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Home My WebLink About1136 . ~ . . . 3. Yo plac* and con~irwany ke~p on tM buildi~ps now a hK~ahK sitv~t~ on ~aW land ~nd o~ atl puiprt~ot ~nd pKwn~lly oovN~d by this e+aq~ +y+, with sll prtmivms thereoe?.p~id in fvll, iiro inw~anu i~ tM uwal studud polity forn~, k~ ~ sum ipprowd by 11+~ MORTGAGEE, ~~d wind~fane iniwance irt tM u~wl uandard pot~cy form, in •:um approwd by tFM MORi('sAGEE, in wcA company a compani~s a tM MORTGAGEE nNy diractl u~d all flr~ and windswan i~wxanp pdicia on aey of said build~opa„ any intK~~t th~r~in or p~t tlw~ol. 1n tA~ aypre9ar~ iwn ~fwqald a . In ~xcass therwf. ~halt comai„ t!K usval sundud n+ortqap~s clav~ or such ahK claw~ a tFN Mo~19a~ maY rpva~. makinp tl» loss unda ~aid po14 c~es, each ~nd ~very, payabl~ w said MORTGAGEE a its imerest may app~a~. and tach and ~wry tuch policy shall bs promptly ass:~ned and dNivtr~d to eny htld by said MORTGAGEE u furthsr secu~ity to ssid mortya~ debt, and, not ku than Nn (j0? days in edvancs of tM ~upkatio~ of Nch policr, to dr I;v~a to said MORTGAGEE ~ r~~ewal 1he~eoF, topNMr with a rateipt tor th~ pemiwn of wd? ~enew~lj and then shall b~ no fir~ a windstwm inwru~c~ plsc~d on ~ny of said b~ildirgs. iny i~ItOfNt 1I1lI~in or put lhereof, unkss In ~FK fam and wi~h ~t+~ loss pay~bl~ af ifOfffildJ Yd hl tllt fvM/ ally iW11 of ewn~y becwn~s payable undK wch polky a polici~s said MORTGAGEE ahall FNw tM opticr+ to receive and ~ppy ~hs s~rro on ~ccovn~ of tM ind~W~ ness setwRd htrtby a w permit said JNditTGAGORS ro reaslw and uN it or aoy put tlKreof fw other pwposes. without thereb,~ waivi~~ a impiir- inp sey equity. lien w ri9M onde~ or by virtw of this mortpa9s: •nd tn ~l+. •wnr said MORTGAGORS sl+sl! fo. ~ny re~son f•it ro keep ~M w~d p~anisca so ;nswed, or bll w deliver promptly My of said policies of imwanc~ ro ssid MOR1GAGfE, or fail promptly to pay fully any premium the«for p fn any resp~a fail ~o pato~m, discharye, execute, effect. complete, compty with u+d abid~ by this covenam, or ~~y part larwf, said MORTGAGEF inay pl~p ~nd PaY such inwancs or any part thersof wFtho~f wahrinp or aftsctiny a~y optio~, li~n, eq~ity. w ri~h~ u~der w by virtw of ~his Mor~~. and tM full amoum of ~acl? and ~v~ry ~uch payment ihatl b~ irrwned'ut~ly dw u~d payabb and sMll be~~ i~terea~ from ths dat~ thcreof w+til paid N tl+~ rat~ of nine pe~ pntum p~t annum and togcther with wch interast shall be secured by the lien of this mort9sps. 4, To parmit, commit or svffer rw wasta, impainnent a deraioaatioo of ssid property o~ any put the~eof. S. To p+y all and sirgutu the cosis, charpes ~rd ~xpenses includin~ s reasonable a»orney's fes snd costs of abstracta of titk, incwr~d w paid ~t eny time by said MORTGAGEE, becavse or in the ~wnt of ths failurs on the paM of IM said MORTGAGOR to duty, prompNy snd fvlly p~?form, dixhu~ execvt~, ~ffact, oomplet~, compiy wnh and abide by e~ch and every the stipvlarions, ayreement~,"co~dition~, and oown~nts of s+id promissory rate and thw morty~s any a either, and said costs, ct?ar9es ~~d ~xper?ses, each and every, sh~ll bs irtrnediately due a~d payable: whetha a not the~~ be notios de~ mand, anempt to colkct or suit pe~?d~ng; snd tM full arrwunt of each and every such payment sMtl bea~ interes~ fran fF~s date N»~eof until paid N tht rare of nine pe~ ce~tvm per annum; and all said cosb, cFwpd and expenses incvrred or paid, togNher with suth interest, sMll be secured by th~ lien of 1hq mort~+y~. 6. 1Mt (a) in the avs~t of any breach of this Mortgage w default on the paA of the MOQiGAGOR, or (b) in th~ ewent any of s~+d awns of morr~r herein re~erred to be not promptly and fully paid wilhin thiriy (30) days next after the same uverally become due and p+yabl~, without .dan+and p eotite, or in ths event each ~nd every the sGpulatioaa, ag~eements, conditions and covenanb of sa:d promissory nofe a~d thts mw~p~p~ any w eitl+er ~r~ f1W iuly, promptly ~nd fullY perfor.ned. d4scharged, ~:ecutad, eifected, compkred, canpl~e~d with and a6ided by, thsn ln e~ther or any s~ch evanl tM said ag gregate sum mentioned in ssid promissory note then remai~ing unpaid. with interest xu~ed, and all moneys secwed hereby. shall becort~ dw ~nd pay- able fathwith, w tlxreafter, at ~M option of said MORTGAGEE, as fully ard completety ai if aU of the said wms of nwney were o~ginally stipulatcd ro be paid on such day, a~ythir+g 7n ~id prom;uory nots a in this Mortgage to the cont.ary notwithuanding; and there~poe or the~eafter at th~ option of said MORTGAGEE, withour notice or demand, suit at law o~ in equity, therefwe or theresfter begun, may be prosetuted as if all moneys secured her~by had matured ptWr fo its inttitution, 7. That In the event that af the beginrt~ng of p at any t;ms pend;rg any wit upon this Mortgage, a to fwecbse if, w to reforrn it, a to enfwq payment of any claims hereunder, seid MpRTGAGEE ~hall apply to the Court h~ving ju~iyd~ct7o~ ~hereof fw the appantment of a Receiver, such Co~n shall forthwith ~ppoint s reteiver of said mwtgsged prooerty afl and singutar, intlvd~rg alt and singutar the income, profits, issues and reven~es iran whatever source derirtd, each and every of w{~ich, it beinp expressty understood, is hereby mortgaged ~s if spetiiically se1 forth and dewibed in fhe ~ra~tinp and habendum clautes hereof, and such Receiver shall have all the broad and effedive fu~ct~ons arsd powers in anywiis entr~sted by a Court ro a Reteivt~, a~d such appointment shall be made by such Court as an admitted eq~ily and a matter of absolute rigAt to said MORTGAGEE, and without reference to ths adequaty w i~sdeq~acy of the value of the property mortgaged w to the wnrency or insolvency of said MORTGAGOR p tFro defer?dants, and that such renrs, profin, incane, iuues and revenves shalt be apptied by such Receiver accwding ro the lien or eqvity of said MORTGACiEE and the practite of suth GouA. 8. To d~ly, promptly and fu1Fy pe?form, diuharge, exccute, effed, mmplete, compiy with and abide by each snd every the slip~lations, sgreemenri, conditioni a~d covenaots in said promisswy note and this rtwrtgage sct fwth. 9. That in the event tlx ownership of the maigaged premises, o~ any parf ihereof, becpnes vested in a penon other than the MORTGAGOR, tM MORTGAGEE, its succeuon and assig~s, may, without notice to the MORTGAOR, deal with svch wcc~uor or successor in interest with ~eference to this i mortgsge ~nd the debt hereby setured in the same msnner as with Nbrtgagp without in any way vitiating or discharging fhe Mortgsgo~s' Iiability herr under or upon the debt hereby secured. No sale of the premises hereby mortyaged and no forbearance on the parl of the MORTGAGEE or iri successon or assigns and no extt~sion of the time Tw the payment of the debt hereby secured piven by the MORTGAGEf or its sutcessors o~ assiprq, ahall Operatt to release, d~scharqe, owdify change w affect the o~iginal liabitity of ~he MORTGAGOR herein, either in whole or in part. 10. i~ is specifically agreed that time is of the essenca of this contract and that no waiveY of any oblgaYwn here~nder w of the obligstion se- cured hereby sMll at a~y time thercafter be held to be a waiva of the terms hereof a of the instrumem secured herby. 11. In add~t~on to the forego:ng monthlY payments of princ:pal snd interest required by the promiuory note secured Fxreby, mortgagor covenants and ag~ees to pay to mongagee with each monthly payment an addirional sum esGmated by mo?tgagee to be eqval to 1/12 of tfie annual cost of the fdlow- ~ng: A-All real property taxes lev~ed or assessed against the above described real estate. ~ B-Premiums on fire and windstorm insurante as herein requ~red to be carried on the improvements situate on the above desuibed premises. C-P~emiums on wch mortgage guuanty irswance es mortgages shall irom tirn~ to t;me deen? fit to carry on the loan tecured hereby. Nlwtgsgee sha11 f.om time ro t~me ~wtify mortgagor in writing of the amouM duF snd payable hereundet and such wm shall there~pon ye due and payable on the due date of the next monthly paymenl and each successive month thelrshN until mortgagee iFwll notify mortgagp pf a tianye in stxh amount. Such sums :F.ail be applied by mortgagee toward the payment of real property taxes, inwrance prem:ums, and mortgage guaranty inwrsnce premiums. IN WITNE55 WHEREOF, the said MO TGAGOR has herevoto set his ~atW~ial the day and year int sforesaid. S' d, al~d a el'ver i presence o AND RE~ ~JC• . C~~ ~Y ~ILED ST, lUC1E C VERIF ED ~ ~ RFCORD 3 By: ~ _ 1~~ ~ es eD ' / ~ i V" ~ ~ - -_y_...~~--'_ ~AV - ~ ~ ~ „ : , i _ ~ - - - - - - - - - - STATE t~' FIOWDA'~~ ; C•~ = ~ ~ •wf: : ~POFr r~ c?~cu?7 ~Q,~ 1 I~Ett~~ That on this ~07 CLE~, o `''aY A.D. 19 69 ~ f ' ' ' before rr~ pe1`soMSlfjr appeared ~lly Hall ~ aot~o~ ~ Presidenboedc ~eo~ of Kelly Construction Cospany Flozida ~~ation, to me ~ ,a ~ known to be the per~ described in and who executed the forageing instrument, and severally acknowledged the exc ~ cution th~eof ro be fMeR free act anc! deed as such officen for the usea and purposes therein mentioned: and. thas the~he ~ affixed therero the offiaal seal of said oorporation, and the ~id irutrument is the act snd deed of saie! corpo~ratioo. , , ~ WtTNESS my Mnd and official seat at Fort Pieroe , said county and staf~.. , V , . . ~ , r. -t- , Notary Publk, in and for State and CourStX'bfota~said. My Commis:ion Expires: ~ ~ ' ~ .J ~ • ; . This Instrument Prepared By aaTARY ni ` ~/f, " . ~ First Federal Saving; b ioan Association ~ iTATE OF F1pW~ AT L~.,, < " of Fort Pierce ~Y ~~M~~ EXPfRFS pEC, q y~( _ , , . ' t . . ~ONMO 7MIIQNIN IOLD 'N. DILliT w'~U~'..-~.~..i~._.~: . . , . SL~IOlf= Checlced By John W. Collins r ~ ~ ~ ' . ~ e~~~« ~ - _ ~ ~-~,.~.~v+ `.j .7 "rer~^'+.`~~v'e-'n .v+.?~..R,-.