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To pl~c~ and continvously ke~p on tM build~ng~ now w hereaftN ut~at~ on sa~d land and on all equipment and pe~w~ally covered by this ma~9- p~. wilh all premiums tMreon pa~d in fult, fi~~ insur~nte in Ihs utval standard polity fO~m, in ~~um nPpr« ~d~ ^MsMORT,~r' MORTtiAG E s,m+Y ~nsurance in rM ~swl •iand~rd pot~cy (wm, in a wm app+oved by ~M MORTGAGEE, in ivch compa y W dir~ctj ~nd •11 fir~ u~d windsrorm i~suranu polK~es on ~~y of said build~nps. ~ny inl~rsst tht~tin w parl Ihe~eof, in tM +p9~eya~~ ium d«esaid a In ~xctu thertoi, sMll contain ~M usual st~ndud mortpayN clause o~ such othn claus~ ~s tM MatpaQ~~ may requ~r~, makinp ths loss unde~ sa~d potr cies, each and evay, payabl~ to said MORTGAGEE as its inte~e~t may ~pp~ar. +nd e+ch and evay iuch policy ~hall be promptly +is.9ncd a~d delivered to any held by sa~d MORiGAGEE at further secv.ity to said mat9a~e debb and, not I~u than tM (10) d~ys in advancs oi ~M expirelion of e~ch polity, to da ~ liv~r to iaid MORTGAGEE • rer~ewal therwf, lopethN with a reteipt fw ths p~~m~um of svch renew+l; ~nd Ihe?e shall bs no fire or windstorm f~surance placed on a~y of said buildinys. +ny intereit tF?Ne~n w psrt tMreof. unleu in th~ form a+d with tM lou payable +s +faesaid: and in th~ event any ~um of mon~y becomes payable unda such policy or polKiss wid MORTGAGEE sMll haw ~M optiw~ ro receivs ~nd +pply tne same on accouro of ~!?e indebtrd~ ness secwad hereby a b permit said MORiGAGORS lo receive and us~ it p eny parl thereof io~ o~her purposes, wi~ho~t th_reb~ waivi~ig w~~~~pa7r- ing any equ~ty, lien w rght under a by virtw of this mortyage; ~nd in 1he ~vent uid MORTGAGORS sFwll fa sny reason fail to keep the said p~emises w insured, w fai) ro deliver promptly a~y of said po~icies of insurancs lo s~id MORTGAGEE, w fail promptly to pay fvlly a~y prem~um therefor w in ~ny resped fail ro pafam, diach~rqe, execvts, ef(ed, complefo, comply with and abide by this co`enant, o~ +~Y W?t hereof, said MORTGAGEE may plsce a~.d ~ pay fw tuch iniura~ce or any part tlureof without waivioy w affeding ~ny option, lien. puity, or right u~der or by vir~ue of this Matgage, a~d the full amount of each and every such paymeM shaU be immediately due and psyable and shall bea? interes~ from ths date thereof until paid at the rate ol nine per centvm per annum and to~elher with such interest shall be setured by the IiM of this mwty~ge. 1. To permit, commi~ w suf(er no w~ste, impairment w deterioration of said {xoperty or any part the~eof. 5. To pay all and sinpulu the costs, ~charges and exprnxs, including a reasawble atto~ney i fee and costs of abstrads of tifle, incurred w paid at any time by said MORiGAGfE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pe~fwm, d~uharge, eYecute, effM, comptete, comply with and abide by each and every the stiputations, agreements, conditions, and mvenants o( said prom~swry note and thif mortgage any or either, and said cosn, cha?ges and e:pe++xs, each and every, shall be immed+ately due and psyable; yvhethe~ w not there be notice de mand, attempt to colk~ct or suit pending; and the full amount of each and erery such payment shall bear interest from Ihe date thereof until paid al thc rate of nine per centum per annum; arw aU said costs, tharges and expenses ioturred or paid, together w~th such interest, shall be setured by the lien of this mortgage. 6. Thst (s) in the event of any brexh of this Mortgsge or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not pramptty and fully paid within thirty (30) days neat after ttx same severally become due and payable, withov~ demsnd or notice, or (c) in the event each and every the stipulations, agreeme~ts, conditions and covenants of aa~d promiuory ~ote and th~s rrro~tgsge any or_ either are not ~uly, promptly and fulty perfwmed, d~scharged, ezecuted, effected, compkted, complied with and abided by, then in either or any such eveM the said ag gregate sum mentioned in said promisswy note then remaining unpaid, with interesf sccrued, and all moneys setured hereby, shall become due and pay~ ~ able fathwith, a thereafter, at the option of said MORTGAGEE, as fully a~d compietely as ii all of the said sums of money were wiginslly itipulated ro be paid on such day, anything in w;d promissory ~ote ot in this Matgsge to the contrary notwithstanding; and thereupon w thereaiter at Ihe opt~o~ of said MORTGAGEE, without ~otice w demand, iuit st law or in equity, therefwe w thereafter begun, may be proxtuted as if all moneys secured hereby j nad matured priot to its institution_ 7. That in the event that at the beginni~g of or sf any time pcnding any suit upon this Mo?tgage, or to fweclou it, w to re(orm it, or to enforce payment of any cla~ms hereunder, said MORTGAGEE sha~l apply to the Court having jw~sd~ction thereof tw the appointment oi a Receiver, such Cov?t shall Forthwith sppoint a receiver of said mor/gaged property all and singula?, includ~ng all antl singular the income, profits, issues and revenues irom whatever ; source derived, each and every of which, it being expressly understood, is hereby mor~gaged as if specifically set fwth and described in the granting and hsbendum clausrs F+ereof, and such Receive~ shall have all the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and scch appointment shall be made by wch Court as an admitted equity and a mattet of absolute right to said MORTGAGEE, and withouf reference to the adzquacy w inadequacy of the vafue of the property mortgaged o+ to the so~vency w insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receive~ according to ths lien w equity of said MORTGAGEE and the practice of such Court. B. To duly, promptly and fuily perfo?m, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, cond~tions and covenants in sa~d promiuory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the M.ORTGAGEE, its successors and assigns, may, withovt nofice to the MORTGAOR, deal with such successor or successor in interest with referente to this rr.o~tgage and the debt hereby secured in the ssme manner as with Mortgagw without in any way vitiating or dixharging the Nlortgagors' liability here- under w upon the debt hereby secured. No sale of the premius hereby mo.tgaged and no forbearance on the part of the MORTGAGEE w its successors or ass~gns and no exte~sion of the time for the payment of the debt hereby securcd give~ by the MOR7GAGEE or its successors or auigns, sfiall operate to release, discharge, modify change or affect the original liability of the MORiGAGOR he~ein, either in whole a in parf. 10. It is specifica~ly agreed that time is of the essence of this contract and that no waiver of any obligation hereunder a of the obligation sr cvred hereby shall at any time thereafter be hefd to be a waiver of the terms hereof or of the instrument secured herby. 11. In addifio~ to the fwego:ng Tnonthiy payments of princ'pal and interest required by the promissory ~ote secured hereby, morigagor covenants ard agrees to pay to mortgagee w~th each monthly pay~nent an addi~ional sum estimated by mortgagee to be equa~ to 1/12 of the annual cost of the follow- ing: A-AIl real property taxes levied or assessed against thc above described real estate. B-Premiums on fire and windstorm insurance as herein req~~red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty inwrance as mortgagee shall 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 hereunder and such sum shall thereupon be due and 'i ; ayable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such i a•r.ount. $uch sums sF.ail be applied by mortgagee toward fhe payment of real property taxes, insurance prem~ums, and mortgage guaranty insurance cremiums. • ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid_ ~ Signed, Se+led and deliv ed in the prexnce of: ' . ~ ~ sn ~ > eth . Drew ~ ~ 1 ~an . DI' Sesq STATE Of FLORIDA ~ St. Lucie couvnr~oF Before me personally appeared Kenneth R• ~TE'M and QV@l~l L• ~ZE~ his wife, to me well known and krwwn to me to be the individuals deuribed in and who executed the fweyoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said Bvelye~ L• ~rE~ ~ N;fe of the said Kenneth R• ~ZE'A vpon a sepa~ate and private exam~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumeM freely and volun- rar~ly a~d witbout any compulsan, constraint, appr ~h si or fear of or from her said husband. WITNESS my hand and offitial seal this dsy A ril a 19 73 ~ ~ , ' Notary Public in a (or 1 Sta.Tp: ~ ~ My Commiuion expires: _`~,~,1;~~ ~ Return To: . HOTARY.~d~', ~TA ~ of _ ~ First Federsl Savings 3 Loan Association 2~156 ~ ~ MY C04t5111~4l1 a47S ~ Of Fort P~erce. eo~ar0 Z++MG~nfr L ola.ilnden+ritMa ~ ~ _ = p. fort Pierce, Fbrida = ` .,.I _ = ~ O ~ :c: _ . O fIlEO AND RECOR~ED - ~ Z ~ J ; ; ST. LUCIE COUMtY FLA. Q; E; - ROCER POITRAS ~ ~ 7'• ~,'t - This Instrument Prepared By JOh~i W. COlliris CLERK Ci~iCU1T COURT p;TYZ . _ First Federa l S avings & Loan As s o ci a ti o n RECOP.D VERIFIE~ ` of Fort Pierce~ Flozida ~ ~rs 30 10 Zo aN'73 Checked By j~ eo~~213 P~E1615 ~ ~ - ~ s:~~~u- - -