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To placs end conlinuously kcep on ~hc bu~:dmgs now o~ hereai~r~ ~ituata on said land and on a4 equ~pment and penonally covered by Ihis mong- ye, with all prcm:urns ~hereon pa:d in full, fire insurance ~o the usu~l sia~dard poficy io~m, in a sum app~o~ed by the MOR~GAGEE, a+~d w~nds~onn insurance in the uswl atandard pol.cy form, in a sum appio,~ed by tht MORTGAGEE, in sucA company or canpanies ai the MORIGAGEF inay direct; aod all fire and w~nJ~~orm insura~ce pofk~es on any of sa~d build~ngi, sny inrerest therein or pe~~ thereol, i~ ~he aggrcga~e ium aforesa~d o+ In exceas ~hereof, thall contain the usual sta~idard mortgagea clause or such o~her c~ause ai 1he Matgagre may requ~re, making ihe loss undrr sa~d poli- cies, each and eveiy, payab!e to sa~d MORTGAGEE aa ~~s infercat may appea~, ar~d each und every such pohcy shall Ix p~omptly ass gned a~d detivered ~o •ny held by said MORIGAGEE as (urther secwity to said -nort~age debt, and, oot less than len (10) days io advance oF thQ expuation of each poLcy, to da I~vN to said MORTGAGEE a rernwai therooi, toge~hsr wnh a rece~pt for the p~amium oi iuch renewai; and ~here shall te ~o Gre or windito~m insuraoce placed on any of iaid buildings, any interest tixre~n or parl thereof, ~ynleaa in ~he torm ar,d w~th ihe lou payable a? aforeuid; and in the event any sum of money becomes parable under such polity or potlc:es said MORTGAGEE ~ha)1 have ~he op~~on to reteivr and appty ~he san,e on accow~~ o( the indebted- nesa sec~red hereby a ro pern,~~ sa~d MORTGAGORS ~o retcive and use i~ a a~y p, rt ti~~:cof _to~ o:ii.,r ~.u~~•osrs, ..,~h;,.t ih e7 or ~•,~p.~.• ing any equity, lien or riqhl under w by virtue o1 this moc!gage; •nd in Ihe event sa~d MORTGAGORS shatl ~or any reason iai! to keep rhe sa~d prem~s~s so insured, or (ail to deiiver pianplly ~ny o4 said poiKies ol insurante to aaid MORTGAGEE, or F~il prompsiy to pay futly any prr~~~~urn ~h~retor o~ in any respect tail ~o pe~form, d~scharge, execuee, e(fe;~, complete, cornply wiih and ab~de by th~s coveqan~, or any par~ ha~eof, ae~d MGRTGAGEE inay place a~~o pay fw w~h insurance a eny part thereof wirhout waiving or atfeaing any opt;on, lien, eq~~ry o. nght under a~ by vuiue of Th~s hlortgaye, a~d the full amount of eath and every s~ch payment shall be immca,~ately due and payable and sha~l brar interest Irom the date Ihr.reoi u~~il po~d at ~he r~~e of nine per ~en~um pe~ ~nnum and to~rthrr whh such inte~es~ stfal~ tx secured 6y the lien of this mortgege. 1. To permit, commit w s~ifer no waste, impairmenf or dererioration of said propeily w an~ part lhereof. 5. To pay all ~nd singular rhe costs, charge~ and e~penses, ~ncluding a reasonable atrorney's fee ard cosia of abst.acts of title, incurred or paid at any time by sa~d MOR~GAGEE, because a i~ the event of Ihe ia~lure o~ ~he pa~t of the said MORTGAGOR to duly, p~omptly and fvlly perform, d~scharge. execute, eifect, co~,pkte, comply w~th and ab:de by each eod eve~y the stip~lar~ons, agreements, co~ditions, and tovenants oi said promesso~y note and thii mortgsge any or e~ther, and sa~d costs, charges and expenses, each and every, shall be immed~ately due and payeb!e; whether w no! there be no~~ce de~ mand, auempt ro co~icct or suit pend~ng; and ~he full amount oi eath and e~ery suth payment ahalf bear interest irom the date thereof until paid af ihe .,~te oE nine per crnrum am+i;.~.; a,~d all :a:d fosts, char9es and expenses incurred or paid, together wnh such in~erest, shall be secured by the lien of thi~ mortgag~. 6. That (a) in the event of any breach of Ihis Mortgage or defaull on tF,e part of the MORTGAGOR, w!b) in the event any of sa+d tums oi money herein roferred to be no~ prompety and fvlly paid withm th,rty (30) duys neat after the same severa;ly become due and payabte, wi~{wut demand o~ rot,ce, or (c) in thr event eo!h and eve~y the stiputations, agreements, cond~tions and covenanrs ot sa•d promissory noie a~~d th~s mortgage any or ei~her are not ~uly, promptly and futly performed, d.scharged, exetuted, efiected. compteted, comp!Eed wirh and a6~ded Sy, then in either or any such eveM Ihe aa~d ag- gregate sUm mentioned in sa;d prom~ssory ~ote then remaining unpaid, with interest accrued, arid atl moneys secured hereby, sha11 become due and pay- able forlhwith, or th~rea(ter, at the option of said MORiGAGEE, as fully and complete~y as if alI of the said sums of money were org~naily fnpulated ro be pa~d on such day, enything in sa:d p~om~ssory note a in this Pdwtgage lo the contrary notwiihstand~~~g; and thereupon or the~eafter at the opt~on of sa!d MORTGAGEE, wlthout not~ce or demand, suis at iaw or in equity, theretore or thereahr~ begun, may be prosecuted as if all moneys secured hereby n_d matwed pnor to na inst~tunon. + 7_ lhat in the evenf thar at tFie beginning of or at any fime pending any suit upon this Mortgage, o. to foreclose it, or to reform it, or to enforce payment of an~ ciaims hereunder, aaid MORTGAGEE shall apply to the Covr1 having ju~~sd:ct:on thereof for the appoimmem of a ReceivPr, wth Court shafl icrthwith appciN a receiver of said mortgagzd p~operty atl and singular, i~+clud~ng all and s~ngu~ar the inco+ne, profits, issues and revenues from whatever ~ seurce derived, each and every of whicfi, it being expressly undrrstood, is hereby mor~gaged as if spec~f~calty set iorth and described in the 9ranting a~d h~ixndum clauses hereof, and such Receiver shail have atl the broad and effec~~ve funct,ons a~d po•Hers in enywise entruated by a Couft to a Receive~, a+-.d s~ch appoinrme~er si~alf be made by such Cowt as an admitted equiiy and a maner ef absolute r:ght to sald MORTGAGEE, and without refere~ce to the aclequacy or iaadequacy of the value of the property mortgaged or to the so~ve~cy or ;nsotvency ol sa~d MORiGAGOR o~ the defendants, a++d rhat such rents, profr.s, income, i~sues and revenues shail be apptied by svth Receiver accord~~~g to the lien o? eq~ity of said MORiGAGEE and the practice of such Court. 8. To du:y, promptly and futly perfarm, discharge, execute, effect, complete, comply with and abide by each and every tF~e stipulations, agreements, :ond'nions and covenanrs ~n sa~d promissory note and th~s mortgage set forth. ~ 9. That in thc event the ow~ership of the mortgaged prem~ses, or any part thereof, betomes vested in a per~n other than the MORTGAGOR, the r.,ORTGAGEE, its wccessors and ass~gns, may, w~thou+ notice to the MORTGAOR, deal w~th such s~ccessor or successcr in interest wi~h reierence to thh mo~tgage and the d>bt hereby secvred in the same manner as w8h Idortgagor w~tho~t in any way vit~ating or d~scF~arg~ng rhe Morrgagors' liabi:ity hear under or upon the deb~ hereb/ secured. No sale of the pre~nises hereby mortgaged and no forbeara.,ce on the par~ of the t~ApRTGAGEE or its successors or ass~9~s and no earens~on of :he hme for the payment of the deb+ hereby secured g~ven by the MORiGAGEE or its successws or ass:gns, a;~atl operate ro release, d~scharge, mod~fy cha~ge or aifecr the original lia~drty of the MORiGAGOR herein, eitber in whole or in part. 10. It is speuficaily agreed that time es of the essence of this cont~av and that no waiver of any ob(~gation hereunder u of the obligation se- cvred hereby sha!1 at any time thereafter be held to be a wa~+er of the terms hereof or of the insrrument secured herby. 11. In add tio~ to the fwego ng mor.thly paym~nts of pr~nc'pa: and in~,resr required bv the prom'sscry nae sec~~ed her~~b~, mortgagor covenants a-,d a~rees to pay to m.orrgagee v.~rh ea_h ~nonth;y pa~~::ent an adcl~r]ona! svm est,n ated by mortgagee to be eqval to 1 12 oi the ann~ai cost of the fotlow- !„g: A-All real property taxes levied o+ assesc_d agai•~u the above described r~a! es!ate. B-Pr~~uu~ns en t~re and v~indstu~~n ~ns~~ac~e as nere%n requ;red to be carn•_d o~ the ~mprovements s:tuate on thc above described premises. C-Prem~ums on such mortg;g~ g~aranty irsvrar,~e as mortgagee shall from. hme to time deem fit to carry on the loan secured hereby. Mortgagee sho~~ ~rom r~,»~ ro t~me norify mortgagcr ,n w.it~rg of the amount due and payable hereunder and s~ch su~n sha:; thereupon be doe and F:yable on the due date of ih= ne~t n:onthfy paymem ar.d each wctessive :no~th thereaft~r uctil mortqagee sha!i notify mortgagor of a cFiange in such a~•~ount. $uch sums sFa't! be ayp:ied by m~rtgagze towar~ the paymem oF real property taxes, insura+ue prem:ums, and mortgage guaranty insutance p~emiums. tN Y~IiNE55 LYHER~QF, the said htORTGAGOR has hereunto set his hand and seaf the day and year fi~sf afcresaid. / ' l Sjgr?ed, Seatcd and de(ivered in the prese~ce of: ~ ' ~ . ~ ~ ~ . , W Z ~ - - ~r~.z-.,~ ~ .r=~` „~~Seaq ~ ~ ~ 1 ~ 3 B . P (Seal ) . - ~ (Seal) _ Patrici~? R. Palaer ~~a~~ I STATE Of F[ORt~1R ~ i COUNTY OF SL. Lucie ( ~ ~ Wi11iAn B. Palmer ~ Before rtx personally appeared a~ ; Patricia R. Palaer his wiie, to me well known and known to me to be f the individua!s descr~bed in and who executed the faegoing instr~ment, and acknowiedged before me that they executed the same for the purposes i therein exp~essed_ And the said Patrieia R• P81IIet ~ s,~fe of the sa~d Wi 1118m P~ lner upon a separate and private ~ exam natton by me taRen separate and apart from her sa~d husband, acknowledged to and before me thaf she e~cecuted said instrument freely and volun- : ra.~fy and w~thout any compufsion, constraint, ap a of or from her said husband. `6 WITNE$$ rny hand and officiai sea: this_ day of p.' ~~•:~3 c ~ = J ,~c ' .C ~~1` ~-G''-~G.~,. , Notary Pubtic in and for the State of Fbri~ at iqr~A My Comm~ssion experes: ~ Return To: _ ~ ~r First fedrral $avings d. Loan Association _ ^ . , ' - - . - Of Fort P~. rce. , . ' - +~r : , ~ • Fort Pierce. Florrda ~j~~~ , _ . r.. rc , , , •n'' I~I faE~~??~c Pfca~ fo ~ ~ ~ ~ sT. tuc~~ ~~uMrr . . ROCER FOtTRAS ~ Gary F. Bllwood ~ This Instrument Prepared By C~ERS C~R.;L'~f COURT - First Federal Savings 8~ Loan Association qEr,~pp VEF:~I~O ` of Fort Pierce , Florida .b~. 3 4 i6 PH'73 ~ CF~ecked By~ 3 3 - ~15 2~?'? sb - - ~ . ~ - ~ - _