HomeMy WebLinkAbout1686 3. To piace and conr~nuousty leep on the 6u~'u~r~gs nux o~ h:ereafter e~~wre o~ ;~~d ~and and on al~ equipmem a~•d penonaliy coveied by th~s m~
ege, wi~h all p~emiu:ns thereon p~.d in fuil, f~re II~SUfOI~CC ~n ir.~~ ~•,,,3I sr,~ ~~rd po'.•cy torm, in e sum aFp~o~ed by the MiJR~vAi~LE, a~~d w~~~dsto
fnsurance in the usual s~andard po;•cy fo~~n, ~n a sum ay~no.ed LJ ihr A~ORTGAGEE, in such tanpany o~ co:npan:es as the A1021GAGEE m
duect; and all (ire .and w~nctsform inwran~e po:~c,es on any of sa~d b~nd:ngs, any inte~est therein or par~ ~hereof, in the agg~rgate sv~n atoresa~d ~
in ezcess thereof, ~ha!I :ontain the usual s+a~~dard mo:t9agee aausc or such orhe~ c~ause as the Mo~tgagee may requ~re, mak~ng the ioas under ae~J po
c~es, each and every, payab!e ro sa~d MORTGAGEE as ~rs imerest may a~iprar, and each and every such po:~cy shall be p~omptly ass yned and de:~vered i ~
eny held by sa~d MOR(GAGEE as funher sec~riey ~o said n;ortg~~e d~ut, a~.d, not less than ten ~10) days in ad~ance of the exp~renon of each po!~cy, to d~
I~ver to said MORTGAGEE a renewal thereof, toge~hrr with a rece~pt for th~• p~a~nwm of such renewal; and ~here sha~f br no f~re or wu~ds~o~+n ins~ranc ;
pl~ced on any of sa~d bu~ld~ngs, any interos~ ~herem o~ part N~e~~•of, un'~ss ~n the fonn and wnh the loss payable as afae3a~d; e~d in the e.ent any sun ~
of mo~ey becomef payable u~dt~ s~th policy w po~icias sa~d MORTGAGEE shall have ~he ophon to rrt~•~ve .,nd app!y the sa~ne on ac.ounl ol the indebtad
ness secured he~eby or ro permif sa~d MORTGAGORS to rece~ve and use i~ or any Fart rh-:eof 1or o~n~•r pur:_osrs, :.nho~t ~h>.. .v:~.~ ~7 c~ ~~+~p~~~
;ng any equ~ty, iieo or nght undrr w by vi+tue of ~his moctyagc; a~d in ~he event sa:d MORTGAGORS shal! {or any reason fail to krep the sa~d premiias so
~nsv~ed, or fail to deliver prompNy any of said po~~c~e; of insurance to sa:d MORTGAGEE, ot ia,! p:omptly to pay fu~ly any pre~~~~~~n thciefor o~ a~~y
reapect fail to perform, discliarge, eYec~re, effecl, con~pleta, conply a~~h and eb~de by ~h[s cove~ant, or any par~ hereof, s~id MGRTvAGEE may p,ace a~d
pay fw wch insurar.ce or any part thereof wnhout waiving or afiz:ting any op~~on, t~en, equ~ty, or r~~ht under o~ by virtue of th~s Atorfgage, and thc
f~11 amount of each and every s~ch paymem shall be ~mmed~ately due and payable and shall bra~ interest from the dete thercof un~il p~~d at tne rate oi
n~ne per tentum pe~ annu~n and to~rthe~ a~th s~ch intrrrst shai~ br s~cured by the I~en of this mortgage.
1. To permit, commit w su(fa no waste, impairment ur dcter~crat,on oi sa~d property or any pa~t thereof.
5. To pay all a~d singular the costs, charges and expenses, inc!udmg a reasonable attomey's fee and costs of abstracts of title, incurred or pa~d at
any time by said MORTGAGEE, because or in ihe event of ~he fj:~urr on the part of the said M~RTGAGOR to duly, p~ornptly and fu!fy perform, d~scharge.
axecute, effed, comptete, comply w~th ard ab:de by each and e~ery the st~u~~ar:ons, agrern~oNS, cond~t~ons, and covenants of sa~d p~o:n~ssory note ar,d ~h~s
,,ortgage any or e~~her, and sa:d costs, cha~ges and expenses, each and rvery, shail be immed~ately due and payab:e; whether or no~ fhere be not~ce dr
n,and, attempt to coiiect or suit pe+~d~ng; and the fu!! amount of each and every such paymeM shall bear interest from the date thzreof until paid al the
• rr o~ n~ne per centum per annu:n; and a1{ said cosis, ci~arges a,~d c,.:.e~:se: ~ncurred or pa~d, toya~her w~tfi such intereat, shall be sewred by the lien of th~i
mortgage.
6. That (a) in the event of any breacfi of this Mortgage or defaulr un the part of the MORTGAGOR, or tb) in the event any of sa:d sums of mo~ey
n>rein referred ro be not prompfly and fully paid wehin ~h:rty ~3Ji days nc.i a~rer the same se,rera'ly become due and payable, without demand or notice,
o~ (d in the event each and every ~he st~p~~aNons, agreemems, cor.d~:~ons and covenants o! ;a.d promissory note and th~s mortgage any o~ ei~her are not
iuly, prompNy and fu~ly performed, d.sthargrd, e~ec~ted, effec!ed. complered, compt~ed w~th and ab~ded Sy, then in e~ther w any such evem the sa~d ag
~regate sum mentioned in sa~d prom~ssory note than rema~ning ur.•;,a~d, wrth ~ntere,t ac.rued, and ail moneys secvred hereby, shal! become due and pay- ;
acle forthwith, o~ thereaftcr, at the option of sa~d MORTGAGEE, as fuily a~~d completely as ef all of Ihe said sums of money were w~gmally st~putated i
ro be pa:d on such day, anything in sa.d prom~ssery r.ote cr i: thls Mortga3e to the co.^.trary notwirhstanding; and ~hereupon or tnereafter a1 the option of
:a:d M.ORTGAGEE, witho~t not~ce or demand, wd at law or in equny, ~herefore o~ thereafter begun, may be prosecuted as if all moneys sec~red bereby ~
r„d maWted pnor ro ds instituuon.
7. That in the event that at the begirx~ing of or at any time pend~ng any suft u~n this Mortgage, or to fweclose it, or to reform it, or to enforce
~ayment af any daims here~nder, said MORTGAGEE shali apply to th~• Cacrt hav~r.g ~ur,sd:ction tF.ereof for the appo~ntmem of a Rece~ver, such Co~rt shaJ i
fo:thwith appoiM a receiver oi said mortgaged proprrty alt and sirgu:ar, inct~d.ng ail and s~ng~lar the ir.come, profits, iss~es and revenues from whatever t
scu:ce derived, eath and every of wh:ch, n beirtg express!y unde~s!c:.~d. ~s t-ereoy me.tgaged as if speufically set forth and describrd in the grant~ng and ~
n~bendum clauses hereof, and such Receiver sha!t have af1 the br,;ad a~,d ef2rcnve f~nct.ons and powers in anyw~se entrusted by a Court to a Recei~er, and «
s_;h appointment shall be made by such Court as an ad~n~rt~ ag~~ty a~~d a n:a~t:r of abselute r~gM to said MORTGAGEE, and v~ifhout refe~ence to the `
adequacy o? inadequacy of the value of the propeny mortgaged ar to rne savrncy or ~nso:v~ncy of sa~d MORIGAGOR or the defrndants, and ~h;t such {
re•,rs, profits, inco•ne, iuues and revenues sha~i be app~~ed oy wch Recc-~+er ac.oid:ng to the i~en or equity of said MORiGAGEE and the practice of such ~
Court.
8. To duly, promptly and ful!y perform, d~zcha.ge, execufe, efiect, compltte, comply with and abide by each and every the stipulations, agreements,
;or.ditions and covenants in sa~d promissory nore and th's morrgag~ sz•r torth.
9_ That in the eve~t the ownersh~p of the mortgaged premnes or any part thr.eof, becomes vested in a person other than the MORTGAGOR, the
:'.ORTGAGEE, its successoro and ass~gns, may, w~rhout nonce to ihe ~~~ORIG.~OR, deal w~th :uch successo~ o~ successor in interest w~th reference to th~s
n,ortgage and rhe debt hereby secured in the same manner as wrth ldortyagor wirh~ut in any way vitiating or d~scharging the Mortgagori liability here-
~^der or upon the debt hereby secured. No sa:e of tt:e F~em~ses herebr ~co~fgaged and no forbea~ance on the part of the IAORTGAGEE or its successon a
cr ass~gns and no eatension of the time for ~he payment ot the deb~ h~.e~•y eec~red g~ven by the MORiGAGEE or ~ts successws or ass;gns, ahall operate
ro re!ease, d~scharge, mod~fy change or affect the erig:nal i~a~:i:ty of the MORTGAGOR here~n, either in whole or in pait.
10. It is speuficaiiy agreed that time is of the essence of t}i~s cont:act and that no waiver of any ob!igat~on hereunder or of the obligation se-
cured hereby shall at any time rhereafter be he:d to be a wa~ver of the terms hereof w of the instrument secured he~by.
11. In add t[on to the furego n9 month'y pavrt'•rMS of prr.:c pa! and ~~v ~~est req~+red by the prom s~ry no'e secured hereby, moctgagor covenants
~ d agr`es to pay to mortgagee v.~th each monrh y paf~.~ent an adcl:~~~r~al w:n cst ated by mortgagee to be equal to 1, 12 of tne annual cost of the tollow-
•g:
~ A-All real property taxes levied or assess_d aga~•~st tfi~ abo:e descr~b^d real estate.
` 6--PrCn~~ums on fre and w~~edsto•m ~nsu:ar~e as ne:c~n requ.~ed to oe carr~ed en the '.mprovzme~ts s:rvate on tne sbove dtseribed premises_
€ C-Prereiums on such mortg;ge guarartty insura~:ce as m~rr~agee shjil fro:r t me to timc deem fit ro carry on the Ioan. ;satOred hereby.
5 Mortgagee shail from ti~ne tc time not+fy mcrtgagcr m v.rit~ng of the a~::ou~t d~e and pa•/ab:e hereundar and suth sun~'3Ratt~¢reupon be due and
t ;;wable on the due dare of !he ne,t n:onth:y payment and e~ch wccess~ve To~,~h the:eafrer vr.ril morrgagee sha!! notify' mortgagor o} a efiaw~e in such
a~unt. Such sums sha,l ~e applied by mortgagee ~oward the paym.ent of rrai prcperty taxes, insurante prem:ums; and mor?ga~e gJarapty insurance
~ .~•emiums.
d IN \YITNESS L'~HEREOF, the said MORTGAGQR has hereu~to set his ha~~d and scal the day and ar rst.a~6said. -
s igned, Sealed an delivered in the presence of: KE ~~,~a '~Y
~ By: ~ SeaO
~ - 221619 , _ «a~
~ t (Seal)
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~ f:LE~:: ~ ` E' =.DED
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~ s~ ROCER POITRAS ~
CIERK CIRCUIT COURT i
RE~CRfI V~rrr~E~~~~
~7ATE OF fLORIDA COUNTY OF ST. LUCIE
~ I HEREBY CERTIFY, That on this -_~S~_da of_____ January ~ 6 2~ aH ~ 72
~ Y , D 9 ,
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~ before me personally appeared Kellv Hall _ ~c }
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President ~ _~c_ _ ~ of
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~ _ Kelly Con~truction Compan~_ a__Florids __i___ Corporation, to me
_ known to be the person6~ described in and who executed the foregoing instrument, and OOOmdt~c.atkhQWlQd~ed the exe-
}~~5
curion thereof to be IR~7Kfree act and deed as such officerrfor the uses and pursoses therei~ m~r+ttOrSBdj..and~:that~~i
affixed thereto the official seal of said corporation, and the said instrument is the act and .Yie~ of said Qorporation.
WITNESS my hand and official seal at Fort Pierce ~ , said county anti state
~ This instrument prepa;red by . .
~ John W. Collirl5 . "y' ,
» First Federal Sav ~'1gs and Loan Notary Public, in and for State ~ont~r•~fp{~~aid.
~.ssociation of Fort Pierce, Florida MY Commission Expires:
raT~ar Pueuc~ StAT~d FIARIDA at U1RGE
MV COMMISSION a Bsnkus IMUratlce1G~
eaded B~? Nnedap
Checked BY ~
80Q}( ~~O ~ i
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