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To place and continuovsly keep on the bu+'d;ngs now or hereafter ~~tuate on aa~d la~d and on sli equip~nent and per~onally cove~ed by this mo~lg- { ~g~, with sll premivms Ihercon pa~d in tutt, }~re insvrar.ce in the uiua{ sia~dard polity form, in a sum approved by Ihe MORiGAGEE, and winJstorm t insurance in the usua! s~andud {wGcy lorm, in s sum approved by Me MORTGAGEf, in tuch company or tompeniq as the MORTGAGEE may d'uecr, ~nd all firo and wlndstorm insuranca polK~as on any of sa~d Iwild~ngi, any interest there~n o? part thereol, in the aggre9a~e ~um ato~esald or in ~xcess ~hereof, shall con~ain ~he usual s~andud ma~gagee dause or such o~he~ ciause a: the Mwtgagee may requ~re, mak~ng thn lo~s under sa~d poli- ties, each and every, payab!e to sa~d h10RIGAGEE es ~~s iNeratt may appear, and each and every such policy ihall be promptly ais gned snd del~ven~d to •ny hetd by sa~d MORiGAGEE as (urther secwity to said mort9age drbt, and, no1 les~ than ten (t0) days in advance oi the expirat~on of each poticy, to da liva lo uid MORiGAGEE a renewal Ihe~eof, tagNher wi!h a reteipt for the premium of such renewal; and there shall be no f;re or windiior~n insurance placed on sny of said build~ngs, any intcrest there~~ or pa~t thereof, untess in ~he form arx! with the ?oss payable as aforesaid; and in the event any sum of money beco~ne~ payable under such policy or poGc~rs u1d MORTGAGEE ahall have the opf~on fo receive and apply the same on accou.~! of the indebtrd- neu secu~ed hereby a+o pennit uid MORTGAGORS lo receive and usa it or any pa~t Ihercoi tor ozhcr purF,oscs, v.:tnwt ~h_~~i,~ wa~~~,g cr ~~:.pau- iny any equ~ty, I~en a r~gh~ under a by vir~ue of ~his mortgage; and in ~he event ta:d MORTGAGORS shall for any reason fail to kcep ~he sa~d prem~ses so insured, or fai! to defiver pranptly any of seid pol1cies of insurarue to said MORTGAGEE, or fail promp~ly !o pay lutly any pre~nium therefor or in any respect fail ~o perfwm, d~scharge, execute, effect, comNlete, comply wirh and abide by this covenant, or any parl hrreof, sa~d MORT^vAGEf may place a~~d pay fw such insurance or any part thereof witF:out waiving or alfeding any option, lien, equ~ty, or right unde~ or by virtue of this Matgage, and tht fe,ll ~movnt of each and eve~y such payment shall be immediatety due and payable and shall bear interest irom the date thereof u~til pa~d at the ~ate ol ' nine per ceNUm per annum anci to~ether w~th such infereat shall be secured by the lien of thia mortgage. 1. To permit, tommit w sulfer no waste, impairment w deterioration of sa~d property a any part thereof. 5. To pay all and singu~ar the costs, cha~ges and expenses, ~nciuding a reasonable attwneY i fee and costs of absrracts of title, incurred or pa~d et eny time by said MORIGAG:E, because w in the event of the iailure on the pa.t of the said A10RTGAGOR.to duly, promptly and fully perlorm, d~uharge. exccute, etfect, complete, comply wrth and ab:de by each and every the st~puleuons, agreements, conditions, a~?d covenanrs of sa~d promiswry nere and this mwtgage any or eirher, and sa;d coat~, charges artd e~epenses, cach and every, sMtl be immediately due and payab!e; whe~her or not there be no+ice da mand, attempt to collcct o~ suit pend~ng; and the futl amount of each and every such payment shall bear inr~res~ from the dare tMreof vntil paid at the ra~e o~ nine pe~ centum per a~iu~rn; and al( said costs, charges an~ eapenses irtcv«ed or paed, togerher weh suth interest, shall be secu~ed by ~he t~e~ of this mptgage. 'r 6. TAat (s) in the evcnt of any b~eath of lhis Mortgage o? default on tir part of the MORTGAGOR, w(b) in the event any of sa~d sums of mo~ey hercin refer~ed to be not promptiy and fully paid wi+hin th~rty i3U) days next aftar tF+e same severatty became due snd payabte, withoW demand or notice. o~ (c) in the event each and every the stipu~a~ions, agreements, conditions and covenants o( sa:d promissory note and th~s mor~gage any or either are no1 iuly, promptly and futly perfwmed, d:xharged, eaecuted, eifected, completed, compt~ed wehh and ab~ded Sy, ~hen in e;ther a any wch eve~t the said ag- gregate sum mentiontd in said prortiissory note then ~ema;ning unpaid,. with i~terest accr~ed, and all moneya setured 'nereby, shall become d~e and pay- abSe forthwitA, w ~h~reaffer, at the option of said MORTGAGEE, as (ully and completety as if all of ~he said sums of money vvere onginalty st~pu~ated to be pa~d un such day, anything,in sa:d prom~sswy note w in this Mwtgage to the conrrary ~otwithiranding; and thereupon or thereafter at tF~ optien of said MORTGAGEE, witF.out notice or demand, suit at !aw a in equity, there(ore w thereafter begun, may be prosecuted as if all moneys secured hereby nad marured pnor to ~rs inst~eu~'on. - 7. That in the eve~! that at the beginning of or at any time pending any su~t upon th~s Morrgage, o~ to foreclo4e 7t, or to reform it, or to enforce payment of any elaims hereunder, said MORTGAGEE shall apply to the Cou~t having jur~sdict~on thereof for the appointment of a Receiver, such Court shall forthwith appoint a rKeiver of said mortgaged ptoperty all and aingular, i~tlud~ng atl and singular the ir.come, prof~ts, issues and ~evenues from whate~tr source derived, each and every of wh~ch, it being cxpre~sly understood, is hereby martgaged as if spec~ficafly set 4orth and dewibed in the g~anhng and habendum tlauses hereof, and suth Reteiver shall have all the broad and efiective funct.ons and powers in a~ywise entruated by a Courf to a Receiver, and s~ch appointmem shall be made by such Gourt as an admitted equity and a matter of absoiuta r;ghr to said MORIGAGFE, ar.d vvithout refe~ence to the adequacy or inadequacy of the value of the property matgaged or to the sorvancy or insoivency of said MORTGAGOR w the defendants, and rhat such rents, profits, income, iu~es a~d revenues shall be applied by such Recr~ver according to the lien or equity of said MURTGAGEE and the practice of such CouA. 8. lo duly, prompfly and fuliy perform, diacharge, execute, effect, comptete, to~nply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note a:.d this mortgage set forth. 9. That in the event the ownerahip of the mortgaged premiaes, o~ any pa.f thereof, 6ctomes vested in a pe~son other than the IAORTGAGOR, fhe MORTGAGFE, i~s successors and assigns, may, wirhout norice to the A10RTGAOR, deal with such suctessor a successor in interest with refere~ce to fhis mortgage and the dsbt hereby secured in the same manner as wish Mortgagor w~thout in any way vit~ating or discharg~ng the Mortgagors' liability herr unde~ or upon rhe debt hereby secured, iVo sate of the premises hereby morrgaged and no forbea~ance on the pari oi the MORTGAGEE or its successo~s or ass~gns and no exrension of the time for the payment ot the debt hereby secured given by the MORTGAGEE or its successws or ass~gns, anall operate ~o release, d~scharge, modify change or affect the orig~nal Iia6iLty of tne MORTGAGOR hereln, either in whoie or in part. 10. It is specificaliy ag~eed ehat time is of the essence of th~s contract and that no waiver of any obligation hereunder or of 1he obligat~on sr c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumeot secured herby. 11 _ In arid~tiu~ to the forego'~.g monthly paymznts of pri~c pai and inteiest required by the prom"ssory no!e secured hereby, mortgagor covenants and agrees ro pay to mortgagee v~~th each momhiy payr~,e~~t an add~sional sum est~n;ated by mortgagee to be eqvat to l,' i2 of the annual cosr of the fo~tow- int3: A-All real property taxrs levi~d o~ assessed ag3f•:s! the above desai~ed rea! esrate. B-Prem~ums on fire and windstorm ms:;ra~:ce as nerc;n requ~red ta be canied on the ~mproveme~ts s:tuate on the abovc described premises. t-Premiums on wch mortgage guaranty insura~,ce as mortgagee shail from t:me to time deem fit fo carry on the loan secvred hereby. Mortgagee shail from fime to r~n:e noriF; morrgagor fn wrihng of the amount d~P and payabte hereundar ar.d such sum shait thereupon be due and Fayable on the due date of th= r,ex! month:y payment and each successive menth thereafre~ w.r;i mcrtgagee shall r.oHfy morrgagor of a change in such ~ amouM. $uch sums sF.a:l be appiied by mo~tgag?e roward the payment of real property taxes, insura~ce prem:ums, and mortgage guaranty insurance p~emiums. IN ~NITNESS WHERFOF, the said MORTGAGOR has hereunto set his hand and sea! the day an year first aforesaid. I 5gned, Sealed and delivered in 1he presence of: I _ fL~.y ~ eq ~ t~' tness Ja es R. M le ~~ai~ ~ " (Sea1) i t•~i ess Mar et Male ~~a~~ ~ 57ATE OF FLORIDA ~ St. Lucie ~ couNTr oF ~ ~ .IdIDQ 5 R s~ f I?tale Before me perwnally appeared • y Margaret Maley his wife, to me welt known and known to me to be I ihe individuals described in and who executed rhe foregoing instrument, and acknowledged befwe me that they exetuted the same for the purposes 6 ihe.e~n exp~essed. And fhe said M~ rga rPt a 1 p~~ ; ~v.fe of the said James I~ . Maley upo~ a separate and private E e,cam~oation by me taAen separate and apart from her said husband, acknowtedged to and before me that she executed said instrumero freeiy and voluo- rarily and w~thout any compu7s~on, constraim, appre ertsion, or fear of w from her said h~sband. WITNESS my hand and official seal this y f ebr~ ry A. D. 19 74 ; FILEU:.!^ GcCpp0E0 • . i ST. IUCIC COUMTY Flw, Notary Pub4i - and for t tate of FI a at ~arye ' F.G:,~'~ ?t~tjRAS My Comm~ssion e~cpires: Rerurn 70: CLE?1( ~;:.~J;r ~ Q A~ ` r couRr First federal Savings S loan Assoua~idfir ~ ~ ~F ' ~"7' % i Of Foit P erce. • Fort Vierce. FioriJa FE8 18 9 oi AH~i~ ' 1.• _ 2'74.8~~C~~ ~ , ~t ~ . Gary F . Ellwood _ ~ ' T',~ . , - ~ ! ? This Instrument Prepared By : y ~ ~ ~ First Federal Savings & Loan Assouation - J _ ~ t of Fort Pierce , Florida ! ~ e ; , ~ , Checked By ~ sb', ' . :.r_~ 223 PA~~~~ ~