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To plsct and continuously keep cn ~he build~nga now o~ hcreaiter ~~tuate on said ~and and o~ all equipinent ~nd pcnon~lly covered by this mortg- ~ge, w~th ~I) premiurns ~hereo~ pa~d in full, f~re insurence ~n the usual ~~andsrd pol;cy fo~m, in a sum approved by the MOR~GAGEE, and w~nd3tam ~~sunnce in ths u:~al ie+~dard pol:ty lam, in s sum ~pprovcd by tM MORTGAGEE, in ~uch company or companies ss the MORTGAGEE may d~rect; and all (ira and w~ndstorm insuranca policies on any of sa~d buitd~ngs, rv~y int+re?t Iherein or part thereoi, i~ ~he aggrega~e sum afwesa~d or in sxcesf thereof, sMll coMain the usual standard morrgayee dause w such other c~au~~ a~ ths Matgagee may requ~r., maAiny the loss unde~ sa~d poli- cie~, each and eve~y, payab~e to said MORTGAGEE as its in~ere~t may appsar, and each u+d evc~y such po~~cy shall be promp~ly ass g~ed and dei~vered ~o ~ny held by said MORTGAGEE a~ further security to s~id matgage debt, and, not less than ten (10) dsys in sdvancs of ~he expiration of each pol:ty, to dr IivN lo said MORTGAGfE a ientwal thercof, together with • r~eipt for tha premivm of such rc~ewal; and Ihe~s shall be no f~re or wi~~ds~orm insurance placed on any of said buildings, ~ny inter~~t ~here~n w part thereof, unleu in the fo~m •nd wi~A ths lou payable as aforesaid: and in ~he event any sum of money bccpne~ payable under such poticy or policies taid MORIGAGfE shall have the opt;on to ?eceive and apply the same on account of ~he indabted ness secured hereby w ro permit said MORTGAGORS to rKeive and uss it w any part thereal fw othc~ pu~poses, w~~hout ~h_:~o~ ~~si~~,,g o~ ~~~~pa,r• i~g any equity, I~en w right under w by vir~ue of thii morsy~ge; and i~ Ihs event said MORTGAGORS shalt fw any reason tail to keep !he sa~d prem~srs so ~nsured, or fail to deliver promptly any of uid poticies of insurance to sald MORTGAGEE, or fail promptly to pay fully any prem~um ?herefor or in any reipect fail b perform, d~scharge, execute, effed, tomplete, comply with and sbid~ by thi~ coveoant, w any part hareoi, said MORTGAGEE may p~~ce a~~d pay fw such insurance oi any pa.t thereof without waivinp w•tfecting any opt;on, lien, equcty, or .ight unda? or by virwe of this Mortgage, and the full amo~nt of each and every such paymenf ihall be immediately d~e and payable and shall besr interes~ irom the date thcreof until pa~d at the ra~e ot nine per centum pe? annum and to~ether with such i~tares? shati be sccured by ti~e fien of this mortgage. To permit, commit o? suffer no waste, impairment w deter~oration of uid propcrty o. any pa,t ~he.eof. 5. io pay all and sinpula~ the costs, cha~ges ind expenses, includirg a reasonable ~teorney's fee and costs of absnacts of title, incurred or pa~d af any time by u~d MORiGAGEE, betause w in the erent of the failure a+ the part of ~he said MORTGAGOR to duly, promptly and fulty perfam, d~scharge. execute, eftcct, comptete, comply with and ab:de by each a~d"every the sriputarrons, aqreaments, conditions, and covenants oi u~d prom~ssory note and ~hia morrgage any or e~~he?, and said costs, charges a.~d expenses, each and every, shall be immediately due and payable; whe~her or not there ix nor~ce da mand, attempt to collect or suit pend~ng; ar?d the full amount of each and every such paymcn~ shatl bear interes~ from the date the~eof until paid at the rare of nino pe~ ~entum per annum; and a~l said tostf, charg~s and e:penses incurred ot paid, together w~th suth interest, shall be securtd by Ihe lien of th~~ mortgage. 6. Th~i (a) in the event of any b~each of this Mortgsge or default on the part of the MORTGAGOR, or (by in the event any of sa;d sums of money herein referred ro be ~ot promprly and fully paid wirhin th,rty {301 days nex~ after Ihe same uverally becpme due and payable, without demand w notice, or {c) in the event each and every the stiputaTions, agreements, condirians and covenants o! sa~d promissory ~ote a~d th~s mortgage any or e~ther are no~ ~u:y, promptly and fully Fxrformed, d~scharged, executed, eifected, compteted, compl~ed wirh and abided by, then in e;thci w any such event the sa~d ag gregate sum mentioned in sa~d promissory note the~ remaining unpaid, with intcrest accrued, and all moneys secured hcreby, shall become due and pay- ebie forthwith, or thereafter, at the optio~ of said MORTGAGEE, ~s f~lly and completely as ii all of the said sums oi money were or~g;naily st~pulated to be pa~d on such day, anything in sa;d promiuory note a in this Mortgagt ro tFx contrary notwi~hsta~ding; and ~hereupon or thereafter at the op~~oa of sa~d MORiGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted ss if all moneys secured Ixreby had matured pnor to Rs institution. 7. Thar in rhe event that at the begenning of a af any time pend;rg sny sutt upon this Mortgsge, or to foreclou it, a to refwm it, or to e~force payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ju:~sd~ction ~hereof for the appointmenl of s Receiver, such Cour1 shall Forthw~th appo~nt a receiver of said mortgaged property af( and sirgular, inciud~ng ail and sing~la~ the income, p~of~ts, issues and ~evenues from whateYer source drr~ved, each and every of whkh, it being expressly understood, is F+ereby mortgaged as if speufically ut. forth and dewibed in the granting and habendum c~suses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appoinfinent shall be made by such Covrt as an admitted equity and a matter of ebsolute right to said MORiGAGEE, and withovl re(erence to the e:iequacy a inadequacy of the value of the property mo.tgaged or to the wivency or inwlvency of said MORTGAGOR p fhe defendants, and that such renrs, profits, income, issues and revmues shali be applied by such Receivtr accordmg to the tien or equity of said MORTGAGFE and fhe pracrice of such Court. 8. To dufy, promptly and fully p~rform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, cond~tiont and covenanes in sa~d promisswy note and th~s mortgage xt forth. 9. Thst in the event the ownership of the mortgaged premises, or any part thereof, becomes vested 'en a person other than the MORiGAGOR, the M,ORTGAGEE, its succeuwa and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to this mortgage and tF~e debt here~y setured in the same manner as with Mortgagw without in any way vit~ating a dixharging the Nbrtgagors' (iability here- under a upon the debt hereby secured. No aale oi the ptemixs hereby mortgaged a~d no forbesrante on the part of ~he MORTGAGEE or its successors or assigns and no extension of tF~e time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, ahall operate ro retease, d~uharge, modify change or affect the ocig~nal liab~l~ty of the MORTGAGOR he~ein, eifhe~ i~ whole or in put. 10. !t is specifically agreed fhaf ~ime is of the essence of f1~is contract and that no waiver of any obligation hereunder or of tha obligaYan se- cured hereby shall at any time thareaftet be held to be s waiver of the terms hereof w of the instrument secured herby. 11_ In add:tion to the forego:ng monthly payments of prinCpal and interest required by the promissory no!e secured herebr, mortgagor covenants and agrees ro pay to mortgagee with eath monrhly payrnent an addrtional sum est~mared by mwtgagee to be equal to 1/12 of the annual cost of the follow- :n~: A-Alt reat property tazrs iev,ea w assessea aga~~s> >ne aoove oescrioea rce~ ea~esc. B-Prerriu~ns on fire and w~ndstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Prem~ums on such mortgage guara~ty insurar~~e as morrgagee shaA from t%me to time deem fit to carry on the toan secwed hereby_ Mortgagee shall f~om t~me to time notify mortgagor in wr;t~ng of the amount due and payable hereunder and such sum shall thereupon be due and c ayable on the due date of tht next month:y payment and each successive month thereafter ur~tit mortgagee shall notify mortgagor of a change in svch ~~~~ount. Such sums shatl (x applied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, and mo?tgage guaranty insurance . p~emiums. . IN WlTNESS WHER'cOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid. Signed, Seated and de!ive.ed in the p?esence of: ~ ~ a~~ ~ (Sesl) : - (Seai) i i l5eal) STATE OF fLORIDA ~ COUNTY OF $t . I..~Cle ~ r Before me personally appeared -~ry C• 1ee1, III e~ Beverly Teel his wife, to me well known and known to me to be rhz ~nd~viduats described in •nd who executed the faegoing instrumeM, and acknowltdged befwe me that they e~eecWed the same for the purposes th>rein expressed. And the ~aid B~erly S• T~1 +~;fe of the sa~d F-ROYY C. Teel, I I I upon a~ ~c .t'~'byd ~riwts exam~nat~on by me taken separate and apan from her said huaband, acknowtedged to and before me that she executed said ins_ ~ lFr~ly~{rp~(~r'n• ranty and w~thout any compulsan, constraint, apprehension, or fear of or from her sai h sband. . ~ . WITNESS my hand and officia! seal thi~~ day o ~ u p~~~ i ds ' ~ ' ~ ` i - . . _ ~ Notary Public in a~d (or t/ tat~ d? ~~t lsrg4 ~ ; . • ~ My Comm~uio~ expires: OTAR~ 1C~1AiE of -~ORIDI~ef (~R~iE Return To: firs! Federst Savings 3 Loan Associat~on f+lY CO~A1~f~UF~ ExP1R~ ~f04~~~1975 BondeO iiGu 6 sr~r?sw~ric nd ritKS. pi Fon P~erce. ~'~9'r,~~r j~ L~ ~~V~' fort p~erce. Florida '.,~„'t1,`~~~~ ,~IED Ah~ P.ECOR ~?p ~-UCf~ CouNTrs LA This I~strument Prepared 8y Johtt W. Col2ins ROGtt Fp;.R~ j~, First Federal Savings 8 Loan Association ~~E~IK C~~:C~tT COURt ~ ~ of Fort Pierce ~ Florida OR:7 Yf~if~EO~ ; Checked By ~ ~Ee ~ 9 S9 Mtl ~73 j s a~~x 210 1dT: I~7c7~ '2'~~~1J ~ ~ _ _ ~ ~ = ` ~ ~ ~ .~F - ~ ~ s,.~ _ _ ~ .r . ,.~~r,r~,~'. ~r-