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To place and continuously keep on the bui!dirgs now a hereafte~ situate on said land a~d on alt cquipment and personaliy tovered by this mp sgs, with aft premiums thereon pa~d in (ull, fire insurante en ~he usual standard polity form, in a sum approved by Ihe MORiGAGEE, ~nd winds~o insu~ante In the usual standard pol~cy form, in s sum approved by the MORTGAGEE, in such company or companies as tl+e MORTGAGEE m d~rect; ~nd ~II (ire and wind~~orm insuronce polic;ei on a~y oi ssid kw~td~rqi, any intereit fherein or part lhereof, in ths a99regate sum afaesaid In ~xceu lhereof, shall contain the usual standard mor~gagee clause a such o~he~ tlause ~s ths Mwfgageo msy requ~re, making tfie lo~s unda•sa~d po cies, each a~d every, psyab~e to said MORTGAGEE as its interesl may ~ppear, and each and eve~y such policy shatl be promptly ass gned and detive?ed i any held by uid MORiGAGEE as further secv~itY to said matgags debt, and, nol less tha~ ten (10) days in advance of the expiraYro~ of each policy, to d~ I~ver to wid MORTGAGEF a renewal thcreof, ~ogeih~r wi~h i rece~pt fw Ihe p?emium of such renewal; and ~here shall be no f~re or windsto~m insuranc placed on ~ny oi said buildings, any interest therein or part the~eof, unleu in tM torm and with the loss payable as afwesaid; and in 1he evenl any sun of mo~ey becomei payable u~der such policy w pol~ties said MORTGAGEE shall have the opt~on to ?eceiva and apply the same on account ot the indebted ~ess secured hgreby Or to permil said MORTGAGORS to rKeive and us0 if w any parl thereof for othcr µu~posrs, .wir,wt tFare o~ waiving oi ~mp.:ir ing a~y equity, lien or right undcv a by virtue of this ma!gage; and in the event tsid MORTGAGORS shall fw any reason fail to keep the said (xemises w ~ inaured, q fail b deliver promptly any of said polities of insurante to said MORTGAGEE, w fail promptly to pay fu~ly any premium Iherefor or in any ?espect fail to pe~form, discharge, execute, ei(ect, compfere, compty with and abids by Ihis rnvenant, a any part hereof, said MORiGAGEE may place and • pay fd such insurance ot sny part thereof wifhout waiving w aifetting any option, lien, equity, or right undet w by virtue of fhis Mortga~t, and the full amov~t oi each and every such paymem shall be immediately due ~nd payable and shall bear interesl from the date thereof vntil paid a1 the rate ot ~ n~ne per centum pe~ annum and toge?her with suth inte~est shsll be secured by the lien of this matgage. 4. To permit, commit or suHer no waste, impairment w deterioratio~ of said property or any part thereof. S. 7o pay all and sinpu~ar the costs, charga rnd expenses, inclvding a reasonable attorreey's fee and costs of abstracts of title, incurred w paid at any time by said MORTGAGfE, because or in the event of the failure on the parf of the said MORTGAGOR to duly, promptly and fully perform, distharge execute, effed, compkts, comply w~th and ab:de by each and every the stipulations, agreements, conditions, and covenants of said promiswry note a~d this mo~tgage any w eithe~, and sa~d costs, charges and expe~ses, each and eve~y, sMll bs immediately due and payable; whether a not there be r?orice de~ mand, attempt to mllect or svit pend~~g; and the fu!! amounl of each and every such paymenl shall bea~ interest from Ihe date thereof umil paid a1 the ra~e of nine per centum per a~~~um; a~w all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by Ihe lien of Ihi~ mortgage. 6. Thst (a) in the event of any breach of this Morfgage w default on the part of the MORTGAGOR, w(b) in the evenl any of ssid sums of money herein ~eferred to be not promptly and fully paid within thirty (30) days next afte~ Ihe same severatly become due and payable, wilhout demand or notice, or (c) in tha event each and every the stipulations, agreemc~ts, co~ditiau and covenants of sa:d promisso?y note and th~s mortgage any or ei?he? are nol iuly, promprty and fully performed, d;xharged, executed, effected, tompleted, complied with and abided ~ay, then in either p any such event the said ag gregate wm memioned in said prpmisswy note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall become dve and pay- able forthwith, or thereafter, at t!?e option of said MORiGAGEE, as fully and completely as if all of the said sums of money were aiginally st~pulated to be paid on such day, anything in sa:d promissory note or in this Mortgage to Ihe contrary notwithstanding; and thereupon w lhereafter at the qption of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begu~, may be prosecvted as if all morxys secured hereby had matured p?~pr 1o its institution. 7. Thst in the event that at the beginning of or at any time pending any suit upon this Mwtgage, w to foretlose it, w to reform it, or to enforte payment of any claims he~cunder, said MORTGAGEE shatl apply fo the Gourt having jurisd~ction thereof for !he appo~ntment of a Rtceiver, s~ch Court shall Fur!hwith appoint a receiver of wid mortgaged property all and singular, indud~ng all and singular fhe income, pro(its, iuues a~d revenues from whatever source derived, each and every of whKh, it being expressly understood, is hereby mortgaged as if specifically ut forth and described in the g~a~ti~g and habendum clauses hereof, and such Receiver shaii have all the broad and effecrive furrct~ons and powers in anyw~u emruated by ~ Court to a Receiver, and such appointment shail be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without -reference to the adequacy w inadequacy of the vatue of the property mptgaged or to the solvency or insolvency of said MORiGAGOR or the defendants, and that such renrs, profits, irxome, issucs and revenves sF~all be applied by such Receiver according to the lien or equity of uid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fulty perfwm, discharge, execute, eftect, complete, comply with and abide by each and every the stipulations, agreements, conditans and covenanrs in sa~d promissory note and this mwtgage sei forth. 9. Ti,at in the even) the ownership of the mortgaged"premises, w any part thereof, becomes vested in s person other than the MORTGAGOR, the MORTGAGEE, its succeuws and ass~gns, may, without notice to the A10RTGAOR, deal with such successor a svcceuor in interest with reference to this mortgage and the debt F~r.veby srcured in the same manner as with Mortgagor withouf in any way vit;ating or distharging 1he Mortgagori liability here- under or upon the debt hereby secured_ No sale oi ~he premises hereby mortgaged and no iprbearance on th~ part of the MORTGAGEE w its svctessors or assigns and no extension of the time for the payment of the deb+ he.eby secured given by the MORTGAGEE or its successws or auigns, utiall operate to release, dixharge, modify change w affect the origi~al liability of the MORTGAGOR herein, either in whole or i~ par1. : 10. It is specifically agreed that time is of the esunce of this contrad and that no waiver of any obligation hereurder or of the obligation se- cured hereby shall at any time thereafter be held to be a waive? of the terms hereof or of the instrument secured herby. 11. In add;tio~ to 1he forego:ng monthly payments of prinCpal and interest required by the p~omiswry note secvred hereby, mortgagor covenants and agrres !o pay to mortgagee with eath monthly pay~~ient an addirional sum est~mated by matgagee to be equal to 1 j" 12 of the annual cost of the follow- ing: i A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorrn insurar.ce as herein requ~red to be tarried on the improvements situate on the above described premise: C-V~emiums on sucb morfgage guaranty insurar.te as morfgagee shall from time to time deem fif to carry on the loan secured hereby. Mortgagee shail irom time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and cayable on the due date of the next monthly payment and each successive month thereafte~ ur.til mortgagee shalt notify mortgagor of a change in such a~~~ounl. $uch sums sF.aii be applied by mo~tgagee toward the payment of real property tazes, insurance {xem:ums, a~xl m~rtgage guaranty insurance p; emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year ' st af esa' . Sig~ed, Sealed and delivered in the preser~ce of: Q ; ~ . ; ' ~ " Lll T. 1'~CI,S ~ . ~s~ . _ ' 8T1 ~'jC Seaq (SeaO STATE OF FLORIDA S5. COUtVTY OF ''St'• ~C~ ~ Befwe me persona(ly appeared P811~. T+• KC~11~~11 a~ ~8r1' ~`~1uQ~'1?`~] his wife, to me well known and known to me fo be the individuals described in and who executed the fwegang instr~rtKnt, and scknowledged befwe me that they executed the sarrk for the purpose~ therein expressed. And the said ~8I'1 ~.'~11~~21 wife of the taid P8~ I'• ~~u~~ upon s separate and privste examinatio~ by me taken separate and apan from her said husband, adcrawledged fo and before me tF?at sbe executed said instrumeM ~f~ee~y and volun- ra~~{y a~ w~thout any compulsion, constrainl, apprehension, or fear of w from her said husband. . t.1• - WITNESS my hand and official sea! this o7~I.~~ day of ` ~ t~`~~r.: -Y . ~ ~ . ~ - otary Public i iw the t!' i1- Lsrye • My Commission expites: ' . : , _ Retum To: . / , • r~~~ ' . ' ' I~ -:~9- tS' ~ ` r ' First Federal Savings b loan Association , . ~ ~ _ • , ~ Of Fort P~erce. t.`? fort Pie~ce, Flwida Aho ~~C RpEe :~+•,-r- ~ F~LEO ~r F~~. • ~ :T ; ~ st. ~uc?~ couM aocEP_? ~ij couat ~ IEaK ~'':~Ea_~r~ This Instrument Prepared By J. A. RDb~"ti8~ v~'~" First Federal Savings 8 Loan Association of Fort Pierc~ F102'1d8 ~1.~ S9 ~ Checked By ~ ~ ~a~~ BOOR~z PASf ~.W~ ~S ~ - _ ~ ~ > - - - - - , -