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To pl~c• a.+d ca+~~nuou~l~ ?a~p on ~M b~~ J~~,p~ .ww a hNe~1~M ~~wne on ?~~d ~~nd ~•+d on cq,,~peem ~nd pMSO~aIt~ coYaed bll thi~ r~a p~. w~~A ~11 q~nuvmf ~ht~sw~ W~d ~n ivll, Ine ~m~~~~t• ~n ~hc ~•wi •~.~d.,d Po~K~ Io~m. ~n a•v~n t~.~~owd b~ ~h~ JNORIGAG[E. w~~~o ~~~w~nc~ in tM wwl usnd•.d pa.cy la~n. • wm a~.~HO.~d t~~ ~M MUitIGAGEE. i~ wcA ca~pMr a co~np~n~ as tlv MORiGAGEE m dneu; Md ~11 fN~ ~r.d w,od?arm i~wr~nc~ po:K~es on •ny ol f~~d bu~id~~qi. ~ny i~t~re?t +?«~n+ w pa~ tFK~eol, in tM pqreya~e wT alaeud i~ eiceu ~he~col. ~MII conrau~ ~M ww1 ~~~~~dud mor+g.pe~ c~ause a+vcA orM. d~~?~ a ~M N1w~p~pe~ m~y r~qv.~~. ~\~r+p ~o~s und~. s~'d po u~s. fKA ~nd every. p~rab~~ W i~~d MORIGAGEE ~f ~1~ ~ntcres~ maY wpeu. ~r~d cach u+d ~ve.y ~~c1~ po'~cy ?h~il b~ p.ompuy pned •nd dei~ve~ed ~ •ny held b~ N~d 1NOR~GAGEE at Ivrd~ ~ecv~~t~ ~o ?~id mor~9~fla d~bt. a~d. no~ lea tMn t~n 1101 d.~~ i~ ad+ance o1 tM eip~r~~wo ol e~ch pol~cy. ?o d~ I~w? lo Nid MORTGAGFE • rMew~l tMrwf, ~o~t~hn with a rece~pt la ~he pr~m~um ol s~th r~ne~al; and ~Mr• ~MlI 1» na L~e o+ w~~~d+~o~m inaur~e~t p1~c~d on any of Nid build~nps. ~n~ inter~al thae,e or pa~~ tl~ereof. untest in th! !wm ~nd w~th tM io» pay~b~t ai ~fatf~id: ~r+d io ~M evs~~ •ny w~ of rtqnty becorn~s p~Yab:e under such policy a poLues ta~d MORiGAGEf fhall haw ihe op~~on to ~ecrive and ~ppiy fhs fame on acco~m ol ~h~ indebtrd neu securad Mr~by w 1o pe~mu ~id MORTGAGORS to teceive and use i1 w any part tl~erro~ lo. o:i,~~ {;urEOaa•s. v.~~lw~l ~hr.~~ wa~~~,3 ur ~,~~p..~• ~ny ~ny eq~~ty, lien o~ r~qhe under a by vi~tut ol this mor!q~e: ~nd in tM •vent u~d MORTGAGORS sMll ta any reawn (ail to keep ~he sa~d p~emisrs w ~nsured, or fail b dtliver prompHY ~~y of sa~d po~~c~es of insurante to u~d MORiGAGEE, or fail promptly to pay fv~ly any p~e~T~um therefp a~~ +~r respacl 1~~1 1o perfwm, d~uharge, exec~ts, elfect. tompiete, comply wi~h and abid~ by th~s covenaN, a any part hrrcol, sa~d MORTGAGEE may p~+ce •~~d pay tw such iMUranc~ w any parl thereol wi~hovl waiviny a alfettinq ~oy option, litn. eqwty, or right unde~ w by virtw of ~his Mw~pa~e. and ~ht f~ll amount o/ aath ~nd ~vtry suth payment shall be immediately dw and psyabl~ and shall bear interest irom tM daN thereof until pad ~t the rate ol nirK per ctntum per annum and ~o~ethe~ w+th such interest shaU be srcured by tht lien of this mort9age- 1, To psrmit, commit or suf(er no waste, impairment a deteriwa~ion of sa~d property or a~y paN thereof. 5. 7o pay all ~nd sinpuln the costs, charges and expe~ses, includ~ng a reasonable atto~ney's fee ar+d costs of abitracrs o( title, i~curred or paid at any time by said MORTGAGfE, because w in the evenl o( tlx fa~lure on 1Fx part of the said MORTGAGOR to duly, promp~~y i::d fulty p~r(wm, d~uharge. execute, effect, camptete, comp~y with and ab:de by each and every the stipulana~s, agreements, condihons, and covenants of sa~d p~an~ssory note and this • mortgaye any o~ e~ther, arui saK! cosn, charges and eapenxs, eac~+ and everv, shall be immedia~ety due and payable; whether or ~ot thae be ~o~ice d~ mand, anempt to coUett a wit pending; and the full amo~nt of each and every svch paymem shall bea. interest from the date thereof until paid a1 the rare o~ nine per centum per anuurn, ant! all said coste, charges and expenses incurred a paid, toge~her w~th such interest,'shall ba setu~ed by 1F?e lien of this mottgage. 6. Tha~ (a) in the event of any breach of this Mortgage or defaul~ on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein referred 1o be not promptly and fully paid within lhirty (30) days next after the same severaily become due and payable, without demand or no~~ce, or (c) in the event each arxl every ~he stipvla?ions, agreements, condrtions and covenants of sa:d promissory note and th~s mortgage a~y a either are nol iuly, promptly and fully pe~famed, d~xharged, cxrcuted, etfected, completed, coenpl~ed with and ab~ded '~y, then in either or ~ny such evem the sald ag- ~regate sum mentioned in said promisswy note then remaining unpaid, with inre.esl accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at 1he option of sa~d h10RTGAGEE, as fully and complefely as ii all of the said sums oi money were org~~+a~~y st~pulated to be paid on such day, a~ythirg in sa:d prom~ssory note or in fhis Mortgage to tFx contrary notwithstanding; a+ed thereupon or thereafter at the oplion of said MORTCaAGEE, withoul nOtite or demand, suit at law w in equity, there(ore a thereafter begun, may be prosetuted as if all nwneys setured hereby , had matu~ed pr~or to its institution. 7, lhat in the event that at ihe beginning of or at any time pending any suit upon this Nbrtgage, o~ to fweclose it, or to reform it, w to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Cou.t having jurisd:ction thereof for the appointment of a Receiver, such ~our1 shall forthwith appoint a receiver of said mortgaged property all and singutar, inct~dmg all and singular the income, prolits, issues and revenues irom whatever source derived, each and every of wh~ch, if being expressly understood, is hereby mortgaged as if speciiically set iwth and dewibed ir+ the g~anting and habendum cla~ses hereof, and such Receiver shall have all the broad and eifecNve funct~ons and puwers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a ma~ter of absolute rigAt to said MORTGAGEE, and without refererxe to the edequacy o~ inadequacy of the value of the prope.ty mortgaged or to the sorvency or ~nsolvency ot said MORTGAGOR w the defendanb, a~d that such re~ts, proiits, irxane, iuues and revenues shall be applied by such Receiver according to the ~ie~ or equity of said MORTGAGEE and the practice of such Court. ~ 8. To duly, promptly and fully perform, discha~ge, execute, effect, complete, comply w~th and abide by each and every the stipulateons, agreements, conditions and covenams in sa~d promisswy oote and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ,ti',ORTGAGEE, its succeuors and assigns, may, wiihout notice to the MORTGAOR, deal with such successor or successor in interest with reference to this r. o~tgage and the debl hereby secured in the same manner as with Aflortgagor without in any way vitiating or dixharging the NbrtgsgOrs' liability herr ~nder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance o~ the part oi the MORTGAGEE a its successors ~ or assigns and no extenswn of the time fw the payment of the debt hereby securec! given by the MORTGAGEE or its successors or auigns, siiall operate ro release, dixharge, modify change or affect the orig;nal liability of the MORTGAGOR herein, either i~ whole or in part. 10. It is spec~fically agreed that time is of the esse~ce of th~s contract and tha~ no waiver of any obligat~on hereunder a of the oblgatan sr cured hereby shall at any time thereafter be held to be a waive~ of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the foreco:ng monthly payments of princ pal and intzrest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mo: tgagee with each monthly payr,~ent an add~~ional sum est~mated by mortgagee to be equal to 1% 12 of the annual cost of the follow- y ~ng: ~ A-All real property taars levied or assessed agai+~st th~ above described real estate. ~ B-Premiums on fire and windstorm insurar.ce as herein requ~red to be canied on t`~ :mproveme~ts situate on the above described premises. - C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from. time to tirne deem fit to carry on the loan secured he~eby. I i Mortgagee sfiall from time to t~me notify mor~gagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and i Fayable on the due date of the next monthly payment and each successive mo~th thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ a~~o~nt. Such sums shall be applied by mortgagee toward th~ aayment of real property taxes; insurance prem~ums, aixl mwigage guaranty insurance premiums. • WIiNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a r first aforesaid_ ~ Seaipd and deliver 'n e esence of: . . ~ a~ - elmut P. Wales ~~an ; ~ (Sea4 Elisabeth Wa es ~s~an STATE OF FIORIDA ~ St . Luc ie couNn oF " " Helmut P. Wales b~ Befwe me personally appeared ` a^d Elisabeth Wales • his wife, to me well~ ~ a+~e to be rhe individuals described in and who executed the for oing instrument, and acknowledged before me that they ex}t~+~~I,.~~ ;~Y~6' ~qs` r'pu?poses Elisabeth ~ales ~;Y • c~° rherein expressed. And the said •~.t---~--i~ Helmut P. Wales ' " ' ~ w~fe of the said - `~Pbn a M~sr~Slt~d private examinaYwn by me taken separate and aparf from her said husband, atknowledged to and before me that she exeNtedtsi~~trumeof" tralJy ~d volurr ~ ~a-ily and without any compulsion, ccnstraint, appre s' w fesr of w from her said husband. f A i ~ `::j;:: 72 WITNESS my hand and official seal thi day of ' ~t: 19 • _ ~ ~ Notary Public in and fot the 51aK ' My Commiu~on expiress • ! t%~ . ~ Retum To: First federal Savings b toan Assouat~on NOTARII PUBIIC, STATE d FLORIDA ~t UIR6E - Of Fort P~erce. MY COMMISSION EXPIRES SEPi. 25, 1975 Fort Pierce, Florida ~ded By 1lmerian Bankers Insunnce ~:o. . I FIL~~ AMQ RE ~I18~~ This Instrument Prepared By John W. Collins S~.w iE-COU~ ~ First Federal Savings ~ loan Association ' r. ~,a ~~Ep~C~FPUi1 G~~PT ~l of Fort Pierce , Flo ~ RECORO VE _•~F~~~+r+•~"R Checked By ~ ~ ~ ~il go~K~01 ~~2510 ~zs~r~ ~ . ~ _ , - - - - - _ ~ _ -