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To place end c«+t~nuousiy keep on the bu~:d~ngs now or hereaf~er ~ttuate on sa~d land and on equipnent and pe~sons~ly covered by this mor sge, w~~h all premiumt thereon pa~d in fult, liro inw~ance ~n the uiusl standard po~icy form, in a sum epproved by ~he MORtGACaEE, and w~~~dsto ~nsurance in ~h~ uiual ifandard pot.cy Fwm, i~ a sum approved by ~he MORTGAGEE, in such company o? compan~es as tM MORiGAGEE m dutct; and aIl lire and w~ndstoim inswance po~~c~es on a~y of said build~nps, any iMero~~ there~n or part thereoi, in tM aggrega+e sum afo~esa~d in excess theroof, shall contain the usual standa~d mortgagee c~ause a such o1he~ clause es !he Matflagee ~+~ay requ~rs, making the Io~s under sa~d po c~ea, each snd eve~y, p~rable ?o sa~d A10RTGAGEE as rts inferrst may •ppea, and each and eve.y such p~i~cy ihall be promptiy +~s gncd and de~~vered ~ ~ny heid by ii~d MORTGAGEE a~ fur~her sewrity ro sa~d R~or~gage debt, and, ra~ ~eu tha~ te~ (10) days in advance oi the sapirat~o~ of each po~~cy, to d Gvei to said MORiGAGEE a renewal ~hereof, together w~th a rece~pt fa the premium of such reneM,rl; and ~hers shall bs ~o f~re or wlnds~o~m insuranc plsced on any of sa~d build~ngs, any i~eerest there~n or part thereof, unle~s in the (orm and with ~he loas payable as a~oresaid; a~d in the evrnt any su~ , of money becanes payable under such policy w policiea said MORTGAGEE shall have the op~~on 1o recei.e and apply the sa~ne on accoun~ of the ~~~debt~d ness secured he~rby o~ ~o permit ss~d MORTGAGORS to reteive and us~ it d any part thereof ior o:hcr {w~pases. .vl~F~out ~h~.to~ ~va~~~~3 c~ ~~~+P~~' ~ng ~ny equ~ty, I~en w r~ght under w by virtue of this mo:tgege; and in the svent sa~d MORTGAGORS ahall Ew any reason fail to keep ~he sa~d p~em~sas so maured, or fai) to deliver promptly ~ny of sa~d pol~cles of insurance to sa~d M~RTGAG[E, or (ail promp~ly lo pay fuily any prem~um therefor or ~n a~y rospect fail ~o perform, diacharge, exetute, effect, comp:ete, comply wi~h and ~b~de by this tove~an?, w any part hercof, ~aid MuRTGAGEE may p~ace a~o pay (a suth insurance or any parl tntreof without waiving or ~ffectiny a~y optio~, lien, equ~ty, w r~ghf under w by virfue of this Mo~tgage, and the full a~nount o( each and every such paymem shall b~ immediately dut and payabla ~nd shall bear interest irom tha date thereoi until po~d at ~he rate ot n~ne per centum per annum and to~ether wi+h such interest shaU be securrd by the lien of thii mortgage. 1. To permit, commit or suffer no waste, impairment a dcteriorafion of said {xoperty or any parf thereof. S. To pay all snd aing~tar the costs, charges and expenus. ~nciuding a reasonable snaney'~ (ce and costs of abstracts ot titte, incuned or pa~d a~ eny lime by wid MORTGAGfE, beca~se or in the evant of the failure on ~he part of ~he said MORTGAGOR to duly, promptly and fully perfwm, d~uharge. ~xecute, e~(cd, comptete, comply w~th and ah;de by each and every the stipula~~oni, agrrements, co~ditions, and cove~ants of iaid pranissory na~e and ~h~~ .nongage any w either, and sa:d costs, cMrges and expenses, each and every, ahatl be immed~ately due and payable; whether w not there be no+~ce de mand, attemp~ to collect or fuit pend~ng; and the full amount of each and every such paymeN sha~l bea. interes~ irom Ihe date ?hereof until Fe~d at the ~,~fe o~ nine per centum per annum; and all said costs, charges and ex~enses inturred w pa~d, togethm w~th suth interest, sMll be secured by the lien of thlt ! mort9pe. 6. That (a) in the event of any breach of tF~is Mwtgage or default on the part of ~he MOR~GAGOR, or (b) ~n the evero any of sa:d s~ms of mo~ey herein refe~red to be not promptly and fully paid within th~rty (30) days next after the same sevcra!ty become due and payable, wi~hout demand or not~ce, cr (c) in tha event each and every the stipulations, agreemeros, cond~tions and coven~nts of sa:d prom~ssory no~e and +h~s mortgage any w euher aro no1 iuly, prompdy and fully pe~formed, d~scharged, execurad, effected, complered, compfied witl~ and ab~ded Dy, then in efther or any such eveM the sa~d ag ~regate sum rrKntioned in said promissory note thtn remaining unpaid, with interest accrued, and all moneys secu~ed F:creby, shafl becane due and pay- eb:e forthwith, u thereaiter, at the option oi sa~d MORTGAGEE, as fully and comple~efy as ii all of the said sums of money were or~g~nally st~p~lated +o be pa~d a+ such day, anything in sa:d promissory note or in this Mortgage to the conrrory notwiihstanding; and thereupon or thereafter at the opuon of sa d MORTGAGEE, without notice or demand, suit at law or in equity, theiefore o~ theroafter beywy may be prosecuted as if all moneyi iecured hereby n,d matured pr~w ro As institotion. ' 7. That in the event that at the beginn~ng oI or at any time pending any suit upai this Mwtgage, or f0 fwocloss it, a ro~eform i1, or to enforce paymeM of any ctaims haeunder, said MORTGAGEE shalt apply to the Court having ~urisd~a~on thereof for the appointment of ? R~ceirer, tvch Court shall icrthwith appoint a?eceiver of said mwtgaged property all end s~~gular, includ~ng al! and s~ngular the income, profits, issues and ~evc~ud (rom whatever :c~rc~ derived, each and every of wh.ch, it being expressly unders~ood, is hereby mdrtgaged js if spec~fically set forth and dexribed in the 9raming ar.d habendum clauses hereof, and such Rcceiver aF+all have alt tF~e broad and eff~ctive funct~ons and powers in anyw~se entrusted by a Co~rt to a Receiver, and :..ch appointment ~hall be rt:ade by svch Court as an ad~niftrd equity and a matter of absol~te r~gh~ to seid MORiGAGEE, snd without re(erence to the edequacy or inadequacy of the value of the property mortgaged or to the sotrency or insolvency of said MORiGAGOR or the de~endants, and that such re~~s, proiits, incane, i:sues and revenues shafl be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. B. To duly, promptly and fully perform, d~scharge, execute, effect, complete, comply w~th ar+d abide by each and every the st~pulations, agreements, :onditans and covenants in sa~d promisswy note and this mortgage ut fwth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thcreo(, become~ vested in a person other than the MORTGAGOR, the :•.ORTGAGEE, its successors a~d ass~gns, may, witho~f no~ice to the MORTGAOR, deat w~th svch succeuw a successor in interest with reference to this mortgsye end the debt hereL~y stcured in the same manner as with Mortgagor witlwut in any way vitiating or d~xharging the MOrtgagOrs' lisbility her~ unde~ or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or ass~g~s and no exte~s~on of the time for the payment o4 the deb~ hereby sec~red given by the MORTGAGEE or its successws or assigns, sSiall operate ro release, dascharge, modify change or aflect the orig~nal liab~l~ty of ~he MORTGAGOR Fxrein, either in whote or in part. 10. It is speufical{y agreed that t~me is of the essence of this contract and ~hat no waiver of any obl~gat~on hereunder w of the oblgation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument secured herby. 11. In add~tio~ to the (wego ng monthly paym~nrs of princ pal and interest required by the prom~:wry no!e secured hereb~, mortgagor covenants ~-d agrees to pay to mortgagee with each monthiy payrnent an add~~~onal sum esr;:nated by mortgagee to be eq~al to 1~ 12 of tfie ann~al cos~ of the follow- f ny: ~ A-AU real p~operty taxrs levied w assessed against th~ above described real estate. § B-Prem~ums o~ fire and windstorm insurarce as here~n requ~rrd to be carried on the improvemeats situate on the above described premises. i ' C-Premiums on such morrgage guaranty insurance as mortgagee shall from t me to ti~ne deem fit to carry en the ban secured hereby. ~ g Mwtgagec shall from t~me to time notify mortgagor in writ~ng of the amou~t dve and payable hereundrr and s~ch surn shall thereupon be due and ~ ;~rable on the due date of the next monthly payment and each successive month thereatter ur.til mwtgagee shall notify mortgagor of a change in such ~ -ount_ Such sums sFail be applied by mortgagee ioward the payment of real property taxes, insurance prem:ums, and mortgage guaraMy insurance ~ p-emlums. IN WIiNESS WHEREOf, the ssid MORTGAGOR has hereunto set h+s hand and seal the day and year fi st aioresaid. , Se~led and de ' r ' the presence ofi ~}~/i~/~i'~ i !d e ~ ~ $eaq ~ Wil 3 J. la e ~a~~ ~ / !l. (SeaQ ~ _ _ Pe99Y la ~s~an ~ ~ STATE OF FIORIDA ~ ; $t . L11Cle t COUNTY OF 1 ' ~ Before me personslly appesred Willian Bla~ and ~ Peagy L. Blake his wife, to me well known and known to me to be ~ ~ the individwts described in and who executed the fwegoing i~suument, and acknowledged before me that they executed the same for the purposes : ~ therein expressed. And the said PeO9Y L Blake s ,~~fe of the said Wi111801 Blak¢ upon a separate snd priv~t~ ~ e.am~nat~on by me taken uparate and apart from her said husband, ackrwwledged fo a~d before me that she executed said inatrument freely and volun- ~ ranly and without any compulsion, constrairo, apprehens~'op,~r fear of or from he? said husband. ~ WITNESS my hand and official seal this- ~ µ day of bzuary A. p. 19 72 - ~ -K~ Notary Pu in and For the ate of fJorida ~t larye.~ My Com ao ~xpires: ~priJ?_ ~o/ / 9 7~S - Retum To: ~ F~rst Feder~l Savings 3 toan ns.oc~a~~o~ - NOTARY PUB~ STATE OF Fl OR~DA AT LAR(~ ~ - Of Fort P~e~ce. MY COMMI$S~^K EXPIRES AU.~'a. 6, 197~ Fo~t Pierce, Florida GENERAL INSURANCE UNDERWRITERS~ INC~ . fILEO t~' °ECGROEO ~ ST IUC:~ ~~U!~?T fl~. This Instrument Prepared By John W. Collins • ~ FC;: °~S First Federal Savings & loan Association C~ F"r. ~ :`;nURT Mt~l of Fort Pierce FlOrida • eC''-; , - r'-„_-~- ~ ~s Checked By 1:8 ~ IL 44 ~~I ~7~ ~ = gooK 199 PAGE1583 223589 ~n~ : . - - - - . - : _ - - - _ - _ _ . ~ . _ ,..-.1 f~= ,