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To place and con~~nuously keep on the bui:d~ngs ~ow a hereafter ~ituate on sa~d land and on a!i equ~p~nent and personally covered by this ma ~ge, with all picn~iums ~he~con pa~d in iull, fire inwrance in ti~e usual standard poliq (orm, in a sum aNp~oved by the MOR~GAGEE, a~~d windsto insurance i~ the us~al s:andard pot,cy farm, in a sum appro•red by the MORTGAGEE, in such canpany or tompanies as the MORTGAGEE m direct; and all fire and w~ndsrorm i~isurance policies on any of said buildmgs, any interesl Ihe~ein or parl ~hereot, in the a99regate sum afo~esaid in excess ~hereof, shall :on~ain the usu~l sra+:dard mor~gagee ciause or such other ctause as the Mortgagee may requ~rQ, ma?ir~g the loss unJer sa~d po c~es, each and every, payab!e to said AIORfGAGEE as its interest may appear, and each and every such poticy shaU be p~omptly ass gned and detiverrd ~ ~ny held by sa~d ti10RfGAGEE as further security to sa~d mortgege debl, and, not leu than ten (10) days in advante of the expire~~on ol each poi~ty, to d~ Gver to said h10RiGAGEE a renewal thereof, loge~her with a receipt for Ihe premium of such ronewat; a~~d thrre shall be no f~re or vwinasta+n i~wranc placed on any of sa~d build~ogs, any inte~est therein w part thereof, un!ess in the torm and with Ihe ioss payable as aforesaid; and in the eveM any su~ of money becomes payab~e under such policy o~ pol:cies said MORIGAGEE ~h311 have the opt~on to rec•_~ve and apply the same on account of ~he indabsed ness sec~red hereby or to permit Said MORTGAGORS to receive and use ii a any pa~} therrOf !o~ o:ii~•~ purc~osrs, ~v~thout th~nu~ ,vcivi ~r ~~np„1~ ~~g any eGu~ty, lien or r~ght undcr or by virwe o4 Ihis mc:tgage; and in the eveN sa~d MORTGAGORS sh~ll for any reason (ail to keep the said premises s0 insurid, or tail to deiiver pro~nptly any of said poGties of insuranee to said MORTGAGEE, ot fa~! promptly to pay f~Ity any prr~nlum the~efu~ or in a~~Y respect lail fo perfoim, distha~9e, earcute, effetl, complete, comply with and ab~de by th~s covr~an~, or any parl hareof, said MGRTvAGEE may place a•~ti pay fo~ such insurance or any part thereof w~!hout waiving o~ aiiec~ing any opfion, {ien, equ~ty, or nght urde~ or by virtue oF this Mortgage, and thE full amount of each and every such paymrnt shalt be imrnediately due and payable and shall bear imerest f~om ti~ date thereof wvil paid al the rate of nine per ccntum per ann~~n ond to~rth~•r wish suth interest shall !x satured by the liln Of 1hiS mortgage. 4. To permit, commit w sufter no waste, impairnx~t w deterioration of uid property o? any part thereof. 5. To pay all a~d singula~ the costs, chargea ar.d expen~es, i~cluding a reasonrble attor~ey's fee and costs of abstracts of ti11e, incuned or paid at any time by said MORiGAG~E, because ar in the event of the (ailure on the pa~t of the said MORTGAGOR to duly, promptiy and fully periorm, d~scharge, ~xecute, effect, canptete, compiy w~th and ab:dr by each and eve?y the stipulatio~s, agreements, conditions, and covenanrs of said prwnissory note and this mortgage any or e~ther, and sa:d costs, charges and expenses, each and every, shail be immediately due and payabfe; whc•~her or not there be ~ot~ce da mand, attempt to collect or suit pend~ng; and the full amoum of each and eve~y svch paymem shall bear iNeres~ from the date thereof umil paid a1 the r.~te o' n~ne ~r ~rntum ~r an~w:n; d11G~ JII said costs, charges and ezpenses incurred or pa1d, logether ~v~th.such interest, shall be setured by fhe lien of Ihis mortgage. 6. That (a) in 1he event of any 6reach of this Mortgage or default on the parf of the MORTGAGOR. w(b) in the evenl any of sa:d sums of mo~ey he~ein reterrcd to be not promptly and iutly paid wi~hin thhty (3G) days next aire~ the sarrse severa".ly become due and payable, wiihout demand or notite, or (c) in thr event each and every the stiputations, agreements, cond~tia~s and covenanrs ot sa:d ~promissory note a~ th~s mortgage any w ei~her are not ~uly, prompely and fu11y performed, d.scharged, e~ecuted, ef}ected, completed, complied wiih and abided 5y, then in either w any such eve~t the sa~d ag~ ~regate wm mennoned in said promissory note then remaining unpaid, with intere,t accrued, and all moneys secu~ed hereby, shal! beco+ne due and pay abte forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and comptetely as if all of tkee Said sums of rtwney were or~ginally shpulated to be pa~d on such dsy, any~thing in sa:d promissory note or in this Mwtgage to Ihe co~trary notwithstanding; a~d thereupon or thereaher at tbe op~ion of s3;d MORiGAGEf, vvrthout no~~ce or demand, su'+t at law oa in equity, tb¢refore w thereafrer begun, may be prosecWed as if all maieys secured hereby n;;d matured pnor to ~ts institu!ion. 7. Tha~ in the event that at ~he beginn?ng of or at any time pending apy suit uoon this Mortgage, or to fwectou it, or to reform it, or to enfo?ce payment of any cfaims he.eunder, said RtORTGAGEE shalt apply to the Court having jurisdict~on fhereof for the apNo~ntment of a Receiver, such Court shall fcrthwith appciM a receiver of said morrgag~~d property all and singular, inctud~ng ail and•smguiar the J~cV?~~s, proFits, issues and revenues from whatever source derived, each and every of wh,ch, it be~ng expressly undersrood, ~s I+ereby mortgaged as if spec~~ica~fy. set fath and descr~bed in the g+anr"eng and h~bendum da~ses hereof, and s~ch Receiver shall have a11 the broad and eifedive•funct:ons and poweri in anywise entrusted by a Cou.t to a Receiver, a~~d s:,ch appointme~~t shalt be made by such Court as an admitted eqvity and a met~e~'of absolute right ro sa~d MORTGAGEE, a~d without reference to the adequacy or inadeq~acy of the valoe of the prope~ty mortgaged or to the soiventy or ;nsoivertty of said MORTGAGOR or the defendants, and ~hat svch renrs, profits, inco~ne, issues and revenues shall be appiied by such Receiver according to the ~ien w equity ot said MORiGAGEE and the prattice of such l'ourt. B. io d~fy, prompt(y and fully pe~form, d+scharge, execute, effect, co:np~ete, comply with and abide by each and eve?y the stipulations, agreements, :onditions and covenants in sa~d promissory note and th~s mortqage set forth_ 9_ That in the event the ownership of the mortgaged prem;ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, irs successars and assigns, may, without no~ice to the MORTGAOR, deal with such successor w successw in interesl with reference to this n,ortgage and thc debt hzreby secvred in the same manner as with Mortgagor withoW in any way vitiating or d~stharging the ~1lortgagors' liability here- e,nder or upon the debt hereby secured. No saie of the premises hereby mortgaged and no forbeara~ce on the pan of the /~10RiGAGEE or its successors o~ assig~s and no exrension of rhe time for ihe payment of the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, a~~all operate ro re!ease, d~scharge, mod~fy change or affect the orig;nal Iiab~t~ty of the N10RTGAGOR herein, either in whole or in part. 10. It is spec~ficatly agr~ed that time is of the essence of this contract and that no waiver of any ob~~gation hereunder or of the obiigation s~ cured hereby sF.ali at any time thrreafter be ho:d to be a wairer of the terms hereof or of the insnumen? secured herby. 11. 1n ;;id t[u~ to tl~e ~o+~go ~~g rnonih!y paym^nts of princ pal and interest requ~red by the prom;sscry no!e secured hereb/, mortgago: tovenants +-:d agrces to pay to n:o-tg:~g~e ~tiirh each mcnthiy payr.~em an ad3~rional sum esrm~ated by mortyagee to be equal to 1; 12 of t:1e annual cost of the fol{ow- A-A;I rea( prppe+ty tax:s 1ev~=d or assessed agai~st thc a6ove descrihcd real estate. B- Gr~n::u•:~s e~ fire and xir.~istorm ~nsuracce as nerein requ;red to be tarried on the improvements sit~ate on the above d°scribed premises. C-Premiums on such r~ortgag~ guaranty ir.sura.:ce as mortgagee shail from rme to tirne deem fit to carry on the loan secured hereby. Mortgagce sh;, l frcm t~me to t~mc notify mortgagcr in writ~ng of the amount due and payabte hereundrr and such surn shai? thcreupon be due a~d :.+;ab~e on the d~e date oi th~ next month:~ payrnenr and each successive momh thereafi~r u:ail mortgagee shall notify morrgagor of a change in such ~-:ount. Such wms sF.a.t be apF:iird by mcrtgag?e toward the Fayment of real property tazes, insurante prem:ums, and mortgage guaranty insurante crem~umi. ^ A! L'JITPJESS :iHER~OF, the said A~10RTGAGOR has hereunto set his hand and seal the day and year first aforesaid. igned, Se l n elivered ' the ~Sresence f: fj1 ~f~~ • t ' • /G[ /L.~tiC.liH Seaq , - ~ - a~~ (Seaq I (Seal) SiATE OF fLORIDA ~ 55. rnUAfTY OF St . LL1C le ~ 'r Before me personalty appeared Mervyn ,j. NicMa rtin ~ and Mary ,7ane McMartin his wefe, to me wefl known aod known to me to be ~ th= in~ivid~ais describrd in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes I ~h~.ein expressed. And the said Mary ,Jane rlcMartin ~~~~~~~~~~~i,,~ ! s.ffe of tFe sa~d Mervyn . MeDia rtin ,~Q,,a'ae~srote and private j exam~nat~o~ by me taken separate and apart from her said husband, acknowledged to and before me that she exet~~l,+~id instrumen( freety and volun- ra: ~iy and w~tho~t any con:pulsion, constraint, apprehens~on, w fear of or from her said f~usband. ~ - 2nd Y " ctober ' ~ - ~ ! :a. ~ 19 72 ~VITNESS my hand and offiuaf sea{ this da of , ~ . / ~ _ J ~ . C. Notary Public in and fQr th~.State f;FlOrida ef ~rge My Commission expires:' Y~ ...•ro ' ~ Retom To: ~ . . first Federal Savings 6 Loan Associat~on NOTARY PilBL~~•$~A}~ or F,,,r P.~-ce. WY COMMISSION' D'CPI S~ SfPT A25,` i975 , Fo~~ Pir~rce, Flcr~d, 8°~ded By American Bankers Insurance ~:o. FILEO AfiD RECOROEO tT. IUCIE COUNTY FLA. ~ iIOCER POITRR4 ' This Instrument Pre ared B CIERK Ctn^CUIT COURt . , P Y John W. Cola~149 ~ERIFIED ' First Federal Savings 8. Loan Association . ~ of Fort Pierce Flarida ~T ~ ~1 OT ~~IZ • Checked By 1 ' BOGK~OV PAGE~UOU 3 .-r~"~. ` _ ; - - - - - - ~ ~ ~ ; c-K. ~ ~ ~ ~r; W ~ r~ ~..a~~.~ ~~~'~.~=<55"''`~~'~`.:~-~-~~.._ ,_„,-y, - _