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To place ~nd conti~uously keep on the bui!d~ngs now a herea(ttr ?~tua~e on said land and on ali eqvip~ner.t and personslly covered by ~h~s mortg~ ~g~, with ell prtmiumt thereon pa~d in fuil, fire insurance ~hs uiuai ~~andard poticy fam, in a sum app~ovad by the MORTGAGEE, a~d w~ndiiorm insur~nc~ in tM usuel ttanda.d pol~cy tam, in a sum app~oved by ~M MORTGAGEE, in ~~ch company or compan~es ai ths MORTGAGEE may dincq and all ii~e and w~nd~to~m insuranc~ poliues on •ny of iaid bvild~nyi, ~ny Fnterest therein w pa~t.thereof, in the agg~egate sum aforesa~d a in ~~ccess lhereof, shall con~ai~ the uswl standard mortgagee clause w iuch o~her cl~use ai tM Matpagee may requ~re, makinp ths Ioss unda sa~d pol'a cies, each and eve~y, payable ~o ssid MORTGAGEE as ~ti interest may appear, a~d each and every iuch po~~cy shall be promptly +ss g~ed a~~d de~ivered ~o ~ny held by ssid MORTGAGEE as further security ?o aaid mortgage debt, and, ~ot leu than ten (10) days in advance of the expiration of each pol~cy, to da live~ ~o asid MORTGAGEE a renewal thercof, ~o~ether wi~h a recaipt fw 1he p~anivm of such renewal; and ~here shall be r+o f~re or w~nds~o~~n insurance plsced on any of wid building~, •ny interest there~n w pa~l lheroof, unless in ths (orm and with th~ losf payable as afaesaid; and in the avent any sum of money becomei payabls unde~ such policy or policies said MORIGAGEE shall have IM opti~ to receive and spply the same on account of the i~debted- neu secured herQby or ro permit aaid MORTGAGORS fo receive and use it or any pa~t thereo! for otner p~rposes, w~~hout th.r.u~ wa~win~ or unp~ir• ing any equity, lien a righl under o~ by virtue of this mo:tgage; aad in the event said MORTGAGORS shall fw any ~eason fail to keep the said premis:t so insured, w(ail to deliver promptly a~y of said policies o( infurance 1o said MORTGAGEE, a fail promptly to pay fully any p~e~mum therefw o~ in a~y reapM fail to perfum, d~xharge, exccute, efiett, complete, tomply with and abkk by this covenanl, a any pa~t he~eof, said MORTGaGEE may p~ate and pay (w tuch inwrancs w any part thereof w~thout wsiving or a(fecting any option, lien, equity, or right under o~ by virtue of this Mortgage, and tht full ~mount o( each a~d every such paymen! shall be ~mmediately dus and payaWe and shall bear interest from the date thereof u~til paid at the ra~e of nine per cmtum per ar.num and together with such interes~ shail be secured by the lien of this mortgsge. 1. To permit, commit o~ su(fer no waste, impairment w deterioration of said prope~ty or ~ny part thereof. 5. To pay all arxl singular the costs, charges and expenses, including a reasonabte attuney i fee and costs of abatrads of ti?Ie, incurred or pafd at any time by wid MORTGAG:E, because w in the event of the fa~~ure on the pan of the said MORTGAGOR to duiy, promptly and fully prrfwm, d~scharge, :xecute, effect, complete, comply w~th a~d ab:de by each and evcry the stipulaiions, agreements, co~ditions, and covenants of sa~d promiswry note and ~his mwtgage any w eithe~, and seid costs, charges and expenses, esch and every, sF~all be immediately dve snd payable; whether a not there be no~ice dc mand, attempt to collect w suit pend~ng; and the full amounf of each and every such payment shall bea~ interest f~om the date thereof until paid at the rate of nine per centum per aniiu:n; and alt said costs, charges and expenses incurred a paid, together wilh such interest, shall be secured by the lien of th~i mortgage. 6. That (a) in the eve~t of any breach of thia Mortgage o~ default on 1F+e part of the MORTGAGOR, w(b) in 1he event any of tsld ;~ms of money herei~ re(errud to be not promptly and fully paid within thirty i30) days next afte? the same severally bc~come due and payable, without d:mand or notice, or (c) in the event each and every ~he stipviations, a9reements, cond~t~ons and covenants ot sa.d promiswry note and th~s mor~gage any w either are nol iuly, promptly and fully performed, d~scharged. executed, effected, completed, compl~ed with and abided 5y, then in e+ther w any such eve~~ ~he se~d ag- gregate sum menfioned in said promisso~y nore then remaining unpaid, with ineerest accrued, and atl moneys secured hereby, shall become dve and pay- ab;e forthwith, or thereafte~, at the option of said MORTGAGEE, as tully and complNely as if all of the said sums of money wcre a~9inally st~pulated to be pa~d on such day, anything in sa:d promiasory note o: in fhis Mafgage to the contrary norwifhstanding; and thereupon or thcreaher at the opt~on of sn~d AM1ORTGAGEE, w~thout notice or demand, suit at law or in rquity, thereFore w therea(rer begu~, may be prosecuted as if all moneys secured hereby had matured pnor to its i:utitutior~. 7. Thar in the erent that at the beginning of w at any time pending any suit upon this AAortgsge, w to foreclou it, w to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply fo the Cour~ having jur~sd~ction thereof for the appointment of a Receiver, such Court shsil Furthwith appoint a receiver of said mortgaged property all and singular, ~nclud~ng aIl and singular tt~e income, prof~ts, issues and revenues irom .whatever source derived, each and every of wh:ch, it be~ng expressly understood, is hereby mortgaged as if spec~iically sN forth and desu~bed ~n the g~anting a~d habendum clauses hereof, and such Receive~ shall have ali the broad and effective funct~ons and powers in anywise e~trusted by a Couit to a Receiver, and s..ch appointment shatt be made by such Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, snd wishout relerence to the edequacy a inadequacy of the value of the property mortgaged or to the ao~vency w insotvency of said JNORTGAGOR p the defendants, and that such rems, p~ofits, income, issues and reven„es ahall be applied by auch Receiver according to the lien or equity of wid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fulty perform, d;scharge, execute, effect, complete, comply with and abide by each and every the stipu{ations, agreements, conditions and covenants in sa~d promisswy note and this morigage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the 4tORTGAGEE, its successors and assigns, may, wirhout notice to the MORTGAOR, deat with such successw w s~ccessw in interes~ with reference td this rr:ortgage and the debt hereby secured in the same manner as with Mortgagw withaut in any way vitiating or d~scha~ging the Mwtgagors" liabitity her~ unde~ or upon the debt hereby sec~red. No sale of the prem~ses hereby mortgaged and no forbeerance on the part of the MORTGAGEE w its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the lwORTGAGEE or its successors or ass~gna, shall operate ro release, d~xharge, modify change or affect the original fiability of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficalty agreed that time is o( the essence of this contract and tha~ no waiver of any ob~~gat~on hereunder or of the obtigation se- c~red he~eby sha11 at any time tAereafter be hetd to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~r:o~ to ti,e forego:ng month!y paymsnts of princ'pal and inrerest required by the promissory note secured hereby, mortgagor covenants a~d agrees to pay to mo:tgagee with each mo~thly payrnem an add~~ional sum est~n,ated by morigagee to be equal to 1/ 12 of the annual cost of the follow- ing: A-A1! real property. taxes levied br assessed aga~•~st the above dewibed real estate. B-Prem~ums on fire and windsrorm insurar.ce as he~ein requ:red to be carried on the :mprovements situate on the above described premises. C-Premiums on such mortgage g~aranty ins~rar.ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time norify mortgagor in writ~ng of the amount due and payable hereunder snd such sum shall thereupon be due and j c ayable on the due date of the next month!y payment and each successive month thereafter urtil mortgagee shall notffy mortgagor of a change in such a~~,o~at. Such sums shail be app,ied by mortgagee toward the payment of real property taxes, insurancz prem:ums, and mortgage guaraoty insurance ~ e~emiums. i ; IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal ~F+. d..y y_ar fisst afa:r.a:d. s 5' , Sealed and delivered in the preaence of: ~ o F11E0 ANL~ RECOItpE' ~j~L~l~'~TC~~ T~ .s~,,q ~ 51.t1lCIE COt1MYY f~ ; - ROCEa POItMS (s~an ~ CtfRK C1f.CU1T COUAT ~ - - c - (Seaq ~ _ ' - RfC4P.D VEa1f1ED ~~a~~ ~ STATE OF FLORIDA ~~e'' 3 ss PH'r~ _ ~ ~o~Nn oF st. Lucie ~ . 3U1~?,03 ~ Before me perwnally appeared Marcel Paul Richard a~ Gail Richard his wife, to me well known and known to me to be ~ rhe individuals desuibed in end who executed the foregang instrumeM, and acknowledged befwe me that they executed the »me fw the purposes ' therein expressed. And the said Gail fi. Riehard ~ Nife of the ~~a Marcel Paul Richard upon a separste and private ~ e*amination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- rarity and w~thout any compuision, co~straint, appreFxnsion, or fesr of w from her taid husband. ~ WITNESS my ha~d and officiaf seal this l~th day of Februa A. D. 19~- - Notary Public in a or t State of F{orids at large ~ My Commission ex~ires: • ~ Return To: ~ First Federsl Savings 3 Loan Association ~.I . . r• V ^iE ~ Of fort P,erce. ' , . . . ~ i _i: 3. Fort Pierce. Florida c......~~a u~ri(+~4 V4- ~ .:!If;+if~;~ f~ z* . . ) ~ ~ \ i+ i r ,~-y:, . ~ a±:~`i.~ . ~ This Instrument Prepared By ~gichard K. Kayes v~ ~ ~ ~ ~ First Federal Savings & Loan Associa ~on _ = t~ _ .y ;c~ % ' ~ , ti ~ : ~ = ~ of Fort Pierce ~ FZorida . _ ~ Checked By 0 R ; ~ : ~ $n~ ~ ~~f1~i3 ~ ~ : ~ q .:4~ r ~ ~ J'• ~ ~ ~~/it • t ~ ~ ~ _ /'li•~liilt•tf~•~~,. ~ - - - - ~ -:r~. s - . . . . . . . . . _ _ ~ z , ~