HomeMy WebLinkAbout1144 3. To place and continuous!y kcep w+ the bu~'dinga nuw or hereaftc~ ~~tuate vn sa~d ~and and on aC equ~p nrnt and F+ersona~ly cove~cd by this mortg-
ags, with all premwms thereon pad ~n iu:l, Gre inswanct ~n the ~ti~at starclaid po,cy form, in e s~m a~,;~:oYed by thc AI~Jk~v~'vEE, a~~d w~ndstam
~nwrante in the va..al s~anda~d pot.cy ?o~~n, ~n a sum s~E~ro.cd bY ~~e MORTGAGEE, in tuch co:r+pa~~y o+ con~pan,es as ~he A10R1GAGEE may
d~recl; and aU (ire a~d v~~nda~orm insuTante po~~c~es on any ef sa~d b~~ld~ngs, i~y inte+est Ihere~n or ps•1 the~col, in Ihe o:~grcyate s~m ~lore~aid Ot
in eacess Ihercol, ti!~ail cunre~n the uwa! sta=~dard ~:~or~g.~gee c~ause w sv:h othe~ d.~.,se as the A1or~yay~ee aiay req~:re, meling the ios~ unJe~ sa~d poli-
c~es, eatA and eve~y. payab'e to saed \tORTvAGEE as ~ts ~ntcrest may ap~xar, and each a~~d rvery swh ~~o~:cy •haH be prompYy aas gnrd a~+d dcG.errd ~o
any held by s~+d MORfvAGEE aa f~r~h.~r srcurity to sa~d mortga~e debt. and, not !est th.tn trn ilai days i:i ad.ance ol tF.e eapuotwn of each poS~cy, to do-
I~ver to fa~d MORiGAGEE a ~e~ecveal thereof, to9Nhrr with a rrce~pt for the pre•~~wm of avch renrw~~; a~~d ihrre shai? br ~K i.rc or w;~~ds~o~m insurance
pleced on ~~y of sa:d b~~!.i~n~s, any interest thr~e~n or pa~~ thrreof, v+!ess in the form a~~d w:~h the Ie:s pa~abtc as alcreaa~d; and in the eveM any sum
of money becomes payeble vnder s~ch policy a po~~:~es se~d hIURIGAGEE sh~11 have ~he opnon ~o .ec_•~.e ~~~d applq the sa:~~e on dCIOJ 11 of ~he indrb~~d-
ness setur~l hereby W ro pcrm~r sa~d MORTGAGORS ~o receive and u~e it or eny F,a~l th~~ cof tor onr.r ~.ur; :.s~•s. •:..~i>, :t ifi cr ~•npa~r
ing any equ~ty, lien W r~ght under or by ~irwr o+ this ~~act~ege; •~~d in ehe evaM sa d MO~TOAGORS :hi!I :or any reason fail to ?ecp ~he sa:d pre~nitcs so
~nsured, w fail ro drGvc~ pr~np~ly a~y o# ss~d po~a~rs of mSwOrK! ~o sa:d MOR1GAGtE, or ra~, p:on~priy to pay f~~:y ony y>r~•~~,~„~n therrto~ o~ in a~y
re?Fect leil to pe+fwm, d~scharge, eaecure, effect, con~p;ete, co:»ply w~~h and a5~de by th~a cov.r..a», o~ any p.+rt h~reef, s.ud M~RiG~Gt! n.ay puce a~~d
pay fu~ a~ch insuran:e w•ny part ~hereof w~tho~t waivirg w af}ec~ing any ophon. lien, equ~~y, o~ r:gh~ w~der or by vi~r~e o~ th]s ltlo~tgage, and ~he
t,:ll ~mo~nt of each and e.ery su:h pa~n,ent ahafl tx u:~med~etcly due and p.~~aUlr a~~d shati b~~er ~ntcrrs~ f~em iha dafe thrrcof unf11 p.,~d at the rate ol
~~~~e per cantum per annu~n a~w~ toac~lkr w~th such i~v~~:eat sh~;, :~e sr:.,red hy the I~en of ~h~s mort~eye.
1. To permit, commit w suffer no waste, imp,~ument o~ dctrriora~~un of sa~d p~opcrty a eny part th.•r.v(.
5. To pay all ?nd sirg~4r ~he costs, ch:rges and e~pe~:sra, mciuding a reasonabte etromry's fer and cesrs of ebs~racts of t;~te, incur.ed or pa~d a~
~n„ time by sa~d MORIGAG:E, because a+n the eve~>> ~f thr fa~~ure o~ ~nr ea*f ot ihe sa~d MORiGAGOR ~o du:y, pro-.-pi~y and fu',Iy F:~•rtorm, d~scharge
_.~~.vte, effece, con+plr~e, comply w~th and aode by rach a~~d e.ery ~he snp.:'a+:o~;s, a9ree~~~~~~ts, co~,d.!,uns, and co~e,,.~~~!s o~ sa~d ~~~on„sory note and ~h~s
--orrgage any or a~hr~, and sa d costs, chargea and exFr~sei, ea.h and eve~y. aha~l l>e im:~~ed~e~e!y dve and ~ ay.~~,.e; v~h~ ~her or not ~hr~e be nor~ce dr
c,and, a:~empr ~e coi,ect w suit pend.n~; and thr t~1t anwum o! ea:h e~~d rv~~ry svch ; a~n:ent s~vi~ ! ra• h-a•«-s~ from ~he da~e tharrot umil Fa~d at the
.~~e o+ n~ne p^.r centu•n per an~~u.n; a~x: eu fa~d cos~s. charges and r.:~.rns~~s inc~rrrd Qr Fv~:~. tuyrNier w~~h wch io~r+rst, sha~l be seturrd by the lirn of th~f
mort9age.
6. That (a) in the e.ent of any brrach of th~s Morfgagz or .~:fa:'t on ~r,e parr of r~:c !dOR]G-~GCR, or ,b! )n rhe evenl any of aa d sums oS m~ney
herein referrrd to be nat prJmpt:y and futly pa~d ~r~ r::.i ~h+iy ,3J: ds~s r~ext a•n_~ th~ sa~.,c Sr.era'iy t•;;o^~e• dve and payab!e, ~vnheut de~~~and o~ nonce,
or :;t) in the e~ent each and lve~y Ihe stiExrlai~ons. ac~reemrnis, conda~ons a~d c~veaants o! oa.d F•ron~~~swy not~• a~u1 th.s mo~tgage any or either a~e nol
~~'.y, prO~nptiy ~nd fu~!v ~~rformed, d•xharged, e~etuR'd, tlfected. Cu:npleted. to~np~,ed r:r.h and aL~~u:~d 5v. ~F~en e~~her or any such event the sa~d ag-
~regate lu'n !*~ent~o~~ed ~n sa~d prom:uory n~te tnen re~~u~n~;~ ~r.paid, .~~th ~nterr,t a.ciurd, and a•: nw+iris s<wr~d herrLy, shell :>eCOme t~ue dr.d pay
ee.e fonhw+tA, cr iheree'tcr. at the o~e•on of s~~d ASJRTGA~atf. as ~~t~y a~xl com~:;erriy as ii a~i uf r! s. d s~~ra ef nwney N2fQ or~g~naity N~pu~ated
ro be pa.d on svch d_y, an~~h~ng in sa d pru:n:sso~y note e. ~n rh~s :\ortga~e ro Ihe cun~rary net.rrthsta ~q: o:~d !hr~r~ion or thereafrer a~ ~he op~~oa o(
se:d MORTGAGi„ v.~rhevt nO~~C@ or ~{emand, w~t a~ ~aw w m equ~ry, the~efvre or Iherra4ter bcyun, r.~ay :.e F>rasecuted as if ail moneys secured hereby
r~d matuted pr~or ~e .ts ~nst~fue~on.
7. That in the event fhat st rhe begln~:ng of or at any nm.e pend~=,g a~y wft upo~ ~h~s No~faage, or to fweciose it, or to reform i~, or to enforce
payrMnt of any ua~r.,s he~eundrr, sa~d h10RTGAGfF sha': apply tu thr Ce~r~ ha~~~~q ;uned.cr.o=~ ~~~~-~~`o! ior the aeµo~ntment of a Recewer, s~ch Cwr~ shall
ferfhwith appomt a rece~.er of s~~d mortqaycd proarrty a1! and s~rw3u:ar, ;r.c:vd n3 a;~ and s~~~q~~sr ~h~ incon.e, ~-,~ot,ta, issyes and revenues 4rom whate~er
s=u•cr derived. each and e.e•y of .~h,cb, ~f be~ng eapre:s;y undersrood ~s here6y morryagrd as if spec f~ca:~y ser forth end descr~bed in ehe grannng and
h3txndum cisvses hereof, and wch Rece~ver sha~~ havr ai+ tlx broad a~d effecrive fur.cf o::s and po.+ers ~n any:vlse emrusted by a Co~rt to a Recriver, a~~d
~_;h appoinTrr~nt ah~ll br n::.de by s~+ch Co~rt as an ad~^inc-d eq~~ty and a nw~ter oi aL~sotute r~ght t0" sa~d htiJRiGAGEE, a~d w~th~ut refcrerue to the
r~eqvacy o~ inadequacy of the value at the p•operfy mor~gaged or to the soxency cr ~nso~.ency oi said MpRTGAGUR o~ the drteedants, ar~d that s~ch
e•~•s proGts, inco:ne, iss~es and rever.~es shaii be appbeo by s~ch Recr~ver accordn;g to the Gen or equity of said ht~R7GAGEE and fhe pracnce of such
Court.
8. To du!y, premptly and fu~ty pe~form, d<scharge, exec~r2, eifec+, comp~ete, cun,N~y w~th and 'abide by eacF. and every the st~pu'ations, agreements,
;ond;tions and covenanTS sj~d pronissary note and th~s mortgaae sr+ forth.
9. That m the event the ownershlp ot the mortgaged prer.:~ses, o. any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the
4•~RTGAGEE, its su.cesso:s and ass~gr.s, may, w:thout net~ce to ~nQ MORiVApR, deat N•nh wch suc2essor q successor ~n ~nterest with refere~ce to this
~o•tgage anrl rhe dz•u~ hcrrby secwed in the same ma~ner as w+~n 6!o~v~ago~ v.~rhout any .way v~t:atinfl Dr d:sCharg~ng the ldcrtgagori liabil:ty here-
der or u~n ihe dect herrby sei~red. No sa?e of rhe Fre~:~ses he~rby me~:gaged acd no forbrara~;ce on the pari of ~he 1dORiGAGEE or iss successo•s
e~ ase~g~s a~d no e¦tz~s:o~ ~i rhe t~me 4x the paymem of t~e dcb! he.c6y secured given by the htiORTGAG:'_ o: its soccessws or ass~gns, si~all operate
ro re~ease, d.scha:ye, mod~fy thange or affect the orSg.nai f~ao ..ry of ~fie N~ORiGAGOR here;n, e~ther in v~teo~e or in part.
10. N~s spec fic~'iy agreed shet t~me is of the esse:-ce of rh;s contraa and that no waiver of any ob':gat~on hereunder or oi the obligaYan se-
cured hereby sha:i af an. h~e th~:ea~rer ee F.e:d to be s wawrr ot the terms hereof or ef fhe instr~mem srcured h~rby. t
11. !n ~od ~~„•eac ^ o~~hiy pe,rr,nts o` pr.-c ~~a~ and i.:tares~ re~~~red by the p~om sscry no'r secured he.eb~, matga~ar eovenants
a•~d agrees to ~a~ tc ^.o~'g'3ee v.~'h each rr~cnvh y ray: ~ent an ap;a.•,onai sua~ ~s~ ~ aeed b~ mo~tgagee to be equai to 1 12 of t:ee annua{ wst of the fo~tow-
a
A-AI! rEa` p~ope~ty taxrs tev~ed or ass,ss,o ~g3~ ,s~ ti,c a~a~e deso:~cd rea! es~a~e.
B-Pre~ _~s on f.re ar.d w~r,ds+o-m insvro^ce as nere~n req~:red to br carr;ed c.+ ihe ~mprovements s~t~ate on the above rl~sc.ibed pr~tJses.
C-Pre~-.l,; - s o~ s.ch rr orry~e gua~anty ~rc~,~a~ ce es mc~r3ayee sha!! ficm t rne to ::~r:r ,deem f~~ to carry on tne loan seevf~~~~~~
ri~
' Mwtga~ee s~a- `~c•n t~:re to T;--~e no+~{{ mo•~gayor ~n wnt~ng of 1he amounr d:~e and payable hereunuar and su~sy~r`~Ita~~~F~y~i~;
u~ and
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; :-,able on the c~e ez•e eF rhe r.~,et ~:-:onthl~ nay~~e~•.i a:.d each s~ccesz~ve mo~th thereafter urril mcrtgagee sha!I noY rtx~t iq svth
~ 4' . •
; _~.a~nt- $uLh S~•"S S~~ bE a~~~ ~ta by mpri~d~?0 to~.tia-d 1~@ paymEnt O} rCa~ pro~Rrly taae5, insurdnt0 prem:ums, `~F~f~t~ tllfY/d(KG
~ ~.e~niums. , : . ~0 _
: ~'.ti ai - ~
; ~ IN WIiN:S; 't;rt_~;OF *~e sa,d MORTGAGCk has hereunto set h~s hand and seal th, day ~d ear ' s~f~~or~esa: . ' G7
{ S:g`~ , Seated ~d da!~vered in the presence ot: FILED A!10 RECOi~DEO
' _ ~~-~_~~ia n'~ ' SL IUCIE COUMtY FIA. gy " ' - ' ^ aq
E ~ a0;,f ~ PO~ I R A S ell all .
_
-~.~-r-.-rtsea!)
; - CIERK CIfi~UIT GOURT , ~ _ .
'v'i~.~ RECt~Pr VEa1f1E0~ ...~--~-.15e+q
€ ~ '~i - ~{71~ ~ al)
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~ - ' - - - ~E8 Z~ 22 1 ~ - - - - - _
~ STAtE OF FLORIDA ~0`3`~~~ COUNTY Of ST. LUCIE
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~ t HEREBY CERTIFY, That on this day of--___ February , A.D. 19 71
betore me personally appeared _ Kell~? Hall ~
r
~ ~espectively _as President a~bL_--- ~ - - - of
~ Kelly Construction Coapany _ _ Rlorida
, - - a-____._____-_._________ Corporation, to me
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known to be tne persons described in and who execvted the foregoing instrument, and severally acknowledged the exe- ~
,
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~ -.:Tion rhereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they
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r ~~HMII~~II~i~~'Y',
~ afiixed thereto the official seal of said corporation..•~ d~~.,~~ ~,instrument is the act and deed of said corporation.
: ~ ~ ~
~s NITNESS my hand and official seal at Fort Pierce ~ , said county and state.
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~ ' ~ ~ _ ~ •~it, in and for State and County aforesaid.
- - ~ ~ ' issiort. Expires: ~
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~ . ~ ; . ~ : MY C.ir.it~~S.;tON f~CPIRES~ 19'Ts
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