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To place and continuously keep on the bui!d~ngs now o~ hereafrar situste on sa~d land and on a11 equ~pmenf and personatly cove~ed by ~h~s mor i ags, wuh all prom~ums ~hereon pa:d in iuli, fi~e insurance ~n the uwal s~a~.dard poGcy form, in a sum a~:pro~ed by the MURtvAGEE, and w~ndsro ins~rance in the usual sfandard pot;cy fo~m, in a sum approved by the MORTGAGEE, in such canpany or compan~es as the h10RiGAGEE R+ d~roct; and all fire and winds~orm insurance po~~cies a? any of iaid build~ngs, •ny interes~ therein or part thereo(, in the agg~ega+e ium ato~esatd in excess lhereof, ihall contain ~he usuat s~anda~d mottga9ee clause or such other clause as 1he Mortgagce may ~eq~.re, making ~he ioss undar se~d po c~es, each and every, payab!e ro sa~J MORiGAGEE as ~~s imerest may appea?, and each and every such po:~cy ahall be prompily ass g~~! and de~~~rred + any held by ssfd MORiGAGEE as furiher sewrity to ~a~d mortgage deb~, and, not Ieu than ten (10) daYS in advance of ~he expi~ahon of each poLCy, to d~ I~ver to said MORTGAGEE s renewal thercof, toge~he~ with a rece~pt for the p~e~nium of such renrwal; and there sha!! be no f~re or windstorin insuranc plated on any of said bvi:dinys, any interest therein or pa~l thereof, untesa in ~he fonn and with the loss payable as atoresaid; and in tht e~ent any s~n of money becomes payable under such policy w policies said MORTGAGEE shall have ~he opt~on to receive and apply the same on accou~» of the indrb~rd ness secured hereby a ro prrmit said MORTGAGORS to receive and use it or any part Mr:eof for orn_~r purpesrs, v.~~ho~t th~•~ or wa~~~ ~3 cr ~^~p.:~~ ing any equ~ty, lien w right under w by virtue of ~his mo:tgage; and in tlie event sa~d MORTGAGORS ahall !or any reason fail to keep the sa~d prem~srs so :nsured, or fail fo det+ver prompdy any of said policies of insuran;,e to said MORTGAGEE, a fail promptly ro pay fuily any pre~nium ~hc~rfor a in a~y ~espect iail to perfwm, discha~ge, exec~te, ef(ect, complete, cornply wiih and abide by th;s covenant, or any part hareof, sa~d MGRTGAGEE may piace a: tl pay tor such insurance or any part thereof withoul waiving or af(ecfing any opNon, lien, equ~ty, or r~gh~ u~der w by virtue of :his Mortgage, and the f;,ll amount of each and e~~eiy suth paymeM shall be immediately due and payabfe and shal~ bear interesl from the date thercof until paid at the rate ol n~ne pe~ centvm per annum and to~ether wifh such interest shali be s<cured by the lien of this mortgage. 1. To permit, commit w suffer no waste, impairment or deterioration of sa~d property o? any part thereof. 5. To pay all and singular the costs, charges and expenses, ~ncluding a reasonab~e a~~orney's fee and costs of abstracts oi tiHe, incurred or pa~d at any time by said MOR1GAGfE, because or in the event of the failure on the part of ~he said MORTGACapR to duly, promptly snd f~lly perform, d~scha~ge. execute, ef(ett, comptete, comply w~th and ab:de by each and every tfie stipulat~ons, agreements, conditions, and covenants of said pro~n~sso~y note and this mortgage any o~ either, and sa~d costs, cha~ges and expenses, each and every, shall be immrdiatety due and payab:e; wheeher o? not thrre be no+~ce dr mand, attempt to cotlect or suit pending; and the fult amount of each and e~ery such payment shall bear interest from the date thereof until pa~d at the r;,ie of nine per centum per annu:n; ane~ all said costs, charges and expenses incurred or paid, together w~th such interest, shall be securad by the I~en of th~s mortysgs. 6. That (a) in the event of any breach of this Matgage or defaul~ on f1~ part of the MORTGAGOR, or (b) tn the event any of sa:d sums of money herein referred to be not prompfly and fully paid within thvty (30; days next arter the same severa:ty become due and payable, wi~hout demand a notice, er (c) in the event each and every the stiputations, agreements, conditions a~d covenants of sa.d promiawry note and th~s mortgage any w either are net iuly, promptly and fu~ty performed, d~schargzd, executed, effecred, completed, comptied w~~h and ab~ded 5y, then in e~rher ar any such event the sa~d ag gregate sum mentioned in said promissory note then rtmaining unpa~d, with irsterest accrued, and atl moneys secured hereby, shall beceme dve and pay- eole forthwith, or thereafter, at the option of said MORTGAGEE, as (ufly and compte~ely as ii all of the sa~d sums of money were or~g~naily st:putated tu be pa:d on such day, anything in sa:d prom~ssory note or in th~s Mortgage to the cororary notw~rhstand~ng; and there~pon w thereaiter at the opeon of si:d MORTGAGEE, withou! notice a demand, suit at law or in equity, therefore or thereafrer beg~n, may be prosecuted as if all moneys secured hereby n>d marured pnor to As institut+on. 7, That in the evcnt that at the beginning of or at any time pending any su~t upon fhis Mortgage, or to fweclose it, or to refwm it, or to enforce paymeM of any claims hereunder, said MORTGAGEE shall apply to the Court having ~unsd~a~on thereof for the appointment of a Receiver, such Co~rt sha~l fcrthwith appoint a receiver of said mortgaged property all and singular, inci~d~ng alt and s~ngular the income, profrts, issues and revenves from whateve? sourte derived, each ~nd every oF wh~ch, it being expressly undersrood, is hereby moregaged as if spec~fically set ferth and destribed in Ihe granting and habendum davses he~eof, and such Receiver shall have afl the broad and effective funcr ons and po.Yers 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 matter of abso:ute right to said MORTGAGEE, and without reference to the adeqvacy a inadequacy of the value of the p~operty mwtgaged or to the so.vency or ~nsoivency of said MORTGAGOR or the defrndants, and that su:h renis, profits, incam, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, discharge, execute, effect, cornplete, comply with and abide by each and every the stipulations, agreemrnts, conditions and covenams ~n said promissay note and th;s mortgage set fath. ; 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vesfed in a person other than the MORTGAGOR, the '~'.ORTGAGEE, its successors and assigns, may, without nof~ce to ~he A10RTGAOR, deal with such successor or successor in interest wirh re(erence to this morrgage and the debl hereby secured in the same manner as with l:tio:tgagor wi:hout in any way vit~ating or d~scharging the lAortgagors' liability hero- ~,nder w upon the de6t hereby secured. No sate of i1~e Fremises hereby mortgaged and no forbearance on Ihe part of the /JIORTGAGEE or its svccessors or ass~gns and no exrens~on of tF.e time for the paymenr of the debt hereby secured give~ by the MORiGAGEE or its successws or ass:gns, shall operate ro release, d~xharge, modify change or affect the origmal liab~lity of the N.ORTGAGOR herein, either in whoie or in pa~t. 10. It is speufically ag~eed that time is o/ the essence of this contract and that no waiver of any obtigat~on hereunder or of the obligation se- cured hereby shali at any time thereafter be he!d to be a waiver of fhe terms hereof or of ttu instrument secured herby_ I l. In add;tio~ to the Fwego'ng month!y payments of princ pal nnd inferest requ~red by the prom~ssory no!e secured hereb~, mortgagor covenants a~,d agr~es to pay to mo-rgagee w~th each monthfy pay~.:ent an add~r~onal sum esf~mated by mortgagee ro be equa~ to 1, 12 of the annual cost of the follow- ~ng: A-All rea: property taxrs levied or assessed aga~~sst tho above describ~d real estate. 6-Premivms on fire and windstorm ins~rance as here~n requ:red to be ca.~ied on the ~mprovements situate on the above descr~bed premises_ C-P~em;ums on such mortgage guaranty ir.surar,ce as mortgagee shall from t:me to ti.ne deem fit to carry on the ban secured hereby. Mortgagee sha!I from time to tlme notify mortgagor ~n wr;t~ng of the mr.ount due and payab~e hereunder and such sum sha~l thereupon be due and 4 :.avab!e on the due dare of the next month!y payment and each succeu~ve mo~rh thereafter ur,ri! mo~ a ee shall notify mortgagor of a change in such t a- o~nt. Such sums shail be applied by mortgagee toward the payment of real property taxes, insur nce prem:ums, a~ origa guarant ' surance c~emiumi. ~ IN WITNESS WHEREOF, the said MORTGA has hereunto set his hand and seal the day y r first i ~ Signed, Sealed and del' ed in preunce f: (Seal) ` t~ . S lf ~ ~ t5eeq ! _ - ` (Seal) t z - ine C. Schif ~~ai~ ~ \ j 5~ ATE OF FIORIDA ~ ~ St . Lucie ~ ; couNn oF ~ Befwe me ~~~~uy appeared Donald G. Schiff ,,,d ~ Pau 1 i ne C.__ SC~] lf f his wife, to me well known and known to me to be thz individuals dexribed in and who executed the foregoing instrument, and acknowledged before me that they execwed the same fw the purposes ? rhere~n expressed. And the sa~d Pauline C.~chiff y w~fe of the said __DOildlt~ Ci. Schiff upon a sepattt~_~ priv~t~ _ >xam~nat~on by me ta4en separate and apart from her said husba~d, acknowledged ro and before me that she executed said instr~q~~t freely,ant~ vpluo- ~ ranty and w~thout any campulsion, constreint, apprehen ' w fear of w from her said husband. ' ';,s'~• t. ~ ~ March ~ a WITNESS my hand and official seal this day of , ~ ~ ' t_ N ary PubGc in and f r t e State oi Fbrida ~f tarye i j My Commiuion expires: • ; ~ ' Retum To: ~ ~ Fi~st Federal Savings E toan Assoc7at~on i`lO7ARY PUSLiC ST`.~ FLORInA AT IA~' t~Y C'~'.,i.'.!:: i.^,i~l ~~,t:: t''. s. 2; 1gT3 - _ Of Fort P,erce. GENE't:.~L iir~il:~.'t::C~ tl::'i=ii'sr~;IT~.Y$. jt~I~. Fort Pierce, Fiorida ( ~~i 2~2543s ~ ~ ~ { ~ FILEO Atl'J RECOfiOED This Instrument Prepared By Richard K. Ka.yes !?T.IUCIE COUNTY FL~ s° First Federal Savings 8 loan Association ROGER ?OITR~S ~ of Fort Pierce ~ Florida CLERK Gt~.CUtT COUItT REC4RD VE~~FIED~ Checked By Y•~ ~ 3 3 12 P~1 ~ I Z NM h i 8~i(~ ~ ~ _ ~ . . _ . 1?4~~_ _ ~