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To placs and conttnuously keep on the bui!d~ngs now a herea(te~ tituate on said land and on all equipmenl +r+d parsc*~~Ily tovsred by lhit mort~- afls, wilh all premiums thercon pa~d i~ full, fi~e insurante the ususl standard polity lam, i~ ~ ~um approvtd by the MORfGAGEE, and w~ndstum inwrsnc~ in tM usu~l standard pol~cy Iwm, in • sum approved by tM MORTGAGEE, in such company o~ comP+n~es a tM MORTGAGEE m+y dutc~r and •II tire end wi~tam inivranc~ poliues on any of seid build~nps. any inte~est thertin or part thereof, in tF?s apy~cyate ium aloretaid w in ~xcsa thsr~of, shall contain ths usual standard mo~tgag~s claus~ a iuch othe+ claus~ ~i tM Mor~yages may requ~~e. makinp tM loss under ia~d poli~ ciei, esch and ~very. p+Yable to said A10RTGAGEE a~ ~ts interas~ may appsar. and eacA and ev~ry auch po1~q ~hsll be prompuy ~as yncd and detive~rd ~o any Mld by said MORTGAGEE ~s further security to ~aid mwtyage debt, and, no~ leai 1Mn ten (10) days in adva~x~ of tM eap~~ation of each policy, to d~- liver to taid MORTGAGEE a rcnewal thercoi, tope~her with a reteipl fw Ihs premium of tuch renewal; and thers thall bs no f~re or windstorm intu~~nc~ placed on ~ey of said buildinps, sny intere~t the~e~n a ps?t tF~eof, untess in the form and with tM !ou payable ss afaei~id; and in ti+e •veM any ~um of mon~y becomes payable unde~ iuch policy or policie~ said MORTGAGEE shall have tM opt~on ~o receive and spply the sune on r.- ~um of the indab~ed- : neu secw~d Fa+eby w ro permit said MORTGAGORS to reteive aod u~~ it p eny part thereo( for othrr purpases, w~thout :hr.au~ wai~ing or ~~~~pa~~- ~ ~ry ~ny equ~ty, lien w riqht uoder or by virtua of this rtio:tgage; and in the •veM sa~d MORTGACsORS shall fw any reason t~il to keep ~he sa~d p~emisrs so f inivred, a fall fo deliver promptly any of wid policies of iasursrxs to ssid MORTGAGEE, or fail promptly to pay fully any pre~n~~m therefo~ w in a~y i resped fait ro per~am, d~scharge, exec~ts, eifect, complete, comply with and abide by this covenanf, a anY pan ha+eot, said MORTGAGEE may pl~ce and . pay fa such insurance or any part thereof without waiving o~ affectin9 ~ny option, lien, equity, "o~ right unde~ w by vinus of this Mw~gage, and ~he ~ full amount of each and every such paymen~ shall be immediately dve and payable snd ahall bcar i~terest from the date thereof until paid a~ the rat~ ol ~ nins per cent~m psr annum and to~ether with fuch interes? shall be secured by the IiM of this mortgage• ~ To permif, tommit or suffer no waste, impairment a dcteraratio~ of said proptrty u any part therrof• { 5. To pay atl and sirgul~r the costs, charges and expense~, including a reasonable ananey i fee a~d cos~i of abslrscts of titir, incurred a paid at i eny time by said MORTGAGfE, becauss a in Ihe event of the (ailure on the part of the saed MORTGAGOR to duly, promptly and fully perform, d~uharge, ~ execute, effect, comptete, comply w~th and ~b;de by each and everK the stipula~io~s, agreements, conditions, and covenants oi said promissory note and thit ~ mortgsge any a either, and said costs, chsryes and expenses, each and every, shall be immediately due and payable; wl+ether w not there be notice d~ msnd, attempt to coIIM w suit pend~ngi and the full amount of each snd every such paymem shall bea? intcrest f~om the date thereof umil paid a1 the rare of nine per centum per annum; and all said costs, charges and exptnses incurred or paid, togefher w~th such intere:t, shall bs secured by tfia lien of thi~ ! mortgag~• . ~ 6. That (a) in ~he event of any breach of this Mortgage or defaul~ on the part of the MORTGAGOR, a(b) in the event any of sa~d sums of money _ ~ harein referred to be no? promptly and fully paid within Ihi~ty (30) days next after the same severafly become due and p~yable, wifhout dcmand w notice, } or in the evem each and every the stipuiations, agreements, cond~tans and covenantf of sa+d promiuory note and th~s mortgage any o~ eithe? are no1 i ~uly, promptly a~ fully perfwmed, d~xharged, executed, efiected, comPleted, complied with and abided ~iy, then in eiiher o~ any such eveM Ihe sa~d ag- + g~egate sum mentioned in said promiuo~y note then remaining unpaid, with interest actrued, and all moneys secured hercby, shall become dw and pay- ; eble fwthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as i( all of the wid sums oi money were wiginally stipulatcd j to be pa3d on such day, a~ything in sa:d prom~sswy note w in this Mortgage to the coRtrary notwithitanding; and thereupon o~ thereafter at tha op~ion of t sa~d MORTGAGEE, withovt notice or demand, suit at law w in equity, therefore w therea(ter begun, may be prosecuted as if all moneys secured hereby i had matLred pnor to its institutiw~. 7, That in the event that at the beginning of u at any time pending any sult upon this Mortgage, a to forectose it, or to reform it, o~ to enforce payme~t of sny claims hereunder, said MORTGAGEE shafl apply to the Court having jur~sd:a~on thereof for the appo~ntment of a Receiver, such Covrf shall forthwith appoi~t a teteiver oF uid mortgaged Froperty all and singular, inc{ud~ng all snd singv!ar the income, profits, iuues and revenues from whatever source derived, each and every of which, it be~ng expressly ~nderseood, is hereby mortgaged as if spec~(ically set fath and described in the g~a~~ing and habendum clavus hereof, and such Receiver shall have all ~he broad and effecrive funct~ons and Fowers in anywise entrusted by a Cant to a Receiver, and sc;h appointment shatl be made by such Court ~a an admifted equity and a matter of absolute right to said A10RTGAGEE, and without reference to the adequaty or inadeqwcy o~ the value of the property mortgaged a to the solverxy or insolvency of sa~d MORiGAGOR a the defendants, and that such ~ renfs, profits, income, issues and revenues shall be applied by s~ch Receiver according to the iien w equity oi said MORTGAGEE and the p?actice of such ~ Court. 8. To duly, promptly and fully pe~form, discharge, exxute, effect, complete, comply wilh and abide by each and every the stipuiations, agreements, i conditans and covenants ~n sa~d promissory note and this mortgage set fwth. 9. That i~ the event the ownership of the mortgayed premixs, or any pa?t thereof, becomes vested in a person other fhan the MORTGAGOR, the ' MORTGAGEE, its successors and ass~gns, may, wirhout notice to the MORTGAOR, deal w~th auch successw or successor in interest with reference to this ~ mortgage and the debt hereby secured in the same manne~ as with Nbrtgago? without in any way vitiating a dixhargirg fhe Mortgagori liability here- under or upon the debt hereby aecured. No saie oF the premisca hereby mortgaged and no forbeaiance on the pan of the MORTGAGEE or its successors or assigns and no eztension of the time fu the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operatt to releau, discharge, modify change or affect the origi~al liability of the MORiGAGOR herein, eittxr in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and thal no waiver of any obligation hereunde? or of the obligaYan se- cured hereby shalf at any time thereaFter be hetd to be a waiver of the terms hereot or of the instrument secured herby. ~ 11. In add~tio~ to the forego:ng monthly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenants ~nd agrees to pay to mortgagee with each monthly payme~t an add~rional sum est~mated by mwtgagee to be equal to 1% 12 oi the annual cost of the follow- ;~9. - i A-AI~ real property taxes kv:ed or assessed aga~~st the above deuribed real estate. ~ B-Premiums on fire and windsrorm insurar,ce as iierein requ~red to be carried on the improveme~ts situate on the above desc.ibed premises. j C-Premiums on svch mortgage guaranty ir.sura~,ce as mortgagee shall irom t:me to ti.ne deem fit to tarry on the ioan secured hereby. ! Mortgagee shall from time to tirrK notify mortgagor ~n writing of the amount due and payable he~eunder and such sum shall thereupon be due and ~ payable on the due date of the next monthiy payment and each successive month thereaft,+r ur.til mortgagee shall notify morrgagor of a change in soch ~ a~:ount. $uch sums sF.ail be appiied by mortgagee toward the payment of real property taaes, insurance p~em:ums, a~ed mwtgage guaranty insurance a premiums. ~ IN WlTNESS WHEREOF, the said IJIORTGAGOR has hereunto set his hand and seal ~he day and year first foresaid. ~ , Sealed and delivered ' the presence of: ~ Sesp ~ ~ • • {1~'lf tC (Seaq : (Seal) 3 Od8 V~ W~1~tCOmb ~Staf) ' S'ATE OF FLORIOA ~ ' ~ St . Luc ie couNrY oF ~ Before me penonally appeared Wh~tCOIIb and ~ ~a V~ ~'1~tC0~ his wife, to me weN known and known to me to be - the individuals des<ribed in and who executed the foregoirg instrument, and atkrwwledged before me that they exetuted the same ior the purposes therein expressed. And the said ~a V• ~1~tC0~ D. C. Whitcolab ~ ''"'''q~ ' +vife of the said pon a seqsr~~e•and i' exam~nar~on by me taken separate and apart from her said husband, acknowledged to and befo~e me tF?at she executed said inatrumq,ai ft~ly:~rid irolYn;~., ' ~ rarJy and without any compulsion, censtraint, spprc ;n~ , pr fear of ot fmm her said husband. ~ ! ~ WITNESS my hand and official seal thi~ l•i j"~. dsy of `1~e ~a a~. A9~..~ ~ ~ r,J~~ ~ ~ ~ ' ; 1- ~ Nou Public in and fw State of ~d~ a r ~ m T : aT~~i~E C ~1W~f Y My Commiuion expircs: • ~ C41 : d'y10 ,y , ~ ` Rero o ~OCEi POITRAS !J First Federal Savings 3 toan Associat~on 6LERI( C~~CUIT COURT „ ~ RECQ~i~ Y~RIFIfO~~ _ ~ . Of Fort P~erce. ~{p~~ ?~~y fhh ef Fbe+~ ~1 la~N ' ~ • • - _ - . F+'. ' 1 Fort Pierce, Flo~ida ~,.'A ~ fllJ l7~1 ~ C~~~WM ~r~ 1~~ ,,'I~~~•~• ~ ' JUII ~D G 43 i J~ ~,d.d br M».Kw+ R•• a c~~~ ~o- - ~ - n~ n- ~ ~ KJ r~" ~ This Instrument Prepared ByJ. H. RobeYts ~ Jt. ~ - First Federa~ Savings & Loan Association . Fort Pierce ~ Florida + ~ • Checked 8 ~ ~ ~OQ~t ~.i~ PA6f ~ _ _ _ _ ~ : ,