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Home My WebLink About2575 3 ~ To plau ~nd continuously kNp on tM buitdingi novr w MreaftK situste on s+id I~nd a+d oe~ all eqvipr~nt and p~rwrully tovad by thi~ mort¢ p~, with all pr~miw~a ~Mreon p+id in f~ll, fire insurance in ~hs usu~l itandard polity form, in a sum spprov~d by the MORTGAGEE, and wi~dstorm ~n~ur~nc~ in tM wwl ~~anda.d pol~cy fam, in a ium ~pprovad by the MORTGAGEE, in s~?ch company o~ canp~ni~s a~ tM MORTGAGEE m+y CIi7K1j ~nd ~11 fln and wind~torm iniuranct polKiei on ~ny of iaid buitd~oy~, ~ny intt~at ther~i~ or part tMreof, in tM p~rep+t~ wm afo«~aid o~ In ~ztta IMnot, sAslt contain tM ~nwl iandard mwtgagee daus~ w ivch otha cl~us~ as tM Malpags~ m~y rpu"u~, makinp tM Ioss undt+ uid po~F cief. ~ach ~nd ~vNy. p+Yabl~ ro aW MORTGAGEE as in intereit may appear, and each snd ~vay iuch policy ihall b~ promptly au:pncd and d~livKed to ~ny Mld by s~id MORTGAGEE u further secu~ity to said matgage debt, and, not leu tF?~n ~en (10) days in advance of the ~xpiration of ~~ch policy, to dr f I~ver to taid MORTGAGEE • ~~ntwal tMrwf, fopethtr with • receipt fw the premium oi iuch re~+ewal; and the~e sMll bt no fir~ w windstam i~tur~nt~ , pl~c~d on u~y of said b~rildinps. any i~teresf iMrein or put tAe~eof, unless in the fo~m and with tM tou p+yabl~ st atwtsaid; and in tM ev~nt any twn i of mor»y b~cpn~t p~y+bl~ ur~~ such policy a polici~s said MORTCsAGEE ~hall have the opt~a? to receive and +pply tha ~ame on acco~nt ot tM lndebtad- ! neis secu~ed Mrtby w b ptrmif iaid MJRTGAGORS Io reteive ~nd ua~ it a any part ~hereof for orher pu~poses, wi~haut the.Eb~ waivi~~y w~mpair- iny ~ny puity, li~n or rqht w+d~~ ot by virtw of this motsgs9e; a~d in tM eve~t ~a~d MORTGAGORS shall iw any reason f~il to keep the uid ptemiu~ w ~ imured, w f~il b deliver promptly any of said policies of insuranc~ to said MORTGAGEE, a fail promptly to pay fully any premivm therefw a in any respect fail to pafwm, diuhuge, exetut~, ~fiect, compl~te, comply wiih ~nd abide by this covenant, a any put herwf, said MORTGAGEE may plxe and j p~y fw avch Guurarx~ a any pwt thK~of without w~ivirg u sffectinp any option, lien, equity, w right u~+d~? a by virtw of thls Mwt~aq~, ~~+d the j full amount of ~ach and ~wry wch p~ymer+t sh~lt be immediately dw and payable ~nd shsll besr intere~t from th~ dats thereof ~x+til paid at ths rat~ ol n~ne ~ centum per ~nnum and toyether with wch lnterest shatl be secvred by Ihe lien of this mort9sye. 1. To pKmit, oommit a suffer no waste, impsirment a deterioration of sa~d property ot any pa?t thereof. 5. To pay ~II u+d sirgulu tFN cwts, cMrges ~nd expenses, including a reasonable attwney's fee and wits of abit?acts of title, incunsd or p+id at any tims by ~aid ~VWRTGAGEE, b~tavse w in th~ event of ths failure on the part of ~he said MORTGAGOR to duly, promptly and f~lly pKfwm, d~schsry~ ~xecut~, ~ffeet, compl~q, comply with ~nd ~b~de by each and every the ~tipula~~oru, agreemenrs, conditiau, and coven+n~s o( said promtssory note +nd ~hit morryp~ aMr o~ tither, and said costs, th+rges and exp~r?xs, e+ch and every, shall bie immed~atety due and p~yable; whether a not there b~ norite dr mand, ~ttempt to co11~N or suit p~ndinyj u~d tM full art~o~nt of each and evay svch paymen~ shall bea. interest from the date tF~ereof until p~id at tht ~ rate of nln~ per centum psr ~n~wmj and all Nid msts, cF»rges ~nd expenxs inturred o~ paid, ~ogether with uxh int~rpt, sh~ll bs s~cured by tl+~ lien of thu monyap~. 6. Th~t in the ewnt of any bresch of this Mortgage or defautt on the part of the MORTGAGOR, w(b) in th~ ~ve~+t ~ny of aid sums of mon~y herein nfKnd to bs not promptly and f~lly paid within thirty (30) days nex~ after the sanx seve~ally becomt due ~nd payable, without demand w notice. or (c) tn tM ~wnt ~ach ~nd every the stipul~tions, agreements, conditions and cover?ants of sa~d promiuory note and th~s mortpa9e any w eitAer ~re not iuly. promptly ~nd fully pKfwmed, d~xMrged, e:ecuted. effected, campleted, compl~ed w~th ~~d ab~ded by, tMn in eithsr a any such ~vent IM said ~ greyate wn+ mN+tioned in wid promiuwy note ihen remaininp uopaid, with interest ~ccrued, and all monoys secured. hereby, sl?~II beoomt dw and pay~ abte fwthwith, q tMreafta, at the option of said MORTGAGEE, ss fully and completely ai if all of the wid sunr of money wer~ oripinally itipulated to be paid on tuch day, anythinp in iaid p?omiuwy note a in this Matgage to the contrary notwithsundinp; snd tF~wpon or ther~after a~ tM option of •eid MORTGAGEE, withovt noY~ct or demand, suit at law or in equity, thertfore or thereafter beyun, mar b~ pro~ecut~d as if all mon~ys s~tur~d Mrtby had maturtd priot to its inititution. 7. TMt in tM ~vent tMt ~t the beyinning of o? ~t ~ny time pending any suit upon this INwtgsye, or to foreclose it, ot to refwm N, a to enfwq payment of any d+'uro Mrtundar, ttid MORTGAGEE shall apply to the Cou.t having jurisd:ction thereo( fa the appointment of a Receiver, such Court sMll forthwith appoint • nceivtr of sa~ moripaped property all ~nd singul~r, i~clud~rg ail and singular the income, profits, issues ~nd revanues from wfiat~vtr wurc~ derived, ~ach ~nd ~wry o which, it beirg expressly understood, is ~+ereby ma~gaged as if specifically set fath ~nd dewibed in the 9?~~tinp and habendum clavHS hereof, and such Receiv~? shall have sll the bro~d and effecti~e funu~ons and powers in ~nywise entrusted by a Court tp ~ Receiver, ~nd •uch sppointment shall be made by wch Cou~t as an admit~ed equify and s ma~ier of absolute right to said MORTGAGEE, ~nd without referenc~ to tFr adequacy or in~deqwty of the valw of the prope~ty mwtgaged w to tF.e solvency w insolvency of said MORTGAGOR a fhe defendants, and tFut such renrs, profi», incarw, issues and revenues shall be apptied by such Receiver accord~ng to the lien or equity oi ssid MORTGAGEE and 1he pr~cliu of such Court. t 8. To duly, pranPtty and fvlly perform. d'ncharg~, execvte, eifect. complcte, comply with snd abide by ssch and wery ths stipulations. ~praam~nb. condiYwrq ~nd co~renanri in said promiuory note snd this mortgage set forth. 9. That in tM event the ow~ership of the mortgsyed prcmiies, a any part thereof, becomes vested in • perwn other th~n the MORTGAGOR, t!» MORTGAGEE, iri successon and ~uiyn~, may, without notice to the MORTGAOR, de~~ with svch succ~ssw a Mxc~sto? in interett wifh rsferN+ct fo this t mortya~t ~nd tM debt hereby secured in the tsms maro+er as wi~h 1Norigagw w~+hout in any way vit~ating w d~uMrying the Mwtpaport' li+biliry• herr under w upon the debt hcreby secured. No sate of the premixs hereby mortgsged and no forbeerance on the p+n of tl+~ MORTGAGEE w its successas or atsignt and no exrMS'wn of the time fw the payment of the debt Fxreby secured given by the MORTGAGEE or it~ successors or suigns, shal) operab ro release, difchar~e, modify ch~nge or affect the wginal liability of the MORTGAGOR herein, eitFier in whole w in part. 10. It is specifically sgreed that time it of the essence of this contraa and tF~at no waiver of ~ny obliyation hereunder w of the oblg~Y~on se- cured he~eby ahall at any time thereafier be held to be a waiver of the terms hereof w of the instrument ~etured herby. 1 l. In add"+tion to the forego:ng monthly payments of prin~ pal and interest required by the promissory note secured hereby, morigagor townants and agrees to psy to mortgagee with each monthly payment an add~r~onal sum esT~maeed by mwtgagee to be eqval to 1/12 of the annual tost of the follow- ing: A-All real property taxes levied a assessed against the above described resl estate. ~ B-Premiums on fire and windstwm insurance as herein rcqu~red to be carried on the improvements situate on the above desuibed premitet. C-Premivms on svth mortysy~ puaranty insurarce as mortgagee shall from time to time deem fit to carry~on the loan secured hereby. i ; Mortgsgee shal) from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall therevpon be dw sod ~ payable on the due dafe of the next monthly payment and each successive month thereafte? urtil mortgsgee shall notify mortgagor of a ch~ap?~i1~Rych'- n amount. Su:h sumf shall be applied by morigagee toward the payment of real property taxes, insurance prem.ums, and mortgape gy~in ~miys}n6hy'I- ~ premiums. ~ V~ i~ ~ ~ - ~if~ ~ . _ , ~ai o~ . WITNESS WH , ths taid MURIGAGOR has hereunto set his hand and seal the day and yt+r fint afaesaid. N • ~N~~ ~ ffl 1~N Pf~fl1KQ Of: ~ : Q~: ( L J^~~ i \ ~t r f~~ ' ~ ~ ~~Kr / • L n. ~ resi- ; - _ _ _ _ . . ~ ~ ~ ~ _ _ . STATE OF FLORIDA OUNTY OF ST. LUCIE .'t , Jy~ I HEREBY CERTIFY, That on this day of OCtober , A.D. 19 66 , before me personally appeared Kelly Hall respectively President anrt Seeretey- , of Kelly Construction Company Florida , a Corporatwn, .ts~me known to be the persons described in and who executed the foregoing instrument, and severally acknowl.~ e~~~},~ e~x¢ T~D. cution thereof to be their free ad and deed as such officers for the uses and purposes therein mentiQc~~and'~IiaY•t(~ey_ ~ v . ' . ~ affixed thereto the official seal of said corporation, and the said instrument is the ad and deed a~.=~ai~ fojpera~ n.•: ~ WITNESS my hand and official seal at Fort Pierce , said county and state. ~-:.t v:`" ~ ~~,r/ c Lt'"'~ " ` d 1 ~ 1~ • t- _ fILEO ANO RECORDED Notary Public, in and for State and County%a~ ~'~id..•••';~J ~ ~ ST, LUCIE COUNTY. FLA• M Commission Ex ires• '~t1ng11~~ ~ RECORD VERIFIEa~~ Y P ~t~n? Publ'~c. Stste ai Aoi:~,~„ ~~t2,:.,,~-': ' ~~/~~~9 ~ \ - ~ ~?y ~(o ~m+~swn rE~ ~ c~,,w',,,3 u ~ ~ I ~ tt~i ~ : tt ~ ~ . K~~~~O~SS CLERK CIRCUIT COURT ~ Bo~~57 ~ ~ ; ~ _ - - _ ~,.s._ - -_a