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To placc and continuouity kcep on the bu~:dings now or hereaftu situate on said land and on ali equipment and personatly covered by this ma ege, w~th all p~em~~ms Ihereo~ pa~d in fuU, iire ir,wrance i~ the vsual standard poli~y fotm, in a wm approved by the MOR~GAGEf, and windsto ~nsuronce in the usual sr,~ndard pol~cy form, in a sum approved by the MORTGAGEE, in svch co~npany or companies as the MCRiGAGEE m dire<t; and all fire and w~ndstorm insurance policies on any of said build~ngs, any interest therein or parl thereof, in the aggregate sum aioresaid in excess thereof, shall contain the usual atandard mor~gagee dause or such othe~ clause a~ the Mortgagea may requ~re, maMing the loss under sa~d po c~es, each and every, payab!e to said h10RTGAGEE as ~ts imerest may appear, and each and every such po:~cy sl~all be prorrptly ass gned and deliverrd ~ any held by sa~d h10RTGAGEE as fur~her s~curily to said mortgage debt, and, no1 less than ten (t0) days in advance oi the expiratio~ oi eath policy, to d~ I~ver to said MOR7GAGEE a renewa! thereof, togethar with a receipt for Ihe premium ol such renewal; and there shall 6e no i~re or windsto~m insuranc placed on any ~.f said buil~ings, any interest therein or parl thereof, unless in the form and with ~he loss payabte as aforesaid; and in the eveM any sun of rnoney beco~~es payable under such poiity w pol~cies said MORTGAGEE shall havt the opfion to receive and apply the same oo account oi the indebted ness secured hereby or to permii iaid MORTGAGOR$ to reeeive and us! it o~ any part thereof tor otiier purt~osrs, wrtncut th U~ waivi o~ ~mpaii ing any equ~ty, lien or right unda~ w by virtue of this mo:!gage; and in Ihe evenf sa~d MORTGAGORS shatl tor any reason fail to kcep the said p~emise~ so ins~red, or fail !o deliver p~omptly any of said policies of insurante to said MORTGAGEE, or fail promptly to pay fulty any premi~m therefor or in a~y respect (ait fo perform, discharge, exrcute, eflect, complete, cornply wi~h and abide by this coven~nt, or any part hrreof, said MORTGAGEE may ptace ano pay far such inau~ance or any par/ thereof without waiving or affecting any option, lien, equity, or r~ght under or by virlue of this Mortgage, and the full amount oi each and eve~y such payment shall be irnmediately due and payable and shall bear interest from tha date thercof ~n~il paid at the rate of n~ne per ccntum per annum and togrther with such interest sha(f be srcured by the lieo oT Ihis mortgage. 4. To permit, commit w suffer no waste, impairment or deterioration of sa+d p~ope~ty o? any part thereof. 5. To pay atl and singutar the costs, charges and expenses, includ~ng a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any t~n:e hy stid A10RiGAG:E, because or in the event of the fa~lure on the part of tha said MORTGAGOR to duly, pranp~ly and fu~ly perform, d~uharge. _aecure, effect, complete, comply w~th and ab:de by each and every the stipular~ons, agreements, cond'+rions, and covenanrs of sa:d promissory note and ihis ~:ortgage any or e~iher, and sa~d costs. charges a~d expenses, each and every, shall be immediately due and payable; whethe~ or not there be notice da inand, at~empt to coll~~ or wit pending; and the iull amount of each and every such paymeN shalt bear interest from the date fhereof imti! paid at the r~re o~ n~ne per c~ntum pe~ an~~um; and af! said costs, charges and expenses incurred or paid, togethei wdh such imerest, shall be secured by the lien of th~t mortgage. 6. That (a) in the event of any breach af Ihis Mortgage or default on ti~ part of the MORTGAGOR, or (b) in the event any oi sa[d sums of rr+oney herein refe~red to be not prompNy and lully paid within th~rty !30) days nexf aftar the same severa:ly become due and payable, without demand or notice, er (c) in the event each and every the stipulaiions, agreements, conditions and covenants of sa:d promissory note and th+s morlgage any o~ either are no! iu:y, prompNy and lully performed, d:scharged, executed, effected, compteted, compGed with and abid~d 5y, then in e~ther a any such event the aa~d ag t g•egate sum memiuned in said promissory note then remaining unpaid, with i~terest accrued, a~ all moneys secured he~eby, shall become due and pay e forthwith, o~ thereafter, at the optron of said MORTGAGEE, as fully and comple~ely as ii afl of thr sa~d sums of money were originatly st~puiated ~ !o be pa:d on sucA d.:y, a~ything in sa:d p~omissory note w in this Mortgage to ~he contrary notwithstanding; and thereupon or thereafter at the option of s.: d MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby n.:d matured pnor to ~ts instituhort. 7. That in the evrnt that as the beginning of or at any time pending any suit upog-thia•Morjy,~Qe, or to fweclose it, or to reform it, or to enforce p;yment of any clai~ns hereundzr, said MORTGAGEE shall apply to the Couri having jur~sd~ction thPtedf fofthe:ap~oi~hp~t,of•a Receiver, wch Court shail rc: thwith a~po~M a rece~ver of said mortgaged property all and singular, indud,ng ail and si~~gular ti,e incbmb, ptp~~ts, issues ar.d ~evenves from whatever so~~ce drrived, eath and every of wh~ch, it being exFress~y understood, is hereby mortgaged as if SplCifically sot {orth a~d dexribed in Ihe granting and }~:~endum dauses hereof, and s~ch Receiver sha~l have all the broad and effecrive funct~ons and powers in any~ise enfrusted bY s Court to a Receiver, and s_ch appointme~~t shait be made by such Court as an ad~nitted equity and a ma~ter oi absolyte ~ight. tp, said MORTGAGNE, arSdtVyitF~o~t refere~ce to the adequacy or inadeqvacy of the value of the property mo~tgaged or to the so~vency or ~nsolvency of sa~d MORfGAGOR W the -def~ndants, and that such r~~ ..rs, profits, incane, issues and revenues shall be applied by such Receiver according to the fien or equity of sa~d MORTGAGEE and the praciice of such Caurt. 8_ To duty, promptfy and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipufations, agreements, :onditions and covenants in sa~d promisswy note and this mwtgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a person ofher fhan fhe MORTGAGpR, the .•~RTGAGEE, its successors and assigns, may, wifhout nonce to the MORTGAOR, deat wifh such successor or successw in interesl with reference to this o-igage ar.d the d_6~ hereby secured in the same manner as with Mortgagor w+thout in any way vit~ating or dlscharging tF~e Mortgagors' tiability here- ..•~der or upon rhe de5t hereby secured. No sale of the p~emises hereby morlgaged and no forbearance on ~he part of thz /AOR7GAGEE or its successors ;r ass~gns and no exfens~on of the time fw the payment of the debt hereby secured given by the MORiGAGEE or its successors or assigns, ahall operate ro re~ease, d~scharge, modify change or affect the origlnai tiaoility of the MORTGAGOR here~n, either in whole or in part. I0. It is spec~iitatly agreed that time is af the essence of this conlract and fF~af no waiver of any obligat~on hereunder or of the obligation se- c~~ed hereby shali a~ any time therea'ter be held to be a wai~er of the terms hereof w of the instrument secured herby. I1. In a;3d t~en to ~he ferego'ng month!y paym_nfs of princ paI and interest required by the prom sscry no!e secured herrby, mortgagor covenants ,•.o agrees to pay to n:o-rgagee v.ith each momhiy pay~~:em an add~iional sum esrn,ared by mortgagee to be eqval to l, 12 of fhe annual cost of the follow- A-~~! real property taxes lev~ed or assessed against thc above deuribed real esrate. B Pr~rr::~ ns o:i f~re and windstorm insuracce as here~n requ~red to be carried on the improveme~ts s~tuate on the above d=scribed premises. C-Premw~*~s on such mortgage guaranty ir.wra~~ce as mortgagee shatt from. nme ro time deem fit tb carry on the loan secured hereby. Mortgagee shr,~! frem tin;e to tln:e no~ify mortgagor in writ~ng of the amount due and payable hereundrr and such sus:'shd11 t~fr ~u'pon,be due an~ t .~b'e on th~ d~e ciare of ih> next m.onth!y payment and each successive month thereaft:r unti! mo~tgagee shall notify mort9egb~ i~~a!c}~qh e in such ~ ,:~~nt. Such sums sFa:~ be app:ied by mortgager toward the payment of real roperty tazes, insurante prem;ums, and mq~t~age '~lwjr~ntye insurance- ,..c.niums. ~ IN V~ITNESS YIHEREOF, the said MORTGAGOR has hereunto set his hand nd seal the day and year first aforesaid:~ 5~ ed Sealed ard deliver in the preserxe ~tEO ~ECOROED WA CQN Z'j'~Tj ~~j~A~ p ~ , S IUCi~ :OCNTY FIA. • . , : / / n.~.:..°• C'.'TRAC • r ($!a~ C`eor r~Let~~? C~j11RT 4tY~ W~n~ U S~Il@$~_ pI6S~~A't- 14a11 ~ caR~ •:°~.~,~o U - _ : /Ql~- . . ~ , , ~s~n ~ - - l ~ ZZ 1 11 LL T' .Cd~2~ . ~ (Sesq ~~atricia A. Sines~ Secretary, Treasurer ` STATE OF FLORIDA ~'`3 ` V~~ COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this 6th day of-__-- Septembet , A.D. 19 72 , before me personally appeared Wayne U. Sines and Patricia A. Sifles respectively as President and Secretary -Treasurer ~ , of ' _Wavne Construction Company a Florida ~ ~ - Corporation, fo me ~ known to be the persons described in and who executed the foregoing instrument, end severally acknowledged the exe- ~ J t ~ution thereaf to be their free act aRd deed as such officers for the uses~aad'purs~ses~jherein mentioned; and that they . v > ~ ~ affixed thereto the official seal of said corporation, and the said i~strLm'entns she act ard cieed of said corporation. - ..r ~ - - WITNESS my hand and official seal at Fort Pierce sstd cOLnt~ and state. ~?his instrument prepared by J. H. Robezts, Jr. - ~I First Federal Savings and L.oan - „ssociation of Fort Pierce, Florida Notary Public; in ~rtti'for State an County aforesaid. My Commission Expires: uUfAitY PU6LlC. STATE ot FLORIDA at LARCE t,+Y CGM:r,r;S1~t~ E%pIRES SEPT. 25, 1975 NTM,ed 3~ Ameri;a~ 82n~ers Insatance l:o. Checked By 80QK~:lJU P~CF ~)1.~7 , _ x:- ~ - - - - ~ ~:~.~4 , - _