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Tb p1~c~ and cominuously kcep on the bu~!d~ngs now or Mreaft~~ iituaq on said I~nd and on all cqu~pmenl and pe~ionaity cove~ed by fhis ma~g- s~~, with ~fl premiums the~eon pad in full, (~re inswanca in ~M usvsl irand~rd policy fam, in a sum app~oved by ~he MOR~GAGEE, and w~ndstam insur~nc~ in tM uiwl ita~dard pol~q iam, in a ium approvad by tM MORTGAGEE, i~ such compa~y or compa~i~s ~t ~h~ MORfGAGEE may direc~j ae~d dl fir~ and windstorm ins~ianc~ polictes on any o/ iaid build;nyi. any inNrts/ therein o~ p~rt lhereof, in tM apyre9a~e sum •fore~s~d or In ~~ecesi IAereof, shall contain ~he vi~al slanda~d mortya9e~ cl~ute w suth olhtr tlaus~ ~s 1M Mwtqa9ee m~y ~equ~rs, makir+q ths losf unde~ ~a~d po1F cie~, each aod ~very, payable ro said MORTGAGEE as ~ts in~ercst may ~ppear, a~d each and tvmy iuch poiicy ihsit be prompHy ass gned a~d del;vered ~o any hetd by s~id MORTGAGEE a~ funher secwity ~o said matp~ge deb~, and, not less tMn ~en (10) dsya in advarxe of the expiroYon ot each policy, ~o da liver to said MORTGAGEE ~ renewal thereof, toye~her with a rKeipl fo? the p~emium ot tuth renewal; ar+d there shall be ra iire or windstorm insurante pl~cad on ~ny of said bui!dings, any infcresl therein or part thereoi, u~leu in ths fo+m and wi~h the lou psyable as a(oresaid; snd in the evenf a~y sum of mon~y becomes payable unda such polity w policies taid MORTGAGEE thall have the opt~on ~o receive s~d apply the same on accounl oi the indebted- ness setured F~rOby w to permit said MORTGAGORS t0 ~eCeivO and us0 it W aoy part thereof fw ofner purposes, vsithput tb~rcu~ waivin~ O+ unpair- irp any equity, lien or right undei w by virtw of this mo:tgage; and in the event taid MORTGAGORS shall fw any reason fail to kxp the sa~d p?em~sas so insu~ed, Or fait ro delive? promplly any of 3aid policies of insurante to said MORiGAGEE, w fail promptly lo pay fully any premium therefo~ or in any respect fai( to psrfwm, discharge, execute, effect, complete, comply with and abide by this covenant, a any part hereoi, said MORTGAGEE msy place a~d pay iw such in~urance or any parf thereof without waiving or affeding any opYwn, lien, equity, or right under w by virtue of this Mortgage, and the full ~mount of each and every such payment shall be immediately due and payable and shall bear interest from the data theieof uroil paid at the rate of nine pei centum per snn~m and togethrr with suth interest shali be secured by the IiM of this mort9age. 1. To permit, commit or wffer no waste, impairment w dattrioration of said property p any part thereof. 5. To pay all a~d singular the costs, cMrges and expenses, ~ncluding a reasonable attorney i fee and costt of abst~acts of title, incurred or paid a~ any time by said MORTGAGEE, btcause w in the event of the fa~lure on ~he pa~t of tF~e said MORTGAGOR ~o duly, Qromptly and fully pe~form, d~scharge. execute, efted, complete, comply w~th and ab:de by each and every the stipu~ations, agreements, conditions, and covenants of sa~d prom~ssory note'and thii matgage any o? either, and said costs, charges and expenses, each and every, shall be immediatety due and payabte; whether w not the~e be ~o~ice de mand, attempt fo coJlett pr suit pending; and the full amou~t of each and every svch paymenl shall bea. interest irom the date thereof until paid at the rate of nine per centum per an~~um; arx! all uid costs, charges and expenses incurred w paid, together w~th such interesl, shall be secured by the lien of thit mortgage. 6. Thst (a) in the event of any breach of this Mortgage or defaut~ on the part of the MORTGAGOR, w(b) in the evMt any of sa~d sums of money herein reFerred to be not prompfly and fully paid wi~hin thnty (30) days next after the same seve~atly become due and payable, without demand or notite, or (c) in the event each and every the stiputations, agreements, conditions and covenants of sa~d promisso~y rwre and th~s mortgage any w either a~e not ~uly, promptly and fulty perfwmed, d~xharged, executed, effected, completed, complied w~~h and abided 5y, then in either or any such event the sa~d ag- gregate sum mentioned in sa'~d promissory note tben remaining unpaid, with interest accrued, and all mo~eys secured he~eby, shatl become dus and pay- j abte forthwith, or thereafter, at the oprion of ta;d MOR7GAGEE, as fully and completely as if all of ~he said sums oi money were wiginally st~pulafed ' to be paid oo such day, anything in said promissory note w in tfiis Mongage to ?he con?rary notwithstandiog; and thereupon w thereafter at the opt~oo of ; said MORTGAGEE, withoul ~otite w demand, suif af law w in uit therefore o? thereafte~ i eq y, begun, may be prosecuted ss if all moneys secured hereby had matured prior to its irotitution. 7. ihat in the event that at the beginning of w at any time pending any su~t upon this Mortgage, w to foreclose it, w to refwm it, or to enfo?ce payrrKm of any claims he+e~nder, said MORTGAGEE shall appiy to the Cou~t having jur~sd~uion thereof for the appointment of s Receiver, such Cov?t shall iorfhwifh appoiM a~eceiver of said mortgaged property all and singolar, includ~ng all and singutar the inmme, profi~s, issues and revenues from whateve~ source derived, each and every of which, it being expreuly unders~ood, is hereby mortgaged as if specificatly set forth and dexribed in 1he granring a~d habe:xlum clauses hereof, and such Receiver shall have a!I the broad and efiective funct,ons and powers in anywise entrusted by a Coun 1o a Receiver, and such appointment shall be made by such Courr as an admitted equity and a matter of sbsolute right to said MORiGAGEE, and witl~o~1 re~erence to the adequacy w inadequacy of the value of the property mortgaged or to the so~vency or insolverecy of said MORTGAGOR a.the defendants, and ~hat such rents, pro(its, intome, issues and reve~ues shall be applied by such Receiver according to the lien ot equity of said MORiGAGEE and the practice of such CouR. . 8. To duly, promptly and fully perform, discharge, execute, efiect, complete, compty with and abide by each and every the stipularions, agreements, conditions and covenants in sa~d promiuory nme and this mortgage set fwth. _ 9. That in the event the ownership of the mwtgaged premises, w any part thereof, becomes vested in a penon other than the. MORTGAGOR, the - MORTGAGEE, its succeuws and assigr.s, may, wifhout notice to the MORTGAOR, deal with such s•xceua w successor in interest with reference to this mortgage and the debt hereby secured in the same mann~r as with Mortgagor w~thout in any way vitialing w dixharging the Nlortgagors' liability hert under or upon the debt hereby secured. No sale of the premises hereby matgaged and no fwbearante on the part of the MORTGAGEE w ib successon or assigns and no extens~on of the time ia the payment of the debr hereby secured given by the MORTCAGfE o~ its successors or auigns, shall operate ta release, dixharge, modify change or afiect the o~iginal liability of the MORTGAGOR he~ein, either in whole w in part. 10. It is specifically. agreed that time is of the essence of this contract and lhst no waiver of any obtigat~on hereunder or of the obtigation sr c~red hereby shall at sny time thereafter be hetd to be a waiver of the terms hereof w of the instrument secured herby. 11_ fn add~tion to the forego"ng monthly paymenrs of princ"pal artd enterest ~equired by /he prom~ssory nole secured hereby, mwtgagor covenants and agree: to pay to mo:tgagee with each monrhly payment an add~~ional sum estimated by mwtgagee to be equal to 1 j 12 of the annual tost of the follow- ing: - A-All real p~operty taxxs levied or assessed against Ihe above described real estare. B-Premivms on fire and windstoi~n insurance as herein requ;red to be carried on the improveme~ts situate on the above described premises. C-P~emiums on such mortgage guaranty insurar.ce as mortgagee shall from f~me to time deem fit to carry o~ the Ioan secured hereby. Mortgagee shall from time to time notify mwtgagor in writing of the amount due and payable F~ere~ndrr and such surn shal( thereupon be due and Fayabte on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shat! notify rrwrtgagor of a change in such amount. Such sums sF.ail be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~id mortgage guaranty insurance premiums• IN WITNESS WNEREOF, the said MOR]GAGOR has hereunto set his haod and seal the day and ear first aforesaid. Si9ned, Sealed and delivered in the presence of: i _ ~ ~ ~ , - f (Seeq (Seal) (Sean , STATE OF FL aion - udith A. Lally L uc ie ~ u- COUNTY OF $t • Befae me persorally appeared Patriek 8. ~lly a~ , Judith A• t.,ally? his wi(e, to me well known and known to me to be = the individua(s desuibed in and who executed the foregang instrument, and acknowledged beforr me fhat they executed the same for the purposes therein expressed. And the sa~d_ Jtialth A. Lally ~ w~fe of the said PBtriC~C B. I.A113? ~p~n a separate and private examinat~on by me taken separate and apart from her said husba~d, atknowledged to and befwe me that she ezecuted said instrument freely and voluo- rarity and without any compulsion, constraint, apprehe~~~pr fear of or from her }aidr v}band, E Ap 1 73 i WITNESS my hand and official seat this 1 day of • ~~q_ p, ~q ~ , ~ ~ j Notary Pubtic in and for the Sti ~bf~ Floti 'a~` Large i My Commiuion expires: p c: Retum To: NOTARY PUB~1G $qTF,pf F~ORID~1 et ~ First Federal Savings 6 Coan Association S'~~Ik~$ ~1 ~S ~ iNY CO'..t I? t9fj ~ [ 2'l.~.197 ` Of For? P~er[e. Bond.d TF.ru Crny~ql ~ fort Pierce. Florida 252130 ,c.:9.• 7 ' . . ~ ~ ."l~' 3 ' ` ~ . ~ This Instrument Prepared By Gsry R. Bllwood f LEO A1'10 REC0110E First Federal Savings & loan Association- S~. IUCtE COUIiTY f~ of Fort Pierce , F2orida ROCEFi ?0~7RAS ~ CIERK Ci:tCUlt COUItT j ~h~k~ BY RECOR;~ YERI~IED ~ ~4 ~ An 16 12 !4 PM'o a 8Q~x2~3 ~4~ . - - r -"m.-~ ~ _ - ~