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To placc and cominuoualy keep on the b~~'J~~:gs norv or hera~iter ~l~~ate on sa~d !and and cn al! eq~]p~nent ar~d perscnaily cove~ed by ~his mor ag0, wiih all pr~n:iu::~S thereon p3 d ~n full, fi'2 +ns,.ran.e in the ulu~l ua~ul~rd E~o:rcy fo~m, in 0 swn ~Hpro+ed by Ihe ~d(~R~~%+GEE, a~~d wi:idito :nsurance in tha usual uandard po:.cy fo~~n, in a w~n appro~ed by ~he MORTGAGEE, in such co~npany or tanpanies as ~he f:,ORiGAGEE d~rec~; and all fiia and w~nJswrm ~nsura~te pol~c~es on any o( sa~d b~iid~nys, any interest thare;n ar part thrreoi, in the aggreg~~e s.~~n afo~esald in eacess thereof, sha~l :enrain ihe uwal s~and,,rd morrgagae clause or such other cl,~use as the Monyagee may requ~re, makmg tnr ~css u~~drr sa~d po ues, each and every, pay:,b'e to said A\pRiGAGEE as ~ts ~~~~~•+est may appear, and eath and e.e~y s~ch po:~c~ f~~all F~ p~omptly ass g~~~d a~~d de:~+r~rd : any held by sa~d MORSGAGEE as furrhar s:wrSty to aaid n:o~tgage debt, and, nat less than ten (10) days in ad~ence oi the exp~~at~on oi each poi~cy, to d. Gver to s~~d 6lORiGAGEE a renewal thereof, toge~her with a rete~pt ior the premium of such renewal; a~~d th<ra sl~aii Ge iw i~re o~ wu~dsio~m inwranc placed on any of sa~d b~~ldmgs, any interest there~n o~ part thrreof, ur.less in the form and with the toss payabte as afo~esaid; a~d in the eveM arty sun of money becomes payalle under such policy w polcies said tiSORTGAGEE shaU Rave the opt.on ~o rea_ive a~id ap~.•.y the same on account o1 thr ind~br~d nrss scwred hrreby or to pprmA sa~d 650RTGAGORS lo receivN ond use it O? any part tl._:~~of tor o:n_•r ~.ur~.~s_s, ti~::riu.:t ~h:•~.;, ~'+~p..~' ing a~y equity, iie~ or right und~r or by virlue of this mor'gage; a~d in the evenl said M0~2TGAGORS sha:l for ony rc3son fail to kaep ~he sa~d premis=s so insvred, w fail to delEver prornptiy any uf said poG<ias oi inwrance to said MORTGAGEE, o~ fa~! p:umptly ro pay fu~ly any pre~ni„m therafor a in any respect fait to pertorm, d~schargc, execura, e(fect, complete, canply wirh and ab~de by this coven~nt, or any part hareof, seid MIiRT;~AGEE may piace ano pay for such insur.~nce or any part lhereof without waiving ot a(fecting any option, lien, equity; or right under or b1 virtue ol this hlorfgagr, a~d ihc t~H amovnt of each and eve~y svch paymant shall be immediately due and payabte and shall bear interest fiom ~ha dare ther~wf uniit pa~d at the ~a?e ot +~me per centum per annum and to~_th~~r with such inte~rst shal[ be secured by the tien of this mortgage_ 4. To permit, commit or sufFe. no waste, impairment or detcriorarion of said prope~ty a any part thereof. 5. To pay all and s~ngula? the costs, c!~argea and expenses, including a reasonab!e attorney's fee and cesfs of abstracts of t~tle, incurred or pa~d at any time by said Mt~RiGAG.E, because or in the event of the fa~iure on the part of the sa~d h10RTGAGOR to duty, prompHy and fuily pe~form, d~scharge. execute, effect, con~piefe, comply wnh and ab:de by each and every the stipulanons, agreements, c~nditions, and co~e~~ants oi said p~omissory note and thii ~~o~tg~ge any or e~~her, and sa'.d costs, chargrs and expenses, each and every, shall be immed~ately due and payab:e; v~he~her or not there be not~ce d~ mand, attempt to cofiec? or suit pend~ng; and the (ult amount of each and e~ery such paymem shall bear intcrest from the date therrof until paid at the o; n~ne per cantum por ~r~~u.~r, .,nc: ail Said cozss, charges and eapenses ~ncu~red or paid, togrd~er wuh wch interest, shall be secured by the iien of th~s mo~lgage. 6. That (a) in thr event of any breach of this Mortgage or defaul~ on the part of the A10RTGAGOR, or (b) in the event any oF sa~d surns of money hrre~n refcrred to bC not prompNy ar.d fuily paid wiihin th:rty (30} days next aiter the same seve~atiy become d~e and payable, wi~hout demand or notice. or (cy in the event each arsd every ~he snp~:afions, agreements, cond~tions artd tovenanrs of sa.d promi;sory notr and th~s mortgage any or either are nm iu~y, promptly and (ulty performed, d.sci~arg_d, ezecuted, effected, compleled, compl~ed w~th and ab~ded 5y, ~hen ~n either or any such event the sa~d ag ~-~~qate sum mentioned in Said promisso~y note then remaining unpaid, with inierest accrued, and aii moneys secured hereby, shall become due a~d pa,r- ab:e forthwith, o~ therea4ter, at the opt~on oS sa~d MORTGAGEE, as fully and complete~y as ii all of thr sa~d sums oS money were onglnally st~pulated to be pa~d a+ svch day, anything in sa.d pro:n~ssory note or in this Mortgage to the contrary nor.vithstand~ng; and therevpon or thereafter at the opt~on of s~:d MORTGAG[E, w~thaut not~ce or demand, suit at law or in equ~ty, therefore w thereaf~er begun, may be prosecwed as if all moneys secured hereby r,~d maWred pnor to its instiluhon_ ~ 7. That in the event that at the beginn~ng of or at any time pe~ding any suit upon this Mortgage, a to forectose it, or to reform it, or to enforce payment of a~y daims here~~tder, said hlORTGAGEE shatl apply to Ihe Court having ~urisd~a~on thc•reof for the appoinsment of a Receiver, such C~iurt shail Fcrthwirh appoim a rece~ver of said mortgayed proprrty ali and singular, indud:ng all ar.d :i+~gu~ar the incomr, prof~ts, issues and revenuzs 1rom. whstever s~:,.ce dr~ived, each and every of wh~ch, it being expressly understood, is hereby mongaged as if speuflcally set forth and destribed in the g~anting and h.~6end~m clavses hereof, and such Receiver shall have a? the br~ad and effecrive fun:t.ons and powen in anyw~se entrusted by a Cour/ to a Receiver, and s_;h appointm:nt shail 6e made by such Court as an ad:nittcd equity and a mat:er of absoiute ~~gh~ to said A1pQiGAGEE, and w~thout reference to the adeq:,ocy or inadeq~acy of the val~e of the property mor~gaged or to che so.vency or ~nso~ve:xy o1 said MORiGAGOR w the defendants, and fhat such r..•,rs, profirs, inco~ne, issues and revenues shall be appGed by such Receiver a.cord~ng to the lien or equity of sa~d MORTGAGEE and the pradice of such Court. 8_ To du'.y, prompt:y and fuily p¢~form, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ;onditians and tovenants ~n sa~d pro:nissory note and this mortgage set forth. 9. That in the event tlie ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a pe~son other than ihe MORTGAGOR, the '.•.ORTGAGEE, its successors and asvgns, may, wiThout no~ice to the A'10RTGAOR, deal /vith such successor or successor in interes~ w~th reference to this r~ortgage and the d_bt hereby secured in the sartie mar.ncr as with Mertgago. without in any way vit•ating w d~scharging the lAortgagors' liability here- under or upon the clzb~ hereby sec~red. No sa:e of the prenuses hereby mortgaged and no lorbearence on the part ot the 1dORTGAGEE a its successon , J.' 25S~gns ard ro extens~on of the time for ~he payment of the debt he.eby secured given by the /JtORTGAGEE or its successors or ass:gns, a~iafl operate io refease, d~scha:ge, modify changr or affect the original liau~lity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fica~ly aareed that I~me is of the essence of this contract and that no waiver of any obtlgat~on hereunder or of th~ ob(gation se- c~red hereby sha!i ai any tin,e ~h~reafter be he:d to be a waiver of the terms hereof or of the instrumem secured herby. l l. In a:i:l,r.o~ !o the foreqo n~ rnonth!y paym~nts of p:inc pa! and inte+es} requ~:ed by the prom sscty oo.'e xcured he~eb,~, morigagar tovenants +•~d agrees to ~.ay ro ~:o-rgagee ~iih each r.:onthfy payr,,ent an adJ~~~onal sum est~mated by mortgagee to be eq~al to 1, 12 of t.ie onnual cost of the follow- ~;3: A-Ah real property tax^s levi=d or assessed agai•ist the a6ove describcd real estate. 6-Gr~~,:~•,•ns on fire and ~vindstor~n ~nsvrarce as nere~n requ;red to be carr~ed en the +m,:roveme~ts s:t~ate on the above d_sc~~bed premises. C-Premwr,s o~ svch n:ort~.-,ge g~aranty ir.surance as mortgagee shall frorr t:me to time deem fit to tarry on the ioan secured hereby. tdorrg3gee sh, ~'.rorn r~~,:e to t~n:e norify mertgagor in wr~ting of the arro~~~t Jue and payable hereundrr and such sum shall thereupon be due and II ;ab!e on ~he due dare oi rhe n•_xt n.oNh;~ payment and each success~ve month fhereafrer ucrii mortgagee shall not;fy mortgagor of a change in such ~ ~ ount. Such sums sFa.i be app:ied by m tgag~e toward the payment of reaf prope:ty taxes, insurance prem;ums, a~~d mortgage g~aranty insurance p~emiums. ~ IN ITNE- "rHEREOF, the sa" MOR AGOR has hereunto set his hand and seal the day and y r first aforesaid_ S' Se e!~ ed ' e p~es nce of: , ~ (Sea~ ~ 'chaYd Serino _ (Seaq - ~ . ~ (SeaQ ~ anne ' . Serino cs~aq SiATE OF FlOR10A ~ S t . Luc ie ~JUNTY OF _ I ' Before me personally appeared Riehard Serino and Jeanne F. Serino his wife, to me well known and known to me to be tha indiv~dua~s described in and who executed 1M fwegoing instrument, and acknowtedged before me that they execyted: he~~amt. for the purposes ~ Jeanne F. Serino ~ r` rh~rein expre:sed. And the said__ ~ , ,~~~fe of the ~a~a R ichard Serino s•xp~~~e end private exammat.on by me ta4en separate and apart from her said husband, acknowledged to and before me that she executet~'sa+~idstrupic~l fi=ely and voluo- rar~ly and w~tnout a~y compulsion, consaraint, apprehe s~on, w fear of or fram her said husband. ~ ~ WITNE55 my hand and of'~cial seal this_- _ ~L day of `jul Tl 4~ A} D. ~9 72 ~ ~ c~ n : ` ~ ~ _ ~ Notary Pubiic in and for tha~ ~ f Fbr~da.ai_ia`rge ~ My Comm~ssion expires: i: y • • ~ ~ Retum To: ' i ~ ' ~ ~ Firsr Federa! Sa~ings a loan Ass«~at~on NOTARY PYfBUC.,St~1jE oT FLORIDAat LARGE Of Fo~t Pcoce. MY C011t~11S5:ON E7(PIRES SEPT. 25, 1915~ ~ F~~r P~_~c~. F~o.~da Bonded By American Bsnkea In~uror.ce t:o. ~ ~ ~ This Instrurnent Prepa:ed By J. H. Roberts~ Jr. F1lED ANO RECOROt~ aT. ~u~~E c4uNtr F~ . ` ~ First Federal Savings &!=~an Association ROCE~i PO~TRAS ~ of Fort Pierce ~ Florida CtERK WpCWT COURt aECOR~ VERj°~EO ~ Checked By~_-________ - ~ Ij 3 39PN~~~ Q~+,~ ~33~~~3 ~ BOOK~~~ PAGE OU ~ - ; ~ - ~ ~~~~~,.,z~_ _z_~ - ~