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a. To plaa and oa?t4xrously kNp on tM buildinps now or lwr~ahK ~ituab on aid Iwid ~nd a+ dl pul~w~l ~nd pKSawlh? oo~nr~d bY ~~~P
p~. with all pnmiwM thar~on p~id in full, fin tnwr~nu in tM uswl s~aidard Polkt? fan~, N• swn approwd ?y tl» MORTGAGEE. ~nd wind~tarm
insww~p in tM uwa) standard po6cy fore?~. M a wm ~pprowd by tM MORTW?GEE. M~ wch canP+^y or oomP+nia a fh~ MORTGARiEE nwy
dinct~ and ~II fin ~nd wi~~onn inwrana polici~~ on ~ny of s~id 6uildinq~, anlr bt~nat NwrtMt a pwt th~rwi, in 1M pyss+N wn~ afar~id a
b+ ~xce~ N+N~of, ~A+11 contain th~ uw~l suodard nwrpape~ clwM a such o~h~r tla~»~ a. tlw Morq~ m+Y nq~k~, ~kh+p tM lost w+J~ ~+'t! P°K' .
cie,. .,d~ aod .wry. p+rabb a•atd MORTGAGEE a in ina~a~ ~y .pp.w. .nd .acb .nd ~wry wd~ policY ~MII b~ p?onpth as~pn.d ~nd d.liwnd a
eny Mid by aid MORTGAGEE as fvnhN wcurity ro wW monq+p~ debt. ~nd, nw las M~n an 1101 d~ys in ~dvw~a of tM ~apjr~tion of ~ach Po1kY. b d~
liw. ro~k! MORTGAGEE • r~w~l tM.wf, to~ed~ wirh a no~ipt for tM pnmiwn of wd~ ~~enwal~ and tl~ ~MII b~ oo fu~ a windstorm hawaoa
plsc~d on ~ny of uid butWinps, ~ny int~rast tMrei~ or put tMreof. vnt~ss in tM fam and with th~ bss p+y~bb u~fons+idj ~nd In th~ w~nt any wen
of enw»y baanN p~yabl~ wxlK wd~ po1k1? or policia s+W MORTGAGEE ahall Mw tM option b no~iw u~d apply 1M anN on ~coa+nt of tlr ind~bt~
neu Hcw~d htnb~r w w pe~n+it pid 1NORTGAGORS ro notiw and uw N or ~ny part therwf for othe~ pwpaN, without tFnr~bY waiviiq a. impair-
iny aey qvit~r, li~n a ripht ~nde~ a by vinw of thi~ enortpapti a~d 1n tM ~wnt s~id AAORTGAGORS ~h+li for M~y n~san f~il fo kMp th~ s~id pnmisa w
insursd. w fatl b d~liwi promptly ~ny of ~aid polici~s of Iotw~np to s+k! MORTGJIGEE. or bil promptly to p~Y i~ly any pnmiwn fMnfor or M~ ~rhr
respect fail b pufw~n, d'aclurys. ~xecute. ~ff~ct. compl~», oomply with ~nd ~Wd~ by thb oown+M. a+nY P+~t Iwr~of. +~id MORTGAGEE m+y plaa and
pay fa weh Gawanu or a~?y pn tMrsof without waWinp or aff~etino aeh? opNon, (i~n, pvitp. a ripht w+dM a by vhtw of thb Maq+p~. and tht
fu~~ amount of ~ad~ and ewry wd~ paym~nt sMil b~ inrmdid~y dw and p~rsbN and ~MII btar lnter~st fran th~ daa tlMrwf wail p~W ar tM r~f~ ol
n~M pK pntum pN ~nrwm and topethe. with wch im~resr ~aii be s~ard b~r th~ li~n of this mortq+~.
4. To p~mdt. aommit ~or wffu no wasta in+P+irnwnt a d~te~+tion of ~aid proputy a ~ny put tMrwf.
5. To p~y all ~nd sh+putar the cos~s. cFw~s and exp~nss~„ indudirp •?ta~o~abl~ ~ttaney'i fN aod oats of abMads of titl~. M+axnd w paid N
.ny tims by ad MORtCaAGEE, b~caus~ or un ths .wnr d tiw failun on t!w p~rt d tl» said MORTGAC30R to duh. P~Wh? and fidM PKfonn, dixh+r~
execu~~. ~ffect. compbt~, oomply with and abid~ by each u~d wery the stiputa~iaa. ~pr~nn, aonditioi». and oown~oh of ~aid promissory not~ and tl+i~
mwtp~yt any w eitMr. and said oosta, chu~s +nd ~xp~mes, esch and ~very. ~l?~11 b~ k~w~diat~ly dw M+d p+yabbt whttha a no1 tMre b~ notia dr
mand. anempt ro oollecr or wM pe~dirgj and tM fvll anw~rnf of Nch and wsry wch paym~nt shall bw int~nar fro~n tM d~N th~not w~til paid ~t th~
rate of nin~ per centum par +iwwmt +~d ali s~id aost~. chuge~ ud exp~ns~s k~a?rnd or p~id, ~op~tiNr. with wth InqrMl. ~II b~ Nwnd b~/ 1M li~n of thY
morty~p~. _ . f
6. ih~t (a) in tM ev~nt of amr b?sach of thp Mwty+p~ a defavlt on th~ pWt of t!~ MORTCsACsOR, a(b) in th~ wMf ary oi s~id suent of momy i
herein rehned to M rat promptly ~nd fully p~id wi~hin th~rty (30) days oext after tiK sam~ ttverally Mtom~ dus and piYabN, arkhow d~nw+d or eotia. i
o. (c) in tM ewm exh and svery tM s8pulations, sgr~~+en?s, conditions and ~v~»nts of s+id promis+ory ~ and tlrs mapap~ ~nY a~iM~r ~n no1
iuly. PromPNY and fuly perform.d, disd~arged. .x.w~ed, ~fferrad, comPl~?ed. ~anpli.d wirh and •Wd~d tiy. Nwn b.hha or .ny wd~ wa+t 1h~ uid aP
gregate wm m~nrionad in said promissary note then remaininp u~p+id, with Inta~st ~oorwd, and all mon~ys wcund. Mnb~?, .h.n b.oo~n. d~,. .~d ar
able forthwiNy Of 1{1efNftN~ ~t ths option of uid MORTGAGEE, as fully a~d oompiNely as if ail of N+~ s~id ~unr d motMy vwh otipin~ily ~tipul~Nd
ro ba paid oe wch daY, snythinD in aid p~omissory note ar in thts Mort~aye ro tM ao~nary nwwitMt«dinpr and tlNr~vpon or tMr~ahK ~M opYan of
~aid MORTGAGEE, wit{wut notice w demand, wit at law or in puity, tiwnfon o~ tlwrwfqr b~puA, nwy b~ proMCUt~d as ff all moMy~ Nevnd Mnbp
natl matwed prior fo itt institution. j
7. ih~~ in th~ ~wnt that at the b~giminy of w at sny tim~ pe~tnp any wit upo~ thh Mortpap~. a to ~arcloN M, or fo rtfonn k, a to ~nfaa ~
PaYment of N+y da&m herew~de , s+id MORTG/?GEE shall apply to the Co~A h~virg ju?isdrction th~nof for th~ ~ppointnNnt of ~ R~ivw. wd~ Cowt ~MII
forthwith ~ppoint a receives of s+~ mortps~ed propHty all and iugular, indudirg atl and sLqulu tM d+oo~ne,
pofiM,. hwN ~nd nvMws from wh+fwN
wu~ce derived. each and avery o whicA. it beinp aepressly w~denrood, a hereby mortpaped N if ~qcifiully ~et forth and d~wlb~d In thi ~r~ntinp and
habendum clawes hereof, u+d wch Reoeiwr sh~ll have ~II the b~osd s~d effecriw functam and povwrs ln Mywit~ aNrvsNd by a.~outf t~ ~ R~alva. u~d
such appointment shall b~ mad~ by s~xh Gowt u ~n admined eqvity.~nd ~ mattK of ~bwl~b ripht to Mid NWRTGAGEE; v~d •without nf~r~nq to tl+~
edequscy or irwd~qwq of tM valw of the property n+«tpaped or to the wlv~ncy o~ insolvency of s~id MORTGI~GOR a tht d~f~ndanM, and that wd~
rents, profits, income, issues and revemKS shall b~ appli~d br such Receiver acaordinp to th~ li~n or pvity of ~id 1NORTGAGEE ~nd th~ prattia of wch
Court.
8. To duly. PromPtly uid fvlly pe~form, d'nchar~e, exicute, effect, cemPl~t~, oomplY with ~nd ~Wd~ by wd~ a~d ~wry th~ stlpulatWn4 +pr~M~,
c«,d~Yans and ooven~nn in said promissory nots se~d this mortpag~ set forth. '
9. That in the evant the owoership of tlw mo~t9+9~ P~~~s. o? aiY P+rt Niereof. bacomn watd In ~ pnon otlw Man t!w MORTGACrOR. th~
MORTGAGEE, its wccessws and ~uiynf, may, witho~t ratice to the MORTGApR, d~al with tuch avouwoe ot ~ua~or tn bn~?pf wifh ~~fK~na fo thi~
morrg~s and the debt herrby secur~d in ths s~ne msnner as with Mwtp~pw witlaut h sny way vitiatlnp or diadiaroHg th~ Mort~paa' Babflity h~w
under or upo~ ths debt hereby secured. No sak of the premises hercby mo.tpsped and no fo.b~ar~na on the pwt oi th~ MORTGAGEE or ha woa~wn
or assgro and no extension of tl+e time iw ths p+yment of the debt l~ereby ~ecur~d yiwn by tM. MORTGAGEE w i» wooason or aaiprr, ~hall op~rat~
ro releas~. disth~rye, modify change w affect the uipin~l liabiliry of the MORTGAGOR Mrein, ~ither in whol~ a In put.
10. It b spec;fiully agreed thst time it of tM euence of this coMract and th~t no w~iwt of any obliyation IMnundN or of th~ oblipati0n M~
cured l+Nebp ~MII at any time thereaftu be held to be a waiver of the temr htnof or of th~ instnx~eM s~cw~d Mrby.
11. In addition to the fo+ego:ng monthlY psymcros of princ:pal snd interest required by tM promis~ory no1~ s~cvnd hereby, morfp~yor Co~vNMMs
and agrees to pay ro mortgagee with esch monthly payment ~n addirional wm estimatad by mortyapee ro b~ eqwl to 1/14 of tM annual tast of th~ follow-
ing: -
A-All real property tsxes kvied w auessed agsinst the above dcwibed real estate.
B-Premiums on fire and windstorm inw:anp as herein requ:red fo be urried on the improverMnM sifwt~ o~ tIM ~bov~ d~acrib~d pnrni~M.
C-Premivms an such mortgage guaranty insu?ance as morigagca shsll from time to time dewn fif fo urry On fh~ lo~n wtur~d h~r~by.
l Nbrtgsgee shatl from time to time notify mortgagor in writing of the amamt due and pay+ble Mrew~der and suth wm ahdl tMr~upon b! dw ~i~d -
payable a+ the doe date of the ne~ct mo~thly payment and each succeuive month thercafter unHl mortpapee ah~ll ~otify matpspor of • ch~pr+~f=Wt~y
I` amount. Sirch wms shall be ~pplied by mwtyayee toward the paym~nt of nsl prop~rfy tsxes, k~wt~nc~ premium~, ~nd mottyap~ .~~Oct^
{ oremiums. ` • h y/ .
~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereumo fet his hand sed ssal fh~ d~y ad yru Ant afora~id. •1~~~ ~C~•• -
i ~.a .na~err...a tA. P. of: ~ ~*c e'3 - _ ~ :
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- BY: Ke Ha P e
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STATE OF FLORIDA ~OUNTY OF ST, IU~IE
I HEREBY CERTIFY. That on thiss~a~. - daY of Me Y , A.D. 19~.Z_,
before me per~nally appearad Ke l lv He 11 x~~ ~
respecfiively President ~ X3s~st~lcx ~ , of
Kelly Construction Company , a Florida Corporation, to me
known to be the persons desuibed in and who executed the foregoing instrument, and severally ack~owled~ec~~tF~q;f~ce•,,
~ cution thereof to be their free act and deed as such offioen for the uses and
putposes therein mentior~~d;. ~net'~Fi~t fhejr~ ~
~ affixed thereto the officisl seal of said o~rporation, and the said instrument is the act and deecl• -q£ said ~~iDrAtion.'•. ~ t
WITNESS my hand and offiaal seal at Fort Pieras , St . Lucie,~'lori de, ~~d oounty a state. =~G '
0 APJD RECOROED n~'• J:~
~ILE Nota Public, in and for State and ~oun ' ~d:•-••~'.
57. LUCIE COUNTY. FLA, ry t~_sf~esf~' ~ j ~ f
R~COP.~ :'CRIFI My Commission Expi~es: N0~1' ~n66c, State ~1 ~lena~.~ l~r~~,~•,•'"..
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~ 600K~1Jl1 PAGE~~`ttJ i~~ ~ '
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