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To ple,e and con~inuauily Aeep on the b~~d~ngs now or herea(ter ~itvate on said land and on ap equipn~ant a~~J pers~na~ly covered by Ihit morlg• ~ age, with all p~emi~ms thereon pa~d in full, (irc ii~surenca in ihe utual standard polity torm, in a svm approtied by th3 :.501tiGAGEE, end windsrorm insurence in tha usual ~tandard pol~cy fo~m, in a su~n approved by the MORTGAGEE, in iuch company or co~n~.~;e~ aa ~he MORTGAGEE may dir~ctj snd all fire and windstorm insurance poGdes an any ot saiJ kwitd~ngs, any intere+~ therein or parl Ihe~eo(, ~n Ihu aggregate cum aforesatd or . in excess Ihe~cof, shall contain Ihe uwal s~andord "mortpagee clause or such olhu <la~se as the M~ifgagea may requi~e, making the loi~ under ~a~d poli• _ cie1, each a~d every, payabla to said MORTGAGfE as ib intere~t may appear, and each and every such policy shall be ~romptly ass gned and delivered ?o . any held by se~l AtOR(GAGEE as (uriher se<vrity to said morigaye debt, and, no~ less ~h3n ~en (10) days (n au+ance of the expirat~on oi each poticy, to da- live~ to said MORTGAGEE e renewal thereof, toge~her with a ~eceipl for th; premium of svch renewal; and there shal; 6e ~o f~re or windito~m i~~suranct placed on any of said buildinc~s, any Intereel theiein or parl thereot, unless in ~he torm and with the loss payat~te as etorese;.l; and in tl~e evenl any sum of money becomei payabfe unde? such policy or poli<ies said MORTGAGEE ihal) have Ihe opt~on ro receivr and apply thu same on ac.oun~ of the indebted- nats setvred hereby or to porm~t eaid MORTGAGORS to feceive and we ii or any parl thcreof tor o~hcr .purFases, v~~tho~t thxr~b~ waiv~oy or uupair- ing any eqvity, lien or ri9M undcr or by virwe of this mortgage; and in ~he evem said MORTGAvORS shaU for any rs~son fail lo kcep Ihe sa;d prem~sas sa inw~ed, or fai) to delivet promplly any of ~aid po~icTes of inwrance to said MORTi,AGEE, or iail promptl~ to pay fully any premium therefor or in anY ~espett fail to perform, discharge, execule, e~fect, complele, comply with and ablde by ~h:t tovenant, or any part hzreof, saic! MORTGAGEE may placa and pay (or such ins~ranca or any parl thereo( without waiving ur affecting any opNon, lien, eq~ity, or right under o~ by virtue af this Mo~tgage, and ~he ~ full amount of each and every such paymeN shall be imroediately due and pnyable and shal~ bear interest frpm tho date ihereof uniil paid at thr ~ate ol nine pet ceMum pe~ annum and together with wch interest shall be sccured by the I~e~ of ~his mortgage. 4. To permit, commit or euffrr no waste, impairment or drterioration of said property or any paA thereof. ~ ~ ' 5. To pay all a~d singular the costs, charges and exNenses, inctuding a reaso~ab!e atto~ney's fee cnd costs of abetracts of title, tnc~rred or paid at . eny time by said MORTGAGEE, betause or in ths event of tha faiture on the parl pf Ihe said MORTGP.GOR ta duty, prompfly and fvlly per(o~m, d~scharge, execvte, etted, comptete, compty with and ab:de by each and every the st~pulatioro, agreements, conditione, and covena~rs of said promissory note and ~his mortgage any or eithe?, and sa~d cost~, charges and expe~ses, esch and every, sha11 be immediately due and payable; whether or rtel there 6e notice da mand, altempt ro collett or suit pertjing; and ;he full >mnunt of each and every suth payment shall bear i~terest (rc~m ~he date thereof until paid al Ihe rate of nine per centum per annu+~~; and all said costs, charqes and expenses incurted or paid, together w+th such :ntere~t, ~hal) bt tetu:ed by the ~ien of_thi~ mortgage. . . ~ 6. That ta) in the event of any brea:h of this Mottgage o? defautt on the parl of the MORTGAGOR, or (b) in the event any ~f eaid sums of money herein referred to be not promptly and fuliy paid wiihin thirty ~30) dayf next afiier 1t~e same severaliy become due and payable, without demand or notice, or (c) in tha event each and every Ihe stiputations, agreements, cor.ditioris and co+renants of sa~d promissory note and th~s mortgage any or eiiher are nol , ~vly, promptly and fully performed, d~scharged, executed, eifected, completed, complied with and abided Sy, then in eiiF.er or any iu:h evenf the said ag gregata sum mentiened in said promissory note than rrniaining ~npaid, tvith interezt acuved, and atl moneyt secured hereby, sF~all become due and pay- able forthwith, or thareafter, at the option ot s~id INORTGAGcE, as fulty and completely as if al) of thr said sums of. money were originally sttpulated _ ' to be prid on s~ch day, anything in said promissory note o~ in Ihis hlortgage to the tontrary notwithstanding; and 1he!eupon ar Iheieaiter at Ihe option of said MORTGAGEE, withoul not~ce or demand, suit~at law or In equily, therefore or thereaf?er begun, may be prosec~ted as if all moneys secured hereb~r had matu~ed pnor to its institution. - . _ 7. That in Iha eveM rhat at the beginn~ng of or at any time pending any s~it upon this Mortgaga or to foreclose it, or to reform it, or to entorce payment of any claims hereunder, said MORTGAGEE shal) apply to the Court having jurisd~ctio~ thereof {or the appointmeM of a Receiver, such Court shall ~ forthwith appoint a receiver of saio~ mortgaged preaer.ty all and singular, includmg all and singutar the income, profits; issves and revenues from whatever so~rce derived, each and every of wh~ch, it being- expressly understood, is hereby mortgaged as if spec~fically set fortl~ end described in Ihe granting and 7 habendum cla~ses hereof, end such Receiver shall have atl the broad and ei(cttive funchons and po~ven in anywiso entrusted by a Cour1 to a Receiver, and - su:h appointment shall be made by such Court as an admitled eqvity and a matter of absolute ?ight to said MORTGAGEE, and withcut reference to the _ ' adequacy or inadequacy of the value of the property mortgaged or to the soivency ot insolvency of said MORTGAGOR or the defendanis, and that svcFt ~ rems, profirs, income, issves and revenues shall be appl~ed by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the practice of such ~ Court. . - - ~ . S. To duty, promptly and fufly perform, c~~scharge, execute, effecl, complete, cor.iply with and abide by each and every the stipulations, a~reements, conditions and covenants in said promissory note >^d this morigage set forlh. . - ; 9. That in Ihe event the ownerstiip of the mortgaged premises, or any part thereof, becomes vesled in a pe~son other thar, the MORTGAGOR, the # MORTGAGEE, its sutcessors ar.d assigns, ma~, without notice to the h10RTvAOR, deal with such successor or successor in interest with refe~ente to this . mortgage and the debt hereby setured in the same manner as with 11or1gagor without in any way vitiating or discharging the Mortgagors' liability here- ~ under or upan the debt hereby secured. No.sale of the premises hereby mortgaged and no forbearance on the part of the 1hORTGAGEE or its wccessors ~ or assigns and no extension of the time for the payment of the debt hereby secured given Ky the Y1lORTGAGEE or its suctessors or assigns, a~ib11 operate to release, d~scharge, modify change or aftect the original tiab~lity of the MORIGAGOR herein, either in whole or in part. 10. It is spec?fit~lly a9reed that time is of the esse~ce of this contract and lhat no waiver of any obtigatien hereunder or of the obligatiore se- aired hereby shall at any time thereafter be hefd to be a waiver of the terms hereof or of the inst~ument secured herby. - _ 1l. In add~tio~ to th~ forego:ng month?y paymems of princ"pal and interess required by the prom~ssory note secured hereb~, mongagor covenants and agrees to pay to mo:tgagee with each monihty payrnent an add~~ional sum est:mated by mortgagee to be eq~al to 1 j 12 of the annval ~ost of the foilow- ing: - • _ ~ A-All real Froperty taxes levied or assessed against the 36ove descrihed real estate.~ " . B-Premiums on fire and windstorm insvrance as herein req~~red to be carri~d on the +mproveme~ts sitvate on 1he above d~sc:ibed premises. - C-Premiums on such morlgege gvaronty insvrar~ce as mortgagee shall from t;me to time deem fit to carry on the loan secured hereby. ~ l~tortgagez shafl from time to t~me notify mo~tgagor in writing of the amounf due and payab~e Fereunder and wch svm sl~all thercupon be due and payabte on the due oate of the next month:y payment and each svccessive monlh thereafter urtil mortgagee shall notify mortgagor of a change in such amount: Such sums shail be appGed by mortgagee to,rsard the payment of real property taxes, insvrance prem:ums, and mortgage guaranty insurance premiums. . In Y~ITNESS V~HEREOF, the said ti'ORTGAGOR has hereunto set his hand a~seal the day and year ' sl afore id. Signed, Seated and deliv d in the presence of: p A~a ~ - . 5~~~~~ Cr Y E . ~~ary R4CER Q01~~A~ ~ CIERK G~~CWT COtlhT (Seaq . lIECQRO VEA{PIEO (Seaq ~ - ~ Clotilda F. Ta lor ~~a~~ - ~ _ - ~ ~ .$:~p I~M z5 ~ STATE OF FLORIDA - . - _ St . Luc ia - ~ COUNTY OF - I ~ Before me perscna"y appeared ~Dyd TaV~'Or end ; _ L'].G~~,~(1@ F' . Tavlar his wiie, to me well known and known te me to be ` the ?~dividuals described in and who ezecuted the foregoi instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the ~aid Clotilde .T'' .~aylor ~ wife of the sa~a Llc~yd Ta91or , ~pon a separate and privste examination by me taken separate and apart from her said husband, atknowledged to and before me that she execvted said inxtrument freely and volun- ~ rarily and without any compul:ion, constraint, apprehens' n, or fear of or from her said husband. € WIiNESS my hand and official seal thi~~~" day of . A..D. 19~ : - IS.~ - - - ~ " Notary Public in an r the te ot F!o a c! Large _ ' My Commission expires: _ Retum To: " d `9 G.. _ First Federal Savinga ~ loan AssotiatiOn _ - Of Fcrt Ple:ce. ' .,~.tt~ir~rij~~f~ Fort Pierce, fbrida - + ~11:G. . _ _ - . • - - z~ % _ - ` ~ J - ~ ~ - =?~:_~pT~ r - P"= _ This Instrument Prepared By Jahn W. Colliris - i~-._:_ _-,y d+s~. :u First Federal Savings 8 Loan Ajsociation - ~ - - • ~ of Fort Pierce~ Florida $~OK 24~ 8 l. ~ ~ ~ ~ _ ,r,.. _ ~p - c~` . . • ~ , ~ Checked B r~ - ' ' ~ . Y - pt ~ ~If~~ikli6;%n~i~ . z . ~ ~ ~.i` • ti ~ - - -----t-•- - -