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To place anJ co~tinuously keep on ~he Ix+~'di~:gs now or herea(ter aituate on ia~d land and on ail eqv~p+nent and per~ortally cove~ed by this mor~g- sgs, w~~h all premiums ~hereon pa~d in (ull, f~re insvro~~ce io the ~sual ira~dard policy lorm, in e ium appro~ed by ~he MORiGAGEE, and winditorm ~nsu~ante in ths usual •tandard po::cy Eorm, in s sum apFrored by the Ii110RTGAGEE, in such compa~y or compan~es as the MORTGAGEE may di~ecr, and •11 fi~e and winduorm insurante po~kies on •ny o1 said buildinys, ~ny interest therein ot parl the~eof, in Ihe aggreyate sum aioresaid w in tacess ~hereol, sMll contain the usual standard morrgagee clauss or such other clause as the Mortgagee may requ~re, making ?he losi u~der ta~d poli- ues, each aod evcry, payable w said MORTGAGfE ~s its interr~~ maY sppear, and each and every su:h policy shall be promp~ly ass qned and de~ivered to •ny held by uid MORiGAGEE as. iurther security 1o said ma~gage debt, and, no~ feu tha~ ten (10) days in advance of ~he expi~a~ion of each policy, to d~- live? to said MORTGAGEE a renewal Ihereof, togNher with a reteipt fw Ihe pre~oium of suc6 renewal; and there shall be no fire oi winds~orm insu~snce placed on any of uid buildings, •ny interest lherein w part thereof, un!ess in tF+e form and with tM lou payable ai afpesaid; and in the event any sum of money becomes payable under s~ch policy or po~icias i+id MORTGAGEE shall ha~e the optian to receive and apply Ihe u~ne on account of the indebted- ness secured hereby a ro permit said MORTGAGORS to receive and us~ it w any part Ihereof for oiner purpoaes, ~v~ino~t th_~~u/ wai~i~+~ or unpo~r- ing any equity, lien or r~ght undcr w by virtue of this mo:•gsge; and i~ Ihe aven~ sa~d MORTGAGORS shall fot any reason fail to keep the said premisrs so insu~ed, or fail fo deliver pranptly any of said policies of insurance to said MORTGAGEE, w fa~l promptly to pay fulty any p~emium ~herefor w in a~y respect fail to per(orm, dischsrge, execute, eftecL compkte, comply with and abide by this tovenant, a any part hereof, said MORTGAGEE may plate a~d pay (o~ such insura~ce or any part thereof without waivirg a affedinp any option, lien, eqvity, or right under w by virtue of this Mwtgage, ~nd tF+e full amount of each and every :uch payment shall be immediately due and payable ~nd shall bear inte~est from the date thereof until paid at the rate ot nlne per centum per snnum and to~ether with such interea~ shall be secured by the lien oi this mwtysge. ; 1. To permit, tommit or suftei no waste, impairment ot deter~oration of said property or ~ny pa~1 lhereof. ~ 5. To pay all and sinpulu the costa, chargei and expenses, including a reasonable attorney's fee and costs of a5afracts of title, incurred or paid at ; any lime by said MORTGAGEE, becauu o~ in the eve~t of the failure on the part of ~he seid MORTGAGOR to duly, promptly and fuily periorm, d~uharge, ~ sxecute, e~~ec~. comP~ere, comply w~th and ab:dr. by each and every the stipula~~ons, agreemenn, cor+ditions, and covenants of sa~d promissory note and ~hia mortgage any or either, and sa~d cosn, charges and eapenses, eacA and every, ahall be immediately due and payable; whetl~er q not there be notice de mand, attempt to cotlect or iuit pend~ng; and the full amovM of-each and ewery svch paymem shall besr interesl from the date thereof until pald al the rate of nine per crni~m per annwn; and all said costs, charges and expeases incurred w pa~d, together w~?h such interest, ~hall be secured by the lien of this mort9ags. 6. That (a) in the event of any breach of this Mortgage or default on the pa?t of the MORTGAGOR, w(b) in the event any of ss:d tums of money herein referred to be not promptly and fully paid withi~ th~rty l30) days next after the same severally become due and psyable, withoul demand or notice. ~ or (c) in the event each and every the stipu;aTions, agrcements, cond~t~ons and coven~nts of sa~d promiswry note and th~s mortgage any or either are not i ~uiy, promptly and iully perfor~ned, d+schargrd, execu~ed, eifected, completed, complied with and abided by, then in e~~her or any such event the said ag gregate sum mentioned in said prom~ssory note then re~naining unpaid, with intereat acuued, and all moneys setured hereby, shall betome dve and pay- eb:e iorthwith, w ~hereafter, at the option of said MORTGAGEE, as fully and completely as il all of th~ said s~ms of money were w~g~natly stip~,{ated to be pa~d on such day, anything in sa:d prom~ssay note w in this Mwtgage to the contrary notwithstanding; and thereupon ot fhereafter st the option of j zaid MORTGAGEE, without not~ce or demand, suit at law a in equity, therefore a thereafter begun, may be prosecuted as ii all moneys secured he~eby had matured pnor to its institut~on. 7. That in the evc~t that at the begi~nirg oF or at any t~me pe~dir,g an~• suit upo~ this Mo.tgage, or to foreclou it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~c~~on thereof for the appointment of s Receiver, such Court shall Forthwith aD~int a receiver oi said mortgaged property all and singutar, includ~ng a11 and sinqular 4he income, prot~ts, issues and revenues irom whatever source derived, each and every of wh~ch, it being express!y unders~ood, ia hereby mortgaged as ii specifically ut fwth and dewibed in the g~anting and habendum clauses hereof, and such Receiver shalt have all the broad and effective funu ons and powers in anywise entrwted by a Court to a Rxei~er, and such appoinrmcnt shall be made by such Court as an admitted eq~ity and a mattc~ oi absolute ?ight to said MORTGAGEE, and wifhout reference to the adeq~aty w inadequacy of the va!ue of the property mortgaged or to the soivency or insolvency of said MORTGAGOR w ffie defendants, and thal such ~e~rs, profits, income, is~~es and revenues shall be applied by such Receiver accord~ng to the Iien w equity of said MORTGAGEE and the practice of such CouA. 8. To duty, promptly and fully perform, discharge, execute, effect, comp~ete, canply with and abide by each and every the stipulatio~s, ag~eements. ~ conditans and covenams ~n sa~d prom~ssory nore and this mo«gage set fo~th. 9. That in the event the owncrship o4 the mortgaged premises, or any parf the~eof, becomes vested in a person other tha~ tht+ MORTGAGOR, the h10RTGAGEE, its s~ccessws and ass~gns, may, witho~t notice to the MORTGAOR, deal with such successor w successw i~ interest with reference to thia mortgage and the deb~ hereby secvred in the same manner as wifh ARortgagor without in any way vitiateng w d~uharging the Mwtgagors' liabitity he~e- under or upon the debt heraby secured. No sale of the premises hereby mortgaged end no forbearance on the par~ of the MORTGAGEE or its sutcesso?s or assigns and no exte~sion of the time,for the payment of the debt hereby sec~red 9iven by the MORTGAGEE or its successors w ass~gns, shall operate ro reteax, d~scharge, rnodify change or afiect the original liab+l~ty of the MORTGAGOR txrein, either in whole or in pa~t. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation here~nder w of ihe obligatio~ sr c~red hereby shall at any time thereafter be he3d to kx a waiver of the terma hereof w of the instrument secured herby. 11. In add~t~o~ to the forego'~x~ monthly payments ~f princ'pa1 and inrere:t requ~red by tF~e promisscry no+e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each mo~~hly payr,ient an add~~ional sum est~mated by mortgagee to be et~~al to 1;' 12 of the annual cost of the follow- ng: , I A-All real property taxes tevicd or assess_d againit the above describcd real estate. B-Prem~ums on fire and w~ndstorm ~nsurance as here+rt ~equ~red to be carried on the improveme:HS situate on the above described premises. i i ~ C-Premiums on suth moctgage guaranty ir.sure~.ce as mortgagee shail from t~me to hme deem fit to carry on the toan secured hereby. ~ Mortgagee she{I from time to t~me norify mortgagor in wr~ting of the amount due and payable hereundrr and such surn shall thereupon be due and E ~yable on the due date of the next mo~th:y payment and each wccessive ma~th thereaiter ur.til mortgagee shafl notify martgagor of a change in such ~ ~•~ount. Such svms sF.ail be app:ied ty mortgagee ~oward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ nremiumi. - , IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand ar.d seal the da/ and year first aforesaid. ~ ~ ' ned, Sealed and delivered in the presence of: ~ ~ J it`~ o e (Seal? s - - ~ ~ Richard Albanese e - , ~ .tin _,Z. (.e.tJC-~ (Seaq t ; - ~ B' a e. anese rseai> ~ ~ STATE Of FLORIDA ~ ~ COUNTY OF St. L11C~e ' SS. Befae me personally appeared Rie6aYd Albanese and Blaine K. Albanese his wife, to me well k~own and known to me to be rhe individuals described in and who executed the foregoing instrument, and acknowledged be(ore me that they executed the same fw the purposes Blaine K. Albanese therein expressed. And the said_ Rieha=d lbanese „~n a separate and private ~ r++fe of the wid ~ e,amination by me tak,Gq.~epar~te and apart from her said husband, ack~owledged to and befwe me that she e:ecuted said instrumcN freely and volun- ~ rar~ly a~d w~thout any com~fsion; constrai~t, apprehens~on, fear of or from her said husband_ WiTNESS'my.h~pd•and qfficial~tepl thit day of `J~e A. D. 1973 ~ ~ - ~:.;ty _ _ C~ ~ ~ Notary Public in and for State of Florida at large ~ ~ r.:-~ ~ _ My Commi»ion expirex ' ' ' Relu~'i'o:~ ~ . - First Fed~lral ~ $Pyi~j~ ~ ~ia~nG~ooaL'on Ka~ ? ~ - ~Y ~bic. Stah ~f F~pri~ b~ • ~ ~t;0~'•fort ~e Mr af F6~P~a~~,•~fitxltla~ ~f~^/~itsion btpir~s p~, ~ 197~ i ~ , M~A Sf A+n~ricon Fir~ 6 Casvoftp Cq ~ # ~ '~~~~~u.,:... ~s F=' . FrlEO ay~• 4EC;~kDFD This Instrument Prepared By .1. H. Roberts, JY. ST~~~c~c (:)UMTr flA. : First Federal Savings & Loan Association Re ~i r~ . n. ~ ~~r~, p4., ~ :~3 of Fort Pierce RF+'pr• ~F`, COl;RJ t Checked ey t1 p .y4 34 AH ,~3 0 R ~ . # ~ eoo~ 15 P~ 4 2~~ t:~ s ~ ~ - ~ s~~ ~ ' : Y '.E.h°,~-': l . _y~ ~^x~,i~ ~ ?2~'Yv-.e '°.i...~ ~x> 2 . . .3T3'l'~ 9~ '~x.~