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To place and continuously keep on the bui'd~ngs now or he~eafter siluate on said ~and and on a~l eq,,ip~na~t and perso~alty cove~ed by this mo~tg- age, wifh all premiums ~hereon pa~d in iull, lire ins~rance in the us~a: s~a~~ard po~~cy (orm, in a sum approved by the MOR(GAGEE, and windstam insurante in the usual uandard pol.ty iwm, in a sum appro~ed by ~he MORTGAGEE, such company o~ tompan~es as the MORTGAGEE may direct; and all fire and w~rxls~orm ~nw~ance po6urs on any af sa~d bu~~d~ngs, sny interest therein o~ part thereot, in the aggrega~e sum aforeiaid or In excess ~hereof, thall contain the us~al s~andard margagee clause or such oiher claute as the Mo~tgagee may requ~re, mak~ng the ~o» u~xlrr sa~d pot~ cies, each and every, payab!e to aa~d A10RTGAGEE as its interast may appear, and each and every such po:icy shatl t~e promptly asi g~rd a~~d deGvered to •ny held by sa~d MORiGAGEE as iurther security to sa~d mortgage debt, and, not less than fen (10) days in advance o~ ~hr expiral~on o! each pol~cy, to da liva to said MORTGAGEE a renewal thereof, toge~her with a rece~pt for tne p~emium of such renewal; a~~d ~he~e sh~Il be no f~re o~ ~vu~dstor~n insurance placetl on •ny of said buildings, any inte:est the~ein a pa~t thereof, unless in the (orm and with the loss pay~ble as afo~e~aid; and in tFu event any sum of monay bccomes payable under such policy or pol~c;es said MORTGAGEE shall have the option to receiYe and apply tha smne on account of t?~e ind~bted- oess secured hcreby w to permit said MORTGAGORS ro receive and use i1 or any pa~t tt~:eof for o:i.~r pUrF.JSfS, v+~~~~~~t ih:r,ui w~~.~.~3 or ~mpain ing any equ~ty, lien w r~ght under w by virtue of this mo:rgage; and i~ the event sa~d MORTGAGORS shall (o~ any reasw~ fa~l to keep ~he sa~d prem~ses so insured, or fail to del~ve~ promptiy any of said po~icies of insurance fo sa~d MORiGAGEE, or fail promptly 1o pay fully any p~e~~~i;,~n ~herefor o~ in any reapect iail to perfwm, d~scharge, exrcute, ef(etr, complete, comply wiih and abide by thts covenant, or a~y part hereof, sa~d MGRTGAGEE may piate a~~d pay iw such imurance o~ any part thereof without waiving or affecting any opt~on, lien, equ~ty, or r~ght under or by virtue oi this Mo~~gage, and the full arnount of each and every such paymem sha!! be immed~ately due and payable and shall bear interest lrom the date therc~f unril patd at the raTe of nine per centum per annum and to3ztlxr with such interest nhali be secured by the lien of this matgage. To permil, commit ot suffer no waste, impairment w deterioration of said property w any part thereof. 5. To pay aII and singular the costs, charges and expenses, including a reasonabie attwney's fee and cos~s of abstracts of titte, incurred o~ paid at any time by sa~d MORTGAG:E, because w in 1he e~eN of the failure on the part of the sa~d MOKIGAGOR to duly, pro-*~pNy and f~lly perfwm, d~xharge, execute, effect, complete, comply w~th and ab:de by each and every the st~pulanons, agreements, cond~tions, and covenants of said p~omisso~y note a~~d this mortgage any w eirher, and sa~d costs, charges a~d expenses, each and every, shall_ be immed~atety due and payable; wherner or not rhere be nor~ce dr mand, attempt to colled or suit pe~d~ng; and the futl amount of each and every such pryn,ent shall bear interes~ from ihe date thereof until paid at the rate o~ nine per centum per an~~um; and all said costs, charges and expensea incurred or paid, together w~th such interest, shall be secured by the tien of th~~ ma~gage. 6. ihat (a) in the.event of a~y breach of this Mortgage or default on tFn part of the MORTGAGOR, or (b) in the event eny of said sums of money herein referred to be not promptly and fully pa~d w~thi~ th~rty (30) days next after the same severa!+y become due and payabte, wi~hout demand or notice, or (c) in the event each and every the stiputations, agreements, cond~tions and covenants of sa d promiswry note and th~s mortgage any or either are nol ~uly, promptly and f~lly performed, d:scharged, executed, e(fected, completed, compGed w~th and a5lded 5y, then in d~her a any such event the sa~d ag- qregate sum rtxntioned in said prom~ssory note then remaining unpa~d, with interest accrued, and all moneys secured hereby, shall become due and pay- eble forthwitA, or thereaiter, at ~he oprion of said MORTGAGEE, as fully and completely as if all of the said sums of money were w~g~nally snp~;ated to be pa:d on such day, anything in sa:d p.om;ssory note or in this Mortgage to fhe conrrary notwithstanding; and there~po~ or lhereafter af the op~~on of said MORTGAGEE, w7rhout not:ce o~ demand, suit at law or in equity, therefae o+ thereafrer beg~n, may he prosecuted as if all ~noneys secured hereby ned matured pnw to ds institution. 7. That in tF+e event that at the beginn)ng of or at any time pending any suit upo~ this Morrgage, or to forectose it, or to teform it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shaii apply to the Court having jur~sd;ction tF.e~eof for the appointment of a Receiver, suth Court shal) Forthwith appoinl a receiver of said mortgaged property all and singular, includ:ng all and sing~lar the income, prof~ts, issues and revenues (rom whate~er source derived, each and every of wh~ch, it be~ng expressly undersrood, is hereby mortgaged as if spec~fically set forth and deuribed in the granting and habendum clauses hereof, a~d such Receiver sha11 have aIf the broad and effeaive f~nct~ons and powers in anyw~se entrusted by a Cou~~ to a Receiver, and s~ch appointment sha? be made by s~ch Court as an admitted equity and a matte? of absol~te right to said MORTGAGEE, and without re(erence to the adequacy w inadequacy of the value of the property mo~tgaged or to the so~vency or ~~sotventy o( said MORiGAGOR a the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Reteiver accord~nq to the tien or eq~ity oi said MORTGAGEE and the practite of such Courf. 8. To dvly, promptly and fully perform, discharge, execute, effect, complete, compiy with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note a~id this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vestec! in a person other tha~ the MORTGAGOR, the MORTGAGEE, its successors ar.d ass~gns, may, without notice to the MORTGAOR, deal with svch successor or successor in interest with reference to this mortgage and the d:ut hereby secured in the same manner as with ~Aortgagor without in any way vit:ati~g w d~scha:geng the l~lortqagors' liability here- under or upon ~he debt hereby sec~red. No sale of tt~e preR~~ses hereby mortgaged ard no forbearance on the part of the /AORiGAGfE or its successors or assigns and no extension of the time for the payment of the debt here6y secured 9iven by the M.ORTGAGEE or its successors or ass~gns, ahall operate to release, d~scharge, modify change or affect the original liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficatly agreed thaf time is of the essence of this contract and that no waiver of any obl~gation hereunder or of the obligatan se- tured hereby shall at any time thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. l l. In add•tion to the foregC ng nionthly payments of priu"pal and interest req~ired by the prom~sscry note secured hereby, mortgagor tovenanfs e~d agrees to pay to mo:tgagee v~ith each monthiy payrr.ent an add~~ional sum est~mared by mortgagee to be eqval to 1~ 12 of the annuat cost of the fo~low- ~ng: A-All real property taxrs levi~~ or assessed dg3i'1St the above described real estate. B-Premiurns on fire and viindstorm insurar.ce as nerein requ~red to be carried en the :mprovements situate on the above dascribed premises. C-Premiums on such mortgage guaranty insurar:ce as morrgagee sha;l from t~me to time deem fit to carry on the loan secured he~t~r~~•.~,,,,~~~ Mortgagee sha:l from t~me to time notify mortgagor in w~i!;ng of the amouM due and payable hereunder and s~ch s~:n shall jit~revpon be due F ayable on the due dare of the next monthty payment and each successive momh thereafter uari~ mortgagee s not~fy mo~tga~qOr of a~ ~~n suc~fi~ ~i,' ~~~uunt_ Such sums sha~l be app?ied by mor:gagee tov~ard the payment of real property taxes, insurance pScm; s, a~~d mort~age ~ '~t ~y~ • p~emiums. . ' ~ . ~ ' ~ : ; : IN WlTNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year fir afor sa . ~ I~ w E . ~ = Signed, Sealed eliv in the esence of: T1lYt1~~! 8 •T %r; r~/ : ~ ! flLf J Ak ~ nEC~?RaEO ' i ST.L+I~IC i.OUMTYFU. BY: '~;i ~'`3 ~ : t - ~ _ r ~ FC.~ , ~:.i~AS R ~ ~ CtE4tK ltitT COURT • . . i. G f - . - - L ~ .~.~~~s. ~~~i~M - ~se,q ~ - ` n~~' ~ ~ 118Y 1~! y 24 A11 l 29~L294 . STATE OF FLORIDA COUNTY OF ST. lUC1E ~ Nove~ber I HEREBY CERTIFY, That on this day of , A. D. 19-~~, before me personally appeared Robert F. N2?Ch ~x respectively President ield~c 9~i0iyc , of ~ T~j~~y Builde~cs, InC. , a Florida Corporation, to me ~ known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and thet rt~ey~. . ~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed of s~l ~rp~s~i` ~ ~~r.-. `-s;~ WITNESS my hand and official seal at Fort Pierce , said n an st te. ~ • _ ' . ~ ?his instruas~t prepased by Richard K. Kayes ~-r~. ~ Fizst Redesal Savings and Loan AssoCiatia~otary Publi , in and for Sta e a d County afot~esajd. .J u'=' ~ of Fort PilZC@~ Rlollda My Commission Expires: 9 .~1 C J;=, cr ~ J- ~J rQ •.~c' ~ ~ j..,•': ~ 7 Checked By~ ~ 800X ~VO Y~CE 1U~t ~ ~ ls ~ - - - - - - . r~^- t S ~ i ` - ~ ~ _ ~ ' ~ ~ _ . ~y -x~~~~~~ ~ . . R