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To pi~ce •nd continuou~ty ks~p on the bui!di~ys now a Mreafttr ~itu~t~ on iaid lud and on alt eq~ipment and ptrsonslly covNed b~ thi~ more¢ p~. with ~11 premiumf Iherlon pa~d in futl. i~re insu+ance in th~ usual itardud poli~y fwm, in ~ wm approwd by tFw MORiGAGEE, and w~nds~an~ Inswance In tM uswl uandard pol~cy lam. in ~~um appror~d by ~M MORTGAGEE, tn wch company a compa~+N a th~ MORiGAGEE enay dv~ctj ~nd atl i1r~ ~nd wi~dirorm irouranu policie~ on ~ny of i~id build~ops, any infNt~f thNfin OI pNf lhfrlOT, 1n ~Fw ~reya~e swn N«esa~d or In uccess thereof, shall contain tM usual ~randard mortpay~ daus~ w such o~h~. dauw as tM Ma~q+y~ may rpuK~. ma?inp ?h~ bu unde. ad polr ciet, each ~nd ev~ay, payabl~ to said MORTGAGEE as ~~s interest may appear, and e+ch and ~w.y ~uch polKy shall b~ p.omprty ist.9nrd and delivered ~o ~ny Mld by uid MORTGAGfE a~ fwtAa iecvrity ~o ~id mwty~ye debt, and, nat less ~Me+ tse~ (10) dap i~ advance of the expiratan of exh policy, ~o d~- IivN to wid MORTGAGEE • rMewal the~eof. tope~l+K with a receipt iw the premium of wth renewal= and ther~ shall bt no fu~ or wind~tam ir+suraec~ pl~ted on any of said buildirgs, ~ny Intarest therein or parr thereot, unless in the form and wi~h th~ !ou payabl~ as ~fa~said; and in tM ewm aoy wm of mon~y becwn~a payabls under tuch policy w policies taid MORTGAGEE shall h~ve ~hs optian to ~eceive and ipply the sams on account o( th~ irdebted- neu iecured hereby a b permi~ sa7d MORTGAGORS to receivt and ~s~ it a any pa~t fhereot fw orhe. purpases, w~~hout ~h_.FO~ wa;w;.~ a~~~.pa,r- irg any eqvity, lisn o~ r;ght un<Jer w by vlrtue of thia mortqige; ~nd in the eve~?1 sa~d MORTGAGpRS shall fw ~ny ~eason fail to keep the said premises w insured, o? f~il to deliver promptly ~ny of said polKies of insurancs to said MORTGAGEE, or fail promptly lo pay (u11y any premium ~herefp p in any reipect (aii b ps~(o~m, dixharge, execute, affect, complete, camply wi~h ar+d abids by thls covenant, or any part he~sof, said MORTGAGEE may pl~ce ~nd pay fw :uch iniura~+ce w any part thereof wi~hout waivinp or ~ffectiny a~y option, li~n, eq~~ty, w right u~de* w by virrw o1 this Mu~ga~e, ~nd the full ~mo~rnt of each and every such paymN?1 shall be immediately due s~d payable and shall bea~ interear from the dafe the.eof uotil p.iid at the ratt ol nine per centum per annum and toge~her witA suth interest shaH be secured by the lien oi this mortp~ge. • 1. To permit, commit ot suffer no waate, impairment or deterioration of ssid property p any put thcreof. S. To pay all ~nd siny~lu the costs, charges ~nd expenset, includinp s reasonable attwney's fee and costs of abst.acts of titte, incurred p psid st any time by u~d MORiGAGfE, because or in the event of the failure on ths part of the ssid MORTGAGOR fo duly, promptly and futly per(orm, d~scharge, executs, effett, complete, canply with and abide by each and every the stipulatiau, ~greeme~ri, conditioos, and covenann oi wid promissory note and ~his ^~9+9e ~+~Y or ei~her. and ss~d costs. charges and expenscs. each and every, sh~ll be immed'utely dve and psyabte; wherker a not rhere bs ewr~ce dc mand, attempt to co!!M or suit pendingj ar?d fhe fuU snwunt of each and evcvy wch paymenf sMtl bea. interest from the date thereof w?til paid at the rate of nine per centum per am~um; and all said costs, charges and expcnscs incurred or paid, together w~th suth interest, shall be secured by the tien of Ihif mal~ag~. Q TMt (~j in tke evenf of any breach of this Mo?tgage o~ defavlr on the part of the MORTGAGOR, a(b) in the event sny of as~d syms of ~rwney h~rein referred to be not promptly and fully paid within thirty (30) days next afte~ fhe same severaUy become due and payable, vrithout demand a notite, or in the event exh and every the stipvlations, sgreeme~ts, tond;tions and covenants of said promiuory ~ote and th~s morfgage iny or eiiher are no1 iuly, promptly ~nd futly performed, d~xharged, execured, eifectcd, tompleted, canplied with and abided ~y, then in e~ther or any such event the ss;d s¢ gregate wm mentioned in said prc+miuory note then remaining unp+id, with interest acuued. and a11 moneys setured hereby, shaN becorne dw and pay- able forthwitA, or thereafte~, at rhe opr;on of said MORTGAGEE, as fully and completely as if ~II of ?he wid wms of money were wginally stipuiated ro be paid on such day, anything in sa;d promissory note or in this Mortgsge to the contrary notwithstanding; and thereupon p thereafte~ at the option of said MORTGAGEE, withovt not~ce w demand, suit at law or in eqvity, therefwe or thereafter begun, may be proxc~ted u if all moneys secured hereby had matu~ed pnW to its institution. 7. That in the event that at the beginning of w ~t any time pending any wit upon this Mwtgage, a to foreclose it, or to refwm it, a fo enfwq payment of any claims he.eunder, ssid MORiGAGfE shatl apply to the Cou~t having jurisd~crion thereof for tAe appointment of a Receiver, s~ch Cowf shall forthwith appoiM a receiver of said mwtgaged prope~ty all ~nd sing~kr, includ~ng all and singular the income, proiits, iswes and revM~es fram whatever source derived, each and every of which, if being expressly understood, is hereby mortgaged as if spec~ficatly set forth and deKribed i~ the y?anrirq and habendum clauses hereof, and such Receive? sha!! hsve aU the brosd ~nd effectire f~nct~ons and powers in anywiK entrusted by • Court to a Receiver, and :uch appointment shall be made by s~ch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and wi~hcut reference to the adequacy w inadequaq of the valw of the property morfgaged or to the solverxy w insolve~cy of safd MORTGAGOR a the defendants a~+d that such rents, profits, incwne, ~ssues and revenues shatl be applied by suth Receiver according ro tFk lien w equity of said MORTGAGEE and the praqice of such Court. . ' 8. To duly, promptly and fully perform, discharge, execute, effect, comptete, comply with ar~d abide by each and every the stipvlatiw~s, agreemo~ls, conditans and covenants ~n said p?omisso?y note and this mortgage set fwth. 9. Thst in the event the ownership of fhe mortgaged prem~ses, w any part thereof, bccomes vested in a person other than the MORTGAGOR, fhe MORTGAGEE, its succeuws and assgns, may, wi~hout notice to the MORTGAOR, deat with such wcceuor or successw in interest w~rh refertnce to this mo~?gage and the debt hereby secured in the same manner as with Nbrtgagw withoW in any way vitiatieg or d,scharging the Mortgagors' liability hers under or upon the debt hereby secured. No sale of the prem~scs hereby mwtgaged and no fabearance on the part of the MORTGAGEE w iq suuessors or augns and no extension o( the time for the paymenr of rhe debt hereby secured giv~n by the MORiGAGEE or iu succeuors or assigrq, shall op~rate Io release, discharge, modify thange a affect the original liability of the MORTGAGOR herein, either in whole w in part. _ 10. It is apecificatly agreed that time is of the essence of this contract and thst no waiver of any obligation hereunder or of the obligstion sr cured hereby shall at any time thereafter be held to be a waiver of Ihe tums hereof or of the inslrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ'pa! and interest reqvired by the p~omissory. note secvred hereby, mortgagor tovenants end agrees to pay to mortgagee with each monthly payrnent an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of tFm follow- ing: A-All rEal property taxes levied or assess~d agai~st the above described real estare. B-P~emiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate p~ tF?e above desuibed premia¢s. C-Premiums on such matgage guaranty inwrance as mortgagee sfiail from time to time deem fit to carry oo the ban secured hereby. Mortgagee shall from t~me to time noeify mortgagor in wriGng of the amount due and payable hereunder and such sum sha(i therevpon be due and ~ayable o~ the due dare of the next month:y payment and each success;ve month thereafter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums sh.ail be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy inwrance p~emiums. IN WltNESS YVNFREOF, the sa;d MORTGAGOR has hereunto set his hand and seal tFx day and year first aforesaid. Signed, Sealed and deliver in the presence of: ~ J ~~2~i2:~~ O? ~_iLf~/_~~n ` Blanche B. Pearce, a wido~,q ~.n ~n STATE OF FLORIDA ~ St. Lucie u- couNn oF ~ Befwe me personally appeared Blar~che B• Pearce, a R~dpw a~ ~g~e, to me well known and known to me to be the ind;vidualt described in and who executed the foregoing instrument, and adcnpwledged before me that ihq executed the same fw the purposes fherein expresscd. jl~esii -.vit~~f-~i~s.s~i1 ~p~'~~ ~~'p~~ - axaiwi~stiw~~y~w~t~fKi? ~epa~Mr snd ~par1-fia~n~F~e~ seid~osbardta~b~ovdedged-te and~eiore ~me~FwT sheZxtt+md-sa~d instarm~w inei~r~~wi wMr~~ ~u~Y ~oi~10~~Ih4Vt ~oY-~Puisicr~ tonatcaiot. ~P~ebao~:oa~w oas .oL ~f.oia~naaii J~w~aw1. WITNESS my hand and official seal thi ~ay ~"~=C ~ ~ ' ~19'~3 cti~~ i. ~G - Nofary Public in and fo~ the s oE- Fbi' ~t ~ry~ l, MY Comm~ssion expires: _ r.~_ ee it u~^ Return To: Fint Federal Savings 6 Loan Associafion E t29.:'~- Of Fort P~erce. ! ~ ~ ~ ~ ~ ~ rs~ce_~~~; . .i Fort P~erce, flwida ' ~ ' , 'i . ';.~~,Y~',-: lUClE C4UNTYRFIE,A~. . ~ . ` - ROGER P4ITRAS L This Instrument Prepared By John W. Collins CLERK Ctr!~p~t COURT First Federal Savings b Loan Association RECORB YERtF1E0 ° of Fort Pierce , Rlorida Checked By ~ 10 ll ~ ~73 ~ js Eooc 2~.2 ~~r.E 950 2~55 2 _ : . # , : _ - - _4 _ . . _ _ _