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To place and continuously keep on the bvi;d~ngs ~ovv or hereai~er ~i!uate on sa~d Isnd and on alt eq~~p~nent and personally covered by th~s mor ege, w~th afl premiums ~herco~ pa~d in full, fire insvrance in Ihe usual standard polity form, in a 3um aHproved by the MOR~GAGEE, and windsto insurance in the usual standard pol.cy fo~m, in a sum approved by the MORTGAGEE, in tuch company or companies as the MORIGAGEE m direct; and all fire and w~oJiwrm insurance poGCies on any o( said build~ngs, any interes~ therein or pait thereof, in 1he aggregau sum aloresaid in sxcess Ihercof, shall co~tain the usual s~andard mor~gagee clause w such othe~ clause ss the Mortgagee may requ~rs, making the loss under »~d po ues, each and eve~y, payab~e to sald V10RTGAGEE as its imerest may appear, and each and every auch po~~cy shall be promptly ass g~ed a~~d drthrared ~ any held by sa~d MORTGAGEE as further security to sa~d mwigage debt, and, not less than ~en (101 days in advance of the exp~raT~on of each poi~cy, ro d~ Gver to said MORTGAGEE a renewal thereof, Iogether with a receipt io~ the premivm oi such renewai; and Ihere shall be no f~re or w]ndi~onn ins~ranc placed on any of said b~ildings, any interesl there~n or part thereof, unless in the fonn and with fhe loss payable a: aforesa~d; ano in the e~ent any sun of money becomes payable unde~ such policy w pol~cies said MORTGAGEE shall have ~he opron to rece~ve and apply the san,e on accou~~t of the inciabt~•d ness secured horeby o? ro permit aaid MORTGAGORS to reteive and use it a any pa~t theceof for o~h_v purF~oses, v.~~ho~~ th~.~ u: .vaw~ o~ ~~~~p..~~ ing any equ~ty, lien w right unde~ a by virtue of th~s mo:rgage; and in the event sa~d MORTGAGORS shatl fw any reason fa~l to kcep the sa~d prem~ses so insured, or fail to de~iver promptly any ol said policies ol insurance to sa~d MORiGAGEE, or fail promptly to pay fully any pr~~ni~:n therefw o~ in a~y respect fail to perform, discharge, ezecute, effect, complete, comply with and abide by thit covanant, or any part hrreof, sa~d MvRiGAGEE may p~ace a~d pay for such insurance or any part thereof without waiving or affecting any option, lien, equ~ty, or ~ight under or by virtue of this Mortgagr, and the full amount of each and e~ery such payment shall be immediately due and payable and shall bear interest from the date thereof ur~il pa~d at ~he ~a~e oi n~ne per cantum per annum and to~rther with such inrerrst shaii be secured by the lien of this mw.tgage. 4. To permit, commit w suffer no waste, impairment w dete~ioration of said prope~ty or any part the?eof; 5. To pay all and singular the costa, charges snd expenses, including a?easonable attorney's fee and costs of abstracts of title, incurred or pa~d at any time by said MORTGAGfE, because or in the event of the failure on the parl of ~he said MORTGAGOR to duly, promptly and iu~ly perfo~m, d~scharge. >xecute, elfed, complete, comply w~th and ab:de by each and every the stipulat~ons, agreements, condi~io~s, and covenants of sa~d promissory note and th~s mortgage any or ei~her, and u:d costs, charges and expenses, each and every, shall be immedlalely due and payabte; whether p not there br no+~ce d~ mand, attempt to collecl or suit pending; and the full amount of each and every suth payment shall bea. interest from the date thereof unti! paid at the rate o~ nine per cenwm ~:r annum; and all said costs, charges and ex~nses incurred w paid, together w~th such interest, shall be secured by the lien o( this rnortgsge. 6. Thst (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein roferred to be not promptly and fully paid within thaty (30) days oext afier the same severa!!y become due and payable, without demand or notite, or (c) in the event each and eve~y the stipulatio~s, agreements, corid~t~ons and covenanrs of w:d promi:wry ~ote and th~s mo~tgage any or e~ther are nof i~ly, promptly and i~lly performed, d~scharged, exec~ted, effeded, completed, compl~ed wi+h and ab~ded Sy, then in e~ther o~ any such event the sa~d ag ~regate wm mentioned in said promissay note then remaining unpaid, with interest accrued, and atl moneys secured hereby, sha11 become due and pay- abie forthwith, or thereafte~, at the option of said MORTGAGEE, as fuliy and completely as if all of the said s~ms of money were w~g~naily st~pu:a!ed ro be paid on such day, a~ything in sa:d p~omisswy note or in this Mutgage to the contrary notwithstand~ng; and thereupon or thereatte~ a1 the opt~~ of sa~d MORTGAGEE, without notice w demand, suit at law or in equity, therefwe or tAereafter begun, may be prosecufed as if all moneys secured hereby nad matured pnw to ~ts institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shal! apply to the Cou~t having junsd:ction thereot ta ~he appo~ntmeN of a Receiver, wch Ccurt shail for~hwirh appoint a receiver of said mwtgaged property atl and singular, includ.n9 all a~d singular the income, prof~ts, issues and reve~ues from whatever source derived, eac!~ and every of whrch, ~t being expressly undeistood, is hereby mor~gaged as ~f spet~fically set fwth and describzd in rhe g~aming and habendum clauses hereof, and s~ch Receiver shall have all tF.e bread and effective funct,ens artd powers in anywise entrusted by a Cour1 to a Recriver. a~:d i,,:h appointment shall be made by svch Court as an admitred equi~y and a matter of absol~te Nght to said MORTGAGEE, and whhout reference to the zdequacy a inadequacy of the value of the property mortqaged or to the sorvency or insotverxy ot said MORiGAGOR p the defe~,dants, and ~hat svch rents, profits, incane, issues and reven~es shall be applied by such Receiver accord~ng to ~he lien or equity of said MORTGAGEE and the practice of such CouA. 8. To dufy, promptly and fu~ly perfo~m, discharge, eaecu~e, effect, complete, comply wlth and abide by each and every the stipulations, agreements, condirions and covenanes in sa~d promissay note and th~s mortgage set forth. . 9. That in the event the owrtership of the morigaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal w~th such successw o+ successor in interes! with re(erence to this mortgage and the debt hereby secured in the same manner as with 1Jlortgagor w~thout in a~y way vitiating w d~scharging the Nbrtgagors' tiab~tity here~ under w upon the debt hereby secured. No sa;e of the prem~ses hzreby mortgaged and no forbearance o~ the part of ~he MORTGAGEE or its successors or assigns and no extension of the time for the payment of the deb+ hereby secured given by the MORTGAGEE or its successors or ass:gns, a~:all operate ~o release, d~scharge, nwdify change or affect the original lian~t~ty of fhe h50RTGAGOR herein, either in whole w in part. 10. h is speufically agreed that time is of the essence of this contract and that no waiver of any obtigat~on hereunder or of the obligation se- cured h¢reby shall at any time thereafter be held to be a waivrr oF the terms hereof or of the instrurnent secured herby_ 11. In add.tio~ to the forega ng monthty payments of princ pal and inrerest requ~red by the prom;ssory no~e sewrcd hereby, rnortgagor covenants jnd agrees to pay to mortgagee n,ith each month;y payr.ient an add~nonal wm est~mated by mortgagee to be equa~ to l; 12 of the annual cost of the foNow- ~ng: A-All real property taxrs levied or assessed agai•,st tFr~ above described real es+ate. ' B-Prem~vms on fire and windstorm ~nsurar.ce as herein requ:red to be carr~ed on the +mproveme~ts s~tuate on the above described p~emises. C-Premiums o~ such mortgage guarar.ty insurar.ce as mo~tgagee shall from t~me to t~~ne deem fit to carry on the loan secured hereby. Mortgagee sha~l from time to t~me non(y mo~tgagor in writ~ng of the amount d~e and payable he:eundrr and such sum shall therzupon be due and i ;.~Yable on the due oate of the next month:y payment and each wccessive month thereaft~r uctil mortgagee shall not~fy mortgagor of a change in wch ~ r^q~nt. Such sums shail be app?ied by mo~tgagee toward fhe payment of real property taaes, insurance prem.ums, and mortgage guaranty insurante r, remiums. i ! IN WITNE55 WHEREOF, the said MORIGAGOR has hereunto set his hand and seal the day and year first aforesaid. s Signed, Sealed and detivered i~ the presence of: ~ (Seal) ` r . Ad~mS (Sea4 3 r ' G''1- .E/ a rris D. Adauts ~xa~~ s ~ S;arE O' FtORIDA ~ COUNTY OF St . Lt1C1@ ~ ~ 1 ~ Fzed F. Adams ~ Before me perwnslly appea~ed _ snd ~ Dorris D. Adams ~S his wife, to me well known and krrown to me to be ; the individuals described in and who exetuted the fwegoing instrument, and acknowledgtd befwe me that they exetuted the same for tM purposes ~ rherein expressed. And the said-p4tr15 AddmS ..,m,_._T_ n-~fe of the said FZed F. Adams ~ ,i~~~ ~~~~h eram~nation by me taken uparate and apart from her said h~sband, acknawledged to and before me that she execuled said instlu srA'`~h114Ypd vOhm rar~fy and without any compulsa~, constraint, apprehenf,~w fear of w from her wid husband. ~F •'j • ~ WITNESS my hand and official seal thia ~ day of ~=C • rA. ~ lq;~~ _ , . f : ry ~t ~ Notary Public in snd for t SNt f•F e' My Comm~ssion expires: ~ ; . _ Return To: ~ First Federal Savings 3 Loan Associat~on ~Q ~ 7r i~~• ~ Of Fort P.erce. ~ ~ ~w fort P~erce, Fior~da !fIlEO ArM7/~ /R~EC0~~4 r`~ i1.l~~C VV~M~ r\Ia. ~ LL: ~OCE~ POITRAS fil CIEAR C:.tCU1T COUAt = RECOai~ yE~~?tEO~ - This Instrument Prepared By ,)ohn k'. Coll ins f First Federal Savings & Loan Association ~ j ~i ~~Z of Fort Pierce , F lor i da s~ Checked By _ .,,~995 ~ BooK 20U PacE 6QQ ~ ~ . ~ . . ~ . . . ~ . . , i. ~ - - _ - - - ~ r- , ~ _ - . , , ~ .k.. _