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Tp p!ace and continuousiy keep on the bui:dings now or hereaiter a~tuate on said la~d and nn al~ equ~p~nent and pe~sonally tovered by this mor ege, w~~h all p!en~i~ms thereon pa:d in fult, fire insuronce in the ~sual standard po~icy lorm, in a sum aHproved by the MUR~vAGEE, and winJsto msurance in tha uwal s~~~~dard pot.cy fo~m, in a wm approved by the MORiGAGEE, in such tompany or compan~es as the MORiGAGEE m d~recr, and all iire and wmdstorm insurance poiicies o~ any o( said build~ngs, any ~nte~est Merein or parl thereof, in ~he agg.egore sum aforesaid in excess ihercof, shall :onea~n ihe uw:.l slar.datd mortgagee ciause or such other clause a~ the Mortgagee may req~.re, mak~ng the ioss ~nder s~~d po c~rs, each and every, pay.;b!e to said ~tiJR1GAGEE as rts interest may appea~, and each and every such po:~cy sha1~ be promptly aug~~rd and da:iv~red ~ any hrtd by sa:d MORfGt~GEE as f~rther secu~ity to said n,o~tgage debt, a~id, not less than ~en O01 days in advance o~ tht expirol~on of each pol~cy, ?o d. I~ve? to said h10RiGAGEE a re~uwal thereof, together with a receipt for 1he pre~nium oi such renewal; a~~d ti~ere shall be no f,re o~ w~~~dsto~m insuranc placed on any of sa~d b~ifd~ngs, any interest therein or pa~1 the~eo(, unless in the ~orm and with the loss payable as aforesaid; and in the event any sun of money beco:nes payabte unde~ such poGcy o~ po~~cies said htORTGAGEE shall have the opt~on to ~ecr~ve and apN!y the same on account oi the indebt~~d ness scwred her~by or to pernut sa~d MORTGAGORS to receive and use it q any part the:eof to~ o:i~~~r pur: os~~s, ..:i~~o„r ~h_~, ur .v.:~.~.~~ c~ ~•~~p~~r ~ng any equ~ty, lien or r~9ht under or hy virtue of this mo:•gage; and in the event sa~d MORTGAGORS shatl for any ~`rason fai) to keep the said premisas so ~nsured, ot fail ro de~iver promptly any of said poliEi?s of insuranee to said MORTGAGEE, or fail p:omptly to pay fully any prr~~~i~:n therefor or in any ' ~espect tail to perform, d~stharge, execute, effett, completa, tomply with and abide by this tovanant, o~ any part hrreof, sa~d MGRTvAGEE may piace a•~o ? pay for such insurance or any part the~eof w~thout waiving or affecting any optio~, lien, equ~ty, or right u~~der or b~ virtue of this Mortgage, ar.d ihc fuil amovnl of each and e.ery such payr.iem shall be immediately due and payable and shall brar inte~est Erom the date thereof uMil p~id at the rate ot n„ie per tentum per annum ~nd to~cth~•r ~nith such inte:cst shali be s.turet~ by the lien Of this mo~tgage. 4. To permit, cortimit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and s~ngular the costs, charges and expenses, including a reasonable aftorney's fee and cus~s of abstracts of title, incurred or pa~d at ,~,y !i~r~e by sa~d MORIGAGEE, because «~n the evero of the fa~lure on ~he part of ~he said MORTGAGOR to duly, oro~np~ly and futly perform, d~scharge. _.~cute, effect, comp:ete, comply wrth and ab:de by each and every the atipvlat~ons, agreements, conditions, and covenants oi said pranissory note and this -:o~rgage any o~ e~~hrr, and sa:d cosrs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be norice dr n,and, atte:npt to collec? or suit pend~ng; and the fult a~nount of each and every such paymem shall bear in~crest from the date the~eof umil paid at ~he ~,r.~ o~ ~~~ne per ce~u~•i, Ner an~~u .:n~ aii said costs, charges and ex;xnses incurred or paid, together w~th such interest, shall be secured by the I~en of th~~ mortgage. b. That (a) in the event of any breach of this Mortgage or default on tt~ part of the MORTGAGQR, o~ (b) in the event any of sa:d sums of money herein referrrd to bc not promptly and fully pald within th;rty (30) days next aft•_r the same severa'ty become due and payable, withaut demand or norice. or ~c) in the event each and every the stipu~ahons, agreemeMS, conditions and covenants of sa,d promissory note and ths mortgage any w e~ther are nol iu;y, pro~nptly and f~uy perfonned, d:scharg~d. executed, effected, completed, compGed wifh and a6ided Sy, then in either o~ any such evem the said ag g~egate sum ment~o~~~d in said promissory note thrn remaining urtpaid, w~th interest accrued, and a~l moneys secured hereby, shall become due and pay- ao e forth.vith, or ihereaftcr, at the opnon of sa~d A10RTGAGEE, as fully and comptetety as if a(1 of the said wms of money were or~g~natly st~pulated ro be pa:d on svch dcy, anything in sa:d promissory note or in this Mwtgage to the con~rary notwithitanding; and thereupon or thereafter at the option of s= d MORTGAGEE, w~thout nouce or demand, suit at law or in equity, therefore or therealter begun, may be prosecufed as if all moneys secured hereby n,d matured pnor to ~ts instit~tlon. 7. That ~n the event that at the beginning of or at any time pending any w~t upon lhis Mortgage, o~ to forxlose it, or to reform it, or to enfwce ~ ayment of any claims hereundzr, said MORTGAGEE shatl apply to the Court having ~urud~ction there~f fw the appo~mment of a Receiver, such Court shal~ ic~thwith appoint a receiver of said mortgaged property all and singular, intlud~ng all and singular the irtcome, profi?s; issues and revenues from whatever s~ ~~~ce denved, each and e.•ery oF wh~cfi, it being expressly understood, is hereby mortgaged as if spec~ficaily set 4orrh anu desu~bed in the granring a~id t„bendum uauses hereof, and wch Receiver shall have all the broad and effective functloes and powers in anywise emrusted by a Court ro a Receiver, ard s~:h appointment shail be made by such Cou~t as an admitted equity and a m.atte~ oi absolute rght to sa;d MORTGAGEE, and withoul refere~ce to the a~?,aqvacy o~ :nadequacy of the value of the property mortgaged or to the so~vency or insolvency of said lV10RTGAGOR or the defe~dants, a~d that such ~c ~rs, prof;ts, inco~ne, issuez and reven~es shalt be appiied by such Receiver accord~ng te the lien or eq~ity oi sa~d MORTGAGEE and the practice of such Court. 8. To du1y, prompt;y and (u!!y periorm, discharge, execute, effect, complete, compiy w~th and abide by each and every the stipulations, agreements, ;onditions and covenanr: m sa~d promhsory note and this mortgage set forth. 9. That in the event the ownership of the morigaged premises, or any part thereof, becomes vested in a person other than the h10RTGAGOR, the : ~RTGAGEE, irs successors and ass~gns, may, without nor~ce to the MORTGAOR, deal wnh such successor or successor ln interest with reference to this o~igage ar.d the deut he~eby secured in the same manner as wi~h Mortgagor without in aoy way vit:ating a d~scharging the Mortgagors' liability here- „~er or upon the d_be hereby sec~red. No saie of the premises hereby mo~tgaged "and no torbearance on the part of the /dORiGAGEE or its s~ccessors or assigns and no exters:on of the tlme ior the paymem of the debt hereby secured given by the h10RTGAGEE or its s~ccessws or ass~gns, a~iall operate ro release, d:scharge, modify change or affect the origmal Iiab~Gty of the MORTGAGOR herei~, either in whole or in part. 10. It is spec~f~cal~y agreed that time is of the essence of this contract and that no waiver of a~y obltgat~on hereunder or of the obligation se- a~~ed hereby sha:~ at any time thcreafter be he:d to be a waiver of the terms hereof or of the instr~ment secu~ed herby_ I 1. In a:id t:c-: !o th_ iorego ~~3 n,onth!y paym~MS of princ pa! and intrrest ~equired by the prom sscry no!e secured hereb~, mortgagor covenants r d ag~ees ro pay to e~o•tgayee v~ith ea:h month~y pay~nent an add,rional sum eshn+ated by mortgagee to be equa~ to 1; 12 of the annual cost of the follow- A-Ail rcal F.rope~ry taxrs le:~_~ or assessed ag3i•ist th~ aeove dex~ibed real estate. 6 Pr~ nz on f;re ar.d windsro-~~~ insuracce as here~n rcqu~red to be ca~ried on the ~mproveme~ts s~tuate on tha above d~sc~ibed premises. C-Pre~r.iu:~ s on such mort~ ge guaranty ir.surar:ce as mo~tgagee shall froT t me to time deem fit to carry on the loan secured hereby. j Morfgagee s^~ ~'+e•n t~~ne to r,~~e r.ot~f~ mc~tgagor ~n writing of the amo~~t due and payable hereurdrr and s~ch su•n shai{ thereupon be due and ; ,.;ab!e on shr due d.~~e or ih> ~~•.xt n~orth:y payment and each successive month thereafter ur.tit mortgagee sha!I notify mortgagor of a change in such .;~r.t. Suc7~ w~^s 5~' i•~ UC opF :i~~d by mortgayee toward the payment of real properry taxes, insurance prem~ums, a~~d morigage guarenty insurance ~ ~c•mi~ms.' ~ !N Y11Ti~E5S .1HcREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yea• fint aforesaid. y ~ Signed, Sealed ar.5j e~ ered i the presenc~ of: r ~ ~ al) C HollOw aq 5eaq an E. Hol ay ~ai~ STATE OF FIORIDA ~ St . Luc ie ~JiiNTY OF ~ Before me personally appeared JOe C• Holloway a~ Jean E. Holloway his wife, to me well known and known to me to be - ~ individuats descr~bed in and who eaecuted the foregoing instrument, and acknow{edged before me that they executed the same for th~ putposes` - nc~~ein expressed. And the said Jean E. Holloway ~t ~-:~e of the sa~d J~_ C• Holloway upon s, se}i~rate and private ~ rm~narion by me taKen separate and apart from her said husband, acknowledged to and before me thai she executed said instrNneti~~eeFy and voluo- ~ ~ ~a-uy and w~thout any compu:sion, constraint, apprehg,~8n, or fear of w from her aid husband. ~ ^ ~ October ~ ' WITNESS my hand and official seal this__ " day of ; A~ D. 19_~r.. ; ~ ~ / • ~ ' s ~ otary Publ~c in and for t e S te of F(o+ida_ St Iiarg7}~r ~ Commission eapires: J 6~' Ret~rn To: ~ r `S ~ First Federat Savings L loan Association Of iort Pcrce. ~ For! P~erce, F1o•icli f Ep ANO ~E~ R Ep ~ =~~UCIE COUN~Y ~LA. lt00ER ~p1TR~S 5 ~ t~,t1lT COURt ~ I ~ OIERvfR~ ~ EO ~ This Instrument Prepared B~ Richard K. Kayes ~~~p110 'r~ ~ First Federal Savings & Loan Association ~'Q 3~ ~~j !~Z of Fort Pierce~ Florida 33450 ~ 4 Checked By ~392~6 S ~ ` R zos P,,~EzsS? : g00K . ~ ; r z~,) . - _ _ ; - ~