HomeMy WebLinkAbout2577 To plan +nd co~ti~wio~siy ke~p on tM buildings eww a hKe~ft~r siwat~ on sa~d lae+d a~d on ~II equiprn~nt ~nd psnon+lly cova~d by tl~i~ morlp~
p~, with all pr~miums thKeo~ p~~d i~ full, fir~ insur~nc~ in ~M uiu~l ~tardard poucy fam, in • iwn approwd by th~ MOR~GAGEE. N+d wiexbtan?
insur~nc~ in tM vswl iunda~d policy iwm, in a wm approved by ~he MORTGAGEE; in iuch canp+ny w coinW~?i~s th~ INORTW1GfE m~y
d~rectt and all fin u+d wind~tum iniurancs polK~es on ~~y of sa~d build~nqs. ~ny i~~e~at thaein w pa~! ~her~ol. in the ~yrp~t~ wm afornaid a I
In ~~cc~ss tMrwf, shall contain tM usual s~and~rd mor~gage~ clavss a iuch o~ha cla~s~ ai tM Nbrtyages may .~quv~. ~n+kinp tM loss undK said pol~
cie~. ~ach and ~wry. paYabl~ b taid MORTGAGEE as ib interes~ may appear. and each a~d evay such po~icy shall ~ pranptly au:pMd +~+d d~~ivK~d ~o
sny h~ld by uid MORTGAGEE as fwtha sesvrity to tsid mortgaye debt, and, nW leu th~n ten l10) days in advance of iw txpiration of e+ch pol'ity, ro dr
liver fo faid MORTGAGEE a r~ntwal ther~of, lopt~l?N with s reteipt fa the p~emium o1 such renewal; ~nd tha~ shsll bt no fir~ a wi~dstam insur+nt~
pl~cd on ~ny of said buildinps. ~~y inter~st thK~i~ or put thereof, unleu in ~M fwm and w~~h tM lou p~Yabl~ ss ~tores+idt and in tM ~wn1 ~ny tuT
of mon~r becanp pay+bl~ w?dK wch policy a polKiss said MORTGAGEE ihall Mve the option to reteive and apply tM ssm~ on atcount of tM ir~dtbted-
neu s~cv?ed FKreby or w pKmit said MORTGAGORS to ~eceiw ~nd us~ it or any part thereof fo~ o~he? purposes, wi~hout ~he~eb~ waivi~q w~mp+ir-
infl any pu;ry, 1'Mn p ripht under or by virtw of this mortg~9e; end in the eve~~ aid MORTGAGORS tMll fw any reason iail to keep tM said prsmi~a so
iniu~ed, w f~il b d~liva promptly +ny of said policies of i~iurance ~o said MORTGAGEE, w fsil promptly to pay fully +nY premium ti?erefor w in any
re~pact fail 1o ptr(wnn, difcharye, tx~cut~, •ffect, compt~te, comply with a~?d abids by this covenaro, a a~y put herwf, said MORTGAGEE may pl~ce ~nd
pay fur wch i~wranc~ or ~ny put thKSOf without w~ivirg w affectina any optan, lien, equity, or ryh~ undK w by virtw of thii Mortyape. +nd the
full artawN of ~+ch and ~wry tuch p~yment sh~ll be imrnediately dw and paY~ble ~nd ihall bear interes~ from tM dat~ tF?~reof until paid ~t th~ rat~ of
n~n~ p~r oe~tum pK ~nnum and toge~he. wifh such imerost shaU be secvred by the lier? of th~s mortps9e. '
1. ?o p~rmit, canmit or suffa no wast~. Imp+irment w deterioration of :sid property or any put thereof.
S. To pay ~II and ~inpular th~ co~». cli~r9es ~nd expenfes, including ~ reasonable sttwney'i (ee and co~ts of abstracts of titl~. M~curnd w paid at
rny tim~ by said MORTGAGEE, b~aus~ or in fM eveM of the isilure on the part of the said MORTGAGOR ro duly, promptly ~nd fully perfwm, dixMro~,
•xccut~. ~ffect. oompl~~~. complY with and ab~de by ~xh and every the atipular~ons, agrcemen~s, cond~~ions, and covsnann of said promissory note and this
mortyap~ u~y or ~itha, and sa~d cosb, cMrges +nd expenscs, eacF? ar+d every, shall tx immed~a~ely due and p+yeble; whether w not there b! fA1iC~ dr
mand, m~mpt to coll~ct ot wit p~nJirgj and tFw fvll smovm of esch ~nd evcry such psymcnt shall be+~ intereat from the date tFnreof vMil p~id at ti+~
rete of nlm per centum per u~num: ~nd all said costs. charges and expenses inturred a p~id, together with wch intKtat, shall b~ ascv~~d by th~ li~n of tFw
"'crt0~
b. Th~t in the ewnt of any brt~th of this Mo?tgsp~ a defsull oe~ 1M part of the MORTGAGOR, or (b) in the ~vent any of s~~d sums of mon~~
heroin r~f~?red to bs not pra»p11y and fully paid within Ihirty (30) days ?+eat aiter the same severally become dw a~d payable, without demand w notice,
or (c) In tM ~wnt eath u~d ~very the stiExrlations, ~greements, conditions and covcrunts of sa~d promissory note and th~s matg~y~ u~y or tither are ~ol
iuly, prariptly and fully pKfwmed, discMrged. eaecvted, eifected, comptered. compl~ed w~ih and abided by, thsn in sither w~ny such ~vent tM s~id
preyst~ t_m m~ntioned in s~id promissory note then ~emaininp unpaid. with intere~t accrued. and atl mo~uys setvred hersby. sh~ll betorne dw and p~y-
abl• fwthwith, OI tMtNffM. ~t tM optia+ of s~id JNORTGAGEE, iully ~nd compte~ely as if alI of ~he sa~d wms of money were orqin~~ly ~Npu~~ted
to be paid on suth day, sn~rthinp in sa~d p~omissory note w in this Mortgsge to the contrary notwithsuodiny: s~d thereupon w thereafta at the option of
•~id MORTGAGEE, withoW notic~ or demand, svit at I~w w in eqvity, therefwe or thsreafter begun, may b~ prosecut~d u if all nw~eys atur~d Mr~by
n.d marv..d p.a. ro in in.tinnion.
7. TMt in th~ ~vent that ~t ths beyinning of or st any time pe~ding any su~t ~pon this Mortgage, or to foredos~ it, a to rofam it, M f0 MfOIp
payment of ~ny daimt Mrwnder, s~kl MORTGAGEE shall apply to the Court Mving jurisdiction tF~ereof for 1M appointmtnt of a Receiver, such Coun shall
forthwNh appoinf s r~ceivN of si mortyayed property all and singula?, includmg all and singular the income, profits, iuues and revenues from what~v~r
wurc~ deriwd, ~ach ~nd ~v~ry o~whith, it beinp expressly undcrstood, is hereby morrgaged ss if spec~fiully set fath and dewib~d In the prantirg a~+d
habendvm clauass her~of, ~+d svth Receiwr sh+ll have all the broad and effective fvnct~ons and poweri in snywise eMrusted by • Cou?t fp a Receiv~r, ~nd
~uch •ppointment tha~l be m+de by such Court ~s an ~dmitted equity and a ma~ter of abwtute right to s~id MORTGAGEE, ~nd without refennct fo fh~
edequscy or inad~qwcy of tM vslw of the properry mortyaged w to the wtvency w~nsolvency of said MORTGAGOR or th~ defendanb, and that such
rents, profiri, incortN, iu~es and nvenues aF?all be applied by such Receiver xcwding lo the lien or equity of said N10RTGAGEE and the practic~ of such
Court.
8. To duly, promptly ~nd fully p~rfwm, dischsrye, exccute, effect, complNe, comply with and abide by sach ~nd ~very tM stipulaYwns, apreements,
conditioro and covenanft in ~aid promluwy note and this mwt9sge set forth. ~
9. Th~t in ths ~vent the ownenhip of the mwtg+yed premises, or any part thereof, becomes vested in • penon othe~ tMn the INORTGAGOR, th~
MORTGAGEE, Iri wcusfon and auipns, may, wi~hout notice to the MORTGAOR, deal with such tucceuw a wcc~sso? in interest with r~fer~nce to thu
mat9a~ ~nd ths debt her~by secured in tha same manner ~s wirh Mwrgagw withovt in any way vitiatinp or diuh~rying tAe Mort9spors' li~bility htrr
under w upon fM d~bt her~by setured. No sale of the Fremius hereby mortgaged and no fabearante on the part of the MORTGAGEE a itt suctessort
o~ e~sipru and no extension of the time fw the paymcnt of the deb~ t~ereby secured given by the MORTGAGEE o. its successon u auigns, aMll operst~
ro releas~, diith~rpe, rnodify tMng~ or affett the original tiab~lity of the MORTGAGOR herein, either in whole w in psrt.
10. It is specifitdly syreed that time is of the essence of ~his contract snd that ra waiver of my obl'~gation hereut~der w of the oblipaYqn s~-
tursd hNeby shall at any tim~ thereafter be heW to be a waiver of the terms hereof w of the instrumeM secured herby. ~
11. In addition to the for o: monthl ments of rinc' al and interest r uired b Ihe om~s note secured hereb , mort r covtnants y
e9 °9 Y PaY P P ~ Y P~ ~Y ` Y ~90
and aprses to p~y to mortg~gee with esch monthly payrnent an add~rional sum estimated by mottgagee to be equal ro 1~12 of the a~nu~l tost of the follow- i
ing:
A-All rtal property t~xes kvied w asxssed again:t thc above dexribed real estate.
B-Premiums on fire ~nd winditorm insurance as herein requ~red to be carried on the imp.ovemeats situate on the above descriDed premiies.
I C-Prtmiums on such mortpage puu~nty insuror~ce as mortgsgee shall from t~me to time deem fit to carry on the loan setured hereby.
~I Mort9igee shall from time to time notify mo~tgagor in writing of the amount due and payable hercundrr and such svm shall therevpon b~ due and
~ payabl~ on the due date of the next rtwnthly psyment and each svccessive month thereafter ur,til mortgagee shall notify mortgagw of a thany~ trt srr~J,.
emount. Suth sums sh~ll be applied by mortgagee toward the payment of real property taxcs, insursnce prem.ums, and mortgsge gwr.~nty ans~rt;nce'~%~;~
premiums. " ` Y
1 WITNE55 WH the s+id MORTGAGOR has hereunto xt his hand and seal the day and yesr first • esaid. _ ~
C ~.a ~ K th. p.e;enCe or: ' i,
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STATE OF FLORIDA ~COUNTY OF ST. LUCIE ~ ~ ~ ~ ' ~ , ~
J~' .
I HEREBY CERTIFY, Ti-iat on thi - day of OCtober` , A.D. ~966 ~
before me personally appeared _ Kelly Hsll ~
respectively President ar+d ~6eerels~r , of
Kelly C ona truc tion Company , a Flo ri da Corporat~o~, to me
known to be the persons deu~ibed in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; arK! ,That.,t?ti~y
.
affixed thereto the official seal of said corporation, and the uid insirument is the act and deed of safcl~~~tiprf:;
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~ WITNESS my hand and official seal at Fort Pierce ~
, said oounty stah. . '
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fI1.E0 ANO RECORDE~ Notary Public, in and for State and County af r ' ~
ST; I.UCIE COUNTY, FLA. My Commissian Ex ir ~ti p t~
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RECORD VERIFIED P~t~1? P~b~K, State af ftaid~~at lugd`
Mr Commission Expira t1or. ~1 y~ '69...
1~~9y fud~d ~Y Awr.csa Fr~ A Cawa:ry'Co. i~
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ROt~ER r 01TRMS
r~~~t~~T COURT ~ R~,57 PACE ~ l~
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