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To plac~ and continuously keep o~ Ihe buf:dings now or hereafter ii?uate on sald land snd on ali equipment ~nd perso~~lly covered by this mor~g~ +gs, with all premium~ thereon paid in iull, tire insurance in the ususl s?andard policy form, in a ~um ~pptoved by the MORiGAGEE, •nd windslorm ' inw~ance in tM uiua) standard pol~cy form, in ~ ium approvcd by ~h~ MORTGAGEE, in sucA company or companies as fM MORTGAGEE may 3 d~rsc~t u+d aN fir~ and windatorm insu~+ncs policies on any of ~aid build~rps, ~~y intere~? therein w part theraof, i~ tF?~ ~gg~eyate ~um ~foresaid or in ~xceu ~hereof, shall ton+ain the usual standard mor~gaflae cl~use o~ such oihe~ claus~ ~s tM Mor~yagee may roqu~ro, makiny ~he ioss unda ~a~d potF dee, e~ch ~nd every, payabts to ia~d MORTGAGEf aa its inrerest may appeai, and each and every tvch policy shall be promptly a~s:gned and delive~ed ~o •ny held by said MORIGAGEE ~s fu:ther iecurity Io said mwtgage dcbt, and, not leu ~I?~n ~en (10) days in advance of ~he expiration of e~ch policy, to da liva to iaid MORTGAGEE a renewal thereof, IogNhe~ with a receipt fw the premium of tuch rentwal; and theie shall ba no firs or windstorm in~ursnte pl+ctd on any oi said buildings, any interest therei~ w part thereof, unless in ~M form and with Ihe bu pay~bte as ~fwesaid; and in ths event any sum af money becomes payable u~der wch policy a policies said MORTGAGEE shall have ~he option to reteive a~d appty tha sama on account of the indebted- neu securad hereby o~ ro permit said MORTGAGORS to receivs and use it w any part ~hereof tor o~her purposes, w~~hout thareb~ waiYi~~g or m~pa~r- ing any equ~ty, lien w right under or by virtus of this mo:tgage; and in ~hs event w~d MORTGAGORS ahall (o? aoy reason i~il to keep the said p~emisrs so insu~ed, or fail to delive~ promptly any of said policies of insurante to said JNORiGAGEE, or fail promptly to pay fully any premium therefor w in any respect fail to perfam, discharge, execute, effect, complete, comply with and abide by thii cove~ant, a any part hereof, said MORTGAGEE may place a~d pay fo~ suth insurance w sny parl thereof without waivi~g ot affectinp any oplion, lien, equity, w righl unde~ or by virtue of this Matgage, snd the full amount oF each and every ~uch peymen! shall be immediately due and payable and shall bear interest from the date the~eof vMil paid at the rate ol nine per centum per annum and to~ether with such interest shall be secured by 1F?e lien of this mortgage. 1. To permit, tommit or suffer no waste, impairme~t or deterioration of said property w any paA thereof. 5. To pay all aod ungular ~he costs, charges and expenses, including a reasoeable attw~?ey i fee a~d costs t,f abstracts of title, incvrred a paid at ~ any time by said MORIGAGEE, becauu w in the eve~t of the faiiure on the part of the said MORTGAGOR to duly, p?omptly and fvlly perfam, dixharge, execute, effect, complete, tomply with and ab:de by each a~d every the stipulatlons, agrecments, conditions, and covenants of iaid p~omiuory note and thii mortgage any w ei~her, and sa~d costs, chargcs and e:penses, each and every, shall be immediately due and payable; whether w nof there be notice dr mand, attempt to tollect or suit per+d~ng; and the full amount of each and every svch payment shall bear interes~ from the date thereof until paid at the rate of ni~e pe? centum per annum; and all said costs, charges and expenses incur:ed o~ paid, together w~th such inferest, ~hall be secured by the lien of thii mo~tgaye. 6. Thst (a) in the event of any breach of this Mutgage or defaul~ on the part of the MORTGAGOR, w(b) in the event any of said sums of money herein referred to be not promplly and fully paid within thirty (30) days next after Ihe same severatty become due ar+d payable, without demand w notice, or (c) i~ the event each and every the stipulaiions, agreements, cond~tions ar+d covenanta of sa~d promiswry note and th~s mwtgage any or either are no1 iuly, promptly end fully performed, d~xharged, executed, effeded, completed, complied with snd abided 'ay, tlxo in either or any such evenf the said ag gregate sum mentioned in said p~omiswry ~ore then remaining unpaid, wi?h interest acuued, and all moneys secured hereby, shall become due and pay- eble fwthwith, or thereafte~, at the opt~on of said MORTGAGEE, as fully and completely as it all of the said sums of money were wiginslly stipulated to be paid on such day, a~ything in sa:d prom~sswy note or in this Mor~gage to the conrra.y notwithstanding; and the~eupw~ w thereafter at the op~~on of sa;d MORTGAGEE, without notice w demand, suit at law w in equity, therefore or thereafier begun, may be prosec~ted as if all moneys secured hereby nad maWred pnw to its institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon•this Mortgage, or to foreclose it, or to refam it, or to enforce payment of any clalms hereunder, said MORTGAGEE shall apply to the Cou~t ha~ing jurisdictioo thereof for 1he appointment of a Receiver, such Courf shall forfhwith appoint a receiver of said morfgaged prpperty all and s~ngular, includmg all and singular the into~ne, profits, issues and revenues from whatever se~rce derived, eath and every of wh~ch, it being expres:ly understood, is he~eby mor?gaged as if speufically set fonh and described i~ the granti~g and ha6endum clauaes hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court 1o a Receiver, and s:;ch appointment shall be made by such Court as an admitted equity and a ma~~er of absolute right to said 1NORTGAGff, and without ?eference to the adequaty p inadequaty of the value of the property mortgaged or to the soivency or insolvency of said MORiGAGOR or the defendants, and that such renrs, profits, income, iuues and revenues shall be applied by such Receiver accord~~ig to the lien w equity of said MORTGAGEE and the practice of such Court. ~ I 8. To duly, promptly and fvlly perform, d;scharge, execute, effect, complete, comply with and abide by each ar,d every the stipulations, agreements, ~ ;onditions and covenanrs ~n said promisaory note and this morfgage set fath. ~ 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a perwn other thsn the MORiGAGOR, the ORTGAGEE, its succeuors and auigns, may, w+thour no?ece to the MORTGAOR, deal w~th such successw w successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgago~ without in any way vitiating or discharging the Alortgagors' liability herr under w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no fo~bearar~ce on the pa~t of the MORTGAGEE or its successws or ass"~gns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successora or auigns, shall operate to release, d~uharge, modify change o? affect the original liability of the MORTGAGOR herei~, either in wFale or in part. 10. It is speufically agreed that time is of the essence of this contratl and ~hat no waive~ of any obligaNo~ herevnder a of the obligatan se- cured }~ereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument setured herby. 11. In add~tio~ to the forego:rx~ month!y payments uf princ pal and interest requ~red by the prom~ssory note secured hereby, mortgagor covenants and aq~ees to pay to rr~ortgagee vvith each mor.rhly payment an add~rional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ir.~: A-AU real property taxrs levied or asses:ed agaihst the above described_real estate. B-Premiums on fire and windstorm insurar.ce as here~n requ:red to be carried on the improveme~ri situate on the above described premises. C-Premiums on suth mwtgage guaranty iRSUrar.ce as mortgagee shall }ron: time to time deem fit fo carry on the loan setured hereby. Nbrigsgee shall from time to t~me notify mo~tgagor in writing of the amount dae and payabte hereunder and such svm shall thereupon be due and ~ ~.ayable on the due oate of the next mo~th;y payment and each successive month thereaftar urtil mortgagee shall notify mortgagor of a change in such ~ a~~ount_ Such sums shaif be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranfy insurance ~ premiums_ } t IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. gned. Sealed an liver i^ th~~,e~ce of: ~ n / n ~ a _ _ C ar~tRCe S . a~art ~~a~ _ ~--~i_...~2L_ . seaq ' S~I t (Seaq ' S7ATE OF FLORIDA l ' COUNTY OF St. LYCie ; i i ' Cl~rence S. Ssa rt Befae me penonally appeared ' and ' ~Iy B. $i$tt his wife, ±o +nP well known and known to me to be t the individuals described in and who executed the for oi instrument, and ackrwwl e8 ~9 edged before me fhat they executed the same fo? the purposes E tnereir~ exp~essed. And the said M8ry B. S~r t Hife of the said Clarence S. ~art upon a separate and private ` ~ examination by me taken separate and apart from her said husband, acknowledged to and before me tFwt she executed said instrument freety and volurr ~ ~ raniy and withovt any compulsion, coost.aint, app~ehena; •or fear of w from her ssid husband. ~ Wl7IVESS my hand and olficial seal thi day of ~ A. D. 19 73 . ~ ~ ~ Notary P ic i and for tFie State of brids at large ~ ' My Com iuion expires: Return To: ~ • y ; First Federal Savings ~ loan Aasociation , E~~~,~~_ ~:T~.1fiC. Std12 Oi ' tt ~2(Ce " Of Fort P~erce. 25~ ry , . ; ~s f:ata „ r~. f ;1C76,^, G ; Port Pierce, flcrida ~ _~~y COR'.~?:i'i~n ~~:i~. ~ r • ~ ' ` yy Aosr.tsr ~w• i ~!%+~i ~Q'. _ :•J ! t.~. '~i'~• J'. ri ' 3 p~nJ~3 ~~~~•..t~l.~a•,v : ~?tj..? s~_~•. ; - ° , • w ; i . ~ I . . ~ f y j ~ This I~strument Prepared By Gary F. Bllwood FtLEO ANC P,~COROE~ -r ` First Federal Savings 8~ Loan Association E?. WC~E GO~I~TY FLA. c~'-':~ ~ of Fort Pierce s Rls. liQ~~R ~QiTRAS . ~ CIfRK C; ~.:,i1tT COURT • { r ' Checked By 1~- RFrr,k•, ~f;r~~~~r . . i ` ~ R` ~ Mat IO 3 3~ PM'73 3 ~ SooK~14 ~~E sb ~ E 4 ~~~~~r s '1 ; - ~ - _ . . _ s ~ a ,x: ~.v rn.n ~ ,c--. ti_:~. , ~ ~•Tt~ _ ~ V~' ~ ""'z ~ `~t• f ~ - _ nla': .?~.Y;' ...,~n