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To p~ace and continuovsly keep on the b~i:ding~ now or hereafter ~i~uate on aa~d land and on ~il equip~nent and pe~sOnally covered by tAis mor~g ags, w7th alt p~emiums thereon pa;d in full, lire iniu~ence tn t?ro uiual srandard pot~cy form, in a ium approved by the MORTGAGEE, and winds~wm ;niu~ance in tht uiual standard pot;cy fam, in a sum approved by tM MORTGAGEE, in iuch canpany or compan~es at ~Fw MORTGAGfE may direct; ~ntl all fire and winds~orm insu~anp pOlicies on ~ny of said bu~~d~~qs, any interesl therein w part Ihereof, in the aQg.ega~e sum •Ipresaid o~ in exceu thereof, shall can~ain ~he u~val s?andard mortyayee clause w such other clauss a: ~h~ Mor~page~ may rcqu~r~. making ~M Ioss u~~der sa~d polr ues, e~ch and every, payabSe w said MORTGAGEE as it~ interesf may ~ppea~, .~nd each and every tuch poticy shall tw prompNy ass gned and de::~e?ad ~o eny hafd by said MORIGAGEE ~s lurther security to said matgage deb~, and, not I~u ~han ~en (10) days in advance of the expiration oi e+ch pol;cy, ~o de- I~ver to said MORiGAGEE a renewal thereof, logethe~ with a reteipl fw the prrmium ol tuch renewal; and Iher• shsll be n0 fi~e w w~ndstorm insurance pleced on any of said buildings, any interest Ihcrei~ or part thereof, ~nle» in ths form and wifA ths lou payable a! ~fwesaids and in the cvent any sum of money becomes payable unda such policy or po~~cias uid MORiGAGEE shall have ~he optioe+ to receive and apply the san.o on accovm of the i~debted- neu ucured Irercby a ro permit aaid MORTGAGORS ro receive and use it w any pan thereof for oti~er pwposes, ..i~ho~e fh:r.b~ wai~ing or ~~+~poi~- ing any eqvity. I~en oi r;ght under w by virtue of ihis mo::yage: +~d ~n ~he evenl ~a~d MORTGAGORS shall (o~ any reason fail to kcep the said prem~ses so insured, or tail to delive~ p~an.plly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay futly any pre~n~um therefot o~ in any resped faii to perfam, diecharge, executs, effecf, complete, comply wi?h and abide by lhis cove~ant, or any part hereot, said MORTGAGEE msy place and pay fa such i~surance w any part thercof wi~houl waiving w af(ectin~ any option, Uen, equity, or r~ghf uruier w by virtue of this Mor~gage, u,d the f~ll amounl of each and every such payment shall be immcdiately due and payabte ~nd shall bea~ inte?est from ths da?e thereof until paid a1 tFie rale oi ~~M p!? CMtum p~v annum and to~ether with such interest shall Ix secured by the lian of this mortgage. , 1. To permit, commit ar suffer no wasle, impairment w deterioration of sa~d propcrty ot any part thereof. S. To pey all and singulsr the costs, charges snd expenses, including a ~easonable attorney i fee and costs of abstract~ oF title, incurred or paid st any time by uid MORTGAGEE, b~.~cause w in the event a( fhe failure on the parr of the said MORIGAGOR to duly, p~pnptly and fuliy perfwm, d~achar9e, execute, effect, compkte, cor*~ply w~~h and ab:de by each and every the stipulat~ons, ag~eeme~ts, cond~~~«u, and covenanrs ot seid prom~ssory nofe and ~his mertgape any o~ e~the?, and sa~d costs, charges and expenses, each and every, aF~all b~ immedi~tety due and payable; whether o~ not ~here bs no~~ce d~ mand, artempt to to!lett o~ svi? pend~ng; sr~d the fvll amouM of each and eve?y such payrtKnt shal! bea. interes~ from the date tl+ereof until paid a1 the r.~te of nine per cenrum per an~~urn; a~ all said costs, cha~ges and expenses incurred or paid, together w~th suth interest, ihall be setured by the lien of this mortgsga • 6. Thst (a) in the event of any bresch of lhis AAwtgsge or defaull o~ the part of the MORTGAGOR, w(b) i~ the event ~~y oi said s~ms of money ? herein referred to be nol promptly and ful~y paid within thiriy (30) days ~ext after the sa~u sever~lly become due and payabte, without demand or notice, or (c) in the event each and every the stiputations, agreements, cond~tions and covenanrs of sa:d promissory note +nd th~s mwlgage any o~ either are ~ol iuty, promptly and fully performed, d~scharged, executed, effected, completed, complied w~th and abided Sy, then in e~~her or any such event the sa~d ag # gregate wm mentioned•in said promisswy note then remaining unpaid, with interest accrued, and aii moneys aecurtd hereby, shall become due and pay- eb;e (orthwirh, or fhereafte~, a! 1he option of snid MORiGAGEE, as fully and completely as i( aIl of the said sums of money were originally st~pulated to be pa:d on such da•., anything in sa:d promisswy note w in this Mwtgage to the conrra~y notwithstanding; and thereupon o~ thereafter at the op~~on of sa~d MORTGAGEE, without nor~ce or demand, suit ar taw w in equiry, there(o?e or thereafre~ begun, may be prosetuted as if all rttoneys secured hereby nad matured pr~pr to ~ts institution, 7. That i~ the event that at the beginn~ng of or at any tlme pending any suit upon fhis Mortgage, or to foreclose it, or to ~efwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shail appty to the Cour~ having jurisd~ction tnereof for the appointment of • Receiver, such Court shall fc:shwith sppoint a receiver oi said mortgaged property all and :ingular, inciud~ng all a~d singular ~he income, profits, issues and revenues from whatever sc~~ce derived, each and every of which, i~ being expressly understood, is he~eby mo~~gaged as if speuficstly xt iwth and described in the g¦aming and h~oendum t~auses hereof, and such Recriver shali have all the broad ar.d effective funct~ons ansl powers in anyvrise entrusted by s Gourt to a Receiver, and s.::h appointment shall be made by such Court as an admitted equity a~d a matte~ oi absolute right to said MORTGAGEE, and without reference to the adequacy a inadequacy of ~he value of the property mortgaged or to the soivency or ;nsolvency of said MORTGAGOR or 1he defendants, and ~hat such re~~s, protits, income, issues and revenues shall be applied by such Receiver accord;ng to the lien w equity of ssid MORTGAGEE and the practice of such COUf1. ` i 8. To dufy, promptly and fully perfwm, d~scharge, execute, effect, complete, comply with and abide by each and erery 1he stipulations, agreeme~ls, ~ i conditipns and covenants in said promissory ~ote and this mo~tgage set fwth. 9_ lhst in the event the owne~ship of the mortgaged premises, a any part thereof, become~ vested i~ a person other thsn the M08TGAGpR, ihe M:ORTGAGEE, its s~sccessors and auigns, may, w~thout no~ice to the AtORTGAOR, deat with such aucceuor or wccesso. i~ interest with refe.ence to thia mo»gage and the debf heieby secured in the same manner as with Mortgagor w~tho~! in any way vitiating p d~scharg~ng 1he Mortgagors' liabitity herr ~nder w upon the debt hereby secu~ed. No sate of the premises hareby mortgaged and no forbearance on the part o( the MORiGAGEE w its successors or assigns and no extension of the time fw tiie payment of fhe debt hereby secu~ed given by tF~e N~ORTGAGEE or its successws w assigns, ahall operate ~o release, d~xharge, modify change or ~ffect the origi~al liabil~ty of ~he MGRiGAGOR herein, either in whole a in pa~t. 10. lt is specifically agreed that time is of the esse~ce of this comract and that no waiver of any obligation hereunder w of the obligaYan se- cured hereby shall at any time thereafter be held fo be a waiver of the terms hereof or of tfx iasttument secured he~by. 11. In aod:t~o~ to the ~orego'ng monthly paym~nts of princ pal and interest requ~red by the prpmissory no!e sewred hereby, mortgagor tovenants ar.d agrees to pay to mo:tgagee wrth each monrhly payment an add~~ional sum esu~iated by mortgagee ta be equal to 1; 12 of the annuaf cost of the follow- m ~ A-All real property taxrs le~ied or assessed against tfie above descr;3ed ~eal estate. , i B-P~emiums on fire and windsform insurance as herein requ~red to be carried on the ~mproveme~ts situate on the above describ~d premises. - C-Premiums on svch mortgage guaranty insvrar,ce as rr.ortgagee shall frcm time to time deem fif to carry on the ban secured hereby. ~ Nbrtgagee sh~il from time to t~me notify mortgagor in writing of the amo~nt due and payable hereuntirr and such surn shatl therevpon be due and ! ;.~yable on the due dare oi rhe .~ext month!y payment and each successive mo~th thereafter ur.tii mortgagee shall notify mortgagor of a change in s~ch e^~ount. $uch sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance c~emiums. IN W17NfSS LYHEREOF, the sa~d MOR AGOR has hereunto set his hand and seal the day and year first a(oreuid. igned, al deliv ed in e st nce of: ~''f~~~k. ~+C - _(Ses4 _ ~ B~a FoZd, a wido~w ~a~ • (Seal) - rc~al) ` STATE OF FIORIDA ~ • SS. € ~OUNTY OF ` Before me personally appeared BL~e Ford? ~ rido~r ~ i ~ to me well known and known to me to be ; rne individuay described in and who executed the foregoing instrument, and acknowledgod befwe me *hat ,f~ executed the eame for the purpoaes A therein expfested. ; r WITNESS my hand and official seal thi day of q. p, i ~ ` 4 . Notary Public in end for S!ate of F t"a~ - ' My CommiuiOn ~xpirls: ~ ~ • , % Return To: ' 4, ~ . .-a ; - : first federai Savings 3 toan Assoc7atlon ,~r l ' Of Fort P~erte. ~!G U r ~ Fort Pierte, Flor~da ~ • ' ~ . t i _ ~ Fflcp e4., :,ECu~DE~ ' , : ~ ST.~L.'J~;_ .IUaTY flA: - - - This Instrument Prepared By J. H. Roberts ~ Jr. R~,~,_:. «aS ~ • ; ' First Federa) Savings 8~ Loan Association ~v. , 3.: ~Pt ` ; . ^~i7 , of Fort Pierce ~ Florfda L i Checked By ~ JUN 7 1142~H'!~ f 256246 E g~~~215 ~~,~F 80 ~ dz ~ - = - ~r.:.' . _ _ . . y ~ r'~i