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To place a~d co~e~nuously keep on the bul'd~ngs now or herea(ter s~wate on sa~d iand and on aC eq:,Ipment and personaily covered by this mor age, w:th all prem~ums ~hrreon pa d in (uil, i~re inswenca ~n ttie usual standard pot~cy form, in a sum aFproved by ~he MORivAGEE, and windsto ~nsurance in the ~sual staitd~rd pol.cy form, in a svm approvrd by the MORTGAGEE, in such to~npany or companies as the h10RTGAGEE m direU; and all fire ar.d w~ndstorm inaurance polic~es on any of said buitd~ngs, any interest ~herein or parl thereof, in the aggregare w~~ a~foresa~d in excess th~~rco(, shall :ontain the usu~l n!andard mortgagee dause w such o?:ie~ dause as the Mongayee may req~ue, mak~ng tha toss unJrr sa•d po c~es, each and every, payab!e to sa~d htiORTGAGEE as ~ts imetest may appear, and each and every suth po:!cy Shall be promptly au g~~ed and det~vered ; any held by said h10RIGAGEE as (urthe~ security to said mortgage debt, and, not less than ten (101 days in advance of the expi~ation of each policy, to d. Gver to said ti10RiGAGEE a renewal ~hereof, ~ogethrr with a receipt for the premium of such renewal; and the~e shail be no i~re or windsw~m insuranc pl~ced o~ any of sa~d buildings, any intcrest therein or part thereof, unless in the form and with the Icss payable as ~Foresaid; and in the event any sun of mo~ey becomes paya6ie under wch policy or poGcies said MORTGAGEE shall have the ophon lo reo=~ve and apply the same on accowv oi the indebtad ness setured hereby or to permit said MORTGAGORS ro reteive and use it Or any pa~t Iheceoi for o:i~•.r pur~ cs~s, ~v:ii:out th~~~.~~ .v~~•i~3 cr ~~np.:~r ing any equrty, lien er ~iyht under or by virlue of this mo:'gage; and in the eveN sa~d MORTGAGOR$ shall tor any rcason iail to keep the said premises so Inswed, or fail lo deliver pro~nptly any of said pol~cies of insurance to said MORTGAGEE, or fa;! p:omptly to pay iu~iy any p~e~nium therefor or in a~y reiprct fail to perform, d~scharge, eaewte, effect, complete, comply with and abide by this covenant, o~ any par~ h~~eof, said MGRTGAGEE may place a~-d pay fo~ wch insurance or any part thereof w~thout waiving or affec~ing any option, lien, equ~ty, or nght under or by virtue oF this Mortgnge, and thc f~ll amo~M of cach and c~ery tuch paymaM shall be immediately due and payable and shail bear irterest from tha date thereof until p~id a~ the rate of n~ne per cenruen per annum .,nd to~rther with such inte~est shaii be sacured by the lien of this mortgage. 4. To permit, commit or ;uffer no waste, impairrr~nt or detecioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, inclu3ing a reasonable atiorney's (ee and costs of abstracts of titie, incurred or paid at sny ti~r,e by sa~d MORiGAG~E, because o~ in ~he event of the faiture o~ the par~ of the said MORTGPGOR to duty, promptly and fully periorm, d~scharge. ~x.,cute, effect, complete, co~nply w~rh and ab:de by each and every the stipvlat•ons, agree~nents, canditions, and covenanrs of said promissory note and th~s .rortgage any or e~~her, and sa d costa, charges and expenses, each and every, shall be immrd~ately due and payable; whether or not ~here be notice dr mand, atternpt to co:tect or svit pend~ng; and the full amount of each and every such paymem shall tea. interest from the date thereof until paid at the ~.•~e o~ n~ne per c~nsum ~r an~~..:,i; and ~U said cos~s, cnarges m~d ez~enses incurred or paid, toga~her ~v~th wch inte~est, shall be secured by the lien of th~s mortgage. • 6. Thai (a) in the event of any breach of this Mortgage or defaul~ on tM part or the MORTGAGOR, or (b) in the event any of sa:d sums o4 money herein refe~red ~a be not promptly and futly paid within thuty (30) days next a`h_r the same severa:ly become due and payable, without demand or notice, or lc) in thr event rach and every the stipulations, agreements, cond~tions and covenants of sa.d promissory note and th~s mortgage any or ei~her a~e nol fviy, promp~ly and fully performed, d:scharged, executed, effected, completed, compiied with and ab~ded Sy, Ihen in either or any such event the said ag ~~egate sum mentioned in said promissory oote then remaining unpaid, with interest accrued, and atI moneys secured hereby, shall become d~e and pay- ao'.e forthwith, o~ rhereafter, at the ophon of s~~d MORTGAGEE, as fuliy and compfe~ely as i( all of ti,e said sums of money were on9inatly stlpuated rc be pa:d on such dcy, anyfhing in sa.d pro:n~ssory note or in this Matgage to the con~rary notwithstand~~~g; and thereupon or thereafter at the option of s~:d b10RTGAGEE, wrtho~t notice or demand, suit at law or in equity, therefore w thereaher begun, may he prosecuted as if all moneys secured her~eby r,,d matured pnor to its imtit~tion. , 7. That in the event t}~at at the beginn~ng of w at any time pend~ng any suit upon this Mortgage, w to foreclose it, or to reform it, o? to enforce ~.iymenf of any ci~i~ns hrre~nder, said M.`~RTGAGEE shalt apply to the Court haring ~urisd~ction thereo4 for the appointment of a Reteiver, such Court shafl io: rhwirh appo~nt a rece~ver oi said mortgagcd property all and singular, indud.ng ail and s~ngulm the income, p~of~ts, issues and revenues from whatever z~ ~.,rce drr~ved, exh ar.d evcry of wh:ch, :t being expressty ~nden~ood, is hereby morrgagrd as if spec~f~caily set forth and described in the g~anting and h,~~endum clavses hereof, and wth Recei~er shall have all Ihe broad and effettive iunct,ens a~d powers in anyw+se emrusted by a Court to a Receiver, and s_ch appo~ntment sha11 be n,ade by svch Co~rt as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the ad~quacy o~ inadequacy of the value of the prope~ty mortgaged or to the so~ve~cy or insolvency oF said MORiGAGOR or the defendants, and that such r.~~~fs, protits, inco•ne, issues and revenues shall be applied by such Receiver accord~ng to the lien or eqvity of said MORTGAGEE and the praUice of such Court. 8. To du!y, promptly and ful!y perform, discharge, ezecute, effecf, complete, camply with and abide by each and every the stipulations, agreements, : o;~ditions and covenants ~n sa~d promissory note and th:s mortgage set iorth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGfE, irs soccessors and assigns, may, wi~ho~t notice to the MORTGAOR, deal with such successw or successor in interest with reference to this n o•tgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating or d~scharging the ~dortgagori liability her~ ;,rder or upon tFw debt hereby secured. No sale of the premises hcreoy mortgaged and no forbearance on the pan of the MORiGAGEE or its successors or ass~gns and no ex~ens~on of the nme ~or the payment of the debt hereby secured given by the MORTGAGEE o~ its successors w ass~gns, a~iall operate ~o re!ease, d~scharge, modify change or aifect the original liau~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~f~caliy agreed th~t time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se- cured hereoy shai~ ar any time thereafrer be hefd to be a waiver of the terms hereof or of the instrumem secu~ed herby. 11. In aud ~:c. ~ to rhe forego n9 monthly paymanrs of princ pat and inrersst ~equ~red by the prom~ssc+y no'e secured hereby, mortgagor covenants ,~d agrees ~o pay to n:orrgagee ~+~th each monrhly payrnent an add~~ional sum esnmated by mortgagee to be equal to 1,' 12 of the an~~al cost of the follow- ir.3: A-AII real F:roperty taxas tevied or assessed agains! thc above described real estate. '~f 6- Pr_~:~.'.~ rs on f~re and v,ir.ds~o~m insuracce as here~n requ:red to be ca~.ied on the Improvements s'avate on the above d:scribed premises. C-Pre~~~~un~s s~ch mortg~ge guaranty ir.surar~ce as mortgagee shall from t:me ro t~me deem fit to carry on the loart secured hereby. ~ b•,ortgaqee sh~,! f•om hme ro t~me notify mortgagor fn writ~ng of the amo~nt due and payable hereunder and such sum shatl thcreupon be due and V .yah!e on th~ d.,e date of ~he nnxt month!y payment and each svccessive month thereafter ur.ti! mortgagee shall notify mortgagor of a change in such i ount. Such sums sF,:E be app'.ied by mortgagee toward the payment of rea~ property taxes, insurance prem,ums, and mortgage g~aranty insurance ~ :~~•cmiums. IN YJITNESS '.'JHER~OF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first atoresaid. ~ Signed, Sealed and 'vered in e presence of: ~ I (Seap ~ ~ _ Frederick L. Ca enter ~~a~~ ~ _ ~ " 'j~ !c~ r!z'f~'~ (Seal) _ , _ Anita Carp nter ~ ~~a~~ SiATE O ORIDA 1 ~ St. Lucie ~ u" COUNTY OF 1 Before me perso~ally appeared Frederick L. Carpenter and Anita Carpenter his wife, to me well known and known to me fo be individvats described in and who executed the foregoing instrument, and acknowiedged before me that they executed the same for the purposes ~h~_~ein expressed. And the said Anita Carpenter r.:{e of the :a~a -Frederiek L. Carpenter _ ~P,,, ~,ep~.,;e.end privAt~ c=amination by me taAen aeparete and apart ~rom her said husband, atknowledged to and before me that she executed said instrurhetit~f~6e1y ~fid V01~iis-' .•~~y and w~thout any compufsion, constraint, apprehensi~ot fear of or from her said husband. ~ V~, ti!~~~ ~ - WITNESS nry hand and offic~al seai this_ ~ day of t mber ~ ^~A:*D. T~"7`- ~ ` 1~ i - ~ , Nota 'ry Public in and for t State of Fi6r;ds ~T lar~q My Commission exp~res: ^f . ` ~ Retum To: ~ I ••I ` : o. first Federal Savings 3 loan Association , O~ fo~r Pc:ce. fII.EO ANI' "EL'OHDED ' Fo~r P~_~,~e. E~~„d3 S1.lUCiE ~"vlfN1Y FIA. RGGE~ r ~~SaAS C,IERK -~IT COURT ~ pcrOP,~ vr :.:i'!.-.D This Instrument Prepared By: ~J~ H. Rpberts~ JZ ~ 5 3 09 pM - First Federat Savings & Loan Association SEP of Fort Pierce ~ Florida 33450 Checked By _ 23'7442 - go~K 2U6 ~acE 234 t ~ ~ ~ - - - - - - - - .,~a