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To place and confinuoualy keep on 1he bui;d~ngs now w hereafter ~~wate on said land and on all equ~pment and personally covered by thia mo~~g- ege, with all prem~~ms thrreon pa~d in full, f~~e i~surance in ~he us~at s~andard policy form, in a sum appruved by the MORiGAGEE, and w~nJsrorm iniurante in ths usual ~iandard poi~cy io~m, i~ a sum approved by the MORTGAGEE, in such company o? tompanies as Ihe MORTvAGEE may direc~; and al) tire and wlndatorm insuronce pol~c~es on any of ~a~d build~ngs, any interes~ therein or part the~eof, in the aggrega~e tu~n aforesaid or in excess Ihereof, thall contain the usual standard mortgagce clause or such other clause es the Mortgagee may requ~re, maki~~g the loss und~r sa~d poti- cies, each and every, payab!e Io safd MORIGAGEE as its iroerest may appear, and each and eve.y such po!ity shatl be promptly ass g~~ed and det~vered ~o ~ eny held by said MOR[GAGEE as further security to said mortgage debt, and, no~ less ~han len (10) days in sdvance of the eKpirat~o~ of each policy, to dr I~ver to said MORTGAGEE a renewal thereof, toge~he~ with a reteipt for the premium of such renewal; and there shall be no f~re or w~ndstorm ins~rence placed on ~ny of said buildings, any inte~est therein ot par~ thereof, unless in the io~m and wilh thq loss payable as aforesaid; end in the event any sum ! of money becomes payable under such poticy w policies wid MORTGAGEE shall have the optlon ro rcceive and apply 1he same on account ol the inJebtrd- ~ ness secured hereby or ro permit sa~d MORTGAGORS to receive and use it w any part ihereof for o~her pwposes, v.~eno„t ih~~~u~ w.::f:.~3 ~~~~p~+~- ing any eqvity, ~ien or right undcr or by virtue of thi~ ma:'gage; and in the event w~d MORTGAGORS shall for any reason fait to krep the said prem~ses so ' ~nsured, w fail to deliver promptly any of sa~d policfes of insu~snte to sa:d MORTGAGEE, or fail promptty to pay fully any pre~~~~~m theretor w in any ~espect fail to perfwm, discharge, execute, effect, complete, comply with and abide by this covenant, w any part hareof, sald MORTGAGEE may place and + pay fo? such insurance or any part thereof wirhout waiving or affecting any option, lien, equ~ty, or right under w by virtue of ~his Mongage, and ~he ' f~ll smounl of eath and evary such payment shall be immediately due and payable •nd shall besr interes? from the date the~eof until paid at the rate ot , ,~~ne per centum par annum and to~ether with such intrrest shali be srcured by the lien of this mortgage. 4. 1o permit, comrteit ot su((er no waste, impairment q deterioration of said property or any pari the~eof. ! S. To pay all and singular the costs, chargcs and expenus, including a reasonable attorney's fee an~ costs of abstracts of title, incurred or paid at i any tim.e by aaid MORTGAGEE, becauae w in the event of the failure on the part of Ihe said MORTGAGOR to duly, pranptly and fully perform, d~scharge. execute, effetl, comptete, comply w~th and ab:de by each and every the stipula~~ons, agreements, conditions, and covenan~s of said promissory note aad thii rnorrgsge any or ei~her, and said costs, charges and expe~ses, each and every, shall be immediately due and payable; whether o~ not there be notice dr mand, attempt to collect or suit pend~ng; and the full amount of each and every such payment shall bea~ interest Irom Ihe date thereof uNil paid at the rate o~ nine per crnt~m per annurn; and all said :osts, charges and expe~nes incurred or paid, toge~her with such interest, shall be secured by the lien of th~s moreyage. 6. That (a) in the event of any breach of this Mortgage or default o~ iM part of ~he MORTGAGOR, or (b? in the e~ent eny of sa:d sums of money herein refe~red to be not prompfly oex! fully paid within th~rty (30) days neaf afte~ the same severolty become due and payable, without demand or nouce, or (cj in the event each and every the stipulations, agreements, conditions and covenanta oi sa:d promissory note arx? th~s mortgage any w eithe~ are not iuly, promptly and f~lly performed, d~scharged, executed, eifected, completed, complied with and ab+ded tiy, then in e~ther w any such eveM the sa:d ag- gregate sum mentivned in said promissory note then remaining unpaid, with intere;t accrued, and all moneys secured hereby, shall become due and pay able torthwith, or thereafter, at ihe option of said MOR7GAGEE, as fulty and tompletely as if all of fhr said svms of money were or~g~nally st~pvlated ro be paid on such day, anything in said prom~ssory ~ote or in ihis Mortgage to the connary not~vithstanding; and thrreupon or thereafter at the opnon of sj:d MORTGAGEE, wirhou~ not~ce or demand, sui? at law w in equity, there(orc or thereafter begun, may be prosecuted as if all moneys secured hereby n~d matured pnor to ~is instituhon. 7. That in the event that at the beginning of or at any time pending any suit upon ~his Mortgage, w to foreclose it, or to reform it, or to enfo+ce payment of any claims Aereunder, said MORTGAGEE shall apply to the Court hsving jur~sd~ction th-r.reof fer the appointment of a Receiver, such Co~r1 shall icr;hwrith appoim a receiver oF said mortgaged property all and singuiar, ~ncludmg a:l and singular thQ income, prof~~s, iswes and revenves from whateve~ source derived, ezch and every of wh~ch, it being ezpressly undersrood, is hereby mo~rgaged as if spec~iically set forth and described in the g~ant~ng and f,36endum clauses hereof,. and such Receiver sha? have all the broad and effective func+,ons aod powe~s in anywise e~+trusted by a Cou~1 fo a Receiver, and s_.h appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without rEference to the adequacy or inadequacy o1 the value of ~he property mo~tgaged or to the so~venq or insoiventy of sa~d MORTGAGOR or the defendants, and that suth ~.~~,rs, profits, incorne, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptty and fu:ly perform, discharge, execute, effect, comp~ete, comply wi~h and abide by each and eve?y the stipulations, agreements, conditions and covenants ~n smd promisswy note and this morrgaye set forlh. 9. That in the event the ownership of the mortgaged premises, or any pa~t thereof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, its wccessors and ass~gns, may, witho~t no~ice to Ihe MORTG~+OR, deat with such sutcessor or successor in interest with reference to this ^ o•rgage and the deb~ hereby secured in the same manner as with Mortgagor without in any way vit~ating or d~scharg:ng the Mortgagori liability her~ ;;nder or upon the debt hereby sec~red. No sale of the prernises hereby mortgaged a.+d no larbeara~ce en the part of the MORTGAGEE or its successors e~ assigns and no ezieRSion of the ~~m~ for the payme~t of tF.e debr hereby sec~red given by the MORTGAGEE o~ its successws or ass:gns, atiall operate ro re~ease, d~scharge, modify change er affect the orig~nai liab~fity of the MORTGAGOR herein, either in whole or in part. )0. It is speufical:y agreed that time is of the essence of this contract and that no waiver of any obl~gation hereunder or of the obligation sr ~ cured here6y shali at any time tnereafrer be held to be a wairer of the terms hereo} w of the instrument secured herby. E ~ 11. In add~tion to the forego n9 monthly paymsnts of princ pal and interest req~ired 6y the prom~ssory no!e secured hereby, mortga~or covenants aorrP: tn nav to morroaoep v.~nh each monthlv navmPnt an ariA~+:nnwl sum oct~m~rod bv mo.towee to kw eoual to 1: 1? of tho annuat mst of the fol(ow- j - - - - ~ ~ - - - ~ - ~ A-All real property taxes levied or assessed agai~:st thc above desuibed real estate. ~ B-Prem~ums on f~re ar.d w~ndsrorm ~nsurac~e as herc~n requ~red to be canfed on the improvements situate on the above desvibed premises. C-Premiums on such mortgage guaranty ~nsurar:ce as mo•tgagee shail fro~^ t~me to t~me deem fit to carry on the loan secured he~eby. f Mwtgagee sha!I from t~me to ~ime no~ify mortyager ~n writ~ng of the amo~~t d~e and payable hereunder and s~ch su:n shall thereupon be due and ~ ;.3yab~e on the due dare of ~he r.ext month:y payment a~~d each successive month thereaiter until mortgagee shall notify mortgagor of a change in. such 3 ount. $uch surns sHa~i be app'~ed by mo~tgagee to~,ivard the paym?nt o( real property taxes, insura~[e prem;ums, and morfgage guaranty insurance ~ F :remiums. ~ IN Y,IITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal ihe day and year first fore s Siyned, $eated and delivered in the presence of: ~ - - FI~.E pel~±r ~A~ SSeal) ~ ~?..,~~,t~ ~~vv~,.~ _ ~i, Ly 4U ~ , , ~IOG~F P01~~~ _ (Seal) -L GIEk~ ei•:C~1~ ED~)RT % .4i (Seaq - Ff Cnc~ ~ "F~Ea t (Seaq ~ Si:,TE OF FLORIDA ~ ~ ~ D ~;0316~ ~ ~ I ~ 5w I~'75 ~ ~OUNTY O~ St . Ll1C 1@ ~ ~ B. G. Lancaster Before me personally ap eared and ~ ~rma . ancas er ~t his wife, to me well known and known to me to be 2 vhe individuals described in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for the purposes ~ rheiein expressed. And the :a~d_ Irma .1. Laneaster B G Lancaster r `e of the said • • , upon a separate and private ~ -~.am~nat~on by me taken separate and apart from her said husband, acknowledged to and before me tnat she executed said instrument freely and voluo- r~n!y and w~fhout any compu(sion, conssra~.+t, apprehens/ion, w fear of or from her said/~;l~sband. WITNESS my hand and official seal thiL L' L"~ day of i~~'~'C~ , A. D. 19 7'S - - J /I /1 sc~ - Notary Public in and for the 5f2te of orida at large My Commission expires: ~ • I' - Return To: _ First Federal Savings b loan Auociat~on , ,E ? 01 Fort P.~rce. Fort C~erce, Florida 1 _ i . ~ :tir y , : . a _i This Instrument Prepared By RiChald K: Kayes - - First Federal Savings & Loan Association ~ ' ~ ~ ' of Fort Pierce Florida . ~ Checked By n e _ . ~ . ~~K EflOX p~ Y . - - • _ - _ r~ ~ . , _ - ~ _ x_~-~._. , _ _ _ : ~