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Home My WebLink About0739 3. To place and contin~o~sly keep on tAe bui:diogs now or hmeaiter ~~tuate o~ sald land and on all equiNment and penona~:y cove~rd by this mortg- age, wi~h ~II p~emivms theteon pa~d ~n lull, firu insure~.ce in the uauel standard po'~cy fo~m, in a sum appro~ed by ~ht 610RiGAGEE, a~~d w~~ds~o~m ~nsursnte in the uiual ~!andard po::ty fo~m, in a ~vm appro~ed by the MORiGAGEE, in such company or compan~es as the MORiGAGFE may d~rect; and all fire and w~nJstorm ~nsurance policies on a~y of sa~d bui~d,ngs, any interas~ therei~ or pa~t thereol, in the aggrega~e sum aloreiald w - in sxcesa thercof, sha~l co~tain Ihe usual standard mor~g~gee ciause or such o~hu clause as the Mwtgagee may rcqu~ro, maAing tt~e ~o~s unJr~ •a~d po1M des, eath arxl eve+y, payab!e to said h10RTGAGEE as its i~:eirit may appear, and each and every such po~~cy shatl be pro~..p~~Y aasgned a~~d de~~vered ~o eny held by said MORTGAGEE as fu~that security to sa~d mortgege debt, anJ, ool les~ Ihan ten (10) days in ad+ance of the exp'.vation c+l eath pol~ty, to da Gver to iaid MOR~GAvEE a renewal thereof, t~iyether with a reccipt fo? the premFum oi such renewal; and there shall be no f~re or winds~onn inw~ance placed on any of said bu~!d~~gs, any interest thue~n o? part ~hereol, unless in ihe (orm and with the loss payable as aforesaid; and in the event any sum of money becomes psyable under euch policy w po~~cies said MORTGAGEE shall have ~he opnon to ~ece~vr ac~d appty tim same on account ol the i+~d~btrd- ness secured he~eby w ro pe~m~t aa~d MORiGAGORS ro recrive and use it w~ny par~ thrreof for otncr pur;~~s~•s, .•.~~~~~..t lh_nu/ .var+~,~~ cr ~:~.p.,~.- ing any equ~ty, lia~ or right under or by virtue of thii mo-'gaga; and in ~he event sa~d MORTGAGORS shall for any rcason fail 1o keep ~he sa~d prem~srs so ~nwred, or (ail to deliver promptly any of said pol~ues o! ~nsu~ance ro sa~d MORTGAGEE, or fa~l prump~ly to pay iu~ly any pre~mu~n thrretor or ~n a~y resped fail to perfwm, d~scharge, execute, effec~, comp~ete, comply with and ahide by this cove~ant, a any part hereoi, sa~d MORTGAGEE may piace a~~d pay fo~ such insurante or any pa~t ihereof without waiving w affecting any option, lien, equ~ty, or right uncfer a by v~rtue oi ~his Matgage, a~d the full amount of each a~d e~ery s~ch payment shall be immediately due and payatle a~d shall bear interest from the date lhereoF until paid a1 the ~ate of n~ne per centum per annum and tu~.thrr with such interest shali lx secured by the lien oi this mwtgage. 1. To permit, mmmit or suffer no waate, impairment or deter~o~a~ion of said propcrty or any parl the~eof. 5. To pay all and singular the costs, charges a~d e~penses, ineiuding a reasonable atrwney's fee and costs of abstracts of title, incurred o? pa~d at any time by said MORiGAGfE, because o~ in the eveN of the fa~lure on the pan of Ihe sa~d MORTGAGOR to duly, pranp~ly and futly perform, d~scharge. ~xecute, eifed, compte~e, co~ply w~~h ar~d ab.de by each and every the st~p~lanons, agreements, cond~uons, and covenanrs of sa~d prom~uory note and ihis rnortgage any o? e~~her, and aa~d costs, chargcs and eapenus, each and every, shall be immed~atety due and payable; whe~her or not tAere tx nonce dr mand, attempt to collecl w'iuit pend~ng; end ~he full amount of each and eve~y svch payment shall bear interest from the date thereof until paid al the r:~te of nine per centum per annu:n; and afl said coau, charges and ex~enses inc~rred or paid, logethe~ wuh such interest, shall be setured by the lien of th~f m0/tg~~. . i 6. Thal (a) in the event of any breach of this Mortgage or default on tFx part of the MORTGAGOR, or (b) in the event any of said sums of mnney he:ein referred to be not promptly and fully paid wi~hin ~h~rty (30) days nex: afrer the same severalty beco~ie due and payable, without demand o~ not~ce, or (c) in the event each and every ~he stipulations, agreements, condit~ons ar.d covenants of sa:d promissory note and th~s morlgage any a e~~her a~e not ivly, promptly and iutly performed, d~scha~ged, executed, eifected, compieted, comp~ied w~~h and ab~ded Sy, then in e~ther or any such event the sa~d ag qregate sum mentioned in said promissory rwte then remaining unpa~d, w~th interest accrued, and all moneys setured he~eby, shall betome due and pay- ebie forihwith, o~ thereafter, a1 the opr~on ol said MORiGAGEE, as fufly and comptetely as i1 atl of thr said sums of money were onginally st~p~Iated ro be pa~d on such day, anything in sa:d pro~n~s:ory note or in this Mo~tgage 1o the contrary notw~thstand~rg; and thcre~pon o~ thereafter at ~he opt~on of said MORTGAGEE, w~thout notice or demand, suit at faw a in equity, therefore or thereaf~er beg~n, may be prosec~~ed as if ell moneys aecured hereby n,d matured pnw to Js instituUon_ 7. That in the event rhat at the beginn~ng of w at any time pend~ng any su~t upon th~s Mortgage, or to faeclose it, or to reform it, or to enforce payrrKM of any claims hereunder, said MORTGAGEE shatl app~y to the Cowt having ~ur~sd~d~on ~hereof tor the appo~ntmero of a Receiver, such Co~rt shall icrthwith appoint a rece]ver of said mortgaged property all and singular, includ~ng all and singuiar the incorne, profib, issues and revenues from wha~ever sc~~ce derived. each and every of wh;ch, it be~ng expressly unde~siood, is hereby mor~gaged as ~f spec~tically xt fo~th and descr~bed ~n the gram~ng a~d habendum ciauses hereof, aRd such Recei„er ~hail have all the broad and efiecT~ve f~nct.ons and powers i~ anywise entr~sted by a Court to a Receiver, and s, ch appointment shall be made by such Cou~t as an admitted equity and a matter of absotute nght to said MORTGAGEE, and without ~eference ro the eJequacy w inadequacy of the val~e of the property mo~tgaged or to the so.vrncy or inSO:•:enty of sa~d MORiGAGOR or the defendants, and that such ren~s, profits, income, issues and revenues shall be appt~ed by wch Qece~ver accord~ng to the lien or eq~ity oi said MORTGAGEE and the prac~ice of such Court. ' ~ 8. To duly, promptly and fully perfo~m, discharge, exec~te, effect, compiete, comply w~th and abide by each and every the siipulations, agreements, ;onditions and covenants ~n sa~d promisso:y note and this mortgage set fwth. 9_ Tl~at in the event the ownership of the mortgaged premises, or any parl thereof, becomes vested in a person other than the MORIGAGOR, the h'.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with s~ch successor d successor in ir.terest wi~h reference to this n,ortgage and the debl he~eby secu~ed in the same manner as wlth Mortgagor witiwut in any way vitiating or diuharging the Nbrtgayrors' liability here- vnder w upon the debt hereby secuied. No sale of tlie prem~ses hereby mortgaged and no fortxarance on the part of ~he MORTGAGEE or its successors or assigns and no extension of the time ior the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass;gns, a~~all ope~ate ro release, d~scharge, modi(y change or attect the original liabil~ty oi the MORTGAGOR herei~, either in whole o? in part. 10. It is spec+ficatly egreed that time is of the essence of fh~s contract and thal no waiver of any ob~igation hereunder a of the obtigation s~ c~red hereby shall at any time rhereaiter be hetd to be a waiver of the terma hereof or of the ins~rument secured herby. • 11. In add:t:o~ to the icrego:n~ montf,!v p~Y'n~^~s of pri^c pat and interes+ requ~red by the prom ssery no!e secured herebr, mortgagor eovenants +nd agrees to pay to mongagee vcith each mcnrh,y pay~•~ent an a;1d~~~ona1 sum est.m:ated by mo-tgagee to be equai to 1, 12 of tne annual cost of the follow- ~n~: A-Ail ~eai property taxes lev~ed or assess_d agai•~st thc above desui~cd reat cstate. . ~ B-P~en,~ums on fire ar.d windstorm insurarce as he~e~~~ requ;red to be carried on the im~~oveme~ts situate on the above d=scr;bed premises_ I C-Premi~:r:s on svth mortgage g~a*anty ~r.surance as mortgagee shaif fro~- t me to time deem fit to tarry on the loan secured hereby. a I Mortgagee shaii from time to ±~me norify mor~gagor in writ:ng of the amount due artd payable hereunder and such sum sh,ll thereupon be due and E , avable on the due aate of the next monthty paymem and each successive mo~th ~hereafter uctil mortgagee shall not~fy mortgagor of a change in suth ! ,-•,ount. Such sums sFa;i be ap~!~ed by mortgag.~ •owa~d ~he payment of real propeny taxes, insura:xe prem:ums, and mortgage guaranty msurance ,~•emiums. ~ IN Y11iNE55 WHEREOF, ~he sa~d MORTGAGOR has hereu~to set his ha„d and seai fhe day and year first aforesaid. Si ned, Sealed and delivered in the presence of: ~ _ Ker~neth . S1r r ng ~a~~ ~ vs!,~~' ~2~-L-L~ (Sea!) ~ ~ ~ I,oretta Swearin en ~~a~~ ~ 9 (Seaq ~ SiATE OF FIORIDA ~ ~ouNrY oF St. Lucie ~ , ~ ~ : ~ Before me personally appeared Kenrteth R. Swearingen and L.oretta T• $Nearingen his wife, to me well known and known to me to be - ~ th.~ individuats described in and who ezec~ted the foregoing instrumeM, and acknowledged before me thal they executed the same fw the purposes ~ rhe.ein expr.ssed. And the said-- ~Yetta T. S~?earingen ; Kenneth R. Swear ingen upon a se arate and rivate r.~fe of the said P P Fxam~nat~on by me taken separate and apa~t from her said hvsband, acknowledged to and before me that she executed said iastrument freely and volun- ~ ra:~ly and wlthout al+r com~;sion, constroim, epprehens~on or fear of w from her said husband. ~ WITNES~'my hand and. off~ua! sea! th~a_ _ 8t~ _ day of 'J~e A_ D. 19 73 ~ ~ ~ ~ ~ Notary Public in and ior e State of Florida at large ._i ~ \ ~ My Commission expires: ~ ' • iOt ~ • ' First Fideral. SaJings 3 Loaw ~ys~c:al~on 'Qf•~~t~~:erce. : Notory PubGt. State of Florida o1 lar~ t~~ fart. P~uce. Florida • Mr Comm~ssio~ E~M~ 1~76 . - p~,..3zd bY Amer~mn Fin 6 Cos~ofty Co. ~ _...i1. - . ~ • ~i~ED r. :.c ~..~;oEo This Instrument Prepared By J, H. RobeZtS~Jl. ST.L~,CI: ''s;;N7T fL~4. ~ ~ First Federal Savings 8 Loan Associat~on F.~~,: '~PAS ~ of Fort Pierce r Rlor ida p Ct= :;.oURT ~ Trn:: . ~r Checked By !3~- ~ - .~w ~3 9 ~i t~ T3 ~ ~3 I~~ V VO ~ S~QK 2~.5 ~A~E ?37 _ , ~ ~ - _ _ - - _ _ ~ - " ~ _ ~ _ ~ _ - ~ - - x . ~ . . : _ ~