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To place and continuouzly keep on the bt~i:dings now or he~eafte~ situate on said ~and and on aIl ~quip~ne~1 and personally covered by 1Fis mor ege, with all premiums the~eon pa.d in iuN, hrc ins~ra~xe ~n the uwai staruJard po!icy form, in a wm appreved by the MOR~GAGEE, and windsto ~nsurance in tha usual standard poCCy 1orm, in a s~m approved by the h10RTGAGEE, in suth tompany ot companiea as the MORTGAGEE m d~reU; and all fire and w~ndstorm i~wrance polic~es ~n any of said buildmgs, any ~nrerest therein or part thereof, in the aggregate sum aforesa~d in extess th~~reof, shall :ontain the usual sta~:dard rc~ortc~agee dause or suth other dause as the Mortgagee may reqwro, maAing the loss under sa~d po c~es, each and every, payab'e to said A10RTGAGEE as ~ts interest may appear, a~d each and every such po~k~ shalt be promptiy ass gned and delivered i any h~!d by sa;d ?:!~JP.tG.4fEE as !~~•!!~e+ sec~~.~ty ~o sa~d mortgage debt. and, not less Ihan ten (10) days in advance of ihe expiration of each pol~cy, to d~ lrver to said MORiGnGEE a~enewal thereof, toge~her with a rece~pt for Ihe premium ot such renewal; and there sh~ll be no i~re or w~nd~torm insuranc placed on any of said bui!dings, any interest therein or part thereof, un!eas in the form and wifh the loss payable as aforesaid; and in the eveN any sun oi money becomes payab!e und~r such policy or policies said M,ORTGAGEE shall have the opt~on ~o reca~ve and app:y the same on account of ~he indebted ness sewred hereby or to perrnit said lhORTGAGORS to receive and use it or any part the:eof ior o:i~c~ pur; oses. v.:tiw~t ~h~~.ur w~~v~.~~ cr ~n,p~~r ing any equ~ty, lien or ~iyfit undrr or by virrue of ~his mc:'gage; and in the event said MORTGAGORS shalt for any reason fail to kaep the said premisrs so inswed, or fail to deGver pro+z~ptly any oi said pol~c:es of insurante to said MORTGAGEE, or tail p:omptly to pay fu~ly any pre~:u~m thcrefot or in any IPt(~Pf~ ia~i rn nP~IMrtI. (I~SC}lnI[IC. BiPCUIB, @IfBG~, co~~p~eTa, co:nply with and a5ide by this covenant, or any pa~t hareof, said MGRTGAGEE may place a~~d pay for such insur,ance or any part tliereof w~thout waiving or affecting any option, tien, equ~ty, o~ nght unaer or by hifud oi z~:~s nl~::yayc, ~::u ~•`~t full amo~nl of each a»d e.ery such paymen! shall be ;mmed~ately due and payable and shall baa~ interest frorn th3 date thereo( until paid at the rete ol n~„e por camu~n per anuwn and to~_iha~ wirh svch int~~rest shaii be sewred by the tien of this mortgage. 4. To permit, co~nmit or sufie~ no waste, impairment w deterioration of said property or any part thereof. , 5. To pay all and singular the costs, charaes and expense:, including a reaso~able attorney's fee and costs oF abstrects of title, incurred or paEd a~ ,ny ti~,:e by said MORTGAGEE, because or in the evem of the fail~re on the pa~t oi the said MORTGAGOR to duty, prompNy a~d fully per(orm, d~scharge. e.rcute, effect, ccmptete, comply w~th ai~d ab.Je by each and every the stipulafons, agreements, conditions, and covenants of sa~d pro~nissory note a~d this rortgage any o~ enher, and sa:d cosrs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be nonce da n~,and, otte~npt to coliect or suit pend:ng; and ~he fulf amouM of each and erery such paymem sho41 bea~ i~terest from the date thereof until paid at the .:re o~ n~~~e per crn.um p~•r a~~~w~r and ail said co>ts, cha~ges and expenses inturred or paid, together w~th such interast, sAall be secured by ~he lien of this mortgage. 6. That (a) in the event of any breach of fhis hlortgage 6r defaulf o~ the part of the A10RTGAGOR. or (b) in the event any oF sa:d sums of money here~n referred ro be not pro~nptiy and fully paid within th:rty (30) days next aft~r the same several~y become due and payable, without demand or notice, or ,c) in thr event each and every ~he st~~~tanons, agreements, cond~tiors and covenants of sa;d prom~ssery note and th~s mortgage any or ei~her are no1 iv!y, p~o~npt{y anJ futly perfor~ned, d,xharged, executed, effected, completed, compl~ed with and ab~ded yy, then in e~ther or any svch eveM the sa~d ag ~r~gate sum mentioned in sa~d promissory ncte thrn re~naining unpa:d, with interest accrued, and all moneys secured hereby, shall become due and pay- ab e forthw~th, or ihereairer, at the opr;on of se~d ~10RTGAGEE, as fully and completely as if all of thr ~~d sums of money were onginally st~pulated ro be pa':d on such day, anything in sa:d pro:n~ssory note or in this Mortgage lo the contra~y nohNithstanduig; and the~eupon or thereafte~ at the op~~on of s~:d ti'IORTGAGEE, withe~t not~ce or demand, suit at law or in equity, therafore or thereafter tegun, may be prosecuted as if all moneys secured hereby n_d mat~red pnor ro~ts institut~on. 7_ That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to foredose it, or to refo~m it, or to enforce r ayment of any claims hereunder, said MORTGAGEE shall apply to the Cou~t having jur~sd;c+:on thereot for the appointment of a Receiver, svch Court shall fcrthwith appcint a receive~ of said mortgaged property all and singular, includ:ng alt and sinyular Ihe income, prolas, issues a~d revenues from. whate~er s~~~ce deriaed, ezch and every of wn~cfi, it be~ng expressly understood, is hereby mortgaged as if spec~(ically set forth and described in the granring and 1~_,i~end~m da~ses hereof, and wch Receiver shall have all the broad ard eff¢~ctive funct~o~s end powers in anywise entrusted by a Court to a Receiver, and s_ch appointme~~s shall be made by such Court as an admitted equ~ty and a matter oi absotute right to said MORTGAGEE, and without reference to the ad_qu;cy or inadeq~acy of the value of the property mortgaged or to the so~vency or insoivency o( said MORiGAGOR or the defendants, and that such r.,nrs, profits, inco.ne, issues and revenues shall be applied by such Receiver according to the lien o? equity of said MORTGAGEE and the practice of such Court. ' 8. To du!y, promp+iy and ful!y perform, d~scharge, execute, eifect, complete, comply with and abide by each and every the stipuiations, agreements, condition: and covenants In sa~d promissory note and th:s mortgage set forth. 9. That in the ev~nt th~ ownership of rhe mortgaged premises, o~ any part thereof, becornes vested in a perwn other than the MORTGAGOR, the :'^,RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deaf with such successor or successor in imerest with reference to this n-o•~gage and the d~~ut hereby secured in the same manner as w~th Morfgagor without in any way vit~ating w d~scharging the Mortgagori liabitity here- ;;nder or uFwn the debt he~cby secured. No sale of the Frem~ses hereby mortgaged and no forbearante on the part oi the 1hORTGAGEE or its suctessots o. oss~gns and no ex~ensron of the ~ime ior ~he payment of the deb~ hereby sec~red given by the MORTGAGEE er its successors or ass;gns, ahall operate to re~ease, dacha!ge, modify change or affect the orig~nal Iiao:Lty o1 the MORTGAGOR herein, either in whole or in part. 10. It iz spec~~~caliy agreed that time is of the essence of this conrract and that no waiver of any obligation hereunder or of the obligation se- c~~ed hereby sha!i at any time thereafter be he:d to be a waiver of the terms he~eof or of the inst+e~ment secured herby_ 11 . In add.~;;; ~ to the foregc n7 ,ronth!y payn:ents of princ pal and interest required by the prom~ssery no!e sec~red hareb{, morl9agor covenants d ogreis to pay to n:ortgaqee w~th each month~y pay~,~ent an odd~rionaf sum esnn,ated by mortgagee to be eq~al to 1; 12 oi tt~e annual cost of the follow- , ~.3: A-Ail rea! F roper;y !axas le~n~~~ or assessed ag ~i•tist th-_ above desaibed real estate. 6 Pr_,c~u•ns on f~re aed windstonn fnsurarce as nerein req~~red to be carriFd on the improveme~ts s~tuate on the above described premises. ~ ~ C-Pre:-~w:~.s o~ ~vch n,ortg-~ge guaran*y ir.surar.ce as mortgagee shall from t me to nme deem fA to carry on the loan sewred hereby_ f.'artgagee s'~a!i `rcm !~-ne to tin:e nonf; mertgagor in wrinng of the amount d~e and payablc hereundar and such sum shall thereupon be due and ~ .,yable on the cE~e da!e oi it.e n_•xt :,;onth:r pay~nent and each successive month thereafter u~:til mortgagee shall notify mortgagor of a change in suth ,-o~nt. Such s~•ns s~a.i be aF;~•.~~d by mortgagee roward the payment of reat p~operty tazes, insurance prem.ums, and mortgage guaranTy insurance ~ .;~emi~m5. ~ f~t WITP~ESS V,'HEREOF, the said MORTGAGOk has hereunto set his hand and seal the day and year first aforesaid. ~ S~gned, Sea d and d" s•ed in the presence of: C~ _ _ sesq 6 ,/B~ (Sesl) ~ an san B. Barber ~~ap S~F,TE OF ftORIDA ~ $t . ~.LiC le ~ ~~~U'JTY OF _ 1 Before me personatly appeared ~M~e v S R"''~~e= and Susan B BaYbeY his wife, to me well known and known to me to be rh: ind~viduafs described in and who executed tFie foregoing instrument, and acknowledged before me that they eaecuted the same for the purposes r~,~ein expressed. And the said__$uSaII B. Barber r:!fe of the sa~d ~'~1657 5 Barber upon a separate and private ~~am~nanon b~ me taken separate and apa~t from her said husband, acknowledged to and before me that she ezecuted said instrument freely and voluo- ~~r~iy ar~d w~thovt any compufsion, constraint, apprehension~r fear of or from her said husband. WITNESS my ha~d and officiat seal this____ ~v day of October A. D. 19~ ~ ~ Notary Publi end ior the ate of Florida et large My Commis expires: ~u~ ` ~9 ~ s` Retum To: F~rst Federal Savings S Loan Association " ' • . _ ' ~ n " C~ fLU1?IDA AT 1 ~RGt ,~...~~~~~ut~;.•. ~ ~ .:,'r ~:~•^±lS~f~i~! EXPIRES AUG. 6. 1975 Of Fo.t P rrce. ~f i t,.: ,~q " t,ENERAI INSURANCE UNDERWRITERS~ INC, Fort Pi_rcz. Flor~d~ ; ~ • +CC; ~~~L• ~Sr . ~~f~ ~ir~ 1~'~ , ~ ~ ~•.~~:c• ~ ~ : t_ , - :~'~S- : i~:•-~.~ ~ r-' i7~tis~:R~~+~ f LED ANQ RfCOROfD~ ' t. ' : ' ~ } < ~ S~.IUCIE COUliTY FU• Mv~., This Instrument Prepared By Gaty F. Ell ~,~y~y,..',~ ROGE~ P4~jRAS First Federal Savings & loan Association -f~, v.+:<4}% ' CLERR CInG11~j ~Q~~T I'M~ of Fort Pierce Florida ~ - - `:=~'f'~~~ = RErpRDYEP:~~~O-~'~ Checked By ' .r ,~,,~„'T ~ ` ~1'' ~ 55 AH ~~Z ~~oK207 ~~~E 414 239656 ~