he:d to be a waiver of the terms hereof w of the instrumeM secured herby. ~ 11. In add.r~o~ to the fore o n monrh! a ments of rinc a! and inrerest re u~red b the rom~ssor no~e secured hereb mort a ar covenants j 9 9 V P v P ~ Q Y P Y l. 9 9 a~~.d agrees to pay to mortgagee vcrth each monih~y pay~, ent an add~~~onal sum est~n,ared by mongagee to be equai to 1; 12 of the annual cost of the follow- ~ ! A-All real ~operty taxes lev~ed w assessed egaihst the above described real esrate. i . . F B-Dr~vn~ums on fire and windsrwm ~nsurar.ce as here~n requ~red to be carr~ed on the ~m;,~oveme~ts s~tuate on thr. above dsscribed premises. ~ ~ C-Premlums on such mortg~ge guaranty insura~~ce as mor!gagee shall fro:r. r~me to time deem fit to carry on the ~oan sewred hereby. Mortgagee sha!I from t~me to time norify mortgagor ~n writing of the amount due and payable he~eundrr and such s~:n sha:l thereupon be due and ~ ~.+yable on the due date of the nezt monthiy payment and each successive month thereafr~r ur.tit mortgagee shall ~otify mortgagor of a change in such `s a-~ eunt. S~+ch wms s~a:l be applied by matgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage g~aranty insurance K n•emiums. ~ IN WITNESS WHEREOf, the :aid MORTGAGOR has hereunto set his hand and seal the day and year (irst aiwesaid. Signed, Sealed and deiivered in the prexnce of: ~ B ~ y a~~ s ~+lA~~ f (StA~ ~ ! ~ ' ~asa oseaary un s cs~an ~ i cs~ao ~ ~ SiATE OF FIORIDA St. L ie ~ COUNTY OF ~ Billy Ray Mounts ~ Befwe rtro penonally appeared +nd ~ ~RRtls ROf@~Zy 1?~OUTttS his wife, to me well k~own and known to ms~ ~o b~ ~x tne individuats dexribed in and who executed the fwefloing instrume~t, and +cknowledged before me that shey executed tFx aa~.for tM, pK{10tM ~ rherein expressad. And the teid Rosesary Mptlllts , .':4 ~ ~~1e of the ssid B~lly Rsy MOU~1t8 e•~{~ yK ~ P'i e=aminat~on by mr ta4en separate and apart from he~ said husband, acknowledged to and before me that she execuied sa~d insfi9rt~at ~fjt ~nd v61uc?-%. ~ ranty and without any compulsion, constraint, appre n ion, or fear of or f~om her said husbarsd. _ Y3 ' ? WITNESS my hand and olfit~al ual this - day of Ja~~ y ~A. D. 19 _ ~y - _ _ ~ ` tary Public in e~+d fpr t tat! ~t larpi • y Commluion eapires: I(~ •~~,~,5~~~~.'.,- Retum To: _ ~ First Federal Savingf 3 toan Association ~ 2_ 1 q- 9.s~ ~'~~r~ Of Fort P~erce. ;_'1 Fort P~eice. Flor~da - F LEO 1?ND RECOROEO - f~, WC~E COUNTY FIA. ROCC PGUITRC URT ~ ~ ' ~j This Instrument Prepared By J. H. ROberts CLfRK RECOR~ VCFiF1ED _ First Federal Savings ~ loan As ociajion of Fort Pierce r R~orl~ fEe ~~2 49 PM ~~Z Checked By 22309~ ~ ,j:~ 8a~ 1~9 ~ 8~36 'a ;:U ~ ~ ~ . . _ . _ _ - i _ . . . . . . . ~ . . _ ~ . _ _ ~ "i., , , a l~~ L~ - ' ~ e....~-.,.. . _ . . . . ± r .i: