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To plsce and continuou~ly kcep on ~he bui:ding~ now w hercafter ~ituats oe~ sa~d land and on all equipmenl ~nd pe?ton~lly toveted by this mortg- sg~, w~th ~II premiumf tAerton paid in fvll, fire insurance in fhe usuat standard policy form, in • ~um approved by Ihe MORfGAGEE, and windstwm 7nsvranca !n tM usual i+andard pol~cy fwm, in a sum approved by ~h~ MORTGAGEE, in such comp~ny w canpa~ie~ ai ths MORTGAGEE may direct; +nd all fi~e and windi~orm insuronce pol~c:es on any of a~~d bvild~np~, ~ny interest ~harc~n or put ~hereo(. tn fM aggrc~ale sum alwesaid O~ (n ~xcess thereof, sMll contain ~he usuel standard maryages clause or such o~her cl~uss ~s ths Matgage~ may requue, ma?inQ the loss ~nde+ sa~d pol~ cies, each ~and every, payabte ro uid MORTGAGEE as iti intere~l may ~ppear, and each and every svch poliq sh~ll be promp~ly ass gnrd and deGvered to •ny heW hy se~d MORTGAGEE as fu~the~ secu~ity ~o ~aid mortgaQe debr, and, na bu than ten (10) dsys tn ~d~ancr of ~hs expir~t~on of e~ch polKy, to dr I;ve~ to ~aid MORTGAGEE • renew+l thereof, ~o~sihK with a rece~pt lor ~he pamium of such renewal; snd ~hero sMll be no f~re o. windstorm insuranc~ placed oe any of taid build~ngs, ~ny interest ther~in w part tF+t?~oi, vnku in tFw fam and with tM tou p~yabte as aforesaid; and in tM eveM a~y wm o/ rtaney becomes payable ~nder tuch polity a poliues s~id MORiGAGEE shatl havs the opta~ to recerve and spply 1l+e sams on sccouro of the indebtcd~ neis slcured F?~reby w 1o permit said tApRTGAGORS fo reteive ~nd uss it p any part thereoF for otncr pur~ses, v.~~ho~t ~he.to~ w,ai~i~r~ or u~cpeir- in9 any equity, Iicr? p right uader w by vi~lue oi this mor!gage; and in tM ~ven~ said MORTGAGORS sha~l fa ~ny ~e~son fail fo keep tFu said premi~rs so ; insured, o~ tail ro deliva promplly any of said po~ities of inswance to said MORTGAGEE, w fa~t promptly to pay fulty any premivm therefor or in any respect f~il !o pKform, diuharg~, execute, effect, canplete, comply wi?h ~nd ab~ by th~s cove~ant, p any pa~e hrreof, said MGRTGAGEE may pl~ce and paY fw such inwrance a any pan ?Furtof without waiv~ng u ~tf~ctinp any option, litn, equity. w r~ght under w by vi~tw oF this Mwtgaqe, and the full amount of each ~nd ewry such paymenl sF?all be immediately due and piysble and shal{ bear interql from the date thereo~ unril paid at the rate ol nine per centum per amum and together with such inrerest shal! be secv~ed by tha lien of tl?is mortq~ge. 1. To permlr, commit w suffer no waste, lmpairment w deteriwation of said property a any put thereof. 5. To pay all and singulx the coah, charges a~d expenses, including a reasonabk +ttorney i fee and cosq of abstracri of title, incur~ed or ps~d at any time by said MORiGAGEE, because or in ~he eve~t of the ta~iure on the paM of the said MORTGAGOR ro duly, promptly and fully pe?fam, d~xha~ge executs, effM, ca»ptett, comply with ar+d ab~de by exh and every the ~tipulat~ab, ~greements, conditio~s, and covenants of said promisaory note and this mortgaye any a ei~her, a~d sa~d costs, cF~rges and expenses. each and every, shall be immedistely due and payable: whether w ewt thcre b~ noeicc do- t mand, attemp~ ro collect or wit pend~ng: and the full unovnt of each and ev~cvy such payment ~hsl1 bea. interes~ from the date ~he.eof ~ntil paid ~t the ~ ra~e of nine pe~ centum per ann~m; and atl uid costs, charges and expenses incurred o~ paid, together w~th such i~teresl, shall be secured by the I~en of thii mortya~e. 6. That (e? in the svent of any breu6 of this Mortgsg~ or defautt on ~he paA of the MORTGAGOR, or (b) in the evcnt ~ny of asid wms of naney here+n refarad to be oot prompUy and fully p~id w~~hin thirty (30) d~ys next after tix s.me seve~aliy becorree due u?d paya6llf without demand a notice, or (c) in the event each snd every the stipulatio~?s, agreemenK, cond+sions snd covenants of sa:d promissory rwte and th~s mortgage any a either are ~01 ~uly, promptly and iully periormed, d:xharged, executed, effected, completed, complied with and abided `ay, then in either w a~y iuch eveM the said ay~ gregate sum mentaned in said promissory note then remaining unpaid, with inrerest sccrued, and all moneys secured F+ereby, shal! betome due and pay- ab!e forthwith, or thereafter, at fhe opt~on of said MORTGAGEE, as i~lfy and complefely as if aN of the said s~ms of money were orginally st~pu{ated ro be pa~d on such day, anything in sa~d promiuwy oote o~ in this Mortgage to the cont.ary notwi~hstand~ng; and thtKeupo~ a thereafte~ at the op~~on of said MORTGAGEE, withoul notice or demand, s~it at law or in equity, therefwe or thereahcr begun, may be proaecuted as if ail n+oneys tacured hereby had matured pnor to its institurion. T. That in the evcM thaf at the begin~ing of or at a~y time pending any wit upon this Mortgage, or ro fweclose it, w to refam it, or to enforce paymeM of any claims F+ereunder, uid MORTGAGEE shall apply to the Court having jurisdrcsion thereof ta the appointmenf of a Receiver, such Goun shall forthwith appoint a receiver o( said morrgaged property a11 and singulu, includ~ng all and aingula~ the income, profits, iuues and revenues from whatever source dHived, each and e~cry of whKh, i~ being expressiy unde.siood, is hereby mo+egaged u if speuiically xt iorth and described in the gran~i~g aod habendvm clausd hereof, and such Receiver shall have af( the broad and etfective funchons and powers in anywise entnnted by a Court to a Rcteiver, and such appoinrment shall be made by wch Court as en admitted equity and a matter of absolute righl fo said MORTGAGEE, and without reiereote to the edequscy a inadequacy of the v~lue of the property mortgaged a to the m:vcrxy or insolvency of sa~d N10RiGAGOR p the defendants, and ehat such renfs, profits, income, issues and revenves sha!! be applicd by such Rcceiver according to the lien or equity of said MORTGAGEE and the practice of iuch Court. 8_ To duly, promptly and fully p~rfam, d~uharge, execute, effect, complcte, comply w~th snd abidc by each and every the stipulations, agrtcments, ~ conditioro and covenan» in sa~d promiswrr note and rhis mortga~e set fath_ ; 9. That in the event the ownership of the mortgaged prem~ses, w any part thereof, becomes vested in a pe~son othe. tha~ the MORTGAGOR, the 1 MORTGAGEE, ita successo~s and assi ns, ma t g y, without notrce to the MORTGAOR, deal wifh such successor or successw in interesl with reference to this { mortgage and the debt hereby secured in the same manner as with Mortgagw without i~ any way vitiafing or d;xFwrging the Mortgagors' liability Frere- undcr u upon the debt hereby secured. No sale o( the premixs hereby mortgaged and no fwbearance o~ the part of tne MORTGAGEE or its sutceuors or assigns and no ez~ension of the time fo~ tFx payment of the debt hereby secured given by the MORTGAGEE w its successors or au~gn~, shaN opaate ro release, d~scharge, mod~fy change a affect 1he original liability of the RAORTGAGOR herein, either in whole or i~+ part. 10_ 1! is specificsliy agreed ~hat time is of the essen~e of this co~tract arx! that no waiver of any obtigatio~ hereunder w of the obl'~gaYan se- cured hereby ~hall at any time thereafter be held to be a waiver of the terms hereof or of the inatrument secured herby_ 11. In additia~ to the forego"ng month!y payments of print'pal and interest required by the promissory nore secured hereby, mo~tgagor covenants and agrees fo pay to mo:tgagee wirh each monthly payrnent an add~rio~al sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-All real property tazes levied or assessed against thc above described real estate_ B-Premiums on fire and windstorm insurar.ce as herein ~equ~red to be carried on tne ~mproveme~ts s:tuate on the above described p?em+ses. C-Pre.niums on such morrgage guaranfy insurance as mortgagee shall from t~me to time deem fit to carry on the loan setured hereby. Mongagee sfiail from time to time notify mortgagor in wr~ting ~f the amount due and payabk hereunder ~rtd such wm shall thereupon be due and ~ayable on the due date of tfie next monthly payment and each successive month thereaiter ur.til mwtgagee shall notiiy mortgagw of a cFwnge in s~rch ; a rount. $uth sums shatl be appGed by mortgagee toward the paymeM of real property taxes, insurarxe prem:ums, and mortgage guaranty insurance premiums. IN \'YITNE55 WHfREOf, the said MORTGAGOR has hereunto set his hand and seal tke day and year firs? afpesaid. Signed, Sealed and de~iverr?1 +rt the p~ese+xe of: / ~ G (Sea~ ~ ~ Edwin Cobbs (Sesq _C... ~ . .c- G.t,~~~' Eunice Cobbs , - ' STATE OF FLORIDA ~ 1 COUNTY OF St. LUCl@ ~ I ~ Before me penonaily appeared Edwin Cobbs i ELlA1C@ CO~S his wife, to me well known and known to me to bs j the individvals deuribed in and who executed the foregoing instrumnnt, and ackrwwledged befote me that they executed the same for the purposes E rherein e:presud. And the sa~d Euniee CObbS ~ ~,~r~ ot r~ ~;a Ed~rin Cobbs ' upon a separete a~d private ~ examinatan by me taken separate and apart from hes said husband, acknowledged to and befo~e me that she e:ecuted said instrumeM freely and voturr tarily and without any compulsion, cortstraiN, apprebension, q fear of or from her said husband. ' ~ -WRNcSS my hand and officiaf seal shis 3~d day of All S ' ~q~~ , i _ .~.i~ • 3: a. tary Public in and fw the State' ~tL~r~~.'' - y Commiu'an expires: i • ~ ~ ~ ` - ` Return To: . ? ~ ~ • ~',~(~.ji;.~ i r10TARY PU~~i~ 1TAT~oT FI~RID~~at (J1lI6~ ~ ; Fint Federal Savings 3 loan Associat;on ~Cn/~Q~ . ~ Of Fort P~erce. ViiYV MY CO.V.S1tSS1E?{ EX~}pES+DEC..-29; ~ Fort Pierce. Florida ' • - ~ f f~"r'~j ~ ull~erwli ' - ' ' FIlE6 ~rl~RECOa0E0 • ~ ~ • ~ ! ST. WCIE COUNtY F~A. . `7 - Q - ~ ~ " RG;._R ~~~TRAS ^ ' ~ CIERK CIr ;UtT COURt , ~ ~ ~ ~ 0 ~ ~ ' E~n:•~ lE"~srEO~~ / ,11 c~"~ . This Instrument Prepared By ,John W. Collin~ r First Federal Savin s b Loan Association ; of Fort Pierce , Florida ~ 3 3 i6 PM ~1~ ~ ~ , ~ ~ . c Checked By r V. A ~ '1? ~s . $t~ ~.1/ ~:~f ~ - ~ ~ - - - - , t_.~ . _ . _ _