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To plsc~ aed continvousy kHp on tM iwitdinys now a h~reaher utv~h on :aid land and a+ +ll eqvipmsnt ~nd p~.sonally covKed by thts +p~, with ~II premiwiu ther~on p~id in fvll, firo insuranc~ in ~he :~su~l s?andud polity fwm, in • tum approv~d by ths MORTGAGEE, and winds~torm ~nwranc~ in tM vswl ~andard policy fum, in a sum ~pprovad by ~M MORTGAGEE, in such compu~y w companisa ~s th~ MORTGAGEE may dirtt~t and all fir~ and wind~rorm Frtwrau~ polici~s on any of ~aid buifd~n~s, ~ny interest th~rein or put thereof. in tM ay9reyate tum afo~~wid ot in ~xceu Ihenof. ~hsll contain 1M ~swl standud mortpage~ clsus~ u such other ci~~s~ u tM Mortyapee may requu~, makinp ths loss un~cr ssid polF cies, tach a~d wtry, payabla to ssid MORTGAGEE as itt inte~att may appear, a~d each and every tuch policy shall be promptly au:pned ~nd d~livered to ~ny Mid by said MORTGAGEE as turther secu~ity to said monysy~ debt, and, not ku than ten (101 days in advance oi ~M expirotion of each policy, to da liver to iaid MORTGAGEE a ~enewal tF?e~~of. topathar with a receipt fN the p?emium of such renewal; and ther~ shatl be no fire o~ windstorm inwrance p~ac~d on any of taid bulldings, any Iroerest therein or part thereof, un~e~s ln 1l+e form a~d with the loss payable as afwesaid; ~nd ln the event any tum of morwy becomes pay~ble w+der such poUcy a policas ~aid MORTGAGEE shall Mw tM option to receive and apply the same Qn atcou~t of tM indebted ness setvr~d hKeby w ro ps~mit isid AApRTCaAGORS ro reaeiw u+d us~ Ft ar any part thereoi fo~ Other purpases, wilhout tMa~eb/ waivi~~g ot ~mpair- irg any equity, lien or riyhl under o~ by vi`tw of thls mortgspe; and in the event said MORTGAGORS ihall fw any reawn f~il to keep the uid premises w ini~red, or fail to delive~ promptly ~ny of said policies of insurance to ssid MORTGAGEE, or fail promptty to pay futty any pranium the~efo~ w in any roipaf fai! b~fw~ discl+a~ge, execute, effecf, complete comply with ~nd ~bids by this coven~nt, or a~y part hsreof, said MORTGAGEE m~y pl~ce ~nd PaY ta suc1~ inwrana a ~ny paA thereof wNhout w~ivinp or ~ffadinp any option. (ien. eqvity. w right unde~ a by virtue of Ihis Mor~9ape, and tM full ~mou~t of each and ~vNy such payment shaN b~ imrnediately dw and pyable ind sha11 bear Interest from ths date thereof ~ntil paid st the rat~ ot nu+~ per tentum pet annum and together with such interest shall be secu~ed by tM lie~ of this mutgspe. 4. To p~rmit, twnmit or suffer no wa~te, impaitment or deterioratio~ of taid property or ~ny put thereof. 5. To pay ~11 a~d sinpvlar ths costs, cMrpes u~d expenses, including s reasooabk attorney's fee and costt of abstractt of tit~s, incuned w paid at any time by said NWRTGAGEE, betause w in the ewnt oi the fa;lure on the part of !hs said M~RTGAGOR to dvly, promptly and fully periorm, d~ichary~, executt, effscl, compkt~, tomply with and abide by each and every the stipulations, agreements, conditions, snd covenants of said promiuory note and this mextyape any or ei?I~er. and said costs, ch~rpea ~nd eapenses, each and every, shati be immediarely due and psyabte; whetl~ei a not thsr~ bs notics da i mand attempt to tollett w wit pending; snd tM full amount of eich and every suth paymem shatl bea~ interest from Ihe date thereof uMil paid at the ~~t~Of~nine per centum per arnwm; and all said cosri, charges and expenses incvrred or paid, together w~th such interett, shall bs secured by th~ lien oi tlw ~ G. ih~t (s) in the event of any breach of this Mortgsge or defsult on the part oi the MORTGAGt?R, or (b) in the event any of said sums of money i herein referred ro bs not promptly and fully p~id within thirry (30) days ~ext afte~ the same severally become due snd payabk, without demand o~ notice, ~ or (c) in the event eath and every the stipulaYrons, sgreerne~ri, conditions and covenanta oi said promiuory note and th~s mortga9e any or either ~re tw1 iuly, prompNy and futly perfwmed. dixharged. executcd, effected. completed, complied with and abided by, then i~ either ot sny such event the said a~ i gregate wm mentior~! in ssid promiuory note lhen rcmainirg unpaid, with interest acuued, and all moneys secured hereby, shall betome due and p~y- ~ able fwthwith, w thereafta, at the option of said 1NORTGAGEE, ss fully and completely as ii atl of the said sums of mooey were originally st~pulated to be paid on such day, anything in sald promissory note o? in this Mortgsge to Ihe contrary notwithstanding; and thereupon or ihereafter at tM option of ~ said MORTGAGff, witFaut notice or demand, suit at law a in equity, therelwe a thereaftcr begur4 may be prosecuted as if aIl mo~eys secured hereby had rt?atured prior to its institution. . 7. 7hat in the event that at the beginning of or ~t any time pending any wit upon this Mortgage, or to fweclose if, o? to roform it. or to enfwce payment of any ctaims hereunder, aaid MOQTGAGEE shall apply fo the Coerrt having jwisd;ction thereof fw the appo~ntment of a Receiver, such Court shall forthwith ~ppoint a receiver of wid mortpaged propeefy all and singular, includmg all and singutar the income, profits, iuues ~nd revenues from whatever sovrce der;ved, each and every of which, it being exptessly undcrstood, is hereby mortgaged as if speciiicalty set forth and dewibed in rhe granrirg and habendum clsuses hereof, and such Receiver shall have all tlx broad and effective funct~ons and powers in aoywiu entrusted bp i Court to a Receivtr, and such appointmeM shalt be msde by such Court as an admitted eqvity and a matter of absolute rght to said MORTGAGEE, ~nd without raference to the ~ adequacy w inadequacy of the value of ehe proper?y mwtgaged or to the wlvency or insolvency ot said MORTGAGOR w the defendann, and that such ~ rems, profits, income, iuves and ~evenues shall be ~pplied by iuch Receiver accwding to the lien or equity of said MORTGAGEE and the practice of such ~ Coutf. . 8. To dvly, promptly end fufly perform, ~uharge, execute, effecr, complete, comply with and a6ide by each and every ths slipuktions, agreemenri, ~ conditiorq and covenams in said promissory nofe and this mortgage set fwth. ~ 9. That in the event the owncrship of the mortgaged premises, o~ any paA thereof, becortros vesfed in • penon other than the MORTGAGOR, ths MORTGAGEE, i» successors and auigns, may, withou~ notice to tRe MORTGAOR, desl with such successw or sutcessor in ir~terest with reference ro this mortgage and the debt h~reby secured in the same manner as with Mortgagor without in any way vitiating or discMrging ths Mwtga9ors' li~bility 1?ere- under or ~pon ~he debt hereby secured. No ssle of the premises hereby mortgsged ard no fwbearance on Ihe part of the MORiGAGEE or ita tuccesson or auigns and no exterrsion of the time for the payment of the debt hereby secured given by the MORTGAGE~ or its successors ot assiyrq, sha11 operate to release, dixharge, motlify thange or affect the original Iiability of the MORTGAGOR herein, either in whole a in part. 10. It is specifically agreed that time is of the esxnce of this contratl and that no wsivet of any obligation hereunder w of the obliyation se- cured hereby shaN at a~y time thereafter be held fo be a waiver of tha terms, hereof or of tF~e insti~ment secured heiby_ 11. In add~tion to the foaego:ng rnonfhly payments of princ'pal and interest required by fhe promiswry npte secured hereby, morfgagor ~ovenanfs and agrees to psy to mortgagee with each monthly payment an add~eional sum estimated by mortgagee to be equal to 1/12 of the annual cost of fhe follow- ing: A-Atl reai property taxes levied or assessed against the above described rea! estate_ . B-Premiums on fire and wirxlstam insurance as herein requ~red to be carried on the improvemeats situate on the above .desuibed premises, C-Premiums on such mortgage guaranty insurar~ce as rtartgagee shall from time to time deem fit to carry o~ the loan secured hereby. Mo?tgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum sha0 thereupon be due and payaWe on the due date of the next nwnthly payment and eath successive month thereafter ur.til mortgagee shall notify mortgagor of a char?ge in wch amount. $uch sums shall be applied by mortgagee toward the payment of real propeny taxes, insurance prem:ums, and mortgage guaranty insu~ance premiums. IN WIiNESS 1NHEREOF, the said MpRTGAGOR hss hereunto set his !?and and seal the day and year first aforesaid. Sty . Sealed de~~v ~ ~d •n t p~eser~ce of: KEL.LY OONSTRUC~I01~1 COMPANY By ~ s an ~ n - - - - - - - - - - - - - _ . . _ - - - - - - ~ - STATE OF FLORIDA COUNTY OF ST. lUCIE 1 HEREBY CERTIFY, That on this 6~ day of December , A.D. 19 68, before me personally appeared Kell Hall ~X 71~C President ~ ~ of KELLY CONSTRLTCTION COI+IPANY a F loYida ~rporation, to'me . known to be ihe 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~aqd.,tha~:-~hey affixed thereto the official seal of said oorporation, and the said instrument is the act and deed af~aid~ cgt.porafio~,; Florida :'«~3~i F~;1 WITNESS my hand and official seal at Fort Pieroe said county and state, • - ' - ` ~ ' - FILEO AND RECORDEO~ ' ~'~v' ~ ~ ~ - . ~ ~ST. I.UCIE COUNTY, FL.A.Nota Public in and for State and n ~ This instrumer~ prepared RFCOR~ VERIFIEO ry ' af'oresaid. ` ~ ~r~ . First federal Sav. & L08p A~p. Mjy Commission bcpires: ,~.3-.J . of Fort Pierce ~~g ~'~9'v~ct : 3~, 1~~`~'$7' ^ - - - ~ ~ f'N - ; ~ ~ ~ Checked By , 9 ROGER POITRAS c~.~~?c r,iaCUiT CouRT: t B0~lc.t~4 PA~E~~9 t. ~ ~ ' _ _ - - ~ E