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To p~ace and cantinuoualy Aeep on the 6u~'d~~~gs nuw w he~eafter s~tw~e on sa~d la~d ar.d on ali ~q~ip:neN and persunally covered by ihis mwtg-
ege, w~rh all premiums ~hrrcon pa~d i~ fuil, Lre insurar.cr m ~he usual ar:ndard po~~cy form, in a su+» aHN~u~~d bi t~~c 1.1:~R:v:+GEE, a~J w~~~dstorm
~nsur~nce in ~he usual srandard pot~cy lo~m, in a sum aE.p~~~ed by the MORTGAGEE, in such tompany o~ compan~es os the MORIGAGEE may
duee~; and all (ire and w~nd~torm inwrante pofic~es on any ol s~~d bu~~d~ngs, any interes~ thrre~n o~ pa~t thr•eol, in the aygiegate sum afo~esaid or
in eiceti ihereof, shall contain the usual standard mwtgegee clause o~ such o!he~ d~use as the Mortya~ae may rryu,re, maAing the ioss unJrr sa~d po~'r
c~es, eath •~d eve~y, payab!r ~o sald MJRiGAGEE as ~n ~n~~•r~st may appear, and each and every s~ch ~:o:~cy ?h,ll 1x ~:romNt~y aa: y~~~d a~~d del~vrrrd ~o
eny held by uid MORIGAGEE as (c~~h~~ src~nty ~o sa~d n:o~tgage deot, a~~d, ~ot Icss than ~en (101 d~ys in .~J1a~~~e of ~hr exp~ro~~o.ti of ~ach pof~cy, to de-
liver to sa~d MORSGAGEE a renuwal Ihereof, toge~her wirh a rrce~pt fw the premium o( such re~,~~r.~i; .,:~d ~1~rre sh.+ll l,~ ~~o f~re or V..~~.1s~w~n inw~ance
plaeed on ar+y o1 said bui!d~~~gs, a~y intcresf the~e,n or pa~t IhrreoF, ~nl.:sa in ~he fo~n: a~~d w~+h Ihe loss payal,!e as aforesaid; and ~n ~hc rve~l any sum
of money becw.nes payable under such policy a pol•c+es sa~d MORiGAGEf •fiail have ~he oN!~on ~o ~~c•.~vr ..~~d apF~'y sa~~~e on dCCOJ 11 of the i~~Je6~~d-
nass setured hereby o~ lo per~nit fa~d MORTGAGORS lo retaive and ~se it o~ any ~~a~l tin•:~•of tor .~:n• r~.ur. .:scs, ,..~r:~„t i1~ u, ) ~r ~'~~P~~'-
ing any equity, lien or right under w by victue ol ~his mor'gage; and in the event se,d A10RTGAGQRS shaU for any re~son fail to kcep ~he sa:d p~emisrs so
~nsu~ed, a f~il ro delive~ pranF>tly a~y of sa~d pol~ues o! :~~s~rance to sa~d MORiGAGfE, or f~~I pru~~~pt:y ~o ~>ay fully ony prr,~~~urn th~.•rto~ or in a~y
reipect lait to pe~(orm. d~scha•ge, execute, ef(ect, complrte, co•nV~Y W~th and abide by th~s covena::~. or any pa~1 h.rcof, sa~d MOR1v~GEE m,y piace a~+d
pay (w such insurance or any part ~hereof without waiving or affecting any opt,un, I~en, eqwty. or ~~~hi u„Jrr or by v~rtue ot thfi Mortgege, and the
f~ll a~noum of each a~d every such payment sbell be ~mmcd~ately due and payable anJ she:I b~•ar intr~~st from tha dare iherrof untii ~.,id a~ tne rate ol ;
n:ne pM cen!um pe~ annum and togrthar with wth intrrest shaV~ be s~~wrt•d by the I~en of this ~r:ortgagr. '
1. io permit, tommit or suffe~ no waste, impe~nnent or detenorol~on of sa~d propeny or any part ~hcrrof.
S. To pay all and ainguta? the costs, chargea and exFx~~ses, ~n.lud~ng a reasonable anom..•y's fe_- a~~d cos~s o! ebs~rras of title. incw.ed or pa~d at
any tin.e by ta~d MOR1GAGfE, bec~use o? ~n the event of the fa~iure on the pait of the sa,d MORiGAGOR to d~~y, pronNt~y and f~tiy ~,~~tor~~z. d~scharge.
e¦ecute, e}(ect, cw~~plrte, comply w~th and ab.de by eath and rvery th•~ stry~~at~Ons, dgror~.~_'nts. condmons, and tovrrants uf s..~d pro.~:,ior~ note and this
.~~urtgage anr or e~~her, end sa d costs, d~arges and exFensea, each a~~d every, shail tx immcd~~t~!y d~~e ar:d Fay :L:~; ~nli- ~hr~ o~ not fh~re be nof~ce d_~
me~id, ~itecnpt fo coifec~ Or s~il pend~ng; and the tull amovnt of euh an~ every svch p~rn'.rnt 5~~~~~ +i~f:'rrs~ fron~ the d~te th~re01 until ~aid at tht
r~~e o~ ~une {xr cent~m per an~w:~~: u~~~ alt sa~d cosn, charyea ar.d E'i:i~'1~SCS inc~rrcd ur paid, toyuii~rr .v~~h such mt~~rst, shail I;e secured by the I~en of th~~ [
~
rnortgaye.
6. Thal (a) in the eveM of any breach of this Mortgage or de~.,..~'r on th~ p~~rt of tf~e :.".ORiGAGOR, or ;b) in the event any of sa,d sums of mcney
herein referred ~o be ~ot prornptty and fully pa~d wnh~n thrty (30) Ja;s ~~:~x1 a~t~•~ the sa•~~e sc~e~e'!y become due and peyib!c, w~tt~out demand a not~ce,
or in the evem each and e~ery the shpu.a~~ons, a9reemrnts, co~tida~ons and covananfs ot s.~.d pro~~~~is~ry no~e a+~J iF„s mortgaye any o~ e~ther aro ~ot
~u:y, Qromptly and 1ully per(ormed, d scharged. eaec~ted, effettrd, compteted, conip~~ed w~th and ab~d. d 9y, tt~rn ~n e•~her o~ any s~ch eveM Ihe sa~d ag-
qregate sum mentioned in ;a~d p+o~n~sso~y no~e then re•naln~ng unpa~d, w~th ~ntcrr,~ ac~:ucd, end a.t n~ncys secured hereby, shail bccume d~e and pay-
ao~e forthwith, or thereefter, a1 the op~~on ot se~d 6tpRiGaGEE, as fui(y and cor.iplefuiy as il aU oi ri~r s.~~d s~~ns of n,uney were o.~g~~~aily s~~pulated
to be pa~d on wch day, anything in sa d prom~sso~y note or in tn~s Mortgagr to ihe contrary nohviths~a :d •~g; •,•'d Th~~r.-~F:on or thc~eaf~er ai the op~~on of
c~;d ~y1QRTGAGEE, v.~thovt not~[e w demand, wit at I~w or in eqwry, thrrefore o~ ther~eftrr kxguri, may be p:oaecuted as ii ail ~noneya secured hereby
n~d m~tured pnor to ns institunon.
7_ lhat in the event that at the beqinn~ng of or at any time pending any suit upon this Morf~age, or to foredose it, or ro relorm it, or lo enforce
Faymenf of any ciaims ~r~eundei, sa+d MORTGAG:E sf~atl appiy to the Court having ~unsd.c!:un thtirct {or tlx a}:y:o~nhnent of a Rece~ver, s~ch Cowt shall
fcrthwith appoiM a rece~~er of said r•:ortgaged proaerty att and singu~ar, indud ng a~i and a•~~g~ia~ the ~nca.,,e, profirs, issyes and reve~~ves from whatever
seurce derived, each ar.d every of ~nh,ch, ~t being exp~ess!y understood, is her:•by mortgaged as i} spec.f~cally set forth end destr~brd in the g~annng and
h~bendum da~ses hereof, and wch Receivrr shall havr ail the b~oad and effective funce ons and po~ners ~n anywis^_ ent~~seed by a Ce~~t to a Receiver, and
s.ch appaintment shall bc made by such Court as an ad~n;tta-d equity a„d a~*wtte~ of absoiute nghl fD" seid h1URtGAGEE, and w~th.;vt reference to the
a:fequaey a inadequacy o~ the value of :he proprrty mo~tgayed or to +he so,vr~cy or ~nsc:,renr~ of sa~d MU2TGAGOR or the defe•~dants, and that such
;_.,rs, protirs, incane, ~swes and revenves sha~i be appl~ed oy such Rec~~ver accord~~~g to ~he :ien or rquity of sa~d MOR2GAGEE and the prauice of such
Court.
B. io d~ly, prompt:y and fvtly perForm, dlscharge, execvte, effect, co~rplere, co:nply wirh and 'abide by each and every the stipu~ations, agreements,
.onditiom and covenam~ ~n sad prornissory note and th~s mortgage srt forth.
9. That in the event rhe ownership of the rn~rtgaged prem~ses, or a~.y parl thereof, bccomes vested in a person other than thr MORTGAGOR, the
ht~RTGAGEE, ita wccessors and ass~g~s, may, w~thout ~orice to the MORTGtiOR, deai w~th s~ch suc2essor or s~ccessor ~n ~nteres~ w~th reference to this
rro:rgage and the d~bt hereby secured in the same manner as w~th Mo+tgagor w~thout in any .way vit:ating or d,srfiarying the ldcrtgaqoii liability hcre-
~~der or u~wn the drtt hereby secu~e,d. No sale o( the prerisPs h~~reby mortgaqed ard ~o iorbearance on the part oi the /AORTGAGEE or i's wccessors
er ass~g~+s and no exr~ns~on ot ~he t~me for fhe payment ot the debr he~eby sec~red grven by the MORit'iAGEE or ~ts succeuors or ass~gns, a,~af1 operate
ro reieax, d~scharge, mod~fy char.ge or affect the orig;nal I:au.:~ty of ihe N.ORiGAGOR her~in, either in whole or in part.
10. ft is spec~f~cally agreed that time is of the esser.ce of this ccntract and that no waiver of a~y ob`.~gat~on hereunder or of the obligation se~
a~red hereby shal~ at an~ time ~hueal~er be he.d to be a waiver of the terms hereol or of the instrument sec~red herby.
11. in a:id a.^:~ fo rt.~ io~ey-o ng r-.o~th!y paym~ nts of pr~-u ;;ai and ~~Trrest requ~red by the p*cro sscry no'e securr~ hcreb7. mortgagor eovenants
end agrees ~o pay to -z:e-rgagee w~th each r.~~onthiy pa~~ ent an ad3.nonai wm ~z~ ra~ed by mortgagee to be equal to i 12 of tl~e annual cost of the foUow-
a
'g:
A-AIO r~a! Frope~ry taxrs lev~ed or assessrd ag~:•~st thc above desc~~bcd r.a~ estate.
' B- Prer~~u~ns on f~re and w~r.dsrorm insurarce as i:ere~n requ~red ro be carr~Fd on the ~~nprOVementS s:t~~te on the above d~suibed pr~nlses.
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~ C-Pre«~v~• s o~ s~~ch monyage g~aranty ir.su:a: ce as mortgagee shail fro:.~ t ~ne to t~me dee~=~ fit to carry on the loan setut~~~~~y~~
t~~
' AAortgagee shs!: `-cm tnne to i~ax no~~fy marfgager m wnt~ng of the amo~nt due and payable hereunder and wch sy~r`L11~t~~~~ r 6l.Slue and
~ ,.ab!e on fha d~,e da+e of ~he nent n~onth:y payme„t and each successive month thereaf~er ur.~il mertgagee sha!1 notit~ rrxl7t YDf,A~~,in such
! - - • ~
i .-aunt_ Such su~^s s~ br app:ied by mortgagce to,ka*d the paymem of real pro~x~ry taxes, insvra<~ce prem.ums,' ~nd~ , uuufOnce
.>rem~ums. ~-t~~ .
~ ~Vl`n' '
~ IN WITPJ~;~ '.7H~R_OF rne sa~d M~RTGAGOR has hereunto xt his hand and seaf th day nd ar ' s~~ia~ .
~ Sg Sea~ed nd d~•.~vered in the presence of: f~~,E~ AKt~ RECOROED -
~ .~~~I n1. ~/~~''ti ST_ LUCIE COUNIY FLA. gy " I s1~
~ ~ ROoE~i ?O11RAS ell a ~ • ' '
~ ~ _ CLERK CIRCUIt COURT ~ ~Ses~~
- . ,
- ` RECO~?~ vE~tFIED~ ' 4
` ~'~i ~{7 1~
~ ~ ~ al)
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- - - - - - - - - t EB iii ~ ~1 ~ ! - - f lE0 ANO RECOA ~ a ~.'tl"~r++- -
! 20~~.,7 . LUCIE COUNTY
~ ROCfR PpITRAS
~ ~TATE OF FLORIDA COUNTY OF ST. IUCI~eb RF~CQ~EDRVERR
IED COUAT ~ , A.D. 19 t
~ I HEREBY CERTIFY, That on this day of ~~~drY 71
r before me personally appeared Kell~? H2i11 12 ~~T~
~
~ respectively as President ~c - ~ of
= Kelly Construction Company F~o=i~ JJ~~ _ Cor ration, to me
~ - - a---------------- P~
- known to be the persons described in and who executed the foregoing instrument, and severally acknowiedged the exe-
y cution thereof to be their free act and deed as such office,~s fo~ fhe uses and pursoses therein mentioned; and that they
~ ~~..~~~~~~.~.;,,.c_
affixed thereto the official seal of said corporation..•~ d~ ~4 inst~umsnt is the act and deed of said cor ration_
~ P°
V`JITNESS my hand and official seal at Fort Pierce said county and state. ~
~ •,t..,~~ n' i Y,• '
.s : v h
This instrument prepared by: ' ~ ~ . - -
John Collins - First Federal ~n and for State and County aforesaid.
~ ~~~~ssion. Expires: _ _ uRCE
~Y Savings and Loan Association j,~{, . Mt1l C:iMMI;i.:iON EXPIRES SEPT. 2, 1~7i
~
:y of Fort Pierce, Florida ~%~~l~'•~•.::::~~'~~~'r:
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~ Yiaa.~ob~6poc - - to Comply with the Scrxvener's 1lct.
~ BOOK
~ ~ R ii~.
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~ ~ R Z9~ 2'09?
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