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To place and continuously keep on the bui!d~ngs now or herea(~er ~~tua?e on sa+d land and on ali equipment ~nd personally cove~ed b/ this mo~~q~ sgs, with ali prem~ums ~hcreo~ pa~d in full, tire insurance in the uaual srenda~d po~~cy torm, in a ~um approved by the MORIGAGEE, a~~d w~nd~~wm insurance in the usual ttsndard pol:cy f«m, in s sum approved by ths MORTGAGEE, in such compsny o~ co~r+pan~es as the MORiGAGEE may d~rett; and ail firs and wind~torm insurance policies on any of sa~d build~ngs, any interest therein or part thereof, in the aggregate sum afaes+~d o~ in excets lhereof, shall contain Ihe usual standard mortgagee cla~sa w such o~her clause at 1M Morlgagee may requ~re, maMing ~he loss under •a~d po~3- cie~, each and overy, payabla to sa~d MORTGAGEE as ib interest may appea~, and each •nd eve~y such po!~cy shall be promp~ly ass gned and det~ve~ed ~o ~ny held by sa~d MORTGAvEE as (ur~her security to aaid mortgage debt. and, not leu ~Mn fen (10) days in advance ot the ezpirotion of each polKy, to da livtr fo sa7d MORTGAGEE a renewa~ ~hereof, togethsr wifh a recs~pt few the premium of such renewal; and there shall be no i~re o~ windsto~m insurance placed on any of isid buildirgs, ~ny inte~est there~n w part thereof, unless in the form and wi~h the lou payable as afwesaid; and in the event any ium of money become~ payable unde+ iucA policy or pol+ues said MORiGAGEE ahali have the opt~on to rece~ve and epply the wme on atcou~t of ~he indrbted- ness secured hereby o~ to permit sa~d MORTGAGORS to receive and use it or any parl thereof for othr. pvr~,osrs, v.~~h;~t ~h:.~~~ .va~+~~~3 ~r ~~~•p~~~- iny any equity, lien or right unde~ w by virtue of this ~+w:sgage; and in the event sa~d MORTGAGORS shatl fw sny reason fail to keep the sa~d premis~s so inaured, w fail to detive~ {~anp~ty any of ia+d pat;tizs of insurance to said MORIGAGEE, or fai? p+omptly to ~?ay fully •ny pre~nwm the~efor or in a~y reipect iail b pe+fam, discha~ge, eaecute, eflecl, complete, comply with and abide by this covenant, w any par~ hereof, seid MORiGAGEE may place a~~d pay fp such insurance or eny part thereof wi~hout waiving o~ ai(ecti~g any option, lien, cqu~ty, or right under o? by virtue of this Mortgage, and the full amount of eech and eve~y such Qay~Tent shall be immediately due and paysble ~nd shall bear imerest from the date thereo( un~il pa~d at the ra~e of nine per centum per annum and to~ethe~ with such interest shatl be secured by the lien of this mortgage. 1. To permit, commit w sutfer no waste, impairme~t or deterioration of said propery a any part thereaf. 5. To pay all and singulsr the cos~s, charges snd expenxs, including a reasonable attwney's fee and costs of abstrads of ~itte, incuned e~ paid at any time by said MORTGAGfE, because w in the event of the failure on the part of the said MORTGAGOR to du~y, promptly and fully perfwm, d~scharge. >xecute, effM, tomp?ete, comply w~lh and ab:de by each and every the stipulatrons, agreements, condilions, and covenants of said promissory note and ~his mortgage any or either, and said costs, charges and eapenses, each and every, shall be immediately due and payable; whe~he? w not there be nor~ce dr mand, attempt to colied or w~~ pend~ng: and the full amouot of each and every such paymem shall bear intercst from ~he date thereof until paid at the ..,re of nine per centum per anuum; and all said costs, charges and expenses incurred o? paid, together w~th such interesl, shall be setured by the lien of th~~ mortysge. 6. ihal (aZ in the event of any breach of lhis Mwt~age o~ default on the part of the MORTGAGOR, or (b) in the eveM any of sa:d sums of monty hero~n refe~red to be not promptty and fully paid within th~rty (30) daYs oext after Ihe same severatly beconro due and payable, withoul demand ar notice, or (c) in the eveot each and every the stipu:ations, agreemants, cond~tions and tovenants o~ said piomissory note a~d th~s mwtgage any w e~ther are no1 iu~y, prompiiy a~0 iuiiy periormed, a:unarged, execu~rd. el~rcirt3. twnNirlr~. ~or~~N~~~.i w~i : a.-~d at~de3 :y, shen i:: eE•?:-• a•••• s_••h .wm tFn. s+~d ag gre9ate sum mentio~c~! in said promissory note then remaining unpaid, with interest accrued, and atl monevs secured hereby, shall betome due and pay- able fo~thwith, or thereafter, at the op~ion oi said MORTGAGEE, as i~lly and completely as i( aIl of the sa~d sums of mo~ey were a~ginaily st~p~:a?rd ro ue pa~d on such ovy, any~F~ing i~~ ae:ti pru~n~saory nate or in this h:ori~age ta the cont:ary ^Q.'"::it~'SF3^d:•ng: and tlserev~n or thr~eafte~ at the oot.on of said MORTGAGEE, wirhout not~ce or demand, suit at Iaw w in equ~ty, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnW to ~ts institut~on. 7, That in the event that at the beginn:ng of or at any time pending any suit upon this Mortgage, w to ioreclose it, or to reform it, or to enforce paymenl of any claims he~eunder, sa~d MORTGAGEE shall apply to the Court having jur~sd~U~on thereof for the appointment of a Receiver, such Court shall forfhwith appoint a receiver of said mwtgaged p~operty al{ and singuiar, inctud~ng all and singu~ar the income, prolAS, issves and reve~uef irom whatever seurce derived, each a~d every of which, it be~ng expressty unders~ood, is hereby mortgaged as if specifically set forth a~d deuribed in Ihe g~anting and habendum clsuses hereof, and such Receiver shall have alt the broed and effective funct~o~s and powers in anyw+se entrusted by a Co.irt to a Receive~, and s:;ch appointment shall be made by such Court as an admitted equity a~d a matter of absolute right to said MORTGAGEE, and without reference to the adsquacy or inadequacy of the value of the property mortgaged or to the so~vency or insolvency o( said MORTGAGOR or the defendants, and vhat such re~ts, profits, income, iuues and revenues shall be applied by such Receiver according to the Iien or equity of said MORTGAGEE and the pradice of such Courf. 8_ To dufy, promptly and fully perform, discharge, execute, effect, compiete, compiy with and abide by each and every the stipulations, agreements, conditio~s and covenant: in sa~d promissory nore a~x/ this mortgage set forth_ 9. That in the event the ow~ership of the mortgaged premises, or any parf thereof, becomes vesfed in a person otfier fhan 1Fre MORTGAGOQ, the MORTGAGEE, its wccessors and ass~gns, may, without notice to the MORTGAOR, deal with such iuccessor w wccessw in interest with reference to this r.:ortgage and the debt hereby secured in the same manner as with Mortgagw withovt in any way vitiating w d~uharging the Mortgagori tiabitity herr ~nder or upon the debt horeby secured. No saEe of the premises hereby mortgaged and no forbeara~ce on the pan of the MORTGAGEE or iti successws or assigns and no extension of the time for the payment of the deb~ hereby secured given by the MORTGAGEE or its successors or ass~gns, s~~all operate ro reteate. U~stharge, moci~iy ciwnge or eiiru ~i~e w:y:rai iiauiuiy ui ti~e iw.Ow~vr.v:~,i ~K.e~r., e~...... ,a Y3::. 10_ It is speufically agreed thar lime is of tl~e essence, of ~his contract and Ihat no waiver of any obligation hereunder or uf the oblgaYan sr c~red hereby sha11 at any time thereaiter be held to be a waiver of the terms hereof o~ of the instrument setu~ed herby. 11. In add~?io~ to the forego:ng month!y paym~nts of p.inc'pa7 and inrerest required 6y the prom;ssory nete secured hrreby, mortga~or covenants and ag~ees to aay to mo:tgagee with each monthly payrnent an add~iional sum estimatad by mortgagee to be equal to 1~ 12 of the annuat cosf of the foltow- ing: A-All real propc~ry taxes lev~ed or assessed agai~st thc above describcd real estate. - B-Ptem~u~ns on fire and windstonn jnwra~ce as here~n requ~red to be car~ied on the improveme~ts s~tuate on the above d~scribed premises. j C-Premivms on such mortqage guaranty insvra~~ce.as mortgagee shall from t:me to tirne deem fit to carry on the loan secured hereby_ ~ Mwtgagee shail from time to time notify mortyagor in writing oF the amount due and payable hereundar and :uch sum sha!1 thereupon be d~e and ~ FavaWe On the due oate of the next monthiy payment and each successive momh thereafter urtil mertgagee shatl notify mor~gagor of a chsnge in such E r;; s~ii_l~eappiied-hy.m~t_~~^:P~me~a~_ih=~aymenL~f.teal_~oFecI~laxeL__.insurant~pten?.~3. m~rgag~_guaranty ins_u_rance ~ premiums. _ _ ` IN WITNE55 M/HEREOF, the sald MORTGAGOR has hereunto set his hand and seal the aa and year first afwe~id. \ ~ / ed, Sealed and d ivered in the presence of: ~ j C~ s~ . se h A Volkrin r ~,q ' - t5es0 Bvel T ' Volkrin = ~aq STATE OF FLORIDA ~ ' St. Lucie ~ couNn oF Before me personally appeared Joseph A. Volkringer a~ fiV@l~/II T~ Volkr nger his wife, to me well known and known to me to be the ind;viduals described in and who executed the foregoing instrument, and acknowledged before me that they executed the wme fu the purposes rherein exp~essed. And the said gVB1VII 2 Vot krinpp~ w~Fe of the said .~OSe,~A. VolkrinQ,pr upon a separate and private examination by rn~.t~ceA sdpatete bnd apart f~um her said husband, ackrawfedged to and before me that she e:ecuted said instrument freely and volun- ~ ~ ~ +arily and ~~t~py~y~''tOMpuision, co~straint, apprehension, o~ fear of or from her said husband. r~ W~TN&,Sa bY F~'spd.offitial seol this 6th day of ~pt~~r A_ D. 19~ - ~ _ . 1 ~ .l.f~. . ~ • ' ••'t•~ _ _ - _ _ _ . _ - - - - - - - _ ' _ ~ ' 'r-----.-~ • ~ - - - - - t~ 3~q~ A R-" -~Notary Public in and for the te of Fbrida at large - . - - J ; - ~ My Commission expires: - P~ri~~ Flf1eF,1 ~Sa~v'e~~~ ~sn Association . ~'-"e,~ ~ s~ ..~r9~~~i~QC'- Ne+o.y r~~~Ge. Stote of Morido ef Lof~ ~ ^ fort ~otula N?y Commiuion E:ptns OA. 30, 19' ~ • .~i~ ' ~ee?ded b~r Amnriean Fue 6 Cosuoltr C. ~ _ ; ;....,~.17 ' ' ~ F~~Ep ~,NQ RECQRDEO , • ~ Tfiis tnstrument Prepared By J~ H. RobeYts ~ JY. ST. WC~E COUMTT fU• ~ ~ First Federal Savin s& Loan Associafion ROC~R F~~T~AS of Fort Pierce ~~E~K "~?CWt COURT ~ ~ • ~ Florida RFr~}R!~ VF~~FIED~- ~ Checked By ~j ~ S~ ~ 3 3~ eH ~ ~ooK218 PAGf~48 ~ 263214 r~~~ - ~ ' dz . . _ . _ - - = r ~t_~ - ~_x~