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To plac~ and conrin~ousiy keep on the bui:d;np~ now a he~eafter situat~ o~ said I~nd and on all equipmenl and penon~lly covered by thi~ morty~ , ys, w+th all premium~ Ihereon pa~d in,full, fire insuranca i~ ~he viual sunda~d po?icy form, in • ium approved by the MORIGAGEE, •nd winds~um ; inwranc~ in tM uswl ~~andard poliq 1orm. in + sum app~oved by ~h~ N.JRTGAGEE, in ~uch companY o+ tompames as tM MORTGAGEE may ~r;; , directj ~nd ~II fin and wii+ds~orm ~ntu~anc~ po{icies w+ sny of said build:nyi. ~ny in~eres~ the~ein w part thereo(, in th~ ag9repa~e sum afueNid or ~ I~ ~aceu N?ereof, ihall contain ~M usu~l ~tandard mortys9e~ claus~ or such otMr claus~ ai tM Ma~y+gee may requ~n. m~kin9 ~hs losa under ia~d polr • cies, cach ~nd every, psyabl~ to said MORTGAGEE ai in in~erest may appear, ~nd each and eve~y ~uch policy ~ha~~ be Won+P~~Y ~~s 9^ed and delivered ~o any heW by sald MORTGAGEE as further ucurity to uid ma~gage dcbt, and, no1 leu 1ha~ ten 110) days in advance of the expiratio~ of each policy. ~o da IivN 1o said MORTGAGEE a renewal thereof, together with a rKeipt for the pranium of s~th renewalj and the~e ihall be no fire or wind~tor~n iniurance pliced on ~ny of aid buildings, eny inle~efl the~~~~ o~ pa~t thereo(, vnleu ie the form ~nd wi~h the lou p+yable at afweuid; a~d in tM event any sum of morNy becomes paYaWe unda such policy a policies ~aid MORTGAGEE shall Mve the opt~on to receive and apply the s+me on accoun~ of the indebted- ness secured htreby w ro permil said MORTGAGORS to rcceive and use it or any pa~t the~eof ior othe? purposes, v~lthout Ih.rcbi waiving o~ u~~Pei~' . I- in~ any equity, lien o~ right under a by virtue of this mortgage; and in ~he tvent sa~d 1NORTGAGORS sha~l fu any reason fail to keep the said p~emises so insured, d fail ro delive~ pra~+p~~y ~~Y o~ P~~Kies of insurants fo ssid MORTGAGEE, or iail promplly to pay fu:ly any p~e~nium therefw a in a~y respect fail W paform, dlscharge, eaecute, e(fect, comptete, comply with and abide by this covenant, a sny part hereof, said MORiGAGEE may place and pay iw such insurance or any parl thereof without waiviny or affettinp any option, litn, equity, w right undc~ ot by viitue of this Mortgage, +nd 1he full amoun~ of each and every such paymero shall be immediately dw and p~yable and ~hall bear interest from the date thereof umil paid at the rate ot nine per centum per annum and to~ether with such interest sha~l be setured by tAe lien of this mwt9,9g• 1. To permit, commit or suffer no waste, impai~ment or deterioration of said property w sny part thereof. 5. To pay all and singulu tF~e costs, charga and expenus, includirg a reasonable attorney's fee and costs of abst.acts o( tiNe, inc~rred or paid a~ any time by utd MOR~GAGEE, because w in the event of the iailure on the part of Ihe taid MORTGAGOR to dvly, prompdY and fully pe+form, d~uharge, execute, eltect, complete, comply w~~h snd ab~de by each and every the ~tiFw~atwns, +greements, conditiau. snd covenants of ssid p~om3ssory note and ~his mortgage any w e+ther. and sa~d costs, charges and expe~ses. each and every. sh+ll be immedialely due and paYable: whether or not there be notice dc mand, attemp~ ro collect « svit pend~ng; a~d the full ~nsau~t of each and eve~y such p+yment ihall bear • interes~ from the dste thereof unril paid ~t the rate of nine per ce~tum per annum; and all said cos~s, charges and expenses incurred or paid, togc~he~ w~th such Interest, shall be secured by the lien of tha mort9ays. 6. That (a) event of any breach o( thii Mortga9e w default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein rete~red to be not p~omptly and fully pald within thirty (30) days next af~er the un+e xverallY becane due and payable, witiw~rt demand or notice, or in the evens each and every the stipulations, agreemeros, cond7tions and covenants ot sa~d promissory note and M~s mwtgage any w either a?e nW iuly, promPtly snd fuUy perfamed. d~uharged. executed, effeded, compk~ed, complied with a~! ab~drd Sy. then in e~~her or any such event the said ag gregate sum nx~taned in said promissory note then remai~ing unpaid. with interest accrued. and all moneys secured hereby. shall betome due and pay- able forthwith, or thereafter, a~ the opt~on of said MORTGAGEE, as fully and complete~y as ii ~II o~ ~he sa7d sums of money we~e «~ginatly st~putated to be pa~d on iuch day, anything i~ sa+d p?om+ssory note or in this Mo~tgage to the contrary notwi~hstanding; and thereupon o~ thereafter at the option of said MOR~GAGEE, withovt notice a demand, suit at law or in eqvity, therefo?e ot therea(rsr begun, may be prosecuted ~s it atl moneys secured hereby had matured priw to its institution. 7. That in the event that at the beginning of or at any time pending any suit vpon this Matgsge, or to faeclose it, or to refwm it, or to enfwce payment of a~y claims hereunder, said MORTGAGEE shall apply to fhe Court having j~rNsdKtion thcrcof io~ the appointment of a Receiver, wch Co~?t s1w11 Forthwith appoint a reteiver of said mwtgaged propertY all ard singular, includmg all and tirgolar IFw intome, prol~ts, issues and revenues from whatever so~rce derived, each and every of wh~ch, it be~n9 expressly undrrstood, is hereby mo~tgeged as if spec~fically se1 fwth and desu~bed in the grantiog snd habendum clsuses hereof, and such~Receiver shall have sll ~he broad and etiectire funct~ons and powers in anywise emrusted by a Court to a Receive?, and wch appointment shatl be made by wch Cowt as an ad~^~~ed equ~ty a~d a matter of absolWe rigM to said MORTGAGEE, and without referMCe to the edequacy. a insdequaq of the value of the property mortgaged or to the so~veocy o~ Insotvency o1 said MORTGAGOR a the defendants, and that such rems, profits, encome, issues and rerenues shall be app~ied by such Receivet accwding ~o the lien or equity of wid MORTGAGEE and the practice of such CouA. 8. To duty, promPtly and f~lly F+eriwm, d~scharge. execute, effect. complete, comply with snd abids by each and every the slipulatans, ag~eements. conditions and covenants in sa~d prom~ssory ?wte and this mortgage set forth. 9. lhat in the event the ownership of ~he mwtgaged premises, w any part thereof, becnmes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wSthout notice to the MORTGAOR, deal with such succeuw a successor in interest with reference to this mo~tgage and the debt hercby secured in the same ma~ner as wilh Mortgaga without in any way vitiating w distharging tl~e Mortgagon' liabilify I+err under or upo~ the debt hereby secured. No sale of the premiscs hereby mortgaged and no forbea~ance on ~he part of the MORTGAGEE or its wccessors or ass~g+u and no extension oi the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, sMll operate to rekau, d~xharge, modify change a affett the orginal liabiliry of the MORTGAGOR herein, either in whole w in p~rt. 10. It is spec~fically agreed that time is of the essence of this connad and that no waiver of any oh~:gatEon herevnder or of the oblegateon sr cured hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrurt+ent sec~red herby. 11. In add~tio~ to the fwego:~g monthly payments of princ'pal and inrerest required by the ptom~ssory note secured hereby, mortgagor covensnts a~d agrees to pay to mortgagee w+th each monthty payrrtent an add~r'wnal s~m est~mated by nwrtgagee to be equal to 1/12 of the annual cost of the follow- ing: A-Afl real property taxes levied w assessed against thc above described real estate. _ B-Premiums on fire and windstorm inwrance as herein requ~red to be ca.ried on the improveme~n situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mo~tgagee shall from time to time deem fif to carry on the ban secured hereby. Ii Mortgagee shail from t~me to time notify mortgagor in writi~g of the amount due and payabte hereunder and such surn shall thereupon be due snd ~ ~ayable on 1he due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such ~ amount. Such sums sF.all be appGed by mortgagee toward the payment of real property taxes, i urance prem,ums, and mortgage guaranty insurance ~ premiums_ ~ ~ ~ E IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the d ~and year first aforesa+d_ r Sig~ed, Sealed and delivered in the prese~ce of: i ~w Q _ V q ~ Gerald W. Sch in r ,q ~ - ~ . < «n • j _ - . MildiCed Schr iner (xaq STATE ~FLORIDA 1 ~ St. Lucie ~ ~ COUNTY OF ~ Befae me personally appeared Gerald W. Sehriner snd ~ Mildred Sehriner his wife, to me well known and known to me to be : the individua!s dexribed in and who execvted the fwegang instrument, and atk~wwledged before me that they exetuted the same fw the purposes ` therei~ expressed. And the sai Mildred Schriner ,N~fe of the wid ~raid W. Schriner upon a separate and private examinstion by me taken uparate and apart from her said husba~d, atknowledged to and befwe me ihat she executed said instrument freely and volun- tarily and without sny compulsion, constraint, apprehension, fear of or from her said husband. WITNESS my hand and of(icial xal this ~ day of AP=11 A. D. 19 74 ~ • Notary Public in a~d fw the fe of Florida at lar~e My Commiuiw~ expiros: ~ 0.3 I•^ ` Return To: • , ~ ;y`; First federal Savings a Loan Assotiation ~ Of Fort P~erce. ~ , , ~ ~ ~ Fort Pierce, florida F Q A~~ aEC~R~p _ ~ ~ ~ ~ ~ ~LI{CIE C4NNTY flA. _ ~ ' - ~OCER POIIIUS - ` ' ; = . CIERK CiitCU1T COU11T - ' _ . ~ ~ RECO~t` V~?~tEO : 7 ; This Insirument Prepared By J. H. Robezts Jr. ~ First Federal Savings & loan Association Y,r 3 rQ 24 ~ . ~ ^ = , ` of Fort Pierce, Florida ~~r''~~~t~~~•• Checked By sooK zz7 PA~ s29 - . - - - C~ Z _ 1-,~-»; _ , -r - ~ r~~~~~ ¢ =