HomeMy WebLinkAbout1407 To pl~ and contirN,ovsly kcep a~ ~r+ bui:d~nqs ncw o~ h~reafta s~t~a~~ on sa~d land ~+d on al! equ~p+~u ~rd p~esonally oovar~d bY this ina~P
sge, wieh ail pemiums thcreon pa~d in fv!1, fir+ i~s.,ranu ~n tM ~.swi t~uda+d pol~cr ~onn. u+ • swn approved by tht MORiGAGEE, and windsronu
insur~np in N» uswt uandard potKy fam. in a svm approrad by ~1u MOR13AGEE. in wch cwnpany or wmpanies u tM MORTGAGEE nwy ;
duectj ~~d ~H fi.~ and w~ndsarm inwra~ce polK.es an +ny of sa~d bv~ldag~„ ~ny inte.eat ~ha~in a part thKeof, in tM ap~reqaN swn afw~a+id o~ ~
ir eacea tlwreof, ahaU conrain ~he usual standud more~agas dauss o~ such aher ctaus~ u tM Ma~pa~ee m+Y ~equ+r~ m+?inp Ihe bss sud PdF ~
c~es, e+ch and evKy. psYable ro s~id MORTGAGEE as ~~s ~n~er~st mar ~pptar. a~d cat~? +~+d ~ve.r s~ch po~~cy ~F+aQ b~ pranp~ly ~ss:~ncd and deli~e+ed ro ~
•ny he{d by ia~d AtORTGAGEE as fu.s~ sec~rity ro w~d mo•tcJage debr, and, not kss than ~en ll~) days in ~dvanu of th~ ~xp'uat~on of sach poi~cy. ro dr ~
:~vcr fo ~aid MO~tTGAGEE a renev~,al ~hncof, tope:hw w~Th a rece~pt fw the piem~um of iuch r~ne val; u+d tlwe shall bt ~+o f'u~ o~ winJsw.n inu?r+nc~
placed on ~ny o1 said bvild~ngs. any io•ersst tlwre~n or pu~ rticrcot, ~n~eu i~ ~he fam and w~ih th~ bss pay+bb as ~faesaid; and in th~ ew:+t u+y swn
of rnwKy becanes payable uoder such policY or po1Ka~ sa~d ~NORiGAGEE shall Mw the oprion ro receive and app:y the i+~ne o~ aaow+t of tM indebted~
nesa secv~ed herebp or to pcrmit said MORTGAGORS fo ~ete~ve and u;~ it or any p~t ~hereof Iw oth..~ pu~paxs, wi~hout th~~b~ waivi~g a~mW'a-
~ng any equiry, lie~ w ~ight under w by virtw oi ~his ma: tga~e: and in the evcn~ sa~ MORTGAGORS sM!1 (or ury rsason fafl ~o keap the s~7d p+emises sc
~nsured, o~ f~ll w detiver p~or.~pt1Y e~y of t~:d polrcies of insurance ~o said MORTGAGEE, ot fail promptly 1o pay fully ~ny pemivm the~efo~ p in any
respeci fail b ps~lotm, discMrge, exccute, effea, complete, comply w~th ~+d ~bcde by this covenant, a any p+~t har~of: sa~ MORTGAGEE ~nay plac~ ~nd
pay fo~ such inwrance or any part ~hereof w~~hou• waiv?ng : affectirg a~y optan, Gcn. equ~ty. or r~ght vnd~r or by virtw of this Mort~a~e. and tM
f~Il smount o( each and tvery such payma+t s1~~~1 be imrnediatN~• due and pay:b:e ~nd shall bau interesl from tM d~t~ there~f until paid ~t tFw utt ol
ni~e per cemum per annum and to~eth.v with ,uch interrs~ shall be sev~ed by the lien of thia mortgage.
t. To pe+mit, canmit or wffe~ no v.este, wnpairment or detuarata~ of said property a any put lhcreof.
S. To pay sll ~+d singulK the coan, chorges and expenses, includ~np a.wsonable ~trwnry i fe~ ud oosts of ibsn~cts of title, L~curr~d or p~id at
a~y ~ime by uld MORiGAGEE. because or in the event of ~Ix fa~luro on the pa~t of tne vid MORTGAGOR w duly. WornPtb +~d f~lly perfann, d:sct~ar~c
execute, effect, cemptete, canply with and ab:de by each and every the at~pu~etio.~s, agreem,.-'_. ~«+dit~ons, and covsnann oi said prom~ssory note a~+d tlw
mertgaye ~ny w ei~hc~. and saSd costs, charges and cxpcnses: cach and every, shsll be imrt~ediately due snd p~yable: whether a not there be aotic~ dr
mand, ~nempt w cdled or wit pend~n9; and ~he full amount of each +nd eve~Y such paymem shall bear inter~t f~an the date the~eo~ until paid the ~
r~re of n~ne per cc~tum per an.um: and alI sa~d costs, charges and eapenses incwred or paid, topeth~v w~th svch imerast, sMil b~ setvred by th~ lieo of thb
mortgag~.
Q Th~t (a) in the event of any bresch of this Mortgage or default on the part of the MORTGAGOR, or (b) in i!» eve~t any of s~id sums of morKy
herein referred b be not promptly and fully paid within ~h~rry (30) days neat sfter Ihe same severalty becorne due ~nd p+yable, without d~mand w nolice.
o~ (c) in the event exh and every the sripvEatioru, agreements, co~d3tio~s and coven+MS o1 sa:d promiuwy nore ~nd t}NS mortgaq~ any w either are ool
iuly, prompdy and fully perf«med, d+uhar9ed, execured, effectcd, completed, compl~ed with and abidcd hy, then in tither w sny s~ch ~wnt th~ said a~
gregate sum mcntioned in said promissory note then remaining unpaid, with interest acuued, and atl rraneys secvred haeb~(, shall bacwnt dw a~d pay-
abta fathwith, or thereafter, at +he optia+ of said h10RTGAGEE, as futly and comple~ely as if s!1 of the said svms of money were wipin~lly stipulated
~o be paid on such day, anything in sa;d prom~ssory note or in this Alortgage to the comrary notw~~lutanding; and therevpoe or tl?Neaftsr at tM op~ioR of
sa:d MORTGAGEE, w~thout not~ce o. demand, w7t at law or in equ~ty, thereFwe or ther~afrer begun, may be prosecvted ~s if all ~aneys s~cured hareby ~
h>d rtwtured prwr to i:s institution.
7. That in the event that at the tx9inning of or at any time ~nq any w~t upon this Mortgage, o~ to fweclos~ if, w fo refwm it, w!o enforp
pay:+xnt of a~y claims he.wnder, said MORTGAGEE shal! apply ro t+F
e Co~n havirg jurisd~aion thereoi ior !he apparomer?1 of ~ Reteiver, such Cowt ah~ll ~
Forthwith appo~nt a receiver of uid mwtgaged property all and singuter, incl~d~ng all and. sirgular the iocome, pro~its, issues and revenues from whafever
source ekrived, each and every of wh~ch, it beiog expressty understood, is F+creby mwtgaged as if specifically set fath snd desaibed in the 9raetinp snd
h~bendum dauxs hereoi, and a~rch Receiver shatl have all the broad and effecrive funcnons and powers in anywise e~?trusted by a Covrt ty + Receivtr, and ~
s,ch appoi~tment shatl be made by such Court as an admitred eqvity and a mattcr of absolute r~ght to said MORTGAGEE, and witlwut referenu to tir
adequacy or inadequacy of the wlve of the p~operty mortgaged or to the so~vency w insolvency of said MORiGAGOR w the defendants, u+d ~h+1 such
re~,rs, profits, income, issues and revenues shali be applied by such Receivcr MCOffI~~ ~O 1F~! IiM Of equity of said MORTGAGEE aod the pradice of such ~
Court. ~
8. To dvly, promptly and fully perform, d~xharge, execute, effect, complete, compty with a~d abide by eacfi ud every 11~ stipulations, ~greements,
:ond~tions and covenanh ~n sa~d promissory no!e and th~s mor~gage set forth.
9. That in the event the owr+ership of the mortgaged prem~ses, w any part thereol, becomes vested in a penon other th~n the MORTGAGOR, tM j
r,1pRTGAGEE, its succeuors and au~yns, may, without nouce to ~he MORTGAOR; deal with such successor or successa in i~terest with reference to this E
n,o~tgage and tir: deb~ hereby secu:ed in thr same manner as w~th Moregago? withovt in any way vit~ating or disth~~ging the Mortgagort' ~ liability hert
~~~-der or upon.the debt hereby securrd. No sate of the premises hrreby mo~tg~ged and no (wbearance on the part of the MORTGAGEE w ib s~xcessors
or ass~gns and no extensto~ of the time for the payment of the debt hereby secured given by the MORTGAGEE or iri suctessws or assig% shalt operat~
ro retease, discharge, rtwd~fy change er affect the original liabdlity of the MORiGAGOR herein, either in whole or in put.
10. It ~s spec~ficatly agreed that t~me is of the essence of this co~tract and that no waiver of any obl'gat7o~ hereunder or of fhe obligation se-
cu~ed hereby shall at any time thereaiter be held to be a waiver of the terms hereof or of the ins~rumeM secured he+by. ~
11. In add:tio~ to the for o" monthl a ments of rinc al and interest r uirad b the romis no?e iecured hereb , mort cOvenanri _ t
e9 ^9 Y P Y P P ~4 Y P ~Y Y 9a9a
~~~d agrees ro pay lo mortgagte with each monthly payr.,ent an add~~+onal sum esf:mated by mortgagee to be eqwl to 1/12 of the annwl cost of the follow-
~~~g:
A-All real property taxrs levie~ o. assessed agai•.st tne ahove descri5ed rea! estate.
B-P~eriums on fire and w~ndsrorm insurance as here~n requ:red to be carried on ~he irt+Fxovemeats situate oo the sbove tlesuibed premises. ~
I C-Prem~~ms on such mortgaoe guaranty ir.wra<<ce as mo.tgagee shall from t~me to time drem fit fo carry on the loan secared hereby.
~ Mwtgagee shatl from t~me to time norify mcrtgagor in wnt~ng of the amount d•x and payable !xreunder snd such wm shall thereupon be dve and
~ c a,~a5!e on the due date of the next monthly payment and exh success~ve rr.omh thereafter urtil mortgagee shall notify mortgagor of a chanpe in wch
~~cun+. Such sums sFall be applied by morigagee toward the pa~ment of real property ta:es, insurance prem.ums, and mortgaye gw+aMy ~inwrance
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~.-,mi:Mls. ` V'V•~:.~r,•:
~~~~~s~ ~ ~
IN WITNESS WHfRfOF, the said RTGAGQB has hereunto set his hand and seal the day and year fint ~forp~id. ~ic~• r~
~t'
_ led and Gver pr e ofa ~a CONST Ci~~J~ ~~JIa ~tl.{~
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STATE OF FLORIOA ~ COUNTY OF ST. LtKIE ' ~
I HEREBY CERTIFY, "!~at on this ~ ~sy of De cembe r ; A.D. 19
6~2,
before me personally appeared Ke lly He l l
respectively , President et~C ~C~pC. , of
Kelly Conatruction Company , a Florida Corporation, to ne
~ known to be the persons described in and who executed the ioregoing instrument, and severally acknowledge~} t~; yz~-.
cution thereof to be their free act and deed as such offioers for tha uses and purposes therein mentioned~ ~nd thei'tfie~/,,
affixed therero the officisl seal of said corporation, and the said instrur.?ent is the act and deed o£ sa~d zdrppr~tion.':`;.. .
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WITNESS my hand and official seal as Fort Pierce ~ St Lueie, Fla _~~d oounty a state. c~ :
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FIlEO AND RECORDED Notary Public, in a~d for State and County a#o~s'i+d:••
ST, IUCIE COUN7Y. FLA• M~m3ssion Ex ires: + r`;
RECOtZO VERIFIEO Y P S:~tte ~i.l~rr,,~
---;~=~~/Lh%r~~~ ir1~ Commission E:pu=s 3, t~b9 //'I/
E?!~d ~r AeKiw~ fJe 6 C~w~~ G. 3
'`o~ DtL 1 Pri 3 : -
150~~~
P.Ot~Er~, ~-n1~P.:,S 800K~1JV PAGf ~.?VT
C' Citi: ~.,•~::,L . i ~OUF,I i ~ '
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