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To place and conilnuovsly keep on the bu~!d~ngs now w hercaftar ~~tuate on se~d lu+d and o~ all equ~pmen~ and pe~sona!~y covered by this matg- ~g~, with all premiums Ihercon pa~d in futf, fire inauronce in the uswt standard polity form, in a sum approvtd by the MOR~:3AGEE, and w~nds~am in~urance in the usual itanderd pol~cy iorm, in • sum approved by the 1NORiGAGEE, in sucA tompany o~ companies e~ thQ MORiGAGEE may dirtcl; ~nd a1) fire and wi~d~torm i~~urance polK~es on any of said build~n~s, ~ny interest therein or part /he~eo(, i~ the agg~ega~e tum aforesa7d or fn ~xceu thereot, shaN cootain ~he uswl s?anda~d mortgagas clause or such otM~ tlaus~ a~ 1he Matgegee may requ~re, making the loss undrr sa~d polf cias, e+ch and every, payable to said MORTGAGEE as ~~s ime~eit may appear, and each and eve~y such pol~cy shall be promptty ass gned and detive~rd to •ny hetd by said MORTGAGEE as tu~~her security ro ssid mortgage debt, and, no? ks~ ~han ten (10) days in a~vance of ~he expirat~on of each pol~cy, to de- live~ to uid MORTGAGEE a ~e~+ewal thereof, together with a rece~pt fo~ the p~emium of such ~enewal; •nd ihere shall be no I~re or w~ndsto~m insurance pIKld Of1 My o( said buildings, s~y intereit thmein or part thereof, unleu i~ the (orm and wi~h the loss psyabte as aforesaid; and i~ /he event any sum of monsy becomes payable under such policy a polK;es 3aid MORTGAGEE ihall Mve ths op~~on to receive a~xl apply thr same on a~count o( the indrbted ~eu ~ecu~ed hereby a to permit said MORTGAGOR$ b reteiva and use it w any part thereof for o~ncr NurF~oses, .v~~hout th_.~ u~ watvi>>g or ~mpdm in9 +ny equity, I~en or r~ght under w by virtue of rhis mo:tyage; and 'en the event ss;d MORTGAGORS ahall (o~ any reason fail fo keep ~F~e sa~d prem~srs so ~~su?ed, pr fsil b deliver promptly any ot said policies of insu~snce 1o said MORiGAGEE, w fai~ promp~ly to pay 1u11y any pre:ni~m the:efor o~ in anY rospec~ (ail ro pe~fam, discharge, execute, effect, camplete, comply wi~h and abide ~y this covenanr, u any pere hereof, said MOR1GAGfE may piace and pay for tuth insurance or any part thereof without waiving or ~ffecling any option, Iien, equity, or right under w by virtue of this Mortgage, and tht full amount of each and every such paymenl shall be immediately due and payable and,shall bear intereat from ~he date thereof until pa~d at the rare of ' nine per cenrum pet annum and fo~ether wirh suth inte~est shall be securtd by the li~n oi this mwtgage. 1. To permit, commit ot suffer no waste, impairmeM w dete?aration of said property o~ any part thereof. 5. To pay all and sir+p~lar the costs, charges and expenus, including a ~easonabfe attwney's iee and costs of abstracts of t~?le, incurred or psi~ at any time by ~aid MORTGAGFE, because w in ~he event of the failu~e on the parl of the said MORTGAGOR Io duty, promptty and futly perform, d~uharge ezecute, effen, complete, comply w~th and ab~de by each and every tF,e stipula~~o~s, sgreemems, cooditio~s, and covenants of u~d prom~ssory note and ~his mortga~e any ar ei?hcv, ar.d sa~d cosn, charges and expenses, each and every, shaN be immediately due and payaWa~ whahos or no! there 6e notice .d~ mand, anempt to cottect or suit pend~ng; and the fuit amount of e~ach and every tuch payrrKn? s1~a1! bsar in~er*st from ~hs date thereof until paid_at the rate of nine por centum per annurn; a~~d all said costs, charges and experses inturred or paid, together w+th tvch in~erest, shall be secured by the lien of this mortpags. 6. That (a) in the event of any breach of th~s Nbrtgage w defautt on the part of the MORTGAGOR, or (b) in the event any of satd sums of money herein ?eferred to be not prompfly and futly paid within thirty (30) days ~eat after the same seve~ally become due and payabte, without demand w nofice, or in the evenf ea:h and every ~}x stipulatio~s, agreements, co~d~tions and covenants of sa:d promissory note and th~s mortgage any or either are not ivly, promptly +nd iu!!y peafwmed, d+scharged, executed, effected, completed, complied with and abided Sy, then in either w any such event the sa~d eg gregate sum meMioned in said promissory nore then remaining unpa~d, with i~ferest accrued, and a!I moneys secured hereby, shall become due and pay- able fo~thwith, w thereaifer, at the option oi said MORiGAGEE, as (ully and completely a~ if al! of the said sums of monoy were orlginafly stipulated +e b• ti:d e~K6 dav anvM:no .n sa:d orom~ssory nme o~ in this Mortoaoe to the contrary notwithstand~ng; and thcreupon or therea(ter at the option of said MORTGAGEE, without not~ce or demand, suit at !aw w in equ~ty, therefwe or thereafter begun, may be prosecuted as if all moneys secured nereby nad matur~d pr,or to ~ts inslitution_ 7. That in 1he event that at the beginning of or af any time pending any suit upon this Mortgage, w to foreclose it, o? to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jur~ad:c~ion thereof for the appo~nfinent of a Receiver, such Cour1 shall forrhwifh appartt a rece~ver of said mor~gagad propzrty all and singular, includ,ng all and singular the income, protits, iisues and revenues (rom whatever source derived, each and every of wh~ch, it be~ng expressly underseood, is he~eby mortgaged as if specificaily set forth and deuribed in the gran~ing and habendum clauses hereof, and such Receiver shall have all the Moad and effective fvnct~ons and powers in anywiu entrusted by a Covrt to a Receiver, and s~:ch appointment ahall Ee made by wch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, a~d withoul reference to the adequaq a inadequacy of the value of the property mwtgaged or to the so:vency w insotvency o( said MORiGAGOR p ihe defendants, and that such rems, profirs, income, iuues and revenue~ shall be apptied by such Receiver accord~ng to the lie~ or equity of said MORTGAGEE and ihe practice of such CovA. 8. To dv1y, promptty and fully perform, d;scharge, execute, effect, comple~e, comply wirh and abide by each and every the slipu~ations, agreements, conditions a~d covenants +n said promissory nore and th;s mwtgagr xt forrh. 9. That in the event the ovvnership of the mortgaged prem;ses, or any parf thereof, bemmes vested in a person other than the MQRTGAGOR, the N!pRTGAGEE, its successors and ass~~ns, may, w~rhout notice to the MORTGAOR, deal with such successa or successor in interest with reference to this mortgage and the debt hereby secured i~ the same manner as with Mo~tgagw w~thout in any way vitiating or d~stharging the Mortgagors' liability herr under u upon the debt hereby secured. No saie of the premises hereby mo~tgaged and no forbearance on the part of the MORiGAGEE a its svccessors or assigns and no exre~sion o! the ~ime fw the paymem of the debt hereby secured given by the MORiGAGEE or its successors or auigns, a5al1 operate to release, d~scharge, modtfy change or affect the original lia6~l~ty of the MORTGAGOR herein, either in whcie or in part. 10. it is speufically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- cured hereby shall at any lime thereafter be held to be a waiver of the terms hereoi w of the instrument setured herby, 11. In add~tion to the iorego ng month!y paymems of princ'pat and imerest ~eqwred by the promissory note secured hereby, mortgagar covenants and agrees to pay to mo:tgagee w~~h each month:y payrnent an ad~irional sum est,mated by mortgagee to be equal to 1. 12 of tl~c annual cost of the follow- in~: . ' A-All real property taxes levied or assessed against thc above descri6ed real estate. - - - - - : _ - -Fremrums on fire and windstorm ir.surar.ce az herein requ~re to ca~~ied on the improveme~ts 3ifvaTe 06-th~ atsove d~zcribe~prernises;---- C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. Mo?tgagee shail ~rom t~me to time notify mortgagor in wr;t~ng of the amount d~e and payable hereunder and such sum shall there~pop !(e uA~and rayable on the due date of the next month:y payment and each successive month thereafr~r ur,tit mortgagee shall nofify mortgago~ :i,~titl~~in ~y~. amount. $uch sums shaii be appiied by mortgagee toward the payment of real property taaes, insurante prem:ums, a~xl mortgage guaraptyk,;nayf,inc~ premiums. , • ' - 0. c. IN Y~ITNESS NHEREOf, the said MORTGAGOR has hereunto se~ his hand and sea! the day and ye first afwesaid. '~_y~ Signed, Seal and livered in the presence of: . - c? - ~~.a-x,c_ ~ `1,~_4 a ~ ~1~~ ~ , ~ `v a: ~ F Witness Nanc L. Saith ~a` s 1~ 1 v i~t " ~ '~--~3 , Seea~ - (Sea~ STATE OF pela,ware ~ S11SS@X couNrY oF ~ Befwe me personally appeared 1'~aaey L. Ssith, a single adult , to me wep known and known to me to be the individuals dexribed in end who executed the foregang instrument, and ackrwwledged before me that they executed the same for tFx purposes therein expressed. ~ 1 • ~ `j WITNE55 my hand and official seal this ~ day of Septesber \ ~ ~ l•l.: S' ,q~,~19 73 1f+t~t-A-~-et ~ ~ ~C~i.C ! ~ ' . ~ . - " Notary Public in and for 1hy.lfet f- st t~rge~. My Commission expires: : b~lawarer - Rltum TO: N ~ ~ ' . ~ C~ J ~ ~ ' Fint Federsl Savings d. loa~ Association r ~ t~~ ~ Z'1`y',\ ~ Of Fort Pierce. _ ~v~c~,.~a,,;_~. ~4 . Fort Pierce, Florida , r~? ~ ~ i11E0 tiMi REGOROED ~ ST. LUC~E LOUNTY FI.A. ~ This Instrument Prepared By Ga=y F. E1ltrood ROv=' TRAS ~ First Federal Savings & loan Association C! EFK C~- :iJ'' COJRT of Fort Pierce °Fr'?: ;Ei~ "iEv , Florida Checked By S~ $ S2 ~N ~~3 so x 21$ P~E23 639'72 ~ 2 _ sb ' : ~ T ; ~ , . , r_, r