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To place and continuou~ty keep on the buildings now a fieroaft~r ~ituste on aa~d ~~nd and on all eqvipment ~nd personally covered by ~hEs rna~~ sy~, wilh ~11 prem~ums thereo~ paid in full, fire insursnce in the usual itaidard policy (orm, in a ~um approved by fhe MORIGAGEE, and windatwm iruvrarue in th~ usual tta~dard pol:ty form, in • sum ~pproved by 1l+~ MORTGAGEE, i~ fuch tompany or tomp+nies ~s ~M MORTGAGEE m+y d'ueclt and •11 (ir~ ~~d w~ndsto~m i~suranc~ polKies on any of said build~nys, ~ny inter~sf Iherein o~ pa~t the~eof, in tM ap9~eq~~t ~um ~twts+id w In exceaf thereof, shall contain rhs uiual ~tandard mortyayee claus~ a iuch o~hH cl~us~ ~f tM Morlg~qe~ may requ~n. makinp the lou under s~~d pol4 cie~, each ~nd every, p~yabls to s~id MORTGAGEE as its in?ere~t may appea~, and each ~nd ~ve~y such pol~cy shall be promp~~y +~s:pned and de~ivered ~o •ny held by aid MORTGAGEE at (~rthe~ security ~o said morlyag~ deb1, and, rat I~u ~Mn ten (10) days ln ~dvance of ~he expirat~on of s~ch policy, to d~- liw? to s+id MORTGAGEE • renew~l the~eof, tope~Mr with a rec•~p~ fw ~he p..mivm o) s~cl+ rsn~walj and then shall be no firo w winds~am Inwra~c~ pt~ctd p? ~ny of taid buildinps, ~ny inlerest tMrein w p~rt the~eof, vnleu i~ tM iorm and with ~M loss pay+bl~ afaei+ids and in tFK ~vtnt ~ny sum of money becomei payable vr+der such policy w policies said MORTvAGEE ~hall Mw the option to ~~ceive and apply the ~anx on acsovnt of the indeb~ed- neu setured hereby w ro pe~mit said MORTGAGORS fo rKeivs and us~ h or any pa~t 1he~eof for othe? purposes, w~~ho~t the.eu/ waivi~ig or mipair- inp any puity, lien w righl unde~ w by virtue of this morepage; ~~d in tM tvent iaid MORTGAGORS shall fa any ~tason fail to keep tM said premiset so insured, o~ (ail to delive~ promplly ~ny of iaid policies of insvrant~ to Nid MORTGACaEE, w fail promptly to pay fully any p~emium therefor w in any respect (ail ro pKfam, discharga, execute, effecL complete, comply wi~h aod ~bids by Ihis cove~ant, a any part herwf, said MORTGAGEE m~y pl~ca a~d paY fw suth insu~ants w aoy pa?1 thereof without w~ivinp w affattinp eey option, litn. equity, w riyht under a by virtw of ~hi~ Mwty~pe. ~nd tF?e full amovnl of each and ewry such paymeM shall be imrtxdiately dw and payable ~nd shall beu interest from th~ dats thereof umil paid at tht ~at~ of ~ine per centum per annum and togethrr with such interes~ ihall b.e sccured by tM lien of this mat9aye• , 1. To p~rmit, commit or sutfer no wa~te, impairment or deterioration of t~id properfy w sny par! thereof. 5. To pay all and sinpular the costs, charges ~nd expen~es, including s reasonsbk ~ttoiney i fee and costs of sbitracts of titte, incvrred o~ paid st any time by iaid MORTGAGFE, because o~ in the event of ti~e {ailur~ on the part of ~M said MORTGAGOR ~o dvly, promptly and fvlly psrfpm, diuharg~, execvte, effect, complete, comply with and abide by each ~r.d every the stip~lations, ag~eements, conditions, ~nd cownann of said promissory ~ote snd ~hq matyag~ any or ei~ha. arvJ wid cosu. char9es and expenies. each snd evsry, shall b~ immediataly due and p~yable; whe?her w not there be notice d~ mand, attempt to collect w suit pending; ~nd the full amount of each and every wth paymaM shsll bear interesl from Ihe date thereof uMil p~id at the rate of ni~e per centum per annum; and all said cos~s, charges and expenxs inturred a paid, togelher w~th iuth intetest, ihall be setured by ths lie~ of this mottpags. 6. That (a) in the avent of any breach of fhis Mortgage o? dsfault on the part of the MORTGAGOR, or (b) in tM eve~t any of said svms of mo~ey herein referred to be not promptty and futh paid wi?hin thirty (30) d~ys next airer tF!e same severally become due ~nd payabl~, without demand a notite, or (c) in the event each and everv the stipulations, agreements, conditions and cove~ants of u~d promissory note and th~s morfgsge a~y or either are nol iuly, promptly and fully perfwmed, dixharged, executed, effected, completed, complied with and abided by, then in either w any tuch svent the taid ag gregate wm memioned in said promissory note 1Fxn remaini~g unpaid, with interest atuved, and all moneys secured hereby, shall become dw and pay- able fw~hwith, a thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the sa~d sums of money were wiginally ttipulsted ro be pa~d o~ such day, anything in sa~d pramisswy nore w in this Mortgage to the contrary notwi~hstsnding; and therevpon a thereafter st ~he optia? of said MORTGAGEE, without notite w demand, suit at law w in equity, therefwe or Ihcreafter begun, may be prosecWed is if ~I) mOneys setured hereby had matured pnor to i1s institution. 7. That in the event that at the beginning of or at any time pending a~y suit upon this Mortgegs er to f~IfEclo~ iL O?: to rofarq if, or to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Coun having jurisdiction thertof br•ths.a~.~ _ s Receiyet, ivch Court shall Forthwith appoiM a receiver of said mortgaged property all and singular, includmg all and sirgular 1hM ig0oms, profits,.~~~nd revMUes ~from= wF~atever source derived, each and every of which, it be~ng expreuty understood, is hreby mor~gaged as if sptufically sef fath and dewibed ln tlw ~r~+g and hab~~dum clauses hereof, and such Receiver shall have all the boad and effective funct~o~s and powers in a~ywise er?trusted by a Court to a Receiver, and such appoinrment shail be made by such Court as an admitted equity and a rt+atter of absolute right to ssid MORTGAGEE, and withoul reference to fhe edequaty p inadequacy of the val~e of the property mortgaged or to the wlve~cy or insolvency of said MORiGAGOR d tt?e defendants, and thst svth . rents, profin, income, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity of ssid MORTGAGEE end the practice of such Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, canply with and abide by each and we?y fhs stipulations, sgrcements, conditior?s and covenants in u~d promiuwy note and this mortgage set fwth. 9. That in Ihe event the ownership of the mortgaged premises, a a~y part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, msy, without nofice to the MORTGAOR, deal with such successor or suctessw in interest with reference to this mortgage snd the debt hereby secured in the same manner as with Mortgaga without in any way vitiaiu~g or d~uF+arging the AAwtgagors' (iability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w iti s~tcessors or assigns and rw exter+sion of rhe time fa the payment of the debt he.eby secured given by the MORTGAGEE or its successas or assi9~s, shall operate ro release, d~scl?arge, modify change a affect the original liab~lity of the MORTGAGOR herein, eifher in whole o~ in part. 10. It is specifically agreed that time is of the essence of th7s contrad and that no waive? of any obligation hereunder or of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of the terms fiereof w of the instrument secu~ed herby. - 11. In add~tio~ to tne iorego:ng monthty payments of princ'pal and interest required by the prom+ssory note sh-ured hereby, mortgagor tovenants and agrees to pay to mortgagee with each mon?hly payrnent an add~rionsl sum est;mated by mortgagee to be equal to 1%12 of the annual tost of the follow- i nO: A-All real property taxes levied w assessed against the above described real e:tate. B-Premiums on fire artd windstorm insurar.ce as herein requ~red to be ca~ried on the improvemeats situate on the above dexribed pr~mises. I C-Premiums on such mortgage guaranty insurar,ce as mortgaqee shall from timc fo time deem fit to carry on the loan se~ured hereby. Mortgagee shail f.om t~me to time ~otiFy mortgagor in writing of the amount due and payab~e hereunder and such sum shall thereupon be due and f Fayable on the due date of ~he next monthly payment and each successive month thereafter urtil rtwrtgagee shall notify mortgagor of a charye i~ such ~ amou~t. Such sums sF.afl be applied by mortgagee toward tFx payment of real property taxes, insurance prem:ums, and mortgage guaranty inwrance i premiuma. ~ ~ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ned, Sealed and~liver in the prexnce of: '11 lij; ~ ~ii.r. ~ ' ~ ~n ~ * , ~ ~e,~ - q - Maureen Pr~~o'n ~ A~ga,q . STATE Of FIORIDA ~ ~ n'~•~ ~ ~ couNn oF ST. LUCIE ~ ~ - = ~ ~ =:=~'L+~ . Keith T Preston %,~.i~ ~ Befwe me perso~afly appeared • y~ u~ ~tS._ and -~aureen Preston h~: W~r~, to me well known~~6f~AMIWix~~~to me to be ' rhe individuats described in and who exec~ted the fwegang irutrument, and acknowtedged before me that they executed the same fw the purposes therein expresud. And tFx ~~a Maureen Preston ' w~'e of the said Keith T. Preston upon a separate and priv~te examinaYwn by me taken separate and apart from her said husbsnd, atknowledged to and befwe me that ihe executed said insirument freely snd vol~rr rarily and without any compulsion, conssraint, apprehsnsi fear of or from her said husband. ~ WITNESS my.hand and official seal this / C~ dsy of A. D. 19_?~ ~ . ~ Notary Publi in and fj~i the State of florida ~t larye " My Commiu'an e:pir& ~ Return To: Fint Federal Savings 3 loan Association ~/1RGE ~ Of Fo.t P~e~ce. ~_..~Y ~~.~tIC. STATE o1 FLORIOA ~ Fo~t Pierce. Florida 1~ti. 7, lgCp ~ ~Zrc[5 1t~sur+nce ~ ,,,:wo~ oi ~?n~ec?c.a", ~ ! ANO REC ~ ~ This Instrument Prepared ByRiChBrd K. KayEB f lED ~ - First Federal Savings & Loan Association st.{.UCIE COUN of Fort Pierce ~ FlOrlda ROCE~ ?~~j~S ~ CIERl~ C1~CUtt COURT Chetked By~ . RECQR~ YEr.IF1E0 9 4i AM'13 Auc ~ ~oox217 PAC~~,~O 2613~41. ~ ` ~ ~ _ - - - - - ,~--Y: ~ ~ : _ - ~ w - w =s ,Y ~ ,~-~rs ~ .x,~_~~'.._~._ ~ ~ _ 4~~ . _ _ -