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To p:.+cr ~nd cont~nuous!y kerp on the bu~'Jings no~nr o~ heraafter s+tuate on said ~and and on al; equ~p~nen~ and personally cover~d by th~s mof ege, w~th all pren::u:r~s therro~ Hs d~n fuU, fire ir,s~ra~~ce :n ihe ~s~ai s~a~~d,~fd pol~cy form, in a s~~n aFpfu.ad by ~ha hlORlvAGi:[, and w~t~dsro ~~s~rance in the ~suai ifand~rd po;.cy fonn, in a wm approved by rhe h10RiGAGEE, in such tompany o~ tompanies as the MORTGAGEE m direct; and alt (icr acd wandalorm ir~s~~,~nce pol~c~es on any of sa:d buitd~ngs, any inrerest therein or pan the+eoE, in fhe agg~egate su~n afo~esaid in excess ihereof, sl,j!) ;Jnt~,n the uw:.l sta:~dxd morrgagee da~se o? such o~her c~ause as the Mortga~ee may requ.re, maMing thr ~oss unda~ s~~d po c~es, each and every, pa~a~:e to sa~d ~1~JRiGAGEE as ~ts ]mer:st may appear, and each and every zuch po:~c/ shdtl be promp~ty assg~~ed a~~d de+~~-a.rd ~ any held by sa~d htORIGAGEE as fu.rh~r s:wr~ty ro s3id n:ongoge debf, and, not less than trn (101 days in ad..~nce of the eapirat;on of each po6cy, lo d~ Gver to so~d MOR~GAGFE a renewal thereoi, toge~her with a rece~pt fw the prem~um of such re+~e~na!; a~~d thrre sha11 be no f~re or windstonn i~uuranc placed on any oi said bu~ld~ngs, a~y intcrest there~n w part thzreoi, vntess in the for~n ar~d with the ioss payable as afwesoid; a~d i~~ the evem any a~n of money becornes payable undrr s~ch policy or poLc~cs sa~d MORiGAGEE shall have the opt~on ~o r~ca~vc .,~id app!y tha sa~na on account of the indabt~d ~rss secured har~by or to perm~t sa~d ~A~RTGAGORS to rec~•i~e and use it or any par~ the:rof tor o:~~• r ~un ~s_•s. ~.:eh~.,r rh u: ,r.:~~i ,:r „r,p,,,. ~ng any equ~ty, lien w r~ght under o~ by vl:we ot th;s morrgage; and in thr event sa:d MORTGAGORS sha:l :or any ~c~son fa~l to krep the sa~d prem~ses so insured, or fail to detive~ promptiy any of said pol~e:es of insu~ance ro aa~d MORiGAGEE, o~ fa~t p:o~r.pely to pay fu~ly any pre~n~wn thcrrfor or in any respect fail to pe~form, d~scha.ge, execu~e, effect, taupfeir, co:npty wirh and ab~de by this coven~n~, w any o.~rt hereof, sa~d MORIvAGEE may piace a•~o pay tw such insuronce or any pa~t thereo) wnhoW waiving w alfeding any option, Gen, equ~ty, or ngM under or by virtue of th~s htiortgage, and thc fvll anwunt of each a~d every s~~ch payment shall Ge immediately d~e and payable and sha11 brar interest irom tha date thereoF until p..+d at the rate ol nine per cent~m per ann~:n ant! to~rther wnh suth inter~s~ shaii be secured by the lien of this mo:Igage. 0. To permit, commit or suffer no waste, impairmrnt w deteriaration of said property ot any parl thereof. 5. To pay all and sing~tar the costs, charges and expenses, induding a reaionabie attor~ey's fee and costs of abstracts of UNe, inwrred or paid at any time by sa~d MORiGAGEE, becavse or in ~he e4ent of the fa~fure on the part o( the said htORiGA(',pit ro duly, promprly and fui~y par(flrm, dscharge. exec~fe, ei(ec?, toenp;ete, comply w~th and ab de by each and every the s~ipulat~ons, agreements, tond~t~ons, and tovenants of sa~d pro~nissory note and th~s mortgage any or either, and sa:d costs, charges and expenses, each and eve~y, shall be immrdlately due and payable; whether p not the~e be no~~ce da mand, attempl to co(tect or suit pend~ng; and thr fu!! amount of each and eYery such payment shall bear mterest from ~he date thereof unril pald al the ~.r~e oj nine per cantum pcr onn~:n; ~nd aiI so~d costs, cnarges and cxpens~=s ~ncurred w paid, together w~th such interest, shall be sec~red by the lien of th~i mortgage. ' 6. That (a) in the event of arty breach of this Mortgage o~ default on the part of the b10RTGAG'JR, or ;b) in the eveM any oi sa:d sums of money herein referrcd to be not pro.nptly and tully paid within th~rty (30) days nex~ a:re~ the same sere~a'ly beco~ne dve and payabte, w~thout demand or notice. er ~c) in thr event each and every ~he st~pulaGons, agreements, cendir~ons and covenants of SB.d F[O~niSSGry note and th~s moregage any w e~thrr are no1 ~u:y, promp~ly and iul:y ~xiformed, d.scharged, exrc~ted, eifected, canpleted, complied with and ab~ded tiy, then in e~ther or any such event the sald ag g~egate s~m menf~oned in sa~d promfssory note t!~rn remaining unpaid, with iroe~est accrued, and a~l monrys secured hereby, shaf! become dve and pay- ible forthw~th, or therea{ter, at the opt~on of sa~d AIc7R7GAGEE, as fvlly anr! comp;etely as if all of the sa~d sums of money were onginally st~pu~afed to be pa:d on such d~y, anythir.g in sa:d pro~n~ssory note or in this Mortgage to ?he ton~rary not,'v~ihs~anduig; and thcrcupon w thereafter at the ophon of sa~d MORTGAGEE, without no~~ce or demand, wit at law w in equity, therefore or tAereafrer begun, may be prosecuted as if al! moneys secwed he~eby n~d maw~ed pr,or to ns instit~tion. That in ~he event that at the beginni~eg of or at any time pend~n9 any su~t upon this Mortgage, w to fo.eclose it, or to reform i?, or to enforce payment of any c~a~~ns he~eunder, sa~d 111pRTGAGEE shall apply to the Court having jur~sd:c~~o~ thereof tor ~he appointment of a Receiver, such ~ourt shail forrhwifh appoiM a receive~ of said mortgagad property all and singu:ar, inciud:ng all and sing~lar the income, p~ofds, issves and reve~ves .`rom whatever s~wrce derived, each and every of wh:ch, if being Pxpressty undeniood, is hereby mertgaged as if spec~ficafly set forth and deuribed in the grami~g and h,~¢ndum da~ses herrof, and wch Recei~er shali harr alf the b~cad and effecrive funct.ons and powers in anywise env~sted by a Cou.t to a Receiver, and s~:h appointmenl shaU be made by such Court as an admitted equ~ty and a maner of absolute right to sa]d MORTGAGEE, and wi~hout reference to the ~-'~:C~UuCy Of inadequacy of the value of the property mo.tgaged or to thr so,vency or ~nso:vency of sa~d ARORlGAGOR or the deie~~dants, and that such re~rs, p~ofits, in~o•ne, issues and revenues shall be apptied ty such Receiver accord,ng to the lien or equiry of said MORTGAGEE and the p~act~ce of such CouA. 8. To duly, promptly and fui!y periorm, d~scharge, execute, effect, complete, cort~pty with and abide by each and every the stipulat:ans, agreements, conditions and covenanrs ~n sa~d prom;ssory nore and this mortgage set forth. 9. That in the event the ovvnership of the mortgaged premises, or any parf ti~ereof, becomes vested in a person oiher than the MORTGAGOR, the M.ORTGAGEE, its wccezs~s and assgns, may, w~shout notice to the MORTGAOR, deat whh such successw or successor in interest with reference to this n,o~tgage and rhe deuf hereby secured in the same manne~ as with Mo»gagor w~fhout in any way vit:ating or dncharging the Nbrtgagori fiability here- under or upon the drot hereby secured. No safe of the Fremiges h~reby mortgaged and no forbearance on the part of the IdORTGAGEE or ity successors or ass~g~s and no exrenslon of ~he time for the paymznt of the debt hereby secured g~ven by tt~e R1pRTGAGEE or its successas or ass~gns, ahall operate fo release, d~scharge, modify change or aflect the o~ig~nal liab~t~ty of the MORTGAGOR here~n; either in whole or in part, 10. It is spec~f;catly agreed that time is of the essence of this contract and that no waiver oi any obligat~on hereunder or of the obligation se- cured hereby sha11 at any time thereafter be he~d ro be a waiver of the terms hereo( w of the instrument secured herby_ 11. In a:id.t;o~ to tFe fe:ege ng month'y payments of princ pai and interest required by the prom'ssery no!e sctured hereby, mortgagor covenants .nd agr~es to pay to mortgagee w~rh each ~,,:.nrh;y pay~r.ent an add~~~onal sum esnmared by mortgagee ro be eq~al to 1; 12 of N~e amual cost of the tollow- A-AI! rea: property tax,s levied or assessed agal~st the above described reaf es:ate. 6- Pr ~rr.~u ~s on fire and wir.ds!o•m insurarce as here+n requ;red to be carried on the improveme~ts situate on the above d_scribed premises. C-Pre:n~umS on wch morf9dc~e 9ud~a.^.ty irsurdr~~e as mortgagee shall frem t~me to tirne deem fit to carry on the Iqan secured hereby. hlortgagee stia'1 frcm t~mp to t~:*:e notily mcrtgager in writ~r.g of the ar.~ou~t d~c and payablr hereundar and such sum shall Thereupon be due and ' : ryable o~ ~h~• u~e da!< of the ne.; mo~th!~ payment and each successive month thereafr. ur.ti! mortgagee sball noGfy mortgagor of a change in such ,~~ounr. S~ch sums s~a.i f~e appi~ed by n,ortgag?e ro.~ard the payment of real property taxes, insurance pren;:ums, a~~d mortgage guaranty insurance .>•emiums. N\VIiNE55 :/iiEREOF, the sa~d MORTGkGQR has hereunto set his har~d and seal the day and year first aforesaid. ig ed, Sea!ed and d'vered in the presence of: ~~/rG ~L n.t : _ , Clegg (s~aq (Sesq ~~X~6~_ ~r~ _ ~ ' (5eafj Patricia J. Cl ~~a~~ SiATE OF FIORIDA ~ SL. L11C1Q SS' ' ~OUNiY OF ~ ' 8efore me personatly appeared GdI V~. ~le~Q and _ Patricia .T Clega his wife, to me well know~ and known to me to be tha individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the wme fw t(x purposes rherei~ expressed. And the :a~a_ PatriGia .j. C.ZeQq ' 0 Nife of ~he :a~d _Ga~E. Clegg upo,~,~ ~ep~,ate and p.ivare e.aminat~on by me taken separate arrd apart from her said husband, acknowledged to and before me that ahe executed.•tiid i~slrtiment froely and volurr ra•ily and w~thovt any compwsion, constraint, apprehe s~on, r fea~ of or fram her aaid husband. WITNESS my hand and off~c~al seaf th~s_ day of June ' A. D. 19 72 Noeary PubGc in and for t~e.State of F ids at iuye Retum To: My Comm~ssion expires: ` • First federat Sa~ings 6 loan Associat;on ~r~Y P~BL'C of Fo.r P.. ~c:. ~~ATE af FLORIOA at IARGE MY COMMlSSION Exp~gES SEPT, 25, I9j5 fort P~erce. Flor~d3 gp~d~ B Y Amencan Bankerg Inwnnce Cp, FlIED ~MC ~ECO~Of~ 57. tUC1E CJbHTY FLA- t• aOCin -'~;ii15 This :nstrument Prepared By John W. Col ~~~RT V First Federa{ Savin & Loan Association ~"'~~k~~~En~ gs of Fort Pierce ~ Flor ida 5 3 14 1 M~~ Z ~ Checked By 230'7'75 BoaK 203 PacE s - ^ _ s : ~ ~ ~ . ` - -3 I~ ~ ~ ~~t~~~' ~ ~ . _ . . ~ ~