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To place and continuously keep on the bui!dings now w hereafte~ situste on said land and on alt equipment and personally cove~ed by this mor age, with ali premiums thereon pa~d in fult, fire insurance in tM uswl standsid policy fam, i~ • sum approved by 1he MORiGAGEE, and winds~o inturance i~ the usuai standard pol~ty form, in a sum approved by ths MORTGAGEE, in such compa~y or compan~cs aa the MORIGAGEE m d~recr, and all fire and wlnds~orm i~surance pol~ciei on ~ny of sa~d build~nps. a~y Interest therein w pa.t thereoi, 1n tM aggreg~te tum alaeuid in excess Ihe?eoi, shall conrain the usval standard mortgaget clause a such othe~ clauss as tM Mortgagce may requ~r~, making the loss u~der ta~d po ues, each ~~d every, payable to said MORTGAGEE as iti interesf may ~ppear,'and each and eve~y iuch poficy shall be promptty ass.gned and delivered ~ sny hetd by said MOAiGAGfE as further security to said mortgage debb and, not leu than ten (10) days in advance of the expi~atio~ of each polity, to d~ liver to wid MORTGAGEE s renewal thereof, toge~he? with a rece+pt fa ths prernium of t~th ~enewat; and th~re sl~alt bt no fire o~ windstorm insuranc placed on any of said build~ngs, any intereit tlxrein a part the~eot, ~ntess in ~he form and with the los~ payable as afwesaid; ~nd in the event any sun of money becpmq payable under such policy or pol~cies ~sid MORTGAGEE shall have the opt~o~ to receive and apply 1he same on account o( the i~debted nass secured hereby w ro permit aaid MORTGAGORS to receive and use it or any parl the:eof for oti~cr purposes, ~•.~~haut th:+~o~ waiv+ng or ut:pair~ ing a~y equ~ty, lien o~ righf voder o~ by virtue of lF~is mor!gage; and in the event said MORTGAGORS shall fw any reason fail to keep the said premises w insured, w fail to deliver promplly a~y of said policies of insursnce to said MORTGAGEE, a fail promptly to pay (ully any prenuum ~herefw or in any reapect fail to perfwm, discharge, execute, effect, comptete, campty wirh end abide by this covenant, o~ any pa~t hr~eof, said MORTGAGEE may pl~ce and pay fw :uth insurance w any part thereof without waiving ot affecting any option, lien, equity, w ri9ht undN w by virtue of this Mortgage, snd the ful! amoun~ of eath and every such payment shall be immediately due ~nd payable ~~d shall bear interest irom the date thereof until paid at the rate of nine per centum per annum and to~ether with suth interest shall be secured by ths lie~ of this mortgage. 1. To permit, tommit w suffer no waste, impairment w deterioralion of said property or any paH 1herMf. 5. To pay atl and sing~lar the costs, charges and expenxs, including a rcasonable attwney i fee and costs of abstracts of title, incurred or paid at any time by said MORiGAGfE, becauu or in the event of the (ail~re on Ihe part of the said MORTGAGOR to duly, promptly and fully perfwm, d~xharge execure, effect, complete, comply w~th and ab:de by each and every the stipulatiwu, agreeme~ts, conditioru, and cove~ants of said promissory note and this morrgage any o? ei~her, a~+d uid costs, charges and expenses, each and every, shsll be immediately due and payable; whether a not there be notice de mand, attempt to colkct or s~it pending; and rhe fult arravnt of eacA and every such payment shall bea. inrerest from the date thereof until paid al the r~te of nine per ceroum per annum; and all said costs, charges and expenses incurred o~ paid, together w~th s~rch interost. shall be secured by the lier? of this mottgsge. 6. That (a) in the event of any lueach of this Mortgage o~ defautr on the pan of the MORTGAGOR, w(b) in the event any of satd sums of money herein referred to be not promptly and tully paid within ~h~rty (30) days next after the same severally become due snd payable, widwW demand w ootite, ! or (c) in the event each and every the stipulalions, agreements, conditions aod covenanta of sa:d promissory note and th~s matgage any w either are rw! ~ ~uly, promptly and fupy perfwmed, d;scharged, executed, eiEected, completed, complied wifh and abided Sy, then i~ either o~ any SLYF1 event the said ag~ gregate wm mentioned in said promissory note then remaining unpa~d, with interest accrued, and all moneys set~red hereby, shall become due and pay- abte fo?thwith, or thereafter, at the option oi sa~d MORTGAGEE, as fuily and completely as if all of ~be said sums of money were aiginally stipulated to be paid on suth day, anything in said promissory note a in this Mortgage to the con~ra?y notwithstanding; and thereupon or 1Fxreafter at the option of sa~d MORTGAGEE, witho~t notice o~ demand, suit at law or in equity, therefwe o~ thereafter begun, may be {xosec~ted as if all moneyt secured hereby had mDru~ld pr+0~ !o its in3titWiqf, 7. That in the event that at the beginning of or at any time pendirg any suit upon this Mwtgage, w to fweclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction ti~ereof iw the ap~w~~tment of s Receiver, such Co~rt shail Forrhwirh appoint a receiver of said mortgaged property all and sing~lsr, intlud~ng all and singulsr the incqme, profits, iuues ar.d revenuea from whatever ; sovrce derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as ii speciiically set fath ai+d described in the granting and habendum clauses hereof, and such Receiver shall have alf the broad and effecrive funct~ons and powas in anywise ent~usted by a Court to a Receiver, and s~ch appointmenf sha~l be made by such Court a: an admitted equity a~d a ma~ter of absolute rigM to sa'w~ MORTGAGEE, and without reference to the adequacy w inadequacy of the value of the property mw~gaged w to the soivency or insolvency of said MORTGAGOR w the deiendann, and rhat such renrs, profin, i~cane, issues and reve~ues shall be applied by such Reteiver accwd'uig to the lien w equity of ssid MORTGAGEE and the practice of such Court. , 8. To duly, promptly and fully perfwm, discharge, execute, eifect, complete, comply w~th and abick by each and every the stipu(ations, agreements, co~ditions and covenants in sa~d promiuory note and this mo~rgaqe set forth. 9. That in the event rhe ownersF~;p of Ihe mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuors and au~gns, may, wi~hout notice to the MORTGAOR, deal with such succeuw w successor in i~terest with re(erence to this n,or~gage and the deb~ hereby secured in the same manner as with ~IAorrgagw without in any way vitiating a d~ulwrging the Mortgagors' liability herr under d upon the debt hereby secured. Na sale of the premises hereby mortgaged and no iwbearance oe the parf of the MORTvAGEE or its successors or ass:g~s and rw extension of the time fw the payment of the debt hereby secured given by tF?e MORTGAGEE or its succtuors or assigns, ahafl operate ro release, dixharge, modily cha~~g¢ w affect the priginal liability of the MORTGAGOR he?ein, either in whole w ie part. 10. It is spec~fically agreed that time is of the essence of thi~ contract and thal no waiver of any obligation hereunder or of the obligafan se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of 1Fx instrume~t secured herby. Il. In add~tion to the fwego"ng monthty payments of princ'pal and interest required by tbe promissory note secured hereby, morfgagar covenants and agrees to pay to mortgagee xieh each monthiy payrnent an addirional sum est~mated by matgagee to be equal to 1/12 of the annual cost of the follow- ir,g: A-All real property taxes levied w assessed against the above desvibed real estate. B-Premiums o~ fire and windstorm insurar,ce as herein requ:red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mo~tgage guaranty insurar~ce as mo~tgagee shatl from t~me to time deem iit to carry on the ba~ secured hereby_ Mortgagee sfiatl from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be dve and ~ayable on the due date of the next monthly paymero and each successive month thereafter ur,til morlgagee shall notify mortgagw of a thange in such a~nount. Such sums sF.ail be applied by matgagee toward the paymenl of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set Fis hand and seal the day a year f' st aforesaid. n~d, Sealed and delivaed '+n the presence of: • aq aa S. ey _ cs~a~ Seaq rances G ve S7A7E OF FLORIDA ~ St . Luc ie u- couNrr oF ~ . Before me personally appeared WllllaS IVQy Frances G. ZV@y his w~fe, to me wel{ known•and known to me to be the irtdividvals desuibed in and who exetuted the for oi mstrument, and ackrawledged befote me tFwt they exeeut~d 1f~~ same for the purposes Rrances ~vey , , rherein expressed_ And the ssid - w~fe of the said W~lliam S. IVE''S/ • ^ t upai s sep~rMe "and private e~am~nation by me taken ~eparate and apart from her said husband, ack+wwledged to snd before me that she executfd, said:instrurrKM f'rsely~nd volun- fa~~ly and w~thout any compulsion, const.aint, appreheA s~on, or fear of or from her said husband. • *1C~•' , WITNESS my hand and official seal this ~~D day of Ma ~ r 72 ~ :0. a 19 y . . ~ - Notary Publ'~c i~ and for ths ~'ll~r;b ,~,ary~ . My Commiuion expires: ' i , * • . Return io: MOTARY ~Ibl1C? STATE d FLORIDA ~f URGE First federsl Savings 3 loan Association MY GOMMISSlON EXPIRES SEPT. 25, 1975 Of Fort P~erce. ~d~ ~ ~1!llCi~ ~~klf~ IIKYq11~ ~,p, Fort Pierce, Florida f1LE~ A~~ P.ECOROfO SS- NOCfP. PO~TitAS`A. This instrument Prepared By RiChatd K. Kay~1f,RK ~~'t~ EO ~~URt First Federal Savings 8 Loan Association aFG~a~ ~~a~' ~ of Fort Pierce ~ Florida ' S9 ~~~2 Checked By ~ ~ ~ 23Q4'76 ~ - ~0~202 ~~~559 ' r i JS ~ - _ x ~ ~ FS.~.~, i~' xK. i'~~ ~ t.Y~_ `r