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To place and continuously keep on the bui:d~ngs now or hereafter ~~wate on sa~d 4nd and oe alt equ~pment and perso~e~ly cove~ed by ~his mwtq~ ~gs, wi~h ell prem~ums ~hereon pa~d ~n 1ull. i~re insurance in the ~suat s~anda~d pol~cy (o~m_,in • sum appro~ed by ~he MORtGAGEE, and w~~dstorm insuronc~ in the usval ~~andard pofty fam, in a sum approved by the MORTGAGEE, in iuch compa~y or canpan~es ai ~hs MORIGAGEE may direc~; snd all firo and w~ndsw~m ~nsurance po~~c~es w+ +ny of sa~d buitdmgs, any intereet therein or part thrreof, in ~he agg~epste sum ~forasaid or In ~~cce~s thereof, iMll contain ~he usual itandard mor~gages clause a such other claui~ +s tM Mor~g~gee may ~eq~~r~, mak~ng ~ha loss ~nder sa~d po~i~ cies; ea<h and every, payabte to said MORTGAGEE as itt interrst may appear, and each and eve~y iuch pol~cy ~ha~l be promp~ly ass g~ed a~d defivered ~o ~ny held by ssid MORTGAGEE as (urther security to said mortgage debt, and, not tess then ten (10) dayt in ad~ance o~ the expirat~a~ of each pol~cy, ~o dr liva fo wid MORTGAGEE a renewal ~hereof, together with a rece~pt for the premium ot iuch renewal; and the~e shall be ra i~re o~ w~nds~o~m insurance plated on any of said buildings, any intere~t therein or part the~eof, unless in th~ form and with the ~oss payable as atoresaid; and in the e~ent any tum of money becomes payable undcr such policy o~ policies said MORTGAGEE shall have the opt~o~ to recr~ve and apply the sa~ne on accoun~ of the indrbted neu sKUred hereby w lo permil saed MORTGAGORS fo rKtive and use i1 w any part thercof for oti~cr purpases, .v~~hout th;r. ui .va~w~.~~ o~ ~~+'P„'- ing a~y eqv~ty, lien w right undcr w by victua o{ thii morsgage; and~ in the even~ said MORTGAGORS shalt fw any ~eason fail to keep the said premisrs so insured, a fail to deliver promptly sny of said polKies of insu~ance to said MORTGAGEE, or fa~! promptly ~o pay fufty any pre~~~~um therefor a in a~r respect fail to per(«m, d~scharge, execute, eifect, complete, comply with and abide by this covenant, w a~y par~ hareof, said MORTGAGEE may place and pay iw tuch inturance or a~y part thereof w+thout waiving or affecting any option, lien, equiry, or right under or by v~rtue of ~his M«egage, and the full amount of each and eve~y tuch payment shad be immediately due and payable and shail bear interest from the date thereof until pa~d at the ~ate ol nine per centum per annum and to~ether with such interest shali be secured by the lien of this mort9age. ~ 1. To pe~mit, commit or suf(er no waste, impairment a deterioration of said p~opcrty w any part the~eof. ' 5. To pay all and singulsr 1he coats, cF.arges and expenses, including a reasonable attorneY i fce and costs of abstracts of title, incuned or paid st any time by said MORTGAGEE, becavse p in the event of Ihe failure on the part ot ~he said MORTGAGOR to duly, promptly arx! ful~y pe~(orm, d~scharge. execute, effed, complete, comp~y with and ab;de by each and every the st7pulat~ons, sgreemenrs, conditions. and covenants of said promissory note and ~Ais mortgage any or ei~her, ar~d said cosn, charges and expenses, each and every, shall be immediately due and payable; whe~her w not there be nof~ce d~ mand, attempt fo collect or suit pend~ng; snd the f~ll amounl oI each end every such payment shall bear intrrest from the date thereof u~til psid at the rate o~ nlne per centum per annu:n; and all said costs, chargea and expenses incurred or paid, together w~th such interest, shall be secured by the I~en o~ this mortgege. ' 6. That (s) in the event of any breach of this Mortgage or default on the part of the NtORTGAGOR, w(b) in the eve~t any of sa~d sums of money herein refened to be not promptly and fully paid within thirty (30) days next after the same severally become due and payab:e, without demand w notice, or (c) in the event each and every the stipulations, sgreements, cooditions and tovenants of sa~d promissory note and th~s mo~tgage any w e~~her are no1 ~•rfy, prompHy and tully performed, d~xharged, execu~ed, effected, completed, compl~ed wiih and abided Sy, then in e~ther or sny such event ~he ia~d sg- greyete sum mentaned in said promissory note the~ remaining unpaid, with interest accr~ed, and ail moneys aecured hereby, shall become due and pay- able forthwith, or thereafter, at the option of aaid MORTGAGEE, as fully and complciely as ii all of the said sums of money were or~ginally st~pulated to be pa~d on such day, anything in sa:d promissay note or in this Mwtgage to the to~na?y notwitks~anding; and ~hereupon or thereafter a~ the opt~on of said MORTGAGEE, without not~ce or demand, suit st law or i~ equity, therefore or therealter begun, may be prosecuted as if all moneys secured hereby had matured pnor to its instituuon. 7. That in the event that at the beginn7ng of or at any time pending any suit upon this Mortgage, or to foreclose it, or to refwm it, or to enfwce payment of any c!aims he~eunder, said MORTGAGEE shall apply to the Court having jur+sd:ction thereof for ~he appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, inctud:ng all and singular ~he income, p~of~fs, issues and revenues from whate~er . source derived, ea:h and every oi wh~ch, it being expressly understood, is hereby mwtgaged as if spet~ircally set for~h and desuibed in ehe granting and habendum clauses hereof, and such Receiver shall have atl the broad and effettive funct+o~s and powers in anywise entrusted by a Cou~t to a Receiver, and ~~ch appointment shall be made by such Court as an admitted equity and a matter oF absolute right to said MORTGAGEE, end withoul referente to the adequacy o+ inadequacy of the velue of the property mortgaged or to the so~vency or insoitiency of said MORTGAGOR or the defendants, and that s~ch renfs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity of said MORiGAGEE and the pra:tice of such Court. 8. To duly, promptly and fully perform, di;charge, execute, effen, comptete, comply w~th snd abide by each and ever~ the stipuietions, agreements, conditions and covenanis in sa~d promissay note and Ihis mortgage set forlh. 9_ That in the event the ownership of the mortgaged premixs, w any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successws and ass~gns, rteay, without notice to the MORTGAOR, deal with such successor or successor in interes~ with reference to this moilgage and the debt he~eby secured in the same manner as with Mortgagor without in any way vit~aring or d~xharging the Mortgagors' (iability here- under or upon the deb~ hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors or ass~gns and no extension of the time fw the payment of the debt he~eby secured g~ven by the MORTGAGEE or its successws or auigns, ahall operate ro releax, d~xharge, mod~fy change or af(ect the ori~~nal liauit~ty of ~he MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereuncler o~ of the obligaYwn st cvred hereby shall at any time thereafter be held to be a waiver of the terms hereo( w of the inatrument secured herby. 11. In addaio~ to the forego n9 monthfy payments of princ pal and interest required by the prom;sscry no!e secured hereby, mortgagor covenants and agrees to pay to mo:tgagee ~nith each mcnthiy pay~nent an add~~ional s~m estimated by mwtgagee to be eqval to 1 j i2 oi the annual tost of the follow- ~ng: A-All real properry taxes leviec3 or assessed aga~ost thc above desaibed real estate. 6-Prem~ums on fire and wi~dstorm ~nsurar.ce as here~n requ~red to be car.ied en the improvemenis situate on the at>ove destr~bed premises. C-Premiums on s~ch mortgage gvaranty ins~ra.,ce es mortgagee shall trcm t~me to ~~me deem fit to carry on the loan secured hereby. Mortgagee shalf fro~n time to time notify mortgagor :n writing of the amounl due and payable hereunder and such surn shall thereuoon be due and F ;;ayable on the due dare of the rext month!y paymem and each successive month rhereafter uatil mortyagee shall not~fy mortgagor of a change in svch i a•~~ovnt. Such sums shail be appl~ed by mortgagee toward the paym.ent of real property taxes, insurance prem:ums, a~~! mortgage guaranty insurance ~ a-emiums. j IN WITNESS YrHEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid. ~ i ~ Signed, Seated and deliver in the presence of: ~ ~1 a4 ~ ~ , - a aq ~ o3s M, wainwright ~~aq . ~ STATE Of FLORIDA ~ ~ St Lucie couNrY oF • ~ Before me persona~ly appeared Jaek M. Wainwright a~ L.O S M. wa nwr g t his wife, to me well known and krwwn to me to be ~ rhe individuals described in and who executed the foregoing instrument, and ack~wwledged before me that they executed the same for the purposes rherein expressed. And the said LO~B M• wainwright w~fe of the said Jaek M. {A~8 ~11~11 ~Q~lt upo~ a separate a~d private exam:~ation by me taken separate and apart from her said h~sband, ackrawledged ro and before me that she executed said instrument freely and voluo- tarily and w~thout any compulsion, const:aint, appr n;oun, or fear of or from her said husband. ~ WITkESS my hand and official seal this L~`' day e A. D. 19~ '•.::r:. ia. ~i ~ t . ~ ~ - Notary PubGc in a~d for the Staro o~.~tori~ a~'t~iyif.=~~'~ - My Commission expires: . ? , C~ ' ~ Return To: - U : ~ First Federal Savings b Loan Association r " Of Fort P.erce- NOTA~Y = s• C'' ~ Fort P~erce, Flo~~da ~BU~. ~~TE of FLOR1QA9t 1~(;E : ~ K~ MY C('Y~r;~ ;I~ry EXP[FES JAN; .i'_ta~J t? ;~y _...,.:~u 5~ rr.;rn_ar~ 80 ;krrs in ' ' ' ~ i~~ s:r~/j'Fe Co'•• • • , . • ~ Fi~FO a~ro RECOROEO V-~•, : i. v' . This Instrument Prepared By Gary F. Ellwood ST, ~UCIE COUMTI? FLA, ~ ~ Firsf Federal Savings & Laan Association ROCER POtTRAS i ~ CIERK CIRC~~T COURT ~ of Fort Pierce ~ Florida RECOR~ yER;FtEO~ ~ ~ Checked By ~w 1T 2 34 PM ~T 3 ~ ~ fl R ~~5 ~~V 7 sb ~oo~ cACf ~ 2576'75 ~t - _ ~ - - ~~3 f ~ ~ ~ ~ _ ~ _ ~~~.-~~~z__,~ _ : :