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To place and continuously keep on the bui!dings rtow w hereaite~ ~ituate on said Isnd and on all equipment and personally covered by lhis ma age, with all p~emiums tt~ereon pa~d in (ull, fire insurance in the usual standard potity form, in a sum approved b'y the MORfGAGEE, and winds~o ~nsurance in the us~al atandard pol;cy ionn, in a wm ap~+roved by tha ~MORTGAGEE, in such tornpany or companies a~ the MORTGAGEE m d~rect; and all fire and windstorm insurance poiiues on any of said build~ngs, sny interest therein or pa~t thereof, i~ the aggregate sum atoiesaid in excess thzreof, shall contain ?he usual sta~edard mongagee clause o~ suth other tlause as the Mortgagee may requ~re, making the loss under sa~d po ues, each and every, payable to said h10RTGAGEE as its iroerest may ap{xar, and each and eve~y such policy shall be prompUy ass gned and delivered ~ ~ eny held by sa~d MOR(GAGEE as fu~?her aeturity to said mortgage debt, artd, not leu than ten (10) days in advance of the expirat~on of each pol~cy, to d~ I~~er to said MORTGAGEE a renewal thereof, toge~her with a receipt for the premium oi such renewal; and there shall be no f~re or winds~o~m insuranc ; placed on any of said buildings, any intcrest therein or part thereof, unless i~ the form and with the loss payab~e as aforesaid; and in the event any iun of money becornes payable under such policy w pol~cies said MORTGAGEf shall have the op~~on ?o ~ece~ve and appiy ti~e same on accoun~ of the indebt~d ness secured hereby or to permit sa~d MORTGAGORS ro?eceive and use it or any part thereof for o:n_r purposes, w~~hoot th_~co~ ~v,:rvi:~3 or m~pair ing any equ~ty, lien or ~ight under or by victue of this mo:!gage; and in the event said MORTGAGORS shall :or any ~eaw~ fail to keep the said premisrs so ~niu~ed, or (ail to de~iver promptly any of said pol~cies of insurante to said MORTGAGEE, or iail promptly to pay fully any prem~u~n ~herefor or in a~y respect fail to perfam, d~scharge, execute, eitect, comptete, comply with and abide by this cove~anf, or any part hereof, said MORTGAGEE may place a~d ~ pay ior such insurance or any part ihereof withaul waiving or affecNng any aµtiati, liPn, z~u:i„ or r€ghs u^ac.• cr by virtut of this Mortgage, and the ful! amount of each and every s~ch payment shalt be immediately due and payable and shall bear interest from tha date the~eof until paid at the rate ol n~ne pe~ ce~tum per annum and to~rther ~nith such interest shall be srcured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioratio~ of said property or any part thereaf. 5_ To pay all and singular the costs, charges and expenses, including a reaso~able attaney's fee and costs of abstracts of title, inc~~zcd or paid at any ti,ne by said MORTGAG:E, because or in the event of the failure on the part of the said MORTGAGOR to duly, pranptly and fully perto~m, d~uharge. execute, efieu, complete, co~nply w~th and ab:de by each and every the stipulations, agreements, conditions, and covenants oi said promissory note and this n,ortgage any or either, and sa:d costs, charges and expenses, each and eve~y, shall be immediately due and payable; whether or not there be notice dr mand, atten,pt to collect o~ suit Rend~ng; and the full amouN oi each and every such paymero shall bear interesl irom Ihe date thereof uroil paid at the +.~~r o~ nine per cent~m per ann~m; and all said costs, charges and expenses incur~ed or paid, together w~th suth interest, shall be setured by the lien of thii .._rtgjge 6. That (a) in the event of any b~each of lhis AAortgage or default on the part of the MORTGAGOR, or (b) in the eve~t any of sa:d sums of money hc~ein reierred to be not pro+nptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) in thr event each and every ~he stipulatio~s, agreements, conditions and covenants ot sa~d promissory note and th~s mortgage any or either are not ~uly, promptly and iully performed, discharged, executed, effected, completed, complied with and abided yy, then i~ either or any such event the said ag gregate sum mentioned in said promissory note then remaini~g unpaed, with interest accrued, and all moneys secured hereby, shall become due and pay ao'.e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as i( all of ~he said sums of money were o+~g~nally st~pulated i ~o be pa;d on such day, anything in sa:d promissory note a in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the option of + s,:d MORTGAGEE, without notice or demand, suit at law w in equity, therefore w thereaiter begun, may be prosecuted as if all moneys secured hereby n.,d matured pnor to 1ts institution. ~ 7, That in the event that at the 6egin~ing of or at any time pending any suit upon this Mortgage, or to foreclose it, w fo reform it, or to enforce ~ payment-of any daims hereu~der, said 1dORTGAGEE shall appty to the Court having jurisdiction thereot for fhe appomtment of a Receiver, such Co~n shalt ~ rorthwith appoint a receiver of said mortgaged property all and singula?, includ~ng all and singular the income, prof~ts, issues and revenuea from whatever seurce derived, each and every of which, it being expressly understood, is hereby mortgaged as if speufically set fath and dexribed in the granting and t:.~bendum clavses hereof, and such Receiver shall have all the broad a~d effective funct~ons and powers in anywise entrusted by a Cou~t to a Receiver, and s, ch appointment shatl be made by such Co~rt as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and withcut reference to the auequacy or inadequacy of the vatue of Ihe property mortgaged or to the so~vency or insoiventy of said MORiGAGOR or the defendants, and that such rcnrs, profits, incane, issues and revenues shatl be applied by such Receiver according to the lien w equity ot said MORTGAGEE and the practice of such ~ Court. ~ 8. To duly, promptly and fully perform, d~scharge, execute, effect. complete, comply with and abide by each and every the stipulations, agreements, ~ conditions and covenants in sa~d promissory note and this mortgage set fwth. 9. that in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other fhan the IAORTGAGOR, the ~',ORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deat with s~ch successor w successor in interest with reference to this ~ o~tgage and the d_bt hereby secured in the same manner as w~th Mo~tgagor without in any way vitiating a discharging the 1Jbrtgagors' liability here- ; ~:~~der or upon the debt hereby sewred. No sale of the Fremises hereby mortgaged and no forbearante on the part of the MORiGAGEE w its successors ~ or assigns and no extens~on of the time for the payment of the debt hereby secured given by Ihe MORTGAGEE or its successws w auigns, a~~all operate ~ ro re!ease, d~scharge, modify change er affect the original liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spedfically agreed that time is of the essence of this contrac~ and that no waiver of any obligation hereunder or of the ob~igation se- cured hereby shall at any ?ime thereafter be held to be a waiver of the terms hereof or of the instrument secvred herby. 11. In addnio~ to the iorego n9 month!y paym~ms of p.i~c'pal and interest required by the prom[ssory no!e secured hereby, mortgagor covenants ,•:d agr~es to pay ro mortgagee with each monthiy payrnent an addi~ional sum est~mated by mortgagee to be equal to l~ 12 of the annual cost of the follow- ~ A-All reai property taxzs levie~' or assessed against the above described real estate. j B-pr:n;iu:ns on fire and windsto~m insurante as herein requ~red to be tarried on the improvemeits situate on the above destribed premises. I . C-Pre:ni~n~s on wch mortgage guaranty ir.s~rar~ce as mortgagee shall from t[me to time deem fit to carry on the loan secured hereby. E Mortgagee sha;l from time to ti~ne not~fy ~nortgagor in writi~g of the amount due and payable hereunder and such sum shall thereupo~ be due and I c~,able on the due da•e of the neat month:y payment and each successive month thereaficr ur,til mcrtgagee shall ~otify mortgagor of a thange in such ~ ,.~unt. Such wms sha;l be app:ied by mortgagee toward the payment of ~eal property taxes, insurance prem;~ms, a~xl mortgage guara~ty inwrance ; •emwms. ~ IN \'lITNESS LYHEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day artd ear first afo esaid_ S~~ned, ale~tt•;and delivered in the presence of: sS~ ~P -e 5~-- Sea4 6 I a4 ` - ° ~ ~ ~ i Seal) (Seal) 57diE OF FLORIDA ~ St . L~1C1@ S5. COUNTY OF 1 Before me personatly appeared ~nry G. Riegler, .1Z. and Marilynn K Riegler Ais wife, to me well knqvu.~an~Jjnownto.rue to be rhe individuals described in and who executed the fwegoing instrument, and acknowtedged befwe me that they exet+rt'e~ th$, 3ame.'fq~ the pNrposes ~ ~ , . P Marilynn K Rieqler 1' ~ rh~rein ex ressed_ And tha said ~ - 4 - - r„r~ of the sa~a Henry G. Riegler~ Jr t-~. _ Y~b~~r~~;?d Axam~nation by me taken separate and apart from her said husband, atknowledged to and before me that she exeNted,'sai~instrumerit~retly ahd volun- ra-~~y and without any compulsion, constraint, apprehension, ot fear of or from her said husband. ' ~ ' : ~ ~ WITNESS my hand and official seal thi~ 2~Lh day of ~t0 ~ J, A.~ D. 19~ ' ! 7~ ~ J 1 Notary Public in and for t Sj~1f' Gf, f~' a• i~lar9e ' ~ My Commiuion expires: ~ ~ ~ ' ~ } ~ Return To: NOTART PU~fC, STATE 01 FLORIDA d LARGE First Federal Savings ~ loan Association • ~ ~ MY COMMISSIOM EXPIRES SEPT. 25, 1975 ~ Of Fort P;e~ce. ~b~ ~ ~n~ ~ Fort P~erte. Florida fILED AN4 RECOROEO St. aOG~ck~?017RASU. This Instrument Prepared By RiCha=d K. Kayes CIERI~ C~d'vUtT COURT ~ ; First Federal Savings & Loan Association RE~OPDYr^'=tED~ of Fort Pierce ~ Florida f p~ Z~I 8 4s AH'7Z ~ Checked By 24426'7 60GK 207 ~ac~ 1342 . ~ _ ~ ~ - ~