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To p!.+cr a~~d cont~nuousiy keep on the b~i:d~ngs now or hereai~er ~~tuate on sa~d land and on ali equipmen~ and pe~sonally covered by this ma ege, w.th ali prem;urns tl~~•~eon pa:d in full, fire insurante in 1he usual stand~rd pot~ty ~Orm, in a s~m approved by the MOR~iaAGEE, and windslo nsvrance in thc us~al sta~~dard po:.cy fonn, in a sum approved by the MORTGAGEE, in such company or co~npames as O~e 1.10RTGAGEE m d~~•ct; and ali iire and wmdstorm insurance polic~es on any of said build~ngs, any interest therein or part ~he~eol, in the aggreqare sum aforesaid in excrss thc~rof, Sh~H comain the usual s~ar.da~d mo~rqagre clause or such other tlause aa ~he Mortyagee may requ•+e, maMing tha Iou ~nder sa~d po c•,s, each and every, pa~ab!r to sa~d A10RTGAGEE as ~ts interrsl may appea~, and each and e~ry such po'~cy shall be promptly assgned and detivcred ~ any h~•Ed by sa:d ;.:OR:GAG~E as fureher s:curny ~o sa~d n~or~gage dabt, a~id, not less than trn (10) days adva~~ce af ~he expirat~o~ of each pot:cy, to d~ t,.e~ ro s~~d 'dJRTGr~GEE a renewal ~hereof, together wi~fi a rezeipt for the premium of such renewal; a~~d ~he~e shaU bz no i~re o~ wi~~dsto~m insuranc ~:~jced o~ any of sa:d bu~l~;n9s, any interea~ there~n or part thereof, un~eis in the form and wi~h tha loss payab!e ~s aforesaid; a~d in the e+en1 any wn of ineney bc-co:nes pay~ble ~ndar s~ch poliq or policies sa~d MORiGAGEE shall have rhe opt~on to reccive and app!y the same on accoun~ of the indrbtad ~•_•is se:vr~~1 hereby or ro perm~t s~~d MORTGAGORS ro reeeive and use it w any part the:cof fer o:n~•r Hw~ ::se•s. .•.~~ho:,t ~hrr. u~ .v.:~+~~3 0~ ~~+~pu~r ;nq any cqu~ty, I~en o~ riyht under or by virtue of thia mo:'gage; and in the event sa~d MOBTGAGOR$ sha!! :or any reaso~ fail to keep 1he sa~d premises so nw.~~d. or i„~I to de:~ve~ promptly any of said po~~cies of insurance to said MORTGAGEE, or fa~! promptly to pay fulty any pre~~~~vm therefor or in a~y ies~.cct fail ro perform, d,sch„ige, execute, effect, co+nplete, comply wirh and ab~de by this cove~ant, or any part hareof, sald MGRiGAGEE may piace a~o p~~ for such insur.~nce or any part thereof w~thout waiving or atfecting any option, lien, equ~ty, or n~ht under or by virtue of this Mo~tgage, and thc i;:? a:no~nt of each and e~ery such payment shall be immediatety due and payable and shell baar interest trom Iha date thereof untit pa~d at the ra~e ol ++~:,e prr crnturn per annu.n and to~etn~•r w~th s~ch interest sheii be sec~red by the Gen oi this mortgaga. d. io pern,it, commi? or sutfer no waste, impairmen! or deter~oration of said property or any part thereaf. 5. To pay all and s~nguiar the costs, charges and expe~ses, includir.g a reaso~abte attwney's (ee and costs of abs~racts of title, incurred or paid a! .,ny t6ce 6y sa~d 610RTGAG:E, because or in ihe eveN of Ihe failwe on the part of the said MORIGAGOR to duty, promptly and fuliy perform, d~scharge. ~..ec~f~:, efiect, comp.ete, co~»p1y w~th and ab:de by each and every the sGputauons, agreemrnts, condiiions, and covenanrs oi sa~d pro:n~ssory note a~d thii u~rtgage a~y or e~~hcr, and sa.d cests, chargea and expenses, each and every, shall be immrdiatety due and payable; whether or ~ot there be not~ce dz ,,nd, attempt to collect or s~it pend~ng; and tfie full amount o( eath artd every such payment shall bear interest from the date thereof unti~ paid at the o~ n~ne per c~~~::ur~~ ;~~r an::;;.~ , ~nd aN said costs, charges and ex;~enses incurred or paid, ~ogether wnh wch interest, shall be secured by the lien of this mcrtgage. b. That (a) ~n the event of any breacl~ of this Mortgage or default on t}r_ part of ~he A10RTGAGOR, or ;b) in the event any of sa:d sums of money f.~re~n referred to be not pro~~~ptly and tully paid within th~rty (30~ dayt next atter the same severatty become due and payable, without demand or notite, .-r ,c} in the evero each and every the stipulations, agreeme~us, cond~tions and covenants of sa:d promissory note and th~s mortgage any w either are no1 :,,I~, E rornptly and tuUy performed, d.scharged, executed, effected, compteted, complied with and ab~ded by, then in e~the? or any such eveM the sald ag Ja!a sum mzntio~~ed in sa~d pro~niisory note then remaining unpaid, with interest acu~ed, and atl moceys setured hereby, shall become due and pay- a tonh.v~!h, or thercafter, at the opt~on of said A10RiGAGEE, as fuity ar~ comptetely as ii all of the said sums of money were originatly st~pulated .o b~~ pa d on such dcy. a•^.~thing in sa:d promissory note or in this Mortgage to the cootrary notwirhstand~~~g; and thereapon or therealter a~ the opnon o( s:f MORTGAGEE, wnheut nonce or demand, suit at law w in equity, therefpre or thereaite~ begun, may be prosecuted as if all moneys secured hereby r.,,1 neatu!ed pnor fo As inslituLOn. 7_ That in the event that at the beginning of or at any time pending any sui~ upon this Mortgage, or to fwetlose it, or to reform it, or to enforce r~~ment of any c~v~ms he~eunder, sa~d 110RTGAGEE shall apply to the Court having jurisd~ction thereof for the ap~sointmeM of a Receiver, wch Court shai~ r..~+nv;irh appoint a receiver of said mortgaged property alf and singular, inctucl:ng a{I and s~ng~lar the intome, prof~ss, issues ar.d revenues from whatever s: ~~-ce der~red, ruh and every of .vhlch, it being expressty undersfood, is hereby mortgaged as if speufically set ionh and described in the gsanting and ~endum c!avses herrof, and such Receiver shall have all the brcad and effecrive funct.ons and powers in anywise entrusted by a Cou~t to a Receiver, and n ch a~:pOin!m.ent shail be made by such Court as an admitted equity and a rrutter of absolute right to sa~d M.7RiGAGEE, and wifhout re(erence to the y= :cy or i~,3dequacy of it:e vatve of the property mortgaged or to the so:vency or msol,rency of said MORiGAGOR or the defendants, and that such -~z, p:ofrts, ~ncone, issuc•s and revenues shall be applied by such Recaiver accord~ng to the ~ien or equity of said tAORTGAGEE and the practice of such C~.,rt. 8. To du!y, prom~t:y and fuUy perform, discharge, execute, ef4ect, compiete, compty with and abide by each and every the stipulations, agreements, :.:cd~t~ons and covenants ui sa~d promissory note and this mortgage set forth. 9. That in the ev;~:~t the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MQRTGAGOR, the :~`RTGAGEE, its success~;s ar.d assigns, may, wiihout notice to the MORIGAOR, deat wnh s~ch successor or successor in interest with reference to this ~:•!gage ar,d fhe d_,t hereby secwed in the same ma~ner as wiih Mortgagor without in any way vitiating or d~scharging the Mortgagors' liability here- ,:3<< or uz.on the d~_tn c~reby sec~red. No sa:e of the prem~ses hereby r.wrtgaged ar.d no fo~bearance on the part of the /AORTGAGEE or its successors ~:r essigns ard no earers+on of the nme (or the payment of the deb+ hereby secured g~ven by the MORTGAGEE or its succesaas or ass~gns, a~iall operate a re~e,:se, d:scha;ge, mod~fy change or affect the original liab~l~ty of the MORiGAGOR herein, either in whole or in pa~t. 10. It is srec fi_atly agreed that t~me is of 1he essence of this contrad and that no waiver of any ob~igation hereunder or of the obligation se- •~=d he~eby sFa:. a~ any time thereafter be held to be a waiver of the terms hereof w of the iosuument secured herby. 1 T. In .::i;l r:o., 'o the forego ng month!y payments of princ'pal and inrerest req~ired by the prom:s>ory no!e xcured hereb~, mo(tga~ar tovenants ~g••:_s ro ;-ay to r:crtgagee v.~sh each monihiy oay~.,ent an add~~~onal sum esc~mared by martgagee to be equat to l;' 12 of N~e annual cost of the follow- A- .4t1 r.:~i ,;rope-ty taxas levi_d or assessed agai~ist thc above desaibed real estate. 6;, on fire and wir.dstorm ins~racce as herein requ:red to be carried on the improveme~ts srtuate on the above d=scribed premises. C~~_ ~ s on svch mortg.age guaranty icsurar.ce as mo+tgagee shatl from t~me to tirne deem fit to carry on the loan sewred F.ereby. I hto-~~-~ee sha~f from nn,e tc time notify mor~gagcr m w~it~ng of the amou~t d,,e and payable hereundrr and such surn shall thcreupon be due and ~ ..'~'e on ~h•, d,;e cia*e oi the next n~onth:~ payment and each successive month thereaftcr ur.tit mortgagee shall notify mo:tgagor of a change in such j S~:h z~ ru shj:i 6e appNed by mortgag:e toward the payment of real prope~ty taxes, insurance prem:ums, a~id mortgage guaranty insurance ~ . ~~~~11:1TS. ~ IV ':1ti;1E55 `::H~REOF, the said I+M1ORTGAGOR has hereunto set his hard and seal the day and year first aforesaid. ~ S~gned, Seated a~d e ~ red i the presence of: ` _ _ (Seal) eth Cochran . ~~aq ~ . - . ~~2.~c-/ (seaq q. _ Dortha F. Cochran ~~ap _ ":,TE OF FLORIOA ~ 55. ;,~dTY OF St . Luc ie i Before me personally appeared Kenneth C Cochran end _-I~ortha F. Cochran his wiie, to me well known and k~own to me to be ind~vid~ais desc:ibrd in and who executed the foregoing instrument, and acknowiedged before me that ihey executed the same for the purposes • •ein ezpressed. And the said- DOlttla r' • Coehran ~ of the sa~d _.K_e__nneth C. Cochran . upon a separate arid private nat.on by n~e eaken separate and apart from her said husband, acknowledged to and before me that she executed said instrument fteety and voluo- ~ •,.y and w:cnovt any compu~sion, constraint, apprehension, or fear of or from her uid husband. VJITNESS my hand and official seal this_~ day of u uSt A.-p. 1972 ~ - _ . ~ Notary Public in and i the Stafp pf_ faorida_ at Large ~ ~ My Commission expir : - ' ~ Ret~rn To: ~ ' _ Flrst Fedcrat Savings S loan Associat~on _ G: - ~ ~ O+ ~ u~t P rce. Jf ~ ~ ~ . - Fort P~• ~c~~ ftcrida EO ~ . _ ~ . ~ NIE~ ANC ~t1NSY FIA. . , ~ SS. p >c1~A~S~at,r~~ C This Instrument Prepared By : K6rineth G. ROlt2 CI.E°j~:: ~~~.ct~~~ ~ First Federal Savings 8 Loan Association t ~ of Fort Pierce ~ FloZida 33450 30 3(;eH ~ ~ CheckPd BY -jl~---- Q } c^ ~ - 2~~C7u t ~ ~ BooK205 ~~E2452 . , - - ~ x~ ~ ~ ~ r : , ~ - ~ ~x~=~ .t..~~~~,.s,-~ ~ . k=,. ~ : _ . ~d