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To plac~ ~nd cauiiwwusly ka~p on ~h~ buitd~ now a Iwtaft~. Wnrah on s~id land ~nd on ~ii squipnent ard p~.~o~wfh ~r'~+~ bY ~+~Y'
~pe. with aN prtmiwns tAenon pi+d in ful1, f'u~ iesw+nc~ in th~ ~swl s~~ndxd poliry fonn, in • wn+ ippowd by tM MORTGAGEE. ~+d win~rorm
~^sw~nc~ h tlw uswl uaewird pol~cy form, in • wm apFwowd by tM MORTGAGEE, in sucl+ compa~y or con?paniea a rh~ MQItTGJ1GEf may
dlrectj and ~II fin aid w'a~d?ewm &uwa~a pdictes on any of said bviW+~p~, any 1nMnst t'krein or put the~wf, tn tM apprp~tt wm da~s+id a
In ~,cpp tl~bf. ~M!1 con~ain t!» usual uandxd mor~9age~ claus~ or s~ch othx daus~ a tM Mo.epagN maY rpv'va, makinp tM loss wxlK s+d po1E
cta~. ~ad~ and wuy. WY~bh ~a said MORTGAGEE ~s in inuves~ m~y and c~cA and ~va.y aud+ pot~cy shall b~ WomP~M ass:~~?sd and dslivKed b
any hdd ~r s~id /Y{pRIGAGfE a furthp stcwity w s~~d mortya~ debt. anddi. ~wt less lhan ~~n l10) daya in advanc~ of t!w eap'uition ot t~ch policy. b d~r
I~ve. to s+W MORTGAGEE • ra.kwsl tFw~eof. ~op~~Mr wi?h a.aceip~ fo~ tM pnmiwn of wch renewal; and ther~ sFyti b~ no fir~ w windsto~m i~uwanc~
pt+c~d on aey of said b~il~inps. any interest therein a px1 lheveof, ~nless in Hk fam and with tM Iw~ pay~bl~ as sforesaid; ~ad in tM ~wnt aery wm ;
of ~^awY bKOnw~ p+y+bM w+d~~ such pdicy a pol~ciK said MORTGAGEE ~hall haw ~M opGon ro raceivt ~nd r~,ly tM s~me on account of tM ind~bad-
^es+ s~cvr~d Aa~by or b pKmi1 said lNORiCsAGORS to reuiw u+d us~ it w~oy pa.t the~eof for ot1Kr pu~oses, without th»eb~ waivi~~y a unpaK- '
~~+9 +ny pv7h. lia~ a rght wKJe~ or by virtw of tAis mortyapst ~nd in th~ tvent s~~d MORTGAGORS sh+U (a ~ny n+wn f~il ro keep the s~id Fnmises so
fnaured. p iNl lo ddiva promptl~t ae~Y of taid polities p1 insw~nc~ to s+id MORTGAGEE. or fail pnxnptly W p~y fvlfy snY pre~nium thereEor p i~ any
re:pect f~ll q q.forrq, d'ychary~ exstvtw ~ff~d, tomp'~N, comply with +nd ~bid~ by Mis oow~+~t, a any part hereof, sa%d MORTGAGEE en~y plac~ ~r~
paY fa wd~ iiawar~ w any part tM.eof wirhout w+ivwp a affecrinp any ept;o~, lie~, pv~ry, w ~~pht unds~ a by vi.h.~ oi this lMortyap~. and tM
fu;l amount of ~ad~ and ~wrY wch paynrnt sh~tl b~ irtMnediataly dw and piyabl~ and bear inte.est irom tM dat~ tAeteof tmtil paid at th~ rat~ ol
~~ne pN anwm pa ~x?wn and ro9etM~ wi~h wch inreres~ shall be sscv~ed by tM lien of this mortpage.
1, To pemwt, ownenit a wffer no wast~. imNavme~?~ or dctetioratia+ of ~id propary or any p~rt thereof.
5. To p~y all u~d sinputar tM cosh, ch~r~s +nd expenses, irxl~dirg • reas«~sb1e •;torney's fee snd cwts of abstracts of title. incvrred or p~id st
any f~me by ~aid q{pRTGAGEE, becavst p in the ew+~t of ths failwe on the psn of tM ssk! MORTGAGOR w duly, prompNy ~nd fully pe.tonn, d~xha.gR
executs. tff~d. aw~spltt~. eoinply with and ab~de b~r each u~d every rhs stiput~~ioi?s, agreemeau~ cw~ditions, ~nd eoven~nts of said promissory ~ats ~nd ~his s
m«rqpe u~y or e;H~a. and wid cosp. char~s aed ~xperoes, each and svery, sh~tl b~ ia~n+ed~ately due and payable: whether p nw tha~ be aotice d~
mand, ~ftsmpf ro aolkct a wA pend'ug~ snd th~ fvll amo~nt of e~d~ and every wch payment shali bea. interest from the date thereof ~ntil p~id af 1F~e ~
rare oi nin~ pK cw~tum p~ ~n,wny and dl s~id costs, chuges u~d expenses incwred a paid, logetha w~th such imar~at, sh~ll bs secured by tM li~n of Nw (
^'°rt9+~s.
6. Th~t W in 1bs weM of any brescfi of this N1wt9a9e or defwlt on ths put of the MORTGAGOR, w(b) in tM ewnt any of s+7d wms of monsy i
here:n roftn~d to be oot promptly u~d f?~Ily paid within thirty l30) d~ys next ~fter the sart~e tevaally become due and p~yabk, without dsmand w aotice.
or (d In rh~ .vem each urd ewry rM uiputar~on~, sgree.,~enn, cond+'r~or~s and coven~nn of ss+d p.omissory note snd th+s mort9~ge ~ny or either ~re no1
iu1y, promptly and ivlly p~rfwmed, disclwyed, executed, effected. completed, complied with ~nd ab~ded ~iy. the~ in either w ~ny such ewnt tM said ~
pregats wm mentioned in ssid promiss«y ~ote tlxn rem~ining vnpa~d, with interest xuued, and a11 ma~eys tecured hersby. ,h,n ~o.~,e d,,. ,~d ar
nble fwfAwitly or thereaher. at the option of said MpRTGAGEE, u fvlly s~,d compteuly as ii ali of the said swna of money we.e a~yin~lly :tiputated
to be paid on wd~ d+y, anylhinp tn ya;d promissory note or in this Mortg~ge to the contruy notwithstu~dinp; ~nd therwpbn a thereafter at the option of
sa~d MORTGJIGEE, without ooric~ or demand~ wit ~t law a in equity, fhereforo or theresfrer be9wy ~r b~ prosecvted u if slt mo~eys secvrad I~eby
had matw~d pr'qt fo its iiutiNtion.
7. Th+t in th~ svent tl~at ~t tl+e begiew~ing of w at sny time pending ~ny wit vpon ti~a Mwtgsge, or fo foreclos~ It, o~ to reform it, w to eoforp
psymcnt oi ~ny dsims hereundet. said MORTGAGEE sh+!! apply to !he Coun hsving ju.isdKtion thereot fw th~ appointrt~ent of ~ Receiver. suth Court shall
Forthwhh ~ppoint + ~eceivK of sa'~f mo~rt9aged proper~y all ai+d singulu. indud~ng all and singular the incoms. profits, issues u+d rovenves f~om whatever
wurcr deriwd, each and ~vwy o# whicl~, it beinp expreuty understood. is hcreby mortg~ged u if spec~fically set for~h,and dssaibed in the p?anting and
habendum dauses hereof, ~e~d wch kecei„er sha11 have all tl~e broad and eftective funct~ons and powers in anywise entrvit~d by a Cowt tp a Receive~, ~nd
wch sppointment ~MU Lv mad~ by wci~ Cowt as an adm;tted equity snd a m~tter of ~bsolute right to s~id MORTGA(~sEE, and without reference to tM
edequacy or irtadequacy of the ya~ue o; ~FK p?operty mwtgaged o~ to the wnrency w insolvency of said MORTGAGOR or the defendann, snd thal such
renrs, profits, incane, rssuq and ?evemus sh~~~ be ~pplied by such Receiver according to the t~en or eqviry of said MORTGAGEE and the practice of wch
Court.
B. To dufy. pra.rprly ard fvlly perfonn, dischargs, execute. effect. compkte, comply w;th ar~d ab~de by esch and every ths stip~lationa, agrsemeny,
condiriwq ~nd cove~nq m ~aid p~y~y rqte and this mortgage set fwth. '
9. Th.t in N~. ewet the ovvne.sMp of tl+e mort9sged vrcm~ses. o. any psrt thereof. becornes vest.d in • penon otl,er tMn tl+e MORTGAGOR. tl+e
Nt~RTGAGEE, its s~xc~sson and ~ssipm, rrWy~ „v;ihow ~+oN~e ro the MORTGAOR, deal w~rh such auccessw p successor ;n interest wi~h refcrence to this
mortg~~e.~nd the debl hereby sKUred in the same manner as wi~h Nb.tgagQ. w~~hout .n anr way vi~~ating or d~scha?ging the Mwtqagon' liabiliy her~-
under or upon the debt hereby secured. No sale of the premixa hereby matgaged and no forbearance on the put of the MORTGAGEE or ib succeuon
or auzgro and no extension of fhe time for the payment of the debt hereby sccured g"~ren by the MURTGAGEE w ih wcceswn or sasigi», ,F~al~ operatt
to re~ease, disch~ry~ modifp th~nge or affecr tl?e «ig~nal liabil~ty of the MORiGAGOR hereiq eithcr in whole or in put.
10. It is spec~fically a9reed tlut time is of the essence of this conuact sod that no waiver of any obtigstan herevnder or of the oblip~tion tr
cureci hereby shaN ~t any time theieafter be heid fo be a waiver of the terms hereof a of the instrument secured herby.
11. In add~Ywn to the fwego:ng momhh paYmenti of princ'pal and inte~es~ required by the prom~sswy nore secured hereby, mortgagor cov~nanri
and agrees to psy ro mortgagee with each morohly payment an add~rional sum est~mated by mortgsgee to be eqwl b 1/12 of tfx annw( cost of the fdtow-
ing:
A-All real properfy fsxes kvied a assessed agai~st tl~e above described rea! estate.
B-Premiums on fire snd windstorm inswar.ce as he~ein r.qu;red to be wrried on the improvemeats situate~ on the ~bove desv~bed premises.
C-Premiums on suth mprt9ag~ yuarsnly insurar.ce as mortgsgee shsll from time to time deem fit to w~ry on the (oan tecured hereby-
Mortyagee shaU from time to time notify mo~tgagor in wrir~ng of tl~e amow.~t dve and payaWe he~eunder and such wm shall thereupon be due aod
Fayable on the due date of the ~ext monthly payment and each successive month thereaiter ur.til mortgagee shs11 ~wtify mortgagw of a chsnge in sucl! ~
a.nount. Such surty sha~1 be ~ppl~ed by mxt9iyee towud the payment of real property ta:es, inswance pem:ums, and mwtgage 9~~~h( !(uw+~
premium7. ~ ::..r»ftti.
iN WIT t said MORTGAGOR has hereunto xt his hand arK! seal the day and yesr first afor id_ :
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sp ~d • of: C~ ~ j
- _ _ _ _ - - - - - - - _ - - • el a " pre si q . A~ ~
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STATE OF FLORIDA ~OUNTY OF ST. UKIE r`; • _
I HEREBY CERTIFY, That on th~ ~ day of ~cember ~~~A:~...~q..~ ~
before me personatly appeared - Kelly Hall a~
re~pectively President;~ ~E~isi , of
Iielly Construction Con:pany Florida
. a Corporation, to me
icnown to be the persons described in and who executed the toregoing instrument, and severally acknowledged the exe- ;
cutiore thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; .ar~detF~at,'rfhe~ ~ ;
affixed thereto the official seal of said aorporation, and the said instrume~t is the act and deed of -.sejpt ~ earporat oti: ~ f
~ ~ ' ' ~
WITNESS my hand and official seal at Fort-pie~ , said ooun and state. = ~~~.q _
} 2 - . ~.r ~ _ .
~FILED AI~?D RECOROEp! Notary Public, in and for State and County ~oresa,d4 o t~
ST. LUCIE COUI~TY, RLJ1.~; My i ion Expi?e~ot p~~-.~, State a~ Ror~a~#'
RECORD VEft(FiEO' ~ ~e~ ;'3 .
/~~G9 ~llr Co~n~~iss~;a Ex~;res !Jor. 3..'136~ ~ .
1510~ ~ • ba~d br Am:r.uw Ft~ 8 Cafa:s.t~ 'w';'•-
~'OfC t Z PM Z 9
~_-~~var~~'
FtOG~R POITRAS !
CLERK CIRCUIT COURT
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