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To place and continuo~sly keep on the buiid~ngs new or he:cafter ~ituate on sa~d land and on ali equipment and penona~ly covered by ~his mo~tg- e~e, wit~ ali premiums therton pa:d in full, fire inwra~ce ~n ths usual ~tandard policy form, in a sum approved by the MOR:GAGEE, and windstorm ~~surance in the usual s~andard pol,cy form, in a sum ~pproved by ihe MORTGAGEE, in such company o~ companies as the MOR7GAGEE may d~retl; and all (i~e and w~nd~torm insu~ante policies on any of said buitd~n9s, ~ny interest therein or part thereof, in the a99regate sum afo~esaid or in excess thereof, shall conta~n the usual standard morrgagee c+ause a~uch other tlause as 1hs Mortpapee may rcqu~re, making the toas undar sa,d poli- des, each and every, payable to said MORiGAGEE as iis iroerest may appear, and each and evary ~uch poGcy shatl be prompUy ass gned and de~ivered ~o any hetd by sa~d MORIGAGEE as further security ro said mwtgage debt, snd, not tess than ten (10) deys in advance ot ~he expiratlon of each pol~cy, to dr Gwer ro u~d MOR?GAGEE a renewal ~hereof, toge~her wiih a receipt fw the premium of such ranewal; and, there shsil be oo f,re o~ wi~~dsronn inw:ance placed on any of sa~d build~ngs, ~ny interest there~n or part thereof, unless in ~he fo~m and wi+h ~he loss psyaWe as afo~eiaid; and in rhe event any s~m of mo~ey txcomes payable unde~ soch poliq ot poGcie~ said MORTGAGEE shall hava ths op~~on to recelve and appty ~he same on accoun~ of the iodao~rd- neu secured he~eby o~ to permit said MORTGAGORS to reteive and use it w any pa~1 thereof tor othc~ purposes, .•.~~hout th~r, u; .v.:~v~.~3 0. ~~,:p..~r- ing any equrty, Gen a righ~ unde~ a by virtue of this mo::g~ge; and ih ihe event sa~d MORTGAGORS shall for any ~eason fail to ke+ep the sa~d p~em~sas so insu~ed, or fail to deli~er promptly any of said policies of insurante to said MORTGAGEE, w fail promptly to pay fully any pre~ni~m thcrefor or in any respeU fail to pe~fo~m, d~scharge, execute, e~Fect, compiete, comply witF~ and abi~ by this covenant, w any part hrreol, said MORTGAGEE may piace ar:o pay tor such insurance o~ any part the.eof withou? wsiving or sffetting any option, lien, equ~ty, or right under or by virtue of ~his Mortgage, and the t~ll amount of each and every such payment shall be immediately due and payable a~d sha~l bcar interest irom the date thereof until pa~d at the ra~e of n~ne per esntum per annum and to~ether with such interest shatl be secu~ed by the lien of this mortgage. To permit, commit o~ sutfer no waste, impai~ment o~ dete~ioration of snid property w any parf thereof. 5. To pay a!1 and :ingu~ar the cos~s, charges and expenses, including a reasonable atewney i fee and costi of abstracts of title, incurred or pa~d ar any ~ir.:e by sa~d MORTGAGfE, becauae w i~ the event of ~he failure on the par~ of ~he sa~d MORTGAGOR to duly, promptly and fu~ty perform, d~scharge. execute, ef(eU, comptete, comply w~th and ab:de by each a~d every the stipula»ons, agreemen~s, conditions, and covenanrs of said prom~sso~y note and ~his n,ortgage any w either, and said costa, charges and expenses, each and every, shall be immediately due and payable; whether w no) there be noi~ce da mand, atremp~ to cotiec? a suit pend~ng; and the full amount of each and every such paymem shaU bear inreresr from the da~e the~eoi until pa~d at the ~.i:e of nine pe~ ceroum per annu:n; and all said costs, charges and ex.~enses incurred w paid, ~ogether with such interast, shall be secured by the hen of th~s mortgage, 6. That (a) in 1he event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums oi money herein referred to be not p.anp~ly and fully paid wi~hin th~rty (30) days next after the same se~erally become due and payable, witho~f demand or no~ice, or (c) in the event each and every ~he stipulations, agrecments, co~ditions and covenants ol sa~d promissory note arx! th~s mortgage any or either a~e not ~~ty, p~ompNy and fuIly performed, d~scharged, executed, elfected, completcd, compl;ed w'+th and abided by, then in either pt any such event the sa~d ag ~regate sum rrKnt;oned in said prom~sswy note the~ remaining unpaid, wiih interest accrued, and all moneys secured here6y, ahall become due and pay- eble lorthwith, a thereafter, at the opt~on of said MORTGAGEE, as fully and compleuiy a: if ati of the sa~d sums of money wcre w.grna+ly s?;pu:afed ~o be pa;d o~ such dny, anything in sa;d promisswy oote w in Shis Mortgage to the contrary notwiihstand~ng; and thereupon w therealter at the op~;on of said MORTGAGEE, without notice o~ demand, suit at law or in equity, therefore a thereafier begun, may be prosecuted as if all moneys secured hereby nnd matured pr~or lo ~ls inititutiOn. 7. 7hat in the event thst at the beginning of or st any time pending any suit upon th;s Mo.tgage, a to fwectose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~t having jwisd~ction thereof fw the appointment of a Receiver, such Court shafl Forthwith appoint a receiver of said mongaged property a11 and singular, includ~ng a17 and singula~ the income, prof~ts, issues and revenves from whatever source deri~ed, each and every of wh~ch, it being expressly unden~ood, is hereby mo.rgaged as if spec~fically set forth and described in the gran~ing and habendum clauses hereof, and s~ch Rcceiver shalt have all the brosd and effective f~ntt~ont and powers i~ anyw~se entrusted by a Cou.t to a Receiver, ar~d s~ch appoirttment shall be made by suth Court ss an admitted equity aod a matter of absolute right to said MORTGAGEE, and wiihout reference to the adequacy w inadequacy of the vaiue of the property mwtgaged or to !he sotve~cy or insolvency of sa~d MOR7GAGOR or the defendants, a~d that such rents, profits, income, issues and revenues shaH be applied by such Receiver accad~ng to ihe lien q equity o1 said MORTGAGEE and the practice of such CouR. +sa 8. To dvty, promptly and fulty perform, dlscharge, execute, effed, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy rwte and this mortgage set forth. 9. That in the event the ownership of the morigaged premises, or any paA thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its s~ccessors and assigns, may, without notite to the MORTGNOR, deal with such successw w successw in interest with reierence to this mo~tgage and the debl hereFiy secured in the same manner as with Mortgagor w~thout in any way vitiating w d~scharging the Mortgagors' liability he~e- under or upon the debt hereby secured. No sale of tFue premises hereby mortgaged and no (orbeara~ce on the pa~t of the MQRTGAGEE d its successors o. assigns and no exte~sion of the time fw the payment of the debt he.eby secured given by 1he MORTGAGEE or its successors ot assigns, s~ialt operate ro reiease, d~scharge, modiFy change or affect the or~g~na! liab~l+ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifitally agreed that lime is of the essence of this contract and that no waive? of any obligation hereunder w of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumcnt secured herby_ I1. In add~tio~ to the forego:ng monthly payments of princ'pal and interest required by the prom~ssory ~ore setured hereby, mortgagor covenants and agrees fo pay ro rreo;tgagee with each monthly pay,,~ent an add~rional sum est~mared by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~ng: A-All real pro,~erty taxrs levied or assessed agai~st the above descrihed real estate. B-Prerriums on fire and windstorm insvrar,ce as here~n requ~red to be carried an the improvements s~tuate on the above. dsscribed premises. C-Premiums on such mortgaqe gvaranty insurance as mongagee shall from rme to time deem fit to carry orS the loan secured hereby. Mortgagee shall from t~me to time norify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and F ayable on the due date of the next month:y payment and each successive month thereafter ur.til mortgagee shatl notify mortgagw of a nge in such ~^•ount. Such sums shali be appieed by morrgagee roward ~he payment of rea: property taxes, inwrance prem.ums, and mortgage ranty insurance •omium5. tN \YITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the d`y apd year first esaid. . S~gned, Scated and de?ivered in the esence of: / ~Seap i ~ ' dward H. Sulliva ~~a~~ ~ ..~t_ ~.-~u~~ (Seaq - o P. Sullivan ~~ai~ ; S i ATE OF FIORlDA ~ ~ St. Lucie ' ; OUNTY OF ' Befwe me personally appeared Edwar d H. Su 11 i van and ` Joan P. Sullivan his wife, to me well known and known to me to be fhe individuals deu~ibed in and who executed the foregoing instrument, and ackrawledged before me that they executed the same for the purposes ! therein expressed. And the said Joan P'. Sullivan ~ Jv~fe of the said Edward H S11111VdL1 'u~n a.~qQahle and private exam~nat~on by me taken separate and apart from her said F~vsband, acknowledged to and before me lhat she exetuled.iaid ~naRvhien~ ~r~efy~end volum ; !anly and wnhout any compulsion, constraint, apprehens~on, or fear of or from her said husband. ! WITNE55 my hand and offic~al seal th~s day of ••OG~D' 19, 73 ~ ~!t"~~r • / atary Public in a~d for ihe _ Sfate~ of Fbri a at LargQ , ~Ity Commission expiies: ~ : L~ • • Return To: MOTARlr~~[ t~pTE OF~FlO1t10A AT L~RGi First Federal Savings 3 Loan Associat~on MtY CC~'~91q EX?:~~~~A~;. 8, t477 Of fort V~ecce. dONDEp THRL~~CE~t'~~1$~?RAf~CE UNDECWRITERS Fors P~erce. Ffo~ida ' ~ S-% i' ; ~ This Instrument Prepared By John k'. Collins MD hECOR0E0 ~ First Federal Savings 8~ Loan Association g t~pCjE ~O~K7~ f~~" ( iIOCEk F~~SR~S ~ of Fort Pierc~ Florida ~LERK ~~.~FiEO ~Ot1Rf Checked By QE~~QD v _ 1~ 10 Oz AK'Z3 ~ FEe b~~K210 ~acf~9$3 24~8U2 ~ . - - - - - ~ - ~ : . ~~s: _