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To place and continuously keep on the bui!d~ngs rtow or hereafter ~iluate on said land and on all equ~pmrnt and perio~ally covered by ~his ma sgs, wAh d) premiumf ~hercon pe~d in tull, fire insurance in the usuel standard pofiq form, in a fum spproved by the MORiGAGEE, and w~ndsto ~nsurence in tht u~usl standa~d poi:cy form, in a sum approved by the NIORTGAGEE, in such co~npany or con+panies as the h10RiGAGEE m direc?; and all fi~s and w~nJstorm insurance poliues o~ any of sa~d build~ngs, any inreres~ ~herein or pa~~ thrreol, in ~he aggregare s~m afaesa~d in excess ~hrreof, shall contain the usual sfa~~dard ma t9agae clavie or such other dauss as the Ma~rgagre may requ.re, making the lo~s under sa~d po cies, each and every, payable to said MORTGAGEE as ~ts interett may appear, and each and every svch poi~cy ~hall be promptly ass gned and dei~ve~ed ~ any hald by iaid MORiGAGEE ai iur~her security ~o said mwtgage deb?, and, not !eu than ~en (10! days in advance of the exp~ra~~on of eacA poi~cy, ro d. Gver to said MORTGAGEE s renewal thereof, together witn a rece~p~ for the premium of wch renewal; and thcre shall be no f~re or windswrm insuranc plsced on ~ny of said buildings, any i~ierest therein or parl thereof, unless in ~he form and wifh the ~oss payable as a(o.esaid; and in thc even~ any sun of money becomes payabte under such policy or pol~cies said MORTGAGEE shall have the opt~on to recr~ve and appty the same on account of ~he indebted ness secured hereby or to permit said MORTGAGORS to receive and ~se it p any pan thereol lor c:nrr purf,oses, ~vithout fh~.~or waivii3 cr ~•uFai~ ing any equity, lien or ~ight undar w by virtue of Ihia mo::gage; and in ~he event ia~d MORTGAGORS shall fo~ a~y reason fa~l to keep thc sa~d premises so insured, or tail to deliver promptly any of said pol~cies of insurance to said MORTGAGEE, o~ fail promptly to pay f~~Iy any pre~n~u~n ~herefor w in a~y respect fail to per(orm, discharge, execute, efiect, comptete, comply with and abide by this tovenaN, or any part hrreof, sald MGRTGAGEE may p~ace a:~o ~ pay fa such insurance or any part thereof withouf waiving or affecliny any option, lien, equ~ty, o? right under or by virtue of this Mo~tgage, and the f~ll amount of rach and e~ery such payment shall be immed~ately due a~d p+yable and shall bear iNerest from tha date thereof un~il pa~d at the rate of n~ne per centum pe.v annum and to~ether vvith ~uch inte~esr shall be srcured by the lien of this mortgage. 1. To permit, commit or sufftr no waste, impairment or deterioratio~ of said property o? any part thereof. S. To pay all and singula? the costs, charges and expenses, inclvding a reasonable attwney's fee and cos~s of abstracts of title, incurred o~ paid st any time by said MORTGAGfE, because or in the event of the failure on ~he pa~t of the said MORTGAGOR to duly, pranptly and fully perform, d~scharge. execute, effect, tomplet~, comp:y w~th and ab;de by each and every the st~pu~a~~ons, agreements, cond~tions, and covenants of sa~d p~an~ssory note and ih~s mort9age any or either, and sa~d costs, chargei and expenses, each and every, shall be immediatety due and payable; whe~her or not ehrre be nor~ce de~ mand, attempt to coI1M o~ suit pend+'ng; and the full amount of each and every svch payment shalt bear i~te~est from the date thereof untit paid at the rate of ~ine per centum per annurn; and all said tost3, charges and expenses inturred o~ paid, logether w~th such interest, ~hall be setured by the lien of this mwtpa~e. 6. That in the event of any breach of ~his Mortgage or default on the pa?t of the MORTGAGOR, o? (b) in the eve~t a~y of sa+d svms oi mo~ey herein referred to be not p~omptly and fully paid within th~rty (30) days nex~ after the same severatly become due and payabte, without demand or notice, or (c) in the event each and every the stipulatio~s, agrecments, condieions and covenants of sa:d promissory ~ote and this mortgage any p either are na1 ~uly, p~omptty and fully performed, d~uharged, executed, effected, completed, complrcd wiih and abided Sy, ~hen in e~ther or any such event the sa~d ag gregate sum mentioned in ssid prort:isso~y note then remaining unpa~d, with interest accrued, and afl mo~eys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were o~~ginally st~p~lated to be paid on such day, a~ything in sa:d prom~ssory note or in this Mortgage to the <ontrary notwithstanding; and thertupon or thereafter at the opnon of said MORTGAGEE, without notice or dema~d, suit at law oi in equity, there(ae or thereafter begun, may be proxcuted as if all money secured hereby had matured pnor to Its institution. 7. That in the event that at the beginning of or at any time pend~ng any sv~t upon this Mortgage, a to iorectose it, or to reiorm it, o~ to enforce payment of any tlaims F+ereunder, said MORTGAGEE shall apply to the Covrt having jurisd~ction thereof for the appointment of s Receiver, such Cou~t shall forthwith appoint a ~eceiver of said mortgaged property all and singular, includ~ng ail and sinqular the income, pfot~ts, issues and revenues trom whatever source derived, each and every of which, it being expressly unders~ood, is hereby mortgaged as if spec~fically set fwth and dcxribed in the granring and habendum tlsuses hereof, and such Receiver shall have all the b.oad and effective funct~ons and powers in anywise entrusted by a Cou.t to a Receiver, and s~ch appointment shall be made by such Court as an ad~nitted equity and a matter of absolute right fo said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mwtgaged or to the sotvency o~ insolventy of said MORFGAGOR or the de~endants, a~d that syth" ~7 a: re~~s, profih, incane, issues and revenues shall br applied by such Receiver accordmg to the lien w equity oi said MORTGAGEE and the prauice of swh ~ ~ CouA. _ + ~ 8. To duly, promptly and fully per~orm, discharge, execute, effect, comp?ete, comply w~th and sbide by each and every the stipulations, agrcemeA~i; ~ i- co~d~tioru and covenants in sa~d promissory note and fh~s mo~tgage set fath. ~1 ~ .i 9. That in t6e event the ownership of the mortgayed premises, w sny part thereof, bemrt~es vested in a person other than the MORTGAGOR, tl~e MORTGAGEE, iri successors and ass~gns, may, w7~houf norice to the MORTGAOR, deat w~th such succeua a wccessw in interest with ~eference to tF~if % mortgage a~d the debt hereby secured in the same manner as with Mortgagw without in any way vit~ating a dixharging the Mortgagors' Iiability he(r~ ~ ~nder or upon the deb~ hereby secured. No sale of the prem~xs hereby mortgaged and no forbearance on the part of the MORTGAGEE or its svccessor~ - ? or assigns and no extension of the time for the payment of the debt hereby secured given by tFx MORTGAGEE or its successors or auigns, slwll operat~• ro reiease, dixharge, modify change a affect the original liability of the MORTGAGOR herein, either in whole or in psrt. . 10. It is specifically agreed that time is of the essence of thii contract and that no waiver of any obligatio~ hereunder o~ of the oblgateorf s~- ~ " cured hereby shall at sny time thereafter be Meld to be a waiver of the terms hertof w of the instrument secured herby. ~"t I1. In add~tion to the faego'ng monthly paym~nts of pri~c'pa1 and interest requ~red by the prom~swry note secured hereby, mortgagar coven~nt} k and agrees to pay to mo:tgagee w~th each monthly payrneM an add~rional sum est~mared by mwtgagee to be equal to 1; 12 of the annual cost of the folbvJl = i ing: . - ~ A-All real property taxes kvied or assessed against th~ above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements siruate on tfie above descr;bed premises. . C-Premiums on wch mortgage guaranty insurance as mortgagee shall from r me to time deem fit to carry on the loan secured hereby. ~ ~ I i i Mortgagee shall from time to time not~fy mortgagor in wr;ting of the amo~nt d~e and payabte hereundrr and such sum shall thereupon be due and ~ c ayable on the dve date of the next momh!y payment and each successive month thereafter ur.tit mortgagee shal~ notify mortgagor of a charge in such a--~ount. Such wms sF.ail be applied by mortgagee roward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ p~emiums. • ! IN WITNESS WHfREOF, the uid MORTGAGOR has hrreunto set his hand and seal the day and r first a wesaid. ~ ~ Sign , Sealed d deliv i~ the presence of: ~ . ~ `l ,~1. A~li ~ SS ~ an 3 ~ (Seat) ~ ~ e (~an ~ (Seal) ~ STATE OF FLORIDA ~ ~ cour,rY oF St. Lucie ~ Befwe me personally appeared Rav Allen Ba1yS e~ ~ ~Zy ~ Bays his wife, to mc well known and known to me to be ~ rhe individuais described i~ and who executed the fore9oing instrument, and acknowledged before me that they executed the same for the purposes ~ rherein expressed. Arx! the said N~1e?ry Ann Baj/S ~ N~Fe of tbe sa~d Ray Allen Bdj/S vpon a separate snd prirat~ ~ e:aminarion by me taken separate and apart from her said husband, acknowledged to and belore me that she executed said instr~ment freely and volu~ rar~ly and w~thout any compulsion, constraint, apprehension, or fear of or from Fror said husbsnd. ~ `~~a WITNESS my ha~d snd official seal thi~~ day of ~Y A. D. i9 72 ~ ? • Notary Pu in a for t State of florid~ at targe _ My Com ~on eapires: ` ~.1~~ Return To: ~ first federa~ Savi~gs 3 loan Association Of Fore P:e~ce. PIOThRY PUBUC STATE OF FLORIDA AT LAR~ " Fort Pierce, Florida MY COM~11SS10N EXPIRES AUG• 6~ 197~ - , GENERAL tNSURANCE UNDERWR~TERE, ~i~1C. ~ a„ , , • ANO REC IlOE~ ~ This Instrument Prepared By: Wa. B. graui~ ~ iT~WC~E COUN~Y f~~- First Federal Savings & Loan Association , ~~~~a POITRAS ~ ' of Fo~t Pierce ~ FloZida 33450 ~ ~ RECORavE~pf1E0 COU~~~"'r _ _ Checked By . ~ ~ ~ ~ ~ LZ ~ - ~ o R 2~s~_o~ do~200 ~ ,744 s~ - 5 ~ _ - _ - - - - - , _ ~ ~ ~ ~ - 5 ' ' t F ~r F '1 ~"s~sE,~~.. ~ 3- }a~~~~.~~ _ -t' sr~t: . ._,.d ~~F"w-c~3'"~ ~ _ -...x ~ . -c.,..2, , .a :