HomeMy WebLinkAbout2896 To plau ~nd contiM+a?sh? ke~P on th~ b~+ildinps now a Mr~ahK dtwte o~ said la~d u+d on ~II p~ipment Md P~rw^+1~Y cownd bY this morp~
p~, with ~11 pert~iwm rl?K~on p+~d in fvll, fin i~suwna in rFr wwl ~rardard policy fo.m, ~n ~ wM +pp?owd by th~ MORTGAGEE. ~nd wf~torm
Mnuano~ in ~M uwal sunda.d policl? fann. le a wm approwd by ~M MORTGAGEE; in wch comP+~Y a oon^P+n~~s p tlr MORTGAl3EE may
dind~ ~nd ai) fin uw! w'u~torT inswu~ PoliciM on ~ny of said build~nps, ~ny int~nst tM+~in of paN the~rof, h ttN apprp~q wm ~iors~W a
M~xas~ ~Mrwf, ihall oontain t1» uswl u~ndxd matp+pN clava w wch al~ c1~rs~ a tM JNortyapN m+Y nq~+in. m+kinp tM bu w'd~' s"d pd}
dw ~+ch .nd wKY. P+r•W a~+id MORtGAGEE as ih int.nal mar appc+?. .nd tach .nd ~vKY H+d? Pclky •h~ll b. pron~pNy as:pned and d.liv.r~d ~e
~ny MW by wW MORTGAGEE ~s iwtMr s~cu?ity ro faid mortp+~ d~W. snd. ~ las M~ t«+ (1~ d~ys In ~dvana of th~ ~~p&afion of ~ po1k1?. b d~ •
livw ro wid MORTGAGEE • raMw~l tM.wf, wpetha with a ~eaipt fw tM pnR?iue+ of wd~ nnewalj and r!~ sMll b~ no fin w wind~~an~ ~nsurana
plao~d on any of wid build'up~. +nY interat ther~in or pwt tiwnof, unlas In tM iam'and with tM los~ p~y~bl~ a ~fons+ld~ and In t!» ~wnt u~y win
of mon~y bKOnnp paYaW~ w;der wd~ polity or polici~s aid MORTGAGEE sh~ll h~v~ th~ option to rKriw ~nd ~pp~y tl+~ urt» On aooount ol tM Md~bMd~
mp acw~d I~~py or q pKmit said MORTGAGORS ro reaiw ~nd us~ H w~ny parl tAer~of fw other purpos~s, wi~hout thereb~ w+ivi~y a imp+ia
kp anY puity. li~n a riphl w~d~r a by virtw d tNs nwrtp~et +~d h tM ~vMt aid MORTGJIGORS shdl fw a~y rNwn fail ~o kkp tM a+id pr~rnika w
tmw~d. a bll b d~liwr P~~Wh +~1? of wid policies of inuxsncs ro aid AIIORTGAGEE. a t~~i P.w~~y a Par t~,iN +M? a+.~?„~,+ tM«fa a h an~r
erap~et i~il b p~rionR d~dwrp~. ~x~eut~. ~fi~. eampl~h, oomP~Y with and ~bid~ b~r tha eown+nt, a ae?y put hN~oi, uid MORiGAGEE nwy pl~ee ~nd
Wr ta wd~ Mrw~ a any pat tFwr~of without w~lvinp ar afhctinp +ep aWion. li~n. p~iiY. w dpht w+dK or by virhr~ of this Mortp~. ~nd th~
full amou~t of ~ach ~nd wKy such payn~N sh+ll b~ Menwdi~»ly dw and p~r~bb and shall ~ar int~rat fran tM dat~ th~»of uruu pad M tM ol ~
,rM pw pe,w,n pa anrwxn and wpether wiM wcA intaat shall b~ ~ecvr~d bp th~ lia ~ of thi~ nartp+p~.
1. To pKmit. oonrnit aa wffa ~o w~s». bnpairment a deh?ioration d aid propKty w ~ny prt tMnof.
S. To pay ~II a+d sMipular tM.oosn. cMrp~s w+d ~xPa~ses, i~lvdinp s?eaaaabl~ atto?n~y's f.~ .nd aosn of absnaas of titl~, incwnd w p+id ~t ~
~ny tinK b~r said MORTGAGEE, b~ca~q o~ in the ~vMt of th~ failw~ on tM p+N of tM s~Id 11AO1tTG/1GOR to duly. promp~h +nd fi+~h P~for~, dixh+~
~xecvt~. ~ff~ct. oomPlNe. oomplY with and abid~ by ~rtb ~nd ~very the stiputationa. +qraam~et~. ew~ditiora ~nd tovKwnb of wid praniswty noN and thit ~
~+eY w adw~. ~nd said aa», dwqes +^d ~xpxws. each ~nd wery, sh~ll M im~n~diat~y dw a+d p~yabbr wMrh~r a not tlwn be notid d? ~
~nM+d, atlempt M colkd a wit ~nd'N+ps +nd the (vll anawN of ~sch and ew~Y wd~ WY~~ ~+11 be~r inte~~ fran th~ da» tlwso/ w~til paW d tM
~at~ of rw+~ per u++tum pM +nnum: u~d all s~id ods». cMryes ~nd exp~roes in~wred or pald.lopetMr with wch inler~sl, ~Aall b~ s~cw~d by tM IiM of tlw
mortp+p~.
0. lF~t (a) in th~ ~wnt of any brrach of this Mortp+p~ or d~fwh on th~ part of tM MORTGAGOR, e? (b) in tM ~wm a~y d ~aid swnt of nwney
Fwnin r~f~rt~d to b~ no1 prompty snd fully p~id within thirty (30) d~ys n~at after th~ aan+e ~evaally betan~ due and p~rabl~, withoW deenu~d a notict.
or (c~ in tM rwnt ssch and wery the stipulatio% agr~oq. ca~d~rioro and cov~nn of s+~d promisw?y nor~ and th~s mo?~Y+p~ +~Y a ~itha u~ no1 ;
~M. W~P~Y ~nd fully pKform~d, discharped. ~xenrhd. effictad. caaPkted, compl~ed with u~d ~bided by, tlwn in eitMr w any wch ~wnt tM s~id 1
4r~N sum mantiorNd in aaid promissory non then nmain'ug unpaid, with infersst ~caued. and all maieys s~cur~d Mnby. sMll beoon~t dw and pap ;
abb iwthwith, a ~Mr~aRN. at the opria+ of said MORTGAGEE, as f~,ty .~d conpk~ey ss ii all of tF+e ssid svms of mon~y vwre orip'malty stipubted j
ro be paid on wch daY. anl~thug in said prom~swry na~ w in rNs Mortyay~ ro tl+~ oonu~ry nonaithsru?d~rg; ~+d ~F~erwpon or ther~~ha at th~ op~io~ of
~aid MORTGAGEE, wittaut ooY~u a de+n+nd, wit at la~v w in pviry. tMnfon or thereafter beyw~, m~y be prosacut~d as if ~II maiey~ s~aw~d hK~by
hif~ mafWld ptiOf t0 ib IrlstitutiOn. -
7. TMt in th~ ~vent tM1 ~t tM beginniny of w ~t ~y tim~ perKi'rg aoy wit upon this Matg+ge. or to foreclo~e it, w to nform tt, a to enfac~ ;
p~ym~nt ~ aMr daims hereund~r. s+id MORTGAGEE sMll ~pply to ths Coun h~viny jurisdictan ~hereo( tor the ~ppantment of a Raceiver. such Cowt shall
forfliwith appoint a nuiw? of ss~! enortgaped property ~II and sinpular. indudu~g atl and s~npular the incwn~. pofin, iuws ~nd nve~ues from wha:evsr ~
sowp daived. ~ad~ uid wery of wh;ch, it beinp ~xpressly underitood, a hereby matpa9ed ss if tpecifically wt futh and dewib~d in tlw.pr~roirg and t
Mb~e?dwn dauses hxeof; ~nd such Rec~ive? thall have all tM boad ~nd effactive funct~ons and powen in anywise entrusted by a Cauh to ~ Receiva, and f
such ~ppointme+?t shall be m~de py sud+ Court u an admitted eqvity ~nd a matter of ~bsdute right ro said MORTGAGEE. and withovl referr~ct w th~
adequ~cy or insdequscy of the wlve of the prbpe~ry morty~ged or to tM solvency a insolvency of said MORTGAGOR o~ the defenda~ts, and that wch
rMta, p~ofits, income, iswas snd rwenws shall b~ appli~d by such R~oeiver ~tcordinp 1o th~ lian a equity of s+id Al10RTGAGEE and tht practia of wch
Co~nt. ~ .
s. To duN. P?«nPty ~nd fuly pMform, d'achsryt. execute, eHecr, oompkte. tomplY wi~h and ~bid~ by ~ach and evKy tFM sti~wlatlom. ~9riamanM.
oo~d'itans and covenann in sa~d promissory nots and tlus mortys~e set fo.th.
9. That in tM event the ownenhip of ths morty~ped premises, or sny pan thNeof, becomes veated in a penon othsr th~n tM 1NORTGAGOR, th~
MORTCsAGEE, its wcoessora u+d augns, may, without nor'~ce fo ths MORTGAOR, dsal wi~h such waeswr or wueswr in inrueq with rofersnoe a this
enorty~ u~d the debt he?eby senxed in the same m~mer q with Mwtgsgor without in sny way vitiatkg a dischupinp the Mwtys~ors' li~bility Ikr?
under or iipon the debt her~by sewred. No sale of the premises hereby matysped +nd no forbeu~na~ on th~ p+n of tM MORTGAGEE a ib wocesso~s
or ~asiyro ~nd no extamion of the time for the p~yment of th~ debt hsreby secured 9iwn br tM MORTGAGEE or ia sucoessors or ~ssipns, shall op~nN
b nkas~ disch~r~e. modity cM~g~ or affect the orgin+l 1'ubiliry of the MORTGAGOR haeiA, ~ither in whole or in put. ,
10. It 4 specifially agreed th~t tirne is of ths esserKe of fF~is conrwct snd th~t no wirver of s~ry obligation Iwre~rnder w of t!r ~blip~tion aa
cur~d hareby shall at aoy tin~ thereah~r be held to be a waiver of the ternu hereof a of Hr imtnxna?t secvred herby. ~
•L~~~atttu~I~,,, :
11. In ~ddiYan ro the fo?ego:ng monthly psymems of princ:p~l snd inte~est required by the prom~s:ory note secured hereb~p~
~ and ~grees to pay to mortg+~ae with esth mw+thlY payment an addition~l sum estimsted by mortyagee to be equsl to 1/12 of the.,~~l~u¢~~•.~~ .
iig: . ~
:
A-All real proparfy f~xes kvied a assessed ayainst the above descn'bed real eststa i~~' t~•`
, d-Premiums o~ firo and windstwm inwrance as herein requ~red to be urricd a+ the improvemenb siwste on the abo~e:~de~r~,~ T " ~R"
T "s c
C-Premiums on s4d~ mortgsge 9wrsnty inw~ance as mortgsgee sh~ll from time ro time deem fit to c~rry on the baj~,~red,~r~y.:
i
~'4 Mwtg~gee shall from time ro tirne ratify mortgago~ in writag of the smount due and p+y+bk herew~der ~nd wch w1h ~y11 ~etrpw~ bq~ d~~ =
` payable an the due date of the next montl?ly p~yment and esch wccessive month thereaher until mongspee shall~ notify rn6ttq~ ~.j~than~e 1;?~
~sdth~
! srnou~t. Such sums shall be spplied by mort9spce toward the payment of real property taxd, insvrance premwna, and 9uannfy ~y~ut~nqr
premivms. „•••'_~:'o``..
( IN WITNESS WMEREOF, the said MORTGAGOR has hereunto ttt his h~nd and seal tM d+y and yeu first afaesaid. ~i.f~~
i .na ~iw. fh. of: f
A
• ry
B • nt
STATE OF FLORIDI~ COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this 3-- day of November , A.D. 19 b7 ,
before me personally appeared Kel l.~ Hall -end ~
respectively President ~nd ~eereta~r , of
Kelly Constru~tion Co?~any , a Florida Corporation, to me ~
known to be the persons desuibed in and who executed the foregoing instrument, and severally acknowledged the exe-
. . 1,,,,:.,.
cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentior~~~i~ ~jy~,,~,,
1
~j
affixed thereto the official seal of said oorporation, and the said instrument is the act and deed qf;~~uf'corpof~}'io~r :
WITNESS my hand and official sea) at Fort Pierce said ca?nty a stata; /~~.~1
:r
_ _ = • ~ 'I •'r
FILED ANO RECORDED ~ ' G v'~~ =
ST. LUCIE COU~~TY. FLA. ~ > ~
F~ ~ t_ ~ F.:: Notary Public, in and for State 'riby ~oresai
, . 43~ My Ii~Ury f~ifi~n~~r , ~ •
16i • ~~"a 1464 ~ y a ~s
n c..~.~~ ~ ~
3 ~ L 8 ~y AMr~CM fN ~ CMW~f G• . , t
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. ~.rt-. .1)
~~K CSRCVIT COU~T
~ BdOK ~60 PAG[ 28p't ~ ~ ~ ~j
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