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To ptaca and continuousiy keep on the bui;d~ngs ~ow o~ hereafter ~iruate on said land and on all equ~p~nent and perso~sliy covered by this mortg- ~g~, wlth all p~em~ums ~hereon pa~d in full, fare insurance i~ the usuat irarxiard policy iorm, in ~ tum approved by ~he A10RiGAGEE, and w~nde~orm in~w~nce in the uswl atandard policy iorm, in a sum approved by the MORTGAGEE, in svch company or com~anies as tha MO~TGAGEE m~y direch and a!! fi~e and windstorm inivrante poliues on any o( aaid build~ngs, any iNen~t Iherei~ or parl Ihereof, in IM ~99regNe sum aforesaid a r in excest thereof, ihall cuntain the usual sta~dard matgaflee dause or such o~he~ clauss at tM Mortoagee rt+~y ~equus, msMin~ the lost undr sa+d poli- cies, each and every, payable to wid A{ORTGAGEE as it~ inte~e~t may appear, and esch and ave~y suth potity sha~l be promptlY ass gned and de~ivered to any heid by sa~d MORiGAGEE as furthei ae<urity to said mortgage debt, and, no~ leu ~han ten (10) days in advance of the expirat~o~ of each pofKy, fo da I~ve~ 1o said MORTGAGEE a rcnewal thereof, togNher wifh a receip~ for the premium o( suth renewal; and ~he~e shall be no i~re a winditorm i~surance p~aced an a~y of sa;d build~ngs, any i~terest there~n or pa.t thereof, unless in ~he form snd with the loss payable as afo~ese~d; ~nd in the event any tum of money becomes payable under such policy w polKies said MOR~GAGfE ahall have ~ha oplion ro~ece~ve and apply ~he same oo account of the i~debted- neu secured hereby w ro permit said lNORiGAGORS to rrteiva ~nd uss it or any part thereof fw o:ncr purF.oses, .v~Ihout th~.cu~ vvaivi:,3 ~r u,~pa~r- ~ng any equ~ty, Iien or righ~ under or by virtve of ~his morsgage; and in the event ia~d MORTGAGORS shall fa any reason fail to keep the said prem~ses w insured, w fail lo deliver p~anptly any of said policies o( insurance to said MORIGAGFE, or fail promptly to pay fu~ly any premium thereio~ or in sny rrspect }ail to pe.form, d~scha~ge, execute, elfecL complere, comply with snd abide by, this cove~ant, w any parl hereoi, said MORTGAGEE mey place and pay for s~ch insurance or any part Ihe~eof w~~hout waiving w affeding any option, tien, equ~ty, or right unde~ w by virtue of ihis Mw~gage, and tht f~li amounr of each and every ~uch paymrnt shaU be ~mmediately due and payable and sha~l bear inte~est from the date thereot un?il pa~d at the rate ol n~ne per tenrum per an~um and togethe? with such inte~est shall be secured by the lien of th+s mortgage. 1. To permit, commit or suffer no waste, impairment w deterioralion of said property p eny part thereof. 5. To pay all and singular the costs, charges and expe~ses, including a reasonabie attorney's fee and costs of abstracts of title, incurred or paid at eny time by sa+d MORiGAG:E, becauu a in ~he event of ~he faliu~a on thc part o( ihe said MORTGAGOR to duly, promptly and fully periorm, d~xharge, etiecute, eiFect, complere, comply wrth and ab:da by each and every ihe i~~pulauons, agreeme~if, cond~~ions, and covenants o( sa~d promissory nore and this mortgage any or eithzr, and sa~d costs, charges and expenses, exh and every, shall be immedialely due and payaGle; whether or not tMre be notice do- mand, attempt to co11eU or suit pend~ng; and the full amount of each and e~e~y such payment shall bear interest from the date thereof until paid at the rate of nene per cent~m per an:~um; and all said costs, charges and expenses incurred w paid, together wuh such interesf, shall be setured by the lie~ of th~s mortyage. 6. Thaf (a) in the evenl of any breach of this Mortgage or defauh on tF+e part of the MORTGAGOR, a(b) in the event any of u~d suma of money herein reEerred to be not promp!iy arxl fully paid with;n thirry (30) days neat after ihe same seve~atty become due and payable, wilhout demand or notice, i or (c) in the evcnt each and every the stipulations, agreements, conditions and covenants ol sa~d promissory note and th~s mortgage any w either are not ~uty, promptly and iully perfo:med, d~scharged, e+cecuted, effected, completed, compl~zd w~th and ab~ded by, tt?an i~ eiiher or any such event the sa~d ag gregate sum mentioned in said promissory noro then remaining unpa;d, with inrerest accrued, and all moneys secured hereby, shaU become due aod pay- abie ~orlhwith, or Ihereafter, at thc eption of said MORTGAGEE, as fully and completety as ii all of the said sums of money were origin~lly s~ipulated ro be pa~d o~ such day, anythirg ~n sa:d prom~ssory note or in th~s Mo~tgage to the contrary nor~vithstandzng; a+rd ?he?eupon or thereafter at the op~ion of said MORIGAGEE, without not~ce or dernaod, suit at law or in equity, tl~erefore or thereafter bzgun, may be prosecuted as if all moneys secured hereby had matured pnot to its instituticn. 7. That in the event that at the beginning of or at any time pending any su~t upon this Mortgage, or ro fo.eclose it, d to reform it, or to enforce paym.ent of any c'raims hereunde~, said MCRTGAGEE shafl apply to the Court h.aving juriadictio~ thereof for ~he appointment of a Receiver, tuch CouA shail Forthwirh appoint a receiver of said mortgaged property a!1 and singular, inc{ud:ng a!1 and singufar the income, prof~ts, iasues and revenues from whatevtr source derived, each and every of wh:ch, it beirg expressly undersrood, is h.ereby moitgaged as if speufically set forth and deuribed in the granting and habendum clauses hereof, and such Receiver shalf have all the broad and effeaive funct,ons and powers i~ anywise entrusted by a Court to a Receive~, and s.;ch appeintment shall be made by such Court as an admitted equity and a matter of abso~ute right ro said MORTGAGfE, and without referente to the acfequacy or inadeqvacy of the valve of the property mortgaged or ta the so~vency or ~nsolvency of sa~d MORTGAGOR a the defendants, and that such renn, profits, income, issues and revenues shall be appiied by such Receiver accord~ng to the iie~ or equ~ry of said MORiGAGEE and the practice oi such Court. 8. To cluly, promptly and fu!!y pe~fo~m, d;scharge, execure, ef4ect, complete, compiy w~th and abide by each and every the st~pulations, agreements, conditions and covenants in sa:d prom~sso~y note and th;s mortgage set forth. 9. That in the event the ownership of the mortgaged prernises, or any parf thereof, becomes vested in a perwn other than the MORTGAGOR, the !.',ORTGAGEE, its successors and assiqns, may, wirhout no=ice to the MORTGj.OR, deat wi~h such successor or successw in interest with reference to this mortgage ar.d the debt hereby secured in the same ma~ner as wiih ~Aortgagor w+thoW in any way vit~ating a d~xharging ihe Mortgagors' liability fxrr Under or upon the debt hereby secured. No sale oi the przmises hereby mortgaged and no forbearance on the pa~1 of tFa! MORTGAGEE or its successors or ass;gns and no exter.sion of the time for the payment of the debt he.eby secured given by the MORTGAGEE or its successws or assigns, shall operate ro release, d~scharge, modify change or aff~ct the original liability of tix MORTGAGOR herein, either in whole w in psrt. 10_ It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder p of the obligation se- c~red hereby shal! at any rime thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11_ In add,t~oa to the forego ng moMhly puyments of princ pal and imerest required by the promissory note secured hereby, mortgagor covenants ar.d agrees to pay ro moftgagee v~ith each monthly payraent an add~:~onal sum est~mated by mortgagee to be equal to 1 j 12 oi the annual cost of the folfow- ing: A-A!! rea! propert~ taxzs leviec' or assessed against the above descriyed real estate. B-P+em~ums on fire and windsto~m insuracce as herein requ~red to be ca~ried on fhe ~mproveme~ts situate on the above described premises. G-Premiums on such mortgage gua~anty ir.sura.~ce as mo+tgagee shall from t[me to time deem fit to carry on the loan secured hereby. Mortgagee sha;l from time ro nme norify rr,or:gagor in wrinng of the amou~t due and payable hereunder and such sum shaH thereupon be due and csyable on the due oate of the next montn:y payrnem ar.d each successive month thereaitcr ur.til mo~tgagee shall not;fy mortgagor of~~a change in such a~~~ount. Such sums stialf be app`ied by mertgagee tovvard the ~ayment of reaI property faxes, inswance prem:ums, and ortgage gvaranty insurance , remiums. 1N Y~ITNESS `NHEREOf, the said MOR7GAGOR has hereunto set his hand and seal the day a year or i 'gned, Sea~ed and deiivered in the presence ofc FT ' p1 ~CT P. ~ fSj~F~: ~cC~R~FD BY: 1! : _ ~ :,N I r ;ri;~ w' u c~.~v -?RS . . er as dent tseap i ~ r.~ s'~ ~L~RT ATTES~' ai~ ' - FFa ~g j g;,~- „ 1^~ r A. K ile as Secret i • - - - -i 9 Am ` 7~i 1~' _ . _ -s_( ` ~ 2'~748~'7 ~ ~ ~ STATE OF FLORIDA COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this ___t. ~1~,.L._day of`__~ February A.D. 19 74 , . ° oefore me personaNy appeared D. J. HelleY and r~rlys A. Heller s ; ~ espectively President and _ Secretary , of Ft. Pierce Construction Coxp. Florida - ~ . a-- - Corporation, to me ; known to be the persons described in and Niho executed the foregoing instrument, and severally acknowledged ihe exe- s cution thereof to be their free act and deed as such officers for the uses and purPoses therein mentioned; end that they. affixed thereto the official seal of said co~poration, and the said instrumen! is the act and deed of said corporation. ; WITNESS my hand and officia! sea! at Fort Pie?ce , said couniy and state. This Insurument prepared by 3. H. Roberts, Jz. First Federal Savings and I.oan Associatio . t cf Fott Pierce, Florida ~~jzldt~'rjl,tpbb(~4, in and for St t and County aforesaid. 3 N~Y Eo~MRN~stoc~ Expires: 9u~ ~ c+c!- o£ f'..r2c. .ar~e f ~ ~ - No+a~r <<, _ ~ ~9' • . ~ ~ ~ ~ E-~ire: 0::. _ :;i'~ ~ V • , l-~ ; I~Y ~orm'ssio lt CA• - _ . ~.e.c::san f:re L Cosuo Y F ~ ~ " 8ot~ci~d bY i Checked By _ J - Z. ~ J . ~ ~ ~ Q • . ~',.r~~'''•.,.....••ti c--~ 2~3 Fa~E28 , : ~ ~jr••:~~J~' . " ~