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To plsce arx! co~tinuousiy keep o~ the buitd~ngs now or hereai~er ~~tuate on sa~d land and on ~II equipmcnl •nd personaify covered by thii morrg- ~ ags, w~th all premiumi ~hereon pa~d in full, fire insu~ance in the usual uanda~d po~icy form, i~ a•um app~oved by the MORTGAGEE, and winds~wm q insuranc~ in tM usual ttandard pol~ty fwm, in a fum sDprov~d by the MORTGAGEE, in iuth tompa~Y or companies as tl+~ MORTGAGEE may ; directj and •II tire and windsrorm insuront~ po~~ciet on any oi uid build~nps, any interast fherein o~ parf thereol, in the s99rega~e ~um afaesaid a } In excess Ihereof, shall contain IM usuat uanda~d mortgage~ clause or iuch otMr clauss ai 1hs Mw~gagee may requ~re, mskirp ths Ioss unde~ sa~d po1F cies, e~ch a~d eva~y, payabte to uid MORTGAGEE s~ it~ intcrei~ may appear, and each and every s~ch pol~ty shall be p+ort+pHY a~s yned and delivered ~o •ny held by taid 1NORTGAGEE as fu~ther security to said mortgage debt, and, not I~ss ~han ten l10) dayi in advanc~ of the exp~~atia? of esch poticy. 1o de- ~ livK fo said MORiGAGEE a renewal the~eof. ~opether w~~h a receipt for Ihe pr~~nium oi tucF? renewal; and there thall be no f~re ~r windi~orm insursnce ; plsc~d on any of iaid bulldingt. any i~ters~t thc~ein o? pa+t therwf. unless in the form and with tM loss payable as ataesa+d: and i~ the event any tum ef mo~ey becomes payable under such policy w pot~cies uid MORiGAGEE ~hall Mve ~he op~ion to receive and app~y the san+e on +ccw+~~ of the indebted- ness secu~ed hereby w ro permi~ ssid MORTGAGORS ro receive and uu o? any part thereof fw ofhe? purposes, v.~~hout th_rrU~ warvi~~g or ~mpai.- ~ ing anr equity, lien w right u~der w by virtue of thii mo:tyaye; snd in the avent iaid MORTGAGORS sha~l fw any ?ea~ iail to keep the satd premises so insured, or fail fo deliva p~o~+ptly +nY of said po~icies ~of insurancs to iaid MORTGAGEE, or fail p~omptly to pay fvlly any premium therefor or in a~y ~ resp~d fsil ro perfwm, d~xha~ge, ~:ecute, efiec~, complete, comply with and abids by ~his coYe~an?. o~ +^Y Pa~~ ~~~f, said MORiGAGEE may pl~ce a~d _..__.:r. . a... .....;~v. « rieht unde~ or bY virtue of this Mw~ga9e, and the - pey ~a suen IfqYl6/K0 w e~~~ ::.ae.e:.: _ - ~ f~ll a~noun~ of each and every such payment shall be immedi~tcly due and P+Yablo +nd shall bear interest irom the dats thc~eot u~ul paw a~ ine uw o~ nine per centum per annum artd together with such interest shall be secured by th~ lien of this mort9sge• 1. To permit, commit o~ sutfer no waste, impairment w dcterioration of said property o? any paA thereof. S. To pay a!1 ar~d singulu the costs, charge~ and expenses, intluding +~easonable sttorney's fee and costs ot abstracts of title, incurred w pa~d st eny time by uid MORiGAGfE, because w in the event of the failure on the pa?1 oi 1he said MORTGAGOR lo duly, promptly and fully perfam, d~uhe~gs. exec~te. effM. comptere. comply with and ab:de by each and every fhe ~fipulations, agreertKnri, condifions. arx! covenants oi said promisswy note and thii ~ mwtgage any or ei~her. and said cosb. charge~ and expenses, each and every, th+ll be immediately dus and payable: whether w not there be notKe de mer~. ~ttcmpt to colkct w wit pcnding; snd /he full amouM of each and every such payrrKnt slwl~ bea. inrerest from the dale thereof unlil paid i~ the rate of nine per crntum per annum; and all said tosts, charges and expenscs incurred w pa~d, together w~th svth interest, shall be setured by the lier? of thii mort9a~. - 6. Th+t (a) in the event of any breach of this Mortgsge w default on the part of the MORTGAGOR, w(b) in the event any of a~d sums of money herein referred to be not promptly and tully paid wi~hin thirty (30) days next after the san+e severally beco~ne due and payable, wi~hou~ demand w rw~ice. ar (c) in the event each and every the stipulations. agreements. conditions and coven~nts of sa:d promiuory note and th~s mortyage sny or either are no1 iuly, prompNy and fully perfwmed, d:scha+ged, execu~ed, effected, compkted, compl~ed with and sb:ded Sy, tMn in eithcr w any such eveM the sa~d aQ~ gregate wm mentaned in said promisswy note then remaining unpaid, with interes? accrued, and all mo~eyi secured hereby, shall become dve and WY- eble forthwith, w tFxreafte~, et the option of said MORTGAGEE, as fully ~nd completely as if atl of the said sums of money were a~ginatly stiputated s to be paid on suth day, anything in said prom+ssory note or in this Mortgage to the contrary notwiths~snding; er+d thereupon w lherea(ta +1 the opGon of f said MORiGAGEE, without notice o~ deinand, s~it st law w in equity, therefore u thereafter begun, may be p~ose~~ted as if all moneys set~red hereby ' had rrNwred pnw to ~b ins~rt~f~on. ~ 7. That in ths event that at ~he beginning of or at any time pending any suit upa? thi~ Mwtgsge, or to toreclose it, w to ~eform it, or to enfwce t payment of any claims he~eunder, uid MORTGAGfE shall apply to Ihe Cou~t having jv~~sdidio~ thereof }or the appo~n~ment of s Receiver, such Courf shall Fo~~hwith sppoint a receiver of said mortgaged property all and singufar, includ~ng all and singutar the ir.come, prolits, issues and revenuea from whatever so~rce derived, each and every of which, it being ex{xessly undcrstood, is hereby mwtgaged as if spetiiically ut forth a~d dewibed in the granting and habe~dum clauses he?eof, and such Receiver shall have all the b.wd and effK~~~e functions and povere*s in anywise entrusted by a Court to • Receivcr, and ~ s..ch appointmenf shall be made by such Court as an admitted equity and a mat~er of absolute right to ssid MORTGAGEE, s~d without reference to the adequacy or ~nadequacy of the v~lue of the property mortgaged or to the wtvency or insolvency of ssid MORTGAGOR w the defenda~ts, and rhat such rents, profits, income, issues and revenues shall be applied by such Receiver accad~ng to the lien or equity of said MORTGAGEE and the practice of such Court. ~ 8. To duty, promptly snd fully pe?form, discharge, execute, effect, complete, comply with and ab~de by each and every 1he stipulations, agreements, conditions and covena~ts ~n sa~d promissory note and this mortgage set fwth. 9_ That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a pe?w~ other than the MORTGAGOR, the h10RTGAGEE, its wcceuon and ass~gns, may, without no~ice to the MORTGAOR, deal wi~h such successor or successa in interest wi~h reference to this ~ mo+fgage and the debt hereby secured in ihe same manner as with Mortgago? witFaut in any way vitiating w diuharging the Mortgagors' liability herr urder a upon the debt hereby secured. No sale of the premises hereby mo.tgaged and no fubeara~xe on the part of the MORTGAGEE or its successon o~ assgns and no exsensEon of thr !i-r.e for fM payment of the debt hereby secured given by 1he MORTGAGEE w iri successors u ass~gns, s~w~~ op~rate ro release, d~scharge, modifY change or affect the orginal liabil~ty of the MORiGAGOR herein, either ia whole w in pa~t. 10. It is speciiicalfy agreed that time is of the escence of this contract and that no waiver of any obligation hereunder er of the obligaYwn sr cured hereby shatl at any time thereafter be held to be a waiver of the terms hereof or of the inslrument secured herby. I1. In add~tion to the fo?ego:ng monthly payments of princ"pal and interest required by the pro+nisserY no?e secvred hereby, mongagor covenants and ag~ees to pay ~o mortgagee with eath monthly payment an add~~ional sum est~mated b~ mwtgagee to be equal to 1/12 of the annual cost of the fo{low- ing: _ ' A-All real property taxes levied w asseszed against the above descri?.~d real estate. i ~ B-Premiums o~ i~re and windstorm insurance as herein requ~red to be carried on the improvements situate on the above desuibed premises. ; C-Premiums on such mortgage guaranty insu~ance as mortgagee shall from t:me to time deem fit to carry o~ the loan secured hereby. i € Mortgagee shail from time to time notify mortgagor in writing of the amount due and payabk hereunder and such sum shall thereupon be due and ~ ; ~ F~rable on the due da~e of the next monthly payment and each successive month thereafter urtil mortgagee shall ~otify mortgagor of a change in such ~ ~^ount. 5uch sums shail be appiied 6y mortgagee toward the payment of rea~ property taxes, insurance prem.ums, a~id mwtgage guaranty insurance ~ p•emiumf. ~ !N WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and ye first sforesaid. Signed, Sealed and delivmed in the presence of: \P ~ N Cti Y~ ~(vs9 ~y~,d (Sea~ _ (Sean . ' s5eaq SSATE OF FLORIDA ~ S5. couNrir of St L-LC~ e Beiore me personatly appeared Nelen R. gdSS~ 8 3~T1~1@ S~U~.ti~ ~r~A~rYild~[to me well k~own and known to me to be the individva~ dexribed in and who e~eecuted the foregoing instr~ment, and acknowledged befwe me thatShe executed the same fw tk~e purposes there~n expressed_ ~4~x . ~7F90d1~1l9QDC9t~7t9ii~clPlFK ~ 7~'X~Xhl7P~°S!k' S~~iC~71~~~x~~~~~~~~ x~cst~ame~aooaocsq~c~x~s~oc~~ax~cfe~c~ox~t 74 ~s WITNESS my hand and official seal this ~th day of `7 A. D. i9 ~ Notary Publit i and foi the State of Florids st larye My Commiuiy~expires: _ ~ Return To: l ~ ~ r r IC. S7ATE of fLORIDA ~t IARGf first Federal Ssvings b Loao Association tliT.':~ L'~t k~ 1 ~i~'r ~ Of Fo~t P~erce. ~J~`'.~:S~SJ'1 EX?IRES IAN. 1~ 1977 ~ Fort Pierce, Florida w~~u uy tut~tiw(1 Bitljf¢(; {p~yr~~ ~ k, ~f'~~i ~ ~s ' -0~~.•~::.:~~~~~~~,, ~,`1'• ~ . ~ Rr.G _ ` - _ ~ED F ~~'1 ' ~ ~ O ti"' _ This Instrument Prepared By [ticha.rd K. Kayes F~- ,t};11i~ ~ S . lU ~ : ~ ~jitAf ~ _ ~ : r_ ~ .J : c - ~ First Federal Savings & Loan Association ~,p,,t r~~~ r Ci~U~T - ~ ~ : A ~ ~ of Fort Pi~rce ~ Florida CtF~R ~o~„~...•+" ' ~ : g~COa~, Vf" : b Q .•4~r . - 8~--_ c aM,~'~ ~r,...•••~ Checked By k~ ~ . . ~ G R au~ 1.r i f,(' At~ ~ PAC ~ ~ gooK ~~Q f1 5 2~s.;~8 L'~3 ~ ~ _ _ _ ~ _ _ - . . . . . _ . _ .