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To plece and cw+~inuously keep on the bu1'd~ngs norv or hereafrer s~r~ate cn sa~d land and on a!I eq~ipment and personaliy covered by this mor sgs, with all premi~ma thereon pa~d in f~il, fue insuronce ~n ine uwal sto„d~rd po'~cy form, in s s~m approved by the A10RfGAGEE, and windsto insurance in the usual standa~d pol:cy fam, in ~ sum a~proved by the A10RTGAGEE, in tuch tanpany o~ companies as the MORTGAGEE m direct; and aU fire and w~nd~rorm insurance po6ues on any of sa~d b~,i~d~~:gs, any interest ~herein or part the~eof, in the aggregare sum aforesaid in exces~ ~hercwf, ihall contain i}+e usual sfanda~d mortgagee ci~use o~ such oihe~ clause ~s the Matgagee may requ,ro, makinp the ios~ under ~a~d po , des, each and every, payab~e to sa~d MORTGAGEE as ~ti imcrest may apprar, and each and every wch po!~cy shatl be prompfty ass 9ned a~+d detivered ~ ' any held by said MORTGAGEE as (ur~her security to said mortgege debi, ar~d, not leu than ttn (101 days in ad~ance of the ex, iration of each potity, to d~ Gver to sa~d MORiGAGEE a renewal thereof, togerher wiih a rece~p~ fu~ the prrm~um oi wch renewal; and tFwre shall be no i~re or w~nds~orm insurar+c placed on any of said build~n9s, any interest therein or part thereof, unless in the (orm and w~th the loss payabfe as aforesaid; and in the event a~y sun of money becomes payab~e uoder such policy or poGciea said MORTGAGEE shalf have ~he opt:on to rece~ve and appty the same on accauM of the indtbted neu secu~ed hereby or to permit said MORTGAGORS ~o receive and use il w any par~ ~hr:eof io. osn~,r puiposes, v.~~hout ~hr.eu~ wai~~ r~ or ~mpair ing any equity, lien a right unde~ a by virtue of thia mo:'gage; and in the event sa~d MORTGAGORS shall fo~ any reason fail to ktep ~he said premises so , insured, or iail to delive~ promptly any of wid pol~cies of insurance to sa~d MORTGAGEE, o~ fail promptly to pay fully any p+e~niu~n therefw or in anY ` respect fail ro perfwm, discharge, execure, effecl, tomplerr, comply w~th and abide by Ih~s covenant, or a~y par/ hrreof, s,id MORTGAGEE may place and ~ pay fa such insurance or any part thereof withou~ waivirw~ or affecting any option, lien, equ~ty, or righ~ unde~ or by ~rtue of tF,is hlongage, and tht ! f~Il amovnt of each and e~try auch payment shall be immediately due and payable and shall brar interest hom the ~~te thereof un~il paid at the rate ol • nlne per tentum pe~ annum and to~ethrr v~ith such inte~tst shab be sec~cred by the iie~ o( this mortgage. I. To permif, m~nmit or suffer no waste, impairrs~nt or dererioratio~ of said property or a~y part the?tof. 5. To pay all and singular the costs, charges and expenses, ~nclud~ng a reasonable at~orney's fee and costs of abs~ratls of ~itte, incu?red w paid at any time by said MORTGAG:E, because w in the event of the failure on ~ne part of ~hr said MORTGAGOR to duly, p~omp~ly and fully perfwm, d~scharge. execute, effea, comptete, tomply w~th and ab:de by each and every ~he stipulat~ons, agree~~ents, tondition~, and covenants of sa~d promissory note and ihis rnor~gage any or either, and sa~d costs, charges and expenses, each and every, shall be im.:nediately due and payable; whether w not ~here be notice dr rnand, attempt to co:lect or suit pend:n~; and the full amount of each and e~ery such payment shall bear interest fcom the date thertof until paid at the r,,re o~ nine per cenrum pcr an~~um; end all said cu:ts, charges and ex;~anses ircuued or paid, together w~th such imerest, ihall be secured by the iien of thii mortgage. 6. That (a) in the event of any breach of this Morrgage w defautt on the part ol the MORTGAGOR, w(b) in the event ~ny of sa;d sums of money herein referred to be nos pranpNy a~d fully paid withm th~rty (30) days next afier the same severa'ty become due and payable, without demand or notite, or (c) in thr event each and eve.y .the stipu,at~ons, agreements, conditions and covenants of sa d promissory note and th~s mortgage any or either are not iuly, promptly and fully performed, d;scharged, executed, eifected, compieted, compl~ed with and a6ided Sy, then in either or any such event the said ag gregate wm mentianed i~ said promissory note Ihen remaining unpaid, w~rh ~nterest acuued, and a!t moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the oprion of said MORTGAGEE, as fully and completety as if all of the sa~d s~rns of money were originally st~pulated to be paid on such day, anything in sa;d prom~ssory note or in this Mortgage to the contrary notw~rhs~and~ng; and thereupon or thereafte~ at fhe opt~on of sa~d MORTGAGEE, without notice or demand, suit at taw w in equAy, thereFore or thereaf~er bEgun, may be prosecuted as if all money secured hereby nad matured pr~or to ~ts irtstitution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to fwetlou it, or to reform i; or to enforce payment of any cla~ms hereundrr, said MORTGAGEE shall apply fo the Couri having ~unsd~ctdon thereof foP the appointment of s Receiver, such Courl shall iuthwith appoint a receiver of said mortgag:d property all and siru~u!ar, includ ng ail and singu~ar the incomr, profits, issues and ~evenuea from whatever scurce derived, each and every of whrch, it being expressty understooci. is F:ereby mongaged as if spec~lita{ly set fo~th and deuribed in the granting and f,abendum clauses hereof, and s~ch Receiver shall have all the broad and effective funct.ons and powers in anywise entrusted by a Court to a Receiver, e~d s, ch appointment shall be made by svch Couri as an ad-nitted equ~ty and a matrer of absoi~te r~ght to saie~ MORiGAGEE, and without reference to the adequacy o~ inadequacy o( t!,e value of the property mortgaged or to the so,vency or insotve~cy oi said MORfGAGOR or the defe~dants, and that such rents, proiits, incane, isiues and revenues shafl be app;ied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly a~d f~~ly perform, d~scharge, execute, effect, co~.~pleee, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and thls morrgage set forth. 9. That in the evem the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h'.ORTGAGEE, its successors and ass~gns, may, wi~hout ~o~ice to the M,ORTGAOR, dea! with such successor or successw in interest with reference to thii mo~~gage ar.d the debt hereby secured in the same manner as with f.tiortgago. wnhoot in any way vitiating or d~xharging the Mortgagori liability hero- vnder a upon the debt hereby secvred. No sale oi the premises hereby mortgaged and no forbearence on the part of the MORTGAGEE w its suctessws ~ or assigns and no extens~on oi the time for the payment ot the debt hereby secured given by the MORTGAGEE or its successors or auigns, s~wll operate t ro reieax, d~scharge, modify change or affect'the orig~nal liability of the MORTGAGOR herein, either in whole or in pa~t. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder o~ of the obligatron se- cured hereby sha!i at any time thereafter be heid to be a waiver oi the terms hereof or of the instrument secured herby. ' 11. In add:t~on to the forego n9 momh!y paymants of princ pal and interest required by the p~om~ssory note secured hereby, mortgagor covenants ,rd agrees to pay to mo-t9agee v~ith each monthFy pay~ ~erit an add~ronal sum esr~n;ated by mortyagee to be eg~at to 1 j 12 of the anaual cost of the follow- ~ ~n~: ~ A-All real property taxes levied or assessed agai~st thr abo~e desvfbed «al estate. € B-Pr~~miums on fire and windstorm insurar.ce as herein requ~red to be tarned on the improvements sitvate o~ ihe above dascribed premises. ~ ~ C-Prem~ums on such mwtgage guaranty insurar,ce as mortgagee shall from tlme to time deem fit to carry on tFx loan secured hereby. ~ Mortgagee sha!1 ~rum time to time notify mortgagor in writing of the amou~t due a~d payable hereundrr and such sum shafl thereupon be due and c ayable on the due da!e of the re+ct rr:onth'y payment and each successive month thereafter ur,ti! mutgagee shall ootify mortgagor of a change in suth r.•~:ount. $uch sums shaif be applied by mortgagee roward the payment of real property taaes, insurance ptem:ums, and mortgage guaranty insurante ~ n~emiums. ; IN WITNESS Y~HEREOF, the sa~d 1~10RTGAGOR has hereunto set his hand and seai ~he da and ar first afwesaid. ~ ~Signed, aled and de "vered in/~ e prese~ce of: F~LEO AMD RECOROEO S UCTION~ INC ` ~~"u~ n L ~~•~`f'L'2' St.IUCfE COUNTY FIA. aq aa s. an on Presi e~t a~ ~ W ~ tness : ROCE~ ~~~,'RAS s ~ ~ CIERK G1~+CUIT COI7RT,1 - ~ WitrieSS: ~ ~ pFCr,R~ Y~~IfjEp,_,_,~;,_. J la R, ood, Secretary- r~~~sure~` ~ ~ Mat Il i0 ~s AH'~1 _ _ _ - - - - ~ d , ~J~.j ~ ~ -f d~ ;~,'.;~:5'748 ~sratE o~ fio~~? couNnr oF sT. ~uaE ~ t,~_ ~ ;1 HEREBY (~TIFY, That on this day of , A.D. 19 7~ , ~ ' before. me persoiially appeared J8m~e~H- glantOil and F• ~ ~ ~ resp~~i~ql~~~' President and - Secretary~ ~~~*'~r ~ 4;'~# ~ '`Blauton and Wood Construction~ Inc. , Florida _ corporat~an~, io m~ _ _ _ a ;t known to be the persons described in and who executed the foregoing instrument, and severaUy.ackno~ ed tF~exe- ; = cution thereof to be their free act and deed as such officers for the uses and pursoses the~ein mentione~l~ and that tbey - r' effixed thereto the official sea{ of said corporation, and the said instrument is the ad and cieed of :ssid-to+~ofd~~- . r '~-i WITNESS my hand and official seal at Fort Pierce , said county and state. ~ . 4~ This instivment prepared by J. H. Roberts Jr. ` . F af First Federal Savings and Loan Associa~ion ~ °l~ i ~ of Foi°t Pieree~ P102'~d8 Notary Public, in and 4or S te nd County aforesaid. My Commission Expires: /97sJ ~ x~ Checked By~_ ' r~~ y~ BDDK ~?VU P~iG. - 18 e~. _ - _