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3. To place and co~tinuously keep on the bu~'dir.gs now or hereai~er ~~e„ate on za~d ,and and on o!~ ~~~~•ip.nent and pe~sona'(y cove~ed by this mortg-
ege, with all preni~~ms thrreon pa.d ~n fu!t, lire inwrance ~n the uwat sto~~dard po ~c~ form, en a s~. n aHN~ovud by U~c h1vR~~,AGEE, a~~d vvindstonn
;,sunnce in the uwal s~andard pof;cy lorm, in a sum approved by the A~ORTG~GEE, in such co~npe~~y or co:n~~jn~ci as ~ne ~.SORTG+>GfE may
d~rect; and all fire and w~ndstorm insurart~e poliuef a~ any o( s3~d bu~~d~ngs, any interest theiein or part Iheteol, in Iht a39~:ga~e sum alores~id or
in exeess Ihereof, shall :ontain ihe usvai s~a~~~dard mor+g~gre cla~se or ~u:h other c~a~se as the Morty~~~e may ~equ~re, making tf~r ~oss undrr s~~d poli-
c~ea, each a~d evary, payab!e ta s.+id A10RTGAGEE as ~n ~roerest may appea~, and each and eveiy svch p., :cy shait be promp~ly ass g~;ed a~~d d~~~vered to
eny held by said M~RiGAGfE as f~ithar s~c~rity to sa~d mortga~e d_bt, and, not less than ien (10) deys in ad.ance of ~h~ expuat~o+i uf cach poGCy, to de-
Gver to aa~d MORTGAGEE a renev.al ~nereot, toge~har with a receipt for the pre~nium of svch re~:e~.~ ; a•~d ~here nha11 ba ~~o f~~e or .~:~:dsio m inwrance
plaeed on any ol sa~d build~ngs, any ~~uerezt there~n w pa~~ ~hereof, un!eu in the fcm, a~d w~~h the ~oss payob'e as a4oresaid; and ~n the evrnt any sum
of mor+ey becomes paya5le undrr such policy or poLcies said MORTGAGEE shall have th.~ oNr,on ~o ~ecc~.e ~•~d ap~::y rhe se~~~e on acco., ~r of the ind~bt~•d-
ness setu~ed hercby or ro permit fa~d MORTGAGORS to retrive and ~se it a any n.~rt thr:.•of ior cc~.•.r ~,w; .;s~s. :..~'~~..t th:~~_:.• .:-,~~':7 ~'t'P~"'
;ng any eq~,ty, Gen w r~ght undrr or by vi~tue of this morgagr, and in the event sa:d MOFTt;,AGORS sha'I :ar a~,y reason fa~I to kcep ~he satd p~emisrs so
ins~'cd, w fail b drliver promptly any of said poLti~s o1 inw~ance to sa~d MORTGAGEE, or i~i! E>co'~'p~~Y 10 ~ ay lu::y any pre n:~~n th~re~or or in any
respect fail Io perfwm, d+scharge, execure, eifect, complN.a, co:np~y with and ab~de by ~h~s core•»nf. o~ any E;er! h~reef, s.~~d MGRTGAGEE n,ay p~ace a~~d
Fay for suth in~urance or any part thereof w~thout waiving or afFecting any opt:~n, i~en, eq~;~y, or n.^,ht ~nder o~ by virrue oF th~s h~orfgage, and ~ht
h amo~nt of each and e.ery such paymem sha~l be ~~~~ned~atzly dve a~~d payable a~~d sha~! bear inter~sr froin tha date ther~of unul p.;~d at the ~a~e ol
~~.,:e ptr t~~turn per annum end to~ethcr with su:h interrst shaii be s~~cured by the Gen oi this mortgege.
r
io permit, comrn~t w su(fer ~o waste, impairment or deter~orat•on of sa~d pro~eity or eny pert the~e~f. ~
S. To pay all a~~d s~ng~tar ~he costs, cha~ges and expensrs, inci~ding a reasonablr ateorney's fer ~~~d c~s~s cf ~6stracn of t~t!e, incwred o~ pa~d a}
any tiree by sa~d MORTGAv`.E, because or in the event ot tire fa~lure on tne cart of the sa~d A1J2fG:GJR ro du:y, F.ru~~Ntly and tu'.~y Haalorm, d~scharge
execute, ef(ett, complate, co~np!y wuh a~d ab:de by each and every ehe zt~p~.aT~or.s, agr~r~~~~~~nrs, cor•,d~rons, ar~d covr..anfs of s,~d p~o~~~~>sory note a~:d this
morrgage any or erthe~, and s~.d cosrs, cha~grs and expenses, each and every, sha!f be ~m~r,~d~.n~~ty dua and ~:s~.,l',e; wh,•:~~er or no~ fhe~e tx na.ce d~
mand, attempl ro coliect or s~it pend~ng; and the full amo~nt ot each and every svch pa~mcnt shati F,ea. in~•,~esr fron, the date the:eot until paid at the
~~ie of n~ne Frer cencum Hcr an~~;; ~r and eli said cosls, tl~arges a~~J ~.;~~~cscs 4uu~red or pa~d, ~oyr~har wnh such interesr, stwil 1~ secured by tF~ ~~rn of th:~
mort9sge.
6. That (a) in the event of any breach of this Mortgage or def3u.t on the p~~t of thc A'.ORiGAG~R, or ;b1 In the ev~~nt any of sa'd s~~ns of money
herein reierrrd to be not F~o~r,ptiy a~:d fully pa+d v.~~hin th~rty ~,30; d~rs ne~t a`~•rr the s:,~ne s~~:cre :y becc~~e d.e and pey~b'e, wiihovt demand o~ notite.
er (c} in the event each and every the st~pulat~ons, agreements. cer,d~rio~~s and covenants of sa d p~on,~ss.,: y~~cta a:~d th.s me~tgage a~y or e~ther are not
1~!y, prompdy and fully perfor:ned, d schargrd. eaet~t~~, elfected. completrd. comN~:ed v.~th and ae~.s~-d :y, then ~n e~thrr or any wch event the sa+d ag
g~egate sum ment~oned in ~a~d pro~,~~ssory note then rcmaining ~npa~d, w+~h ~ntere;t acu~ed, or~d ~~:O~~iyi secwcd herrby, sha~i b~wme due and pay-
no.r farthw~!h, er thcreafte~, at the o~-rion of se~d MORTGAGEE, as fwly a~~d cc•npie!e:y as if .,:i of ~E:~ s:~~d s~~*~s e4 money were or~g~na~ly st,p~:ated
to be pa.d on such ii,:y, anything irt sa d pro:n~ssery note or ~n thn Mortgage to the con!ra.y r±ot:,.rfist~ ~d. ~g; a~~d th_•rr~pon or thereafte~ at the opt~on of
sn:d MORTGAGEE, vn1l~ovt ~ohce or demand, suit at law or in equdy, ihere(ore Or thercaiter bcyun, may be prusetuted as ~f all moneya setured hereby
nad mat~red pnor to :~s ~nstitutwn. ~
7. That in the event that at the beginn~og ot or at any time pendir,g any sv~t upcn th,s V~-vrtga3e, or to fereclose it, o~ to reiorm it, or to enforce i
payment of any cie~~ns hr~e:,r,d~r, sa~d h50R7GAGEE sha~t apply fo the Court hav~na ~urnd it:on ther_of {or the a, po~ntment of a Re:c~~er, s~ch Cour? shail
f~cthwith appo~m a receiver of sa~d mort3aged prooerry a!I and ning~!ar, ir~u~d.~~g a;~ ano s~ng~iar ~he L^.come, protns, nsves and revenues from whatever
s:.;•ce derived, each ard eYery of wh:ch, it 'txing expressly unde~stood. ~s hereuy merigagrd as if s~:ec,l,ca:;y ser for~h and descnbed in rhe g~ant~ng and
Fetendum davus hereof, and s~ch Receiver shall havc all the b~ead and effecnve furcr ons and powers in anyw:se entrus!ed by a Cou~t to a Rec~iver, and
s_ch appointment shati be made by svch Gourt as an ad.n~rted e~uity and a matter of absoture nght to ea~d ti10RTGAGEE, a~d w~thovt ~e(erence to the ~
a:i;quaty or inadeq~acy of the value of the property mo~tgaged or to rhe sc,vrncy or ~nscEvency of sa~d MORTGAGOR or the defendants, and that svch
e~n, profits, mcome, issues and revenues shali be appGed by wch Rece~ver accord;ng to the lien or equity o} said MORTGAGEE and the praUice of suth
Court.
8. To du1y, prompt(y and ful!y perform, d~scharge, ezecute, effect, Compkte, cCmpiy w~!h and ab~d: by each and every the soipuiations, agreemeros,
conditions and covenants ~n se~d promissory note a+~d th~s mortgage srt forth.
4. That in the event the ownenhip of the rt~or!qaged prem~ses, or any part ther.:of, 6ecomes vested in a pcrson other than the MOR7GAGOR, ihe
h1CRTGACaEE, its sucrssors and assigns, may, wi~hout notice to *he ASpRTva:~R, dral wrth such successor or s~tcessor in interest w~~h reference to this
n-o•t9age e~d the d_•bt he•eby secured in the same n:anner aE w~th tdortgagor w~thout in a~y way vitiating or d:s:haro~ng the Mo*~gagors' liabi'ity here-
~~~der w upon the d~~~r h~reby sewred. fVo sa;e of ihe premis?s hereb~ mo~tgaged acd n~ f~::~ea~ance on the part of tne I.10RiGAGEE or its wccessors
or assigns ar.d no exters:on of the t~me for the payment of the debt hereby secured g~ven by the MORTGAGE'_ or ,n successws or ass:gns, aiiall operate
~o re+eau, d:scharye, mod~fy change or affeci the orig~nal Gau:!!t~ ot the h~ORTGAGOR herain, either in whote or in part.
10. It is speuf~,aliy agreed thar tin.e is of the esse~ce of this contract and that no waiver of any ob':gat~on hereunder or of the oblgation se-
c~.red hereby shal, at any time tntreafter be heid to be a waiver of the terms hereof or of the instrument secured he~by_
I 11. In a~3 t:c~ to the forego no mont~:'y paym^nts of pri~c ~ai and intartst requ~red by the prom sscry no'e sccurrd he~cb~, mo~tga~o- tovenanis
+^d agr_~es to ;;.+y to ~.oregagee v~nh each momhiy payr :ent an adu~rional sum es±~:- arrd by mortg~gee to be eywi to i 12 oi t; e annual cost of ihe foliow-
~ ~na
I -
; A-,>'! reai preperiy tax~~s irr_~ or assesseci ag3i•ist inc above d^scrlbcd r~a~ es+are.
6- P~~~-: u~~s on I~re and w~ndste•rn ~nsurar,e as herein rcq~:re~ to be carricd o~ the •r.,;:rovem?~ts s:tuare on the above d_suibed premisES.
~ C-Pre:r.~ums o•i s~ch mort3;,oe guarar,ty irsura~ .e as mo~tgagee sha~l fro:•, ; me to :~me deem fit to carry on the loan secured hereby.
Mortgagee sh~'! 'ro-n t~me to t~a~e r.oGi~• mort~agw ~n wnt~ng of the arro:.~t d~c ar.d payable hereundar and such su~n shail thereupon be due and
.:>.ab!e on 1F1~! CiV2 oate oi fhe next mont6:y paym~nT and ecch svccess~ve r-,onth thereair~r ur.til mc~tgagee sha!1 not:fy mo~tgagor of a charye in such
~ ;-wnt. Svch su:r.s st.= ~ ~e ap~:ied by mortgag•~e toward the payment ot rea~ property taxes, insurar.ce prem.ums, and mortgage g~aranty insura~ce
t
-?m~ums.
~ 1N \YITHE~S YlHEP~OF !n~ sa~d MORTGAGOR has hereunto set his hand and scal the day and year first a4cxesaid.
5 e 'ivesed in the presence of: FlIED AND RECOR~EO
~ _ St. ROCER POITRAS
~ CLERK CIRCWt COUItT . ~ :
~ - RECORD VERIFlEd r~t)
~
~ -
~ - ~ l0 1S I ~Sean
~ S ~:~TE OF FLORIDA
~ ~ u. ~OV4~~
~ c~uNn o~ St . Luc ie_
~ Before me personally aoaa~ed __TommY Martin and
~ DOZ15 Ie~n Martin _ wife, to me well known and know~ to me to be
~ rhe ind~viduais descrlbed in and who executed ~he foregoing instrumem, and acknowiedged before me that ~hey executed the same for the purposes
~ shereln expressed. And the sa~d ~oris Jean Mdtt1I1
;
~ r.~;?e of the said ----SIIIDm~t.- Md]'t i n upon a separate and p?iv~tt
e.am~nat~on by rne taken separate and aprrt from her sa~d hvsba~d, ackno.vtedged to and before me that she execu:ed sa~d instru:nent freely and volurr
~ ranty and w~thout any co.np~~s~on, co:;stra~m, apprehens~on,,.,r fear of w from her sa~d husbar.d.
- / p ~k
- WfTNESS my hand and offic:al seal this_ day of-___ _ ~a rCh_ A. D. 19 71
Notary P~blic i d for thr„~State of florida at lar9e
~ My Comm.ssio expires: ~u~ - /9 7~
' Retum To:
- First Federsl $a++n s 3 Loan Associatan ^ ' - ' ` l
9 .~1UN~1.1~; t.~_.. ~ . , " 2t Z'~
' O~ iU•T F ~ _ ~ {1~1
, _ '~L.~ . -y
_ Fort P~rrtr. F~~r.~~a I~ • ~~e i.`:~~'. _ ~ . ....~3~•..xt,
~f . .C: .~I~~ .
_ _ ' i~" '
it • .
This Instrument Prepared By W~ ~ F~ B~gqn~ . S
First Federal Savings 8 loan Association
_ of Fort Pierce Florida - 'c~ ` 'i
si 7 ' . ,'~'''~;~L,~~ ~ S"? 1`'~ 1
= Checked By - - .,''~~ii~~~~.~t~r••
~ ~ .+*~,f
U R ~(1~ 1 js
_ BOOK ~7