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Home My WebLink About1263 9. To place ~nd continuoua:; keep on ~he bv~!dings now w hereafte? s~tuats on sa~d Is~d and on all equ~pment ~nd personally covKed by thii mort9- •y~, w~th all prcmiu~ thereon pa:d in full, f~re insuronce In ~he usual s~andard po~icy form, w+ a sum approved by Ihe MORTGAGFE, and windstorm insu~anct in 1M usu~l ~tandard po~~ty iorm, in i sum approved by the MORTGAGEE, in such tompany o~ tompanies af the MORTGAGEE may dirad; and sll fire and N~nds~orm insurance po~rc~es on any o( sa~d bu~ldtng~, ~ny imerest there~n or part thereof, i~ ~he sggregate sum afaes~id o~ in ~xceu 1he~eof, tMll contain 1F+e usual itandard mortgagee clauu o~ such other clause ai 1M Mwtyages may requirs, malin~ the loss under iaid poli- ci~~, each ~nd avery, p~yab~e to said MORTGAGEE as its intcreat may appcar, and each and eve~y such po!icy shall be promptly ass gncd and detivered to ~ny held by sua MORTGAGEE ~i iurther security to uid mortgage debt, and, no~ less than ten (10) dsys in advance of the e~pirat~on of each pol+cy, to da IivN to u~d MC`RTGAGEE a renewal thereof, toge~F+¢r with a rece~pt for the prcmivm of such renewal; and there shall be no f~re or windsto~m insurance pl~ced o~ any ~f iaid build~ngs, any intere~t tF+ere~n w psrt thereof, unless in the fo~m'~nd with the loss payable as aforess~d; ind in the event any sum of money brcomes payable under such policy or polKies sai~+ MORTGAGEE shall have the opt~on to ~eceive and apply the same a? xcoum o~ ~he ~ndebted- rnss secv.ed he?eby a to p.-mit iaid MORTGAGORS 1o rcceive snd use it o~ any parl thercol for o~hc~ purposes, ~v~~hout thrreb~ waivin~ a ~mpair- inp any puiy. IiM w right under or by virtue of this mo:!gage; and in the svent said MO~TGAGORS shall (or any reaso~ fail to kesp the said premius io insured, or iail to deliver promp~ly any of said policies of insunnca to ssid MORTGAGEE, w fail promptly to pay fully any prem~um therefw w in ~ny respM f~il ro per(oren, discharqe, execute, effect, comple~e, compty with and abide by this covenant, w any par~ hereo(, sa~d MORTGAGEE may pi~ce a~d pay fa tucA insurance or any part thereof without walving w affec?iny any option, lien, equity, or ?ight undea a by virtue of this Mwtgage, and the full smount of each and every suci~ payment shall be immediately due and payable and shall bear interes~ from tM date thereof vntil paid a1 tM ratt ol nine pe~ tentum per annum and to~Nher with suc~ interest shall be secured by the lien of this mortgage. 1. To permit, commit or suffer no waate, imp~irrtunt a deter'aration of isid property w any parl thereof. 5. To pay all +nd ungulsr the <wts, charges snd expmus, ~nclue+:~g a reasonabte attorney's fee and costs of sbstracts of t~tte, incv~red a pa~d at ~ny time by uid MORTGAGf~. because cr in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perfam, diuharge, txecute, ~f(ect, compkte, comply wi~h and ab:de by esch and every tFK stipulat~ons, agreements, conditions, ~nd covenants of said promisw~y note and this mwtgage any w ei~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether w not tFure be notice de~ msnd, attempt to totlect u suit pending; and the f~~l srtaum of each and every such payment shall bea. interes~ from Ihe date Ihereof until paid af the ratc o! nine per centum per annum; snd all said costs, charges and expenses incurred w paid, together w~th such interest, ~h~ll be tecured by the lien of th~i mortysgt. 0, Th~t (a) in the evem of any breach of this Mortgage or defaull on the part of the MORTGAGOR, or (b) in the event any of sa3d sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severafly become due and payable, wilhout demand or notice, or in the event exh ~nd every ?he stipulationz, sgreements, cond~tions and covenar.ts of ss~d promissory note and th~s mortgage ~ny o~ e~~lxr are nol _ ~,ly, promptly and fully perfwmed, d~schsrged, execu~eJ, effected, completed, compl~ed w~th and abided Sy, then in either or any such eve~t tF~e said eg pregaic wm mcntaned in said premiuoty note then remaining unpaid, with interest acuued, aod all moneys secured hereby, shall become due :nd psy~ able fwthwith, w thereafter, at tl+e opt~on of sa~d MORTGAGEE, as fully and completely as ii all of ~he said sums ol mo~ey were aiginally aNputated to be pa~d a? such day, anything in sa:d promiuory note or in this Mortgage to the contrary ~otwi~hstand~ng; and thcreupo~ a thereafte+ at the option of taid MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereaiter begun, may be prosecuted as if all moneys seturet~ hereby ~ had matured pnw to irs institurwa. ' 7. That ~n the event that at the beginnirg of w at any time pending soy suit upon this Mortgage, a to ioretlox it, w to refwm it, or to enforte psyment of ~ny claims hereunder, said MORTGAGEE shall apply to the Court havir+g jurisd+ction thereoi fa the appo~ntment of a Receiver, such Court shall fwtFiwith appoint a receiver of said mortgaged ptoperty all and sirgular, includ~ng atl a~d singular the income, profits, issues and revenues from whatever tourte derived. ~ach and every of which, it being expreuly understood, is hereby mortgaged as if spec~fically set falh and described in the g~snting and habendvm cla~ses hereof, and such Receiver shall have all ~he broad and effecrive ~~nct~ons and powers in anywise entrusted by s Cour1 to a Rc~ceiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, ~nd without ?eference to the adequaty or insdequacy of the vslue of the property mortgaged w to the soivency w insolvency of said MORiGAGOR or the defendants, and that such rents, profits, income, issuss and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORIGAGEE and the practice of such Courf. 8. To duly, promptly and fully perform, d~scMrge, execute, efFect, complete, comply with snd abide by each and every the atipulations, agreements, cond~tans and covenants ~n sa:d praTissay note and th~s mortgage xt fwth. 9. That in the event the ownersh7p of tlx mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and asi~gns, may, wirhout notice to the MORTGAOR, deal with such successw w wccessor in interest wi~h ~efere~ce to this mortgige snd the debt hereby secured in the same manner as with 1Jbrtgagw without in any way vit~ating or d~scharging the /Jbrtgagors' liabit~ty hcre~ under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no fwbearance on the part of the MORTGAGEE w its successors or assigns and no extension of the time for the payment of the dcbt hereby secured g~ve~ by the MORTGAGEE or its successws or assigns, ahalt operate fo releax, discharye, modify thange or affect the original liab~l~ty of the MORTGAGOR herein, either in whole w in part. 10_ It is spec~ficatly agreed that time is of the esunce of this co~tracr and that no waiver of any obligat~on hereunder w of the obligatan sr a,red hereby shall at aoy time thereaftn be held to be s waiver of ~he terms F+~reof or of the instrumem secured herby. I1. In add~tion to the forego:ng monthly payments of princ'p~1 and interest required by the prom~swry nore sec~red hereby, mortgagor covenants and sgrees to pay to mortgagee with each monthly payma~t an add~rional sum estimared by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agaiost the above described real estate. B-Premiums o~ fire and windstorm insvrance as herein requ~red to be carried on the ~mproveme~ts situate on the above described premises. C-Premivms on such mortgage guaranty insvraoce as mortgagee shall 6om t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall irom time to t~me notify mortgagor in writing of the amount due and payable hereunder .~nd such sum shall thereupqn bq,due and payable on the due date of the neat mo~th~y payment and each successive month thereafter uatil mortgagee shall notify mortgagor ~`a~'~F~r~ge.~n`~1qSh amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurarue prem:ums, and morfgagr'gua}a1N~~~~r~pE6~ prtmiums. ~ ~C.' i•' t iD ~ = IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a e firsl aiorasaid. ' = ned, $eated and detivered t~ of: ONST T~ ' ~g ~ ~ Y'Q;g e~ , _ ~ _ - - • - c. .~•1' • ~ - . - - • / 1 f ~ . ' ' ' _ . _ . _ ~ ` _ _ _ " 't ~ _ _ . ; STATE OF FLORIDA COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on thi day of - March , q,p, ~q 66, befo~a me personally appeared Ke lly H811 X~~ respectiveiy a s President ~ , of Kellv :onstruction Compan,y , a Florida Corporatton, to me known to be the persans dexribed in and who executed the foregoing instrument, and severall3i.a~~virlei~ed t~.exe- cution therecf to be their free ad and deed as such officers for the uses and purposes therein:menMcnled; aix~>~that tt~ey - ~ ; affixec! :tiereto the officia) seal of said o~rporation, and the said instrument is the act and deed of -saitl-~ co~poroti~n. S t . Lucie Flori . ~ = WITNESS my hand and official seal at Fort Pierce , said oounty and state:. - , . ; •'\`y FILE ~ND RECORDE00K Notary Public, in and for State and County aforesaid. • ~N_ i~[~T t' AAr COn+m~ssion Expires: Netary ~I~. S~it! O! ~Idi ti~l~.t~7~ _ . _ G - ' Mp C~awMSSiM E:pia Sept. 23, 196! ~ a PM 3' 4 9 . . b.~.., ~,..h, +E6 Nl~t ~ 1 • , - - 1 ~ ; ~ _ . ~ - , - t _ _._~,c r,~.ERK ~ - ':ti =?sy~~`L~.. • v ` - ' " ~ #..c ~ r ~ izv~ ' 11 ti , . . ' • v ~ " , • S~. ! l;G~:. .,:;J~:~i ~ rLOr~1UA - - BOOK O _ ~ ° R~1~1 E ~,F,, ~ . _ . : , R..,_ . . - . _