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To placa a~d continuouily keep on 1M bui!dings now w herrafrar sitwte on ssid land and o+~ all cquiprnent ~nd Fersonally covered by this mor ag~, with all premiums Ihereon pa~d i~ full, fire i~surance in the usuat standard policy form. i~ • tum approvcd by tM MORiGAGEE, ar?d windsto insur~nce i~ 1M usus~ standard pol~ty fam, i~ a sum approved by 1ha MORTGAGEE, in such company or tompanies u tl+~ 11AORTGAGEE m directj ~nd atl tirs and windsrorm insurance polK~es on +ny of said buildmq~, ~ny tntere~t lherein w put tAe~eof, in tM ay~re9a~e sum ~fo~euid In exceu thereof. ihall contai~ the uswl standard mor~ga~ee clsuse or such other clauss ~i tM Matpagee may req~u~, makinp tM tou unde~ w~d po cies, each and every, payable to uid A\ORTGAGEE es ~ts iroereit may app~ar, and eath and erery such pol~cy ~hall be promptly ~u:yn~d and delivered ~ any held by said MORTGACaEE ~s furthe~ sec~rity to ssid mat9age debt, and, oot leu tMn ten (10) d~ys i~ advance of ths expir~tion of e~ch policy, to d~ liver to said MORTGAGEE a renewal thereof, lope~her with • receipt fa the pr~mium of such renewah, and the~e shall be no :ire o~ winds~am inwr~nc plated on ~ny of said buildiny~, any inlciest tl~ersin or put thereof, w+less in the form and wilh the lou payabls as afwesaid; a~d in the ertnt ~ny sue of Rwney becanes payable under such poliq w polrcies tsid MORTGAGEE sfiall Mw ths option w receive and apply the sart+e on +ccou~t o1 the indebted ~+ess iecured hereby or to pe~mit said MORTGAGORS to roteive a~d ute it p a~y part thereof fa othcr pu~}~oses, w~~hout thereb~ waiving or unpair inp any equiy, lien w right under or by virtve of this morsgage; and in tht ~vent iaid MORTGAGORS sha1) (w any ~eason fail to keep the said premises w insured, p fail fo deliver promptly ~ny of said policies of insuranc~ 1o s~id MORTGAGEE, or fail promptly to pay fvlly any p~em'eum the~eia or in ~ny re:pect fail b perfo~m, discMige, execute stfect, completa, comply with ~~?d abid~ by this cove~ant, or aey part hereof, said MORTGAGEE may place a~d paY for such insuranee w any pa?t thereof without waivinp ar ~ffediny a~y option. lien, equity, w rigM unde~ w by virtw of this Mor~gsge. and the full ~mouM of each and twry sw.h paymenl shall be immediately dut and piYsble and shaU ixar interest from ths date thereof uniil paid a1 the rate ol ~ins per tentum pe~ ann~m and together with such interest sF?atl be secu~ed by 1M lien of ihis matgsge. To pe~mit, commit or sufier no waste, Lnpairment w deteraration of said propeny or aoy pan tl+ercof. S. To pay all ar+d s3npulu the costs, charga s~d expenxs, includiny a reasonsble atewney i fee r~d costi of abstrscts o/ titls, incurred o~ paid at any time by uid MORTGAGfE, because or in the event of the failwe on the part of the said MORTGAGOR to duly, promptly and fully perfum, discharg~, execute, effect, complete, comply with and ab~de by each ~nd evcry the stipulaHOns, agreements, condilions, and mvenants of said prom~swry note and thii mortgape any or eiine~. and sakt costs. cFa~g~s a:.~ axr.r~~, cach an.d s~y, th~U b~ tenn+ediaeety due and parable: whelher a not there be no~ice da mand, atfempt to colkct or ~vit pending; and tM full anauM of each ae~d every wch paymeM shall besr intereit f~om Ihe dste thereof ~ntit p~id at the ~ rate of mne per cen~um per annum; and aL' ae~J wszs, d-.s:get s:.3 tx;.ar:,.^s ir.tvtrtd or pa?d, tege~he~ w~~h such interesL al~ali bs ~etured by the lis~ of thu matg~ge. . Q That (a) in the event of any breach of this Mwtgaye or defa~lt on ths part of the MORTGAGOR, or (b) i~ the event ~ny of satd wms of money herein referred Io be not promptly and fully paid within thi~ty (30) dsys next afte~ the same severatty become due and payab!~, without demand or ~otite, or (cj in the event each and every the stiputations, agreert~ents, conditiorts ar+d tovenanfs of sa;d promiuory nofe and this matga~e any or either are not iuly, promptly snd fully performed, d~stharged, cxecuted, effetted, cpmpleted, complied with snd ab~dld ~iy, then in either or ~ny suth event the said ag- gregste wm mentioned in said promissory ~ote then remaining unpaid, with interest a~crued, and all moneys sec~red he~eby. shall become due ~nd piy- able fathweth, o~ IFIlfNf1N, at the option of said MORTGAGEE, ss fully a~d completely as if all of the said sums of money were aginally st~pulated to be paid on s~ch day, aeything in said prom~sso?y note or in this Mottgage to the contnry notwitFistsnding; a~d thereupon or thereafter st the optian of said MORTGAGEE, without notice or demand, suit at 1aw or in equify, therefwe or the?eafta begun, may be prosecuted as if all moneys secured hereby had matured priw ro its institution. 7. Thst in ths event that at the beginning of ot at sny time pendiny any suit upon this Mortgage, or to fweclose it, w to ?efwm it, or to enfwce payrrKnt of any c(aims hereunde~, said MORTGAGEE shall apply to the Govrt having ju.isdkuon there4f for the appointment of a Receiver, s~ch tourt shall forthwith appoiM a receiver of said mortgaged propcrty all and singular, i~clud~ng atl and si~gular the income, profits, issues and ~evenues from wl?rtever wurce derived, each and every of which, it being expreuly un~krstood, is F+ereby mortgaged as if specific~lly set fwth and describtd in the g~anting and habendum clavses heaeol, snd ssstb Rcceiver shall have a0 the broad ~nd effective funct~ons and powers in anywise entrusted by s Court to ~ Receiver, and such appointment shall be made by such Court as an admitted equity and a matfer of absolute right to said MORTGAGEE, snd without referente to the adequacy or inadequacy of the wtue o~ the property mortgaged or to the sowency a ensolvency of said MORTGAGpR w the defendann, and Ihat such renrs, profits, income, iu~es and revenues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the prxtice of such Court. 8. To duly, promptly and fulty perform, discharge, execute, effect, comptete, comply with and abide by each a~d every the sfipulations„ ~greements, cond;tiona and covenants in uid promissory note and this mortgsge set forlh. 9. That in the eveot the ownership of the mortgaged premixs, w any parf thereof, become~ vested in a perwn other thso the MORTGAGOR, the MORTGAGEE, its succeuors and auigns, msy, without norice to the MORTGAOR, deal with such s~cceuor ot successor in interest with refcronte to fhia mo.fgage and the debt hereby secured in the ssme manner as with Mortgagor withoW in a~y way viliating or discharging the Mongagors' li~bility hcre- under or vpon the debt hereby secured. No ss?e of the premises hereby mortgaged and no forbea~ance on the part of the M~RTGAGEE w its s~ccesson or assig~~ a~d no e:tension o} the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or suigns, siull operate to ~eieau, d~scharge, modify charge or affect the original liabil~ty of the MORiGAGOR herein, either in whole or in part. 10. It is specifically ag~eed that time is of the euence of this co~tract and that no waiver of any obligatio~ hereunder or of the obligafion st cured hereby shall at aoy time thereafter be held to be a waiver ot the terms hereof w of the instrument secured herby. 11. In additio~ to the for~go:ng manthly payments of princ"pal and imerest req~ired by the promiuory note secured hereby, mortgsgw covena~ts and agrees to pay to mortgagee with each mo~thly payrnent an addirional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing; A-All real property taxes Ievied w assessed against the above described real estate. B-Premiums on fire and wi»dstorm ;nsurar.ce as herein requ~red to be carried on the improveme:+ts situate on the above dascribed premises. C-P?emiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shall f.om time to time notify mortgagor in writing of the amount due and payable hereunder and such wm shatl tAereupon be due and rayabte on the due date of rhe nexr monthly payment arul each successive monfh thereaiter ur.til mortgagee shall notify mortgagor of a change in suth amount_ Such sums sF.all be applied by mortgagee toward the payme~t of real property taxes, insurance prem:ums, and mortgage guaranfy insurance p~emiums. WITNESS WHEREOF, the said MORTGAGOR has hereunto set F~is hand and seal the day and year first afwesaid. Sealed and deliv in the presence of: ~ w t /S~O~ j ~ Glenn E. Thomas ; ~~~~?z~.~-,.. Q T ~s~.n I Matil A. Thonds ~seal? ~ j STATE OF FLORIDA ~ COUNTY OF St. LuC1Q ~ G eefore me personally sppeared Gl~n E• ThOII~S . and l~arityn A Thonas his wife, to me well known and p ew to be ~ the individuals desuibed in and who executed the .foregoirg instrument, and acknowtedged before me that they ex~wted the ~tFN- ptKposes ~ therein ez p ressed. And the sa' ~'18?rll A. ?hoaas ~ ~ ~ w~fe of the said Glenn E. T~lO~dS .~`.si~t~ra1~ M~d p?iv~t~ ~ e~camination by me taken separate and apart from her said husband, ackrawledged to and bcfore me that she execWed M f~~etr. ~nd volun- ~ rarfty and without any compulsion, corutraint, apprehe ~'o r fea~ of or from her said husband. ~ ~ WITNESS my hsnd snd offiaal seal thi day of ~y ' .;A; 'p, . - - ~ Notary Public in snd for _}~i ~att- of F id~ ~f 4~~1 My Comm~ssion expires: • ~ ~ , , , . - i Return To: H~~ PUBWCS:~J{i~ a/ FLORIDA at LAR6E ~ First feder~l Savingi a Lwn Associatio~ ~ ~~~~f1' EXVIRES SEPT, 25, 1975 Of Fort Pierce. ~~111lfIq0 Bdnke~g IASUf2!!C~ (;p. E ke g , Fort Pierce, Flwida i /«pANORECpRO ~DCIt COUNTY f . This lnstrument Prepared By Richard K. Kayes OCEP POITR~S First Federal Savings b loan Association CCtRK Ct:;yUlt GOUIIT of Fort Pierce~ Florida RECORO YE??ti1ED~~ Checked 8y 8 3~~ PN BOOK PAGE 3~ 2;~8995 . ` ~