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To plac~ and continuously keep on tM bui!d~ngs now w here+hK sit~at~ on said land snd on ail equipme~t and penon+lly cova~d by this ma ags, with ~II premi~ms thereon pa~d in futl, fire i~su~ance in the us~al standard policy fam, in a ~um approved by th~ MORTGAGEE, and windi~o in~~~~nn tn tM usual stu?dard pol~q iwm, i~ a s~m ~pproved by the MORTGAGEE, i~ such company or compa~iea a?M MORTGAGEE n+ dir~ctt and all fir~ u~d w~~dstorm insurance policies on ~ny of said build~nps, a~y int~~s~t thereie? or pah thereof, in tiK apy~ey+te ium aforesaid in ~xceu thereof, shall contain tha usual itandard mortgapee cla~se a.tuth olha tlau~e ~s tM Mwty~ee maY requ'ut, m+kin~ Iht los~ u~der ~aid po c~es, cach ~nd tve~y, payable ro said MORTGAGEE ~s its in~erat may appear, ~nd each u~d every tuch poticy ihall bs p~omptly asi:~ned ~nd delivered ~ any lxld by said MORTGAGEE as turtha sec~rity to isid mortpage debt, and, no1 Itas Ihae? tM (10) days in adwnce ot 1M ~xpir~tion of e+ch policy, to d~ liver ro said 1MORTGAGEE a renswal tl~e~tof, tope~hK with a ~ec~ipt fw the premiwn of svch re~ewal; and there shall b~ no f'a~ w windstwm inswsnt plac~d on ~ny of said buildirgs, ~oy interest the~e7n a part ttKrwf, u~leu in tM form ~nd with ~M toss payabl~ u afa~said; and in tM ~vMf any sun of mon~y becomes payable under such policy or policies said MORiGAGEE shall haw tM optan ro receiw and ~pply the s+me on acco~nt ot tM i~debta! neu secured hereby w ro permit said JNORiGAGORS to receiw snd use it a any par~ thereof fa oThc~ pv.poses, without fh~.eb~ waivi~g w~mpair• ing any puity, lien or riyht w~der or by virtue of this mo:tg~g~j u+d in tM evau sa~d MORTGAGORS sl~all fo~ any reason fail 1o keep tM s+id premises w insured, or f~il to deliver promptly ~~y of said policies of irauranc~ to said MORTGAGEE, a fait promptly to pay fully ~ny premium tl?e~efw w in any respact (ail w pafwm, diuh~rge, executs, effecL complete, comply with and ~bide by thia mvenaM, u any part he?eof, said MORTGAGEE may pl~u and pay fa such ir?suranc~ ot a~y part thereof without walvir+p a affactiop sny optio~, IFM, equity, or riqht u~da o+ by virtw of this Matysp~, and the futl anauM of eacA and evay such paymeM shall be inrnediately dw a~d pay+bk and tMll bea~ interest f~om tM dat~ thereof until paid at the raro ol nine per c~ntum ps~ annum and togetFKr with such intcreat shall b~ secured by 1M IiM of this mortysye. To psrmit, canmit w suffer no waste, imp+irment w deterior~tion of aid property or any p~rf thereof. , 5. To pay all ~nd sirgulu the costs, charqes u+d expe~ues, inclvding a roasonable attwney i fee ~nd cosri of abstrscts of title, incuned w p~id a~ any time by wid MORTGAGEE, becavse a in the event of the failure on tM pa~t of the iaid MORTGAGOR to duty, prompNy ~nd fully pKform, discharg~, execute, effect, complete, comply with and ab~de by ~ach ~nd every the itipulstioro, ~greements, conditio~s, and covenants of s~id promissory note and this mort9aps u?y w eitha. and said costs. chuges and expenses, cach and ~very, sMll be irnrnediately dw and payables whe~he~ a i?ot rher~ be e+otice da mand, attempt to colkd or s~it pending; and the full amount of each end every s~ch p~yment shall besr interest from 1he date tF?ereof until p~id ~t the ' rate of nine pcr centum per annum; and all said costs, charges artd expenses i~cwred w paid, together with wch intsrest, sAall be secured by ths lis~ of this ~ 1 morty~' f 6. ih~~ in the tvent of any b?e+ch of this Mortgay~ w defavlt on the part of the MORTGAGOR, w(b) in the event ~ny of sa~d sums of mo~ey herein refened to be no1 promplfy and fu0y paid within thirty (30) days neat after the same severally become due ~~d p+Yabk. without demand o? ootite. ; or (cj in the event each and every the stipulations, agreemenri, cond~tions and covenants of w~d promiuory ~ote snd th~s mort~~pe any or either are not iuly, promptly and fully performed, d~sch~rged, executed, effected, compkted, compf'~ed with and abided by, then in e~ther or any svch eveM the said ap~ gregste wm mentioned in said promissory note then remaining unpaid, with interest stcrued, and all moneys setured hereby, ~MII betome dw snd pay- ab!e farthAith, ar thereat:er, at :ha oisr;a~ af sa6d MORTGAGEE, as fv!!y a:s3 canp!ately as if sll of the wid svms ef money were wiginally st~pulated ro be paid on such day, anything in said promiuory note or in this Mortgage to the contrary notwirhstanding; and thereupon or the~eafter at the option of said MORTGAGEE, without ratite o? demand, wit at law or in equity, tFurefore or thereafter begun, msy be proxtuted ss if all nwnert secured heteby had matured prior to its institution. Thst in the event that at the beginning of w at any time pending any suit upon this Mortgage, or ro faeclose it, a ro rcform it, a to enforce payment of any claims herevnder, said MORTGAGEE shall apply fo the Covrt having jurisdK~ion thereol for the appointment of • Receiver, such Cou~t sF+~ll forthwith appoint s receiver of said mortgaged propeNy all and singulsr, includ~ng all and singular the income, profits, iuues and revenues from whatever source derived, each ~nd every of which, it being expressly understood, is F+creby mortgaged as if speciiically set fwth and desuibed in the ~raming and habendum dauses hereof, and such Receiver shall Mve all the broad and effective funct~ons and powen in aoywise entrvsted by a Court to a Receiver, and :uch appointment shall be made by such Court as an admitted equity snd a m+tter of absolute right to said MORTGAGEE. a~d without reference to the adequacy w inadequacy of the value of the properry mo?tgaged w to the wlvency w insolvency of said AAORTGAGOR p tMe defendants, and that wch rer,n, profits, income, iuues and revenues shall be applied by iuch Receiver KCOfCJeng t0 1M! (iM W equity of sa~d N10RTGAGfE and ~he practice of such Court. S. To duly, promptly and fully perform, ~scharge, execute, effect, corr~plete, comply with snd abide by each and every the stiptrlatans, ~greements, conditions snd covenants in said promissory rate and this mwfgage set fath. 9. Thaf in the event the ownership of tlx mortgaged premises, o? any parf thereof, becanes vested in ~ persoe~ other fhan the MORTGAGOR, the MORTGAGEE, lri successon and suigns, may, without notice to the MORTGAOR, deal with such svtceuor a successor in interesf wifh reference to this mo~lgage ~nd the debt hereby secured ir~ the same manner as with Mortgagor without in a~y way vitiating w discharging the Mwtgagors' liability here- under or upon the debt hereby secured. No sale uf the Frem~ses hereby mortgsged ~nd no forbearanoe on the pan of the MORTGAGEE or in successws or assigns and no extension of the time for the payment of the debt htreby secured given by the MORTGAGEE or its sucteuors w auigns, shall opetate to release, dixharge, modify change w affect the orginat liability of the MORTGAGOR herein, either in whok w in part. 10. It is specifically agreed that time is of the euence of this contrstl and that no waive? of any obfigatan hereunder a of the obligation sr cured hereby shall at a~y time thereaher be held ro be a wairer of the terms hereof a of the instrumenl secured herby. 11. In add'Aion to the forego:ng monthly payments of princ"pal and interest required by the promissory note secured hereby, mortgagot tove~snfs and a9rees to pay to mortgagee with each monthly payrnem an add~rional sum est~mated by mortgagee to be Equsl to 1/12 of the annual cost of tF~e follow- ing: _ i A-All real property taxes tevied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ;red to be csrried on the improveme~ri situate on the above described premises. j C-Premiums on suth rta?tgage guaranty insurance as mortgagee sha~l from time to time deem fit to csrry on the loan secured Fkreby. Mortgagee shall from tince to time notify mortgagor in writing of fhe amovM due and payable hereunder and s~ch sum shall thereupon be due and t payable on the due date of ~he reext monthly payment and each successive month thercafter ur.til mortgagee shall notify mortgagw of s chan9e in wch ~ amount. Such sums shall be applied by mo~tgagee toward the psyment of real property taxes, insurance prem:~ms, snd mwtgage yuara~fy inwnrue ~ premiums. IN WITNE55 WHFREOF, the sa~d MORTGA R has hereunto set his band and seal the dsy and Signed, Seskd and d'vered i ihe pr of: ~ ~ • 0 i ~ ! ~ v Rochelle K. Land ~ ; ~ STATE OF FLORIDA ` couNtr oF St. LuCie ~ - ~ Ron H. Land ~ Before me petwnslly sppeared ~nd ~ ROC~Zle K~ ~I1C~y his wife, to me well known and known ro me to b~ the individwb desaibed in and who executed the fwe9oirg instrwnent, ~nd sc(~rawledged before me thst thsy execut~ sartN for the purposes therein e~.~a. a,d rtie Roehelle K~ ~1'1C~y ~ ..n. wiPe of the said ROA H• LBTltij/ ~ ' ~al; :~p~+~~ examinatwn by me taken separate and apart from her said husband, scknowledped to +nd befo~s m~ that she execvted sakf;J . fiiel~ i+d,vOjut? rant and wNhout sn com Ision, constraint, a - . ~ r Y P~ pp~e wy or feu of or from her said husband. . WITNESS my Mnd and official seal thi day of ~ ~ 19~$'~-.~' ~ J ~ " i ~ N ary Public in snd or ~tiJe.~' 'L~ ~`J ; ~ My Commiuion expir r'~. Q.; 't~~,,~ ~ Return To: " ~`~TARY PUBLIC STATE Qf FUORIQIr AT L!? ~ g Fint Fedewl Saviogs 3 lwe Association NIY CC?4t~AISSION EXFIRES MAR. g~ L - Of Fort P~erce. 3ENERAL INSURANCE UNDERWR~TER~ • ~ Fort Pierce. Flwida j.a~'{ 228~84 F ~EO ~N~~~a~R~~ ~ 111C~E C M ? This Instrument Prepa~ed By: John W. Collins ROCEP POITRA: CLEAK C1nCUtT COUAT First Federal Savings b Laan Association RECORD YER~FlEO . of Fort Pierce ~ Floride 33450 s . ~,1 M~u? ~I I o3 PM'11 Checked By t'~- . 'y~f0 ; f 600K~V~ PAGE 5U ~ ~ _ ,~bj r;.~