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HomeMy WebLinkAbout1436 3. To plu~ and contlnuously kcep on ths buildings now w hereafrer ~itu~te on sa:d tsnd end on all cquipment +nd penon+IlY cov~red by this mwt~ ap~, with •II pemiurtlf thereon pa~d in full, fire insuranct in the usual standard policy form, ~n a sum ~pproved by the MORIGAGEE, and windito~m insuranc~ in tM u~u~) ~tandard pol~cy fam, in a sum approved by the MORiGAGEE, ~n such company w tompaniei ss th~ MORTGAGEE may dir~ctt ~r+d sll iir~ ~nd winduorm insurance poliues on any of taid build~ngi, +~y inte~es~ the~ein w p+rt thereoi, ie? tM agqregat~ ium afa~Nid ot In ~xt~u thsreof, sMll contain tM uswl standard matgagee clavse w such otha clavse as tM Matp~gee m~y requ~rt, makinp ~M lou undN uid po1F tiy, esth a~d eve~y, payable to said MORTGAGEE a~ it~ interest may ~ppaa~, and each a~d every tuth polity shalt be promptly au:yncd ~nd delivered to ~ny held by said MORTGAGEE as iurther iecurity to iaid matyage debt, and, not leu tMn ten (10) days in advancs of 1he expiration of each poliq, to da liva fo said MORTGAGEE s renewal the~eof, togstMr with a rcceipl for the premium o( iuch renewal; and there thall be no fire or wind3lo~m infurant~ plKed on any of said buildings, any interest therein w pa.1 thereof, unleu in tl+e fon+i ~nd with IM lou p~yable as afues+id; and in Ihe event ~ny ium of monsy becomes pay~ble vnder such policy w policies said MORTGAGEE ihall haw th~ option to receive and apply the umt on acco~nt o~ tFu indebtcd~ neu secvred hereby a ~o pe~mit uid MORTGAGORS to receive and use i~ w any pa~t ~hereof for o~hc. purposes, w~~hout ~h:rebi wa+vi~.g o~ impair- inp ~ny puity, litn w right unde? w by virtue of th:s mo:t9ags; and in the event iaid MORTGAGORS shsll tor any reason fail to keep the uid pr~mius w i~svred, w fsil to deliver promptly ~ny of said policies of insunnce to said MORTGAGEE, or fail promptly to p+y fully any premium therefo~ o? in any nspect fail lo perform, discharge, execute, effett, camplete, comply with and abide by this cove~ant, or any pan hereof, said MORTGAGEE may place ~~d p~Y tor euch iniurance or ~ny put the~eof without watvirg a affettinp any option, lien, equity. a ripht vnder w by virtue of thii Mortg~9~. and tht fvll amovnt of each and !very such psyment shall be immediately dus and pay~ble and shall besr intere~t from ths date thereof until paid al tM rat~ ol nins per centum per annum and to~etht~ with iuth interest shall be secured by the IiM of this mortgage. To permit, commit a svffa no waste, impaerment w deterioration of said property w sny pat thereof. 5. To pay all and ungul~~ the.costs, charges and expenus, includinp a rcasonabte ar~wney i fee snd costs of abstrarn of title, incurred or paid a~ ~ny time by said MORTGAGEE, because w in the event of the failure on the part of tM said MORTGAGOR to dvly, promptly and fully perform, d~scharge, • execute. etfed, complNe, comply with and sb:de by each and every the sfipulations, sgreements, caxlitions, and covenanb of said promiswry ~?ote and this _ mortgage any w either, and sa~d costs, charges and expe~ses, each and every, shall be immediately dve and p~yable; whether a not there be notice de__ mand, attcmpt ro collecf w iuit pend~ng; and the fvll amovnt of each and every s~ch paymem ihsll bear inrerest from the date thereef ~ntil p~id at fhe rate of nine per _centum per annum; and all said costs, charges and expenses incurred w paid, togetFxr with such intcrest, shall be secured by the lien of tha mOrlp~pe. e. That (a) in the event of any breach of this tgape or default o~ the pa?t of the MORTGAGOR, a(b) in the event a~y of said t~ms of money herein referred to be not Frompt~y and fufly psid within th~rty (30) days next afier the same severally become due and p~yable, without demand o~ notice, a(c) in the eve~t each and every 1he stipulatwns, agreements, conditions and tovensrts of sa~d prom~ssory note and th~s mor~gage any w either are not !~?ly, promptly and fully perfwmed, d~scharged, executed, effected, compteted, compl~ed weth and abided by, then in e~ther or any s~ch event the said aQ pregaro wm mentaned in said promiuory note then ~emaining unpaid, with interest accrued, a~?d a!I moneys ucured hereby, sha~l become dw and pay- able fathwith, a thereafter, at thc option of said MORTGAGEE, as fully and compie~ely as ii all of the sa~d sums of money were ori~in~lly st7pulated ro be paid on s~ch day, anything in sa~d promissory note or in this Mortgage to the contrary notw~thstanding; and thereupon o? thereafter at the option of aid MORTGAGEE, without notice w demand, suit st law o~ in equity, there(we w thereafter begun, may be prosecWed as if all moneys secured hereby Md matured pna to iri institution. That in the event that at the beginnirg of w at any time pending aoy suit upon this Mortgsge, w to fpeclose i1, a to reform it, or to enfwce p~yment of any claims hereunder, said MORTGAGEE shall apply to the Cou~t having jur~sdiction fhereof fw the appomtment of a Receiver, such Court shall fortliwith sppoint a receivcr of said mortgaged property all snd singular, includ~ng all and singular the income, p?ofits, issues snd revenues from whatever wurce derived, each and every of whKh, it being expressly understood, is hereby mortgaged as if spec~ficalty set fath ~nd described in the granting and habendum clavses hereof, and such Receiver shall have all the broad and effettive funcnons and powcrs in anywise entrusted by ~ Court to a Receiver, and tuth appointment shall be made by auch Court as an sdmitted equity and a mattcr of absolute right to said MORTGAGEE, and without reference to the ~deqvacy o~ inadequacy of the value of the property mwtgaged or to the soivency or insotvency q( uid MORTGAGOR a the defendants, and ~hat auch rents, profits, incane, issues and revenues shall be applied by such Receiver accwd~ny to the lien or equity of said MORTGAGEE and the praUice of such Coutf. . S. To du~•:, promptly and fully perform, diuharge, execute, effect, comptete, comply with and abide by each and every the stipulatior?s, agrcemenb, conditans and coven~nts in said promissay note and this mortgage xt fwth. 9. That in the event the ownership of the mortgaged premises, or any part the?eof, becomes vested in a person mhe? than the MORTGAGOR, ths MORTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with sueh successor or sutcessor in interest with reference to this mortgage and the debt hereby secured in the same manne~ as with Mortgaga withovt in any way vitiating w dischargirg the Mortgagors' liability here- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearance on the pan of the MORTGAGEE w its successors w augns snd no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successon or au~gns, shall operate ro release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whok w in part. ~ 10_ 1~ is spec~fically agreed that time is of the essence of this conuact and that no waiver of any obligation hereunder w of fhe obligatio~ se- a.red hereby shall at any time thereafter be held to be a waiver ot the terms hereof w of tIx instrument secured he~by. 11. In add~tion to the fwego:ng monthly paymenls of princ'pDl and interest required by the promiuory ~ote secured hereby, mortgago~ covenants and sgrees to pay to mortgagee with each monthly payment an add~riortal sum estimated by mortgagee to be equal to 1/12 of the annual tost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the Ioan secured hereby. Mortgagee shall from time to time notify mwtgagor in writing of the amount due and payable hereunder and such wm shall th~yeupt~;~ ~ an~ i payable on the due date of the nezt monthty payment and each successive month thereafter urtil mortgagee shall notify mortgaqoi` Qf~~ ~~~~l~y amount. Such sums shall be applied by morigagee toward the payment of real proaerty taxes, insurance prem.ums, a~x! moAgage~.j6a~jnty ~rt}~Il~ct premiums. - =a IN WIT 'H F, e aid MORTGAGpR has hereunto set his hand and seal the day'a ~rear 'r ~fqr esaid. • ' .3' ~ S" . Se a i ed in the esence af: xe~iy STILiC~ .~plt •~3ID~Aj7,: _ FILED AND R~CORDEDg ' ' `A ST LL'C~~ Ct?U!lTY, FLA. y~ _ . ' ' . _ . = ~1=. ' n: ~ ~ ~ 164318 - . -«.4: 'C9 FE 3 13 A~i I t, . 5 3 ~ t~ r~~ (s~+n STATE OF FLORIDA ' ,~J ~ r courmr oF Saint Lucie ~ u' `'~l~~G~L,~~ _ t! . t:v; T .5 - - - - CLERK CIRCUIT COURT STATE OF FLORIDA COUNTY OF ST. LUCIE - I HEREBY CERTIFY, That on this Rebruary 68 l a day of , A.D. 19 , before me personally appeared Kelly Hall a~ _ rexpe,d~ek~ ~ :esident ~ j',~etery • ,of , , , Kelly Construction Company Florida • • . a CorpoCation`-to me ` : known to be the persons described in and who executed the foregoing instrument, and severally acknoWled~edRt}~e exe-~-~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; aAd~a~th~y, = affixed thereto ihe official seal of said corporation, and the said instrument is the act and deed said corporatic~a~;~~`',-~' ~ WITNESS my hand an~Lpfficial seal at Fort Pierce , 3aid nty afd state. - . .t ~~'~?lii..r~,•~ / a ~i :,L'~.• . . , _ - ' '.~•'•~`i,' _Y~ ~ ' Notary Public, in and for State and County aforesaid. • ~ i My h~mmi~S~~~~~~~~~OF ~~~f.~4RT'L~f1~iE ~'V O~ N!Y CG:.~;. :;N E~{~i~cS "•U'/. 2t. 197; ~l ~ ..~~s~e~n..na. ooraacu ~...a.......+ r _ u w. ' ck ~ _ ; BO~OKI~~U PACE14~31 ~ . ~a~ : . ,~:~w $ _ _ ~~~b „ - ' ~Y:__ ' "