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S. To plac~ and oontkwiously kNp on tM buildinqs ~ww w 1+e~eaftN situ~t~ on said land ~nd on ~11 puipn~nl and pawnally oownd b1r thit morq~
p~, with all pnmivms tlwreon paid in full, (i?~ insuranc~ in tM ~sual st~ndard policy form, in ~ swn +pprowd by tln 1NORiGAGEE. ~+d windstorm
kuwana in tM uswl tundard pol~cy fam, in a sum approv~d by the MORTGAGEE, in wch companY o~ canp+~a as iM MORTW?GEE in+y
dinctJ u~d d) fit~ ai+d wi~tonn ie~wruK~ policies on ~ny of aid buildinps, ~ny inMrtst Ihtrein w put the~eo(, in th~ py~ep~q ivm ~fortsaid a
In ~xcwt t1~wf, sMll cont~in tM vtwl standud morr9agee cl~u~ or such o~her clause ai tM Mat9~ea may rp~ir~. makinp tM bss a~d pd}
c;a. each Md ~wry. paYabl~ a said MORTGAGEE as in inre~e~~ m+y ~ppea~, and each and ~very iuch policy shall b~ p~anptly ~ss:~ned u+d d~livK~d ro
~y h~ld by wid MORTGAGEE ~s fwths~ secwiry ro said morrysye debt. and. not leu tMo ~en p0) days in adv+nc~ of ~1+~ ~xpir~t+a? of each policy. to dr
tiwr to s~id MORTGAGEE ~~~newal thereof, fopaMr wi~h a receipt fw the p~amium oi iuch rsnewalj ~nd thet~ shsll b~ no fir~ w winds~am t~wr~e~c~
pl~ad on uiy of w~d bui~dinp~, ~ny Interest tlxrein or part thereof, unleu in ths form and with ths los~ p+v+bl~ ss afa~said; +nd in tM ~v~nt any swn
of nwMy bec,o„N~ paY~bl~ ~ndK such policy o? pel;cies iaid MORTGAGEE shs;: t4» c~e~on to receive and +pply the s+rnt o~ +tca+nt of tM ind~bted
n~ss a~cyr~d hM~py or w pamit ~aid MORTGAGORS to receiw ~nd use H or any pan ~hereof fo. othe~ purposes, w~~lw„f thaeb,r wai~inq a~mpai.-
ieq any puity. li~n or ripht unds~ a by vlnw of this mo:tpsQe; and in tM ~vent ~a~d MORTGAGORS shall Fa a~+y reason f~il to keep tM said p~~n~ses w ~
insu?~d, or bl) fo d~livK promptly sny of aid polities of inwrancs to said MORTGAGEE, or fait promptly to paY fully a~y premivm therefor p in any
r~ap~ct f~il b pwfomn, discMrp~, ~x~cut~, ~ffect, compl~te, comply wi~h u?d ~bid~ by this coven+nt, w any put Farwf, iaid MORTGAGEE m~y pl+u snd
paY for wch 6awano~ or u+y part thueof without waivinp or affectinp aay option, li~n. ~quity, a ~i~ht undK w by vi.tw oi ~his M«t~. ~nd tM
full s~now~t of ~sth ~d tv~ry wch payment shall b~ inwnedi+tely dw aad p~y+bl~ and shsll be~r interest fram tM d~t~ thereoi vntil paid ~1 tM rat~ o!
nirw per oa?tum pK ~~rwm a~d toyethar with wch interest thall be sccvred by the lien of this mort~aye.
1. To pKmit, commtt or wffa eo was1~. 4np+. snt a detcriw~tion of said property w ~ny psrt thereof.
5. To pay ~II ~nd sinpular tM cwts, clwrp~s and expenses, ie~cludi~p a reason~ble attaney i fee snd cosn of sbsn+c» of tiNe, incurr~d w paid N
~ny tim~ by i+id MORTGAGEE, b~ta~se w in tFw ~vtnt of the failwe on the pah of th~ said MORTGAGOR w duN. P~o^+Pty ~nd fully pKfwm, d~sch+rga
~xecvt~. ~ffed, aompl~~~ comply with and ~b+d~ by ~+ch ~~d every the itipulatioru. .greerr~enrs, cond~~~ons, ~nd ooverunn of s~id promissory ooq ~nd thu
mo?t~p~ ~ny w~ither. and said cwts, char~s and expenses, exh and ewry, shall be inunediately dve +nd p+yabla, wl?e~her a ~ot there r.otice d~
m~nd, ~tMmpt to collacl or wit pu?dinqt ~nd tM full ~mou~t of each ~nd ewry wch paymcn~ shall bea. int~rest from the date thereof ~ntil p~id ~t tht
rata of r~ln~ pa ct~tum per ~mwm; and all iaid cosn, chugq and expenset incv~red or paid, together with such intsrett, sh+ll bt secvr~d by tM li~n of ttw
'no~tp~•
6. ?Mt (a in tM ~wnt of any b~ad~ of thls 1Nortgap~ w dsfaulr on tM part of the MORTGAGOR, or (b) in tM weM anY of s~id swro of moewy
hetNn refMr~d to M no1 promptly and fvlly p~id within ti~irty (30) days next afte~ the same severally betan~ due and payable, withoul dema~ O? ~wtiCe.
w(t~ In th~ ~wnt Nch snd ~very the stipulations, agreemenri, conditions snd coven~nts of ss~d promiz~ory note ~nd th~s mortpap~ snr or Nther ar~ nol
iuly. prompty and fully pafwmd. d'acA+r~ed, ezecuted. ~ffected. completed, compl~ed with aed abided ~iy, th~n in ~~ther or ~o1r socA wen~ tM said ao-
pr~pat~ wm mN?tioeMd in qid promiswry not~ the~ remsining unpaid. with interesl acuved, and a11 moneys s~cwed hereby, shall betom~ dw and pay~
•bl~ fwthwith,, M fMfNffK, at th~ option of said MORTGAGEE, ~s fully ~nd compleiely ~i if all of the said swea of nwney were wipinally stipulated
to b~ paid on wch day, anyrhtnp tn s.~d p.om~ss«y ~+oro or in tha Mortgage to the contrsry no~withstsnd~n~; and tharwpon a th~veafter at tM optio~ of
uid MORTGACsEE. without notic~ or dem~nd, wit ~t law or ia equity, 1F~l~lfOtQ O? tMl~NhH begun, nwr be pro~ecuted ~s if ~II ~no~eys securd hsr~by
htd nNhM~d ptiOt to in inttitufiOn.
7, Th~t In fh~ ~vent that at tM beg'~nninp of or ~t ~ny time pendiny any tuit upon ~his Mo.tg~ge, or to fw~clos~ it, w ro roform if, a to ~nfora
paym~nf of any d~ims h~rwnd~r, said MORTCsAGEE shall spply to the Coun havi~g jurisdkfan thereaf fw ths appoiotment of • R«eiv~ Court sh~ll
fathwith ~ppoint a nceiwr of sai~ matyayed property sll and iugular, includmg all and singula? the incomt, profits, iuuet and r~wn from whatwtr
wurq d~riwd, sxA and ~wry o# which, it b~inp expressly understood, is hcreby mortgaged as if spec~fic~lly sct fwth andC~ewibed in yr~nti ~
hab~ndum ttawes Mteof, and such Ret~iver shall Mve ~II the brosd and effMive functions and powert in anywise entru~t • Cou~f Reuiv
wch appointment shall b~ mad~ by such Caxt u an ~dmitted equity and a m+tter of absolute right ro s+id MORTGAGEE, itAou f
adpuacy a in~d~qu~cy of the v~lw of tl+e property mwtyaped or to the sosvency or ~nsolvency of ~aid MORiGAGOR a enda and t
rentt, profits, Incotm, issws ~nd t~venuts sh~ll be applied by suth Reteiver atcording to the lien w equiry of qid MOR1 th~ prattiu
c«,~. ~ .a ~mi
8. To duly. promptly u~d (vlly perfam, d'acharge. execute, effect, complets, comply with snd abide by sach and we~~~'A+l+tiw+s. ~DrG1~~P
conditions and covenants in s~id prombsory note and th~s mongage set forth. ' C04I
9. Thaf in ths wenf fhe ownership of tM rnatgaged p?emises, w sny p~A thereof, becanes vesfad in • perwn othwl ~GA
MORTGAGEE, in watuon and ~ui~ns, m+y, without notice to the MORTGAOR, deal w~th such sucussor w w~twssor in ' ~Ivith r~fer
mort~ap~ and tlw debt hertby secvred in tM same m~nner as with Nb?tgsgw without in ~~y way vitiatiny or diuMr~inp pa~d~ li~bil~
under or upon the d~bt h~r~by secvred. No sale of the premixs i~ereby mortgaged and no forbcarance on tht part of t TGAGEE p ita si~
a aaipns and no ex~ension of the time fw the payrrKnt of the debt hereby secured y~ven by the MORTGAGEE or its ~ or ~sf~s, shal
ro r~ltat~, di~rye, modify ch~np~ or sffect the wiginal liability of the MORTGAGOR herein, either in wholt or in pi?t.-1 ~ p
10. h b ~pecifically ~reed tMat time b of the essence of th~s contrsct and that ra weiver of any obl'patan hare~rnder h~ oblipation t~-
wnd Mrtby shail as say t~+e shereafier be held to be a waiver of the tem~s hereof a of the instrument tecw~d herby.
11. In sddition to fhe forego:ng rna+thly payments of princ'pal arx! imerest required by the promcuwy note setured hereby, covtn+nri
and prks to p~y to monypee with each monthly payment an add~rional sum estimated by mo?tgayee to be equal W 1/12 of the annual of ths follow-
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iny:
A-All real property tazes kvied a assessed against the above dexribed real estate.
S-P~emiums pt fir~ and windstorm insurante ai herein requ~red to be urried on the improvtmeeb situate o~ the ~bove dewibed premises.
C-Premiums on svch mwfga~~ ywranty insurance as mortgagee shall from t~me to time deem fit to urry on the loan secured hereby.
I~ Mpfyagee shsll from tirt?e to time notify mortgagor in writing of the amount due and payeble hereunder snd such wm shall thereupon bs dw ~nd
pay+We o~ the due date of th~ nexf monthly payment and each successive month thereafter ur.til rtwrtgsgee shall notify mo~tgagw of a chany~ In ~od~•~~f,
amount. Such sums shall b~ applied by mwtgagee toward the payment of reel property ::xes, insurance prea+:ums, and mortyaps pwradjr
premiwru. ' ~~„l,~1:.'
WITNESS , the said MORTGAGOR has hereunto set ha hand snd seal the day and yesr fi afwessid. •~~`'n~,. ~
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bd nd li ~ in tM'resenc~ of:
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STATE OF FLORIDA COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on ihis 4'1~ day of ~ c To 3 6~ , A.D: 1~
before me personally appeared llv Hall and
respectively President and 3ec~etary , of
Kell4 Construction Company , a Florida Corporation, to me
known to be the persons desuibed in and who executed the foregoing instrument, and severally atknow~edged_ the exe-
cution thereof to be their free act and deed as such officers for the uses and purposes therein m~ntiprledl;'fiiid.~liat.they
affixed thereto the official seal of said oorporation, and the said instrument is the act and deed= .6f .•3aid aorpo~ation, :
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WITNESS my hazd and official seal at Fort Pierce , said ty and state. ~ :
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Return To Nota Public, in and for State and Cour~ty.aforesaid...~ ~
First Federal Saving & LAan A~sn. mission Expires:
NOTARI/ pUBUC. STA oi FLORI
Of FQf~ QI~~ ~ ~1f ~pllMiSSION D(PIRES APR. 24, 1969
r soac156 ~cE 200 i"
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