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To place and continuousty keep on ~hc bui!d~ngs now a herea(ter ~;tu~ts oo said land ar+d on all cqvip~nen? and personalty ccvered by ~hi~ nsar~g- ege, with all prem~umi ~he~eon pa~d in fuli, ti~~ insurance in tha usu~t uandard poNCy form, in a avm approvod by the MORiGAGEE, and w~nds~o~m ~nsurance in 1ha u~ual s~andard pol~cy lo~m, i~ a sum ~pproved by ~M MORTGAGEE, in iuch compa~y w cornpsnies as ths MORiGAGEE may direct; and all fire and w~ndsterm insu~u+ca poliue~ oei a~y of ~a~d build~nyi, any interett therein w parf the.eof, in the agg~eya~e sum ~foresa~d or excess thereof, shall con?a~n the usual standard mor~page~ clause w such o~her cl~uu ai tM Mwtgages may requ~re, making ~he loss unde~ sa~d poli- c~es, esch and every, payable to said MORiGAGEE ai it~ interett may appear, and each a~d eve~y auch pot~cy shall be promptty ais gnFd and de~iverrd ro any held by said MORTGAGEE ae iu~the~ security to said mortyaye deb~, and, no1 less lhan ten (10) days in advante of the expir0lion of each policy, to dr Gvar to uid MORTGAGEE a renewal thereof, togeih~r with • rec~7pt fa the premium of such renewal; snd there ihall be no i~re or windsronn iewrance placed on any ot said buildinys, any inlerest thar~in ot part thareof, unless in 1he fo~m and w~th ~M loss payabte as ato~esaid; and in the event any sum of money becomes payable under such policy w policie~ s+id MORTGAGEE shall have the opt~on ?o ~ece~ve and apply ~he same on account of the inde~ted- ness secured he~eby w to permit said MORTGAGORS to rece~ve and us~ it a any pa~t thereof for o:r,ar pu~pases, v.~~hout ~h_~.bi wa~vl.,~ o. ~~~~pdu- ~ng a~y equ~ty, lieo w ri~ht under or by virtue of thij mprtgaya; and in tha event said MORTGAGORS shall for sny reawn fail to keep the aaid premisas so insured, or fail to delivea promptly any of said polities of insurante to said MORTGAGEf, W fail promptly fo pay fuily any premium Iherefor or in a~y resped fail to psrform, dntharge, exetute, eff~ct, complete, tomply with and abids by this tovenaN, or a~y part be~eof, said MORTGAGEE may place and pa~ for sucb insurance or any part thereof without w+ivirq or affectin~ any option, li~n, equ~ty, or right under a by virtue of this Mortgage, and the ~ull amcun~ of each a~d every such payment shall be immediately due and payabls and sha:l bear interest from tM date thereo( until paid at the ra~e ol n~ne per cenrum per annum and to~ether with svch inrerest :hall be secured by tM lien of this matgsge. 4. To pe~mit, commil w suffer no waste, impairment a detei~oration of ~a~d property or sny part thereof. 5. To pay all and singulsr ths costs, charyes and expenses, including a reasonable at~orney's fee and costs of abstractt o! tifle, incurred o. pa:d at any t~me by said MORiGAGEE, because w in the event of 1he failu~e on the part of the said MORiGAGOR to d~ly, promprly and fully pe+form, d~scharge execute, effec?, tomplete, tomply with and abide by sach and every the stipulations, agreement~, tonditioni, and covenams of said promissory note and th~s ~~~orrgage any or eithe~, arxl wid costs, char~s and expenses, e~ch and svery, shalt be immediately due and payable; whe~F~er w not the~e be norice dr n,and, attempt to cot(ect w ~uit pending; +r~j tM f~il amovnt of each and every ~uch psyrrKnt aAall bea~ inferest from the date thereof until pa~d at ~he r~ce of nine per crntum per an~ium; and atl said costs, charge~ and cxpenses incurred or paid, together w~th such inte~est, shall be saured by the lien of this morfgage. 6. Thst (s) in the event of any brcacR of lhis Mortgage or defautt on the part oI the MORTGAGOR, o? (b) in fhe eveM sny of sa:d tums of money herein reFer~ed to be not prompfly and fully paid within thirty (30) days next a4~er the same sevcrally become due and payable, without demand or notice, or (c) in the event each and every the i~iputatiau, agreemem~, cond~tans and covena~ts of sa:d promiswry nots snd th~s mortgage any o? e~ther are not iuly, promptly and fu!!y performed, d~uAarged, exetured, eifected, ~ompleted, compl~ed with end abided by, then in either w any such evcnt the sa~d ag g.egate sum mentionrd in iaid p~omissory note then remaining unpa~d, with interest acuued, and aIl moneyi secured hereby, ihall become due and pay- able forthwith, or thereafter, at the option o~ iaid MOR7GAGfE, as f~lly and completely as if atl of the said sums of mo~ey were onginally st~pulated ro be pa~d on such day, aeything in sa;d prom;uory note os in this Mwtgage to the contrary notwiths~snd~ng; and thereupon w thereafter at the op~ion of said MOitTGAGEE, without norice o. demand, suit at law w in equity, therefore w theresfter begun, may be prosecuted as if all money~ secured hereby ncd matured pitw ~o its institutioo. 7. That in the event that at the beginning of or a1 ~ny time pendirg any suit upo~ this Mortgage, w to fweclose it, or to reform it, or to enforce payment of any claims herounder, said MORTGAGEE shatl apply to the Cou~t having junsd~aion thereof for the appo~ntment of a Receiver, such Court shail ~orrhwith appoint a rete+ve? of taid mortgaqed pioperty •tl and singul+r, includ~ng all and aingula~ Ihe income, profifs, issues and revenues irom whatever sc~rce derived, each and every of whrch, it bring expressly understood, ia hereby mortgagcd as if spec~fically set fwth and described in the granting a~d habendum clauses Ixreof, and s~ch Receiver shali have all the broad and effecrive funcnons and powers in a~yw;se entrustec! by a Cou~t to a Receiver, and s, ch appointment shall be made by such Court as an admitted equity and a rr~tter of absolute r~gh~ to ssid MORTGAGEE, and wi~hout reference to the adequacy w inadequacy of the value o1 the property mortgsged or to the sotve~cy or ~nsolvency of sa~d MORTGAGOR o~ the defendants, and rhat s~ch re~rs, profits, income, iuues and revenues shsll be applied by such Receiver according to the Iien or equity of sa~d MORTGAGEE and the praaice of such Court. 8. To dufy, promptly and fully perfwm, discharge, execute, effect, complete, comply with and abide by eac6 and every the st~puiations, egreeR~ents, cond~tions and covenanrs in sa~d promissay note and lhis mortysge set fonh. 9. lhat in the event the ownership of the mortgsged premises, o~ any part thereof, betomes vested in a person othe? than the MORTGAGOR, the :10RTGAGEE, ifs successas and assigns, may, without notice to the MORTGAOR, dea! wi~h s~ch successo~ a successa ~n interest wi~h reference to thie r^ortgage and the debt h~reby secured in the samt manner ~s with Mortgagor wi!l~out in any way vitiating o~ discharging the µortgagors' liability here- o~der w upwi the debt hereby sewred. No ssle of the premises hereby mortgaged and no forbesrance oe the part of the MORTGAGEE w its successora or assigns and no exte~sion of the time for tlx payment of the debt hereby secured 9iven by the MORTGAGEE or its suctessors or auigns, ahall operate ro release, d~scharge, modify change w affect the orginal liability of the MORTGAGOR herein, either in whole w in part, 10. It is speufically agreed that time is of the essence of this contract and lhat no waive~ oi any obligat~on hereunder w of the obtigation se- cured hereby sha~l at any time thereafter be held to be s waiver of the terms hereoi p of the instrument secured herby. ' 11. In add,tio~ to the forego'ng monthty payments of princ'pal and interest required by the prom:ssory note secured hereby, mortgagor covenants ! ~nd agrces ro pay to mortgagee w~th each monthly payrnent an add~riortal sum est~mated by mortgagee to be equal to 1 f 12 of the annual cost of the foiiow- ~ ,ng: ~ A-All real property taxes levied w assessed agai~st the above described real estate. ~ B-Prem.iums on fere and windsrorm insurar.ce as herein requ:red to be car,ied on the +mproveme~ts siruafe on the above descr;bec! premises. C-Premiums on such mortgage guaranty insurar:~e as mortgagee sha11 from t~me to time deem fit to carry oo the loan sewred hereby. ~ Mortgagee shall from time to time notify mortgagor in writing of the amount due a~d payable hereunder and such sum shall thereupon be due and :.,;able on the due date of the next momhiy payment and each wccessive month thereafter ur.ril mortgagee shall noGfy mortgagor of a change in such .~+ount_ Such sums sF.aH be applied by mortgagee toward the payment of real p.operty ta~es, insuran~e prem:ums, and mortgage guaranry insurance ~-emiums. ' IN WITP~E55 WHEREQF, the said MORTGAGOR has hereunro ut his hand and seal the day and year firs! aioreuid. 4 Si ned, Sealed and delivered i?i the ~ 9 presence of: f~ ,r i ~ ~ ,r , , - ~ Llo d T or ~s' (Seal) - - t n lSeat) ~ , af) ~ C1otiZde F. TAylor ~ S~ATE OF FIORIDA ~ ~ :OUt~TY OF St • L l1C 1@ ~ Beiore me perso~ally appeared Lloyd Taylor a~d ~ CZOtll(jC F. ?aylor his wife, to me well know~ and known to me to be rhe individuals described in and who executed the foregany instr~ment, and ack~owledged before me that they executed the same for the, purposes rherein expressed. And the said Clotilde F. TaYlor i r~~fe of the aaid _ 1_7nT~ Tg3,~tnr upon a sepsrate and prnete t e=amiaation by me taken separafe and aparf from her said husband, acknowledged to and before me that she executed said instru~nthfroQly and ~olun- ; ra-;ly and without any compulsion, constraint, appr erpion, or fear of or from her said husband. =j,~ . r n. , ! - WITNESS my hand and offic~al seal thi ~ day os_ Febr ur ry ;,~~:I~.~'~ A. F ' - . •i ` 4~~ t-~ .'L S - - 1~ ~ ;1 i i i ~ L - 7 - A - _ ! Notary Public in and for the StaTe~tor"~a M-lar8e My Commiuion exDires: ~ ~ -j-~ 1 ' Return To: ~.t , r' First Federal Savings 3 loan Association - - ~ , ~ . ~ : ~ ` • . ~ Of Fort P~erce. f ` Fort Pierce, Florida l•;~ 4 ~'+n , . . FI~EO s~:~ RECORDED ~ ST. tuc.c ~uu.vir Fu. ; This Mstrument Prepared By J. H. Roberts, Jr. RO;,~.F i'7~3~pS ~ First Federal Savings & Loan Association CLERK Ci";,UtT rOURT of Fort Pierce Florida RECOR^ v~= "~£D . € c ' Checked By 1 E8 ~0 Q$ aH ~73 ; 24'78Q5 ooQKz10 PacE2989 Sh ~ - - - - ~ _ ~