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To ptat~ and continuous!y kcep on the bu~:d~ngs now or he~ea(ter ~~tvate on sa~d land and on alt equ~p~nent and perso~ally cove~cd by this mortg~ ags, with all premiums Ihercon pa~d in 1u11, fire inwiance in ~hs usual standa~d policy foim, in • wm appruved by the MORfGAGEE, and windsto«n insurance i~ the uswl tta~da.d pot~cy fam, in s sum approved by the MORTGAGEE, in such company or companies ~s the MORTGAGEE may directj and all fir~ ~nd w~ndstorm insurarxe po~icies on any of sa~d build~nys, ~ny inleresl lherein or pe~t lhereof, in the aggregate sum ~foresaid w in ~xcesi theroof, ~hal~ contsin the usual standard mortgagee clause or such othe~ clauie at ~he Mortgagee may requ~rs, ma?in9 the loas undrr sa~d poli- cies, each and eve~y, paYable to said h10RTGAGEE as ~q inta~rit may appear, and cach a~d every such policy shall be promptly ass g~.ed a~d deli~ered ~o any held by said MORTGAGEE as further securiry to said mortgage debt, and, not !eu than ten (IOi days in advance of ~he expiration o( each policy, to de- iiver fo said MORiGAGEE a renewal thercof, togefher with e receipt for ?he premium of such ~enewal; and Ihere shall be no fire or windsto~~n insurance placed on ~ny of uid buildings, any interesl therein d part thereof, unless in the form •nd wifh the loss payable as aforesaid; a~d iri the event any sum of money becomes payable under such policy w policiet said MORTGAGEE shall Mve the opt~on ~o receive and apply the iame on account ol the indr6?ed neu secured Mroby w to pem:it ~aid MORTGAGORS to receivs and use it w any part ~hereof for o~hrr purE:osrs, v~~~ho~t ih_~tui ~ra~~~•~3 or ~~~~pa+r- ~ny any aq~~ty, iien a right under w by virtue of this mo:sgage; u~d in the eve~t ield MORTGAGORS shall fw any reason tail to keep the sa~d premisei so insured, w iail to detivar promp!ly any of said polKies of insurancs to said MORTGAGEE, o~ fai! promptly to pay fufly any p~e~~~~um therefor or in a~y resped fail to pe~fwm, d~scharge, execute, eifed, comp~ete, ca~nply with and abids by thii cove~an~, a any part hereof, said MGRT:,AGEE may p~ace and P pay fw such insu~ance or any part thereof without waiving or affecting any option, lien, equity, or right u~de~ or by virtu~ ol fhis Mwtgage, and the iull amount of each and every such payment shall be immedistely due artd payable and shall bear intere~t from the date thereof until paid at the rate ol n~ne ps~ centum per annum and ~oge~hrr with such intaes~ sha?1 be srcured by the lien o1 this mor~gage. 1. To permit, commit or suffe~ no waste, impairment w deterioration of said property w eny part thereof. 5. To pay all ~nd sing~tar the costs, charges and expenses, including a reasonable attwney's (ce and costs of abstrads of title, incurred or paid at any time by said MORTGAGff, because or in the event oi the fa~Iure un ?M part of fhe said MORTGAGOR to duly, p~o:nptly and fully per(orm, d~xharge, execute, effecl, tomplete, comply w~th and ab:de by eath and every the stipulanons, agreements, mnditioni, and covenants of said promissory note and thi~ mortga~e any w either, a~d said costs, charges and expenses, each and evary, shail be immediately due and payabte; whether w not there be notice de mand, attempt to collecf a suir pend~ng; and the full smount of esch arr~ every such paymant shall bea~ interes~ from ~he date thereof until paid at the rate of nine per centum per annuin; and all said costt, charges and expenses incurred or paid, together w~th such interesl, shali be setured by the lien of tha mortgaga 6. That (a) in the event of any breach of this Mo~tgage w default on the part of the MORTGAGOR, or (b) in the event any of satd sums of money herein refm~ed to be not promptly and f~lly paid within th~rty (301 days nex~ afte? the same uveratly become d~e and payabte, without demand w notice. or (c) in the evenf each and every the stipulations, sgreements, conditions arul covenants of sa:d promissory nofe and th~s mortgage any a eithe~ are not ~uly, pranptly and fully per(ormed, d~xharged, executed, effccted, compieted, compGed with and abided by, then io e~ther or any such event the uid ag g~egata sum me~tioned in ssid p~amissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become d~e and pay- abte fathwith, or thereafter, at the option of said MORTGAGEE, as fully and completely aa if aIl of the said sums of money were o.~ginally tt~pulated ro be paid on such day, anything in sa:d promiuory note w in thia Mortgage to the contrary notwithatand~ng: and thereupon o? thereafre~ a~ the opt~on of said MORTGAGEE, without noeice or demand, auit at law or in aquity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnw lo its instituuon. , 7. Tha1 in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, w to reform it, or to enforte paymeM of any claims here~~der, said MORTGAGfE shall apply to the Court having ~ur~sd;Uion thereof for the appointment of a Receiver, sucfi Court shail forrhwith appoint a reteiver of said m«tgaged property all and singular, inclvd~ng alI and singular the income, p~of~ts, issues and reve~ues from whatever source derived, each and every of which, it be~ng expressly u~derstood, is hereby mortgaged aa if specifically set forth and desc~ibed 'en the g~anting and habendum clauses hereof, and such Receiver shall have a!1 the broad and effect~ve func~~ons and powers in anyw~se entrusted by a Court to a Receiver, and i~ch appoinrment shatl be made by such Court as an admltted equ~ty and a matrer of absolute regKt to said MORTGAGEE, and wifhout reference ro the adeguacy or inadeQuacy of the value of the property mortgaged or to the sotvency w~nsolvency af said MORiGAGOR w the defendants, a~d that such re~rs, profits, ioc«ne, issues and revenues shatl be apptied by s~ch Rec~iver according to the lien w equity of said MORTGAGEE and the practice of such Courf. 8. To d~ly, promptly and fully perform, dis:harge, execute, effect, complete, compty w~th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage se1 forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the k.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor w successw in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortqagor w~thout in any way vitiating or d~scharging the Marsgagori iiability hert under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearence on the pan of the /~AORTGAGEE or its successors or assgns and no extension of rhe time for the payment of the debt hereby secured given 6y the AIIORTGAGEE or its s~ccessws or au~9ns, ahall operate to release, d~scharge, modify change or affect the orig~nal liability of the MORTGAGOR herein, either in whole w in part. 10. It is spec:fically agrecd that time is of the essence of this contract a~d that no waiver of any obligation hereunder or of the obligstan sr cured hereby shall at any Iime thereafter be he:d to be a waiver of the terms hereof or of the instr~ment secured herby_ 11. In add~tion to the forego:ng month!y paym~nts of princ pal and interest requ~red by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee v.ith each mon~hty pay~nem an add:ii~nal sum est~n+ared by mortgagee to be equal to l~ 12 of the ann~a~ cost of the follow- ~ .n~: A-AU real property taxrs levied o~ assessed aga~•ist thc above desvibed reat estate. B-Premiu~ns on fire and windstorm insvrar.ce as herein requ~red to be cai~ied on the ic:~proveme~ts s~tuate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from tme so time deem fit to carry on the loan secured hereby. . I Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum ahall thereupon be due and ~ ~ayable oo the due da~e_of the next month!y payment and each successive month thereafter ur,1i1 mortgagee shall notify mortgagor of a change in such a~,,ount. $uch sums shafl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurante ~ premiums. . ~ IN YIITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand a.~d seal the day and year first sfwesaid. ~ Signed, Sealed and defivered in the presence of: a~m~ ~ '~~~aJ1K~i...~~Z t~,q ~ es D. Sta le Sr. ~ , . ~ _ - rne! tanley ~e ~ ~ SiATE OF FLORIDA St . Lucie ~ u- COUNTY OF Before me perwnally appeared Jaaes $tdAl@y a~ ~=n@tt Std~lley his wife, to me well known and known to me fo be ~ the individ~ais described in and who executed the foregoing instr~ment, and acknowledged before me that they executed the same for the purposes ti,arein expressed. And the said Garnett Stanley ~ s.ife of the said J~Q'S St31116Y $Y. upon a separate and priwte ~ exam~nation by me,t~tc~G4~sepatate.yad sparl fram her sa3d husband, ackrawledged to and before me that sfie ezecuted said instrument freely and volum ~ rarily and withouf .any t~or~i~~4{giory ~ortstraint, apprehens~on, or fear of w from Fxr said husband. ~ WITNESS. ae~r;}~sra,"pn~ o{~if jaf seal this- 8th day of J~e a D. 19 73 . ~ : . ~ . `.r ' Notary Public in end r the State of Florids at larpe ~ ' _ My Commission exp . - . - F4~,~.~ To: - _ ~ ~ = ' ~ . ` y FirsG F~dE~~ I,,;S iogs ~ tOaA f/ys~ciation , N~hry ?yb~t, ft~~ ~i Mrtd~ d te~ ' ; V~ O~ ~or~ P~ercer~-~ ' Mp Gemndstiew (~ins Ocf. 3S, 1976 ~ u ~cls•f~ori~! . ~ ` . ~endsd br Am~rrc~n F'ir~ i Cotua{ly CO. ~ i~ ¢3 ~rrn.:~ ~ ~ F~~EO ~~:~oaoEo This lnstrument Pre ared B~7. N. RobErts ~ Jr. S'• ~~~~t ~~~HTY F~A. P Y ROCEF ~3~tqa5 First Federal Savings & Loan Association CIERK C' COURT ~ of Fort Pierce~ Rf;nR;, r~,:~~~~ - Rlor ida ~ ~ Checked By Jw~; J1 9 34 AM'7s ; ~ - ~ t~~ 25548~ ~ aoox 215 P~~ 474 . ~ ~ . : - - - _ - - - _ _ - ~ - _ ~ ~ .r . . _ ~ ~:v ~