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To plao~ ~nd contiewously khp on tM buildinps now w Iwreaha Wtuat~ on ~aid land ae+d on ~II equipment u~d p~no~++lly covKed by this ena1Q~
p~. with ~II prtmiunu ther~ paid in ful4 fin inswance ie tM uswl ~tudard poticy fo~m, in • ~um approv~d by tM MORTGAGEE, ae+d windttam
irowu~o~ in ~M uswl ~~anda.d pol~cy fwm. (e ~ wm ~pprov~d by iM MORTGAGEE. in s~ch ca+?P+^Y o? co^+P+^as ~ u tM MORTGAGEE mar
dinc~t +~+d ~II fk~ and windsarm inwrN+a polici~s on +ny of ~+~d b~ild~^p~. ~^y intenat 1Mr~i~ w p~rt therwf, in tl+~ +~reyate wm ~fwsaid a
In sxcea thereof, shall contain tM vsual iandud monqa~ d+vs~ a such aha davs~ as ~M Matyag~e m+y rpuu~. makinp th~ {os~ ur~r sa~d pol~
ci~s. tach and ~very. P+Yabl~ ro said MORTGAGEE as ib ir?lere~t may ~pp~a~. and eath snd ~w?y svth polity iF+~ll b~ p?omptiy ass:pned u+d dtlivt~ed to
~ny M:d by said MORTGAGEE as fvrtMr ~stvrity 1o said mwtpay~ debf, ~~d. not bu th~n ten (10) days In advana of tht ~xp~+twn oi t~ch policy. M dr
IivN ro ~aid 1NORTGAGEE a r~w~l tMrwf, wp~tha with a receipt fw tha premiwn of wch re~ewal; u,d ther~ sh~l' b~ no fue or windstam inwrar~te .
pl~ad on any of said buiWirgs, u~y intenst tlx~ein a put tiweof, unless tn tM torm and wi~h tM loss p+r+bl~ as ~f«es+idj and ie tM ~vaN any wn+
~~y ~ p~yab~ w+de, uxh pol;cy a, pol;ci~s said MORTGAGEE shall haw rM op~an ro receiw and sppty th~ sarM on +ccow~t ot th~ indebted-
Mss sec~r~d h~t~py p to pe~mit said MORTGAGORS to reo~~w a+d us~ it w u~y part thereof iw otho~ purposes, wi~hout lfiereb/ waivi~q w impai~•
hg ~nY puity. li~n or riqht undea or by vutu~ of tha mortyay~r u+d M+ fM ~wnr ~a~d MORTGAGORS shatt ta any nason fail to keep ~h~ said prem~ses ~o
inwred. a fail b d~l'rvsr pranptly ~ny of said pol~ciss of inwr~++c~ to r+id MORTGAGEE, a fsil prompNy to pay fully ~ny premiwn thar~for w in ~ny
r~~p~d bil w pe~twni, dischuge, ~xscvt~, eff~ct, compt~t~, comply witA snd abid~ by this c~ewn+++~. W ~~Y P~ ~pf. s+~ ~TGAGFE may plaa and
WY fov wd~ inwrance w ~~y pa~t tMr~of witho~t wahr&q or ~ffectinp a^Y aWion. ~ien, s4uih?. or ri9ht vnd~. a by virtw of rhis Mort~ap~. ud the
full ~rt~oum of each snd ~wry svth p+yeewM sM1I be irtwn~di+t~ly dw +od p+Y+b~~ u+d sMll bsu ioterast from tM daN thereof until paid N the rat~ ol
nin~ pe~ q~twn pN ~mum snd togetha with wth intere3t shall b~ setwed by th~ liu? of this mortp+pa
A. *o pumit. oornmit a wffer oo wat~. imp+kmcnt a dsteriw~tion of s~id pra~+erq « a~r part thereof.
S. To pay dl and sirguta ths costs, cMrpa u~d exP~. indudwg s n+so~bk attor~?sy's fe~ snd oosb of sbsasds of titk. incuned a paid ~t
any time by said AhORiGAGEE, beca~ss a in tM event of tla failwe on tlN pirt of 1M said MORTGAGOR to duly promp~hr +nd fi+~1Y PQ*fa~ d'~9t
execut~. tif~ct. oomplet~. canply ~Arith u~d abide by ead+ and every tM stipulat~ona, ayreements. caxlitians, and covensnts of said prorrussory ~ot~ +~d t!w
mortya~ any or either, and sa~d cos~s. darp~s ~nd expens~s. ~ach ~nd everr, sh+ll be immediately d~e ~ed payabk: whether a not ther~ b~ ~oriu da
m~nd, anempt to collect w wit pendinyt and tM fvll amount of Nch and every suci~ psymant sh~ll bear inte~est from ti~e dat~ thereof undl p~k! ~t the
rate oi nins per ceotum per arnwm; and atl s+id cosn. charges~and expenses inow~~d w pa~d, togather w~th wch intuwt. sMl! b~ secured br tM iwn of tha
morrosp~. ~
b. TMt (a) in the event of ~ny breach of this Moreyape w dei~lt on the put of the MORTCaAGOR, a(b) in the ever~t ~ny of tatd ~~ms of nan~r
herein refer~ed to be ow prompNy and fvlly psid within thirty (30) days next aher the sams seve+stly become due and pay+bl~. without ek.n+^d o? notioe.
or in the swnt each and every the itipulations ~gr~nta, cond~tior?s and covsn+nb of sa~d promissory note ud tA~s mortpape arnr or ~ithar ~n ~ol .
~+hr. Pro~?~PNY +nd fvlly performed, d~sch+r~ed. e:ea,ted, effeded. comPte?sd. ca~pli~d with and ~bided by. then in esihK or any wch ~wnt the said ag
gregate sum mentioned in uid promiuay note thee remaininy unpaid, with intcrest sccrued, ud all moneys secw~d hereby. shall beoa+a dw and pay~
able forthwith, o~ thereafter, at tM optan of said MORTGAGEE, as f~lly and completely as if all of the said wms of moeky were pginally stipulated
to be pa~d on such day. aeylhinp in sa;d prom~ssory note or in this Mwtgage to the contr~ry notwithstanding: and ~he?euRon or th~rsaher ~t the optioe~ of
said MORTGAGEE, without ~otice a demand, w~t sf !aw o~ in pvity, therefon o~ ~here+fter begun, may be prosec~ted u if all aaneya s~aund hueby
had mat~ted prior to ib iMtitvtiOn.
7. That in rhe event tMt at the beginning of or st ~ny time pending u~y wit upo~i ~ o? to reforn+ it, a to enfwa
yayment ef any claims herevnder, said MORTGAGEE shsll apply to ttK ~ourt Mvinp jur~pi~Q~ fQe~~oi~t of • Receive~, svch Cowt shsll
Fwthwith sppaet a receiver of said matgaged propMy all and sinp~la?, inchidmg all and i+~O~F 1~1~R ~h~R~~~iswss and ?evenu~s from whst~ver
aaurce derived, each ~~d every of wFi~ch, it beirg ~xpressy w~d~ratood, is hereby mwtgaged si S~.speaficaTty t'f~tifi and dewibed in the prantinp and
habendum davses hereof, and such Receira ~+all Mve aU the bro~d ~ed ~ffective fur?a~a+s and powers in a~yw~se entnated by a Cou?t to a Receiver, and
:uch appointmeM shall be made by wch Court as sn a~niHed eq~ity snd a manar of absdute right to s~id MORTGAGEE. ~nd without t~ference to -tl+~
adaq~rsty or inadeqvaty of the vatue of the property morlg+9ed or to the solventy ~ns~p~ty ~d f GpR M?e defendants, and that suth
renn, profits, i~come, issues and reven~es shsll be applied by svch Receiver scoor toM4~lien~~~~~~~1~sAGEE and the ~+c1it~ of s~+d+
covrt. `'V 1'h ~l~"~
8. To d~ly, p?omptly s++d fully puform, d'~sch+ry~. exec~te, effect, compkte, oomply with arwl ~bide by each ~nd every t stipulatioos„ ~rea.nents, .
conditions and ooven~na in said pr«eissaY oot~ and ~his mortysge set forth. ?Q t~ITlZia$
4. That in rhe event ~he ownenhip of rhs mort9+yed Pre^~ises, or any pan ther~.~c^~ 1~ ~~~~~her tMn the MORTGAGOR, th~
MORTGAGEE, in wccessws and augru, rnsy. withovt notite to the MORTGAOR, deal with such waestot a wttessw in i~terest with ~eferu~oe b tfiis
nortyspe ud the debt hereby secured in th~ sam~ msrwier n with Mwt9ago. w~tlw~rt in ~ny w~y vitistiny w d~scl~rg'~ny the Mo~t~apoa' lisbility herr
under w upon the debt hereby secured No sale of the premises hereby mo.tp+ged a++d no fabearance on th~ put of the 1MORTGAGEE a i» s~cceswn
or asigns and no extension of the time fcr ths paymem of tha debt hereby secured Qiven by the MORTCaAGEf w its successors or +uigra. shall op~rat~
to rolease, d~scharge, modify cMnge or affect ths wig'mal liatility of the MORiGAGOR harein, either in whole or put.
10. It is spedfically agreed that time is of tht easence of this contwct and that no waiver of any obtigation herew~der or of t!w oblipation ~e-
cured hereby shall at any time thereafter be held to be + waiver of the terms hereof a of the instrvment secured herby.
I1. In add~tan to the fwego:rt9 monthly psyments of princ:pal a~d interest required by the promissory note secured hereby, morfgsgor townants
and agrces to pay 4o mortgagee with each mon?hly payment an additanal sum estimated by mortg~gee to be eqwl ro 1/12 of the annwl cost of the follow-
ing:
A-/UI real property tsxes kvied or assessed ayairut the above dcscribed ~eal estate.
B-Premivms on fire and windstorm inswance as herein requ~red fo be carried on the improvemes+~s situate on the sbove described premises.
' C-Premiums on such mortgage gwranty inwrsnce as mo~tgsgee ihaU from time to time deem fit to cury on the loan secured hereby.
Mort9sgee shall from time to time ratify matgagor in writing of tM smount due and payabk herev~der and wch wm sh~ll tMreupon be due u~d
~ payabk on the due date of the next monthly payment and each successive month thereafter until mortgsgee sfiall ratify mortgayor of s chanpe in wch
amount. Such wms shafl be applied by mortgagee toward the pay*ne~t of real property b:es, inwrance prem+ums, and mortg+y~ 9wr+~1y insuru~
premiums. '
IN WITNESS WHEREOF, the ssid MORTGAGOR has hereu~to set his hand and seal the day snd t sfaesaid.
sgned~, se.lea .~a derve~~a i~ +h. p....na. or: OON QOI~PANY
ey
~ e y , Pr~s Qnt ~
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STATE O: FLORIDA COUNTY OF ST. LUCIE
1 HEREBY CERTIFY, That on this L'Y ~ day of OctobQ= , A.D. 19 69 ,
before me personally appeared Kelly H311 xaodrc
~e~di~t~c President ~mbt ~ , of
KBLLY ~NS?RUCTION COI~ANY , a Rlosida? Corporation, to me
known to be the persons deu~ibed in and who executec! the foregoing instrumeni, and severally acicnowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they
affixed thereto the official seal of said corporation, and the said instrument is the ad and deed of said corporation.
WITNESS my hand and official seal at Fort Pierce , said coun state.
This instruaent pYSpared by ~ _
John W. Coll ins • ~ . • : .
Risst FQderal Savings and Loan ~..i ~ and for St te and County a~foresaid.
i ion o! Rort PiQree : y:'~K' ~i'ires: ,~e~.G~ oi Fb~da at ls~e
Assoc ~?t _ , p~,~, i~otuy PuLI'ic, st~te
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Jn. -•~~U``` ~~A~rad~ fi~li~
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Checked By ' ~:u~~~;u~~'''~ -
eoox~.$0 ~c~~~~~~ ~
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w~y'~':~Y?'~. Y+.~ ,y. ~ .
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