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To p~ace and continuousty keep on thc bui'd~ngs now or hereaf~er ~~tuate on sa~d land and on all cquipment and perso~ally tove~ed by this mor age, w~th all preml~ms thereon pa:d in full, fue insurance in the usual srandard po~~cy fo~m, in a sum aHproved by the MORiG.aGEE, a~~d w~nds~o ~nsvrance in the us~al standa~d po:•cy ~or~n, in a wm approved 6y the MU2TGAGEE, in such com~any or tompan~es as ~he h~021GAGEE m d~rect; and all fne and w~ndstorm ir.wrance pol~c~es on any of sa~d build~ngi. ~ny in?erest the~rin or pa~~ th~•reof, io the aggr~~ga~e wm afoiesa~d in excess thercof, sh~ll :om~in ~he usual s~~ndard mortgagee c~ause or such aher clause as ~he Monyagee may reqwre, making the wss under sa~d po c:es, each and every, pa~~b:e ?o sa~d hIORTGAGEE as its ~mcreat may appear, and each a~d every s~ch po~.cy shail ue p~amptly ass g~~cd and de;~vcr~d i any held by sa~d h10RiGAGiE as funher s:cu~ity to safd mortga9e debt, and, not less than ten (10) days in ad.ance oi ~he exp~~at~on of each poficy, to d. I~ver to sa~d MORiGAGE~ a ~ene.val thereof, toge~her with a receipt for the p~emium of auch rene~al; and thare shall ba no i~re or winds~or,n inw~anc placed on any of sa~d b~ild~ngs, any i~terest there~n or part thereof, unless in the form and wiih the ~oss payable as aforesaid; and in the eveM any s~n of money becomes payable under such policy w pol:cies said MORiGAGEE shall have ~he op~~on to rec_-~~r ~~~d aFp:y the aame on accoun~ o) the i~~da6t~•d nrss secured har~by or to permit ssid ~AORTGAGORS to receive and use it pr any part the:rol icr o:n•:. +.u~; ~s~~s, •::.tho.:t +h ~~..,1 `7 ~"~P~~' ing any equ~ty, Gen w riyht und~r or by virtue of this mo:'gage; and in the event aa;d MORTGAGORS shall ;o~ any re~son fail to krep the sa~d premisrs so inwred, or fail to delner promptly any of said pollcies o1 insurance to satd MORTGAGEE, or fai! p:omptiy to pay fu~:y any pre~~:ium therefor or in a~y respcct fail to pe~form, d~fcha~9e, execute, effec?, complete, to~nply with and abide by this covenant, or any part h_reof, sa+d MOR7G:~GEE may p~ace a:~a pay ior such insur.,nce or any parl thereof w~thout waiving o~ affec~ing any option, lisn, equ~ty, or n~ht u~der or b~r virtue of th~s Mertgage, and the f;,!! amoum of each and every such paymen? shalt be immediately due and payable and shall brar interest from tha d~te thercof un~il p.,id at the rate o1 n,ne per [entum per annu~n and to~rth~•~ ~nitfi s~th interest shaii Ge sacured by the lien of this mortgage. To permit, commit or suEier no waste, impairment w deterioration of said property or any part thereof. 5. To pay all and singufa~ the costs, cha~ges and expenses, including a reasonable attorney's fee and costs of absrracts of title, incurred or paid at a~y tln:r by sa~d MURiGAGEE, beca~se or in the event of the failure on the part oi ihe said MORTGAGOR to duty, prornptly and fully perionn, d~scharge. ~.•_cute, efiec~, comp~ere, co^~ply w.th and ab;de by each and every ~he stipu!at~ons, agreements, conditions, and co.enants o( said pro~~ussory note and th~s . ortgage any or e~rher, and sa:d costs, cha~ges a~d expenses, each and every, shall be immrd~ately due and payab:e; vvhe~her or not there be noT~ce d~ n,a~~d,- atte:npt to cottect o~ suit pend~ng; and the full amouN of each and every such paymem shall bea. int~rest from the date thereof until paid al the ~•r.~ o~ nlne per cancum Nar ~n~~u-n; and atl said costs, cFeargrs and rxpenses incurred or paid, togather wah wch inte~est, shall be secured by the lien of th~s mortgage. 6. That (a) in thr event of any breach of th~s Mo~tgage or default on the part of the MORTGAGOR, or ;b) in the event any oF sa;d sums of money hcrein ?eferrrd to be not promptly and fuUy paid wi+hin thuty (30) days next a4te~ the same severally become due and payable, without demand or notice, or (c} in the event each and eve~y ~ne stipu:ations, agreements, cond~tions and covenants of sa,d promissory rote and th,s mortgage any or either are no1 i~,1y, pro~~~pNy a~d fully perio~~nad, d•scharge-d, eze:~tad, eftected, compteted, complied with and ab;ded 5y, then in ei~her or any such event the sa~d ag g~e3ate sum mentioned in said promissory note the~ remaining unpaid, with interest accrued, and all monrys setured hereby, shall become due and pay ao for~hw~th, or th_rrafrer, at the opr~on of sa~d MORTGAGEE, as fully and comp!etely as if all of the s~~d sums of money were onginally sttpulated ro be pa:d on such dcy, anything in sa.d p~o:n~ssory note or in this ~dortgage to the tont:ary not,v~~hst3ndi:ig; and thcre~pen or thereafter at the option of s~ :1 ~1lORTGAGEE, w~mo~t not:ce o~ demand, suit at law or in equity, therefore or lhereafter begun, may be prosecuted as if all moneys sec~red hereby n.d matured pnor to ~ts instifunon. 7_ That in the event tt,ar at the beginning of or at any ti~ne pending any suit upon this Moregage, or to foreclcse it, or to reform it, or to enforce ; a;mem of any cfaims hz~e~nder, said h10RTGAGEE Sha:l apply to the Court having ~unsd.ction th~~:eo! for the appombnent of a Recerver, such Cou!t shail ~:thyvith appoint a rece~ver of said mortgagrd proparty all and singular, includ.ng atl and s~ngu~ar the incorne, p~of~ts, issues and reven~es from whate~er s~~-ce derived, each and every of wh!ch, it b.:~ng expressly understood, is hereby mortgaged as if spec;f~calty set fo~th and destr~bed in the granting and r~.,:.~endum ciauses hereof, and such Receiver shall have all fhe b~oad and effective f~ncr,ans and powers in any~n•~se entrusted by a Cour~ to a Receiver, ar.d s;h appointment shail be made by wch Cov~t as an ad:nitted equity and a rwtter of absotule rigM to sald MORTGAGEE, and without re{erence to the a:'.:•y;,acy or inadequacy of the vaiue of the property mortgaged ot fo the so.vency or insolvency of said MORiGAGOR or the defendants, and that such :~~s, profits, inco.ne, issues and revenues shail be appiied by such Receiver accord~ng to the Iien w equity ot said MORTGAGEE and the practice of such ~.OUf~. 8. To du:y, p~ompt;y and fully pe~form, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ._•:,d~rions and covenanrs ~n sa~d pro~n~ssory note and th~s mortgage set forth. 9_ ihat in the event the ownership of the mortgaged premises, or any part thereof, Eec~mes vested i~ a person other than the MORTGAGOR, the .'7RTGAGEE, irs successors and ass~ons, may, wirhout notice to the MORTGAOR, deaf with such successor o~ successor in iroerest with reference to th;s igage ard the deut hereby secured in the same manner as with ~Jlo.tgagor without in any way vitdating or d~scharging the Mortgagors' IiaGility here- i<•r or upon the d_bt hereby se:u:ed. No sa[e of fhe cremises hereby mortgaged and no (orbearance on the part oi the 1'AORTGAGEE or its wccessors „r ;ss~gns and no extersion of the nme for the payment of Ihe debt here6y secured given by the MORTGAGEE or its successors or ass~gns, a~iall operate ro re~ease, d~scharge, mod~`y change or a!fect the original liao;i~ty of the M.ORTGAGOR herein, either in whoie or in part. 10. It is spec~f~c ~;~y agreed that t~me is of the esse~ce of ~his contract and that no waiver of any obl~gatlon hereunde- or of the ohligation se- .,;red hereby shaii at an~ time therrafter be he:d to be a wa~ver of the terms hereof or of the instrumem secured hc~by. , 1 I. M aud.r.a~ ro ti e forego ng month!y pay~T•,nts of princ pal and interest ~equ~red by the promsscry nore sec~red hereb~, moctgagor covenants ' ±;grces to ~ay to n:o-tyagee ..~~h each momhiy Nay~.,em an add.r~onal sum esr.n:ared b~ moctgagee to be equal to i 12 of rhe an:wat cost of the follow- i ~ I A-A!f reai frop~~r:; taxas ~evi~d or assesseci ag~i•~st ihc above describcd rc~al estate. I 6- Fr_•~: ~~.z on f~rr arcl vi~rdstorm ~nsurarce as here~n requ;red to be ca~ried en the ~m;;rove~ne~ts s~tvate on th~ above d~sc~~bed premises. 'r { C-Pre~r.~ur~s o~~ wch mortg:,ge guaranty inwra.~ce as mortgagee sha11 from Yme to time deern fit to carry on the loan secured hereby. ~ P.'ortgagee s'~a I j~cm ~~e to t~:,;e not~fy mengagcr ~n writing of the ar.,ou~t due and payable hereundar and s~ch surn shali th~rc~pon be due and ~ i;ie o~ th~ c~ua ci ~r•, cf ihe ne¦t n~,onth:y payment and each successive month thereafrer ur.tii mertgagee shall not~fy mortgagor of a change in such .,nt. Such su:rs sha.i t:e a; F~.:ied by mortgag=e to~4ard ti:e payment of real property taxes, inwrance prem.ums, and mortgage guaranty insurence ~:iums. IN Y~ITPJ.55 :'.'HERFOF, tiie said MORTGAGOR has hereunto set his hand and scal the day and year fi:st aior said. igned, Seated eli red "n the presence of: / ~ , ~ - ) ~~Q ~ ~Seal) ' ~ .~_T(Seal) . C s ~lI,CC • l~ ` (Seaq _ Donna Lee Lancaster ~~a~~ Si;~TE OF fIORIDA ~ ~Ju'dTY Of _ St. Lucie ~ Before me personally appeared James F. Laneaster and DOI111S IR@ Lancaster his w~fe, to me well known arx! known to me to be : individuals described in and who executed the foregang instrument, and acknowledged before me that they executed the same foi ihe,.purposes r~e•e~n expressed. And the :a~d_ ~nna Lee Laneaster r,,,...~,.,,n ..,'e of the said JaID~S .J• Lancaster JEwn'a~separate~,and psivate •~m;nat~on by me ta4en separate and apart from her said husband, atknowiedged to and before me that she ezecuted said jr~STiumenf•freely ~d votun- aad w~tho~t any compu~sion, constraint, apprehen n, o fear of or from her sa:d husband. . ~ , J . . WITNESS my hand and ofFicial seal this_ ____L~~.~a- day of october ~~~?.'D„ 1 7rL e: ' ' .t ~ . ' • ~ ~ J V ~ ~ : Notary Public in and for tbe StQte ~Qr ~a`s~laf94, ~ ~ - ~ My Comm~ssioo exp~res: " 7" - • Return To: NOTIURI~IBLIC. STATE o( FLORIDA ffi LARGE ~ First Federal Savings d lcan Associatlon MY CO ~N EJ(PIRES SEPT. ZS, 1975 of -o~r v~-~. Bonded BY Americsn Bankers Insurance Co. Fort Prcrce. Flur~da F ~EO ~?NO aECOROED a~. WCIE COUNTY FIA. C~ AocE~ ?oiTa~S ~ CIEal~ C~RCU~T COURT m ~ _ , It CORO VER~FtEO.~..~+~ Th~s Inssrument Prepared By ; R iChard K. ~yes ~ First Federa~ Savings $ Loan Association ~ 5 ~ 33 ~~7~ of Fort P.ierce ~ Flor ida - 33450 23924'7 Checked By~ - ~ U R 2U6 ~E 2859 ~ BOOK PA ~ ' ~l = r3 ...s.~.s ~ . . . , , _