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To place and continuously keep on the bu~!d~ngs now or hereafter ait~ate on sa~d tand and ort a!t equiprneN and personally cove~ed by this mor rge, w+th all pren~;ums fhereon pa,d In 1uI1, fire insurance ~n the usual standard polity form, in a sum aHproved by the MOR~GAGEE, and wi~~d'ato ~nwrance in the usual uandard pol.cy fo~~», in a sum approved by the MORTGAGEE, in such ca~npany or compan~es as the MORTGAGFE m • u~~ect; and alt fire ard w;ndstcrm insuranc.: pol+t+es on any oi said.build~ngs, any interest the~ein or part thereof, in the aggregate sum aforesaid in excess thereof, shall :oNain the ususl sf~~~dard mortgagae clause or such othe~ clause as the Alortyagee may requlre, making tha losa undrr sa~d po Ges, eath and every, payab~e ~o said A10RTGAGEE as i~r. interest may appear, and each and e~ery such po:~ty shaU be promptly assgned and delivered ~ any held 6y sa~d I:IORIGAGEE as fw~h~r secu~ity to said mortgage debt, and, not less Ihan ten (101 days in adlance oi the expirafion oi each pot~cy, fo d. Gver to said h10RTGAGEE a renewal thereof, toge~her with a rete~pt for the prrmium of such renewal; and ~here shall be ~o F~re o~ winds~o~m i»w~anc p~3ced o~ any of said bvildi; :;s, any intcrest there~n or part thereof, unless in the form and with the toss payabte as afo~esaid; and in the e~ent any sun of money becomes payab:e under wch pollcy o~ po6cies sa~d MORiGAvEE ahall have the opt~on ro reo:~:~~ er.d ap{,!y the same on accow» o( the i~idrbtrd ness secured heraby or to permit said MORTGAGORS to recrive and use it w any pa.t thareoi fw o:~~~ r Hur;.cs~•s, :.~~ir~,;t ih;•~ u~ ~v~iv~.~~ onp~ir ing any equ~ty, lien w r~9ht under a by virtue of this mortgaqe; and in the event said MO~TGAGORS sha!I for any reason fail ~o keep the said premis~~s so insured, o~ fail to deliver promptly any of said policirs of insurance ro said MORTGAGEE, or foii p:cmptiy to pay fu~ly any pr~rnium therefor or in any respect fail ro perform, d+zcharge, exrcute, effect, canptete, comply with and abide by ~his covenan~, or any part hareoi, said MGRivAGEE may place a~,o pay ior such insurance or any part thereof without waivi~g or affecting any optioo, lien, equ~ty, or rigM under or by virtue of this Morfgage, and the f~ti amount of each and every such payment shait be immediately due and payable and shai! bear interest from the date thercof until poid at the rate oi n~ne per cent~m per annum and to~ethar with such imerest shaU !>e secured by the lien o( this mortgage. 4. To permit, commit or s~ffer no waste, impairment w deterioration of said p;operty w any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reaso~able attorney's fee and costs of abstratls of title, incur~ed or paid at any time by sa~d MORfGAGfE, because w in the event of the fallure on the paif of ~he said MORTGAGOR to duly, promptly and futly perform, d~scharge. exr.~~e, effect, cemplete, comply w~th and ab:de by each and every the stipulanons, agreemeNS, cond~tions, and covenants of said promisso~y note and this ~~o~tgage any or e~ther, and sa:d costs, charges and expenses, each and every, shatl be immediately due and payable; whether or not fhere be notice d~ man~+, attempt to colled or suit pend~ng; and the ful) amount of each and every svch payment shall bear int.±rest from the date thereof until paid at the ~.rr o~ ninc per c.:n~um per ann,, ~r, and a11 sa~d cosrs, charges and ex~enses incu~red or paid, together ~vnh such interest, shail be secured by the ~ien of th~f motlgage. 6. That (a) in tbe event of any breach of this Mortgage or drfault or~ tM part of the MORTGAGOR, or ;b) in the evenf any of sa;d sums of money h_rein referred to be not prompUy and ful~y paid within thirty (30) days ~ext after the same severally become due and payable, wiihout demand or notice, er (q in thr event each and every the stipu~ations, ayreements, cond+rions and covenanu of sa,d promisso~y note and th~s mortgage any or ei~her aie not iuly, prompily and f~lly performed, d.scharged, execu~ed, effected, compteted, compGed wish and ab~d~d 5y, then in e~ther w any such evem the sa~d ag ~~egate sum mentio~tied in said prom~ssory note then ramaining unpaid, with intere,t accrued, and a~l morieys sewred he~eby, shal) become due and pay- ab:e forthwilh, or thereafter, at the option of sa~d MORTGAGEE, as fully and comptetely as if all of the sa~d sums of money were or;ginally st~pulated to be pe:d on such d~y, anything in sa:d p~om~ssory oote or in lhis Mortgage to the contrary not.vithstand!ng; and thereupon or thereafter ~ the opnon of s-~:d MORTGAGfE, wrthout nor~ce or demand, wrt at !aw o? in equity, fhe~eFore or thereafrer begun, may be prosecuted as if all moneys secured 1~ereby n•d matuted pnor to ~ts institution. 7_ Tha? in fF,~ eve~t ~hat at the beginn~ng of or at any time pending any suft upo~ this Mo•tgage. or to foreclost it, or to reform it, or to enforce F:ayment of any ctaims hereunder, said MOR7GAGEE shall apply to ihe Court hav+ng ~u.isd:ct:un thereof for the appointment of a Receiver, such Court shal{ fc~rhwith appo~nt a receiver of said mortgaged property a~l and singular, includmg all and s~ng~~ar the ir.come, profas, issues and revenues irom whatever s_ u•ce derived, each a~d every of wh~cfi, it being expressly understood, is hereby mongaged as ~f spec.f~caity set forth and destribed in rhe g~aniing and h..:.endum clauses hereof, and such Receiver shall have all the br~ad and effective funcf.ons and powcrs in anyw~ie.entrusted by a Court to a Receiver, and s_ ch appoinrment sha~! be made by such Coun as. a~rl admitted equity and a matrer of absolute r~gM to sald MORTGAGfE, and withevt reference to the a~i~qvacy or inadequacy of the value of ehe properfy mortgaged o~ to the so~vency or inso~vency o( said ~JtORiGAGOR or the defendams, and that such r~ ~is, profits, incane, issues and revenues shafl be•applied by such Receiver according to the iien or equity of said MORiGAGEE and the praUice of such Coutt. 8. To duiy, promptty and fulty perform, discharge, exec~te, effect, comple?e, compty with and abide by each and every the stipulations, agreements, ,~nd~tions and covenants m sa~d promissory note and th~s mo~tgage set forth. 9. That in the event the ownenhip of the~mortgaged premises, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the ~ ~RTGAI;EE, its successors and ass~gns, may, w~thout notice to the MORTGAOR, deal w~rh soch successor or successor in ~nterest w~th reterente to this r. o•rgage and the d_bt hereby secured i~ the same manner as with Mortgagor without in any way vit:ating or discharging the l~hortgagors' liability here- :ier or ~pon the debt hEreoy sec~red. No sa!r of the prem~ses hereby mortgaged and no forbearance on the pari of the MORTGAGEE or its successors cr ass~gns and no exrension of rhe finee fo~ the payment of the debf h~reby secured 9iven by the MORTGAGEE or its successws or ass~gns, a~~all operate ro release, d~scharge, modify change or affect the origmal Iiao:Gty of the MORTGAGOR herein, either in whole or in part. l0. It is spec~f~;ally agreed that t~me is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- cured hereby ihah at any fime thereafrer be hetd to be a waiver of the terms hereol or of !he instrumem secured he~by. l l. In ~d:l.t:c~ !o the forego"ng montMy F~ayments of princ pal and intrrest required by the prom'ssory nore sec~red hereby, morfgagor eovenants d agrees to pay to morty.agee vvith each monthiy pa~rnent an add~~ional sum est~:ated by mortgagee ro be equal to l, 12 oi the annual cost of the follow- 3: A-AIi r~ai property tares levfed or assesz_o ag-.3i•;sr the above descri5ed re-al estate. B-P.~:r;~v•~~s on fire and windvorm inwrarce as here~n req~~red to be carried on the improvemeits s;tuate on the above d:scrlbed premises. C-Premiums on such mortg;ge gua.enry insura.~ce as mortgagee shall from t~me to time deem fit to carry on the loan sec~red hereby. ~ Mortgagee shaEl f.om t~me to t~:•fe not~Sy morty-agor fn writmg of the amou~t due and payable hereundar and such surn shalt thereupon be due and ..ab!e on the dor oate of the next monthiy p~yment and each wccessive mo~th thereaftc~ uctil mertgagee shal! not~fy mortgagor of a change in such I;unt. $uch wms s~~a:f be app!ied by mortgagce toward the payment of real properry taxes, insurance prem:~ms, a~~d mortgage guara~ty insurance ? , emiums. , . i IN 1'~17NES5 bYHERiOF, the said MORTGAGOR has hsreu~to set his hand and sea) the day and y~ar first aforesaid. ~ Siqned, aled delivered in the presence of: ' / / ~ ' l ' - ~~>l cseaq v ,W . P nnin to • , - ~ 1-- ' J ~~~1~~~_~ t.~Lt.s...F.- - , a!) ` Katherine enningt t~a~~ Sir"1TE OF ELpR~Bll' ?IY9/~ / ~ . ~JU'JTY Of C~~""~~~ ~ / 1 ~ ~ ~ s Befwe me personatly appeared Pennington and Kather ine Z. Pennington his wife, to me well known and known to me to be rhe individuals described in and who executed the foregoing instrumerts, and acfenowtedged before me that they executed the same for rhe purposes nc~rein expressed. And the said Kather ine Z. Pennin tOll ~ • r~:{e of the said ~~~~ID. Pennington , upo~~'separatg''I prrvate ~aminarion by me taAen separate and apart irom he~ said husband, acknowledged to and before me that she executed sai¢ i~;Hument freely'~yo}uo- ~ ~~~iy and w~thout any compulsion, constraint, apprehensio~jJpr fear of or from her said husband. • J" ~ ~~~4~ ~ WITNE55 my hand and officiat seat this day of t~ r " - A. LY, g.~ 3 ~O v~ - . ~ . Notary Pu lic +n and e Staf@ , pr~j~ . My Commission expir % ~y,y ~ ' ~ Return To: • //~~5, ry~'/~~ „ 1 ' ~ ! i ~ c first Federol Savings b loan Associahon Of Fort P erce. ' " ~ Fort P~•=r~e. Flcrida • "~s... FILED AND RfCOROED ~ ~==~•:c;~ =T. ~UCtE COUNTY FIA. ROC"cR POITRAS ~ This Instrument Prepared By : J. H. Roberts~ Jr. GLERK CiRGU{T~A11Ai - Firsi Federal Savings 8 Loan Association RECORD YERI~IED...~J= . of Fort Pierce ~ Floz'ida 33450 . Checked By ~T 30 ~ 9 43 AM ~~Z ,~40894 2O7 r~GE2~68 ~ ~r~ . ; ~ - - - ~"`5~~3" :~,>'_*f~ 3 z, Y' .r~_e:.*y~§..: . . Y`„~.,^,.. J ~