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To plan and continuously ke~p on ~M buitdiny~ now o? htrcaNer u~uaie on said Isnd and on ali equipmsnt ~nd ptrw+ully tovered by thi~ matg ~g~, wilh ~II prtmivms the~ton p+id in full, flre insurance i~ ~hs usual sundard policy fwm, in ~ sum approvtd by the MORjGAGEE, and windstwm 7nsuranq ln tM uswl s~u?dard policy fart?, in • sum +pproved by tM MORTGAGEE, in i~ch company a comp~nfes u tM MORTGAGEE m~y d~rectp ~nd all fu~ ~nd windstorm insuranc~ pol~ics on a~y of said buiid~ngi, any inte~est there~n or part lhereof, in th~ ~yyrep+t~ wm ~ta~aid or in ~xc~sf tl+tnof, sMll cont~in tM ~s~al itandard mortgagee cla~st w iuch o~her clause as the Ma~yagee may requ'u~, ma?in~ th~ lou u~ds~ aid polF c7e~, each ~nd ~vtry, payab~ ro aid MORTGAGEE as its inrerest may ~ppear, and each and every svch pol~cy shall br prompHy au gned and delivsred ~o eny Mld by s~id MORTGAGEE as fu~ther security to said mwtgsge debl, and, not less than ten (10) days in advance of the expiration of e~ch policy, to dr I~ver to wid MORTGAGEE • r~ntw~l th~rsof, ~op~~Mr wi~h a ~ete~pt fw the p~omium of such renewal; and there shall be no firs or winds~orm i~uuranc~ plsced on ~ny of said buildirga, any interest therein or psrt Ihereof, unless ~n the form and with IM lou payabte as atwessid; ~nd in tht eve~t any sum of mor»y becomq p~yabl~ unda such policy or policies iaid MORTGAGEE shall have the option ro receire and ~pply the same on accouM of 1he indebted- ~e~~ sfcwed htreby ot w patmit iaid MORTGAGORS to ~eceiva and use it ur any part ~hereal tor o:n~r purposes, +v+thout th:reb~ waivE.ig o~ ~mpain ing any puity, li~n or right u~der or by virtw of this mo:!gagr; and in the even~ w~d MORTGAGORS shall fo~ any reaio~ (ail to keep the iaid premises io insured, q f~il b deliver promptly ~ny of said policies of insurante fo said MORTGAGEE, or fail promptly to pay fully any premium lherefor w in ~nY reipect fail fo perforrq, diuharge, extcut~, etfact, canptete, comply with and abide by this cove~ant, or any parf hereof, said MORTGAGEE m+y pl~ce and pay for such imu~a~+ce or any part thereof w~thout waivin~ w affectinp any option, lien, eqviry, w right under w by virtw of this Mortpape. ~nd the full amouM of each and ~wry ~uch payment sh~lt be imm~di~tely dw and p+yable ~nd shall be+r interest from tM date thereof uotil paid at the rate ot n~ne pN ce~tum per annum ~nd together wi~h such ir.~_:est shatf be secured by the lien of ~h~s mortgsge. To pamit, tommit ot suffer no wiste, imp~irmeN or deter'autan of said property or any paA thereof. _ S. To pay ~II a~d sinpnlar tlk costs, cMrges ~nd expenses, ~ncluding a reaso~able snwney's fee and costs of abstracn of t~tle, inc~rred w paid ~t eny time by iaid MORTGAGEE, because a in the event of the failure on Ihe part of the sa~d MORTGAGOR to dvly, promptly ~nd fully perform, diuharge, :xec~t~, effect, oomplet~, comply wi~h and ~b~de by exh and every rhe sripulat~ons, agreemems, tonditions, and tovenanq of said p~omissory note and thi~ mortype any q either, and said tosts, charges and expenses, each and every, shall be immedia~ely dve and payeble; whciher w r?ot thtre be ~atice d~ m~nd, attempt to colletf o~ wit pendingt ~nd the fvll amount of each and every.such payment shall bea~ inte~est from the date thareof until paW at the rare of nine per ceetum per ~nnum; ~nd all said cosb, cF?argea and expenses incurred o~ paid, together w~th :uth inlerest, shall be sacured by the lien oi thu mortyap~. 6. Th~t in the event of any br~uh of this Mortgsye or defautt on the part of the MORTGAGOR, or (b) in the event any of said sums of monty herein refKred to be not promptly snd fully paid within thirty (30) days next after thc sart+e severally betome due a~d payable, without demand or notice, or (c) tn th~ ~wnt ~+ch ~nd every the stipulations, agreements, cond~tions and covensnts of sa~d promiuory note and th~s mortgaye any or ei~her ue not iu1y. proa~ptly and fully p~rfwmed, discharged. executed. eifected, completed, compGed with and abided by. tF?en in eitF~e? w any iuch ~wnt tiN s~id aq~ arrgat~ sam msotarwd in ssid promissory note then remaining unpaid, with inte~est accrucd, and all mor?eys secured. hereby, shatl become dw and p~y~ acle fathwith, O~ fMfNffN. ~t the option o( said MORiGAGEE, as fully and comple~ely as ii all of ihe said :vma of money were origin~tly ftipul~ted to be paid on i~ch day, anythinp in said promissory note w in this Mortgage to the contnry notwithst~ndiny; and therwpon w thereafter ~t the opYron of ~eid MORTGAGEE, wirhout norit~ or dtmand, suit et law or in equity, therefore or thereafrer begun, may b~ prwetut~d ss if all moneys satureJ hereby had matur~d prlor to its i~atifufion. 7. TMf (n tM ~venf 1Mt at the beginning of w st any time pending any suit ~pon this Mortgaye, w to foreclos~ if, w fo refwm tt, or to enforp payment of any daims Mreunder, s~id MORTGAGEE shsll apply to the Courl having jurisdiction thereoi iw tM ~ppo~ntment of i Receive?, such Court shall Forrhwith ~ppoint i r~ceiv~r of sa' mortpsged property all and sirgula., includ~ng all and siogula? fhe incom~, proiiti, iuuei ~nd revenues from whatev~r source derived, e~th ~nd ewry o~which, it being ew~uessly understood, is hereby mwtgaged as if speci(italty set fath ~nd dewibed in th6 pranting ~nd habendum cl~ush hxeof, ~nd such Receiwr shall have ~fl the broad and effecrive funcnon: and powers in anywise entrusted by ~ Court tp a Recciver, and ~uch sppoinfinent aMll be m~de by such Co~rt u an admitted equity and a matter of absolu~e right to said MORTGAGEE, and withoul referenc~ to tht edequacy or insdeqvaty of the v+lue of the property mortgaged or to the solvency or insotventy of said MORTGAGOR o. ~M defendann, and that tuch renq, profib, incarw, iuues ~nd revenues shall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the prattiu of tuch Court. 8. To duly, prompNy u~d fully perfo?m, discharye, execute, effect, complete, comply wi~h and abide by each ~nd ~very the ttipulatiau, agnemenb, conditans and covenann in said promissory note and th~s mortgage set fath. ~ 9. That in th~ event the ownership of the matgaged premius, w sny pan thereof, becomes vested in a person other th~n the MORTGAGOR, tM MORTGAGEE, its sucteuon and auipns, may, without notice to the MORTGAOR, deat with such s~ccessw a wtussor in interest with refer~nce to ihis mortgage and the deb~ Aereby ~ecured in the same mar~ne~ as with Mortgagor w~~hout in any way v~r~a~ing or d~uhar9ing the Mortyagors' IiabiGty her? under or upon fhe debt hereby secured. No sale of the prem~ses hereby mortgaged snd no forbearance on ~he pa.t o1 the MORTGAGEE w its suaessws or assigns a+~d no extensan of the time for the payment of the debt hereby secured given by tF?e MORTGAGEE or its succeuors or auigns, ~hall op~rat~ ro releast, dstharpe, rtwdily thsnge or sffecf fhe original liability of the MORTGAGOR herein, either in whole w in part. 10. (f is ~pecifically agreed that time is of the essence of this contract and that no waiver of •ny obligation hereunder or of the oblip~tion t~- cvred hereby shall ~t any tinte thereafte? be held to be a waiver oF the terms hcreof or of the instrument secured herby. 11. (n addition to the forego:ng monthly paym-nts of princ'pal and interest re~uired by the prom~ssory note secvred hereby, mortgsgor tov~nanri and agrees to p~y to mortg+gee with each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the fo~low- ing: A-Al) real property taxes kvied or aucssed agai~st the above described real estate. ~ B-Premiums on fire and windstwm insurance as here~n requ~red to be carried on the improveme~tt situate on the above described premitet. ; C-Premivms on suth mwtgage yvaranty insurance as mortgagee shall from time to time deem fit to cany on tFx losn secured hsreby. ~ ' Nbrt ee shall from time to time notif mort r in writi of the amount due and a able hereunder and such sum shall thereu ~ 9+9 Y 9~ ^9 P Y Po+~ b~ due and ~ Fzyaoie on tne uue oaie oi me nexi masiniy paymenf and eacn successive momn inereaiier uriii morigagee inaii noiiiy morigagw oi a c~[~e.,-u~,wc~ a~ount. Such sums shall be applied by morigagee toward the payment of real property taxes, insurance prtm.ums, and rtwrtpsge ~~?p~anty .ituujiA~`, promiums. ~ IN WITNESS WHEREOF, th~ said MORTGAGOR has hereunto set his hand and seal the day a~d year fint wesaid. ~ y•~~ ~ ' . ~d and ~Ilvered th~~'e~~xe of: ~ - _ _ ~ - ~'--f' _ KA n' . _ ~»,~2 ~ By: e a ~ . 4. . _ n. - - - - - _ ~ . ; • STATE OF FLORIDA ~ COUNTY OF ST. LUCIE ~ I HEREBY CERTiFY, That on this day of OCtOber . , A.D. 1Sb6 , before me personally appeared Kelly H811 respectively President ~f~ ~ '9e~eiarY , of Ksl ,y Construction Comvany ~ a Florida Corporation, ro me ~ known to be ihe persons described in and who executed the foregoing instrument, and severally acknowledged the exe- ~ ~ution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they ~ 3 ~ affixed ihereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. # F WITNESS my hand and official seal at Fort Pierce , said county d state. - i vT o~~ Cy. ~ L_ ~ y ~ FILEO ANO RECORDED Notary Public, in and for State and County aforesa~d:--.:-' . ST. LUCIE COUNTY. FIA. My Commission Expires: RECORD VERIFIED 9 Notary Put1:c• St~te a{ ~~o.,~~ at iz: e, . _ -3 ~6 Ci ~Oyr 3:' i~4~ " r. . _ - ~ly Commissan Expir Gr ~ _ ~ , ~06 ~~1 7 PM ~ • L ~ bad~d !Y Ac~w~n fr~ V~! . - : ~ ! ' f 149Q32 - . ~ ~OGE n :"~OI'R~S ~ ~ . ,~i r+ rip~lllT COURT ~ gooK 156 PA~E 336 ~ - - - - - - - - ° ~ ~ -'r•~`r~~~:..Yr'~'~ : ~ ' f`~~~~6'~ ~,;,~~i: ~ ~ ~