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To place and confinuousty 4eep on the bu~•d~ngs now or hereafter ~~tuate on sa~d land and on all equ~p+nent and personally covered by this mwtg- ags, with all premiuins ?he~con pad in iull, fi~e insurance in the v~val standaid policy form, in a sum aFp~oved by the MORfGAGEE, and winde~o~m insurance in Ihe us~ai standard pol~cy lorm, in a aum app+oved by the MORiG~GEE, in ~uch tompany or con,pan~ea as the MORTGAGfE may ~ dired; and all fire and ~windsto~m iniurance policies on any of said build~ngs, sny Interest therein or pa~t thereof, in the aggregate s~m aioresa~d w in excess ~hereof, shall contain tha usual standard matgagee dau~e o? ~uch oiha claute ~s the Matgagee may ~equ~ro, making rhe ~o~s unde~ ~a~d poli- ues, each and every, payable to sa~d AtORTGAGEE as Its~in~eres~ may eppear, and eacfi and every such pcilcy shall be prompdy ~ssgnrd s~~d delivered to eny held by said MORiGAGEE as (ur~her security to said morTgage debt, and, not less ~Mn ten (10) days in advance of the expirotio~ of each po6cy, to da s live? to said MORTG~IGEE a renewal thereol, to9ether with a rcceipl fw the premium oi suth renewal; and ~here shall be ~w 6re or w~~~duorm insuronce ` pl~ced on any of said build~ngs, any interest therein a part thereof, unless in the form end with tAs loss payable as aforesaid; and in the evenl any sum : of money beca:~es payable under such poticy o~ pol~cias said MORTGAGEE shrll hava the opt~on to receive and apply the same on account ol the indebtrd neu secured hereby or to permit said MORTGAGORS ro receive and uss 1 or any part thereof for ofhe. pu~poses, v.;~ho,,t ih_..ui K31vU~~ or ~+~~p„~r• - in9 any equ~ty. I~en w right u~der o~ by virtue of this mo:!gage; and in the evero sa~d MORTGAGORS shall for any reason fail to keep ~he said premia:s w~~ insured, w fail to deliver promptly a~y ol said policies of insurance to sa~d MORTGAGEE, a fail prompfly to pay fully a~y pre~n~um rherefor o~ in a~y respect fail to perfam, d~scharge, execute, eifed, complete, comply wi~h and abide by this covenanf, a any pa~~ hereof, u~d MORiGAGEE may place a~~d pay iw such insurance or any parf thereof without waiving or affeding any oplion, lien, eqvity, o? right under or by virtue of this Mortga9e, and the fu~l amounl of each and eve.y such paymenl shalt be imm~d'eately due and payable and shsll bear intereat from the dats thercof until paid at the rate ol nine per centum per annum and to~ether with such interest shall be secured by the lien oi Ihis mortgage. To permif, commit a suffer no waste, impairment w deterioration of said property or any part the~sof. 5. To pay atl and singutar the costs, charget snd e:penses, including a reasonable attwney i(ee and costs of abs+racts of title, incu~red or pald at any time 6y said MOR1GAGfE, betause a in the event of Ihe failure on ~he part of Ihe said MORTGAGOR to duly, pra~nptly and fully pertorm, d~scharge. execute, eifec~, complete, comply w~th and ab:de by each and every ihe stipulatw~s, agreements, conditions, and covenants of said prom~zsory note and fhis mortgage any or eiihe~, and sa~d tosts, charges and expenses, cach and every, shall be immediately due and payab:e; whether w not tFwere be nunce da i mand, attempt ~o co!lect or svit pend~ng; and the full amount of each and every such payment shall bra? interes~ from the date thereof until paid at the .1re of nine per centum N~~elIRC:Tr, end all said costs, charges and expenses incurred a paid, together wdh such inte~est, shall be sec~red by the lien of thii moripage. 6. That (a) in the event of any breach of this Mort~age or defa~ll o~ the part of the MORTGAGOR, or (b) i~ the event any of sa:d svms of money herein ~eferred to be nat promptly and fvlly paid within thhty (30) days next afte~ the same uverally become dve and payable, withou~ demand or notice, or (c) in tht event each and every the stipulatio~s, agreements, conditions and covenants of sa~d promiswry ~ote a~ th~s mortpage any a either are not iuly, promptly and fully per(ormed, d.scharged, executed, effected, completed, complied with and abided ~iy, then in ei~her w any ~uch event 1he aa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shatl become due and pay abie forthwith, o~ thereafter, at the option of said MORTGAGEE, as fully and completety as if all of the said sums of money were a~ginaity stipuiated to br paid on such day, anything in sa:d promissory note or in this Mortgage to the tontrary notwithsta~ding; a~d Ihereupw~ w Ihereafter at the option of t sa;d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore w thereaiter begun, may be prosecuted as if all moneyt secured hereby i nsd matured pnor to its instituhon. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to faedose it, or to reform it, or to e~force paymeM of any claims hereunder, said MORTGAGEE shall apply to the Coun havi~g jurisd:ction thereof for the appoe~tmem of a Rece~ver,,such Court shafl for~hwith appoint a receiver of said mwtyaged property all and singular. indudmg all arfd singular the income, profits, issues a~d revenuei from whateve~ se~rce derived, each and every af wh~ch, it being expressly understood, is F.e~eby mortgaged as if apetifically ut forth and dexribed in the granting and } habendum clauses hereof, and such Receiver shall have all tne broad and effective funct,ons and powers in anywise entrusted by a Court to a Receiver, and s:.ch appointment shall be made by such Courf as an admitted equity and a matter of abso~ute righ? to said MORiGAGEE, and without reference to ~he ad~quacy or inadequacy of the value of the property mortgaqed or to the so~vency or insolwency ot said MORTGAGOR o+ the defendants, and that such ren~s, profits, income, iss~es and revenues shall be applied by such Receiver accord~ng to the iien or equity of said MORiGAGEE and the pradice of such Court. 8. To duty, promptly and fully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the eveni the ownership of Ihe mortgaged premises, or any part thereof, becomes vested in a perwn otFxr than the MORTGAGOR, the A'. ;RTGAGEE, its suc<essws and a:signs, may, without notice to the MORTGAOR, deal with such successw or successor in interesl wi~h reference to th~s ~T,o~~gage and the debt hereby secured in the same manner as with Mortgagor without in any way vil;ating w d~scharg~ng the Mortgagors' liabitity here- under or upon the debi hereby sec~red. No sate of the prert~ises hereby mortgaged and no iorbearance on ~he part oi the 1~10RiGAGEE or its successors e~ assigns and no exsension of the time for the payment o1 the debt hereby secured given by the MORTGAGEE or its successors or assigns, s~~all ope~ate ~o release, d~scharge, mod~fy change or affect the original IiabJ~ty of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of ihe essence of this contract and that no waiver of any obligation hereunder o? of the obligation se- ` cured hereby shall at any time thereafter be he!d to be a waiver of the terms hereof w of the instrvment secured herby. I1. In add.tia~ to the forego:ng monthly payment; of print'pal and interest required by the promisscry no!e sec~red hereby, mortgagor covenants and agrees to pay to mo:tgagee with each month!y pay~r.em an addi~ional sum estmated by mortgagee to be equal to 1 j 12 of the a~n~al tost of the foliow- ing: A-All real prope~ty taxrs levied or assessed agai•ist the aoore described real estate. ' B-Premi~ms on (ire and v.indsronn insurar,ce as here~n requ~red to be carried on the improveme~ts situate on the above described premises. ' C-Premiums on wch mortgage guaranty insurar,ce as mortgagee shatl fro.m. t~me to time deem fit to tatry on the loan secured hereby. Mortgagee shai! from t~me to t~me norify mortgago~ in writing of the amo~nt due artd payable hmeunder and such sum sha{I thereupon be due and c~yable on the due date of the next month!y payment and each successive moroh tnereafter ureil mongagee shall notify mortgagor of a change in such a~,ount. Such sums sha~l be applied by mortgag?e toward the payment of real property taxes, insurance prem.ums, and mortgage guaraniy insurance i p•emiums. - ` IN WITP:E55 NHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ! 5igned, Sealed and delivered in the presence of: ~ ~ ~Seal) ~ ? Edward T. Fearns ~~a~~ ~ ~ , Wittnesses ~~a~~ (Seaq STATE OF ~ioc New Jersey ~ S5. C~~UNTY OF ~ - 1 •l Before me personalty appeared Edward T. Fearns, 8 single adult a~~iS(~~ ~.J `1 ~ - ~ps~to me well known and known to me to be € the individual described in and who executed the foregoing instrurtxnt, and acknowledged before me that !~e exetuted the same for the purposes t a rherein expressed. Xn1q~X~xXXXXXXX}OCXXXXXXXXXXXXXXXXXXJQC7iXXXXXXXXXXXXXXXXXXXXXXXXXXXX ~ ~Jp~i XXXXXXXXXXX?QCXXXXXXXXXXXXXXXXXXXXXXXXXXJOIXXX)OCXXXXX?Cx~F~~~~~~~ ~ X~7GdG'?G. XKQGJI~2G~GK~fi~s~~Fixf?6aG~fiSKXeKAi76aG~G~fi iGeX~t1Sa1F~x1E~6t~4K?6' ~XrXe1G ~ ~e.~: - . a~aaDtoaXOaotoa7aKxqaa~~t~Wcxomwc~axec~a~3ceaot~ltlala~tae. ~ •Y~ ifd and official seal this ~~ST day of ~rC A. D. 1975 ~ " .~~~~~~Y _ t~(~• ~ y \ • J/- -~i'' : - Notary Pub!' i and for the State f 7067f~C at Large _ > ' My Commiss apires: ~j,~ ro: New Jersey ' F+rit Fade~~F'~`v~Qgs 3 loan Associat~on ~ - ~ : ~ ~ ~ ~~Qj''~Fort P,erte. - _ ~ ' ~ ~.Po~f Pierce. Flcrida ~ . . . . . . - ~ ~ . , . _ l;,b ~ ~ ~ This Instrument Prepared By ichard K. K2~. eS FI! E~ FECJAOED ~ First Federal Savings & Loan Association y ST.LU~~i ~OUNTYfLA. l of Fort Pierce Florida ROi.~ - ~ l: i RAS \ , C~E~K~C:~ i;U1? COLRT ~ d ~ ~ ?F^.•0?^ . '~':E1~~,,... Checked By ~R l 3 i 3 PM ~ 1 J go x238 683 . - 3053~4 - - - - - ~ , ; - ~4 a ~