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To place and continuously keep on the bui'd~ngs now or hereafter aituate on sa~d land and on ali equip~nent and personally covered by ~his mo~ aye, w~ih ail prem~u~ns thareon pa~d ~n fult, Ihe ins~rance ~n ihe usual :randard poiicy form, in a sum approved by rhe MOR~GAGEF, and windito ~nsurance in the usual s+anda~d polity fo~m, in a sum apptoved by the MORiGAGEE, in suth company o~ tompanies as the M02TGAGEE m d~red; and all lire ar.d w~ndstorm insurance'"polic~es on any of said build~ngs, any interesl therein or parl thereof, in the aggrega~e sum aforesaid in excess thrr~f, shalt :ontain the usval srandard mortgagee clause or such other.dause as Ihe Mortgagee may ~equ~re, making the ioss undr~ sa~d po , c~es, each and every, payab!r to said MORTGAGEE as ~ts interesl may appear, and each and every such poticy shaU be promptly ass gned and del~vered ~ any held by sa~d MOR(GAGEE as iw~hzr securify to ~a~d mortgage debt, and, nm ieu ihan ten (10) deys in adYance of the expirat,on ot each policy, to d. l~~er ~o said MORIGAGfE a ~enewal Jhereof, together with a receipt fo? the pre•nium of such renewaf; and there sfiall be oo f~re or windstorm insuranc placed on any oi said buildings, any interesl therein o~ part the~eof, unless in ihe torm and with the loss payable as aforesaid; and in the eYe~t any s~n of money becomes payabte under scch policy or pol~cies said MORTGAGEE shall Aeve tF~e opt~on to receive and apply the same on accowit of the indebsed nass secured hereby or to permit said IdORTGAGORS ~o recaive and use it w any part ti~ereof ior o:i,cr purnoses, .v[ihc~t th~r~ui .r::~.i~3 cr ~n,pair ing any equ~ty, lien w righl under w by virtue of this mo::9age; a~d in the event sa~d MORTGAGORS shall Sor any reason fail to keep the said premisrs so ~nsu~ed, or fail ?o deiiver promplly any of sa~d pol~cies of insurance to said MORTGAGEE, or fa~l pron,ptly to pay Iulty any pre~nium eherefor or in any respecl iail ~o perform, discharge, execute, effect, complete, compty with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay for such inzurance or any part thereof without waiving or affe~ling any oplion, lien, equ~ty, or right under or by virtue of this Mo~tgage, and the full amovnt of each and every such paymeM shall be immediately due and payable and shall bear interest from the date thercrof un~il paid at the rate o~ n!ne per cent~~n per annum ~nd tu~efher with suth interest shaci be sacured by the lien ot this mortgage. 4. To permit, commit or suffer no waste, impairmen! o~ detcrioration of said property w any pan thereof. S. To pay all and singular the costs, cha~ges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid ai .,ny iime by sa~d MORiGAG'.E, because w in the evem of the failure on the part of the said MORTGAGOR to duly, promptly and fully perlorm, d~scharge, ~aecute, eifett, cemplete, comply w~th and ab:de by each and every the stipulations, agreements, canditions, and covenants of said promissory note and th~s corrgage any or e~ther, and sa~d coats, charges and ezpenses, each and every, shall be immediatety due and payabte; whether w not there be notice ds n^,Sn3, attempt to collect or suit pend~ng; and the (vil amount of each and e~ery such paymem shail bear interesr 1rom the date thereoi uMi! paid at the r•r~~ o~ r~ine pe~ trnt~m pe~ anuuar, an~+ all said costs, charges and expenses incurred or paid, together wah such imerest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in the event any of utd sums of money herein referrrd to be not promprly and fully paed with~n th~rty (30) oaya next a4ter the same severally become due and•payable, without demand o? ootite, cr ;c) in thr event each and every the stipulations, agreements, conditions and covenants of sa.d promisso~y note and th~s mortgage any or either are no1 ~ufy, prompdy and (~Ily performed, d~scha~ged, executed, effected, compteted, complied with and ab~ded 5y, then in either or any such evem the sa~d ag y^regatz sum mentioned in said promissory note then remain~ng unpaid, with imerest accrued, and ait moneys setured hereby, shall become dve and pay- a~ e forthwith, or thereafrer, at the option of said MORTGAGEE, as fully and complerely as if aq of t'~e said sums of money we~e or;g;nally stipu~afed ro be pa:d o~ such d~y, anything in sa:d prom;ssory note or in this Mortgage to the contrary notwithstandireg; a~d thereupon or thereafter at the op~~on of d MORTGAGEE, without notice or demand, suit at law or in equity, the~efore or thereafter begun, may be prosecuted as if all moneys secured i~ereby r. •d matured pnor to ~ti institution. _ ~a , ; 7. That in the event thar at rhe beginre~ng of or at any time perxling ap y suil upon this e~t xlose it, or to reform it, or to enforce ; c~yment of any cla~ms he.eunder, said MORTGAGEE shall apply to the Court'Ravin~,jyri~dicjio ~~~rm~}~.of a Receiver, such Court shall ic; ~hwirh appc~nt a receiver of said mortgaged property afl and singu(ar, indulfin~ •aY ,i~~~. s~T~.~n~$ e prohu, issues ar,d revenues trom whatever s~u:cr derived, each and every of wh;ch, it being expressly unclerstood, is hrt(eby~ ort~aged ~;~,sPgS ifiFai~~fe~t.iPr~ ynd destribed in the granting and 1,~E>endum dauses hereof, and such Receiver shall have ell the broad and effective func4;ooi and poipt4r~ 7h ' 4;,r~ 's~fe~d by a Court ro a Receiver, and ~ s_:h appointme~~t shai! be made by such Court as an admi~red equity and a matte~ oi absolute rigM to !~c#,~(IA6~/xtd rvithcut reference to the r~i.a:,acy or inadequacy of the value of the property mortgaged or to the savency or inso~vency of said MQ 4~ ~/!~e defendants, and that such nr,rs, profits, inco~ne, issues and reveoves shaU be applied by such Receiver according to the lie~ or equity o! sa~d A10RTG7iGEE and the practice of such CouA. 8. To duty, promp!:y and fully perform, discharqe, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, ar any parf thereof, becomes vested in a pe~son other than the MORTGAGOR, the :'~RTGAGEE, its successors and ass~gns, may, wi~hout not~ce to the MORTGAOR, deal wi~h such successor or successor in interest with reference to this ro-tgage a~:d the debt he.eby secwed in the same manner as with Mortgagor without in any way vitiating or discharging the ldortgagors' liability here- ~^der or upon the debr h~~z~y secured_ No sale of the premises hereby mortgaged ar.d no forbearance on Ihe part of the !'dORiGAGEE or ~its successors ass~gns and no ex~ension of rhe time for the paymem of the debt hsreby secured given by the MORTGAGEE vr its successors or assigns, a~ialt operate ro re~ease, d~scharge, modify change w affect the orig~nai liabitity of the 1NORTGAGOR herein, eifhe~ in whole or in part. 10. It is spec~f~catly agreed that t+me is of the essence of this contract and that no waiver of any obt~gat~on hereunder or of the obligation se- cured hereby shall at any tin,e thereafter be held to be a waiver of the terms hereof or of the instrument secured he~by_ 11. In adJ ria~ to tFe forego'~ig monthly paym~nts of princ'pal and interest required by the prom~sscry note secwed hereb~, mortgagor covenants +•.d agr_es to , ay to ~noregagee w~rh each monthiy payr,:ent an add~« anal sum esrm~ared by morrgagee to be equal to 1, 12 of the annual cost of the follow- A-Atl real property raxrs levied or assessed agai•ist th~ above described real esrate. ~ E 6-~Pr~n~.~~~ns on f~re and windstorm insuracce as here~n requ~red to be carried on the improvemeits situate on the above d_scr;bed premises. F C-Pre~r.~ums o•i such mortgage guaranty ir.surar,~e as martgagee shatl trom. time to teme deem fit to ca~ry on the loan sec~red hereby. 4 Mong~gee sh.~'I irom eime to time not~fy mortgagor in writing of the amou~t due and payabte hereundrr and such surn shall thereupon be due and ,:ab!e on thr d~e ciate of the next month!y payment and each successive month thereafler untii mwtgagee shall not~fy rrwrtgagor of a change in such ~vnt_ $uch s~ms sF~;i be app~ird by mortgagee toward the paymeM of real property laxes, insurance prem;ums, and morigage guaranty insurance ' , erniums. IN \VITNESS '.VHEREOF, the said MORTGA(',p~ has hereunto set his hand a~d seal the day and fir t aforesaid. , Signed, Seated and d~ered in the presence of: i ~ _ Seap " o n Ei. a rk _ ~ ~.no., f - (Seaq Audrey . park ~~ai~ 5~.~.TE Of fLORIDA ~JU'JTY OF ~t. Lucie ~ I j Before me personaily appeared John B. Pa rk ` and ; Audrey F. park ! his wife, to me well known and known to me to be f f~~ ind~vidua~z described in and who executed the foregoing instrument, and acknowledged before me that they exewted the same for the purposes rhe•ein expressed. And the said Audrey F. Park r::+e uf the sa~d JO}1Tl B. Pa rk upon a separate and private am~nat~on by me taken separate and apart from her said 6usband, acknowledged to and before me that she executed said instrument freely and voluo- r3r,t~ and w~thout any compufsion, constraint, apprehens'on or fear of w fro r said husband. ~D ~~v y ~ Se tember ~ ' WITNESS my hand and official seal this- da o .D~ 19 7Z , Q ~ . otary Public in and tor the Sta ~f Fbr' at large My Commission expires: Ret~rn Ta - - _ first Federal Savings S Loan Association ~ /({d(jC, $TA~ p( f~~(~ ~(~f ~ of Fo~r P._rce. ~ Q(~AIMRSS101~1 p(PIRES 9EC. 1915 fort Pierce. Fiortdj BwdN 7hrr ~~nerM In~yr~nd U~~er~riu~s. FIIE~ AM+u RECORDED ` , ~ f~ _ 7s.~ . , ~ Sj.IUCiE ~vukYY PIA. ' This Instrument Prepared By J. H. Roberts, Jr. ROG<< F`~~~RAS • First Federal Savings & Loan Association CLERK C1+'-CJ1T COURT: of Fort Pierce ~ RECOaQ v~F''~E(~ Flor ida u Checked By ~ 1 1- 22~^~~~ R 23'7619 saox~ ;5 ~ ~ ~ . _ - - - - - - ; : , ~