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To place and continuously keep on the b~i:d~n9s now or hereafter e+tuate on said Iand and on aL' eqvipment and penonally cbvered by lhis ma age, w~th all premi~ms thercon pa:d in fu11, f~re ins~rance ~n the uwal standard po!ky form, in a wm approved by tha h10R~GAGEE, and w~nduo ;nsuranta in the usual ata;;dard po:.cy fo~m, in a wm approved by the MORTGAGEE, in sucfi co+npany or compan~es as the M02TGAGEE m dnec~; and all lire and w~nds~orm insu~ance polic~es on any of said build~ngs, any interest therein or part thrreof, in the Tgg~ega~e wm aforesaid fn excess ~hereof, shall ,on~sfn fhe uwal standard mor~gagee clause or wch othe~ dause as the Mo~tgagee may reqo~re, making thz loss undar sa~d po c~^s, each and every, pay~~!e to sa~d A10RTGAGEE ai its interest may appear, and eath and every such po~ic/ shall be promp~ly ass 9~ed and detivrred ~ eny held by sa~d l10RTGAGEE as further security to said n,ortgage debt, and, not less than ?en (l0) days in advance of the expira~~on of each poGCy, to d~ I~ver to said MORiGAGE~ a renewal thereof, together wiih a receipt for the premium of such ~enewai; and ~here shall be no f~re o~ windsto~m insuranc ptjced on any af sa~d b~i?d~ngs, any interesf there~n or part thereof, unless in the to~m and wish the loss payable as aforewid; and in the eveM any sun of money beco~nes payable under such policy or poticics said MORTGAGEE shall have the option to rece~ve a~~d spply the same on account o( the indebted ness secured hereby or ro permit sa~d ~~ORTGAGORS ro receive and use it or any part the:eof lor o:h• r~.w~ osrs. ~•:n1:o~~t ih:~~ u; ~vcw~ i~ or ~•~~r ,ng any equ~ty, Gen or right under or by virtue o1 this moc`gage; and in the eveN sa:d MORTGAGORS sha11 `.or any reason fail to kaep ~he sa~d premises so Insured. or fail to dzGver promptly any ot s~~d pol~cies of irtsurance lo said MORiGAGEE, or faii promptly to pay fu',ly any prem~um therefor or in a~y ~espect iail to perform, discharge, exewre, effec~, comptete, comply with and abide by th~s covenant, or any part hereof, said MGRT:,AGEE may piace a~d pay fw such insurance or any part thereof without waiving w affecting any opt~o~, lien, equ~ty, or ri~ht under or by virtue of this Mortgage, and thc full amount of Pach and eve+y s~ch payment shall be im,nediately due and payable and sha~l bear interes~ Irom ~M: datz thereoi until p.,id at the rate ol •une per cero~m per ann~m and tcgether with such iroerest shali be secured by the lien oi this mortgage. d. To permit, tommit or suffer no waste, impairment w deterioration o( said property or any part thereof. 5. To pay all and s~ngular ~he costs, charges and expenses, inci~ding a reasonab!e attorney's fee and costs of abstracts of title, incurred or paid at any tin:e by said M~RTvA ;:E, bccause or in the evero oi the fa~lure on ~he part of ~he said h10RTGAGOR 1o duly, promptly and futly pe~form, d~scharge. exccute, effeU, cwnplete, comp;y w~th and ab:de by each and every the stipulatlo~s, agreem.nts, conditiom, and covenants of said promissory note and this ,~ortgage any or e~~her, a~id sa.d costs, :harges and expenses, each and every, shall be immediately due and payable; whether or not there be ~otice d> mand, attempt 1o cotlect or suit pe~id~ng; and the full amoum of each and every such pavmem shall bear interest from ~he date thereof unlil paid a1 the ~~e o~ ~une per crntum E•rr a~,~w ~r, and all said costs, char~es and expenses irxurred w paid, togcther w~th such interest, shall be secured by the lien of this mortgage. b. That (a) in tha event of any breach of this Nlortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums oi money h~-rein referred to be ~ot promptly and fu~~y paid within thi~ty (30) days next a'tter the same severa~:y become due and payable, without demand or notite. cr ~c) in thr evero rach and every the st~pu:a~~ons, agreemems, cond~sions and cove~aMa of sa,d promissory note and th;s mortgage any or either are not ~u;y, promptly artd f~11y performed, d.scharg•_d. executed, elfeded, completed, complled with and ab~ded 5y, then ~n edher or any wch event the sald ag- ~-egate sum mentioned in said prom~ssory ncte then remaining unpaid, with interest accrued, and a~l moneys secured hereby, shall betome due and pay- ab.e forthwith, or thereafter, at the opf~on of said A50RTGAGEE, as fully and tomp;etely as if a~l of tl~r said su~ns of money were or~9inally sripulated to be pa~d on such day, anything in sa:d prorn~ssory note or in this Mortgage to the tontrary notwithstand~ng; and thereupon or thereafter at the opt~on of s~.d MORTGAGEE, without nonce or demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby r_d matured pnor to ds institution. 7, That in the event that at ~he beginn~ng~of or at any time pe:~:^g any sutt upon this Mortgage, a to foreclose it, or to refwm it, or to enforce ~;ayment of any claims hereur.der, said MORTGAGEE shall appiy 'o the Coun having jurnd~tlion ~he~~rol ior the ~ppo~ntment of a Receiver, wch Court shail fcrthwith appoint a receive~ of said mortgagEd properFy all and singu~ar, intlvd~ng all and singular the income, proLis, issues artd reven~es from whatever e:urce derived, each and every of wh~ch, it being expressty understood, is hereby mortgaged as if speuficaUy set forth and described in the granting and h;bendum clauses hereof, and s~ch Rece~ver slw~l have all the broad and effective func~~ons and potveis in anyw~se entrusted by a Caurt to a Receiver, and ; s_ch appointment sha(1 be made by such Court as an ad~nitted equity and a matter of absolute right ~3 sbid MORTGAGEE, anc~ witheut reference to the adequaty or inadeq~aty of the value of the property mortgaged or to the so:venty or ~nsoivency of said h10RTGAGOR or the defendants, and that such r_-~TS, profits, inco.ne, issues and revenues shall be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duiy, promptly and ful~y perform, d~scharge, ezec~te, e~fect, complete, comply with and abide by each and every the stipulations, agreements, cor~ditions and covenants ~n sa~d promissory note and th~s mortgage set forth_ 9. That in the event the ownership of the mortgaged premises, or any parf thereof, becornes vested in a pe~son other than the MORTGAGOR, the ti'ORTGAGEE, its successors and ass~gns, may, wi~hovt notice to the MORTGAOR, deal w~th such successor or successor :r. interest with referente to this n o~tgage and the deut hereby secured in the same manner as with Mortgago~ wrthout in any way vitiating or d~schar9ir,g the Mortgagori liability here- u~.d<r w upon the devt hereby secwed. No sa!e of the prem~ses hereby mortgaged and no forbearance on the part of the I~AORTGAGEE or its successors w ass~gns and no exrension of the fime for the payment of the debt hereby secured given by the MORTGAGEE or iu successors or ass~gns, ahall operate ~ ro re~eaze, dacharge, modify change or a(fect the original liab~lity of the MOR7GAGOR herein, either in whole or in part. ; 10. It is speuf~calfy aareed that time is of the essence of this contract a~d that no waiver of any obl~gat~on hereunder or of the obligation se- c~~red hereby shali at any tinse thereafter be hetd to be a vfaiver of the terms hereof or of the instrume~t secured herby. 1{. In aJd,t:ci eo the {orego ~~g n,onrh!y payments of Nrinc ~al and inrerest requ~red by the prom:sscry no!e secured hereb/, mortgagor eovenants ,-:d agr_es to pay to mortgagee v.~th each n:onth`.y pay~.~ent an add~~ional sum ~st~n:ated by mortgagee ro be eq~a! tc 1, 12 of the annual cost of the foilow- - A-A!I rea~ property taxas Icvi~d or assPssed agai•ist the above described real-estate. f B-Pr~:c~;,ms on fire and windstorrn insurar.ce as here~n requ~red to be carried on the improveme.~ts s~tuate on the above d=scribed premises. C-Prem~u~.~s o~ svch morrgage gua.anry ir.surance as mortgagee shall from t me to time deem fit to cany on the loan secvred hereby. i hlortgagee shail from ti~ne to tirne notify mortgagor in writing of the amount due and payable hereundar and such sum shall thereupon be due and ` ,,,able on the due date of th= next mo~th:~ payment and each successive momh thereafter unti! mortgagee shatl notify mortgagor of a change in such o~nt. Such sums sFa:f be apF::ied by mortgag_e toward the payment of real property taxes, insura~~ce prem:ums, and mortgage guaranty insurance ~ ~,~~e-niums. IN 1'~ITNESS 'NHER~OF, the said MORTGAGOR has hereunto set his hand and seaf the day and yeaf u-afor 'd Signed, Sealed and defivered in the presence of: _ ~ ' ~ ` ~ , (Seal) ~ (Seal) ~ (Seal) (Seal) Si;+TE OF FLORIDA ) St. Luci~ ~ ~ .OU'JTY OF ~ Befwe me personaliy appeared R• I-. Butchez and Exanna p. BUtChPf his wife, to me well known and known to me to be rh~ ind~viduats described in and who executed +he foregoing instrument, ~d acknowledged before me that they executed the same fw the purposes rherein expressed. And the :a~d_._Exanna P Buteher _ ;;;fe of the said I- • ~U tC~'1Pr upon a sepArate, ~ry~i/ivats e=am~nat~on by me taRen separate and apart from her said husband, acknowledged to and before me ihat she executed said instrumen ~+,111x~WOlun- ~a~~iy and w~thout any compuision, constraint, apprehensEon, w fear of or from her said husband. J~;.-• ~ v WlTNESS my hand and offiual seal this a~Z~ day of October p. 19~'~ ~ ~ ~ N y Public in and for the State .(pdda La~e ~ : Commission expires: J : ~ ~ Retum io: NOTARY PUB' I~~y)c' =;F~nt FIQ~DA ~t ~,ARGF ~ First federal Savings a loan Associat;on MY COMMISSt%~!Q~X: tRj.S .4 f_C:'~, lj7~j ( 4 Of Fort P trte eond~d TAru Gtn~rsla~sy~~~w~~ ~ } Fort Pi~rce, Flcrida 24~891 ~~,r~•. ~ ,1 r y FtLEO A1tp NEC R E~ sT. wc~E coup~r This Instrument Prepared By John lV. C'o 11 in s ROCER aOITRAS : First Federal Savings & Loan Association CLERK Ct~CU1T COURT RECORO VER+~IEO of Fort Pierce , Floric?a Checked By _ ~T 30 9 43 AN ~11 ,f k! ~v~ ~ z'i Js ~ ~ y,~::' - ~ -