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To place and continuous~y keep on the bui'J~ngs now or hereafter situate on said land and on aL' equipment and personaily covered by this mor ega, w~th all prrmiums th~reon pa:J ~n full, f~re ins~ra~,ce ~n ~he ~suai s~a~~ard poticy lorm, in a wm aHp~u~ed by the MOR~G%.GEE, a~,d w~nds~o mwrance in the usual s~3nd.~.d po,.cy ~or~n, in a su~n eppro:ed by the ~dORTGAGEE, in such co~npany o~ co~npan,es as the h10RiGAGEE m d~red; and all (ire ar.d w~nus~orm insurance po!~c~es on any of s~id b~ild~ngl, any intereat thcrcin or pa~l tf:rrroi, in the agg~•_gotc s~m aforesaid in excess thereoi, shall :ontain ~F~e uwol stand~rd mortgague clause or such other cla~se as Ihe ldortgagze may ~eq~,re, making the ioss und~~~ s.~J po cies, each and every, pa;:,b'e to sa~d A10RTGAGEE :.s ~~s int~r~~st may appear, and each a~id every such po:~cy sh,Il be pro~nptly ass gned ar~d delivered ~ any held by said MOR1GAGiE as (ur~har s~_cunty to sa~d n:ortgage debt. and, not ~ess Ihan ten (101 days in advance of ~he eap~ronon of each poGcy, to'd. Ilver to said MORTGAGEE a renewal ~hereof, ~o9ether with a ~ece~pt for the prem~um of suth renew~l; and ~here shal~ b° no fne ur wu.usw~~n insuranc placed on any of said buildmgs, any interest there~n or part thereof, unless in the form and with the ~~Sf payab(e as aforesaid; ard i~i the evenl any w~ of money becomes payeble ~nder s~ch NoGcy or pof,c~es s~id MORTGAGEE sha~l have the opt~on fo rece~vc :,nd apE!y te,n same on acco~nt ot the indab~ed ness securzd hrreby o~ to permu said 1hORTGAGORS to receive a:~d use it w any part th•_:•~of ior o:h~r ~.u~, .s~z, ::lii~~~.t th•~~:~: ::_~+~`7 c~ ~'~~P~~r ing any eq~~ty, I~en or right unde~ or by virtue of this morcgage; and in the evero ha:d A~ORTGAGORS shall 'o~ any ~eason fail fo krep the saiJ p~emises so ir.wred, or fail to de~iver prompNy any of said (w~~eies of ins~rance to said MORTGAGEE, or fai! p:omptly to ~,ay fu:ly any P~e'~LU~T thcrafor or in any respect fail to pesform, ~srk3+ge, axecutr, eifed, complete, comply wirh and abide by this covenant, or any pa:~ hareof, sa;d MGRTGAGEE may piace ano pay for wth insur,.nte or any part thereof wi~hout waiving or affecring any option, lien, eqv~ty, or r~ght under or uy virtue of th~s Mortgage, and the i~ii amo~m of eaciti enu e.e~y s.,~i~ N,y~~,.::;t shsl7 ba ~m ;ed:a:e!y uu~ u-~ :.3;35~P a"d s~'~~ ~'~,m ~ha date thercof u~vil pa~a a~ the rate ol n~ne per crN~m per ann~~n and to~ath~r •n~rth such int~~rest shaf~ be secured by the lien of this mortgage. d. To petmit, commit ot suffer no waste, iinpairment or deteriorat~on of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, induding a reasonable attomey's fee and custs of abstracts of title, inwrred or paid a1 any tin:e by sa~d h10RiGAG.E, beca~se or in the evem of ~he fa~lure on the part of the iaid MORTGAGOR to duly, promptly and f~lly peiform, d~scnarge, e.ecute, effect, canplete, compty wuh and ab de by each and every the stipulanons, agreements,~conditions, and covena~~ts of sa~d prornissory rtote and ~hli n,ortqage any o~ e~~her, and sa:d cosrs, charges and expenses, each and every, shall be immed~ately due and payabte; whether ur not there be noncr da n,and, aftempt to collect or s~it pend~n9; and rhe tull amount of each and every such paymem sh~l! bear interest from ihe date ihereof until paid al the ~.ne of n~ne pe~ c<-+rum prr a~uw.n; .:nc ail said wsts, d:arges and exNenses inturred or paid, togethe~ w~1h suth interest, shall be secured by Ihe tien of this rr~ortgage. 6. That (a) in the event oi any b~each of th~s Mortgage or default oo tt~ part ot the MORTGAGOR, or ;b) ~n the ev~nt any o( sa'd sums of mo~ey herein referrec~ to be ~ot promptiy an~ fully paid wifhin thuly (301 days next aiter the same severally become due and payable, witho~t demand or not:ce, er (c) in Iha event each and evrry 1he shp~;ations, agreements, co~editions and covenants of sa.d promissory note and tha mortgaae any w ei~her are nol iuly, promptly and fully perfor~ned, dscharg•_d, executed, effected, completed, compl~ed w~th and abided 5y, then in erther or any such event ihe sa~d ag- yreqate sum mentionev~ in Said pro~»issory no!e then remai~ing ~npaid, with intere;t accrued, and atl moneys secvred hereby, shall become due and pay- ao e forth.vith, o~ thereaftcr, at the op!~on of seid htORiGAGEE, as fvlly and completely as if af; ci th~• sa~d s~ms of money were ong~naily st~pulated to be pa:d on such dcy, anything in Sa,fl pf0~»~SSOfy note or ir, thiz ~dortqage to the contrary not,iv~thstanding; and ~hereupon or thereafteT at the opt~on of s~:d MORTGAGEE, witho~t nonce or demand, suit at law or in equity, therefore or thereafier beg~n, may he prosecuted as if all moneys secured hereby n:d matured prror to ~ts institution. 7. That in the e~ent inat at the beginn~ng of or at any time pending any su:t upon thrs Mortgage, or to foreclose it, or to reform it, or to enforce payment of any daims he•eundar, said MORTG<+GEE shall apply to ihe Court having junsd~dion thereot for the appo~ntment of a Rece~ver, such Court shail fcrth.vith appoint a rece~ver of said mortgag~d property all and singular, inclvd:ng a!I and singula~ the irtcon~e, prof~ts, iswes ar,d revenues from whatever scv~ce dcrived, eath and every of wh.ch, ~t being expressty understood, is hereby mortgaged as if spec:flcaily sef forth and destribed in the g~anting and F,~endum c!a~ses hereof, and s~ch Receiver shaU have all the broad and effettive f~nct,ons and powers in anyw~se entwsted by a Court ro a Ret~iver, ai:d s ch appo;nsment shatl be made by such Court as an admittrd equity and a matter of absolute right to sald A10RTGAGEE, a~~d withcut reference to the r.•:_~yuacy or inadequaty of the va:oe of the properry mongaged or to the so~vency or insolvency of sa:d_ NIORTGAGOR o~ the defendants, and that such «~~~s, profits, inco~ne, issues ar.d revenues shalf be appGed 6y such Receiver ac.ording to the Iien or eq~ity of said MORiGAGEE and the pracnce of such Court. 8. To duly, promptfy ar.d f~lly pe~form, discharge, execute, eifect, complete, comply wirh and abide by each and every the stipulaticns, agr¢~ments, o~ndit~ons and covenants in sa~d promissory note and Ihis mortgage set forth. 9. That in the eve:it the owne~ship of the mortgaged premises, or any part thereof, becomes vested in a pe:son other than the MORTGAGOR, the 'tORTGAGEE, its wccessors and ass~gns, may, wirhout noTice to the A10RTGAOR, deal with such wccessor or s~ccessor in ~merest with reference to this n o~tgage and the d_ut hereby secured in the same manne~ as with ~dortgagor without in any way vitlating or discharging the 111origagors' (iability her~ ~~,der or upon the d•_bt hereuy sewred. No sa'e of the premises hereby mortgaged and no fo~bearan~e on the pan oi the /dORTGAGEE or iis successors cr ass~gns and no eatens:on of the time ior the payment of the debt hereby secured 9~ven by the 110RTGAGEE or its successors ot asslgns, ahall operate _ii__. .ti' a~nDTI_A!'JlD 1.e.o'n ni~4wr in whnln nr in nwr?. w ~e~•ee~e, u~au~oiye. n~.iu~,~ C..B,~yc G! J-:y r~ . - . 1Q. It is spec~fically agreed that rime is of the essence of this contract and that no waive~ of any oN!~gat~on hereunder or of the eblgation sr cured hereby shali at any time th~rea~ter be held ro be a walver of the terms hereof or of the instrurnent secured he~by. 11. In ~cid r.c:~ ro th.~ forEgo n,onch!y payments of pri~c paI and intcrest re~u~red by the p~om ssery no~e secured hereb~, mortyagor eovenants d agrces to pay to ~-:c~taagce •.tirth each month-y pa~~..ent an add~rional sum est!n:ared by morryagee ro be eq~al to 1 12 of t,ie an~,ual cost of the foUow- A-AIt real prop:~rty ~a~~s lev~ed or asses:_•d au~~~~st thc a6ove descr~bed rea~ es~ate. B Pr~~n~u ns on hre and v:l~:dstorm ~nsurarce as ne~ein requ;red to be carried on the +m,,roveme~ts s~tvate on the above described prem~ses. C-Pre:ni~~r.s o~ such mon~_,ge gvaranty ir.zura~~ce as martgagee shaN from t me to timc deem fit to carry on the loan secured hereby. ! 1~Aortgagee sh,.! `~cm fune to tc±:e notef~ morry.;gor in writ;ng of the amou~t due and payable hereundrr and such suoi sha!I th~~reupon be due and ~ . ~:~hle on +he due d:.~e of ~he neKt month:y payment and each successive month thereafter ~ctil mortgagee shall notify mortgaqor of a change in such j ou~t. Such w~ns sha:l be app!ied by mortgagre'tov.ard the paymem of real property taxes, inwraiue prem:ums, and mortqage guaranty insurance ~ . ..~+nwms. ~ IN \'~ITNESS Lb'NER~OF, the sa~d MORTGAGOR has here~nto set his hand and seal the day and earffirst afo~esaid. Signed, Seated and delivered in the presence of: ~ ~ _ i,~-~, t iXt~ ,l6 (Seal) ~ ~ ` ~ ~ (Seal) ~O~Jr.n X . (Seal) ~ Y • • - (Seal) ,J S~ATE OF FLORIDA ~ St . Luc ie CJUNTY OF ~ Before me personally appeared Sherman FUtC~] and Rachel L. Futch his wife, to me well known and known to me fo be tt~e indivlduais descr~bed in and who executed the foregoing instrument, and acknowtedged before me that they executed the seme for the purposes ~herein expressed. And the said__PdC~l~l L.. ~'L1tCn ` ~ Shetm~3n FutCh u n a~ atb and rivate u r,~fe of the said _ - Pd PaL P c.am~nat;on by me ta4en separate and apart from her said husband, acknowledged to and before me that she executed s~it~inltf~ufYi nt ireel¢end volun- ra~,ly and wrtho~t any compvision, constraim, apprehension, or fear of or from her said husband. ` ; : ,72 WITNESS my hand and offic~al sea! this_ ~~f'~- day of Oc tober 1`• p. D: 19 ~ . , ` ~ Notary Public in and foa . of Florida'at arge ~ My Commission expires: • ~ ~ ~n m Retum To: NOTARY PUBL C STATE o( FLQRIDA at LARCE first Federal Savings E Loan Association ~ MIY COMMISSIOH EXPIRES SEPT. 25, 1975 ~ or F~~r P~•~•~. Bonded By Amerian Bankers Inwrance ~o. Fort Piorce, Flcride ~ ~ This Instrument Prepared By J. H. Robe rt s, J r. /!tED AMO ~E~4RD[~ First Federal Savings & loan Association i7.lUCiE C UNTY fl ~ of Fort Pierce , Floricia qpe,~R ~A1TIl~5 ~ ~0~^ Y~R~iF?sp ~~UIt1 REC Checked BY ~,T I ~ 4~ ~ aoo~207 ~~~1024 24Q~~~ 5 - - ~