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To place a~d continuo~•sty {,Eep on the bui'd~ngs now o~ herraftar situate on sa~d tand and on aR eq~ipinznt and personally covt~ed by this mortg- age, with all piemiwns thereon pa d~n t~tl, fire ~nswance in ihe ~suai standard po!ity form, in a s~m aHprored by the MOR~GAGEE, and w~ndsto~m ~~surance in Ihe ua~al stand~rd poLcy (orm, in a sum approved by the h10RTGAGEE, in such company or compjn~es as ~he ti10RTGAGEE may direcl: and all iire and w;ndsrorm insurance po~~c~es on any of sa+d build:ngs, any imerest the~ein or part thrreo(. in the a~gregafe sum aforesaid o~ in excess th~reof, shall co~ta~n ~he uiual standard mor~g~gea dause or such o~ixr clauu as fhe Mo~fyagee may ~eq;..re, making thr iois u~~drr s.~~d poti- ues, each and every, payab!e io safd h~JRTGAGEE as ~~s fnt~~e:t m~y appear, and each and e~e~y such pv~;cy sh,,N br ~,ro~»pry aas g~~~~d de:~.crcd io eny held by said MORiGAGEE as fur~her secv~ity ro aa~d mor~gage dabt, and. ~ot tess lhan ten (101 drrs in ad.ance of thr e,~p~rt~on oi each pot~cy, to de- Gver /o sa~d MORiGAGEE a rrnewal ti~ereof, togeiher with a rece~pt for the premium of such renewal; and ~here sfwil ba no 6re o~ wi~~dsre~+n i~,surance p~aced on any of sa~d b~itdings, any interes~ there;n w pan thereof, un~ess in the form and with the ~ois payob!e as aforesaid; and in the eveM any s~m of mpney becanes payabte under such policy or pol~cies said h10RTGAGEE shall have the oNr~on w rece~ve and app~y the sa~ne on accoum o( the ind-_bt~~d- ness aecured heieby w ~o permit aa~d MORfGAGORS to recrive and use it or any pan tf~rre~f for o:<<c•r ~;u~, :.s~•s, ~h ,:r ing any equ~ty, I~en w right under or by virtue of this mo~e9age; and in the event sald 1NORTGAGORS sfia!1 fo~ any rrason fail to kecp ~he sa~d pre~n~n_s so insured, or }ail to deEivrr p~omptly any of said pol~ties of insuran~Q to sa~d MORTGAGEE, or fai! promptly fo pay (u~ty an~ prr~~~wm therefor or +n a~~ respect fai) to per(o~m, d~scharge, execufe, effect, complete, comply with and a5ide by this coaenant, o~ any part he~eof, sa~d M~RivAGEE may p~ace a~~d pay for such insurance or any part thereof ~,vi~hout waiving w affecTi~g any option, lirn, equ~ty, o~ righ~ u~der or b~r v~rrue of thls Mo~~gaga, and ~hc full a~nount of each and every such paymem shall be immediately due and payable and sha!! bem intarest t~om the date theraoi until p~~d at the rate o1 n~rx per centum per annum and togrth=r wirh such inRr~st sha~i be secured by 1he lien of th~s mortgage. 1. To permit, commil or suf(er no waste, impairment pr deteciorat;on of said property or any part thereof. 5. To pay all and singutar the costs, charges and expenses, including a~easonable attorney's fee and costs ot abstracts oi titfe, inc~r.ed or pa~d at any tirne by said MORiGQG:E, because or in ~he event of rha fa~iure on the part of the said MORTGAGOR to d~ty, pro~nptly ard fuily perform, d~sti~arge. execute, e(iect, complete, comply w~th and ab:dz by each and every the stipulanons, agreements, condnions, and covenan~s of sa+d prom~;sory note and ~h~~ mortgage any or e~~her, and sa;d costs, charges and expenses, each and every, shaU be immediately due and payabte; whether qr not fhere be not;cr da mand, attempt to co~lect or suit pend~ng; and the full amounl of each and e~ery such payment shail bear intereat from the date thereof ~mil pa~d at Ihe r,~te Jf nine per tentum pcr an~w:n; an~ al{ sa~d tosts, charges and expe~~ses incurred or paid, togetF~er w,th wch interest, shall be secured by the i~en of thii mOrtgagO. 6_ Tha1 (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ~b) in the event any of sald sums of money herein referreti to be not promptly and fully pa~d with~n thuty (30) days next aiter ~he same severa•.ty become due and payable, wi~hau~ demand or ootice, or (c) in the event eath and every the stipu~aNOns, agreeme~vs, canditio~s and covertants of sa d promisso~y notr and th.s mortgage any o~ e~ther are no1 ~uly, promptly and ivlIy per(ormed, d+scharg~~d, e:ec~ted, effected, compteted, complied with and ab~ded `+y, then in e~ther w any such event the sa~d ag ~regate sum mentioned in said promnsory note Ihen remaining unpaid, with interest acu~ed, and alt moneys secured hereby, sha!! becv.ae dve and pay abiz forlh.virh, or th~eaiter, at the opriow of sa~d MORTGAGEE, as fully and completely as ii all of the said s~ms of money were or.g~natly st~p~lated tc be pa~d on such day, anything in sa:d pronussory note or in this Mortgage to the co~trary ~otwi~hstandu,g; and thereupon or ther~afier a~ the opt~on of sa~d MORTGAGff, w~rhout nonce or demand, suit at law or in equity, the~efwe a the~eatter beg~n. may be prosecuted as if ell moneys secured hereby nad matured pnor to ~ts institution. 7. That in the event that at the beginn~ng of or at any time pending any su~t upon ~his Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims here~nd~r, said MORiGAGEf shall apply to the Court havir,g ~urisd:crion thereof fw the appo~ntment of a Receive~, such ~ourt shail Ferthwith appoint a receiver of sa~ti mortgaged property all and sir.gular, includ~ng alf and s~ngu~ar„lhe income, proh!s, issues and revenues irom whatever source derived, e~ch end every of ~vh:ch, it be~ng eapressly understood, is hereby mongaged as if spec,ir.acly set (onh and deuribed ia the granring and habendum clauses hereof, and such Receiver shail have al! the broad and effecrive (unct,ons and powers in anywise e•~:rusted by a Court to a Receiver, a~~d wch appoiroment shall be made by such Court as an admifted equity and a maue~ of absolute right to sa~d MORiGAGEE, a~d without reference to the adaq~acy or inadequacy of the value of the property mortgaged or to the so~vency o~ ~nsotvency of sa~d Il.ORiGAGOR or the defzndants, and ~hat such ienrs, profits, income, issues and revenues shaii be appfied by wch Receiver accord~~~g to the tien or equity of said MORiGAGEE and the praulce of such Court. 8. To duly, prompt:y and futty perform, discha~ge, execute, eflect, compiete, comply w;th and abide by each and every the st;~ulafions, agreements, cenditions and covenants in sa~d promissory note and th~s mortgage set forth. 9. That in the event the ownership of ~he mortgaged premises, o~ a~y part therrof, becomea vested in a person other than the MORTGAGpR, the _ M1'~ORTGAGEE, its svccesso~s and assigns, may, without no~ice to the MORTGAOR, deal wi~h such successor w su~cessor in interest w~rh reference ro thi~ mo~tgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiating or d~scha~ging the Mortgagors' liabitity here- ur.der or upon the de6t hereby sec~red. No sale of the Fremises hereby mo~tgaged and no forbearance on the put of the IJIORTGAGEE w its successors oi ass~gns and r.o exre~sion o? :he rime for rhe paymen! of the debt hereby secured given by the MOR7GAGEE or its successors or ass~gns, s;~ali operate to release, d~scharge, modify ~hange or affect the orig~nal liabii~ty of the MORTGAGQR herein, either in whole a in part. 10. It is specifically agreed that time is of the essence of this contract ar.d that no waiver of any obt;gat~on here~nder or of the obligation se- cvred hereby shatl at any time thereafter be hetd fo be a vvaiver of the terms hereof or oI the instrument secured herby. T 1. In add:tios ro the forego ng monsh!y paymenls of princ pal and imerest requ~red by the prom:ssory no!r secu•ed hereb~, mortgagar covenants and agreet to pay to n:o•tgagee v~i~h each mo~~thly payn~ent an add~riona! sum esnmated by mo~tgagee to be equal to 1 12 oi the annual cost of the foltow- ing: " A-Rlt reai property taxrs 1e•~~ed w assessed agai•,sr rhe abave desvibed rra! esta!e. B-Premiu~ns on fire and windstonr, insurac~e as herein requ:red to be carried on the ;mp~ovemeats s;tuata on th: above described ptemises. C-Premiu~. s on such mortgage guaranty ir.surar.ce as mortgagee shail from. t me to t~~ne deem fit to tarry on the loan secured hereby. Mortgagee shafl from time to time notify mortgagcr in writ~ng of the amou~~ ~ue and payable hereundrr and such surn shail thereupon be due and ~.~yable on the due date of the next month:~r payment and each successive month tnereaft~r ur.til mcrtgagee shall not:fy mortgagor of a change in such ~~:oum. Such wms shall be appiied by mortgagee tovvard tfie payment of real property taxes, insvrartce prem;ums, and mortgage guaranty insurante r. ~emiums. !N ~•~17NESS :':HfREOF, thQ s~~d MORTGAGOR has hereunto set his har.d and scal the day ar?~~e first aforesaid. t', Signed, Sealed an tiver in the presenc of: i / 2 .~L,i Gs' i~ary Y • (Sea!) ~ .J L- i5eal) . (Seal) ora , ur i~ STATE OF FIORIDA ~ COJNTY OF St. LLLCle ~ 1 Before me personally appeared Lvman B CLiZ L 1 S a~d F lora B. CLil" t 15 his wife, to me well knawn and kqown to me to be the individuals described in and who executed the foregoing instrumenf, and atknowtedged befwe me fhat they executed the samb,~ foc,l~~,purposes rherein expresxd. And the said__- FIOZd B. Ci2Z t 15 . ' w~fe of the said - L~fIDall 8 Q1Yt.15 upon ar'seEarete' eitH' ~itiite examination by me taken separate a~d apart from her sa+d hvsband, atk~owtedged to a~d before me that she eaecuted said T~(/ume~+I freely a~yo~Wr rarily and w~ihout any compu~sion, constraint, appreh n o~kpr fear of or from her said husband. , - ; f~ , : : WITP~ESS my hand and officiat seai this- - day of OV@IL~@! - .A. D.'19~ ~ v _ ~ v j d - Notary PubYc in a for e St tG )Vida ar~a~gn•~ ~ My Comm~ssion expires: - Return io: 3 ~ ~ ~ _ . . first federal Savings 6 loan Aszociation ~ Of fort P:e-t?. Fort Pier~e, florida fllEfl ANC RECOROfO 5?• LUCfE COUMTY FlA_ ROCEn ?~~TRAS This Instrument Prepared ByR. L. Callahan CIERR C''.:,~I~ ~OURT First Federal Savings & Loan Association R~Ct'~i~ vf~.~-'.0 of Fort Pierce~ Flozida~ UM~ I~ p 31 ~N ~q~ ~ iwr o ~ Checked By ~ 2420'76 ~ BORK 2O~ P~lGE 7~ ~ ~ _ - _ - - ~ ~ ~ T~'~~~"~ , ,"~x- ` . ~ . . ~ ~ : ~ ~ ~ . _ ~ .~~"~v~ . _ ~ '