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To p!~ a.x1 contiewiovsly te~p on rM b~ildirgs now a t.~r~aftN ytuaa on stid f~ed and on ~II M~+~P~^~ +^d P~'~^+~h covr•~d bll tAis ~na1~
e~o. w7~h dl pr~miwws d?s+acn p+~d in f~il, flr~ i~au~ancr ~n uswt ~unJud pot~cy far?~. in a w~n +~pprowd bY ~M MORiCsAGEf. a+d ww.duo.~n
ins~~ana h~M uiwl i~~nda.d potky fain, M• wm ~pp+owd by tM MORiGAGEE. in wch , con+pany or axr~pa~=a a N» JWORTGAGEE ~oaY
d;.cc~j ~nd all Pr~ s~d w~m.iarm :nswar.w polKics on any of saa buiW:~gs, any infe.~st iM+~in w pa.t ~he.wf. in tM ap9~s9:r~ sw~ dor~said o~
I~ ~xpas tl~~of, ihall c.x~taa~ ths uswl ftandard ~r.atgagee claus~ a:~ch o~ha clavs~ as ~M Mo.~9+9a~ ~++y reqvv~. ma4'w~g tt» lou u~~ sa~d po~i~
r.~s. ~ach u~d twry. paYaW~ w s+id MORTGAGEE ai its in~erest may appsa~. and each a~d evcry c~ch pol:cy shall be p~omptly +ss.9ned a~~d dslivend ro
~ny Mld by said MORTGAGEE ~s fwthe~ secv~i:y to said mat9a~e dtbt. ~nd, not ku ~Mn ten (10) da~s in advanc~ of ~1+s ~apira~~on ot ~uh pol:q. ro da
I~ye• ro wd MORTGAGEE • r~newsl tMr~of. wp~tha wi~h a re:«~+t for ~M pr~m+uee of tuch re~ewal; ~nd ther~ ahall b~ nu fa~ w w~r~ds~am intw+nc~
plsc~d on u+r of said buitdnps, ~ny intereat ~here~n w p+r~ ~hereof, vnlcss ~a ~h~ form ar d wi~h tM bss payabft. as atw~said; and in the evsnt ~ny wen
of n~y becoin~a p+Yabtt w+da such policy or policies said 1NORTGAGEE shaU haw the oation ro~eceiw and ~pply tM san+~ on ~ccount of the i~dcbted-
nesi stcvr~d Aaebr w a perm~~ sad MORTGAGORS ro reteiw u~d uu it w any pa~t tlx•rcof fw othei pu~posea. wiN~out thNeb/ waivi~?g a unpair.
~~+q any puity, IiM w ~iyh~ wKle~ a by virtw of fhis morsya~: u~d i++ the eve~f sa:d tAQZTGAGORS sh~q for ~rr~ rcason t~il ~o keep eFK said pramises w
insured, p fail b ddivN promplly a~y of said politi*s o! i~swant~ ro~a+d MORTGAGEE. Qr ful promptly to pay fully any pt~mium therefor w in anr i
respect f~il w pafan~, dixhupe. ~:~cut~. Rffsc~. co~r~re. complY wi~h and aGde by this covenan4 0? any part hereof, iaid MORTGAGEE m+y pl+ce ~rsd ;
pay fw wch ieuurano~ or any pare tM~eof wi~hout waivinp w afF~ctinp ~ny option, lien, equ~h. or ~~pht v~dw a by virt~v of this Mort~s~. and the ~
fu11 amount of tach and ~very s~di payment sh+ll be im~nediately dw and p+yabte u~d shall bsu 7ntmdt irom tM d~t~ ~hereof vn~il pa~d at ths rat~ 01 ~
n~ne pcr centu.n p~r arwwm and together with wch inre~es~ sh~ll be secvred by tF~s I~en of this mat9~gs.
To pKmlt, oo~.It or wffa no waste. irnp+Kme?~t a deteriw~tan of sa~d properry or any parl th~veof. ~
5. To pay ~II and sirgular the coits, chu9es u+d expenses, intludinp a res~onsble attwneY i fee and cosn of abst~~cts of titls, kKwred w paid ~t ~
eny tims by s+id NWRTGAGEE, becwse w in the eva?t of the fa~lure on the put of ~he ssid MORTGAGOR w duty. P.w++p~hr s~+d f„iy ~.f«M, d~scha.ya~
•xecut~, effsd. comptN~. coinply with and ~b:de by e+ch and every ti+e iNpula~wns. sg~eenxnts. conditions, and covenann of sa~d p.om~ssory note and ~ha 1
mort9+~ +^Y w either. and said cos~s. charges and expenses, each ar.d every. th+ll be immedute!y due and p~y+ble: whetFw w not tF~e be ~.o~~ce d~
mand, mempt to cdlect or wit paw~d~rg: ~nd tM (vll amo~ot of each and rw.Y such p~yment shall bew inrenst from the date thereof until paid a~ th~
rate of nin~ per centum per anwm; and all said cosn, chargea a~d expenses ~ncwred w paid. togethe? w~th such interNt. sAill bt s~cured bp th~ IiM of tha
morty+~.
6. Th~1 (a) in th~ evant of any breach of this Mortgag~ or ~efwlt on the part of the MORTGAGOR, a(b) in tM event ~ny of said swns of money
herein ref~n~d to be not prompYy and fully p+~id with;n tlurty !30) days neat aiter the same severally bscane due ~~+d p~yable. widaut demand o~ notice.
or (c) tn the event esch and every the stipulatans, tgreements, condieions and coven~nts of sa~d promiswry note and th:s morty+~e anr or eithe~ ue no1
i~Iy, p?ompNr a~d fully pe.formed, d~scharged, ezecvted, effected, completed, complied wi~h and abided by, ~hen in either a sny such ever?t ~he said s~
sregat~ sum mentiontd in said promiuwy note then remai~inp unpaid. witA irocres~ acuued. ar~d all mor+eys secwed. hereby. ~hatl become dw +i+d p~y-
ebla fwthwith, or therosher, at the optan of said MORTGAGEE, u fulfy and comple~ely ~s if atl of rhe said swna of naney wcro ai~inally sGputated
ro be paid on wch day, anythirg in sa7d prom~ssory note oc in this Mo.tgagc to ~he centrary notwi~hsundiny: and the~eupon or thereafter the option of
sa~d MORTGAGEE, without notit~ or dem+nd, wit at law a in equity, the~efore or thereafter beyvn, may be prosecuted u if all moneys aetured hcreby ~
had rtuturld ptior to itt institution. _ -
7. That in N+e went that ~t the beginning of w st ~ny time pending ~nY w~t upon th~s Mwtgage, w ro foreclos~ it, a ro refo.m it, a to enfwu
payment of ~ny da'rm herevnder, s~id MORTG4Gff s.`a~: appiy 10 1ix Lovn having ~urisd~ct~.x~ Ihe:eof fa tM appointment of a Reteive~, such Court sMll
forehwith ~ppoint a nceiva of ssi~ mortgaged property aIl and singulu, includ~ng all and singulu ~he incans, prolifs, iuws and revenues from whatever
source derived, esch ~nd ewry o# wFi~ch, it being expressly unde.srood, is hereby mwrgaged ss if speuficatly xt fwth and described in the yrantiny aod
habendum davus hereof, ~nd wch Recaiwr slull have aIl the boad and efiective funcr~ons and powers in anyw~se ennusted by ~ Court tp a Receive~. snd }
•uch appointment shall be mads by such Cowt u an admitted equity snd a m~tter of absol~~~e rght to said MORiGAGEE, and .without refcrence ro tt» ~
edequacy or inadpwcy oi the v~lw of the property mw~gsged or to the sonrency o~ ~nsolvency of s~~d MORTGAGOR a fhe defendann, ~nd that such
renn, profits, incoms, issues ~nd reven~es shall be applied by StKI1 RCClIVH KCOfdiflg t0 lI1Q IiM O( equity of sa~d MORIGAGEE ~nd ~he practic~ of such
COUf?. ~
8. To duly. a-o~~y a„d wiy Pe.ro.m, discharge, execvte, effect, compkte, complY witF~ and ~bide by each and every the slipulations, ~gre~rt~enTS,
conditioro and ooven+nn in sa'+d promhsay note and ~his mongage xt forth. ~
9. That in tM event rhe ownenhip of rhe mwtgaged p.emaes, o. an~ part she.eof, becomes veated ~n s p~..on o~her ~han ~he MORTGAGOR, the
MORTGAGEE. its succeswn and ~uigni, msy, without notice to the MORTGAOR, deal with such successw or sucussor in interest with refe~encs to this
mortg~g! and the debt hereby secured in the same man~er u with lKo~tgagor without in ~ny way vit~a~ing w d~xMrgirg Ihe Morfgagws' liability he~r
under or upon the debt hereby secured. No sale of the Fremists hereby rnwtgaged u+d no fabea~ance on the pan of the MORTGAGEE w iq successors
or ass~gra and no extension of the Yune fo~ the payment of the debt herrby secu~cd given by the MORTGAGEE w its succeuors or us~g~+s, sh+~~ opsr+~~
ro rdease, d~ach+rye, modify ch~nge or affect the wg~nal liab~lity of the AF.ORiGAGOR herdn, either in whole o~ in put. ~
10. It is specifically ~greed that time is of the essence of ~his contract and that no wsiver of ~ny obligar~on hereunder w of the oblipaYan sr ~
c~red hereby shall ~t any time fhereafter be held to be a waiver of the terms hereoi or of the insrrument secu~ed herby. - ;
11. In addiYar~ to the for o' monthl nts of ~:x' al and imerest ~ vi~ed the om~ nore secwed hereb , mort covsnants ~
~9 •^9 Y PaYm~ P+~ P ~9 bY P~ s~Y Y 9~~ #
and agraes to pay ro mortgagce with each monthly payment an sdd~rional sum est~mated by matgagee ro be equal b 1/12 of the annwl cost of the follow- ~
irtg: i
e
A-All real property taxes levied or suessed agai~st the above deuriDed resl estate. ~
B-Premiums on (ire and windstorm iruurante :•erein --qu~red to be carried on the improvemeats situate on the sbove described prert~ises. s
C-Premiwns on svch mortgage gwrsnty i~•~rar~ce as rra~aagee shall from t~me to ti~ne deem fit to carry on the bsn secured hereby. _
I Mortgagee shall from time to time no~::, ~rnrtgagor in writing of the amount due and payable hereunder and such wm shall tlxreupon be dve and
'I Fayable on the due date of the next monthly pryment and c.ti.. successive monm fhereaf~er urtil mortgagee shatl notify mortgagor of s thange in svch
aTOUnt, Such sums shsll be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guar~nt~r insut~nce
~ premiums. - ; ````~~~t.t.!Itllp~f,
IN SS iER the said MORTGAGOR has hereunto set his hand anci seal thc day snd yesr first si id. C,fl?•~ ~
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` livued in the prese~ce of: ~ ~~i'
Kell ~ nstruc oh.~ti~~ a~
~ - B : - ' ~ ,q~;
e - 1 Hall - Pres $nt
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STATE OF FLORIDA COUNTY OF ST. LUCIE ` '
I HEREBY CERTIFY, That on this /S~ day of December q.~, ~q 66 ,
before me personally appeared Kell,y Hall a~}
respeciively President and~ 9ecr~tary of
Kelly Constr~iction Company , a Florida Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severally ackr~wledged the ex~
cution thereof to be their free att and deed as such officers for the uses and purposes therein mentioned; and that they
affixed thereto the official seal of said oorporation, and the said instrument is the act and de~ed of said corporation.
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~ WITNESS my hand and official seal at Fort Pierce , said aounty and s te.
~ . Notary Public, in a ~-tattee e~id.
" ..,'t ~ ~ My Commission Expires-.~M~~~S~~~ ~ b~ 1~
' v . _ r ('idCd BY /~[ne'~Cd,~ J„r~.~ .,o.Of.~Ia
• • ~ FILEO ~4r~D RcCORDED - ~
~ ' ' ST, IUCI~ COU~`JTY. FLA. . ~/(o,~ol
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