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To plx~ and continvou~ly ketp on th~ bui:dings now a Mr~afqr Wtua~e on said land and on alI equ~pm~nt ~nd personally cove?ed by ~h~~ mor +9~, w~~h ~11 prsmi~m~ ?hercon pa~d in full, lin in~ur~nce in ~he u~va1 ~ta~dud po1Ky fwm, ie~ a ium •ppro~.d b~ ihe MORrGAGEE, and windsro ~nswu~c~ in tM ~iwt •~andard pol~cy fam, in • ~um approv~d by IM MORTGAGEE, in ~uch company w compan~es as tM MORiGAGEE m ( diretll ~+11 fir~ and windstwm insura~te politie~ oo ~ey of said buiW~nO~, any iMere~t therein or part Ihereof, ;n Ihe ayyr~yi~e sum afpetaid ~n e~cteu tlK?eof, ih~ll co~tain the ~swl standard matpa9N Nws~ o? such othtr clavs~ ~s fM Matyayes miy ~eqwr~, makinp tl~s Ioss u~da sa~d po ~~es, exh and eve~y, payable ~o iaid MORTGAGEE as ils in~ereft may app~ar, a~d each ~nd every tuch poticy shalt be promp~ly ~u yned and de~ivercd ~ sny hetd by said MORTGAGEE as (u~lher tecu~ity Io said mort9aqa d~bt, ~nd, ~ol less 1Mn ten (10) days in advance ot ~he expirafion of each policy, to d~ tEver ~o wid MORiGAGEE a?enewal thsreoi, tope~h~r wi~h a raceipt fa the pr~mium of such renewal; and thero iha0 be no firo or w~ndsto~m insuru+c p~~ced on ~ny of said buildings, ~ny interesl therei~ or p~rt thereof, unless io tF~ fo~m and with th~ loss psyable as atwefaid; ~nd in IM ~v~nt any tun i of mon~y becomes payabte unde~ such potiq w poticies wid MOR1GAGfE shai! havs the opt;on to receive and apply the same on accoun~ of ~r~ ~~debted ness secured he~eby a ro permit said MpRTGAGORS to roceivs and us~ it p any pa~t thereof fo. o~he• purposes, w~rtwat th.~ru/ wa~~~~~g w~n,p~ir ing any eqvity, lien w right unda w by virtve of Ihis mort~pe; ~nd in tM event said MORTGAGORS shall (o~ any reason fail fo keep the said paem;srs so in~urod, w fail ro deliver p?omptly any of said policies,of inwrance to said MORTGAGEE, a fail promptly to pay fully any prcn,ium therefw w in any ' respect lait ro paform, d~xharge, execute, ef(ect, compk~e, comply with +~d abide by this covena~t, or any par~ hareoi, said MORTGAG£E may plsce and pay for such insurance o~. ~ny pan the~eof without waivinQ or affectirp aeryr optio~, lisn, eqwty, w right u~der o~ bv vi.tue of this Matga9e, and ~he full amount of each and every such payment shall be immediately due snd payaWa ~nd thall bear inte~es~, irom the date thcreof umil paid at the rate ol n~ne per centum per annum and to~ether with such interest shalf be se~ured by 1he lien o~ this mpt9age. 1. To permir, commit w suf(er no waate, impairrtknt or deterioration of ~aFd p~opeaty q arty parf the?eof. S. To pay all and singvlar the cost~, cha~ge~ and expenses, ;ncluding s raasonable anomey i fee and costs of abstrads of tidt, incurred w paid at any fime by said MORTGAGfE, becavu or in the event of the failure on the paN of the said MORTGAGOR to duly, promptly snd fully perform, d~scharge. execute, effect, complete, comply w~th and ab:de by each and every the stipulat~ons, agreemenrs, cond~tions, and covenants of said prom;ssory note and thii mortgage any w e~~her, and sa~d cosn, charges and expenxi, each and every, thall be immediately due arul payable; whNlx~ o~ not there be no~~ce da mand, attempt to collect w suit pending; and the full amount of each and every such payment shall bear interesf from the data thereof until paid at fhe te o? nme per cenrum pes aeuum; and al! w;d cosrs,~charges and expenses incurred w paid, together with sexh intereat, shall be secured by the lien of this mprtgage. 6. Thst (a) in the event of any breach of this Mort~age w default on the part of the MORTGAGOR, or (b) in the event any of sa~d s~ms of money herein referred to be not promptly and f~IFy paid within thirty (30) days nexf after the same severalty become due and payable, without demand or notite, or (cj in the event each and every the stiputatia?s, agreements, conditions and coven~nts of ss:d p~omiuory note ard th~s mortgage a~y w either are ~01 ~uly, promptly and fully performed, d~scharged, exec~ted, effected, compkted, comptied wirh and abided by, then in ei~her or any such avem the said ag _ g~egate wm mentioned in said promissory note then remaining ~npaid, with interest accrued, and all moneys secured hereby, thall become due and pay- able forthwith, a thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were aiginally s~~putated to be pa~d on such day, anything in sald promiuory note o~ in this Mongage to the contrary notwiths~anding; and thereupon or thereafte~ at the op~ion of sa;d MORiGAGEE, without notice w demarxl, suit at law or in equity, therefore or thereafter begun, may be proxcuted as if all mo~xys secured hereby had matuted prior to i1s institution. 7. That in fhe event that at the beginnirg of or at any time pendirg any suit upon this N4ortgage, or to fweclose it, or fo refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdictio~ therepf fpr the appointment of s Reteiver, suth Court shall Fo~thwifh appoinl a reteiver of said mortgaged property all and singvla~, i~tlud~ng all and singular the ~nc~wne, protits, issues and revenues frwn whatever source derived, each and eve?y of which, it being expreuly underslood, is hereby mortgaged as if specifically set forth and desuibed in the g.anting aod habendum clauses hereof, and such Receiver shal) have all the beoad and effective funct~ons and powers in anywiu entruated by a Court fo a Receiver, and soch appoinrment shall be made by such Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and without reference ro the adequacy w inadequaq of the value of the property mortgaged or to the wlvency or insolvency of said MpRTGAGOR or the defendaros, and that such ~ re~is, profits, income, issves and revenues sFwU be applied by such Receiver according to the :ie~ a eqvity of wid MORTGAGEE ar~d the p?adice of sucF~ Court. 8. To duly, promptly and fully perform, diuharge, execute, effect, complete, comply wi~h and abide by each and every the stipulations, agreements, conditwns and covenams in sa~d promiuwy no*e and this mortgage set forth. 9_ that in the event the ownership of the mortgaged premises, o~ any part tFxreaf, becomes vested io a pe~son other thart the MORTGAGOR, the M.ORTGAGEE, its succeuws a~d assigns, may, withoW notice to the MORTGAOR, deal with such successor w successor in interest with ~eference to this mortgage and the debt hereby secured in the same mannet as with Mortgagot without in any way vitiating p diuharging ihe hbrtgagors' liabiiity hera under a upon the debf hereby secured. No sak of )he premises hereby mortgaged and no forbearante on the part of the MORTGAGfE or its sutcessors or augns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successots or auigns, shall operate io release, discharge, modify change a aifect the o?iginal tiab~Iity of the MORTGAGOR herein, either in whole a in pa~t. i0. It is specifically agreed that time is of the euence of thes contract and that no waiver of any obligation hereunder or of the obligation se- cu~ed hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. ln addition to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgago~ covenanfs and agrees to pay to mortgagee with each monthly payment an addiriasat sum estimated by mwfgagee to be equal to 1/12 of 1he annual cost of the follow- ing: A-All real ~operty taxes lev~ed a aasessed against the above desttibed real estate. B-Premiums on fire and windstorm insurartce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mwrgage guaranty insurarce as mutgagee sha11 from time ro time deem fit to ca~ry on the loan secured hereby. Nbngagee sFail from time to time notify mortgagor in writing of the amount due and payable hereundar and such sum shell thereupon be-due snd payable on the due date of the next monthty payment and each successive month thereafter ur,til mortgagee sha11 not~fy mortgagw of a cF?a~ge in wch amount. S~ch sums sF.all be applied by mortgagee toward the paymeM of real pr~iry taxes, insurance prem:ums, and mortgage gua~anfy..:y_Kypnce p*emiums. ~i ~pql~~°~b ~ WITNESS WHEREOf, the said MORTGAGOR has hereunto ut his hand and seal the da ~ y year first af e r, ~1i~ Sgned. Sea a in tfie or: RRYWE ~ BY : - ~!~,trr' c~t?~.~' c . . ftLE~ AND RECOR t " ~ • ST. lYC1E CBUN'~Y ~ eon Pr~s ~ • a ROCER POITRA~ ? pTT T ~ CtEqK CIRCUIT COURT~ ~ ' RECOaorEa~F~EO~~~r~r~,n~ lanc e Peoni, ~ac~te~suc~t:~=~`- ~.::q .cs•. ~ SiATE OF FtOR1DA • r~~'~•. _ - - ~ ~ ss.9 0! AN'ZZ L . ~ STATE OF FLORIDA . ' COUNTY OF ST. LUCtE ~ ~ 1 HEREBY CERTIFY, That on this 18th day of Apr il , A.D. 19 72 , ~ before me personally appeared -~oseDh Peoni and Blanche Peoni respectivety d5 President and Secretary , of Merryweather Investment Co., Inc. ~ a Florid~? Corporation, to me known to be the persons described in and who executed the foregoin~ instrument, and severally acknowledged the exe- cution fhereof to be their free ad and deed as such officers for the uaes an~,p~rsoses ; fherein mentianed; and that they affixed thereto the officiat seal of said cor ration and the said irl=trumt , ( P° ~ _ at .im ttie 3~f. and deed of said corporation. i ~ : - WITNEU my hand and official seal at Fort Pierce "=said.toy}? -~nd state. - 1-r- _ ;t This instrument prepared by ~ = John W. Coilins Notary ' ubf~,~.n -~,~fpr State and un a F ir st Federal Savings and Loan My Commiasidq ~iip~resc ~ ~~~~a uttcE Association of Fort Pierce, Florida . Y~ ~M~~~~ a~RES SEPT. 25, 19~5 ~ By M~erian Bankers insur~nce ~.o. $wr'~'ri _ r, ~ ( ~ - - - - u~