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To p'ac? and contin;,ousty keep on the bui d~ngs now w hereafter s~iuate on sa~d land and on ali eq~~p~neM and personally covered by lhis ma e9e, w:th all prenu~~ns ~hereen pa:d in full, fire ins~rance ~n ~he usual star.dard po~icy form, in a sum a;.;~rored by the MOR~GAGEE, and w~ndsto ~nwrance in ~he usual s~anLard pot.cy lorm, in a sum appro+ed by the h10RTGAGEE, in such company or co:npan~es as ~he h10RTGAGEE m d~rrcr, and all fire and w~ndsturm insurance poliues on any of ~a:d buildmgs, any interest therein or pa~t thereof, in Ihe aggr~ga~e w~n aforesaid in eacess ~h~reof, shall :ontain ihe usval s~a~~dard mortgagee uause o~ such o~her ttause as the Mo~tgagee may requ.re, making Ihe loss unde~ sj~d po c~es. each and r~e~y, p~y~5~e So said 1~50RTGAGEE ~s ~~s iro~r~sl may appear, ar+d each and eve~y such po~~cy shall be prompdy assgned and del~va~rd ti any held by aa~d htORIGAGEE as (urth_r sacurity ro said mortgage debt, a~d, nof les~ than ten (10) days in advance of the expirat~o~ of each poGty, to d. t~~e~ to said h10RTG~GEE a renewal thereof, together with a receipt for tha premium of such ~enewal; and_thrre shall be rw i~re or wi~~dstonn insuranc placed on any ol sa;d build~ngs, any intcrest there~n or part thereof, unless in the fo~m and wnh the loss payabte as afo~esaid; and in the event any sun of money beco~nes pavab:e under :uch policy w poGues sa~d A10RTGAGEE shall have ihe opf~on to rece~ve and app:y the same on account of the indeb~ed ness se:~rcd her~by or ro perm~t sa~d MORTGAGORS to reeeive and use il w any pa~t ~hc:coi tor o:~~rr purF Cst~i, vn~hO.r ih ui .v_~+i ~3 c~ ~~~:pu~r ing awy equ~ty, I!en or right undcr o~ by virtue of this mo:•gage; and in Ihe event sa~d MORTGAGOR$ shall :or any rcason iail to kcep the said prem~ses so ~nwreJ, or fail to deiiver pro~nptly any of said pohues of insu~ance to sa~d MORTGAGEE, or f~~l promptty ~o pay fuily any pre~ni~+n the~efor o~ in a~y resG:rct fai: to pe:form, d:schaiye, execute, effect, complete, co:nply with and abide by this co~enant, or any par~ hareof, sa~d MORTvAGEE may place a~d p>y ior such insur,,nce or any part thereof without waiving or affeding any option, lien, equity, or right under or by virtue ol this hlorrgage, and the f;;il a:na~n~ oi each ar.d e.ery such payn:ant slial! be immed~ately due and payable and shall brar inter~st trom Ihe date thereof until p~id at the rate o1 •+~:~e p~'r cenwm per ai:nu:? and to~ethar with suth inr~resr shau be secured by the lien of thia mortgage. 1. To permit, commit or sufter no waste, impairment or deteriorat~on of said property w any part Ihereof. 5. To pay aIt and singufar the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at r,y f~~cr by s~~d A10R~inAG:E, beca~se or in the event of the fa~lure ort the part of the said MORiGAGOR to duty, pro~nptly and f~l1y perform, d~scharge. ~.~_cue,a, efiect, co~r.p':ete, co~»p1y w~rh and ab:de by each and eve~y the st7pula~lons, agree~nents, cond~e~ons, and covenants of said promusory note a~d ~h~s ~~~rrgage any or enher, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whe:her w not the~e be notice da ~~.~~~d, alte~npt to co~lect or suit pend~ng; and the full a~nount of each and e~ery such paymem shall bea~ interest from the date thereot until paid at the o~ n~ne pei c_:::~~n ;~ar anuu.n; c~~d aii saiJ costs, ct:arges a~.d ex~enses incurred or paid, together wah such interest, shall be secured by the Iien of this morlgage_ 6. That (a) in tha event of any breach of this Mortgage or default o~ tM part of the 1VlORTGAGUR, or ~b) in the event any of sa:d sums of money herein ~eEe~red to be r,ot prcmpr~y and fully paid within thuty (30) days nexf airer the same severa:~y become due and payable, without demand ar notice, .~;c) in thr event each and every the slipularions, agreements, tond~nor.s and Covenams of sa;d promissory note and th~s rcortgage any w either are not iu:y, pio~nptly and tu;ly performed, dschargrd, executrd, effected, completed, complied w~th and ab~ded 5y, lhen in e~ther or any such event the said ag- :~cgate sum menr.o~,ed in sa~d prom~ssory note theo remaining unpa~d, with interest acuued, and all moneys secured hereby, shall become due and pay e forthwith, or th_rea{~cr, at the opnon of said MORTGAGEE, as fuUy and compfetely as ii all of the sa~d sums of money were wig~nally s~~pulated +o b~~ pa.d on such d.:y, am~thing in sa:d prom~ssory note or in this Mortgagr to the contrary not,rvithstanding; ano thereupon or thereafter at the op~ion of s-.d MORTGAGEE, v:ithovt nonce or demand, suit at law or in eqwty, there(ore or fhereafter beyun, may be prosecuted as if all moneys secured hereby r:.d matwed pnor to ~ts institu:~on. 7_ That in fhe event that at the beginning of or at any time pending any suit uEon this Nlortgage, w to foreclose it, or to reform it, or to enforte ;.i:ment of any daims hereurder, said 1dORTGAGEE sha~l apply to the Court having jurisd:crion thereof for ~he appo~ntment of a Receiver, such tourt shall .~•rhwirh app:~nt a rece:ver of said mortgaged property all and singular, inciud~n9 alt and sfngvlar the income, profrts, issues and revenues from whatever ce da~ived, each ar.d every of wh~ch, it being express!y understood, is hereby mortgaged as if spec~~ically set forth aod described in the g~an~ing and endum ciauses hereof, aed svch Receiver sha~f have all the broad and effective funci.ons and powers 7h anywise emrusted by u Court to a Receiver, and ,_h appo~nrm~_~v shait be made by such Court as an admi~ted equity and a matter of aFlsol~re rig1N~ to' said MORiGAGEE, and without reference to the i a~;cy or ir.3drq~ar~ of tF.e value of the properry mor~gaged or to the so.vency or insolxency of said MORiGAGOR a•tbe detendams, and that such ~s. prof~~s, inco.ne, ~ssues and revenues shall be applied by such Receiver accordfng to the fien or equity of said MORTGAGEE and the practice of such C: urt. 8_ To dv'y, prompt:y and f~l•.y perform, d~scharge, execute, effect, complete, comply with and abide by each and every tha stipulations, agreements, _nd~t~ons and co~enants ~n sa~d promissory note and th~s mortgage set forth. 9. That in the event the ownershlp of the mongaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :~`RTGAGEE, i!s w-c~sso~s and ass~gns, may, without noiice to ~he MORTGAOR, deat wifh such successo~ or s~ccessor in interest with ~efere~ce to this :~+gage a~~d the d_E;1 FE~@D~/ secured in the same manner as w;th Mortgagor w~ti~out in any way vit~ating or d~scharging the .Mortgagors' liability here- :i~•r or ~Fon thc J~ bt h<:reby sec~~ed. No sale of the Frem~ses hereby mortgaged and no forbearance on the part of the /AORTGAGEE or its successors c•.~ss:3ns and no e,efers~un of the rime for the paymem of the debt hereby sec~red given by the MORTG4.GEE or :ts successors or auigns, a~iall operate re~«se, d.scharge, n,od~fy change or afFect the orig:nal liab~l~ty of the MQRTGAGOR herein, either in whole or in part. 10. It ~s spec~f~c~Ity agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYao se- c.,~ed hereby sha.; at any t~n:e thareaher be hcid to be a wa~ver of the terms hereof or of the instrumeN setured herby. 11. In ,;:;i +:o:. ~o me foregolig monthly paym~nts of princ pal and inrerest required by the prom;ssarv no!e secured hereb~, mortgagor eovenants ~g._~s so pay !o r:v~yagee :.~~n each nwnth'y payr.~ent an add,rional sum ast:n:ated b~ mortgagee to ~e equa~ to 1,'12 of the annual cost of the follow- P,-:,li r_ai ~.rop•,rry tax.s Iev~~d or assessed agai•ist th~ above desc•ibcd real estate. ~ E?~ ~:~s c-~ 4~r~ and v~~r.dstorm ~nsuracce as ~ere~n .equ:red to be carri-rd on the ~m;;roveme~ts s~tuate on the above d_scrited premises. C-P.•: ~ w:~ s on such mo:tgage guaranty ir.wrar,ce as mertgagee shall from t~me to time deem fit to carry on the Soan secwed hereby. A'.oreg-g~•e s~:.. ~`.•c~! t~„e to ti:T;e nonfy mortgagor ~n writing of the a~,ou~t due and payable hereundr~ and such wm s:~all thereupon be due and i :~'e o~ thc cl~e iia!e oi ~h~ next n:onth:y paymeM a~tid each .successive Tonth thereafror ~ctil mcrtgagee sha!I not~fy mortgagor of a change in such ; .,nt. Such su ns ~F•a i 6e aNFiied by mortgagee toward the paymeM of real property taxes, insurance prem;ums, and mortgage guaraniy insurance ~ •..••I:1TS. ~ ( IN ':.•'fS"~ESS :.NcREOF, she sa~d MORTGAGOR has hereunto set his hand and seal the day and year rst afor aid. Signed. Seafrd a~d d" ered ' the presence of: ~ ~ - ~an -(Seaq , gle adult ~~a~~ (Sea~ 5":.TE OF FLORIDA . 5S. _ ~;;rJTY OF St. Lucie ~ ~ Before me persona!ly appeared John Grimshap Lonq~ a S1i1Q~.Q dtjUlt K~C I~is wi~e~ to me well known and known to me to be ind[v;d~al~descr~bed in and who execuied the foregoing instrument, and acknowledged before me that fhey executed the same fw the purpose~ r-•_•ein expressed. ik~~be-asid- w.i_~-rf~i~e-sei~ - .ripw-eip~»N~awd-KivaN~ ~ w..~~w~ws~~~?-by-rwe-la~ew~epxa~sarnl-a'art-iww?-he~~eid-iwsb~nelrsclK»wled~ed-N~w~be~o~e-~ti~M~be-ewecuted-xid+r»twwnm?ireei~raadvdum ..,..w.~~.w~~,..~.,,..~~»~, {«»?.~;.,~,.,.p.~,.,, n dr-fea~ oF ~r-frowr-F~era~i~inrsband ~ WITNESS my hand and offiual seal this_- _ day of U U t A D. 1972 ~ otary Pubtic in an for State of;Flori~s aa larqe ~ My Commission expires• 5.~; ~ . Re,,~,~ To: 3- ~ - f~rst Federal Savings S Loan Association - ~r • ~ Of iurt P~rce ~i' - fort P:rrce. ~~cntfa r !lED aKU i+~Gy • ~i• UGIf. COUNtY~~~: . ~6G~K FOI~RA6 - ~~f~K ~~RCUII COUS~ This Instrument Prepared By : Richard K. Kayes RECRRO vfR~~?~~. First Federa! Savings & Loan Association of Fort Pierce , Florida 33450 ~ ~ ~H Checked By ~`'~O~.y~ v ! ~ aooK ~05 PACf ~54i _ _ _ ~ _ - - - - - - . .