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To place ~~+d ca+~inuousiy keep on the bui!dings now w hereaiter ~ir~ats on said I~nd and on all equipment ~nd person~liy covered by this mwr~ p~, with sll premiums t~ereon paid in fuN, tire insv~ance in the u~ual s?andard polity form, jn •,tium spproved by the MORiGAGEE, and wirwsto~m insuranc~ in the ~suel i~~ndard pot~cy (am, in a ~um approved by the MORTG/tGEE, in ~uch comba~y or companies a ~he 1~10~iGAGEE may d'uect; u+d all iire and windatorm insvrance polici~s on sny of iaid buildinys. ~ny inferest therein or pirt the~eof, irt ti» apgrega?e wm ~faesa~d w M~aceu ?hereof, ~hall contrin tM uiual standard ma~ysgN clauie w such other claui~ at tM Mat9a9ee may requi~~, making ~h~ loss unde~ ~a~d poli~ cit~, esch and av~ry, payable ro said MORTGAGEE as its in~erest may appear, and each and every fuch polity shall bt promptly ass:yned and delive~ed ~o ~ny hsld by said M(?RiGAGfE as further tecv?ity to said mortQape deb1, and, not Itss tha~ ten (10) days in advance o( th~ expiration of each potity, to de- liva to a+id MORiGAGEE • renewal thereof, ~ope~l+N with a. receipt for 1M pr~m;um oi such rcnewal; and ~he~~ ~hall be no f~re o? winds+orm iniursnc~ plated o~ ~ny o/ ~id b~rild~rpa, any intere~f tMre~n a parl thereof, u~less in tht fo~m a~d with ths !ou Wyable as elwescid; and in tht e~~n1 any sum of mw~ey becomes payable under such poucy p policie~ ~id MpRTGAGEE ~hall have IM option ~o receive and apply the same on accoun? of tM indebted~ ~NU ucured he~eby w fo permit said MORTGAGORS to ?eteivs and us~ il p any part Ihereof to~ other purpoxs, w~~iw~t th_~cb~ waiv+~ag o~ ne+pob- irg any equity, l;en a ~7ghr unda~ a by virrus of this moriy+pe; and in tF?s evem sa~d MORTGAGpRS ihatl for any ?eason fail to keep the iaid promi~es w iniured, a fail ro daliv~ pomptly ~ny of ~aid politirs of insur~nce to sa~d MORiGAGEE, or fail promptly fo pay fv11y any premium therefpr a in ~ny re~pect t~i( q pertam, d~scharqe, eaecute, effect, comptets, comply with a~d abide by th+s tovenanl, w iny pa~t hereof, said MORIGAGEE may place and paY (a tuch inwrance a any part thereof witFwal waivinp or attettitg ~ny option. lien, eqviry, or riqht under a by virtw of this Mort9a{~e, and th~ full amovro of each and ~very such paymeni shall be immediately dw +~d pay~ble and shaH bear iMeresl from the dat~ tl~ereof until paid at fh~ rate o! n~ne per centum p~r innum and together with ~uch interrst shall be secwed by the lie~ of this mort9aga 1. To pe?mi1, oommit a iuffer no wute, impairmeM p dNerioration of said properry w any part thereof. ~ 5. To psy all ~nd su~yvlar the tosu, chargea and expenus, i~cluding a reasonable ettaney i tee and cos~s of abstncts of title, i~cvrred or p~~d al any ti~ by said MORiGAGEE, becauss or in ~ht event of ~he failure on ~Fx pan of the said MORTGAGOR to duly, prompNy snd fvlly perfam, dixhargR rxecuts, sflect, co+npleie, comply with and ab:de by each and every the stipulations, agreemenn, tonditions, and oovenann of said promiisory note and thi~ ^~~9a9Q ~^Y a e~~~+. ~~+d s+~d coits, charge~ and expenses, each and evary, shall bs immsdiately due and payable; whe~her p not thc~e be norice de~ mand, attempt fo collecf pr suit perwling; and tF?e ful! artqunt of eath and every iuch paymenl shall bea. interest from Ihe date thereof uNil p~id ai th~ rate of nine per centum per annum; and all said coats, charges and expenxs incurred w paid, logether w~th svch interes/, ~hall be secured by the lien of thi~ matyags. 6. Thal (a) in the tvent of any breach of thfs Mo~rgage or defav!? on the part of the MORTGAGOR, p(b) in the eve~t ~ny of uid s~xns of mor~ey hcvei~ referr~d to be no1 promptly ~nd fully paid within thirry (30) d~ys next after ~he same seve~ally become due and payab~e, withou~ demand or notice, or in tha event each and every the stipulations, agreements, cw~ditions a~d covenants oi sa~d promissory note and th~t mortgage any a either are nol ~uly, p?omptly and (ully performed, d~xharged, executed, effected, completed, compSied with and abided by, then in either or any such event th~ sa~d ag~ gregate sum mentaned in said promissory ~ote thrn r~vnaining unpaid, with interest sttrued, and a11 moneys secure~d heteby, shall become due and psy- able forthwifh, o~ rhereafrer, at the option of uid MORTGAGEE, as fuily end complr~rly as ii •II of ~he aaid wms of money were a~ginally s~~pulsud to bc pa~d on such day, anything in sa~d p~omisswy note w in this Mwtgage to the con~rary notwithatand~ng; snd thereupon a thereatte~ st ~he opt~on of said MORTGAGEE, without tatite or demand, tuit at law or in eQuity, there(we or thereafter begun, may be prosetuted as if sl! mw~eya setured hereby had mawred pnor to its institution. 7. Thaf in the evont that at the beginning of w at any time pendir,g any wit upon this Mo?tgage, w to fweclose N, w to re(orm it, or to enfwce payment of any claims hereunder, uid MORTGAGEE shall apply to the Court Fwv;rig jurisd~ctio~ Ihereof for the appointment of a Rece+ver, wth Cou~~ sMll forthwi?h ~ppoint a receiver of said mortgaged propeny all and singular, i~clvd~ng all and s~ngular rhe income, prof~ts, issues and revenves from whatever source derived, esch snd every of which, it beinp expreuly unders~ood, is hereby mor~gaged ~s i1 spetifically set fotth and dewibed in the 9ranting s~+d habendum clauses htreof, and svch Receiver shail have a!1 the b,osd arid ef(ectire funct.ons and powers in anywise entrusted by a Cwrt to a Receiver, and such appointment shatl be made by such Court as an admitted cquity and a matter of absoiufe right to said MORTGAGEE, a~d without refererxe to the adequacy or inadequacy of the value of the property mwtgagcd or to the weve~cy or ~nsotvency of sa~d MORiGAGOR or the defendants, and that such rents, profits, intome, iuua and revenues shall be spplird by such Receiva accord~ng to the lie~ or equity of taid MORTGAGEE and the'practice of such Court. 8. To duly, p~omptty and fully perfwm, d'+scharge, execute, effect, comp(ete, comp(y with and abide by esch and every the stipulations, agreements, condit'ans and covenant~ ;n sa~d promisswy note and this mortgage ut fash. 9. That in tha event the ownership of the mortgaged premixs, p any pan fhereof, becomes vested in a person other than the MORTGAGOR, iFK MORTGAGEE, ita successors and auigns, may, witho~t notice to the MORTGAOR, deal wifh such sutcessor w successor in interest with reference to this mo~tgage and the debt he~eby secured in the same manner as with lJbrtgagor without in any way vitialing a d~uharging the Mortgago~s' liability hera under o? upon the debt hereby secured. Mo sale of the premixs he~eby mortyaged a~d oo forbearance on the pan of the MORTGAGEE or .its successon o~ auigns and no exrens~on of the rime for the paymenr of the debt hereby secured given by the MORiGAGEE or its svccessws w suigns, ahall operats ro release, discharge, modify change a ~ffect the original liab~tity of the NIORTGAGOR ixrein, eiti?er in whole w in part. 10. It is spec~ficatly ag~eed tha~ time is of the essence of this contract and that no waiver of any obligation he~eunder w of tM oblgation sN cured hereby shall at any time thereaher be heSd to be a waiver of tlx terms hc~eo( o~ of the instrument secured herby. f 1. In add~tion to the forcgo:ng monthty payme~ts ot princ'pal and interesf required by tFu promissory nore secured hereby, mortgagw covenanfs and agrees to pay to mo:tgagee vvith each monthty payrnent an add~rional sum estimated by mortgagee to be equal to 1/12 oi the annual cost of the follow- ing: A-Al) •real property taxes lev~ed or assessed agaiost tF,e atrove dewibed real estate. B-Premiums on fire and wir~ds~orm insvrance as herein requ;red to be carried pn the improvements setuate on the above dtscribed premiset. C-Premiums on such mostgage guaranty insurance as mortgagee sFa11 from hme to time deem fit to urry on the (oan ~ecured hereby. Mwtgagee shail from tirr~ to time notify mortgagor in writ~ng of the amount due and payable hereundtr and such sum shall thereupon be due and payable on the due oare of the next monthly payment and each successive monlh thereafter ur.til mortgagee shaU notify mortgagor of a change in such amount. Such sums sF.all be appfied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage gua?anty insurance premiums. IN WIiNc'SS WNERFOf, the said MORTGAGOR has hereunto ser his hand and seal the day and ear firat afw Si ned, Sealed and li~eled in the presence of: , Thomas ott n (SeaQ Mazga~es V. Knott ~~,n ~ STATE OF FLORIDA ~ f $t . 1.11C 1Q COUNiY Of ! eefwe me personaUy ap~eared Thouas L, KflOtt ' and € _ Malqat@t . I(l10tL his wife, to me well to me to be E the mdniduals dewibed in and who exKUted the foregoing instrument, and atkrwwledged before me that they execufiQ ~ N1[~'! the purppses ~herein ex essed. Md the u' ` Mar are t V. Knot t ~.•~`"~v~ ~ Kl10t t ; w~fe of thc sa~d Thomas L. • y' •~p~~i~e ind priwts ! examinarion by me taken separate and apart from F~er said husband, scknowtedged to and befwe me that she ex~vT~d.lai~.i1Sit4urfi~A{~t~e?y and volurr rar~ly and w~thovt any compulsion, constrai~t, apprehension, or fear of or from her said husband. :!r~ ; n k~~'tt~ : 4 ~.G ~/L Au ust --t : . f WITNE55 my hand and official seal thiL day of '~'Q i9 73 . 'J ?d~.~v} i e`~', ~ Notary Public in and iq ~F ~it~r~e My COmmiuiOn ezpirq:•~•'•, '4 s~ ' ~ R~'"•" T`: NorNCr ~ela~,~t~{ ~''{y~ba.c wtce ; First Federal $avings d. Loan Associafion ~~~+~~~•~'~1'7'E~• 19~ ~ Of Fort P~erce. ~f~d~d B~ AR1efICi~'6~tlketS Irt~l(~t~ ~,q~ Fort Pierce, Florida ; {.EQ A?i~ ?EC RpEO This Instrument Prepared By Robett A. Svrishet ~ JY . ~~'~E ~O~w~Y F~~• ~ ' R9GER FO~TR~6 ~ E First Federal Savings 8~ Loan Association ~ B~ERK Ci~?CU~~ COUItT , J ; of Fort Pierce~ Florid.i PFCOSt~ Vf 4+fIED ' Checked By `sl°-_ ~ ~O ZS ~ s ? eooKz~.7 ~?c~~s4 26191~ ~ - ~ - - - ~ ~ . _ _ : v