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To p~acs and con~inuously keep on the bui'dings now o~ hereaf~er •ifuate on said Isnd +nd on a~l equipment and perwnal~y cove?ed by this mw~g~ ~ sy~, with all premium~ ~hereo~ pa~d in full, f~re inivrance in Ihe uival standard policy form, in a sum approved by 1he MOR(GAGEE, and windstorm 1 i~swance in Ihs usual ~tandard pol:cy form, in a ium approved by the MORTGAGEE, in such company o~ canpanies as th~ MORTGAGEE msy d7rect; and all (irs and w~nd»orm tnsuronce polic~es on any of sa~d bu~~d~~+pi, ~ny inlerest therein or part the~eof, i~ the a99regs+e ~um ~fweiaid or in taces~ thereof, thall :ontain the usual standard mortgaflet ciause o~ such o~her clauss as Ihe Matyagee m~y reqv~r~, maAiny the loss under sa~d po~F cie~, exh ~nd every, payable to said MORTGAGEE a~ ~ts interest may appea~, and each and every t~ch policy shalt be promp~~Y ass gned and delive~ed ~o •ny held by said MORiGAGEE a~ (urthe~ security to said mortgage debt, and, no~ less ~han ten (10) days in advancs of the expir~tion ol each poticy, to de- IivN fo said MORTGAGEE a re++ewal thereof, together with a reteipl (or the premium of such renewal; end there shall bs no f~re o? w~~datam insursnte plxed on ~ny of said buildingi, any interett ~he~ei~ a p~~~ thereof, vnless in the fam ~nd wi~h the ~ou paYable at •faesaid; and in the event any wm , of money becomet payable under such policy or policies ~sid MORiGAGEE shall have ~he oprion w ~eceiva and apply the s+me on atcount of the indebied- neu secured he~eby w te permi~ said MORTGAGORS to receive and use it or any part Ihereoi for otner purposes, .vi~ho~t ~ha.eo~ wa~v~~i~ o~ ~~~tpa~r- ; iny any equ~ty, lien w right under w by virtue of this mo:'gage; snd in the evem ~aid MORTGAfiORS ~hall fa any ~eason fai) to keep the u~d premisrs so ' ; insured, w fail to detiver promptly any of said pol~des ot insurance to taid MORiGAGEE, o~ fail promptly to pay iully a~y p~em~um therefor or in any ~ re~pect (ail ro pafwm, discharge, eaecute, effec~, complNe, comply wi~h a~d abids by thia covenant, a aoy part hereof, said MORiGAGEE may place and pay fw such i~svrance o? any part the~eof without waiving d affecting ~ny option, lien, equity, w right unde~ w by virtue of this Ma?gege. u+d the " f~ll ~moum oi each and every such payment shall be immedia?ely due sod payable and ~hall bear interest from tF?e date thcreo( until paid at the rats o1 nine per centum pe~ annu~n and together with such interest shali be secured by the lien of ihis mottgage. 1, To permit, commit or suffer no waste, impairment or detrraration of said property a any part lhereof• 5. To pay all and singular the costs, chargei snd expenue, inctuding a reawnsble attaney i fee__and costs of abstractt of title, incurred w paid at • any time by sa~d M.ORSGAGEE, betausc w in the event of the failure on the psrt of the taid MORiGAGOR to duly, promptly snd fvlly pe~form, d~xhargs. . :,cecute, effect, complete, canpty w~~h and ab:de by each and eve~y the st~p~,lat~o~s, ag?eeme~ts, conditions, and covenan~s of said promissory no~e and this mortgage +ny o~ e~rher, and sa~d costs, cMrges and expenses, each and every, sMll be immedi~tely dve and payabte; whether w not tlxre be notKe de : mand, attempt to collec! a suit pend~ng; and the full amouM of each and every such paymem shall bear iroerest from the d+te tF~e~eof umil paid at the ~ ratc o~ nine per trntum prr annLm; and all said tosts, tharges and expenses inc~r?ed or paid, together w~th such interest, shal) bt setured by tFro lien of this morl9age. 6. That (ay in the event of any breach of this Mortgage or default on tM part oi the MORTGAGOR, a(b) in the avent any of sa+d sums of nw~ey heroin referred to be not promptly and fully paid within th~rty (301 days ncxt aiter the same severeily become due and payabk, without demand o? notite. or (c) in the event each and every the stiputations, agreements, cond~tior,s and covenants of sa:d promissory note and th~s mortgsge any o~ either are not ~uly, promptly and futly performed, d~scharged, exccuted, elfected, compteied, compl~ed with and abided by, then in e~ther a any svch eveM Ihe sa~d ag gregate sum mtntioned in said promissory note then ~emaining unpaid, with interest accrued, and all moneyt xcured hereby, shall become due and pay~ able forthwith, w thereaSter, at the opi~on df sa~d MORTGAGEE, as ivlly and compte~ety as if sIl of ~he said wms of money were a~ginally st~pulated to be paid on suth day, anything in sa:d prom~sswy note w in this Mwtgage totihe contrary notwi~hstanding; and thereupo~ w thereafter at the op~~on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted ~s if ~II moneys secured hereby had matured pnw to its irutitution. 7. ihat in ?he event 1ha1 at the bcg~nn~ng of or at any time pendirg any suit vpon this Mwtgage, or to fweclose it, ot fo reform it, w fo enforce payment of any claims hereunder, said MORTGAGEE shail apply to the Covrt having j~~~sdidion lhereof for tlx appointment of a Receivet, such Cour1 shall Forthwith sppoint s receiver oi uid mwtgaged property all and singular, includ~ng all and singular the income, proiits, issues and revenues from whatever source derived, each and every of wh~ch, it be~ng expressly unders~ood, is hereby mongaged ss if speu~ically set fwth and described in the yranfing and Fabendum clauxs hereof, and such Receiver sHall have ail the broad and efiective func~~ons ard powers in anywise entrusted by a Courf to • Receive~, a:+d s::ch appointment shall be made bY such Coun as sn admitted equity and a matter of absolute right to said MORTGAGEE, a~d without reference to the edequaty w inadequacy of the value of the prope~ty mortgaged or to the so:vency w insolvency of seid MORTGAGOR or the defe~dants, and ihat such re~rs, p~ofits, income, i:sues and revenues shali be applied by such Receiver accord~ng to the lien w equity of uid MORTGAGEE snd flx practice of such Court. - 8. To duly, promptly and fulty perfo~m, dixharge, execute, cffed, complete, comp~y w~th and abide by e~ch and every the stipulatio~s, sgreeme~ts, conditions and covenants in sa~d promissory note and Ihis mortgage sei forth. 9. That in the event the ownership of the mortgaged prem~ses, w any part thereof, becomes vested in a penon other than the MORTGAC{~R, the hSORTGAGEE, its succeuws and assig~s, may, without norice to ~he MORTGAOR, deal with such successw o~ successa in interest with reference to this mortgage and the dtbl hereby secured in the same manner as with Mortgaga without in any way vitiating o? discharging the Mort9agors' liability herr under or upon the debt hereby secured. No sale of the Fremises hr.eby mortgaged and no twbearance on the part of the MORTGAGEE or its svtcesso?s or ass~gns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its succeuors w assigns, shall operate to release, discharge, mod~fy thange w affett the original liabil~ty of the MORTGAGOR hcrein, eithe~ in whole or in part. 10. It is speufically agreed tha~ time is of the esse~ce of this contract and tha~ no waiver of any obligaiwn hereunckr a of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. i 1. In add~tion to the Forego:ng monthly payments of p~inc"pa1 and interest required by the promissory note secured hereby, mortgagw tovenants end agrees to pay to mo:tgagee with each monthly pay.neM an add~~ional sum est~mated by mo~tgagee to be equal to 1 j 12 of the annual cost of the fol{ow- ing: i ~ A-All real property taxrs levied or assessed agai~st the above desuibed real estate. ~ - j B-Premiu~ns on fire and windstorm insurar.ce as.here~n requ~red to be carried on the improveme~ts sitvate on the above descri premisei. f C-Premiums on such mortgage guaranty ir.surance as mortyagee shall from t~me to time deem fit to carry on the loa~ secured hereby. ~ Mortgagee shail from time to time notify mortgagor in writing of the amou~t dve and psysbfe hereunder and such sum shall thereupon be dut and c,ayable on the dve date of the next mon!h!y paymeM and each success~ve month thereafter ur.til mortgagee shall notify mortgagor of a cbange in wch { a~-:ount. Such sums sFa".1 be applied by mortgagee toward the payment of real properry ta:es, insurarxe prem:ums, and mortgage guaranty inwrance ~ p~emiums. 3 IN WITNE55 WHEREOF, the said MORTGAGOR has hereu~to set his hand and seal the day and year firsf afwe d. i ned, Sea! and deliv in t presence of: ' ; 1` Sea4 ~ / aq ~ ~ Seaq ~ Seap SjATE OF FLORIDA - ~ St . Lucie u' ~OUNTY OF ~ Before me perso~aUy appeared Gerard D. Lanqel and ~ Sharon D. ~Ilc~. CZ his wife, to me well known and knawn to me to be ~ the individuals deuribed in and who executed tF~e foregang instrument, and atknowledged before me ihat they executed the same fw the purposes ~ rherein exp~essed_ And the said Sharon D.- Langel ~ wlfe of ~i~e said C~era~ed I-a?ngel ~po•~ a sepa~ate a~d p?ivste c' ~,amination by me taken separate and apart from her said husband, atknowledged to aod before me that she executed said instrumeM frcelr arid volun- ranly and wAhout sny compulsion, constraint, apprehens~on, or fear of or from her said husband. ~ • ~ WITNE55 my hand and official seal th]~ lsth dsy of A ril ti,K~~,l., 197~ . . _ Notary Publit in snd ihe Sta ~of~ q~Ids ri lat~a; My Commisiwn expi(es: ~ ~ ~ , ~ ~j : ~Q r Return To: . ' _ ~ ~ ~a~ - First Federal Savings 3 Loan Association I ~ ~ ' O( Fo~t P~erce. K^+~~RY Pu2.!C, STl.TE of jl0 A IA~GE ' 7 w h:Y Lti'';..'.iiSSiQN EXPItiE.t ' ~t ~ 19J7 ' v ~ ~ For t Pier ce. F l o ri d a G p f t u C 1 u y h l i l f: 6 d 1 1 d d f y k E~ j~~ :t C l5' DT • °Tf~~~ :r`= it~OAlL~ ~tEC011 E~0 This Instrument Prepared By RiChard K. Kdyes ~~~;,p~~n ~ First Federal Savings 8 Loan Association RaCi& P?~TMS ~ ;=~~j of Fort Pierce , Florida CLER[ CIRLWT COYM - RECORO VEF~rtE6 i~~; Checked By ~ - ~ ~9 9 2~ a~ ~za s°oo~ ~s Yac~1~~7 2'799~8 ~ _ _ - - ~ ' ~ - ~ -