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To pt.jce anJ cont~nuousiy keep on the bu~'dmgs now or herealte~ ~~luate on sa~d :and and on all equ~pmeM and pe~sonally covared by Ihis mor e9e, with all prrmi~~ns ~h~•reon pad in 1~11, fire insurance in N~r us~al sra~xlard po'~cy form, in a sum aHproved by the MQR:GAGEE, a~~d w~~tdsto mwrance in ~6~ usual s~anda~d pol,cy ionn, in s wm approved by the MGRiGAGfE, in such cornpany or compan;es as the h10RivAGEE m d,recr, and aU fe~e and w~nds~orm inswance polic~es on any of said build~ngs, any interast thereen or pa~t ~hereof, in 1he agg~~gare sum atoresaid in excess ~hereof, shalf :oniain ~he us~al s~a~ida~J matgagee c1.~use or such o~her clause as Ihe Mo~tgagao may ~eQu~re, making the toss unda~ sa~d po c~es, eacA and every, pa~ab:e ro sa~d 61pRlGAGEE as ~ts interrsl may appear, and each and every such poticy shalt be prompily ass gned and deliv~rrd ~ any held by sa~J AtORlGAGfE as (unhrr security to said n:o~tgage drbt, and, not tess ~han ten (10) days in ad+aoce oi the expirat~on oi each poGcy, to d. Gver to sa~d h10RfGAGEE a renewal thereof, toge~her with a rece~pt for the premium o( such renewal; and the~e shall be ~w f~re or windsio~m insuranc pl~ted o~ any of said 'ouildings. any inte~est therein w part thereof, un!ess in the for~.~ and wi~h the loss pay~6la as a~oresa~d; and i~. the event any sun of muney becocnes payabte under suth poliq oa policirts saiJ IAORTGAGEE shal) have ~he opnon to ret.:ive and appty the same on account of the indebted ness sccured her~by o~ to perm~t sa;d MORIGAGORS ro receive and use it ot any p,~rt tlr_:aoi ior a~}or Nu~FOSrs, v.~~no:t th.r~~~ \V31~11J or ~mp~ir ~ng any equ~ty, Gen or r~ght under o~ by virtue of this mo:tgage; tnd in the evem sa;d M02TGAGORS shall ior any rcason fail Io keep the sa~d premisrs so ~nsured, or i:~il to dr~~ver promptly any of said pot~ties of insurance to sa'd MOR~GAGEE, o~ fa~l promptly ?o pay f~Uy any pre~nium therefw or i~ a~y respect fait to prr4orm, d~scharge, txecute, effecl, complete, comply wi~h and abide by this covenant, or any pert hrreof, said MGRTGAGEE may p~ace a~~d pay ior s.,ch inwr..nce or any part thereof without waiving or aifeding any op~~on, fien, equ~ty, or right under or by virtue ot this Mo~tyage, and the fu!1 arnovnr oi each and e.ery such payment shall Fsz immediately d~e and payable and shall bear interest from Ihe date thereof u~til paid at the rate ot n~ne per c~~ntum pe! annvm ~ncf to~rthei with suth interest shail be set~red by the lien oi this mortgage. 4. To permit, commit ~x svfler no waste, impairr~ent w deterioration of said property w any part thereof. 5. To pay all and singular the costs, chargea and expenses. ~ncfud~ng a reasonable a~~wney's fee and cosrs of abstracts of !ie!e, incuned or psid at ,.ny fbr.e by sa;d A'tORIGAGEE, because or in Ihe event of the tailure on ~he part of the said MORTGAGOR to duty, pro:hpdy and fu:ly perform, d~scharge. -~.?cute, efiett, canplete, comply w~th and ab:de by each and every the stipulat~ons, agreeme~ts, conditions, and tovenants of said promissory ~ote a~d this e:orfgage any o~ e~~her, and sa~d costt, charges and expenses, each and every, sha;l be immediately due and payablQ; whether or not there be notice dr n:and, attempt ?o colixt or suit pend~ng; and the fu~l amount of each and every such paymeM shall bear irocres~ from the date thereof until paid at the o` nuie ~x:r crnium ~r annu:n; and all said coits, cnarges and expenses ~rxurrrd or paid, together wrth such inte~est, shall be secu~ed by ~ht ilen of th~s mo: tg~ge. 6. Thal (a) in the event of any breach oi lhis JNortgage or default on the part of the htORTGAGOR, or (b) in the event sny of sa:d sums of money hcrein r~ferrad to be not pror,~ptly and fuliy paid within thirty (30) days next after the same severa:ly become due a~d payable, w~ithout demand a? norice, cr (c) in tha evenf eath and every the stipuiat~ons, agreements, conditions and covenants of sa.d promissory note and th~s mo~tgage any or either are not '_v,y, promptiy artd Futly performed, d.scharged, executzd, eifected, completed, compiied w~ih and ab~ded 5y, then in e~ther or a~y svch event ~he sa~d ag- ~~~~jate wm mennoned in said promissory note then remairtirtg urtpa~d, with intere;? attrued, and a~l moneys secured hereby, shall become due and pay ae.,~ forthwi~h, or rhereafrer, at the opt;on of said MORTGAGEE, as fully and comptetc~y as ii all of ~I~e said sums of money ~n•ere originally st~pulated ro be pa d on such d„y, anything in sa d p~oln~ssory note or in this Mortgage to the contrary notwithstandi~~g; and thereupon or thereafter at the option of s•_d 1: ORTGAGEE, w~rhout nor.ce or demand, suit at law a in equity, ~herefore or thereaffer begun, may be prosecuted as if all moneys secured hereby r.d tnatured pr.or to ~ts instit~tion. - 7. Thar in the event that at the beginning of or at any time per.ding any suit upon this Mortgage, w to fwectose it, or to reForm it, or to enforce ;.~lmenr oi any ~i,~;ms hzreunder, said ~hORTGAGfE shaU apply to the Court having junsd~ction thereof for Ihe appo~mment of a Receiver, such Cour1 shall f~rth~vith ap~e~m a rece~ver of said mortgaged property atl and singular, includ.ng aU and s~ng~far the income, F~oi~ts, issues and revenues from whatever s::urce derived, each and every of wh;ch, it being expressty understood, +s hereby moirqaged as if speufically set forth and destribed in the granting and !~::bend~m c'a~ses hercof, and such Recei~er shaU have alt the broad and effQCtive funct,ons and po.vers in a~yw~se entrusted by a Court ro a Receiver, and s. ci~ appointme~~T shall b~ made by s~ch Court as an ad~nitted equity and a ma~ter of absoiute right to said MORTGAGEE, and withouf reterence to the ,.!_~a.,scy or inadrq~acy of the vatue of the property mwtgaged or to the soivency or ;nsoivency o1 said MOR+GAGOR or the derendants, and that such r_, ~+s, profkrs, inco.ne. issues and revenues shalt be applied by such Receiver accordhig to the ~ien or equity ot sa~d MORTGAGEE and ~he practice of such Court. . 8. io d~!y, prompf:y and fu:ty peiform, dJscha.ge, execute, effect, complere, comply w~th and abide by each and every the stipulations, agreements,' ~^:~d:t~ons and covenams m sa~d promissory note and th[s mortgage se! forth. 9. That in the event :he ow~ersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MOR7GAGOR, the '.:~RTGAGff, its s~ccesson ar.d ass~gns, may, wiihou? nalce to rhe h50R7GAOR, deal w»h such successor a successor in imerest with reierence to this ~r o•rgage acd ~he d_bt hereby secored in the same mare~er as with hlortgagor without in any way- vitlating or discnarging the Mortgagor;' liability here- :.^der or ~pon the debt hereby secured. No sale of the premises hereby mortgaged ar.d no (orbeara~ce on the part of the MOR7GAGEE or its successon ass~gns and no extens;on o4 the time for the payme~t of the debt hereby sewred given by the b10RTGAGEE or its successors or au~gns, ahall operate ro re+ease, d~scharge, mud~fy ~hange or aflect the orig~nal liabllity of the MORTGAGOR herein, either ir. whole or in part. 10. It is spec:f~cally agreed that time is of the essente of this tontract and that no waiver of any obl~gation hereunder or of the obligation se- c~red fiereby sha;i at an~ tinie thereafter be he:d to be a waiver of the terms hereof or of the instrumenl secured herby_ 11. i:, .;ud.t:o~ ro tiie forego ng mon'hIy payments of princ pal and inrerest required by the prom:ssery nore secured hereb~, mortgagor covenants ~ d agr~~~s to ray to m.orrgagee x~~h each monthiy pay~,~ent an add~~ronal sum esr.:rared by mortgagee to be eq~al to 1,.'12 of t.~e an;waf cost of the fotlow- R-A11 .~a! prop,~.ty taxss fev~_~ or assessed agaiast th~ ebove desvibsd « al esiate. 6-Fr~•~,~,, r,s o~ fre and viindstorm ~nsurarce az here~n req~:~ed ro bs carried on tne ~mproveme~ts s~t~ate on the above d~scribed premises. - C-Pre:~~:,~. s oo such n,oftg~ge guaranty ir.surer,ce as mortgagee shail frem ~ me to t~me deem fit to carry on the loan sec~red hereby. 5~'.ortgagee s~~~!( 'rom t~ma to t~:e,e notify murtgagor in writing of the ar.~ovnt due and payable hereundrr artd such suv~ shall lhereupon be due and •~b!e on th~• d,,e date oi ~he next mo~th:y paymeM and eacfi suctessive month thereaftcr uatil mo~tgagee shall notify mortgagor of a change in s~th ~~nr. Such s~:~~s sFa:l be appSed by mortgagee toward the payment of real property taxes, insurance prem;~ms, a~id mortgage guaranty insurance -rmiums. 1 \'1lTPJESS :'rH:R~OE, the sa~d MORTGAGOR has hereunto set his ha~;d and seal the day and year first aforesaid. t~ S~ n, Sea~ed and deliv + 'n the esence of: ' ~yj ] / at) ~ ~ ~ Roland B ich s . (~a~) - ~ 7'> ~ L GI, - Elisabeth S. Nicholson q S?ATE OF FLOR(DA ~ S Luc ie : JUNTY OF t • ~ , Before me personally appeared Roland B. N1ChO1SOA a~ _ 7~ tabp h S ]1~1 h07 enn his wife, to me well known and known to me to be ~ ~nd;viduais descr~ced in and who executed the fwegoing instrument, and acknowledged beloro me that they executed the same fw !he purposes ' !+~_-e~n expressed. And the sa7d Eliaabeth S. Nieholson :::fe of the sa:d Roland B. Nieholson upon a seperbtf2'and.pirvate •.+~n~nat~on by me taicen separate and apart irom her said husband, at4nowledged to and before me that she executed said instrumenf`freeJy_=ant{ volun- y and w~thour any computsion, constraint, apprehrn ;iq~ or fear of w from her said husband. . ~ ~ ° - c' • - tYtTNE55 my hartd and officia! seal this_- .1 - dsy of Au u3t i.• ' D. L4~7~_ i-`-~. i~ r n ~ . Nomry Public in and for t Slate of FJoridr} at l~ige .I; - My Commission expires: " • • ~ u ~ • Retum To: ~ F'ns~ Federal Savings b loan Associat~on 234520~ r Of ~crt Pi:ee i j~iti,L FG:t Pi~rce. F.crid3 . ...tn.n~~.+`... . FIlEO ANO RECORDED st_ ~uciE countr F~~. ftOC~? POITRAS _ This Instrument Prepared 6y Gary F. Ellwood CL£RK CtR~UlT COURT First Federal Savings 8~ Coan Association RECORD VE*~~FIED...~----- of Fort Pierces Florida ~ ~ Checked B ~ ~ 03 Y~ - ~ . ~ooK 2D4 E~~~E 23? i d2 a_.._,_ _ - _ _ n .