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To p~acr and cOr.lir~uou3ty ke~p ~n it~~ Lvitd's:-:y; ~a-:~ or Ferr3fter 3itvstc on :aid lar~d and on all equipmenl and persontlly covared ~y thit mortg• ege, wish all premiumt thereon paid in full, (~re insurance in tha usual standard poticy form, ~in e su~~ approved by the A10RTGAGEE, end wind~torm insu~ance fn the ~sual standard pol~cy (orm, in a sum approved by ihe MORTGAGEE, in such company or companies a~ the A~ORTGAGEE mey direc4 and all fire and windstorm ins~rance policies on any of said buildmgs, eny in~eres~ therein or pAr~ thereui, in the aggregate sum aforesaid or in excess thereof, shall ~:antain ihe usuai sfandard mortgagee clause or suth other clause e~ the Mortgagee may reqvirs, meking the loss vnde~ said pofi~ ties, each and every, peyable to said AIGRTGAGEE as its interest may appear, and each and every such policy shall be promptly ass:gned and delivered to any hetd by seid lV~ORTGAGEE as further secu~ity to eaid mortgage deb?, and, not les~ than ten (10) days in advance of the expiration of each policy, to de• livet to taid MORTGAGEE a renewal theroof, together with a receipt for the premium of s~ch renewal; and the~e shall be no fire or winds~orm insurance pleted o~ sny of iaid b~ildings, eny interest therein or part thereof, unlesi in the for~n'and wi~h the loss payable as aforesaid; an~1 in the event any sum of money betomes payable under such policy o~ policias said MORTGAGEE shall have the oplion to receive and apply the same on eCCOUnI o~ tha l~debted- neti iecvreti iie~~uy vi i~ ~s~ ~t sa~d t~^~~~~~~.°.S se==e"° !,s~ ~t c~r ~ny parl thereof ior other purposes, without Ih~reb~ waiving or impair• irg a~y rquily, lien or ri9ht under or by virtue of this mortgage; and in the event said h50RTG.iGORS shall for ar.y reason fail to keep the said premisef so insvred, or fail to daliver p~o~nptly any oF said poli<ies of insurnnce to said MORTGAGEE, or fail pron,ptly to pay fully any premium therefor o? in any raspect fail to perfo~m, discharge, execule, effec~, complete, comply with and abide by this covenant, or any part hareof, said MORTGAGEE may place and pay for tuch insvrance ot any part therenf without waMing or affecling any option, lien, equity, or right ~nder or by virtue of this hlatgage, and Iht full amount of each and every such payment shall ba immediately due and payable and shall bear interest from the date thereof until paid a1 the rate ot nine per centum per annum and together with such i~terest shall be secured by the lien of this morfgage. ~1. To permit, commit or Yuffer no wasle, impairment or deterioratien of said property or any part thereof. 5. To pay all and singular the ~costs, tharges and txpenses, includin~ a reasonab!e attorney's fee and costs of abstrocts of title, incurred or paid at any tima by said MORTGAGEE, becaus~ w in the evenf of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effecl, complete, comply w~th and abide by each and every the stipulations, agreements, conditions, and covenants of ~aid promis:ory note and thi~ mortgage any or either, and said costs, charges and experxes, eaci~ and every, shall be immediate!y due and payab!e; whelhet or no1 there be notice do- mand, attempt to toliect or ~vit pending; and the full amount of each end every such payment shall bear interest from the data thereof until paid at the rate of nine per centum per annvm; and all said costs, charges and expenses incurred or paid, togather with wrh interest, thall be ~ecured by tha lien of thi~ mortgage. A. That (a) in the event of a~y breach of this Mortgage or dafault on tht part of !he MORTGAGOR, or (b) in the evenf any of said s~ms of money hsrein referred to be ~ot promptly and fully paid within thirly (30) days next aiter the same severally become due and payable, without ~=mand or notice, or (c) irs tha event each and every 1he sfipulalions, agreements, conditions and tovenants of sa~d promissory note and th~s mortgage any oi either are no1 ~uly, promptly and fully per(ormed, d~scharged, executed, effected, completed, tomplied with and abided ~iy, than in either or any suth event the said a~- ,..;a. ,.,:~ti ;,,~o..~t accr.,ed, and all monevs secured herebv, shall become due and pay ~ICyC10 ~~Ifii fiiEIillViiL"J ~ 3~iL[ ~J:iJ:~::~.~.~ ~ - ~ 3 ~ ahle fortl~with, or thereaiter, at the cption of said htQRTGAGEE, as fully and completely as if all of the said sums of money were originaliy atipulated lo be paid o~ such day, anything in said promissory note o? in this Mortgage to the contrary notwithstanding; snd ihereupon or thereafter at the option of :aid :!ORiGAGEE, without notice or demnnd, svit at law or in equity, therefore or thereafter begun, may be prosecuted as ii ali moneyt secured hereby had matured prior to its inxtit~tion. 7. That in tha event that at the beginning of ar at any time pending aqy suit upon thts 1~lortgage, or to foreclose it, or to reform it, or to enforce paymenf of any claims hereunder, s~id h10RTGAGEE shall apply to the ~ourt having jurisdiction thereol (or the appo~ntment of a Receiver, s~ch Covrt shall fortFiwith appoint a receiver of said martgaged property all and singular, includ~ng all and singular the incorr.:, profits, iss~es and revenues from whatever tource dzrived, each and zvery of which, it being expressly understooo, is hereby mortgaged as if specifically set for?h and de~cribed in the granting and habendum ttauses hereof, and such Recaiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Covrt to a Receiver, and tuch appointment shall be mada by such Court as an admitted equity and a matter ofr a6sotute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the prbperty mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and Ihat such rents, profits, income, issues and revenues shall be applied by such Receiver according to the tien or equity of said MORTGAGEE and the proclice of such ~ Court. . ~ . 8. Ta ~~ly, promptly and iu~ly per(orm, dischargx, execute, affett, completa, tomply with and abide by each and eve~y the stipulations, agreements, cenditions and covennnts in iaid promissory note and this mortgage set farth. 9. That in the event the ownership of the mortgaged premises, or any parl thereof, becomes vested in a person other than the MORTGAGOR, the ~ MORTGAGEE, its successors and assigns, may, without notice to the t~10RTGAOR, deal with such s~ccessor or successor in interest with reference to this ' mortgage and the debl hereby secured in the same manner a~ with hSortgagor withoul in any way vitiati~g or discharging the 1llortgagors' liabilily here- ~ under or upon the debt hereby secured. No sale of Ihe premises hereby mortgaged and no lorbearance on Ihe pnrt oF Ihe /110RTGAGEE or its svccessors I or assigns and no extens~on of the time for the payment of the aebt hereby secured given by the MORTGAGEE or its s~ccessors or assigns, shall operate ' lo telease, discharge, modify change or affect ihe original liability of the MORTGAGOR herein, either in whole or in parl. € 10. It is specifically agreed that time is of the essence of this contract and that no waiver of anyetstfgation here~nder or of ths obligation ie- 9 cured hereby shall at any time thrreaftzr be held to be e waiver of thr terms hereoi or of the instroment secwed herby. ~ ""~+:r;~_ , 11. In add~tion to the foregoing monthly payments of princ'p~l and interest required by the promissory note secured hereby, mo~~gaflo~~de~s+i6~3s:~.'~~. ~ and agrees to pay to mortgagee with each momhly payment an addirional sum estimated by mortgagee to be equal to i~)2 of the annua`~2oit,o`~~'~[16wa~` , ~ ing: . ` ~~~1'$~~~ f : : A-All ?eal property taxes levied or assessed against the above described real estate. ' 8-Premiums on fire and windstorm insuranct as herein reqv~red to be tarried on the improvements situate on the abovtt detcRb~ pt'efi~s~a..~..~ r e: J ~ . ~ C-Premiums on such mortgage guaraMy insurar~ce as mortgagee shall from time to time deem fit to tarry on the loan sxu~~~er4~. ~i ,T (ti,+' , ~ htortgagee shall from tima to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall i~+~t~up„Q~j' due~n~a. _ payable on the due date of the next montfily payment and each successive morth thereafter unti? martgagee shall notify morlgtgor9f af t`1{.ar~s~~~.s ~ { amount. Sucli s~ms shall be applied by mortgagee toward the payment of real property taxes, insurance prem~ums, and morlgage '~~d~rliSa•~iyj~~ ,,'Z ; premiums. ~;•iS r, 1 `z ~ IN WITNESS \YHEREOF, the said MORTGAGOR has hereuntp set his hand and seal the day and year first aforesaid. ~~~r~~~Q ~ ' ned, ale and Pvered ' he re nce of: R, H. VA~+~`j' N'~ I0~ C d;' ~~~"~NL' . ~ B (fi"~ . ~ ~ ~ , ~ R . - . V8~11 t Pre siden~eal) - Atte (s~a~) ; war a on, ecre ary ~~a~~ STATE OF FLORIDA ~ COUNTY OF ST. LUCIE i HEREBY CERTIFY, That on this~-day of December , A.D. 19~~, before me personally appea~ed R H Va~11Qnt and How rd Daltan ' s respectively President and Secretary , of F R. H, VAILLANT CONSTRUCTION C0. , ZNC e~ Fl ori,~jA Corporation, to me ' known to be the persons described in and who executed the foregoir.g instrument, and severally acknowleclged the exe- cution thereof to be their free act and deed as such offiters for the uses and purRoses therein mentioned; and that they ' affixed thereto the official seal of said corporatian, and the said instrument is the act and deed of said 4orporation. _ . ~ • . ' ~ • ' ~ y; , WITNES~ .n~~ f~i~ Fort Pierce , said county and state: '~i,• , ~ ~~~~lTT1Cl8f ~t'0 SOOK . . , ~ i .o n _ i p~~LL~ Y;i~;;~; ;;~?~JJ~.%~larX Public, in and for State anci Coi~ify ;a~~said'~ y ' . z ~ * ' ~ ~1 rt~~ ~ ~ommi sio Expires , = ' ' ~ I 0 ~ ~ ~65 ~EC 3 ~ P~ 3•~$ .jttt~€?',l~''~'~r;~`U hoEary Public. StalA s~.~~l~i`da xt ~r,ge : . + ? :~i'~ t i.!',() q} r(~ _ . u~_ _ ,~j ~v~ 1~.~;1 Comrrissi:~n ~:r~~`fst~~.S ,:jJ~~q••''~~ ~ ~~1. ~ V ~ ~ - ~.,{T~" ~ ' ~ t. ~i • !~e ~ ` ~ tn ~Y A.T,lfiC.ja' ~Y3 ~~Z~V~~• ~1 ~ t ' ~ ..~wi~~~LG~`yt~~Y• ~ . ~.i!l3I) CO ~ f:iJLiE'_~, r-~;~ , ~..-.c,. ~ _ f . ~ T. LU C I~ C O U i-! T Y. ~ FLOf21DA :'.~;.?~~~a~,~: . . o tQ~°~t~2a S,C~~~'~~ ' - ~ ~ • _ 8oox~35 ~ ~ p~-