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To plac~ and continuously keep on tFa buildings now w he~eait~r situaN on iaid I~nd and on all equipment ~~d ptrso~ally tovered by thit mo~lp- ~ sgs, with all premiums theroon pa~d in full, fir~ insur~nce in ths usual ~~u+dard pol~cy form, in ~ sum approved by ~M MORiGAGEE, and w~ndstorm ' inwr~nc~ i~ tM ususl ~tanda~d pol~q (am. in a sum approv~d by ~M MORTGAGEE, i~ such compa~y or compani~s as tM MORTGAGEE may ` dirtds and sll flr~ and w~nd~torm insurance policies o~ any of uid buildinys, any i~l~rest 1her~in or pa~t thereof, in tM ~ygre9+te ium afaea~d w• in ~xceu thereof, shall contain the usual itandard matgaqe~ claui~ or such otMr clavH ~s tM Matyaye~ may requ~re, m+kinp the los~ u~der sa~d poli- cies, each and evHy, payabla ro said MORTGAGEE +s ~ts intere~t may ~ppear, a~d each and ~very tuch polity ~hall be p~anp~~y ass gned and del~vered ~o ~ny hsld by said MORTGAGEE as (u.tF?Q~ security to said mortyage dcbl, snd, r+ot leu than t~n (10) days i~ ~dvancs of the expir~t~on of each polrcy, to da livK to ~aid MORTGAGEE a renew~l thereof, topethN with a rete~pl for the pr~mium of suth renewal; snd there ~hall be no fire or windslorm insu~anc~ plac~d on sny of wid buildings. any interest thtrein w part thereof, unless in tFN form snd with tM loss payable ~s a(ortuidr and in the evenl any ium oi awrtiay izeca~:es payahic uai3cr s::cFi p'viiZj iit ~3iiti23 iaid .'OR1vAGEE il+a!! haF~e tho optiQn to recr:ve and agply the same on acco~M of the indebtrd- neu setwed hereby w ro permit said MORTGAGORS to reteiw and ute it or any part thereo( fw other purposes, w~~houf tharcb~ waiving or unpair• - inp any equ~ty, lien w righl u~de~ or by virtw of this morsgag~; a~d in the even~ s+id MORTGAGORS iMll iw any reason iail to keep ~he said premisas so iniurcd, o~ fail to deliver promptly any of said policies of insuranc~ to said MORTGAGEE, w fail promptly to pay fully any pre~nium therelw w in any respect f~il to pNfwm, discharge, execute, ef(ect, compfets, comply with ~nd abids by this covenant, a+nY part hereoi, ssid MORTGAGEE may pl~ce and pay for tuch insvrancs or ~ny part thereof without waiving or ~ffectin~ any option, lien, equity, or right unde~ a by vi~tw of this Mwtgaye, and tF?e full artw~nt of each and svcry such payme~?t shall be immediately dw and p~yable and shall be+r interest from the dats thcreo( uroil paid at the rau of nine per cer?tum per a~num and to~ether with such interesl shall be secured by Ihe lia? of this mortyage. 1. To permit, commit or suffe~ no wasts, impsirment or deteraration of said prope?ty or ~~y p+~1 thereof. S. To pay all and singulu ihe costt, cMrga and expenses, includin~ a rcasonable attwney's fee and cosls of abstracts of title, incurred w psid at any time by said MORiGAGEE, beta~se w in the svent of ~hs failure on the part of the ssid MORTGAGOR to duly, promptly and fully perfwm, d~xharge, execute, effed, tomplete, comply w~th a~d ab~de by each and every ~he stipulations, agreeme~ts, conditions, and covenants of said promistory r?ote and this matg~ge any w e~~her. and sa~d costs, cMrges and expenses, each and evmy, shall be immediately due and psyable: whether or r+ot thero be notice de mand, attempt to collect or tuit pend~ng; and the full smovnt of each and eve~y such paymeM shall bea~ interest from the date the~eof until paid at the ra~e of nine per centum per annum; and all said costs, charges and expenses incurred w paid, together with such interest, shall be aecured by the lien o4 thit mortp~. 6. That (a) in the ev~nt of any breach of thii 1Nortgsge a default on the part of tF?e MORTGAGOR, w(b) i~ the eveM ~ny of sa7d sums of money herein referred to be not promp~ly and fu~ly paid within thirty (30) days next after the same severaily becane dve and payable, without demand a norice, or (c) in 1he event each and every the stipulations, sgreemenn, conditions and covenants of sa~d promissory note and th~s mortgage any w either are nol iuly, promptly and futty perfwmed. d:scharged, executed, effected. completed. complied with and abided by, then in either w any such event the ta~d ag gregate sum meNioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the op~~o~ of said A10RiGAGEE, as fully ~nd completely as if all of the said sums of money were aginally st~putated to be paid on such day, anything in sa:d p?omissory note or in this Matgage ro the cororary notwithstsnding; and thereupon or the~eahef af the opt~on of said MORTGAGEE, without notice or demand, suit at law w in equity, tlx~efwe w thereafter beg~n, may be prosetuted ~s if all moneya secured hereby had matured pnor to its inslitWion. ~ 7. That in the event that at tFro beginning of or at any time pending any suit upo~ this Morfgsge, w to fweclose it, or to reform it, or to enfwce payment of any claims hereunder, ssid MORTGAGEE shall appty to the Cou~t having ju?isdiction thereo( for the appointment of a Receiver, such Co~rt shail forthwith appoint a receiver of said matgaged property ill and singutar, includ~ng all and sirgular the income, p~ofits, issues and revenues from whatever source derived, each and every of whKh, it being expressly understood, is hereby mortgaged as if apeciiically xt fath a~d deuribed in the granting and habendum clauses hereof, and such Receivcr shall hsve all the broad and ef(ective funtl~ons and powers in anywise entrusted by a Court to a Receive?, and such appointment shall be made by such Court as an admitted equity snd s malter of absolute right to said N10RTGAGEE, and withoul retcrente to the adequacy or inadeq~acy of the value of t4e properry mo.tgaged w to the sotvency a insolvency of said MORTGAGOR or the defendants, and that such renrs, profits, i~come, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. . - 8. To duly, promptly and fully perfwm, diuharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agrcements, { conditjpns and covenants in sa~d promissory ~ote and this mwtgage set torth. 9. That in the event the ownership of the mortgaged premixs, w any part thereof, becomes vested in a person other than the MORTGAGflR, the ~ MORTGAGEE, its successors and assigns, may, wifhout nofice to the MORTGAOR, deal with such succeuw w successor in interest with retetence to tnis mo~tgage and the debt hereby secured in tF~e same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under w upon the debt hereby secured. No wle of the Frem;ses hereby mwtgaged and no forbearonce on the part oi the MORTGAGEE or its successws or assgns and no extension of the time iw fhe payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, ahall operate to release, discharge, modify thange w affect the wginal liability of the MORTGAGOR herei~, eithe~ in whole or in psrt. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obl'gstion here~nder or of the obligsYan se- cured hereby shall at any time thertafter be held to be a waiver of the terms hereof or of the instrument secured herby. qqq 11. In add~tion to the fwego:ng monthly paymants of princ'pal and interest required by the promissory note setured hereby, mortgagor cove~ants ~ ar.d agrees to pay to mortgagee with each monthly pay~nent an addiiional sum est~mated by rtwrtgagee to be equal to 1~`12 of the annual cost of 1he follow- ing: ~ A-All real property taxes levied w assessed against the above described real estate. ~ B-Premiums on iire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above dascribed premises. ,i C-Premiums on such mortgage guaranty insurante as mortgagee shafl irom Gme to time deem fit to carry on tfx loan secured hereby. ' ! Mortgagee shall from t~me to time notify mortgagor in writing of the amount dve and payabte he~euoder snd such sum shall thereupon be due and ; Fayable on the due date of the neat monthly payment and each successive month thereafter urtil mwtgagee shall notify mortgagor of a change in such I a rount. Such sums shatl be applied by mortgagee toward the payment of real property tazes, insurance p?em:ums, and mortgage guaranty insurance premiums. IN WITNE55 WHEREOF, the said MORTGAGUR has hereunto set his hand and seal the day and year first aforesaid. Signed, ae i and delivered in the exnce of: ~ ~ln Seaq ~ _ v (Seaq . ts.aq r5eat) S7ATE OF FLORIDA ~ St. Lucie couNn oF Befwe me perwnally appeared Roland D. Hernclon, .cjl. a~ Louise Herndon his wife, to me well known and known to me to be the individuals described in snd who exetuted the foregoing instrument, and acknowledged before me that they executed tlm wme for the purposes Iherein expressed. And the said Louise j"~rT1C~0I1 ~1te of the uid Roland D. Herndon, Sl . upon a separate and private exam~nation by me taken separate and apart from her said husband, atknowledged to and before me that sl~e executed said instrument freely a~d vol~n- i rarily and w~thout any com?ulsan, constraint, apprehension~ feu of or from her said husband. i WITNESS my hand and off~cial seal this ~~'`~T_" day of ~ A. D. 19 74 Notary Public in and for he Stat of Florida ~t large ~ My Commiuion expir . ~ Retum To: _ ~ _ fint Federal Savings b Loa~ Association L~.:',i Of Fort P~erce. ' ~ ~ ~ - Fort Pierce. Plorida ~p7~~+~ _..w.• .,.__;.J.:~;• ~ ~ f~'~ a 9d,1_ • •.~>s: ~ ~ J- FILEO ROE~f _ ~ ? t~':~~"_- AND RECO ~ ' . tr- ~ : This Instrument Prepared By Richard K. K1yeS gT,1,1lCIE COUIin F~~- _ : f~ ~ = i First Federal Savings 8 Loan Association ROCfR ?OI7R~S ~ : i--~ 1~ of Fort Pierc e~ Rlorida C~,ERR CtiRCt31t COURt ~ ~ ~ REC~PDYfRIF1E0r~ ~ dS•; ~:j:; 4~'`: ~ 6u • ~ . Checked By t9 ~0 12 nn ~~~",J' :81'~~`~ ; ~ r:~s~!~t`'~'' - . 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