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To place and con~inuousty kcep o~ the bu~:dings now o~ hereaiter s~tuate on se~d tand and on ali equ~p~ne~t and persanally cove~ed by this mw ege, w~th all prem~u:ns tharcon pa~d in full, firc insurance in the usu~l standard po!icy form, in a sum aHproved by the MORiGAGEE, and windsto ~nsurance in the usual s~andard pol.cy form, in a wm approved by the AM1ORTGAGEE, in such company o~ compan~es as the h10RTGAGEE m d~~ect; and all (irQ and windsturm insurance pol~cies on any of sa~d build~~gs, any interest therein or pa~t thereol, in 1he aggregate sum afaesaid in ezcess thereof, ihalt :on~ain the usual star.dard morigagee clause or such other clause as the Mortgagee may ~equ~re, making the loss unde~ sa~d po ~ des, each and every, payabte to said h\ORTGAGEE aa ~is iroerrst may appear, and each and every suth poi~cy shall be promptly ass gned a~~d dal~Yrred ~ ~ any held by safd MOR(GAGiE as furiher sewrity to safd mor~gage d~bL and, not less than ten (10) days in advance of ihe expiranon oi eacF~ po~~cy, to d. Gver lo sa~d MORiGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fira oi windstoim insuronc placed on any of :a~d build~ngs, any iNerest therein or parl thereof, unless in 1he form and with the loss payable as aforesaid; and in the eveM any sun ~ of money becomes payaote undrr such policy o~ pulicies sa~d MORiGAGEE shall have the opt~on to recz~ve anJ app!y the sa~ne on accoun~ oi the indeb~rd ness secured hereby or to permit said MORTGAGORS to receive and use it ot any parl thereof iar otiicr purFasrs, s.~~hout th~au~ ~w~v+~g e~ ~'+~Fw~~ i ~nq any equly, I~en w r~ght unde? a by vtrtue of this mo-'gage; and in the evem sa~d MORTGAGORS shafl fo? any reason (ail to kcep the sa~d prem~srs so ~niured, a fail to deliver pranptly any of sa~d policies of insurance to said MORTGAGEE, or fail p+ompily to pay tu~ty any pre~n~~~n the~efor or in ar.y respect lail to perform, dischar~e, executr, e(ied, comple~e, comply wirh and abide by this covenant, or any part hzreof, sa,d MORTGAGEE may piace a~d pay fo~ such insurance or any part thereof w~thout waiving or affecting any option, lien, equAy, or righ~ unde~ a by virtue of this Mortgage, and the fuli arnount of each and e~ery such payment shalt be immedia?ely due and payable and shall bear interest f~om tha date thereof until paed at the rate o1 nme per centum per annwn and to~eth~•r v.~ith such interest shali !x secured by the lien of this mortgage. To permit, commit or suffer no waste, impa;rment w deterioration of said property or any parl thereof. 5_ To pay atl and singutar the costs, charges and expenses, inctuding a reasonabte atforney's fee and cosrs of abstracts of tit~e, incurred w pa~d at any time by sa~d MORTGAG:E, because or ~n the event of the fai~ure on the part of the aaid MORTGAGOR to duiy, promptly and futly perform, d~xna~9e. exrcute, effect, complete, co~nply w~th and ab:de by each and every ~he st~pv~anons, agrerments, cond~tions, and covenants of sa~d prornissory note and ~h~s n,ortgage a~y or e~ih~r, and sa:d cosrs, charges and expenses, each and every, shall be immedietely due and payable; whe~he? w not ~here be not~ce d~ mand, attem~t to collett or suit pead~ng; and the full ainount of each and e~ery suth paymeM shall bea~ interes~ irom the date thereof umii paid at the r.:ie oi n~~~e ~er cenium per anuum; and ad said costs, charges and expenses incurred w paid, together ~v~th such interest, shall be secured by the lien of th~s mortgage. 6. Tha1 (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 re(errc+d to be not prompely and fully paid within thirty (30) days nex~ after ti~e same severa'.ly become due and payable, without demand or not~ce, or (c) in thr event each and every the stipu:anons, agreements, co~d~r~ons aod covenants of sa~d promissory nore and th~s mortgage any a either a.e not iu1y, promptly and tully perfwmed, d;xharged, execured, effected, completed, complied with and ab~ded 5y, Ihen in e~ther w any such event the sa~d ag ~r.-gate sum mentioned in said promissoty note the~ remaining unpaid, with interest atcrued, and all moneys setured hereby, sha~l become due and pay- ab'e forthwith, or thereafeer, at thc option of sa;d MORTGAGEE, as fully and completely as ii atl of the said sums of money we.e or~g~naily st~pulated to be pa:d on such day, a~ything in sa:d pro:nissory note or in this Mortgage to the confrary notwithstanding; and thereupon or thereafter at the opt~pn of sa~d MORTGAGEE, w~fhout notke or demand, suit at law w in equity, thereforc or thereafier begun, may be prosecuted as if all moneys secured hereby r._d matured pnor to ~ta institution. 7. That in the event that at the beginning of or at any time pe~+d~ng any suit upon ihis Mortgage, or to faeclose it, or to reform it, o? to enforce payment of any claims hereundrr, said MORTGAGEE shal~ apply to the Cwrt having jur~sd~ction thereof for the appointment of a Receiver, svch Court shall icrthwith appo~nt a receivei o( said mort9aged property a~l and singular, irulud~ng all and singular the income, p~ofits, issues and revtoues from whatever scurce drrived, each and every of wn~ch, it be~ng expressty understood, is hereby mortgaged as if spec~iiwlly s;t forth and dexribed in the g~antinq and h36endum clauses hereof, and such Receiver shall have all the broad and eifective funct,ons and powers in anywise entrus~ed by a Court to a Receiver, and s_ch appointme~it shatl be made by such Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and without reterence to the ad~yvacy o~ inadzquacy o~ tF.e value of the p~operty mortgaged or to the so~venty or insoiv.-ncy of said MORiGAGOR or the defe~dants, and that such re~rs, p~ofits, inco:ne, issues and revenues shall be applied by such Receiver accord~ng to the Iien or equity oS said MORTvAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions a~d covenants ~n sa~d promisswy note and sh~s mortgage set fath. 9. That ire the event tfie owrtership of the m.ortgaged prem~ses, w any part ihereof, becomes vested in a person other than the MORTGAGOR, the ~~'ORTGAGEE, Ys successors and assigns, may, without notice to the MORTGAOR, deal with such successw a svccessor in interest with reference to this mo~rgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating a d~stharging the Mortgagors' liability here- under w upo~ the debf hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors o• ass~gns and no extension oE the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, d~scharge, modify change or affed the orig~nal Iiability of the MORTGAGOR herein, either in whole or i~ part. 10_ It is speuficalty agreed thai tlme is of the essence of fh~s contract and that no waiver oi any obligat~on hereunder or of the obligation sr cured hereby shall at any time thereafter be he!d to be a waiver of the terrns hereof or of the instrument secured herby. 11. In a:id.tioi ro the forego'nq momhly paym~nts of princ pal and interest required by the prom;sscry no!e secvred hereby, mortgagor covenants j~d agrees to pay to mo:tgagee wilh each month(y pay~.tent an add~~ional sum est~mated by mwtgagee to be equal to 1; 12 of the annual cost of the follow- ~.,y: A-Alt real property taxes levizd or assesz_d aga~~ut thc above descrihed real estate. g-pr~m~~.rs on fhe and w~r.dston» inswance as here:n requ~red to be carried on the improveme~ts s'rtvate on the above described premises. ~ 'I C-Premiums on wch mortg~ge gvaranty ir.su:ar,ce as mo~tgagee shall from t:me to :ime deern fit to carry oo the (oan secured hereby. ~ Mortgaoee sha~l .'rom time to t~:r.e notify mortgagor ~n writ~ng of the amount d~e and payabte hereundrr and s~ch s~~~ shall thereupon be due and j I :~~:ble on rhe due data of the next month!y payment and each soccessive month thereafter ur.til mortgagee shatl not~fy mortgagor of a change in such ! j -~unt. Such sums sF.aii be applied by mortgag-_e roward the payment of real property taxes, insurance p~em:ums, a:id mwigage guaranty insurance ~ r ~?miums. ~ ` IN 1YITt~JE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. } i ,3igned, Se;jed and eli in the presence of: ' _,~J~ ` i ! ~ ~ t..R/~OJO~, ~Sean :i i t ~ h B. Get he 1 cseaq : d (Sea1) i ;ai t,n~ss : Ruth . GetChell ~~ai) ; SiATE OF FLORIDA ~ St. Lucie ~ couNn oF eefwe me personnlly apPeared Ralph B. `~tCYlell and ~ ~l.lti~'1 Ci• ~lP.tiC~1911 his wife, to me well known and known to me to be the indrviduais described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes rherein expressed. And the said ~th • ~7@ t+C~l@11 ~,-~!e of the said - R81.p~1 B. G6 tCY1911 • o~ a separate and pr~vste e.amination by me taken separate and apart from her said husband, adcnowledged tc and before me that she executed sahl~ins~rru~na~1 fresiy and volurr r:~~iy ard w~thout any compuision, con;traint, apprehension, or fear of or from her said husband. ~ , ~7~ tiY1TNESS my hand and official seal this_ llth day of `Jul A. D. 19_!~_. t~totary Public in and fw the State of id~ sl larQe My Commission expires: ~ SgPtQm QI 2~~ 197~ Ret~rn To: ' • ' 1 First Federal Savings 3 Loan Associat~on - . Of fort P erce. Fort Pierce, Flerida 4 / ~E'4 AN~RE~ ; This Instrument Prepared By Richard K. Kayes f~•~~C~R j0 T~l~ ` ~ First Federal Savings 8 Loan Association of Fort Pierce , F*lorida ~ ~~ERK CIRCUIT CO1M ~ RECORO vERIFIED.w~~ Checked By ~ ~t 3 05 ~ ~~Z ~ °soc~ 2~4 Pac~ 5~z 2331~5 ~f~• k t ~ ~ 9" wr;rP-:~. ri"_ ~ . . ~ ~_v~''