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To place and co~~nnuo.~s~y keep on the b~i'd~ngs no~r or t~reaiter ~~t~aie on sa~d ~and and on al! equipment and pe~sonalty covered by this mo~tg- age, with all premwms ~hrreon pa~d +n 1~11, fre i1lSUfd~1CC in ~he us~oi sr~~~dord poLcy fo~m, in a s~~n ayprored b~ the h10R~v~ZGfE, a d w~~+Js~orm ~ns~rance in the usua) s~andard pot.cy fo~m, in a a~m aFproved by the MORiGAGEE, in such co~npa~~y o~ con,panles aa the ' h~ORTC,AGEE mey duect; and all lire and w~nclstcrm insurance polic~rs on any of sa~d build~ngs, any inferest there~n or par~ therrof, in ~he aggrego~e s~n~ ato~esald oi in excess thereof, shall contain the usual standard ~no~tg.~gee clause a such othcr ciause as 1he Mortgagea may reyu.re, mok~n9 ~Me ~oss u,~Jr~ s~~d poli- nes, eath and every, payab'~ to sa~d A10RIGAGEE as ~~s u~t~rast may appear, and each and e~cry auth pui~c/ sF~all br pron,~:tiy ass g~~rd ard drG~er~•d ~o eny F~Id 6y said MORIGAGEE as furiher securi~y ro said mo~tgaye d~bt, and, no~ Iess ~Fwn ?en (10} days in ad:ance of the expue~~on o1 eacfi put~cy, to dr Ine~ to said MQRiGAGEE a renewal thereof, toge~her with a ~rceipt for the prem~um of suth rcnewal; and ~hrre shall Le ~w Lre or w~~'~astu•m inewa.+ce pfaced on any of said buildings, any interest ~herein or pait thereoF, ~nless ~n the form and with ihe losa payable as a(oreseid; and in the evaN any sum of money beca*+es payahle undrr such pollty or pof.cies said MORTGAGEE shall have ihe op~~on to rrce~ve and apN!y the sa-~ie on ~ccouni o( the indui,~rd- ness secured he~eby or to perm~t said MORTGAGORS to recaive and use it a any pirt rhrreof ior o:~~~•r p~~;+os~•s, ..:i+~o~:t ~h u~~•~N..~~• ing any equity, Gen or right undrr or by vi~tue of this mo::gage; and in ~he even~ ca~d MORTGAGORS sha}I fo~ any reason faif to kecp ihe sa:d prem~s:s so msured, or iail to del~ver prom~tly any of s:~~d poGcies of insurance to said MORTGAGEE, o~ fail promNtiy to ~~ay fu:ly any prrm~um ~h~rrlor o~ in any ~ +e~pect fail to periorm, dinchaige, ea~cute, effrct, compirt~, ca-nply with and abide by th~s covenant, or any pa~~ hareoi, sa~d MGRTGAGEE may p~ace a~~tl pay for svch insuronce or any parl thereof without wa~ving or affecting any option, lien, equ~iy, or r~gh~ u.~drr or by virtue of this htortgage, and thc f~l; amount of each and every such paymem shall be im~nediately due and pa/able and shal~ brar interest irom tha date thcreof v~~til p~~d at the rate ol . n~ne per cen?um per annum and tu~cther v~nh wch inte~est shall be sacured by lhe lien o( thil mortgage. 1. To permit, commit or su(fer no ~naste, impairment ot deterioration ol sa:d property w any part thereof. 5. To pay all and singutar the costs, charges and expenses, ~ncluding a reasonable attorney's fee and costa of abstracts oi tif!e, incurrrd or paid at eny time by said MORTGAGEE, because or in the event of the fa~iure on ~he part of the sa~d MORTGAGOR to duly, pro^~ptly and futly perform, d~uharge. .~ccute, effect, ce~nplete, comply wuh and ab:de by each and every the stipulanons, agreem2nts, cond~tions, and covenann oi sa~d pronussory note ar.d thii ~,orrgage a~y or ei~her, and sa d cosrs, charges and expe~ses, each 5nd every, shall be immediately due and payab~e; wh~~ther w not there be not~ce d? mand, atrempl to collect or suit pend:ng; and the full amovnt of each and every svch paymen~ shall bear imrrest trom ttx date ~hereof umil pa~d a1 thc rc oi nine pe~ Ctnturn per an,~;;:n; .,ud ell said cos~s, chergas a~.d expcnses incurred w pa~d, togother w~th such ~me~~st, shall be secured by ~he lien of th~s mortgage. ~ 6. Tha1 (a) in the event of any breach of this Mortgage or defaul~ o~ the pa~t of the MORTGAGOR, or ;b) en the event any of sa:d sums of money here~n reterred to be not pro+nptly and fully paid w~thin Ih~rty (30) days nexf af~er ~he same severat:y becocie due nnd payable, without demand or nohce, er ~c) in thr evero each and every the stipuiar~ons, a9reements, conditioos ar.d covenants of sa.d prom~swry noie and th,s nwrtgage any or e~ther a~e no~ ~uly, promptly and iuny performed, d:scharged, ezecuted, eifected, canp;eted, compiied with and abided Sy, ihen in enher or any such event the sa~d ag gregate sum mentioned in said prom~ssory ~ote ~hen re.naining unpaid, with interest accrued, and a11 moneys secured hereby, shall become due and pa~r- at,;e forthwith, or thereafter, at the option of said MORiGAGEE, as fu~ly and comp:etety as if ail of the sa~d sums of money were ongina~ly st~puiatrd to be ~:d on wch day, anything in sa:d p~o:n~sscry note or in this Matgage to the conrrary notwithstand~ng; a~d thereupon or thrreafter at the opuon of s>~d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore o: thereafter beg~n, may be prosecuted as if all moneys secured hereby n.:d matured pnor to As institutio~. . 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to fo~edose it, or to reform it, or to enforce ~iyment of any claims here~nder, sa~d MORTGAGEE shatl apply to the Co~rt having ~~risd:ction thereof fw the appomtmeM of a Reteiver, wch Court shaH rorfhwith appoint a receiver of said mortgaqzd p~operty all and s~nguiar, inctud.ng ail a,~d smgutar the income, prohts~ issues and revenues irom whatever s~ ~rce drrived, each and every of whlch, it be:ng expressty understood, is hereby mor~gaged as if speuf~caily set forth and describad in the 9rarnting a~d h~oendum clauses hereof, and such Receiver shall have all the broad and effecrive fu~~c~•ons and powers in anyw~se entrusted by a Cou~t to a Rxeiver, and s~:h appointment shali be made by wch Co~rt as an adm;tted equity and a mauer of absoi~te righf to said MORTGAGEE, and without reference to the -ciequocy or inadequacy o( the vaiue of the property mortgaged or to the so.vency or ~nsotvency of said MORiGAGOR or the defendants, and that suth e~is, profits, income, issues and revenues shall be applied by such Receiver accord~~~g to the lien w equiry of sa~d MORTGAGEE and the prectice of such Court. - 8. To duly, prompt!y and fully perform, discharge, execute, eifect, complete, cornply with and abide by each and every the stip~lations, agreements, cor,d~+ions and covenants :n sa~d promissory nore and thls mortgage set forth. 9. That in the event the ownersh~p of the mortgaged pren,ises, or any part thereof, 6ecomes vested in a pe~son other than the AM1ORTGAGOR, the : ~RTGAGEE, its successors ar.d assigns. may, w~~hout notice to the tdORTGAOR, ~aI wSth such successor or s~cceesor ~n interest wiih reference to this ~ro•~gage and the d_ut hereby sxured in the same manne~ as with Mwtgagor without in any way vitiating w diuha~ging the Mortgagors' Iiabilfty her~ ;;r.der or upo~ the debt hereby secwed. No sa!e of the prem~ses hereby mortgaged and no forbearance on ~he part of ~he IAORTGAGEE or its successws o~ assigns and no exte~sion of the timr for thr payment of 1he debt hereby secured g~ven by the MORTGAGEE or its s~ccessors or ass~gns, ahaq operate ~e re!ease, d~scharge, mod~fy cFiange w a4fect the ong~nal Iiab:L•ty of the MORTGAGOR herein, either in whole or in part. 10_ It is spec;fically agreed that time is of the essence ~f this contract and that no waiver of any obligat~on hereunder or of the obligation se- c~red hereby sha!i at any time thereafter be hc'd to be a wa~~er ef the terms hereof w oi the instrument secured he~by. ' I l. la add.r;on to the forego'r.g month!y pay~r~nts of pr:-:c ;:a? and interes~ required by the prom~ssory no!e secured hereby, mortgagor covenants +~d agr:es~to pay to mortgagee wnh each month~y pay~ ~ent an au:l~~.onal sum _es~~^:ated by mortgagee to be equa~ to 1." 12 of the annual cost of the foliow- A-AII real proprrt~ taxas iev~ed or ass~ssed aga~•~st thc above dcsvibed reat estate. I B--F(,:T.!:l'~~S on f~re and wh,dsrorm ins~.,rac~e as nerc;n ~eq~,~ed to be ca~r.cd en the :mproveme~ts s~t~ate on the above d_scr.t;ed premises. _ ~ C-Premi~r*•s on such mo:tg,ge g~aranty insv:ar.ce as mo•tgagee sha~! fre+r t"me to time deem fit to carry on the loan secure~ hereby. ; Mortgagee s~a~l from ~~me to rime ~oi~f~ m.ortgagc. ~n w.~t~ng of ~he a-r~o.~~t d:,e and payable hereundar and such s~T shall thereupon be due and• ~ .~.able on the due data of rh> next month:y paymenf and each wccessive mo~tn the.eafrcr ur,tii mo~tgagee shall not:fy mor.gagor of a change in such ~ o•int. $~ch su~r:s sha:t be app`.icd by mortgay._e ru+.ard the payme~t of real prope~ty taxes, insurance prem:ums, and mongage g~aranty inswance ~ ^:iums. ~ IN ~,IITr~E55 '.tiH:RiOF, the sa~d h10RTGAGOR has hereunto set h~s ha~:d and seal the day and year first aforesaid. 5~ , Seated and delivered in the presence of: ~ ! ¢ ~~t C: . .-<.r- ~ a~ ($eat) g Q ia ry .~ubba rd ~~a~~ A (5eaq ~ ~ ~ - t5eaq s STATE Of fIORIDA 1 Sti • L11C~A ~ ~ ~ : JUNTY OF - ~ ~ Before me personally appeared 'ary C. F+ubbard, c3 W1CjOW ~ _ ~MlW~to me well known and known to me to be ' ~ rh: ind~vidual described in and who executed the foregoing instrument, and acknowleoged before me that he executed the same for the purposes ~ therein expressed. ard~i~.w~J .~..i~ ef-~irr eeid vpw +s~r~t~ ~~4.p?+ru~e ~ :t~m~ai~Gn.bY ~takeniaparas~and~pac~~f~.JaQ~aa:d.iwfb.n~~xM.+ru.i.dg.d~~.nr-b~f.retwe~i~~F~e~~cM~se~dw~a~ren~e.~rf.ee~r-en~.ok,n- ~ LaL~Y ~ad.~~lhoul ~or camw~:sm~ lun~+~si~c. or.f~ 4t o.-f.ow,_h..a+~ ~rs~e.~. Octo r 73 WITNE55 my hand and affEc;al seal this--~ day A. D. 19 FILED AtiO r~ECORDEO ~ I ST.lUC1E COUMTY fLA. Notary Public in an or t tate of ida at large ~ ROCEA POITRAS ' My Commission expires: Rer~~n 70: CIERK Gi:~CJIT COURT _ First Federol Savings S loan Associat:oRE~ORO YEp~FiEO `~~,t p} ro,t P r.ce. n ^ NOTF~RY PL'3' STSTE ef fLO~IDA et LARGE _ Fort P~.srce. Flor~~a ~ I Y M ~ }.'Y f%:~'d; . ~ . . . "CC. i^. :'_'~i r V ~wf ^ . . f~/~~~~J'~; " . ~ i . ~ . ~ _ ~ . _ . ~s. w~ • \ . . ~ ~ This Instrument Prepared By John I~.Collins , ~ First Federal Savings 8 Loan Association 3= of Fort Pierce~ ~lorida - J J • ~i ~an - Checked By - ' ~ t ~ L ~ ' - _ . ; . ~ 0 R~~ PAGE J~ .~f'~`~'a;-°` js - 8U0:( ~ } - - - - ~ - -