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To place and con~~nuo~sly Aeep o~ the bu~'d;ngs now o~ hereafter iftuare on sa~d ~and and on a!{ rq~~p~nen~ and parsonalty cove~ed by th~s mor~g- ege, w~~h all prem~ums thereon pa~d in 1u11, Lre ins~rance in tha usual s~a~ulard µo~ity tOrm, in a sum aHprovcd by the MuRiG:.GEE, e~'•J w~~~ds~oim ~naura~ce in the ~sual standard pol.cy form, in a sum approved by the MORTGAGEE, in such ton,peny ot torn{~an~es as ~he b10RT'vAGfE may direch end all (i~e ar.d w~ndircrm insurante policies on any o( se~d build~rigs, any iniera~~ therein or pa~~ thereof, in Ihe agg~rga~e tum afo~esa~d or in exceas thereof, shall coma~n ihe us~a1 s~andarJ mor~ga9ee clause w such aher clauie as ths Matgagee mey req~+ro, mok~ng th~ Icaa unJr. sa~d poli- c~es, each and every, payable to said MORiGAGEE as its interrst may appear, and each and every such {:i,~Ic~ sha11 be p~omptly assynrd a~:d de.~vrrrd ~o any he~d by sa~d MORTGAGEE as (ur~her srcwity to aa~d mo~tgjge debt, and, not less than ten (10) days in ad:~nce of the eapi~ation of each pol~ty, ~o dr Gver to said MORTGAGEE a renewaf ~he~eof, toge~he~ with a rece~pt for ~he premium of such ronewal; and there shall be no f.re o~ wu~datoun insurance placed o~ any of said buildings, any iNerest thereln u part thereof, vnless in the iwm and with the lass payable as aforesaid; and in Ihe e+em any.sum of money becomes payable ~nder s~ch policy or poLcics said MORTGAGfE shall have the ophon to ~ecvi~e and appfy the aame on account o( ihe ind~oted- ness secvred hereby or fo permit sa~d fAORTGAGORS ro rettive and use it W eny pa~t thr+cof for oi~~•:r ~;y:f•Jlt'S, YI~IYi:JS th,•.u~ ys~.~,~] .;r u~:p.,i•- fng any equity, I;en or rinfit uruler or by virWe of this mortgage; a~d in the eveM u!d MORTGAGORS shafl for any reason (ail to krep fhe so~d prem~a_~s so insured, or fail to deliver prarnptly a~y of sa~d poDcies of insurance to sa~d MORTGAGEE, or fod promptly to pay fu~ly any prrinwm therelor or in any respett fail to perlorm, d:scharge, e:etu~r, elfett, complNr, tomply wi~h and ab~de by this covenanr, or any par~ h~~reof, said MGRTGAGEE may piate a~~d pay fw such in~urance w any par~ the~eof without waiving or aflecting any option, lien, equity, or ri~ht unde~ w by v~r~ue of this Mortgage, and thc full amovnt of each and every such paymeN shall be im~nediately due and payable and shall brar interes~ irom tFw date thereof until p~~d at the rate o1 f • nine per centum pet annum and to~ether with such intereat shall be srwred by the lien o( th~s mortgage. 1. To permit, commit or su(fer no waste, impairment or deteriorat:on of aa~d property or any part thereof. 5. To pay all and singular the costs, charges a~d expenaes, inctuding a reasonable afrorney's fee and cosfs o} abseracts oi tirle, in~urred or paid at any time by said MOR1GAGfE, because or in the event of the faiture o~ the part of 1he said MORTGAGOR to duty, prcx,ptly and fully perlorm, d~scharge. - _x~cute, e(fect, complete. comply w~th and ab:de by each and every the stipulauons, agreemenls, conditions, and tovenants o~ sa~d prom~ssory ~ote and th~s :norrgage any w eithe?, and sa~d cesss, charges and expenses, each and every, ~hall be immed~ately dve and payable; whrther or not there be nonce d~ mand, attempt to collect w suit pend~ng; aod the full amouM of each and e~ery such payment shall bea. interest Irom the date thereof until Fa~d at the ~.•re of rnne per cent~m F,er an~~~:n; ~nd all said cos~s, charges and expenses ~ncurred or paid, togetF~r w~th such interest, sheit be secured by the Gen of th~s mo~tgage. 6. That (a) in the evenl of any breach of this Mortgage or default on tM part af the 1110RTGAGOR, or (b) in the event eny of sa:d sums of money herein referred to be not promptly and fully paid within th:rty (30) days next ai~er ~he same severa!ty become dve and payeble, wiihow demand w notlce, or (c} in the event each and every ~he stiputaT~ons, agreements, conditions and covenants of sa.d promiswry note and tha mortgage any w ei~her arc nol i~iv, prOmptlV and fu!!v ce~formed, d:scharo_'d, •execured, etfecred. compieted, complied w~fh and ab~ded Sy, then in e~~her w any such event the sa~d ag a.egate sum mentioned in aaid p~omiswry note then remaining unpaid, with interesl actr~ed, and al~ moneys securtd hereby, shall become due and pay- eb'e torthwith, or thereafter, at ~he oprion of said MORTGAGEE, as fulfy and completely as ii afl of ~hr said sums of money were or~gmally shputated to be pa~d on such dny, anything in sa.d p~o~n;sswy note or i~ ihis Mortgage to tF.e conr~ary notwithstanding; and ~hereuEwn w thereafter at the op~~on of sa:d MORTGAGEE, without not~ce o~ dema~~d, suit at law or in equity, therefo~e or thereafter begun, may be prosecuted as if all muneys secur~ hereby n;:d matured pr~or to ~ta institut~on. 7. Tha~ in the event tF~at at the beginning oF or at any time pend~ng any suit upon this Mo~tgage, or to (aeclose it, or to refo~m it, or to e~force paymeN ot any ciaims hereur.de~, said MOkTGAGfE shap apply to the Court having jw~sd:ction thereof tor the appo~ntmero of a Receiver, suci~ Co~rt shaN f:,r~hwith appoi~t a receiver of said mortgaged property all and singular, inc;ud~ng all and singular the income, profns,•iasuas and reve~ues from whatever sc~rce derived, each er.d every of wh~ch, it bei~g expressly understood, is hereby morigaged as ~f spec~fically set iwth and described in the gransing and ~:3eendum clauses hereof, and wch Receiver shall have all the broad and effect~ve funct,orx and powers io anyw~se e~trusted ~y a Court to a Receiver, and s.ch appo~ntmem sha? be made by wch Court as an admitted equity aqd a matrer of absolute rgh~ to la~d MORSGAGEE, and-wifhout reference to the . a~iryoa;y or inadequacy of the val~e of the Froperty mortyaged or to the sorvenc~r or mse;vency of sa~d MORiGAGOR or the defend~nts, and ~hat such r~~~~TS, protits, income, issues and revenves shall be applied by such Receiver accord~ng to the lien or equity of sa;d l410RTGAGEE and the pracr~ce of such Coutt. 8. To du:y, promprty and fully ~rform, discharge, execute, effect, complete, comply w~th and abide by each and e~ery tFw st~pulaf~ons, agreements, _o~~ditians and covenants m said promissory f1U12 and th;s moregage set forth_ 9. That in the evem the ownershfp of the mortgaged p:emises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :.ORTGAGEE, its successors and assigns, may, without no~ice to the MORTGAOR, deal with such svccessor or successor tn in:erest with refere~ice to this n,o•+gage and the debt hereby set~red in the same mann~r as with Nlortgagor without in aey way vit;ating or d~scha~ging the fAorty;gors' liability here- ;;rder or upon the debt hereby sec~red. No sale of the premises hereby morfgaged and no forbearance on ihe part of the G1pRTGAGEE or its sutcessors cr ass~gna and no extension o1 the time (w the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass!gns, a~~a!1 operate ro re!ease, discharge, modify change or affect the orig~nal liab~l~ty of ~he MORiGAGOR herein, either in whole or in pa~t. 10. !t is speu~icaily agreed that time is of the essence of this contract and that no waiver o~ a~y obl~gat;on hereunde~ or of the obligation se- c.,red hereby shatt at any time toereafter be held to be a we~ver of the terms hereof w of the instrument secured herby. 11. In add;tion to the forego ng month!y payments of princ'pa~ and inrerest required by the prom ssory nore secured hereby, mortga3or covenants ~ d agrces to pay b mo:tgagee v~ith each mor~rh~y payrnent an add~rional sum est~mared by mo:tyagee to be equai to 1/12 of tl~e annual cost of the foilow- ii I - ~ A-All real property taxes levied o~ asses:ed ag3inst the above describcd real estate. 1 B-Pr~m~ums on f~re and windstor~: ~nsvracce as he~ein requ:red to be carried on the Emprovemeits s~tuate on the above describcd premises. f C-Prerniums on such mortg;qe guaranty ir.sura~.ce as mostgagee shail from time to time deem fit to carry on the loan setured hereby. ~ Mortgagee sh,~l from t~me to r~me rtotify morigagor tn writ~ng of the amount due and payable herevnder and wrn sha{I thereuoon be due artd ~ .::abte on the due date of rhe neat month:y payment and each successive month thereafter ur.til mortgagee sha noti~y mortqagor of a change in such g ~-ount. Such sums s~a.i be app'ied 6y mortgag?e toward the payn:ent of reat propeAy tazes, insurante pre .ums~ and mottgage guaranty insurence ~ . ~e-r~~ums. ~ . ~ IN i "1HEREOF the sai MORTGAGOR has hereunto set his hand and seal the day' and fi afo e~aidf. ~ 7 Si led d ive i the presence of: ~/u / ~ - ~ L l i~ (s~ ) ~ Wi ness , ' r H. Wa1 e ~~aq ~ 1 ' y` ~ I~I' ~ ~y Alison R. Wallac.e ~~a;~ ~ ~ S~:,TE OF FLORIDA ~ ~JUNTY OF ~ ~ ~-L ~ ~ - ~ Befwe me personally appeared Laird H. Wallace and Alison R. Wallace ~ - his wife, to me well knovvn and known to me to be ~ !ne individuals described in and who executed the fwegoing instrument, and acknowledged before me that they executed tht s3me for the purposes ~ ;herein ex ressed. And the said Alison R. Wallaee ~ P . :.~Fe of the sa1~[" it~7~ ra N. Wallaee upon e sepa~ate and private ~ e.amination_b~ ~ taken xps~ate and apart from her sa~d husband, acknowledged to and before me that she executed said instrument freely and voluo- ~ ~•„y and„jvithout,aoy. co~pulsipn, constraim, apprehens~on, w fear of or trom her said husband. WI2N~95 my hand and o~fidal seal thi~_ ~ ~ day of ~t~ei A. D. 19 73 . _ : o r ~ _ . ~ . - ~ ; - - = ~ _ ` - " Notary Publi}~ n and for the State of Ftorida at large 1'.~?'. r' : t'. My Comm~sf' expircs: Retwn •To ^t, MY COMMISSIOH EXPIRES IUNE 8, _ Firsi'p~eBeh~ Savin~ dtiil`e-~n Association ]4j5 ~`r rQ~' fA1~ ~IQe ~ee. - ~Fo~r'P~~fE~, Flar~da .t_. . ~ ~ - ~ rnEO Ak~ RecoApte . This Instrument Prepared By John W. Collins st•~UCIE COUMTtt fL~, ~ ~ ROCER PO TqAS ~ Firsf Federal Savings & Loan Association CLERK C~RCU~ COURT 45 of Fort Pierce~ Rlorida p~C~RO YE4iF1E~ . ~ ~ Checked By ~,9 9 22 ~ ~ ~ - 0 R~ P~CE ~9 ~ s~~~ 268691 _ . . - . . ; ~ - _