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To p~ace anJ conrinuously keep on the bui!dings now or hereafser ~ituate on said land and on ali equ~p~nent and personally tove~ed by Ihis mw ega, w~th ait premiv~ns thrreon pa:d in fuli, fire insurance in the usual starul~~d po!~cy 1orm, in a surn aFproved by ~he h10R~GAGEE, and windeto Insurarce in tht usual 313nC)J~fI pol.cy form, in a sum approved by the MORTGAGEE, in suth company or tompan~es as the A10RiGAGfE m dnect; and yll fire and w~ndstorm insurance pol~c~es an any of said build~ngs, any intereat ~hzrein or part thereof, in the aggregate sum aioresaid in excess ihereof, shall comain rhe uwal standard mortgagee ciause or such o~ha dause as the Mortgagee may requ~re, maki~g tha ioss under s.~~d po cies, each and every, payab!e to said h\ORTGAGEE as its interest may appra~, and each and eve~y such po~~cy shail be promptly ass gnrd and deliv~red ~ any held by sald f10R(GAGEE as further sewrity to said mortgage debt, and, oot less Ihan ten (10) days in ad+ance ol the eapirat~on of each poltty, to d~ Gver to said h10RTGAGEE a renewal the~eof, toge~her with a rece~pt for thz premium of such renewal; and ihere shall be no f~re or windsto+m inwranc placed on any of sa~d bvildmgs, any imerest there~n or part therecf, unless in the form a~:d with the loss payab~e as aforesaid; and in ~he event any sun ot money becomes payable undrr such poticy or poGcies said MORTGAGEE shall have the opt~on to reca~ve and apNiy the same on account of the indebted ness secured hereby or to permit said /dORTGAGORS fo reeeive and use it a any part the:eof tor ocir r purp osrs, ~v~~i~o~t th_~~u~ .v~i.i o~ u~~pa~* ~ng any equ~ty, I~en or riyht under or by virtue of this mo:'gage; a~d in Ihe event said A10RTGAGORS shalt fo~ any reaso~ fai! to kcep tFe said premisrs so inswed, or fail to deliver promptly any of said po6cies o( insurance to said MORTGAGEE, or f~il pcomptl_y to pay fully any p~e~~~~um therefor or in a~y respect fail to perform, d~scharge, exec~te, effect, completr, canply with and abide by this covenant, er any p~r~ hareoi, said MGRTvAGEE may piace a;~d pay fer such insurance or any part thereof ~x~thout waiving or ai(ecting any option, lien, equ~ty, or rigM undtr or by virtue of this Mo~tgage, and the full amouN ol each and every such payment shafl he immediately dve and payable and shall baar interrst from tha date thereof until paid at the rate of n~ne ~r centum per annu:n and to~ether with suth interest shaii be sacured by the lien O~ this mortgage. 4. To permit, commit or sutfer no waste, impairme~t or deterioratio~ of said property w any part thereof. S. To pay all and singular the costs, chargea and expenses, incltxiing a reasonable attorney's fee ar~d costs of abstracts of title, inc~r~ed or paid at any tin:e by sa~d MORIGAGEE, because w in the evem of the failu~e on the part of ~he said MORTGPGOR to duly, pro:~~ptly and fully perform, d~scharge. _r,cute, effect, canplere, comply w~th and ab:de by each and every the stipulat~ons, agree~neros, conditions, ard covenanrs oi said p~omissory note and th~s ^:orrgage any or either, and sa~d costs, charges and expenses, each and every, shall be immrdiately due and payabte; wherher w not there be notice da nia•id, attempt to coitect or suit pend~ng; and the (ull amo~nt of each and every svth payment shalf bea~ interes~ {rom tha date thereof until paid at the r.~t~~ u~ n~ne per crntvm par annu:n; and all said costs, charges and ezpenses incurred or paid, tog~zther w:th such interest, shall be secured by the iien of this mortgage. 6. That (a) in the evem of any breach of this Mortgage or default on the part of the MORTGAGOR, or ib) in the event any of sa;d sums of money hcrcin referred to be not prc~r~ptly and fully paid within thuty (30) days next afrer the same severa'ly become due and payable, without demand or notice. or ;c} in the event each and every ihe stipulations, agreements, cond~tions a~d covenants of sa.d pro~nissory note a~~d th~s mortgage any o? either are no1 ~uly, pro~nptly and fully performed, d,scharged, executed, eitected, compSeted, complied with and aL•~ded 5y, then ic~ eiiher or any such event ~he said ag~ • ~rcgate sum mentioned in sa~d pro+nissory note then remaining unpaid, with interest accrued, and atI moneys secured hereby, shall become due and pay a~ c fortfiwith, or thereafter, at ~he option of said MORTGAGEE, as fully and completely as if all oi the sa~d sums of money were originally supulated to be pa:d on such dey, anything ia sa.d promissory note or in this Morigage to the contrery notwithstandu~g; and thereupon or thereafter at the option of s~:d MORTGAGEE, w~~ho~t notice or demand, suit at law or in equity, therefore or thereafter be9u~, may be prosecuted as if all maneys secured hereby h, d matured pnor to ns instit~tion. . . 7. That in the evenl that at the beginning of or at any time pending any suit upon thi; Mortgage, a To ~foreclosr~:it, or to reform it, or to enforce payment of any claims he~eunder, wid 610RTGAGEE shatl apply to the Court having jurisd;ction thcreof for t4ekp~tNA~ent of a Receive?, such Court shail Fcrthw~th appo~nt a receiver of said mortgaged property all and singular, includ~ng all ano singu~ac tre ;in~yroeLptdfhl~ 1Ssu1~ and r!+lnues 1~om whatever s. ,rce derived, each and every of wh;ch, it being expressly undersroai, is hereby mor~gaged' a1 if spec~ficaqy,sel iMth ~and'deit`'ri6e$ k? ti?e granting and h3'.~endum cia~ses hereof, and such Receiver shal! have all the broad and effective funct,ons'end powprs in anXwi~e.eqtruated by;a CoyrM'Rfb Receiver, and s_ch appointment shail be made by such Ceurt as an ad:nitted equity and a m.atter of absolute nght to said MORiGAGEE, and without reierence ro the r.d_yvacy or inadeq~aty oF the value of the property mortgaged or to the so:vency or insolvency oi said MORIGAGOR w the defzndants, and that such •.•~~}s, profits, inco.ne, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. , 8. To du1y, prompt{y and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, ;onditions and covenants in sa~d promissory nose and this mortgage set fwth. 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 ;'.~RfGAGEE, its wccessors ar.d asslgns, may, wirhout notice to ~he MORTGAOR, deal with such successor or successw in interest with re(erence ro this n c~+gage ar.d the deo~ hereby secured in the same manne~ as with Mortgagor without in any way vit;ating or d~scharging the /~lortgagors' liability her~ c~,:ier or upon the debt hereby secured. No sale of the premises hereby mortgaged ar.d no forbearance o~ the part of the MORTGAGEE a its successors o~ aszigns and no eztension of the time for the payment of the deb~ hereby secured given by the MORIGAGEE or its successors or assigns, a~iall operate ro re!ease, d~scharge, modify change or affect the original liab~lity oi the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically egreed that time is of the essence of this contract and that no waiver of any obfigation hereunder w of the obligaYwn se- cured hereby shaD at any time thereafter be hetd to be a waiver of the terms hereof w of the instrument secured herby_ l l. !n add,tio~ to rhe forego"ng ~nonthty payments of princ'pal and interest required by the prom~sscry note secured hereby, mort9agor covenants d agr~es to pay to n;o-tgagee v.~th each monrhly pay~,~em an add~rional sum esr.mared by mortgagee to be equal to 1;' 12 of the annual cost of the follow- A-Atl real property taxes ~evied or asses:ed agai~st the above described real estate. B- P~er,;~,,~e,s on fire and windstorm insuracce as here~n requ~red to be carried on the :mproveme~ts s~tuate on the above described premises. C-Premivirs on such mortgage gua~anty ir.svra~~ce as mortgagee shall from t~me to time deem fit to carry on the ban setured hereby. rAortgagec sha'I from rfine to time not~fy mortgagor in writiog of the amount due and payable hereunder a~id such su:n shall thereupon be due and i ..~ble on th~ due dare of th? next month:y payment and each suttessive month thereafter ~r,til mortgagee shall notify mortgagor of a change in such i i-,unt. Such surns sha.i be appii~~d by mortgagee toward the payment of real property taxes, insurance prem~ums, and morigage g~aranty insurance ~ ,•~~~miums. . IN 1'~ITPJE55 `:+HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. E ! 5lgned aled a detrv ed i the pre ye ot: I ~ l! (kaq T~@II218 ' (Seaq ~ ` ~ / - _ (Sean t 1 (Seaq ` - Hoe • 1$~1/ S~:aiE OF FLORIOA ~ St . Luc ie ~:]UNTY OF I Before me personally appeared Kenneth R. ~r~AT a~ _ EVel}/Jl I'. ~r~ his wife, to me well known and known to me to be ~ th.: individuals described in and who execvted the foregoing instrument, and acknowledged before me that they executed the same for tht. purposes !~erein expressed. And the :a~a_ Evelyn I.. i~rew £ ~ « _ _ ' • _,oc-: . ,t :::fe of the sa~d Kenneth R. Drew ~ KAqe~Q~ and privde •~,~~nat;on by me taken separate and apart from her sa~d husband, acknowledged to and before me that stie executed said instrtpi~i?~efreefy'and volun- .•~~y and w~tho~t any compulsion, consrraint, apprehension, or fear of or from her said husband. . WITNE55 my hand and official seal this__-_ lf3t. day of S tember A, D. 19_72 ~ ~ ~ ~ ~ Not y PubGc in a~d for the State of Fbrida et Large ~ My Commission eapires: - Return To: ' _r - r,J ~~~GE First Federal Savings S loan Assxiat;on ~y C{' ~'ti ~ 9, 1974 O~ Furr P.,-rce. bt~ivutU IHROUGM FRED W, UIE,i=IHpRST j Fort P~arte, flur,d3 f~EO a~: y f t ~~;t.~Ea ~ This Instrument Prepared By ~ = %=''~T'r' ~ Jphn W. Collins g#{ _ , : ~ ~ First Fe dera l Savings & Loan Associa tion ~~~'r ~p~~T 1 of Fort Pierce~ Florida #C0~ c,=„~ Checked BY ._il~ ~ fi8 1 it ~l D R PAGE ~~O ~Z•a3~S6~ 60CK ~ js _ - - - , -