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To placs and continuously keep on the build~ngs noav w hereafter ~ituate on aaid Itnd and on ali cquipmCnl and persona~~y covered by this mortg- sge, wilh afl premiums Ihercon pa~d in full, fire insura~ce in the usual standard poticy fwm, in • sum approved by the MORiGAGEE, a~d w~nda~orm insurance in the usual s?andard pol;cy fam, in • ~um approved by Ihe MORTGAGEE, 1n iuch compsny or ca+.panies as ~he MORTGAGEE may di~ect; and all iire and winda~orm i~suronce pol~ciet on any o1 said build~ngs, any inte~eit thsrein o~ part ~Fmeof, in ~he aggre9~~e ~um afaesa~d w In exccis tAe?eof, ihall contain the ~sual standard matgayee clause a such o1he~ clause ai the Mwtyegc~ may requ~r~, ma?ing the lou under •a~d polf cief, each and every, payabls to said MORiGAGEE as ita interesl may appear, a~d each and eve~y iuch pol~cy ihat~ be prompHy ass.gned and del~verrd ~o ~ny held by said MORTGAGEE as (urrher tecurity to said mwtgags debt, and, not leu lhan Ie~ (10) days in advance of the expirotion oi each policy, to da liv~r to said MORTGAGEE a renewal thereof, toyethsr with a receipt for 1he premium oi wch ~eoewal; snd ~here iha~l be no f~re or wi~dsto~m insuranc~ ptaced on ~ny af uid buildingi, any inie~est thcre~n a parl thereoF, ~nless in tM form and with tl» ~oss payable +s ataesaid; and in the event any sum o( moriey bccomcs payable under sucA poticy or pol~cies taid MORTGAGfE shall havs ~hs option Io receive cnd spply the same on accounl of the indebted- ness ucu~ed hereby u ~o permit sa~d MORTGAGORS ~o reccive and use it w any par~ thereol for other purposes, Y~~~hOJf fhar~u~ wa~w~ng or w,pau- ~ng any equ7ry, lien w right unde~ or by vinue of this mo:tgsge; and in the event ~a~d MORTGAGORS shall for any reaso~ tail. to keep ~he ~aid p~em~ses so insured, o? (ail to deliver prpmplly ~ny of taid policies o1 insurancs to said MORTGAGEE, w iai! pro~nptly to pay fully any premium therefor w in a~y respett fail to pe~(am, d~scharge, execute, e(fect, comptete, comply wirh and abids by th;t covenanl, p a~y part hereof, uid MORTGAGEE may place and pay fw suth insu~ance w any part thetepf without w~ivit~g w aifectiny any option, lisn, equiry, w ~ight under o~ by virtue of this Mwtgage, and the ~ full amount oi each and every such payment shall be immcdiately due and payable and shaH bear interes~ i~om the date thereof un~il paid at the rate o1 n~ne per centum per annum and fogether with iuch interest shall be secu~ed by th~ lien of this mortyage. ~ 1. 1o permit, commit or suffer no wasta, impairment ot deterioration of said property p any part thereof. 5. To pay all and singular the cosri, charges and expenses, incl~ding a reasonable at~orney i fee and costs of abstracta of title, incurred o~ pa~d at • any time by seid MORTGAGfE, because a in the evenf of the faifure oo thc part of ~he said MORIGAGOR to duly, promptly snd f~lly per(o~m, d~uharge. execute, effect, ca»plete, comply with and ab~de by each and every the stipulat~ons, agreements, conditiona, ~nd covenants oi seid promisso~y ~ote and ~hii mortgsge any w ei~her, and sald costa, charges and expenses, each and every, ahall be immediateFy due and psyabte; whethtr or not there be r+o?+ce da mand, attempt to coflect w s~it pa~ding; ar~d the full amount of eash and every such payment ahall bear iroerest from ihe date thereof umil paid at the rare of nine per centum ~r anoum; and au saed cosis, ~harges and expenxs incurred or paid, togNhx w~th such imeresL shall be :etu~ed by the lien of Ihy mort9age. 6. Tha~ (a) in ~he eve~t of any b~each of this 1Norrgage or defautr on ~he part of the MORTGAGOR, or (b) in the evenf any oi sa~d sums of money herein referred to be not promptly and f~lly paid within thirty (30) days next afler the same severally become due and payable, without danand w notite, or (c) in the event each and every the stipulations, sgreements, conditions and covenants of said p~omissory note and th~s mortgage any w either are not ~uty, promp~ly and futly performed, d~scharged, executed, effected, completcd, compl~ed witf~ and abided by, then in elthe~ or any such event the sa~d eg gregate sum mentaned in sa:d promSssory note then remaining unpaid, with interest accrucd, and atl moneys secured hereby, shall becoma dve and pay- able forthwith, w thereslrer, at the oprion of said MORiGAGEE, as lully and completely as il all of the wid s~ms of money were aiginally stipulated ~ io be pa~d a? such day, anytAing in sa~d promissory note or in lhis Mortgage to the contrary notwithstanding; and ~hereupon or thereafte~ at the option of ~a~d MORTCaAGEE, without notice w demand, suit at law or in equity, thcreiore a thereafter begvn, may be proset~ted a~ if all moneys secured hereby r.ad ma~ured pr~or to ies institution. 7. 1ha~ in the event that at the beginning of or at any time pending any suii upon this Matga~e, a to foreclose if, or to ~efwm It, or to enforce payment ol any claims hereunder, said MORTGAGEE shall apply to thc Cou~t having jurisd:ct~on thereoi for rhe eppoi~tment of a Receiver, such Co~rt shall fo~thwirh appoint a+rceiver ot said mortgaged property all and s~ngular, includ~ng aIl and s~ngular the income, profl~s, iuues and revenues from whatever sourca derived, each end every of wh~ch, ie being expressly understood, is hereby mortgaged as if spec~ficaily xt fw~h and dewibed in rhe granring and habendum dauses hereof, and such Receiver shalt have all the broad and effettive func~~ons and powers in anywise entrusted by • Court to a Receiver, and s~ch appointment shatl be made by such Court as art admirted equity and a mat~er of absolute right to said MORTGAGEE, ared withou~ reference to the adequacy w inadequacy of the value of the property mortgaged or to the sotvency w inso!vency o' said MORTGAGOR or tF~r defendann, and that such renis, prof;ts, income, i:sues and revenues shall be applied by such Receiver according to the lien or equity of siid MORTGAGEE and the practice of such Court. 8_ To duly, promptly a~+d fully perfwm, discharge, execute, e(fect, comptete, comply with and abide by each and ave~y the slipulafions, agreements, cond~tiona and covenants ;n sa~d promissory nota and this mwtgage set forfh. 9. That in the event the ownership of the mo~tgaged premises, w any part thereof, becomes vested in a pe?wn other than the MORTGA~iOR; 11+e htORTGAGEE, its succzuors and assigns, may, w~fhov~ r.a~~ce to the MORiGAOR, deal with such successo? w successw in interest wieh rEference to th;~ morrgage and rhe deot hereby secured in the same manner as with Mortgagw witlwut in any way vitiating u dischargin9 1he Mortgagors' liability herr vnder or upon the debt hereby secured. No sale of the premises hereby mo~tgaged and ~o forbearance on the part of the MORTGAGEE w its successws or ass~gns and no eatrnsion of the fime fw tFK payment of the debr hereby secured given by the MORTGAGEE or its successus or au~gns, .hall operate ~o reiease, d~uharge, modify change or affect the org~nal Iiab~Gty of the N10RTGAGOR he?ein, either in whole a in part. 10. It is speuf~ca~ly agreed that time is of the esun~e of this contract and that no waiver of any obliget~on hereunder or of the obligatan sr cured hereby shsll at a~y time thereafter be held to be a waiver of the terms hereot w of the instrument secv?ed herby. j t i 1. In add:tion to the forego:ng mo~thly paymsnts of princ'pa! and interes? requ;red by fhe prom~uory note secured hereby, mortgagor covenants and agreea to pay to mo:tgagee w~th each momhly payment an addirional sum est~mated by mortgagee to be eqval to 1/12 of the annual cost of the foliow- in~; ~ A-All real properry taxes levizd or assessed against tF~e above dexribed real estate. 8-Premiums on fi~e artd w+ndsto~m ensurar.te as herein requ:red to be carried on the improveme:?ts situate on ihe above described ptemises. C-Preiniums on such mortgage guaranty insurance as mo+tgagee shall irom t:me to time deem fit to carry on the loan secured F.ereby. Matgagee s!~ail from time to t~me notify mortgagor in writing of the amount due and payable hereunder and such sum shaii thereupon be due ard ~yable on the due date of the next monthly payment and eacF~ suctessive month t?~ereafter ur.til mortgagee shall ~ofify mortgagw of a change in such ~+^:ount. Such sums sF.a;l be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guannty insurance p•emiums. ~ , IN WtTNE55 NHEREOF, the said MORJGAGOR has hereunfo set his hand and seal the day and ye fir t ator id. Si, ned, Sealed and de ' ered in the preaence of: sl) ' ' 4ilinf ed L. Vanno ~ - (SeaO ' rraine D. Vannoy , ~ STATE Of FLORIDA ! ~OUNTY Of ST • LUCIB ~ ~ ~ Vannoy ;r"- ; aera~ ~.,o~i,,, a~a.ea Winfred L. and ! Lorraine D. vVlllOy his wife, to me wefl k~ Kanc~~ r+bw ~CAbwi~ ~p me to be ; rhe indrviduals described in and who executed the foregoing instrumN+t, a~d atknowledged before me that they execute,d tlp y~rpe foi~,the purposes 5 j j _ ' f therein exp.essed. Md the said Lorraine D. Vannoy - '~J ~ : r ; N~fe of the ~~a w?nfred L. ~IdI3IlOy ~,,,.b~htt~par~p~e and.~ivate g examinat~on by me taken separate and apart from her uid husbartd, atknowledged to and before me that she ex~Wfe~ i{~d mstrument frSely~an~ Voiurr rariiy and w~thout any compulsion, tonslraint, apprehens~on, a fear of w from her uid husband. , r;+;• ` - WITNf55 my hand and official scal this day of JUl " ~ ~ A;`,(~. )9. 7~ ~ ( . "r ~ . . zr ~ _ ,•i ~ ~l'; _ ~ Notary Public in and for the Stete of F l~y l't lsrpe My Commisiwn e~~ Pll~IC Returo to: . STATF d~FLORI9A st LARGE first ftderal Savings S loan Association ?~1? COMM~SSfON D(PIRES SEPT. 25, 1975 J~nded By MulKaa BankMS Insunnce w. Of Fon P;erce. f Fort Pierce, Florfda ' ~~Q1 Q~ ? j.U i Y FILEO AND RECOROE~ ~ ; Th:s Instrument Pre ared 8 RiChalZd K. KR1 eS ST.LUCtE ~OUNTY fLA. ~J~ P Y Y ~iOGEF F~ TR~S 3` First Federal Savings 8 Loan Association CIERK C~ .CU1T COURT of fort Pierce , Florida AEf.OPf` VE"~FIEOw - ; Checked BY J(u, ~8 ~7 1~ 1~ _ R ao~21~ ~~~519 = 4 3 ' w~-~ YY" ~ , a _ ~ F J ~ _ _ , , . _ -