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To place and continvously keep on the bu~!d~ngs now o~ 1~ereafter ~~tu~te on said land and on ali equ~p~nent and pe~ton~lly covered by this matg- age, with ~II premiums thereon pa~d in full, f~re insurance ~n the usua~ standard pot~cy form, in • sum approved by the MORTGAGEE, and w~nds~onn insurante in tM ususl srandard pol~cy form, in + sum approved by the MORTGAGEE, in fuch compa~y o~ companies as the MORTGAGEE may diretl; and all iire and windstorm insv~ants po~~cies on any oi said b~ild~npi, any inlerett the~ein o~ part Ihereo(, in the agyreqate fum aforesa~d or In e~ece~s Ihereaf, tAall contain fhs usual standard mor~9agee clause w such o~her cl~use ~s ti+~ Mo~tyagee may requ~re, makinp ~he loss undcr ia~d pol~ cies, eacb and every, payable to said MORTGAGEE as ~ts inte~e~t may ~ppear, aod each and evary tuch poGq shall be prompHy ~ss g~ed end delivared ro any held by said MORTGAGEE ss fu~~her security to sa~d mwtgage debt, snd, nof leu than te~ (10) days in advance of the expiration of each pol~cy, ~o de- livs~ lo said MORTGAGEE a renewal thercof, toge~her wi~h a receip~ for the premium of such renewa~; and there shall be no f~re w windstorm insurance s placed on any of iaid buildi~gs, any inrere~~ there7n or part thereof, unless in the fwm and w~~h th~ loss payable as aforeu~d; and in the event any s~m ; of money becomes payable under such policy or pol~cies said MORTGAGEE shall have ~he oprion to receive and apply the ssme on account of the indebted ; ness secured hereby w to pe~mit sa~d MORTGAGORS ~o receive and use it or any par~ the~eof for mher purNOSes. ,vi~hout th_reo~ waivi~ig o~ u~,paa- ? iny ~ny equ~ty, lien or riyht ~~der or by vi~tue of th;s mo:'gage; ~nd in the event ssld MORTGAGORS shall fo~ any reawr+ fail to keep the u~d premisrs so insured, or fail lo deliver prompfly any of said pol~cies of insurance to said MOR~GACaEE, ot fail promptly to pay futly any pternwm therefot or in a~y respect fail to paform, discharge, e:ecute, etfed, complate< comply wi~h snd abide by this covenant, w sny part F+areol, said MORTGAGEE may plate a~.d paY fo~ ivth lnsurance o? any part thereof wilhout w~iviog or affecting a~y option. tien, equity. or right unde? or by virlue of ~his Mortgage. ~nd the full ~mouM of each and every such paymenl shall be im~nediately dve and payable and ihall bc+r interesl from the date thcreo( until paid at the ~ats ol t nine ptr centum per annum and to~ethr~ wiih such interest shall be srcured by the lien of lhii mwtgage. 1. To permit, tommit o~ suffer no waste, impairment w deterioration of said propery or a~y part thereof. 5. To pay all and singular the costs, charges and expenses, including a reawnable attwney i fee and costs of abstrads of titls, incuned o~ pa~d at any time by said MORTGAGfE, because or in the event of the (ailure on the part of the said MORTGAGOR to duly, promptly and fully pe~form, d~scharge. ~ execv~e, eHect, comptere, comply w~th and ab~de by each and every the stipu!at:or+s, agreements, conditions, and covenants of sa~d promissory note and this mortgage any or either, and sa~d costs, chargea and expenses, each and every, shall• be immediately due and p~Yabte; whether w not the~e be notKe ds mand, attempt to coliM w suit pend~ng; a~d the full amount of each and every such paymcnt shall bear interest from the date thereof until paid at ~he ~ rote of nine pe? centum per annum; and all said cosis, charges and expenses incurred w paid, together wAh such imerest, thall be secured by the lien of th~i mwtyap~. ' 6. That in the event cf any breach of this Mortgage o~ default on the part of the MORTGAGOR, or ;b) ~n the event any of said svmt of money i heiein ?eferred to be not promptly and futly paid wilhin Ihirty (30) days next after the samr seve~atly beca+x dua and payable, without demand o? notice, or (cy in the event each and every the stipu7ations, agreements, conditiorts and covenants of sa~d promissory note and th~s mortgage any a either are not iuly, prompfly and fully performed, d~uharged, executed, elfected, completed, complied wifh and abided ~iy, then in eithei w aay such event the said a¢ gregate sum mentioned in said promissory note lhen remaining unpaid, with interest acaued, and all moneys secured hereby, ihall become due and pay- able forthw~th, or thereafter, at the opf;on of said MORTGAGEE, as fully and completely as il all of the said sums of money wt're or~g~natly itipulated to be paid on such day, anything in sa:d prom~ssory note or in this Mwtgage to the contrary notwirhstanding; and thereupon a thereafte~ a1 Ihe oprion of sa~d fAORTGAGEE, without not~ce or demand, suit at law a in equity, there(ore or thereairer begun, may be prosewted as if all moneys secured F?~reby had mstured pnor to its institution. 7. That in the event that at the beginn;ng of w at any fime pending any suit upon this Nbrtgage, a to fweclose it, ot to reform it, w to enforce payment of any claims hereu~der, said MORTGAGEE shatl apply to the Court having jurisdia:on thereof for the appointment of s Receive~, such Cour1 shall Forthwith appo~nt a receiver of said mortgaged property all and s~ngutar, includ~ng all and singular the income, profits, issues and revenues from whatever so~rce derived, each and every of wh~ch, it being exFxess!y ~nde~siood, is hereby mor~gaged as if speufically set forth and deuribed in the granting a~d habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Courf to a Reteiver, and s;.ch appointment sha~l be made by such Court as an admitted equity and a~natter of absotute right to said MORTGAGEE, and without reference to the adequaq or inadequacy of the value of tF~e property mortgaged or to the soivency w~nsolvency of sa~d MORiGAGOR a the defendants, and ~hat such ren~s, profits, intome, iuues and revenues shall be appJ~ed by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practite of such Court. 8. To d~ly, promptly and fully pertorm, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, ag?eements, canditions ar+d covenants in said promissay nore and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereoF, becomes vested in a person other than the MORTGAGOR, the MOR?GAGEf, its successors and assigns, may, wiehout notice to the MORTGAOR, deal with such successo~ or s~ccessor in interest with reference to this mortgage and the deb~ hereby secured in the same manner as with Mortgagor w~thout in any way vit~ating or dixharging the Nbrtgagori liability hero- under w upon the debt hereby sec~red. No sale of the premises he~eby mortgaged and no forbea~ance on the part of Ihe MORiGAGEE or its successors or assigns and no extension of the time fw the payment of tha debt hereby sec~red given by ~he N10RTGAGEE or its suctesaws w ass~gns, aha~l operate ro releasa, discharge, modify change or aifect the original liabil~ty of the MORTGAGOR herein, either in whofe w in part. 10. 1! is speci(ically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblgstan sr c~red hereby shall at any time thereafter be he!d to be a waiver of the terms hereof o? of the instrument secured herby. 11. In add:rio~ to the fo~ego:ru,~ montRly paymsnts of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee v~~th each mcmh;y payrnem an addrtional sum estima~ed by martgagee to be equal to 1;`12 of the annual cost of the follow- ~ ~ng: A-All real property taxrs lev~ed o+ assessed agab,st thc above described real estate. j B-Pren:iums o~ fire and windsrorm. insurarce as herein requ~red to be carried on the improveme~ts situate on the above described premises. i C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry o~ the ban secured hereby. Mortgagee shall from t~me to t~me notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due date oi the ~~ext month:y payment and each successive month thereaiter urtil mortgagee shall notify mortgagor of a change in such ~ i . a^:ount. Such sums shall be app!ied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance 't ~ p~emiumt. ~ ~ WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and first aforesaid. ~ X ned, Sealed an~elivgg~ in th ~presence of: . ~ ~ sesq ~ _ hard P.. Bu -ges ~a~) i X . Cl. ~ . P (Seal~ ~ ~ % - - Ada C• BuZgess (Sea~) ~ , . STATE OF FE9RIBA KYL/~/vn 1 O~~ ~ SS. COUNTY QF ' i ~ ` ~ - Richard P. Buraess ~~a t ,.~1= • Ada C B r ss his wife, to me well known and known to me to be the 1riQi~d ~d-- =~rho.executed the foregoing instrument, and acknowiedged before me that they executed the same fw the purposes : tha?ein ~A~~sud:~ Md ihr! C BLtI @SS rve/s;Af' said ''~3'Ch~ ; i Burgess upon a separate a~d private ? exx~@afb ~ta`e ~ ~'and apart from her said husband, acknowleoged ro and befwe me that she executed said instrument frce{y and volurr ' rarily '~~~R~ ~liian; constraint, apprehe or f r of or from her sai nd. • Ma 73 ~ R~ ~y. ~ •official xal this dsy of y A. D. 19 . ~ ''i~~Q~~ ~f ' ~~s1;lf.~~a~`~ ~ ' otary Public in and fw the Stste ~,Iocid~at large My Commission expires: ~9~~/`~~~ . w' ~ ' ~ Retum To: • p ' ; first Federal Savings 3 Loan Associat~on ~ ~ ~ Of fort P~erce. ; ~ Fort Pierce. Flo~ida . FILEG A~~~ -'.:C~ROED ST. WCi: G:tJNTII FIA. RGCF.~ r~)~Tr',~S i ~ CLE°.~ v 'CU`" CCURT ~ ; x This Instrument Prepared By John W. Collins aFr,c;r'~ ~.~c. '~E~ _ ~ First Federel Savings & Loan Association : w~ ~ . of Fort Pierce~ Rlorida 1 9 35 aH ~7 g ~ Checked ey ~ ~ ~ra~ 0 R ~ soex 5 ~c~ 4~ ~ ~ ~ , . _ . _ - _ r ~ _ .~5_~~,,,y~.: - z~~-~.~~