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To piace end coneinvousty keep on the build~nge now a h~rs~(t~r sit~att on said l~nd ~nd o~ ~II equip~nent ~nd perso~aily covered by this mwt~ ~y~, wi~h all premiumt ihereon pa~d in full, fire ins~rance i~ ~he ~iusl sunda~d policy fwm, in • ~um approved by IM MORiGAGEE, a~d w~nditorm i~w~ante in Ihe ~sual ~tandard po~~cy fam, in a sum apptored by tM MORTGAGEE, in iuch company or compan:q ~s tl+~ MORiGAGEE may dind; and alt (Ne a~d w~ndsiorm insuronc~ pol~cias on ~ny of ~aid build~nps. any inre~sit tha~ein or part therwf. in th~ a~grc9a~e sum elaesaid w in ~xctss ihereoi, ~MII coroain ~M usual standard mor~ya9ea clause a~uch othK clau~~ u tM Mort9aget may requ~?~, maAinp ~hs los~ unde~ ~a~d po~i~ ci~s, e+ch and every, p~yab~~ to uid MORTGAGEE a~ its ime~etit may ~ppear, and each and every ~uch po~rcy ~h~il be p~ompt~V +u.gned +nd d~livered ~o ~ny hsld by sa~d MORI3AGEE ~i fur~he~ sccu~ity to s+id ma~ysga debt, and, not leu than ~en (10) dayt in advance ot ths expirairon o( each pol~cy, to dr liw~ to ~aid MORTGAGEE a rMwwal thereof, to~e~!?K with • rec~~pt fa ~M p.rm~w++ of ~~ch renewal; and the~e shall b~ no f~re or winds~o~m insuranc~ pl~ced on ~+y of s~id buildirg~, ~ny interest thsr~in or parl ther~of, unl~ss in tFk form ~nd with tM Iws payabte as a(aesaid; snd in the eve~t any tum of money becomes payable unda iuch policy a policie~ wid MORTGAGEE shall Mve IM opt~on to r~ceive and appty the same a? accou~t of the indebted- nais secu~ed he~Oby O/ to permit ssid MORTGAGORS to rKeive and us~ if p aoy parl thereO! fw othe~ purpcses, wilhout Ih+~co/ waiving o~ ~~~~pd~~• inp any eqvity, IiM 01 fi9F11 ~nder w by vi~tw of ~his morsyagej +nd in ~ht evcnt iaid MORTGAGORS shall for ~ny reawn fail to ke~p ~he ~aid p.emisrs so ieuured, w fail b deliver promp~ly ~~y of uid polKi~s ol in~urence to said MORTGAGEE, w fa~l promptly to pay fully any premium therelw a in a~y rtsp~tt fail to pafam, d~schuge, execut~, e(f~ct, tanplete, tompty wi~h and abide by this covenant, a any part herwi, said M~R~GAGEE msy p~ata +~~d paY for wch inaurance u any p~rt thsreof withovt w~ivinp a+ffactinp any op~iae, li~o. equi~y, or righ~ u~da or by virtw of ~his Mwtgsys. and the full amount of each and evsry wch paymenl sMll t~e immediately dw ~~d payable end shall bear interesl from Ihs date the~eof until paid at the rat~ ol ~~M p~~ ce~tum pet annum and togetlxr with iuch i~terest sMll be secured by the lien of this mwtg~ga. 1. To p~rmit, commit w iuffe~ no waste, lmpsirn+ent or deteraratio~ of said property or ~ny paA thereof. 5. To pay all and sirqulu the costs, cMryes and expenses, inctuding a reasonabk attwneY s fes and costti of s5st?ads of titls, i~curred w paid al any time by said MORTGAGEE, because a in the event of the failure on the part of the ssid MORTGAGOR to duly, promptly and fvlly per(am, d~xharge. executs, etfect, compkts, comply with and ab~de by each and every the stipvlei~ons, sgreements, ro~d~tions, u+d covenena ot ss~d promissory note snd this mortyaps ~ny w eitF~er, and ~aid cosb, charges and expenaes. each and evc~y. tMll be immediately due and payable: whether w not thero be r+otice de mand, attemp~ ro colkct or wi1 pe~d~ng; and the ful~ amouM of each a~d wery iuch payment shall bear inurest from the date tF+ereol untii paid at thc rate o( nine per centum per annum; and all said costs, charges and eapenses incurred w paid, togetlur wuh wch interest, shall be secured by the lien of thu rtwrtpspe. 6. That in 1M event of any brc~ch of this Mwtgay~ w default on the part of the MORTGAGOR, w(b) in the event +ny o( sa~d sums of mo++ey herdn refe~red to be not promptly snd fully paid witt~in thnty (30) days next atter the same uve?~Ily become due and payable, witFwW demaod or notice. or in the event cach and eve~y the stipulations, sgreements, condirions arx/ covenants of sa~d promissory note and th~s rtwregsge any w either are nol iuly, promptly ~~d fully perfamed, d~uharged, executed, etfected, completed, complied with and abided by, then in either or any such eve~t the said aQ gregsM sum mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys xcured hereby, shatl become dut snd pay- ab~e fathwith, o~ thereaite?, at ~he opt~on of said MORTGAGEE, as fully and completely as if a~~ of the said wms of money were aginally st~pulated ~o be pa~d on such day, anything in sa~d prom~ssory ~ote w in this 1Nortgage to the contrary notwithstandi:g; and thereupon or thereafter at the option of said MORTGAGEE, without r+otke or demand, suit at Iaw w in equity, therefore a thereafter begun, may be prosecuted as if-all moneys iecured heteby had matured pnw to ifs institution. • r' - 7. Thal in the event that at the begi~ning of or at any time pending any suit upon this Mwtgage, w to fweclose it, w io refoiln it, o? lo enforce payment of a~y claims hNeunder, said ~110RTGAGEE shall apply to the Court having ju~isd~c~ion thereof fw the appointment of a Receive?, such Court shall forthwith sppo~nt s receiver of said mo~tgaged property all snd s~Ayular, includ~ng atl and singular the iruome, proi~ts, issues and re~enves irom whate~er source derived, each and every oi whKh, it be~ng expreasly underatood, is he~eby mwtgaged as if spec+fically set forth and dewibed~ in the y~aroing and habendum clavus hereof, and suth Receiver shall l~ave all ~he b.oad and effective funcnons and powers in anywise entrusted by v Courf to a Receiver, and such sppointment shall be made by such Court as an admitted equity and s matter of absolute right to said MORTGAGEE, and withoul refe~ence to the adequacy or inadeqvacy of the value oi ihe property mortgaged u to thc sowency or insolvency oi said MORTGAGOR a the defendants, a~d that such rents, profits, intane, iuves and revenues thall be applied by such Receiver according to the tien or equity of taid MORTGAGEE and Ihe practite of suth Court. 8. To duly, promptty and fully perform, diuharge, execute, effcct, complete, comp~y with and sbide by each and every the stipulations, agreements, cond7tans aod covenants in sa~d prom~ssory ~ote and thls mor?gage set fath. ~ 9. That in the event the ownershig of the mortgaged premises, a sny part tlxreof, becomes vested in a person other than the MORTGAGOR, the MORiGAGEE, its successors and ass~gns, may, without notke to the MORTGAOR, deal with such svccessa a successor _in interest with reference to thia mortgage and the debt hereby sccured in the same marxier as with Mortgagor without in any way vitiati~g a d~xharging the 1~longagors' (i~bility here- under w upw~ the debt hereby secu.ed. No sale of the premises hereby mortgsged a~d no fwbearsnce on the part of Ihe MORTGAGEE or itt succe:sors or assigns and no exte~sion of the time ior the paymem of the debt hereby secured given by the MORTGAGEE or its succruors or aui9ns, ahall operate' to release, d~xharge, modify change w affect the orig~nal liabil~ty of the MORTGAGOR herein, eitAer in whole a in part. 10. It is spec~fically ag~eed that time is of the easence of this contract and that no waiver of aoy obligatio~ hereuoder w of the obligaYron sr c~red hereby shall at any time +hereafter be hetd to be a waiver of the terms hereof a of the instrument secured herby. 11. In add~t~o~ to the fwego'ru~ month!y paymants of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenants a~d agrees to pay to mo:tgagee v~~th each momhly payrne~t an add~riona! sum est~mared by mongagee ta be equal to 1/ 12 of the annual cost of the follow- . ing: A-All real property taxzs levied or assessed against the above described real estate. ',i B-Prert:iums on (i~e and w~ndstorm insurar.ce as herein rec~u:red to be carried on the improveme~ts situate on the above described premises. ' ~ C-Premiums on such mutg~ge guaranty ir.surar~ce as mo{tgagee shall from time to time deem fit to carry on the loan setured hereby. ~ Mortgagee shall lrom time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due date of the next monthfy payment and each successive month thereaflrr urlil mortgagee shall notify mortgagor of a change in such ' amount. Such sums shall be apptied by mortgagee toward the payment of real property taxes, insurance prem~ums. and mortgage gueranty insurance ~ premiums. 1N WITNE55 WHEREOF, the ssid MORiGAGOR has hereunto ut his hand and seal the day and, ear first a wesa' . - ' ned. Sealed and delivered in the presence of: - ~CCCI c.~ aq j~ co L. Lo iodice ,q c~~-~ c~y ~ Mdrg et L• Log odi aq SiATE OF FLORIDA ~ • St. ~ucie couNrY oF Before me personally appeared ROCCO L. j.Og~O(~].C@ and Maraaret L.• LOQ~O(~1Ce his wiie, to me well known and known to me to be rhe infividuals desu~bed in and who executed the foreparg instrument, and acknawiedged befwe me that they executed the same fw the purposes therein expressed_ And the sai • Margaret I.• Logiodice , ~~fe of the said ROCCO I.• Logiodice ~pon a separste and private i examinst~on by me taken separate and apart from her ssid husband, atknowledged to end befwe me that ahe executed said irotrurnewt',Tr~ety and volvrr rarify aad w~thout any compulsion, constraint, eppr hens+ or fear of or from her ssid husband. ,,;.~~"'~~~~>»i~~~~ WITNE55 my hand and offidal seal thit dsy of AuguSt `v~ ~ V`/?~!q~~'19~ . Q~ - - ~ ' ~ • Nwary Publit in snd fw - ~te~ , ~ i!~ l6r~ye ~ My Commission expires: - . : _ • , . ~ ~ ~ ' L ~ . ~s , _ ~ aetu.~ io: . G~~. o First Federa) Savings 3 loan Associat+on I~o.~r~ ~S4c, :.c.c y:~7o«aalR~`l :*~j~~=~ Of Fort P:erce. ~ ~ ^ + Mr Comm~sa~on E~pi~s-'O~tt ~~0, ~ , Fort Pierte. Florida ~ br ~ R(y~•~(N~ ~.~`~j ` ~n ? _ ,1 W a ~ ~ ; u1 •~~~.~n~~". ~ FILEO AND RECQRDE9 ~ This Instrume~t Prepared By H. Roberts, Jz. 3T.LUCIE COUMTY fl~. ~ First Federal Savings & Loan Association ROCER PO~tRAS ~ , of Fort Pierce ~ Flar ida CIERK CIR~ UIT COUR? RECARJ YER IEO Checked By .~'i Y ~Y Z4 1~ 261912 _ 600K~17 PAGE~r~7~ c~ _ , - - - - ; ~ ~ ..~..r... _ _ , - ~ ..M~~~~~~ ~