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Home My WebLink About1265 i 1 3. To plac~ and con~inuous~Y keep on the bui!d~ngs now w here~Fte~ ~~tv+~e on sa~d land and o+~ all equ~pment snd person+tly covaed by thi~ mat~ p~, with all premivntif Ihereon pa~d in tull, fire insurence ~:n 1he usual standard policy form, rn a sum ~pproved by the MORiGAGEE, u+d wind~twm insu~anc~ in tM usual irandard pol~cy fum, in • sum spproved by ~he MORTGAGEE, in sirch company or compan~es as th~ MORTGAGEE may duacr; +nd all fir~ and w~ndsiorm insurance po~~cies on any of sa~d build~ngi, +ny interest therei~ or pa~t thcreof, in tM +ggregat~ ~um ~fw~iaid or In ~atess Ihereof, ~hall contain ~hs usual standa~d mortgsgee clause or such o~her clsuse +i tF?t Morlgsgee msy reqv~re, m~kin~ ~he loss unde~ sa~d po~~ ti~s, e+ch afld QVN~/, payabls to said MORTGAGEE as its interest may +ppea?. and esch and every aucA po~~cY shall be promptly sss.yned +nd deiivered to ~ny held by t~id MORTGAGEE as furthe? seturity to said mutyage debt, snd, not less tM~ ten (10) days in advance of the expiration ot e+ch policy, to de- live? to isid MORTGAGEE a renewal the~eof, togelhsr with a receipt fw the p~emium of suth renewal; snd there shall be no iire o~ windsto*m insurs~te pl~ced on ~ny of satd bvitd~ng~, any inte~est therein a part ~he~eof, vnless i~ fhe forni and wi~h the loss payable as aforesaid; and in the eve~t any :um of mon~y becomes paYable under :uch policy w poticies said MORTGAGEE ~hall havs ~he option to receive and apply the same on accovnt o1 ~he indabted- nets tecur~d F~ertby w ro perm~t sald MORTGAGORS ro receive snd ux it a any part tiwreof for othe~ purposes, w~~hout th_reb~ wat,~i~~g or m,pair- iny any pu;ty, I;cn w righl unda a by virtue of this ma:tgage; and in the event said MORTGAGORS shall to? any reason fail to keep the aaid premius so insvred, w fail to deliver prompllY snY of said policies of inaurs~+rs 1o said MORTGAGEE, or tail promptly to pay fully any premium therefor w in a~y resped fail to perform, d~scharge, eaecute, e(feci, complete, comp~y with and ab~de by thii covenanl, a any part hereof, said MOR7GAGEE may place and pay fw such insurancs or +ny part tAe~eof w~thout watv~~g a ~ffedirg any option, lien. equ~ty. a right under w by virtw of ~h~s Morfyaqe. ~nd the full amounl of cach and eve~y s_~ch payment sh~ll be immedi~tely dw +nd p+Yabte ~nd shall bear inurest from the date thereof until paid at tM rate of nine pe~ centum per annum and to~ether with sucA iNerest shall be secured by the lien of this mortgsge. 1. To pe~mit, commit w suffer no waste, impairrtKnt or dNerioration of said propcrty w+nY Pu1 t!?ereof. S. To pay all and sirgutar the.costs, charges snd expenses, incluc':-~g a reaso~able attorney i fee snd costs of abstrscts of t~tle, incurred or pa~d at ar?y time by said MORiGAGfE, because or in the evenf of the fsilure on ~he p+rt of the s~id MORTGAGOR to duly, promptly ~nd fully perfwm, d~xhargR execute, eifect, compfete, comply w~th and abide by each and every the stipula?ions, agreements, conditions, and covenann of said promissory note and this mwtgage any w e~~her. and sa~d cosn, charges ar+d eapenses, each and every, sMll be immcd~ately due and payable: whether w not there be notice d~ m~nd, ~ttempt to coltect a svit pending; a~d the full amounf of esch snd every suth psyment shall bear iNerest from ehe date thereof unlil paid at the rate of nine per crntum per a~inum; arw all said costs, charges and expenscs incurred or paid, together with such interest, shall be secured by tM lien of thu mortysge. 0. Th~l (a) in the event of any breach of fhis Mo?tgage w deiault on the part of the MORTGAGOR, or (b) in the event ~ny of u~d sums of mo~+ey ~ lxrein refared to be not promptly snd fully paid within th~rty (30) days ~rxt after the same severally become due and payable, without demand w notice. ~ or (c) in the event each and every ~he stipulations, sgreemeMS, ca+ditions and coven+nts of sa~d p?omiswry note and th~s mwtgage any w either are not *rly, prompHy ~nd fully perfcvmed. d~scharged, executed, eifected. ta+~pleted. complied with and abided `~y, then i~ either w sny such eveM ~Fa said ag- pregate sum mentioned in said p?omissory note then ramaining unpaid, with imerest accrued, and all moneys secured hereby, shall become due and p~y- able futhwith, a thereafter, at ~he option of said MORTGAGEE, as (ully and complc~ely as if all of the sa7d wms of money were originally stipulated to be pald on svch day. anything in sa:d prom~ssay note or in this Mortgsge to the contrsry notwifhstand~ng; and ~hereupon w tFKreafter a1 the option o( said MORT6AGEE, w~~hout notice or demand, wit at iaw or in equity, therefote or thereafter uegun, may be proactuted u if sll moneys setured Frcreby had maturcd pnw to its i~stitution. 7. Thal in 1he eve~t that at the beginnirg of o~ at any time pending aoy su~t upon this Mwtgage, or to fpeclose it, or to reform it, or fo e~force payment ol any claims hereunder, said MORTG~?GfE shall apply to the Court havin9 lu~isd~ttion thereof fw the appo~ntmtnl of a Receiver, such Co~?t shall fatFiwith appoinf a receiver of said mwtgaged p~operty all and singular, includ~ng all snd singular the income, profits, issues +nd revenues irom whatever source derived, each and every of wh~ch, it beirg expreuiy understood, ia hcreby mortgaged as if spec~iically set forth and deuribed in the gran~ing a~+d habendum clauus hereof, and such Receiver shall have all the boad and cffective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, snd fuch appointment shall be made by such Cou?t as an admi~ted equity and a matrer of absolute right to said MORTGAGEE, and wi~hout reference to the adequscy or inadequacy of the value of the p~operty mwtgaged or to the sotve~cy or insolvency oi said MORiGAGOR or the defendants, and that such rents, p?ofits, income, iuves and revenues shall be applied by such ReceivH accordiny to the lien or equ~ty of said MORTGAGEE a~d the prauice of such Courf. 8. To duly, promptly and fully p~rform, diuhsrge, execute, effect, comp~efe, comply with and abide by each and every the stipulations, agreements, conditbra and covcnants in sa~d Flromisw?y note and th~s mortgage set forth_ 9. That in the event the ownership of the mortgaged premixs, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successora and assigns, may, wi~hout notice to the MORiGAOR, deal wi~h s~ch succeuw or successo~ in inferest with reference to this mortgage and the debt hereby secured in the same manntr as with Mortgagor withovt in a~y way vitiating q d~xhargirg the fJlwtgagors' liability herr under a upon the debt hereby setured. No sa~e of the premises hereby mortgaged and no (wbearar+ce on the part of the MORTGAGEE w its successors or assigns and no e:tens~on of the time for the payment o1 the dcbt hereby secured given by ~he MORTGAGEE or its successws or ass~gns, shall operate to release, discharge, modify chsnge w affect the original liability of the MORTGAGOR Ix~ein, either in whole w in part. 10. It is spec~fically agreed that time is of the essrnce of this contract and that no waiver of sny ob~igat~on hercunder w of the obligation sr a.red hereby shall at any time thereaher be held •o be a waivcr of the terms hcreof or of the insrrumeM secured herby. ~ 11. In add~tion to the fwego:ng monthly payments of princ'pDl and interest :equired by the prom~ssory no~e secured hereby, mortgagor tovenants and sgrees to pay to mortgagce with each month;y payment an add~rional sum esrima•ed by mortgagee to be equa~ to 1/12 of Ihe annual cost of the follow- iny: A-All real property taxes kvied or assessed agai~st thc above described real .•state. ''i B-Premiums on fire and windstorm insurance as herein requ~red to be wrried a the improvements situate on the above desaibed premises. C-Premi~ms on such mwtgage guaranty insurar.ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortqagor ~n writ~ng of the amount c'.ue and payable hereunder and suth sum shall thereupon be d~e and payable on the due date of the next monthl~ payment and each svccessive monrh thereafte. ur.fil mortqsger :hall not~fy mortgagor of a change in such amount. Such sums shali be apptied by mortgagee toward the payment of real proyerty taaes, i~surance prem: , a~x! mortga9e guaranty' inwrance ` premivms. .•,•;t: ~ ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day sed y r f' afweaaid.• t'~, ~-~w%~ ned, ,,+led and deliver d in e prese+~ce of: CONS t~1~3 ~ ' ' : ~ ~ . ~ " . " ' : ~t.. ' . a ' - r {r. - - -~i~~ _ STATE OF FLORIDA COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this 16th day of March , A.D. 19~~ before me personally appeared Kellv Hall aad ~iveh? President-a~d beeretar~r , of KELLY CONSTRUCTION COMPANY , a Florida Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowle~lged.the exe- . ~ . cution thereof to be their free ad and deed as such officers for the uses and purposes iherein mentioRad~anc~,thaf.i~iey affixed thereto the official ~eal of said corporation, and the said instrument is the act and deed;of yaid. Focporakon.~=: , WITNESS my hand and officia) seal at Fort Pierce , 'd oounty and state. . - . " - - F~ .AN EC Rg00K • Nota~ Public, in and fol Stat~d~C,o~u"n~j/'~a~qreseid.".•;;. N FWida IN ~ ,~•_liAy~otflTission Expires:~ Ca~aiissiM E~cpires Seq. 23. 9 9 ~~'lZ~~,,,~" - . : r- ~ • M~Nr b A.yr~ fb ~ C+w~r G. ~(tJ y 9 - •f,~ N~- ~ ~ PM 3 : . ~~i~'~.~ r~ EP.K - . .,.p.~ .OGt~ - ~OUS: i Y. ~ '~i+~L~? ST ~ ~ F LO Rt D A - + ' ' OR • ~ ~ BOOK ~ ~ - J ~ ~ : .:3_ ~ ~ ~ ~LT"W~~~~~