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To plac~ ~nd ca+tinuouily keep on the bui!dingt now a here~ftN ~;twte on said land and on all equipment ~nd pe~wnally cov~red by lhii mort~- ~ p~, wirh all premi~~A theroon pa~d in (ull, fi~e insurance in the ususl standard policy form, ~n ~ sum ~pproved by the MORiGAGEE, and windstam inwr~nc~ i~ ~M uiusl ifsndard pol~cy fam, ie? + sum approved by ~M MORTGAGEE, in such compa~y or companies +s the MORTGAGEE may 1 dincl; ~nd all (ir~ and windstorm i~surant~ policiei on any of ~aid buildings, arty interesl therein or part thereof, in tl» ~pgregste sum afw~said w ~ M~xcess ~hereof, thall co~tain IM usual sta~dard matgs~ee cla~se w such othe~ clsuss +s the Mortysgee may requ~rs, m~kinp the loss unda said polb ~ ciN, s+ch and tvery, psyable to iaid MORTGAGEE as its intere~t may ~ppQar, and each and every tucA po!:cy ~hall bt promptly ass.9ned and detivered to sny MW by iaid MORTGAGEE ~s fur~her security to sald mort9age debt, and, no~ ~eu than ten (10) days in ad~ance of the expirat~on of e~ch policy, to da liwr to uid MORiGAC`E a renewal thereof, togethar wi~h • rcceipt iw Ihe premivm of such renswal; and ~her~ ihall be no fire or winds~orm insurance plat~d on ~~y of said buildingi. •ny interest thcrein or put thereof, unleu in tF+e form'~nd with the lou paYable as •faessid; snd in the event any tum ~ of mon~y becomet pay~ble under tuch polity w policies taid MORTGAGEE ~hall have the option to receive and apply the s~m~ on account o~ Ihe indebted~ ~ t~au secv~ed haeby or ro permit said MORTGACaORS to receive and uss it or any part thereof fw other purposes, wl~hout th=~eb~ waivi~~g or ~mpair- inp ~ny p~ity, IiM w right under or by virtue of this mortyspe; a~d in ~he ~vent sa~d MORTGAGORS shall fo? any reason fsil to keep the taid premiut w insured, or fail ro delive~ promptly +ny of said policies of insunnce to said MORTGAGEE, or tail prompNy to pay fully any premium therefor or in ~ny ttspatt f~il to perfotm, distharge, execute, effetl, tomplete, comply with snd abide by this covenant, a any parl hcreof, ~a~d MORTGAGEE may pl~te and ~ p~y for suth iniurance w ~ny p~rt thereof without walvinp ot affectinp any option, lien, equity, w right unde+ or by viAw of this Matpa~e, and t!x ~ fvll ~mount of each and every :uch payment sl+all be immediately dw and payable ~nd shall be~r intereit from ths dat~ thereof uroil paid a~ tl+~ rate ol nins psr centum per annvm and to~Nhcr with ivc~ interest shall be secured by the lien of thit mortgage. ~ 1. To ptrmit, commit w suifer ra waste, impaermero or deterioration of said propcrty or ~ny p~rt thereof. ~ S. To pay all and ungular the.costs, charges +nd expenus, inclvdiny a ~easonable attwney i fee and costs of abstracts of t~tle, incurred or paid at any time by said MORTCaAGEE, bacauss or in Ihe event of the failure on the part of the said MORTGAGOR to duly, promptly and futly perSorm, d~schar9e, •xecute, ~i(ett, tomplete, comp~y with snd ab;de by each and every the stipulations, agrecments, conditwns, and covenants of said promissory note and thii mortgage any w e~ther, and sa~d cosn, charges and expenaes. exh and every, shall be immedutely due and payable; whether o~ not there be no~~ce d~ mand, attempt fo collect avit pending; and the full amount of each and every wch psyment ihall bear interest from the date the~eof until paid at the rate of nine pe~ centum per annum; and all said c6sts, charges and expenses i~curred o~ paid, together w~th such interest, shall be setured by the lien of thit m0?1y~0. b. Th~t (s) in the event of any bresch of this Mortgape or default on fhe p+rt of the MORTGAGOR, a(b) in the event any of said s~ms of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and psyable, wi~hout demend or notice, or in the evMt each and every the stiputations, agreements, conditans and tovenants of sa~d promissory note snd th~s mortgage a~y a either are not ~uly, promptly and f~dly perfwmed, d~scharged, executed, effected, complcted, complied with and abided by, then in e~ther w any svch eveM the said ag yrepatt sum mcntioned in said promiuo?y note then remaining u~paid, with i~terest accrucd, and all moneys secured hereby, shall betome dw and pay- able fw~hwirh, a there~fter, at the option of said MORTGAGEE, as fuliy and comple~ely as if all of the said wms of money were originally stipulated to be pa~d on such day, ar~~thing in sa:d promissory note or in this Matgage to the contrary notwithstanding; and thereupon or thereafter at the optio~ of taid MORTGAGEE, without notice a demand, suit at law a in equity, therefwe w thereaftcr begun, may be prosecvted as if a!1 moneyi xcured hereby had matvred prWr to in instirWion_ 7. Thaf in the event that at thc beginning of or at any time pending aoy suit upon this Nb:tgsge, a to faeclou it, or to reform it, or fo enfo?ce payment of any claims hereunder, said MORTGAGEE shall apply to the Cour~ having jur~sd~ction Ihereof for 1he appo~ntment of a Receiver, such Court shail FafFiwith ~Mwint ~~Rc~i~~of said mortgaged property all and singular, includmg all and singular the income, profits, issues and revenues from whatever •ource derived,jath and every of which, it being expressly understood, is hereby mwtgaged as if specilically ut fath ~nd described in the graMing and habendvm clavses hereof, a~d such Receiver shalt have a11 the broad and effective funcnons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall bc rosde by such Court as an admitted equiry and a matter of absolute right to said MORTGAGEE, and without reference to the adequscy o? inadequxy of the value of the property mo.~gaged w to the so~vency w~nsolvency of said MORTGAGOR w the defendams, a~d that such renrs, profib, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGACaEE and the p~actice of such Court. 8_ To dul~, promptly and fully pnform, discharge, execute, effect, complete, comply wifh and abide by each and every the stipulations, agreemenb, conditaro u~d covenants in u~d prom~uory note and th;a rr.ortgage set iath. 9. That in the event the owr+ership of tFro mortgaged prcmises, or any part thereof, becomes vested in a penon other than the MORTGAGOR, the MORTGAGEE, its auccessors and ass~gns, may, without noYKe to Ihe MORTGAOR, deal with such succeuw w successor in interest with refcrence to thii mortyage ~nd the debl hereby secured in the same manner as with Mortga~or without in any way vitiating a dischargi~ the Mortgagors' li~bility hero- under o~ upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance er?-the P~rt of 1he MORTGAGEE or its succeswn w~ssi9ns and no extens~on of the time for the payment of the debt he.eby xcured g~ven by the MORTGAGEE or itf successors a suigns, sMll operate fo retease, d~xharge, modify change or affect the orig~nal I~abil~ty of ~he MORiGAGOR here~n, either in whole w in p~et. 10. It is spedfically agreed that time is of the esxnce of this contraa snd that no waiver of any obligation heievnder or of fhs obligatan sr tured hereby shall at any time lhereafter be hefd to be a waiver of the terms hereof o~ of the instrument secured herby. 11. tn add~tion to the fwego:rg monthly payments of princ'pDl and interest required by the promissory note secured hereby, mortgagor tovenants and agrecs to pay to mortgagee with each monthly payment an addirional sum est~mated by mortgsgee to be equal to 1 j 12 of the annual cost of the follow- irg: A-All real property faxts levied or assessed agalnst the above described resl estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate o~ the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagce shall irom t~me to time deem fit to carry on the loan secured hereby. i Mwtgagee shall from time to time notify mwtgagor in writing of the amount due and payable hereunder and such wm shall thereupon be d~ and payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shali notify mortgagor of a change in.su~h amount. Such sums shall be applied by mortgagee toward the payment of real propeAy faxes, insurante prem:ums, aixl mwt~~p!' guaibMy~yinsur3nte ~ premiums. , • r' , IN WI , t said MORTGAGOR ha: herevnto ut his haod and seal the day and ar fi~r}t afor id. , f'••• ~,~r sg , s ~ ~a in the prese~te of: y(~OI1S`~r Comp~O,y,_.~". FILED AND RECO ST. LUCIE COUNT . _ ~ " Pie .~4 - ~i - r` f? ?'Z `i F R 1 f" D - _ ' ~(Sea4 Q: fl1.tAR_ ~~4a~~J ~ . , : ~ (Seah '68 FEB I3 AM 10: 3 STATE OP FLORIDA ~ L7`tG~~ , • Saint Lucie ~ COUNTY OF ' •~~~~~~~~~W-.~_~__._J . _ . 1 . . t~ I~ _ _ _ . _ _ ~ _ .._1 . CLERK CIRCUIT COURT: STATE OF FLORIDA COUNTY OF ST. LUCIE F ebr uary 6 g I HEREBY CERTIFY, That on this ~ a day of , A.D. 19 , before me personally appeared Kelly Hall e~ Tesped'wo~y President an~- Se~refery~ , of Kelly Construction Company Florida , a Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentioned; ~rtd ~-that•.tfieY affixed thereto the official seal of said corporation, and the said instrume~t is the ad and deed Of said ~rporotign. ; • : t . _ . WITNESS my hand and official seal at Fon Pierce j~said county an state. • T;s'S ~~~~';.'n..~: ! .1 ~ _ • , ~ ~ , ~ "n. ~ !,y~ Q~T-[, ~7. _ First Fr~-~~:.. i - . ` • - : - i i Gfi ~t::;;;z Notary Public, in and for State and County afgresaicl,- ^ My cpmmission Expires: r1-Z~¦ By O~ IIOrAflY C~ t_.7A'AT LAII~E MY COlV~.r: . . ...v. 26. 1971 ronnco ir....,.,,,., FH_p yi, D~ES(cLMORl~ BOOK~~~U PAGE~.433 ck ~ ~ ~ ~~3 ~ ~ - _ - ~ r.-