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To place and cantinuously kezp on ~he bui!dings now or hereaiter Situate on said land and on a!f equip~nenl and pe?sonally covered by this ma ege, with all premiums thereon pa:d in full, f~re insurence in the usual standard polity 1o~m, i~ a sum approved by the MOR(GAGEE, and winds~o insurante in tF.e usual standard pot~cy f~rm, in a sum approved by Ihe MORTGAGEE, in such <ompany or compan~es as the htORTGAGEE d~recl; and all (ire and w~ndstorm insurance pol~ues on any of said build~ngs, any interesi ~herein or par~ thereof. in the aqgregate sum aforesaid in excess lhereof, shall contain the usual sta~idard mwtgagee t~ause w such olhar clause as Ihe Mo~tgagee may requ~re, making the loss undtr sa~d po cies, each and every, payabie to said ti1pRTGAGEE as its inte~est may appear, and each and every such po~icy sl~ail be promptly ass gned a~d deliv;:~ed ~ any held by said IJ10RfGAGEE as furthe~ security to said n:ortgag~ debt, and, no~ leu than ten (101 days in advance of the expiration of each polity, to d~ Iiver to said h!ORTGAGEE a renewal thereof, together wi~h a receipt fw the premium oi such renewa~; and there shall be ~o f~re or windsto~~n insuranc placed on any of said buildings, any interest therein a ps~t thereof, unless in the form and with the loss payable as aforesaid; a~d in the event any sun of money becomes payable under such poliq or poGcies said MORTGAGEE shall have ~he option ro receiv.: and appty the same on account of ~he indebtrd ness secured hereby or ~o permit said MORTGAGORS to rtceive and uu it or any part ?he;eof fur osi~_r pw:osa•s, v,~~i,;,~t th~r~u~ .va~.i.i3 cr ~mp,.~~ ing any egu~ty, lien or right unde: c• by virtue of Ihis mo:tgage; •nd in the event said MORTGAGORS shafl !o~ any reason fail to keep the sa~d premises ao insured, or fail to deliver promptly any of wid pofties of insurancs to uid MORiGAGEE, or fail p:o~nptty to pay fu~ty any ptemium :'-erefor or in a~y respect lail to perfwm, discharge, execute, eff@ct, complete, comply with and abide by this covenanl, or any parf hareoi, said MORiGAGEE may place a~~d pay for such insurance or any part thereof without waiving or affeding any optio~, lien, equity, or right unde~ w by virtue of this Mortgage, and the f~ll a~no~nt oi each and every such payment ahall be immediatel~ ~ue and payable and shail bear interest from the date thereot un~il paid a1 the rate o1 n~ne per cemum pe~ annum and to~ethar v~ith such interest ahall be secured by the lien o1 this mortgage. 1. To permit, commit or suffer no waste, impairment w deterioration of said property w any part thereof. 5. To pay alt and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstratts of title, incurred or paid at any ume by sa~d MORTGAG:E, because or in the evero of the faiture on the part of thr said MORTGAGOR to duly, pranptly and fu::y perlorm, d~scharge. ~,cecute, effect, comptete, tomply with and ab:de by each snd every the atipulat~ons, agreements, conditions, and covenants of said promissory note and ~his ~i~,:y~y~ a~y or either, and said costs, charges and ezpenses, each and every, shall be immediately due and payable; whether o~ not there be notice dz mand, attempt to collecf or suit pending; and the full amounl of each and eve~y suth payment shall bear interesl lrom the date thereof until paid at the r,,re o; ~~ne per centum per a~~num; and all said costs, charges and expenses incurred or paid, toge~her wuh such interest, shal~ be secured by the Iien of this morfgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ib) in the event any of sa~d s~ms of money herein referred to be not promptty and fully paid within thirty (30) days next afte? th.. same severatly become due and payable, wiihoul demand or notice, ~ or (c) in the event each and every the stiputarions, agreements, conditio~s and covenants of sa;d promissory note a~~d th~s mortgage any'or either are not i iu!y, p+omptly and fully performed, d~scharged, executed, eifected, completed, complied with and abided 5y, ~hen in e~ther a any such event Ihe said ag gregate sum mentioned in said promissory nete then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay ~ aoie forthwith, or thereafter, at the ::p'~~~ of said MORTGAGEE, as fully and completely as ii all of the said sums of money were originally st~pu~ated to be pa:d on such day, anythirg in sa:d promissory note or in this Mwtgage to ~he contrary notwithstand~ng; and thereupon or thereafter at the opt~on of s~:d MORTGAGEE, without notice or demand, suit at law or in equity, tneretore or thereafter begun, may be prosecuted aa if all moneys secured hereby n~d maWred pnor to ~ts institution. 7. Tha1 in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to foreclose if, or to reform it, or to enforce payment of any ciaims he~eunder, said I~IORTGAGEE shall apply 1o the Gourt having jurisd~ction thereof for the appointment of a Receiver, suth Courf shall forthwirh appoint a receiver of said mortgaged property al{ and singula?, includmg all a~d singular ~he income, prohts, issues and revenues (rom whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as ~f speufically set forth and described in the granting and habendum clauses hereof, and svch Receiver shafl have all the broad and efiective funct~ons and powers in anywise entrusted by a Courf to a Receiver, and s_ch appointment shall be made by such Court as an admitted equity and a matte? of absolute right fo said MORTGAGEE, and without re~e~ence to the adequacy w inadequacy of the value of the property mortgaged or to the so~vency or insolvency of said MORiGAGOR w the defendants, and that such r~•,is, profits, incane, issues and revenues shalt be applied by such Recriver according to the lien or equity of said MORiGAGEE and ~he practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipu(ations, ag~eements, condiYans and covenants ~n sa~d p?omissory ~ote and this mortgage set fwth. 9. That i~ the event the ownership of the mortgaged premises, or any pa.t thereof; becomes vested in a perwn other than the MORTGAGOR, the ~ h•.ORTGAGEE, its successors and ass~gns, may, wiihout noiice to the MORTGAOR, deal with such successor w successor in i~terest with ?eference to this ~~~ortgage and the debt hereby secured i~ the same manner as wi~h Mortgagor without in any way vitiatirtg w d~scharging the Mortgagors' liability here- { ~~der or upon the debt hereby sec~red. No sale of the prem~ses hereby mortgaged and no forbeara~ce on the part of the MORTGAGEE or its successors ~ or ass~gns and no extens~on of the time for the payment of the debi hereby sxured given by the MORTGAGEE or its successors or auigns, aiwll operate fo release, discharge, modify change or affect the original liaoil~ty of the M.ORTGAGOR herein, either in whole or in part. ? 10. It is specifically agreed that teme is of the esse~ce of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any tin,e thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I l. In aJd.tio~ ro the forego n9 ~non:h!y payments of princ pal and imerest required by the prom'ssory note secured hereby, moregagor covenants ~~:d agrees ro pay to mortgaq~e with each monthiy pay~oen! an add~~ional s~m estimated by mortgagee fo be equai to 1; 12 of the annuat cost of the follOw- ~n3: A-AU real property tax.s lev~ed or assessed against the above described real esiate. B-Prem~u~ns on fire and windsro:~n ins~rarce as here~n requ~red to be crr~i~d on the improvemeits s~tuate on the above described premises. C-Prerriums on such mortgage g~aranty ir.surar~ce as mortgagee shall from t~me to 5i~ne deem fit to carry on the loan secured hereby. i Mortgagee sha~l frosp~ time to t~~ne not~fy mortgagor in writing of the amount due and payable hereundrr and such sum shafl thereupon be due and ~ {yable on the due date o~ ihe ~~ext month:y paymem and each suctessive month thereaiter until mcrtgagee shall notify mortgagor of a change in such ~.ounr. Such sums sF.ail be app;{ed by mortgagee toward the payme~t of rea! property taxes, insurance prem:ums, and mortgage guaranty insurance c~~emiums. tN YJITNESS LVHEREOF, the said 14M1ORiG~GOR has hereunto set his hand and seal the day and year fir aforesaid. Signed, Sealed and 'vered ' the presence of: . i ~ ~ Winfr d L. Vannoy ai~ i % ~e.C..l7 ~e-K.~.-c./ (Seaq ! Lorraine D . Vannov ~~aq ; , ~ STATE OF FLORIDA ~ } $L. LuCie t ~ ~ COIiNTY Of I Befwe me personally appeared Wil]~sed I'. VailllOy snd ~ Lorraine VaI1IIOSl his wife, to me well known and. ~y~~Q~f! rha individuals described in and who executed the fwegoing instrument, and acknowledged before me that they executed t~~am!'~1a • j s therein expressed. And the said Larraine D. V8I1110S/ ,~lfe of the sd~d ~~1ed_ L. Vannoy =~~s-~pe~al~anA',pn~ - exam~nation by me taken separate and apart from her said husband, acknowledged to and before me that she execu d sai ~~o;Kurr~~eely`~Ad?tofarr ra-~ly and w~thout any compulsion, constraint, appreh si or fear of or from her said husband. ~ ' ' . ~ WITNESS my hand and official seal this ~ day of r ~ L0 ' A. 9f 19'~ . : O• ~ 'v' ' ~ ~ ' Notary P~blic i and~r the ?ate of ffeci a at rys'~ • ~ ~ My Commission expi s. ~ ~ ~ ~ • . , i . ' ~ ~ Return To: ' c ' ~ First Federal Savings S loan Association Of Fort P:erce. fort Pierce, Florida A b ~~a~(,~' j~!~E~a?~ ~~t~ r k l, ~OGE~a~ u~ ~?6 l, O~~a~t ~ , G f ~041Ri This Instrument Prepared By RiChard K. Kaye~~9~q yFR~~ 1E0 First Federal Savin s 8~ Loan Association Qu of Fort Pierce~ Rlorida ~ 3! y~ 1~1 Checked By ~ - ~`31~28 . 8G'OK207 ~A~E2345 _ - -