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To p~ace and contin~ously keep on the b~i'dings now or hereafter ~~wate on sa~d land and on all eqv~p~nent and pe~sonally covered by this mw ~ age, w~~h all prem~ums therron pa~d m iul1, fire inswance in ~he usual s~a~xiard poticy form, in a sum appioved by the h10R~GAGfE, and w~»dsto ~nsuran~e in the usual standa~d pol.ty form, in s wm approved by the MORTGAGEE, in such company or compan~es as the 6lOkTGAGEE rt+ d~rect; and aq fi~e ar,d w,ndsfcrm insu~ance po~iue~ on any of sa~d bu~Id~ngs, any ~nterest thereln or pan ihrrcrof, in Ihe aggrega~e sum ato~esaid in excess thereof, shall :onra~n the uwal standmd mortgagee clause or auch o~her claux as the Mo+tgagee may requ•~e, maling tha toss unJe~ sa.d po res, each and every, payable to said MJRIGAGtE as i1s iroerasl may appear, and each and every such poi~cy shall be proa~p~iY ass gned and deli~ered ~ any held by said MORfGAGiE as iwther secwny ~o wid mortgage debt, and, not less than ten (!0) days in advarue of the expirat~on oi each pol~cy, to d. # Irver to said MORTGAGEE r renewal thereoi, 10(jl~F12f with a receipt for the premium of such renewal; and there sha!1 be no f.re or windsto~m insuranc ; p!aced on any of said bai!d~ngs, any inrereat there~n or part thereof, untess i~ the form and with ~he loss payabie aa aforesa+d; and in the event any s_~~ _ of money becon,es payable under such po!icy o~ pol~cies sald MORTGAGEE shall have ~he opnon ~o reccivr a~~d apply tne same on accoum of the indabt~d + ness secwed hareby or ?o pennit sa~d fAORTGAGORS to receive and uu it o? any parl thereof for osi~cr purE~oses, v.~ii~out ih_nui x::~.i.~3 c~ ~~>>p~~r ~ ~ng any equity, lien or right under or by virtue of this moctgage; and in the evet+t sa~d MORTGAGORS shall for any reason fail to keep the said prem~ses so ~ ~ns~red, or fail to deliver pro~nptly any of said poGcies of insurarxe to said MORTGAGEE, o~ f~il promptly lo pay fully any prenuum thcrefw or in any ~ respac~ (ail to pe~form, d~scha~ge, exewte, effect, complete, compty wi~h and ab~de by thls covenant, or any part hrreoi, said MGRiGAGEE ~~ay piace a~~tl ~ pay fo~ such insurance or any part thereof without waiving w afFecling any option, lien, equity, or right under a by vi~tue of this Matgage. and the t~11 a~novnt of each and e~ery such payment shell be immediately due and payable and shall bear interest from the date thereof until paid at the rate ol n~ne per canfum per annum and to~rthar with svch interest shali be setured by the lisn of this mortgsge. ~ t 4. To permit, commit or sufFer no waste, impairment a deterioratio~ of said property or any part thereof, i 5. To pay all and singufar the costs, charges and expenses, including a reasonable attwney's fee and costs of abstracts of title, incuned w paid a~ r any time by sa~d MORiGAGfE, beca~se w in the event of the failure on the pan of ~he said MORTGAGOR to d~ly, pro~nptly a~v! futly perlorm, d~scharge, ~ x~cute, effect, complete, comply wuh and ab:de by ea^.h and every the stipulanons, agreements, conduions, and covenants of said prom~ssoiy note and this ,,o~tgage any or e~tl~er, and sa~d costs, ctwrges and expenses, each and every, shall be immediately due and payable; whether or not there be notice d± r~i~nd, attempt to collecf w suit pend~ng; and the fu~l amount of each and eve+y such payment shall bear interes~ from the date thereof until paid at the re o~ ni~e per cenwm per annum; en~ all.said costs, charges and expenses incurred or pa~d, togrther wJh such interest, shall be secured by the lien oi this morigage. b. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not pro~nptly and fully paid wirhin th~rty (30) days next after the same severa:iy beco+ne due and payabte, wi~hout demand or notite, er tc) in thr event each and every the stipulatio~s, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any p either are nol ~u1y, promptiy and fully performecl, d:scharged, exec~ted, effetled, completed, comR~~ed with a~d ab~ded by, then in e~~her o~ any such eve~t the said ag- 3regatr sum menhoned in sa~d promissory note thrn remaining unpaid, with interest accrued, and att meneys sttured hereby, shall becort+e due and pay a~.e fmthwi~h, or therealte~, at ~he opt~on of saEd MORTGAGEE, as fully and comple~ely as if a~l of the said sums oi money were originally supu~ated ro be pa~d on such d:.y, anything in sa.d prom~ssory note o~ in this Mortgage to the contrary notwithstanding; aod thereupon o? thereafltr at ~he option of s~~d MORTGAGEE, werho~t nohce or demand, suit at law or in equity, there(ore or thereafter begun, may be prosecuted as if all moneys set~red hxeby n_d matured pnw to ~ts instituhon. 7. Thaf in the event that at the beginn~ng of o~ at any time pe~ding any suit upon this Mortgage, or to foreclose if, or to reform it, or to enforce ;;aymem of any ciaims hereunder, said MORTGAGEE shalt apply to the Court having ~urisd~a~on thereof fw the appo~ntment of a Receiver, such Gou~t shail rorth.virh appoint a recei~er of said mortgagrd property all and sing~lar, includmg atl and singuiar Ihe income, profds, iswes and revenues from whatever s_:;rce deri~ed, each and every of wn~ch, it being expressly understood, is hereby mortgaged as if speuficalty set fwth and described in fhe g~antir?~ and h~bendum ciauses hereof, and such Receiver shall have alt the b~oad and eiiective funct,ons and powers in anyw~se entrusted by a Co~rt to a Receiver, ar.d s_ch appointme~v shall be made by svch Court as an admitted equ~ty and a mat~er of absolute rigM ro said MORiGAGEE, and without reference to the adeqJacy or inadequacy ot the value of the property mortgaged or to the so~vency or insoivency oi iaid MORTGAGOR w the defandants, and that such re~~r:, profits, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien u equi?y of said MORiGAGEE and the practice of such ' Court. 1 8. 1o duty, promptSy and fully perSorm, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisso~y note and this mortgage set forth. 9. That in the event fhe ownership of the mortqaged premises, or any pa~t thereof, Eecomes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mo•tgage ar.d the deot hereby sewred in the same manner as with Mortgago~ w~thout in any way vit;ating w discharging the fdortgagori leability here- :,~,der ar upon the debt hereby secured. No safe of the Fremises he~eby mortgaged and no forbearance on t!~e part of the MOR7GAGEE or its successors o~ assigns and no extension o1 the nme fa the payment of the debt hereby secu~ed g:ven by the MORTGAGEE or its successors or au~gns, a~~all operate to release, d~scharge, modify change or affect the orig:nal liab~l~~y of the MORiGAGOR herein, either in whole or in part. 10. It is spec~ficatly agreed that time is of the essence of this contract and that no waiver of any obl~gatlon hereunder w of the obligation se- cured hereby ahati'at a~-~iw+e ~hereafter be held to be a waiver of the terms hereof or of the instrumeM secu~ed herby. I 1. In ~dd.ro~ so the forego ~:9 month!y payments of princ pal and interest requ~red by the p.om~sscry no!e setured herebl, mortga~or eovenants •~,d agr~es ro,~ay ro n:o-tgagee v~ith each month~y pay~nent an add~~iortal sum esr.mated by mortgagee to be eq~ai to 1; 12 04 the annual cost of the follow- ~.i 3: . A-All rea4 property taxrs tevied or assessed agai~st th~ abo~e described real estate. ' 6- Prem~ums on hre and w~ndstorm ~nsuracce as here~n requ:red to be carried on tfie improveme~ts s+tuate on thr above descr~bed premises. C-Premiun~s on zuch mortgjge guaranty ir.surence as mortgagee shaN from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shail from ti~ne to time notify mortgagor in writing of the amou~t due and payable hereundrr and such su:n shait ihereupon be due and ~ : ayzble on th~ due ciare of the next moroh!y payment and each successive month thereafi~r untit mortgagee shail notify mortgagor of a change in such ; ount. $uch wms sha:~ be apptied by mortgagee toward the payment of real property taaes, insurance prem:ums, and mortgage guaranty insurance I ;-'emiums. ~ IN VJITPJESS ~JHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ar first aforeuid. ~ 5" ned, Sealed and liv re i~ the presence of: ~ ~ ~ an 82'~ . WO (Seary ~?\4JES:. ` _ • alj ~ , Jan . Wo tseao ~ - ~ 5'ATE OF FLORIDA ~ ~ c~uvrY oF St. Lucie ~ ~ Before me rsonall appeared Gary F. Elli~l00C~ aMJ ; Janice E1~WOOd his wife, to me we~l known and known to me to be ~ a individuals described in and who executed the foregoing instrument, and atknowledged before me that they executed the_ same for the purposes ~ ~ rhe~ein expressed. And the said Janiee F. EllWOOd S ~ ti<<e of the sa~d - Ga2~ F. EZZiJOOd ypon y'saparate and private ezammanon by me taken separate and apart from her said husband, atknowledged to and beiore me that she executed•ibitl~insj,rJdx~E(reely and voluo- ~ !a•~~y and w~thout any compulsion, constraint, apprehens;on, w fear of or from her uid husband. f_ June ~i: ' ~ 72 WITNE55 my hand and official seal thi~ 23rd day of ' 1C.'O• 19 ~ ~ ~ r , ; . ,y ~ Notary Publit in and far t1~q 51~ FlQrii~~ ~t Larye . r~: My Comm~ssion expires: ; : ' ` : Return To: ,,,~,..A ; ~ First Federal Savings 3 loan Associahon ~'u~r~~~ ~ R~DA rt LAR~E ~ OI Fc.~ P erce. ~~~~SEPT. 25. 1975 ~ , ~nwnnc. co. ~ ~F Fort P~erce. Flo.~d+ . ~ ~ ~ ` ~ F11.EU AKn RE~OR~EO ~ This Instrument Prepared By G32'y F. Ell~dood gT IUCtE ~~LKjY F~~' First Federal Savings 8~ loan Association ROCEF =O~TAAS of Fort Pierce , Florida CIE~K ~!"~~~5 CO~aT ; RECC~' ~ YE" ' ir~ ~ ' ~ Checked By - ; ~ Z6 3 z4 PN'~ ~ ~ ~ ~R ne~ 2321ti5 ~ 800K ~UJ P~Cf R~ n ~ _ _ _ _ ~~4.~ ~ ~ ~ ~ . - ~ ~ : ~ , ~ ~ ~ ~ ~ ~ ~ s ~ . _ - ~ -~~~~r~,~~ -