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To place and con~inuousiy keep o+i the build~ngs no~v or he:eafter situate on said land and on all equip~;ient and personally covcred by this rnortg• age, wiih ali prem;~mi ti~ereon pa:d in fuil, fira insurance in the uwal erandjrJ policy i~rn~, in a sum approYeJ by Il:a MORiGAGEE, a~~d w~ndstorm . t insurance In the ~sual ttanda~d policy form, in a sum approveJ by Ihe h1l~RTvAGEE, In s~th company or companFes as the h50RTGAGEE may dirtc?; and all lire and winditorm insurance poticies on any of seid buildings, any intereil therein or part Ihereaf, in the aggr~gata >urn etoresaid or In excess lhereof, shall conlain tha ~sva! standard mortgageo t~ause or suth olh:r tiauso as tha h5orlgagea r,;ay requite, making Ihe loss und~r said poli- ties, each and every, payable to said h10RTGRGEF as i~s interest may appear, and each and e~ery suth policy shall be promptly ass gned and dalivered io ~ any hald by said htORTGAGEE as iur~her security to ~aid mortgage debt, and, not less ~han ten (10) d~yx in advance ot Ihe expiration of each poticy, to da- liver to said AtORTGAGEE a renewal Iheraof, tc+gether with a receipT for tht premium of wch re~ewal; and there sl~all be no iire or windstonn intutanca placed on any of said buildings, any intereel th<rei~ c~ par~ thercof, uiless irr the form and with the ioss payabfe as aforesaid; and in the eve~t any sum of mo~ey becomes payable vnder such policy or policies said h10RTGAGEE shell have the option to receive and apply tho same on account o( Ihe indabted• ~ ~ess secured hereb~r o~ to permit eaid MORTGAGORS to teceive and use it or any part thereof fo+ onc~r purposes, v~ithout Ihercb/ tivaivi~~~ or Impair- ~ ing a~y equ~ty, lien or right ur.der or by virt~e of this rn~:lgage; and in the event sai~! MO~TGAGORS s~all tor any ~eason fail to keep the said premise~ so (nsured, qt fai( to dei~ver promptly any of said policies of insurance to satd MORTGAGEE, or (ail promplly to pay lutly any premium therefor or in any - respe,ct fail to perform, d~scharge, execute, ef(ec1, comNlete, compty wi~h and a5ide by this covenan~, or any parf hereof, said hIORTGAGEE may ptace and pay for such insurance or any parl thereof without waiving or affectirig any option, lien, equity, or r~9ht under or by vntue of this Martgage, ~ and the , full amo~nt of ea;h ind evary wch paymen~ shall be immediately eve and payable and shall bear iMCres~ from tha date ihereoi unti~ paid a~ the rate ol ~ nine per centum per a~num and togetlirr ~vith such inter~sl ;hall ue secured by Ihe litn of this mortgage. 4. To permit, ccmmit or su((er no waste, impairment w deterioration of said proprrty or any part thrreof. - _ _ 5. To pay all and singular the costs, charges and expenses, includ~ng a reasonable attomey's fee and costs of abstracts o( tiNe, inwrred or paid a1 any time by said MORTGAG:E, because or in tne event of the fa~lur~ on the part of the said MORTGAGOR to duly, prornptly and fully per(orm, distharge, execute, 2(fect, cornplete, c~rmply with and ab:de by each and every the stipulations, agreemeMS, tonditions, and covenants of said promissory note and this mortgage any o~ ei~her, ani! sa~d costs, charges aad expen!es, each and eve~y, shall be immediately due and payable; ~vhether or not there te notice da mand, attempt to coltect or suit pend~ng; and the fuil amount of each and every svch paymeN shall bear interesl from the date thereaf until paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~1h such iMerest, shal) be sec~+red by the lien of this mwtgage. - _ . ~ ~ 6. That (a) in the event of any breach of Ihis Mortgage or detault on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid ~vithin thirty (30) days nexL aiter the same severatly become due and payab!e, wilhoul dernand or notice, or (c) in tha event each and eyery the stipvtationi, agreements, conditions and covenants o( sai~ promissory note and th~s morigage any or eilher are no1 iuty, promptly and ful:y performed, d~scharged, executed, effecled, completed, complied ~vith and a6ided by, then in either or any such event 1he said ag gregate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all monays secured hereby, shall become due and pay ~ able forthwiih, or ~hereafter, a1 ~he option o( said MORiGAGEE, as ful~y and complefety as if all of the said sums of money were originatfy stipulated . fo be pa:d on s~ch day, anything in sa;d promissory not~ or in this Alortgage fo 1he contrary ~otwitFistanding; and thereupo~ ot thereafter at the option of said MORiGAGEE, without notice or demand, suit at law or in eq~ity, therefore or thereaher begvn, may be prosecuted as if all moneys secured ha~eby had mawred prior to its institution. . 7. That in the event that at the beginning of or at any time pending any suit vpon th~s lNortaaae, or !o fo~eclose it, or to reform it, or to enforte payment of any claims he~evnder, said MORTGAGEE shall apply to the Cour1 having jurisdrction lhereol for the appointmenl of a Receiver, such Court shall . forlhwith appoint a receiver-pf said morlgaged properiy all rnd singular, intludmg all and singular tF~e intome, profits, issues ard revenues irom whatever - source derived, each and every oF which, it being expressly undarstood, is hereby mortgaged as if speci(ically set for~h and described in the ~ranting and habendvm dauses hereof, and svch Receiver shall hav~all th~ broad and eifecrive funci~ons~and powers in anywise entrusted by a Court to a Recei~a~, and such appoinfinent shall be made by such Court as an admiued eqvity and a matter of 'abso~ute tight to said h10RTGAGEE, and without reference to the adequacy or inadeqvacy of the value of the property ~nortgaged or to the soivency or insolvertcy oi said MORiGAGOR or the defendams, and that such _ rems, protits, income, issues and revertve~ shall be applied by such Receiver according to the lien or equity of said h10RTGAGEE and the practice of such Court. . . - . . 8. To du1y, promptly and futly perform, discharge, execute, effecl, complese, comply wiih and abide by each and every the sttpulations, agreements, conditions and covenaros in said promissory note ~nd this mortgage set forth. - - , 9. That in the eveM the ownership of the mortgaged prem;ses, er any part thereof, becomes veited in a person other ihan the MORTGAGOR, the 6tORTGAGEE, its successors and ass~gns, may, wi~hout nolice to the :NORTGAOR, deal wi~h such successor or :uccessor in interesi ~vith reference to this mortgage and the de~t hereby secured in the same manner as with l.5ortgago~ wlthout in any w~y vitiating or discharginc~ the ~.lortgagors' liabitily her~ " unde~ or upon the debt hereby secured. No sa~e of the premises h~~eby m.~rtgaged and no forbearance on the par~ of the 1JlORTGAGEE or its successord or assigns and no extenfion of the time for tha payment of the debl h~reby setured given by the MOR7GAGEE or its succassors o? assigns, ahall operate to retease, d~scharge, modify change or affect the origlnal liab~lity of the 1dOR7GAGOR herein, Pither in whole or in part. , ' 10. It is spec~fically agreed ihat time is of the essence of th~s. contract and that ~o waiver of any obligation herevnder or of tF.e obligation se- - cured hereby shall at any time lhereafter be h~!d to be a waiver of the :erms hereof o? of Ihe instrument secured herby. _ 11. In additio~ to the forego:ng ationth!y paym~nts of princ'pal and interest required by the promissory note secuted hereby, mortga~or covenants and agrees to pay to mortgagee with each monthly p~yrr,ent an add~iional wm assimated by mortgagee to be equat to 1/12 of the ann~al cost of the follo~v- ~^9~ ~ ~ _ ~-All real property taxes levied cr assesi<d aga~~st the above descri5ed reai estate. . - B-Premiums on (ire and ~vindstorm insurer.ce as herei~ ~eqv;red to be carried on the improveme~ts sitvate on Ihe above destribed premises. C-Premivms o~ suth mortgage g~aranty insurance es mortgagee shail frem Yme to ti~ne deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify martgogar in writing of tF~e amount due and payable hereunder and wch surn shall thereupon be d~e and - payabfe on the due da?e of rhe next month!y pay.s,r,; an.-! each sxcessive month ihereafter ur,til mortgagee shall notify mortgagor of a change in wch amount. Such sums sha:! be apptied by mortgagee towarJ the payment of real property taxes, insurance prem;~ms, a~~d mortgage guarant inwrance premiums. - , IN Y~ITNE55 WH Of, the said h10RiGAGOR has hereunto set his hand and seat the day and year fi~st aforecaid. $ Signe Sea! an el' er in the pres ~ce of: f~~E~ fiH?~ ~~~V~~;~ ? . - 57.LUCit Lv`3l1R Si.~- ~ . - . ~ RO~= - '7 -tSeal) " ~ ~FC Cl:•~~~i ~Cllit~ ~b F Shaw ~ C L _ • (Seal) ' ^ ~':f~iEi• . ~ _ ~c~;•.•. • _ (Seal) - ~ 4 OS ~~'7~3 (s~an : SiATE QF FLORIDA ~ ~VSO~q~ " ~ COUNTY OF i St . LUC1@ ~ f _ ' _ Before me personatty appzared BO}7 F, Shaw, a s i ng le a ou 1 t ' _y;j~)4}f~ to me ~vell known and known to mp to be the individcai described in and who. executed ttie foregoing instrument, and acknowledgad be(ore me that he ezecuted the same for the purpeses thereir. expres~ed. ~~ht_ ~ - ~ 931I+ClCli0CdS3CD679 - ~ - _ - - € 7f]0)d1Q3Qi~CIL~tbWC}(~F]{Ji3~irY.1C7~dmi~6~fPCb~fbfiCA6?C _ .~X~~l~fi~d'~~1E+~4~fX - . 7C~+Q~CfQDt1Qt}C7~1yiC~5}6 7+4~Xs?~Id3GXa~C~Xifo~W9~E~41G~l~df~}~ ~k~li?~?fr.Z4i/•~fr~7F~Ga~fi~7ib~+}(iX = . WIiWE55 my hand and official seal this T~1 ~ da of : y i~18` y A. .D. 19 7 5 ` - _ : - ~ ~ - - - _ _ Notary Public in and for e!ate of Florida at large - _ ` My Commission expires: t _ i Return To: _ . - _ - € First Federal Savings ~ Loan Associatior. ~ Of forf P~erce. _ ~ ~ d fort Pierce, Florida Mp,~y irK 3b• 1l76 _ ~ - - MY CoMMissi~~ E~cp ~ - ` " - _ - 6ondtd bY An'ariu~ Fire 6 ``,1,~1`u~itiiJ'~r ~ ~ ~ . ~ This Instrument Prepared Sy John l~. C~11 ins - :r } ; First Federa! Savings & Loan Association _ - , t • ~ ` = ~ of Fort Pierce , Flor ida ; r~`~~ 0 it ~re~ ~£~~~t r;;~A,t; ~,1~ ~ - Checked 8y $flCK - . ~ _ ` _ ~ .-rx%~f_L~~~ ~i~ j - - - ; ~~•r• - - .4, ~~n; : ~ _ - ' - . _ ' _ ~i~'~. ~~1~~~j•'~•• ~J - i L . ~ . - - ~ ~ - - - ~ .~t~, i . . - ~ a . - . ~ ,~1/71t~...•-.. ~ ~ ~ _ - . ~ F ' - _ " . . ~ . _ . -t`. . s.Yt~ . ~ ' t i ' ~