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To ptace and continuously keep o~ the bui!d~ngs now o~ herea(ter i~~uste on sa~d land and on all equipment and persona~~y covered by this mor~g- sgs, with all promiums ~hercon pa~d in fuN, fire insurance ~n rhe usua! stsnds~d poficy form, in a sum approved by the A10R~GAGEE, a~~d w~ndarorm i~surante in IM usual standord pot,cy fo~m, in a suro approved by the MORTGAGEE, in such canpany or cempan~c~ s~ the MORIGAGEE may dirett; and all (iro and windsrorm insura~te policics on aoy of said bvitd~ngs, any interes? tAerem or parl tha~eof, in !M ~flgregste s~m afaesa~d or in sxceu ehcreoi, slall confain rhe usual standard matgagee clause w such o~lx~ clause at the Mongagee may requ~ro, mski~ the toss under sa~d pol~ cies, each and every, payab!e to iaid MORIGAGEE as ~~s intrrrst msy appea~, and each end eve~y such policy shafl be p~omptly ass g~ed and deiiv~red to any held by said MORiGAGEE +s ~urther security to ~a~d mortgage debt, and, not less ~han re~ (10) days in advance of the expiro~ion o.` each pol~ty, to de- live~ to sa~d MORiGAGEE a renewal ihereof, toge~her with a rece~pt fw the prem~um of such ~cn~wal; and there shatl be no f~re or windsto~~n insurance p~ated w? any of said buildi~gs, any interest therein or part tfureo(, unlesa in the Form and w;th ths !ou payable as afcresaid; and in the eve~t any sum of mpney bKOmes payable under suth policy or poGcies said MORIGAGEE shall have the option to reteive and apply ~he same on accounl o( Ihe indabted- ~!A tecured hereby Or to permil said MORTGAGORS to reteive er.d us! it p any pa~t thereof fo~ otner pur{~osrs, v~~lhouT th:-raor wai.iag or ~mpoir- iny any equity, tien or right under or by v+rtue of this mo:•gage; and in the event ta~d MORTGAGORS shall fo~ any reason fai) to keep the said premisrs ~o iAsursd, q fail to deliver promptly arty of said polKies of insurance to said MORTGAGEE, or fail promptly to pay tully any pre~n~~m therefor or in a~y re~ped fail to per(orm, d~scharge, execute, effect, complete, comply wirh and abide by this cove~ant, or any part hrreoi, se~d MGRiGAGEE may place and pay iw such inswance or any part thereof w7~hout waiving w slfeuing any option, lien, equ~ty, or r~gM under ar 6y virfue of this Mortgage, and the full amouro of each and every such paymeM shall be immediatety due and payable snd shall bear imerest irom ~he date tliereof unu! paid at tlx rare ol nine per cenWm per annum and fu~ethtr with sucb in~erESt shali br secured by the lien of this mortgage. I. To permit, commit or suffer no waste, impairment w deterioration ol said property or any paA thereof. S. To pay all and singutsr ths costs, charge~ and eape~xs, includ~ng a ~easonsble attwney's fce and costs of abstraUS of titte, incurred or pa~d at any time by said MORTGAGfE, because pr in the event of the iailure on the part of the said MORTGAGOR fo duly, promp~ly and fv11y pertorm, d~scharge. execute, effecf, complete, comply w~fh and ab;de by each aod every the stipulauons, agreements, conditions, and tovenants of ~aid promissory mte and this mwlgage any w ei~her, and sa;d costs, charges and expenses, csch and every, shell be immediately due and payable; whether a not there be natice da mand, attempt to cotlect w suit peoding; and rhe fulf amount oF each artd eyery such paymenl shall bear interest from the date tFxreof until paid at the r~te of nine pe~ ten:um per annum; and all said cosls, tharges and expensrs incurred w paid, togethet w~th such interest, shall be setured by the lieo of thi~ mortyage, 6. That (s) in the evenT of any breach of th~a Mortgage or default on the pan of the MORTGAGOR, w{b) in the event any of iald tums of mo~ey herein ~eferred to be not pranp~ly and fully paid within thirty (30) days next after the same uve.atly become due and payable, witho~t dcma~d or notice, or (c) in the event each and every the stip~latio~s, agreements, cond~tlons and covenants of sa~d promissory note and th;s mortgage any w eithe? are nol ~_•ty, promptly snd fully performed, d~scharged, executed, etfected, completed, complied with and ab~ded Sy, then in e~ther or any such event the ta~d ag- gregste sum mentioned in said promisswy note then remaining unpaid, wilh interest accrued, and a11 moneys secured hereby, shatl become due and pay- able forthwith, or thereafte~, at the optio~ ot said MORiGAGEE, as fully ard tompletely as ii all of the said sums of money were or~9inally s~ip~Seted to be pa~d on suth day, anything in sa'd promiasory nofe or in this Mwtgage to the contrary nctwi~hitanding; and therevpon w thereafter at the option of sa~d MORTGAGEE, without not~ce or demand, suit at law w in equity, there(we w thereafrer begun, may be p~osecuted as i! all moneya secured hereby had matwed pnot fo ~ts institunon. 7. That in Iha event that at the beginning of o~ at any time pe~ding any suit upon this Mortgage, or to fweclose it, w to reform i1, or to enforce payment of any claims here~ndrr, uid MORTGAGEE shatt apply ta the Court having jur~sd~ction 7hereot for the appointment of a Receiver, such Court shall Forthwith appoint a receiver o! sasd mortgaged property al~ and singular, irxlud~ng aIl and s~ng~tar the income, profits, issues and revenues from whateve~ source derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speutically set toith and dewibed i~ Ihe granting a~d habendum clauses hereoi, and such Receiver shaU have alt rho broad and eHective func!,ons and powen in anywise entrusted by s Courf to a Receiver, and s.:ch appointment shall be made by such Court as an adm~tted equity and a matter of absolute rigfit to said MOR7GAGEE, and withoul reference to the edequaty or inadequacy oi thr value of the property mortgaged or to the soivency or inso:vency of said MOR7GAGOR 'or the defendants, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver acco~d~ng to the lien w equity ot said MORTGAGEE and tha practite of such CouA. - 8. To duly, promptly and fully perform, discharge, execute, effed, complete, tomp!y wi~h and abide by each and every the stipulafions, agreementt, conditions and covenanrs tn sa~d pram;ssory note and th;s mwtgage set fwth. 9. That in the event the ownership of the mwtgaged premises, o? any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the MORTGAGEE, its successers and ass~gns, may, without natice to ~he MORTGAOR, deal with such s~ccessor or successor in interest with reference to this mortgage and the debr hereby secured in the same manne~ as N•ith Mo~tgago. witMut in any way vitia~ing or d~scharging the Mortgagors' liability here- ~nder or upon the debt hereby sec~rPd. No sale of the prem~sas hereby mortgaged and no forbearance on Ihe part of the MpRTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGFE or 7ts successws o~ ass~gns, ahall operate to releaae, d~scharge, modi(y char.ge or affect the orig;nal liabil~ty of the MORIGAGOR hereir., either in whole or in part, 10. It is spec~fically agreed that time is of the essence of this conuact and that rso waiver of any obtigation hereu~der or of the obligation se- cured hereby shall at any time thereafter be heid to be a waiver of the terms hereof w of the instrument secured herby. 11. In add;tion to the forego ng monihly payments of princ'pal and interesr requ~red by the p~om;ssory no~e secured bereby, mortgagar covenants and agrees to pay ro mortgagee with each month'ry Hay~~~en+ an add~rional sum estm:ated by mortgagee to be eq~al to 1; 12 of the annual cost of the foilow- in~: A-All real prope~ty taxrs ievied or assess=d aga~•,st thc above describcd real estate. B-Prem~u:ns on /~re and windstorm insurar.ce as 'ree~e;rt rrqv~~ed to be c~•ried on the improveme~ts sitvate o~ the above described premises. C-Premiums o~ such mortgage gua~anty insurar~ce as mo~tgagee shatl from t~me to ~ime deem fit to carry on the loan secured hereby_ Mortgagee shaii f~om time to t~me notify mortgagor in writing of the amo~nt d~e ar.d payable hereunde? and such sum shall thereupon be due and ~ayable on the due d~~e of the next manth!y payrr.ent and each successive month rhereafre~ ~r.til mortgagee shall notify mortgagor of a change in such a~~e~nt. Such sums sF.a~l be app!ied by mortgagee to-xard the payment of real property taxes, insura~ce prem:ums, and mortgage guaranty insurance nremiums. IN WITPJESS WHEQEOF, the said MOR7GAG(~R has hereunto set his hand and seal the day and ear first afaresaid. . Signed, Sealed and defivered i~ the presence of: ~ ~ ' ~ Seal) ~ G / (Sea1) L l E~ .t' ~ (Seal) -~d23a~. C~ r r~ n tOn (Seai) STATE OP FLORIDA ~ ~ L uc ie u- ~ couNrr oF St. ~ i 8efore me personally appeared Dennis W. Caxrington ~ " : - snd f 8dna P. Carrington his wife, to me well known and known to me to be ~ the individuals described in snd who executed the fwegoing instrument, and acknowledged before me that they executed the same for the purposes i rherein expressed. And the said Edna P. Carrington ' +~•~?e of the said ~ n ` Dennis W. Carr in O vpon a uparale and private € e.aminat~on by mr taken separate and apart from ' band, atkrawledagd to a~d before me that :he exetuted said instrument freely and volun- farily and w~thout any compulsion, constraint, app ~o~~ ar of or irom her id husband. ' WITNE55 m hand and official seal thi ¢y of .~VZ i y d - '14iff~~~i~9 '73 ~ _ ~ ~ ~ /j~,i Notary Pubiic in and for the Statrtbf fiorida at~iarge ~ My Commission expires: ~ . Retum To: ~ _ • ` - t ` = first federal 5avings 3 loan As»ciat~on ~ • ~ ' • - - Of Fort Prerce. ~ . - 1C'c~yl;:"'~j at tt~RCE_~ ~i - ~ Fori Pierce, Florida , _;j 1EX''S~+L~. ~i, ~9~• _ : . , .is~~: Q~`'C4~ Si:....t~1.C~ : 2so , . :v~ ,:Y-, r ` 4~.~ , ~ This Instrument Prepared By Robert SwisheX f~~~p~~r . ' ~ > First Federal Savings 8~ loan Association fT.1,UCt~ ;j~pTr fED f of Fort Pierce s Florida RGCr?t r~;l'RAS 1~. ~ Checked B ~nE~ y~,~;~Z~p COtlR ~ E Y ~ - ~~_/~~6 f ` A~ 1 3 s9 PN ''l3 ~1 ~ .yr_ c ~ ~.~.7:.7 Sb ~ • ~ _ - - ~ ~~~..:i -