HomeMy WebLinkAbout1092 To p1ac~ and ca~timwusly kaep on th~ bui~dinps now w h.r~afr.. un,ara ~n •a~d ~a~,d and on .11 eq„~r .~,d p.ann.uy cowr.d br ~ha ~or~. ~
p~o, w~~h ~11 peneivm~ :hN~on pa:d in futl, fir~ insw~nct u+ tM uswE ua~dard polky fwin, ~n • swn appror~d by th~ MORfGAGfE. ~nd windtrwm
iraw+nc~ in Hw ~rswl uu~d+rd poi:cy forn~, in a wrn a~o~ed by ~M MORTGAGfE; in sucA comp~,y w compu+i~s as tM MORTGAGEE ~n+r
dind: and ~It tu~ and w~nd?arm inswana polic~ on any OI Hid buildin0i. Mly i~1lNt~t tAl+lin Ot put NMrfO{, in th~ y~.e9~r~ wm afanaid or
M exoess ~hereof, sMU conuin t1+~ wwl s~andard margapN ctaus~ a wch otlwr da~rs~ ~s tM Mat9+~ ^~+Y n4u'ue. +n+~inp ~ho losi wwlM ss:d pol}
cia. ~ad. M+d ~wry, parabl~ w uid MORTGAGEE as ~n ?nterest maY app~u. ~nd each u+d ~ve.y sud+ policy shall b~ pra++pHy us:y~sd and ddiv~r~d eo
~nr Mld bp s.~d MORTGAGEE fwtlyf 3KV~ity 10 iiid rtWr:~~Qf dtbt. ~nd, not Isu than t~n (10) daya in adv~nu of th~ ~xpirarion of ~ach policy, to dr
tiwr b~aid MORTGAGEE • ~a+ewal thsreof, ~opt~he? wiiA • rect~pt fw tM p~amiwn of wch reeKwat; ae+d tt?e« sl,al: b~ no iw~ w wind?eor~n inwranc~
pl~ad on ~ny ol uid b~iWinps u?y inta~st ~her~in or p~n tAt~wi, vnl~ss in th~ forni ~nd with tM loss paY~bl~ ~s ~iw~saM; ~nd in the ~weu any vwn
of ~nary becornes paYaW! w~der suth potity p pdici~s taid N~ORTGAGEf shall haw tht option ro rete:w and applr t?K sain~ on xcowN o~ ~M ind~b~ed~
e~s secvnd Ae~~by a a pe~mit s~id lMORTG/1GORS ro recaiw and us~ b w a~y put the~eof fw o~hc~ pusaoscs, w~thout" ih~eeb~ waivi,.g or anpair-
irg any pu~y, lia+ w rqht undu w by vir~w of tha mor:~; and in tM ~vent said MpRTGl1GOR5 sMll fw any reawn fait ro kstp tFK u'w! pw~r~srs ao
~ured, a fail a d~livs. promptly ~n~ of aaid polKis~ oi ~nswa~xs w sa;d MORTGAGEE. or i~il promptly Io pay fully any pr~.nivm ~her~for or in anr
n~ i~il ~o paforn~, diuM.y~, ~xecuta, ~ff~u. compl~q. cwnply wi~h ~nd ~b+d~ by ~Ais oovenanr, a any par~ F~ueoi, said MORTGAGEE may pl~ce and
WY fw such imwx.:~ or x~r p~.~ tM.eof w~Mour watvinp or affecti^a +^r aW~, ~iM+. M~%tY, w riyh~ und~r a Ry virtw of th:s Mor~ap~. and ~M
full srnowu ot sacA ~ed twry wch paymem shall be Nnnediat~ly dw and p~yabb aad aha!t b~u inte~est from ~hs dat~ ~hKeoi until paid a~ tM rat~ ol
~im pK ca?twe pa amwn and toge~her with wcA intersar shalf b~ secwed by th~ li~n of tAis morrpaqe.
1. To permit, ao~nif or wffu oo wut~, impa'vme~t or dete~ioration of said propaty or any pirt ther~of.
S. To pay ~11 and :irpular thr.cost~ cF?~rQp and expenses` usclud~np ~ reason~bl~ a~wrney i fet and oo.ts of abat?~cts of tid~, incvr.ed w p~id a~
~ny tims by ~aid MpRiGAGEE, b~caus~ or in the swnt of th~ tailuro on tM pan of tM s~id MORTGAGOR to duly. prompNy and fully pe~Forn~, d~xharg~
f7cKUtl, f1fKf, complet~. ~omp1Y w~th and a~:d~ by each and every the itipu.at~ons. ay~eem~nn. cond~tiorq, and covenants of said promissory nW~ ~nd rhu
na?~p+~t +nY or e~~hsr. u?d said cos~s. dwpes ~nd s:perKes, exh and wery. shall be imr*~ad~ately dve and p~y~bk: whether w nw ther~ b~ noNce de~
~n~nd, ~nempt w colkcl o~ wit p«KGng; ~nd th~ fvll amount of ~ach ad every wch p~Ymsnt sMll bear ;met~st irom ~he date thertof ~ntil paid at thc
ra~e of nin~ per cce~twn ps~ arowm; and dl aaid edsts, chupes and exp~~?ses incw~ed or paid. tops~ha w~~h such interest, sh~ll be secwed by 1M li~n of tha
~norqp~.
A. 1'h~t (aj in the evenl of any breach of this 1Nortgap~ o? defwlt on tl+~ psA of th~ NtORTGAGOR, o~ (b) in tFN evcm ~ey of ta~d swns of mor~ey
herein rete~r~d to be eot a~ompny and ivliy paid wi~h;n th~rty Cdp) days nea~ af1e~ ~he sarn~ aeveral:y become dw and p~yabM. wi~hovl de+eaod o~ notice,
o~ W in t1x wMt each ~nd every tM stipuiations, ~greemenq. conditiona and covee?~nn of s+~d promissory note ud th~s mortp~ any a ei~her ar~ no1
iuly. prompty and fu11y perfamed, d;scharpecl, executed, ~f(ected, campteted, cornpl~ed w~th ~nd ab+ded Sy, then in e;the? a ~ny such ~vsnt the sa~d a~
~,'e~+h wm menNoned in said promiasory oote then rem~ini^p unP+~d. with inrerest ~cuued. and a11 moneys s~cured hc+eby. sh+ll become du~ and P+Y-
abl~ forthwirA, o~ thaesfter, it the optan ot said MORTGAGEE, u fully and cwnple~ely as if ~tl of ~he said swm ot money were orgin~Uy ~ripub~ed
ro be W:d a^ such d+y. +~yfh++g ir~ sa~d p?om;ssory nws w in this Mortgage to the connsry norwithsand~n~: aad ~hereupon w thereafter st ~M option of
s~id MORiGAGEE. withovt nork~ or demand, suit at laa or in eq~rity. there(ae w the~eaher bepun, may be prosecuted u if ~II mo~eys setyred hereby
h~d maturad aqr to ib irotitution.
7. Th~t in rh~ event eAs/ af rhe beq7nn;ng of w s1 any r;mt pending aoy su2t ~pon this Morfgage, w to forectoss it, w ro retorm it, a to enforce
p+y~nent of any cl~ims haeunder, sa;d MpRTGAGEE sMll ~pply ro the Court h~viig jwisdKtion thereot iw the appaMment of ~ Recciver, such Court sh~l!
fWtMNitI1 a~fOie1! i fKHVQf OI tiid rtqff9igl~I pfpPl1ly iII if1~I ~i~1gVI3/, inchd~ng aU u~d singvlu the income. polits, iswes and re,romres frwn whatwer
~axce derived. exh and every of whkh, it beinp e~tpressty u~ders~ood, is I+ereby morrgaged u if spcufically aet for~h and described in the g.snring an~'
!~+lwKlum cl+uses hxeof. if~ ~YCII RKliVN SFNII IfiV! iII tFIQ tMOid anl~ lf~K~iVe ~tlnCt~pnS and PpryHi Ir1 ~f~yWit! MtfWfld by a COY/1 /O i RK~ivN. u+d
such +ppo'v++mtn? sAal~ be rnade by wtl+ Court u an idmitted equity ~nd a mane~ of absolute ~ght to said MORTGAGEE, snd wieFaut reference ro the
adeyo+cy or ir~ade~wty cf the v~lue of the propt+ty moreg~ged or to ~h~ so~vcn~y p;~~1~r~y of said MORTGAGOR or the dcfenda~ts, ar~d ~hat such
reors, proi~n, income, issues and ~evenues flyU bt a~Ijld bY ftKll RKNVN accwd;n9 to the lien or equ~ty o! said MORTGAGEE and the pracY~ce of wch
Co~ut.
6. To duly. promptly ~nd fully pertorm, disch~~ge. execute, effect. e?r. cam 1 w~th ~nd abids
conditans and covenu?ts ~n said prom~s COf"~ P Y by ~ach u+d every the st~putstions, agreemenn,
sory ~o~e and ~his mortgage set forfh.
9. Th~t in the event rM ownersh:p of the mwt9aQed p~emises, a any part thereof, becomes veated in • person other th~n the MORTGAGpR, the
MORTGAGEE, its successas snd suigns, may, wiehout oor~ce to the MORTGAOR, deal with such succeuor or succeasor i~ in~erest with reference to this
mat9~e ani! the debt hereby secured in ti+e same mamer ~s w~th Mortgsgor withoW in any way viriating or d~schargirg the Mwrgagors• IiabFli~y here.
under or upon tF~e deb~ hereby securcd. No ssle of the premises hrreby mortgaged and no (abe~rance on ~he pan of ~he MpRiGAGEE w its successors
or ~ssigns snd no exttnsron of the time for the p~yment of the dcbt hereby secured g~ven by the MORTGAGEE a its wccessors w usig% ,fialt operats
~o releast dsc}wrye, modily change or affett the wiginil IisbiGty of the MORTCaAGOR herein, eitlx? in whok or in pul.
10. It is spec~fically agreed tMt time is of the cssence of th~s comrsc~ and thst oo waiver of any oblganon herevnd~r or, ,qf, j1y~ obl;pation se, ~
twed her:by ihall at any time thercafter be held ro be a waiver of the te~ms hereof a of the instr~nt secured herby. CO ~4~~~f~,
I1. In add~tion ro the forego:ng monthlY paYmrnts of p~inc'p~l ~nd intcrest requi~ed by the pror+istory rwte secvred.•lie~(~I;~p~pW~ (~nae~ts- t
• ~ agrees to pay to mortg~gee with each mon~hlY paYrnent an ~dd~rional sum est~mated by mortgagee ro be eq~sl to 1/12 ~atiiy~~t~ f.[
~t~`ot~w- i
~ v
A-All r~al property ta~es kvied or assessed aga~~s~ the above dcscribed ~eal estate. i`` ~ = -
d-Premfums on f;re and windstwm irewrance as herdn reqv~red to be carried on the improveme.~ts sitvate on the ~bo~re; d~aib~ pree~ises.~
C-Premivms on such mo.t9sge 9vu~ny ~nswar,ce u m«rgagee shall from t~mr ro time deem fit to csrry on rhe=loso ~~y{ed.,jKyeby~
Nlortg~gee sha~l from time to t;me notify mwtgagor ~n writing oi the amo~nt due snd pay+bk hereurKlx and such svw? 'sbalf
jAereupon b~ ~ ar~
WY~~ d~e date of the next monthty payrr~nt and exh wccessive month thereafter urtit mortgayee shall nptify ~nottga4q af a ~n,=~
n
amount. Such sums shall be applied by mortgsyee to,,,,ard the payment of real property taxes, insurs.xe prem:ums, and ~~ty '•6Ubiian~
puvrance
lIAIURIf• ij~ f i i
~ iN WITNESS WHfREOF, the sa" JIAORTGAGOR has hereun~o set his hand ar+d sea! the da and .
y nd yesr fint afaeas'
' rrd, akd an eliwre fhe p of:
Kell structio Compa ~n _
B ~ o
_ Y'esident rc.,n
, STATE OF FLORIDA ~OUNTY OF ST. LUCIE
' 1 NEREBY CERTtFY, That on this ~ day of -?~n~--~ ~o e
L- , A.D. 19~2,
before me personally appeared -Kelly H811 a~
respec~ively President and Seeretery , of -
Kellg Construction Company , a Florida Corporation, to me
known to be the persons desc~ibed in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free acf end deed as such officers for the uses and purposes therein mentioned; and that tF~ey
affixed thereto the official seal of said oorporation, and the said instrument is the act and deed of said corporation.
WiTNESS my harid and .official seal ~t Fort Pierce , said coun and state.
FIl.EO Ak0 RECORDED ~ ~ .
ST. LUClE COUNTY. FLA. Notary Public, in and for State nd~County afaresaid.
P.E_COR~ `l~RI~lEO Q~,/x' My Commission Expires: ~i~~ 9
Notsry PubGc. Staie ~t florida ai la:~e .~7 r~' : r C:,~'
~'F~`" w'' -
~Qt QEC ~ ~u~ 9:~~ 8 1~y C~amiss~n Ezpires l~ov. 3, 1~b9 .
boo:wd :r .~ne~~cao is~ o G:ai7 C0. ~ a~" "
' - - . ~ '
. J-~~: S _ : ; r~ ~
~ ~ - i
~I~RK CIRCUIY COURT ~ ~
...•'~-'J
' ~.r•.
-162~~ BCOK 1~9 PAGf 1081 . . ~ ~ ~
~ ~ ; -
_ - - - _ . .