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To plac~ and continuouily keep on 1M buildirgs now or hereaftN situat~ o~ said land ~nd on alt equipmem ~~d p~noe»Ily mver~d by this mw ~pe, with all premiumi thereon p+~d ie tull, tire insura~ce in ~M uswl suntlard policy fam, in ~ sum approv~d by tM MORfGAGFE, and wind~to inswancs in ~M uswl itanda,d pol:cy fpm, in ~ sum spprov~d by ti+~ MORTGAGEE, in such compsny a tompa~ies ~s ~M MORTGAGEE m dir~ctj ind ~II tu~ u~d wind~~orm inwranp policies on ~ny oi said b~ildinps, ~ny intenst tMrein or part thc~wf, in tM a~q~ey~q wm ~tonsaid in ~xcess the~eof, shall contain ~M uswt iandud mortgape~ cbva or wch aher cl,uw as ~M Mor~pape. may requ'u~, m~kinp ~M lou u~da sa~d po cies. ~ach and w~ry, payabt~ ro aid MORTGAGEE as its iet~rest may ~pp~ar, and each and every tvch po~~cy ir+a~t ;;o ~,:,;:..;.t:y ess:ynrd and deliver~d ~ ~ny held by said MORTGAGEE ~s furtMr ucurity to said mort~sQ~ debt, snd, not I~ss tl?~o tM (10) days in adwnc~ of ~ht expiration oi eatA policy, to d~ live~ b said MORJC:.~:t a:..~•~ ~»+h.r w~rh ~ nc~ipt fw ~M pr~miwn of such ranewal; ~nd ~her~ shall b~ no fire a windsto~m insur~nc P~+c~d on u~y of s~id buiWinpt, any inler~st tha~in or p~rl thK~of, vnleu in 1M fwm and with 1M ~oss p~yable u afa~s+id; and in tfia eYent any ~un of mon.y bccomes p,yabre vnder sud+ pol~cy o~ poLc:a uid MORTGAGEE s1+sU haw ths opGon to receive and apply tl+e sun~ on accovn~ of tlw indebted Mss satu~ed hereby w w pamit said MORTGAGORS to rete+vs and us~ il w any part Ihereo( for oiher purposes, wi~hout th.reb/ waivi~~g or ~mpair, irg any p~ity, lian or rqhl unde~ or by vi~tw of this morsg~pe; ~~d i~ tM went ~aid MORTGAGQRS shaH fw any ~eason fail ta kaep 1he s~id premises so ir?iu?ed, a falt to deliva ptomptly ~ny of said polities of inwranc~ to ~id MORTGAGEE, w fail promptly to pay fully ~~y prcmium tixxrefor ot in ~ny r~spM fail Io pNform, dixMr9e, executs, effecf, tomplete, comply with and a!?id~ by this cove~ant, w ~ny part hereoi, said MORTGAGEE may pface and paY tw such inwranc~ or any part th~reof without waivlnp ~r affectirp ~ny option, IiNy puity, or right under a by viNw of this Mor~gape. ~~+d tht full amovnt of tach ar~d evay such paymenl sh~ll be immediately dut ~nd p~y~ble and ah+ll bea~ interest from the date thNeof until paid at th~ ratt o1 nin~ pK centum per annum ard ~o~ether wifh wch interesf shali ba sec~~ed by 1M ti~n of thit mwtyap~. 1. To p~rmit, comn?it or suffer ~o wute, impairment or defer;ora»on of said prope,ry a sny p~rt the.eof. S. To pay all a~d sirgvlar ths cwn, c}wges and expsnsef. incl~diny ~ reasonable anuney's fe~ snd costs of abatracts of title, incwred w p~id a1 a~y time by wid MORIC,AGEE, because or in the event of the failure on ti?e p~A of Ihs tsid MORTGAGOR to duly, promptly and fully perfwm, dixharge, execute. ~ffect. compfete. comply w~th and abtde by each ~+d every the stipuiations agreemen», conditions, and covensnn of said promissory note and thi~ mony+9s sny a eit~w:. a:r± .r+.+.; cha.os~ and expenses, each and ~very, sh~ll b~ immediatefy dw and paysble: whether p ~ot there be ~otice ds~ ~nempt ro eolkct or wit pend~ny; and tM full amount of each sed every wch p~yment sha~l bcar i~terss~ from the date thereof unril piid at the rate of nine per centum per annum: and aU said costs, charges and expenses inturred p paid. together wilh suth intaresl, thall be setured by the lien of thia mo?tya~e. 6. TMt (a) in the ewet of any breach of this Mortgape w defsult on the part of the MpRTGAGOR, or ror in the eve+~f any of s~id wnu of money hereir~ r~ferred to be not prampNy and fully paid w;thin thirty (3p) days next after the same sevaally become due and payable. without demar~d w notite. or in the event each aod every ths it~pulations, agrc~emenn, conditions and covenants of sa~d promiuwy note snd th~s mort~ape any w either are no1 ~uly, promptly a~d fully performad, discMrged, executed, efiected, compkted, compfied w;th and abided yy, thsn in either a any such sveM ~he said a~ greyate wm mentia~ed in said promissory note tl+en remaininp unpa;d, with iMerest acuued, ~nd all moneys secured hereby, sh+ll becwne due and pay~ sble forthwith, w thereafter, at the optan of wid MORTGAGfE, as fully compktely +s if •II of the wid wms of money were wiginalty :tipulsted ro be paid on suc~ day, anythi~g in sa;d p~omisso~y noro or in this Mortg~ge to the contrary notwithstanding; and thereupon or thcreafter ~t the option of said MORTGAGEE, wirFaut ootice w demand, wit at law a in equity, therefwe a thereafter begun, may be prosecuted as if ~li e~w~eys secured hereby had m~tured priOt to in instifution. 7. That in the event that at the beginning of or at any time pe.+dirg any wit upon tbia Mwtgage, or to forecbsa it, w to reform it, or to enforce payment of ~ny daims hereunder, ta;d MpRTGAGEE shsll apply ta tFve Court having jurisd~cYwn thereof for ti+e appo~ntnxnt of ~ Receive?, svch Co~rf shall Fwthwilh appoint a receiver of said mwtgaged property ~tt and sinpvlar, inclvd~ng all and singutu the income, prof;rs, issues and revenexs f~om wF?atere~ sou?ce derived, each and every of whrch, it bcing expreuty understood, is hereby mortgaged as if spet;fically xt fwth and destribed in the granting and habendum dauses hereof, and such Receiver shall have sll tlx broad and effective f~ndions and powers in anyvrise entnnted by a Courl to a Receiver, and :uch appointment shaN be made by such Cowt as an admitted equity and a rr,~lter of absolute r'gM to said MORTGAGEE, snd without teference ro the adequacy o~ in~deqvacy of the value of the property mo~tgaged or to the folvency w inwlvency of said MORTGAGOR a the defendanri, and Ihat svch rents, profits, income, issves and revenues shall be applied by svch Receiver accord~ng to the Gen or equity of said MORTGAGEf and the practice of such Court. , 8. To duly, prompHy sad fully perfwm, diuharge, executq effect, tomplete, comply with and abide by each and every the stipvlations, agreemenb, condiYans +nd covenants in said promisso?y note and tnis ma.tgage set fath. 9. That in the event the ow~enhip of the mortgaged pran;ses, w any pan thereof. becwnes vested in a penon other than ihe MORTGAGOR, the 1~10RTGAGEE, its s~ccesson ~nd auig~, may, withow notice to tFie NICfRTGAOR, deal w;t~? such successor a~successor in interest with reference to this mortgsge and the debt hereby setured in the same mamer as with Mwtgagor withovt in any way viti~ting w dixi?arging the Mortgagors' (iability here- under or vpon the debr hereby secured. No sak of fhe premises hereby mortga9ed ~nd no forbearance a+ the pah of the MORTGAGEE or its successon w augns a~d no extension of the time fw the psyment of the debt hereby secwed given by N?e MORTGAGEE o~ its success«i w su~gns, shall oparats ro release, disclwrge, modify change ot affed the original liabiliry of tht MORiCaAGOQ herea~, eithtr in whole or in part, i0. h is spedfically agreed that time is of the es:ence of this contract and thst »o wsiver of any obligation he?eunder or of tha obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM seaired herby. 1!_ In add~tio~ to the forego:ry monthly payments of princ'pal and interest requ~red by the prqnissory nore secured hereby, mortgagor cove~snts and agrees to pay to mortgagee with each monthty payrnent an add~rional sum estimated by mortgagee to be eqva! to 1/12 of the annual cost of the follow- ;ng; • . A-All real property taxes kvied or assessed against the above described real estate. ~ B-Premiums on~fire and windstorm insurance as hcrein ?equ~red to be carried oo the improvern~nts sitvate on the above desuibed premisei. C-Premivms on such mqrtgage. guaranty insurarKe as mortgagee shalt from time to time deem fit to carry on the loan ~ecured hereby. Mortgagee shafl i~om time to t;me notify mortgagor in writing of the amount due and psyabk hereunder and such wm shall thereupon be due and payabie on the due date of the next monthly payment and each s~xcessive month thereafter ur,til rtwrtgsgee shall notify mortgagw of a charqe in such amount. $uth sums shall be applied by mortgagee toward the payment of real p~operty taxez, insurartte prem:ums, and mortgage guaranty inswance premiurn3. WITNE55 WHEREOF, the said MORTGAGOR has hereunto set hia hand and seal the day and ar r afwesaid. r ned, Sea del' in t presence of: A ~ n - n ~-n , K'a4 STATE OF FLORIOA ~ counmr oF St. Lucie - eefwe ms penonally appeared COdv L. Bailev Carolvn l+. ~il~/ 6is wife, to me well known and Rnown to me to be the ~nd,vidual~ descr;bed i~ and wlw execu~ed the foregoiny instnxnenl, and ~dcnoMrledged before me that they execvted the same fw ths p~rposes thertin ex~.~a. a,a ,r~ ~ Ca~eolyn A. Bailey ~oa V. Ba?i~e . wife of the faid y y oppn a sep~rafe and privaq exam'u?aYan by me take~ separate and apaA from her said husb~nd, ~dcnowledged to snd before me that ahe executed said instr~ment free(y and vo1uM rartly ar+d wirho~,t a~y computsion, coruna;nt, apprehens3o~pr feu of w from her s~;d hvsband. WlTNE55 my hsrsd and official seal thi~ l~ p~ day of ~ 7'Z A. D. 19 . Notary Pu in and for t tate of Florida at l~arye My Com io~ enpires: `i ~ 9 73- Retvrn Ta , Fint Feder~I Sav~ngs 3 lwn Auociat~on NOTARY pUp~~C SjATE OF FtQRIDA AT UR(~ Of Fort P~erce. ' MY COMMISSION EXp~RES AUG. ~ igp~ fort Pierca Flw~da ~ _ ~ ~ENERAL INSURANCE UNDERWRITEI~, ~1~ . , _ ! : : ~ - - ~ . r ~to A~o a~co~~~u?. This Instrument Prepared By Wm. B. 87Citui :~.I.UCIE COUNTY First Federal Savings 8 loan Association - , ~:-s' ROCEii POITRAS ; , ,s. C~ +C1aCU1T COURT . of Fort Pierce~ Florida ~.::~~t; ~~VERIFIE~ T ~ i' s- ; 3t~4 ~r ? Checked By . ~ . ~ ' ` " . ~ - ~ I O 3 sa PM ~ i Z - ~s3 ~ s~~ zo~ ~ s~ ~ ~