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To ptace snd tonluiuou~iy keep on the tw~~dmgs now or heroafrer siTUate on sa'd I~nd and on a!I equ~pment and p~rsonilty cove~~d by t~if ma1~ p~, with all prrmiums ~hr~eon pa~d m(uil, f~re i~auranca io ihe us~al st+uduJ pot~cy form, in a sum aNpro~ed by th0 MOR~GAGEE, •nd windflam in~urance in the usual standa~d pol,cy for~n, in a aum aNprored- by ~he MORTGAGEE, in ~uch cwnpany w ton+panits ~s IM MORTGAGEE may d'uect; and all fi~s and w~ndstorm insuranca pofiues o~ any oi eaid build~n~s, any inte~~u thcrein w put Ihereoi, in tM ay~reyata wm afwsuid a in e~cceu ~hereof, s~aU contain the usual sia~zdard mai9age~ dause a iuch otha clauu as the Mortpayc~ may requ~r~, makir+y tht lou undt~ uid poli~ cis~, each and evmy, payab~e ta said h1pRTGAGEE a~ ~~i in~erett msy ~ppear, and e~ch and every such pol~cy ~hall be promptly a~iyned +nd dtlivered ~o any held by ssid MOR1GAGfE as further security to said mwtyage debt, and, not leas thsn Ien (10) days in ad~ance ol the expiratio~ o( each polity, to dt live~ lo said MORTGAGEE a renewal therrof, toge~her with a rece+pt fw the premium of :uch renewal; and ~hert shall be rq i~re or wir~s~o.m insu?~nc~ ~ r pl~c~d on any of said boitd~n9s, any iroeroat therein a part ~hereof, unless i~ the form and wi~h f!~e loas p~yable ai afwe~aid; and in tht •veM any sunn of money bccomes payable unde~ such policy u poLc;e~ seid MORIGAGEE ~hatl have the opf~on ~o recrive and ~pply the same on account oi the indebted~ neu setured hereby or to permit wid MORTGAGORS 1o retaive and uss if ot any pail thereof for onc~r purposes, without Ihneo/ waivi~~g or ~mpair- iny any equ~ty, lion w riyht vnder a by virtue of this mo::gags; and in the evenl sa~d MORTGAGORS shall for any reason fail to keep tht taid prtmises w inwrrd, w fail to dctivcr promplly any of said pol~cies of insurance to sa~d MORTGAGEE, w fail prompfly to pay fully ~ny premium Ihe~etor or in a~y respect fail to perio.m, d~scharge, execuie, effect, complete, comply •Hith and abide by th~s covenant, or •ny pa~t he~eof, said MORTGAGEE m~y place and pay fp tuch ioaurance or a~y pa.1 Ihereof without waiving or affecting any oprion, lien, equ~ty, oi right under w by vi.tue of this Mat9aQe, and the full amounl of each and eve~y such ~ayment shall be immediarely due and payable and shall brar inte~est lrom ths date thereof until paid at the rate ol ~ nios pe: centum per annum and togetha~ wnh such inrerev shalf be securrd by the lien of th~s mortyage. - 1. To permit, commit w suffer no waste, impairment or deterio~ation of said property o~ any paA thereof. S. To pay all and singuiar the costs, chuges and expenses, includ~nq a reaaonsble attaney's fee and coits of ebstradt of title, iocucred w paid ~t sny time by said MORiGAGEE, because or in the event of the is~lurc o~ t?ro part of the saEd MORiGAGOR to duly, promptly •nd fully ps~form, d~xhargR execute, eflcd, complere, comply w~th and ab:de by each and eve.y the st~pulat~ons, agreeme~ts, cond~~~ons, and covenants of said p~omi:~ory note and thif mortgage any or e~ther, and seid costs, charges and expenses, each and every, shall be immed~atety due and payable; wheiF+er a not there be not~ce do- mand, attempt to co1lect or suit pendmg; and the iull ~mount of each and every such payrneN shall bear interest from the date thereof until paid tl Ihe ra~e of nine per crns~m µr annum; and a11 w~d cosn, cbar3es and eapenses incurred or paid, toge~her w~th such imerest, ~hall be setured by the lien of thq mortpsqa 6. That (a) in the event of any breach of this Mwtgage o~ defaul~ on the part of the MORTGAGOR, w(b) in the event ~ny oF ssid sums of mo~ey herein referred to be no~ promprty and fully pald within tht~ty (30) days next afte~ the same aevera!ty become due snd payable, without demsrd w notice, or (t) in the eveM each and every the st~pula~ions, agreemcntt, cond~tions and covenamd of sa:d promissory note and this mortpa~e any o~ e~the~ •re nol ~uly, promptty and fuily performed, dacha~ged, txecueed, effetted, canpteted, compGed wi~h and ab~ded by, theo in e~~her p any tuch event ths iaid ag gregat~ sum mentioned in said promissory note then rema~~ing unpaid, with interest accrued, and a11 moneys secured hereby, iMll betome due and pap eble lorthwith, or thercafrer, at the opr~on of said A10RTGAGEE, as fully ar+d complete~y as if all of the said sums of money were or~ginalfy stipulsted to be pa~d on wch day, anyihing in sa.d prom~ssory nare or in this Mortgage to the conrrary notwi~hstand~ng; and thereupon or thereaiter at the option of said MORTGAGEE, without not~ce or demand, su~t at law w in cqwty, ~he~efore or thereafter begun, may be prosecuted ai if •II money~ secured hereby had maWred pnor to us inst~futicn. 7. That in the event that at the beginning of w at any time pending any su~f upon this Mortgage, w to iweclose it, or tp refwm if, or fo enforq payment of any clai...s hereunder, said MORTGAGfE shall app~y to the Courf having jur,sd~c~ion thereot for the appointment of • Receiver, auch Covrt shafl forthwith appoint a receive~ of said n,ortgagrd property a11 and singular, includ~ng all and s~ngular tF.e income, proi~ts, issues and revenues irom whatever source derived, each and every of wh:ch, it be~ng expressly underarood, is hereby morigaged ss i4 spec~ficaity xt fath and destribed in the graming a~+d habendum clauses hereof, and such Recewer shail have ail the b~oad and effecnve f~ncf,ona and powers in anyw~se emrusted by a Court to • Receiver, ~nd s~ch appointment shall 6e made by such Cou+t as an ad~nirted equ~ty and a matrer ol abso~ute right to said MORTGAGEE, ~nd without reference to the adzquaty a inadeqvacy of the value of the property mortgaged or to the so.venty or insoivency of sa~d MORTGAGOR or fhe defendantt, ar.d thal such renrs, profits, income, issues and revenues shail be appiied by such Receiver ac:ord~ng to the tien or equity of said MORTGAGEE and the practice of such Court. 8. To d~fy, promptly and fully perfo.m, d~scharge, execu~e, effect, complefe, comply with and abide by each and every the sfipulations, agreements, conditions and covenan:s ~n sa~d promisswy ncre and this mortgage set fw~h. 9. That in the event the ownership o( the mo~tgag~d prem;ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, !he MpRTGAGEE, its successors and ass~gns, may, wiihout nof~ce to the MORTGAOR, deal ti~th such successor or successor in interest with reierence to this morrgage and the debt hereby secured in the same manner as wi+h 1Mrtgagor w~thput in any way viuating a d~xharging the Mongagors' li~bility hers under o~ upon the debt hereby secured. No sale oi ~he premises hereby mo~tgaged and no fwbearsnce on the part of the MORTGAGEE or its successo?s or a:s~gns and no ea~ens~an ot the ri~ne fo~ the paymenr of the debt he~eby secured given by the MORTGAGEE or its successort or ass~gns, ,hall operat~ ro release, d~scharge, modify change or affect the o+iginal Jiab~l~ty oi ~he MORTGAGOR htrein, either in whole or in part. . - 10. ft is speuf~c~l{y agreed that time is of the essence of th~s contract and that no waive? oi any o6ligation hereunder or of the obligation se- curcd hereby shal~ at any time thereaf~r be hcld to be s waiver of tht terms hereof or of the instrumeM setwed herby. I1. In add:r~oh 'o rhe faeyo ng month!y payments oi princ oal and interes! requ~red by the prom~ssary note s~cured hereby, mortgagor tovenants and agrees !o pay to mo~tgayce xah zach mor.th~y pa~~.•ent an add~~ioral s~m es!~~~,ated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ;n~: A-Ail real p~operty taxes ~ev~ed or assesscu ayai•,st tne above drscribed reai estate. . B-Prem~v~r.s on f~re and w~ndsto'm ir.su~acce as h~re~n ~equ;red ro be carried on the ~mproveme~ts situate on the above destribed premises. C-Premiurr•i on such matgage guarar.ty ir.surar.ce as mortgagee shafl from tme :o time deem fit to carry o~ fhe loan sec~red hereby. 1,Awtgagee sha!1 from t~~-,e to nne nouiy mortgagw in wrrt~ng of tfie amoum d~w_ and payable hereunder and such sum shall thereupon be due and ~ayable on tha d~e cate ef the nert mo~th:y payment and each wccessive month thereafter until mo~tgagee shalt notify mortgagor of a change in such a~,ount. Such svms s~°a:l be app:ird by morrgagee tovvard the payment ef reai property taxes, insurance prem:ums, and mortgage guaranty insurance p.emiums. ~ ' IN YlITtvE55 'NHEREOF, the sa~d hiORTGAGOR has hereunto set his hand and seal the day and year first aiwesaid. ~ Signed, Sealed and delivered in the presence of: ~ ~ f~l•.0 ANI~ P.~~fl?.!E! ~ ~ - - Sj. LUCtE L~t~tITY ftl ~ , ~ [ RoC~~ fuEZ~?S Henr chard ` - ~ Ct~RK C~ ~.GtlIT CCURT ; . 'n ~ . ~ - ocrOf,~ YE~i~:E~ y - ` ~,li i ,J1 l-' .:~i~'~ ~a4 ~ _ _~~f i~t_ x ~ . < ~ ~ Mabel T. Richard ~ 30 12 s9 PM'76 ~ S7ATE OF FLORIDA ~ ~ 338~1y ~ st . ~U~ ~ e _ COUNTY OF a ~ Befwe me perwnslty appeared H@l]ZV Riehard a~ ~ Mabel 2 Rieha rd hia wife, to me well known and known to me to be ~ the individuafs described in and who executed the foregoing instrument, and acknow:edged before me that they executed the same for the purposes therein exprcssed. And the sa~d___.__ Ma~l T. Riehazd S w~r~ of t~ sa~d Henry Richard • q upon a separate and pr'rv~r~ ~ e:aminat~on by me taken separate and apart (rom her said husband, acknowledged to and before me that :he executed said instrument freely and volun- ; ~arily and w;thout any compu:sion, cons~rainL apprehens:o~, or fear of or from F~er said husband. i _ ~ WITNESS my hand and offiual seal th~s__ ~'~f~- day of June A. D. 19 76 ~ _ Notary Public in and for th ate of Fbrida ~t larye ; My Commission expires: ' r ~ Retum To: ~ Q d . ~ ~ First Federal Savings d. loan Associat,o~ I~ ~ t Of ie~t P,e~ee, - ~ fort P~er«, FlGrida i < i } . ~ ^ r , ~ ~ ' ~ This Instrument Prepa,ed By J. H. Robezts Jr, , . N' First Federa! Savings & loan Association : ~ of Fort Pierce~ Florida 33450 < ~ ~ ~ ~ Checked By ~ , ~ - y }'r ( ~Qi~~ _ # • ~ ~ z ~ ~ E ~ ~ ~ ~ : - ~ _ . _ . . . . r _L_