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Home My WebLink About2629 ` ~ s. To plaa u~d comb?uously kwp on tM buildinps ~ow a l+K~ahK situ+t~ on said lu~d ~nd on ali pvipenent u?d p~nonally cownd by this nwrq~ q~, with all pnmiw~q ~herson paid in full, fin iinvanc~ in ~M uswl a+nda.d policy fam, in s wm app~ov~d by tM MORTGAGEE. ~od wi~torm iruwu~u in tM uswl sunda.d policy fwm. in ~ wm ~pprowd by tM MORTGAGEE. In such camp~ny or oomp+nies as th~ MORTGAGEE may dinctr a~d all fin u?d wind~~wm irawu~a polici~s on any of said build~np~„ any int~nst thsrein or pan th~reof, in tFN sy~rey~tt awn ~fonwid a in uccas tMr~of, sh+ll conain tM usual stu~dard matp+pN clau~ a such ahK claus~ u tM Mortp~pN m~y roqu'u~. makie~p ~M loss under said po~G ci~a. each and wNy. WYabk 1o s+id MORTGAGEE as ib intK~st may app~ar. ~od ~ath and ~vKy wtfi poliq shall M promptiy sss:~ntd u+d delivered to ~ny I+~td by said MOkiGAGEE a furtha searriri w s~k! m~rtp~ d~bt. +od. not ~~ss tMn ten (10) d+ys io +dvanc~ of the ~xpuatan of e+ch policy, ro d~- liva to said MORTGAGEE ~ rMew~l thareof, to~tlwr with s roceipt iw tht p~~mium of such renewal; uid there sMll be no fue or winds~am inswa~c~ plapd on ~ny of said bulldirgs, ~ny lnterest tMr~in or pirt ther~of. w+bss In tM form ~+d with tM bss p~yabli as ~fu~aldj ~nd in tM ~wnt sny wm of moMy becoma pay~bl~ w?iMr wd~ polky a policNs sak! MORTGAGEE shsll haw tM optian to receive and apply ths same on account of tM i~+d~bted- n.ss s~cwad iwnbp a a permN ~aid MORTGAG01tS ro rouiw •nd us. M a•ny part therwf fw othcr purposes, without theceb~ waiving u imp~i~- inp ~ny pvity. Ii~n or ripht vndet or by virtvt ai this mortysp~s ~nd in tM tvem wid MORTCaAGORS shall fw any reason fsil to ke~p the wid pnmisa w inwnd. or bil W deliver promptly ~ny of said policiss of inwrana to ssid MORTGAGEE, or fail promptly to pay fully ~ny pr~mium therefor w i~ ~ny rap~ct fai~ b pKform, dixMr~e. ~xecvte, eff~ct, complets, comply with ~nd abitl~ by this cover?~M, or any pan Mreof, said MORTGAGEE en~y pl~a snd paY fw such inw?a~ or any part thereof without w+lvinp or ~ffeclinp any option, li~n, eqvity. or riqht under or by vtrtw o( this Mwtpa~. ~nd thc fuU ~?ount of tach and twry such payment shall be immadiately due and payable and shall beu interest from the date the~eof ~ntil p~W at tM rat~ of nine psr pntvm pK ~nrwm and to9ether with such inte?est shall be secvrcd by tM lien of tha mortp~pe. 4. To pKmit, oo~mnh or iuffer no was% Imp+irment or detsrioration of said property o? any p~N t}?ereof. 5. To pay ill ~nd shgutsr th~ cw», chir9es and exp~nse~, hrcl~rdirg a reaso~abk anomey's fee and cosn of abstracts of title, incvned or p~id ~t any time by said MORTGAGEE, beuvse ar in the event of tM failwe on the part of t!» said MORTGAGOR to duly, promptly and fully psrfam, discha~~ execute. ~ffect, complet~, oomply with and abide by exh ~nd every the atipuletioro. ayreeme~ts. condi~ioos, •nd aovensnn of uid prom~ssory noro and rha mortpaps any or eifhar. aod said conts, chuqes aod exper~ses, exl~ and every. shall b~ immediately due and piyable: whether w not there be notice dr mand, attempt ro colkcl or wit pending; and th~ full amount of each and every uxh psyment sh~~l besr interest from the dat~ N+ereof ~?nNl paid at th~ rate of nine per centum pa arnwm; and sll seid costs, charQes and expenses incv~red or paid, together wiih s~ch interes/, shatl be searred by tM liao of fhit morlp~pw 4. ifwt (a) In the ewet of any breach of this Mortyaye w default on the part of the NIORTGAGOR, w(b) in the event any of said suma of money herein refened to be oot prornptly and fully paid within thi?ty (30) days next after the same severally become dos and payable, witho~t demand a eatite. or W h tfie event each and every the :tipvlations, ~greemems, conditiau and cow~+nta of sa~d promissory ~ote and th~s mort~age any or ~ither aro nol iuly, p?omptly a~d fvlly perfwrned, disd+arged. executed, effected, compkted, complied with a~d abided by. then io either or any such avent ths said sp~ gregate wm memaned in ssid promiuwy note then remain'uq ~npaid, with i~tcrest acuued, a~d all moneys secured hereby. sh~ll become dw and pay- abk fo~thwitA, a tl+ereafte~, at the op~ion of said MORTGAGEE, u fully and completely as if all of ~he said svma of money were wigin~lly stiputated to be paid on such day. anything In ssid promissory note w in this Matgage to the contrary notwithst~nding; and thereupon w thereaha st tM op~ion of said MORTGAGEE, wilFwul notit~ or daoand, suit at law w in puity, therefwe or theresfter begun, may be prosec~ted u if ~II montys seared hereby had m~tured pr~ to in institution. • 7. Th~t in the event that at thc beyL+niny of or at ~ny time pending any suit vpon tt~is Mo?tgage: or to foreclose it, w to roform N, a M enfaa payment of sM? claims hereunder, s+id MORTGAGEE shall apply to the Co~rt having jurisdiction thereof for the appointment of a Receiver, svd? Coun sh~ll fwthwith appoint a rcuiva of wid matg~ged properfy sll and singular, includ~ng sll and singul~r the income, p~ofib, issues and rtvensrss from wF~af~ver sovrce derived, ead~ and every of w6ich, N being expressly ~ndentood, is hereby mortgaged at if specifically set fath and desuibed in tM 9rantu+y snd habendum clavses hereof, and svch Receiver ~~I have all the broad and effective furxtions and powers in anywise entrusted by a CooA to a Reoeiva, and wch appointment shall be msde by such Co~n1 u an admitted eq~ity and a m+tter of absolute ripht to said MORTGAGEE, and without referente fo ths adequacy a in~deq~aty of. ths value of the property mortgaged or to the soNe~cy or insolvency of said MORTGAGOR w the defendants, and that such rents, profits, income, issues and revenues ahsll be applied by wch Receiver xcwding to the lien or equity oi said N10RTGAGEE and the practice of such CovA. 8. To duly, promptly snd fully perform, d~sch~rge, execute, effect, eomplete, comply with and abide by each and every the stipulations, ~grsements, conditaro and covenants in said promissory note and this mortgage set fwth. 9. That in the event the ownenhip of the mortgsyed premises, or any part thereof, becomes vetted in a person other thsn the MORTGAGOR, tl+~ MORTGAGEE, its succeuors and assig~n, may, without notice to the MORTGAOR, des) with such succeuw or wccessor in interest with referente to this mortg~ye and the debt hereby secvred in the sartee manner as with Mortg~gw without in any wsy vitiatirg or discharging the Mortgagors' liabiliry hert unde~ or ~pon the debt hereby secured. No sab of tM premises hereby mortgaged and no fwbearance on the part of the MORTGAGEE or iti successors w suigns and no extensan of tF?e time fw the payment of the debi hereby secured given by ~he MORTGAGEf or its successors or assiyrn, shall operate to release, dischar~e, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in put. 10. It is specificslly agreed that time is of the esxnce of this contract and that no waiver of any obligafan hereunde~ or of ths oblipafion se- cvred hereby sMll at any time thereafter be held to be a waiver of the terms hereof a of the instr~rneM secured herby. _ addition to the fo~egoing montMy payrt~enn of princ:pal and i~tetest required by the promissory nore secured hereby, m~o~r ~ nts and agrees to pay te with eath monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the a3ftost of tF~e follow- ing: A-All reat p?operty taxes levied or assess above described resl estate. B-Premiums on fire and windstwm insurance as herein requ~r arried on the im ov ~tuate on the sbove desuibed premises. C-Premiums on such mortgage gwranty insuran s rom t~ deem fit to carry on the loan setured hereby. Mwtgsgee shall from time to ' morty~er•in writing of the amount due and payabe er and such s~m shall tl+ereupon be de?e and payable on the d next monthly payment and eath i~lonth thereafter until mortgagee s a mortgagw of s change in such a sums sha~l be appfied by mortgagee toward the paY~N~real prope?ty taxes, inwrance prem:ums, and m sg~~ ranty inwrance emiums. ' . ~ ~ y~ ~ay snd wst afwesaid. ~ tN WIiNE55 WHERfOF, t!?e said MO TGAGOR Fws he?euMo sN hand and seal the ~ ~ee a in aesenc~e of: FILED AND RECOROED OONST ANY ~ ST. LUC1~ COUNTY, FLAg p • hF:COF(? `t~RIFtED e a , es ~ 1 i~2 n - - - - - - ---t-6--~ ~ ~ ' - - 6 ~ " STATE Of fLOR10A C ~p~,T~ 1 HEREBY CERTlFY. That on this j yd C l E Ri~t C I RC ~~T' A.D. 19 befor~ me pKSOns11y appNred _ Keliv Nall ~ ii1Q~C presidsnt ii61t ~DiYi{r of KBLLY OONSTRUiCrION ~MPANY , a Rlo~rida Gorporotion, to Rrn _ known to b~ ths penons d~scrib~d in snd who executed the forsQoing insfrument, and severally sdcnowlcdyed,the~ w~e~ - ~ ' ~ S' ~ cution thsreof ro be thei~ fre~ ad snd deed as wch offioers for ths uses arx! purpcKes tF~rein mentioned; ;an~:?~iaT `tl~r effix~d ther~to the offkial ~eal af sald oorporation, and th~ said instrument is the act end cleed of s~'id oQ~oration; , ; . - : WITNESS my hand and official seal at Fort Pieroe , said aounty and :tste. -~ti~ ~ ; . , v , , • ~ - ~ ~ ' Notary Publk, in and for Stah and County sfo:~sai ~ ~ p~~ ~ My Commission Expins: . Frst fcderal Sav. b Loan Ilssn. ~ of Fort Pipnx vr t sr~ • • w...v ` Chedced By Rob~rt L. l~arsh~l~ _Tr. . ~ ~o~K174 ~~~E2623 , ~ ~ ~ ~ . _ _a