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To plac~ and conrinuously keep on tM buitd~ny~ now o~ h~rea(ter siw~~~ on sa~d land ar+d on di equipment u+d ps~wnally cov~red by this mati~ p~, wi~h all p~emium~ ~herean pa~d i~ full, lire in~ur~nce in tM uiual sur,dard pot~cy (o~m, in a sun+ approred by ~h~ MORfGAGEE, and w~ndi~am ins~r~nc~ in tM uiw~ s~anda~d pol~cy fam, in • sum ~pp~ov~d by ~M MORTGAGEE, i~ ~uch company w companles u~h~ MORiGAGEE may dintlj and all fk~ and windttorm insur~e~t~ politiea on +ny oi Nid build:nps, ~ny i~lerttt thtrtin a part tl+er~ot, in tM apqre9a~~ wm ~faesaid w In ~xceu Ihaeof, iMll contain tM viual standud morepa~e cla~s~ w iuch otha claus~ a th~ MortyapN may requ:n. ma4inp tM bu unde+ s~~d pd~ cies, ~ach ~nd every, paYabl~ to said MORTGAGEE as its ineereat may appear, ~nd each and ~very svch policy ihall b~ promp~~y ~u_yned and del~ve~ed ~o •ny held by said MORTGAGEE as (urthsr sec~rity to iaid ma~y~ge debt, and, not leu thse te~ (10) d~ys in ~dvance of ~he exp~rar~on of each policy, fo d~- I~vN ro uid MORTGAGEE a ren~wal thereoF, tops~hN with • rece~pt fa the p~emium of such renewals +nd tMr~ shall be no fue ~u w~r,ds~orm ir~surance plac~d oe~ ~ny of said buildin~i. any Inte~ett thaein a pa~t thertof, unleu i~ the form ~nd with tM lou payabk u aiwesaid: u~d ~n tht event any swn oi mon~y becom+i payable unda such policy a policies iaid MORTGAGEE ~hall Mve ths optan ro raceive and apply the s+me on +ccoum o( the indeb~ed- nefs secured hereby w w permil said MORTGAGORS to reteive and us~ it w a~y part thereof la othc~ purposes, ~v~~hout th:~ru~ waivi~.g o~ ~~npai~- ~n9 ~ny equ~ty, lie~ w rigAt under or by vi.tue of this mo:tg~ye; and in ths event sa~d MORTGAGORS shaU for any reason fail to keep the sa~d premars so insured, w(ail b delive~ prompNy any of said policies of insu~ance ~o said MORTGAGEE, w fail promptly to pay fully a~y premium therefor w in a~y respect fait b pMfpm, dischargs, execute, elfect, complete, comply with and abide by this tove~anl, p any part hereof, said MORTGAGEE may p~xe ~~d paY ia ~uch iniu~ance w any part thereof without w+iving or affectinp any option. 1'~en, puity. a right unda o~ by virtw of this Mwtga~e. and the fult amouM of each and ev~~y ivcA paymem shall be immediately dw ~nd p+yable •nd shall be+r interest from ti~e dat~ ~he~eof umii paid at the ~a~e ol nine pe~ centum pe+ annum and together with such inte~est sMll be secured by tM litn of thii mottg~ge. - 1. To permit, commit w suffer ~o waste, impairmenl or defeaioration of said property or any p~rt 1lxreof. 5. To pay alt and singula? the costs, chsrges a~d expenses, intluding a reasonable stlwney i fee and costs of abstrstts of title, incurred or psid a1 any time by uid MORTGAGEE, becavu w in the event of the failure on ~he part of the said MORTG~GOR to duly, promptly and fully perform, d~xherge. execute, efiec~, camptete, comply with a~ abtde by each and every ~he stipul~tions, sgreements, cond7tiau, ~nd covenants of said promissory note and ~his _ mwtgage any or eithe~, and said cosb, cha~ge~ and eapentes, each and svery, shall be imrtiediately due and p~yable; whethe? w not there be no~ice d~ mand, anempt ro colktt w suit pending; and the futl amount of each and every svch payment sMll bea~ interest from the date thereof uotil paid at Ihe rate of nine per centum per arn~um; and all said costs, tharges and expenses intu~red w paid, together w~th such interest, shall be setured by the lien of this morrgage. 6. TMt (a) in the event of any kxesch ot this Mortgage w defaul? on the part of the MORTGAGOR, or (b) in the event sny of said wms of money herein refe~red to be not p~omplly ~nd fully paid within thirty (30) days next after the same severatly become due snd payable, without demand or notice, or (c) in the event each and every ~he stipvtatioos, sgreements, cond~tio~s and covenants of w~d promiuory note and th~s matgage any o~ either are not iuly, promptly a~d fully performed, d~scharged, executed, effected, completed, complied with and abided by, then in either o~ any such event Ihe sa~d ag gregate wm meNaoed in said promisswy note thtn remaining unpaid, with interest acuued, and all moneys secured F~ereby, ihall become due and pay- able fo~thwitly w thereatte~, at the option of said MORTGAGEE, as tully and completely as if all of the wid wms of money were agin~lly st~pufated to be pa~d on s~ch day, anythirg in said promissory note or in this Mortgage ro the contrary notwithstandings and thereupon a thereafter sl the opt~on of said MORI6AGEE, without notice a demand, suit at law w in equity, there(ore or thereaher begun, may be prosecuted ai if all naneys uc~red hereby had matured priot to its i~stitution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to fweclose it, w to reform it, or to enforte payment of any tlaims hereunder, said MORTGAGEE shall apply to the Cour1 having jurisdiction thereof for the appointment of s Receiver, such Coun shall ~ fo~fhwith appoint a reccive~ of said.mortgaged prope~ty all and singular, includ~ng all and.singular 1he income, profits, issues and revenuef from whatever ~ source derived, each and every of wh~ch, it being expressly understood, is F+ereby mortgaQed as if specifically set fa~h and desotibed in ~he g~anting a~+d habe~dum clavses hereof, and such Recei~er shall have a~l the b~oad and effect;ve funct~o~s and powers in anywise entrusted by a Court to a Receiver, and i~ch appointment shall be made by such Court as an admitted eq~ity and a matter of absolute rght to said MORTGAGEE, ~nd without refere~ce to the adequacy a in~dequxy of the value of the properry mortgaged or to the solvency or insolvency of said MORiGAGOR or the dcFendants, and that such renrs, profits, income, iuues and reveriuea shall be appGed by such Receiver accwding to the tien a equify of said MORTGAGEE and the practice of wch Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and ab~de by eacF~ and every the stipulations, sgreements, conditioro and covenants in sa~d promissory ~ote and this mwtgage set iwth. 9. That in the event the ownership of the mortgaged premixs, or any part thereof, becanes vested in a person othe~ tfian the MORTGAGOR, the MORTGAGEE, ita successors and auig~s, may, without notice to the MORTGAOR, deal wi~h such successor a successor in iqterest with reference 1o this mortgage and the debt hereby secured in the same manner as with Mortgagor w+thout in any way vitiating or discharging the Mortgagors' liability hert ur.der w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no fabearante on the pan of the MORTGAGEE a iri successors or assigns and no exrension oi the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigro, shall opuate ro release, dixharge, modify thange or affect the original liability of the MORiGAGOR herein, either in whole or in part. 10_ It is speciiically agreed that time is of the esxnce of this contract and that no waiver of any obligation hereunder or of the ob!'~gatan sr cured hereby shall at any time li~ereafter be held to be a waiver of the terms hereof w of the instrument secured herby. Il. In add~t~o~ to the fwego"ng monthly payments of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to mo:tgagee wilh each monthly payment an add~~ional sum est~mated by mortgagee to be equal to 1/12 of the annua~ cost of the follow- ing: ~ A-All real property taxes levied w assessed against the above dexribed real estate. ~ B-Premiums on (ire and windstorm insurance as herein requ~red to be carried on the improvements sitvate on the sbove described premises. C-Premiums on such mortgage guararity insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall lrom time to time notify mortgagor in w~iting of the amount due and paysble hereunder and such wm shall thereupon be due and f Fayable on the due date of the next monthly payment and each successive mo~th thereafter urtil mortgagee shall notify mortgagor of a change in such a~:ount_ $uch sums shall be applied by mortgagqe toward the payment of real propeny tazes, i~surartce prem:ums, and mortgage guaranty inwrance l p~emiums. . _ E IN WITNE55 WH~REQf; t~e sa~d ORTGA has hereunto set his hand and seal the day and year f" st afwesaid.. j ,!)Signed. Sealed and~~detive~ed i the presence f: t ~ " (Sea~ i ~ ~ . ts~a~ ~ . an ~ ~hela F . FulMrood ~x,p STATE OF FLORIDA 1 ~ S$. cour,n oF St. Lucie i Before me personally appeared BeIIIIle FulwoOd and ~ ?he18 R_ Rulrnod his wife, to me well known and krawn to me to be the individwls deuribed in and who executed the fwegarg instrument, and acknowledged before me that they exewted the ssme for the purposes ~ rherein expressed. And the said 2hela R RulwOOd .v~.'e of the said Bennie FLLINOOa ~a~on a sepuate and private e=aminatwn by me taken separate and apart from her said husband, ack edg~ to and before me thst execut said instr ment freely ~nd volurr rarily and witF?w~t any compulsan, constraiM, appr! e'or~~a fear of or ram said Fwsband. ~ i WITNESS my hand and official seal thi day o • A. D. 19. 7~ ; ' r: - _ . . " ~ Notary Publ'~t in nd t State of FlOfit~ h luye ~s : ~ • My Commiuion ex ; ~ Retum To: G k'~/ - i ~ First Fedcral Savings d. loan Association ~ ~ 1- ° ' U - OI Fort P:erce. . p~•, ~ y = Fort Pierce, Florida =1. ~v fnEC AK~ Rfc ~ . sT. iuciE coU~ir ~ " . - ROCER POI11tA! ` This Instrument Prepared By John W. Collins CIERR C;RCU11 ~OUR1 ~ , ~ First Federal Savings 8~ Loan Association pECOR1 YERIF~EO ~ ' ~ of Fort Pierce~ Florida ~ An~ 1~! ii sk AM'~3 Checked By 252'799 goQx ~~3 P~1~23 ~ - - - - - - - - - - _ ~ _ - _ - _ ~~F