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S ~ To pJx~ and continvously keep on the buildings now a hereafter ~tvat~ cu? sa~d land and on all equlpmr~~ and perwnally covered by thi~ matg~ p~, with ali prem~ums thc~eon paid in full, i+re insurance in tM usual srondard po~icy torm, in a sum approva! by the MURiGAGEE, a~~d windstam in~urance in ihs uswi ~~anda.d pol~q (um, in • ~um approved by ?M MORTGAGEE, in such company or compan~es aa the MORTGAGEE may direcn and all firs and windstorm insurance poliues on any b( sa:d b~ild~ng~, ~~y inte~esl the~ei~ or pa~~ thercof, in the aggrega~e ~um afaesaid a In taceu Ihe~eof, sMll contain 1he usual standard mortgagae dause o~ such o~hcr ctauts as fhs Mo+tgagee may reqwrs, m~king the lo~s un3z~ imd polr c~e~, each anr! ewry, payable ta said MORTGAGEE as ~t~ intere~t may sppear, and each end eve~y iuch po~~cy ~hatl ba promp~iy a~s 9~~ed and delivered ~o any held by u~d MORTGAGEE as furthm security to said matga9e debt, and. nor less fhan ten (l0y days in adYa~xe o1 the expirat~o~ o~ cach pol~cy, eo de- liver to uid MORTGAGEE • re~wal thereof, fuga~h~r with a~ete~pt for 11x premiurn of such renewal; a~~d there shall be no f~re o~ wi~~ds~o~~n in~urance placed on any of said buildi~gs, ~ny intereat therein w part tlKreof, unless in Ihe form and with the loss payable as aloreaaid; a~d in the event any sum of mon~y becomef payable uixkr such policy or pol~ues said MORiGAGfE sha~l have the opr~o.~ to reccive ~nd apply the ume on account ot the indebred- neu secv?ed hereby a w pamit sa~d MORTGAGORS to rese~ve and us~ it a any part tAe«wf e~x osi,or purf~oars, w~rtw~i ih:•~ui K"dILl1~ or u~~pe~r- inp any equity, lien or riqht unde~ ot by virtue of this mortga9e; aod in 1he evem sald MORTGAGORS shatl tor any reaso~ (a~l to keep t1+e :a~d prenusrt so insured, p f~il b delivCt p~OmpUy iny Of taid polKiei ol in3uraMA t0 said MORTGAGEE, Or f~il prompt{y to pay IuUy any pre~»iwn therefor q in any respect lail lo pt~forny discharge, exetute, eflect, tomplete, comply writh and abide by th~s covenant, w any par~ hareof, sa~d MORSGAGEE may plsce a~~d pay iw such insuranc~ ot any part thereof withoul waiving or a/foctirq any option, lie~, eqv~ty, oa i~ghf undn w b~ v~rt:x oF this Mwtgage, and Ihe full ~rnovnt of each and evHy such p~yrnem shall be immediately dw and payable and ahatl brar interrst Irom the dale thereof until paid at the roq o1 nine pe? ce~tum per annum and toge~her ~ith such intereat shall be secured by Ihe lien of this mortgage. 1. To ptrmil, cnmmit w suffer ~o waste, impairmrM w deterioralion of said p~oPerty or any pan thercrof. S. To pay all and sirputu the costs, cMrges and expenses, including a reasonable at~orney's fce and cosq of abstracts of title, incurrrd a paid at any time by said MORTGAGfE, betavse o~ in the event of the failure on the part of 1he taid M~RiGAGpR to duly, p~on~ptiy and fully ~rFwm, d~xhar9e, executs, effea, comptete, comply w~th and •b:de by each and every the stipulai~ons, agreements, cond~~ions, and covenanes o1 sa~d p~an~ssory no~e ~nd ~h~s mwtpa~e any or eithe~, and sa'rd coats, chaiyss ~nd eape~ses, each and eve~y, shall be immrd~atety due and payable: wheeher w not there tx not~ce dr mand, altempl to collect w suit pendiog; and Iha fufl amount of each and every such payme~t shell bea~ imerest from ~he date tFureof untii paid a1 the .ate oi nine per centum per an~~urn; and afl said costs, cl~arges ar~d ezpanscy incurred o~ pa~d, toge~her wah tuch mte~rst, stwp be secured by ~he I~en of thii m«ro~~. 6. That (s) in the evero of any bnvch of this Mo+tgage or defaul~ on ~he pan of ihe MORTGAGOR. or (b) in the eve~t any of sa:d sums of money herein ~eferted to be not promptly and futly paid with~n th~rty (30) days nexr after the sa~ne severa:ly become due and payeble, without demand a no~ice. or in the eve~t each and eve~y the stipulations, sgreements, conditions and covenanrs of :a.d prom;ssory nu~e and ~h.s mo~tgaye any o~ e~~he~ •re not iuly, promptly a~d fully perfamed, d~xharged, e:ecuted, elfected, comple~ed, compf~ed w~th and ab,ded hy, the~ in e~rher w any such even? the aa,d ap~ gregate wm mentioned in said promisso?y note then remaining unpa~d, wilh interest acuued, a~.d a11 moneys secured hereby, ahell become due and p~y- eb~e forthwith, a thereafter, at the opt~on of said MORTGAGEE, as fully and comple~ely as ii all of the sa~d sums oi money were a~gina~ly st~putated to be pa~d on svch day, anylhing in sa~d p?om(uory note or in this Mwtgage ro the coa~ary notwithatand~ng; and thereupon or thrreaher at thQ oprio~ of said 1NORTGl~GEE, without notice w demand, suit at law w in equity, there(ae or therealter begun, niay be proxcuted as if sll moneys secured hereby had mawred pr~a to ~rs ins~irunoo. 7. Thaf in the event that at the beginntrg of or ~t any ~ime pending any svit upon rhu Mo.tgage, a?o foreclox it, or to refo~m i~, or to e~fwce payment of any tlaims hereunder, said MORTGAGEE shell apply to the Court havir.g ~urisd~ctlon thereof for the appointment of • Receiver, such Cou~t shall Fwthwith appoint a receiver of said mortgaged proS~erty all and singular, includmg all ar~d singula~ ~he iruorne, prol~ts, iuues e~d rever.~es f~om whatever source derived, each and every of whith, it being eapressty underatood, is hcreby mortgagrd as if spec:ficatly set fo~th and described in the granting and habeedum clauses hereof, snd such Receiver shall have +U the broad arsd effecrive (unct~ons and pawen in anyw~se eMrusted by a Court to a Receiver, snd such appointme~~t shall be made by such Courf as +n admittcd cquity and a matter oI absotute right to said MORTGAGEE, ~nd without rcfere~xe to the edequacy w inadeqvacy of the value oi the property mortgaged o~ to the so~vency er insolvency of said MORiGAGOR or the defendants, and that such renn, profits, irxane, iuues a~d revenues shall be applied by such Receive~ accorduig to the lien or eq~ity of said AAORTGAGEE and the practice of wch Covrt. 8. To duly, promptly and fully perfo?m, dixha~ge, execute, effect, complete, comply wi~h and abidr by each and every the stipulations, agreer~ents, cendit'a~s snd covenant~ ~n sa~d promissory note and this mortgage set forth. 9. That in the rvem the ownership ot the mortgaged premises, or any part thereof, txcwwes vested tn e person other than the MORTGAGOR, the MORTGAGEE, its sucteuors and assigns, may, withovt notice to ~he MORTGAOR, deal with such suct~asot w successor in i~terest with refere~ce to thii mortgage and the debt hereby secured i~ The same manner as with 1Jlortgagw wethout in any way vitiating or d~scl.arg~ng the Morfgagors' (iability here- undrr or upa~ the debt hereby secured. Ne tale of the F+emius he.eby mwtgaged end no torbearance on ~he part of the MORTGAGEE w its successon w ass~gns and no exrension of ~he time for the payment of the deb~ hereby secured given by ~he MORTGAGE~ or its successws w auigns, aMll operata ro release, d~scharge, mod~fy change or affect the org~na( Iiab~Gty of the MORiGAG4R herefn, either in whole or in part. 10. It is spec~ficatfy agreed that time is of the essence of this contrac~ and that no waive? of any obl;gation bereunder or of tha oblipation se- cured hereby shalt at any time thereafter be held to be a waiver of the lerms hereof or of the instrument secured F~erby. 11. In add.tio:+ to the forego:ng monthty paymenls of princ'pal and interest requ~rtd by the prom~ssary ~o!e secured hereby, mortgagor covenant= a~d agrees to pay to mo:tgagee v~ith each momhly payment an add~iional sum eatfmated by morrqagee to be equa! to 1,' 12 of !hr annua! cost of the tollow- ;r,q: A-Ail real property taxes levied or auessed against the above described reat estate. B-Pren:~~ms on fire a~d windstorm insurance as here~n requ:red to be tarried on the improvements s~tuate on the above described p~emisos, C-Prem~wns on such mortgage gua?anty insu~an~e as mortgagee shalt irom nme to time deem fit to carry or~ the loan secured ~{~rr~~ JNortqagee :ha?l frorr~ time to time not;fy mortgagor in writing of the amount d~e and payable hereundrr arx! such sum sFrQ'; 6[:~ F+Yable on the d~e date of the next moNhly payment and each successive month thereaiter urtil mwtgagee shall not+fy mor~agor~~~ 'y~~~G.wch amount. Such sums stia:l Ex appiied by mortgagee toward the paymtnt of rea! Froperty taxes, inswance prem:ums, snd L~ (1~~,~~Nr~~ i~WiJce p~emiums. • ` `V ~ 4E p • - . , ~~,i~. IN WITNE55 WHEREOF, the sa~d MORTGAGOR has hereuMO set his hand and seal the day aod sr st sforesaid~ ~::,~c:• ~ sg~,~d, s~.i~d der~~.~d M rf+e Exese~ce ot: FttED ANp RfCpRp~~ OONSTR ANy ;~~a_._}'Jd ~yt~~-~ ST.LUCIE COUM?~ FLA. ? , ~ ~ - IiOGER POtT1l~ii BY o. 4 CtERK CIPCUIT ~O~IR ~ - , ~ ,n RECORO YERIf1E0 e y ~ ~ ~ - se+0 f ~ ,('I ^ ~ ~ t5e+9 - - - - - - _ FE~ za _ ~ •z~ _ . _r,,.~;- _ _ 2(~5U22 STATE OF FLORIDA COUNTY Of ST. LUCIE ~ I HEREBY CERTIFY, That on this ~~zE day of Rebruary A.D. 19 ~l . , before me personally appeared ~lly Hall ,~,~„a respectively ~?S President~Wi~t ~c9~nsemo~ , of Kelly Construction Coapany ~ a Rlozida Corporation, to me known to be the persons described in and who executed tty fptepoing instrument, and severally acknowledged the exe- :i-.:; t cution thereof to be their free act and deed as such offi~~cii'1i'~~Qr~ uses a~d pursoses iherein mentioned; and that they affixed thereto the official seal of said corporatipr~ ,pnd tFu'ln~i~. instrument is the ad and deed of said corporation. ~ • WI7NESS my hand and official seal at Fort PiercQ~ , said county and state. This instrunent pzepared by .~t`:-- : - . J. D. Chastain ' ~ ~i . , _ Fizst Fedezal Savinqs and Laan ~-~~Y Public, in and for State and County aforesaid. Association of Fort Pierce, Fio~3a~-~ ~.eommission E~~:w~ AT tA~OE ' t~~ . ~ -•MMIS~ION EXPIR~E.Sf ~ ,^_a.,~,:~,,--,..'',~`' ~ ~ ~ IM. OIfSTE1NORl~ Checked By $~0!(1~ ~~G~„~ L~ A s , ~ ,s ~k~'~"-Caax ~.'~;~...yz: s u~::~ - _ „ . . 3~c.