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To place and cominuously kcep on ~he bui'd~~g• ~ow or hereafur iituate on iaid tand and on ~11 equipm~nt ~nd pKSOnally covaed by thi~ mw?~ q~, with ~1) premium~ thereon pa~d in lull. fi~e insu~ance ~n 1he uauei standard polity fwm, in s tum approv~d by IM MORTGAGEE, ~nd wi~tpm insw~nce in tM u~wl standa.d poi~cy fam, in a sum ~pproved by d~e MORTGAGEE. in iucb company o~ tanpae+~~s u tM MORIGAGEE may dirKft u~d all fir~ and wi~clstorm insurar+te policies on any o( said build~nqf, a~y inttrtal thatin q p~rt th~reof, In ~h~ p9re9+t~ wm a(ayaid o~ in ~:cesi lhereoi, shall contain the uswl afandard matgagee clauss or such o~Fwr tlau;s at Ih~ Ma~paqe~ may rpuit~. m~kinp th~ Iws ~ndN s~id poli~ , ci~f, ~ath and ev~~y, payable ~o said MORTGAGEE as ~ts inferest may appea~, uxl ~ach and avery such policy shall b~ promptly us:pn~d ~~d d~~lvKCd to ' sny held by sa7d MORiGAGEE as fur~her secv~ity ~o iaid mo~tflage debf, and, r+ot feu ~Mn tsn (10) d+ys In ~dvenct of tM ~xpiration of ~~th polity, to dr IIvN to uid MORTGAGEE • ronewat thereof, to9ether with a receipt (a the premium o} such rtnew~l; ~nd th~r~ sMll b~ oo iin or wind~lan~ insw~nc~ pl~ced on ~ny of said buildinfls, any in~erest thereln or pa~t thereof, unleas in ~hs (orm •nd wi~h tM lou p~yabls as •fa~said; ~nd in tht ~v~nt anr wm of nwn~y becanes payable vnder such policy o~ polaies aaid MORTGAGEE shall have iM opt~on to recaive ~nd ~pply tM su++~ a+ accovnt of tM indtbted nest secwed hs~eby w ro permit said MORTGAGORS Io receivs a~d ute it or any part lheroof fw other purposes, withoul 1he~eb/ waivinp o~ anpair- ii+p any equify, lien pr righl under w by virtue of ~hi~ mo::gage; and in ~he event is~d MORTGAGORS sMll fw any ?eason fail to keap 1M ~aid pr~mise~ w inaured, o~ fai) 1o deliver promptly any of said pol~c~es of inturance to said MORTGAGEE, a fail promp~ly to pay fully ~ny premium tF?er~fo~ w ln u+y rtspett f~il W pe~(wm, discharge, executa, elfect, complete, cornply wi~h and abids by thii cavenant, w a~y ps~t he~wf, said MORTGAGEE may pl~ct and 'p pay fa suth insuraoce o~ •ny parl thereof wi~hout waiving w afFectinp any option, lien, equity, St ?ight under or by virtw of this Mo~tys~e, ~nd the S'~ full amounl of each u+d ev~ry such payment shall be immediately d~e and payable ~nd shall bear interei~ from ths dat~ the~eof until paid at tM nt~ of nins per centum pet annum and together wirh ssxh interesl shali be secured by the lien of this mortp~pe. 1. To pe~mif, tommif or suf(er no waste, impairment a deterio~ation of ~aid property w any p~?t theteof. ~ 5. To psy sll and singulu the costs, charges and expense~, including a reasonable anan~y's fee and tosts of abstr~ctt of title, inturnd w p~id ~t a~y fims by said MORTGAGEE, because w in the event of the failurc on the! pan of ~he said MORTGACaOR ro dvty, promptly ~~+d fvlly p~rtorm, discharq~, execute, ei(cd, campiete, comply wirh and ab~de by each and every the stipulatwns, ayreemenn, conditions, ~~d covena~ts oi aid pra~iswry ~+ols and fhi~ mortgage any w e3ther, and se~d costs, charge? and eapenses, each and every, shall bt immediately dw and payablr, whethe~ or not ther~ b~ ~?otice ds mand, attempt to collett or ~uit pendmg; and the full amount of each and wery suth payment shall bear interes~ from the dats theteof until p~id N fhe ~ate of n~ne per cencum pNr an„u:n; and all said cosrs, charges and eapenus incurred w paid, togethe~ w~th such interesf, ~hall b~ s~tured by th~ lisn of this morty~ge. b. That (sy in the event of any breach of this Mo~tgage or defaull on the part of the MORTGAGOQ, w(b) in the eveM ~ny of taid sums of money herein r~fxred lo be not promptly and fully paid w~rhin ~h~rty 130) daya next after fhe same severally becane dw and payabk, without dem+nd or notics, or (c) in tM event each and every the stipularioru, agraemems, condit~o~s and covenanti of sa~d promissory nota snd -tlws matpape any o? ~ither are not ~uly, promptly snd fully perfo~med, d~uharged, executed, effected, compteted, compl~ed with and ab~ded Sy, the~ in either q~ny tuch wtnt th~ uid preyate wm mentioned in said promissory note the~ remaining unpaid, with interesl acvued, and all moneyf setured htreby, shdl betoms dw and p+y- ~ble iorthwith, w thereafter, ar ~he opt~ai of said MORTGAGEE, ai fully and comp!etely as ii all of ~he uid sums of money were aipinally st~pulated to be paid on such day, any~hing in sa:d promisswy note or in this Mwigage ro the comrary notwithuanding; and thereupon a therealter at the option of said MORTGAGEE, without notice w demand, suit at law w i~ equ~ty, lherefwe or theresl~cr begun, may be prowcvted u if al) montys setured heteby. had matwed pr~or to ~ts ins~~+uran_ . 7. That in the event thaf at ~Fx beginn~ng of or at any time pe~ding any suit upon rhis Mortgsge, w ro iweclose it, or to ?efam it, or to ~nfwa =awy.+.snt nf ~ny elaim~ F.~~eunder; uid A~YTGAGFE slull anoty to tF~e Co~,rt havi~ iurisd~ction Ihereof for the anoointnrnt of i R~ceiver. futl~ CnuA thall (wehwith appoint a receiver of said mortgaged prope.ty all and s7ngular, inctud~ng alI and s~ngular ~he income, profits, hfues u~d r~vemus irom what~ver source derived, each and every of wh~ch, it bting expressly underseood, is hereby mortgaged as if specitically ut fpth and dNtrib~d in the yr~minp and habendum dausea hereof, and such Receiver shall have a11 the broad a~d effective funa~ons and powers in ~nywiss entrutted by a Court to ~ Reteiver, and such appointment "ihall be made by such Court es an adm.itted equity and a matttr o1 absolute right to aaid MORTGAGEE, and without ~~ferenc~ ro 1M adequaty w inadeqvaty of the value o~ the p~openy mortgaged w to the sowency or inwlvency of said-MORTGAGOR p the defendants, and that tuch renrs, profits, incane, issues and revenues snall be apptied by such Receiver according to the lien w equity of said MORTGAGEE and the prxtits of such CouA. 8. To duly, promptly and f~lly nerlorm, drscharoe, execute, effert, comnlete. comply with and ~bide by each a~d every the alipulationa, sareemeota, ~ tonditans and covensnts in u~d promis:ay note and this mortgage set forth. . 9. 1F~at in the event the ownership of the mortgaged premises, or any part thereof, becornes vtsted in a peraon othe~ than the /NORTGAGOR, tFw ~ J MORTGAGEE, its successo~s and assigns, may, without rwtice to the MORTGAOR, deal with such suctessw w svuessor in interest with reference to this mwtgage and the debt hereby sec~red in the same manner as with Mo~tgagor without in sny way vitietinp or discharging ffie Mortgsgo:s' liability here- ` under or upon the debt hereby secured. No sale of the premis?s hereby mortgaged and no fwbearante on tM p~?t of 'the MORTGAGEE or in wctesson / o? ~ssigns and no eatensio~ o! the time fa the payment o! the debt hereby secu~ed yiven by the MORTGAGEE or its sutoessors w astigns, sMll operatt l.'~ Io releax, d~scharge, modi(y change or aifect the orig;nal liab~lity of the MORTGAGOR herein, either in whole w in part. ~ 10. It is speufically ag~eed rhat time is of ihe essence of this contract and that no waiver of any obli9ation F?ereunder w of ths obliyation sr ~ tured hereby shali at any time thereafter be he:d to be s waiver of the terms hereof a of the instrumenl setwed Fxrby. ~ 11. (n add~tio~ to the forego:n~ montnfy paym=nts of pri.^.c pa! and interest required by the promissory note secured hereby, mortgagor tovensnts and agrees to pay to mortgagee with each monthly payr,,ent an add~iional sum estimated by mortgagee to be equal to 1/12 of the annual tost of fhe follow- " ;ny, r A-All real properry taxes iev~ed or assessed aga~~st the above described real estate. l ~ B-Premiums on fire and windstorm insurar.ce as herein requ~r~ to be carried on the improvements situate on the ~bove dtscribed premises. C-Premiums on such mwtjage gvaranty insurar~ce as mortgagee sha31 lrom time to time deem fit to carry oo fhe loae secured hereby. Nbrtgagee sha~l from time to t~me not~fy mortgagor ]n wrir~ng of the amount due and payable hereunder and soch wm shall thereupon be due and ~ payable on the due aate of the ne:t monthty paymem and each"successive month thereafter ur.til mortgagee shall notify mortgagw of a thange in suth . ~ artwunt. Such sums shall 6e a lied b• morr a ee towa~d the a ment of real r rt tazes, insurante ~ PP ! 9 9 P Y P~ Y prem.ums, and mwtgaga guaranty insuranCe p~emiums. _ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day snd. sr first afaesaid. ! Sig . Sealed and de!ivered in the presence of: „ r. FILED Rw; ~ECOs~DEO ; 1-tn,t/ ~ (Seaq ST.CU;.1~ ~•0~N ASLA. ZZV1I1 3 0~-~~~" Ri +4 ~iE'•?, ~.,ti.;7 COURT ~ , ~ R: " _ . r ~ y O • ~ STATE OF FIORIDA SEP Z~ IZ 40 PM'~~ COUNTYOF St. ~,~le ~ 31'~521 Before me penonally appeered I1 V lII SCOtt a~ _ Sc:t'i ~ a r~al j~ his wife, to me well known snd known to me fo be the individuals described in and whb executed the fcregoing instrument, and acknowtedged before me that thsy executed the sarta for the purposes fherein expressed. And the said- MaZ}/ SCOtt wife of the said 11 V 1D SC Ot t , upon a sep~nte and pmrdt examinat~ by me taken separate and apart from her said husband, acknowledged to and before me ihst she execufed said iratrument freely and volun- tarily and without sny compvlsan, constraint, apprehens~on, or fear of or from her said husband. WITNfSS my hand and official seal this_. day of Sentemher , A. D. 19_~$ Nwary Public in s Sute of Fbrida aT l~r~ j My Commiuion ex res: Return To: 1.ntarY ^y:.!~c. S'o~• rt r~•rir?a et ie-••~ Fint Fedewl Savings 3 Loan Aswciatlon - e : C --.:~~;sice £ z ;,i•~ :2, !9': Of Fort P~e:ce. Ccr.,i_;i o/ ~Lr.;ii:~~, F~:: g C~,•:-~~~ Fort Pierce, Florida ~ . '.i ' This I~strument Prepared By Gary F. Bllwood • ~ F' st Federal Savings 8~ Loan Association ~ of Fort Pierce ~ Flotida U~ ~ - !j~= 8~~~ ~44 164 = ~ ~ ~ ~ - ~ Checked By - _ ~ t. ' _ - ; s~ . 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