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To place end conefnuputily keep on the bu~:d~n~s ~ow or hereafier ~ituale on sa~d land and on •~1 equipmeM •nd personally cover~d by this morrg- ~gs, w~th •11 premiums lhereo~ pa,d :'n lutl, (ire inaurence in the usual i~anda~d policy Fwm, in a sum epproved by the MORfGAGEE, •nd wmdstorm insuranc~ in the uaual ~tanda~d pol;cy torm, in a sum approved by ths MORiGAGEE, in tuch company o~ compenies as the MORiGAGfE may dirett; ~nd aU (ire and w~~dstorm insur~nce policies on anV ot said build~nys, any iMeresl therein or part thereol, in the aggrega~e ium ~faeeaid w In eaceu the~eof, ~shall contain the uiuat sta~~dsrd mwrga9ee clause or iuch o~her claute ~s the M«~gagee may requ~~a, ma?inp ~he loss unJe~ ~a~d po16 c~es, each and every, payab~e ~o ss~d MORTGAGEE a~ ~t• imcrest may appear, and each and eve.y such potlcy ahsR be prompNy ass g~rd and de~ivered ~o eny held by s~~d MORTGAGEE as (u~~her security to said mor~yage debt, and, no~ leu than te~ (10) daya in advance of the expirarion of each pol~cy, ~o da Gver ~o said MORTGAGEE • rcaewal ~hereof, ~ogefMr wiih a rece~pt fw ~he premium of such re~ewat; and thero shall be no (~~e or windsto~m insurance placed on •ny of sud buildings, any interetl ther~in a part thereof, unless in ~he form and with th~ losa payable as afweseid; and i~ ihs even~ any sum of mpney become~ payable unda such polity w pol~cies said MORTGAGEE shall havs the opt;on to receive and apply the sarne on account of the i~uiabted- ness secured hereby w 1o permil aa~d MORTGAGORS to ~eceive and uss it w any pa~~ thereof lo~ oti~e~ puiposes, .vnho~t ~h~r.b~ w.:i.:,~3 or unpa~+• ~ng any equ~ty, I:en w iight under or by virtue of this mor!gage; and in Ihe event ~aid MORTGAGORS shall fw any reason fail to keep the said pramises so insured, w(ail to delive~ promptly ~ny of said policies of insurance to said MORTGAGEE, or fail promptly to pay (ully any pre~niurn tharefo~ or in a~y • respec~ lail ?o paFam, d~scharge, execute, ettect, complete, comply wi~h and abide by this tove~ant, or any par~ hareoi. said MORTGAGEE may pl~ce and pay fo~ such insurente or ~ny pa~t thtreof wiehout waiving a affecling any oplion, lien, equ~+y, or right under w by virtue of this Mwrgage, a~d the full amount of each and evsry such payment shall be lmmediately due and payable and shall bear interes~ from tha date thereof until pa~d at ths rate of nme pe~ cenwm per snnum and to~ethe~ with aach interest shail be src~red by the lien of this mortgagt. 1. io permit, tommit o~ suffer no wa~fs, impairment w deterioration of said property or any part thereof. 5. To pay all and sirgula~ the co~ts, charge~ and expenses, inctuding a reasonable attorney i fee and costs of abstracts of t~tte, incurred or pa~d at any time by said MUR~GAGtt, because w in 1he evMt ot the 4ailure on the part ot Ihe sa~d MUK~I~AIaUIt to Ouiy, promptiy and iuii~ periprm, o~uneryv, e.ecute, etFett, complete, comply w~th and ab:de by each and every the siipulaf~ons, agreements, tonditions, artd covenanls of aaid promissory note and th~s mortgage any w either, and sa~d costs, charges and eapenses, each and eve~y, shall bs immediately due and payabSe; whether w no1 there be no~ice da mand, attcmpt to collect w suil pend~ng; and the ful: amounf of each and every such payment shall bear interesl (rom the date thereof until paid at the ~.~te of nine per centum per an~~um; and all said co~ts, charges and expenses inturred w paid, together w~th such interest, sAall be tecured by the lien of this matgag~. 6. That (s) in the event of any breach of this Mortgage o~ default on the psrt of the MORTGAGOR, w(b) in the event eny o( ss:d sums of money herein"referred to bs na1 p~omptly and (ully pa~d within th~rty (30) days next after the same severally bccome due ar+d payable, withovt demand or notice, or (c) in tha event each and every the stipulations, agreemenfs, co~ditfons and covenanta of sa;d prom~ssory note and th~s mortgage a~y a e~ther aie not iuly, promptly and fully performed, d:scharged, cxecuted, effected, completed, compl~ed weth and ab~ded yy, ~hen in e~ther or any such event the sa~d ag ~regate sum mentioned in said promisswy ncte then remaining unpaid, with inrerest accrued, and al{ moneys secured hereby, shati become due and pay- ab!e forthwith, o~ thereafter, at the option of said MOkTGAGEE, as fully an~ comp(etely as ii all of the said sums of money wera orginalty st~pulated ro be pald on svch day, a~ything in sa:d prom~ssory note a in this Mongage ?o the conrrary notwiehstanding; and thereupon w thereafter a~ the op~~on of sa~d MCRTGAGEE, without notice a demand, suit a~ law w in equity, therefore or thereaher begun, may be prosecuted as if all momys setured hereby ~ had maWred pnor te +ts institvtion. ! i 7. That in Ihe e~eM that at the beginning of or at any time pending any su~t upon this Mortgage, or to fweclose it, or to reform it, or to enforce payment of any claims he+eunder, said MORTGAGEE shall apply to the Court heving jur~sd:ction thereof for the appointment of a Receiver, s~ch Court shail fc~thwith appo~M a receiver of said mortgagcd property all and s~ngutar, io:.iud~ng alt and s+nguia~ ~he income, proi~ts, issues a~d revenues (rom whate~er s:~rce derived, each and every of wh~ch, it being express~y unders~ood, is herrby mortgaged as if spec~iicaUy aet for~h and dexribed in the granting and h36endvm clauses hereof, and s~ch Receiver shall have alt the broad and effecrive fur.ct.ons and powe~s in anywise entrusted by a Court to a Receiver, and s_ch appointment shal! be made by such Cou{t as an admitted equity and a matter of absotute right to said MORTGAGEE, and without reference to the adeqvacy w inadequacy of the velue of the property mortgaged or to the so;ver.cy or msolvency of said MORiGAGOR or the defe~dams, and that such ~~~s, profits, income, iss~es and revenues sha{I be applied by such Receive: according to the {ie~ w equity of saed MORTGAGEE and the practice of such CouA. 8. To duly, promptty and fully per~orm, d~scharge, execute, effect, complete, tompfy with and abide by each and every the stipulatio~s, agreementa, :onditions and covenants ~n sa~d promissory no`e and th~s mortgage set fo:th. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other ttian the MORTGAGOR, the :'~RTGAGEE, its successors and ass~gns, may, wirhout notice to the t1lORTGAOR, deal with such successw or successw in interest with reference to this m.o~+gage and the debt hereby secured in the same manner as with Mo.tgagor withou? in any way vit~ating w dacharging the Mortgagori Iiability here- under or upon rhe debt hereby sxured. No sale of the prem~sea hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors e~ assigns and no extension of the time for the payment of the debf hereby secured given by the MORTGAGEE or its successors or ass:gns, shall operate ro release, d~scharge, moaify change or affett 1he original liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is specificatty agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder o? of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof u of the instrument secured he:by. ' 11. In add~tio~ to the fo~ego:ng muntnly payment; of princ pa~ and interest ~equired by the promissory note sec~red hereby, mortqagor covenants ~~d agrees to pay to m.ortgaqee with each monthly paynent an addhional sum esumated by mwtgagee to be equal to 1; 12 of the annual cost of the follow- 3: A-All rea4 property taxrs levied or assessed ag3inst the above described real estate. ~i B---Premiums on fire and windsrorm insurar.ce as herein requ:red to be carried on the improveme~ts situate on the above described premises. ~ C-Prem~ums on such mortgaqe guaranty insurar,ce as mongagee shall from t me to time deem fit to carry on the loan secured hereby. ~ Mortgsgee sfiall from t~me to t~me nority mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ ~ able on the dve da!e ot the rtext rr.onth:y payment and each successive month thereaiter ur.til mort~agee shal~ notify mortgagor of a change in such ~ ~~;,m. Such wms sh.ail be app!~ed by mortgagze toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurence ~ ~ emiums. 3 ~ lt~! WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed, Sealed and defivered in the presence of: . ~ ~ . ¢ f ~;yl. !'.~S,~t~EO /'/l/ ; ~ ( see~) ~ - i~~;,, i. %~'T~,~6f 1`~ (Seal) ~fff. ;.;':JIT ~yRT p r Q~ c• _1 y'R ~Seal) 3 - (Seap ~ S?:,TE OF FLORIDA /fr ~ f ~i'T~ ~ St . Lucie ~u• ~O~~J ~ ~~UNTY Of ~ Elzie W. ~ Before me personally appeared Godwin ,JY' • and ~ Gw nell Godwin Y his wife, to me well known and known to me to be ~ the individ~als described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same fw the purposes ~ Gw ell Godwin ; rherein exprzssed. And the said ~ ~{e of the uid C' 1 Zl @ W. Godwin , .)r . upon a separate and p~ivate ' ~xam~naYon by me taicen separate and apart from her said hwband, acknowledged to snd before me that she executed said instr~ment freely and voluo- ~ ~ +a-~~y and w~thout any compulsion, constraint, apprehe fear of or from her said husband. ; WITNE55 my hand and offiGal seal this day o1 March A. D. 19~._ ~ ~ ~ ~ 'S - Notary ubrc in and for t State 'Floride at large ~ My Commission expires: - Return To: first Federal Savings 3 Loan Aswciation Of iort P.erce. t;^T'7f v;,. ~'C. ~Ti'f fLno~DA et lf,F.~e ' Fort Pierte. Norida ~ ' ~ ~ ' _ • ~ ;:5 7. 1~'1 ix•, - ,.~r.~._ W.nL'fS t~uu:anco ca ~ . ~\~~.,~lilllfilj/~~' • `~~.5 .3~1~//!~r' This Instrument Prepared By RiChard K. Kayes ~ J~ '~r••• First Federal Savings 8~ Loan Association A ~r ort Pierce , Flotida ~ ~ ~ V ; - s cF J ~Q - , ~ ; ` ~ : ` ~ a';. Z , .~~;1.. ~~lo . ~ : Checked By U k 237 P~,f (r 1(.rt7 ~ e~~ c F ~ 800K ' G ~~,,4~r ~z ~ p , J F ' { sTA~ ' ~ ~/Iqrlt~ .i~~~~~ ~ - -----J` - - ' - a{~ y'.Z [ f _ ~~'f ~ a_ _ . , . , . ' ' ' _ .__'.~.+`~'-at:,