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Home My WebLink About3733 3. To piace and conrinuo~sly keep on fhe bui:d~ngs now oi hereafier a~~uate o~ said tand and on alf eq~ipment and personally covered by th;s mor~g- ege, wifh al) premiuml Ihereon pa d in full, fire ins~rance in Ihe usual standard pollty form, in a sum approved by tha MOR~GAGEE, and windalorm insuronte Sn tha usual sfanda~d-pot:~y' oT"rTti-in ~ sum approved by the MORTGAGEE, in such co~npany or compan~rs as fhe MORTGAGEE may dirett; and all fire and w~ndstorm insurante po~~ties on any of sa~d build~ngs, any interei~ therr~n or pa+t thereof, in the aggregate sum afo~esaid ot in excess thereof, ~hall :ontain fhe usuai standard mwtgapee clause w such oiher clause as the Mo«gagee may re~~u~re. maA~ng the ioss u~~de~ sa~d po~i- cies, eath and every, payabfe ?o said AIORTGAGfE as its interatt may appear, and each and every wth pu~~cy shall be promptiy ass gnrd a~~d del~vared ~o any hetd by said MORiGAGEE as fu~~her security to said mo~tgage drb~, and, not less than ten (10) days in ad•:ance o4 the expnat~o~ of each po~Ky, to da- ~rver to said MORTGAGEE a renewal thereof, toge~her wi~h a recelpt Iw Uro prem~um oi such renewal; and ~here shail be no f~re or w~~~duorm i~,su~ance placed on any of sa~d buitd~ngs, any ~nterest there~n w part thereof, unless in the fo~m and wi+h ~he Ioss payeble as aforesa~d; and in ~he eve~1 any sum ot money become~ payab:e unde~ wch polity w po~~cies said MORTGAGEE shall have ~he ophon to rece~ve and apply the same on ac.ou~v of the uxlrbted- ness secured hereby w to perm~l sa~d MORTGAGORS to recrive ar.d use it o? any pa~1 ehereof fo. o:~~~~~ pu~; os<~s, v.;ii,;,;t th_•~ui .v..~~ o~ ~~••v~~~- ing any equ~ty, !ie~ or r~ght undzr a by virrue of this mo~'gage; and in fhe eveni sa~d MORTGAGORS shall fcr any reaso~ fail to keep the sa~d p~em~s:a so insured, w fail to driive~ promptly a~y of said po~icies of insurance to sa:d MORTGAGEE, or fail prompt~y to pay fu~ty any p~e~n~~~n there+or or in a~y respect lail to oerform, d~scharge, eaecute, effect, complete, comply with and ab~de by th+s covenant, o~ any part ha~eoi, sa~d MGRTGAGEE may place a~~c pay fw such inavrance or any part thrreof without waiving or af(ecling any option, lien, equ~ty, or riqhf u~der o~ by v~rtue of this Alortgage, and the fu~l amount o( each and every such payment shalt be immcd~arely due and payable and shall bear in~erest from ~he date thereof un~il pa~d a~ the ra~e ol n~ne per centum pe~ annum and to~a~her wi~h such iroerest shali be secured by the lien of this mwtgage. I. To permit, commit w suffer no waste, impairment o~ deterioration of said property w a~y part thereof. S. To pay all and singular the costs, charges and ezpenses, including a reasonable attorney's fee and costs of abst.acts of tiete, incurred o~ pa~d a~ any ti~ne by said MORiGAG:E, because or in the event oi the failure on ~he pan oi the said MORTGAGOR io du~y, p~omptly an~ fully perlosm, d~scha.ge. exec~te, e~fed, tomp:ete, comply w~th and ab;de by each and every the stipulat~ons, agreements, conditions, and covenants of sa~d promissory ne~e and th~s mortgage any or e~~her, and sa~d costs, charge~ and expenses, each and every, shall be immetliately due and payable; whether o~ not thrre be no~~ce d~ manc, atsempt to collect or suit pend~ng; artd the full amount of each and every such payment shall bear imeres~ from the date thereof until paid at ~he r.,te oF nine per centum per annu:n; and all said costs, cl~arges a:~d e:pensea inturred w paid, ~o~ether ~v~th such in~eresL shall be secured by the I~en of th~i mortgage. 6. Thal (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in ~he event any of said fums of money herein ?eferred to be not promptly and fully paid w~~hin th,~ty ~30) days nex~ airer the same seve~a!ly become due and payable, witnout demand or nofice. or (c) in the eveM each and every the stipu~auons, agreements, cond~tions and covenams of sa.d promiasory note and th~s mortgage any or either a~e not ~uly, p~anptly ared fully performed, d~schaiged, e:ecuted, effected, compteted, comp:~ed •Nrth and a6~ded Sy, then in e~~her or any such e~ent the sa~d ag gregate sum mentioned in said pro~n~ssory nute then remain:ng unpaid, with ir~rerest a:cr~ed, and a~l mo~eys secured hereby, shall become d~e and pay- ao:e torthwith, or thereafter, at the oprion of sa~d MORTGAGEE, as fuily and comple~e:y as if al! of rhe sa~d sums of money were or~g~naily st~pu:ated to be paid on such doy, anything in sa.d promissory note or in this hlortgage to the co~trary not.vithstanding: and thereupon or thereafte~ at the option of sa~d MORTGAGEE, witheut notice o~ demand, suit ai law or in equity, there(o~e or thereafrer begun, may be prosecuted as if all money secured hereby n~d matured pnw to its institut~on. 7. That in the event that at the beginning of or at a~y time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any c!aims he.eunder, said MORTGAGEE shall apply to the Co~rt having ~unsd:crion thereof ior the appomtment of a Receiver, such tour~ ahail fe,rthwith appoiM a receiver oi sa~d mortgaged prope~ty all and singular, includ~ng atl and s~nguia~ ihe income, prof~fs, ~swes and revenues from whatever sou~ce derived. each and every of wh~ch, it be~ng expressly unde~srood, is hereby morigaged as if speuf~ca!!y set forth and described in the g~anting and h.~bendum da~ses hereof, and such Receiver sha11 have a11 the b~oad and effecnve f~nct,ons and powers in anyw~:e enrrusted by a Co~~t ro a Recei~er, and s, ch appointmen~ shall oe made by such Covrt as an admitted equity and a matter of absoiute nght to sa]d NORTGAGEE, and wi~hout reterence to the adequaty or inadequacy of the value of the property mongaged or to the so,vency or msolventy of said MORTGAGOR a the defe~,da~ts, and thut wch ren~s, prof~ts, income, issues and revenues shall be appl~ed by such Receiver atcord~ng to the iien or equity of said MORTGAGEE and the practice of such Court. 8. Tu duSy, prompt!y and fully perform, discharge, execute, effect, compfete, comply with and abide by each and every the stipuiations, agreements, conditions and covenants ~n sa~d prom;ssory note and fh,s mortgage set forth. 9. That in the event the owr.ership of the mortgaged pren,ises, or any part thereof, becomes vested in a person other than the MOR7GAGOR, the .',ORiGAGEE, its successws and ass~gns, may, wi~hout no~ice to the ASORTGAOR, deat with such successor w svccessor in ~nterest with reference to this r. ortgage and the debt hereby setured in the same mar.ner as with htiorrgagor without in any way vit:ating or dacha~ging the Mortgagori Iiability here- ~rder or upon tbe debt hereby secured. No sale of the premise~ hereby ~nortgaged and no iorbearance oq the part of the IAORTGAGEE or its s~ccessors o~ ass~gns and no extens~on of the ti~~e fw the payment of the debt hereby sec~red given by the r~ORTGAGEE or its successcrs w ass:gns, a~iall operate to re!ease, d~schar~e, modify change or affect the original Iiao~Gty of tha MORTGAGOR Fxrein, either in whole or in part. 10. It is speufically ag.eed ~hat time is of the essence of this contract and that no waiver of any ob:igat~on hereunder or of the obtigation se- cured hereby iha!i as any time thereafter be he~d to be a waiYer of the te:ms hereof w ol the insTrument secu~ed he~by. I l. In add•~~o-, to the Soreqo ~i9 month!y payments of prinCpa! and inrerest requ:red by the prom ssory no~e sacured hereby, mortgag~r covenants ~•~d agrees to pay to mortgagee wirh each monrh!y pay~,~em an add~+;onal sum es~ n:ared by morrgagee to be eq~~al to 1, 12 of the anr~ual cost of the foilow- ,:,y: A-All real propcrty 7axes levied or assessed against thc above described real estate. B-P~erniums on fire and windstorm ~nsurar.ce as here+n requ~red to be carr~rd on the +mprovzme~ts situate on the above desc~~bed premises. C-Premwms on such mongage guaranty ir.surar:ce as mor~gagee shall fro~r. tme ro time deem fit to carry on the toan sec~red hereby. Mo~tgagee shail 'ro~n ri~ne to time not~fy morty-agor ~n wr;ring of the ar.,ou•~t due and payable hereunder and s~ch surn shall thereupon be due ana ; ayable on the due date of the ~~ext momh:y payment and each wccessive month thereafter ur.til mcrtgagee shalt not~fy mortgagor of a change ia such :•,ount. Such sums shail be applied by mor;gagee toward rhe payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance i ,+~emiumi. IN WITNESS ~VHEREOF, the sa~d MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid. i ~ f Signed, Sealed and da#f~eted i''the pre:e~ce of: ~ ~ ~ , Seal) ` Charles H. Ka Sr. ~~ai~ ~ _ ' / ~ (Seaq ~ LC.~ ~ lSlLSL-a-t ' ~e`~. (Seaq ~ i e . a ~ STATE OF FLORIDA ~ ~ St . Luc ie ~ ~.7UNTY OF ~ ~ Before me personally appeared C~ = le S H. Kapp , S r. and ~ ~llle B. Kapp h~s wife, to me well known and known to me to be ~ tha individuals described in and who executed the foregcri instrumeM, and acknowtedged before me that they e~cecuted the same for the purposes rherein expresxd. And the said- Oll le B. Kapp r~~fe of the :a~d - Charles H. Kd~. $I. , opo~i.a~slpawtf •ns! p?ivate ~ e.amination by me ta4en separate and apart from her said husband, ackrw~wledged ro and before me that she e:ecuted said'~strument frBefjl~ ar)d-volun- ~ ra~,iy and w:thout any comp~tsion, constraim, apprehen ;qr~ w fear of or from her d husband. L~.~~~; i~ fh ember ~ WITNESS my hand and offic~al seal this J day of •A. D._~19~~ ~ ~ ' / - tary Pub!ic in an f the St ty~ bf F~orida at large - f~': My Commission expir~s: ` ~ 4 , • i~' Return To: ~a ~ j 3~%7 ~ ;L ` S~ Fint Federal Savings 3 Loan Associatior :r i ti .,.-'r~. Of Fort P erce. tiC ~o ~n ~ • ~ . ~ ~ - Fort Pi~'rte, FIor:J3 <T OfOC~/^~ ~ ' ~ - :~k' o ~ T o ME ~ y~q ~p~ ~ ~ _ ~ - f . : ~ ~ r P-~ ~ ~'t/E , - - ~ ~E Rr ':CZj, s sw This lnstrument Prepared By -Joht. T~MRip~ 244106 First Federal Savings & Loan Association . ' ~ ~ - of Fort Pierce , Florida f~-~~ iIEDAMDk:~ R~E ' ~ 3 ~ ~uc~E ~ouK~ir Ft~i. 0 / aocER QoiTa~s ~ ~k Checked By ~ CIERK C~~.GUIT COURT ~ REC4RQ YER?fIEO~ O~c 11 12 i4 PM'7Z ~ $eoK ~09 PacE 7~ _ ~v ~ . " ~~-:~.~,~a.~...~ `r