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To place ind continuously keep on the bu;!d~ngs now or herea(ter situate on sa~d land and o~ all cqulp~nenf and perso~ally covered by ~his mw~g- sgs, with all p~emiums thereon pa~d in t~ll, fire insursnce ~n the usual s~andard pofity form, in a sum approved by the MOR(GAGEE, and winds~orm ~nsur~nc~ in tM usual itandard pal~cy 1o~m, in s sum •ppro~~ed by the MORTGAGFE, in such company or compan~es as the MORTGAGEE msy direcl; and all (ire and w~ndstorm insurance polic~es oa any o( said buiid~ngs, ~ny intereit therein or part tfie~eof, in ~he a99reyate sum afore~aid o~ i~ ~atest 1!?ereol, shall contain ~he usual standard mor~ga9ae clause or such other claust as 1he Mortflagee may ~equ:r~, making the ~ois u~drr ia,d polt c~es, eath a~~d every, payable to aaid A50RTGAGEE as ~ts ~n~erest may appear, and e~ch and eve~y such poticy shall t» promp~ty ats yned and del~verrd ro any held by said MORiGAGEE as fur~he~ security to sa~d mortgage debf, and, not leu tMn ten (101 days in advance of the expira~ioo of each pot~cy, /o da live~ lo iaid MORiGA~iEE a renewal the~eof, rogeeher with a recaip! for thc p~amivm oi svch renewal; a~d there shall be no fire or windstonn inwrance p~ated on any of ~a~d build7ngs, •ny interest therein or part thcrcof, unless in the fo?m and with tM loss payab}e as aiwesaid; and in the event any sum of monsy lxcpnet payable under such policy o~ poficies taid MORTGAGEE shalt have the opt~on to rece~ve and apply the same on acco~m ot the indebted- nesa secured hereby a ro permit said MORTGAGORS ro receive and usa it w eny part thereoi ior other pu~po:es, v.~~?wut ~har~u~ wa~+~ng or ~~npair- ~~g a~~y equity, lien or right undcr or by virtue of this mo:•gage; and ;n 1he event sa~d MORTGAGORS shall fa any reason fail to keep the sa~d premisas so in:ured, ot fail to deliver promptly any of said poli~ees of insurante to said MORiGAGEE, or fail promptly to pay fully any p~e~+uum thcrefw pr in any respect fsil to perfwm, discharge, execute, effec/, comp~ete, comply with and abide by thii cove~ant, a any parl hereof, said MORTGAGEE may pisce and pay for such insu~ance or any part lhereof wi~hout waiving or aitecting any option, l;en, equity, or right under w by virlue oi this Moregage, and the full ~mount of each and every such payment shall be immediately due and payable snd shall baar interest from the date thereof until paid at ~he rate ot n~ne per centum pe~ annum and to~ether with such interest shall !x secured by the lipn of this mortgage. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. S. To pay all a~d aingvlar ihe cos~s, charges and exptnses, includ;ng a reasonable attar+ey i fee and costa of abstracts ot titte, incur~ed w paid a~ any time by wid MORTGAG:E, becauss a in the event of the iailure on the part of the said MORiGAGOR to duty, promptly and fully perfwm, d~uharge. ~xecute, etfed, complete, comply w~th and ab:de by each and every the st~pulat~ons, agreement~, conditions, and covenants oF said promissory note and thi~ mortgage any or e;thes, ~nd sa~d costs, charges and expenses, each and every, shatl be immediately due artd payabte; whe~hc. w not ~here be notke de mand, attempt to col~ect Or suit pendirx3; and the full amount of each antl every such paymenl shall bea~ interesl from the date t{xreof u~til paid at Ihe ~are of oine per centum per annu.n; and a11 said costs, charges and expeoses incurred w paid, ~ogether wAh s~ch iMmest, shall be secured by the Gen ot thu mOr/gA9R. 6. That (a) in the evero of any breach of this htortgsge or default on the part of the MORTGAGOR, «(b) i~ the event any of satd sums of money herein referred io be not promptty and fulty paid within rhirry (30) days next afrer the same severalty become due and payable, without demand or ~otice, er (cy in the event each and every ~he stiputations, agreements, ccnditions and covenants ot sa.d promissory'note and th~s mwtgage any a eifher are not iuly, premptly and ful:y pe~formed, d;scharged, executed, effec~ed, completed, compiied with and ab~ded Sy, then in e:ther or any such avent the •a;d ag greqafe wm mentioned in said promissory note then remaining unpaid, with interest acaued, and a:l moneys secvred hereby, sha~l become due and pay- able fathwith, w thereafter, at the opt~on o1 sa~d MORiGAGEE, as fulty and completely as if all of the said wms of money were o~iginally s~~pulated ro be paid on such day, anythirtg in sa:d prom7:swy note or in this Mwtgage to the contrary notwithitandiiig; and thereupon or thereafter at the op~~on of sa;d MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereaiter begun, may be p~osecuted ss if all moneys secured hereby a n;,d matured pr~w to i1s institutio~. ~ 7. That in the event that at the bcginnPng of or at any time pending any su~t upon ~his Mortgage, a to fo~eclose it, or to reform it, or ro enforce ; payment of any ctaims he~eunder, said MORTGAGEE ahafl apply to the Court having jurisd:c~ion thereof for the appoinrment of a Receiver, such Court shall ` forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, proi~ts, issues and ~evtnues from whetever ~ sn~rce derived, ~ach and every of wh~ch, is being expreu!y understood, is hereby mo~rgaged as ~f spec~iicafly set iorth and desuibed en the granting and hsbendum clauses hereof, and such Receive~ shall have all the broad and efieaive funct~ons and powers i~ anyw~se entrvsted by a Cwrt to a Rcteiver, and r_ch appointment shatt be made by such Court as an admitted equity arxi a matter of absolute r;gM to said MORTGAGEE, and without reterence to the adequacy o? inadequaty of the value of the property mortgaged o~ to thr so:ver.cy or ~nsoiventy of sa~d MORiGAGOR a the defendan!s, and that suth r~nis, profifs, income, issues and revenues shall be appiied by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of such Caurt. B. To dvly, promptly and fully perform, d~schnrge, execute, effect, complete, comply w~th and abide by each and every the stipu~ations, agreemenb, conditions and covenants m sa~d promissory note and this mortgage set forth. 9. That in the eveni the ownership of the mortgaged premises, or any part fhereof, becomes vested in a person other than the MORTGAGOR, the h1QRTGAGEE, its succeasors and assigns, may, without notice to the MORTGAOR, deat with such suctessor o~ successor in interest with reference eo this n:orrgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or diuharging the fAortgagors' liability herr ~nder or upon the debr hereby secured. No sale of the premises hrreby mortgaged and no forbearance on thr part oi the MORiGAGEE or its succeswrs or assigns and no eztension of the time for the payment of the debt hereby secured given by the MORTGAGfE or its successors or au~gns, atwll operate ~o release, discharge, modify ~hange nr affett the original tiab~fity of the MORTGAGOR herein, either in whote or in part. t0. It is spec7ficalty agrecd that time is oF the essence of this contratt and that no waive~ of any obtigation he~eunder or of the obligation sr c~red hereby shall at any time thereafter be he:d to be a waiver of the te~ms hereof o~ of the i~strument secured herby. 11. In add,f~o~ to the forege'ng month!y payments of princ'pa! and inferest requ~red by the prom:sso~y no!e secured h¢reby, mortgagor covenants and agrees to pay to mortgag4e w~th each monthiy payraent an add~rional sum esnn,ated b~ mortgagee to be eq~a! to 1%12 of the anwual tost of the foliaw- ,na- • A-All real propert~ taxes lev~ed or assessed agai~ist the above desc.ibed real estate. B-Prem~ums on f~re and windstorm insurar:ce as here~n requ~red to be carried on the improveme~ts situate on the above dsscribed premises. C-Premiums on such mortgage guaranty insura.~ce as mo~tgagee shatt from hme to ti.ne deem fit ta carry on the loan secured beieby. Mo?tgagee sha~l frum t;me ro t~me notify mortgagor ~n wr;t;ng of the amount due and payable hereundrr and such surn shall there~pon be due ar.d i ; ~+able on the due oate of ~he reext moroh:y payment and each svccessive month thereafter ur,til mortgagee shall not~fy mortgagor of a change in such ~•.ount. Such sums sF.all be appiied by mortga9ee toward the payment of real property taxes, i~w~ance prem:ums, a,~d morigage guaranty insurance ~_r,•emiums. IN WITNESS WHEREOF, the said MORTGAGOR has here~nto set his hand arsd seal the day a~d y 'rst afo~esa' . ~ Signed al and deli ed in tF.e p?esence of: _ , ~ Sean t~ D~V ' d H. J 31z c~an . ~ (Sea4 r 7~SS aud na i., k u5 ~~a~~ ~ ~ j~~ ' ; This Instrument Prepared By Gazy F. fillwood First Federal Savings & loan Association of Fort Pierce ~ FloYida Checked By ~ ab ~ ~~~~15 ~~~t23~.4 _ : - - - - - - _ _ - : ~ ~ _ ; ~ ~ ~ r ~~s~` _ - . _ . ~~i