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To piece and continuously keep on the bu1!dings now or hereaftea ~~tuat~ on said I~nd and on eli equ~pmam and personaily covered by this matg- a9~, with all prem~umf thercon pa~d i~ fuil, fire insurance ~n the usual standard poticy form, in a sum approvad by the MORiGAGfE, and w~~dstorm insur~nc~ in tM usual srandard pol~cy fam. in ~ sum approved by the MORTGAGEE, i~ such tanpany or companies a~ ~M MORTGAGEE m~y direct; and ~II tire and w~ndstorm insurance poticies on ~ny o( said build~nys, ~ny intere~~ tF~erein or part thereof, in Ihe ~gg+e9ate sum ~laesaid w in exce~s Ilureof, tMll coma;n tM usual s~andard matgagee clause a such o~her claus~ ss Ihs Mor~pages mey requh~, ma?ing the lou unde~ sa~d po~i- ciei, each and every, payabl~. to said MORTGAGEE as its intereit may appear, and e+ch end ~very such policy ihall be promptly ass.g~cd and detivered to any held by said MORTGAGEE a~ fu~~her ~ecurity lo uid mwtyage debt, and, nol leu than ?en (10) day~ in advance of the e:p~ra~ion oi e~ch polity, to da liwr to said MORTGAGEE • renewai thereof, topethe~ with a ~ece~pt fw Ihe premivm of tuch renewal; and there shall be no f~re or windsrorm ins~ronce plx~d on ~ny of said buildings, any imereif 1M~ein p psrt thereof, u~less in the form ~nd wi~ti tM loss payable as afwes+id; and i~ the ev~nt any sum oi money bccomei peyable under such policy w policies said MORTGAGEE shall hsve the option to receive and apply the same on accounl of Ihe indebted- neu tecured he~eby w to permit said MORTGAGORS to receive sr.d us~ it or any part 1Aereot for other purposes, without th~r..b~ wai~ing or ~„~pa~r- ing any equity, lien w~ight under or by virtue of tFi~ mo:'page; and in the eve~t wid MORTGAGORS thall (w sny reaton fail to keep the said p~emises so -:.s=', t- `-s! !A deliver prompHy a~y of said policies of insurance ro sa~d MORTGAGEE, or fail promptly to pay fu11y any prcmium thercfor a in aRy reipect fail to perfwm, d~scharge, eaecuts, etted, comp~ete, comply with and abide by this covenant, w any part hereof, uid MORTGAGEE may place and pay fw such insurance o~ a~y part thereof without waiving w affec~iny any opt~on, tieo, eqviry, or right unda or by virtue of Ihis Mortgage, ~nd the full amount of each a~d every such payment ti+all 6a immediately due and payable ~nd ~hall bear interest from the date thereoi un~il paid at tM rote of nine per tentum per annum and togelher with such ir.teres~ shali be secured by the lien of this mongage. 1. To permit, commit or suffer qe wasfZrtmRairment o~ deterioration of said property w any parf thereof. 5. To pay ell and sinpular the coats, charges and expenses, including a reasonable aitorney's and costs of abstrads of titte, incurred or paid ar any time by said MORTGAGfE, because o~ in the event of the failure on the part of the said MORTGAGOR to duly, promptly snd fully perfwm, discharqe, execute, effect, complete, canply w~th and abide by each ~nd every the stipulat~ons, agreeme~ts, conditions, a~d covenants of said promiswry note and ihii mxtyage any or ei~her, and said costs, charges and expenus, each and every, shall be immedutely due and payabte; whether or not there be notice d~ mand, attempt to coltcct w wit pending; and tM full amount of each and every svth payment shall bear interest from the date thereof until paid at the r~te of nine per centum per annurn; and ail said costs, charges and expenses incurred w paid, Iogether w~th such interest,•~hall be secured by the lian of thii mortgaye. ~ 6. That (a) in the event of sny breach of this Mortgage or default on tM pa?t of the MORTGAGOR, w(b) in the eveM any of sa~d sums of money her~in refe~red to bs not, pramptly and fully paid with7n ihirly (307 days neicl 3ftlr tt~e same-severatfy become due snd payable,-witF+out-dwnai+d or-t~otice, or (d in the evem each and every the stipulatiau, agreements, conditions and Covenants of-said p~emissory note snd 1Ms mortgsg~ any oe ei~her are not iuly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed with and ahided by, then in e~tF?er w any such event the sa~d ag gregate sum mentaned in said prom~ssory note tfien remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and ps~ able forthwith, w thereaiter, af the option of said MORTGAGEE, as fully and completely as il all of the said sums of money were or~ginaily a~~puiated to be pa~d oo such day, anything in sald prom~siwy note or in ~his Morfgage to the contrary notwithstand~ng; and thereupon w thereafter at the opt~on of sa~d i~nOKiG:+vcE, w~~iw~i :.:.:::a a: demand, suit at law w in equity, therofwe or thercaher begun, may be prosecuted ~s if all moneya secured hereby had matured pr~u to its institution. 7. That in the event that at the beginn~ng of or ~t any time pending any :uit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE sha~l epply to the ~ourt hsving jurisd~ction thereof fw the appointment of a Rece~ve~, such Court shall Forthwi~h appoint s ~eceiver of saEd mwtgaged property all and singular, includ,ng all and singular the income, prol~ts, iuucs and revenues from whatever w~rce derired, each end every of wh~Ch, it being exp~essly unders+ood, is herrby mor~gaged as if specilically set iwth and deuribed in the granting and haberxlum ctauses hereof, and suth Rcceiver shall have alt the broad and effective funct~ons and powers in anywise entruated by a Court to a Receiver, and s~ch appointment shall br made by such Court as an admitted eqvity and a matte~ oi absolu~e right to said MORTGAGEE, and withou~ reference to the adeqvacy w inadequacy of the value of the p~operty mortgaged or to the so~vency or insolvency of said MORiGAGOR or the defendants, and that such rems, profite, income, iuues and revenues shall be apptied by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, p~omptly and fully perform, discharge, execute, etfect, compiete, comply w~~h and abide by ~ach and every the stipulations, agreements, con~itana and covenants ~n u~d promissay note and this mortgage set fath. 9. Thif in the event the ownership of the mwtgaged premises, or any parf thereoi, becomes vested in a person other thart the MORTGAGOR, the A10RTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with iuch successor or successor in inferest with reference to this mortgsge and the debl hertby setured in the same manner as with Mortgaga without in a~y way vitiating w dixharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeararxe on the part of the MORTGAGEE w its successws or aasigns and no exrension of the time for ihe payment of the debt hereby secured given by the MORTGAGEE or its suctessors or auigns, shall operate ~o release, d~scharge, modify change w affect the org~nal I~ab~l~ty of ~he MORTGAGOR herein, either in whote or in part. 10. It is speclficalty agreed that time is of the essence of this contrect and that no waiver of any obligat~on hereunder w of the obiigaYan se- c~red hereby shall at any time the~eafter be hetd to be a waiver of the terms hereof or of the instrument sec~red herby. 11. In add:tio~ to the forego;ng mo~thly paymems of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to moctgagee with each monthly payrnent an add~~ional s~m estimated by mortgagee fo be equal to 1~12 of the annual cost oi the foNow- ing: ~ A-All real property taxes le.ied or assessed against thc above described real estate. B-Premiums on fi~e and windstorm insurar.ce as herein requ~red to be carried on the improvements sitvate on the above described premises. C-P~emivms on such mwtgage guaranty insurance as mortgagee shall from time to time deem fit to carry o~ the loan secured hercby. Mortgagee shall irom time to time notify mortqagor in writing of the amount due and paysbk hereunder and such wm shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgegor of a cha~ge in such R araouiu. .-Sucb-sums sl~3l1- 6e app5ed 6y motipdaee_toYt~!d th~_ payment of real__ property tazes, insurance prem:ums, and morigage guaranty insurance _ - ` premwms. _ . . _ . - - t tN WITNESS WNEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yesr first sfwesaid. ~ Signed, Sealed and delivered in the p?esence of: ~ { ~ _ • -(Seal) (Seaq ~ - (Seal) ~ ~Seal) z y STATE OF FLORIDA ~ SS. COUNTY OF St . i-UC lB Befwe me peno~ally appeared John Stllpl@V and ~ Sheila Shipley his wiic, to me well known and known to me to be ~ the individua{s desuibed in and who exec~ted the foregoing instrument, and acknowledged before me that they executed the same for the p~rrpous ~ Sheila Shi le rherein expressed_ And the said p y ~ w~fe of the said John Shipley upon s separate and private ~xaminstion by me taken separate and apart from her ssid husband, stknowledged to and befo.e me that she executed said instrument freely and volvn- ~ farily and without any computsion, constraiM, apprehension, or fear of or from her said husbnnd. ~ WITNE55 my hand and official seal thi~ day of August p 19 73 ~ 'L ~ FILEJ ~MC^N ~ ~ . $T.IUCiE ~~3NjY l• Notary Pub~ic in aod for the S?ate o~-Floridstt•~i~l/~~N ~ , ; R'vvEk POf1RA5 My Comm~u~on expires: v`l «S . !/.j~. . ~ Return To: CLErK ~i~ :::l~ GOURT 1 :~~,..:d.~~~J~ First Federal Savings d. Loan Associatio yERt:IE~ ~ ; 6' `~tEC4~~ ' ~ J y O( Fort Plerte. t ~ c~: • nf ~L(:': n.~i.~i~ ~-v ~ Fort Pierce, Florida 3 33 QH Z3 ~ _ ~ ~ / ~ ~~1 ~ Q y +'r, ' ~ 20 26415 - _ _ , . _ . _ . . ;.~o•~~ = . ~ : q 3 .:Q~~:• • =r_'- This tnstrument Pre ared B y P Y Richard K. Kayes ~ CT~Tr' dF ~ First Federal Savings 8 loan Association ~ ,.~.~i:~ti of Fort Pierce~ Florida? ~ Checked B ; =x ~ ~~~x~~8 PAGE25~~ . ~ ~ ~ , ~ - - - - - ~ - - ~ ~ . :