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To place and continuously keep on the bui'd~~~ys now w hereaf~er s~tuata on said tand and on afl equiFe~ent and personally cove~ed by this mo~tg- ags, w~ib atl premiums rhereon pa~d ~n (~tl, f~re insura~ce ihe usual s~a~xfard po~icy (o~m, in • sum approved by the MORfGAGEE, and windstorm insunnce in the usual trandard pol:cy fam, in a svm approved by the AAORTGAGEE, in such company o~ companies ai th~ MORiGAGEE may direcl; ar+d all firo and w~ndstorm insuronce poliues on any of se)d build,nys, any interes~ the~ein or part ~hereol, io ~he aggregaie s~m a}aesaid or in excea~ thereot, :hsll contain the usual s~a~zdard mortgagee ciauie a such other clauia as the Malgagea may rcquir~, making the Iosa undrr sa~d poli- cie~, e+ch and every, payable to said MORTGAGEE as i~s inta~e?t mey appear, and each and avery such po~~cy shalt be piomp?ly ass gned and dei~vered to any held by said MORTGAGEE as (urther sccurity to said ~nortgage debt, and, not less Ihan ten (10) days in advance of the expiration of each policy, to dm tiver to said MORiGAGEE s rcnewal thereof, together with a ~ece~pl (or the premium of such renewal; and there ~hall be no fire or wind:tor~n insu~ance plsced on any oi said buildings, any inrerest the+ei~ or parr the~eof, unless in ihe form and with Ihe lo:s payable as aforeseid; and in the event any sum of money becomes payabte unde~ such policy or pol~ues uid MORiGAGEE shall have the opr~on fo ~eceive and appiy the same on accoum o( the indebted- ness secured hereby w to pcrmit said MORTGA(;iORS to receive and uae it or eny parf the~eof fo~ oraer purposes, v.;ttw~t thz~rcu~ wa~.~ng o~ uu{wir- ing any equ~ty, lien w righ~ under a by virtue of this mo:tgage; and in the event sa~d MORTGAGORS shall ior any reason fail to keep ~he said premiaas so insu~ed, W fail to deliver promptly any of sa~d pol~cies of insurance to said MORTGAGEE, w fail promptly to pay fully any pre~s~i~m therefor or in a~y rrspect fail to perform, discha~ge, execu~e, efiect, complNe, comply with and ab~ds by this covenant, a any part hereo(, said MORTGAGEE may plsce a~d pay fp such i~surance or any part thereof w~thout waiving ot affetring any option, lien, eq~ity, or right under or by virtue oF lhis Matgage, and the futl amouM of each and every sexh paymeM shall be inxnediately due and payable and •ha!! bear ime~est from 1ho date thereof uotil paid at the rate ol nine per cent~m per art~~m dnd to~ethe? with such interest shali be secwed by the ~ien of this mo!tgage. ~ 4. To permit, cammit w suf(er no waste, impairrrnnt or deterioration of said property or any part thereof. 5. To pay all and singular the costs, cMrges a~d expenses, including a reasonabte attorney's (ee and costs of abstracts of title, incurred or pa~d at a~y time by iaid MORiGAGEf, because or in ~he event of the failure on the part of the said MORTGAGpR to duty, promptly and f~lly perform, d~xharge. execute, effect, cortmp;ere, comply with and ab:de by eath and every the stipufat~ons, sgreements, tonditioru, and tovenants oi said promissory note and this mwsgage any or either, and sa:d cents, cAarges and expenses, each and every, shatl be immediately due and payabte; whe~her or not shere be notice dr mand, attempt to coltec/ or suit pending; snd the full amo~nt o( each and every suth payment shall bear interes~ from the date thereof until paid at the ra~e of nine per centvm per am~u~n; and all said cos+s, charges and expenses incvrred or paid, together w~th such interest, shall be secured by tAe tien of this mortgage. b. That (a) in rhe event of any breach of fhis Mo+tgage or default on the part of the MORTGAGOR, w(b) in the event any of satd sums of money hrrein referred to be not promptly and fully paid within thirty (30) days nexf after Ihe same xverafly become due and payable, without demand or notice, or (c) in the event each and every the stipu+arions, agreementx, corecfitions and covenanrs of sa;d promisso~y note and th~s mortgage any a either are not ~uly, promptly and futl~ perfwn,ed, d.uharged, e:ecuted, effected, completed, ca~npl~ed wirh and ab~ded Sy, then in either or any such event Ihe said ag~ ~regate sum mtnrioned i~ said promissory note then remaining unpaid, with interest accrued, and ati moneys setured hereby, shatl become due and pay abie forthwith, or thereafter, at the opt~on oS said MORTGAGEE, as fvily and completely as if ali of the said sums of money were org~natly st~pu~ated to be paid on suth day, anything in sa,d promissory note ot in this Mwtgage fo the contrary notwithstanding; and therevpon or 1Fureafter al the option oi said MQRTGAGEE, without notice w derrtand, suit af law o~ in equity, fherefo?e w therea(rer begun, may be p?oucuted as ~f all moneys secured hereby 'r~ad maWred pr~a? to ~ta institution. 7. That in the event that at tlx beginning of or at any time pending any s~it upon this /Aortgage, o? to fweclox it, o~ to refwm it, or to enforce paymrM of any ctaims hereunder, said MOR7GAGEE shalt appty to fhe Covrt having juriad~crion fhe~eo! foa the ~ppointment of a Receiver, such Court shall fc:!hwith appoint a reteiver of said mortgaged property all and singulsr, includ,ng aIl and singular the income, prof~ts, issves and revenues from whateYer s~ urce deriveo, each and every of. wh~ch, it be~ng expressty y~~rs~ood, is hereby mortgaged as ii speciticaliy set iorth and doscribed in rhe graneing a~d habendum clauses hereoi, and such Receiver shall have all ~he ~iroad and efiecri~e funa~ons and powers in anywise entrusted by a.Cour~ to a Receiver, and r. ch sppointment shaU be made by such Gou~t as an admitted equity and a matter of absotute right to said MORiGAGEE, ant/ with~dut reference to the edequacy w inadequacy oi the value of the property mortg3ged or fo the so:vency or inso;venty of sait! MpRiGAGOR a the defendants, and that f~ch ren~s, profits, income, issues and revenues shaif be appl~ed by such Receiver accord~ng to the tien w equity of uid MORTGAGEE and the practice of auch Covrt. 8. To duSy, promptly and fulfy perform, discharge, ezecute, effet?, compicte, comply with and abide by each and eve~y the stipula)ions, agreements, co~ditions and tovenants in sa~d prornissory note and th~s mortgage set forth. 9. That in the event the owner3hip of the mortgaged premises, or any part thereof, becomes vested in a person other than ihe MORTGAGOR, the h'•ORTGAGEE, its successors and ass~gns, may, without notice to ~he MORiGAOR, deai with such successor w successw in interest with re{erence to thi~ mo~tgage and the debt hereby secured in the same manner as w~~h RM1ortgagor wi~hovt in any way vit~ating or discharging the htortgagors' Iiability here- undet or upon the dzbt hereby sec~red. No sa!e of the p~emises hereby morigaged and no forbearante on the part of the MORTGAGEE or iis successors cr assigns and rto extens~on of the rime far rhe paymen! of the deb+ hereby sec~red given by the MORTGAGEE or its successors w assigns, ahall operate io re~ease, discharge, modify change or aftect the orig;nal Gabiiity of the 1NORTGAGOR herein, either in whole or in part. 10. It is spe:ifica~fy agreed that time ~s of the essence of this contrau and that no waiver oi any obligation hereunder w of the obligation sr c~red hereby shatl at any time ~hereafter oe hetd to be a wai~er of the terms hereot w of the instrument secured herby. l t. In add:no~ ro the forego ~g monthly paym~nls of prinCpal and inrerest required by the prom~ssory no!e s^cvred he~eb~, mortgagor cove~ants and agrees to pay to mo-rgagee v~,ith eath monthiy pay~nent an addrtipnal wm est~mated by mwtgagee to be equal to 1 j 12 of the annual cost of the follow- ~n~: A-A? reat property taxes teiied or as5esced agains! ~he aEove dezc.~bad rea! es~ate. B-Pram~urns on fire and wiadsrorm insura~.ce as here~n ~eq~;red to be carried on the ~mprovements situate o~ the above described premises_ C-Premiurr.s on such mortgage guaranty insurar:ce as mortgagee shail fren. t:me to time deem 4it to carry on the loan sewred hereby. Mortgagee sfiail from time ro t~ci~ r.or~fy mortgagcr in wnt~r.g p{ the amount due and payable hereundrr and suth sum shail thereupon be due and ,.ayable on the due tiare oi ibe n~xr r.:ontn~y payment and each successive month thereafser until mortgagee shall nonfy mortgagor of a chaoge in such a~~,ount. $uch sums sca'.i be applied by mortgagee toward tne paymeM of rea( pruperty taaes, insura~ce prem:ums, and mortgage guaraNy insurance p•emiums. , - WlTNfSS WNFREOF, the sa~d MOR7GAGOR has he+eu~to set his hard and seal the day a year first aforesaid. ~gned, Sealed iver ' the. presen e of: a4 i @S k' L - (Seap i Seaq Carol A. Carter ~~al~ S7ATE OF fLORIOA ~ c~ur~rY oF St. Lucie 1 Before me personafiy appeared James W. Ca rter snd Carol A. CaYLeZ ~ h~s wifr, to me well known and known to me to be the individuals described in and who executed the fwegoing instrument, and acknowtedged before me fhaf they executed ihe same fw the purposes rherein expressed. And the said ~9I'OI A. CaZtQZ Ni(e of ~he said `Tam@S W• Carter upon a xparate and private exam~narion by me taken separate and apart frorn her said husband, acknowledged to and before me that she executed said instrument freely and vol~n- ra-ily and w~thour any compufsron, constraim, aFprehens~on, or lear of or from her s"d bus6and. WITNESS my hand and official seal this-_ 1Sth day F~r =y A. D. I9 74 ' . . Norary Public i .~d for t tate f i ~t ar e My COmmissi expires: ~ Return To: first Federal Savings 6 loan Association of Fo.f a~.ce. f14E)D~ AH~~ kECJ(~ROEO - Fo~i PierCC, FlOric~a iT,RVC~E va~.~Nl;'~A. `\`'t~~~~l:,ll/1,i/~~~~'' CIF~~~~ :..;ti GOtlRT~~ „ ~f,;.n,, , . QFf.Gfr. :ET ~t,,.,w...~~ ' This (nstrument Prepared By John W. Col ' ~j ~ r^ ~r'.: ~ F~e~B 8 s$ ~N'7~ _ : First Federa) Savings 8 Loan Association = • `~y~i ' _ of Fort Pierce, ~2orida ' ALa ~ ' ~ = 2'~483~ : L ~ e ~ " ~ . . Checked By~.~ - -~~~i~~'`'~; ^ ~ 4 ~'l~• I. t! ~,ti ~~t , r 223 P~,::t2~~ ~ ~