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To place and co~tinuously keep on the bu~!dings no~nr o- he~eaiter ~ituate en sa~d land and on ali equipment and personally covered by fhis mo? egs, with aN premiums thereon pa~d in fu:l, f~re insursnce ~he uiual etandard pol~cy to~m, in a sum ap~xoved by ~he MuR~GAGEE, r~~d w~~.daro ~~surance in ~he usual atanda~d pot.cy form, in ~ sum approvad by the MURTGAGFE, in tuch compa~y or compan~es as thQ ~;lORTGAGEf m d~recf; and aIl tire and w~ndstorm i~surance pot~cies on any o! sa~d bu;l~;r.gs, any ;nteras~ ~herein or part thercof, in the aggregare sum afaesaid in excess Ihereoi, shall coruain the usual atandard martgagee clausa or such othrr clause as the Mo+tyagee m.•y requ~re, mak~ng ~hr ~oss undrr ~3~d po i cies, esch and every, payable to said MORTI;AGEE as its imerr~t may appear, a~d each and every such pa+icy sh~il be promprly ais gn~! and de:ivered ~ eny held by u;d MORIGAGFE as fur~her security to »id mortpage debt, and, not leu than ten (10) day~ in adva~xe of the expiration of each pol~cy, ~o d~ I~ver to said A10RTGAGEE a renewal ~hereof, ~oge~her with a rece~gt fw the premium of such renewal; and ~hrre shall be oo f~re o~ windsto~m insurooc Placed on any oi aaid buitd~ngs, any interest there~~ o+ pa~? rhereof, unless in the lorm and wiih the Iou payable as aforesa~d; and in the event any s~n ~ of money becomes payable undx such policy w pol~ues sa~d MORTGA3EE ihall tuve the optlon to receive and apply the sa~ne on acca,nt of ~he indab~rd neas secured hereby a to pcrmil said MORTGAGORS ?o receive and uu it or any part therepf for onc~r purposes, w~~hout th_..;» ~v.:~wi,q or ~~np;:u ~~g any oqw~y, lien or right u~der or by virtue of this mo:tgage; snd in the evr~t sa~d MORTGAGORS shatl for any reason (ail to keep ~he sa~d pre~n~srs so ; ~nsured, w fail ~o de~iver prompNy •ny of sa~d polKies of insurance 1o sa~d MORTGAGEE, or f~il promptly to pay fuIly any pre~niv:n thcrrtor or i~ a~y respect fait to perfwm, d+scharge, execure, eifect, complrte, canply wirh and ab~de by ~h;i covenant, o~ any pa~~ hrreo(, said MGRiGAGEE may p~ace a~0 3 pay ta such insurance or any part thereof w~thout waiving or affecting any op~ion, lien, equ~ty, or ~~ght under or by viitue of ~h~i hto~tgage, and ~he f f~ll amount of each and every such paymenl aAall be immediately due and payable and shell bear interesr from the date 1he~eof un~il pa~d a~ ~he rate ot ; n~ne per centum p~r annum and to~ethrr with such interest shali be xcured by the lien of thii mo~tgage. ~ t 1. To permit, tommit ot suffer no waste, impairment w deterioration of said property or any part thereof. ? 5. To pay all and singula~ the costs, charges and expenses, inciuding a reasonable attorney's fee and costs of abstra:ts of titte, incurred or pa~d at any time by said MORTGAG:f, 6ecause or in the event oi the failure on the pa~t of rhe said MORIGAGOR to duly, pron~ptly and fully perfa~n, d~xharge. execuro, effect, complete, comply with and ab.de by each and every the st~pularions, agreements, condiuo~s, a~d covenants of sa~d prom~ssory note and ~hts ,rortgage any w either, and said costs, chargrs and expenses, each and eve~y, shalt ba immediatety due and psyab:e; whether or nor the.e be nonce d~ mand, altempt to co:lect or suit pending; and the full amo~nt of each and every such payment shalt bear int~rest from tht date thereof until paid at the r~te of nioe per cantum ~r annum; and aU said costs, charges and expenses ~rxurred w paid, together w~th wch interest, ahall be secured by ~he Gan of thls mortgag0. b. That (a) in the event of any breach of this Yiongage or default on the part of fhe MORTGAGOR, or (b) in the event any o( sa:d sums of nwney herein referred to be not promptly and fully paid within thuty ~30! days nex~ afrer the same severa!ly become due and payable, without demand or norice, or (cj ;n the event each and every the stiputations, aqreaments, cond~rions and covenants of sa;d promisswy nore and th,s mortgagr any or e~the. are not jufy, promptly a~d fully performed, d~scharged, executed, effected, completed, compl~ed with and aE~des1 5y, then in e~ther w any such evenl the said ay- greyate sum mentioned in said {xomissory note then remaining unpaid, wiih interest accrued, and a~i moneys setured hereby, shaN become due and pay- abie fonhwith, w rhereafter, af ~he option of said MORIGAGEE, as fully and completely as ii ail of the said sums oi monry were orginally st~pulated to be pa~d on suth day, anythiny in sa:d promisswy note or in this Mortgage to the contrary notwithstandingj and thereupon or thereafter at the opnon ot sa~d MORTGAGfE, without notice or demand, suit at law w in equity, thtrefore or thereafre~ begun, may be prosetuted as if all moneys setured hereby n;d matured pr~or to its institution. 7. That in the event thar at the beginning of or at any rirne pend~ng any suit vpon this Mortgage, w to {oreclose it, or to reform it, or to enfoice payment of any claims hereunder, said MORTGAGEE sha~l appty to the Cour~ hav~ng ~ur~sdkr~on thereof for the appo~mmen~ of a Rece;ver, wch tourt sball forthvyith appoini a receiver of said mortgaged property all and singular, inciud;ng a{I and s~ngutar th~ income, p~of~ts, issues artd reven~es from whatever so~rce derived, each and every of wh~ch, it be~ng expressly undersrood, is hereby mortgaged as if speu~icaUy set forth and described in the g.amiry and hsbendum tlavses hereof, and such Receive~ sball have al! the broad and effective iunct,ons and po.vers in anyw~se emrvsted by a Court ta a Receiver, and s.:ch appointment sFalt be made by such Court as an admitted equity and a matter oi absoiute right ta said MORTGAGEE, and withou~ refererxt to tF.e aciequacy w inadequacy of the vatue of the property mo~tgaged or to the so~vency or ;nsotvency of sa'rd MORiGAGOR or the defendants, and that such renn, pro[its, incane, isaues and revenues shall be app~ied by such Receiver accordu~g to the lien or equity of said MORTGAGEE and the praU~ce of such Court. E 8. To du1y, promp~ly and fully perfo+m, d~scharge, execute, effect, comptete, comply w~th and ab~de by each and every the st+pulations, agreemeros, conditions and covenants in sa~d promissory note and th:s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a peryon other than the MORTGAGOR, the f,1pQTGAGEE, its successors and assigns, may, withou? notice to thG NORTGAOR, deal w~th such sutcessor ur suttessor i~ interest w~th refe~ence to this mar;qage and rhe debf hereby secured in ihe same man~er as with Morrgago. w~thoW in any way vifiating or d~scharging the Mortgagori liability here- ur,der w upo~ the debt hereby secured. No sa!e of the premises hereby .r.ortgaged a~d no iorbearance on the part of ~he IJIORTGAGEE or its sutcessws or a:signs and no extension of the time for the payment of the debt hereby secured qive~ by the MORTGAGEE o~ its successors or au;gns, ahall operate to release, descharge, modify change or affect the o~iginal liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agr~ that time is of the essence of this cen~ract and that no waiver of any abligation hereunder p of the obtigation se- c~red hereby shall at any time th¢reafter be hetd to be a waiver of the terms hereot or of ihe instrument secured herby. 11. In add;tio~ to ihe forego"ng monthly payments of princ pal and interest required by the promissory no!e secured hereb~, mortyagor covenanfs , 3~~d agrees to pay ro mortga~ee vvith each monthiy pay~nent an add~rional sum est~mared by mortgagee to be equal to 1, 12 of ~he a~rnual cos~ of the foliow- ;~,g: A-All real property taxrs levied or assessed against thc above described reat estare. B-P+emiums on fire and windsrorm inswar.ce as herein requ:red to be cani~d on the improveme~ts srtuate on the above d~sa~bed premises. C-Premiums on such martgaqe guaranty insvrance as mortgagee shall from. t~me to time d~em fit to carry on'the {oan secured hereby. Mortgagee shail from t~me to tlme notify mortgago~ in writ~ng of the amount d~e and payable hareundtr and such surn shal! thercupon 6e due and : avabte on the due tiare of ihe next mortth:'~ payment and each suctessive month tne~eafter ur.til mortgagee shall not~fy mortgagor of a changu in such ~~-:o~nt. Such sums shalf be appiied by mortgagee towa:d the paymen2 of reai property taxes, insure~ce prem:ums, and mortgage guaranty insurance n r e miums. IN WlT1~~E55 NHERfOF, the said J!'OR7GAGOR has bereunto ut his hand and seal the day and year first sforesaid. Signed, Sraled and 'vered ' the presenc~of: o/J 1 (X/.cL~"~s?""- r~'~ af) ' Wi liam , MatthewS ~~ap ~ ~ `~O~ ~,4,~1/ cs~aq (Seap SiATE OF FLORIDA ~ , '_'OUNTY OF SL . Ld1C 1@ ~ 1 Before me personally appeared William J. Matthews a~d Ka.therine Matthews his wife, to me weli known and known to me to be the individuals described in and who execWed the fwegang instrument, and atknowtedged before rne that they executed the same for tF~e purposH ~herein expressed. And tFie said Katherine Natthews N;+~ or rs,z ,~;d killiam J. Matthews ~ upon s rate a ~rats examinat~o~ by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted said instrumpnt, ftuel~ ;a~d yolvr? ranly and wnhovt any computsion, constraiot, appre ns~ r}~w fear of or from her said husband. - • WITNESS my hand and official seal this ' day oi ebruaz ~/1. D. 19 72 Ndary Pubfic in ~nd •tlx ute ~~t t~rye My Commiu~on e ~r ' Retum To: ` Fint feder~l Savings S Loan Associat~on ~ Q~. ~,J' Y~ - Of Fort P.erce. ~ , ;j ~ Fort Pierce. Flo~ida ~~D REG4RD~ . ~.~Q~~ Ci~~~~. ~ flDCER ?OITiI#~'i ~ ; CLEMt CI~CUR ~ ~ 's it~Ottll~? ~IEPli'FfO,~,+.~... This Instrument Prepared By John W. Collins First Federal Savings 8 loan Association p~[ f of Fort Pierce , Florida i A Checked By il~5~s l ou"ui'i~~ ~ , Y_ _ ~ _ . - - - - ~ _ ~ ~ ~