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To place and COnt+nuJC3~y keep on she 6u~:ci~cg~ nuw or ha~a;ftrr s:t,;ate on sa~d land and on al~ rry.~iy~»rnt and ~xnond!ly covr~ed by this mortg- ege, w~th al~ prem+u,~u thereon pa.d ~n full, ti~a ins~ra~~~e In ~ne us~ai srandard pot~cy form, in a s~m appro~ed by rha n1e~RiGAGtE, and w~ndsto~m ~nsu~ance in the us~al s~ande~d pol,cy iorm, in a sum approved by the MORTGAGEE, in such tompany or tompan~es as the h10RlGAGEE may direU; and all fire a~~d w.ndstorm insurance poi~c~es on any o( s~~d build~ngs, any in~eres~ therein or part thercol, in dhe aggregare s~m afo~esaid o~ in eacess thereoi, shaH ;onr,,~n the uwer standa~d mortg~gte dause or iuch o~hm cl~use as ~he Mortgayee may req~:re, making ihe ~ozs undar ~,~d polh t~es, each and ev~~y, pa;~:,'e to sa~d .~1JRiGAvEE as ~~s ~merrst may appear, and each and every svch pa:~c~ ihall be promptty assg~,rd a~~d de~i~ar~d to any held by s.+~d ti10R~GAGEE as funh~r a~w~ity to said mongaye debt, and, rot tess than ten (!0) days :n ad..~nce oi thr exp~rat~on oi each policy, to de- Lver to sa~d MORiGAGEE a renev.~al therrof, togethar wah a rece~pt for ?he pre~n~um of such renev~a~; and there shall !~r ~ro f;re ar v.~~:ds~o~~n inwrance placed on any o4 saiJ oui:d~ngs, any interest Iherem w part thereoF, unless in ~he to~m and w~th th@ iou payable as afore:a~d; and i~~ ~he eve»I any svm of monay beco:~~es payabte unde~ s~ch po'icy or pul~c:es saiJ h!ORIGAGEE shall have ~he opt~on to receivr and apNly ihr sa>»e on accou:~t of ~he inJeu~~d- ness secwed harNby o~ ~o prrn~~t sa~d MORIGAGORS ro receiv~ and use it a an/ part thr:cof ior o:~~•-•r F.u:;.oses. ::Iriu~t ih o; ,;r ~~~~p..,r- ing a~y equny, Iaen o~ r~gM unde~ or by virtue of ~his morcgege; and in thz event sa d MORTGAGORS sha11 for any rcason {ai! to k~ep the sa~d premis_s so insured, o? fail to dr:i~cr p~wnplly any of sa~d policies of msurdnce to said MORiGAGEF, ot f.;~t promptly 1o pay fu~ty any p:e~~~~..m thrrefar or in any respeu (ait to perform, d~scharge, execute, efiec~, canptetr, con,ply with and ab~de by th~s covenant, or any parr harro(, s~rd MGRF'v}:GEE may p:ece ano pay foi iuch insur.,nce or any part fhe~eof withou~ waiving or affecting any option, Gen, equ[ty, or n9ht under o~ by v~~~ue of ihis ti\c~tgage. and ~he full amount of ea:h and every such paymrN shall be im,ned~ately due and payabte snd shaH bear intcrest from the date ~~~c~cof un~i( p.,~d at fhe rate of mne per cent~rn per ann~~n „nd ro~rthrr v~~th such intar~st sha~i be sewred by the lien oI th~s mortgage. To permit, commit or sufte+ no wasle, impairm~nt or deter;oration of said property or any parl fhereof. 5. To pay all and s~ng~lar the costs, charges and expenses, including a reasonable attor.,ey's fee and costs of abstracts of tiNe, incurred or pa;d at any t~me by said ti!ORiGAGEE, 6ecause or in the event of the ia~iure on ihe part of the said MORTGAGOR to du~y, pro:~,ptty and iu~~y perform, d~scharge. execute, effect, co~np:=te, campty w~rh a~d ab:de by each and every the stipulanons, agreemants, condirio~~s, artd covenants of sa~d ptom~swry note and this n,ongage any or e~iher, and sa.d costs, chargzs and expenses, each and every, shall be immedlately due and payablz; wh~~her or not therp be no~~ce dr mand, attempt to co+led or suA pend~ng; and the full amount of each and e~ery wch payment shall bear interest irom iAe date thereof until pa~d at Ihe ~.:re o+ n~~ie prr cent;,m p~~r on:::..~~; an~ all said costs, charges and ca::enses incurred w paid, ~og~ther weh such interrst, shall be secured by ~he Gan of th~s mor fgage. 6. That (a) in tha avent of any breach of this Mortgage or default on th: part of the 6'.ORTGAGOR, or (b) in the event any of sa:d sums of money here~n ~efe~red to be not prompNy and fully pa:d within thuty (30) ~ays next at~er ~he same severa:ly becane due and payaLle, witho~~ demand or notice, cr in the event each and every the stipu~ations, agreemants, conditions and covenants of sa.d promisso:y note and th;s mortgage any or eAher are not i~:y, pro~nptty and iuity perior~n~~ci, d:s.harged, executed, effecred, completed, compl~ed w~th and ab+dz•d tiy, then in e~t~er M any such evero 1he sa~d ag- ~~egate sum menNe:~ed in said prom;ssory nore then remaining unpaid, with interest accrued, and atl moneys secured hereby, sha11 betome due and pay- a:,.e forthn6rh, or thereaftrr, at the opr~on of said MORTGAGEE, as fully and compleiely as it all of tl~e said s~ms of money were onginal~y sGpu:ated ro 5e pa:d on such d~y, anything in sa.d prom~ssory note w in this Mortgage to the contrary notw~thstand;ng; and tt~reupon or ?hereafter at ehe option of sa:d h10RTt'iAGEE, without not~ce or demand, au~t at law or in equity, therefore or thereafter begun, may be prosewted as if all moneys secured hereby n~d marured pnor ro its inst~tutron. 7. Tha~ in the evant that at fhe beginn~ng of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to re(orm it, or to enforce payment of any uaims hzreunder, said MORTGAGEE shail apply to the Cour~ having ~ur~sd~ct~on thereof for the appomtment of a Rece~ver, such Casr~ shaii iorthwith appo~nt a receiver of said mortgaged property a!1 and singvla?, includ,ng all a~:d v~igo~ar the income, profds, issues ar.d revenues from whatever source derived. each and every of v.h~ch, it bzing expresaly undersioocf, is hereby morrgaged as if spec.ficatly set ferih and described in the granf~ng and h.~.endum uauses hereof, and such Receive: sha11 have alt the broad and effective funct.ons and powe:s in anywise entrusted by a Coun fo a Rece~Ver, a~~d s_ch apFoinfinent shali be made by wch Co~rt as an admitted equity and a matte~ of absol~te r~gM to said h10RTGAGEE, and w~fhout re~erence to the ad>q~a.y or inadcq~acy of the value of the property mongaged or to the so~venty or ~nsowency of said MORiGAGOR or thr defe~~dants, and that such ra•,+s, proiits, income, issues and revenues shall be appl~ed by such ~Receiver accurd,ng ~o the lien or equAy of said MORTGAGLE ond the prachce of such Court. 8. To duty, prompNy and fully periorm, discha~ge, execute, eifect, complete, comply with and abide by each and every the stipufations, ag~eements. c~ndrtions and ccvenants m sa~d promissory note and th[s mortgage se~ forrh. 9. That in the event the ovfnersh~p oi the mortgaged p~emises, w any part thereof, becomes vested in a person othe? than the MORTGAGOR, the .'ORTGAGEE, i» successors and ass~ans, may, without notice to tne htORTGAOR, dral wrth such successor or successor in interest wi~h refcre~ce to this n•orrga~e ard fhe d_bt hereby sew~ed in the same manner as w~th Mcrtgagor wrthout in any way vir~ating or d~scha~g~ng the l.Aorrgagori liabit~ty t~ere- ~~,der or upon the d~ht hereo~ secured. No saie oi the premises hereby mortgaged and no forbearance on the pan of the fAORiGAGEE or its successors or ass~gns and no exfer~s~on of the t:me for rhe paymem ot the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, atiall operate ~o re+ease, d~scharge, mod~fy change o~ affect the o~igmal l;au~iny of tbe MORiGAGOR Aerein, either in whole or in pa:t. 10. I? is spec~f;ca{ly ag.eed that t:rne is of the essence af this contract and that no waiver of any obligat~on hereunder or of the obligaYan se- c~~red hereby sha!t at am~ time rhereafter be he:d to be a woive: of the terms hareof or of the instrument sec~red herby, 1 L In add:t~o~ ec f1:e forego:ng rr,onth:y payments of princ pa! and inre~est requ~red 6y the promfssery nore s=,ured hereb~, mortgagor ~ovenants e•,d agrees •o pay to n:ortyagee ~ith each month~y pa7rnenf an add~uonal sum est~mared b~ mortg~gee to be equai to l; 12 of the annual cost of the follow- ,y: A-Ait real property taxes lev~~d or ass~ssed aga~•,st thc above desc.ibed real estate_ ~ , & Pre:~.:u ~,s on f~re and v~indsrorm ins~rarce as nzre~n r~u~red to be ca•ried on th~ :mprovemenes siruate on the above dascrif;ed p~emises. C-Pre~n~,;rns on such morig~ge 9uaranty ir.suraoce as mortgagee shall from ~~me ~o ume deem fit to carry on thp loan secured hereby. Alortgagee she i Srom timz to tirr:e notify moncagor in writ~ng of the arro~nt duz and payabte hereundar and wch surn shal! thereupon be due and c s,able on Ihr dve dyre of thz next mo:~thiy paymem and each successive mor.th thereafter urtit mortgagee shal! notify mortgagor of a change in such ' -.ov~t. $uch sums sha:! be app:ied by mortgagee toward the payment of real prcperty taxes, insure te prem;ums, and mortyage guaranty insurance •~•err.~ums. IN V1i:NESS ~"1HEREOf. the sa~d MORTGAGCR has hereur~to set his hand and seat the day a y r rsf aforesaid. ' S~gned, SeaSed and detiv~d in the presence of: ~ /1LED Ak.~ KECD DEO f ~ ;q~~~_~ ` fT, ~UGi[ cOUNTr fl?• 2.~~ ;s~ap i - ~ I I O C E R P J ti T 1 t? S U e a v i d Bowe ~ C I ERK t~ ~OiT i,0ilRT Q p,~ (Seaq ~ % Rf CORi) Vrp, F1~J ~ ! L~'-l~Z {5ea1) ; ' X=-_- ~L-- C=-C Advira Bowe ' ~ p~c 6 8 sz aM'~2 «a~, I S+ATE OF FLORlDA ~ u. ~431'72 s ~OUNTY Of St .=~"uC1Q ~ ~ Before me personalty appeared Ulee David BOWQ and ~ _gdY1Za BOWe his w~fe, to me well known and known to me to be ~ th~ individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same ior the purposes = Advi~a Bowe ~herein expressed. A~d the said f ~ .~+~!e of the sa~d Ulee ~V ld BOME upo~ a separate and private exa~i~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that ahe executed said instrument freely and volun- f ra,~fy and ,ritthout any com~uision, constrai~t, ,a~j reh/ens~on, or fear of or fr her said husband. ; WlTNE55 my hand and off:cial seal this T~L~ _ day of . p_ ~q_~ i ~/~t } . ~ t- l.i L` - ' l' . r , ~'No~ary Public in and for the S o4 F1br" at Large 3 ~ % My Comm~ssion expires: ~ ; • _ . - Rerurn To: KOTARY=PttB~C. $rATE of FLO~lp~.~{~~ First Federal Savings 3 toan Associatlon ,,,y C~~x, Of F~rt P: rca. IFES ~~,•ixP AEC. 2q,' 1975 ~~onOeY ~~raenert! In;ura~G~ UpQ~titarl. for: P~.,.:e. Flor~d3 v' ~ ~ ; ' ' ~ ' ` ~r 4 ` ~ ~ - 7 s This Instrument Prepared 8y John W. Collins 1~ 3 First Federal Savings & Loan Association of Fort Pierce, Florida . ~ Checked By , ~ 800x 208 ~~E 2288 ~ 3 i ~ ? / ) _ ~.L_~ ~ . ~ ~ ~ ~.'~¢:~"`w~-'~ ,h ` - -a'~ 35 -.r_'`_~ .,r';...~`"`--~~.... ..~-r _ . . , g~.