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To p~ace and contin~c..aty keep a+ the Lu~'.1~~~g~ ~~o~ w I:r~raf~er ~~t~eie on se~d ~and a~~d on ~II rqvip:,~rn? and persona~~y covered by t~is ma~g~ p~, wilA •II p~i~~~um~ Ihereon ~~a:d lutl, lire ins~~an.e m ~he usual stenda~d po~~q form, in • sum approved by ~he MORtGAGEE, and winds~wm inwranc~ in ~he uswl uandard po~•cy torm, in a wm s~:pro+ed by the MORTGAGEE, such canpa.+y or co.npa~~es as 1he MORiGAGEE ~++y dintt; and all lir~ and windeturm insurante pol~cies on ~ny of seid build~nqs, any inte~esl therei~ w part thereol, in tM +ggreg~q sum alo.~ta~d o~ in ~:cess Ihereof, ~hall con~ain ihe usual sfa~~dard ma~gagee clau~e w such o~her clause as the Mo~iyayee may require. makirq the lou unda ~s~d poli~ cies, each and every, payab~e lo sa~d MORTGAGEE as ~ts inte~ast may appear, and each and rve~y such po!~cy ahall Ix promptlY +z~ gnrd and de?ivered ~o any held by s~~d MORTGAGEE as ~urther secwity to said mortgage debt, and, not tess ~ha~ 1en (101 days in ad~ance ol thQ tapuation of each polity, ro d~- liver lo sud MORTGAGEE a raxwal the~eof, toge~her with • receipt tw the p~~mium ol suth renewal; and ~here shall kx oo fi~e o~ wi~~dsrorm iniur~nc~ placed on •ny of said buitd~ngs, any interest therein w parl thereof, unless in the (orm and w~th Iha loss payable as aforesaid; and in tFK event any sum of money becomes payable under such polity o~ po~~cies sa~d MORiGAGEE shall have the opt~on ~o re~r~~e and apply the sanx on accoun~ ol the i~idebted- ness secured hereby o~ to permit sa~d MORTGAGORS to rccr~ve and use it o~ any part ~hrrrof ior o:i~.•r pu~~~osrs, v.~tho~t ~h ~n bI waiv~ cr m.pa~r- ~ng any equlty, Gen w rtght under or by vir~ue of ~his mo::gage; end in the eve~~ w~d MORTGAGORS sha!I fa any reason (ail to keep thc sald p~emisas w insured, w(ail to deliver promptly any of said po~~ues ol insurante to sa~d A10RTGAGEE, or faJ pro~.~ptly to pay (ully any pre~n~~~n therefw or in an~ resped fail to perlorm, d~scharge, execute, elfect, comptete, comply with and abide by Ihis covenant, a any parl hzreof, si~d MORTGAGEE nwy piace a~xi pay for such i~~urance or any part thereof withoul waiving o~ affecting any opt~o~, lien, equity, or righ~ under or by virtue of ~his Ma~gage, and the full amouN of each and eve~y wch paymant shail be immediately due and payable and shall bear interesl (~om tha date thcreo( u~til pa~d at the rate of nine per centum per annum and together w~th auch intereat.shafi be se:ured by the lien of this mortgage. 1. To permit, tommit or suffer no wasie, impairment or deterioratio~ of aaid property w any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of absrracts ot titte, incuned or paid al any time by sa~d MORIGAG:E, because or in the event of the ia~lure on the part of ~he said MORTGAGOR to duly, promptly and fully per(orm, d~scharge, execute, etfect, completQ, cornply with,and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of said promissory note and thia mortgage any or either, and sa~d cest~, charges and expenses, each and every, shall be immediately due a~d ywyable; wh.:ther p not there be notice de mand, attempt to collect or suit pend~ng; and ~he full amount of each and e~ery such payment shafl bear interes~ from Ihe date thereof unril paid at the r.;te of ninc per :~ntum par an~:unr, anc' atl aaid costs, charges and ex~enses ~ncurred or paid, toyethrr w.~h wch interest, shall be sec~red by the lien of this mwtgage. _ 6. Tha1 (a) in the event of any breach of this Mortgage or defautt on tFw part of the MORTGAGOR, or (b) i~ the evenf any of sa~d sums of money herein referred to be not pranNtly and fuily paid within thirty (30; days ne,et atiter the same severatly become due and payab~e, wi~hout demand or not~ce, ~ or (c) in thr event each and every the stipu:atio~s, agree~nents, cond~rions and tovenants of sa.d pron,issory note and th~s mor~gage any or either a~e no1 ~uly, promptly and lully perform~d, d~scharged, executcd, elfected, compfeted, complied w~th and abided 5y, then in e~ther or any such event the said ag- oregate sum memioned ~in said pronussory nota then remaining unpaid, with interest accrued, and all moneys secured hereby, shatl betome due a~d pay- able forthwith, o~ thereaher, at the opr;a~ of said MORTGAGEE, as fully and completely as if all of the said sums of money were orginally stipuiated to be paid on such day, anything in sa.d p~o:nissory note or in this Mwtgage to the coNrary nmwithstanding; and thereupon or thereafte~ at the option of szid MORTGAGEE, without notice or demand, su~t at law or in equity, therefore o~ thereafter begun, may be prosecuted as if all moneys secured heteby h~d matuted pr~or to ns instit~tlon. 7. That in the event that at the begin~ing o( w at any ti~ne pending any s~it uFon this Mortgage, or to foreclose it, or to ~eform it, o~ to enforte payment of any dai~ns he~eundrr, said A10RTGAGEE shall apply to the Court having jurfid~ction thereof for the appo~ntment of a Receiver, such Court shal{ forthwith appoim a ~e:eiver of said morlgaged p~operty all and sia3utar, includ:ng all and sinqu~ar the irtcome, prof~ts, issues and revenues from whatever seurce derived, each and every of wh~ch, it be~ng exprrssly unders~ood, is heieby morigaged as if spec~ficaliy set forih and described in the 9ranting and habendvm dauses hereoF, and wch Receiver shail have all rhe broad and effective funct~ons and powers in anyw~se em~usted by a Co~rt to a Receiver, and s~ch appointment shal! be made by such Court as an admittzd equity and a ma~ter of absolute right to said MORTGAGEE, and without reference to the ad~quacy or inadrquacy of the vatue of the property mortgaged or to the so:vency o? mso:verxy of said MORiGAGOR w Ihe defendams, and ?hat such renrs, proFifs, incorne, issues and revenues shall be applied by such Receiver accord~ng tu ~he lien o~ equity of said MORTGAGEE and the practice of suth CouA. - 8_ To duly, promptly and fu;ly perform, distharge, execute, effect, complete, compl~ with and abide by each and every the stipulations, agreements, t ccnditions and covenants in sa~d promissory note and this mortgage set fwth_ 9. That in the event the ow~ership of the mortyaged premises, or any part thereof, becomes vested in a person other than t}x MORTGAGOR, the A",ORTGAGEE, its successors and assigns, may, without no~ice to the h10RTGAOR, deat with such s~ccessor w. successor in interest with reference to fhis mcrtgage and the dzbt hereby secured in the same mannr~ as with Mortgago~ w~thout in a~y ~vay vit:ating or d~scharging the Mcrtgagori liability herr ~nder or upon the debt hereby secvred. No sa:e of the premises hereby mortgaged and no io:bearance on the part of the ?hORTGAGEE or its successors or assigns and no extens~on of ~he time for the payment of the debt h~reby secured given by the MORTGAGEE or its successws or ass;gns, a~~all operate to release, d~scharge, mod~fy change or affect the o~iginal liab~i~ty of the MORiGAGOR herein, either io whofe or in part. 10. It is speuficaliy agreed that time is of the essence of this con:ract and that no waiver of any obl~gation hereunder or of the obligaYwn st cured hereby sha!i at any time thereafter be he:d to be a wo~ver of the terms hereol o~ oi tAe instrument secured herby_ 11. !n aad:t:o~ to the forego'ng month!y paym~nts of prir,c pal and interzst required by the prcm~swry no!e secured h~reby, mortgagor covenanis and agrees to ~ay to mo-tgagee ~tiith each mon*hiy par~nent an add~~ional wm es~~mared by mortyagee to lx eqval to 1; 12 of thr annuat cost of the follow- in~: - A-A~1 reat property taxaz !evied or assesseti agsi•~st th^ above desuibed r_a~ estate. B-Fren:~ums on fire and w~ndsrorm insurar.ce az he~ein requ~red to be carried on the improvements s~tvate on the above described premises. I' C-Premiums on s~cFi mortg ~ge guaranty ~csvra~.ce as mo-tgagee sha:l 'rar t me to time deem fit ro carry on the loan secured hereby_ 'j Mortgagee shall from time to time notify mcrtgager in vniting of fhe amount due aod payable hereunder and such sum shall there n be due and ~ ~.syable on the dve da!e of the next month:y paym~nt and each successive month thereaiter ur.tit mortgagee shall notify mortgagor a hange in such I o~nt. Such s~ms sFa:l !,e applicd by mortgagee totivard the paymrm of real property tazes, insurance prem.ums, a~~d mwtga gu ty insurence ~ p~rmi~ms. j ! IN ~'11TNESS 'llN~R~OF, the said MORTGAGOR has hereu~to set his hand and seai the day and year i es S S" , Seated and deli in t presence Sea~ _ ~an ~ {Seal) ~ ~-Z~ Gwe dol 2est ~~ap 57AT Of FLORIDA ~ St Luc ie COUtJTY OF ' ( Before me personally appeared Alfred L. Test and Gwendolvn Test h~s wiie, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ;herein expressed. And tne said- G~endolyn Test r,ife of the said - _ Alf red L Test upon a separate and p~ivate examination by me taken separate and apart frorr~ her id h sk~and, acknowledged to and before me that she executed said instrumeM freely and vo~un- taniy and w~tho~t any compuiseon, constraint, appreh o, rf4e~r of or from her nd. M A. D. 19~~. WITNESS my hand and off~ual seaf this__ _ day of ~ C.L%!_~~'.~ , . otary Public in and for the 5tate o( fbrida ~t.l.arge ~ y Commiasion expires: . . ' Retum To: ~ : _ ~ First Federal Savings S loan AssOtiation ~`:TARY PUBLIC, STATE of FL.ORIDa ~i~LARG ~ ~ COh15'~SSIOY EXPIRES IAN. 7, 197~ • Of fwt P.erc^. _ rI ~ For c~,,~c. F;o,~d3 ~::uded By AmerKan Bankers lct~Ir~ae:C.~ ~ ~ 1 ~1 2~5~QD~?'25 - ,r ~ Gary F . Bllwood ~~~EO ~[C~ROt~ • { : ~ . • This Instrument Prepared By aT.IUC~E COU1i Y~L . First Federal Savings 8 loan Association ROC~a ~~i~RAS of Fort Pierce Rlarida C! f~1! C'^.:U1T :O~RT • nFC~F: v•c!_,cD.~.._~ ~he~k~ By _ - Ma~ 18 ~ 39 PN'73~- ~ SOOK~r14? A~f sb -~r - z. - = - - - - - - - - ~ -