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To ptac~ and continuously keep on the build~ngs now a he~eaite~ ~iruate on said Isnd and on all equipment and personally covered by thi~ mor~g- sgs, wi~h a~l premium~ thareoe~ pa~d in full, (~.e i~eurance in ~he usual itandard pol~cy fwm, in • sum approved by the MORivAGEE, and w~+xl3torm in~u.ance in ~he uiual s~andard pol~q fo.m, tn a ium approved by tM MORTGAGEE, i~ tuch compa~y or canpan~es as ths MORTGAGiE may dirK~J a~d al~ (ire and windstorm in~ura~te po~iciet on a~y of ssid build~n~s, any interest Ihcrein or part thereol, i~ th~ sp9rega~e tum afaeiaid or In excess ~hereof, sheli comain ~he uaual standard mortgayee clausa a such~o~her da~s~ +i the Ma~yagee may rcqu~r~, makinp the loss under sa~d polr c~ss, each and every, payable to said MORTGAGEE as its inlerest may appea~, and each and every ~uch Poi~cy shall be prompt~Y +u gned and detivered to •ny held by said MORTGAGEE ~s funher srcur~ty to said mwlyage dabt, and, ~W less lhan ten (10) d~ys in sdvance oi ~he expiration of each policy, to d~- I~ver ~o uid MORIGAGEE a renewal fhercof, 1oga~hK with a receipt fw ~he premium oi such ~enewal; and ~here shall be no f~re or w~ndirorm inwrance plsced o~ any of uid buildings, ~ny intere~t thtrein ot psil tMreof, unltu in IM fo~m and witl? tF+e lou payable as •fwesaid; and in the event any ~um of money becomei payable under such policy or pol~cies said MORIGAGEE shall havs tha opt~on to ~eceive and ~pply the same on account of ~he indebtrd- neu secured F?areby w to permit said MORTGAGORS to reteive and ut~ ir a any part thercof for other pu~poies, w~~hout ~hrrcb/ wai~ing o. u~~p;ir- ing any equ~ty, lien w righ~ ~~der w by virtue of thii morlgage; ~nd in the event ~a~d MORTGAGORS shall fa any reawn fail to keep the taid premitei so insured. or'fail b dai'wer promptly sny of said policies of insurants to taid MORTGAGEE, w(ail promptly to pay fuily any pre~nium theretw or in a~y re~pect fail to pa~iorm, d~scharge, execute, effect, complete, comply witA and abide by ~hii covenant, a any par~ hereo(, said MORTGAGEE may place and pay ta such insurancs or any part thereof without waiviny or affectinp any option, lien, cquity, o~ right undN w by vi~lue of this Matgage, and thc full amouro of each end eve~y such payment sha{I be immediatety dw snd payable and it+all bear interes~ from ths date the~eof u~til paid a~ the ~ate oi nine per ceMum per annum and to~ether with such interest shali be secured by the lien of this mort9~9e- 1. To permit, commit or suffer no waste, impairment or dete?aration of sa~d property or ~ny paN thereof. S. To pay all and singular ths costs, charges and expenses, includinp • reasonable atfwney i fee and costs of ab~tracts of tiHe, incurred or psid at any tlme by aa~d MORTGAGfE, because or in the event of ~he fa~lure on tha pa?t of the said MORTGAGOR to duly, promptly snd fully perform, d~scharge, execute, effed, comptete, comply with and abide by each and evc?y the stipulations, agreements, conditions, and covenants ol said promiswry note and this ~ mortgage any or ei~her, :n~said cosK, charges and e:per+ses, esch and eve?y, shall be immediately due and payable; whether or not ~here be not~ce de mand, attempt to m~7lect w suit pend~ng; and tke (ull srtaunt of eacl~ and every such paymcnt shall bear in~ereal irom the da~e thereof u~tit paid at tht rare of nine per centum per annum; and all said costs, char9cs and expeoses incvrred or paid, together wdh such imerest, shall be secured by the lien of this monpsge. 6. Thst (a) in the event of ~ny breach of this Mortgage w default on the part of the MORTGAGpR, or (b) in the event sny of said tums of money herein referred to be not promptly and fully paid within thirty (30) days next atter the same seve~alty become due and payabfe, withovt demand or notice, or (c) in the eveot each and eve~y the stipulations, ag~eements, conditions and covenants of sa~d promissory nofe and th~s mortgage any or either are oot iuly, promptly and fufty perfwmed, discharged, executed, effected, completed, complied with and abided 5y, tFxn in eilher or any such evenl the sa~d ag gregate sum mentioned in said promisswy note lhen remaining ~npaid, with interest acuucd, and a11 moneys setured hereby, shall become due and pay- ab;e forthwith, u thor~after, at the option of said MORTGAGEE, as fully and completely as if all of the sa~d sums of money we~e a~ginally it~pula~ed to be ~~d on such day, anything in sa~d p.omisswy note w in this Mortgsge to the contrary not.viths+anding; and thereupon w thereafter al the opt~on of sa~d MORTGAGEE, without notrce or demand, suit at law a i~ equity, therefore W 1MlfNffN begun, may be prosecutcd as if all moneyi secured hereby had matured pna to its institution. 7. Thst i~ the event that at the beginning of or st any time pending any suit upon this Mortgage, o~ to fweclose i~, or to reform it, or to enforce payment of sny claims hereunder, said MORTGAGEE shall apply to the Cour1 having jusisdiction thereof for the appointment of a Receive~, such Court shall forthwith appoint a rece~ver of said mortgaged property all and singuls~, includ~ng all and singutar the incorne, profirs, iuues and revenues irom whatever se~rce derived, each and every of which, it beiny expressly understood, is hereby mortgaged ss if speufically ut forth and dewibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effedive funct~ons and powers in anywise entrusted by a Court to a Receiver, and a~ch appoin?ment shall be made by such Court as an admitted equity and s matter of absolute righf to said JNORTGAGEE, and without reference to 1he adequacy or inadequacy of the value of tF+e property mwtgaged or to tix solvency or insolvency of said MORTGAGOR w the defendants, and that such ren~s, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such CouA. 8_ To du1y, promptly and fully perform, discharge, execute, effect, complete, comply wilh and abide by each and every tFx stipulations, agreements, condiYans and cove~ants in sa~d promissory note arsd ~his mwtgage ut forth. 9. That in the event the ownership of the mwtgaged premises, or any part thereof, betomes vested in a person other than the MORTGAGOR, the ~ M.ORTGAGEE, its successors z• ~ assig~s, may, without notice to the MORTGAOR, deal with such successor w successor in interest with reference to this mo~rgage and the debt hereby secured in the same manner as with Mortgagoa without in any way vit~ating or dixharging the Mortgagori liability hero- under or upon the debt hereby secured. No sale of the premixs hereby mortgaged and no forbearance on Ihe part of the MORTGAGEE or its sutcessors or ass:gns and no ex~en:ion of the time fw the payment of the debf he~eby sxured given by Ihe MORTGAGEE or its succeuws or su~gns, ahall operate to reteau, dixharge, modify change or affect the wiginal liability of tF~e MORTGAGOR htrein, eith~r in whole o? in part. 10. It is specifically agreed that time is of the easence of this contratl and that no waiver of any obpgat7on hereunde~ or of the obligation se- ci~red hereby shall at any tiTe Ihereafttr be held lo be a waiver of the terms hereof o~ of the instrument secured herby. 11. In add~tion to the (orego'ng monthly payments of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagor covenants ar.d agrees to pay to mortgagee with each monthly payr :ent an add~rional sum est+mated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ing; A-All real property taxes levied or assessed against the above described real estate. 8-premiums o~ fire a~d windstorm insurance as herein requ~red fo be wrried on the improveme~ts situate on the above desuibed premises. i C-Prem~ums on such mortgage guaranty insurance as mortgagee shall frem time to time deem fit to carry on the loan secured hereby. Mortgagee sha!1 from time to time notify mortgagor in writ~ng of the amount d~e and payable hereunder and such sum shail thereupon be due and i rayable on the due date of the nezt month:y payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such I a•-.ount. Such sums sF.ail be applied by mortgagee toward the paymeni of reai property ta:es, insurante prem~ums, and morfgage guaranty insurance i p ~ e m iums_ ~ IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto serhis hand and seal the day and year first afor~esa}'~. 1 i Signed, Sealed and ivered i~ the eunce of: i ,/~,7/// /J / • ~ / ~(i~~ k%'~? ~~J`/ ;seaq k r / / (SCeI) ~ i ~ ~c.Z~f/_ r~: 2 ~ ~t!s ~1/> (Seal) ~ ~ . ~ ~Sesl) € ~ ~ STATE OF fLORIDA ~ coutirY oF St. Lucie ~ ~ ~ s ~ ~ Befo~e me perwnally appeared Wa lter N• Wll ila~S a~ ~dZ01~/I1 M• w1111A1S his wife, to me well known and known to me to be f ~ tha individuals described in and who executed the fore$oi~g instrument, and acknowledged befwe me that they executed. the same for the purposes ; ~ therein expressed. And the said Caro2yrn M. 1A~2111aSS ~ ~ Walter H Willia~s _ w;fe of the sa~d • uppn _ sepaiar~ ~wd~{friwte 'v exam~nat:on by me taken uparate and apart from her said husband, acknowledged to end before me that she executed said instraur~nt f~x(y, anld vaun- rar;iy a~d w~thout sny compulsion, constraint, apprehens~on, or fear of or from F~er said husband. ~ WITNESS my hand and official seal this dsy of January` -_•_~~.p 73 R, ~ . ~ . - ^ , ~ ~ . Notary Public in e~d for t~S(afe of rids atZapt - ~ r , ~ • My Commiuion expirp: ~ ' • ~ 'r< First Federal SaR ngsn 8 loan Association NOT P,~IBUC, $TATE•o(~~~DA zt 1 f1RGE } ~y I pN• f~ES SEPT. 25. 1975 Of Fort P~erte. ~d~ y~~~~j(1R2f5 InS~ ~ sf~~6 ..0~ - fo~t P~erce, Ftorida FIlFO A!t~? RfCOR0E0 ST. LUCIE COUNTY FLA. y ROCE~ P4{TRAS ~ ? CLERK C~rtCUIT ~OURT This Instrument Prepared By JOhti W. Collins RECORD YER;~~Ep c ~ ~g First Federal Savings 8 Loan Association of Fort Pierce, Rlozida ~ i6 IO 24 AH ~'3 ~ ~ Checked By . = p 245'752 ~ 600K 2~0 PACE ~ ks F'~ ; ~ . ~ ~ . . , ~ : . ~ 4~ ~ y. ~