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To place and conGn~o~sly keep on the bui!d~ngs now or herea(ter ~[tuate on sa~d la~d and o~ all eq~ipmeM a~d perionally tovered by this mor~g~ egs, with all premi~ms thereon pa;d in fu!1, tire insurance ~n the usval sranda~d poti~y (orm, in a s~~+ aFaroved.by !hs MOR~GAGEE, and windsto~m insura~te in the ~sual s}andard pol~cy fo~~n, in a sum approvcd by ~he MORiGAGEE, in luch company or companies as the MORTGAGEE may d~rect; and all fire and w~ndiwrm insurance pol~cies on any of sa~d bu~ld~ngs, any inlerest the~ein o? put the~eof, in 1M aggreyar~ ~um alo~esaid w in exce~s thereof, shali contain the usual srandard morrg~gee tlause or such otha claws is Ihe Matgsgee may ~equ~r~, makin9 ~he ioia undrr se~d po~i- c~es, each and every, payable to sa~d MORiGAGEE as ~~s ~n~Nrest may appear, and each and eve.y iuch po!~cy shall be promptlY ass gned and de~ivarrd ~o eny held by said MOR(GAGEE as furthe~ secuii~y to said mwtgage dabt, and, ~ot lass then fen (10) dayt in advance of the eYpirotion of e.+ch polity, to de- j liver to taid MORTGAGEE a renewal thereof, toge~her with a rece~p~ fo~ Ihe premium oi such renewal; a~~d ~here shall be no f~~e o~ w~ndstor~n iniuronce ~ p~aced on ~oy of said buildings, any imere~t therein or parl ~hereoF, unlee~ in the form and wi~h Ihe loss payabte a• aforesaid; and in ~he evenl any sum of money becomet payable v~der such poficy or polities said MORTGAGFE sl~all have the oprion to receivr and apply the sanie on account of the indabted- j ness secur~d hereby w to permit said MORTGAGORS 1o receive and use it p any pa.t Ihr.eof for ot6e•r pwp~oses, w~~ho~t ~h~•~o~ wai~i:~~ or ~n~poi.• j ing a~y ec~uity, lien a ~ighl under or by virtve of this mo:tgage; ~nd ~n Ihe evenr w~d MORTGAGORS shall fa eny reason (ail to kcep ~he said premisas so insured, w fail to deliver promptly any of sa~d pol~cies of in~urance to sa~d MORTGAGfE, or fail promptly to pay fulty any premi~m therefw or in a~y ~ respect fail to perfam, discharge, execute, eitect, complete, canply with and abide by this covenanf, a any parl Arreof, sa+d MORTGAGEE may place a+~d ~ pay fw such in~urance or any part thereof withou! waiving w affecting any option, lien, equ~ty, w righ~ unde~ w by virtue o~ this Mwtgage, and the full amount of each and every such payment ihall be immediately due and payable end shall bes? interesl (rom the da~e ~he~eof until paid at the rate of nme per centum pe~ annum and to~ather wifh suth interest shah be srcored by ths lien of this matgsge. 4. To permit, commit o~ sutlcr no waste, impaiiment or deter~orafion of said p~operty or any part thereof. S. To pay all and ~ing~Iar the costs, charges and expenses, including a reasonab!e anorney i fee and costs of abst.acts of title, incurred or pa~d at ± any time 6y said MORTGAGfE, because or in the event of the failure o~ the parl of the aaid MORTGAGOR to duly, promptly snci futly per(orm, d~uharge. >xecute, effett, complete, comply wdh and ab:de by each aod every rhe stipula~~ons, agreements, conduions, and covenants oi said prpmissory note ar.d ~his mortgage any or either, and aa~d costs, charge~ and expenses, each and every, shall be immed~ately dve and payable; whe~her or not ~he~e be norice de~ mand, attempt to cotlect w suit pending; a~d the full amount of each and e~ery such paymeot shall bea~ inte~est f~om 1he date lhereof until paid ~t the r:~re o~ nine pe~ centum pe~ annum; end a? said costs, charges a~id exprnses incurred or paid, togethet w~th such inteiest, shall be secured by the lien of thif mortgage. b. That (a) in 11?e event of any breach of thia Mortgage or deFaul~ on the part of tFx MORTGAGQR, or (b) in the event any of as~d sums of money herein roferred fo be not p~omptiy artd fully paid wuhin thirty 130) days next afre~ the serm severally becorne due ~nd payable, withoW demand or notice, or (c) in tha event each and every ~he stipulations, agreements, tonditions and cove~ants of sa;d prom~swry note and th~s mo~tgage any or either are nof iuty, promptly and fully performed, d:acharyed, e~cecuted, effected, completed, complied wnh snd ab~ded Sy, then in e~ther or any such evem the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shalt become due and pay- able forthwith, or thereaiier, at ihe opt~on of sa~d MORiGAGEE, as fully and compte~eiy as if aif of the sa~d sums of money were ar~g~nalty st~putaied ro be paid on such day, any~hing in sa;d prornissory note w in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of sa~d MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore w thereaiter begun, may be prosetufed as if aH moneys secured hereby nad matured pnor to ~ts institution. 7, ihat in the event that at fhe beginning of or nt any time pendirig any suit upon this Mortgage, w to fwetlose it, o~ to reform it, or to enforce payme~t of any claims he~eunder, said MORTGAGEE shaSl apply Io the Court having jurisd~CtiJn thereot for the appoinhnent of a Receiver, such Court shall forehwith appoint a recei~ of said mortgaged properly afl and singular, inctud~ng al! and singu:tr the income, prol~ts, issues and reve~ves from whatever scurce derived,'each and very of whrch, it being expressly understood, is hereby mor~gaged as ii speuficaliy set forth and described in ~he g?anting and habendum clauses hereof, and suth Receiver sha11 have all the broad and effect~ve funct~ons and powers in anywise e~trusted by a Cou~t to a Receiver, and s~ch appointment shall be made by such Ceurt as an admitted equ~ty and a matter oi absalute right to sa~d MOR7GAGFE, ar+d without referente to the adequacy er i~adequacy of the value of the property mortgaged or to the so':vency or ~nsolvency oi sa~d MORiGAGOR w the defendants, and thaf such ren~s, profits, income, issues and revenues sAatl be appl~ed by such Rece+ver accord,ng to the tien or equity of said MORTGAGEE and the practice of svch Court. 8_ io duly, promptly and fully perform, discharge, exec~te, effett, complete, comply w~th and abide by each and every the stipufatio~s, agrcements, cenditions and covenan~s ~n said promissory note and this ~iortgage set fwth. 9_ That in the event the ownersh~p of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the ~'ORTGAGEE, its successors and assigns, may, without ~otice to ~he MORTGAOR, deai with auch successo~ or successw in interest with reference lo this mo~igage and the debt hereby secured in the ~ame manner as with /ho~tgagor w~thout in any way vitiating or d~xhargirg the Mortgagors' Iiability herr under a upon the debt heieby secured. No sale of the Fremises hereby mortgaged and no forbearance o~ the par~ of the MORiGAGEE w its successors o• assigns and no exte~sion of the time (or the payment of the deb~ hereby secured given by the MORTGAGEE or its successws or assigns, shall operate ro release, d~scharge, mod~fy change or affect the or~ginal liabifify of the MORiGAGOR herein, either in whole or in part. 10. It is speuf~caliy ag~eed that time is ot the esse~ce of this conrract and ~hat no waiver of any obligat~on hereunder or of the oblgation u- c~red he~eby shati at any time thcreafter be hefd to be a waivcr of the terms hereof or of the instrument setured herby. 11. In add~t~o~ to the forego'~~g menthly payments of prioc'pat a~d interest ~equ~red by the promissory no~e sewred hereby, mortyagor tovenants a~,d agrees to pay to mortgagee v~irh ea.h mo~rh~y payr.:ent an add~f;onal sum est~mated b~r mortg~gee to be equal to 1 j 12 of the annual cost of the follow- ng: _ A-All real property tazes levied w assessed against the above described real estate. B-prem~ums on fire and windstorm ~nwr~r.ce as ~ere:n reqo~~ed to be ca+ried on the ~mprovemen?s s~tvate on the above described premises. C-Prem~ums on such morfgage guaranty ~nsurar,~e as mortgagee sball fro-n t;me to time deem fit to carry on the ban "secur¢d here6y. ktortgagee stiail from time to ~ime notify mortgagor in writ~ny of the amount due and payable hrreundrr and such sum shafl:therevpon be due and ,ayable o~ the due date of ~ha next month~y payrneni and each successive month thereafter untit mo~tgagee shatl notify mort~~~o~~ `e'tini{xjB•in suth ~~~ount. Such sums sha~f be appiied by morrgagee to•tiard the payment of real property taxes, insurance prem.ums, a~xl`~pDO~t~ ~gQ~r~n ~.jnsvrance p~^miums. . ~ - ~1 IN YlITNE55 WHER~QF, the said MORTGAGOR has hereunto set his hand and sea! fhe day and year first aforesaid. Q" .'S* • S~yned, :,eated and detiver ~n the qresence ot: fICED ARQ kECOROF6 AMERICAN HO[~~~jif~G~ ~,Y~tC~ ST.IUGIE ;.OJtiTY ~LA. - ~ , - - _ ftOCE- ~'~„~~AC • ~ ~ ~ CLERK Ci' ;,;~~7 COURIBY~ a~ ~ ' RFCCFD VE~°Ftcp"~ • li~ 9 ~ f ~ t/~ : . • • ~ ~ 1 3 s9 P~I ~3~ST. eYna . e . y, ary~se°p ; - 2E;p429 r~ _ ` STATE OF FIORIDA COUNTY OF ST. LUCIE ~ ' y~ I HEREBY CERTIFY, That on this day of~~-~~~ ~-L~~ , A,D. 19LyL, ~ s before me personally appeared William A.Anderson and Vezna L. At'~deZSOn ~ ; respectively President and Secretary , of 3 ; Anerican Hanes & Mortgage~ Inc. Florida s _ _ a~_~-~-___ Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally ack~owledged the exe- i .~:1~??~~~ir~~i~, ' cut'ron thereof to be their iree act and deed as such officers for the uses and pur~oses thereiFr~lm~ht:~''a~;d that they ~ ' ;~~.r (/'i ~ affixed thereto the official seal of said corporation, and the said instrumsnt is the act_a~?l~:~ed of ~s~~~Scporation. r: y,: ~ WITNESS my hand and officia~ seal at Fort Pierce , said count~.apc~•~`te. ' ; This instrument prepared by , • - . U- E .a _ ; John W. Col2ins j _ - ~irst Federal Savings and Loan otary blic, in and for Stafi~ ounty ~re3aid. = Association of Fort Pierce My Commission Expires: MOTARY ~QIt~C.•Slttjl~ IRORlDA st LARGE s A~Y CO?~1MI~Sf"}N'~r.,{p.tS ~EC. 29. 1415 60~ded inrr G~'~:•e~ tr,::,.rce Un~erv.ritrn. ~ Checked By F1~.-- ; i ; ~;Ja!~~ : ~ js s - - - - - - - ~ . _ ~ . - - - ~ _ ,.T~ ~