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Io pi~c~ ~nd con?inuously ke~p on ~M bui'din9i ~ow a hereaftN situal~ o~ said land and on all equipment and ptrwnally cov~r~d by ~his ma~q~ p~, with all prtmiumt ~hsrcon pa~d in (ull, (ire in~ur~nce i~ ~M usual sundard poticy fam. in a~um .pp~ovsd b~ tM MORiGAGEE, and w~ndstwm inwr~nc~ in ~M uswi uanda.d pol~cy (wm, in ? sum ~ppror~d by ~he MORiGAGEE, in wch campany o~ con+pan~t~ tM MORiGAGEE may d'a~ttt u?d all tin ~nd winduam i~urar+c~ policies on ~ny o( taid bui:d~rps. s~y I~~sres~ tM~ei~ w parf the~eof, i~ Ih~ ~pprey~te wm aforesaid ot In ~xc~u the.wf, shall conain ~I,~ uwal iundard mortpa9N cisus~ o. suth aha clavs~ a tM Mortya~N may rpu~r~. maAinp ~h~ lo~ unde+ ~,~d poli~ cip, e~ch ~nd evKy, paysbl~ ~o ~~id MORTGAGEE as its interesl rruy ~ppsar, a~d each and ~vtry tuch policy ~hall i» p~omptly aas.gned and detivered ~o ~~y Mld by s~~d MORiGAGEE a fu~the~ iecurity ~o said mor~ya9e debt, and, na teu tMn Ien (10) d~ys in advance of ~he e~pir~tlon oi each polKy, to dr tivN to qid MORTGAGEE a?Mewal the~eof, fopeth*r with • recaipt fa th~ pr~mium of suth ronewal: and 1hei~ sMU b~.no f~re or winds~orm insur+nc~ pl~nd on any of said buildinys, any intaest tF~er~in or p~rl the~eof, vnles~ io IM iorm and w~th 1M lou payabt~ ~i ~iwesaid; ar+d i~ tM •v~nt any swn of mo~~y becorms payable ~nder such polity or polities uid MORTGAGFF sMU haw tM opt~o~ 1o receivs ~nd •pply the iame on accoun~ ol the indebted- neu tecured l~eby o~ ro pe~mit said MORTGAGORS ~o reteive ~nd uw it a~ny part ~hereof fw o?hcr pu~poses, w~~hout Ihsreo~ wa~~~ng o~ m~pair- in9 any equity, lien w right unde? w by virtue of thi~ mo:ty~e; ~nd in dw ~ven/ aid A10RTGAGORS thall 10? any ~eason f~il to keep the s+7d premises io insured, or faFl ta deliva pomptly ~ny of uid policies of in~urante to said MORTGAGEE, w(ail promptly to pay fully any pre~nium therefa ot in any ~ retpect fail ro perfonn, diuMrge, execute, effect, complete, comply with and abids by this cove~ant, w a~y parl he~eof, said MORTGAGfE may pface s~.d pay fo~ :uch intu~ancs u any part thereof without wa;vinp o~ affedinp ~ny option, lien, equiry, or right under w by virtue of this Matgsge, +nd the full smounl oi each ~nd every wch payment shalt be immedi~tely dve and pyable ~nd shsll bea~ interest from ~he date the~eof u~til paid at the ra~e of nine per tenfum per annum and together with such interest shall be aecured by the lien of thit matgags. ` 1. To permit, commit or suffer no waste, impairment or deteriwation of said property w~ny psrt thereof. 5. To pay all aod urgular tAs costs, charges and expense~, including s rcasonable. anomey i fee and costs of abetracts of titta, incurred or psid a~ eny time by said MORTGAGEE, because w in the event of the failure on tF?e pan of the iaid MORTGAGOR to duly, promptly snd fulty perfo?m, diuherge, execute, effett, complete, camply with and abide by each and every the stipular~ons, agreements, conditions, and covenants of si~d promiswry note and thi~ matgsge any a eithe?, and said costs, charges and expensas, each and every, ahall be immedi~tely due and payable; whether w~na there be norice dr mand, attempt to coUett w wit pendi~g; s~d the full amount of each and every such payment shall besr ineeresf from tAe dite thereof until paid a1 the rate of nine per cenrum pe~ annum; and all said costs, charges and expenses incu~rnd or paid, together with such interea~, shall be ucured by the lie~ of thit mort~aqe. 6. That (a) in the event of any breach of this Mortgage or default o~ Ihe pan of the MORTGAGOR, a(b) in the event arty of ssld sums of money he~ein referred to be not promptly and fu!!y paid within tAirty {3p) days next after the same severalty become due and payable, without tlemand or aotite, or (cJ in the event each and eve~y the stipulario~s, agreements, conditions and covenants of sa:d promiuory note and th~s mortgage any a eitl~er are no1 ~uly, promptly and fully perfwmed, diuharged, executed, effected, completed, complied w'eh and abided by, then in e~ther a sny such evem the said ag gregste wm mentioned in said promiuory note then remaining unpaid, with imerest acuucd, and all moneys sec~red hereby, shall betome due and pay- able (wthwith, w thereafter, at the option of said MORTGAGEE, as fvlly and compfetely as ii all of the sa:d sums of money were o?iginally stipulatcd to be paid on s~ch day, anything in u;d promiuory note or in this Mortgage to the contrary no:wi~hstanding; and thereupon o? tlxreafter at the option of said MORTGAGEE, without norice or demand, suit at law or io equity, tFxrefae ot thereafte~ begun, may be prosecuted as if atl moneys setured hereby had matured pnor to ita institution. 7. Thst in the event that at the beginn;ng of w at any time pe~ding any suit upon this Mortgage, or to fweclose if, w to reform it, or fo enfwce payment of any claims herevnder, said MORTGAGEE shall apply to the Coun having jurisd~c~~on the~eof for the appo~ntment of a Receiver, such Coun shsit forthwith appoint s ~eceiver of said mortgaged property all ~nd singuler, includ~ng a!1 and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if speufically xt fwth and desuibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Cbu~t to a Receiver, and auch appointment shall be made by such Coun u an admitted eQ~ity aod a matter of absolute right to said MORTGAGEE, and without reference to the adequacy w inadequacy of the wlve oi the property mwtgaged or to the sonrency or insolvency ot said MORTGAGOR a the defendants, and that such rems, profits, incane; iuves and revenves shall be apptied by such Receiver acto~ding to the lien w equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promprly and fully perfotm, discharge, execute, effect, complete, comply with and sb3de by each and every tFK stipulaYans, agreements, conditaro and covenanrs in uid promissory note and this mortgage set iwth. 9. That in the event the ownership of the mortgaged p~emises, or any part thereof, becomes vested in a person other ihan the MORTGAGOR, the MORTGAGEE, its successws and ass~gns, may, without notice to the MORTGAOR, deal wi~h such svccessor or successor in interest wi+h reference to ~his mortgage and the debt hereby secured in the same manner'as with Mortgagw without in aoy way vifiating or dischargir~g the Mortgagori liability hcre- under p upon the debf hereby secured. No sale of the premises hereby mortgsged and no forbearance on the part of the MORTGAGEE w its successon or assigns and no extension of fhe time for the payment of the debt hereby secured given by the MORTGAGEE or its succeuws or auigns, shall operate ro release, distharge, modify chartge or affect fhe orginal liabil;ty of the MORiGAGOR herein, either in whole or in part. 10- It is spec7fically agreed that time is of tF~e esunce of this contract and that no waiver of any obligation hereunder w of the oblgaf'wn 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~tion to the forego:ng monthly paymems of princ"pal and interest required by ihe promissory note secured hereby, mwtqagor covenants and agrees to pay to mortgagee with each monthly payment an addir;onal sum estimated by mortgagee to be equal to 1~12 of the annual tost of the fol{ow- ing: A-AU real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as he~ein requ:red to be carried on the improvements situate on the above described premises. C-Premiums on such marfgage guaranty insurance as mortgagee shail from time 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 payable he~eunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in sucF~ amou~t. Such sums sh.afl be applied by mortgagee toward the payment of real property ta:es, insurance prem:ums, and mortgage guaranty insurance o~emiums. WITNESS WHEREOF, the wid MORTGAGOR has hereunto set his hand and seal the day first said. 1,, ~Se and deliver he pr of: ~ie1, ~ e `t~/C.:~J' ~ d ~ +n j Ro ert J. Kre z an ! n E - Sharon W. Krena r an ~ ! STATE OF FLORIDA ~ cour,nr oF St. Lucie # u- ~ Befwe me personally ap~~ e~e~bert J. Krenzer a~ $ ron . his wife, to me well known and known to me to be ~ the individuals desuibed in and who executed the foregoing instrument, and atknowledged lxfwe me that they executed the same for the purposes ~ Krenzer ~ rherein expressed. And the said Sharan W. ~ wife of the said Robert .1. Krenzer upon a rate and rvate ~ examinatio~ by me taken uparate and apart from her said husbartd, atknowledged to end before.me that she exetuted said instrvmenslPfr~ly end olun- ~ rarily and w~thout any compulsion, constraint, sppre s~ , w 1~ar of or from id husband. ~ ~ WITNE55 my hand and official seal thi ~ - ~ day ~ h p~y 73 ~ r t ~i. 's - ` Notary Public in end i the Stete 6~ ~Ip~id~~tjiiipf ' ~ My Commission expires: , : ~ ' ~ Retum To: • ~ ; ~ ~ . ~ First Federal Savirtgs b loan Association . ' ? ~ ~ , , ~ ; ~ C? tl.~(~ }t a ~ Of Fort P[erce. ' ` ~r~ ~ . 1~~ a .IiiYG~J ' ' I`._ , l'? z Fort Fierce. Floaida ..~,,r , ' r . ..;7,!`_~,~ ' . . ~ a •y . . ~ ~i•. ~5~~ ~ ~ This Instrument Pre ared B Gary F. Ellwood j ~ p y ftl.EO AHD REC~AD~Q First Federal Savings 8~ Loan Association ST.IUClE C04M Y fu~. ~ of Fort Pierce ROCEIi P411RAS t , FloY ida CIERK C~RCU11 COURT ~ RECORD VEftIF1EG ~ Checked By +~5~569 ~ ~ ~l io Z~ ~ ~r3 ~ BOOK 212 PAGE 90'3 sb ~-,w - - _ _ _ - - - - - - `a S. ~3`: .l' h ~ a r~ _ ` ~ _ ~°~Y~{ " '_.c r~::_i:~;~