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To piace and continuousiy keep on the bu:'d~ngs now or hereaite~ situate on said land and on al~ eq~ip~nent and personalfy covered by this mor age, w~th at! prem~urns rhereon pa~d in fv+l, l,re ins~ronce in the usval sta~xlard ~w:~cy form, in a s~m aNproved by thr h50R~G:.GEE, and w~ndsto insurance in Ihe usual standard po:.cy fwm, in a swn approvrd by 1he MORTGAGEE, in such to:npany o~ tompanies as the h10RTGAGEE m d~rect; and all iire and w~ndstorm insurance poliues on any of said build~ngs, any interest lherein or part thareol, in the aggrcgate s~m aforzsaid in excess thereof, shail :o~tain the usval star.dard mortgagae c~ause or such other clsuse as the Meriyagee may requ~re, making the toss undzr ss~d po ues, each and every, payat~le to sa~d A1JRiG.AGEE as ~ts iroerest may appear, and each and e~~rry such po~~cy shall be promprly ass gned and delivtred i any held by said AtORIGAGEE as lurther seturity to saEd mortgage dtbt, and, not less than ten (10) days in aJvance of the expiration of each polity, to d~ Gver to sa~d n10R1GAGEE a renewal thereof, toge~her with a rece~pt for the premium oi svch renewal; and there s4~ai{ br no f~re or ~vindsto~m insuranc placed on any of said buildinys, any i~teresf there~n o~ part thereoi, un!ess in the fo~m and with the loss payabx as a4oresaid; and in the event any sun of money becomes payable undrr s~ch policy or poLcies soid MORTGAGEE shall have the opt~on to receive and app!y ttie sa~ne on account of the indabtvd ness secured hereby or to permh seid IAORTGAGORS to recrive and use it or any part the:eot tor c:~,• r as~~s, ~.;rl:~,;r thr~ o, .y.:;,,; cr ~~np,.~~ ing any equity, Gen or r~yht undar or by virtue of this mortgage; and in the event sa:d MORTGAGORS sha11 .`or any r~ason fail fo keep the said prem~s?s so inwred, ot fail to deliver promptly any of said polrci=s of insurante to aaid MORTGAGEE, or f;.~l promptly to pay fu~;y any pre~nium ther~for or in a~y respec~ fait tu ~rform, ~;;ch;rg2, execure, effect, co~rp!ere, rpmply vv;~h and abide by this covenan~, o~ any parl hareof, sa~d MGRTGAGEE n,ay Fiace a~d pay for such insurance or a~y pa~t thereof withovt waiving or affecting any option, lien, equ~ty, or nght under o~ by virtue of this Mortgage, and thc f~!1 amounr of each and every such paymero shall be inunediatety due and payabte and shal! brar inten•st from the date the~eof until pa~d at the rate of n~ne per centum pe+ annum and to~~th:rr vv~th such inrerest shali be s~ured by Ihe tien of this mortga~e. t, T~ ~u•rmit, ~ommit or suffer no waste, impairmeN o~ de~erio~ation of said property or any part thereaf. 5. To pay all and singula~ the costs, charges and expenses, including a reasonable attorney's fee and costs of abstiacts oF titie, incurred or paid at any tin-:e by said MORiGAG:E, because or in ~he event oi the fa;ture on the pa~t of ~he :aid MOR7GAGOR to duly, prompfly and futly perform, d~scharge. e,~ecute, effep, complere, comply w~th and ab:de by each and every the st~pulations, agrec~nents, cond~t~ons, and covenanrs of sa~d p~om~ssory note a«d th~s ^~ortgage any or either, a~d sa:d costs, charges and expenses, eath and every, shall be immediately due and payabte; whether or naf ehere be notice d~ mand, atren~pt to co!lect or wir pend~ng; and the full amount of each and every such paymem shall bea. inferest from the date thereof until paid at the i~~e o` nine per trntum per an~~u.n; and au taid costs. charg~s and ea~enses incurred ot paid, togather wdh such interesl, shall be secured by the I~e~ of this mc•!gage. 6. That (a) i~ the event of any breach of this Morrgage or default on tM part oT the MORiGAGOR, or ;6? ~n tfie event any of sa;d sums of money herein referred to be not prompTty and fully paid within th~cty (30f days ~ext after the same severa:ty becorne d~e and payable, without demand or notice. or (c) io thr event each and every the stipulations, agreements, condit~ons and covenants of sa:d promissory nore and th;s mo~tgage any or e~ther are not ~~ly, promptly and futty pertormed, d,scharged, eaecuted, etfected, completed, compl:ed wlth and ah~ded 5y, the~ in e~ther o~ any such event the said ag- ~regate sum mentioned in said promissory ncte tntn remaining unpa~d, with inte~e;t accrued, and all moneys secured hereby, Shatl betome due and pay abie forthwith, or rherea?rer, at ihe op!io~~ ot sa~d MURII,A(;FE, as fuiiy and compieieiy as it oi{ uf t~ic sacd sums cf r.:cr.ey titi•ere o*r3ina!ty s+~p~~;a+~d to be pald on wch dcy, anything in sa.d pro•n~ssory note or in this Mortgage to the co~~rary not„v;thstanding; and thereupo~ or thereafter at the opt~on of s::d MORTGAGEE, wirhout notice or demand, suit at taw or in equity, thereiore or thereairer begun, may be piosecu?ed as ~f ail moneys secured hcreby n_d matured pnor to its ~nstitution. , 7. That in the event that at the beginning of or at any time pending any suit upon tii~s Mo~tgage, or to fweclose it, or to reform it, o? to enforce payment of any claims hereunder, said MORTGAGEE shatl apply to the Cour~ having junsd:crion rhe~eof fcr the appointment of a Rece+ver, such Court shall icrshwfth appoint a rece:ver of said mortgaged property all and singutar, ind„d~ng all and sing~lar the income, proias, issues and revenues itom whatever s: •,rce derived, each and every of wh~ch, be;ng express~y understood, is 1~ereby mortgaged as ~f spec~f~cat~y set forth and destrebed in the granting and ~3bendum davses hereof, ar.d such Receiver shal! have a!1 fhe broad a~d effettive funct.ons and powers in a~ywise emrusted by a Court to a Receiver, and s..ch appointment sha11 be made by such Court as an admitred equity and a matter ~f absolute right to said MORTGAGEE, and without relerence to the a:ieqoacy or inadequacy oi the va(ue of the property mortgaged or to the so~vency or ~nso:vency of said MORiGAGOR or the defe~~dants, and that such ~1s, profits, inco.ne, issues and revenues shail be applied by such Receiver accord~ng to the iie~ or equity of said MORTGAGEE and the practice of such Court. ' 8. To duiy, prompt!y and fut~y per(or~n, d;s:harge, execute, e:fect, comptete, comply with and abide by each and every the stipulations, agreemenis, .ondiuons and covenants in sa~d promissory nofe and this mortgage set forth. 9. That in the e.•ent the ownzrship of the mortgaged premises, or any part thereof, becomes vested in a person othe~ than the MORTGAGOR, the :•.ORTGAGfE, i~s wccessors a:~d assi3ns, may, w~rhout no•ice to the MORTGAOR, deal wifh such successor or successor in interest w~th referznce to this ~co-rgage arsd the debi he~eby secu~ed in the same manr.ei as with Mortgagor without in any way vitiating or dstharging the Mortgagors' liability here- Lnder or upo~ the debt hereby sew~ed. No sale oi the premises hereby mo~tgaged ar.d no fo~bearence on the part of the ?hORTGAGEE or its successors ar assigns and no extensbn of the timc fo+ the paymem of the debt h~reby secured given by the IUIORTGAGEE or its successws or ass;gns, ahall operate ro re!ease, d~scharge, mod~fy change or affect the orig~nal liao~l,ty of ~he MORTGAGOR herein, either in whole or in part. 10. It is spet:ficaiiy agreed that time is of the essence of th~s comract and that no waiver of any obGganon hereunder or of the obligation se- cured hereby shai~ at ar,y time thereafte~ be he:d ro be a waivcr of the terms hereof or of fhe instrument secured herby. I1. In acid tio ~ to the forego n~ montt~'y E;aym~nts of princ pal and inrerest reqvired by the p~om sery no'e secured hereby, mortga~~r eovenants r,d agrees to ;;ay to mctgagee v.~th each ~nonfhly payr.:ent an add~o~ona! sum est:mated b~r mortgagee to be equa! to 1 12 of the ann~a{ co;t of the follow- , A-All rea! propery tax_s le.;_d or assessed ag~i•~st the above desv~bcd r~•af estate. B-Pra~r;~u~;rs an f~re and w%r~dsronn insurar~e as here~n rcqu;red to be carried cn the lmproveme~ts srtuate on the abovc d~s~ribed premises. C-Premi~•• 5 e:i ~vch n:ort~,~ge guaranty icsura~.te as mortgagee snall trom t:me to time d~em fit to carry on the loan Secured hereby. 1.lertgagee s~,, i?•c~n t~~ne to r~~,e nonfy ,~,crrgagor m wrlting of the arrou~t due and payable hereundar and wch s~:n shai{ thereupon be due and . ya61e on the ;f~z ci.;?e of rFe next r;onth:y payrt enf an~ each successive momh thereafter w.Ni mcrtgagee shall notify morigagor of a cFange in sucF o~nr. $uch wms sFa:i be aF:p:ied by mcrtyag.e to•n•ard the payment of real property taxes, insurance prem.vms, a~~d mortgage guara~ty insu?ance ~•erniums. ~'~IiP1ES5 :YHERiQF, the sa7~ IJIORTGAGOR has hereurto set his hand and sca~ tbe day and year (irst aforesaid. Si ed, Sealed d eliver ' the~resence of: ~ ~ ~l~~ll'--L~~ ,~2~L.c.~-a.__ rSEaq (Seal) ~ '~~5~1-A = ~s r'~---~~1-1~--- (Seal) - ~'eresa H. Brown ~seaij :;ATE OP fIpRIDA ~ ~OUtJ)Y OF St . LUCle ~ 1 Beipe me pe~sonally appeared R1C~laYCI H. BrOWTI and ~@reSa H. Brown his wife, to me well known and known to me to be !h~ individuals descr;bed in and wha executed the foregoing instrvment, and acknowledged before me that they executed the same for the purposes iherein eapressed. And the s~~d________ TeXQSc'i H. $=OWp :::fe of the said R1C~IdrC~ H Brown upan a separate and privafe c.amina!~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumem freely and votun- ~;niy and w~lhout any comp~lsion, constraint, apprehens~on, Qt fear of or from her said husband. r WITNE$$ my hand and offic;al seal this__ ~ A day of ~C~O~r A. 0. 19~_ ~ / /L'./~~ ~tic " and for t State of Florida at targe Return To: MY• Commissi expires: , G~ ~ ys 73 First Federal Savings 3 Loan Associaflo~ Np-rARY PCBLIC STA7E OF FLORIOA AT LAR(,E of Fo~r P~.ce. •+t My (`,p}AM1SS10N EXPIRES AUG. 6. 1975 ro~r P~a,cc. Fior,d~ tiEN~RALINSURANCEUNDERWRITERS.INC. ' .-~j~ - f tp ~AhF~UM~y~~~° This Instrument Prepared By Gary F. Ellwooc~,' tij s~~UCI~ y'~`i~~~ C First Federal Savings 8~ Loan Association ~ < f 1~04~~':.u~t `{~~Ri ~ ' C~ER~ j of Fort Pierce ~ Florida - ' ~ + ~ ~~~4~~~~•.~f Ep ' : "c- ;1= 9 ~ - Checked By ~ ~ ~ , '1Z a.rr~l~... ~ aiic~~ ~ 2399'71 . dz ~~x~~~:.: ~~k~~~ ~F'C'-.t~.'~. N _ - . _ ` c