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To place and con~inuously keep on the bui:dings now a hereafte~ situste on sa~d land and on al1 equipmcnt ~nd personally covered by this mor sgs, with ell premiumi the~eon pa~d in full, fire insu~ance in Ihe usual standard poticy lorm, in ~ sum ap{xoved by Ihe MORiGAGEE, and windsto ~nsvronce i~ the usual s~andard pol.cy fwm, in a sum spproved by ths MORTGAGEE, in tuch company or con+panies as the MORTGAGEE m d~reu; ~nd all fire and w~nds~orm insurance policies on any o( iaid build~nyi, ~ny i~taest therein o+ ~hereof. in the +g9~c9afe f~m afaesaid in ~xcess thereof, shatl con~ain the usual standard margagee clause w such o~her dause as tM Matgages may requ~rs, making ~he loss under ia~d po cies, each and every, payable to said MORTGAGEE as ~h in~erest may ~ppear, and each and eve~y sw:h policy ahall be promptly ass yned and de~ivered ~ eny held by said MORiGAGEE as (urther security to said mortgage debt, and. ~+ot less than ten (10) days in advance of the expiretio~ of each policy, to d~ liver to iaid MORTGAGEE a renewal thereof, toge~ha~ with s receipt for the premium of i~ch rcnewal; and ~here shall be no f~re or windstor~n insuranc placed on any of said buildings. any iMere~t thtrein w part thereof, unless in the form and with Iht toss payable ai atoresaid; and in the even? any tun of money becanes payable under such poticy a policies said MORTGAGEE shai{ have iFw opttw~ ~o rece+ve and apply the same on account of ~he indebted ness setured hereby w ro pe~mit ~a~d MORTGAGORS to rcceive snd uss it a any part the:eof 1or osi~c~ fwposes, w~tho~t iha~.u~ waivi~~3 0~ ~mpair ing a~y equity, Iien w right unde~ w by virtue of Ihis mo:tgage; and in the event said MORTGAGORS shall for any reawn fai) to keep the said premisrs so inavred, o~ fail to detiver promplly any of said po~icies of insurance fo said MORTGAGEE, or (ail promptly to pay fully any p?e~nium the~efor o? in a~y respect fail ro{xrform, discharge, execvte, effect, complete, comply with and abide by this covenant, a any part hrreof, said MORTGAGEE may place a~.d pay fo~ such insurance w any part thereof without waiving or affecting a~y option, lie~, equity, a righl under w by virtue of this Mwlgage, •nd tF+t full amount of each and every such payment shall be immedi~tely due and payable +nd sha11 bear interest from the date tiureof until paid at the rate ol nine pe~ ce~tum per annum and toge~hrr with such interesr shal{ be secured by the lien of this mortgage. 1. To permit, commit or suffer no waste, impairment o? dete~ioration of said property or any part thereof. 5. To pay all and singulu the costs, charges and expenses, including a reasonable at~wney i fee and costs of abslracts of titfe, incurred or paid at a~y time by said MORTGAG:E, betause or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, diuharge. execute, effed, comp~ete, comply w~th and ab:de by each and every the stipulanons, sgreements, conditions, and covenants of said promissory ~ote and this mortgage any w either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether w not there be notice de~ mand, attempt to coltett or suit pend~ng; and the fvll amo~nt of each and every such payment shall bea? interest from the date thereof until paid at the r~te of n~ne per centum Exr a~num; anc! all said costs, chargea and expenses incurred w paid, together w~~h such interest, shall be secured by the lien of this mOttgagl. 6. Tha1 (a) in the event of any breach of this Mortgsge w default on the part of the MORTGAGOR, o? (b) in the event any of sa~d sums of money herein referred to be ~ot promptly and fully paid within thirty (30) days neat after the same severally become due and payable, without dcmand or notice, or (c) in the event each and every the stipufations, agreeme~ts, conditioos and covenants of sa;d promissory nate and th~s mortgage any or ei~her are not iuly, promptly and (ully perfwmed, d~uharged, executed, effected, completed, complied with and abided ~iy, tlxn in either or any such event Ihe wid ag gregate wm mentaned in said promissory note then remaining unpa~d, wit~ interest accrued, and all moneys secured F+ereby, shall become due and pay- able forthwith, a therrafter, at the option oi said MORTGAGEE, as fully and completely as if all of ~he said sums of money were originally s~~pulated to be pa~d on such day, anything in sa~d prom~sswy note or in this Matgagr to the co~trary notwi~hstanding; and thereupon w thereafter a~ the option of sa~d MORTGAGEE, without nouce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys setured hereby nad matured pnor to As inst~tution. 7. Tha~ in the event that at tFx beginning of or at any time pending any suit upon this Mwtgage, w to fweclose if, or to reform it, w to enforce paymen? of any claims hereunder, wid MORTGAGE: shall apply to the Court having jurisdiction thereof fw the appointment of a Receiver, such Cou?t shall forthwith appo~nt a receive? of said mortgaged property atl and singulsr, includ~ng a!1 and singvlar the incorr~e, profits, iuues and revenues from whatever source derived, each and every of wh~ch, it beirg expressty underaiood, is hereby mortgaged as if speulically set fwth and described in the granting a~d habendum clauses hereof, and :uch Receive? shall have a~t the broad and effective funct~ans and powers in anywise e*+trusted by a Cou?t to a Receiver, end s:;ch appointrr~nt shal! be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequaq w inadequaq of thr value of the property mort~a3cd a: ta the s,^.:~e:xy w~~solvency of said MORTGAGOR w the detendants, and that such rents, profits, incane, iuues and revenues sha~l be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such _ CouA. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every 1F+e stipulatrons, agreements, conditions and coveoants in sa~d promisswy note and this mortgage set fwlh. 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 MORTGAGEE, its successors and assigns, may, without nofice to the M4RTGAOR, deai with s~,ih ac;:cessor or successw in interest with retere~ce to this mortgage and the debt hereby setured in the same manner as with Mortgago~ w~thout in any way vitiating ot diuha~girg the Mortgagori liability here- under or upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no forbearance on the pari of the MORTGAGEE or its suctesson or assigns and no exte~s~on of the time for the payment of the deb~ hereby secured given by the MORTGAGEE or its successors or auig~u, stiall operate ro release, d~uharge, modify change or affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole o? in part. 10. It is spec~fically agreed ~hat time is of the esse~ce of this contrad and that no waiver of any obl~ga~~on hereunder or of the obligaYan se- cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ"pat and interest required by the promissory no!e secured hereby, mwtgagor covenanis and agrees ro pay to mortgagee with each momhly paymem an add~rionat sum est~mated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ~ng: A-AII real property taxrs (evied or assessed against thc above described real estate. B-Prem~ums on (ire and windstorm insurarce as herein requ~red to be tarried on the Emproveme~ts situate on the above described premises. I C-Premiums on such mortgage guaranty insurar,ce as mortgagee shal! from rime to time deem fit to tarry on the loan secured hereby. 4 Mortgagee sha!1 from t~me to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and ( Fayable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such I arnount. Such s~ms sF.ail be applied by mwtgagee toward the payrne~t of real property taxes, insurance prem.ums, and mortgage guaranty insurante premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yea first ~aiwes~id- Signed, Sealed and delivered in the preserxe of: ~ f • ~ •n ~ evin n oug in ~n Mary zhaia McLo g lin ~a~~ STATE OF FIORIDA COUNTY OF St.. Lucie ~ ~ Befwe me personally appeared KeV].I1 John FteLou4hlin snd - Mary Gorham McI.oughlin his wife, to me well known and known to me to be one individuals desuibed in and who executed the fwegoing instrument, snd acknowledged befwe me that they executed the same fw the purposes rherein expressed. And the said ~rY Gorham MeLoughlin Kevin John McLou hlin ,~,t. ,~vife of the said 9 ~Po~ a~+~:~ P~ examination by me taken separate and apart from her said husband, ackrsowledged to and befwe me that she e:ecuted said instrumenf•~piy"'~fd vo~~o- ra+ily and w]thout any compulsan, constraint, apprehension a fesr of or from her said husband. WITNESS my hand and official seal thi~ ~~u~ • day of ~ 'k• . Notary Public in or fhe Stat ~f~' ~ l~y~s ^ = My Commission expiret: ii~ -r'",;.D=2~.{.I±~7E:t~f ~lt^,klDAaj ~ E Retur~ To: ~ Lrl ,^i ~ " irct~.,~=-~,~? _ ' ~ ~ Fint Federal Savi s 3 Loan Aasociation ~ 7 ~.:s~a Ih,u~ ' ` ~.~~5 ~ , } 4 :tL~~i Ir._;;ror.cc ~~-~q~ers. O~ Forf V~erce. l - Fort Vierce. Fbrida %j ~ ~~•.~F''y~ : •~w1- I .~'1~,'`~ r fILEO ANU RECORDEO ' •~'i~j,t?1i1.t.• ST. ~UC1E :.OUNTY FIA. ROCEn P0~=RAS ~ This Insirument Prepared By J. H. Roberts~ Jr. CtERR C~::CU1T COUR? First Federal Savings & Loan Association RE1'OR.^. VE~+rIrD _..~-L=- ! of Fort Pierce Rlo rida i ~ ~ ~5 Z 48eH~7z ~ Checked By,~~ BOOK PhG~ 11+~ i~~2~S1S . ~ ~P~ - ~ - ~