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To ptace and conrinuoualy keep on ~M build~ngs now o~ here~F?er ~itvare on said land and on all equipmenf ~nd perionaliy cove~ed by this mor~g- sgs, wilh all premiums thereon pa~d in full, fire insuranc~ in the usual sundard polity form, in a sum ~pprovtd by the MORiGAGEE, and w~ndstorm insurence in tM usual ~tandard po1~cY fam, in ~ sum ~pproved by 1M MORTGAGEE, in tuth twnpa~y or companies st the MORTGAGEE may direct; ~nd all fire and w~~dstorm insuronte po~~cies on ~ny oi uid bu~~d~ny~, ~ny inlttest therein or part fhcreof, in IhR ~gg~e9~~e sum aforesaid w in exceu ~hereof, shall contain the usual ~tandard mat9a9ee clauu u tuch other claus~ as ~he Mort9sgee may requ~re, maki~p ~?w loss under ia~d poii- cies, each and every, payable to said MORTGAGEE as its intere~t may ~ppea~, and each and eve~y iuch policy shsll be promptly ass g~ed and de~~ver.:d ~o •ny F?eld by ss~d MORTGAGEE ~s f~rther security to said mortflage debt, ~nd, not leu than ten (10) days in advance of the expir:~tion of each pol~cy, to dr liver ~o said MORTGAGEE s renewal thereof, toge~her wi~A a receipt fo~ the prem~um oi ~uch renewal; and ~here shall be ~o (~~e o~ windsto~~n insurance placed on ~ny of said buildings, any imerett therein w parl tF+usof, unleu in tM form and with ti» lou payable ai ~fwesaid; and in the e~eent any sum of money becomes p~yabte under s~ch policy w po~~cies uid MORTGAGEE ~hall Mve ths opt~on to reseive and apply the same on account o( ihe indabred- ness secured hereby w to perm~l aaid MORTGAGORS b receive and use it a any par~ therroi fw o~he~ purpoies, wnhout ~ha~~o~ wa~.:.~g o~ ~~~~p~~~• ing any equity, lie~ ot right unde~ or by virtve of this mo:tyage; ~~d in 1he ~vent sa~d MORTGAGORS fhall fw any reason fail to keep 1he said p~emisas so i~surcd, a fail to deliver promplly a~y of said policies of insurancs 1o iaid MORTGAGEE, w fail promptly to pay fvlly any pre~nivm ~herefor or in any reapect fail ro perfam, discharge, execute, effect, complate, comply with and abide by this covenant, or any part hereoi, u~d MORiGAGEE may plece a~~d pay for such insurance u~ny part thereof without w~iviny w affettirg any option. lien. equity, a right unde~ or by virtue of this Mortgage, and the full amoum of each and e.•ery such paymem shall be immediately dw and payable ~nd shall besr interes~ from the dats t~creof un~il pa~d at the rate ol n;ne per centum per annum and ~o~eiher wi~h such interffst shall be secured by 1he lien of this mort9sge. 1_ To permit, tommit w suffer no waste, impairme~t w deterioration of said property w ~~y part thereof. S. To pay alI and singular the costs, charges and expenses, including a reawnable attwney i fee and costs of abstracts of title, incurred or paid ai any time by said MORTGAGfE, txcause o~ in fhe eve~t of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge. e,eecute, effect, complete, comply with ~nd ab:de by each and svery the stiputat~ons, agreemsnts, conditio~s, and covenants of said promissory note and this mortgage any or e~thor, and sa~d cosb, cMrges and expenxs, each and every, shall ba immediately due and psyable; whether or not there be not~.e dr mand, attempt to colkct o~ iuit pending; and the full artw~nt of ~ach •nd every such payment shall bear interest from the date thereof untit paid at the rare of nine per centum per amium; and ali said costs, charges and eapenses inturred or paid, togethet with such interest, shall be secured by the lien of this mwtgag~. 6. That (a) in the event of any breach of this Matgsge o? defsult on rhe pa?1 of Ihe MORTGAGOR, a(b) in the event sny of sa:d sums of money herein referred to bs not promplly and fully paid within thirty (30) d~ys next after the same severelly betome due snd payabk, without demand or notice, or (c) in the even~ each and every ihe s~ipulations, agreements, condiiions and covenants of sa~d promiswry note snd th~s mortgage a~y w either are not iuty, promptly and fully performed, d~xha.ged, executed, effected, completed, complied with snd abided by, then in e~ther or any such event the sa~d ag gregate sum rrKmioned in said promtuory rwte then remainiry unpaid, with interest accrued, snd ail moneys secured here~y, shall betome due and pay- able forthwith, a the~eafter, at the opt~on oi said MORTGAGEE, as fully srd comple~ely as if all of the said sums of money were or~ginatly ~t~pulated ro be paid on such day, anything in said promeuory note w in ihis Mortgage fo the contrary notwi~hstanding; and thereupon or thereaf~~r a~ the oprion of sa~d MORTGAGEE, without notice w demand, suit at. law a in equity, there(we or thereafter br~un, may be prosecuted as if sll moneys secured hereby had matured pr~o? to iti i~stitution. • 7. That in the event that at the beginning of o~ at any time pending any suit upon this Mortgsge, or to fweclose it, or to reform it, or to e~force payment of any c~aims hereunder, said MORTGAGEE shall apply to the Court having jurisdlction thereol fw rhe appo~ntment of a Rcceive~, svch Court shall forthwith appoiM a reteiver of said mortgaged p?optrty all and singula?, intlud~rg all and singular the income, profits, issues and revenues from whatever source derivcd, each and every of which, it being expressly understood, is hcreby mo?~gaged u if speuficatly set fwth aod described in the granring and habendum ctausea hereof, ~nd such Reteiver shall have all the bro~d and effective funchons and powers in anywi:e entrusted by a Court to a Receiver, and :~ch appointrt+ent shall be made by such Court as an admitted equiry and s matte~ of absolute rght to said MORTGAGEE, snd w~thout reference to the edeyuacy or inadequacy of the value of the prope~ty mortgaged or to the sotvency or insolvency of said MORTGAGOR w the defendants, and ~hat such ren~s, profits, income, iuues and revenues shall be applied by such Receive~ according to the lien oi equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfo?m, discharge, execute, effcct, complete, comply with and abide by each and every the stipulations, agreements, conditana and covensnts in sa~d promiuory note and this mortgage set forth. 9. That in the event the ownerahip of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h1C~RTGAGEE, its succeuors and assigns, may, without notice to the MORTGAOR, deal with such succeuor w tuccessor in interest with reFere~ce to this n,o~+gage and the debt hereby secured in the same manner as with Mortgaga w~thout in any way v':!~ating w d~scharg7ng the Mortgagwi liabil~ty herr under or upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and no forbearance o~ the part of the MORTGAGEE w ifs successors or assigns end no extension of the time fw the payment of the debt hereby securcd given by the MORTGAGEE or its successors or au~gns, ahall operate ro release, d~scharge, modify change or affect the original liab~lity of the MORTGAGOR Fxrein, either in whole or in part. 10. N is speuficatly agreed thst time is of the essence of this contract and that no waiver of any obl~gation kereunder or of the obtigation sr c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tio~ to the fwego°.ng monthty payments of princ pal and interest required by the promissory note secured hereby, mortgagor covenants ar.d agrees to pay to mortgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1 j i2 of the annual cost of the follow- in~: ; A-All real property taxrs levied or assessed against the above desc~ibed real eatate. ~ B-Prem~ums on fire and windstorm insurance as here~n requ~red to be carried on the improvemeats situate on the above described premises. ~ C-Premiums on such mortgage guaranty insurarce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payabte hereunder and such su:n shall thereupon be due and ~ ; ayable on the due date of ~he next monthiy payment and each successive mo~th thereafter ur.til mortgagee shall notify mortgagor of a change in such ( a~~:ount. Such sums shalf be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guarenty insurance ~ p•emiums. 6 IN TNE55 WHEREOF, t said RT R has hereunto set his hand and seal the day and ye first a esaid. ~ _ Si a liv in the Qf: ~ C~ t ~ - "/iZz-"? 'l.~~' 1 C`'_ (Seaq ~ ` ~ ~ Seal) .rve,r~/ (Seal) ~ I ! _ -.G C2~ /Y~lt'L ~ ; ~ Alice FZed~!] (Seai) ~ _ ` ~ srarE or Florida ~ St Lucie ~ c~u:~n oF • ~ Before me personally appeared FZ~k and ~ Alice Fredaan his wife, to me well known and known to me to be the individusls desaibed in and who executed the foregoing instrument, and acknowledged befwe me that they exetuted the same for the purposes ~ Alice Rredaan rherein expresxd_ And the said -r~v-, wlfe of the said Frank Fredaan upon a separate ~ p~~vate ~ exam~nat~on by me taken separate and apart from her said husband, stknowledged to and befwe me that she executed said instrurrKnt fr~~~8?1d•VOIVM s_ rarily and without any computsion, constraint, appreheyc~,hw fear of w from t uid husbsnd. i . • ~ WITNESS my hand and offic~al seal this ~ day of Februaz ~ p:.~~q~ ; ; ~ t ~ . . t = Not~ry Public in and fof the tate.of fbrlda at large _ - My ~ommission expires: ' = Retum To: Ly ~ ~ ~ • 4 ~ First Fedetal Savings 3 Loan Association / _ , ' Of fort P~erce. <`;I~`~ fort Pi_>rce. Ftorida ~ FILED ~?y~ RECORDED fT, WCII ~OUNTY fl~. ROGfc, rp~Ta~6 y; CIE~K i:t`:GJIt COURT This Instrument Prepared By J. H. Roberts, JZ. pf~cRn yEatF:En b~. ~s First Federal Savings & loan Association of Fort Pierce s lorida ~E~ ~ ~ 1}4 ~~73 . ~ ~ Checked By 24'7454 s4~ booK210 PA~~~7~ s, r . LL~:. ~ ~ . - - - . - - _ ~ - _ _ - - ~ ~ _ _ _ a . _ _r~