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To plac~ ~nd continuouily keep on the bui!d~npi now a here~(ter s~twte on iaid I~nd and on ~II equ~pmeM and perwndly cove~ed by thii mwtp~ pe, with all premiums thareon pa~d in full, fire insura~ce in tM usuat irandard policy form. i~ a tum approvtd by 1F» MORiGAGfE, a~d w~ndstorm iniuranc~ in tM usua) s~andard pol~cy torm, In a sum approv~d by tM MORTGAGEE, in wch company or comp+~iq ~s tM MORTGAGEE may d'uedi ~nd all (ir~ ~nd windi~wm inw~+~c~ policies on ~ny of uid build~np~, ~~y inter~sl therein w ps~t therwf, 1n tM aQyrepate sum a(or~s+id or in ~xc~st thereof, shall co~tain ths uaval sta~ard moriga9e* clauie w iuch other ciaus~ a IM Mortya9e~ may requ~r~, rtukinp ~he loss unda sa~d pot~ 1 ciM, ~ach ~nd every, peyabls ~o said MORTGAGEE as it~ int~~at may appear, and e~ch and every such policy shalt b~ promptly a~s:qned and detivered to any held by said MORTGAGEE a~ further tecuriry to ssid mwt~aq+ debt, and, not less tMn ?en (10) days in advanca ot tM expiration of each policy, ~o dr a liver to said MORTGAGEE a renew~l thereof, top~~h~r with a receipl iw Ihe premium of tuci? renew~l; and ther~ shall be no fire or wind~~am insurant~ placed on ~ny of said buildings, ~ny interei~ ther~in a pa~t th~reof, unleu in tM (wm and with ~ht tou payable u afwasaid~ and In tF?s svent ~ny ium of mor~sy becomes payable under such poliq o~ policiss uid MORTGAGEE shall have ths option to receive and apply the same on accauM of the indebted- r+eu iecured hereby a ro pe~mi~ said MORTGAGORS ~o roceive ~nd us~ it w any pa~1 thcreof 1a other purpoies, wGhout thereb~ waivi~tig or unpair- ir+g any eq~ify, litn w righl under or by virtve of this mortgaQe; and in ths eveM said MORTGAGORS shall fw any reaton fail 1o keep the ~+id premisei w insured, or fail ro delive~ promptly any of said policies of ir?surance to wid MORTGAGEE, a fail promptly to p~y fully any premium ~Fu~efor a i~ any rospect fail to pe?torm, disch~rge, executs, effect, complete, comply with and abid~ by this cove~ant, or any ps+t hereof, said MORTGAGEE may place and pay fa suth Insurance w any part thereof withoul w+ivin~ a ~ifedinp any option, lien, eq~ity, or right unde? o~ by virtw of this Mortgage, and the full ~mou~t of each and eve~y such p~ymenl shall be irtwnedi~tely due and psyable and tF~ll bea? interost from 1M data thereof uorit paid at the rata o! - ~ nine per centum per an~um and together wi~h tuch intcres? shall be secured by the 1'Nn of this mortgage. - ~ 1. To pami?, cpnmit w suffer no wasle, impairmeN or deterioratia? of said p?operty o? ~ny paA t}?ereof. ~ S. to pey all and sirgulu the costs, charges and ~expenses, inctuding a reasonable attorney's fee snd costs of sbst~acts of title, incurred w p+id st any time by wid MORTGAGfE, because ot in the event of the failure on the part of ths said MORTGAGOR to duly, promptly arxl fvlly periwm, d~xhs~ge, executs, effect, complete, comply w;th and ab~de by each and every the atipulations, sgreements, conditions, and wvenants of said {xomiuory note and thi~ mortga~e any w eiUxr, a~d said casts, chargd and expenses, each and every, shall be immediatety dve and psyable; whNher w not there be not;ce d~ mand, ~ttempt to collecf w suit pcnding; and the (ult amount of each and every wch payment shall~ bea~ interoat from Ihe date thsreof u~til paid at the rare of nine per centum per ann~m; and aU ~aid costs, charges and expenus incur~ed w paid, together w~th such intere~t, shall be sncured by the lien of this mwtgege. 6. ?hat (a) in the event of any breach of this Mortgage w defautt on rhe part of the MORTGAGpR, or (b) in the event any of said sums Qf money herein referred to be ~ot promptly and fully paid within thirty (30) days next after the same x~aally become due and payable, wilhout dema~ or notice, or (c) in the event each ~nd every the stipulations, agreements, conditions and covenants of sa+d promiuory note and th~s mortgage any or either a~e nof iuly, promptly and fully performed, d;sclwrged, execwed, effected, tompleted, complied with and abided by, then in either w s~y such event the said ag- gregate sum menYwned in ssid p?omisswy note then remaining ~npaid, with intere3t acuued, and all moneys setured hereby, sF?all become dve and pay- able fwthwith, w thereafter, at the option of said MORiGAGEE, as fully and completely as i( a!! 'of t}~e said swns of money were originally stipulated to be paid on suth day, anything in said promiasory note or in this Mortgage to 1he contrary notwithslanding; and•thereupon or tl~ereafter a1 the optio~ of :aid MORTGAGEE, without noiKe or demand, svit at law or in equity, therefore or ~IF~rcsftei beaup, may be proseculed-ss if tN moneys secvred he~eby ~ had marured pnot to its instiT~tion. , • ' 7. That in the event thaf at the begi~ning of or at any time pending any s~it upon this Mortgsge, or to fweclose it, or to reform it, or fo enfwcs payment of any claims Acrcunder, said MORTGAGEE shall apply to the Court having jurisd:ction thereof for the appointment of a Receiver, svch CouA shall Forthwith appoint a receiver of uid mo+tgaged p?operty all and singvlar, includ~rg all and ~ingular the income, profits, issues and revenues irom whatever source derived, each and every of whrch, it be~ng expressly understood, is hereby ma~gaged as ~f speufically xt fath and dewibed i~ the granting and hakxndum clauses hereof, and such Receiver shall have aU tAe broad and effective functions and powc~s in snywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity ar+d a matter of absolute •aight fo said MORTGAGEE, and without refere~ce to the edeqvacy w inadequacy of the value of the property mortgaged or to the sotvency o? inwlverxy of taid hIORiGAGOR w the deFendants, and that avch :ents; proiits, income, Fu~es and revenues shall be appfied by such Receiver acco~ding to the lien or equity of uid MORTGAGEE and the practice of such Court. - . 8. To duly, promptly and fully perform, discharge, execute, effccf, compl.ete, comply with and abide by esch and evKy ihe sfipulations, agreements, conditions and covenants i~ said promissory ~ote ~nd lhis mortgage set fath. 9. That in the event the ownership of tF?e mortgaged premises, a any part the~eof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its tuccessws and assigns, may, wirhout notice to the MORTCaAOR, deal with such successw or successor in interest wifh reference to ihis mo~tgage and the debt hereby secured in the same manner as with Mo~tgagw without in any way vit;ating a distharging the Mortgagors' liability he~e~ under or vpon the debt hereby secured. No sale of the premixs hereby mortgaged and no fwbearante on tF~e part of the MORTGAGEE or iri sucttssws or assigns a~d no exte~sion of the time fo~ the payment of the debt hereby secured given by the MURTGAGEE or its successors or auigns, ahall operafe ~o release, d;xharge, modify change or affect the original liabil~ty 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 no waiver of any obligation hereurxle~ w of the obligaf'an sr cured hereby shall at any time thereafter be hefd to be a waiver of the terms hereof or of the instrument secured herby. 11 _ In add~tion to the forego:ng monthly payments of princ"pal and interest required by the promissory note secured hereby, mortgagor covenants rnd agrees to pay to mortgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annuat tosf of the fol~ow- ing: A-All real property tazes levied o? assessed against the above dexribed real estate. B-Pr~miums on fire and windstorm insurance as herein requ:red 1o be carried o~ the improvemenfs situate on the above described premises. C-Premiums on such morigage guaranty insu~ance as mwtgagee shall from time to time deem fit to carry on fhe ban setured hereby. Mwtgagee shatl from time to time nofify matgagor in writing of the amount due and payable hereunder and such sum shall ihereupon be due and ~ayable o~ the due date of the next monthty payment and each successive month thereafter until mortgagee shal! nofify mortgagor of a cbange in such amount_ Such sums shall be applied by mortgagee toward the payment of real property faxes, insurance prem:ums, and rtwrtgage gua~anty insurance premiums_ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal tFx day and ear first afwesaid_ Signed, Sealed and deliv rFd in the presence of: ~ ~ ' aq ~ .c<< ~c Pau D. Albert cs~sn - seaq ; Wilda M. Albert f j STATE OF FLORIDA . ' St. Lucie # ~ ! couNrr oF ' au D. Albert Before me penonally appeared a~ ~ 1 a • his wiie, to me well known and known to me to be s the individuals desuibed in and who executed the forega ng ~p s'tr~rm~ent, and atknow{edged before me fhat they executed the same for the p~rposes ~ rherein expressed. Aod the said Wilda M. H~D@It ~ wiie of the said ~aLt~. p. l~Z~r't upen a separate and p~ivare ~ examination by me taken separate and apart from her said husband, atknowledged to and befwe me tFwt she execvted said imtrument freely and voluo- ~ rarily and without any compuls"an, constraint, apprehension, or fear of or from her sa' sband. i WITNESS my hand and official seal thiS 18th da Y qf ~ A: 19_~_ ~ ` ~ Cl.~_{~+~ % , ~ Notary Public in and for the State of Fio~dr t r~e ~ ; My Commiuion expires: ~ Q. ~ p Rl1UfO TO: ~ v _ i First Federal Savings a loan Association hQA!'~RYrB(~6UC; $Tq ~ ` ~ • . ~ ~ ~ t FLORIflq ` ~ . . ! Of fort P~erce. MY ~~;~yy~ON ~RFS •~4 ' vi ~ Fort Pierce, Florida ~~~0~~ 1i=- ~ ~ V 's i _-~-'77 ' Q~~~..~ : • r ~ This Instrument Prepared By U. F. NOlerg er ' '/~~~'%i.d.~~tt•~` ~ First Federal Savi~gs 8 Lvan Association f LEIf a~t~ aEC0~0E0 ' _ of Fort Pierce , Fla. t~.Ll~1CIE ~:a~UfltY fU. ~ . ~ R4CE~. . s1TR~S ~ c~.EF~t c ^v'~IT COURT'~ g Checked By FFCr"'` ~f...:~Et~~----- ~ 10 23 IIN'13 Boac2~4 Pac~~2?,,,~' ~ ~ ZZ sb i € ~ , ~ - - - - - - - ~~s t~~~~_., ~N~y~:; v . r