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To place and continuou:ly keep on the bui!d~ngs now or hereafle~ ~ituate on said land and on al~ equip~nent and personally cove~ed by Ihi~ mu age, with alt premiums thereon pa:d in full, tire insurance ~n ~he usual standard policy torm, in a sum approved by thr MOR~G:~GfE, and w~nds~o insurante in the usuai s~andaid pol;cy (a~n, in a sum approved by the MORTGAGEE, in such tompany or tomF;anies as the MORTGAGEE m d~recl; and all lire and winJsto~m insurance policies on any of said build~ngs, any interest therein o~ parl ~hereoi, i~ the aggrrgate sum atoresaid in excess thereof, shatl contain ihe usuat standard morrgagee dause u su~h other tlause as lhe Mo~igagee may requ~re, making the toss undz~ sa~d po c~es, each and every, payab~e to said h1pRTGAGEE as ~ts imerest may appear, and each and eve~y such po~~cy shall be promptly ass gned and de~:vered ~ any held by said MOR(GAGEE as fu~thzr security ~o said mongage debt, and, not (ess tF.an ten (t0) days in adva~~ce oi rhe explret~on of each polity, ~o d. Gve~ to said MORIGAGfE a renewal thereof, Iogether with a rece~pt for the premium o( such renewal; and there shall be no t~re or winds~o~m inauranc placed on any ol sa~d build~ngs, any interest therein or part thereof, unless in the form and with the loss payabte as a4ore~aid; and in tne evenl any sun of mooey becomes payabte under such poficy or poGcies saed MORIGAGEE shal) havs the opnon ~o recc~ve and app!y 1he ume on accoun? o( the indebeed nz:s secu~ed he~eby or to permrt said MORTGAGOR$ to receive and use it or any parl Ihereof lor o:h~r Hur; ~i~~s, w~~hout ~h_•.u~ waili~3 0~ ~~~~pwr ~~9 a~y equ~ty, lien w riglu undrr or by virtue of this mo:cgage; and in ~he event w~d MORTGAG08S shaN tor any ~eason fa;) to kcep rhe sa~d prem~srs so ~nsured, or fail ta delive~ prpmplly any of said policies of insurante lo said MORIGAGEE, or f~ii p:omptly to pay fu~ly any pren~~u~n theraior w in any reipett fail to perform, discharge, exetute, effect, complete, tomply with and abida by thia tove~ant, o. any part ha.eof, s~~d MGRTGAGEE may piace a~,d pay fw such insur.ince or any parf lhareof without waiving or afiecr;ng any option, lien, equity, o? righ~ under or by virtue of this Ma~gage, and the full a~nount of each and every s~ch payment shall be immediately due and payable and shall baar interes~ from the date thereof until paid at the ~ate o1 n~ne per centum pe~ annum and to~eth~~r wifh suth interest shaii be secured by fhe iien of this mortgaqe. 4. To permit, commit w suffer no was~e, impairmenf or dererioration of said property or any part the~eof. 5. To pay a!! and s~rgula~ the costs, charges and expenses, including a reasonable attorney's fee and costs of abst~acts of title, incurred or paid at a~y f~me by sa~d MORIGAG:E, because or in fhe event of the failure on 1hr par~ of the said MORTI;AGOR to duty, pro:»pdy and futly perform, d~xharge. ~x<cute, effect, co~nple~e, tompty with ar~d ab:de by each and every the stipvlarions, agree~Tfents, cond;l~ons, and covenants of sa~d prom~ssory nole and this ~,orrgage any or e~~hei, and sa~d costs, charges and expenses, each and every, sha~l be immediately due and payabte; whether or not there be notice d~ m,nd, attempt to co+l¢~1 or suit pendl~g; and the full amovnt oi each and every svch paymem shaii bea. interest from fhe date thereof until paid at /he r%e o; nf,i¢ ~r cant~m per anuu:n; and aU said tosts, tharges and expenses ixurred or paid, togtther w~th such imerest, ihall be setured by the lien of this mortgage. b. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b} in tAe event any of sa~d sums of maney herein ~~•fer.ed ro be not premptly and fully paid wi~h;n thirty (34) days next aftcr the same severa'!y btcome due and payable, without demand or no~ice. or ~c) in thr event each and every the atiputations, agreements, conditions a~d covenants of sa:d promissory note and th~s mortgage any or either are nm ~ ju!y, pro~nptly and f~tly per(ormed, d~scha:ged, executed, elfecved, compfeted, complied wirh and ab~ded by, ~hen in e~ther w any such event the sa~d ag- ~ ~~,gate sum ment~oned in said promissory note then remaining unpaid, with interest accrved, and atl moneys secured hereby, shall become due and pay- ; eu ~ forthwirh, or thereaftcr, at the opt~on o4 said MORTGAGEE, as fully arxl comple~ely as if atl of the said sums of money were onginally sr~pu:ated s to be pa:d on svch d~y, anytA;ng in sa;d pro,n~ssory note or in this Mortgage to the conerary norrviiliseanding; a~d thereupon or thereafter a~ the opt~on of s~:! MORiGAGEE, w~thout no~ice or demand, suit at law or in equity, there(ore or thereaiter begun, may be prosecuted as if al! moneys secured hereby ~ r,,:d matured pnor to rts institution. ~ 7. 7hat in the event that at the beginning of or a! any time pend;ng any su;t upon this Mortgage, w to foreclose it, or to reform it, or to enforce ; F~ayrnent of any teaims hereundrr, said MORiGAGEE shall app~y to the Court having jurisJiction thereof for th~ appoi~tment of • Receivet, such Co~rt shail ' Fc•fhwith appo~nt a receiver of said mortgaged property aIt and singutar, includ~ng ait and singular the incorwe, pro(~ts, issues and rer-enu¢s fiom whatever se~rce derived, each and every of wh~ch, it being e•pressly underatood, is hereby mortgaged as if specifically set fonh and destribed in the granting and h~bendum clauses hereof, and such Receiver shalt have all the broad and effective funct;ons and powers in anyw~se emrusted by a Cou~t fo a Receiver, and ch appcinrme~~r sha!! be made by such Coun as an admiued equity and a matter ,of absolute rigM fo said MORTGAGEE, and withoul reference to the a;i~~quacy or inadequacy oi the value of the property mortgaged or to the sowency or inso~vency of said MORTGAGOR w the defendants, and that such re~,rs, profits, incane, fssues and revenues shait be applied by s•xh Receiver ac:ording ro the Iien o? equity of said MORIGAGEE and the practice of such Court. _ 8. To duty, prompsiy and fully ~erform, discharge, execute, effec~, comp~ete, comply with and abide by each and every the stiputations, agreements, ;onditiorts and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the evenf the ow~iership oi the mortgaged premises, or any part fhereof, becwrees vested in a person other than the MORiGAGOR, the .'~RTGAGEE, its successors and ass~gns, may, without notice to the h10RTGAOR, deal w~th such successor or successor in interest with reteren~e to this o•tgage and the debt hereby secured in the same ma~ner as with hlortgagor w~thout in any way vit~ating or d~xha~ging the Nbrtgagors' liabitity here- ~~:der or upon !he debt hereby secwed. No sa!e of the premises hereby mortgaged and no forbearance on the part oi the /AORTGAGEE or iss successors o- ass~gns and no extens~on of the time for the payment of the debt h>reby secured given by the M~RTGAGEE or its successors or ass~gns, ahatl operate io release, discharge, modify change or affect the original liabiiity of the A4URTGAGOR hereirt, eithe? in whole o? in pa~f. TG. Ir is spec~f;cally agreed that time is of fhe esse»cp of this confrad and lhat no waiver of any obl~gation hereunder or of the obligatwn se- cv~.=d hereby shall ai any time thereafter be held to be a waiver of the terms hereof or of the instrumei~t secured he~by. 11. In aod.tio:~ to tF.e forego ng monTh!y pay~neMZ of princ pal and interest requ~red by the prom~sscry no!e secured hereby, mortgagor covenants +~.d agrees ro Yay to mortgagee ~~~th each montFdy payrnent an add~rrona! sum ast~n;ated by mortgagee to be equa! to 1~ 12 of 18e annual tost of the follow- ~7 A-Afl rFa! propert~~ taxas fevied or assess~~d agai•~st the above dezcribed real estate. B Pr_~r.~u:ns o~ fire and wir.dstor~n inswar.~e as here~n requ;red to be carried on the improveme~ts situate on the above d_scribed premises. S C-Prem;wT~s on such mortg~ge guaranty ir.sura~.ce as morrgagee shatf from hme to ri~ne deem fit to carry on the loan secured hereby. 1lortgagee sha:l frcm ti~ne to tin:e nc!ify mertgagcr in writing of the amou~t due and payable hereunder a~d s~ch su-n shall thereupon be due and ~~eb~e on rhe ~'ue daie of ~he next momh:~ payment and each successive month thereaft~r untii mortgagee shall notify mortgagor of a change in such ~vnt. Such z~ms sha.i !:e aap'ied by mortgagee towa~d rhe payment of rea! property taxes, insurance prem:ums, and mortgage yuaranty insurance ~.•~ni~ms. IN \'JITNESS '1YHER'cOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Sealed and detivered in the presence of: i+~6~ ~J-' ~"~Mn.rrJ.lL~fl~ (SeaO W lter J. Va nasse III i;~j ~~~['"L ~ f5eaq - Janpt A _ Vannasse (~ap S~.~TE OF fLORtDA ~ St. Lucie CJU'JTY OF ~ Before me personally appeared walter Vannasse, III. _ and .7~3I1B't A. Vannasse his wiie, to me well known and krrown to me to be r~= ~nd~v~duals described in and who executed the foregoing instrumeM, and acknowledged before me that they executed the same for the pu~pos~s , rherein expressed. And ths sa;d_Janet A. Vannasse j,,, • ' , c {c of the sa~d Wd1tQr .J• Vannasse, III upon a separ~e.a?~d'~ivale ..am~natlon by me taken separate and apart from her said husband, acRnowledged to and before me that she executed said instru~Iner}~'~r~eety and vduo-= . ~ ~ = ~.~~:y and without any compulsion, constrain?, apprehension, or fear of or irom her said husband. WITNESS my hand and officual seal this__ 1~~. day of $@ tember n•:• q. ~q. 72_ _ ~i ' • , 2 Notary Publ~c in and (or the te o4 ida~t larg$ ~ f~.~ ` My Commission expires: - - : Retum To: - F~rst Federal Savings 3 loan Assouat~on NOfARY PUBtIC. ~ qt ~roq ~,(j~~ Of ~art P e~ee. 81Y COMM)SSION EXPIRFS DEC. Y9. 1975 forf Pierce, Fforida tonded Thru Ganeral Insu~~nc~ Underv.nters. Fi~e~ ~~+o afcoaoEa ` ST.WCtE P~tRAS~ This Instrument Prepared By : Dennis F. Holez'geZ IIOCER First Federal Savings & Loan Association CLERK CIRCUIf ~a~~t' of Fort Pierce , Flor ida 33450 RECOaO YERIffEO Checked By G~_~ R `,9 ~ 4~ -BUOK~V6 ~~4i~ - 238300 ; ~~s ~ ..~.a.W.~ w., _ - ( I h ~ . _