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To piacs and continvou~iy,keep on the bui!d~ngt now a hereafte~ ~ituate on said I+nd and on ~II equipmen? and personslly cove~ed by th7s matg~ sgs, wirh all p~emium~ thereon pa~d in full, fire insurance in the usual s~sndard policy form, in • ium app~oved by the MORiGAGEE, s~d wind~~orn+ ~nivrance in Ihe uiual ~»ndard pol;cy fam, in • sum app~oved by the BAURTGAGEE, in ~uch company w comW^~es t1+e MORTGAGEE m+y directj ~nd all tirs and w~nditorm insu:ance policies on ~ny of said bvild~nyi, any interest therei~ w part fhereof, in the +gg~eya~e ~vm ~fweuid w in exceu thereof, shall contain the usval standard mwtyage~ clause o~ such other clsuss a ths Mwtgagee may requ~re, makirg tha lo?s undcr sa~d po1F cies, a~ch and every, payable to said MORTGAGEE as ~b iNerest may appea~, and esch and every such policy shall be p~omplly asa 9~ed end delivered ~o any held by uid MORTGAGEE as turther security to said mort9age deb6 and, not tes~ than te~ (10) days in advance of ~he expiration of each policy. to d~ liv~r to said MORTGAGEE a renewal tFxreof, toQether with ~ reuipl fw the p~~~um of s~th renewal; and Ihere shall be no fire or winds~orm insurs~ce plx~d on any of said buildingi, any intsrett therein or pa~l lhereof, unless in tM fwm and with tM los~ paYable ai aloresaid; and in tlu ev~M +~y sum of mon~y becomes payable under such polity w pol~cies ~aid MORTGAGEE shall have ths opt~o~ to ~ece~ve and spply the sa~ne on accoum of the indebted- ness sscured hersby w ro permit said MORTGAGORS to reteive and use it d any pa~t thereo( fo~ o~hc? purpoies, wlihou? ih~reu~ wa~~~~~g or ~mpair- ing any eqv~ty, lien w~ight unda or by virlue of thia morlyaye; snd in tM ever+t sa~d MORTGAGORS shall fw any reason fail to keep ~he said premisrs so insured, a fail ro deliver promptly a~Y of said policies of insurante to w~d MORTGAGEE, or fa~l promptly to pay fully any pre~nium therefw a in +~Y respect (ail to psrlwm, d7scharge, e:ecute, effed, comptete, comply wi~h snd abids by this covenant, a any pa~t hsreof, said MORTGAGEE msy place ~~~d ~ pay fw such inwrance w any part thetco( without w+ivin~ w affedirq any option. lien, eq~ity, or right unde~ o~ by vi~tus of this Mwtga~e. and the ' full amo~nt of each and ev~ry suth payrtaM aMll be immediately due and psyabls a~d shall bear interest from the date IhereoT uniil paid at the rate ol ~ nine per centum per a~~um and to~e~her with such i~terest sha~l be securcd by the lien oi th~s mortgage. To permit, tommit or suffa no waste, impairment w dete?aration of said property w ~ny parl thereof. 5. To pay sll a~d ~ingular 1F+e tosts, charges ~nd expenxs, including a reasonabte sttwney i fee and costs of abatrads of title, inturred or paid a1 eny time by said MOw1GAGfE, becauu or in ~he e~ent of the faifu~e on the part of ~hs aaid MORIGAGOR to duly, promptly and futly perform, d~uharqe. ~xecute, lffKf, comple~e, comply with and ab:de by each and every the ~tipulations, sgreements, conditiont, a~d covenants oi said piomissory r+o?e and ~his mortgaga any or either, and said costs, charges and expenxs, each and eve+y, sh~ll be immed~ately due eMi payabte; whether or not then be ~otice d~ msnd, attempt to tolkct or svil pending; and 1he full amounl of sach ~nd every suth paymeM ihall bear iNerosl from the date the~eof u~til paid at the rate of nine per centum per annum; and afl said coses, charges and expenses inturred or pa~d, ~ogelher wdh suth interest, shall be setured by the lien of thi~ mo?t9ay~. 6. That (s) in the event of any brcach of this Mortgage o? default on the part of the MORTGAGOR, or (b) in ths event any of iaid sun+s of money Ferein referred to be not promptly and fully paid within thi.ty (30) days next aitcr the same severally become due and payable, without demand o? notice, or in ihe event each and every the stip~lations, agrecments, condi~ions and cove~ants o1 sa~d promissory note and th~s mwtgage any w either •re no1 ~uly, promptly snd fully perfwmed, diuharged, executed, eifected, compteted, compl~ed with and ab~ded by, then in either a sny such event the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, shstl become due and psy- able fortAwith, a thereafter, at the option o( said MORTGAGEE, as fully and completely as if a~l of the said sums of money were w~ginaily st~puiated to be paid a+ suth day, anything in sa;d p~omissory ~ote w in this Mortgage to ti~e contrary notwithstanding; and thereupon w thcreafter al the optian of said MORTGAGEE, withovt notice or demand, suit at law or in equity, therefore w thereaiter begun, may be proxcuted as if all moneys secured hereby nad matured pno~ 10 ~ts institutio~. 7. That in the event that at the t~eginn7ng of or at any time pendirg any su~t upon this Nbrtgsge, or to fweclox it, or to ~eform it, or to enforce payment oF any tlaims hereunder, said MORTGAGEE shall appty to the Court having jurisdiaion thereof ta the appantment of a Receiver, such Court shall ~ forthwith appo~nt a receiver of said m«tgaged property all and aingular, includmg all and singular the income, p~ofits, iuues and revenues from whatever } source derived, each and every of wh~ch, it being expressly unders~ood, is F+ereby mortgaged as if speu(icalty set forth and dewibed in the gra~~ing and habendum clauses hereof, and such Receivrr shall have all the broad and effective func+~orts and powers in anywise entrusted by a Cou~t to a Receiver, and s,;ch appointment shatl be made by such Court as sn admitted equity and a matter of abs~~ute r~ght to said MORTGAGEE, and without reference to the adequacy a inadequacy ot the value oi the property mortgaged w to the sowency or inso!vency of said MORTGAGOR or the detendants, and ~hat such ~ents, profits, income, issues and revenues shall be applied by such Receiver according to the lien w equity ot said MORTGAGEE and the pradice of such Court. 8. To duly, promptty ar+d fully perform, discharge, exaute, effed, complete, comply w~th and abide by each and eve?y the stipulations, agreements, conditions and covenants in u~d ptomissory note and this mortgage set fa~h. 9. That in the event the ow~ership of the mortgaged p~cmius, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the M.ORTGAGEE, its succeuors and assigns, may, without notice to the MORTGAOR, deal with such successa or successor in interest with reference to thia t mo: tgage ar+d the debt hereby secured in the same manner as with Mortgagw without in any way viriating or d~uharging the Mortgagors' (iability here- ! under w upon the debt hereby secured. No sale of the premixs fiereby mo~t9a9ed and no ~orbearance on 1he part of the MORiGAGEE or its successors } or assig~s and no extension of the time for the payment of the deb+ hereby secured given by 1he MORiGAGEE or its succeuors or assigns, shall operate ro releax, dixharge, modify change or affect the wiginal lianility of the MORTGAGOR herein, eithcr in whole or in part. 10. It is speNfically ag.eed that time is of the essence of this contract and that no waiver of any ob~igation hereunder w of the obligation sr cured hereby shati at any time thereafler be held to be a waiver of the te~ms hereof w of the instrument secured herby. ~ 11. In add~tio~ to the forego:ng monthiy payments of princ'pal and interest required by the p~omiswry note secured hereby, mortgagor covenants ar.d agrees to pay to mortgagee with each mumhiy pay.nent a~ add~rional sum est;mared by mortgagee to be equa! to 1;' 12 of the annual cost of the follow- ing: . A-All rea0 property taxes levied or assessed against shc above dexribed real estate. B--Premiums on fire and windstorm insurance as hare~n reqv~red to be carried en the improvemeits situate on the above described premises. ~ C-Premiu~ns on such mortgage guaranty insurance as mortgagee shal! from t~me to ti~ne deem fit to tarry on the loan secured hereby. j Mortgagee shall from time to time notify mo~tyagor ~n writ;ng of the amount due a~d payable hereunder and such sum shall thereupon be due arul' 1 i G.nyable on the clue date ot the next month:y payment and each successive ~oMh thereafier ur.til mortgagee shatl ~otify mortgagor of a thange in suth i a^~o~nt. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurance pre ums, a~xl mortgage guaranty insurance ~ premiums. ~ ~ IN WITNESS WHEREOF, the said MORIGAGOR has hereunto set his hand and seal the day a:id ar first esaid. E # ' gned. Sealed and delivered ' he presence of: ~ ~ ~ i ~%~~an : ~ ~ Seaq ~ resa e . pe «a~ 3 ~ SiATE OF fLORIDA ~ ~ } cour~n oF St. Luc ie ~ ~ Befwe me personally appeared H. L?. Spencer and ~ C!@SS1fL S~TICBY his wife, to me well krtown and known to me to be ~ tF.e individuals described in and who executed the foregaing instrument, and acknowledged before me ihat they executed the same for the pvrposes the.ein exp.essed. Md the said Cressie M. $pelICBT r~ r~~fe of the said j„ S^~~OY upon s xparate and private ~ examination by me taken separate and apart from her id husban ~ n~owledged to and befwe. me that she exetuted said instrument freely and volun- ~ rar~ly and w~thout any compulsion, constraint, appre of or from he ' husband. ~ WITNESS my hand and official seal thi day o D. 19.~_ Nmary Public in and for the State of Flolida.at'rapQ ~ ~ , My Commission expires: Retum To: • • ~ First Federsl Savings 3 Loan Association = ~ ' j ~ - ~ : ~ Of fort V~erce. • q' ; ~ Fort Pierce. Florida ^ . . ._ii f;, j - ~ ~ ' ~ r This Instrument Prepared By Gary F. Bl Q~Kp qE~~~~`~, ~ ~ First Federal Savings 8~ Loan Association ~~`~~1~~~T~ T~~~ of Fort Pierce , Rlozida tiK~v1t COU1~T ~ ' CL~AKC~ ktEar"''' ~rSrISa~I~.i p~ RECOR~ VE ~ Checked By .t Z` Q~ ~~3 ~ ,y~ 25 ~ R ' :15 F~~~ 04 . • 80~K sb ~ ~ry: ~ ~ ~r - - - - - - - _ ~ 3 f . . ~ . _ - - Y_~.~~~.~