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To placs end coroi~uovsly keep on ~he bui:d~ngs now o~ I~e~zaF~er utuate on sa~d IaoJ and on all eqwp~nrnt end perso~ally cove~ed by thii mortg- sge, w~th all premiums ~he~eon pa~d +n iull, hre inwronce ~n the usval erarxlard policy fo~m, in a sum approYed by the MOR~GAGEE. end wmdi~orm insurance in Ihe usual itandard pol~cy for~», in ~ su~n approved by ~he MORTGAGEE, in ~uch canpsny or comy~an:es as ~?w A'ORTGAGEE may dirah ~nd all firs a~d w~ndf~orm intu~a~+ce polic~es on any of se~d buildmgs, any intera?~ therei~ or p~rt thereof, in ehe aggregate sum aforesald a !n exceu NMreoi, sha!! contain the wwl s~andard mo~tgayee clauss o~ such other clauss as ~he Mw!yagee may requ~re, making the loss wxier 1d~d pO~h Nes, esch and every, payable to sa~d MORTGAGEE ~s ~~s intrrci~ may appear, end each and eve~y such po!icy shall 4r promptly ass g~~ed and de~~ve~rd ro •ny hetd by sa~d MORfGAGEE as tu.rher securiry ro sa~d n,o~rgage deb~, and, not Jess ~han ten (101 dayi in advance of ~he expirat~on of each pol~cy, to de- liver to said MORTGAGEE a renewal thereol, togetFur with a receipt (or thr premium of tuch ~enewal; and ~here ahall be no Gro o~ wi~~di~o~m ins~rance Placed p? ~ny of said buildings, any interest therein w parl thereof, unteas in the form and with the loss payable as aforeseid; and in tl~e event any sum 01 rtw+~ey betomes payabie u~der such polity w poticies said MORTGAGEE shall have the opt;on ro reteive and apply ~he sa:ne on account of tha indrbted- neu secwed Fu~eby or to pe~mit said MORTGAGORS ro receive and use it a any par~ ~hereof for oti~~~r µurpoirs, r.~~ho~t th,n u~ xa~.~:~~ ~r u~~p~~r- ing any cqu~ty, 17en w r~gh~ undr~ o~ by v+rtue of thi~ mo:!gage; and ~n the evem ta~d MORTGAGORS shatl fo~ any reasoo fail to kecp tbe said premisas so insured, a fail to del~vtr promptly any of said policies ol insurance lo sa~d MORTGAGEE, or fai! promptly to pay fully any prr~~~~um the~efo? or in any re~pett fail to perform, d~scharge, executr, eifect, complete, compty wi~h and abide by this covenant, or any pan he~eof, sa;J MORTi,AGEE may place and pay to~ suth insutance or any part ther~of without waiving w affacting any option, tien, tqu~ty, or riqht undr o~ by virtue of ~his Mortgage, and tht . a.~~~ ti~~ti~w a.,.~ al,.ll 6..ar interest from the date thereof until paid at the rate o! .:c.;...:~: u: c.~., r-r..._~.. , . . nine per tentum per annum and ro~rthe~ w;~h such inter~st shall be secured by the lien of this mortgage. To p~rmit, commit ot suffer no waste, impairmcnt a deterioration o( said property ot any part thereof. 5. To pay all and singu~ar the costs, charges snd expenses, including a?easonable attaney's fee and costs of abstracts oi titte, i~curred or paid at eny time by said MORiGAGfE, becauae or in thr event of the failure on fhe pa~~ of the said MORTGAGOR ~o duly, promprly and fully pe~form, d~scha.ge. executa, eliett, complete, tomply w~lh and ab:de by each and every ths s~ip~la~iona, agreements, tonditions, a~d cove~~ants of sa~d promissory note and thii mortgaga any or ei~her, and sa~d cosrs, chargcs and expenses, each and every, shall be immediately due and payable; whether w not t~re be notice d~ mand, atte~npt to tolted q suit pend~ng; and tht tull amount of each and evrsy such payment shall bear interesl from the date the~eof u~til pa~d al the rate of nine por cenlum ptr anoum; and ali seid cos~a, charyes and ezpeases incurred or paid, tpgether w~th suth interasl, shall tx secured by the lien of ihis mort9sge, . - - 6. That (a) in the event of any 6reach of this Mwtgage or defaulf on the part of the MOR7GAGOR, w(b) in the evenl any of sa:d sums of money herein referred to be not promptly ar.d fully paid wiihin thirty (30) days next aftc~ the same severatly betome due and payable, without demand a notice. or (c) in the event eacfi and every the stipulat~ons, agreements, conditions a~d covenants oi sa:d promisw~y note and th~s mortgage arty o~ either are not ~vly, promptly and fully p~rformed, discha~ged, eaeculed, efieued, completed, complied with and ab~ded 5y, lhen in either a any such eveM the seid ag- g~egate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all mo~eya setured hereby, shall become due and pay- able forthwith, or thereatter, at the option af said MORTGAGff, as fu!!y and completely as if all of ?he said sums of money we:e wlginally s~+pulated to be pa~d on s~ch day, anyth~ng in sa,d prom~ssory note w in thia Mortgage to the con~rary notwithstdnding; and thereupon or ~hereafter at the op~~on of sa;d MORTGAGEE, wnhovt nonce w demand, s~~t at law or in equi~y, there(ore a thereaf~er begun, may be prosecuted as if a!I moneys secured hereby h3d matured pnw to ds institution. 7. That in the event that at the beginning of or at any time pending any su~t ~pon tfiis Mortgage, a to fweciose it, or to reform it, or lo e~~furie payment of any claims he~eunder, said MORTGAGEE shatl apply to ~he Cou~t having j~risdiction thereof tor the appa~ntment of a Receiver, such Court shail fo.thwith appoint a ~eceiver of said mortgaged property all and singutar, inctud~~g all and singu~ar the income, prof~ts, iisues and revenues from whate~er sou~ce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~t~calty aet iorth and deuribed in the granting and habendum tlauses hereof, and such Receiver shaN have a!t the hroad and effective funct~ons and powe~s in a~~ywise entrusted by a Cou~t to a Receiver, and s~ch a ointment shall be made by such Cou~t as an admitted equity and a matter of absol~te right to said MORiGAGEE, and without reference to the adequacy or ina equacy'of'tTie va ue o e prope. y m rt~eZjEiYCT-YO-tfir so~re AApRIL',AG,p/t_oc _ ~ rhat such ~enrs, prof;is, income, issues and revenues shall be appiied by wch Rece~ver accord~ng to the lien or eqvity of said MORTGAGEE and the practice of such Court. 8_ To duty, promptly and fully perform, d~scharge, execute, effect, compiete, compty with and abide by each and every the stiputations, agreements, cond+tion~ and covenan?~ ~n sa~d promissory note and th;s mortgage set fath. 9. That in the event the ownership of the mortgagecl premises, or-any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and aas~gns, may, without notice to the MORiGA~R, deat w~th such successw or successor in iMerest w~th reference to tF,is rno~tgaye and the deb~ hereby secured i~ the same manne~ as with 11b~tgagor w:thout in any way viuating or d~schargir~g Ihe ?Aortgagori Iiability herr under or upon the debt hereby xcured. No sale of ti~e premises he~eby mortgaged and no forbearance on the part of the ?AORTGAGEE or its successors or ass~gns and no extens~on of the t~me for the payment of the debt Aereby secured given by the MORTGAGEE or its successors or au~gns, al:all operate a:S,!t+•a_, ...n.l:f~ r1,...~s. r~r wHoct th,r or:ninal liability of the MORTGAGOR herein, tither in whole or in part. 10. It is spec~fically agreed that time is of the, essence of this contract and that no waiver of any obligation hereunder or of the oblgation se- cured hereby shalt at arc~ time thereafter be held to be a waiver of the terms hereof or of tFK insfrument secured herby. 11, In addnion to the forego r.g month!y paym=nrs of princ pal and interest requ~red by the prom;ssory no!e secured he~eby, mortgagor covenant= and agrees to pay to mortgagee w:th each monrhly payr~,ent an add~riortaf wm esrma~ed by mo~egagee to be eg~al to 1; i2 of the annual cost of the follow- :n~: A-All real prppeny taxrs ievied or assessed aga~~st the above described real estate. $-Premiu~ns on fi~e and wir.dstorm insur,~r,ce as here~n requ~red to be carried en ~he ~mFroveme~ts situate on the above described premises. C-Premiur~s on wch mortyage gua!anty ir.s~~rar.ce as mo~tgagee shail from rlme to tirr,e deem fit to carry on the ioal~ secured hereby. Mortgagee shaJ frcm f~me to t~~~e nor~fy mortgagor in writ~ng of the amount due and payable hereund:r and such suh~ ahait thereupon be due and c ayable on ~ne due date of ~he next n:omhiy payment and each successive moneh rhereafr~r ur+i! mortgagee shall no~ify mortgagor of a change in such a•~~ount. Such sums sha;l be appiied by mor*gagee toward tFw payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance p~emiums. IN YrITPJESS WHERiOf, the said MORTGAGQR has hereunto set his hand and seal the day and year firs! afocesaid. Signed, Sealed and delivered i~ the presence of: j ~ , ~ (5eal) ; ~ ~ Lee arren Cow 1 ~~a~~ i ~ (Seaq Sandra L. Cowell ~~a~~ ~ STATE OF FLORIDA ; COUNIY OF $t. G1C1@ ~ "~1 . -L yi ~ . } 8efo~e me pe~sonally appeared Lee Wazren CORel]. ~ . ~ • and _ Sandra L. Cowell his w~fe,.to te'~:~k?w:yeg~d~i~,~„~~o ~„e w tM the individuals described in and who executed the fwegoing instrument, and acknow:edged bafore me that ~hqf ted the' ~a~te ;flli t3~e purposes Sandra L . Cowell - - : • • rherein expressed. And the said - ~ wife of the said Lee Warren CO~@2~. • ~~Q-~ ~y~t4~~ p~yate ; e,aminatio~ by me taken separate and apart from her said husband, acknowledged to and before me that she execut9d s" ii414iim'l~~e~ end vo{un- ~ ruily .and wahout any compulsion, tonstraint, appreh ns_on, or fear of or from her said husband, ' . ,a • Y _ ~ ~•A. D. 19 ~ WITNESS my hand ar,d official seal this- _ da of '/3 ; ~ . 1 ~ , 1: c~~ r~ , ' Notary Public in and for the State of Florida at Lar9e My Commission expires: Return To: First Federal Savings S loan Association 1~1ory Ouh:i:, Stote of 7o•idn ~f [arg~ Of Fort P e.ce. My Canmias:on izp:r_s luly 22, 1977 Fort Pierce. Fbrida ~tN1ad d~r Ainoriccn fira d~ Castnifj Co. 1 fIIED AMC Rc,COR0E0 ~ ; This Instrument Prepared By RiChard V. Hope ST. ttJCic CCUNTY F~A. First Federal Savings 8 Loan Association ROCE~ P~~IiR~S ` ~ CIEEK G~ ..JIT COURT ~ t of Fort Pierce, Rlorida pF~~~~ YEP!"''CO • ; Checked By ~P 6 ~2 26 ~K ~~3 ; ? B~K~~~ PACE~O~t3 '2~~~ ~ 3 $~b _ . _ _ti._._ - ~ ~ . . ~ _ . _