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To ptace and continuously kcep on 1he bui'd~ng~ now w hereafeer situate on sa~d land and on a~! equ~pment and personally covered by this mor sge, wuh ail premiums ihercon pa~d in 1ull, firo ins~rancs ~n the viuaf standard policy fo~m, in a s~m approved by ~he MOR+uAGEE, end w~nds~o ~ ~nsurance in the us~al sfandard pol~cy fam, in ~ ium approved by iha MORTGAGEE, i~ such company o~ cort+par.ies as the MORTGAGEE r++ dhecr, •nd all iiro and windstorm ~nsv~ance polK~es on •ny of sald bu~id~ngi, any in?eros~ therein or part thereuf, in ~he aggregate svm ~foresaid in e~ccess thereof, shall contain the usual seandard moregagae ctause or such o~her clause as the Mortgegee may requ~r~, ma?ing the ioas ~ndre s.?+d po c~es, each and every, payable to said MORTGAGfE as ~ts inierest may appear, and each and eve?y such poi~cy shatl be promp~ly ass gnrd and de~~vtred ~ any held by said MORIGAGEE as (w~he~ seturity to said mortgage debt, and, not leu Iha~ ten (101 days in advance o( the exp~roNon of each policy, ~o d. liver to said MORTGAGEE a renewal thereof, toge~her w~th a rece~pt for the p~em~~m of such renewal; and there shall be ~+o f~re or w~„ds~o+m insuranc ~ placed a? •ny of said buildings, any inferest there~n w pa~t thereof, unless in :he form and wiih the lois psyabte as aforesaid; and in the event any sun of money becomes payab~e u~da such policy w pot~ues taid MORTGAGEE shall hava ehe opt~on to receive and ap~ly the sa~ne on accou:~t o! the indrbted ness secured hereby or to permit u~d MORiGAGORS to receive and use it w any pa~~ ther~~f for omer pw~~~sef. .v~iho„~ fh~•~ur .va~~~~~ .;r ~~„Fa~~ ing any equity, lien or right under or by virrue of this mo:•gage; and in the event sa~d MORTvAGORS shall for any reaso~ fail to keep the sa~d pre~nisrs so . maured, or fail fo deliver promptly any of said po~~cies o( insuronce ro sa~d MORTGAGEE, or fail promptly to pay fu~ty any pre~mum therefo~ o~ in a~y respect fail to pertwm, d~scharye, exe:ure, effec~, complete, comply wi~h and ab~de by th~s cove~ant, w any part hareof, sa~d MORTGAGEE may pisce a~d pay fw such insurance oi any part thereof without waiving or affecting any op~~on, lien, equtty, or riqht unde~ or by v+rtue oF ~h1s Mwtgage, and the ~ ' f~ll ameunt of each and every such payment ~hall be immediately due and payable and shalt bear interest from the da~e thereof un~il paid at the ~ate ot , n~n~ per centum per annum and to~ether with such inrerest shaii be srcured by ihe lien of this mortgage. Z. To pe~mif, tommit p suffer rto waste, impairment w deter~oratio~ of said property ot any part thereof. - 5. To pay all and singutar the costs, tharges and expenses, including a reasonable attorney i fee and costs of abstrads of title, incurred or paid at any time by said MORTGAG:E, because w in the event of the ~a~lure on the part of the said MORTGAGOR to duly, promptly end fully p~rform, d+scharge. ~ exxute, effect, tomptete, comply w~th and ab:de by Qach and every the stipula~~ons, agree~~ents, condition~, and covenants of said pro+nissory ~ote and th~s ; rno~tgage any or e+ther, and sa:d costs, charges and expenses, each and every, sha:l be immediately due and payable; whether o? not there be no+~ce dr n,and, attempt to collect or suit pend~rr~; and the full amount of each and every such payment shall bea. inrerest from the date the~eof until paid at t~e r.~tz o; nine per centum per annu~r, and afl said tos~s, charges and expenses incurred or paid, togelher ~v~th such interest, shall be secured by the lien of thi~ mortgage. 6. That (a) in the event of any breach of this Ma+t9age or default on the part of the MORTGAGOR, or (b) in the event any of saEd sums of money herein referred to bs not promptly and fu~~y paid within th~rty (30) days nzxt airer the same severatly become due and payable, wi~ho~~ demand o~ not~ce, or (c) in the event each and eve~y the stipulations, agreements, conditions and covenants of sa:d promissoiy note and th~s ma~tgage any or e~~her are not iu:y, promptly and 1ulty performed, d:uharged, execured, effecred, compteted, compGed with and ab~drd 5y, thrn in either or aoy such eveM the sa~d ag ~~egate sum mentioned in said promiuory note then remaining unpaid, with interest accrued, and ail moneys secured hereby, shall become due and pay- ab;e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were or~g~nally st:putated ro be pa7d on wch day, anything in sald promissay note w in this Mortgage to the comrary notw~~hsta~d~ng; end thereupon or thereafter at the opt~on of sa-d MORTGAGEE, without notice or demand, suit at law w in equ~ty, therefore w thereafter begun, may be proseculed as if all moneys secured hereby n_d matured pnor to ~tf institution. 7. ihat in the event that at the beginning of w at any time pending any suit upon this Nlortgage, w to foreclose it, or to reform it, or fo enforce payment of any daims hereunder, said MORTGAGEE shall apply to the Cour~ ha~~ng jur~sd~crion thereof for the appolntment of a Recerver, wch Court shail forthwith appoint a receiver of said mortgaged property all and sirgu~ar, inctvd~ng aIl and singular ~he income, prof~ts, issues and reve~~es fror.~ whatever source dxrived, each and every of wh~ch, it being expressly understood, is hereby morrgaged as if spec~(icaily sN forth and destrib~ef in the g~an~ing and h3be~~dum clauses hereof, and such Rece~ver shall have aIl the broad and effective fvnc~,ons and powers in anyw~se entrusted by s Court to s Recciver, and s.,ch appointmem shall be made by such ~ourt as an admitted equify and a matrer o( absolute Nght to said MORiGAGEE, and withoul reference to the adequaty w inadequacy of Ihe value of the property mortgaged or to the so~vency or ~nsoi~ency of said MORiGAGOR w the defendants, and thot such re~rs, profits, incane, issues and revenues shall be appl~ed by such Receiver accordmg to the lien or equity of said MORTGAGEE and the pract~ce of such Court. 8. To duly, promptly and fully perform, d~scharge, execute, effecf, comptete. comply w~th and abide by each and every the stipulatio~s, agreements, conditans and covenants in sa~d promisso~y note and this mortgage set forth. 9. That in the event the ownership of the martgaged premises, w any part thereof, becomes vested in a perw~ other than the MORTGAGOR, the ,ti1p~TGAGEE, its successors and assigns, may, wirhout notice to the MORTGAOR, deai wnh such successor or successw in interes~ with refere~ce ro this n.or~gage and the debt hereby secured in the same ma~ner as with Mortgagor without in any way vitiating w d~scharg~ng the Mo:tgagori liability herc ~:nder w upon the debt hereby sacured. No sale of the prem~ses hereby mortgaged and no forbearance on Ihe part of the MOR7GAGEE or its swcessors or assigns and no extens~on of the time ior the paymenr of fhe debt hereby secured given by the MORTGAGEE or its successors or au~gns, altiall operate :o release,~d~uharge, modify change or afiect the original liab~lity of ~he MORiGAGOR herein, either in whole or in part. 10. [t is specifically agreed that time is of the essence of this co~tract artd that no waiver of any ob;igation hereunder a of the obligation sr cured hereby shalf at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to ihe forego:ng monthly payments of princ pat and interest requ~red by ihe promisw?y no!e secured hereby, mortgagor covenants ~^d agrees to pay to mortgagee v~ith each monthfy payrneM an addr.onal sum esnrt~ated by mortgagee to be equal to 1; 12 oi the annual tost of the follow- '1 j: j I E A-Alt real property taxes tev~ed or assessed agai~st the above described reaf estate. ~ B-Prem~ums on fire and windsto~m insurarce as here~n reqv~red to be carried on the ~mproveme~ts situate on the above described ~remisrs. E C-Premiums on such mortgage guaranty insurance as mortgagee shall from. t~me to time deem fit to carry on the loan sec~red hereby_ g Mwtgagee sha!I from time to t~me norify mortgagor i~ writ~ng of the amou~t due and payable hereundar and such s~m sha(1 thereupon be due and ~ c 3yable on the due date of rhe next momh!y payment and each successive month thereafrer ur.~il mortgagee shall notlfy mortgagor of a change in such ~ a-,ount. Such sums sFai! be applied by mortgag?e toward the payment of real properry taxes, insurance prem:ums, a~~d mwtgage guarenty insurance premiums. . s IN NESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and ear first afqesai . ~ Si , esled aryA,!leliv~r : the presence of: / ~ ~ Gc.f-' ~G V $eal) 6 L--t-~c_-n_C. C~ p • ~Y I (Seaq ~ - ~ _ _ (Seaq ~ ~ Dy - ~a ~ ti:~!/+~j,: • ` > S+ATE OF FLORIDA 1 ~ ~ :~~l, ~ } r ~ COUNTYOF St• Lucie._~ ~ , ~ Before me penonally appeared Joseph D• FOy a~ ~ Ann M~ FOj/ his wife, to me well known and knpvn~ tp~rrle to be ~ tfie individuals desaibed in and who eaecuted the fwegoing instrument, and acknowledged befwe me that they executrd the same fof; tb~ pvrposei n rhe~ein expressed. And the said AAII M. FO~I -~T_ y ' Q' yvife of the wid Joseph D• r'O)I ~ ~ upon e separafe eAd,~~ ~ a..-- examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumem freely:i~l.vp~wa! • ~ ra•,iy arxl without any compulsion, constraint, apprehens~ or fesr of a from her said husband. s` WITNESS my hand and official seal this G~, day of ~=Ch A. p. lq 72 ~ , : ' ~ ~.,'1~n.• * ~ ~ Notary Public in and for the State of F{orida at large My Comm~ssion expires: ; ~ % % i . • 4' 7 ) ~ Return To: Firat Federal Savings 3 loan A~sociat~on : O( Fo~~ v:erce. fILED AMD RECORpEp i _ _ ST. IUCiE COUMTt f~A. + _ Fo~t Pierce. Flor~da ROCER POIiRA` a CI.ERK CIRCUIT COUAT ( ' RECORO YE~,i1E0 ~ ° ~ ; This Instrument Prepared By= Jobti W. Collins ~~8 ~1 ZS ~ M1~ First Federal Savings & Loan Association ~ of Fort Pierce ~ FlOZida • 2;~6350 ~ Checked By~- - D~~ P116E~~~ _ 8 - - - - ~ ; ~ - - = T - ; . - ~ ~ ~ ~ ~ ~ = ~