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To p!ace and continuously keep on the bui:dings now a hereafter situate on said iand and or+ alf equip~nent and penanally covered by this ma age, with all premiurns rhereon pa~d in full, fire insurance in the usual srandard poSicy torm, in a sum approved by the MOR(GAGEE, and windsto ~ns~rante in 1he usual s~andard po!•cy form, in a sum approved 6y the MORTGAGEE, in such co~npany or companies as Ihe MORTGAGEE m d~rect; a~d all (i~e and w~ndstorm insurance policies on any of said build,npi, any interes~ therei~ or par~ thereof, in the aggregaee tum alwesa~d in excess ~hereof, shall contain the usual s~andard morrgagee cla~se or such olher tlause as 1he Mwtgagee may reyu~re, maAinp the losi undar ta~d po c~es, each and every, payab~e ro aaid h\ORTGAGEE as ~ts interei~ may appea~, a~d each and every such po.rcy shail be promp~iy ass gned and delivered ~ : any held 6y sa~d MORIGAGEF as further security to said mortgage dcbt, and, not ku than len (10) days in advance of the expira~ion of each poltcy, to d~ } I~ver to said MORIGAGEE a renewal thereof, toge~her with a reteipt (or the premium of such renewal; and ihere shafl be no f~re or windslo~~n insurant placed on any of sa~d buitdings, any interes~ therein or pa~~ the~eof, unless in ths form and with the loss payable as afo~euid; and in the evenl any sun of money beco~nes payabl~ unoe? such policy or pol~cies said MORTGAGEE ahall have the opt~on to reteive and apply the same on accow~l of Ihe indebted ness aecured hc~cby a to perm~t aaid MORTGAGORS ro reteive and ux it w any pa~t tAe:aol Ior o:her pu.~>osrs, v.~~hout th;r. u~ vv~~~i~~g u~ ~~~~p~~~ +~g any equity, l;en or r~ght under w by virtue of this mo:'gage; ~nd in the eveN uid MORiGAGORS shatl :or any reason fail to keep the sa~d p~emisrs so ~ ~n:ured, or fail to del;ver promptly any of said pol~cies of insurance to said MORTGAGEE, or fail prompfly to pay (ully any pre~»iurn theref~ o~ in any respect fail to perfo~m, discharge, execut~, effect, complete, comply wi?h and abide by this cove~ant, a any part hareof, said MGRTvAGEE may plate a:~d pay fw :uch insurance or any part thereof w~thout waiving or affecting any option, lien, equ~ty, or ~igh~ under or b1 vir?ue oF this Mortgage, and the fvll arnount of each and e~~ery such payment shall be immediately due and payabte and shall bear irtteres/ from the date thereof until paid at the rate ot r~~ne per centum per annum and to3ether wiih such interest shali be setured by the ~ien of this mortgage. 4. To permit, commit w suffer no waste, impairment w deterioratio~ of said property w any part thereof. S_ To pay all and singular the costs, charges snd expenses, including s reaso~able attorney's fee and costs of abstracts of titls, incurrcd or paid at any time by sa~d MORiGAG:E, because a in the evero of the fa~iure on the pa~t of the said MORiGAGOR to duly, promptly and fully periwm, d~uharge. ex<~cute, efieu, cemplere, comply w~th and ab;de by each and every the stip~lations, agreem.:nts, conditions, and covenants of said prom~ssory note and thi~ ,:ort9age any or e+iher, and sa~d costs, charges and expenses, each and every, shaff be immed~ately due and payable; whe~l+er a not there be r?otice dr mand, artempt to collect or su;t pend,ng; and the ful! amount oi each and every svch paymem shall bea~ interos~ from Ihe date thereof until paid at the r~re oj nine per centum per anuum; and all said costs, charges and expeoses incurred or paid, together w~th such interesl, shall be secured by Ihe fien of this mortgage. 6. That (a) in rhe event of any breach of th:s Mortgnge or deiault o~ ths part of the MORTGAGOR, or (b) in the event any of ss~d sums of money ; herc~n reEerred to be not p~anptly and fully paid within thirty (30) days ~ext af~er the same severally bxome due snd payab!e, without demand or notite, j or (c) in tha event each and every the stiputations, agreements, conditions and covenants of sa:d p~omissory note and th~s morigsge any or either are not ! i~3y, promptly a~d fully performed, discharged, executed, eifected, completed, complied with and abided ~iy, then in either w any such evenl ~he said ag ~ gregate sum ment;oned in said promissory note then remaining unpaid, with interesl accrued, and ati moneys setured heteby, shaN betome due and pay- ab:e forthwirh, a the~eai?e~, at the opt;on of said MORTGAGEf, as futly and completely as ii all of ~he said sums o1 money were a~ginally st~putated ~ to be pa:d on such d~y, any~hing in sa:d promisswy note or in this Nbrtgage ro the comrary notwiths~anding; and thereupon or thereafter at the optio~ o( :a;d MORTGAGEE, without notice or demand, svit at taw or in equity, t1?e+efore or thereaiter begun, may be prosecuted as if all moneys setured hereby t n~d nwtured pnor to As institWion, E 7. That in the event that at the beginning of or at any fime pending any suit upon fhis Mortgage, or to foreclose it, w to reform it, w to enforce ~ paymero of any da~ms hereunder, said MORTGAGEE shatl apply to the Coun having jurisd~a~on she~eo! for the appomhnero of a Receiver, such Court shall ~ fcrtnwith appo~nt a receiver of said mwtgaged property all anc3 singular, inc~ud~ng all and singular the income, profds, issues and revenues from whate~er i s; u-;e derived, each and every of wh~ch, it being expressly ~nderstood, is hereby mortgaged as if spec~ficalty set forth and described in the gronting and h.~i~ndum ciauses hereof, and such Receiver shall have all the broad and effecrive funct,ons and powe~s in anywise e~trusted by a Court to a Receiver, and i s- ch appointme~~t shall bc made by such Coun as an bdmitted eq~ity and a matter of absolute rfqht to said MORTGAGEE, and without reference to the ; a,'.equacy or inadequacy of the value of the property mortgaged or to the sotvency or insolvency o1 said MORIGAGOR w the defendants, and that such r_~•,rs, profifs, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and ihe~practice of such Court. ' B. to duSy, prompt!y and fufly perfwm, diuharge, execute, effect, comptete, comply wifh and abide by each and every the stipulateons, agrelrnenis, :ondit~ons and covenants ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person othe~ than the MORTGAGOR, the :'ORTGAGEE, irs successors and assigns, may, withoW norice to the MORTGAOR, deal with such succeuw or successor in interest with relerence to this n~o~rgage ar.d rhe debt hereby secured in the same manner as wiih Mortgagor without in any way vitiating or dixharging the Mortgagors liability here- ::rder or upon ihe debt hereby secured. No sale of the premises hereby rtwrtgaged and no fwbearance on the part of the MORTGAGEE w its successws or assigns a~d no extens;on of the time (or the payment of the debt h~reby secured given by the MORTGAGEE or its successors or assigns, ~.'wll e~perate fo re!ease, discharge, mod'efy change w affect the orig~nal liabitity of the MORTGAGOR herein, either in whole o~ in part. 10_ It is spec~fically agreed that time is of the e:sence of this contract and that no waiver of any obtigation hereunder or of the obl'gation se- cured hereby shali at any time thereafter be hetd to be a waiver o( the te~ms hereof or of the instrument setured he~by. 11_ In add:tio~ to the forego'ng monthly payments oF princ~pal and interest required by the prpm~isory note secured hereby, mortgagor tovenanis +^d agr~es to pay to mortgagee with each monthly payrnem an add~~ional sum est~maled by mortgagee to be equai to 1~'12 of the annual cost of the foilow- ;~,a: A-All real prop~rty tax~s (evied w assessed agai~sf the above described mat esrate. B- Pr~m.~ums on f;re and windsrorm insurar.ce as here~o requ~red to be carried an the improveme~ts sitvate on the above desaibed p?emises_ C-Pre~niurns on s~ch mortgage guaranty ir.surar~ce as mortgagee shail from time to time deem fit to carry on the ba~ secured hereby_ Mortgagee sha':I 4•om t~me to time notify mortgagor in writing of the amount due and payable hereuodrr and wth su:n sha(I thereupon be due and :~~abte on the due dare oi rhe ~ext monthty payment and each success;ve monrh thereafter ur.til mwtgagee shall notify rrwrtgagor of a change in such ount Svch sums sFaii be applied by mwtgagee toward the payment of rea1 propeny tazes, insurance prem;ums, and mortgage guaranty insurance emiumS. tN \Vi1PJE5S ~VHER~QF, the said MORTGAGOR has hereunto ut his hand and seal the day and year first aforesaid. Sgned, Seated and delivered in he presenc of: ~'J ~ - -~-1~1,~~L~ J j/ /L.~,~~~ean - W11~1 COIl1IIS an ' - ~c1.tiLc,'t~ c ~ rc,.~p ; Pauline Collins r~,~~ ~.~%.TE oF F~oaida j CJUNTY OF St. Lucie ~ u- 8efore me penonally appeared W1111@ COlllAS ~ a~ ~~dL~lII6 COIZIAS his wife, to me well knowo al~ knunq~ to me to be rhe individuats described in and wFw execwed the foregoing instrument, and acknowledged before me that they executed;;tl~~~iaw~e for.tke purposes rherein e:pressed. And the said Pauline Collins , ~ ~ ~.~fe of the said IAIlZile C~ZZ1lt5 '~.L rst~ ar~pn'vsts e~am;nat~on by me taken separete and apart from her said husband, acknowledged to and befwe me that she execu j{~~i~i ~fre~ aq~''~1?~ ~a-~ly and without any compu{sion, constraint, appre n}ipn, or fear of ot fr her id husband. ~s• ~ ~ • ~r WITNE55 my hand and offiual seal thi t~ day of Au ~t p~ ~f ,~2 . ? ~ . otsry P~blic in . fw the $t~fe 6f~ fbri~d~+ti rp~ ~ My Commissioo ex ~res. ~''~.,r~~~n~~•" . Retum To: 3' y~, -y' First Federal Savings 3 loan Association ; Of Fort P:e;te. i 3 Fort Pier~e, Florida ~ i ~ s~~iuciE cou~TY f This Instrument Prepared By : Gary F, fillwood ROCER POITRAS CLERK CIRCUIT CdURT First Federal Savings 8 Loan Association RECORD nta~flEO~.,.~.~ of Fort Pierce ~ Florida 33450 CF~ecked 8y ~ ~ ~ Ox ~ ~~K ~04 ~ 27 ~ ~ ~~h~ ~ y~~_-. , - _ ~ u , - aV