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To plw a~d con~inuously keep on tM bui!dings now w Mreafta ~itusle on ~aid I~nd ~nd oe~ ell equipmant and pasa+ally cov~red by thif mort~ egs, wilh all premivms thereon p+~d in 1u11, fire insura~ce in the ususl ~tandard po~icy fam, in ~ ium approv~d by the MORTGAGEE, and windstam insur~nu i~ ~M tnwl sundud poGq fam, in a sum ~pprovcd by tM MORTGAGFE, in fuch company or canP~o~~s ~s ~M MORTGAGEE may di.ectt ~nd all fin ~~d windsrorm in~ur~nc~ potkirs on ~ny of said bviidinp~. ~ny inter~st the«'a+ or psrt thereof, in tM +ygreya~e wm aforesaid or i~ eacess lhereof, thall contsie? tM usu~l standard mw~9agee clause w iuth other clsus~ ~i tM Mwt9age~ may require. m+Yirp tF» to~i u~de~ sa~d poli- *J cies, each a~d every, paYabl~ ro said MORiGAGEE as ~ts intrreal may ~ppe+r, and each and every such policy shsll be pranp~~Y a~s gncd a~d delivered ~O sny held by ssid MORTGAGEE further tecurity to uid matyage debt, ~nd, not le~i than ten (10) deys in sdvance of the expirNan of each policy, to d~- . I;ver ~o said MORTGAGEE a reixwal Ihereof, to~e~ha with a rece~p~ fw the premium of such renewal; and there sl~sll bs no fi~e or winds~o~m ini~ranc~ placed on ~ny of said buildin9~, any interest lherein o~ pa?~ ~he?eol. unleu i~ Ihe form and with the tou payabl~ ai ~(wesaid; and in the event any surn - of monty becon+es p+Yable unde~ wch potity a policies wid MORTGAGEE sFwU have ~he oPt~on to receive and ~pply tM iame on accounl of tM indebted- . ne~~ secured hereby o~ to permit ~aid MORTGAGORS to recsive and uss it w any part thrtaof ior other pu~Fwses, without tharebr waivi~~y or ~mpa~r• ~ ,Ia~ iny any equ;fy, l;en a righ~ uoder a by virtue of this mongaqe; snd !n the event uld MORTGAGORS shall for any reason f~il fo keep ~he s~id p~emisas so i~ • insu~ed, ot Iail ro de~~ver pramptly any of seid pu~~ties of insurance to said MORTGAGEE, ot fa~l promptly 1o pay f~lty any pre~n~um the~efo~ or in a~y respect fail to p~rtorm, d~3charge, exocute, effect, complete, :o~nply wi~h and abide by th~s co~enaM, a any par~ hereof, said MORTGAGEE may p~ate a~d pay fa sucF? insurance or +ny part thereol w~thout waiving o~ affectinp any o;.~io~, litn, equ~ty, or right under or by virfue of ~his Mw~ysge, and the ~ ~..i~ ,.t ~,ti .,,d .wrv u,ch oavmem slwll be immediatetv dve and paYable and shalt bear i~uereit from tho dat~ tF~ereof ~niil paid st the ~ate of n~ne pe? cenlum pe~ annum and to~ether with such interest shafi be secured by Ihe hen ot th~~ mwrgage• 1. To permit, commit p avffer no waste, impairrtxN o? detarioratien of said ~operty o? any part thereoF. S. To pay sll snd singula the cost~, charges ~r+d expensea, including a rcasonabte attorney's fee snd costt of ab~t?~ct~ of titte, incurred o~ paid a1 jny time by said MORTGAGfE, because o~ in the event of the failu~e on the parl of the said MORTGAGOR to duly, prompNy and fully perfam, d~uhargq execute, effec~, complete, comply wah and ab:de by each and every ~he stipvlat~ons, a9reen~enq, ca~difions, and coven;nts of said promissory note and thii morrgage any w either, and sa~d costs, ch~rpas and expe~ses, each and evay, shall be ~mmrdiately due and payable; .whether w ~ot there be norite de~ mand, attemp~ to collect o~ sui~ pend~ng; a~xl the full amount of each and every such paymeM ahall bear iMeres~ from the date thereof until paid +t ~he ~aie oi n~ne per crntum per ann~m; ani! all sa+d costa, cnarges ar.d ex~xnses incurred or paid, together with such intereat, sMll be secured by the lieo of this mortyage. 6. That (a) in the eveM o( any breach ot this Mo~tgage or defa~lt on the pa?t of the MORTGAGOR, w(b) in the event any of said sums of maney hcrein referred ro be no~ pranpity and fully paid within th~rly ~30) days next aiter the same severally betome due a~d payabl~, withoui demand w no~~ce. or tc) in the event each snd every the s~ipulations, agreementa. cond~tiona and covenants of sa~d p~o~usswy note and th~a mortgage sny o? eithe? •re rwl iuly, promptly and i~lly perfwmed, d~scharged, ezecuted, ef4ected, comQleted, complied w+th and aEided'~sy, then in titFxr or any svch evem the uid sg gregate sum mentioned in said promisswy note the~ remaining unpaid, with interest accrued, and all moneys setured he~eby, sha~l betome due and pay- ab:e forthwith, or thereafter, at the opTion oi said MORTGAGEE, as tu~ly ana completely as i( all of the said wms of money vrere wiginally stipulated ro be pa;d on such day, anything in sa:d prom~sswy no~e or in ihis /Awtgaye ro the convary ~otwifhstanding; and thereupoe o? thereafter at Ihe op~~on of sn:d MORTGAGfE, without notice or demand, suit at taw cr in equity, therefore or tliereafter begun, may be pros~cvted as if all moneys setured hereby n<d matvred pnor to ~p ins?7tvtion. 7. That in the event that at the bc inni oi w ai sn iime r.di~ ar+ ~ '~~s :'N:-'-= 3~, £°-f`-~'•°- n. rr~ ~force 9 ^9 Y Pe ~9 r ?ri+~~ . y.a°, ^ payment of any claems hercunder, said MORTGAGEE shall apply to the Court having ~urnd~ction thereof tor the appointment of a Reteiver, such Court shall torthwith appoinf s receiver of said mortgaged prope~ty all and singula?, includ.ng a:l and su~gular the irttome, profits, issues and revln~es from whatever s,~rce derived, each and eve~y of wh~ch, being expressly u:~de~stood, is hereby mongaged as if specifitally set forth and dewibed in the ~renting and };3bendum uauses t+ereof, and such Receiver shall have all the b~oad and effect~ve fur.ct,or.s and powtn in anywise entrusted by s Court to a Receiver, and s_ch appoiotrr.ent shall be made by such Court as an admitted eq~~ty and a ma~ter of absulute ri9ht to said MORTGAGEE, and withoul refererxe to the ec_'eyvacy or inadrq~acy oi ~he valua of ihe prope~ty mortgaged w to the sa:rcncy o. ~~so:rency of said MORTGAGOR a fhe defendams, and that such r~.,+s, profits, income. issues and revenuea shall be apptied by such Re.eiver accord~ng +o the lien or equity of said MORTGAGEE and the practice of such Court. 8_ To du!y, prompfly and fully perform. discharge, execute, effect. co~nplete, co:~~ply with and abide by each snd every fhe stipulations, agreemeots, condit'ana and covenants in said prOmissory note and tn:s mortgage set fort?~. q. That in the event the ow~ership of tfie martgaged p~emises. or any part thereof, betomes vested in a perwn other ihan the MORTGAGOR, thO :''~RTGAGEE, its s~ccessors and assignz, may, withe:,t no~+ce to ~he .V.ORTGt.pR, deai w~rh such sucteasw a successor in iMerest with referente fo this :-~-igage ar.d the d_b~ hereby secured in the same n:anr.er as w~th M.ortyagw w~thout in any way vitiating a dischargirg the 1Nortgagors' liabilify hera ~:^de~ or upon the drb~ hereoy secured. No sale u~ ti~. pre~,uses herrby ~~+o~~gaged ar.d no torbearance on the paA of the MORTGAGEE or its svccessws cr ass~9~s and no extension of the time for the payment ot t'r:e debt h~reLy secured give~ by the N10RTGAGEE or ita sutcessors or assigns, ahall operate n, re~ease, d~scharge, mod~fy change or afirct the or~gmai fiaoi:~ry of the MORiGAGOR }xrein, either in whole or in psrt. 10. It is speuficaily agreed rhat time is of the essence of this contract and that no waiver of any ob~igation hereunder or of the obligafion se- cvred h.:reby shalt at any sime thereafter be held to 6e a waiver of the terms hereof or of the instrumeM secured herby. 11. In acid!t;o~ to tfie ~orego>>g n+onthly p.~yments of pri~c"pa1 ar.d ~nteres~ reqwred by the p?omisso'ry note secured hereby, mortgagar tovensnts 3~d agrees to ~ay to m.o-tg~gee wirh each moc th~y , ay~nent an add:riona~ sum est~n~ated by mortgagee to be equal to 1/12 of the annual cost of the follow- A-All real p~operty taxr; levied w sss~ss_ci aga+•,st the atove descri~ed real estate. B-P~emiums ort lire and windstonn insurar.ce as iie•ein reqv:red to be ca~ried on the ~~nproveme~ts zituate on the above desvibed premises. I C-Prem~~ms on wch mortgage gua~anty icsu:ar ce ts mo*tyagee shall frcrc t:me ro time deem fit fo tarry on the ban secured hereby. ~ Mortgagee shaJ !rom. ~~n,e to t~~e notif~ mcrr~agcr m writ;ng of the amoum due and payable hereunder and suth sum shall thereupon be due and ~ ,.,:,h!e on th~ d~a date of ~h~ next montnty payment and each successive :*:onth the:ealter until mortgagee shall notify mortgagor of a change in such ~ e~~t. Suth sums sha;~ be app:ied by mor~gagee tor.a~d the payme~t of real property ta:es, insurance prem:ums, a~d mwtgage guara~ty insurance : ~•er~:~ums. IN ~YITiJESS V'lHERiOf, the sa3d MORTGAGOR has hereu~ro set his hand and seal the day and year first aforessid. Signed, Sealed and delivered in the presente of: • ~ sp / ' .G .n , ' csea~ S~aTE Of FtORIDA ~ Lt1C1@ $t. ~ ~GUNTY OF - Before me personally appeared ~be=S Clendenin and B@SS1@ Clendenin his wife, to me well krawn snd known to me to be ine individuals desuibed i~ and who executed the foregoiog instrument, and ~cknowledged before me that they executed the same for tFx purpous rhe~ein expressed_ And the said Be551@ Clendenin r:;re of the said Embers Clendenin upon s sepsrete and private c=aminat~on by me taken separate and apart from her said h~sband, acknowledged to snd befors me that sF~e executed said instrument freely and volv~- =_~:ty and w~thout any compulsion, constraint, apprehension, w fear of or from her said husba~d. a i9 ~4 :YITNESS my hand and offic~al xal this- 2nd day of y . ' ~ ~ ~ ~ v Notary Public in and ~or tFrc ate of , ida ~t Larye My Commiuion e:pires: Return To: ~y ~J-5 First Federal Savings a Loan Associat:on • Of fort P;erce. • . ' ~ ~~~{Nlllti~~~ . Fort Pierce. fio•eda p ,``ti~~ ~~~E A. ~ `Ep ?,MO aUN ~ ` J4~''~ ; ~'!~L"'-, ~~C~E~ ?p1t11 ~uRT , •s ~ ~ hi Instrument Pre ared B Joht~ W. Collins ~~EpX ~~'~~E~p~ ~`Q •4~b j~ T s P Y YER~iI ''a F: First Federal Savings b Loan Association IIECORG ~ ce-o~ r„ : of Fort Pierce Florida ~ ~ ~ 1~ . " ~ ~ = ' ~ ~ ~.A~~ c - : ~ "i Oti ~ • : ~ Checked By I• r~•~'••l~~'~ s 4~ ~ . ~ 0 R - "'''~'N,w~au~~~~. aooK ~7 PAGE 451 , ~ ~ . . . • s - ~w`~' _ e