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To plac~ ~nd con~i~wously keep on rh~ buildinps now w hereaftN s~twt~ on ~aid la~d ~nd on ~II equipr?wnt and paionally tov~~~d by thi~ mat~ p~, with ~II p«mi~ms thereon pa~d i~ tull, f~re insu~ance in ~M usual ti:ndard policy to~m, in a sum +pprov~d by tM MORTGAGEE, a~d wi~dstorm in~urance in ~M uswl Nandard po~~cy fam, in a sun? •pprov~d by tM MORTGAGEE, in such company o~ comPania a~ tl?~ MORTGAGEE m+y dinctJ ~nd all tin and windstorm inwru~t~ policiss on any of s~id buildinp~. any inttrtu the~~w+ or part thtrwf, in tM apyrc~aq ~um afpciaid or ~ in ~xce~s ~hereo~. ihall cc~uin ~hs ~iwl iN~dard mw~ya~~e clause w sucf? o~i+a claus~ ~s tM MatypN may req~i~~. makieg tM loss unde~ u~d po~} cies, e+ch and every, payable to iaid MORTGAGEE ss in interest rn~y ~ppear, a~d each and ~very s~ch poliq ihail b~ promptlY ~ts~oned u+d delivered to ~ any held by said MORTGAGEE ~i further security to said mortps~e debt, ~nd, not Mu th~n ten (10) days in advance of tha expir~Ywa of e+ch policy, to da ~ live~ ro s~id MORTGAGEE a renew~l rhe~eof, toy~tMr with a.eceipt fw 1M premiutn of ~uch ren~w~lj ~nd t1+en ah~ll b~ no ii~e or winds~am insur~nt~ plsced on ~ny of said buildinys, ~ny Intereat therein p put tMreof, vnleu in tM form and with IF+~ bss pay~blt as ata~~+id1 and in tM ~v~M +~Y s~ of mon~y becomes p+yable unda such pol'~cy w poliues said MORTGAGEE ~hall Mve ti+~ option to rateive and ~pply tM s~m~ on +ccoun~ of tM indebtcd- neu sKU~td Mteby or ro permit said MORTGAGORS ro reteive and ~s~ 8 w aoy parl . thereof fo~ other purposes, wilMwt thsreb/ waiving w~mpair- ;ny any eq~ity, lien or right unde? a by virtus of this mortps9e; and in tM went u~d MORTGAGORS shsll (or any ~eawe~ f~il to keep th~ i+id pr~m~ses w insured, w fail b deliver promptly ~ny of said policies of insurance 1o iaid MORTGAGEE, a fail promptly to pay fully any premium therefor o~ in ~ny respect fait fo ptrfam, dixharge, execute, effact, complete, comply with u~d +bid~ by this covcRaM, o~ any parl hereof, taid MORTGAGEE may p~ace and pay fw such Insu~ance w ~~y put thereof without wsivirg or affsctinp sny ~ptan, li~n, puity, o? ~ight under a by virtw of this Matps~e, and the full amount of each and ev~.y such paymenf ~hall bs immediately dw and paYabl~ ~nd ihsll be~r iMerest f~om tM dat~ thereof uroil paid at the rate of nine per centum per an~um and togethe~ wilh svth interest shall be securcd by tM 1'cen of thi~ moftgaye. ' 1. To permit, commN w suffe~ ra wsste, impairment or deteriwation of taid property or a~y parf lheraof. S. To pay all and sinyvlar tl+e costs, charpes and expenses, includiny a?essonable ~ttaney's fee a~d costs of abstrads of title, inc~rred w paid at ~ any time by said MORTGAGEE, betause w in the event of the failure on the patt of the said MORTGAGOR to duly, promptly ~nd fully pe~fwm, d~stharge, ~ execute, effect, compkte, comply with and ab;de by esch and every the atipulations, agreements, tonditions, snd oovenanb of said promissory note and this mortgeye any a e~~her. and said cosn. cMrges snd expensea. each ~nd every. shall be immediately dw and pay~ble: whether a not there be ~otice de mand, attempt ro colkct or wit pendirgt and the full amount of each and every such payme~t shall bea. in~erest from ~hs d~te thereof until paid ~t the raee of nine pe~ centum per an~wm; a~d all said costs, charges and expenses incurred or paid, together w~th such i~ter~st, shall be secured by the lie~ of tha mortg~gs. 6. That (a) in the event of any breach of this Mortgaae or def~u~t on the pa?t of the MORTGAGOR, w(b) in ths event ~~y of ssid sumi of mo~ey herein referred 1o be no~ promptly and fufFy paid within thirty (30) days next after the same sevaally become due and payable, without demsnd w notice, or in the svent each and every the stipuiations, agreamcnts, cwiditions and covenants o( ss~d promissory ~?ote snd this mortga~e a~y a either ar~ not iuly, promptly and fully performed, dixharged, exetuted, effected. completed, complied with and abided by. ~hen in either o~ any suth ewnf the said a¢ gregate sum mentioned in said promissory note then remai~ing unpaid, with interest scuued, and all moneys secured hereby. ~ha~l betome dw and pay- able fwthwith, a thereafter, a the option of said MORTGAGEE, as fully and completely ai if all of the said sums of money were wipinslly st~putated to be paid on such day, anything in ss~d prom~uory note or in this Mortgage to the contrary ratwithsta~ding; and thero~rpon w thtreafter al the option of ~a1d MORTGAGEE, wi~hout ~otke w demand, suit at law or in eqvity, thcrefore w tFKfNNN beyun, may be proaecuted as if ell ma~eys secured hereby had matured prior to its imtitutioo. 7. That in the event that at the beginning of or at any time pending any suit vpoe~ this Mortg~ge, w ro foreclose it, w fo refwm it, or fo enfores payment of sny claims he.eunder, said. MORTGAGEE shall apply to the Coun having j~risd~dion thereof fw the appointment of a R«eive~, such Coun shall Eorthwith appoint a rcceiver of said mortgaged property all snd singular, includ~ng all and singular th~ income, profits, issues and rerenues from whatever sou.ce derived, each and every of which, it being expressly unde~stood, is he~eby mortgaged as if spec~iically set fwth and desuibad in the yranting a~+d habendum clauses hereof, snd such Receiver shall have all the broad and effec~ive fundions and powers in anywise entrusted by ~ Cou~t to a Receiver, and ~~ch appointment shall be made by such Cowt as an admitted eq~ity a~d a matter of abwlute right to said MORTGAGEE, and without teference to the adequacy or inadeqvacy of the wtue of the property mor~gaged w to the sowency or insolvency of :aid MORTGAGOR a the defendants, and that such ~enrs, profits, income, iu~xs and revenues shall _be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with snd abide by each and every the stipulations, agreemcnts, conditions and tovenants in sa~d p?omiuory nott and this mortgagt tet forth. 9. That in the eveM the ownership of the mortgaged premises, or any psrt fhereof, becomes vested in • person ofher thsn the MORTGAGOR, ths M.ORTGAGEE, iri successors and asi~gru, may, without notice fo the MORTGAOR, deal with such successor or successor in interest with reference lo this mortgage and the debt hereby secured in the same manner as with Mo~tgagor withow in any way vitiati~g or dixharging the Morty~gors' liability herr under or upon the dcbt hereby secured. No s~le of the pre:nius hereby mortgaged ~nt~ no fwbearance o~ the paA of the MORiGAGEE u its succeuors or assigns and no extension of the time for the payment of the debt hereby secured given by fhe MORTGAGEE w its succeuors or auig% ihall o~xrate 3 to release, discharye, rradify change w affetf the original liability of the MORTGAGOR hereln, either i~ whole ot in parf. ? 10_ It is specifically agreed thst time is o( the essence of this contract and that no waiver of any obligaYwn hereunder or of ths obl'~gstion se- f cured hereby thall at ~ny time tl~ereafter be held to be a waiver of the terms hereof ot of the instrument secured herby. I1. In sdd~tion to the fwego:~g rtwnth!y payments of princ:pal and interest required by fhe promissory ~ote secured F?ereby, mortgagor covenants and agrees to pay to mortgayee with each monthiy payment an addi~imwl sum estimated by matgagee to be equal to 1~12 of the annual tost of the follow- ing: ' A-AII real property taxes levied or assessed a9ai~st the above desa~bed real estate. ~ B-Premiums on fere and windstam insurance as herein requ~red to be carried on the improvements situate on the above desuibed ptemises. t C-Preroiums ore such matgage guaranty insurar~ce as mortgagee shall from time to time deem fif fo 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 dve and ~ payable on the due date of the next moMhly payment and each successive month iheresfter ur.til mortgagee sball notify mortgagw of s change in such i amount. Such sums shall be applied by mortgagee towa.d the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ` premiums. . _ , ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ned. Seakd and delivered ' the presence of: ~ l~ ~n ~ Robert L. McCarthy ~n € - ~ ~n ' Mar . MoCarth ~p STATE OF FLORIDA ~ St . Luc ie ccuNnroF Before me petsonslly appeared Robert L. liGCaZthY and ~Y'y C. MeC azthy his wiie, to me well knawn and known te ~i: ~ bs the individuals destribed in and who executed the foregang insirument, and atkraw{edged before me that they executed ihe same fw ihe pBiRoafs therein expressed. And the said ~rY C. MC~'i=tby `.,1 t~1n~f! - Robert L McCarthy ~ fr ~~ti,,~ ; wffe of the said • P~ ~ fjpj examinatwn by me taken separate a~d apart from her said husband, acknowledged t nd befws me ihat she exetuted sai.~ ins u~el, plly ~SIO{ J i tarily and witho~t a~y compulsion, constraint, appjr ~fear of or from said nd. Q. ' '~•~t% ~ WITNESS my hand and official ual thi / ~ day of ~a = ~b, 1~3 ;~i = ~ • 6 , ' : - ~ _ • ' ' - ; ~ • . . ~ otsry public in and for trie State of F~+fl~yt~~y~ .b J r_,- ~ My Commission eapires: ` 4: Return io: s ~ Fint Federal Savings 3 Loan Association T~l ~~i~ ' ~ Of Fort P~erce. ' 3t Li1RG': u'.. ' Port Pierce, florida ~ ' 19?'. ~ - ~ c;: ~1 ~ ~ ~ fILEO ANp ~ECdAQEp ~ This Instrument Prepared By D. F. Hol~zger ST.IUCIE COUNTYFLA,. k } First Federal Savings & Loan A~SOCiation CIERx CR CUIT CQURT ~ of Fort Pierce ~ 18~. P,FCOR'1 VF~:•~.rp`~ u ~ Checked By N~ 9 2? a17 ~~3 ; ; - a~ 214 Pac~ 213 25429s ~ ~ - sb ~ , , - - - - - - - - - - --h ~ . ~ _ , . _ ~ ~ ~~a~~~_'~'~ . r~°`~~" r~~