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To plac~ and conti~uously keep on tM buildings naw w he~eafta sitwl~ on taid land ~nd o~ all equipmrnt ~nd paso~ally covarcd by this mor~~- ~g~, with all premiums the~eon pa~d in full, firs insurance in ~he ui~al s~andard poticy (wm, in ~ sum approved by ~M MOR?GAGEE, and windstam ~nawanc~ in tM vsual ~undard policy fam, in s ium app~oved by the MORTGAGEE, in ~~ch compa~y w cwnP+n~ts at ~M MORIGAGEE may diractj ~nd all tiro ~nd w~ndstwm insuranc~ policie~ on any of uid build~rps, any in~~ns~ ~FKrein or part therwf, in 1ht ~y9reyaie sum a(a~iaid a in ~xceis thereof, tMll contaio ths us~al st~ndard mor~ga~ clw~e w suth o1he~ t~auN tIN Mortysye~ may requ~~~, endirg ths lou u~der sa~d po~i~ cies, each and avs~y, payabla ~o s~id MORTGAGEE as itt Infer~sl may appear, and ~ach a~d ~ve~y such policy shall be {xompNy ~ss.gned u+d de~~vered to •ny held by sa~d 1NORIGAGEE as fu~the~ secu~ity to said ma~ga9e debt, and, not leu than ten (10) days in advance o1 tha expiration oi e+ch policy, to da liver to wid MORTGAGEE a renewal thereof, to9e~hs~ with a reteipt for Ihe premium o~ s~ch re~ewal; and thsre ~hall bs no f~re or winds~orm insurance placed on any of said bvildings, a~y interest therein or part thercof, unle~s in the (orm ~nd with Ihe Iws payable as afweuid; and i~ the event any :um of mon~y becomes payabte u~der such policy or policies wid MORTGAGEE shall Mve ~hs opt~on to receive and apply the same on accouro of the indebted- ne~s secured hereby a ro permi~ said MORTGAGORS to receive and uu it or any part thereof fw o~her pu~poses, w~ihou~ ~h:~eb~ wai~i~.g or unpair- ing any equity, lien w right u~der w by virtue of this mo: tgage; and in tM ~vem wid MORTGAGORS shall fo~ any reason fai~ to keep the aa~d premtirs so insured, or fail to deliver promptly any of said policies of insurance to ssid MORTGAGEE, w fail promptly to pay fully ~ny prernium ther~tor a in any respect fail to perform, discharge, execute, effec?, complete, comply with and abide by this cove~ant, w any part hereof, said MORTGAGEE may p~ace and . pay fw such insurance o~ ~a~y pa?t thereof without waiving or affetling any option, lieo, equity, or right under w by virtue of this Mo~~ga9e. +nd the , 4u11 amount of each and every such payment shall be immediately due and payable and shall bear interest from the date the~eof until paid at the rate ot nine pcr centum per annum and to~ether wiih ivth interesl shall be secured by the lien of this mortgage. 1. To permit, commit w suffer no waste, impairment w dete~ioration of ssid property w any part thereof. 5. To pay all aod singular the coats, charge~ and expenus, including a reasonable attorney i fee and costs of abslracts of title, ir~cvrred w paid at any time by said MORTGAGEE, because or in the event of the failure o~ the part of the iaid MORTGAGOR to duly, promptly and fully pcrform, d~xharge. execute, effect, comptete, comply with and ab:de by each and every the stipvlst~ons, agreeme~ts, conditions, and covenants of said p?omissory note and thit mortgage any w either, and said costs, charges and expenses, each and every, shall be immedia~ely due and payeble; whether w not there be notice dr mand, attempt to colled or suit pe~ciing; and the full amount of each and every su:h payment shsll bea~ interest from the dats thereof untii paid at the rare of nine per centum per an~~um; and all said casts, chaiges and expenses incvrred w paid, togelher with iuch interest, shall be secured by the lien of this mortgage. - 6. That (a) in the evenf of any breach of this Mortgsge or default on tne part of thc MORTGAGOR, o? (b) in the event any of sa7d tvmt of mo~ey herein referred to be not prompHy and fully paid within thirty (30) days ne,ct after the same xverally become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa~d promiswry note and th~s mwtgage any w tithe~ are not iuly, prompNy and fully performed, d~xharged, executed, effected, completed, complied with and abided by, 1Fieo in eithe? or any such eveM the faid ag gregate sum mentioned i~ said promisswy note then remaining unpaid, with inferesl accrved, a~d all moneys secured hereb}, shall become due and pay- able forthwith, a thereafter, at the option of said MORTGAGEE, as f~lly and completely as ii all of ~he said sums of money were orginaily st~pulated ro be pnid on such day, anything in sa~d promisse?y note w in this Mortgage to the contrary notwithstand~ng; and thereupon w thereafter at the op~~on of sa~d MORTGAGEE, without ~otice a demand, suit at law w in equity, therefore or thereafter begurt, msy be prosecuted as if all moneys secured hereby had matured pnw to its institutioe. j 7. That in the event that at the beginn;ng of or at any time pending any suit upon this Mortgage, o. ro fweclose ir, w to reform it, or to enforce f payment of any claims hereunder, s~id MORTGAGEE shell apply to the Court having jurisd~ctioi? thereof fw the appointment of • Reteiver, such Court shail forfhwith appoint a receiver of said mortgaged property all and singular, intlud~r+g all and singvlar the incon?e, p?ofits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if spetifically xt forth and described in the g~anting and habendum clauses hereof, and such Receiver shall have all the broad and effective funa~ons and powers in.anywise entrusted by a Court to a Receiver, and ~ s~.;ch appoinfinent shall be made by such Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and without reference to the adequacy or inadequacy of fhe valv! of the property mortgaged or to the sowenty or insolvency of said MORTGAGOR or the defendann, a~d that such renfs, profits, incorne, issves and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Courf. 8. To du1y, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promisswy note and this mwtgage set forlh. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the i MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeuw or successor in interest with reterence to this ~ mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or_ dixharging the Mortgagors' liability herr under vr uFon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearante on 1he part of the MORiGAGEE a its successors or assigns and no extension of the rime fw the payment of the debt hereby secured given by the IVIORTGAGEE or its successws w asslgns, ahall operate ~o release, discharge, modify change.or affect the original liability of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed that time is of the essence of this contract and that ~o waiver of any obligation hertunder w of the obligation se- cured hereby shall at any time the~eafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tion to the fwego:ng monthfy paym~nts of princ pa~ and interest required by the prom;ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~riona~ sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ;ng: A-All real property taxrs levied w assessed against the above described real estate. 3 B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises_ ~ C-Premiums on such mortgage guaranty i~surance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. ~ AAortgagee sfiall from time to time notify mortgagor in writing of the amount due and oayable herevnder and such sum shall thereupon be due and Fayable on the due date of tha next monthty payment and each successive month thereaiter ur,til mortgagee shall notify mortgagor of a change in such a~„ount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, inwrance prem:ums, a~id morigage guaranty insurance i premiums. ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first sforesaid. ; f ~Signed. Sealed .~d ivered in the p?esence of: ~ ~ f / , ary ~ ~ _ ~ ~ ' a~ _ /sea~) ~Seal) STATE OF RORIDA 1 COUNTY OF St . Luci e ~ ~ ~ Before me personally appeared Claude C Davi s and Lillian M. DdV1S fif WiS2~ t~ rr.e well known ar~ k.~,~~ !a rtse ta be the individuals desuibed in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same for the purposes therein expressed. And the said Li 11 ian M. DdVl S wife of tix said Claude C. ~aVl S upon a separate and private examination by me ta4en separate and apart from her said husband, adcnowledged to a~d before me that she executed said instrument freely and volun- ta~ily and without any compulsion, constraint, apprehension,~qr fear of or from F~er said husband. WITNESS my hand a~d official seal this /S` Lh~ day of Ma A. D. 192~ ~ ~~~vt~.1~ , ~ . ` ~ Notary Public in and fo? the 516te of Fiorida at Large My Commiuion expires: ~ Retum To: First Feden~ Savings 3 loan Association < Of Fort P~erce. PUBI tC, STkiC p} ~~_~p~~;q at URGE Fo~t Pierce. Fbrida ~545 `5 • ';'?~IS$~OAI fXF~~~;; i;;~y j. 19n By Amer~can ~~~+,~js ~nsu- ~ ~ . r~ ~ ~„4., f This Instrument Prepared By ~iCha~rd K. Ka es /1~~ A!t~ R "`J"y~ , First Federal Savin s 8 Loan Associat~on y ~ J~~'~pGfO . ; 9 it, L;IC CGUNtr F~A. ~ ~ V'.~`~ of Fort Pierce ~ Florida CifP ~~~,~:Cy1T ~pUqt 1 ` ' C ~ ' - _ ' _ 4rn. . _ r_ ~ _ .=J ~ t,y O c : ~ Checked By ' i . - _ : ; o c _ • - MAr l0 3 a9 ~!i'(~ = a ~ ~14 ~ 574 " , ~ . ` 80GK i'~C_ '/~'~i,` S i 1~ ~.a~`~~~-~ _ . ~/~~rr~~ ~Mw~~~>> ~ - ' _ _ _ _ _ ~°~sp"~ r' ~,3.;'- ' _ ~ ~ _ t _ ' - _ . _.s