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To place and ccntinuo~sly keep on the bui:d~~~gs now or hereafter ~~t~a~e on sa~d ~and and on a!i eq~~p~nent ar.d penonally covered by Ihis mo~tg- oge, with all prem~ums thrrcon pa:d in f~il, Lre ins~rance in the usval sta~xfard poGCy form, in a wm approvcd by ~he MORiGAGEE, and wuidstorm ~nsvrance In Ihe usual •~andard pol.cy Ewm, in a sum appro,~ed by the MORTGAGfE, in such tompany or compan~es as the MORiGAGEE may direct; snd al) (i~s and w~~ds~orm inswar+ce po~icies on ~ny oi sa~d build~~~gs, any iNerest therein o~ pa.t thzreof, in the aggrega~e sum aforesaid or in excefs thereo(, shall contain the usval s~andarJ mortgagae dause or such o~her clause as the Mo~tgagre n~ay requ:re, making ihe loss unde~ sa~d po~i- des, each and every. payab~e to said MJRTGAGEE as ~~s ~nferrs~ may appaar, and each a~d every such poi~cy shail be prompHy au gned a~~d det;vrred ~o any held by u~d MORiGAGEE as iunher secu~ity ?o sa~d mor~gage d~b~, and, not less 1ha~ ten (1~) days in ad:ance of the exp~~at~on of each poGcy, ro de- liver to said MORTGAGEE a renewat thereof, togNher with a rece~pt for ~he premium of such renewal; and there shail be rw i;re or windsto:~n inwrance plated on ~ny of seid build~ngs, any intereat therein w part thereof, unlesa in ~he form and with the to:s payoble as a(oresaid; and in the event any sum of monQy becomei payable uodrr such policy w pofties said MORTGAGEE shall Aave the optw~ to receive and apply the sa~ne on acco~nt oi the ind~bt~d- ness secured heroby or to permit sa~d MORTvAGORS ~o rrcriva a~x1 usa ii or ony aart thecea! tor ati:~:r p~:FOSrs. v:~~ti,_:_' !^...°,r ~~.:•~~~7 ~'~'p~'r- ' ing any equity, lirn a r~ght undr~ a by virtue of Ihis mo-tgage; and in the event sa:d MORTGAGORS shall fw any reason (ail to k~-ep tF~e sa:d premia~s so fns~red, or fail !o deliver promptly any of said poi~~ies of iowran~e to se~d MORTGAGEE, or fa~: p:as:ptiY F~Y }~•~Y ~nY F'c•`~!~'•n !t~e~eior w?n any ~espect fail to per(orm, d~scharge, e:ecute, efiect, comp~eta, co^~p~y wirh and abide by this covenan~, or any part hareoi, Said MGRTGAGEE may p~atc a~~d pay for such insu.ance or any part ~hereot wi~hout waiving w a(Fecring any option, tien, equ~ty, o~ right under or by virtue of fhts Mor~gage, and the tull amouM of each and every such paymrM shall be immediately due and payab~e and sfiall bear interes? from tha date thereof unril pa~d at the ~aie ol n~ne per centum per ann~m a~ed to~ethcr with suth interest shali be set~~ed by the lien Of this mwlgage. 1. To permit, commit w suffer no waste, impairmcnt w deter~orat~on of sa~d property w any part thereof. S. To pay all and singular the costs, charges and expense:, fndud~ng a reasonable attaney's fee and costs of absvacts of t1t!e, incur.ed o~ paid at nny time by said MORiGAG:E, because or in the event of the failure on the part of the said MORTGPGOR to duly, pro~»ptly and fully prrform, d~scharge. execute, effett, complete, comply w~th and ab.de by each and every the stipu~a~~ons, agrerments, co~ditions, and covenants of sa~d p~o~n„sory note and ih~s rnortqsge any or either, and sa~d tosts, charges and expenses, each and every, shall be immediately due and payab!e; wherher o~ not there be norice dr mand, anem.pt to co11ec1 or suit pending; and the fut! amou~t of each and e+ery suth payment shall bca~ inferes~ t•^^~ a+~e ~h~rPOf untii paid at the r.,re of n~ne per centum per anuum; end all said costs, cnarges and expenses incurred w pa~d, toge~Aer w~th such interest, sha:l be secured by the lien of th~~ mortgage. 6. That (a) in the evenf of a~y breach of this Mortgage or defaull on the part of the MORTGAGOR, or (b) in the event any of aa:d sums of money herein reterred to be not prompfly and fully paid within th~rty (30) days next afte~ the same se~era!fy bec~ne due and payabte, w~~hout demand or not~ce, or in the event each and every the st~pu,auons, agreements, cond~f~ons a~d covenants of sa,d promissory note and th,s mortgage any or ei~her are no! ~uly, promptly and ful~y pe~formed, d,xharged, esecuted, effected, completed, compi~ed wi!h and ab~ded 5y, Ihen in e;ther w any such evem ~he sa~d a9~ gregate sum mentioned in said promissory nete then remaining unpaid, with interest accrued, and all moneys securrd hereby, shall t~ecome due and pay 3 a5'.e forthwith, or thereaiter, at the option of sa~d 610RTGAGEE, as fuily and tomp:etely aa if all of the said sums oS money vrere onginaily st~p~~a~ed ro be pald on such day, anythir.g in sa:d prornlssory note or in this Mortgage to the con~rary ~otwiths~andi:~g; and there~pon or thrreafter at the ophon of sj~o MORTGAGEE, w~thovt not~cz or demand, suit at law or in equity, therefore or thereafte~ begun, may be prosecuted as if all moneys secured hereby nad matured prror to As institut~on. - 7. That in tF+e event that at the beginning 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 claims hereundar, said MORTGAGEE shall apply to the tourf havinq ~ur~sd.ct~on rhereof fw ~he appo~mment of a Receive~, such Court shail Fcrthwith appoint a receiver of said mortgaged property all and singular, inci~d,ng atl and si~gular the income, p~of~ts, issues bnd revenues from whateve~ source derived, each and every of wh~ch, it be~ng expressly underuood, ia F.ereby mertgaged as if spec~fically sN. for~h and described in the granting and habendum dauses hereof, and wch Receive~ shali have a~l ~he tuoad and effecr~ve funcr,ons ar.d powe~s in anywise entrusted by a Cou~t to a Receiver, and s.,ch appoinrme~~t shall be made by such ~ou~t as an admitted eq~ity and a matter of absotute ngnt to said MORTGAGEE, and witf~out refe~ence to the ad~yuacy or inadequacy of the vatue ef the property mongeged or to the so,vrncy or ~nsolvency of sa~d RAORTGAGOR o~ the defendants, and that such renn, profits, income, issues and revenues shall be applied by such Receiver accordmg to the lien w eq~ity of said MORTGAGEE and ihe practice o( such Court. - 8. To du:y, promptly and luily perform, discharge, ezecute, effect, compiete, cortiply wirh and abide by eacfi and every the stipulations, agreements, c~nditions and covenanrs in said p~omissory note and this mortgage set forth. 9. That in the avent the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the _ ;'pQTGAGEE, its successws and ass~gns, may, without nofice to the MORTGAOR, deal with such successo~ or successor in interest with reterence to this n orrgage and the d>bt hereby secured in the same manner as wnh btortgagor w~thout irt any way vit+ating or d~scharaing Ii~e Alortyoyors' iiability her¢- ;;nder or upon the debt hereby secu+ed. ka sale of the F+e~n~ses hereby mortgaged and no forbearance on the part of the ~AORTGAGEE or its wccessors o~ assigns and no exrens~on of the iime for the paymem of the debt hereby secured g~ven by the MORiGAGEE or its successon or ass~9ns, a,~all operate 3 io re~ease, d:scharge, modify change or affect the o~ig~nal liau~trty of the MQRiGAGOR here~n, either in whole o~ in part. _ 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obl~garion hereunder or of the obligation x- ? cured hereby shah at any ti,re thrreafter be hetd to be a wai~er of the terms hereof or oi the instrument secured he~by. ~ 11. In add•tlcn to rhe forego ng monrn!y payr.,anrs of prin: pal and inTerest req~~~red by fi:e prom'ssory noee sec~+ed herrby, mortga~or covenanis f ~ d ag.ees ro pay ro r.,ortgagee v.~~h each n,cn!h~y pay~.:ent an add:r~onal svm ~s! ~:ated by mortg3gee to be equal to 1 12 of the annual cost of the fo~low- A-Alt real prope.ry laaes lev~ed or assessed agai•,st thc above described real estate. ~ ~ B-Prert::u~:~s on fire and windsto~m insvrar.~e as here~n requ~red to be carned e~ the improve~ne~is situate on the above described premi:es. 'i C-Prem~ums on sucn mortgage guaranty ir.w: a~ .e as mo~!gagee shail fro r. t me io t~me deem f~t to carry on the loan secured hereby. Mortgagee sha~l f~om t~me to t~me ncti(y mcrrg,gcr ~n writ~ng of the a~~ou~t d~e and payable hereunder and such sur„ sha~i thereupon be due and ' ~ ; 3yable on the due dere of the next n,onth'y payment and each suctessive rno^Sh thereaft~r ur.til mertgagee sh3!i not~fy mortgagor of a change in such ; ~ o~~t. $uch sums sha;l be apE~'~ed by mortgag~:e tov.ard the payment of real propeny taxes, ins~rance prem:ums, a~~d mortgage guaranly insurance ,:~emiums. j IN WITNESS ':+HcREOF, the said 11l RTGAGOR has hereunto set his hand and seai the day and year first aforesaid_ ' 3 ~ ~ 4 gned, Sealed and de " e in t presence of: /I y~~ ! ? ,/,t. , 1 - ~Sean ~ - ~ -Bo-r e~ a 3 - ~ 71~3 ~ ~ ~ Lillie Mae Bolden ~~ai~ ~ ~ ~ S'ATE OF FLORIDA ~ SS_ ~ COUN7Y OF _ 1 ~ Before me personally appeared Walter Bolden a~ ~ Li 11 ie Mae BOI(~QA _ his w~ie, to me weU known and kno•Nn to me to be q the individua~s described in and who executed the foregoing instrument, and acknow~edged befwe me that they executed the same for the purposes ` Lillie Ma.e Bolden ~ therein expressed. And the said ` +.~fe of the said Walter Bolden a separate and private ~ e.am~nation by me taken separate and apart from her said husband, acknowi ed to and before me that she eaecuted said insir~ni,lredy and vo(um , ~ ra-,ly and without any computsio~, constraint, app:eh ns;or~,Lor fear of or fro her id husband. r~ ~ Decembez. ~ WITNE55 my hand and offic~al seal this__- ~ day of .~1,-~~f~•lYS.-=:= ti; ~ , , Notary Publit in and r the St te,of FIQc'~!s ~t lsr~0e - _ _ My Commission e:pi s ~ ~ - - Return To: • ~ ~ V j ' - ' i First Pederal Savings 3 loan Associatlon : . ' ~ ~ Of Fort P erce r;~~~~•...,,, .••~~r\: ~ Fort P~erce. Flci:da " ~ RfC~0f1 t T•,t F,` ~ u,c u , cou~tr r ` CIERK ~ ~AO:~~tI= d~ RECORO YfR~~f~ t~ ` This Instrument Prepared By J. W. Collins {y First Federal Savings 8 loan Association ~~r yRt of Fort Pierce F lozi da a~'TI n F Checked By ~ y:~~?~ ~L~ L:.~~ • = 24433 ~ 1 ~ ~ _ ~ ~ ~ : - - - - - - , _ . y y~ ~ , : „:r-~