HomeMy WebLinkAbout1366 To plan u+d cauinuously ke~p o~ tl~ buildinps oow a MnsftK ~ttvat~ on said land u+d on ~11 p~IpnNnt and p~rion~ly oownd by tN? i+~orq~ .
~p~, with all pnmiwrA th~r~a+ p+id in fvll, tin iniur~no~ in th~ uswl uandud policy fw~„ ~n • tum approwd by tM MORTGAGEE. ~ed wf~tam
imvrw+ce in th~ vsw) ~qnda.d policy f«n~, in • wm ~pprowd bfr ~M MORi(iAGEE. in wch wmpany w oomp+ni~s a tM MORTGAf3EE en~y
dinct~ ~ ~II fin ~nd windstonn inwnna policies on any of saM buildinp~. ~ny Inw~st tl~~in w p+~t thKwf, In tM pp.pa» ~wn ~faaald or
N~xoea tMnoi, sh~tl oontaln tlw utwl standard ~tp~ dav~ a wch aMr d~ a th~ Mapap~ m+Y nqvin, nwklnp tM low uoda s+id po11~
ciw .sch and .v.ry. Parabl. w s.W MORTGAGEE a in int.rsst m~y .pp~.r. and .uh .nd .wry tuch po~scy ~hall b. pra~npNy au:9~wd and d.ltwnd ro
any Mld by uId MORTGAGEE u fwtFw ua+rity 10 ~3d morp~ d~b?, aed, no1 I~ss tMn tM (1~ eiay~ tn ~dvanc~ of th~ ~xpk~tion of wch policy, to d~
liwr ro Nid MORTGAGEE a renew~l tMrwf, wp~thK with ~ recNpt h? th~ pr~niwn of wch nn~wal~ ~nd tMn ahall b~ ~e ~n a winduam G+wrana
pl~ad on ury of said bulldinps, ~ny intenat tMnin w pwt tMnof. uetas tn th~ fonn'and wj~h ~M Iws payabl. u afw.s.ki~ .nd h? rh. eweN any wn+
of moMy b~coma payabl~ w~dK wch pdky a polici~s ~aW MORTGAGEE sAall haw tlw optioe to nwiw and ~pply tM wn» on acoow+t o1 the fr~bted~
~as ~cw~d hu~by w b permit ~id MORTGAGORS M no~iw and us~ it a~ny put tMr~of fw othe~ purpoies, without thereb~ waivinp w impain
iop ~nY puiry, li~n or ripht unda at by virtw of thi~ mort~~peJ ~nd in tM ~wo1 s~id MORTGAGORS sMll fw ~ny nawn fail to ke~p th~ said pMmi~s so
ieuwd. w fdl ro d~lirer proe~tly a~y of ~id poliei~s of iosurana ro uid MORTGAGEE. or fail pron+ptly M paY fv~ly u~y pnmivm th~nfor a In any
rrsp~ct fatl b p~rfocn~, dischuye. ~xav~~. ~ff~cf. compl~t~. aomply with ~nd ~bid~ by Hw oowean?, a any put Iwrwf, s+id MORTGAGEE nry plaa ~nd
WY fa wd~ tna~anc~ a aoy part tl~.~of witho~rt w~lvinp w ~ff~ctinp +~ryr oWion. ~hn. pwb, a ripht vndK a by vi.tw of tbis Mortpap~. and the
full ~nt of ~sch ~rd ~wry such p+ym~M sMll b~ imrnediit~ly dw and pay~bM and ahatl b~a? intaat hon? tM dah therwf uo1i1 paid M th~ ~ah ot
niM pa untwn pK amum and wyetMr with weh ie?t~rat sMll b~ s~eund by th~ lia~of thia nwrt~a~.
1. To p~ait. oomnit ot suff~ no wuN. MinP+im~nt a dtMriontion of saW properry or any p~f tlwwi.
S. To pay dl and sinpula. th~.cosn, charys a+~d ~xp~n+~~, includirg s r~asooabl~ atto.~y's fN u~d oosn of ~bstwcts of titl~, incw~d w p+W st
any tinN by s+id MORTGAGEE. b~u~ a in th~ ~wnt of tM failun on tF~ put of tM said lNORTGAGOR to duly. ~omptly ~nd fv11y p~rform, d4ch+rg~
~x~cvt~, ~ff~q, oompt~t~, oompl~r witb and ~bid~ by ~ach and ~very ttk sYrpvlations, a~nem~nts, conditiaa. ~nd ooweann of aid promiswry noh ~nd thw
matp+p~ +rhr a ~itksr. and said cosM, dwpes and ~xp~ws, Nch u~d wKy, shatl b~ inwmdia~~r dw aed pay~bb; wMtFw a not tMr~ b~ notioi ds
rtw~d, ~tNmpt to oolbct w wM p~d'inpj and tM f~p ~rnow~t of «ch aed ew+y such paym~t sMll b~~r intenst from tl+~ dat~ tMreof vntil p~id tM
nh of nin~ pN antwn ~xr ar.~,ny u~d sll s~id a~n, cMrp~s ud expMtes incwred or p~ki, wpNl+N with wch int~nst, ih+11 b~ astwed by tFr ti~n of thit
matp+p~. .
0.~ Th~t j~ h tM went of amr breach of this Matpap~ or d~favh on Nr put of th~ MORTGAGOR, or (b) in th~ ~wnt any of said arns of mon~y
h~nin nhrr~d to bt no1 promptly and fully paid within thirty (30) days ~ext after 1M same severatly betane due ~nd p+yabl~, without dan+nd w notro~.
o~ (c~ In fM ~wM aach uid ~wry tM stipubtiaa, ~yrMments, corwlitiw~s and eoveernn of a7d promissorr na~ a~d 1h~s ewrt~+p~ any a~ithu an no/
iuh. Pro~ry .~d f~ih P..fo?~r~.d, d7scFurped, ~x~cuted, effected, oompleted, complied with and ~bided by, th~n in eitMr w sny such ~wnt th~ wid ap~ ~
prq~te wen m~ntio~nd in s~id promisw~y not~ then ramainirg vnpaid, wirh inter~st ~cdued, and all mo~eys ssevnd Iw~by. ahall becom~ dw and p~y-
~bb fonhwirl~, or tMrNft~r. a1 th~ option of said MORTGAGEE, a fully and canpl~tely u if ~II of the ~aid swns of mw»y vv~n oripinally pipr::~ted
ro b~ p~id on such daY, anythGg in s~~d prom~ssory oote or in tl+is Mortysge to tM contrary ratwithsundinp; and therwpon a thereahN at the option of
said MORTGAGEE, without ear~w or dem~od, wh ~t la~v or in puity, th~rdon or tha?e~fier beyvn, m~y be proaecvted p if all ma»ys s~cund hsr~by
h~d rn~twsd p"wr to iri (rotitvtion.
7. TAat in tM event tl~at at the beginning of a ~t any time pe~+d'ieg soy wit vpon this Mortgape, or to fonclwa h, a to rofam it, or to enforc~
payment of any dairm h~reunder, said NIORTGAGEE :1?~II apply to the Gourt having jurisdiction thereoi fw ehe sppo~ntment of a Receiver, wch Co~it shall
fortliwith appoint • reuiver of said mwtQaged property all and :inpulu, includ~rg aIl and sin~ular tFw income, profin, issues and revenues from wh~t~wr
soura d~riv~d, ~ach ~nd every of which, i~ bei~p ~xpressy „ndenrood, a hereby mortgaged u if spec~fically set fwth and dexribed in tM ~ranting and
hsb~edwn cls~s~s h~reof. u+d such Reaiver s!?sll Mve sll tM brosd ~nd effectivs fvnaans c:x! powers In anywist entrusted by a Cou?t to a Receiva, and
~uch ~ppointm~m sMll be mad~ by wd~ Court ~s an ~dmitted equity snd a rrytter of absolute ripht to s~id MORTGAGEf, snd without ~eferenc~ ro ths
adeqv~cy or Mwdequacy of th~ v~lw of tiw paparty mwtyayed or to the so~vency a inwlveecy of taid MORTGAGOR or the de(endants, and that such
rent~ profin, income, issues and r~venues sMll be ~pplied by sucb Rece+ver accwdi~y to the licn or equity of ~aid NIORTGAGEE u+d the practice of wch
Cour1.
8. To duly. prompty and fully parfwm, dischsr9e, execute. effect, eompkte, comply wi~h ~~+d abids by ead~ and ewry the stipubtiom„ preemenq,
cond'niom ~nd coven+nn in s~id promissory nob ~nd this matyage set fonh. f
9. Th~t In th~ went the ownenhip of ths mafga~ed p?emises, or ~ny part thereof, becomes vested in a perwn othsr th~~ the 1NORTGAGOR, tl+~ 1
MORTGAGEE, Ns wcceswn ud assigro, miy, withow notice to the MORTGAOR, dsal with such wcceuw a svcoessw i~ interest with referenct to thia ~
i mortyay~ and the deb~ hereby secwed ie the ssm~ manne~ u with Mortpaya wittaut in any wa Wtiatirg a diul~yirg the Mort~agor~' INbiliM l~r~. '
unde? w upa~ the debt hereby secured. No tale of the ~ a9on i
a ui ns and no extension of the Y~me for the ~reby mortysged ~nd no fa nnce on tM part of the MORTGAGEE w its wccessws ,
~g p~ymcnt of the aebt hsreby scc~Yed yiven by ths MORTGAGEE w iri ~ucpsson or ass;gns, sha11 opsrat~
ro nkas~, di~chary~, modi"ry chsnge or affect t!w aiginsl lisb~liry of the MORTGAGOR herein, ~itha in whole w in put.
10. It b specificslly ~greed that time is of the euence of this connact. and th~t no waiver of u~y obliy~tan hereurder or of th~ oblip~tion se-
and Mreby sMll at any time thereaher be held tp be a waiver of the terms hereof or of the imtrumeM secwed herby.
11. In additron to tF~e farego:ng monthly psyments of princ:p,l ~nd interest required by the promissory no~e secured hereby, mortgagot eoven~nn ~
, and agrees to pay to mortgagee w~th each ma+rhly payment sn add~tion~l sum estim~ted by mwtgagee to be eqwl to 1/)2 of the annual cost of the follow-
inp:
A-All real properry tsxes kvied a assessed against the sbove described real estate.
B-Premiums on fire a~ windstorm inwnnce ss herein requued to be urried a-~ the improvements sitw(e •on the abo- ~~escribed premises.
C-Premiums on such mort9sge 9wrsnly inwra~e u matgsgee shall ~rom time to tim~ deem fit to'carry on the-los~, •
'iea+Rd ~+eielsY•
Mwtgagee shall from time ta time notiiy mwtgagor in writing of the smount dve and pay~bk hereunder and such =am~~h~l•f6eiev`pDi,lSe d~1e and
payable oM the due date of the next monthly•paYm¢nt and ~sch suaewive month tF~erc~fter unti! morlgsgs~ thaH notif~rn~l~oltgtgor~d y chanp~ :in suclr
amount. Such siwns shall be applied by mortga~ee fowsrd t(~ ~jm~nt of real pruperty t~xe3, insurance premiwns, a~id a.mOrt an snce
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IN WlTNESS YVHEREQF. tM said MOR7GAGOR h+s hareu~to sef his Iwnd ~nd ~~a) • th~ day ~~d t afor i
sipMdl, iv~red te tM p?esenc~ oi: FILED AND R~CORDED ~ ~N ~~ANY<
ST. LUCIE COUNTY. FB~. ~ - ~
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STATE OF FLORIDA d R~@tT~9E ~ `
Z7~C~E~IRCUIT COURT J~e
I HEREBY CERTIFY, That on this a day of , A.D. 19~,
before me personally appeared Kelly Hall ~ . .
~qir0~ President i1~ ~ , of
f KBLi.Y OONSTRUCTION COMPANY ~ a RlOrida
Corporation, to me
~ known to be the personsdescribed in and who executed the foregoing instrument, and sev~rauy?acknowledged the exe-
t cution thereof to be if~e+'? free ad and deed as such officer~ for the uses and pursoses therein mentioned; and that ihey.
~ affixed thereto the official seal of said corporotion, and the said instrument is the ad and deed of said corporotion.
4 WITNESS my hand and official sea) at Fort Pierce said county a state.
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~ NotarX Public, in d for State and County aforesaid.
~ N~ Commission Expires: 6~ 197~ ,
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, This instrument prepared ~ . _ ~ , wt~n, st~~ o~ ~ ~t :
~ first Federal Sav. & Loan As~11r co~~~,,~ ag. 6, t~n i
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