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~o pl+c~ anel contim?o~tly ke~p on ?he b~ildinps now or M~NftK sttwt~ on satd laod and on aU equipment and pKSOnally covK~d bp M~t~ narp. i
p~, with ap pr~mivn~ thar~a? paid in fv14 fin Guur~nc~ i~ ~F~ ~iwl iqnda~d poticy form, ~n a wn+ ~pprowd by ~M MORiGAGEE. aeid wh+d~toren ;
intwana M? tM uswl uandud poiicy 4am, in ~ sum approv~d by ~M MORTGAGEE; in wch company o~ cw„pani~~ a tM MORTGIIGEE may
dindt aryd a!1 fin aed win~hwr+e inw~aaa policies on ~ny of aid b~ild~nps, ~ny intK~s~ tFwr~in w p~H therwf, in tF» ayyrey~t~ ~~m ~fa~saW o~ ~
{n ~xpq IMrwf, shall contain ~Iw uswl standud mort9s9e~ cl~v~ w iuch othN claus~ ~s tM Morty~ maY nq~in. m+kinp tM Iw~ under said poti~
ciM, ~ach and ~vNy. payabl~ w uid N10RTGAGEE as its ioterest may app~u. and exh uw! ~vsry tutM policy sh~ll b~ p~omptly aa:yned and dslivKed to
any MW by s~id MORTGAGEE u iwthn security to said matyy~ debt, snd, not lea tMn ten (10) days in ~dvsno~ of tM expir~tan of e+cA policy, ro d~-
liwr ro s+id MORTGAGEE a ~~w~l th~nof, top~tl+K with •~ec~ipt for tM pnmium of wch ~~n~w~ij snd ther~ shall b~ no fir~ w windslam inwrana
plwd on ~rty of uid b~iidin~p, any tnterat ?Mr~in w put 1Mnof, vet~ss in tM tonn'and with tM loss p+yabh u afw+s~idj ~ed i~ 1M ~vent any wm
d~non.y bacan.s p+yW. w±da wch polky a polici.s said MORTGAGEE shall I+~w d» opran ro ~eceiw and apply tM s~m~ a+ ~ccoum o1 tM indsbtd~
n~q Ncvr~d hNtby Or b pKmit s~id N1pRTGAGORS to Kteiv~ and uN it p~ny pa?! thereof (or other purpo~es, without th~eb/ waiving w impair-
inp any puit~r, li~n a~ ripht unds~ w by virtw of this mortpa~ej aed in tM ~vent taid MORTGAGORS shall ta sny r~ason fsi) to keep tM ~aid pr~mis~s so
intwad, o~ 1~i) 1o dtlivN promplly ~ny of said polieiea of ie?i~nncs ro s+(d IY10RiGAGEE, oe taii pramptly to pay iu11y any premiwn therrrior p in ~ny
rapca f~H w p~.fonn, d'ach~ry~. ~xecvN ~H~ct, compl~t~, comply vrirh a+d abid~ by this covenant, a any part hereof, said MORTGAGEE may pisce and
paY fw suth ieawant~ a ~ny put th~reof without w~lvinp w ~ff~ctinp a~y opt~on, li~n, eqvity. or riqht ~nder a by virtw of this M~wty~, ~nd the
f~ll ~m of ~ach and ~wry wd+ psymN+t ~hall b~ imrr~li~tNy dw and piyabb u~d sAall b~ar intKeu from ths daM thereof until paid « tM ~at~ oi ~
nin~ p~r pnhun pK amwm ~nd together with wcA imerest ihatl be secu~ed by tM lien of tlus matqaps. ~
To pamit, oommit u wff~r no wsite, ia?pai~ment a deteriaation of aid prope?ty a any pan thenof.
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S. To pay all aed sinpul~r tM.cwts, cMr~a u?d ~xpenses, includin~ s resson~bk ~naney's fee snd oosts of absa~ds of titte, incuned w paid at
any tim~ by said MORTGAGEE, beuvs~ or t~ the ~vent of ~hs feilurs on the part of tM said MORTGAGOR w duly, promptly and ivlly perfam, d~scharg~
~xecute, ~ffM, complert, eomply with and ~bide by ~ad~ and every tl+e stipulatioru, agreements, co~d;tioro, and covenann of said promissory nots and thu
mwtype aMr or ~i~her. and said costs, cMrpes and experKet, each and ~very, shsll be immediately dw arad p~yabls: whethe? a not tlw.~ b~ notici da
rnand, msmpt fo eollecr or wit p.ndirg; a~x! the full amount of each and eve.y wch payment sh~ll bear ;nterest f~om the date thereof vntil p~id d t1+e
rate of niM per centum psr auuiwn; ~~d all said cbsts, charges and expenses incwred or p~id, to~ether with such interest, il»II be acvred by tl+~ liao of 1!w
^~ortp~-
6. ihat j~ in the ~vent of ~ny bre~ch of this Mortp~ w def~~h on tl+~ psrt of the NWRiGAGOR, w(b) in the went any of said of money !
hettin r~hn~d to b~ nW promptly and f~lly p~id within thirty (30) days next after the ~ame severalty become due and payabls. without dfmand a eotice. t
or (c,) in tM ~wnt each snd every the sNputarions, agrsemen», conditions and coven~nn of sa~d promiuwy noro u+d th~a mortya~e ae~y w either are ea
iuly, promptly u~d f~lly perfwmad. disch~ryed, execvted, effected. complered, complied with ae~d abided by, thsn in either a any wch tvent tM said ag
pre9,~h sum rt~tia~ed in s+id p?omisso~y npte then ~amaining unpaid, with interest atcrued. ud aN moneyf tecured hereby, shall beca~M dw ar~d pap
abl~ lwfbwitly or thsresher, st tM optan of said MUR?GAGEE, u f~lly pnd coir~pktely as if a11 of the said swns of money were apinally uipulated
ro be patd on such day, any?hiny in aaid prom;ssory note or in this Mong~ge ro the contra?y notwiths~snding; and thereupon or thereafta at the op~ion of
said MORTGAGEE. wItlw~t norKe w demand, wit at la~r a in aq~ity. lI1HQfW! O! 1I1QfNftN begun, may be prosecuted u if all mw~eys secur~ hareby
had matured priw ro in ins~iwran.
7. ~Mt in the event that at the beginning of or it sny time pending aoy suit ~pon this Mo~tgsge, or to fweclose it, w to refwm it, or te enforp
paymsnt of ~ny ctsims hcreu~dcr, ssid MORTGAGEE shaN apply ro the Court Iwving jur;sd;cr;on the~eof fw the appo~ntment of a Receiva, svch Co~?rt sh~ll
fatliwith ~ppant a recciver of said mortgaged property alI and singular, includ~r~g all and singular the i~come, profifs, issues and revenues from whatever
w~rc~ derived, each ~nd every of which, it being expreasly understood, is hereby mortgaged u ii spetificalfy set forth ~nd desc~ibed in the yranting ~nd
habs~dum clavsas hereof, ind suth Receiver shafl Mve all the broad and effective fvnabin and powen in~~anywise entrusted by ~ tovA to a Receiver, ind
~uch sppointment shall be msde by such Court u ~n admitted equiry and a matter of absolute right to sad MQRiGAGEE, vnd witF~ow reference lo ths
adequ~ty or in~de~wcy pf the value of the prbperty mwtgaged or ro the sWvency or insolvency of said MORTGAGOR w the defendanta, and that such
re~. profi», iricame. ~ss~es and revenves shall be spplied by ivcF~ Receivcr accord~nq to the tien o? equiry of s~id MORTGAGEE and the practice of such
8. To dvly, promplly snd fully perform, discMrge, execute, effect, eomplete, comply with snd abide by each snd every ths stipulation~„ igreemer?ts, `
conditions and covenann in said promissory ~ote ~nd this mortgage set fwth.
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9. That in tM event the ownership of the mortgaged premises. or any pan thereof, becomes vested in a person other thsn tl+e MORIGAGOR, th~ }
MORTGAGEE, its successas ~nd auigns, n~sy, witFaut notice to the MORTGAOR, deal with such successor w svcceuor in interat with reference to thi~
morfpa~e and tM debl hereby secured in tha sunt manru~ as with Matgagor withovt in any way vitiating w dixharging the Nlortgsgors' IisbiKty hers~
under or upon the debt hereby secured. No ssle of the premius hcreby mortgaged and no forbearance on the part of tf~e MORTGAGEE w ib successon
w assgro and no exrension of the time for the paymeM of the debt hereby secured given by the MORTGAGEE or its sucteuors w assigm, ~hal1 operate
ro rtleas~. dischar~e, modify ch~nge or afiect the wiginal liability of the N10RTGAGOR herein, either in whole w in put.
IQ H a specifically agreed that Yune is of the euence of this contract and that no w~iver of any oblgat~on hereunder or of the okt~igatan ;e-
a:rod hsr~by sMU at any time thereafter be held M be a waiver of fFro terms hereof o~ of tFK instrumeM setured herby. =
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11. In additan eo the forego:ng montbly payments of princ"p,l and interest required by the promiuory note secured hereby, moitg~or,swwy~t~~',
sg syrees to piy ro mortgsgee with each monthly payment an addir'anal sum estimated by mortgagee to 6e equal to 1/12 of the annupT ~ pf th~ f~(~yv~.
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A-AIt real property taxes ttvied or assessed agai~st tF?e above aescribed real estate. o ~
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B-Premivms on iire and windstorm i~w~ance as herein requ'ued to be carried on the improvements situate on the above desw'hfed 'pr~nises~ ~S
C-Premiums oe~ such mwtgsge guaranty insu?ance as mortgagee shall from t~me to time deem fit b carry on the ban securr~~Mr~b~f,'~ ,~r
Mortgagee shall from time ro time notify mortgagor in writirg of the amount due and payable hereunder and such wm shall Qtefey~n Ffe~du~ and
payable on the due date of tF~e next monthiy payment and each svccessive month thereafter ur.til mwtgagee shall notify morfgago~ pf y.~~~,,~~ ~y~y' '
Prmount. s Such svms shall be applied by mortgagee toward the payment of real prope~ty taxes, insurance p?em~ums, and mo~tgage §y~ra`rnt~p{~l4~ ~
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IN WIiNE55 VYHEREOF, the said MORTGAGOR hss hereunto set his hand snd sesl the r r '
s«~ ~ of: TIOI~1 COr~P~!I~TY `
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e r~si ent n
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STATE OF FLORIDA COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this 23rd day of JUi-~ , A.D. 19 , ,
before me personally appeared K~~ 1~ tTAI l 7~p,tT
r~~D~CI'if~ely President isTcX S~A~'Fjf , of
Keltv ~onstr!ictlon Conipanv , s Flori~~ •
~or~3o~~fqh,,
to ri1e
' / " .
known to be ihe persorn described in and who executed the fo~egoing instrument, and •a • x
h i s s~°'e~It~E •-`k''c~ckdg~d'tb°
cution thereof to be tiieir free act and deed as such officero for the usel and pursoses therein meMidrie~l;~ and'tl~a1'~ry•:
affixed thereto the officiat seal of said corporation, and ihe said instrumenf is the ad and deadr'-c~f. said carpocntion;~
WITNESS mY hand and official seal at Fort Pierce , said couny and stete. . ~,1''.
Tha instrument prepared bY . ~ . ,
First Federal Sav. 6 loan Assn.
of fort Pierce FiLEO aND RECORDE~tary Public, in and for Sta1e and Counsy aforeseid.
Dsiscoll ST. LUClE COUNTY, FL Y~mmission Expires:Notu~r P~Gc, Sute oi Horida at larqe
~ = n ~ ` ~ ~~ly Co+amissioo bpres Sept. 23. 1969
~wd~d AwKU Fw ~ C~»~iy G,
~y '6a.-~'1~! 23 10: 51 t
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