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To plac~ and conrinuousiy kcep on ~he bui;d~ng~ ~ow o~ heraait~~ si~uate o~ s~id I~nd ~nd on al) equipmenl ~nd pNSOnally tovered by this r'wrtg~ .+g~, with all premiums thercw~ pa~d in full; fire insurance in tF?e usual ita~dard polity fwm, i~ a sum approved by tM MORiGAGEE, and windstam insurance i~ the ~sual ~undard pol~cy, (orm, in a s~m spproved by :M MORTGAGEE, In suth company or campsnies +s the MORTGAGEE m+y dired; ~nd all iirs ~nd w~ndstorm in~uronce potiuea a? sny of said build~nps, ~ny Inlerest ~herein o? part thereof, i~ tM aggregata tum aforesaid ot in ~xcess thereof, ~hall contain the vsval standard matgagae clausa or such otha tl+us~ ~s the Morl~aflee m+y req~ir~, makiry tM loss under sa~d poli- cies, each snd every, payabl~ to said MORTGAGEE as i1t inte~r~1 may ~ppear, and each a~d every tuch poticy sha11 be promptly ass.gncd and delivered ~o •~y held by s+id MORTGAGEE as further securify to uid mortgage debt, and, no1 less tha~ ten (10) days in advance o~ ~he expirotion of each policy, to de- liver ro wid MORTGAGEE a renewal thereof, lopetFwr with a reteipt ior the pran~wo of such renewal; and thers shall be ra 1~ro or winds~am ins~rance placed on any of said buildings, any interest thsre~n a part thereoF, unless in the form •nd wi~h the loss payable ai afwei+id; and in tM event ~ny sum of money becomes payable undcr iuch poliq w policies taid MORTGAGEE shall have tAe opUon ro receive and apply the sa~ne on accoun~ of the indabted- ness secured hereby w to permit said MORTGACaORS to reteive and use i1 or any part thereof for othc~ purposes, ~vithoul Ih=reu~ waivi~~g or ~~npair- ing any eQuity, Iien or right unde~ or by virtus of thi~ mo::gage; and in the event wid MORTGAGORS shall tw any reason fail to keep the ssid p~emisrs so insured, o~ iail Io deliver promptly any of said policies ot insurance to said MORTGAGEE, w fail piomptly to pay fu11y a~y p~emium the~efw w~~ any respect fail b perfwm, discharge, execute, effcct, complete, comply with and ab~de by this covenant, w any part hereof, taid MGRTGAGEE may p~+ce +nd pay fa such in~urance o? any part the~eof w~thout waiving or affecting any oplion, lie~, equity, w right under a by virtue of this Mor~gage. ~~d the full amount o( each and every such payment shall be immediately due and payable and shall bear interest from the dste thereo( until paid tl the rate of . nine per centum per annum and ta,~elher with such interesl shall be securcd by the lien of thii mortgage. ~ 1. To permit, commit or sufter no waste, impairment a deterio~ation of sa~d property w+riy part the~eof• S. To pay all and singulsr the costs, charges snd expcnses, including a reasonable attorney i fee a~d costt of abstracts of title, inc~r~ed w paid at ~ any time by said MORTGAGEE, because w in the evont of the fa~lure on the part of the said MORTGAGOR to duly, promptly ~nd fvlly perfam, d~xharge, s execute, effecf, complete, comply w~th and ab:de by esch and every the stipulatwns, agreements, conditions, end cove~ann of said promis;ory note ar+d this ~ mwtgsge any w either, and sa~d costs, charges and expenses, each and eve?y, shall be immediately dve and payable; whe~her w not there be no~~ce de~ ; mand, attempt to colkct a suit pend~n9; and the full amount of each and every such paymeM shall bea. interest from ~he date thereof until p~id at the ~ rare of nine per cantum per aru~um; and all said costs, charges and expe~ses incurred w paid, together w~th such interest, shall be secured by the lien of Ihis mortgsge. ; 6. That (a) in the event of any b~each of, this AAwtgage or default on the paA of the MORTGAGOR, or (b) in the event sny of ss~d sums of mo~ey herein referred to be not promptly and fully paid within thirty (30) days next after the same severally bccome due and payable, without demand or not~ce, ~ or (c) in the event each and every the stiPutation:, agreements, condit~ons and covenants oi sa~d promissory note a~d th~s mortgage any a either are not t iuly. Promptly and iully perfwmed. d~scharged. executed. effected, compkted. compl~ed with and abided by, the~ in e~ther a ~ny such eveM ths said ag $ gregate s~m meNioned in said promiuwy note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- t able forthwith, w thereafter, at the option of sa~d MORTGAGEE, as fully and completely as if all of the said sums of money were wigins~ly st~p~~iated ~ to be paid on such day, anything in sa;d promisswy note or in this Mortgage to the contrary notwithsiand~ng; and ~hereupon or thereafter a~ the op~ion of ~ iaid MORTGAGEE, without notice or demand, suit at law w in eq~ity, therefwe w thereafter begun, may be prosecvted as if all moneys setured hereby ~ had matured pnor to its institution. ~ ' 7. TFwt in the event that at the beginning of or at any time pending any suit upon this Mo:~gsgc, or to fweclose it, or fo rc~orm it, or to enfwce i paymeM of any daims hereunder, said MORTGAGEE shall apply to the Court having jurisdiaion thereof for the appo~ntment of a Re~iver, such Court shall } forthwith sppoint a reteiver of said mortgaged property all and singular, includ~ng all and singvlar tht income,• profits, iuues and reven~les from whate~er j :ource derived, each and every of wh~ch, i~ being expressty understood, is hereby mortgaged ss if spec~fically ut fath and dexribed in the p?a~?ting and ~ habendum clauses F+ereof, and suth Receiver shall have all the broad and effective funcnons and powers in anywise entwsted by a Cou?t to ~ Reteiver, and s~ch appointment shall be made by such Courf as an admitted equity and a maner oi absotute rigM to said MORTGA6EE, and without reference to the i adequaty or inadequacy of the vafue of the property mortgaged or to the solvency or insolvency of said MORTGAGOR w the defer~da~ts, and that such , renrs, profin, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said N10RTGACaEE and the practice of such ~ Court. ; 8_ To dvly, promptly and fully pe+form, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agrcements, ! condiYans and covenants in sa~d promissory note and this mor~gage set fo?th. . 9. That in the event the ownership of the mortgaged premises, o? any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTCaAGEE. ~rs successors and assig~s, may, wifhout noiice to ~he MORTGAOR, deal w~th such successw a successor in interest wiih ~eference to this mo~tgage and the debt hereby secured in the same manner as with fllortgagor without in any way vitiating or disthargirg the Mortgagors' liability here- under or ~pon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbearance on the part of the MORiGAGEE w its successors or ass~gns and no extension of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE or its sucteuors w suigns, ahall operate ro release, d~xharge, modify change or affect the original liability of the MORiGAGOR herein, either in whole or in pa~t. 10. If is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligst'an s~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. tn add~tion to the fwego:ng monthly payments of princ pal and in?erest required by the promissory nore secured hereby, mortgagar mvenants ' and agrees to pay to mortgagee vv~th each monthly pay~nent an add~rional sum esi~rnated by mortgagee to be equal to 1%12 of the annual cost of the follow- ~ ; ing: A-All real property taxes levied w assessed agai~st the above descri4ed real estate. B-Premiums o~ fire and windstorm insurance as nere~n requ~red to be ca~ried on the improvements situate on the above described premises. ~-Premiums on such rtw~tgage gvaranty insurar~ce as mortgagee shall from t:me to time deem fit to carry on tF~e loa~ secured hereby. Mortgagee shail lrom time to time notify mortgagor in wr~t~ng of the amount due and payabte hereundrr and such sum shall thereupon be due and ~ Fayable on the due date of the next month:y payment and each successive month thereafter ur.tit mortgagee shall notify mortgagor of a change in such i amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums,_ and mortgage guaranty insurance premiums. ~ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set hi: han and seal the day and year 'rst aforesai ~ Sgned, Sealed and 'vered ' the prexnce of: • p•• I I Lf0 ~N" ~EG'vF0E0 BY• ~ witnes . «~QU~T~ -s P. na an, siden , , e.c~=~ =o:saa~ n : _ ,~E~r~ .;~,:T C4URT ~ A?TES2: , • witnes . ~ "~E~ Fsedric .~Bauman, Seczeta~~ { - . ~ ~reasurer L.i 1~ 3i ~ i~ ~'~~~5 STATE OF FLORIDA ~ COUNTY OF BROWARD I HEREBY CERTIFY, That on this day of MaY , A. D. 19 73 , before me personally appeared ?homas P. Monahan and F1edrick R. Bauman : ; i respectively as President and Secretary - Tzeasuzer Qf 5. S. P. , Inc. ~ a Florida raf~ti•tor, e f CorQo , K .m known to be the persons described in and who executed the foregoing instrument and severally ackno t~~+g--7p-~ e~, n " , Y - i cution thereof to be iheir free act and deed as such officers for the uses and purposes therein mentior~tJ;~ and!'t~iet~h~i ~ v ' ~ - affixed thereto the official seal of said corporation, and the said instrument is the act and deed of sajd ~66Q~aiton. . _ WITNESS my hand and official seal at Fort Pierce aid c nty and state. , ~ ~ ' ~N ~ ~ This instrument prepared by ~ ~ _ Thomas A. Driscoll Fizst Federal Savings and Loan Notary Public, in and ~t~,a~eqctr6,~u,~t~lqeAAr~~P3~' Association of Fort Pierce, Florida My Commission Expires~y com~u~oR ExP'm O~t.4, i9~s ~~br~r~~.ac~~~r~ Checked By .~i~- _ BoUx 2~4 ~~F~~5i V _ _ _ - - - - - - - - - ~ ~ ~ _ ~ s~~,. ~ ~ -