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HomeMy WebLinkAbout0790~. To place and tor-tinuously keep on tM buildings now a Mreafttr sitwts on said land and on all equipment and pertionatly covered by this tnort~ age, with all premiums thereon paid in full, fire insurance in 1M usual standard policy form, in a sum npprp t ~y~tnMsMORTGMGE)E.ORTGAGEE~ttnay insurance in tM usual standard policy form, in a :um approved by tM MORTGAGEE, in such comps y diredj and all fin and windsrorm insurance policies on any of said buildings, any interest therein or part thereof, in tM aggregate sum aforesaid or in access thereof, sMll contain tM uswl standard mortgagee clause a such other clause as tM Mortgages may require, making tM loss under said poli• ties, tech and every. payable to said MORTGAGEE as its interest may appear, and each and every such polity shall be promptly assigned and delivered to any 11e1d by said MORTGAGEE as further security to said mortgage dcb6 and, not less than ten (10) days in advance of tM explratan of each polity, to de- liver to said MORTGAGEE a renewal thereof, together with a receipt for 1M premium of such renewal; and there shall be no fire or windstorm insurance placed on any of said buildings, any interest therein or part thereof, unless in tM form and with 1M loss paYabte as afores+id: and in IM event any sum of molly bacorrtes payable under such policy a policies said MORTGAGEE shall Mve tM option to receive and apply tM sane on account of tM indebted• Mft y~ur~ Ilareby or ro permit said MORTGAGORS to receive and use if p any part thereof fa other purposes, without thereb/ waiving or impair- ing any equity, lien a right under or by virtue of this mortgage= and in tM event said MORTGAGORS shall fu any reason fail ro keep tM said premises so insured, a fail t0 deliver promptly any of said policies of insurance to said MORTGAGEE, a fail promptly to pay fully any premium tMrefor a in any reaped fail ro perform, discharge, execute, affect, complete, comply with and abide by th;s covenant, or any part hereof, said MORTGAGEE may place and pay for such insurance a .any part thereof without waiving or affecting any option, lion, equity, or right under a by virtw of this Mortgage, and tM full amount of tack and awry such payment shall be immediately dw and payable and shall bear interest from tM date thereof until geld at tM rate of nine pK centum'ptr annum and together with such interest shall be secured by tM lien of this mortgage. 1. To permit, commit or suffer no waste, impairment or deterioraYton of said property or any part thereof. S. To pay aft and singular the costs, charges and expenses, including a reasonable attorney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because a in 1M event of tM failure on tM part of tM said MORTGAGOR Io duly, promptly and fully perform, dixlluge. execute. effect, complete, comply with and abide by each and every tM stipulations, agreements, conditions. and covenants of said promissory noes and this mortgage any or either, and said costs, charges and expenses, each and every, sMll be immediately due and payable; whether or not there be notice de- mend, attempt to tolled or suit pending: and tM full artwunt of each and every such payment shall bear interest from tM date thereof until paid at tM rate of nine per centum per amwm; and all said costs, charges and expenses incurred a paid, together with such interest, shall bs secured by tM 1'ten of this mortgage. 6. That (a) in tM event of any breach of this Mortgage or default on the part of tM MORTGAGOR, or (b) in tM event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or noticq or (ra in tM event each and every tM stipulations, agreements, conditions and covenants of sa;d promissory note and this mortgage any o- either are not duly, promptly and fully performed, dixharged, executed, effected, completed, complied with and abided 5y, then in either a any such event 1M said a~ gregate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and ail moneys secured hereby, shall become due and pay able forthwith, or thereafter, at tM option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to tM contrary notwithstanding; and thereupon or thereafter at tM option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted as if al! moneys secured hereby had matured prior to iri institution. 7. That in tM event that at tM beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform ft, or to enforce payment of any claims Mreunder, said MORTGAGEE sMll apply to tM Court Mving jurisdiction thereof for tM apopo=lissuest oandRreevenues fromCwf-atever Forthwith appoint a receiver of said mortgaged property all and singular, inctud~ng all and singular tM income, p source derived, each and every of which, it being expressly understood, is hereby mortgaged as ii specifically set forth and desuibed in tM granting and habendum douses Mreof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admirtcd equity and a matter of absolute right to said MORTGAGEE, and without reference to tM adequacy a inadegvaty of tM value of tM property mortgaged or to tM solvency or insolvency of said MORTGAGOR a 1M defendants, and that such rents, profiri, income, issues and revenues stall fie applied by such Receiver according to the lien or equity of said MORTGAGEE and tM practice of such Court. 8. To duly, promptly and fully perform, diuMrge, execute, effect, complete, comply with and abide by each and every tM stipulations, agreements, condition and coverlanri in said promissory note and this mortgage set forth. 9. 111at in 1M event tM ownership of tM r^.wtgaged premises. or any part thereof, becomes vested in a person other than tM MORTGAGOR, tM MORTGAGEE, its successors and assigns, may, without notice to tM MORTGAOR, deal with such successor or successor in interest with reference ro this mortgage and 1M debt hereby secured in tM same manner as with Mortgagor without in any way vitiating a dixhsrging tM Mortgagor' liability Mre- under or upon tM debt hereby secured. No sale of tM premises hereby mortgaged and no forbearance on tM part of tM MORTGAGEE or iri successor or assgn and no extension of tM time for tM payment of tM debt hereby secured given by tM MORTGAGEE or its successors or assigns, shall operate ro release, discharge, modify cMnge a affect 1M original liability of the MORTGAGOR Mrein, either in wltok or in part. 10. It fs specifically agreed that time is of tM essence of this contract and that rto waiver of any obligation. hereunder o- of tM obligation se- cured hereby sMll st any time thereafter be Mld to be a waiver of the terms hereof or of tM instrument secured herby. 11. In addition to the foregoing monthly payments of princ'pal and interest required by 1M promissory recce secured Mreby, mortgagor covenanri and agrees to pay ro mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of tM follow- ing: A-All real property taxes levied or assessed against the above dexribed real estate. 8-Premiums or1 fire and windstorm insurance as herein required to be carried on the improvements situate or1 the above desuibed premises. C-Premiums an such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on tM loan secured Mreby. Mortgagee shall from time to time notify mortgagor in writing of tM amount due and payable hereunder and such sum shall thereupon be due and payable on tM due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagot.ef ~"t n~s.jn such amount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance premiums, and mortgagq ~ a ;f ipsixgnce premiums. '~~ ~ -~~ heuyt fp,ketAflj=,[pa~aasl~a~da and year ust aforesaid. ~ ~ ~ • E0, IN WI7NE55 EREOF, t said MORTGAGOR has 1`(L°C{J IYIJ t«J Y '+~ •f a ed "`"" °f~ ST. LUCIE COUNTY, FLA.K'"L Ttt _ ~ ~~~~• •~ : ,: to = ~ RECORD VERIRIELQY: . ~; a,~'i=.' ~,~ fi ~.'y p- , t- i STATE OF FLORIDA `.~S~I(~'~~Ti 1 HEREBY CERTIFY, That on thi ay of Auc;ust , A.D. 19~_, before me personally appeared Kelly Hall ~,, respectively a~ -;; .President ~ Kelly CbTlts,~iiC>`tGtion Company ~ a - ~~~-srrrrnrr. _ , of :~ for ids Corporation, to me known_.tb,~.th~~~" described in and who executed the foregoing instrument, and severally acknowledged the exe- t' '; cation jfiar~glf _ t1+eiE,ft~e act and deed as such offiioers for the uses and purposes therein mentioned; and that they affixe~~, gl~ical_ seal of said corporation, and the said instrument is the act and deed of said corporation. yf~ :, WITNESS(, ~R ..: i s i_~ti~ . ~ . C hag tai ~_vings ~cxiiit)2 port Pierce;"'. .' at Fort Pierce ~?ede rat iation of checked By ids ~~.?9 ~ '789 said county arld state. ~~ r, . ,? Notary Public, in and for State and County aforesaid. My Commission Expires: ~xy per, StatR ~ ~~ at Large Mp (o~^issiofl E»~ies Sept. 23, 1969 I../s/ b A.aric.. fi. a c+seser t:a.