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To p'ace and comin~ously krep on ihe bu~:dings no.v or hereatter situare on said land and on aN equipmenl and personally cove~ed by this mor ege, w~th all pre:,uums thereon pa:d in lull, lire insurance in ihe usual s~andard policy form, in a sum approved by ihe MOR~GAGEE, and w~ndsto . ~ns~rancr in ~he ~sual srandard pol:cy iorm, in a sum apprwed by the MORTGAGEC, in such company or companies as the A~ORIGAGEf m d.~ecr, and all fire and w~ndsrorm insurance poLc~es on any of sa~d build~ngs, a~y imerest therein or parl the~eof, in the ag9regate sum aforesaid in excess thercof, shall :ontain ~he usuat stand.~rd moregagee dause or such othe~ clause as ~he Mortgagre may requ~re, making the loss urxler ta~d po ' c~•s, each and every, payab'e to said A~ORTGAGEE as its int~rest may appear, and each artd every such po~;ty shaA be promptly ass gned a~.d det~vered ~ jny held by sa~d h10RfGAGEE as fur~hrr secu~ity ~o sald mortgage debi, and, no~ less than ten (10) days in advance of ~he explrat~on o1 each pol~cy, to d. .~vrr to said A10RiGAGEE a renewal thereof, toge~her with a rcteipt for the premium of ~uth renewal; a~d there shatt ba no f~re o~ wi~idsrorm insu~ant p~3ced on any of sa:d bu;!d~ngs, any in~eresl the~e;n or pa~t thereof, unless in the for~n and with the loss payable as a!oresaid; and in the event any sun ot money beco:nes pay3ble under such policy ot policies said MORTGAGEE ahall have the op+~on to rxeive and apply the same o~ atcount oi the indebted ~~~~ss setured hzr~by or fo permit said I'AORiGAGOR$ to reteive and ufe if O? eny parf thereol to~ otnz~~ ~UIj Oii`S, YidhGJf ~h>•~ u~ w~ivi i3 or ~mpair ~ng any ~urty, I~en or r~ght undrr w by virtue of this mor•9age; and in the event ~a~d MORTGAGORS sha!I fw any ~eason fail to keep the said premiset so r~s~r~d, o~ 431t-fo-deltve~ pra.nptiy iny of said policiea af insurance to sa:d MORTGAGEE, o~ f~il promptly to pay fu~ty any pre~~~ium therefor q in any reszecf (ail to pe•form, d,schdrge, exetule, eiFect, tomptete, comply with and abide by this coven~nt, a any part ha~eof, said htORfGAGEE may piace and pa; for wch insur~nce or any parl fhereof w~thouf waiving w a(fecting any optio~, lien, equity, or ~~gM undar w by vi+~ue of ~his Mongage, and tht !~u amo:,nt of each and every such payment shaN be immediarely due and payable and shall bea~ inte~e?~ from tha date thereof until pa~d at the rate ot e per cantum per annu~» and To~elher w~th such interest shati be sxured by the lien of this mortgage. d. io permit, commit or suf(e~ no waste, impairment w deterioration of said property o~ any part thereof. 5. To pay all a~d singular the costs, charges and exper.srs, including a reasonable attorney's fee and costs of abs~racts of ti~[e, incurred or paid at ~~y t~~nr by satd MORTGAGEE, because w in ehe event of the !ailwe oo the pan of the said MORTGAGOR to duly, pron pNy and fully perform, d~stharqe. _~..cute, effec~, canplete, co:noly w~th a~d ab:de by each and every the stipulat~ons, agreements, conditions, and tovenants of said pranissory nole and this ~ origage any or e~iher, and sa~d costs, charges and expenses, each and every, shatl be immediately due and payable; wnether p~ not lhere be notite dr .,nd, atte~npt to co:lect or wit peod~ng; and Ih2 full amount of each and every such paymem shall bear imeres~ from ihe date thereot until paid at the ~ r:~ o~ n~ne per cani~m prr a~~~w:n; a~d alI said costs, charges and ez~nses incurred or paid, together w~th such interest, shall be secured by the iien of this ~~orrgage. b. iha? (a) in ?he event of any breach of this Mortgage or defaulf on the parf of the MORiGAGpR, or (b) in tfie event any of said sums of money ~~~rein referrcd fo be not pra»ptly and fully paid within thirty (30) days next after the same severa:ly become d~e and payable, without demand o? notice, : r;c} in thr event each and every the stipulations, agreemenfs, conditions and tove~ants of sa:d promiswry note and th~s r»orlgage any or ei~her are nol ' i,,;y, Fromptly and f~lly performad, d~xhargrd, executed, effected, completed, compiied wiih and abided Sy, the~ in e~ther a any such event tlu said ag- ~ ~•_•gate sum men~ioned '+n said pcomissory nore then remaining unpa~d, with iaterest accrued, a~d att moneys seturec! hereby, shall b e come due a n d pay- ~c e fotthwith, or rherea'rer, at the optio~ of said AiORTGAGEE, as futly and completely as ii all of the said sums of money were a~gina~ly supulated •c~ ~,e pa.d on such dcy, anything ;n sa:d promisswy note o: in this Mwfgage to the contrary notwiihstanding; and thereupon or fhereaffer a~ the option of s 3 t1tOP.TGAGEf, .vithout nonce or demand, suit at !aw w in equity, therefore w thereaf~er begun, may be prosecWed as if all moneys secured hereby d mat~red pror to ~U instisution. 7_ That in IF,e event that at the beginning of or at any time pending any suet upon this Mortgage, or to forectose it, or to reform i1, or to enforce :.~rrnent of any ci,i~:,s hereunder, said MORTGAGEE sha? appty to the ~ourt having jur+sd;u;on the~eot for the appo~ntm~nt of a Receiver, such Court shall rh.virh dppoint .7 rece~ver of said mortgag~d prope~ty all and singutar, ~n~tud~ng aU and singu~ar the ir.come, proirts, issues and revenues irom whatever s u•ce derived, eech and every of wh:ch, it ~iny expressly unders~ood, is hereby mortgaged as if speuficaity set forth and destribed in the granring and endvm clauses hereof, and such Receiver shall have alt the broad and efiective funct:ons and powers in aoywise. emruated by a Cou?f to a Receiver, and ~~ppo~mment shaEt be mada by such Court as an admitted equity end a matter of absolute right to said MORTGAGE., and without reference to the ':.t~~rJ or ~nadequacy of the vat~e of the property mortgaged or to the so.vency or ;nsolvency oi sa+d MORiGAGOR or the defendants, and that such j r rs, proi~ts, incane, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and Ihe practice of such = CoUf1. t 9. io dv'y, Frempt!y and futly perform, discharge, execute, eifec?, complete, comply with and abide by each and every the stipulations, agreemants, i ~r~ditions and covenan~s in ia~d promissory note and this mortgage set forth. ( 9. That in the event the ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vest~ in a person other than the MORTGAGOR, the ~ RTGAGf E, irs svccessors and assigns, may, withwt rotice to ~he MORTGt+OR, deal with such suctessor or successor in interest wirh reference to this o+gage ar:d !ne d~ut hereby secured in the same manner as with Abrtgagw without in any way vitiating or d~scnarging the Rllortgagors' Iiability here- :icr or upon the debi h~reby sec~r~_ No safe of the premises h2reby mortgaged and no fo~bearance on the part of the /dORiGAGEE or its successors o• ass~g~s and no exrpns~on of rhe time for the paymen? ot the debt he.eby secured given by the MpRiGAGEE or its successors or auig~s, aiiall operate - ~o re~ease, dischzrge, modify change o~ aifect the original liability of the MORTGAGOR herein, either in whole or in part. 1p. It is spec~f~cally agreed that time is af the esse~ce of this contract and that no waiver of any obligation hereunder w of the obligation se- cvr~d hereby shaii ar any time thereaiter be hetd to be a wai+er of the terms hereof or of the instrument secured herby. 11. !n ~;id r.c:~ to the forego nq momh)y paym~nts of princ pal and interest requ~red by the prom;ssory ~o!e secured hereby, mortgag~r covenants • d agree: to pa~ +o e~o-tgagee w~th each momhiy payrnent an add~sional sum est~n,afed by mortgagee to be eq~a{ to 1; 12 of the a~mval cost of the follow- A-dll .~aE Froperty taxas lev~ed or assessed against th~ atove descri~ed rea! esrate. 6-Pra•:,iw:~s on f~~e and windstorm insurar.ce as herein requ~~ed to 6e carried on the improvements situate o~ the above destribed premises. C-Prrrn::,,~ s o~ svch mortgage guaranty ir.syrar.ce as me.tgagee shall from t me to t;m~ deem fit to carry on the loan secured hereby. Jt'torrgag_~ s'~a i'~om n~ne rc t~me not~fy martgagor in wr~ting af the amovnt due and payable hereundrr and such surn shafl thereupon be due and . .~>>e on r~i c1;r_ 6~re ot the ,r~xt :nonth'~ payment and each successive month thereaitc~ ~r.til mortgagee shall notify mortgagor of a change in such ,nt, $uch su:ns sFa.l F;e applicd by mortgagee towa:d the payment of real property taxes, insurance prem:ums, a~~d mortgage guaranty i~su?ance . . ^~.ivm5. IN ~lJIrJESS ':INFR~Of, ?he sa~d MORTGAGOR has hereunto set his hand and seal the day an yea~ first aforesaid. ~gned, Seated and delivered in the p~ese~ce of: .rL~~,~-vi/.•~ a7~~~~• (Seaf) nald J. Willeas ~~a~~ . (Seaq i - 8Il C. Wlll@~S (Sea4 ' # ~ .=,+E OF FLORIDA ~ 9 ~ S$. ~~~r~Tr oF _ St . Luc ie ~ . s Before me personally appeared Donald J~ {~111eIDS a~ _ .IOaI'1 C. {A~1 ~.l@mS - his wiie, to me well known and known to me to be _ individ~a;s descriced in and who executed the foregoing instrument, and atknowledged before me tFwt they executed the same for the purposes -ein ezpressed. And the sa~d__ JOafl C. wll ~@~YS 'e of the satd DOAdl(~ .1. {~l~,~Qm3 upon a separate and privite ~ ~ nar~on by me taken separate and apa~t from har said husband, acknowledgecl to and before me that she exetuted said instrument freely and volun- .~:y and w~tho~t any compulsion, constraint, apprehens;on, ~.,fear of or from her said husband. WITNE55 my hand and offiual seal this__ day of ust A. D. 19 72 l 1 - G yL_. Notary Public i nd for the ate of fbrida at Large_, Return To: My Commiss' expires: / 9 7~ First federa( Savings b Loa~ Associat~on NpjpRY aL'~~IC STATF (1F F[ n4'Op ~'~7 ~ ARQ~ o! Foit P f,ce. MYCOIdMISSION EXPIRES AU.^~. ~ 6, 1975 Fo~t P~_rcz. Ficr da G~.NFRAL ~V~Nri~. ~~w~ t i ~ rLEO AM~J RECORpEO This Ir•strument Prepared By Wn. E. Braun ~ `~•tUC1E CQUNTYFtA. ROCE= ~ ~ "RAS n~ First Federal Savings 8 Loan Association C~ERR Ct;:;,t11T COURT of fort Pierce~ F2orida ~Fr,~RO YEF+~~FD~\`,. Checked By ; KU4 ~6 ~U 3i IUl ~1Z - gouK~S ~acf 7~ ;~35495 dZ , ~ _ _ - - _ _ _ . ~ ~