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To place ~nd conti~uously keep on Ihe bui'd~ngs now or F.ereafter situats on sa~d land and on ~II equ~pneM •nd penonally covcred by this mo? sge, with all premiums thercon pa~d in (u11, fire insuiance in the ~sual atanderd policy form, in a sum app~oved by the MOR(GAGEE, and w~ndsto ~nsuran<e in ~M uival uandard pot;cy fam, in a sum approv~d by the MORTGAGEE, in such company or compan~es as ~ho 610RTGAGEE m d~rect; and all fire and w~nds~o~m insurance poliues on ~ny of sa~d buildmgs, any intcre+~ therei~ o~ part thereol, in the aggregare ium aforeia~d in excesf thereof, shall contain the usval standard mortgagee clause a such otha dsute at tM Mo~lgagee may requ~~s, making ~he ?oss under sa~d po' c~es, each and every, payab!e to se~d MORTGAGEE as in inte~eit may appear, and each and every such potity shall be promptly ass 9ned and de~~verrd ~ any held by ss~d MORTGAGEE as further security to sa~d mortgage debt, and, not less Ihan ten (10) deys in edvance of Ihe expirst~on of each pol~cy, to d. ~lver ro said MORTGAGEE a renewal thereof, toge~her with a receipl for the pre~nium of such renewal; and ~here shall be no i~re o~ w~~~dito~m insuranc plated on any of said buitd~ngs, any inte~est there~n a pa~t thereof, unless i~ the form and wi~h ~he loss payable as aforesaid; and in the event any :u~ of monay becomei payable under such policy o~ pol~cies said MORTGAGEE ~hall have the op~~on to rcceive and apply the sa~ne on accoum of the indebtrd ness setured hereby or ro permit said MORTGAGORS to reteive.snd use it or any pa~t Ihereof for other pu~poses, vii~hout ~hrr.ui w~~~i:~g .:r unpair ~ng any equity, lien a righf undcr or by virtue of this mo::gage; and in the event sa~d MORTGAGORS shall fw any reason fail to keep ~he sa~d prem~srs so insured, w fail to deliver promptly any of said policies o( insurance to said MORTGAGEE, or fail promptly to pay fully any pre~~~~ium therefor or in a~y respect fail to periwm, dixharg~, execute, e(fett, complete, comply with and abide by this covenant, or any part hereof, said MGRi;aAGEE may place a:~o pay fa tuth insurante or any part thereof wifhout waiving w affecting any option, lien, equity, a right under or by virtue of this Mw~9age, and the ivll amo~nl of each and every such payment shall be immediately due and payable and shall bear interesi from the date thereot un~il paid at the rate ol n~ne per tentum per annum and to3ether wish such interest shaii be secured by the lien of this rtwrtgage. 1. To permit, commit ot su(fer no wasle, impairment a deterioration of said p~operty w any part thereof. 5. To pay all and singular the costs, charges and expenxs, including a reasonable attorney i fee and costs of abstracts of title, incurred w paid at any time by said MORTGAGfE, because d in tht event of the failu~e on the part of Ihe said MORTGAGOR to duly, p~omptly and fully perfwm, d~scharge. ; execute, effect, comp~ete, comply w~th and ab:de by each and every the sttpulat~ons, agreements, conditions, and covenanq of sa~d pran~ssory ~ote and ih~s ma~gags any a ei~her, and said costs, charges and eapenses, each and every, shall be immediately due and payable; whetAer a ~ot ~here be nor:ce dr rnand, attempt to collect w suit pe~d~ng; a~d the (ull amount of each and every such payment shall bear interest from ~he date thereof until paid af the r~re o~ nine per cemum per annum; and all said wsts, cha~ges and expenses incurred ot paid, together wnh suth interest, sFwll be secured by the lien of Ihh mort9igl, 6. That (s) in the event of any kxesch of th~s 1Nortgage w default on the part of the MORTGAGO~, w(b) in the event a~y of sa;d sums of mo~ey herein ~eferred to be not promptly and fully paid within thirty (30) da/s next after the same severa~ty become dve and payable, without demand or no~ice, or (c) in the event each and every the stipulations, agreements, conditions a~d cove~ants of said promissory note and th~s mortgage any or e~ther are not ivly, promptfy ar+d fvlly perfwmed, d~scha~ged, execu!ed, effected, completed, compl~ed w~th and ab~ded 5y, then in elther a any such even~ ~he sa~d ag gregate sum mentioned in said prom~uory note then remaining unpaid, with inreres~ accrued, and atl moneys secured hereby, shall become due and pay- ab!e (orthwith, w~he~eafter, at the option of said MORTGAGEE, as f~lly and complefely as if all of the said sums of rtaney were or~ginally s~~pu;ated to be pa~d on such day, anything i~ sa:d promissory note or in this Mwtgage to the tont~ary notwithstanding; and thereupon o~ thereafter at the op~ion of sa~d MORTGAGEE, without notice or demand, suit at law w in equity, therefore w thereairer begun, may be proxtuted as if all moneys aetured hereby nad matured prror to ~ts institution_ 7. That in the evcnt thaf af the beginning of w at any time pending any suit upon this Mortgage, ot to foreclose it, or to refwm it, w to enforce payment of any claims hereu~der, said MORTGAGEE shall apply to the Court Fwving ju~~sdiction thereof for the appo~ntment of a Receiver, iuch Cour1 shall Forthwith appoint a receiver of said mortgaged property all and singular, intlud~ng atl and singular the irtcome, profits, iuues and revenVes irom whatever source derived, each snd every of wh~ch, it being expressly unde~stood, is hereby mortgaged as if speuiica!!y set forih and desuikxd in the granting and habendum clauses hereof, and such Rcceiver shall have all the broad and ef(xtive funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s~, ch appointment shall be made by such Court as an admitted equity and a ma~ter of absolute right to said MORTGAGEE, and withaut reference ~0 1he adequacy o? inadequaty of the value of the prope~ty mwtgagcd or to the so~vency w inso~vency of said MORiGAGOR a the defendants, and that such rCnt3, p~ofits, incane, issues and revenues shall be applied by such Receivcr accwdmg to fhe~tien w equity oF uid MORTGAGEf and the pract~ce of such Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, canply with and abide by each and every the stipulations, agreements, condit'qns a~d covenants ~n sa~d promissory ~ote and th;s mwtgage set forth_ 9. That in the event the ownership of the mortgaged premius, w any part tF~ereof, becomes vested in a person other than the MORTGAGOR, the M.ORiGAGEE, its succeuws and assigns, may, without notice to the MORTGAOR, deal with such successw a successor in interest with reference to thia rro~tgage and the debl hereby setured in the same manner as with Nbrtgagor without in any way vitiating a discharging the Morrgagors' liability here- e,nder or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part oi the /hORTGAGEE or its successors or assigns and no exte~sion of the time for the payment of tht debt hereby secured given by the MORTGAGEE or its suctessors or assigns, ahalf operate ro release, d~scharge, modify change or affect the original Iiab~Iity of ihe MORTGAGOR herein, either in whole o? in part. 10. It is specifically agreed that time is of ~he essence of this contract a~d that no weiver of any obligation hereunder or of the obligatan sr c~red hereby shal! at any t:me thereafter be held to be a waiver of the terms hereof or of the instr~ment secured herby. - I1. In add~tion to the forego'~u~ month!y payme~ts of p~inc pal and i~teres! required by the prom~ssory no!e secured herrb~, mertgagor covenanls and agrees to pay to mo;tgagee v.ith each monthly payr,ient an add~~ional sum est~mated by mortgagee to be equal to 1;' 12 of the annual cost of the follow- i ~ng: ~ A-All real property taxes levied or assessed agai~st the above desvibed real estate. ~ ~ B-Prem~ums on fire and windstorm insu+ar,ce as herein requ~red to be carried on the improvements situate on the above desaibed prlmises. ; C-Premiums on such mort e uarartt ir.surar~ce as mort a ee shall from t:me to time deem fit to car on the loan secured he~e ~ 989 9 Y 9 9 ~Y ' Mortgagee shall f~om time to time notify mortgagor in writ~ng oi the amounf due and payable hereundrr and such surn shall ther~qiPph+bq, dbt k~ ; ayable on the due dare of the next morohly payment and each successive momh thereafter urtil mortgegee shall notify mortgagor ot • tbsnge in w~/f., ` i a-.ount. $uch sums shall be applied by mortgagee toward the paymeM of real properry taxes, insurante prem:ums, and mortgag~ .~rerenfy insuraryc~ ~ ! premiums_ . . ' ~ ~ IN WITNESS WHEREOf, rhe said IKORTGAGOR has he~eunto se1 his hand and seal the day and year fi?st aforeseid. ' _ F Signed. Sealed and deliv ~ in t~prexnce of: ~ ROY I~ O f . ~ gy: ` _ - ~lLfD 11NL RECORQEO ~ ~ , - • iT.IUCIE ~OUNTY FIA. ~AtteSt: _ ~ ~ R..~:~ - : ~~;;R~S ~ • ~ CtFf~. •.Jtf COURT~ '~`,.,,~e...-.~,-rc_.aq - ~ - - - - - wiwi~v .t.,...::~..~~ - ; ~ ~ e ~o ~4 iu+~1i ~ ~ STATE OF FLORIDA 225~.13 , n~ COUNTY OF ST. LUCIE ~ I HEREBY CERTIFY, That on this " day of _ March , A.D. 19~~, q ~ before me personally appeared Nichnlas Vitlcr~~ich and AleXandez H. Matz f as - Treasurer ~ respectively President and _ _ - Secretary , of 3 Royal Palm Investments, Inc. Florida _ _ _ a- - _ _ Corporation, to me ~ known to be the pe~sons described in and who executed the foregoing instrumeni, and severally acknowlfedged the exe- cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioryel~j,~i~'1d f~et they : = affixed thereto the offitial seal of said corporation, and the said instrumP~t is the act and of'$aid corp~ot~ti0ri.' - WITNESS my hand and official seal at Fort Pierce , said c ni~ and ate.'-. ~ y, ~s This instrument prepared by ~ 1 1 j - / ; i ~ • . - Richard K. Kayes ~ 1? : First Federal Savings and Loa?rt Notary Pub c, in and for S and Counfy:.afo'esai~. ~ - Association of Fort PierCe, Florida My Commission Expire~OTA ,Y pLF3llC STAT~.OF FLpFZ~DA AT LARf3Q ~ btY CC`~;,'-;tS~iGt; ~X*';Z~=~ ~.;AR. 2. 2975 ~ GENE~L L`i ;'v^.AftiCE :.=:ti.'1.~."F;iiRI7~R~. 1?1C. ~ - Checked By # ~ ~ BOOit~U PAf~E ~ ~ - - - . ~ . . _ - ~ _ - _ .._.v. - e_ .