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To plat~ and co~t:nuou+ly keep on the bui:dings now w hereaf~er situate on said land and on ~11 equip~nen~ and per~onally cove~ed by this mwtg- ag~, with ~i) prsmi~rry the~eon pa~d in full, fire insurance in the usual ~tandard policy fotm, i~ a sum approved by tha MORIGAGEE, and winds~orm inwr~nce in the usual srartdard pol~cy tum, in a sum ~pproved by the MORTGAGEE, in tuch company o~ compan~es ai ~he MORTGAGEE may dir~ct; ~nd all firs and w;ndirorm inaurance poliuet o~ a~y of sa~d build~npi, any intere~t ~txrein w parf thereof, in the aggrega~a sum afwesaid a 1~ txceu Ihertof, shall co~tain the ~suat ~tandard mor~gagee clause or such other clause as IF~s Mongayes may ~eq~~rs. maMing the lo» under ia~d poli~ cies, eath and every, payabls ro s~id MORTGAGEE ~ti iroerest may appear, and each aod every auch policy ~hall be promptly ass gned a~d de~~ve~ed ~o +ny hald by said MORTGAGEE as furthe~ secu~ity to said matgags debt, and, not leu ~han ten (10) days in advanca of the e~pi,at~on of each pot~cy, to de- liver to wid MORIGAGFE a ~enewal thereof, togethsr with a ~ece~pt (o~ the paemium of such renewal; and ~here shall be no f~re o~ winds~or~n insuranc~ placed oti any of said buildings, ~ny intereat Ihe?ei~ w parl thereof, unlesa in the form and with the loss payable as atwcsaid; ar+d in the evertf any sum of mpKy (xcprnes payable under such policy w poli<ies said MORIGAGEE shaU have ~he option to receive and apply the same on accoum of the indeb~ed- ness secu?ed hrreby w to pe~mit said MORTGAGORS to recaive and use i~ o~ any pait ~hereof for o~ner purposes, .•.;~ho~t ~h.+~ur .vai•.~ng c. u~~pa~~- inp any equiy, lien ot ?ight unde~ or by virtue ef this mo:!gage; ~nd in the event uid MORTGAGORS shaf! for anY reason lail to keep the said premisrs w insured, a tsil ro deliver prompHy any of as~d policies of insurar.ce to sa~d MORTGAGEE, a fa~l promptly to pay fufly any pre~»~um therefw o~ in any reipetl fai! 1o perform, discharge, ezecute, effect, con.plet2. comply with and abide by this covenanl, w any pa~t Ixreof, said MORTGAGfE may place •rxi pay fa such insurance or any part the;eof without waivirg or affecting ~ny option, lien, equity, or ~ight under or by virtue of Ihis Morfgaga, and 1he full smou~t of each and every such payment shall be immediately due snd payable and shall bear interesl from the date Ihereof until paid at tM rate of , _ nine per centum per annum and togethrr with such interest ahaii tx secured by fhe lien of thi~ morigage. 1. To permii, commit o~ sufter no waste, impairment or dete~iorsrion of said property or any pa~t thereof. 5. To pay a!1 a~d s~ngular the costs, charges and expenses, includirg a reasonable attaney's fee and cost• oi abst~acta of title, incurred or paid at any time by said MORTGAGfE, becauae or in ~he event of tlie failure on the par~ of ~he sa~d MORTGAGOR to duly, promptly ~nd fulty perform, d~scharge. ; exccute, effect, comptete, compty with and ab:de by each aod every the stipulaNons, ag~eements, conditions, and covenants of se~d prom~ssory ~ote and this morfgage any w either, sod usd costs, chuges and expenses, each and every, sMll be immediately due and payable; whether e~ rtot there be norice d~ mand, attempt to collect or suit pe~dingJ and the full ar~avnt of each snd every suth payment shall bea. inrerest from fhe dafe tFxreof untii paid at tfie rate oi nine pe? centum pe~ an~~um; and ali said costs, charges and expenses incu~red w paid, together w~th auch interest, shall be secured by the lien oi thif mortgaye. 6. That (a) in the event of a~y breach of this Mwtgage or default on the part of ttx MORiGAGOR, or (b) in the event any af sa7d sums of money herein referrsd ro be not promprly and lully paid within thirty {3p) days neat sfte? the aame seve~atly become due and payable, without demand w notice, or (t) io tht event each and every the stipulations, ag~eements, conditions and covenants of sa.d promissory note and th~s mortgage any w e~ther are oof ~uly, promptly and fully per/ormed, d~scharged, executed, effected, compfeted, compl;ed w~~h ~nd ab~ded by, then in eiihcr a any such event the said ag gregat~ wm mentioned in said promissory note then remaining ~npaid, with ~nterest accrued, and aSl moneys secvred hereby, shall becomr due and pay able forthwith, or thereafter, at ~he option of ~sid MORTGAGEE, es fully and comp(ete~y as if aN of the said sums of money werr o?ginally sripufated to be paid on such day, anyth;ng in sa:d promis:wy r+ote or in thi: Mortgage to the conrrary notwithstandiny; and ~he.eupon or thereatter at ~he option of ~ said MORTGAGEE, without notice or demand, suit at law w in equity, therefoie or thereafter begun, may be prosecuted as it a~l moneys secured hereby had marurcd prwr to its instirurion. 7. That in the event lhat at thr beginn~ng of w at any time pending any suit upon this Mortgage, w to foreclose it, w to ~eform it, or to enferce payme~t of any clairr~ he~eunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appo~ntment of a Receiver, such tou~t shail forthw~th appoint a receiver of said mwtgaged property all and sir~gular, includ~ng all and s;ngular fhe income, profita, iuues and revenuea from whatever c source der;ved, each and every of wh~ch, it being expressty unde:srood, is hereby mortgaged as if speuiically xt fo~~h ar+d deuribed in the granti~g and habend~m clauses hereof, ar+d such Receiver shall have all the broad and effective funct~ons and powe.s in anywise entrusted by a Cou~1 to a Recriver, a~d a~ch appointment shall be made by such Court as an admi~ted equity and a matter of absolu~e right to said MORTGAGEE, and withou~ reference to the ' adequacy w inadequacy of rhe value of tF+e property mortgaged or to the sotvency or insolvency o( sa~d MORTGAGOR or the defe.,danes, and tha~ such rents, profits, income, issues and reven~es shall be applied by such Receive~ actad,ng to the lien or equity of said MORTGAGEE a~d the prachce of such Court. 8. To duly, promptly and fuily perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulati~s, agrcements, co~ditions and covenants in sa:d promissory note and this mortgage se~ fwth. 9. That in fhe evenf the ownership of the mortgaged p~em;ses, w any pnit thereof, becomes vested in a pe~son other than the MORTGAGOR, the MORTGAGEE, its successors and assisns, may, withouf notice to the MORTGAOR, deat w~th such successw or successor in interest rrith reference to thia mortgsge and the debt hereby setured in the same manner as with Mortgagor without in any way viliating or diuharging !he Morfgagori liability here~ unde? or upon the debt hereby secured. No sa!e of the prem~ses he~ety mortgaged and no forbearance on the part of the IAORTGAGEE w its successors or assigns and no extension of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors or auigns, s~wtl operate to release, discharge, modify change or affecr the original liab;lity of the MORTGAGOR Fxrein, either in whole w in part. )0. It is specifically agreed that time is of the essence of this contraU and thal no waiver of any obfigat~on hereunder or of the obligaYan se- - cvred hereby ihal~ at any time therealter be held to be a waiver of the terms hereof or of the instrument setured herby. I1_ In add~tion to ihe fwego:ng month!y paym~nts of prirtc'pal and interest required by the prom;ssory no~e secured hereby, mortgagor covenanfs ar.d agrees ro pay to mo: rgagee ev;th each rnomhly payrnent an addn]onal sum est;mated by mortgagee to be egual to 1;' 12 of the annual cost of the follow- ing: A-All real property taxrs tev~ed or assessed aga~~sf thc a6ove desc*ibFd real estate. ~ B-Prem~ums on fire and windston» ir.surarce as bere~n req~~;red to be carried on the improveme~ts s~ruare on the above d:scribed premises. ! C-Aremivms on svch mongage guaranry ir.surance as mortgagee shall fiom time to time deem fit to carry on the loan secured hereby. ; Mortgagee shaii from time to time notify morty-agcr in w+~t;ng of the amount due a:x1 payable hereundrr and such sum shall thereupon be due and ! ~ayable on the dve date of ~he next month!y payment and each successive month tnereafi~r until mortgagee shall notify mortgagor of a change in such ! amourtt_ Such s~ms sha:i be applied by mortgagee toward tt~e payment of real property taxes, insurance - prem:ums, a:~d mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the sa~d MORTGAGOk has hereunto set his hand and seat the day and year irs~~ aforesaid_ / Sig~~a~ ~~delive~ed in the presence of: ~ Sea~ ' - ~ (Sesq ; - (Seaq ; Witne s 2~tary ~a,y i STATE OF I1 l.ino is ~ i ~ COUfVTY Of _ ~~~K ~ l ~ Before me rsonall a a~ j pe y ppeared ~3llte Luongo E Mar Luonao y his wife, to ~ne well known and known to ~ to be ~ the individuals desu~bed in and who executed the foregoing instrumenf, and atknowledged before ~ me that they executed the same for the purposes f therein exprcsxd. A~d the aaid = ~ wiSe of the said Dante LUOT1~0 upor~ a,~sepiS±fe erid• Wi*a+e ~ exam+nat~on by me takert separate and apart from her sa~d husband, ackrawledged to and befwe me that she executed said irWrumqpi.fcegljr ~nd'yolv~- ; tarily and w~thout any compulsion, constraint, apprehension„ otr fear of w from her said hus . •.~~i~ ~ . ~L~ . WITNESS my hand and offiual seal thi~ day of ~ ~}9~.-. _ ~ - , t ; Natary Publit in and fw ~tete o;~ ~~rg~ ; i- ' My Commission expires: , • ~ j Return To: ~ ' ~ : . ; ~ First Federal Savings 3 Loan Association t.C~'••.....;'~`~~ ' OI fort P~e:ce. ' ~.r" ; . ~ ~/.~,Ii~7~,lllli{~~~~,'!~ , i Fort Pier~e, Florida FllFO tti°~ r~ ,.r:C~O SLIJC!E ..,i~~TT FLA. ! RO:,r. ;'~,;irtRS ` ~ ' This Instrument Prepared By John W. Co111n8 ~~~Fr r, ~.:>URT P'^r~ ~ .E" =~E~J First Federal Savings 8~ Loan AssociaTion ; of Fort Pierce Florida ; ' 1~ S ss AN'73 ~ Checked By ~ - ~~5~ ~ • . a~ox~~5 ~c=1 ~1~ sb _ ~ . ~ - ~v~~ __w _