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To plece a~d continuo~sly kecp on the b~i:J.ngs now or 1~erao(ter s~iuete on sa~d land ar,d on a!1 cquipmrro and personally corcrrd by ~h~s mor~g- ags, with all prem~umt Ihrteon E:a.d in full, f~rr insuiancv ~n the usual sterdard pol~ty (ofm, in a sum aHpro.ed b~ Ihe ~dORtG..GEE, a~ d v.~~~d:~orm ~nsurance in the uwal t}.tnda~d poLcy fo~m, in a sum app~oved by ihe MURTGAGEE, io ~uch company or cc~~pan:es as the htOk'GAGEE may d~rect; end all lire and w~ndst~rm ins~ranta {wl~cies on any o( sa~d bu~ld~nga, any interest therein or pm1 thereof, in the aggrega~e s~~~~ sfwesaid or in exce~s thrreof, sFwll ;onuEn ~he usval sra~:do~d mo:~yagre c~ause w such o~her clauss as the Mortgagee May requ~re, making the icss unJe~ s~~d poli- ues, each end every, payab!e to said A10RiGAGEE as ~~s u~ter~~t may appear, and each and eve~y such poticy ~?~all be promptly ass g~~rd a~~d dcGvar.rd ~o ' any held by se~d htORTGAGEE as furthe~ setu~ity ro said mar~gage d.:b?, a~~d, nor 1es~ tnan ~en (10) days in advance of the expira~~on o( each po~Ky, to de- liver to ssid MORTGAGEE e renewal thereof, together with a rece~pt fo~ the pram~urn of iuch renewal; and thrre shail be no f~re or wu~dsrorm ins~rante plsted on any of said bvildin9s, any interest there~n w part thereof, vnlesa in ~he fu~m and w~th Ihe los~ payak,le as aforesa~d; a~d in the event any sum ~t money becomes payabte under such po~icy w polic~es said MORTGAGEE shall have ih~ opt~on to receive and apply ~he se~ne on acco~~~t of ihe indcbted- neSS secured he~eby or to pt~mit aaid IAORTGAGORS to receive and us! if W any part the~eof 'tor oincr Fur~ cars, :.~~ho.:t iha. e,, r.~.~ c~ ~n•N..~~- ing any equ~ty, li~n or right und~r w by vir~ve of this mortgage; and in the event sa~d MORTG~GOR$ ahaU fot any ~eaion (ail to keep ~hr sa~d pre~n~~as so infu~ed, w(ail 1o deliver promp~ly any of said pohcies of insurarxe to said MORiGAGEE, or f~il promptiy to pay fui:y any pre~»wrn therefu? or in any resped fail ro per(orm, dncharge, execure, effect, co~uptete, comply with and abide by this covenan?, or any part hareof, so~d MURiGAGEE may piace a•~o • • pay for such inaurance o~ any part thereof w~thout waivirg or affedirg any option, lien, equity, or ri9h~ under or b~ virrue of ~hia l~~atgage, and ~hc f~il amount oi each and every such paymant shell be ~mmedia!ely due and payable and shall b~ar iNerest hom the date ~hereof unul puid at the rate of n~ne per cenwm per annum and ~o~riher with such ~ntereu shali be sccured by the lien o1 this mortgage. 1, io permit, commit w suffer no waste, impairment or deter~oration of said property w any part thereof. 5. To pay all and sing~tar the costs, chargts and e+epensas, ~ncluding a reasonable at~orney's fee and costs of abst~acts o1 fitle, incurred w paid at any time by aa~d MGR~v:.v:i, i~ecauit w~n t.'.z evem of the fa~lur~ on the pari oi the said MORTGAGOR to duly, pro:~,p:Iy and fu~~y perform, d~scharge ~xecvte, effecl, tomplete, comply w~th and ab:de by eacfi and every the stipulat~ons, agre~ K:ts. :::-d'e!e!u+a, and corenonts of sa~d pran~ssory note and ihif .nortgage any or ei~her, and sa:d costs, charges and expenses, each end every, shall be immediate~y d~e and payable; whrther or not th~re be nof~ce dr ;nand, atte~npt to collect or su~t pend~ng; and the full anwunt of each and every such payment shall bear interes~ from the date thereof until pa~d at the r:~re o~ nine per c~mum ~-_r an~~um; a~c: ail said cosrs, charges ar.d expenses incurred w pa~d, together w~th such interest, shall be secured by the f~en of Ih~f mortgi~e. 6. That (a) in the event of a~y breach of this Mortgage or default on the part of the A10RTGAGOR, or (b) in the event any of sa:d sums of money herein refe~red to be not promptly and fu~ly paid within ~h~~sy l30) days nexr after the same severally become due and payable, w~thout demand or notice, or (c) in the event each and eve.y ~he stiputat~o~s, agreements, cond~s~ons and covenants of sa:d p~omissory note ard th~s mo~tgage any or either a~e not ~uly, promptly and f~lty performed, dscharged, exewted, effected, completed, compl~ed wiih and abided by, then in e~ther or any such event the sa~d ag- ~re~ate sum mentioned in said promissory note then remaining vnpa~d, with interest acaued, and ail moneys secured hereby, shall become due and pay ab:e forthwith, or theteaFter, at the optwn of said MORiGAGEE, as fully and completely as if all of the said wms of money vrere a~g~~:a:ly a~~pulated to be paid on such dsy, anything in sa:d prornissory note w in this Alatgage to the con~.ary notwithsrand~ng; and thereupon o~ thereafter at ~he opt~on of sa,d MORTGAGEE, without notice o~ demand, suit at law or in equity, the~efore or therraiter beg~n, may be prosecuted as if all moneys secured hereby r„d maNred pho~ to ds instituhon. . 7. That in the event thar at the beginning of w at any time pend~ng any su~t upon this Mo+tgage, or to fwedou it, w to refo~m it, or to enforce pa;ment of any claims herevndrr, said MORTGAGEE shall apply to the Cowt hav+ng ju~iid.crion thereof for the appointmeqt of a Receiver, such Court shail fcrrhwirh appo~nt a+ece~ver of said mortgaged p+operty all and singular, incl~d:ng all and su~guiar the income, profas, issues ar.d reve~ues from wherever s~~rce derived, each and every of wh:ch, it being expressly underuood, is hereby mongagrd as ~i spec~iically sef forth and described in the g~aming and hsbendum dauses hereof,-and svch Receiver shail have all ~he broad and effecrive (unc~.ons a~d powers in anyw~se entrusted by a Court to a Receiver, and s~ch appoiroment shall be made by such Cowt as an admitted equity and a malter of absolute r.gfit to said MORTGAGEE, and withcut referente to the edeq~acy or inadequacy af the value of the property mnr~gaged or to the.so.vency or inso:ve~cy of sa~d MOR~GAGOR or the defendants, and rhat such re~n, profita, income, issues and revenues s~au oe app~~ed i,y ...=~:du~g to the Iien w equity of said MORTGAGEE and the praci~ce of such Courf. ' 8. To duly, promptly and (u~ly perfo~m, d~scharge, exec~te, effect, comple~e, con,ply with and abide by each and every the stipuiations, ay.temrnts, conditiona and covenams in sa~d pra^lissory nore and this mortga9e set lorth. 9. That in the event the ow~ership of the mo~tgaged premises, a any part thereof, becomes vested in a person other than the MORT~',AGOR, the ~RTGAGEE, its su:cessors•and ass~gns, may, wirho~i notice to ihe MORTGAOR, deal with svch successw w successor ~n interest wnh reierer.ce to this n ortgage and the debl hereby iecured in the same ~~anner as with l~lort~ago~ without in any way vit:ati~g or discha:ging the Nlortgagors' liability here- ;,n;1er or upon ~he debt hereby secured. No sa~e of ihe Fre~uses hereby rn~rfgaged and no forbearance on the par~ of the 1AORiGAGEE or its svccessws c~ ass~gns and no extens~on of the tr.ne for the payment oi the debt he~eby sec~red given by the MORTGAGEE or its successors or ass~9ns, aS:all operate ro release, d~xharge, modify change o~ affect the original tiabihty of the MORTGAGOR herein, eithe~ in whole or in part. 10. It is spec~ficatly agreed ~hat t~me is of the essence of this contract and that no waiver oi any obl~gat~on hereunder or of the obfigation se- cured hereby shal{ at any time rhereafter be held to be a wa~ver of the terms hereof or of the instrumem secured herby_ ! 11. In rdd,tio~ to the fore~o'rx~ ~nortrhly paym.nts of princ pai and iNerest required by ihe prom~ssery note sewr~J hercby, mortg3gor covenants i ~~.d agrees to ray !o n:ortgagee wi'h each r:~o~:thfy pal~::ent an add,rionaf sum est~:rated by mortgagee ro be equai to 1, 12 oi the omwa! cost of the follow- ; , ~ A-All real p~operty taxaz le:+ed o. ass~ssrci against fh~ above descrihed real estare. - ` 6 Fr_mi~ms on fire and windstonn insurar.ce at herein requ:red to L~e tarried on the ~mprove~nents situate on the above dsscribed prem~scs. ! C--Prrmwms on <_uch mort~age'gua~anty insurar~ce as mortgagee shall from t~me to time deem fit fo carry on the toan secured herebr. ~ Mortgagee sh,~t tram trne to time notify martgagor ~n wriung of Ihe amount dve and payable hereundrr and sxh w~~ shaif there~pon be due and : j,ab;e on the d~e oare of the next month'.y payrnent and each success~ve month therea~ror untit mcrtoagee shall not~fy mo.rgagor of a change in wch ~ ~~unr. 5~=h s~rns sFa.! ae app`ird by r:ertgayse ror~ard the payment of reaI properry ta:es, insurance prem:ums, and mongage guaranty inwrance ~ ~:•emiums. ' IN 1'11TtJE55 :`:HEREOF, ~he sa~d MORTGAGOR ha hereu~to set his hand and seal the day and year 'rst a4oreseid. ; ~g aled d ' red " t esenc - ' - ~ Sean ~ W~ anc s Sch rz ~~aq ~ ~ u - . - ~$CA~~ = witness a ~ ~~ap D ~ STATE OF FLORIDA ~OU'JTY OF 1 ~ ~ ~ - ~ Before me personally appeared FZaflC1S Sehwarz and ~ _ '~ta rqa ret Schwa rz his wife, to me well known and knovvn to me to be ~ rhr individuals desu~bed in and who executed the foregoing instrument, and acknowledged before me that they exewted the same foi the purposes ~ r~erein expressed. And~t3K sa~d 'ar9~ret $ChwarZ ~ ++:fe of ,,~;a• ~ F.~anc is Sehwa rz upon a separate and privatQ ~ e.amina(ph~ rrtiF•tpken 'se,p~nrate and apart from her sa~d husband, acknowledged to and before me that she exetuted said instrument freely and vo{un- ~i rar~ty ind w~ithC~1 a~+y ~frnpt?~xibn, constraint, apprehens~on, or fear of or fram her said husband. ~ ;~~NI~SS my hand-sr~.ofliual seal this___ day of ~beZ A. D. 1973 . ~ r; ~ ,'L~~ t _ - : ~ . J~ ~ - . ^ Notary Public in and for the State of Florida at large - ~ : v _ ~ A1y Commission expirese ~ • ~ ~ Ben ?,~a ta1.. . firft`fNFrsl Savings.~;loan Assodat;on No~ary PubliC, State of Florida at larda. - G; . . , ~ "•04•fo+J~'•erce. My Ccmmissio~ Expires Sept. 1~ 1977. ~ . . ~ t x3 ~ ~ari:QfArle, Fiorida ;.i , ~ ~f Fx EO ~M~ AE~Oltp Ep ~ ~ f~ S~•IUCIE COUNIr ~LA. ~ This Instrument Prepared By ,7ohn W. Collins ROGLR P'~~~~5 a- First Federal Savings 8 Loan Association ~~~q~ ~;A~y1j COUR - - of Fort Pierce ~ Florida Rf~dgt~ VE*~~f?E~~---- ~ t~ 1~ 9 ~ ~ Checked By ~ 1 ~ ~ ~ p 2~1 3? 2~69° 's T e~LK :1; > - - - - - -,r- - - : = k - _ ~ w..~. _ . _