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To plac~ ~nd continuously k~ep on tM bvi!dinpt now a he~e+f~~r u~u~~~ on ~a~d t•nd •~+d on ~II equipmen~ .~d pscsaull~ co~•?~d ~y ~hi~ moriq. p~, with all prem~~ms ihereon pa~d in full, fir~ insu~ance ~n ~h~ usual ua~dard policy fam, in ~ swn approv~d by tF» MORiGAGEE, +~d windstam ~n~wanct In tl+~ uiual ~undard po1Ky fam, i~ ~ tum ~pprov~d by tM MORTGAGEE, i~ fvch comp+~y w cwnW~~es +s ~he MORTGAGEE ~+++y di~~ttj ~nd all fir~ ~nd w~rxlsto.m i~suranc~ polKles a+ +ny of ~aid build~nps, intt~~~t tMrei~ or part 1M~eof, in tM +p9reya~~ ium afor~i+id a in ~xc~ss ~hsreof, sMll comai~ tM vauat standard mor~ya~e ctaus~ a such o~her claus~ ~s tM Mortya~ee m~y requ~r~. m~~inp tM Iou unda sa~d poli~ ci~~, e~ch and ~very, payable ~o ia~d MORTGAGEE ai in intcre~t may appear. +nd each and eve~y s~ch poticy shall be prompfly au 9ned +nd delive~ed ~o any held by ss~d MORTGAGEE as turiha secu?ity ~o isid mor~p+ye debt, ~nd, ~ot leu than te~ (10) days in +d~a~ce of tM expir~tion of each polrcy, to da livK fo said MORTGAGEE a renewal thereof, tope~Fwr with a rece~pt fw 1he premium of such rtnewalj and thert sMll be no fire o~ winds~orm insuranc~ pl~ced on ~~y of ia~d build~ng~, any infereif tF+Hein w part tMreol, unleu in tM tum ~nd w~th ~M loss payabl~ as afwasaid; ~nd in ~ht event ~ny sum : of mon~y becomes payable undar such policy w policiaa ~aid MORTGAGEE shall haw d+e optio~ to receive and apply tM san+e on account of the indebfed~ i nsu secuted he~eby O~ b permit said MORTGAGORS to retaive ~nd use it or any part the~eof for othcr purposes, without ~herebr wai~ing w~mpa~~• in9 ~ny equity, lien w right under w by virtue of this mo: tpsge; and in the eve~t said MORTGAGORS shall fw ~ny reatoe? fall to keep ~he said p~amisas so insured, w f~il ro detiver promplly a~y of said policia of insuranc~ to s~~d MORTGAGEE, w fail promptly to pay fully any pre~nivm therefor or i~ a~y reapea fait to pafam, d~scharge, executs, eifect, compSete, comply with and abids by this mvenant, o~ any part hereof, u~d MORiGAGEE may p~+ce +nd pay fa s~th irourante or any pan the~eof without waiving or ~f(Minp ~ey oplion. lien, puity. or righf under w by virtw of this Mutgsge. ~nd the full amovnt of each and every such payment shall be immediately due and payable a~d shall bes~ i~tere~t from 1Fa date thereof ~ntil paid at the rate oi nine pe~ centum per annum and togethe~ with suth interost shall be secured by the lien of this mortgage. 1. To permit, commit w sutte~ no waste, imp+irrt:ent a deter'aration of said property w any part thereof. S. To pay all and singulu the costs, charges snd expenses, including a reasonabk a~torney i fee snd costs of abstracts of ti~le, incurred w paid at any time by said MORTGAGfE, because or i~ the event of the failwe on Ihe part of tF+e said MORTGAGOR to duly, p~omptly and fully perform, diuharge. execute, e(fed, complete, t~ply with and eb~ck by each and every the stipulations, agreements, conditio~, and cove~ants of said promissory note and this mortgage any o~ ei?her, and sa~d costs, cMrges and expenses, cach and every, sMll be immediately due and payable; whe~her a not there be notke da mand, attempl to tollect w suit pending; and the full amount of tach and every such paymeM shall bear iNerest from 1he date the~eof umil paid at the rate of nine pe~ centum per annum; and all said costs, charges and expe~ses incurred or paid, logether with such interest, shall be setured by the lie~ of this mortgage. Q That (a) in the event of any breach of this 1Nortgage or default on the part of the MORTGAGOR, or (b) in the event any of said wms of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without tkmsnd or notite, or (c) in the event esth and every the stipulations, agreements, conditions and covenann of sa~d promiswry note and th~s mortgage any or either are not iuly, promptly and iutly perfwmed, d~uharged, executed, effec~ed, completed, complied with and abided by, then in either w any such event the iaid ag gregate sum mentaned in said promissory note then remaining unpaid, with i~terest acuued, and all moneys secured hereby, shall betome due and psy- able forthwith, or thereaftea, at the option of said MORTGAGEE, u fvlly and comple~ely as if all of the wid sums of money were or~ginally st~pulated to be paid on such day, aoything in sa:d promiaswy oote w in this Mortgage to the contrary notwithstanding; and thereupon or the~eafter at the option of said MORTGAGEE,.without notice or demand, suit at law or in equity, there(ore w fhereafter begun, may be prosecuted as if all moneys setured hereby had maWred prior to i1s institution. ~ 7. That in the event that at the be9inning of or at any Nme pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enfwce ~ payment of any claims hcreunder, uid MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receivi?r, suth Court shall forthwith appoint a receiver of said mortgaged property all a~d sirg~lar, includ~ng all and iirgvlar IhQ intome, profits, issues and revenues from whatever source de.ived, each and every of wh;ch, it being expressly unders~ood, is hereby mortgaged ss if spectfically xt fwth and dewibed in the granri :y and habendum clauses hereof, snd such Receiver shall have ali the boad and eifecrive funcnons antl powers in anywise entrusted by 'I~lourt to a Receiver, and such appoi~tment shafl be made by such Court as an admitted equity and a maner of absolufe ri9ht to said MORTGAGEE, and withovt reference to the adequaq a inadequacy of the value of the properry morfgaged or to tF~e sowency or insolvency of said MORTGAGOR d the defendants, and that ~such rents, profits, income, iuues and revenues shall be applied by such Receiver according to the lien w equity of said MORTGAGEE and the practice of such Courf. - - 8. To duly, promptly and fully pe?form, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, cor.ditans and covenants ~n sa~d promisswy note and this mor~gage set forth. 9. That in tF.e event the ownership of the mortgaged premises, or any parf thereof, becomes vested in s person other Than the MORTGAGOR, the MORTGAGEE, its succeuoro and assigns, may, without notice to the MORTGAOR, deal-with such successw w successw in i~tere:t with refere~ce to this mortgage and the debt hereby secured in ihe same enanner as with Mortgagor without in any way vitiatirg or discharging the Mwtgagors liability here- ~ under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its succeswn or assigns and no e:tension of the time fw the paymrnt of the debt hereby secu~ed g~ven by the MORTGAGEE or its successors or auigns, ahall operate to retease, d~scharge, modify change w affect tF~e original liability of the MORTGAGOR herein, eitFxr in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder w of the oblgation se- cured hercby shall at any time thereafter be held to be a waiver of the terms hereol or of the instrument sec~red herby. 11. In add~tio~ to the fwego:ng montR!y payments of princ'pal and interest required by the prom~ssory ~ote secured hereby, mortgagor covenants ar.d agrees to pay to mortgagee v~rith each monthly payrnent an add~~ional sum estimated by rtw?tgagee to be equal to 1/12 of the annual cost of the foltow- ing: A-AII reat p~operty taxes levied or assessed against the above described real estate. ~ B-P~emiums on fire and windstorm insurance as herein requ~red to be carried on the improvements sitvate on the above described premises. ~ ' C-Premiums on such mwtgage guaranty irsurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Morfgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shatl thereupon be due and ~ ~ayable on the dve date ot the next monthly paymen~ and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such j a^:ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, inwrance prem:ums, a+xl mwtgage guaranty insurance ` ~ premiums. i IN WITNESS WIiEREOF, the wid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid_ _ ; ~ Siyned, Sesled and deliva c~ in the presence of: ~ ~ n ; . ~ E- , h R D x,q ' SeaO i Evel Drew ~aq _ ~ STATE OF FLORIDA ~ COUNTY Of St • L11C1@ ~ ~ Before me personally appeared Kenneth R• ~Z~ and s Evelyn T.• Drew his wife, to me well known and known fo me to be thz individuals deuribed in and who executed the fwegoing instrument, and ackrawledged before me that they executed the same (o? ihe purposes therein expresxd. And the said EVe ~/11 T. • w~fe of the wid Kenneth R. ~YE'A upon s sep~raM.aod: private examiaation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said inatrument fr sn,d volun- ra~ify and witFwvt any compulsan, constraint, apprehe ions or fesr of or from her said husband. A Zl • ; . J~ ,~,~3 WITNESS my hand and official seal this ' day of ~ D~,. . ' ! l~E'LE ~ Notary Public in and for t,Sti~ ~'F ~da at ~tirpe`.= ~ ~ _ MY Commission expires: ~ - f~ rv Sp t qFr ~ ; TAft'P P' -Ifti STATE c. F.1 ~ ~ t... Return To: ~ ' E ~ . ~ ti.Y ~~;:~~r~•. ;~r..,;r t~. ; Fint Federsl Savings ~ loan Associat~on yq 8,~n~. ~;,,~.r ;~,~~Y~ ,1~..:~ : ~j ' ~ ~ t Of Fort P~erce. `1 ~ ~ r;~'- ~ , ^ ~ ; ~ Florida r ' ~ % ~ fort Pierce, t i r' ~ _ . 7~' ~t~•~' . . ` ~ ~ , FflEO AMD RECOROEO ~~j' This Instrument Pre ared B JOhn W. Collins SLLIICIC COUMTY Fi~A. ~ p y l106Fk ~11TAAS First Federal Savings 8~ Loan Associafion CLfitK C„CUiT COURT ~ of Fort Pierce , Rlorida pfCORD V~P~r~ED.~~~ Checked By ~ 11i 2~ N~l ~73 ks BCCK~~~ fACEi619 ` - - - - - - - k _