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To place and continuously keep on the bui:dings now w he~eafter situate on said land and on all equipment and personally covered by this ma age, wiih all prem~ums thereon pa~d in fuli, iire insurance in the us~al standard po~icy form, i~ s sum approved by the MOR+GAGEE, and windato insurance in the usual standard pol;cy form, in a sum app~oved by ~he MORTGAGEE, in such company or companies as tho MORTGAGEE m direc~; and all fire and w~ndstorm insurance po~+ues on any of said build~ngs, any interest therein or part thereof, in ~he aggiega~e sum aforesaid in excess thereof, shall :ontain the usual sta~~dard mor~gagee clause w such other clause as the Mo~tgagee may requ+re, making the loss unde? sa~d po c~es, each ard every, payable to said h10RTGAGEE as its interest may appear, and each and eve~y iuch po~~cy shall be prompiiy ass 9ned and delivared ~ any held by sa~d MORTGAGEE as further sec•~rity to said mortgage debr, and, ~o~ less than ten (10) days in advance of the expiration of rach pot~cy, to d~ I~ver to said MORTGAGEE a renewal thereof, together with a reteipt for the p~emium of such renewal; and there shall be no i~~e or w~ndstorm inswant ; ptaced on any of said build~ngs, any interesf there~n or part thereof, unless in the form and with the loss payable as aforesa~d; and in the event any sun ~ of money becomes payable unde~ such polity w policies faid MORTGAGEE shall have the option to receive and apply the same o~ account of the indabted 4 ness secured hereby or to permit said MORTGAGORS to receive and use it w any pa~t thereof to~ o:ner p~rpases. .~.:~ho,:t th~~cu~ .va~vi.,3 er unp.iir ~ ing any equity, lien or righf under w by virtue of this mor!gage; and in the event said MORTGAGORS shal! fw any reason iai) to ktep the sa~d p~emisrs so insu~ed, or fail to deliver promptly any of said pol~cies of insurance to sa~d MORTGAGEE, or fail promptly to pay ful:y any pre~nium therefor or in any respect tail to pe.form, d~scharge, execute, efFect, complete, comply with and abide by this covenant, or any part hereof, sa~d MORT~AGEE may p~ace a~d pay fa such insurance or any part thereof without waiving or affecting any optior?, lien, equity, or right under w by virtue of this Mortgage, and ~he full amount of each and every s~ch paymenf shall be immediately due and psyable and shall bear interest from tha date thereof u~til pa~d at the rate of ~ n]ne ptr centum per annum and to~ether with such interest shaN be secured by the IiM of this mortgage. 1. To permit, commit or suffer no waste, lmpairment a deterioration ot said p~operty or any part thereof. S. To pay all and singular the costs, charges and expenses, includ~ng a reasonable attorney's fee and costs of abstracts of titte, incurred or paid at ~ any ti~ne by said MORIGAGEE, because or in the event of the fai{ure o~ the part of the said MORTGAGOR to duly, promptly and f~lly periorm, d~scharge, ~ execute, effect, compte~e, compfy w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants oi said promissory note and ~his morrgage any w e~ther, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whe~her or not there be notice de ~ mand, attempt to collect or suit pend~ng; and the full amount oi each and evEry suth paymeM shafi bear in!erest From ~he da~e thereof umil paid at the ~ ~.,re oF nine per cenrum ~,er anuum; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of thit nusrtga~e_ ' ~ 6. T}+at (a) in the event of any b+each of this Mortgage or defauft on ttw part of the MORTGAGOR, or ;b) in the event any of saFd sums of money herein referred to be not promptly and fully paid within thirty i30) days neat after the same seve~ally become due and payable, without demand or notice, or (c) in thr event each and every the stipulations, agreements, conditions a~d covenaNS of sa~d promissory note and th~s morlgage any or either are not iuly, promptly_and fully performed, d~schargad, executed, effected, completed, complied with and ab~ded 5y, then in e~ther or any such event the said ag greqate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and a~I moneys secured hereby, shatl become due and psy able forthwith, or thereafter, at the op~ion of said h10RiGAGEE, as iuliy and complerely as if alt of the said su~ns of money were a~g~na~ly st~pulated to be pa~d on such day, anything in sa;d promisswy note w in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the op~ion of sa:d MORTGAGEE, without ootice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pnor to its institution_ 7. That in the event that at the beginning of w at any .t+me pending any suit upon this Mo.tgage, or to foreclose if, or fo refam it, or to e~force - payment of any claims hereunder, said MORTGAGEE shall apply so the Court having jurisdittion thereof fot the appantment of a Receivet, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, includmg all and singular the irtcome, prof~ts, issues ar.d reven~es from whatever ; sovrce derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as if spec~fically set fath and deuribltl in,tAe g~anfing and f habendum clauses hereof, and such Receiver shalt have all the broad and efiective funct~ons and powers in any~vise entrusted by a Court to a Receiver, and ' s~ch appointment shall be made by such Co~rt as an admitted equify and a matter of absolute right to said MORTGAGEE, a~d without reference to the ~ adequaty w i~adequacy of the value of the property mortgaged or to the soivency or insotv~ncy o( sa~d MORTGAGOR or the defendants, and that such s renrs, profits, incam, issues and revenues shall be applied by such Receiver according to the lien or equity o( wid MORTGAGEE and the practice of such Courf. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ! conditwns a~ covenants ~n said promissory note and this mongage set forth. 4 9. That in the evenl the ownership of the mortgaged premises, w any part ihereof, becomes vested in a person other tnan the MORTGAGOR, the ~ ':,ORTGAGEE, its successors and assigns, may, w+?hout no~ice to the MORTGAOR, deat with such successor or successw in interest with reference to tl~is ~ n,ortgage and the debt hereby secured in the same manner as with Mo~tgagor without in any way vitiating or d~scharging the Mortgagon' ~iability her~ r under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fo~bearance on the part of the /hORTGAGEE w its successors ~ or a5signs and no extension of the time tw the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors or assigns, ahall operate ~ to release, diuharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- % cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. i 11. In add:tion to the foregol~9 month}y paymants of princ'pal and inte~est required by Ihe promissory note secured hereb?. mortyagor covenants ~~~d agrees to pay to mortgagee with each monrhty payn,ent an add~~ional sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the abave describcd real estate. ; ~ B-pren:i;~ms on fire and windstorm insurar.ce as herein requ~red to be tarried on the improvements s~tuate on the above described premises. ? C-Premiums on such mo~tgage guaranty ir.surar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ~ Mortga9ee sfia!1 irom time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and S f ; syable on the due ciate of the next month!y payment and eath successive month thereafter until mortgagee shall notify mortgagor of a thange in such : ~ a-•ount. Such sums sHall be aF~!iNi by mortgagee toward the payment of real property taxes, insurance prem;ums, aod mortgage guaraNy insurance ( ~ ;;~em' s. - r i WITNE55 V~HEREOF, th said~ORTGAGOR has hereunto set his hand and seal the day a ye first af s' l ~ • ned, Seated and del' red ' he presence f: i~ ~ ? . a~~ j (Seal) ' l a ~C. !L ' ~LU''G (Seal) Neta M. Davis ~s~,q Florida. S ~ ATE O0~lD!? ~01'~ZII~ ~ !t~ ~ COUNTY Of v~~ • uCt,C I Before me personally appeared W~d D ~dVla and ~ Neta M• ~c'~V15 his wife, to me well known and known to me to be ~ ~t;~ ~~yl;_.;y1~_~~ .I~~.;~.e.1 .y1;n o.o.~~*a.l ~M 4nrn.,nln., Gnctn~.n.nt. rnrl xk~~wlar~~o~ Fwforw me that they executed fhe SamC fOf f~1@ PUfDOSEi '~"__a _ . _ - ' therein expressed. And the said_ NQt3 M. ~3V1S w~fe of the said WaYCl D.~aV1S upon a separate.~d private ~ examination by me taken separate and apart from her said husband, atknowledged to and before me that she execvted said instrument frevly a~~tt~oluri- ` rarily and without any compulsion, constraint, apprehension~„/~pr fear of or from r s' husband. % ' ~ ~~7za day of October p, ~q~, WITNE55 my hand and offic~ai seal thi~ - 1 ~ ; 'S i . ~ ~ _ • _ ~ Notary PubGc in and i the 5(atb o~~ af-larye.~ v ~ My Commission expi . : : Retum Ta. - ; ; , e:-+, - ,;'d l, i e;7~.d " ' ; first Federal Savings ~ loan Association ' ~ ~ 'i : : Of fort Pierce. ~l LrP".:~:,-~ . i .}I~ ~ 1 _ ~ ~ ~iu,lrS~ vJ i.:.::5 ~-,r c.:f.I~~:"t ti•! ~ Fort Pierte, florida I`o - ~ S 1 " . , f ED AM6 aEC~RO~ . ~ ~ This Instrument Prepared By J. H. Roberts ~~CIE COUN f• First Federal Savings & Loan Association ItOCE~ POtTRAB of Fort Pierce , Florida ~~ERR ~~~CU1T C011RT..~C~ ; REC0~0 VERiFIEO.~--= Checked ey ~t 2¦f a 4S 1~? , z~~ozs8 . o~oK207 ~~E~.344 i t- . . 1~ - - - -