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To place and continuousiy keep on the bui:d~ngs now o~ herea(te? sltuats on sa~d land and on all equip:.~ent snd personslly covered by this mor age, w~th a11 p~emiums thereo~ pa~d in lull, lirc insurance i~ the usual stendard poGCy form, in a sum approved by ~he MORCG~GEE, and windsto insu~ana in the usual ~tanda~d pol,cy fo~m, in a sum approved by Ihe MORTGAGEE, in such canpany o~ co~npanies as tMe MORTGAGEE m diaecl; and all fi~e and wind3torm insurante policies on any of said buifd~ngi, any intere~l therein ot pa~t thereof, in tM aggregate sum ataesaid in excess thereof, shall contain the usual standard mortgagee clause a such otha tlause as the Mutgagee may requ~rs, mating Ihe loss v~de~•sa~d po cies, each and every, payable to said MORTGAGEE as ~ts interest may appsu, and each and every such policy ~hall be prompUy au gned and detivered ~ sny held by said MORiGAGEE as iunhar security ~o said mwtgage debt, and, not leu ~han ten (10) days in advance of the expi~at~o~ of each pol~cy, to d~ I~vsr to iaid MORTGAGEE a ~anewal ~he~eof, toge~her wi~h a rGCe~pt iw the premium of such renewal; a~d ~here ahall be no f~re or windstor~n insuranc plxed on a~y of sa~d buildings, any intercit therein or part ~hercof, unless in ~he form and with ~he loss payable as aforeaaid; and in Ihe event any sun of money becom~s payable under such policy or pol~cias said MORTGAGEE shall have Ihe optipn to reteive and appty the ume a? rccount of the indebred ness securtd hereby o? ro perm~t sa~d MORTGAGORS to receive and use it a any pa~t thereof for otnr~ pur~~osrs, v.~~ho~~ th~r. u~ w~iY~.i3 ar ~~np.,ir ing any equity, lier? w right u~der w by virtue of this mo:!gage; and in the evenf iaid MORTGAGORS shatl fo~ any reason fail to keep the said premisrs so insured, pr fa? to deliver promptfy any of said policies ot insurence to said MOR~GAGEE, o~ fail promplly to pay fuily any pren,;um therefo~ a in a~y respect fail ro perform, d~scharge, exetute, e(~ect, camplete, comply with and abide by this covenant, w any part hrreof, said MORTGAGEE may p{ace and pay fa suth insurance w any part thereof without waiving w affetting any oplion, lie~, equity, or right under O~ by virtue oF this Mortgage, and tht fuH amount of tach and every such paymen! shall be immediately due and payable and shall bear interes~ irom the date the~..of until paid al the ~ate ol nine per centum pe~ snnum and to~rther with such interest shall be srcured by the lie~ of this mwtgsge. 1. To permit, commit ot sutfer no waste, impairment w deterioratio~ of said {xoperty w any part the~eof, 5. To pay all and singular the cos~s, charges and expenses, including a reasonable attaney's tee and costs of abstracts of title, inc~raed or paid a1 any tim.e by said MORTGAG:E, because w in rhe event o1 the fa~lure on ~he part of ihe said MORTGAGOR to duly, promptly and fully perform, d~xharge, execute, eifect, complete, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of sa~d promissory note and thii mongage any or either, snd said tosn, cha~ges and e,cpenses, each and eve~y, shal! be immedialely due and payable; whe~her or not there be not~ce dt~ mand, at~empt to collett or suit pending; and the full amounl of each and every such payment shall bea? inte~est from the date thereof until paid al tht r~te o~ nine per centum pi:r annum; and all said costs, charges and ex~rnses incurred or paid, together wrth such interest, shall be tecwed by thr lien of this mortgago. 6. That (a) in the eve~t of any breach of thia Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of satd sums of money herein referred to be ~ot promp~ly and fully paid within th~rty (30) days next after the same severat~y become due and payabte, without dema~d or notice, or (c) in the event each and every the stiputations, agreements, cond~tio~s and covenants of sa:d pron,issory note and Ih~s mortgage any w either are not ~u~y, pranptly and fully perfwmed, d~sch=_:~~, axsc~eed, elfected, compteted, compl~ed with and ab~ded 5y, then in elther or any such event the sa~d ag gregate wm me~fioned in said promissory note then remaining unpaid, w;rh interest accrued, and all moneys secured hereby, shall become due and pey- ab~e fathwith, w thereafter, at the opt~on oi said MORiGAGEE, as tully and compleeely as ii all of ~hr said sums of money were wginally st~pulated to be patd on such d:.y, anything in sa:d p~o~n~ssory note or in this Mortgage to the contrary notwithstandi~ig; and Ihereupon o~ rhereafter at the opt~on of said MORTGAGFF, without notice or demand, suit at law or in equily, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had maWred pnor to rts inslitution. 7. That in the event that at the begi~n~ng of or at any time pending any suit upon this Mortgage, or to fweciou it, or fo refam it, o~ to enforte payment of any daims he~eunder, said MORTGAGEE shall apply to !he Court having ju~~sd:dion thereof for the appointment of a Receiver, such Court shall forthwith appoinl a receiver of said mongaged property all and singulat, includ~ng all a.+d singutar the intome, prolits, issues and revenves from whatever saurce derived, each and every of wh~ch, be~ng expressty understood, is hereby mortgayed as if speufically set lonh a+~d desc.ibed in the grantiry and habendum clauses hereoF, and such Receiver shafl have all the broad and ei(ective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shalt be made by such Couit as an ad~nitted equity a~d a matter of absotute ~ight to wid MORTGAGEE, and without refererxe to the adequacy or inadequacy of the value of the properry mortgaged or fo the soivency or insolvency ot said MORiGAGOR or the defendants, and fhat such rems, profits, incane, issues and reven~ss shaU be applied by such Receiver accord~ng to the lien or eqvity of sa~d MORTGAGEE and the practice of such Court. 8. To duty, pranptty and tu11y perform, discharge, execute, effed, complete, comply with and abide by each and every the stipulations, agreements, conditions and covena~ts in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MOR?GAGOR, the MORTGAGEE, ita successws and ass~qns, may, wirhout notice to the MORTGAOR, dea! with such successor a successw ;n inferest wirh reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating Or d~scharging the Mortgagori (iability here- under w upon the debt hereUy secured. No sale of the premises hereby mortgaged and no iorbearance on ~he part of the l~50RTGAGfE or its successors or assgns and no extension ot rh~~ f,me fw fhe payment of Ihe debt hereby secured given by the MORTGAGEE or its suctessws w assigns, a~~all operate to release, d~scharge, modify change or affect the original liability of the AM1ORTGAGOR herein, either in whole or in part. 10. It is specif~cally agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obligation se- cu~ed hereby shall at any firt~e the~eatter be held to be a waiver of the terms hereof w o! the instrument secured herby. ! l. In add.tio~ to ihe foregc „g rnonth!y paym,nts of princ'pal and interest required by the prom~sscry no!e secured hereby, mortgagor covenanis and agr~es to pay to moctgagee .tirth each monrhiy pay~nent an add~~ionaf sum es<imated by mortgagee to be eq~al to 1~ 12 of the annual cost of the follow- ing: A-Aq real property taxas lev~e~ or assessrd agai•ist th~ above descri5ed real estate. 8-Prem~u~ns on fire and windsrorm insurarce as herein requ;red to be carried on the impiovements situate on the above dasuibed premises. C-Premiums on such mortgage g~aranty ir.surance as mortgagee shall from t~me to time deem fit to ta~ry on the loan setured hereby. Mortgagee sha~l from time to n«,e notify mortgager in writing of the amount d~e and payable hereundrr and such sum shall thereupon be due and ~.ayable on ti~ dve oate of the next month:~ paymem a~d each successive month lhereafter urtil mortgagee shall notify mortgagor of a change i~ suth an,ount. Such sums sha:l be app!fed by mortgagee to.vard the payment of real property ta~ces, insurance prem:ums, a~xl mortgage guaranty insurance ~remiums. 1N WliNE55 VJHfREOf, the said MORTGAGOR has hereunto set his hand and seal the day n year first afwesaid. Si~oed, Sealed and deliv~red in the presence ofc j~Q~1j & I~~ I~ ~ BY: . w taess - / ames . a on, resi en ~ (Seaq } • ATTE ~a. ~ . ' ia . oo , - ~sure WItAeSS. (Seal) S?ATE OF FtORIQA ~CiOUNTY OF ST. LUCIE n~C. 72 1 HER:=6Y CERTiFY, That on this __~2~day of-,_ ~y , A.D. 19 , before me personally appeared James H. Blanton and Julia F. Wood respectively President and ~ - Secretary , of ' Blanton S Wood Coaatzuction a Florida Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- cution the~eof to be their free act and deed as such officers for the uses and pursoses therein mentioned; end that they affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. ' WITNESS my hand and official seal at Fort Pierce St. Luc.ie , said county an tate. This instrument prepared by- ; R~chard K.Kayes j Rirst Federal SavingS afld Loa?n Notary Public, i nd for State and County aforesaid. Association of Fort Pierce ~~mmission xpires: ~,r ~ fILE~ Ab0 RE 0 ~ ~ ~ fT. Lt1CIE COUNTY FLA. r~+~TARY PUBUC STATE OF FLORlDA AT LJ1RliE ROCER POi~RAS ~,~y cor,~r.11SSiON ~XPIRES AUG. 6, 1975 .w..~.~ n~n~, T r.nn11T , v~ ~ v~ ~ r ic~~c T.. 11 ~~FNtRAL ~:.rSi`~i.G iJirv~~untr~°S, - Checked By 3 1~ PM ~7L 1 ~ ~ '~124 , Boox Pac~ 2058 ' S