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To piace and comfnuo~sly kerp on the bui:d~nqs n~w or herraiter ~~?uate on sa~d ~and and on aG equipmeM and perso~ally covered by thii mo~ ege,..w•th all prrnuu:~~s ~1~rreon pa.d ~n full, fire ~nsurance in ~hc usuaf uanda~d po!icy form, in a s~~n aHproved by the MJR~GAGEE, a~~d w~:~dsto ~nsu~a~ur ar the usual sundard poi.cy lo~m, in a sv~n approved by the hIORTGAGEE, i~ wch tompany o~ co~npan~es as Ihe ASORTGAGEE, m d~reU; and ali !ne a:.d v~~~dsto~m ins~~a~ce po!ic+rs on any of sa~d bu~~d~ngs, any inrereil therc~n or par~ thereol, in the a9grrgate w~-+ atoresa:d in excess thcreof, st~~ll :oneein ~he ~swl standxd mortgegce dause or such o~her de~se as the Mo~tgagee may requ+~e, maling ~he iois unJr~ s~~d po c~es, each and evrry. pai~b•e lo said h10RTGAGEE as its imerest may appear, and eath and every suth po!~cy shall be promptly aes g~~rd and detivarrd ' any held by sa~d MORIGAGEE as iurther s_curity ~o said ~~~o:tgage debt, and. not less ~han ~en (10) d3ys in ad~ance of the expiratio~ of each pol~cy, to d. fve~ to sa~d 6~ORiGAG'.E a rrnewal thereof, toge~her with a recefpt for tha prem~um ol wch renewa~; and ~here sha~~ be iw f~re o~ windvo~m insuranc placed on any of sa:d 'ouild+~~9s, any interest there;n or par~ Ihereof, un!ess in the form a~~d w~~h ~he ~oss payable ~s aforesaid; and in ~he eveM any sun of money beco~~~es p~yab!e under such policy a poLcies said MORTGAGEE shall have the opnon to receive and app!y the same on accoum o( ~he i~~d<bted ~~rss scwred hercby o~ to ptrmit said IAORTGAGORS to receive and use il w dny part 1he:cof ior o:n~•r pur{ osrs, v+~~ho~t tfi_noi .v:~~~ t7 ~•>>P~~r mg any eq~~y, 1[en or nyht undrr or by virtue of this mo~tgagc; and in the event sa~d MORTGAGORS sha11 `w a~y rcason iail to keep the sa~d prem~srs so :nsurcd, or (~il to d~~liver promptly any of said po~~cies of insurante to said MORiGAGEE, or tail promptly to pay tulty any pre~nwm thetrfo~ or in any respeu iaii to perform, d:scha~ge, execute, effett, complete, co~npiy with and abide by this tovanant, o~ any part h~reof, sald MGRTGAGEE may piace a~~0 ~ p~~r for such insu~.~nce or any part the~eof without waiving or affecting any opt:on, lien, equ~ty, oi right under or by virtue ot this Mortgage, and thE t;,;l a~noun? of each and e.e~y such paymem shall be immediately due and payable and shall brar interest irom tha d+te thereof until pa~d at the rate ol ,~~c pe~ crntum per ar.nu~n and to~rth~•r with su.h inMrest shaii be sewrrd by the (ien ol this mortgage. ? d. To permit, co~nmit w sufier no waste, impairment w deter~orasion of sa~d property or any pa~l thereof. 5. To pay afl and s~nqufar the costs, charges and expenses, including a reasonable atto~~ey's Fee and costs of abstracts of title, incuned o? paid at ,ny t~n.e by s~~d htORiGAGEE, beca~se w in the event of the faelure on the part of the said MORTGAGOR to duly, promptly and f~tly perform, d~scharge. _.:c~te, eflect, co~np:ete, co~npty w~th and ab:de by each and every the st~pulat~ons, agreemeNS, cond~tions, and covenants of sa~d promissory note and ~his •,uitgage any or e~~her, and sa:d costs, cha~ges and expenses, each and every, shall be immed~ate~y dur and payab:e; whether or not ther2 be nonce d~ ~,•,,nd, atte,npt to co,lect w wit pend~ng; and the full a~nount of each and every svch payment shall bear interest from the date thereof until paid at the v, o~ ~~~"r per cc•n~~•n Ner am+u:,r and aU said costs, chargen and ~x;xnses ~ncurred or paid, together w~th wch in~erest, shall be secured by the Gen of th~s m or tg age. 6. That ia) in the e+ent of any breath of lhis Mortgage er default on tM part of the MORiGAGOR, or ~b) in the event any of sa;d sums oi money f.,~•c~n refcired to be not pro~np~ly and fully paid w~~h~n th.rty (30! days next aiter ~he seme severa:iy become dve and payabte, wi~hout demand o~ notice, or (c) in thr event e.:cfi and every the stipuiations, agreements, condiuons and tovenants of sa:d promissory note and th~s morlgage any o~ ei~her are not i~Iy, p~o~nptly a~d fuily pe~formed, d•sCha~ged, exec~ted, eifected, completed, complied with and ab~ded 5y, then in e~ther w any such evero the sa~d ag- ~•~~ga±e surn ment~oned in said promissory note then remaining unpaid, with intere,t accrued, and atl monays secured hereby, shall 6etome due and pay eu ~ forthw~rh, or therraf~er, at the opt~on of sa~d MORiGAGEE, as fuliy and comple~ely as il all of the sa:d sums af money were or~g~nally st:pu:afed ?o be pald on such d~y, anytning in sa.d prom~saory note or in this Alortgage to Ihe contrary notvviihstand~~.g; and thereupon w thereaiter at the option of s.; d f1lORTGAGEE, w~thout not~ce w demand, suit at law or in equity, therefore or thereai~er begun, may Ne prosecuted as if all moneys secured hereby n.:d n~atured pr~or to ~ts instet~tion. ' 7. That in the event ~hat at the beginnIng of or at any time pend~ng any suit upon this Mortgage, w to foreclose it, o~ to reform it, or to enforce payneent of any cla+~ns hereunder, said MORTGAGEE shall app~y to the Court having ~ur~s~~ct~on tFercof for the appointment of a Receiver, such Court shall r:,r~hw~th appo+m a.eceiver of srid mortgaged property all and singu~ar, includ,ng oil and s~ngvlar the income, profds, issues and revenues from whatever s_ ,•ce dai~ved. each and e~•ery of wh:ch, it be~ng expressly undrrs~ood, is hereby mortgaged as if speuf~taily set forth and dexribed in the granting and h,i.endurn c!a~ses hereof, and such Receiver shatl have alf the broad ar.d effective funct.ons and powers in anywise emrusted by a Co~rt to a Receiver, and s__h appointment shail be m~de by such Court as an admitted equity and a a:atter of abso:ute right to saLd MORTGAGEE, and without reference to the a:i,y;,,cy or inadequacy of the vaiue oi the properry mortgaged or to the so.vency o? inso~vency oi sa~d MORTGAGOR or the defendants, artd fhat such ,~rs, prof~ts, inco n~, iswes end revenues snall be applied by such Receiver accorduig to the fien or equity oi wid MORTGAGEE and the p~actice of such CourL 8. To dv:y, prompt:y and ful!y perform, discharge, execute, effect, compiete, co ly with and abide by each and every the stipulations, agreements, :oadit~ons and covenanrs m sa~d promissory note and this martgage set forth. 9. ihat in the event the ownership ot the mortgaged premises, or any part thereof, be mes vested in a person other than the MORTGAGOR, the :(`RTGAGfE, i+s wccrssors and assigns, may, wi~hout norice to the A50RiGAOR, deal w~~h suc wccessw or s~ccessor in interest with refQrence to this c•tgage an3 rhe d_b~ hereby secured in the same manner as with tdortgagor w~thout in any ay vit:ating or d~scharging the Mortgagors' liability here- ;;nder o~ uFwn eh~ debt hereby secured. No saie of ihe Fremises hereby morigaged and no. rbearante on the part of the NIORiGAGEE w its fuccesso~s o~ assigns and no extensio~ of the tfine for the paymem of the debt hereby secured given by Ihe MORTGAGEE or its svccessors or ass~gns, ahall operate ro re~ease, d~scharge, mod~fy change or affect the orig~nal iiabifty of the KORTGAGOR herein, either in whole or in part. 10. 1t is spec~ficatfy agreed that time is of the essen~e of th~s contract and that no waiver of any obl~gat~on hereunder or of ihe obligation sN cured hereby sha'.i ae any tir~e thrreahe~ be held to be a waiver of the terms hereof or of the instrument secured herNy. 1 t. in :,:id.t:o~ to the forego'~ig monthly paym~nts of princ'pal and interest required by the prom`ssory no!e setured hereb~, mortgagot coienaMs ,,j ,;~r__s +e ,.ay ro n:u~rg:~gee vtith each monfh!y pay~.,ent an add~r~onal s~m est•:,~a~ed by mortgagee to be equal to 1, 12 of the an~ual cost of the follow- ~ A-A!I real propcrty taxes levic~ or assess:d agai•~st thc a6ove descri~~•d real estate. 6 Pr.,::.:,,•:~s o~ i~:e and v~~r.dsram insurar.ce as he~c~n req~~red to be carried en the improveme~ts s~tuate on thc abovc de:cribed premises. , C-Pr~•,r.iu~• s o:~ :uch mort3age gua.anty ir.surar.ce as mortgagee shall fron: t me to t~me deem fit to carry on the Ican secvred hereby. ti',or:gagce s~:~ ~'~c,m f~n:e to time notify morrgagor in writmg of the amou~t due and payable hereundrr and such suA'+ sha:t~tKer~pon~e`due arxl ~ :,;o~e on rh~ ::,,e d.,re oi ~he next a:onth:y payment and each wccessive month thereaft~r ur.til martgagee shall notity~tiwrtg~poT~o~~a tt~nge in such i ' ~vnc. Such su•r.s s~ e;i be ap~~':~ed by mortgagee toward the payment of real property taxes, insurante prem:ums, a~ ~o~atgaye atei~ty, insurante i ...,n~~mi- _ • ~ ~(J ' 'V \'.•I7F~c5S '.'.'HEREOf, the said MORTGAGQR has hereunto set his hand and seal the day and year first aforest~id..,: I'j~ ••s ` 5~ n Seated and deli 'n tF~e- esence of: 1 WA CONST ''r+ ; ~ i " L ~ _ ~ ! By : " ~ - ~ ~ lt ~ D. ~eo ATTEST: • n - ~ : ~ . . Y F~,~. Pa r a Sinas ~asura - .._.e= - _ _ _ - • - • n.3~v- ~EC D VERr f1ED N STATE OF FLORIDA ~ I ~ 21 NI7 ~I~OUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this __~l~i- day of--__ , A.D. 19 72, before me personally appeared -W~y11e--II-.-~~1183. J1'. and Patrieia A. S~.TIes _ respectively President and _ - Secrefary Trea4 ~rer , of ~ _~vne ranstrnction C021~i~y a F7.OTida Corporation, to me ; ~ known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- ; ~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they . . ' affixed thereto the official seal of said corporation, and ihe said instrument is the act and dee aE'sai• Cprpqfation. ~ . ~ r L, ! ~ . WITNESS my hand and official seal at Fort Pierce , said count~~d stat : „ _1 • '?'his instrt~ment prepared by Gary F. EllWOOd ~ ! - " ~ : ; ~ of First Federal Savings and I~an Associati ~ ~ ' of Fort Pierce, F'1oi'1d3 Notary Publi , in and for Sta e a Coun a~oresakl: - My Commission Expires: Mar'Ch 2~ 19~ . ~ Check~d BY ~ SOOU ~~4 PAGf 2135 ~ \ - a _ _ - - _ _ ~ : ` r ; ~',z _ ~ - ~ ~~~~''=~~.a . ~ _ .