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To place and con?inuously kaep on the b~~:d~ngs now o~ hereairer ~ituate on said tand and on alt equipment and personally coYered by thh mor~q- ege, with sll premiums thercon pa~d in (ull, fire inwror.ce ~n ~he usual sta~r~ard po~~q form, i~ s f~m approved by the MURIGAGEE, e~~d windswrm ~nsurante in ~he usvai siandard po~~ty ~o~m, in a sum approved by the MORiGAGEE, wch canpa~y or compan~es as ihe A40RiGAGEE may d~rect; and all fi~e and windsto~m insurence poGues on any of iald build~~gs. a~y interes~ therein or part thrreot, in ~he aggregare svm •Fu~esa~d or in eatess Ihcreof, shall tonrain the usual standard ma~ga9ee dause w such other diuse at Ihe Mortgagee may require, makinp the loss unJr~ sa~d poli- c~e~: each and every, payab~e to said AtJRTGAGEE a~ ~t: interrst may appea?, and each and every such poticy shaH be pranp~~y ass gned and dr~r.~r~d to sny held by aald MORiGAGEE as fu~~her secu~~ty to said mortgage deb1, and, not less lhan 1en (10) days in advaiue of the expuatwn of each pol~ty. ~o dr livtr to sa+d MORiGAGEE a ~enewal thereof, together wrth s receipt fo~ ~he premium o( suth renewal; a~~d thero shall be ro f:~e or wind:to~m inaurar+ce placed on +ny of said kwildings, any intereat there~n or pa~t the~rof, unleas in the form and with the loss payable as atoresaid; and in the event any sum of money becomes payable under s~th poliq w politiss said MORTGAGEE shall have the opt~on ro recrive and apply the same on atcount oi tht i~~dabtad- ness sttured he~eby or to permit said MQRTGAGORS fo reteive and uss il or any pa~l the+c~i tor otimr purposes. +•.~~no~t th,r. u. wa~•~ ~g a~ ~'~~po~~' ing any equity, lien or r~ght u~der or by virtue oi this mor:gage; a~d in th~ event sa~d MORTGAGORS shatl for any reason (ait to kzep the sa~d prcmia_s so insuted, or fail fo deliver ptornplly any of said po~~cies of insurance 1o sa~d MORTGAGEE, or fail promp7ly to pay fuily any p~e~~~iun+ thrre~or or in any respect iail to perform, d~scharge, execute, effect, cumptete, canply wi~h and abide by this cove~ant, or any part hzreof, said MORTGaGEE may place a~.d pay fw such inaurance or any part thereof without waiving or affecling any op~~on, lieo, equity, or riyht unde~ or by virtue of th~s Mortgage, a~d the fuil amoun? of each and every such payment shall be immediately due and payable and shall bear interest from the date IF.creof unril paid at the rate of n~ne per centum per annum and to~r~her with wch interest sFwlf be secured by the lien of this mortgage. 4. To petmit, commit at sufier no waste, +mpairment or deterioration oi sa~d property or a~y part thereof. 5. To pey~all ard singutar ~he costs, chargcs and eaFe~ses, including a reasonable atto?ney's fee and costs of abs~racts of title, incurred or pa~d at any time by sa~d MORTGAG:E, because or in the event of the tailure on the parl of the said MORTGAGOR ~o duly, promptly and fu~ly pertorin, d~scharge. ~xecu~e, effec~, comptere, comply w~~h and ab:de by each and every rhe st~pulanons, agreements, co+~d~tiona, and covenan~s of sa~d prom~siory note and th~i mortgage any or either, a~d said costs, charges and expenses, each and every, shall be immed~a~ely due and payable; whether or not ihere ba notice dr mand, attempt to coilect or suit pand~ng; and the futt amount of each and every such payment shall bear interest from date thereof until paid at the rare of nine per cantum per annu~~; and all said costs, charges and ex;aenses incur~ed w paid, togelher wdh such in~erest, shall be secured by Ihe lien of th~s mprtgsge. 6. That (a) in the event of any breach of this Mo{tgage w default on the part af the MORTGAGOR, or tb) in the event any of sa+d sums of money hrrein referred to be not promptly and tully paid within thirty l30) days neat after the same severatty become due and payable, without demand w notice, or (c) in the event each and every the s~iputations, agreements, conditio~s and, cove~ants of sa:d prom~sso~y note and th~a mortgage any or either a~e not ~uty, promptly arid lully perior~ned, d~scharged, exec~red, effected, completed, complied with and abided 5y, then in either or any such event the sa~d ag gregate sum mentioned in said pro~~issory note thrn remaining unpaid, witA interest accrued, and atl moneys secured hereby, shall beco~ne due and pay~ eb~e forthwith, w ~nereafter, at the optia? of said MORiGAGEE, as'fully and completely as ii all of the sa~d sums of money were or~g~natly st~pu:ated to be p+~id on such day, anytning in sa:d pro~nisswy note or in this Mortgage ro the contrary notw~~hstanding; and thereupon w thereafter at the opt~on of ~ :a~d MORTGAG:E, without ~otice or demand, suit at taw or in equity, therefore or IAereafter begun, may be prosecuted as if all moneys secured lureby n~d matured pnor to ds institut~on. 7. That in the event that at the begin~~ng of w at any time pending any sui! vpon this Mortgage, or to foreclose it, or 1o reform it, or to enforce payment of any claims hareunde?, said MORTGAGEE shall apply to the Court having jurisd:ction thercof for the appo~ntmeN of s Receiver, auch Cou» shall for:hwith appoint a receiver of said mortgaged property all and singula?, includ~ng all and singutar the income, profits, issues and revenues from whatever sovrce derived, each a~d every of wh~ch, it be~ng expressly understood, is F~ereby morfgaged as ~f spec~(ically set forth a~d describrd in the graming and habendum cta~ses hereof, and such Receiver shali have a!1 the broad a~d efiecrive funct~ons and powers in anywise entrusted by a Co~rt to a Receiver, and s_ch appointment shalt be made by svch Court as an admifted equity and a matter of absotWe right to said MORiGAGEE, and wirFwut refererue to tha ad_~quaty w inadrquacy oi the value of ~he property mortgaged or fo the so:vrncy or insolvency of said MORTGAGOR or the defendants, and that such re~~ts, profirs, income, issues and revenues shafi be appGed by such Receiver accorduig to fhe lien or equity oi said MORTGAGEE and the practice oi such Court. 8. To duly, promptly and fully pe~form, d~scharge, exec~te, effect, complete, comply witfi and abide by each and every the stipulations, agreements, c~~nditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of she mortgaged premeses, or any part thereof, becomes vested in s pe?son other fhan the MORTGAGOR, the t'.ORTGAGEE. its successws and assig~s, may, wirhout norice to the MORTGAOR, deal with such successor w ivccessor in interest with reference to thi~ n-ortgage and the debt hereby secured in the same manrter as with Mortgagor without in any way vitiating ot dixharging the hbrtgagors' Iiability here- ur~der or upon the debt hereby secured. No sa:e of the premises hereby mortgaged and no forbearance on the part of the /J10RTGAGEE or its successors ~ or assg~s and no extension of the time for the paymem of the debt hareby sctured given by ~he MORTGAGEE or its successors or ass~gns, anall operate i ro release, d~scharge, modify change or affect the origi~al tiability of the MORiGAGOR herein, either in whole a in part. . 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the ob~igation se- cured hereby shall at any time fhereaf~er be he:d to be a warver of the terms hereof or of the instrument secured herby. 11. In add:tion to the forego'n9 momhly payments of princ pa) and interest ~equ~red by the prom;ssory nore secured hereb/, rfiortgagor covenants a-.d agrees ro pay to mortgagee v~n~h each monrhty payrnenr an add~rional sum est:mared by mortgagee to be equal to 1~ 12 of fhe an~:~al cost of the fo~low- ,g: A-All real property taxas levi>d o+ assessed aga~•est the above described real estate. $--P~rn~~ums on fire and windstorm insurar.ce as herein requ~~ed to be wrried on the ~mnrovements situate on the above d~scr+bed premises. C-Premi~n~s on such rr:ortg~ge guaranty insura.,ce as mo~tgagee shaU from tme to time deem fit ro carry on the loan sccured hereby. ~ Mortgagee shall f.cm time to time notify mortgagor i~ writing of the arnovnt due and payahle hereunder and such sum shall thereupon be due and ~ ; avabte on the d~e date of the next month:y payment and each successrve monih thereafter until mortgagee shall notify mortgagor of a change in such _ ~ ~:ouM. Such sums shail be app'.ied by mortgagee toward the payment of real properry taxes, iosurarsce prem:ums, and mortgage guaranty insurante j p~eTiums. ? ~ tN WITNE55 JIHEREOF, the sa~d MORTGAGOR has hereunto ut his hand and seal the day ~TION ' € r ~ ated :ad oe ' ~n th presence of: ~ s ~5,~~~'j~~ ~~(,'~~~i~,,1~LE0 ?MD ~ECORDEO gy: Seaq ~ ~ , ~lCiE COtlMtY fLA. i ~ ~ p!;F_R ~'13t{Uf ; . Z z :vt? COURt ; 1r~:'~~1tt~ - (Sesq ~ ~ ~•~itness - ATTEST: Patricia A. Sines, Secretar~,n . nC^ ~ ~yl Zg ~ Treasurer ~ ~ 2'71428, . i ~TATE OF FLORIDA /-~OUNTY OF ST. WCIE ' I HEREBY CERTtFY, That on this ~~day of December , A.D. 19 73 , ~ ~ before me personally appeared WaY~ U. S ines ~ Jr ~ ~ ~ President and Pat r ic ia A. Sine s~~retary -Treas wcez _ , of ~ bayne Construction Co., Rlor ida ~ a _ Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- ; c~tian thereof to be their free act and deed as such officers for the uses and pursoses therein mentior~ed; and that they ~ r n' a'fixed ihereto the officia! seal of said corporation, and the said instrument is the act and deed of said corporation. ° y~ ~ WITNESS my hand and official seal at Fort Pierce , seid county d state. .r This instrument prepared by , ' : . ~ Gary F . Bll~vood • . , ' . . First ~ederal Savings and L.oan .~Not~fy P.y~I'{~,, _tn andfor State and County aforesaid. Association of Fort Pierce, Fla. _ Nty'~,MI3S~o~i Expiras- ~ = ~ _ ~ ~ / . ~ ~ ~ PUBL1~~~ Checked By E~ ~ F ' - ~ FC9~~9a 0 A ~<<tt tt i~~~u~' ...r gaoK 222 P~~ Si8 - ~ - - "'=h i~, Jt ~ _ . _ . ~ _ . _ I ...1Y .Y~ . "~3 .~.~-i~ .ifsNU.°Y.~ Y^~...'V~i.~" .y_ . _ . . , . . _ va .~,r_ 1~S",~~^~w