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To p~ace and continuouaty keep on the 6~i'Jh~gs now o~ hrreafter ~ituate on sa~d Isnd ar.d on a!? equip,nrnt and pr~sor.~ily cove~ed by this morlg- ege, with all premiums ihe~eon pa:d in fuil, f~re inwronte in the usual s~a~ioa+d yo:~cy (orm, io a sum a{:p~oved bY ~he A~ORtGACiEE, anJ w~ndsro~~n fnsurance in the usuai s~andard po~•cy fonn, in a wm appro~ed by the MORTGAGEE, in wch company or co~,pan~es as the AtOR1GAGEE may direct; and all fire a~xl windstorm inswance poliues on any of said buiid~ngs, any inte~est therein or part Ihr~eol, in Ihe agg~<gare sum afo~esaid ot in ~xtess ~hereof, shall ca~tain the uwal standerd mortgagee clauae w such othcr clauss as the M1or~gagee may ~equ~ro, making the loss unJe~ sa~d pofi- cies, each and eve~y, peyeb;e ro said MORTGAGEE as ~h in~e:est may appear, and each and avery ~uch ~i~cy shall be prompUy ass gned and deGvered ro any held by said MORiGAGEE as fu~~her stcurity to said monyaga dtbt, and, no~ less ~han teo (10) days in adva~~ce of ~he exp~ra~:on of each potlcy, to de- liver to wid MORTGAGEf a renewal thercof, together with a receipl for the p~emium of such renewal; and there shall be no i~re or w~nds~o~m insuiance ptetea a~y of sa~d buildings, any interest therein a part thereof, unless in the form and with the toss payeble as a4oiesaiJ; and in the e~ent any sum of monsy becomes payable under wch polity w poGc:es said MORTGAGEE shall have the opr;on lo retaivr and apply the same on account of ~he inJc~~~d- < nau secured he~eby or to permit said M(~RTGAGOR$ fo receive and use it w any pa~l thereof lor oti~c~ pur~.oars, v.~~~~o~t ih ui .~vw~ ~3 tr n~~As~~' i ing any ~qurty, t~en a right undr~ a by virtue of this mo:'gage; snd in ~he event sa~d MORTGAGOR$ shall for any reason Fail 1o keep ~he sa~d p?emurs so } inawed, ot fail to deliver p:ompNy any of said po6ues of insurante ro sa~d A50RiGAGEE, or fait promptly to pay i~l:y any pre~~~wm ~her~(or w in any ~ respect fail to perFwm, discharge, execute, effeu, complete, comply with and abide by ~his covenant, a any pa~t hrreof, said MGRIGAGEE may p~ace a~~A ~ pay fw such insurance or any part thereof withoul waiv~ng or a(fecting any optio~, lien, equity, or right under w by virtue of this Mortgage, a~~d thc f.,tl a~nount of each and every such paymem shall be ~mmed~ately due and payabte and shall bear interest (rom tha date ihereof until p~~d at the rore ol s nine per centum per annum and ro~ether with such interest shaii !~e secuted by the lieo of th~s mortgage. 4. To permit, commit w suf(e~ no wasle, impairment or deteriorarion of said property a any ps•! the.reof. 5. To pay all and singul~r the costs, charges and e:penses, including a reasonable atro~ney i fee and costs of absrracts of title, incurred or paid at , a~y time by said MORiGAG:E, because or in Ihe event of the (a~lure on the part of ~he said MORTGAGOR to duly, pra+~p~~y and fuliy perform, d~scF~arge. s execute, e(fet1, tomplete, comply w~th and ab:de by each and every the stip~lations, egreements, tonditions, and covenants of said promissory note and th~s mortgage any or r~c.`.~+, and sa:d costs, charges and expenses, ea<h and every, shall be immediate~y due and payable; whether p not there be nonce dz mand, attempt to to11ec1 or suit pend~ng; and the full amount of each and every such payn,ent shatl bear interest f~om the da!e thereof until paid a? the ra~e of n~ne per cenwm N.:r annum; and all wid costs, charges and ex~nses inturred or paid, together w~th such mterest, shall be secured by the lirn of th~s mwtgage. 6. That (a) in the event of any b~each of this Mort9age or default on the pa~t of the MORiGAGOR, or (b) i~ the event any of sa:d sums of money herein referred to be no1 promp~ly and tutly paid wi~h~n th~rty (30) days next after the same several~y become due a~d payable, wiihou~ demand or not~ce, or (c) in the event each and every the stipuiations, agreemer.ts, conditions and covenants oi sa,d promissory note and th~s r:wrtgage a~y w either are not i~ly, promptly and fully performed, d,scharged, eaecuted, eifected, comp~eted, complied with and abided Sy, then in erthe~ o~ any such eveN the sa~d ag gregate sum mentioned in sa~d promissory note then remaining unpaid, with inrerest acuued, and a11 mo~eys secured hereby, shall become due and pay ab!e fcrthwith, w thereafter, at the option of seid MORTGAGEE, as fully and completely as if afl of the said sums oS money were or~ginaNy st~polated ro be pa~d on such day, anything in sa:d prom~ssory note or in this Mortgage to the conuary notwirhseanding; and thereupon or thereafter a~ the opt~on of sald MORTGAGEE, w~thout not~ce or demand, suii at law o~ in equ,ty, therefore or lhereatrer begun, may be prosecuted as if all moneys secured hereby r,sd matured pnw to its institurion. 7. That in the event that at the beginning oi or at any time pendinq any su~t upon this Mo~tgage, w to foreclose it, or to refwm it, or to enforce payment oi any claims hereunde~, said MORTGAGEE shatf appfy to Ihe Court hav~ng ~ur~sduiion thereof for ~hz appo~ntment of a Receiver, such Court shail fu:thwith appo~nt a receiver of sa~d mortgaged property all and singutar, includ~ng ail and singv~ar the income, p~of~ts, issues and revenues from whatever sovrce derived, each and every of wh~ch, 1t bei~g express!y unders~ood, is hereby me~tgaged as ~f specifical:y set forth and descnbed in the graming and habendum dauses hereof, and svch Recerver shall have all the broad and effecrive funct~ons and powers in anywise entrusted by a Court to a Receiver, and r~ch appo~ntme~~t shali be made by such Court as a~ admi~red equity and a maner of abso~~te r~ght to sald MORTGAGEf, and witheut refererce to the ~ edequacy w inadequacy of the valve of the property mortgaged or fo the so~ve~cy or inso~vency of said MORiGAG0~2 0~ thr de'e~~dan+s, and ihat such i re~rs, profits, income, issues and revenues shall be appl~ed by such Receiver accord~ng to the {ien or equity of said MUkSGAGEE and the practice of such ` Courf. • 8. To duly, prompt!y and fulty perfo.m, d~scharge, execu~e, effect, compiete, comp~y w~th snd abide by eacfi and every the st~putations, agreements, conditions and covenants ~n said promissory note and th~s mortgage set 4orth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thcreof, 6ecomes vested in a person other than the MORTGAGOR, the -ti'.ORTGAGEE, its successors and ass~gos, may, wirhout norice to the ~~10RiGAOR, deal wrth such successor w successor in lnteresl with reference to this n.ortgage and the dabt hereby secured in the same manrter as with !Aortgagor without in any way vitiating or d~scharginy the Mortgagors' IiabiGty here- Z ~nder or upon the debt hereby secured. No sa!e of the premises hereby mortgaged and no forbearance on the part of the /AORiGAGEE or its successors or ass~gns and no extension af the time fw ihe payment of the drbt he.eby secu.ed g~ven by the 1J!OR?GAGEE or its successors or ass:gns, at~all operate ; ro reiease, d.scharge, modify chanye or affect the original liabday of the MORTGAGOR here+n, either in whole or in part. r 10. It es specifica~iy agreed rhat time is of the essence of this contract and that no waiver of any obGgat~on hereunder or of the obtigation s~ - cured hereby shaU at any time thereafter be heid to be a wai~er of the terms hereof or of the instr~meM sewred herby. I 1. In add~t~o~ to the forego ~g monthly payments of princ"pal a~d interess required by the prom:ssery no!e scw~rd her~br, mortgaaor covenants and agrees to ~ay to mortgagee v.~th each mcnth;y pa~r~:ent an add:rional sum est,n:ated b~ mongagee to be eq~a+ to 1. 12 ef the annual cost of the fol~cw- "'g: A-All real property tax.s fev~e~ o+ assessed ayai~st !ne above desc~ibed real es:ate. ; B--Prem~~ms on f~re and windstonn insuracce az here:n n-yu~red to be ca+rird on the ~mprovzme~ts s~tuate on the above dascr~bed premises. ~ C-Premiuc-,s on s~ch mortg~ge gua.anty ir.sura~.ce as mo~tgagee shatl from t:me to time derm fit to ca~ry on the loan s^cured hereby. ~ Morrgagee sha~l from time ~o rime ~:r.l; mertgagor in wrli:ng of the a~+count due and payable hereunde~ and such surn shail thereupon be d~e and ~ ;~vebfe on the due dare of the next n:ontF.:~ payment and each success;ve month tnereaft:r ur~til mcrt~a~ee shali nonfy mortgagor of a change in such ~ e~nt. Such sums sF.a:i be app~ied 'oy mortgagee toward the paymen! of reat property taxes, ins~rance prern;ums, a;id mortgage guaranfy insurance :remioms. ~ IN \YITNE55 :':HEREOF, the sa~d MORTGAGOR ha ereunto set his hand ar.d seal the day a yea` first aioresaid. ; , i Signed, Sealed and delivered in the resence of: ~ R P U ~t~1t 1 ~ ~ ~ ~ 1~ ; 1' cs~an ~ , c_ , Fu ton M. Townsend ~~si~ a ~ - - ~y ,..a2 ~ ~~aq ~ y- Shirley o send ~~ai~ STaTE OF FLORIDA 1 St. Lucie ~ ~ ~ ~ ~OUNTY OF ~ Before me personally appeared FUltOtl 1~1. Townsend and _ SZ"11Y1@,[ Townsend his wife, to me we~l known and known to me to be the individuals described in and who executed the foregoing instrument, and atknowtedged before me that they executed the same fw the purposes Shirley Townsend - ~ nc~rein expressed. And the said- ~ s.;!e of 1he uid Fu1tOT1 ~1. TOWI15@itd upon a saparate and private e.aminat~on by me taken separate and apart from her said husband, atknowledged to and before me that she executed said instru~nent freely and votun- ~ ~ar~iy and wi,hout„~ny tompylsion, constraint, apprehens~on w fear of or from her said husband. W;j1~1~'SS tny Fiand a~ offic~al seal this_ day of DQC@IDU@Y . A. D. 19 73 N , ~ ~ , , " , ; . x~ -C f}7 X~ ',r. Notasy Public in and ior~t State of Fbrida at large •~O , 4; _ ~ : My Commission expires: w = • ~ Retqm" To: = _ . Pfrst P~erAI ~Sbvii+gs ~ lQan ~tsociat~on N~hry ?ublle, SM~N e1 t~le~tde at targ~ • ~ ~ - ~ i~ ~~or~ ejc My Gomin:=i ea Eapirta Od. 30, 1976 : ~ ~ ~~~'•Fort Vierce. Eror~~ br /i,r,e.::cn F~re d Cosuolty Co. ~ . . . ; ^ ~ - ~ r~ ~ ~ ''•..~~~~~i~~~~~~iti ~ I.EB AtiG REC RDE This Instrument Prepared By J. H. Roberts, Jr. ~~.~UCIE COUN fl ~ RO:~~ P91TRA5 First Federal Savings & Laan Association CLEP,K C~::CUIT COURT'~ ~ of Fort Pierce , Florida Rf.C~R~ yfp~~~ED.~-- ~Q ~ Chetked By'i1-- ~t1 a S~ ~ ~1 5~~~2z~ PAGfzzso . 2'7Q34~ Ys . ~:4:_.,;- _ ' . . . . . . ' ~ ~ _ _ ~ _ ' . . _ . " . . _ _