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To p;ace and continuously keep on the bui'd~ngs now a hereaiter ~ituate on said ~and and on all equipment and ptrsona~~y coveretl by this ma age, w~th all prem~uma ~hereo~ pa;d in full, fire insurance ~n ~he uwal s~andard pol~cy form, in a sum approved by the MOR(GAGEE, and windsto ~n:~~a~ce in rhe usual sranda.d pot:cy iwm, in a sum approved by the MORIGAGEE, in such canpany or con+panies as the MORTGAGEE m d~r~ct; a~~d all fire ar,d w~nds~o~m insurance pol~c~es on any of said buildmgs, any intere~~ therein or part thereoi, in the aggregs~e s~m a~orcw~d in excess ~hereof, shall contain the usual standard mortgagee dause cr wch o~he~ dause ss the Mortgagee may requ~re, maAing 1he loss undrr sa~d po c~rs, each and eve~y, payab~e to sa~d MORTGAGEE as ~rs intere~t may appea~, and each snd every such po~icy sha11 be prompt~y ais 9ned and delivtred ~ any held by sa~d ~SAOR(GAGEE as further security to sa~d mwtgage debt, and, not less than ten (101 days in advance of the exp~rat~on of each pot~cy, ~o d~ I;~-er to safd MORiGAGEE a renewat thereof, toge~her wi~h a rece~pt fw the premium of such renewal; and ~here shall be no fue or windstorm iniuranc p!aced o~ any of said buildings, any interesl therein or parl thereof, unless in the fo~m and wifh the Icss payable as a(oresaid; and i~ the even? any su~ of money beco~nes payable under such policy a policies said MORTGAGEE ihafl have ~he opt~w? to rece~ve and apply the same on accow~t of the irx~ebted n~ ss newred hareby or to permit sa~d MORTGAGORS Io receive and use it w any part the:eof fo~ o~her purp~ses, v,~~hout ~h~.~u~ waw~•~g or ~mpau ~~g any equ~ty, Ilen or r~ght under or by virtue of ~his mo:sgage; and in the evem sa:d MORTGAGORS shall for any reason fail to keep the sa~d p~emisrs so ~~uured, or fail to deGve~ promptly a~y of said polities of insurance to uid MORTGAGEE, w fail promp~ly to pay fu~ly any prenuum therefq a in any respect fail to perform, d~scharge, r:ecuse, effeU, comple~e, comply wieh ~nd abide by th~s covenanL or any part hereoi, said MORTGAGEE ~~ay place a~~d pay ior such inauran:e or any part thereof without waiving or affecting any optioo, lien, equity, a r7ghf under or by virtue oF this Mortgage, and the ivlt a~nount o( each and e.ery such payn,ent shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate ol n~~:e per tentum per annu~n and tu~rther with such intecest shaii be srcured by the lien o( this mortgage. 1. To permil, commit or suf(er no waste, impairment or drterioratian of sa~d property w any paN thereof. 5. To pay all and singu~ar the costs, charges and expenses, including a reasonsble attwney i fee and costs of abstracts of title, incurred w paid at aoy ti:r.e by sa~d MOR1GAGfE, because or in the event of the failure oo the part of the said MORiGAGOR to duty, p~omptly and fully perform, d~xharge, =.~=cu~e, effeci, co~nplete, compiy w~th and a5;de by each and every the stipula~~ons, agreements, conditions, and covenants of said promissory note and ~hii .,,~rtgage any or e~rher, and sa:d costs, charges and expenses, each a~d e~ery, shall be immediately due and payable; whether w ~ot ~here be notice dc r.,.~nd, attempt to co'.lect or s~it pend.ng; and the full amouM of each and every such paymem shall bear interest from the date thereof until paid at the r r~, oj nL.e per cantum p<:r ann~,n~; ond all said cosrs, charges and expenses incurred or paid, together w~th such interes4 shall be secured 'Dy the lien of this mortgage. b. That (a) in the event of a~y breach of this Mortgage w defaull on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of mo~ey f erein referred ro be not pranptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand w notice, or (c) in !hr even~ each and every the stipuSations, agreements, conditions and covenants of sa~d promisso~y note a~d th~s mortgage any w either are twl iuty, prompdy and fu1ly perfonned, d~scharged, executed, eifectcd, completed, compued w~~h and ab~ded Sy, then in e~tt?er w any svch event the said ag 3regate sum mentioned in said promissory note then remaining unpaid, with interest atcr~ed, and all moneys secured hereby, shall become due and pay- a:,.e forthwit%, or thereafter, at the option of said MORTGAGEE, as fully and comptetely as ii all of the said sums of mo~ey were originally s~ipulated ro be pa~d on such day, anyth~ng in sa:d proin~ssory note a in this Mwtgage to ~he contrary notwi~hstanding; and thereupon or thereaher at the op?~on of s~:d h10RTGAGEE, w~tfiout notice or demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted ss if all moneys secured hereby n~d matured pnor to its institution.. ~ 7_ That in'the event that at fhe begin~irg of or at any time pending any suit upon this Mortgage, o~ to foi~4ctoae`it, Or to reform it, or to enfwce t~ rmeM of any daims hereunde , said MORTGAGEE shall apply to the Court having jurisdrction thereof for the' ap~owntmeat of a Receive?~ such Court shail r, rthwith appoint a receiver Of said morfgaged property all and singula?, includ~ng ali and sinyulpr the income, prolits, iuues and re'vlnues from whatever s\~~ce dar~ved, each ar.d every of wh~ch, it be~ng expressFy undersrood, ~s h.ereby mwtqaqed as if.spec~liedly,,xt -for~h and described in the granting and r.,::end~m ciauses hereof, and such Receiver shall have all the broad and effective funct:ons and povJer~ in anywise,emrusted by a+Cou?1 ro a Receive?, and , ch appointme~~t sha11 be made by sucf~ Court as an admitted equity and a matter of absolute right ro said MOR'i(3AOEE;. and w~~hou1 ?eference to tbe r::•~a:,;cy or inadequacy of the value of the property mwtgaged w to the soivency o+ insolvency of said ARORiGAGOR w the defendants, and ?hat such _•~s, profits, incane, issues and revenues shall !x applied by such Receive~ accordi~ig to the lien or equity of said MORIGAGEE and the pracsice of such Court. 8. To d~~y, µromptly and fully perio~m, discharge, execute, effect, comptete, comply w~th and abide by each and every the stiputations, agreements, conditions and covenan~s ~n sa~d promisswy note aod this mortgage set fath. _ 9. ihat in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the '.'ORTGAGEE, its s~ccessors and assigns, may, wirhout notice to the MORTGAOR, deal witfi such successw w successor in interest with refeie~ce to this o•tga~e ard the d•_bt hereby secured in the same manner as with Mortgagor without in a~y way vitiat:ng or diuharging the Nb?tgagors' liability here- ~-der or upon the debt hereby secured. No sak of the premises hcreby mortgaged and no fo~bearance on the part oi the MORTGAGEE or its successors or ass~gns and no eatenz~on oE the nme fo~ the payme~t of the debt hereby secured g~ven by the MORTGAGEE or its successors or auigns, ahall operate ~o re!ease, d~scharge, modify change or aifect the original liab~lity of the MORTGAGOR herein, either in whole w in pa~t. 10. h is spet~fical:y agreed that time is of the esse~ce of this contract and that no waiver o( any obligation hereunder w of the oblgation st cu-ed hereby shjll at any time thereafter be held to be a waiver of the terms hereof p of the instrument secur~ herby. 11. In a:3d.r(o~ ro the forego ng month!y paym~ms of princ pal and interest requhed by the promissory no!e secured hereby, mortgagor covenants d agrees ro pay to n:ortgaqee ~nith each monthfy payn:eM an add~~ional sum estima~ed by mortg~gee to be eq~al to 1; 12 of the annual cost of the follow- „~g: A-AII real property taxes levie~ w'assess:d against th~ above described real estate. 8- Pre^.~u~ns on f~re and windstorm insurar.ce as here~n requ;red to be carried on the improveme~ts situate on the above d:scribed premises. C-Premiums oa such mortgage guaranry ir.surar.te as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. i 6lorfgagee sha'I '•cm time ~o rime notify mortgagor wriring of the amo~nt due and payable hereundrr and such su:n shall thereupon be due and ' ab!e on ih~• d~e dare of rhe nexr month:y payment and each suc.essive momh thereaficr ur.til mortgagee shall notify mortgagw of a change in such j ~vnt. Such sv~rs sFa:I be ap~.!ird by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ` . •emiums. IN YJITiJE55 '.'1HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a~d year tirst sforesaid. ~ gned, Scaled and del' ered in the presence of: ~ ~ ~ Q~.~~vL'~ ~s~,n O. L. O'Brien ~,q her ( ) iaark {s~an Ruth B. O'Brien _ _ ~~,p 5:.a7E OF FLORIDA St . Ll1ClE? ~ 'OU:JTY OF 1 Before me personally appeared 0• L. 0~ BI 1Q Il a~ _ Ruth B O~BYICII his wife, to me well krawn aod known to me to be ind~viduals described in and who executed the foregoing instrument, and acRnowledged before me that tlxy executed the same fo? the purposes r !h~rein expressed. And the said Ruth B, 0~ Brien \ ; ~ of the said 0• L. O'Brien upon i~te'~efd,~irvaTe ~,.j~n~nat;on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said imtni~q^t ftgely a~~irpkier _r,~y and wlthout any computs+on, constraint, apprehersion, or fear of w from her said husbaod. - - ~ ~ ~ WlTNE55 my hand and official seal this_~?th day of Augus = 8, '3 ~ ~ ~ ~ ' _ ~ ~ ~ Nota Publ~c in and for the tate of ~fpridq ~{~lst~a ` ~ My Commission expires: ~h 2 y. ~ . . Return To: ~ First Federal Savings S Loan Association "''rr~ -l . ~ Of Fort P.erce. ~ ~ Fo~t Pi~rce, Ftorid~ , 1 ~EO K£~Oa0E0 , ST.l1iC1[ COOwn Fl~ iiOGEf '~~TRAS - CLEAR G~~~u~T CO11RT This Instrument Prepared By Richard K. Kay1EWR~~ ~_~'~`~~Q ~ First Federal Savings 8~ Loan Association of Fort Pierce, F lorida ~ 25 1 v3 PN Checked By _ ~ 235185 eoox~ Pac~~~ ~g ~ - - - - - _ ' ~ "4 x = ~ 3~.. ~ e ~°`s~