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To piace and continuously kaep o~ tne b~l'd;r3s no~ or he~eafter situate on sa~d land and on al; eq~;pn,ent and persenally coverad by lhis mo~ ege, with all premiuint Ihc~eon pa d in fuil, fn~ insurante in the usual ita~~ard po'~cy form, in a wm aHpioved by ihe h10R~GAGEE, a~~d w::~dsto :nsurance in the ~s~al sTanda.d po: cy for,n, in a s~m approved by tne MORTGAGEf, in such ca~~pany or com, an~es as the M.ORiGAGEE m d~secr, and all lire acd w~rsdstorm insurance pol~c~es on any o1 sa~d liuild~ngs, any inrerest the~ein or pa.t th~reo(, in ~he ayg~cga~c sum aforesaid in extess ~hercof, shall ;on~,.in the uswl star.ciard ~nortgagee dause or suth other tl~~se as the Mo~tyagec may rey~~re, maL+n9 the ~o;s undr~ s3,d po c~es, each and every, payob'e ro s.~~d A10RIGAtiEE as ~ts intcrast may appear, and each and eve•y wch po:uy shall be prompity ais g~~ed and dz:i~rrrd ~ any held by sa~d MORfGAGEE as ivr~her srwrity to said mortgage debt, and, not less than ?en (10) days in ~d~ar.ce o( thz expi.et~on of ea:h policy, to d~ Irve? fo sa~d :V10RTGAGEE a re~~ewal thereof, togethtt witA e rece~pt fo~ Ihe p~emium of svch ~eneaal; j~~d tnrre sl~a,l ba no i~re or w+~~dsto~m inswanc placed on any of said build~ngs, any imeresl therem w part thereof, unless in the fonn and wnh ihe loss payabie as a(orese~d; and in the e~ent any sun of money be;omes payabte under suth policy or potic~es said MORT(',AGEE sh311 have tt~ opt~on ro rec•_ive and apN!y the same on accovnt of ~he i~~drbt~•d ness securrd Ire~~by w to perm;l sa;d fAORIGAGORS ro recerve and use it a any part the:rof io~ o:~~• r H~r, ~s.~s, .:.ih~•..r ih:~.u; ~~::~i,~ u~+~~p..~~ ~ng any equ~ty, I~en ot right uncler w by virtue of this mc:tgage; and in th~ event sa:d MORiGAGUR$ shall :or any reason fai! to kcep ~he sa~d premiscs so insured, or fail to deiiver promptly any o1 said pofcies of iniwante To said MORiGAGEE, or fa~l p:omptly to pay fu:ty any prem~~m thc~efo~ or in a~y respect fail to pe~form, d~scharge, execute, effect, comple~e, comply wi~h and abide by Ihls covenant, or any pert h,;rzof, sa~d h5GR1vAGEE may piace a~~d pay for such insur.inte or any part thrrcof without waiving or affetting any option, lien, equity, or righr under or by virtue ot this A1o~~gage, and the tull amoun~ of tach and every such paymam shap be immediately due and payable and shatl bear interest from the data thereof until paid at the rate oi nine per cenwm per annwn and to~ethe~ with suth inter~at shail be sxu~ed by 1he lien of this morlgage. To permit, tommit or suffer no waste, impairment w deterioration of said property or any part thereof. 5. To pay all a.xl s~ngular the costs, charges and expenszs, inctudi~g a reasonab!e atrorney's fee and costs of abstratts of title, incurred o~ pa~d at any tim.e by sa~d MORTGAG'_E, because or in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. exec~te, etfect, comp;ete, wmply w:th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenan~s oi sa~d pro:nissory note and rhis n,ortgage any or eirher, and sa:d coit~, charges and expenses, ench and every, sfiall be immediately due and payable; whether w no1 there 6e not;ce d~ rnand, anempt ro co!lect or suit pend~ng; and ~he full amount of each a~d every such payment shall bear in~erest from the date thereof until paid at the ~.~r~ of .une per centum prr aunu:n; a,~~ ai( said cosn, charges a~id expa~zses incurred or paid, togethar wah wch interest, shall be secured by the Iien of this mortgage. ~ b. Tha1 (a) in the event of any breach of this Mo~tga9e or defaut? on the part of the MORTGAGOR, o~ ;b) in the event any of sa;d sums of mo~ey `~:~rein referred to be not promptly and lully paid within thnty (301 days nexf aiter the same severalty beto~ne due and payable, wi~hout demand or notice, or (c) in the event each and every the stipu~at~ons, agreernents, cond~tions and covenants of sa d promissory notr and th~s mortgage .a~y or either a~e not ~uly, promptty and futly peifo:med, d.echarg~d, execWed, effected, completed, compl~ed wnh and ab~ded 4y, then in e~ther cx any such event tlte sa~d ag gregate sum menNoned in sa~d pror~,~sso~y note ~hen ~e+na;ning unpaid, with infere,t accrued, and a11 mo~eya setured hereby, shall become due and pay- aole forthvvith, or thereafte~, at ihe opr:on of sa~d MORTGAGEE, as tuliy and completely as i( aIl of the sa~d s~ms of money were or~ginaUy stipuiated ro be patd on such doy, anything in sa.d prom~:sory note or in this Mortqage to ~he conrrary norwirhstand~ng; and ~here~pon w thereafter at the opi~on of :a~d MORTGAGEE, vvithout notice or demand, suit at law w in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby nsd matured pnor to its inatitution. 7. That in the event ~hat at the beyinn~ng of or at any time pe~ding any suif upon this Mo~tgage, or to fwedose ~t, or to refo~m i~, or fo enforce paymenr oF any c!3ims here~nder, sald MORTGAGEE sha11 apply to the Court hav~r.g jurisd.ction ~hereof for the appo~ntment of a Receiver, auch Court shail forrhWith appo6nt a receiver ol said mertgagc-d property all and sin~u~ar, in~ludmg atl and singuisr ~he income, profits, issues and revenues from whatever source de~ived, each and every of wh.ch, fr be~ng expressly undeniood, ~s hereby morrgaged as if spec~fica{ly set forth and described in the granting and h3bendum ciauses hereof, and svch Rece~ver shaH havr all the broad and effective funct:ons and powers in anyw~se entr~sted by a Cou~t to a Receiver, and s_ch appointment shall be made by such Court as an admitted eq~ify and a matter of absoiute right to said MORTGAGfE, and wirhouf reference to the adequaq w inadeq~acy of the value of the property mongaged or to the so.vency or ~nsoi~ency o1 sa~d MORiGAGOR or the defzndants, and tha! such renu, profits, incane, issues and revenues shatl be applied by such Receive~ accordu~g to the Gen or equity of sa~d MORiGAGEE and ihe practice of such Court. 8. To duly, prompt:y and fuily perform, discharge, execute, effect, compiete, comply with and abide by each and every the stipulations, agreements, condileons and covenams ,n sa~d promissory rrote and th;s mortgage set forth. 9. That in the event tFe ownership of thz mortgaged p:en,ises, or any part thereof, 6ecumes vested in a pery~n other tha~ the MORTGAGOR, the .ti•ORTGAGEE, its successors and assrgns, may, v.ithout r.ofice to the A10RTGAOR, deal ~,~;ith such successor or sutcessor in imerest with reference tu thia ~~or+gage and the d:bf hereby secured in the same manner as with Morigago. without in any way vit:ating or d~scharging the hlortgagors' liability here- ~nder or upon the debt hereby secured. No saie of ihe p:emises hereby mor~gaged ar.d no forbea~aRCe on 1he pan of the J1lORTGAGEE or its successors cr assigns and no eatens~on of the rima for the payment of the debt hereby setured g~ven by the MORTGAGEE or its successws or ass~gns, a~~all operate to re~ease, d~acharge, modify change or affect the orig~nal liab~l~ty of the MARTGAGpR Ixrein, either in whole or in part. 10. It is specif~cally agreed that time is of the essence of this contrad and that ~o waiver of a~y obl~yat~on hereunder a of 1he obligation se- c~red bereby shalt at any time thereafter be he;d to be a waiver oF ~he terms hereof or of the instrumeN secured herby. 11. ~n add.tioo to the foregc ng month'y paym^nts of pri~c pal and i,~teresf requ~red by the prom~sscry notc sewred hereby, mo: tgagor eovenants +^.d ag~~es to pay to mongagee ~nith each month'y payn,em an add.rional sum est~mated by mortgagee to be eq~at to 1, 12 of t6e annuat cost of the follow- , A-.11t real prope.ty taxas lev~ed or assesv_-d a~a~~st the above described real estate. B-Pr~n:wms on ffre ar:d windsto•m insur~~ ce as herein requ~red to be carried e~ the improvem?~~S s~tuate on the above d~scr;bed premises. C-Premiun~s on wch mortg~ge guaranty ir.wrar.ce as morrgagee shall from t me to time deem fit to carry on the toan sec~red hereby. blortgagee sha+f f~om nme to r~~„e nonf; merrgagcr in w~iting of the am.owt due and peyable hereundar and such surn shaii thereupon be due and :.,yabte on thr due dare uf the ~e~•xt n;onth!~ p,y~nent and eoch successive month the~eafter u~:til mortgagee shall notify mortgagor of a change in such ~.o~rtt_ $uch sums s~a:i be app:ied by mortgay.~e toyvard the payment of real p~ope~ty taxes, insurance pren~.~ms, a~~d mortqage guaranty inw~ante ;rerniums. IN V~?TNESS ~YH:R~OF, the sa;d MORTGAGOR has hereunto set his hand and seal the day and year first afor id. ~ ed, .Sealed and de 'vered in 1he presence of: r - ~ • ~ls~~ _ _ ~ ~ " So h s Petersen ~~ai~ , _ _ ($ea1) ~ - E11 etersen ~~a~~ i j S~ ATE OF FLORIDA ~ ~ ~JUNTY Of St. Lucie ~ ~ Before me personally appeared $OpElUS Petersen and ~ - ~ Elly Petersen _ h;, wife, to me we~l kno~1 andkrawn to me to be r~~e individ~als described in and who executed fhe fwegoing insfrumeM, and acknowSedged before me that they e:ecuted '1hi sa~ns fot tM purposes Elly Petersen ' rhere~n expressed. And the sa;d_ ~ F h~fe of the said _ SOp~'1U5 Peters~n ' • upon a seps~~le snd private E e¦aminat~on by me taken separate and apart irom her sa~d husband, acknowledged to and before me that she executkd seid iristrumeM fi'eely and volum r rar~ty and w~thout any compulsron, consna~M, apprehens~on, r tear of or fr~m her said husband. W1TNfS5 my hand and official seal this_ day of e ~ ~A. D. 19 72 ~ . . . Notary Pubtic in and for the 51e1~ bf Ibrida at Larqe 's My Comm~ssion expires: ; Rerum To: NOTARY PU C. STATE ~~pR~pp ~~p~E k F~rst Federal Sayings a loan Assodat~on MY COMMIS$ION EXPIRES SEPT, 25, 1975 - ot F~.r v~,«. donoed Br American Sanken Insurance Co. ; iort Pk_•rce, Flor~da I : ftlEfi :+N^ RECOROEO t < ST.lUCit C4UMTIf FLA. ROGE., ~~~-p45 ~ This Instrument Prepared By John W. Collins CIEQF• C:~::~.i~~ COtlRt First Federal Savings & loan Association pErn?^, YFT~%iE~`.._aJ: ,j ~ of Fort Pierce , F lor ida u + Checked By ~ ~ ~ 1~ ~n'~~ ~ ~ ; 23Q'7'73 0 ~ = soox ~ f ~ . { ~ ~~A ~ ~ - - ` ~ ~Y}3.~ yi ~ _ q,~'`Y' .'w-~ . 3 ti.~.-~ . "'"f~~.~'~,.-v~~: