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To pl~c~ ~nd continuousiy k~ep on tM buitdi~ eww o~ h~rMftN sifual~ O~ f~id ta~d ~nd on ~11 Qquiprt+OM ~nd pln0~ally COVN~d by fhif mOrf¢ E ap~, with ~II premium~ ~hereon p+id ~n fu11, firo insw+nc~ in ~M uswl srandard policy foren, in • wm approv~d by tM MORTG/?GEE. •nd wi~~wm ~ kawar~ tn tlr uswl at~nda.d poticy tam, in ~ wm +pprov~d by tM MORTGAGEE, to wch ca+~p~~y a companie~ a tM MORTGAGEE may dinctj and ail tin u+d wind~torm inwuna policie~ on +ey of said buildi~ps, ~ny Mt~n~t tha~in w psrt 1Mrwi. in th~ ap~~e~N~ wm ata„aid a In ~xc~s~ ~l+snof, shall conuin tM ~?swl standud mortyapN clww a iucl+ otha claw~ u tM Ma~p+pN m+y ?pu'u~. makinp t1w bu und~+ se~d po~F cks, each ~nd w~ry. paY+bl~ ro s+id MORTGAGEE a iri in~ereit may ~pp~ar. and ~ath and ~wry suth policy shall b~ promptly ass:yned +nd dNiwred ro any Mtd by ~aid MORTGAGEE as i~h1+N security to ~aid monpap~ debt, and, nW I~ss th~ t~n (10) days in +dv+nc~ of th~ ~xpk~Yw~ of each policy, to dr , liwr 1o sa{d MORPGAGEE a re~tw~l ti»~~of. wp~tl+K with a ncapt for tM p*miwn ot wch renewalj and Ihe~~ shall b~ no fir~ a winds~orm imuranc~ pl~pd on ~ny of uid b~lldinps, ~ey h+te~~st thK~in or part th~r~of, unl~u in tM fwm and wifh tM los~ paYabl~ u afwtsaid~ ~nd in th~ ~wnt aoy sum i of monty becomts payable ~nder such poUty a policiK s+id MORTGAGEE i1u11 h~w ~M optan to rsuiw and apply tM sa++w on accovM oi tM Indebted~ ~ n~ss sKUr~d Mrtby o? b petmit iaid MORTGAGORS to rKeiv~ ~nd uN i1 w any parl lhereof fw other pu~poses, wilhout thereb/ waivi~g w~mpair- f leg ae~y equity, lian or right ~~der w by virtve of Ihw mortys~et +nd in tl+~ event said MORTGAGORS shall (w any r~aia? fail to keep the s+id p~em4es so inwred. o~ fail to deliva promptly ~ey of said polities of inwrancs to s+id MORTGAGEE, w fail promptly to paY fvlly sny premivm~erefor or in a~y r~ip~ct f~il 1o perform, dtschu~e, exacvts, eifect, compl~ts, comply with and abid~ by this oovenant. a+nY pan M.wf, safd MORiGAI~E m+Y p?sce +nd paY for such imwanct w any pirt tMreof without waivinp or ~ffactIn~ any option, 1'Kn. ~ity. w ~qh~ und~r w by vinw of ~his Mwt~a~e. and the full amount of each and ewry wch WYment shall be invnediately dw and pay~ble ~nd shall bear lnt~rest fran ths dat~ thereof vntil paid ~t ths raa of nir» per centum pea a~num and together with such interest shall be secured by th~ li~n of this mort~+p~. 1. To p~rmit, commit or suffa no wute, impairme~t ot detetioratiw~ of said ptoperry or uiy put thereof. S. To pay all and tinyular the cosb, charpes and expenset, including s reasonable attorney i fe~ ar+d wsb of abstracts of titl~, incuned w paid at sny tima by said MORTGAGfE, becavse or in fhe ~vant of the failure on the paN of tM ~~id MORTGAGOR a duly, promptly ard fully perfwm, d~uha~gw executs, effect, complete, comply with ar?d abid~ by each and every the stipulaYana, sgreaments, conditions, snd rnvenanb of s~id promissory note and thii mort9~y~ any a eitl~sr. ~nd said costs, charges and expenses, e~ch and every, shall Immedi~tely dw ~nd p~yabls: whether a not ther~ bs ~otke de mand, atlempt to colkct w wit pending; and tM full arnount of each and eve~y such payment shall bear interest (rom ~he dat~ thereof until p~id et the rate of nine per ce~tum per annum; and all wid costi, charges snd expenses incvrrtd o? paid, together with s~th I~terest, shall be sacured by tM lien of thw mortys~~. 6. Thal in ths ever~t of any breacF~ of this Mortgs~ or dafault on the ~psrt of tha MORTGAGOR, w(b) in tM event u~y of said sums of money Fxrein r~ferred to be ~wt promptly and fully paid withir? thirty (30) days next sfte? the same sevcrally becane due and payabk. without dem+nd or notite. o? (c) in the evem cxh and every th~ itipulations, a9reemenn, conditions and coveMnn of said promiuwy note and tFus mortpspe ~ny or eith~v ~~e rwt iuly, promptly and fully performed, d~scFwrged, execvted, effected, completed, comptied with and abided by, then in eitber w any such event ths said a~ pre9at~ wm mentaned i~ said promiuory note then remaining unpaid, with interest awued, and all mo~eys secvred hereby, shall become dut +nd pay- able fwthwith, o~ thereafter, at the option of uid MORTGAGEE, as fvlly ~~d completely ~s if all of the said sums of mooey were aiginally stipulated to be paid on such day, anything in ssid promiuory note or in this Mwtgage to the contrary notwi~hstandinp: and thereupon w thercafter ~t the option of said MORTGAGEE, withovt notice a demand, suit at:law w ie eq~ity, therefore or theresfter begun, may be prosecvted st if ~II moneys sewred hereby had en~tv~ed pra? to in institutia?. • 7. •Thet in the event that at the beginning of or at any time pending u?y suit trpon this Mortgsge, w to fweclose h, a ro reform h, w to anforp payment of sny claims hereunder, said MORTGAGEE shal~ apply to the Cou?t having jwisdidion thereof fw the appointment of ~ Receiver, such Court shall forthwith appoint s receiver of said ~rwrtgaged property all and singulu, includ~ng all and singvl~r ~ihe~inooms, proliri, iuues and revenues from whatever so~rce derived, each and every of whith, it beirg expreuly understood. is hereby mortgaged as if' specifitalty set fonh ~nd described in the gran~ing awd habendwn cbuses hereof, and suth Receiver shall have all the brosd and effecrive functions and powers in anyvrise emrusted by a Court to a Receive~, and svch appointmcnt shsll bc made by wch Court u an ~dmitted equiry and a matter of absolute riyht to said MORiGA~'aEE. and withoul reference ro the adequacy or inadeq~scy of the val~re of the property mortgsged w to the so+vency or insolvenc~( of said MORTCsAGOR a the defenda~ts, and that such rents, profin, income, issues and revenues shall be applied by such Receiver accwding to the (ien or equity of said MQRTGAGEE and the pracsice of such Court. t! 8. To duly, promptly ~nd fully perfwm, diuhuge, execute, effect, complete, comply with and abide by eath aod every the stipulations, agreemenb, t condifions and covensnts in said promiuory note and this mortgagt set fwlh. ~ 9. That in the eveM the ow~+enhip of fhe mortgaged premises, o~ any part thereof, becomes vested in s psrson other than ihe MORTGAGOR, the ; MORTGAGEE, its wccessors and assigns, msy, withovt notice ro the MORTGAOR, deal with such successor or successor in interest with reference to this i mortgage ~nd the debf hereby secured in the same ma~ner ss with Mortgagw without in sny way vitistir?p or discharging the Mwtgagors' liability here- under w upon the debt hereby secured. No ss~e of the Fremixs hercby mortgaged and no. fabearance on tht pan of the MORTGAGEE or iri succeswrs w auigns and no ex~ension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its sucaessors w assigns, shall operate ~ fo release, discharge, modify change or sffect the orginal IiabiGty of the MORTCsAGOR herein, either i~ whole w in part. 10. h is specifically agreed that time is of the essence of this contrad and thst no waiver of any obligatio~ hereun~kr w of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the irotrwnent secured herby. 11. In addition to the forego:ng monthly payments of princ'pal and interest required by the promissoty note secured hereby, mortgagw tovenanta and agrees to pay to mortgagee with each momhlypayrnent an addirional sum estimated by mortgsgee to be equal to 1/12 of the annual tost of the follow- . ing: ~ A-AU reat prope~ty taxes levied w assessed against the above described real estate. ~ B-Premiurtn on fire and windstwm insurance as herein requ~red to be carried on the improvemeMS situate on the above destribed premises. t C-Premiums on such mortgage gvara~ty insurance as mortgsgee shall from timt to time deem fit to carry on tlie loan setured hereby. F Mortgagee shall from t~me to-time notify mortgagor in writing of the amount due and payable F~ereunder and such wm shalt 1F~ereupon be due and ! payable on the due date ofi the next rtwnthly paymeM and eath successive month thereaRer vr,til rtartgsgee shall notify mortgagor of .a change in such : i amount. Such sums shall be applied by mortgagee toward the payment of real prope?ty taxes, insura~ce prem:ums, and mortgage guaranfy insurante ~ premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sesl the dsy and year first aforesaid. ~Signed, 5 aled and ivered '~~esence of: jr~ i . ~ ~ s ' ~ ~ n ~-n i ~ STATE OF FLORIDA ~ ( St. Lucie ~ courm ~ Harold G. Smith ~ Before me penonally appeared a^d ` Arline M. ~Illt~'1 his wife, to me well known and known to me to be t rhe individwls described in and who executed the foreydng instrument, and acknowledged befwe me that they executed tF~e same for the purposes r~,~;~ ~xa~. a,a Arline M. Smith ~ Harold G. Smith i wife of the said 'T' vpon a separ~te +~d pr'rvats ; examinsYwn by me taken separate and apan from her uid husband, ~cknowledged to and befwe me that she execvted said irotrument frcely and volun- rarily and witFwvt any compulsion, constraiM, apprehension, fear of or from her said. husbend. ; WITNE55 my hand and official seal th~t ~ s~ day of Ma A. D. 19 7~ # ~ ~ Notary Public in s fw the,State of Fforida at lsry~ My Comrniuion pires: ~ Return Ta ' i Finf federal Savings 3 losn Auociatiqn ~ Of Fort Pferce. ~A~ a ~ _ j~ . Fort P~erce, Florida MY CONMISSION EXPIRES JAN. 7. 1971, w':"~ ~ ' 6o11d~0 9J AM~1W B~YkMi Ipwt~so~ CR,`~t:~ ~n Ay fy~ ' ~ ~j ~i~~ i This Instrument Prepared By Richard K. Kayes v'.,'~ .~'••~b>~• ~ FILE~ ~k3 NCCORDED • V-: Y s First Federal Savings E~ Loan Association ' ST. LUC+E ^~UNTY FLA. ' y:• ~ of Fort Pierce , Florida R"vGEF ~~;TRAS = ~ ~ ' - . ~ CLfFX ~,;.;~Ji7 COURT(~ ; ~ ~ : ` - RFCp,~O'JCI' rtE~,.......~,~•" V y~ ti, Checked By b,.~ ~ _ ~ ~ Boox Z~~ PACE21.'73 2S MAr 31 9 Zs AH '73 ' s T,; t;' ti` ssss : ~ ~ _ _ ~ ~ - ~ ~ ~ ~ ~N. ~ J . ~ y ~ r - w .