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To pl~c~ and continuo~sly keep a+ ~he build~nqs now a hersaf~~r ~Itu~~~ o~ s~~d land and on ~II eq~~pmem +nd pe~sonally cove~ed by this ma~9- 1 p~, with all p~miums tFxreon pa~d i~ lull, }ire {nsuranc~ in ~hs uiud itands.d polKy fo~m, in a sum app~orad b~ ~M MORIGAGEE, •~d wind~tam insw~nc~ i~ Ihe uswl i~andard pol~cy tam, in ~ sum approved by tM MORTGAGEE, In wcA comP+~Y a ca^P+^~K ~i ~RTGAGEE m+y . dir~ttt and atl iir~ and windsiorm iniur~nc~ poticie~ on +~y of aid buildinp~, ~~y int~nst tMrein or put thereol, in tM +9y~e9Ne ium ~faea~d w in ~ac~u thereof, iMll contain tF» usw~ standud mor~qpa~ clause a iuch o~Mr clauw ~i ~M Mo.tflay~s may rpu~r~. m~kirq ~M loss u~ ~a~d pdF k c~a, tach •nd tvs~y. p+Yable to iaid MORTGAGEE af its int~reit may ~pp~ar, a~d each ai+d ~ve~y such policy ~hall b~ p~omp~ly aas yned and delivered to 1 ~ny held by ia~d MORTGAGEE as furrher securiry to said matpags debt. +nd, not less tF?~n t~~ (10) days in +dva~xe oi ~he ~xpir~t~on ol esch polKy, to ds- I~vn to s+id MORTGAGEE + renewal tMreof, to~e~Mr with • rece~pt for the pr~m~wn of such re~ewal; ~nd ~he~~ sMll be no fir~ o~ winds~orm insuranc~ plac~d on any oi faid build~ngs, ~ny ioterett thKein w part therwf, unl~u in tM fwm a~d with ~F+~ lou payable as ataeuid; +~+d In the evsnt +ny sum of money bccomei payable under auch policy or policies wid MORTGAGEE shall Mvs ~M opt~on ~o reteive and apply ~he sarro on +ccoun~ of the i~debted~ ~eu setured hereby w to pe~mif said MORTGAGOR$ fo reteive and us~ it or any parl thr~eol fo~ othcr pu~poses, without th-~eb~ waivi~ig o~ unpair- ing any equ~ty, I~en or rigM under w by v'utue of this mortga9e; and in the ~vent uid MOitTGAGORS shall fw any reason fail to keep the s+id Wemisas so +nsu?ed, a fail to detiver promptly ~ny of said policies of in~urancs to said MORTGAGEE, or fail promptly to pay futly any premium therefw o~ a~Y respect fail 1o pafam, discharge, execute, effect, compkte, comply wirh and ~bide by this cove~ani, o~ any part Mreof, s~id MGRTGAGEE may p~ace a~d psY fw tuth insurance or ~ny part thereof without w~ivinp w affectinp any option, li~n, equity. a riflM under or by virtue of this Matgage. ~nd the full amount of each and evary such payment shall be immediately due and payable ~nd thall• bear interest irom ths date thereof until paid at the ra~a ol ~ nine per centum per annum and to~ether with such inrere~t shall be secured by ths lien of tAit mortgage. ! 4. To permit, commit or sulfer no wasts, impairme~l or deteraration of iaid property o? any part the~eof. ~ 5. To pay all and singular the coats, charga and expenses, including a reasonable sttorney i fee and costi of abstrads of title, incurred or pa~d st ~ eny time by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to dufy, promptty and fully perform, d~sthar9e, ~ execute, etfect, complete, comply wilh and abidc by each and every the stipulations, agreements, conditiwu, and covenants of said promissory note and this mwtgage any or eithe~. and ia~d cosn, charges and eapenses, esch and every, ihall be immediately dur and payable: whether w not there be notice d~ s mand, anempl to colktt w iuit perxling; and the full amount of eath and every suth payment ~hal) bear interest trom the date thereoi umil paid ~t the ~ rate of nine per centum per annum; and all said costs, charges and expenses inturred or paid, together with such interest, shall be setured by the lien of this r mortgap~. • ~ 6. That (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) in the event any of said sums of money ; herein referred to be not promptly and fully paid within thirty (30) days next after the sanx severally become d~e and payable, withoul demand or notice, ~ or (c) in the event each and every the stipulations, agreements, cond~tions and covenants of sa:d promissory note and th~s mortgage any w ei~her are nol ~ ~uly, prompdy and (ulty performed, d~scharged, ezecuted, effected, completed, complied with and abided by, then in e~ther or sny such event the said ag gregate sum mentaned in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby,' shall become due and pay- ab!e iwthwith, w thereafter, at the option of said MORTGAGEE, as fully ~nd completety as if all of the uid sums of money were aiginally stipulated ; to be paid oo such day, anyfhing in sa;d promisswy note or in this Nbrtgage to the contrary notwithstanding; and thereupon or thereatter at fhe op?ion of . ! said MORTGAGEE, without notice w demand, suit at law or in equity, therefae or thereafter begun, may be proxcuted as if all mw~eys secured hereby ~ i had matured pnor to its institution. ' 7. That in the eveot that at the beginning of or at any time pendiog any suit upon this Mortgage, w to fweclox it, o~ to reform it, or fo enfores payment of any claims herevoder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Coutt shall forthwith appoint a receiver of said mortgaged property all and singula?, includ~ng aIl and singu~ar ihe income, profits, issues and revenues from whatever ~ so~rce derived, each and every of which, it being expressly undentood, is hereby mongaged at if spec~fically xt fw~h and desvibed in the g~aming and ~ habendum clauses hereof, and such Receiver shall have sll the broad and effective funct~ons and powers i~ anywise entrusted by a Court to a Receiver, and su.h appointment shall be made by such Court ss an admitted equity and a malter of absotute right to said MORTGAGEE, and wiUaut relere~ce to the ` edequaq or inadequacy of the value of the property mortgaged or to the wlvency or insolvency of said MORTGAGOR a the defe~dants, and that such rents, profits, intorne, iuues and revenues shall be applied by suth Receivt~ according to the lien or equity of said MORTGAGEE and the prattite of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, mmplete, comply with and abide by each and every the stipulations, 5greements, conditans and covenants in w1d promiuwy note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w a~y part thereof, becomes vested in a person other tha~ the MORTGAGOR, the MORTGAGEE, its succeuors and assigns, may, without no~ice to the MORTGAOR, deal with such succeuw or successor in interest with reference to this m.ortgage and the debt hereby secured in the same manner as with Mo~tgagor without in any way vitiating or distharging the Mortgagors' (iability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part oi the MORTGAGEE w its successors or ass~g~u and no extension of the time for the payment ot the debt hereby secured given by the MORTGAGEE or its successws or auigns, shall operate ro release, diuharge, modify change w affect the original liability of the MORiGAGOR herein, either in whok w in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obligatan sr § cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the fwego:ng monthly ~ayments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants ~ and agrees to pay to mo: tgagee vvith each monthiy payrnent an add~~ional sum est~mated by mortgagee to be equal to 1/ 12 of the annual cost of the fnllow- ing: A-AIt real p~operty taxes levied or assessed agaieist thc above described real estate. ~ B-Premiums on (ire and windstorm insurance as berein requ:red to be carried on the improvemeots situate on the above dasvibed premises. C-Prem~ums on such mortgage guaranty ir.surar~ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. I i Mortgagee shaii from time to time notify mortgagor in writing of the amovnt due and payable hereunder ar~ such sum shall thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereafter unti) mortgagee shall notify mortgagor of a change in such aT~o~nt. S~~ch sums sF.a:l be applied by mortgagee toward the payment of real property taxes, insurance prem,ums, and mwtgage guaranty insurance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal t day and year ' iwesaid. Signed, Sealed snd de!ivered in the presente of: aq f s R . N so ,q , aq D~aI!@ r1T • NdSOA (SeaO STATE OF FLORIDA ~ S5. couNrr oF St. Lucie 1 Befwe me penonally appeared ~'10IIaS R• Nason . Diane W• NasoA his wife, to me well known and known fo me to be ths individus(s desuibed in and who executed tne foregoing instrument, and adcnowledged before me that they executed the ume for the purpous Diane W. Nason therein expressed. And the said w~fe of the said ~014aS R• Nason upw~ a separate and private e¦am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volurr rarily and withovt sny compulsion, constraint, apprehensio or fear of or from her said husband. WITNESS my hand and official seal this-T.•~~..~- day of A!il A. D. 19 73 ~ Notary Pu in and fw fhe tate of Florida at Large ; M,, ~x~?~: _ 6~ ~Q 7~" t Retum To: ~ ~ first federal Savings ~ Loan Associafion ~ 's c ~ Of Fort P~erce. •K? + : ' For: Pie~ce. Florida ~'~`~~7;~..~~itr-~. . OR ' ~ s.,,' ~;*~~s?;• _ 4 . • ;~I.EO Ap EC~p~p ' ~,c= t , ~ , LUCIE COUN'r1' FI.A. . : • . . ~s • CLERK eiqCU t COU~T ~ ~ r : ~~:r-~ RECOAD YERIFIEO This Instrument Prepared By F. Hole=gt~;~~,,;~.•-.~ ~z: ~~..z~~~ E First Federal Savings & toan Association ~t~'? ~ ~ of Fort Pierce ~ Rloiida ~r~.~t~ ~.;s.`~ ~ `'~~`•~:-v. Ci ' Checked By ~ ~S!'`' . . . •r':~~f/;~~t • . So~K 213 P~~E 398 dz ~