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To place and cont~nuously keep on the bu~!d~ngs now o~ hereafrer s~tuste on sa~d land and on a!I equipment and personatly covered by fhie mor age, w~th •II prem~ums thereon pa~d ~n futl, ffre insursnce ~n ~he uiusl sra~dard pol~cy form, in ~ su~n approved by tha MOR~GAGEE, and w~nds~o ~nsurance in ~he usual srandard pol,cy form, in a sum approved by ~he MORTGAGEE, in such company or compan~ei as the MORIGAGEE m d~rect; and all fire and w~ndstorm insuran~e policies on any of said build~ngs, any interesf therei~ o~ parl the~eof, in the aggrrgate sum afo~eaa~d in excess ~hereof, shatl contain the usual s~andard mortgagee dause or such oiha clause as ~he Mortgagee may ~equ.re, making the ioss undr~ sa~d po c~es, each and eve~y, payable to said MORTGAGEE as irs interrst may appear, and each end every such poticy shail be prompity ass gned and delivered ~ any held by sa~d htORiGAGEE as iur~he~ secvrity to sa~d mo~~gage deb?, and, not less than ten t10) days in advance of the expirat~on of each pol~cy, to d~ Gver to said MORiGAGEE a rcnewal thereof, toge~her with a receipt for the prem~um of such renewal; and thero shatl be ~o f~re or wh~ds~am insuranc pleced on any of said bvild~ngs, any ineerest ~here+n w part thereof, unle:s in the form and w~th the loss payable as afo~eiaid; a~d in the eYe~t any sun of money becemes payable uodm :uch poticy or polkiea uid MORTGAGEE shall have the opt~on to rece~ve and apply the same on account of ~he indabted ~ ness secured hereby or ro permit u~d MORTGAGORS to rcceive and use it a any part thereof ior orme~ purE oses, v+~~hout ih~n u~ .v_f~~ ~3 0. n:~p..+* ; ~ng any equ~ty, lien w r~gh~ unde~ w by virtue of this mo::gage; and in the event ia~d MORTGAGORS shatl foa any reason fail to keep the sa~d prem~sas so ( msu.ed, or (ail to deGve~ promptly any of said poGc~es of insurance to sa~d MORTGAGEE, or fa~l promptly ro pay futty eny premi~m thereior or in a~y ~ ~_3pec~ fail to perform, d~scharge, execute, effect, compiete, comply wirh and sb~de by th~s cove~ant, w any pan hereof, sa~d MGRTGAGEE may p~ace a~ci ' pny fa such insurance or any part thereo! w~~hout waiving or •fiecting a.~y opfion, lien, equ~ty, or rigM under w by v~r~ue of this Mortgage, and the £ full amount of each and every such payment shall be immediately due and payabte and shall bear interest from the date thereof until p~~d ai the rate of ; n~ne per centum per annum and to~ether with such interesi iha~i be srcured by the lien of this rtwrtgage. 1. To permit, commit or suffer no wasts, impairment u deterioratio~ of said property or any paA thereof. ~ i S. To pay afl and singular the costs, charges and eapenses, irulud~ng a reasonable attaney's fee and costs of abs~racts of title, incurred o? paid at any time by sa~d MORTGAGfE, because w in tht event of the failure on the part of ~he said MORTGAGOR to duly, promptty and fully perform, d~scharge rxetute, etfett, tomplete, comply w~th and ab:de by each and every the stipvlat~ons, agreements, tondit~on~, and covenants oi said p~omissory note a~d thi~ ~:oregage any o~ either, and sa~d costs, charges and expenses, each and eve:y, shall be immediately due and payable; whether or not there be not~ce dz mand, attempt to collect w suit pend~ng; and the foll amount of each and evcry such paymero shall bea~ interest from the dare thereof until paid at the r~re of nine per centum pcr aniwm; anc~ all sa~d costs, tharges and expenses inturred w paid, togrther ~v~th suth interest, shal) be secured by ~he 6en of this mortgage. 6. That (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 referred to be not promptly and fully paid within th~~ty {30) days next aiter ~he sa~ne severa'!y become due and payable, without demand o~ not~ce, or {c) in the event each and eve~y the stipulat~ons, agreements, condit~ons and covenants of sa;d p~omissory note an~ th;s mortgage any or eiiher are nol iuly, promptly and fuliy performed, d:scharged, executed, effected, completed, complied with and abided `ay, the~ in eithe~ w any such avent the sa~d ag ~regata sum mentioned in said prom~ssory note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay ao':e forthwith, or thereafter, at the opt~on of sa:d MORTGAGEE, as fully and complete~y as ii all of thr seid sums of money were or~ginaily st~p~~ated to be pn~d on such day, anything in sa:d prom~ssory note or in this Mortgage to the con~rary not~viths~anding; and thereupon or thereafter at the opt~on of sa:d MORTGAGEE, without not~ce or demand, suit at law w in eqvity, therefore or tAereafter begun, may be prosetuted sa if all moneys setured hereby nad matured pnor to ds institution. 7. That in the eve~t that at ~he beginn~ng of o~ at any time pend~ng any su~t upon rhis Mortgage, or to fweclosc it, or to ~eform it, or to enforce payment of any claims hereunder, wid MORTGAGEE shall apply to the Court having ~ui~sd:ction thereo! for the appointment of a Receiver, s~ch Court shail forthwith appoint a receiver of said mortgaged property all and singula~, i~clvd.ng ail and singular the irttome, profits, issues and revenuef from whatever s~urce derived, each and every of wh:ch, it being expressly undersrood, is hereby mortgaged as if spec~iically set iorth and described in the graming and hsbendum clauses he~zof, and such Receiver shall have all the broad and effect~ve funct~ons and pewers in anywise entrusted by a Court to a Receiver, and ~ s_ch appointment shall be made by svch Court as an admitted equity and a rnatrer of absolute right to said MORiGAGEE, and wirheut refere~ce to the ad~quacy or inadequacy of the value of the property mortgaged w to the so.ve~cy or i~solvency ot sa~d MORTGAGOR or the defendants, and ~hat such re•:~s, profits, inco.ne, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice af such Court. 8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, compty w~th and ab~de by each and every the stipulations, agreements, cenditions and covenants in sa~d promisaory note and ihis mortgage set forth. 9_ That in the event the ownership oi the mortgaged premises, or any part thereof, becomes vested in a person other than tF+e ti10RTGAGOR, the h'ORTGAGEE, its successors and assigns, may, wi~hout notice to fhe MORTGAOR, deal with sucn successor or successw in interesl with reference to this mo~tgage and the deo~ hereby secured in the same manner as with Mortgagor wirhout in any way vit~ating or d~scharging the Mortgagors' liability here- ~nder or upon the debt hereby secu~ed. No sale of the prem~ses hereby mortgaged and no forbearante on the part of the /AORTGAGEE or its successors o. ass~gns and no extension of the time fw the payment of tne debf hereby secuied given by the MORTGAGEE or its successors or ass~gns, a~~all operate ~o release, d~scharge, modify thange or affect the org{nal liab~;:ty of the MORiGAGOR herein, either in whole or io part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se- cured hereby shalt at any time thereafter be he:d to be a warver of the terms hereof w of the instrumeM secured herby. I1. In add:Ho~ to rhe forego ng monthiy payments of princ pal and inferest requ~red by the prom;ssory nore sewred hereby, mortgayor covenants a~d agrees to pay to mo:tgagee v~ith each monthiy pay~nent an add,rional sum esnmated by mortgagee to be equal to 1,' 12 of the annual cost of the foliow- , % A-All real propert~ ta,crs levied or assessed agai•1st th~ above described re-al estate. E B-Premiums on (ire and windsro:m insu~ar.ce as here~n requ;red to be carried on the improveme~ts situate on the above ds:cr~bed premises. i ; C-Premiums on such mortgage guaranty ir.surance as mortgagee shatl from t~me to time deem fit to carry on the loan stt~red hereby. t ! Mortgagee shail f.om tfine to s~me notify mortgagor in writ~ng of the amo~nt due and payable hereunder and such surn shali thcreupon be due and # E ~:able on the due oa~e of the ~ext month!y payment and each successive month thereafter ur.til morigagee shal[ not;fy mortgagor of a change in such > >-ount. Such sums sHall be app!ied by mortgagee toward the payment of rea~ property taxes, insurante prem;ums, a~id mortgage guaranty insurance ~ c~emiums. E IN WITNE55 tiVHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day a year firsf aforeuid. ~ Signed, Sealed and deliv ed in e presence pf: ~ i - s , Seal) - ~ ? . a rson ~ - cseaq 4 ~ (Seal) ~ . a rs n ~ - cseaq ~ ~ STATE QF FLORIDA ~ ~ St. Lucie " coutirtr oF ~ Befwe me penonally aPPea~ed Ralph H. Patterson ~ I,Ola B• and ! Patterson ` - his wife, to me well known and known to rt+e to be ; ~ rhe individuals described in and who e:ecuted the fwegoing instrument, and acknowtedged befwe me that they executed the same ior the purposes ~ rherein expreued. And tF~e said 1,0~ B. Patterson +v~fe of rhe said Ral ~T„~~ N~ Patt.Araen vpwti ~nd privat~ t e.aminetion by me taken separate and apart from her said husband, acknowledged to and before me that ahe ezetuted s~id ioetr , ~{rsefy and votun- ranly and without any compulsion, constraint, apprehe s~on, w fear of or from her said husband. / ' a WITNESS my hand and official seal thi: ~~~h _ da of ~ ~81'C~1 2 _ r ~~..~.n: -'t1¢,..~ ~ ~ - ' • . ; - Notary PubGc in and for~the State of flprida~sl large= • My Comm~uion expire~ , - Return Ta ' ' - Fint Federal Savings 3 loan Association t' ~ - p;''~7~'~i~ ~ ' Of Fort P;erce. ~R+. e : • _ _ . ; ~ . 4i:ti~.V:~ i.{.....?... r~ ~..ra_. ..a:?:\.:. i~~' • ~ . . i - Fort P~e:ce, Florida ' ~ - ~~Z'~32 3 , z ' ~ ~ :j ~ . . . , Fi~EO ~?NO aECOaoEb ~ ` ~ ~ This Instrument Prepared By Richard K. Kay+es ST.lUC1E COUNtr FLA. First Federal Savings 8~ Loan Association ItOGEF. P01TR~S ~ of Fort Pierce ~ Florida CLERK Ci7CU1T COUpT ~ ~ RECORD VEN:FIEO =F ~ Checked By ~'3 312 PM .y ~ ~fl~ ~ ~ .~F - - - ~ _ v ~ ~ ~ ~ J ~ ~ ~ ~ ` ~ ~ " ~ ~ ~ 4.=~