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To ptace and continuously kecp on the buildings now w hereaf~er ~iluate on said land and on all cquip/nenl and peno~~~~y toverod by this mor age, wi~h all pren~i~ms thereon pa~d in futl, fi~e insurance in the usual standard policy torm, in a sum approved by the MOR(GAGEE, and windsto ~nsura~ce in the usval standard pol;cy (orm, in a sum approved by the MORTGAGEE, in tuch tompany or ton+pan~es ai the MORTGAGEE m direcr, and all fire and windstorm i~iurance po~iues o+? any of iaid build~ngs, any interes~ ~herein or pa~t thrreol, in the aggregate sum afwesaid in excess Ihereof, shall contain the usual standard mortgagee dause w such other clause as ths Mwtgagee may rcq~~rs, making ~he losf u~+da sa~d po c~es, each and every, payabte ~o said MORTGAGEE as ~ts interes~ may appea~, and each and every s~ch poiicy ~hall be promptlY au pned and detiverod ~ ar.y held by sa~d h50R~GAGEE as (u~ther security to said niwtgage debt, and, no~ les~ tnan 1en (10) days in adva~ue of the ezpirat~o~ of each polity, to d~ i~vrr to said MORTGAGEE a re~ewal thereof, togetFur with a reteipt for tM premium of such renewal; and there shall be no i~re or windstonn insurant placed on any of said buifdings, any interest therein or pait Ihereof, unless in the (orm and with the loss payable as aforesaid; a~d in the event any sun of mon.y becomes payable under such policy or policies said MORTGAGEE shall have the opt~on to receive and apply Ihe same on account of the indebted ~~ess secured hereby o~ to permit said MORTGAGORS to receive and vu it or any part thereoi for o:ncr purposes, ~v[iho~t th~~~u~ waiv~~r3 0~ ~mpalr ~ng any equity, Iten or r~ght under a by virtue of this mo:sgage; and in the eve~~ sa~d MORTGAGORS shall Ew any reason fs~l to keep the s~~d premisri ~o ,nsu~ed, or fail to drliver promptly any of said pol~cies of insurance to said MORTGAGEE, or fail promptly to pay fuily any pre~nium therefw w in a~y respec~ fail to periorm, discharge, execute, effect, complete, comply with and abide by this covenant, w any parl hareoi, said MORiGAGEE may plsce and p,~y for auch insurance or any part thereof withou? waiving or af(ecting any optipc, lien, equity, or righf under or by virtue ot this Mortgage, and the f..ll amount of each and every svch payment shall be immediately due and payable and shall bear interes~ from the date thereof umil paid at the rata of ~~,ne per ce~rum pe~ a~num and to~ether with such inTerest shall be srtured by the lien ot this mortgsge. 4. To permit, commit w sufter no waste, impairmenf w deterioration of said property or any part thereof. 5. To pay all and singufar the costs, charges and expenses, includ~ng a reasonabfe attorney i fee and cos~s of abstrads of title, incurred w paid a~ .r,y time by said MORIGAG:E, Ixcause w in the event of the failure on the part of the said MORTGAGOR to duly, prompNy and fv~ly pe~iwm, d~uharge. :xecure, effec~, complete, comply w~th and ab:de by each and every the st~pulations, agreements, conditions, and covenan~s oi sa~d promissory note and this .~,ortgage any or either, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whether q not there be no~~ce de ~„and, attempt to collect or suit pe~d~ng; and the full amo~nt of each and every such payment shall bear interest from the date thereof vntil paid st tht r,,re o~ nine per centi~m per annu:n; and all said costs, charges and ex.~e~ses inturred or paid, togeiher w~tF~ such interest, shall be secured by the iien of thu mortgage. 6. That (a) in the event of any breach of this 1Nortgage or default on the part of the MORTGAGOR, or ~b) in the event sny of said sums of money herein referred to be not prompdy and fulty paid wi+hin th~rty (30) days nex~ aircr ~he same severalty become due and payable, withou+ demand w noYKe, or (c) in thr event each and every ~he s~ipulations, agreemems, conditions aod covenams of sa;d promiswry note and th~s mortgage any w either are no1 ~uly, pranptly and fu~ly performed, d~xharged, execu~ed, eifected, completed, compl~ed with and ab~ded Sy, then in eith~ or any svch event the said ag- 3-egate sum mentioned in said pranisswy note then remaining unpaid, with interest accrued, and att mo~eys setured hereby, shall become due a~d psy- ao:e forthwith, or thereafter, at fhe option of sa~d MORTGAGEE, as fulty and comp~etety as if all oi the sa~d sums of money were wig~natly st~pulated ~o be pa~d on such day, anything in sa;d promissory note w in thi: Mortgage to the cororary notwithstanding; and thereupoo or thereafter at the opt~on of s-,.J MORTGAGEE, wit!:out nonce or demand, suit at law w in equity, tF~erefore or thereafter begun, may be prosecu~ed as if all moneys secured hereby n,d matured pnOr to i1S inStitution. 7. Thaf in the event that at the beginning of or at any time pending any su;t upon this Nbrtgage, o~ to toreclose it, or to reform it, or to er.face , ayment of any cla~ms hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof fbr the appointment of a Rece~ver, svch Court shall fcr;h~n•ith appo~nt a receiver of :aid mortgaged property all and singvlar, inclvd~~g atl and singular the income, prof~ts, issues and revenues from whatever seurca derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~fically set iorth and deuribed in the granting and t~,3!:endum clauses hereof, and such Receiver shall have all the brbad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s_ch appoinrment shall be made by such Court as an admitted equity and a matter of absolute right to sald MORTGAGEE, and withou~ reference to the a.lequacy or inadeyuacy of the value of the property mortgaged or to the soivency or insolvency of said MORiGAGOR w the defendants, and that such rr•~ts, profits, inco.ne, issues and revenues shall be applied by :uch Receiver according to the lien or equity of said MORTGAGEE and the pradice oi such Court. , 8_ To d~!y, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemen~s, :o::dit~ons and covenants in sa~d promisswy note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the :'ORTGAGEE, irs successors and assgns, may, w~thout notice to the MORTGAOR, deal with such svccessor o? svccessw in interest with refere~ce to this ~•orfgage and rhe deb~ hereby secured in the ssme manner as with Mortgagw without in any way vitiating or dixharging 1he Mortgagors' tisbility FKrr ~:,der or upon the debt hereby secured. No sa~e of the Fremises hereby mortgaged snd no forbearante on the part of the MORTGAGEE w its suctsssors cr ass~gns and no exrer.sion of the time for the payment of the debt he~eby secured given by the MORTGAGEE or its successors w auigns, atia14 operate ro retease, d~scharge, modify change or affect the original liability of the MORTGAGOR here~n, either in whole or in pa~t. 10. It is spec~fically agreed that time is of the essence of this contract and that no waive? of any obligat~on hereunder or of the obligaf'an sr cured hereby shall at any time thereafter be held fo be a waiver of the terms hereof or o( the instrument secured herby. 11. in add.t,o~ fo the forego:~g monthty paym~nts of princ pa! and interest required by the promissory no!e secured hereby, morlgagor covMants +~~d agrees to pay to mo-tgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1 j`12 of the annual cost of the follow- ~J- ' A-Alf real property taxes lev~ed or assessed agaiest thc above described real estate. ~ B-Frzmiums on fire and windstorm insurar.ce as herein req~:red to be carried on the improvemeits situate on the above described premises. C-Pre~n~ums on such mwtgage gua~anty ir.surar,ce as mortgagee shatl irom t~me to time deem fit to tarry on the loan secured hereby. Mortgagee sha:l from time ro time notiiy morrgagor in writing of the amount due and payable hereunder and such surn shall thereupon be due and ~ able on the d~e date of the ne,et moroh!y payment and eath successive montfi thereafter ur.til mwtgagee shall notify mortgagor of a change in such ~ •.o.,~t. Such sums sha:l tx applied by mwtgagee toward the payment of real property taxes, insurance prem.ums, and morigage guaranfy insurance : ~•em~ums. ~ IN Y~ITNESS V'lHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear first atwe id~ ~ S~gned, Sealed and delivered in the esence of: h~l W. d ld , s0 ~ - ~ • ary s~n Vivian . Godbold ,~s~ 5 ~ ATE OF FLORIDA ~ St . Luc i e u- ~~UNTY OF Before m? personally appeated John {A~ ~ Ci0(~bO~.d a~ ~11V 1dI1 l,, .~'a0 his wife, to me well known and known to me to be ~~a individ~als des.ribed in and who executed the foregoing instrument, and atknowledged before me that they exetuted the same iw the purposes rherein expressed. And ihe said Vivian L• CaOC~b01C~ ~-.Fe of the said `JOhn W• ~iOd~O~'d vpon a separate and priv~ts ~<am~~ation by me taken separate and apart from her said husband, acknowledged to and befwe me that she exet~ted said inslrument freely and volurr ~~r~ly a~d w~thout any computsion, constraiM, apprehension, w fear of or from her said husband. ~ VYITNESS my hand and o(ficial seal this 3rd day of Au St A D. 19 72 ; • • ~ ary Pubtic in and for tlx S~ate ide t rye ~ ~ Commission expires: 'p~Q~ ~S ~ Retum To: ~ "iQTARY P!`3'.'~ ST?':Tf ~t ~~nF.~pq~~.t:ti4~E ~ first Federal Savin s 3 loan Association ~34'733 ~~....~~-J ~ 9 ~^.r,.• _ v _ GQ Of Fort P:erte. - B~nCed IMu G~rQa• ~Wr~E"'. ~9;•'3475 ~ ~ ~.v~1+;~~'itt~ ~ FOrt P:erGe, FlorrJa fILED A~10 RE6 - ' ~ ~ - ~t. iE ca~ ~ e• = Ro~e~ Po~~a~ii~' = - . .`t- ~ . = CIEitK CIRCUit C0~l~ - ~ ~ ~ - ~ - This Instrument Pre ared B RECOR~ vER?FiEO_.~.~,~ - ~ ~ _ P Y John W. Collins ~t' ~ ~`b ~ First Federa! Savings 8 loan Association ~ w~ pu ~ . v;-•'' - of Forr Pierce ~ Florida q ~ ..2 ~ =~'J ~K~°~`,C~ ~ ~ ' ~ ~ " • ^ ' Checked By ~ 600K ~?V't PACt ~VU~ ~ 5 - - - - ..F._ _ w . - - " ~