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To ptace and co~rir,uo~ily keep on the b~~'dm9s now w hereafier ~ituste on aa~d tand and on a? tquipmeM and person~lly cover~d by ~his mw ~ge, w~rh atl premlumt thereon pa d in fuit, fhe insurance m ~he usual sta~dard poticy form, in a svm approved by the MORtGAGEE, a~d w~nJs~o mwrance in ~I+~ usual sTanda.d poi•cy form, in a s~m approved by the MORTGAGEE, in such company or comp~~~es +s the MORiGAGEE m d,rect; ~nd all lire and w~nduorm iniurar+ce polic~es on any of se~d bu~~d~nys, any interest therein o? parl the~col, in tM agp~e9ate wm aforeseid in •xcess thereof, sRall cont+in the usual etandard mortgage~ clsuse o~ such o~he~ clsuss as ths Matyage~ rnay rcqu~~~, makin9 ~he lost unde. so~d po c~es, ea<h •nd every, payabie ro ta~d MORTGAGEE as ~ts m~crrst may ~ppea?, and each and eve~y such po!~cy shatl be p~omptiy +ss qncd a~d dei~vered + any held by sa~d MORIGAGEE at further ~ecu~ity to aaid mortflage debt, and, not leit than ten (10) days ad~ance of ~he e~phat~on of each pohcy, ~o d~ I~ver to ~aid MORTGAGEE a re~ewal thereof, Iofle~he~ with a receipt for the prernium of such renewat; and there ~hall be no f~re or wi~~dsro~~n ins~rant plsced on ~ny of sud bu~ld~~gs, any in+ereit there~n or psr~ thereof, u~less in ~he form ~nd wnh the lois payable as aforesa~d; and in the eYe~~ any sun of money becomes payable under auth polity o~ poLcies said MORTGAGEE shall Aave tha opt~o~ ro rccrive and apply the aame on accounl of the indrbtrd ness secur~ hereby w fo permit ~aid MORTGAGORS ro receive and uss it p any par~ the:eof fo~ oiher pvrpases, v.~iho~t ihr.eu~ wal~in3 cr r~~p.,~~ ing any equ~ty, I~en a r~ghf under or by virtu~ of this mo:!gaye; and in the tve~t sa~d MORTGAGORS shall fa any reason fail ro krep ~he s+~d pre~n~srs so imured, or (ail lo dei~ver promptly any of wid pol~cies of insurante Io said MORTGAGEE, w fa~1 promptly Io pay fuily any p~en,~„~n therefw or in a~y respea tail to perform, d~icharge, execute, eited, compleir, comply wi~h and abide by thit cove~ant, or a~y par~ hereol, sa~d MORiGAGEE may p~ace a~+o pay ior such insurance or any pait thereo( wl~hout waiving or •ifecunp any opt~on, li~n, equ~ty, o~ r~ght u~der or by virtue ol ehis Mw~gage, and the fvll amount of each and every such paymeM shalt be immedutely dw and payable and shall bear interest from tM date thercaf unti: po~d at the rare ol .~~ne per ce~tum per snnum antl to~ethrr with such interest ihaii be secured by Ih0 lien o( this mOttg~ge. To permit, commit a su(fer no waste, impairment a deterloration of said propcrty w any psrt the~eof. 5. To pey all and sirgular the cost~, charpes and expe~ses, including a reasonable attorney's fee and cosri of abs~rects oi t~tle, inc~rr~d or pald a~ any rime by said MORiGAGfE, because w in the event of the failu?e on the part of the said MORTGAGOR ro d~ly, promptly snd fu11y perlwm, d~xharge. e,~ecute, efieu, complete, comply w~th and ab:de by each aod every the sfip~lanona, agreements, conditians, and covenants of sa~d p~omiisory note a~1d th;s moregaye iny w e:~her, and sa~d costs, cMrge~ and eapenses, e~ch and eve~y, sMll be immed~atety due and payable; whether w not there be not~ce ds mand, atlempt to tollecf a suit pend~ng; and the full amouN of N<h and e~ery such payment sl~ali bea. interest frpm Ihe date thereof until pa~d at Ihe ...re os nine psr centum per annuT; and all said wsts, tharges and eapcnses inturred or paid, logether w~th auch inte~est, shaU be secured by Ihe lie~ of th~f mortyays. 6. TMt in the event of any txeach of thi~ JNortgsg~ or deFau(t on the part of the MORTGAGOR, or (b) in the event ~ny of ta:d sums of money he~ein refe~red ?o be not p.omptly and fully pa~d wi+hin th~rty {30) days nex~ afre~ the same seve*a!ty become due and payab!e, without demand or not~;e, or (c) in the evem each and every ~he stipulat~ons, agreements, cond~tions and covenants of sa,d promisso~y note and th~s mortgage any p~ ei~her are nol iuly, promptly and ful~y perfwmed, d;uharged, exec~ted, effected, completed, compiied with and ab~ded 5y, then i~ afher a any such evero the sa~d ag ~regate sum mentioned in sa~d promisso~y rwre the~ re~naining unpaid, with inte.est accrued, and a11 moneys secured hereby, shall becume due and pay- ab:e forthwith, a thereafrer, at tAe opnon of said MORTGAGEE, as fully and comp:ete~y as if aIl of the said sums of money were or~ginally st:pu~a~ed to be pa~d on such day, anything in sa.d pro~n~sswy note or in fhia Mwtgage to the co~~rary ~otwithstanding; and ~he~eupon w thereafte~ a~ the opt~on of aa~d MORTGAGEE, w~thoW notke o? demand, suit at law or in equity, therefore or thereaher begun, may be proxcutcd a~ if ell money sxured heteby • ned matured pnor to ds institut~on_ ~ 7. That in the event that p tF+e beginn~ng of or ~t ~ny time pending any su~t upon this Mortgags, o~ fo fweclose if, or to refwm it, or fo enfo~ce oayment ol aoy claims hercunder, uid MORTGAGEE shatl apply to the Court having ~~nsd~a:on ihereot tor the ~ppoinlmenf of • Receive?, sucF~ Cou?t sl+a~l Fcrrhwi!h appoint a receiver of said mwrgaged property alt and s~ngulsr, includm9 ail and singular ~he irKOme, prof~n, issues a~d tevtnws from whatever s~urce derived, each and wery ot wh;ch, ~t being expressly understood, is hereby mortgaged as if spec+fically set fonh and dexribed in the g~anting ar.d h~abendum dauses hereof, and such Receiver shall have all the troad and effect~ve funct.or.s and powers in anyw~se entruated by a Cou~t to a Rece~ver, a~.d s.ch sppoinrment shatl be made by such Cou~t as an admitted equity and a matter of absolute r~ght to sa~d MORTGAGEE, and witho~t reference to th~e adequacy or inadeq~acy o1 the value oi the property mortgaged or to the so.vency or ,nsui.ency o( sa~d MORiGAGOR p the defe~~dants, and that wch renrs, profits, inco~ne, issues and revenues ahall be applied by such Receivc~ acco~d~ng to the iien or equity of said MORTGAGEE and the prac!~ce of such Court. B. To duty, prompNy and fully perform, discharge, execure, effect, complete, comply wiih and abide by each and tvery the stipulations, agree~nents, conditions and covenants ~n sa~d promfssory note and th~s mortgage set fo~th. 9. That in the event the ownershlp of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h'.ORTGAGEE, its s~ccessors and ass~gns, may, without not~ce to the ViORTGAOR, deal w~~h such suctessw or successo~ in interest with reference to th~s ~ o•tgage and the deo~ hereby secured in the same manner as w~~h Mort~ago. w~thout in any way vitiating or d~xharg~ng the l~ortgagors' liability herr under or upo~ the debf hereby srcured. No sa!e o( ~he Frerr.ises hereby mortgaged and no forbearante on the part of the MORiGAGEE o~ its s~ccesson vr ass~gns and no earens~on of the t~me for the paymem of Ihe debt hereby secv~ed given by the MORTGAGEE o~ its successws or aaslgns, ahall operate ro re~ease, dacharge, mod~ly change or affect the o~ig~nal IiauJ~ty of ~he MORTGAGOR herein, either in whole or in part. 10. It is spec~f~ca~ly agrecd that time is of the essence of this contract and that no waiver oi any obl~gat~on hereunder or of the ob(igation se- c~red hereby shal~ at any tin,e thereafter be hefd to be a waiver of the terms hereof or of the insrruaient secured herby. 11. In add.tio~ to the forego ~ munth!y paymems of print pal~and interest tequ~red by the prom~sscry no~e se.ured he.eb~, moriga~or covenanis ! <~~d agrees to pay to mortgagee w~ih each monihiy pay~ ~ent an add~r;onal sum esr ~r~ared by mortgagee to be equal to 1; 12 of the annual coSt oi the folfow- € ~ A-A~I real propcny taxes leviec' w assessrd agni~st thc above descr~bed real estate. i B-Prem~~ms o~ fire and windsrorm ~nsu~ar.~e a: here~n requ:red to be carried on the improveme~ts s~tuate on the above desc.~bed premises. ~ C-Prem~ums on such mortgage guaranty ir.sura+,ce as mo~~gagee shafl from t;me ~o time deem fit to carry on t!x loan secured hereby. t Mortgagee sha'I from t~me to t~me not~fy mortyagor ~n writ~ng of the amo~,~t due and payab~e hereundrr and s~ch w~ shall thereupor. be due and ~ ;~aabte on the due date of ihe nrxt month!y payment and each successi~e month thereafter urtii mortgagee shatl not;fy mortgagor of a change in such } o~nt. Such sums s~a:l tx app:ied by mortgagee ~oward the payment of real property taxes, insurance prem.ums, and mortgage guaramy insurance p~emiums. ~ IN WITNESS WHEkEOF, the said MORTGAGOR has hereunro xt his hand and sca! the day and year (int afwesaid. ~ ~ S~g_ Seal a deli ered in the presence of: ~l`~G,p n,„ j~~~M~p~l t$~al ~ W V ~'fl'K. - Q.. ~ ~ _ Wo drovr McKenzie c~a~~ $ iS ~ C~ 0~..,. ~ ~ (Scal) ~ Gertsie McKenzie ~~,q ~ S~a7E Of FLORIDA St . Luc ie ~ :OUNTY OF ~ Befo~e me perwnally appeared WOOdZOM MCiC~AZle e~ - Geltsle MeKensie his wife, to me well ko.v~n,~bd known tO me to be >3 - the ind;viduals deccribed in and who executed tF~e fae9oin~ instrument, and acknowledged befwe me that they e:ecutpd~l~"saiwe'fw t~ purposes ~ rnerein expressed. Md the said ~=tsl@ I~'1Cl(~T1Zle } Woodrow McKenzie N~fe of the said ~ ` opon • upar~te and private ~ e,amination by me take~ separate and apart from her sald h~sband, scknowledged to snd before me that she eaecute}l s~' ins~rument freflr and volun- ~ar~ly and w~thout any compulsbn, constraint, apprehens: n, r fear of or from F?er said husband. WITNE55 my hand and of(iual seal this_ _ day of ~ebzuaz ' D. 19 72 - - • - :s Notary Pubfic in and fo~ the atl, fbrid~ ~t l~rpe My Commissioa ~xpirp: Retur~ To: - F~rst Fedrr~l Savings 3 toan Association IN~1AR11 PUBUC, STATE of FLORIDA ~t LARGE - O( Fu.e P c-ce YY COMIrtISSION EXPIRES SEPT. 25, 1915 FILE[? ~tCGR0E0 ~ ~nkets lasutma Co. = Fort P:erce. Fiorida $T LU: c;'UNjT f~A. c~ ~~=r:. URTy~(l~ _ cr^-r.. - :~r`,~ This Instrument Prepared By .7ohn W. Col l ins ' First Federal Savings b loan Association FEB ~ IL 44 PH ~~Z of Fort Pierce ~ Rlorida 'rvj y~ Checked By 223585 aooK199 PA~E~575 -~7 /l . ' _ ' . ' ' . 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