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To plece and contin~ously keep on ~ha bui!d~n9s now or herca(tcr i~tuate o~ said Isnd and on a11 eryuipment and persona~ty covered by ihit mwtg- age, with al) premiums therton pa~d in fu~l, (iro insvranco in tha vsual starxie~J policy fatm, in e sum approvtd by Iha MORiGAGEE. end w~ndstorm ~ Insuronce in the ~sual st>.ndard pol;cy (orm, in a ium app~ovcd by ihe MORTGAGEE, in ~vch to~npany or coR,pan~es as the h~ORTGAGfE may diredj ond al) tire and windetarm insvrartce policie• on •ny aF fnid build~ngi, any interest lhuein cr part ihereot, in tAe aggregate svm aforess~d or ; In extets ~hereof, iF~ell contaln the uwai ~tandard morigagee dause o~ svch other dause es the Matgayee may reqv;re, rr.aAing ~ha loss unJer ia~d potH ~ ~ cies, each and every, payable to said A10RTGAGEE ai 'its inte+ett may eppeat, and each a~d every tvch policy shall be pn~mptly ass gned and del~vered to any hald by seid hIORTGAGEE as fur~her security lo seid mortqage debt, and, no~ le?~ than tan (10) day: in advance of the esp~ret~on ol eech policy, ~o ue- liver 1o said MORTGAGEE a renewal thereof, Iogether with a teceipt (or Ihe premium ot s~ch tenewal; and Ihere shall be no (Ire or vtiinJstorrn insurence pletcd on eny of said buildings, any intere~l thetein w part thereoi, u~less In the form and with the lois payabta as eio~esaid; and in Ihe evant any sum . of mo~ey becomes payeble undrr s~ch policy o~ pol~cies taid MORTGAGEE Lhall have tho opl~on 10 ~eceive artti apply tha same on acccu~t o( tha indebted- , ness secwed hereby or to permil said MOkTGAGORS to receive and use N or any part thereoi ior osncr pu~posci, .=.~tha~t ~h:~e5~ waivin~ or ~mpair- ing any equit~, lien o~ ~i9ht under o~ by virtue oi Ihis morlgagej e~d in Ihe event ~a~d MORTGAGORS shall (or any ~easo~ (ail to krep the said premi~ea so Insurod, or tail to deliver promplly any of said poGde: ol insurance to sa(d A~ORTGAGEE, ur faif promptty to pay lulty any premium Ihcrefor or in e~.y '?espe2l tail to~petform, distharqe, execute, ei(ect, complefa, comply with and abida by this covenant, o~ any part hereof, said MORTGAGEE may place and ~ pay fo~ :uch insurance .,r any part lhere~: w+thout waiving or aHecling any option, Iten, eqvity, or right under or by virtcr ot thi~ h5ortgage, and ~he tull amo~nt of each and every svch payment shall be immediately due and payable and shall bear inlerest irom tha dare thereof until paid at ~he ~ate ot nine per cenl~m per annum and together with such interesl sha~l be setv~fd by the lien o( thls mortgage. ' 4: To permit, commil or wffer rto wasle, impairment or drteriorotion of seid property or any part thereof. To pay atl and stngular tha cost~, charges and expenses, including a reaso~sble atlorney i. fre and costt of ab~tracts of title, incurred or pa~d at any time by ~aid MORTGAGEE, betause or in the event of Ihe (ail~re on Ihe part of the said MORTGAGOR fo duly, pron,p~ly and futly perform; d~sch~rge, f execute, e((ec~, complete, comply with and ab:de by eath and eve?y the stipuiatlons, agreemeMS, ct+~d~t~onf, and cove~~ants of safd Fromissory ~ore and tn~s f morlgage any or eiiher, and said cosrs, charyrs and expenses, each and every, ~hal) ba immediately due an~ payabte; whether or not there be ~o~ice dr ~ mand, attempl to toNtct or ~uit pending; artd Ihe ful! arr.ovnt of cath aod every svth payment xhali bear interesl fram the dare thereof ~ntil paid at the ; ~ate of nine per ceNum per aonum; and al) said costs, charges and ezpenses incu~red ar paid, togetho~ with such in~ere~t, shatl be secured by the lien of th;~ ~ mortgago. : . ~ 6. That (a) ln the event of any breach of this Mortgage or defaulf o~ ths part of the MORTGA.~iOR, ot (b) ln the evenl any of sa:d sums af money herein referred to be not promptly and fully paid wilhin Ihirty (30) cfays next after the sama severally become due and payable, without demand or noticq or (c) tn tha event each and eveqr the stipufations, agreements, co~d~tions and coveoants of sa~d promissory note a~d ~h~s mortgage any or e;ther are not ~ ~uly, promptly and futly performed, d~scharged, executed, efteded, completed, compl~ed with and abided by, then in either a any such evenl the said ag gregata •vm mentioned in said promissory note then remaining unpaid, with interest accrued, and a!1 moneys secvred hereby, shall become due and pay- - able forthwith, or thereafter, at the option of said MORiGAGEE, as fully and ca-npfefiely as if afl of the said sums oE money vr~ere originatly st~pufatrd ro bz paid on avth day, anything in sa:d promissory note or in this Mortgage to the centrary ~otwithstanding; and thereupon or there~(ter at thP op!~on of ~ said MORTGAGEE, witho4t ootice or demand, suit at law or in equity, therefore w theteaher begvn, may be proseculed as if all moneys sec~red hersby hnd matured p~ior to its i~stttution. _ 7. That in the event that at the beginning of or at any time pend~ng any suit upon this Mortgage, or to foreclose it, or to refarm it, or to enforce ; paymeN of any claims hereunder, said MORTGAGEE shall apply to fhe Cov~t having jurisd~ction thereof for fhe appointment of a Receiver, such Court shatl } forthwith appoint a receiver o! said mortgaged property all a~d singvlar, inclvcl,ng all and singular the inco~nr, prafifs, issves and revenues from whatever tovrce derived, each and every of which, it being expressly understood, is hereby mor?gaged as if specifically zet forth and described in the grantiog and ! habendum clauses hereof, and su:h Reteiver shall have all the broad and effective (unct;ons and powers in anywise er.trusrtd by a Court to a Rece;ver, and ; s~ch appointment shaU be made by such Court aa an admitted equity and a matter oi abzolute right to said MORTGAGEE, and without ~eferer.ce to the # adeq~acy or Inadequacy of the val~e,of tfie property mortgaged or to ~he sawency or insotvency o( said AIORTGAGOR or the defenda~ts, and thal such rents, profits, income, iswes and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice o( such Court. ~ - ~ . ~ . 8. To d~ly, promptly and fully periorm, discharge, execute, eifect, complete, 4omply with ar~d abide by each and every the st~pulasions, a9reements, } conditions and covenams in said promissory note and. this mort9age set forth. ? 9. That in the evero the owne:ship of the mortgagc~ prem;ses, or any parl thereof, becomes vested in a person .other than the MORTGAGOR, the lNURItiA(~tt, its successors anti assigns, may, witnout r.at~ce to the hWKIGAUK, ueai wirh sutn svccessor or svctessor in 6nterest wim reicrence to inis . mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the lAortgagori liability herr under or upon ~he debt hareby secured. No sale of the premises hereby mortgaged and no forbtarance on the part of the MORTGAGEE or its suctessers or assi~ns and no extension of the time ior the payment of the debt hereby secured given by Ihe MORTGAG~E or ils successors or assig~s, ahall operate . 1o release, discharge, modity change or affect the original liabillty of the MORTGAGOR herein, either in whole or in part. 3 10_ h is spec7fically agreed that time is of tfie essence of this contrad and that.no waiver of any obGgatioo hereunder or of ihe obligaYan se- . t cured hereby shall at a~y time thereafter be held to be a waiver oi the terms hereof or of the instrument secored herby. ' 11. !n add~tio~ to the foregoi~g monthty paymants of princ'pal and interest required by tiie promissory note secured hereby, mortgagor covenants _ and agrees ro pay ta mortgagee with each monihty payment an add;rional sum estiriated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ in9= ' - A-All real propcrty taxes ~evied or assessed agai~st th~ above described rea! estate. _ B-Premiums on.fire and.windstorm insurance as htrain requ~red lo be carried on the improvements siwate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby. Mortgagee shail from time to time notify mortgagor in writmg of the amount due and payab!e hereunder and such sum shall thereupon be due and - payab?e on ~he due date of the next monih!y payment and each successive month thereatter urlil mortgagee shall not~fy mortgagor of a change in s~ch amount. S~ch s~ms shatl be applied by mortgagee toward tha paymeN of real property taxes, insurance prert::ums, and mortgage ~uaranly iasurance premi~ms. , - IN Y~ITNE55 YJHEREOF, the said MORTGAGOR has heieunto set his hand and seal the day a ypar firs for d. - Signed, Sealed and de ' ered in the prcsence of: . " , . 8 a4 - ` £R F~ ~ oY aY ~ Sea4 _ ~ : c~~x ~~~cwr ~awrs~ ~ R~Er+~.O ~~ttlfl~~~"'r 6 . I' (Seaq f STATE O~ FLORIDA _ ~ ~ . ~ ~ ~ ~~5 ~ St . Luc ia . ~ ~ - ~~(~~L~ _ - i COUtJTY OF ~ ' - ~ Before me personally appeared ~.OyC~ T83710T` an4 ~ ~%ZOti~1C~8 F. TSylOI' his wife, to me well known a~d known to me to be ihe individuafs described in and who executed ths Eoregoing instrument, ar~d acknowledged before me thnt ihey executed the same for the purposes ~ - - Clotilde-F. Ta lor ~ the~ein expressed. And the said Y wife of the said ~~yd 'r8ylOl' , upon a separate and private examination by me taken separate and apart from- her said husband, aderwwledged fo and bef~re me that she executed said instrumtnt freefy ar.d volurr tarily and w~thovt any compulsion, constraint, ap hension, or fear of or from her said huit»nd. - ' WIT13E55 my hand artd offitial seal this " ~ay `j~s A. 9. 19 . ~ - - ~ • - _ Notary P~b!ic in a for t State r~ a a~spe~~~~ - - My Commiuion expires: - ;j Retutn Ta: ~ ' ~ First Federal Saving: ~ lorn Association - - Of Forf Pierce. ' - fort Fierce, florida ' ~ -~~~~r~j` _ _ - ' . ~ - ~ - . _ ;~C`~ ~,~'~,}~',,.~s~E'.~y,_ . - . _ J.~~.t'~r' . ~ _ ~ . .fiZ`".{'~'1`.'' • ~ ~ - This Instrument Prepared By~o}~r. W. Coll~,ns - r'~~.' First Federal Savings 8~ Loan Associatian : ^ ~ ~ ° ~ ~ ~ : ~ . of Fort Pierce~ Florida - pV ~ ~ ~.r;. , . - • ~J'• t~ ~:i~~, Checked By ~ _ - - _ % 'a` ~'!'z' =X.;.,. • • : , . ~ ~L~, ~ . ~•,r.r~. ~r~C _ - : ~ " - __t ~ ao~x-~40 ~~380 . . ~ - -