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To place and cont~nuously keep on the bui!ding~ now or hereafter sitwte o~ sald iand and on ai{ equ~p~nent and penonaliy covere.~ by th~s mo~ sge, w~th all premiums ~hereon pa~d in full, firc ins~rance lo the usual s~andard po~~cy form, in s s~m approved by ~he MOR~GAGEP, a~~d windsto ~nsurence in ehe usual sfandard pot:cy form, in s surn approved by ~he MORTGAt;,EE, in such con,pa~y or co~npan~es as the MORTGAGEE m d~recl; and all fire and w~ndstorm ins~rence polic:es on any of sa~d build~ngs, ~ny iMerest therein or part the~eof, in Ihe aggrega~e sum afaesaid in ea<ess theroof, shall contain ~he us•:al standard matgagee clause or ~uch o~hev c~ause as the Mortgagee may rcy~~te, making the iosa undrr ia~d po cies, each and every, payab~e to said MORTGAGEE as its interest may appear, and each and every svch po:~cy shaii be p~ompUy ass gned a~~d de~~vered ~ eny held by sald MORiGAGEE as (ur~her security to sald mortgage debf, and, not less than ~en (10) days in ad+ance oi the expira~~on of each po~~cy, to d. I~ver to sa~d MORTGAGEE a renrwal thereof, toge~her with a rece~pt for the prem~um o} iuch renewal; and there shall be no f~re or windstOr~n iniuranc placed on any of sa~d tw~id~~gs, any inreres~ thcrein a part thereof, untess in the (orm and with the ~oss payable as aforesa~d; and in the eYen~ any sun of money bccomes pa~rable under such policy a poUues said MORTGAGEE ~hall have ~he opt~on to receive and appty the same on accoum o1 the indabtrd n°u secured he~eby o~ ro permit aaid MORTGAGOQS to recrive and use i1 or any pa~t thr:eof to~ o:hcr pur~~oars, v.~~hout ~h~~~b~ .va~+~~3 0~ ~~~~p~~• ~~g any equ~ty, t~en w right under w by virtue of this mo:~gage; and 'en tF?e event sa~d A10RTGAGORS shalt tor any ~eason fail to keep ~he sa~d p.emisrs so ~nsured, o~ fail to delrver promptly any of said poGc~es of insurance ~o ss~d MORTGAGEE, o~ fa~! promptly to pay fully any prem~um therefor or in a~y respect fail to perfwm, discharge, execute, effect, complete, comply wi~h and abide by this covenant, or any part hrreof, said MORTGAGEE may place a~o ' pay (a such insurance or any part lhereof w~thout waiving w affecting any opt~on, lien, equ~ty, or r~gfit under a by virtue of this Moregage, and ihe full amount of each and e.ery such payment shatl be immed~ately due and payable and shall brar interest from the data thereo( um~l p.,~d at the rate of n~ne per centum pe? annum and to~ether with such interest shal~ be srcured by the lien of this mongage. 1. To peimit, commit or suffar no waste, impairment w deterioration of said p~operty o? arty part thereof. 5. To pay all and singular the co~ts, charges and expenses, including a reasonable atto~ney's fee and costs of abstracts of title, incurred or paid at eny time by uid MORTGAG:E, because w in the event of the failure on the part of the said MORTGAGOR to duty, p~omptly and futly perform, d~scharge exxute, etfect, comptete, compfy w~th and ab:de by each and every ihe stipula~~ons, agreements, condirio~s, a+~d covenanrs of said pro~nissory note and ~his mongage any w ei~her, and sa~d costs, charges and e,epenses, each and every, sMll be immed~ately due and payable; whether or not ~here be no~ice dr mand, attempt to collect or suit pend~ng; and the full amount of each and every such paymen~ shall bear interest from the date thereof until paid at the rore oi nine per cantum per anuu:n; and all said costs, charges and expenses irxurred w paid, together wuh such inte.est, shall be setvred by the lien of this mortgage. 6. Thst (s) in the event of any breach of this Mortgege o~ default on the part of the MORTGAGOR, o~ (b) in the event any of satd sums of money herein refmred to be not promptly and fully paid within th,rty (30) days next after the same severa:ly become due and payable, without demand or notice. or in the event each and eve?y the slipulations, agreements, co~ditions and covenants of sa.d promissory r.ote and th~s mortgage an~ w either a~e not iuly, promptly and fully periamed, d~scharged, execu~ed, eifected, compteted, compl+ed w~ih and ab~ded Sy, then in e~ther w any such event the said ag grcyate sum rrKntioned in said promissory note then rema~ning unpaid, with ln~erest accr~ed, and all moneys secured hereby, shall become due and pay abte forthwith, or thereafter, st ~he option of said MORTGAGEE, as fully and comple~ety as if atl of the sa~d sums of money we~e ongfnalty :t~pu:a~Fd ro be pa~d on wch day, anything _in sa;d prom~sswy note or in this Mo~tgage to the co~rrary notwithatand:ng; and thereupon or thereafter at the op~~on o( sa+d MORTGAGEE, withou! notice o? demand, suit at law or in equity, therefo~e w thereafter begun, may be prosecuted as if al) money secured hereby nad maWrcd pnot to ~ts institution. 7. That in the event that at the beginn~ng of or at any time pending any su~t upon this Mortg~ge, or to faedase it, or to reform it, or to enforce paymcnt of any claims her~under, said MORTGA('iEE shall apply to the Cou¦t havi~g junsd~ttion thereof fw the apao~roment of i Receiver, such Court shall forthwirh appoint a receirer of said mo~tgaged property all and singv~ar, includ,ng ail and singu~a~ the income, prof~ts, issues and revenues from whntever sevr~e derived, each and every of wh~ch, it bei~g expressly understood, is hereby mortgaged as if spec~fically xt forth bnd deuribed in the granting and habendum clauses hereof, and such Receiver shall have aIl the broad and effective funct~o~s and pov.ers in anywise entrusted by a Cuu~t to a Receiver, and s: ch appointment shall be made by suth Court as an admitted equ2ty arxl a matter of absolute right to said MORTGAGEE, and witho~t reference to the adequaty or insdequacy of the value of the property mortgaged or to the so.vency or inso~vency of said NtORTGAGOR or the defrndants, and that s~ch ren~s, proiits, incane, issues and revenues shall tx applied by such Receive? accord~ng to the iien w equity of said MORTGAGEE and the practice oE such Court. ~ . 8. To dufy, promptly and fully pe.form, d~scharge, execure, effect, comp~ete, comply w~rh and abide by each and every the stipulations, agreeme~ts, conditions and covenants in sa~d promissory ~ote and th~s mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any p~rt thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and aaslgns, may, without notice to ~he MORTGAOR, deal with such suctesso~ or successw in interes~ w~~h re(erence to this mortgage and the debt hereby secured in the same manner as w~fh bbrrgagor without in any ~vay vit;ating or d~uharging the Mortgagori liability here- under or upon the debt hereby secured. No sale of the Frem~ses hereby mortgaged and no forbearance on the par? of the INORTGAGEF or its s~ccessors or assigns and no extension of the time for the payment of the debt hereby secured gi~en by the MORTGAGEE or its successws or ass:gns, a~iall operate ro rclease, discharge, modify change or affect the original liao~l~ty of tne MORTGAGOR here~n, either in whole or in 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 o~ of the obligatio~ sa c~~ed hereby shali at any time thereafter be held ro be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tioi !o the forego:ng month!y paym~nts of prir,c pal and interest required by the prom~sscry no!e setured he:ebl, mortgagor covenants jnd agr~es to aay to mortgagee wiih each month!y payr.~ent an add~+~onal sum es!:n,ated by mortgagee to be equal to 1, 12 of the annual cost of the follow- ing: A-All real property taxrs lev~ed or assess~d aga~^.st thc above descr~bed reat estate. ! B-Premivms on fire and windstorm insurar.ce as here~n requ:red to be carried on the improveme~ts situate on the abo•+e d:scribed premises. G-Premiums on such mortgage guaranty insurar~ce as mongagee shati from t me to time deem fit to carry on the loan secured hereby. Mortgagee shaft from time to time notify mortgagor in writing of the amount due and payable he~eundrr and such sum sha11 tnereupon be due and ~ ~~yable on the due dare of the next month'y payment and each successive month thereatter uotil mortgagee shall notify mortgagor of a change in such i e-;ount. Such wms shall be appiied by martgagee toward the payment of real property tazes, i~surante prtm,ums, a~tid mortgage guaranty inwrance ~ ~emiums. t IN WITNESS NHERfOF, the said MORTGAGOR has hereunto set his hand and seal the day and year ' st aforesaid. Signed, Sealed and delivered in the presence of: ~ ' ' !~G¢•~2 (Seal) p . an ey (sea~) ° " L~ (sean ; ~~'y-2 . A @Y - (Sea1) 5 € SiAiE OF FLORIDA ~ ~ ~OUNTY Of St• In]Cl@ ~ Before me personally appeared R~Ph W. COnlgy a~ ~ Ma~y M. CiOnle~? his wiie, to me well known and known to me to be x rhe ind;viduals descr;bed in and who executed the fwegang instrument, and xknowledged befwe me that they executed the same for the purposes ~ ~ rherein expressed. And the said MS2'V M. COI 1@y rvlfe of the said Ralph Y~• COnl@y , upon a sepsrate and p~ivate examination by me taken separate and apart from her ssid husband, acknowledged to end before me that she executed said inatrument freely and volun- z ranly and w~thout any compu:sion, constraint, apprehens;ory,~r fear of or from her said husband. ~ a WITNESS my hand and official seal this- ~a3 day of A. D. 19_~ } Notary Publ+ end for the State of Fbrida at Large My Commi expirei: G~ i y ~ s` Return To: ' F~rst Federol Sav;n s 3 loan Associat~on , HaTARY Pt16UC STATF AF "T 1 11RQE 9 ;::h: , ~,•Y rnvtt.t;~^InN EXPIRF^ _ 5 1975 Of Foit P,erce. ' GEfiCt~.:~L INSUtZANCE UNDERYti~flttt,~ IN4' Fort Pierce, Florida 'r-' a~ - q / - 22543'7 O`r 0 1a1~~ . . . ' 3Ss.-.:~ ~ , - .r. Fi~EO ~NO a~coa~EO This Instrument Prepared By ~~q~ E. Braun ~ ST.IUCIE CQUNTY LA. First Federal Savings 8 loan Association _ ROCER POtTRAS II ~ ^ ' CLERK CIRCUIT COUNT'~(n~`~ of Fort Pierce ~ Flo2'ida qECGRO VER~FIE0~~9,~?j ~ Checked By - ~ ~ ~ M~t 13 3 iz PM'7Z ioo ~ . - - - ~ . - - ~ = _ _ ~ _ - . W ,3