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To plKf and con?;nuously kcep on ~he bui!d~ngs now a hereaher s~tu~te on taid ~and and on cqu~pmenl and perfona~~y toverod by thi~ matg~ ay~, wi~h atl premiumi ~hereon pa~d in full, (~re insurance i~ ths usual s~andard policy tam, in • i~m ~pp~oved by the MORjGAGEE, and w~ndsram ~ insuranc~ in tM uswl s+andard pol~cy 1am, in a sum ~pproved by tM MORTGAGEE, in ~uch company or comp+~~es as ths MORTGAGEE may ~ dirett; ~nd all (ir~ and windslo~m i~tura~ce policiet on ~ny of said build~nps. any intere~l therein w parl thereol, in Ihe agg~epate sum ~to~eseid w in ~aceu ~hereof, iMll con~ai~ the usval standard mortgayee clauss w such oths~ c~au~ ai t1?~ Ma~9age~ may requir~, maAin9 ~he loss unda ~a~d poli~ cies, each and eve~y, payable to said MORTGAGEE as it~ imere~f may appea~, a~d each a~d every iuch policy shatl be prompHy ass gned snd de~iverrd ?o •ny held by satd MORTGAGEE as (u~~her iecurity to aa~d mat9age deb~, and, not leu tha~ ~s~ (10) days in ad~ance of ~hc expiraHon of each ppl~cy, ~o da livtr to iaid MORTGAGEE a renewal thereof, together with a rece~pt (w the premium oi svch renewal; and there shall be no iue or windsto~m insurance plsced on ~ny oi said bvildings, any interest therein or put thereof, unless in ~M form and with ~he loss payable as aforesaid; and in the event a~y sum of money bccomcs payable undet such policy or pol~cie~ uid MORTGAGEE ~hall havs ~hs opt~on to receive and app~y the same o~ account o( the indebted- ness secured hereby or ro permit ~aid MORTGAGORS to reteive and uss it or any part thereof for other pur~~oses,' w~~hout th_+~o~ wa~.i.ig w m~pair- ing any equity, Iien or ~3ght under w by virtue of thit mortgage; and in the evenl wid MORTGAGORS shall tw any reason fait to keep the said p~emises so ~nsured, d fail to deliver promptly any of said policies of insurancs to sa~d MORTGAGEE, w fail promptly to pay fully any pre~nium therefw or in a~y respect lail to perfwri+, d~scharge, executs, effect, complete, comply with a~t! abide by thii covenant, w any pa~t hereot, said MORiGAGEE may p~ace a~d pay fw such insurance u any parl theraof wiihout waiving or affectin9 any option, lien, equity, or right under or by vi~tue of th~s Matgage, and the full amouM of each and every such payment shall be immedia~ely due and payable and shall bear inte~est irom tha date thereof until paid at the rate o1 nene per centum per annum and to~ether with such intereat sh~tl be secured by the lien of this mortgage. ' r To permit, commit o? sufter no waste, impairment w deterioration oi said property a any parl thereof. ~ 5. To pay all and singular the costs, charges and eapenses, induding a reasonable attorney i fee and cos~s of abstracts of title, incurred w pa~d at any time by said MORTGAGEE, because or in the event of the failu~e on the part of the said MORTGAGOR to duly, promptly and fulty perform, d~uharge. ~xecute, effect, complete, comply with and ab:de by each and every the stiputat~ons, agreements, conditions, and covenants of said prom~ssory note and this mwtgage any a eitFKr, and sald costs, charges and expenses, each and every, shall be immediatety due and payable; whe~her w not there be notice dr mand, anempt to mllect or suit pe~d~~g; and the full amount of each and every svch psyment shall.bear inrerest (rom the date thereof until paid at the rare oi nine pei ce~tum per an~~um; an~ all said costs, charges and expenses intu~red w paid, together w~th such interest, shall be setured by the lier? of thi~ mortgage. 6. Tha~ (a) in the event of a~y breach of this Mortgage 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 futly paid within thirty (30) days next afte~ the same :everally become due and payable, without demand or notice, or (c) in the event each and every the stiputa~ions, agreements, conditions and covenants of sa~d promisaory note and th~s mwtgage any w eilher are no1 i~ly, promptly and f~lly per(o~med, d+uharged, executed, effected, completed, complied with and abided by, then in eifher w any such event the said ag gregate sum mentioned In said promisswy note then remaining unpaid, with interest acc.ued, a~ all moneys secured hereby, shall become due and pay- ab~e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were orginally stipu;ated to be paid on such day, anything in sa:d promisswy note w in this Mortgage to the contrary notwithsta~ding; and thereupon or the~eafter al the option of sa~d MORTGAGEE, without nolice or demand, suit af law or in equity, therefore or thereafte~ begun, may be praaecuted as if all moneys setured hereby nad maWred pnor to iri institution. 7. That in 1he event that at the beginning of or at any time pe~?ding any suit ~pon this Mwtgage, or to foreclose it, w to reform it, w to enforce paymem of any ctaims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof fw the appointment of a Receiver, svch Court shall Forrhwith appoint a receiver of uid mortgaged property all and singutar, includ~ng all and singula~ the income, prof~ts, issues and revenues from whatever source derived, each and every o~ wh~ch, it being expressly u~derstood, is hereby mortgayed -as If specifically set forth and described in the g~anting and habendum clauses hereof, and such Receiver shall have all tfie b~oad and effective functtons~andpowotS in anywise entrusted by a Court to a Receiver, and s~ch appointment shal~ be made by such Court as an admitted equity and a matter of absolute righE.to said MORTGAGEE, and withoul reference to the adequacy or inadequacy of the value of the prop¢rty mortgaged w to the sotvency or insolvency of said MORTGAGOR or the de(endants, and that such rems, profits, incortie, issues and ~evenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, discharge, execute, elfect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promissay. note and th]s mortgage set fath. 9. That in the event the ownership of the mortgaged premises, or any part fhereof, becomes vested in a person other than the MORiGAGOR, the h102TGAGEE, its successws and ass;gns, may, wiihout notice to the AtORTGAOR, deal with such succeuw or successor in interest with relerence to this mo~~gage and the d~bt hereby sec~red in the same manne~ as with Mortgagor without in any way vit~ating or d~scharging the Mortgagors' liability hero- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on Ihe part of the MORTGAGEE or its s~ccessws or assgns and no exte~sion of the time for the payment of the debt hereby sxured given by the MORTGAGEE or its successws w assigns, stiall operate ro release, discharge, modify change w atfect the original liability of the MORTGAGOR herein, either in whole o? in part. 10. It is specifica~ly agreed that time is of the essence of this contract and that no waiver of any obligation hereurtder or of the obligation se- cured hereby shail at any time thereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. Il. In add~tio~ to the fwego'ng monthfy payments of prirrc"pai and interest req~ired by the prom~ssory note secured hereby, mortgagor covenants a~d agrees to pay to mortgagee with each mo~fhly payr:,ent an add~rional sum est~mated by mortgagee ro be eqval to 1% 12 of the annual cost of the tollow- ing: ~ A-AU real property taxes levied or assessed against the above described real estate. i B-Premiums on fire and windstorm insurar.ce as here~n ~equ~red to be carried on ~he improvements situate on the above described premises. ~ i . ~ C-Premioms on such mortgage guaranty ir.swa.~ce as mortgagee shall from t~me to t~me deem fit to carry on the loan sewred hereby. ~ Mortgagee sha!I from ti:ne to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due dare of the nrxt monthty payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such a-~o~nt. Such sums sha~l be app:ied 'oy mortgagee toward tF+e paymeot of real property taxes, insurance prem.ums, and mwtgage guaraMy insurance f p~emiums. . f ~ IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. Sig~ed, Sealed and detivered in fhe presence of: (SeaQ _ • ~ saac Hilter zand ai~ ~ ~ an ' patricia J. Hilterbrand ~~a~~ ~ STATE Of ORIDA St. I.ucie ~ u- couNn oF Before me personally appeared Isaac Hilterbrand and patricia . H1 teI iail his wife, to me well known and known to me to be the individuals desaibed in and who executed the foregoin9 instrumeM, and acknowledged before me that they executed the same fw the purposes rherein expressed. And the said patrieia J. Hilterbrand : wife or ,ti~ ~;a Isaac Hi ter ran u a arate and ~vate ~ examination by me tafcen separate and aparT from her wid husband, atknowledged to and before me that she executed said instrument freely and volun- ~ rarily and yr~thout any compulsion, constraint, apprgh nsion, or fear of a from her said husbsnd. _ A zil 73 WITNE55 my hand and official seal this ='Y-{-~L day of p ~A. D. 19 l . . '7 . ~ ~c e ~ j tary Public in a for t tate of idA at t~rye, ~ . y Commission expires: ' - . Return To: MOTARY PRBt1L', 3fiA~ o1~?'tORtBlI at IARGE ~ MY COS!1i118St~'1~Fx,s~r; , c First Federal Savings 3 loan Associat~on , '7?, ~-pg, ~g~5 Of Fort P~erce. ' '~e..- ,1.,e, . ~t,. ~ . ,i~ ~ . Fort Pierce, Florida , } 0 ~ 'r ~ ~ " c' ~ v ~ > ~ , ; FlIEDAMGRECWtOE ••-.`~E iL Li1CIE CaUNT~ f~ - ~ . j This Instrument Prepared By Jobn W. Collins kOC~R POITR4S~ G . First Federal Savings 8 Loan Association CIERK CInCUiT COURT.~`' • RECORD VE!?iffEQ~,.~~ of Fort Pierce, Florida Checked By ~ ~0 21 AH ~7~ js 600K ~~J PACE 1U~ ! _ - - - - - - s >si.~ ~ = ~ ~ c. : ~