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To plac~ ard contin~oualy keap on tM bui!d~ngs now or h~re~ftN utu+t~ on uid land and a? all equ~pmen~ snd penonaliy covered by thi~ ma~~ • ~y~, with all pr~miums tl+e~eon pa~d in full, lire insurance in IM usua! standard polity fwm, in s~um ~pprovad by ^he'M~RZ htG MORTGAG E~, +y . inwranc~ in 1M uwal ~~u+da~d pot~cy fam, in a wm approvad by tM MORTGAGEE. io such con+pany or '~«'^W ± dir~c~j and aU t"a~ a+xl w1~+ditorm ie+wronte policies on a~y oi f~ill bYildin9i, illy IA~ffyl ~MN~QN1 Of ~ti ~F1Q~fOf, in the agyre9s~e sum ~faeiaid or ~ r in ~xcess Ihereof, sMll coroain tM uswl ~~a~dud mor~g+~s~ clauss a such othsr davs~ ai tM MortyagN msy reqwr~, makinp ~he lou under sa~d poti~ ~ ; ci~s, esch ~nd ~vcry. p+Yabk to s~id MORiGAGEE as it~ intereN may appew, ar+d each and tvery such policy shall bt promp~ly sss.yned a~~d deliverrd to , ! any held by said MORTGAGEE ~s iwther ucvrity to sa~d mortgage debt. and. nW Icu ~Mn ten (10) days in ~dvance of ths expir~tion of each polrcy. to dr _ livK to said MORTGAGEE a r~newal tAercof. to~t~ha with a receipl fa the prem~vin of ~uch ~enewal; a~d ~here ihsll be ~o f~re o? winda~orm insuranc~ pl~ced on ~~y of iaid building~, any interest tF+Kein or part the~eof, unless in th~ form and with ths loss paya6le ~s +(oresaid; ~+d i~ ths eY~~~ +~y sum ~ of nwr?ey becomes paYable under such policy a polk~si s~ld MORTGAGEE shail havs ~Ae option ro~aceive ar~d apply the same a+ accouM ol the i~debted- neu secured h~eeby or w permit said MORiGAGORS ~o reteiw ~ uf~ it Or any parl lhereof fot O~hc~ purpOSes, witho~t Ih~reb/ warvi~~g or uupa~r- i~g any equity, lien w righl unde? or by virtve of this mor:y+y~; +nd in tM event iaid MORTGAGORS sha~~ fw a~y reason fail to keep ~he siid p~emisrs w , insured, o~ fail ro deliver p~omptly any of said policies of inswa~ts to s~id MORTGAGEE, w fail promptly to pay fully any premium Iherefot w in ~ny respect fait b p~riwn4 dlscMrge, eaecute, effect, complete, comply with and +bid~ by this cove~ant, a sny part hereof, aaid MORTGAGEE may pfsce a~d ~ j amou~ ~eae and every sucrh ~paymeM shall be siv~diaelyfd ~and WYabb and shallv~bteyar inte est from the datevthereoifumil pa dt a~ hear~e~of v•• e i nine per centum per annum and toge~her with such interrst shaU be secured by the lien of thii mwt9age. _ 1 1. To pamit, commit or suffa no wasts, impairment a deteriwation of said property w u~y p+?~ thereof. ' 4 ~ S. To pay ~I~ and sin~ular ths costs, charges +~d exPenKS, including a reaso~able at~wnaY's fQe and costs of abstraUS oi title, incu~red w pa7d at any time by said MORTGAGfE, becauae w in the event of the failure on ~he psrt of the ssid MORTGAGOR to duly, prompHy and fully perform, d~schar9e. axecute, effM, compkte, tomply with and ~b+de by each and evcry the stipulations, syreemenn, cond~t~w~s. and covenants oi sa'~d p~omissory note and this mortQage sny a either. and satd cosb, cha~gd ~nd expenses. each and every. sMtl be immediately due and payable: whether w not there be ~o~ice d~ mand, anempt ro colkcl or iuit pend~ngJ and tM f~ll arrw~nt of each ~nd every wch Payment shall bea. interest from the date thereof until paid a~ the rate of nine per cenlum per uuivm; and all said cosls, charges and expcnxs i~tu~red u p~id, together w~th iuch interosi, shall be iecured by the lien o1 thi~ morty+g~. 6, Ths1 (a) in the event of a~y breach of this Mortgag~ or defauit on the part of the MORTGAGOR, or (b) in the event ~ny of sa~d sums of money herein refe~red to be not pranpHy ~nd fulty paid wi~hin thirty (30) days ~ext after the aame seve~atly become due ~nd payable, withovt demand or notice. or (c) in the event each ~nd evrry ~hs stiputations, agrcements, cond~tions and covenants of sa~d promiuory note and th~i mort9age ar+y a e~ther are not iuly, promptly and fully performed. d;xharged, executed, effected. completed, compl:ed w~th ~nd ~b~ded `ay. lheo in either or any such eveM the sald ag gregste wm ment'aned in said promissory note then remaining unpaid. with inte~est atcrued. and a11 moneys setured hereby. shall betome due and paY- eble fwthwith, or thereatta, a~ the op~io~ of said MOR1GAGfE, as fully and completely as if alt of ~he said sums of money were aiginally stipulated to be paed on such day, a~yth+ng in sa:d pro+o~uory note or in this Mortgage to the con~rary notw+thsta~ding; and thereupon w ~he?eafter ~t the opt~on of said MORTGAGEE, wittaut notice or demand, svit at law or in equity, therefore or thereafter begun, may be presec~ted as if a!1 moneys securad hereby had matwed pr~or to its institution. 7. Thar in the eve+~t that af ~Ix beginnirsg of a st any rime pend~g any suit upon this Mwtgage, w ro fweclose it, w to refwm it, or to enforce payrn~nt of any claims hercu~der, said MORTGAGEE shall apply to the Cour~ having ju~~sdKtion thereof fw the a opant,u~o,~R eve~uessfrom whatever forthwith appoint a reteive~ of uid mortgaged property a!1 and singular, includ~ng all and singvlar the income, p ~ source derived, each end every of whrch, it be~rx~ expreuty underuood, is hereby mortgaged as if ipecificslly set fwth and deuribed in the granting and E habend~m clauses hereof, and such Receiver shall have ali the broad and effettive funct~ons a~d powtrs in anywise entrusted by a Cou?t to a Receiver, and s~ch appointment ilwll be made by such Court as an admitted equity and a mattd o( ~bsolute right fo said MORTGAGEE, and without re(ere~ce to the adequacy or inadequacy of the value of tF?e p.operry mw~gaged or lo the soivency w insolvmcy ol taid MORTGAGOR a the defendants, and that such rems, profits, income, issues and rcvcnues shati be applied Dy such Receiver according to the lien w equity of said MORTGAGEE and the practice of such Court. 8_ To duty, prwnptly and fully perfwm, diuharge, e:ecute, effect, complde, comply with and ab7de by each snd every the stipulations, agreements, conditions and covenams ~n sa~d promissocy note and this mortgage set fo~th. 9. That in the evem the ownenhip of the mongaged pre~nisea, a any part thereo(, becomes vested i~ a Pe+sa+ a~her than the MORTGAGOR, the MORTGAGEE, its succeuws and auigru, may, wi~haul notice to the MORTGAOR, deat with such sutcessw or successor in interest with reference to this mo.tgsge and the debt hereby secured i~ the sartee mamer as with Mortgaga without in any way vitiating or discharging the Mortgagors' liabilify hera under or upon the debt F?ereby secvred. No sale of the prem~ses hereby mortgaged and no (wbearance on ~he part oi fhe MORTGAGEE w its successors or augns and no extens~on of the time for the paymem of the debt Fxreby securcd given by the MORTGAGEE or its successon or au~gns, shall operate ~o release, d~scF?a~ye, modify change o~ aflect the o+ig~nal liab~l~ty of ~he MORiGAGOR herein, either in whok w in part. 10. It is speclfically sgreed that tune is of the esst~ce of this controd and that ra waiver of any obl~gat~on hereurKler or of the obligation se- cured hereby shall st any time thereafter be held to be a waiver of the terms hereof or of the instrumeM tecured herby. 11. In add~tio~ to th~ forego ~g monthly payments of prin~ pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthiy payrrent an add~~iona) sum est~mated by mortgagee to be equal to 1~12 of the annual cost of the iollow- ing: A-All real property taxes levied or assessed- agai~st the above descri?~ed real estate. ° B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the :mproveme~ts situate on the above described premises. C-Prerniu~ns on such mortgage guaranty ~r.surar~ce as mo~tgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgsgee shail from time to time notify mortgagor in writ~rtg of thr arrww~t due and payable ixrevnder and such wm shall therevpon be due and ~ payable on the due aate of ths next monthly payment and each svccessive mo~th thereafter ur,1i1 mortgagee shall notify mortgagor of a change in such amount. Such sums sF.all be applisd by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaraMy insurance ~ p.emiums. . IN YJITNESS WHEREOF, ~he said MORTGAGOR'has hereunto set his hand and seal the day and year fint afwesaid_ ~ Signed, Sealed and delivered in the prexnce of: v~ J ` t ~ • " Seaq ~ ~e~ ~ ' ~ ~ Seal) " ry ~s~.n STATE OF FLORIDA ~ St. Lucie ~ COUNTY OF Before me peaorwtly appearcd Carl F Martin a"d Vita~lf~a D Martin his wife, to me well known and known to me to be the individuats described in and wFa executed the foregoirg instrument, and acknowledged before me that they executed the same for the purposes therein ~x~.~d. a,d rr,~ ~c~ Virginia D Martin w~fe of the sajd ~rl F• Martin upon a separats and private examinaYan by me taken separate and apart from her said husband, acknowledged to a~d before me that she executed said instrument freely and volurr rari~y and withouf any compulsion, constraint, apprehens~on, or feer of or from her ssid Fwsband. WlTNE55 my hand ard offitial seal thi= 9th ~Jay,o A 211 . A, p, 1q 74 . " ~ /j f ~ ' Notary Public in and for t tate of ida st l+rge ~ . My Commiuiw? expires: ~ Retum To: /~j~ ~ First Federal Savings ~ loan Association , . Of fort P:erce. EQ R _ , Fort Pierce. Flerida • t`EQ A1~ 033 M~i~ ~:•~5.~~.~~~~i ~ ~ ~ ~ ~ rt 4~~ \ ' x.; . ~~K ~,~C~1Z CO~~~ . _ ~ ;,L ~G ~ _ : ; . 4~~0 Y~a~F~ED . ~ ~ 0 Th , • ~ - This tnstrument Prepared By John W. Co11i~iC0 ~~1~ ~ r;: ' First Federal Savings & loan Association 'a 3~ ~ . ; ° ~ ' ~ _ of Fort Pierce , Florida ~O ~ ~ _ ~ P{,~;} ~i C. . ":iiG~ . ` ~ , : : ; Checked By rj90+'!''` ' 2 l/. ~`[~',n~'~~. . i f'Nf ~ . ' ~ ~ ,..':S~'. - eoat2z5 r~29~ _ ~ . : - - _ - :c~ ~ : ~ ~ s ' ; i;. . i ,`'"-~II:'`-~' . ~ ~ ~ ~ . ~ ~ ~ ~ w . _ . . . . r~cu.s. r_""""'..r . ~ L ~