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To plact and continuously kcep on the buitd~ngs now or hereafte~ uWate a~ said tand a~~d on ail equipme~t and pe~sonally cdvered by this mwty~ age, with all premiums therew~ pa~d in ful~, fire insurance in ~he usual s~andard policy form, 6i a sum approvad by ~he MORTGAGEE, and w~ndstorm insuranc~ in tM usual ~tandard po~~cy (onn, i~ + s~m approved by tM MORtGAGEE, io such company w compan~es as 1he MORTGAGEE may dired~ aod all firo +nd winditorm i~surance policie~ on ~ny oi iaid build;nys, ~ny intcre~t therein or put thereof, in iM apyrey~~e wm aforeisid a in ~xcess tfiereof, ihall contain the usual standard mortgages clauss a such o~her dauss as the Mortya9ee m~y requ~r~, ma?ing ths loss u~+de. sa~d poli- ciss, e~ch and every, payable to said MORTGAGEE af its ~n~ereit may ~ppea?, and exh and every such pol~cy ihat! be prompiiY ass gned a~d delivered ~o •ny held by said MORTGAGEE as funher seturity to uid mo~~gage debr, and, no~ less than len (10) dsys i++ advance of the eYp~ratio~ o( each p~licy, ~o da live~ to said MORTGAGEE a renewal thc~cof, ~o~ethe~ with a rcceipt fa the prsmium of tuch renewal; and there shall be ra ti~e or winds~orm in~u~ancs pl~ced on +ny of taid buitdings, any inlerest tFxreie or part Ihe~eof, unleu in ~he fo~m and wi~h tM loss payable as aloresaid; and in the event any tum of mon~y becomes payabla u~der such polity w policie~ uid MORTGAGEE shall Mve ~he oplion to receive and apply the same o+~ account o( the indebted- ness secured hfreby w to permi~ uid MORTGAGORS to recei~e and use i~ w any pa?t thereoi fw oii,er ~u~poses, w~+houf thercb~ wa~.i•~g o. u,~pdir- ing any eq~ity, lien w righl undcr a by virtut of this mo:tgage; ~nd in ths event said MORTGAGORS shall ia any rcason fail to keep the said premisrs so in~ured, or fail b detiver promptly any of said policies of insurance to sa~d MORTGAGEE, w fail promptly to pay fulty any pre~n,um lherefor o~ in any re~pect fail to perfam, discharge; execyte, effec~, complete, comply wi~h and abide by this cove~aN, a a~y par~ hereof, said MORTGAGEE may pl~ce and pay fw such iniurancs or any part thereof wi~hout w~iving or affecting eny option, lie~, equity, o~ right undm w by virtw of this Mwlgaye, and the full amoum of each and every such payment shall be immediately d~e and payable and sMll bear intere~t from the date thereof until paid a~ the rate ol nin~ per centum per annum and to~ethtr with such interest shall be secured by the lien of lhis mortgage. , 1. To permit, commit or sufte~ ~o waste, impairment w deterioration of said properry or any part thereof. 5. To pay all and sinyular the costs, charyes and expenses, includinp s reasonable attaney's fee a~+d costs of abstracts of titie, incurred or paid at _ any time by said MORTGAGEE, bccause or in the event of the (ailure on the par~ of ~he said MORTGAGOR fo duly, pra.nptly and fully perfwm, d~xhargt. exec~te, elfect, compte~e, comply w~th and ab:de by each and every the stipulations, sgreementi, conditions, and covcnants of sa~d prwn~ssory ~ote and thii mortgage any or ei~her, and said costs, chuges and expenses, each and every, sMll be immedietety due and payable; whethcr w not fhere be naice da mand, attempt ro cotkct or suit panding; and the full amount of eath and twery such payment shall bea. interest from the date thereol u~til paid at the rate of nine per cent~m per annum; and all said costs, chuges ~nd expenses inturred w paid, Iogeiher w~th auth interesl, shall be secu~ed by 1F~e lien of thw mortpags. ' 6. That (a) i~ ths eveM of any bresch of thii Mortgage w default on the part of the MORTGAGOR, or (b), in the event s~y of sa;d s~ms of money herein referred to be no! promp~ly and fulty paid within thirty (30) days nexl afre~ the same severally become due snd payable, without demand or no~~ce, o~ (c) in the event each and every the ~tipuistions, sgreements, cond~rions and covcnants of sa~d promissory no~e and th~~ mortgage any or either are ~w ~uly, promprty and tutly performed, d':scharged, executed, effected, completed, compl~ed with snd abided 5y, ~hen in eahe~ or a~y such evem the said ag gregate sum mentioned in said Fromissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- abte forthwith, a thereafter, at the option of said MORTGAGEE, as fulty and complelely as if all of the said sums of maney were wginally :tipulated :o be pa~d on such day, anytliing in sa:d pro~nisswy note or in this Mortgage to the contrary notwithstandi~ig; and thereupon or therrafter at the op~~on of said MORTGAGEE, without notice or demand, suit at law w++~ tquity, therefwe or thereafter begun, may be proseculed as if all moneys secured hereby had matured pnor to its institutio~. 7. That in the event that at the beginning of or at any time pending any su~t upon this Mo+tgsge, or to (oreclose it, a to re{wm it, o~ to enforce payment of any claims hereunde~, said MORTGAGEE shall apply to thc Court having jurisdiction thereof for the appo~ntment of a Receiver~ such Ceurt shafl ~ forthwith appoint a reteiver of said rttortgaged property all and singular, includ~ng all and singular the income, p?o(~ts, issues and revenues irom whate~er sovrce derived, each a~d every of which, i~ beir.g expreuly understood, is hereby mo~~gaged as if speufically sef fwlh and described in tt?e gr~nting and habendum clauses hereof, and such Receiver shall have all the broad and effettive funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and ~:.ch appointment shall be made by such Cou:t as an admitted equity and a matter of abso~ute r~ght to saiiJ MORTGAGEE, and without reference to ~he edequacy o~ inadequacy of the value of the prope~ty ma:tgaged ot to the sotvency or insolvency of said MORiGAGOR w the defendants, and thal such rems, profits, income, issues and revenues shall be applied by such Receiva accord~ng tp the lien or equi~y oi said MORTGAGEE and the practice of such Cour1. 8. To duly, promptly and fu11y periorm, discharge, e:ecutr, effect, complete, comply w~1h and abide by each and every the stipulations, agreements, canditaro and covenams in sa~d prom~sswy note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the h10RTGAGEE, its successors snd ass+gns, may, withoul nmice to the lUtORTGAOR, deal with such successw w wccessor in interest with reference to this mortgage and the debt hereby secured in the same mar.ner as with Nbrtgagor without in any way vitiating w d~xharging the Mortgagori liability herr under or upon the debt he~eby secured. No sa:e of the prem;ses hereby mortgaged and no forbearance o~ the pan of the MORTGAGEE w its successon' or assi9ns and no extension of the time fw the paymen? oi the debt hereby secured g~ven by the MORiGAGEE or its successors or auigns, shall operate to ralease, d~xharge, modify change w affect the original Iiab~Gty of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this co~tract and that no waive- of any obligation hereunder or of the obligatan se- s c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. t I1. In add~tio~ to the fwego:ng montnly paym=nts of princ'p~f and interest required by the prom~ssory no~e se~ured hereby, mortgagor covenants and agfees to pay to mortgagee with each monthly pay~~~ent an odd~iional sum est~mated by morigagee to be equal to l; l2 of the annual tost of the follow- ~ ~ i~ig: ` s ~ A-.Z!I real property taxes lev~ed or assessed agai~~st tf~c above described reat estate. ' B-Prem~ums on fire and windstorm insurar.ce as i~erein requ~red ro be ca~ried on the improvements situate on the above described premises. C-Premiums o~ such mortgage guaranty insurar.ce as mortgagee shall from t~me to time drem fit to carry on the loan secured hereby. i Mort9agee shall from time to time notify mortgagor in writing of the amount due artd payable hereundrr and such sum shall thereupon be due and ¢ , c~yable on the due date of +he ne:t momhty paymem and each successive month thereaher ur.til mort~agee shall notify mortgagor of a change in such ; ; ~~,o~M. Such sums sha;l be appl]ed by mortgagee toward the payment of real property tazes, insurance prem.ums, a~~d mortgage guaranty insurance 's premiums. ; t IN Y~ITDJESS VIHEREOF, the said MC~RTGAGOR has hereunto set his hand and seal the day and year first afwesaid. ; t igned, Seakd and delivered in the presence of: ~ ~ J M. an l •q ~ _ L ~(5ea4 c Laurette Du nt ~an STATE OF FLORIDA s' S5. COUNTY OF $t. Ll1Cie ~ ~ ~ Before me perwnal~y appeared J~n M• ~~11t and ! ~ Laurette ~t1pODt hi~ wife, to me well known and known to me to be 4 ~ the individuals dauibed in and who executed the foregang instrument, and acknowiedged before me tkat they executed the same for fhe purposes therei~ expressed. And the sai~ ~uZette ~1~Ont ~ ~,~fe of the said Jean M• DIlpODt upon`~ se~i~;ay~ and priwte eramination by me taken separate and apart from her said husband, scknowledged to and before me that she exec~ted said ~rurr'Vrnenf fr~ely and rotvn- rar~ly and without any compulsion, constraint, apprehef~op; ~jf~r of or from said busband. r' ~ > . n. jq~~ ~ WITNE55 my hand and oificlal ual this ~Vv day ~ ~ ~ C~~' - _ - - i Notary Public in and for the tate.9f"fWriQa d Lar~e - My Commission expires: ' Return To: ' ~ - - ' Firtt Federsl Savings 3 laan Association . ~ Of Fort P~erce. NpTARr pllguC.StAtE d fl~~•~UR~ Fort Pie~ce, Fbrida Mv rn~trnssion ~c~~ - r? Ew~ded BY Rr~er~ 8~nkers inwa~xo ~ This Instrument Prepared By John W. COllins fIL'ED ANQ RECORDEO~ _ - First Federal Savin s& loan Association ST.LUCIE COUMT1f fLA.~ g ROCEF PO~TRAS ~ ~ of~rt Pierce ~ Flozida CLERK C~~CtriT COURT / RECORO VEP!FIEO ~ Checked ey 15 4 2~ PM'73 ;s y ~ ~ 1 ~ ~~RKz ~ ~ 15 PAGE~O49 ' . - 25`753 3 ~ y _ _ '°s ~ ` ~ - - - - - - ~ ~i ~ ~~~~~t`~s'~'~.~ . _ x~`" ~ '~f