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To_ place and continuously kcep on the bui'dings now or ~ereaf~er s~~uate on sa~d Iand and on ali eq~ipment and perional~y covr~ed by this mor egs, wuh all prer+~~ums thereon pa~d in tuli, fire insurance ~n Ttie usual sta~dard pul~cy fo~m, in •?um approved by the MORiGAG:E, and wii~dito ~nsuranc~ in the usw) srandard poGcy form, in a sum approved by the MORTGAGEE, in iuch company or compa~~es as the h10RiGAGEE m dnect; ~nd all fire and windstorm insursnce pol~cies on any o( said bu~~d~ngs, ~ny in?ereat therein or parl thareof, in the ag9rega~e wm aforesaid in txtets thereof, thall contain the usual standard matgagee clause o~ suth other clause as 1he Mo~lgagee may requ.re, makinp the lo~s unJr~ sa~d po c~es, each and eve~y, payable to said MORTGAGEE as its in~erest may appear, snd e~ch and every such pot~cy shatl be promptly ass gned and det~vered ~ sny held by ssid MORIGAGEE as fu~ther security to said ma~gage debt, and, not less than 1en (10) days in advance of tM exp~ration oi each pol~cy, to d. Gve~ to said MORTGAGfE a renewa{ thereof, logether with a receipt for the pramium of such renewal; and there sha!1 be no i~re or wh~ds~onn inwranc placed on ~ny of said buildings, any interest there~n or part thereof, unless in the torm and with the Ioas payable as afweseid; and irt the eva~? any sun of money becomei payable unda such policy a policies said A10RTGAGEE shall have the opt~on to receive and appty the u~ne on accoun~ o( ~he indabi~d ness secured hereby o~ to permit said MORTGAGORS to receive and use it d any pa~t thereof ior osner purposrs, v.~~hout ~h,~.u~ .va~~~•~~ cr ~~~~p..~~ ~ng any eqv~ty, lien w?ight ur?der or by virtv~ of this mo:'gage; and in the event w~d MORTGAG~RS shall fa any reason (ail to keep the sa~d prem~srs so insured, w fail fo deliver promplly any of said pol~cies of i~surance to said MORTGAGEE, w fail promptly to pay }uily eny prem~um therefw or in any resped fail to p~fo~m, diuharge, execute, effec4 comp~ete, comply with and abide by thls covenont, a any par~ hereof, said MGRTGAGEE may piace a•~d pay for such iruurante or ~ny part fhereof without waiving or affectiny any option, lien, equity, o~ right under w by virtue of this Mortgage, and thc full amovnt of e~ch and every sech paymem shall be immediately due and payable and shafl bear interest from the date thercof until p~~d a~ the rate ol nme per centum pQt an~um and to~ether wiih such interest shalf be securad by the lien of this mwtgage. 1. To permit, tommit w suffer no wasfe, impairment w deterioration of uid property or any part thereof. S. To pay sll s~d singulu the costs, charges ~nd expenses, intluding a reasonable attwney's fce and costs of abstracts of ~itle, incurred w pafd st any time by said MORTGAGEE, betause or in the evrnt of the failure on the part of the said MORTGAGOR to duly, promptly and futly perfwm, d~scharge. axecute, effect, complete, comply w~th and ab:de by axh and every the stipulations, agreements, conditions, and covenants of said prom~ssory note and ~h~s morrgage any w e~the?, and uid costs, charges and expenses, cach and every, shall ba immediately due and payable; whether a not ~here be not~ce dr mand, attempt lo collect or suit pe~d~ng; and the ful) amount of each and every such payment ihatl bear interest from the date thereof unti{ paid at the r,,te of ~ine per centum per annurn; and a~l said costs, charges and expenses incvrred or paid, together w~th such interest, shall be secured by the lien of this mortga9e. 6. Thst (a) in the event of any breach of this Nbrtgage or default on the part of the MORTGAGOR, o? (b) i~ the event any of sa:d sums of mo~ey herein referred to be not promptly and fully paid within thirty (30) days neat ~fter the same severatly become due and payable, without demand or notice, or (cj in the event each and every the stipulations, agreemenu, cond~rions and covenan~s of sa:d promissory note and th~s ma~gage sny or eiihcr are not ~uly, prompNy and fully perfwmed, d~scharged, executed, effected, completed, complied vvirh and abided by, then in either or any such evem the sa~d ag gregate wm mentioned i+~ iaid promissory ~ote thert remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as i( all of the said sums of money we~e wg~nal~y st~pulated to be paid on such day, a~y~hing in sa:d prom~uay note w in this Mwtgage to the con~rary nofwilMtanding; and ~hereupon or thereafter at the opt~on of sa~d MORTGAGEE, withoul notice or decrsand, suit at law w in equity, therefo~e w thereafter begun, may D~ pto~yted as if all rt~o~eys secured hereby nad matured pnw to its inslitution. ' 7. That in the event that at the beginning of w at any time pending any su~t upon tfiis Mo[igsg~; p tq~fweclo3e If, or, tq.reform it, or to enforce paymem of any daims hereunde?, said MORTGAGEE shalt apply ro the Cour~ having jurisdrction'thereof•fo~ the appo~wtbsnt of~a RetiivN~~uch Court shail For~hwith appoint a receive? of said mortgaged p?operty all and singular, includ~ng all and s~ngutar ~he ~ncome, piof~ts, issu~{ +nA ~nue~ from whatever source derived, each and every of which, it be~ng ezpressly understood, is hereby morrgaged as if speuficalty ut forth anA derat~ibed iri tF?e graneing and habendum tiauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to ~ Reteirer, and s~ch appointment shall be made by sucA Court as an admitted equity and a matter of absolute ~ight to said MORiGAGEE, and without reference to 1he edequaty or inadequacy of the va?ue of the property mo:tgaged or to the so~vency or insolvency of said MORTGAGOR p the defendants, and that such :enrs, profin, incane, iuves and revenues ahall be apptied by such Receive~ acco~ding to the ~ien or equity of sa~d MORTGAGEE and the practice of such Courf. ~ 8_ To duty, promptly and fully paform, d~xharge, execute, effetl, complete, comp~y with and abide by each and every the stipuia~ions, agree~nents, conditans and covenants ~n sa~d promisswy 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 person other than the MORTGAGOR, the M,ORTGAGEE, in successws and assigns, may, w~thout notice to the MORTGAOR, deal w~th such successw w successor in interest with reference fo this mortgsge and the drbt hereby secured in the same manner as with Nbrtgagor without in any way vit~ating w d~xhargirg the Mortgagori liability here- under or upon the debt hereby secured. No sale of fhe premises hereby morfgaged and no forbearance on the part of the MORTGAGEE w its ssxceswrs i or assigns and no extension o( the time fo~ the payment ot the debt hereby secured g~ven by the MORTGAGEE or its successors w assigns, s~iall operate ro release, d~uharge, modify change w affect the original liabi{~ty of the MARiGAGOR herein, either in whole or in part. ~ i 10. It is spec~fically agreed that time is of the essence of this contrad and that no waiver of any obl~gst~a~ hereunder or of the obligatSon se- ~ cured he~eby shall at any time tF~ereafter be held to be a waiver of the terms hereof or of the inatrumem secwed herby. ! 11. In add~tion to the faege'ng month!y paymenrs of princ pal and interest required by t1u prom~ssory no!e secured hereby, mortgagor covenants ~ and agrees to pay to mor7gagee with each mon~hly payment an add~rional s~m est~n~aied by mortgagee to be equal to 1 j 12 of the annual cost of the folfow- ( ' ~ng: 1 ~ A-All real property taxes levied or assessed agai~st the above described real estare. + ~ 8-Premiums oo fire and windstwm insurance as here~n requ~red to be carried on the improvemeats s~tuate on the above described premises. ; C-Premiums on such mortgage guaranty ir.surar~ce as mortgagee shail from t~me to time deem fit to carry on the loan secured hereby. ! ` Mortgagee shall from time to time ncti(y mortgagar in writing of the amo~~t due and payable hereunder and such sum shall thereupon be dve and ti cayable on the due date of th next month!y payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such ~ a~,ount. Such sums sF.a;l be~lied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~xl mortgage guaranty insurance ~ ~ p~emiums. € IN WITNESS WHERfOF, the said MORTGAGOR fias fiereunto set fiis hand and seal the day and year fir:t aforesaid. ' ~ Si92ed, 1 nd livered 'n the presence of: ~ ~ ~ObE I • O ~~a~) ~ ~ (Se°n ~ (Sea4 ~ ~Sar ar . on ~~ai~ ~ ~ ~ 57ATE OF FLORIDA ` ~ COUNTY Of St • WCle ~ a ~ eefore me personally appeared Robert P. POAd end ~ Barbara L. Pond ~ his wife, to me well known and known to me to be ~ the individuals described in and who e:ecuted tfie fore9any instrument, and scknowledged bafore me that they eaecuted the same ior the purposes ~ therein expressed. And the said Ba rba ra L, • PODd _ ~ wife of the said Robert p• Pond upon s sepss+te and private ~ examinstion by me taken sepsrate and apart from her said husband, acknowledged to a~d before me that sF~e executed said instrumeM freely and volun- " rar~iy and w~thout any compulsiw~, comtraint, epprehen " n, or ear of or from her said husband. ~ WITNESS my hand and offic~al seal th; dsy of Ma rch A. D. 19 72 ~ Q 4 ' Notary Pubtic in and fw t t~te f Fbrida at lar ~ My Commission ~xpires: '~i'M ' ~ Return To: / First Federal Savings 3 loan Associatbn , ' ~ Of Fort P;erce. ~ ~ • . Y iort P~erce. Florida f~IED AMO RECORO[!• 4,.~ : ` `f~ ~ LUCIE COUNTY tL~ " = ROCEP. ~OtTRAS ' ~ ~ . CLERK CiRCU1T COU " ' _ " RECORD VE~~FIEO . _ This Instrument Prepared By ~John W. Collins u = . - i First Federal Savings ~ Loan Association `3 is PI1 ' ` of Fort Pierce~ Florida ~~~r'~ ~ ` `t ' r _ Checked By 224918 ~ 's =~F BCOK ~OO PACE 4~ ~ . ~ ~ - - - - : ~~F~- ;4 ~ ~ ' ~ ~ :>r~--~~ , ~ . . ~ _