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To place and continuously keep on the bui:dings no~v or hereafter ~ituate on said I~nd and on all equipmenl and persbnally covered by thi~ ma ags, with all piemium~ ~hereon pa~d in full, fite insvronce in the usuel standard policy torm, in a sum a~proved by ~he MORIGAGEE, and windsto ~nsuranc~ in ths usual standard pol;cy fwm, in a sum approved by tM MORTGAGEE, in such compsny or companies as the MORTGAGEE m direcr •nd all fire and w~nduorm in3urance policies on any oi said build~ngs, •ny interest therein or parl Ihzreof, in the aggrega~e tum aforesald in ~:cess thereof, shal) contain the usual standard marrgagee clause or ivch other clause ai ~he Mo~tyagee may reqe~re, mak~ng the loss under sa~d po c7es, e~ch and every, payabte to said A10RTGAGEE as ~ts interes~ may ~ppesr, and each and every tuch policy thall be promptly asa grted and de~ivered + any held by iaid MORiGAGEE as lurthe~ ieturity to said mortgage deb~, and, not leu ~han ten (10) days i~ advance of ~he eYpirat~on of each pol~cy, to d. Iiver to said MORTGAGfE a renewal theraof, toge~her with a receipt for the pre~nium of such renewal; and there shall be no lire o~ windstor~n insurant placed on any of u~d build~~+gs, any interest there~n or part thereof, uniess in the (orm and with the loss payable as afwesaid; and in the evenl any s~n oi money becomet payab~e under such policy or pol~cies said MORTGAGEE shall Aave the opnon to receiYe arx! apply the un,e on account o( the indebted neu setured Fxreby o~ to permi~ ssid MORTGAGORS to receive and use i1 p any part thereof for otncr purFoses, ~vi~houl th~r~ ui wai+i~i3 .;r ~mpa~~ +ng any eqvity, lien or right urd~ a by virtue of this mo-tgage; and in the event w~d MORTGAGORS shall fw any reaion fail to keep the sa~d prem~ses so insu~ed, w fail to deliver promptly any of said policies of insurante to said MORTGAGEE, or fail promptly to pay fulty any premium therelo~ w in a~y respect fail ro perform, discharge, exetute, effcc/, completa, tomply with and abide by thif covenant, or any part hrreof, said MORTGAGEE may plate a~~d pay for such insurance or any part thereof without waiving or affec~ing any option, lien, equ~ty, o~ right under or by virtue of this Alatgage, and the F full amount of each and every such paymen~ shall be immediately due and payable •nd shall bea~ interest from ths date thereof until paid at the ~ate ol ~ nfne pe~ centum per annum and together with such imerest shall be :ec~red by tix lien of this mortgage. j 1. To pt~mit, commit or suffa no waste, impairment or deteraration of uid property w any part thereof. 5. To pay all and singula~ the costs, cha~ges snd expenses, Including a reasonable attwney i fee and costi of abstracq of tifle, incurred w paid at any time by said MORiGAG:E, because a in ttie event of ihe (ailure on the pa~t of the said MORTGAGOR to duly, promplly and fully pe~fo~m, d~scharge. execute, effecl, tomple!e, comply w~th and ab:de by each and every the stipulanons, agreements, conditions, and covenants of said promissory note and ~his mwrgage any w e+~Fur, and uid costs, cMrges and expenses, each and every, shall be immediately due and payable; wherher or not there be no~~ce da mand, attempt to cotleU or s~it pending; and the full amount of each and evsry such paymenl shall bea. interest from Ihe date thereOf until paid al the rare oi nine per cent~m per annum; and all said costs, charges and expenses incurred ot paid, together w~th ~uch interest, shall be secured by the lien oi thii mptlyage. 6. That (a) i~ the event of a~y kueach of this /Nortgage or default on the part of the MORTGAGOR, or (b) in the event eny of sa~d sums of money herein referred to be not promptly and fully paid wirhin thirty (30) days next afrer the same severally become due and payable, withou~ demand or norice. or (c) in the event each and every the stipulatiorss, agreements, co~ditions and covenants of sa~d promissory note and th~s mortgage any a eithe? are nol iuly, promptly and fully perfwmed, d~scharged, executed, effected, compteted, compl~ed with and abided 9y, ?hen in e~ther w any such event the said ag- gregate sum mentioned in said promissory nore then remaining unpaid, with interesf accrued, and aIl moneys secured hereby, shall become dve and pay- eb!e forthwith, or thereafrer, a~ the opt~on of sa~d MORiGAGEE, as fully and comple~ely as if all of the said sums of money were ong~nally st~pulated rc be paid on suth day, anything in sa d prom~sawy note or in this Mortgage to the contrary notwithstanding; and thereupoa w thcreaher at the option of said MORTGAGEE, without notice or demand, suif at law a i~ equity, therefore w tFxreafter begun, may be proxcuted ~s if all moneys secured hereby rad matured pnw to~its institution. 7. That in the event that at the beginn~ng of w st any tin:e pending any wit upon this Mortgage, w to fwc~close it, or to refwm it, or to enforce ` payment of an~r claj ~u~j y~ id M Tj',i~('aE€ }hall apply to the Court having jurisdiction •t~ e-reof for the appointment of a RecEivtr, such Cour1 shall 1 foirhwith appant a~ilrei of 36itl mditge~c ed propeely all and si~gutar, includ~ng all and :inguf~i~ ~~~~Ye v ~es from whatever source derived, taefi )nd eylftiQl~ whicA, it being exprefs?y unde~stood, is hereby mortgaged t~~ it{~ 1 t f~jth a~ii~t~ed~~th1,• SAnting and habendum tlau~es heipf, and sucl~ iZeteiver shaU h~vq all the broed and effective funct.ons and,power '~h~ lRt~tdt by`a Cpyrt q•a Receiver, and s::ch appointment ihall be'_made by svch Cou?t as an admitted equity and a ma~ter oF absolute ~~ght~ N10AiG41CiF~, arxl witlwut rcferer~e to the adequacy or inadequacy of the value of the proper~y mor~gsged or to the so~vency or insotven~i oi`sa'kf~1NpRTC)fIGOR or~ defendanfs; an~ thaf such rents, profits, incane, issues and revenues shall be a~p~ied. by suth Receiver according to fhe lien or equity of said MORTGA6EE anlitlte pi~tfite of such Court. 8_ To duly, promptly ard fully periwm, dixharge, execute, efFect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note and this mortgage xt forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its succeuws and assgns, may, wi~hout notice to the lNORTGAOR, deal with such successor or successo~ in interest with reference fo this • mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiatirg or diuha~ging the Mortgagon' liability here- under or upon the debt hereby sec~red. No sale of the premises hereby mo~tgaged and no forbearante on the part of the MORTGAGEE or its successors ' 1 or assigns and no exrension of the time ior the paymem of the deb? hereby sec~red given by the MORTGAGEE or its successws or au~gns, s~wlf operate t to release, discharge, modify thange w effed the original liability of the MORTGAGOR herein, either i~ whole w in pa~t. 10. It • is spec~ficatly ag.eed that *.ime is of the essence of fhis contract and that no waiver of any obl~gat~on hereunder w of the obligaYwn se- cured hereby shall st any tirt+e thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:tion to the forego'ng mo~th!y payments of princ'pal and interest requ~red by the promissory no!e secured he+eby, mortga~or covenants ~ and agrees to pay to mo:tgagee wEth ea.h monthly payr.ient an add~rional sum est~mated by mortgagee fo be equat to 1/12 of the annual cost of the follow- ~ng: A-All real property taxrz lefied or assessed agai~st the above described real estate. ~ B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. i ~ C-Premiums on such morigage guaranty insurar,ce as mo~tgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mertgagcr in w~it~ng of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due date of the next month!y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such i a•r.o~nt. Such sums sha:l be appiied by mortgagee toward the payment of real prope~ty taxes, insurance prem:ums, and mortgage guaranty insurance ~ premiums. E IN WITHESS JVHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ye first afa id. 3 J i ned, Seated an elivered in the presence of: ~ _ C ,7 '1%C,Q., 1 F sesq Z ~ 1~ e ~ (Seal) ~ `~.~~_DQ ~1 _ ~ (Seaq s n eis er ~ - (Seat) ~ ~ i ATE OF FLORIDA ~ $t • L.11C le } ~ ~ COUNTY OF ; ~ ~fa~ ~ ~.,o~ny ~~a~~a Alfred O. Geisler a~ ~ ~ Susan Geisler a his wife, to me well known and known to me to be rhe individusls desvibed in ~nd who executed the foregang instrument, and acknowledged befwe me that they exetuted the sam~ for .the purposes Susan Geisler rherein exp?essed. And the wid ~ ~ Geisler _ . ' s ~~fe of the ~;d - Alf red O. up~n;~ ,LeMr~fe and privste ~ examination by me taken separate and apart from her said husband, atknowledged to and before me that she exetuted~isid;yW(y~nent ftipFX"and votun- 'H tanly and without any compul:an, constraint, appre ion, w fear of or from her said husband. • • f~ : WITNESS my hancl a~d of(icial seal thi day of ~ZCh - 19 72 ~ - ~ ~ ~ : Notary Public in •nd fw atf o Fbrida at lsrye ? My Commission ex res: : . t ~ ~ : . ' Rerurn To: ~ NO~ ~pU~BL~ OSTATF'd fIORIDA at LARGE i Fint Feder~l Savings 3 Loan Association ~ MY ~M~~ ~ Ea(PtRES SEPT. 25. 1975 ~ 3 Of Forr P.erce. Rond By'7lrrfi~ican Bar,Rers Insurance .o. s fort Pierce, Florida ~ FILEO AMD RECORDE~ ST. LUCIE COUNTY fL ROCER POITRAS This Instrument Prepared ey Richard K. Kayes CI.ERK CIRCUIT COtlRT ~ First Federal Savings 8 Loan Association RECORD YERifiEO.,. ~ _ of Fort Pierce ~ Florida ~ 9 45 Ni7 Checked By aooK2~ ~ 2%z51'79 _ , ~ ~ ~ . ; - _ - _ . . ~lij~ ~ .._w~ . . . ;