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To place and conrinuously kcep on the bui!dings now w hereaf~er slwate on sa~d land and on ali equ~pmenl and pe~onslly covertd by this mo+ j ags, with all premivms thereon paid in full, lite insurence in the usual standard policy fotm, in s sum opproved by the MORiGAGEE, and windsto ~ insurance in the usual itandard pol~cy (o~m, in a ium approved by the MORTGAGEE, in such company w compan~es as the A10RTGAGEE m d~rec~; and all fire and w~ndstorm insurance po~~ues a+ a~y of said build~ngs, any interest the~ein or pa~t thereof, in Ihe agg~rga~e sum •toresa~d in excess lhereof, aha~t contain the usual star.dard mw~gagte clauu or such othrr clause as the Morlgagae msy rcquire, ma?ing the loss undrr sa~d po ues, each ond every, payable to said MORTGAGEE as its in~erest may appea~, and eacA and every such pot~cy shall be promptly ass.gned and de~iverad ~ any hetd hy uid MORiGAGEE as turther ~etutity to said marlgage debt, and, not leu ihan ten (10) days in advance ot the expira~~o~ of each pol~cy, to d~ I~ve? to said MORTGAGEE a rerxwal thereof, together with a reteipt (o~ 1he premium oi such renewal; and there shall be no f~re or windstorm insuranc placed on any of said buildings, any iN~rest tharein w part thercof, unless in the form and with ths ~o:s payable as aforesaid; and in the event any sun of money becomes payabte under such poliq o~ policies said MORiGAGEE shall have the op~~on to receive and apply the same on accoum of the indebted ness secured hereby o~ ~o permit said MORTGAGORS to receive and use it or any pa~t thereof iar otFxr purposrs, ~+i~hout th_r~u~ wai~i.~g o~ nnpoir ~ ing any equity, litn or righl under a by virtue of this mo: tgage; and in the event said MORTGAGORS shall fw any reason fail to keep ~he said premists so j insured, a fa+l to deliver promplly any of said policies of insurante 1o said MORTGAGEE, ot fail promptly to pay luily any premium therefor or in any respect fail w per(orm, discharge, execute, effect, complete, comply wirh and abide by this covenan?, or any par~ hereoi, said MORTGAGEE may piace a~d pay for such insurance or any part thereof without waiving or affecting any option, lien, eQu~ty, w r~ght under w by virtue of fh~s Mor~gage, and the full amovnt of each and every such paymer?t shall be immeciiately d~e and payable and shall bear interest from tha date thereoF until paid at the rate of nine per cent~m per annum and to~ether with suth interest shall be secured by the lien of th~s mortgage. 4. To permil, commit or sutfer no waste, impairment or deterioration of said propcrty or any part thereof. 5. To pay all snd singutar the costs, charges and expenses, including a?easanabk attorney i tee aod cos~s of abstracts of title, incurred or paid a1 any time by sa~d MORTGAG:E, because or in the event of ~he failure on the pait of the said MORTGAGOR to duly, prornpHy and fuily perFam, d~xharge. execute, effea, complete, comply w~th and ab:de by each ar+d every the stipulat~oru, agreements, conditiona, and covenams of said promissory no~e and ~h~s mortgage any or either, and said costs, charges and expenses, each and every, shall be immeJiately due and payabte; whether w not there be notice dr mand, attempt to coltett or suit pending; and the full amount of eath and every such payment shall bea~ intereet from the date thereof until paid at the rare of nine per centum per anou:n; a~x! all said costs, charges and expenses incurred or paid, ~ogeti~er w~th such iroerest, shall be secured by ~he Gen of th~s mortgage. 6. That (a) in the event of any breach of this Mwtgage w default on the part of the MORTGAGOR, or (b? the event sny of sa:d sums of money herein referred to be not promptly and fully paid within thirty (30) days rxnt after Ihe same severally become due and payable, without dema~d or notice, or (cj in the event each and every the stipulations, agreements, conditions and covenants of sa~d promissory note a~d th~s mortgage any or either are no! iuly, promptly and futly perfamed, d~xharged, execWed, effected, completed, complied wifh and abided by, then in either o~ any such event the sa~d ag gregate wm mentioned in said promissory note then remaining unpaid, with intcrest accrued, and all moneys setured hereby, shall become due and pay- able fathwith, or thereafter, at the option of said MORTGAGEE, as iully and completety as i( all of the wid sums of money were or~g~ns~~y stipulated to be paid on such day, anything in sa:d promisswy note w in this Mortgage to the contrary notwithstand~ng; and thereupon w ~hereafter at the option of said MORTGAGEE, without notice or demand, s~it a1 law a in equity, the~efwe w thereai~er begun, may be p~osecuted as if all moneys secured hereby had matured pnor to ita institution. 7. That in the event that at the beginn~ng of or at any time pending any :u7t upon this Matgage, w to foreclose it, w to reform it, or to enfo?ce payment of any claims hereunder, wid MORTGAGEE shall apply to the Court having jur~sd~ction thereol for the appo~ntment of a Receiver, such Covrt shall Forthwith appoint a receiver of said mortgaged property all and singular, inciud~ng aIl and singula~ the income, profits, issues and revenues irom whatever source derived, each and every of which, it being expressty unders~ood, is hereby mo~tgaged as if speuticalty set forth and deu~ibed in the g~anting and habendum clauses hereof, and such Receiver shall have all tl~e broad and ettective funct~ons and powers in anywise ertrusted by a Court to a Receiver, and s~ch appointmenl shall be made by such Court as an admitted equity and a ma~ter oi absolute right to said MORTGAGEE, and without relerence to ihe adequaty w insdequacy o1 the value of the property mortgaged or to the soivency w~nsolvency of said MORTGAGOR or the defendants, and that such renrs, profib, incane, issues and revenues shall be applied by such Receiver accord~ng to t}x Iien7oi~wullp~pf pid MORTGAGEE and,the practice of such , t, , Court. ~t : , 8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, compty with an~~id~ by each ariet evCry the stipulation3 agreeme~ts, } conditions and covenaros io sa~d promissory note and this mortgage set fath. s.( . 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other'~A~~~O~GAG~R, the k MORTGAGEE, its succeuws and ass~gns, may, wirhout notice to the MORTGAOR, deat with such successor or successor in interest wi?h reference to th~s mo~~gage and the debl hereby secured in the same manner as with Mortgagor without in a~y way vitiating Or diuharging fhe Mwtgagors' (iability herr under w 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 assigns and no extension of the time fw tF~e payment of the debt hereby secured given by Ihe MORTGAGEE or its successors w assigns, a~~all operate f ~o release, dixharge, modify cha~ge or affect ihe original liab~l~ty of the MORTGAGOR herein, either i~ whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obltgatfon hereunder or of the oblgation sr cured hereby sha? at any time thereafter be he:d to be a waiver of the terms hereoi or of the instrument secured herby. l l. In add~t~on !o the fcrego:n9 monthly paymsms of princ pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee w~th each monrhly paynent an add~~io~al sum esnmated by mortgager to be equal to 1/' 12 of the annual cost of the follow- ~n~: ; A-Atl real property taaes levied a assessed agai~st the above dexribed reat estate. ~ ~ B-Prrmi~ms on (ire and windstorm insuracce as here~n req~;~ed to be carried on the improveme~ts situate on the above desuibed premises. ~ C-Premiums on such mortgage guaranty insurar~ce as mwtgagee shall from t~me to ti~ne deem fit to carry on the ban secured hereby. i Mwtgagee shall from time to time notify mortgagor in wr;ting of the amovnt due and payable hereunder and su~h sum shall thereupon be due and ' r.~yable on the d~e date of the next month!y paymenl and each successive month thereafter ur.til mortgagee shall not;fy mortgagor of a change in such ! a.ouit. Such sums sha:l be app'ied by martgagee toward fhe payment of rea: property taxes, iruurance prem:ums, and martgage guaranty inwrance F; ~emi~ms. ~ IN WITNE55 WHfREOF, the said MORTGAGOR has hereunto set his hand and seal the day a ear first afwesaid. ? Si ned, kd and delivered in the presence of: ; ~ ` ` - / 1 Michael A. Castzilli ~an ~ _ (Seaq € (Sea4 ~ i ness E~ily strilli ,~ai~ { ~ ~ SiATE OF~mo~c NfiW JfiRSEY SS_ ~ COUNTY OF ~ . ~ eefwe me pe~sonally appeared M1C~18e1 A. Castrilli ~ 6ai1 Castrilli y his wife, ta me well known and known tc me to be ~ ~he individuals described in a~d w:w executed the for ~oing nslrumenJ, acknowledged befwe me that they executed the same fw the purposes _ rherein expresud. And the said ~ i ay ~ as t Y 1111 w~(e of the said I~Lc1taQ1 A. Ca5t1~111~ upon s separate and privat~ e.ami~atiort by me taken separate and apart from he~ said husband, scknowledged to and before me that she executed said irntrument freeiy snd volw~- 'v ~ar~ly and without any compulsior~, constraint, apprehension, w fear of or from her id husband. ~ WITNESS my hand and officfal seal'this ~ Q day of ~ •t 11: ~C •19.L~'= ~ a~--t -..c/' - ~ i , :g ~ • Notsry lic in ~r+d for tlx S~ate ot~lOr~f t~~Qe@ _ ~ My C m~ssion expires: P1C11 .J~ S~l _ Retum To: -r _ first Feder~l Savings b loan Associat;on ' - ' ~ J t~ E; O( Fort P;erce. - !~f . ,~y Fon P~erce. Flo.~da / . # i_~s-7~ ~ ' . f ~EO ~Ne RECOaoEo This Instrument Prepared By Wm. B. Braun S~. LUCIE COUNTY FLA. First Federal Savings & Loan Assotiation ROCER POITRAS - of Fort Pierce, Flotida CLERK C!~,r,Ult COURt ~ RECORi~ VEP.~~IEC~..~,~~ Checked By ~ ~ 1 II s4 AM 1 ~}e~ _ BOOK ~U V PAGE ~ 1 V S~ ~ i ~~'7 4~ ~ . ~ : - . :s