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To place and contin~ousty keep on ehe bui!dings now,w hereaiter ~~~uate on sa~d land and on all cquipment and perso~ally cove~ed by this ma f age, w~th alt prem~ums thrreon pa~d in 1ult, }irc insurance in the usual standard po~iq form, in a svm appruved by tha MOR~GAGEE, a~d w~ndsto i insurance in the usual standard pol.cy fOrm. in a wm approvrd by the MORTGAGEE, i~ such tompany ot to.npan~es as the MORTGAGEE m direcl; a~d all iire and w~ndsw~m insurante poliues on any of said build~ngs, any interest therein or parl thereot, in the ag9~egate sum aforesaid ; in ea-ess ~hereof, shali :ontain the uwal sta~~dard morrgagee :lause w suth other dause as the Mortgagce may requ~re, making the ~osa undr. sa~d po cies, ea<h and every, payab!e to said h10RTGAGEE as ~ts int~rest may appear, and each and every such po!icy shall be prompt~y ass gnFd a~d delivered ~ ~ any held by sa~d h10RTGAGEE as tu~~her secu~ity to said mortgage debt, and, not less than ten (10) days in advance of fhe expirat~on of each policy, to d~ Gver ~o sa~d MORTGAGEE a ienewal thereof, toge~her wirh a rece~pt for ~he premium oi such renewal; and ~he~e shall be no i~re or w~~~dsronn inauranc p~aced on any o( said buildings, any interest there~n a parl Ihereof, un!ess in the ~orm and with the lois payabie as afo~esaid; and in the event any sun of money becomes payable undar such policy or ppGcies said MORTGAGEE ahall have the opt~on to rcYrive and apply ihe wme on account of the indrb:rd ness secured hereby w to perm~t aa~d MORTGAGOR$ to receive and use it a any part th•.:eof tor c:i~rr pur~ os~~s. ,•.~~h,~t th;~~ ur .v~~~~ c~ ~~t~p~~~ ~ng any equ~ty, I~en w rlqht under or by virtue of thi: mo:~gage; and in ~he event sa~d MORTGAGORS shall ior any reason fail to keep the sa~d prem~srs so ~nsured, a fait to deliver promptly any of said policies of insurance to sa~d MORTGAGEE, or fail pro~rjpt~y to pay fuily any pre~nium therefor or in a~y resped fail to per(wm, d~scharge, e:ecute, effect, comptete, comply with and abide by this cove~ant, a any part hrreof, sa~d MGRTGAGEE may place a~~q pay for such insurance or any pa~t ihereof wi~hout waiving w affecting any option, lien, equity, or i~ght u~der w by v~rtue of th~s Moregage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from ihe date thereoi until po~d at the rate ol n~ne per centum per annum and to~ether vvith such interest shali be secured by the lien of this mottgage. , t. To permit, commit or sutfer no waste, impairment w deterioration of sa~d property or any part thereof. S. To pay all a~d sin9ulsr the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of tit!e, incurred or paid at any tim,e by said MORiGAG:E, because w in the event of the failure on the par~ of the said MORTGAGOR to duly, promptly and fully pe~lorm, d~scharge. e,cecute, e(ied, complete, comply w~th and ab:de by each and every the stipulations, agreements, tonditions, and covena~~rs of sa~d pranissory note and ihis mo~tgage any or e~ther, and sa:d costs, charges and eapenses, each and every, shall lx immediately due and payable; whether or not there be nohce dr mand, attempt to collect w s~it pend~ng; and :he fut! amount of each a~d every such payment shul! bea~ inte~est from the date ~hereof until paid at the ~.+r~ oi nine per c~~ntum pcr an~~u:n; and aii said costs. charges and exprnses incurred or paid, together w~th such interest, shall be secured by the lien oi th~s mortgaqe. 6. That (a} in the event of any breach of this Mortgage or defaul? on ~he part of the MORTGAGOR, or ~b) in the event sny of sa:d sums of money he:ein referred to be oot prompdy and fully paid w~rhin th~rty (30) days neat afrer the same severatty become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agree~nents, conditions and covenants of sa.d promisso~y note and ih~s mortgage any or cither are not iuly, prompNy and iully pe~fwmed, d.schargzd, executed, eifected, completed, compl~ed with and ahided 5y, then in e~ther w any such event the said ag ~regate sum mentioned in said prom~sswy note then re~naining unpa~d, with inte~est atcr~ed, and aIl moneys setured hereby, shall betome due and pay- ab~e forthwith, or thereaher, at the opt~on of sa~d MORTGAGEE, as fulty and complete~y as ii alt of the said sums of money w•ere onginally shpulated i to be pa~d on such dzy, anything in sa:d prom~ssory nofe w in this Mwtgage ~o fhe conrrary noiwi~hsranding; and ~hereupon or thereafter a~ the op~~on o( sa~d MORTGAGEE, without nonce or demand, suit at law w in eqwty, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby t nad matured pr~w to ~ts institut~on. 7. That in the event rhat at the beginn~ng of o~ at any time pending any suit upon this Mortgage, or to faedose it, w to reform it, or to en(orce payment of any claims he~eunder, said MORTGAGE: shal! appty to the Court having jur~sd~ction thereoF (or ~he appo~ntment of a Receiver, such Cou~t shaH fcrthwith appoint a~ece~ver of said mortgagrd property all and singular, inciud~ng ail and singular the income, profira, issues ar.d revenues fro~n whatever source derived, each and every of whrch, it be]ng express!y understood, is hereby morr4aged as if specrfical:y set forth and desuibed in the granting and hsbendum dauses hereof, and such Receiver shalf have all the bruad and effecr~ve funct~o~~s and powera in anywne env~sted by a Cou+t to a Receiver, and such appointment shalt be made by such Court as an admitted equity and a ma~te~ of absolute right to said MORTGAGEE, and wiihout reference to the adequacy w inadequacy of the value of the property mortgaged or to the so:vency or ~nsotvency o1 sa~d MORTGAGOR or the defendants, and that such rems, profits, incane, ~ssues and revenues shall be applied by such Receiver accord~ng to the lien or equity o1 said MORTGAGEE and the practice of such Court. " 8. To dut rom tl and full rform, disthar e, execute, effect, corre lete, com 1 with and abide b each and ever the sti ulations, a reements, ' Y. P P Y Y Pe 9 P P Y Y Y P 9 conditions and covenants in sa~d promissory no:e and this mortgage set forth. E 9. That in the event the ownership of the mortgaged premises, w any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the ,ti!ORTGAGEE, its successo~s and ass~gns, may, wirFw~r rsotice to the ~V10RTGAOR, deal with such successw or successw in interes~ with re(erence to this ' mortgage and the debt hereby secured in the same manner as w~~h Ntortgago~ without in any way vit~ating or d~schargirig the Nlortgagors' liabit~ty here- under or upon the debt hereby secured. No sate of the premises hereby mortgaged and no forbearance on the part of the IdORiGAGEE w its successon ; or assigns and no extens~on of the time tor ~he payment of the debt hereby secu~ed given by the MORTGAGEE or its successors w ass:gns, a~iaH operate 7 ~o release, d~scharge, modify change or affect the orig~nal :iab~Gty of the MORTGAGOR herein, either in whole or in part. 10. It is speufically a9reed rhat time is of the essence of this contract and that no waiver of any ob~igat~on hereunder w of the obligation se- ; c~red hereby shalt at any time thereaher be held to be a wa~ver of the terms hereo} w of the instrumer.t sec~red he~by. I1. In addnion to the iorego n9 monthly paym~nts of princ paf and interest required by the prom:ssory no'e scwred hereby, mortgagor tovenants ard agrees to pay to mo-tgagee ~n~th each month!y payr.:ent an add:rional sum est~mated by mortgagee to be eq~al to 1, 12 of the ann~al cost of the follow- ~n~: ~ A-All real proFerty ta:rs lev~ed o. assessed agai~st fh~ above described real estate. i B--Premlums on fire ar.d wir.tiuorm insurar.ce as here~n req~:red to be ca{riFd on the fmpiovements s~tuate on the above described premises. 'i C-Premiums on such ~nongage guaranty ir.sura~.ce as mo~tgagee shail from t;me to time deem fit to ca+ry on the Idan secured hereby. i - ~ Mortgagee sho~l from nme to nme notrfy morrgagor m wnnng of the amount d~e and payable hereundrr and such su:n shall thereupon be due and f : ayable on the due date of ~he nexs month!y payment and each successive month thereatter ur.ti{ mortgagee shall not~fy mortgagor of a change in such ount. Such sums sFail be app:~ed by mortgagee toward the payment of rea! property taaes, insurence prem.ums, and mortgage guaranty insurance ~ emiums. { IN YJITNE55 V:HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day lirst aforesaid. ~ Signed, Sealed and delivered in the presence of: ! FlLEO 4~tG R~COADEO ~a~~ ~ ST_tUCtF ;;~uKTr f~A. ko llb ch a sin le a ! s~[.~ RO~=.= "'R~SS ~ sq ~ , _ CLE°.t. .'1~ C~URT ~ lSea1) ~ RfCfiF~~ ,i ~ ,..cc,~ (Seal) S~ATE OF fLORIDA ~ ~ d 9 36 AH ~~L ?y ~ cour,nr oF St. Lucie _ ~ 2a~~~ ` ~ Befwe me personatly appeared ~Zoy Eollbach~ a sinale adult ~ ~ _ F~qO~u well known and known to me to be rhe ind~v~duai~ described in and who exec~ted the foregoing instrument, and acknowledged bef~re me that ~e~executed the same for the purposes ~ ~ therein e~cpressed. - ~ ~ - - ~ . . ' .~~,y`~ . 4 WITNESS my hand and offic~al seal this__ day of ~ ,~,1 '~.~C` D. 19 1' 4- _ c ,~~.~i,~ " - = ~ - ' Notary Pubtic in for the 3te of at lar~e ~ r t~, 3 W ~ 1 l : i L_ ~ / ~ I I~! - My Comm~saion eapires: ~c~ ' ~ ~ ~ : . J • , ' . i ' t' • ~ i~ ~ .7 ' ~i ~ V t_ . . \ . _ ~ ~ ~ .~~~Jr~ . ~ ~ ` , , ~ ~ - _ ~ ~ _ v ~ , . ~ 915 ~ - ~ ~ s:, in ~ _ ~ ~ : , t• - . 4?u..;o~i~ - . . ~ ~ This Instrument Prepared By: R iChazd K. Kayes ~ First Federal Sav~ngs 8 loan Association ~ , of Fort Pierce~ Florida, t~ G 1N P!?YMES~ PR04ER(Y.,~,t ~ ~ ~ Checked 8• r ~ ~ ~~,~tE ~ ~ ,9,?. Bo~ ~Q3 ~ 45~ ~ ~E ~ ~~'C ~R 11,~34. ~ r,p, Fta. ~ 'UA~t j~ ~ ~ ~i[w~ ~ ~ pQ11H1~ ~ ~ ~ - _ 4~ ~ ~ _ _ _ . .~;~ax~ , ,