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To place and continuously kecp o~ the bui!d~ng~ now or hereafte~ situate on said Iand and on aIi equtp~nent and peraonally cova?ed by this mor ege, wi:h all premiums fhereon pa~d in fv~l, fire insu~ance in the usual sta~xlard policy form, in a sum appro~id by Ihe MOR(GAGEE, and windsto ~nsurante in ~he usual s~and~rd pol~cy fam, in a sum app~oved by Ihe MORTGAGEE, in such tompany or compan~es as t~i MORTGAGEE m d~reu; and all fire and wioclstorm inswance policiei on any of said bvi7d:ngt, any inte~esl Iherein or part thereoi, in the aggreg~re sum aforesaid in excess lhereof, ahall contain the usual standard mwtgagee clause or such othe~ c~ause ~s 1hs Morlgagee may requ~re, making the ioss under sa~d po c~es, each and eve.y, payab!e ro said MORTGAGEE as its interest may ap{xar, and each and eve~y Svclf potity th~ll be promptly ass gned and detivered ~ eny held by satd MOR(GAGEE as lu~~hea setwi?y ?o said malyage debt, and, not leu than len (101 days in adva~xe of the expiratLOn of each poGCy, to d~ I~ve? to said MORTGAGEE a renewal thereof, togl~he~ wi~h a rete~pl for Ihe premium of such renewat; and there shall bs no iire o+ windstonn insurant placed on any o1 said buildinys, any interest there~n or part thereof, unless in Ihe form and with Ihe loss payabb as aforessid; and in the tvent any sun o! money be~omes payable unde~ wch policy w poGcies said MORTGAGEE ahall have ~he optlon to rece7ve and apply the same or~ accouM of the indebted nees secured har,;by w ro perrnit sp~d MORTGAGORS ~o receive and use it w any part thereof for orher purposrs, vr+~ho~f iha~~u~ waivin3 or +mpa~r- ~ng a~y equ~ty, lien a r~gh~ u~drr w by virtue of this mortgage; and in the eveM w~d MORTGAGORS shall for any reaso~ fail to keep ~he said premises w insured, a fail to deliver prpnptly a~y of said pOlicies of insurante to said MORTGAGEE, ot fa+l promptly to pay fully any prernium therefor or in any respecl tail to perform, d~scharge, execute, tffect, complete, comply with and abide by ~h~s cove~an~, a any part Fxreoi, said MORTGAGEE may plate a~.d Njy fw such insu~ance or any part thereof without waiving w affec~ing a~y option, lien, equity, w ~~ght ~ndd a by virtue of this Mwtgage, a~d the f~ll amount of each and every such payment shall be immediately due and payabte and shail bear interest from the date 1hc~cof until paid at the rate of mne pe~ centum per annwn and to3rther with such interest shali be secured by the lien of this mortgage. a. To permit, commil or sufier no waste, impairment w deterioration of said properry ot any part thereof. S. To pay all a~d singular the costs, charges and expenses, inc{uding a reasonable attaney's fee and costs o( abstracts of title, incurred or paid at anv time hy said MORiGAGfE, because or in the event of ~he tailure on ?he part of the said MORTGAGOR to duly, pranptly a~d fully perform, d~xharge, :.ccute, effect, comptete, comply w~th a~d ab:de by each and every the stipula~w~s, agreements, conditions, and covena~ts oi sa~d p~omissory note and this .,~ortgage any or e~?her, and sa~d costs, charges and expenses, each and every, shall be immediately due and psyable; wherher a not there be notice da m~nd, attempt to cotlect or suit pend~ng; and the tul) amount of sach and e~e?y such payment shall bear interest from the date thereof until paid at the ~.•re o~ nine uer centum Ex:r annum; arw alt said costs, charges and expenses incurred w paid, together w~th wc6 interest, shall be secu~ed by the lien oi this mortgage. . 6. 7'hat (a) in the eve++t of any breach of this Abrtgage or default on the part of the MORTGAGOR, p(b) in the event any o( sa:d sumf of money he-ein referred to be ~of pra~nptly and fully paid within thirty (30) days nexl aiter the same severatly become due a~d payable, without demsnd w notice, er (c) in ~he evero each and every the stipulations, sgreerrcents, conditions a~d covenants of sa:d promi:wry nole and th~s mortgage any or either are not i~~y, prornp?!y and fully performed, d~xharged, executed, effeded, completcd, compiied with and ab;ded ~iy, then in eitFKr w any such event Ihe said ag a~~gate sum mentioned in sa~d promissory note then remaining unpa~d, with interest accrued, and a!1 moneys setured F?ereby, shall bec~me due and pay- ab e forthwith, o. rhe~eafter, at the oprion oi said MORTGAGEE, as fully and completely as it all of the said sums of money were originally stipulated ro be pa:d on such day, ar.ything in sa;d promiuory oote w in this Mongage to the cootrary notwithstand~ng; and thrreupon or theresfter a~ the optiw? of sa'~d MORTGAGEE, without notice or demand, suit at faw w in equity, therrfore or thereaftcv begun, may be prosecuted as if alt moneys setured hereby n_d matured pnor to its institWion. . 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to fpeclose iL or 1o rctorm it, or fo e~fwce payment of any claims he~eunder, said MORTGAGEE shatl app(y to the Court having jurisd~ction thereot fa the appo"~ntmeat of a Receiver, such Court shall fo: rhwith appo;nt a iecei,re? of said mortgaged p~operty all and singvlar, includmg all and singular ~he income, profits, issues and rerenues from whatever s~vrce derived, each and every of which, it being expressly understood, is hereby mortgaged as if speGfically set fafh a~d destribed in tAe granting a~ h.,bendum ctauses hereof, and such Receiver shaN have a!! fhe broad and eifective funcnons and powers in anywise emrusted by a Court to a Receiver, an s_ ch appointment ihall be made by such Court as an admitted equity aod a matter of absolute right to said MQRTGAGEE, and withoul reiercnce to the adequacy or inadequacy of fhe value of 1he property morlgaged o~ fo the sotvency or insotvency of said MORiGAGOR or the defenda~ts, and that such re•,~s, prolits, incane, iasues and revenues shail be applied by such Receiver according to the lien or eqvity ot sa~d MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, exec•~te, effect, comptete, comply with and abide by each and every the sfipulations, agreemenfs, conditions and covenants in sa,d promissory note and this mortgage set forth. 9_ That in the eve~t the ownership of the mortgaged premises, or any part thereof, becomes vested in s person olher than the MORTGAGOR, the ':.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, dtal with such successor or successa in interest with ~eference to thia n:ortgage and rhe debt hc~eby secured in the same manner as with Mortgagor without in any way vitiating pr dixhargirg the Martgagors liability 1?err ur.der or upon the deb~ hereby secured. No sale of the premises hereby mortgaged and no iorbearance on ihe par~ of the MORiGAGEE or its successors or assigns and na exrens~on af the time fo. the payment of the deb~ hereby secured given by ihe MORIGAGEE or its iuccessors a au~gns, ahall operate ~ ro re~ease, d~scharge, modify change or affect the orgirwl liabitity of the AM1ORTGAGQR Furein, either in whok or in part. 10. It is spec~ficaity agreed that time is ef the essence of this co~tract and thal no waiver of any obl;gation hereunder or of the obl'gatan se- cured hereby shalf at any time thereafter be held to be a waiver of the terms hereoi w of the instrument secwed herby. ! 1. In add.tEo~ to the forego:ng monthty payments of princ'pal and interest requi~ed by fhe prom;ssory note secured hereby, mortgagor tovenants 3•,d agrees ~o pay to mo:tgagee with each monthly payment an add~ranal sum estimated by mortgagee to be equal to 1/12 of tlae annual cost o( the folfow- :ng: t A-All real property taxrs levied or a:sessed agaiost thc above described real estate. E-Premiwns on fire and windstorm insurance as he~ein iequ:red to be carried on the improveme~b sit~ate on the above deu~ibed premises. C-Pre~niums on s~ch mortgage guaranty insurar~ce as mortgagee shall f~om t~me to time deem fit to carry on the loan secured hereby. Mortgagee sholl F~om ~ime to tirt+e notify mortgagor in writing of the amount due and payable hereu~drr and such sum shafl thereupon be due snd r.+yable on tha due date of ~he next monthty payment and each successive moNh thereafier ur.til mortgagee shall nolify mortgagor of a change in such ~~~~vnt. Such sums sF.a:l be applied by mo~tgagee toward the payment of real property ta:es, insurance prem:ums, a~x! mortgage guaranty insurance F;•emium5. IN WtTNESS LYHERc'Of, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. ~i ed, Sealed and elivered in the prex~ce of: ~~JJ~'J a ry ~ J s~ _ ~,C J. Uavid Gah~ ~s~ ; - ~Se~4 ~ _ E. Ruth Gah~l ~Seaq i ` StATE OF iLORIDA ~ St. Lucie # ~OUNTY OF ~ 8efore me personally appeared `j• David Gahn a~ ~ ~ E Ruth Gahn his wifq to me well known and known to me to be € th~ individuals described in and who execut t}~ f~~` ~ instrument, and atknowl ed before me that the exetuted the same ior fhe pose~ { ~ rherein expressed. And the said E~ ~ y pur ~ .vife of the said J~ ~V1C~ ~llll ~~~A,~ ~ i upon a nd ~vate ~ exam~natlon by me taken separate and apart from her said husband, acknowledged to snd before me tAat she executed said instry~~r~o t~fioe4y`and volurr j tarily and without any compulsion, constraint, apprehension, fear of w from her said husband. ' C • ! ~ WITNESS my hawd and official seal this day o_ `lUl ' t~•'%••••~D.'i9 72 ~ f ' • = c~ ' U - _ ' Notary Pubtic 9n and fw 1 5fafi Oori ~f +argQ1 - My Commission ezpir • t-,, ' ; Return To: • - ' ~ ~ ti ~ ti ti.~ Firit F ~ • ~ • • ~ ; ederal Savings b Loan Association "iniAQY F~~ ' ; ~ • ~ ~ ; Qf Fort P~erce. ,s` ~,~:~N.:::'.''.: ~.at (Af~ ~tv C~!+t;~;sro7, s Fort Pierce, Fiorida _u ~a.C Tnru ~i' .:~cT~.'?3~.•l~~j ~ litn~rrl i~~~,p.;,:~rJ~xtitefy e ~ ~ ~ ~ _ ` ~y-7J r f+LEO AND REGOROE~ ~ aZ ~ This Instrument Prepared By John W. Collins iT.LUCIE COUNTY FIA. t ; First Federal Savinys 8 loan Association RdCER PO(1RAS ; of Fort Pierce~ Florida CLERK CIRCUIT COURT ~ RECORO VERtflEG s . ~ Checked By ~ 2~ 2 S9 pH ~~Z ~ ~ ; r ++~i~~ 233812 ~ s ! ~ ;5 ; - - - . - ~ - - _ _ - ~ ~ .r _ # _ ` - ~ ~ - _ j