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Home My WebLink About0487 3. To place and co~~inuously 4ecp on ~he bui:d~ngs ~ow or hereafte~ situate on sa~d land and on ail equip~nent and penona~ly covered by ~his mor egs, w~th all prcmfumi therco~ pa~d in fu11, f~.e iniwance ~n the ~swl s~andard po~~cy form, in a svm appro~rd by the MOR(GAGEE, and w~ndsto lns~ranc~ in ths usual srandard po~~cy form, in a sum approved by ~he MORTGAGEE, in such company or compan~es as ihe lAOR1GAGEE m ~ d~reu; u+d zll iire and w~nJsto~m insurance poGcres on any of sa~d buildmgs. +~y iMeres~ the~ein or part ~hercol, in ttie agg.rgaro svm aforesa~d ~ in eaceu thereof, shall contain the usual standard mo~t9agee clause w such other c~ause as ~he Mortgagee may requ~~e, makiny ~hr Ioss undrr ~a~d po cies, each and every, payabte to said MORTGAGEE as ~b in~eres~ may ap{xar, and each and every iuch pot~cy shall be F~wnpt~Y aas gned and de:~~ered ~ eny held by said MORiGAGEE as further seturity Io said n,ortpage debt, and, oot less tha~ ten (10) days in advance oi ~he expi~ation of eac~ po!~cy. ~o d~ Iive? to said MORTGAGEE a renewal tharcof, togNher with a rece~pt for the premium of such re~ewal; and ~he~e ahall be no fi~e or winduo~m insuranc i placed on any of said bui!d~ngs, any interest therei~ or part thereof, unless in ~he form and w~~h the losi payable as aForesaid; and in the eYent any sun f of money beca~+es payable under such poliq w poGcies said MORTGAGEE shall have the op~~an ~o receive and app~y the same on account of the indab~ed ~ ness secured haeby w ro pe~mit said MORTGAGORS to receive snd use it w any pa~t fhe~eof tor other purposes, .•.~~ho~t ~h_•~o~ .vaw~+~ o~ ~~~~p~~~ ~ ing any puity, lie~ u right under a by vir~ue oi this ma:gage; and in Ihe event sa~d MORTGAGORS shall fa any reason fail to keep ~he sa~d prem~srs so ~nsured, w fail to deliver promptly any of said pol~cies oi insurance to sa~d MORTGAGEE, o? fail prompfly ~o pay fully a~y pre~n~u:n the.etc,r o~ in a~y ~ respect fail lo per(orm, discharge, e:ecute, effed, complete, comply with and abide by this cove~ant, w any part hrraof, said MGRiGAGEE may place a:~d pay for suth irourance or any part thereof without waiving w affedin~ a~y op~ion, lien, equ~ty, or right under or by wrtue oi this Mort9age, and the full amount of each and eve~y tuch payment shall be immediately due and payable and shall bea~ interest from tha date thereof until pa~d at ihe rate oi n~ne per cenwm pe~ annum and to~eiher with such iroerest sha~l be secured by the tien of this mortgage. 1. To permit, tommit ot suffe~ no waate, impairment ot de?er'wration of said property or any part thereof. 5. To pay all and singul~r the costs, charges and expenies, including a reasonable anw~ey's fee and costs of abstracts of t~t~e, incurred or paid a~ any time by uid MORTGAGfE, because or in the event of the failure on the part oi the said MORTGAGOR to duly, promptiy snd fully perform, d~xharge. execute, effed, comptete, comply w~1h and a~~de by each and every the stipulat+ons, agreements, conditiont, and covenants of said pro~nissory note and ~h~s mor~gage any or Nther, and sa~d costs, charges and expenses, each and every, sMll be immediately due and payable; whe~he~ a not there be ~or~ce dr mand, attempt to collect or auit pend~ng; and the full amount of each and every iuch payment shall bear i~seres~ trom the da~e thereof until paid a1 the r.»e of nine per ce~tum per annurn; and all said cost~, charges and eapenses incurred or pald, together wdh suth intere~t, ~hall be secured by the lien of thi~ mdtpsge. 6. Tl+at (a) in the event of any breach of this Mortgag~ w default on the part of the MORTGAGOR, or (b) in the event any of sa+d sums of money herein ?eferred to be not promptly and fuity paid w~fhin thirty (30) days nexf a4~~r the sa~ne severaSty become due and payable, wi~hout demand w no~~ce, or (c) in tfie event each and every the s?Ipulations, ag~eements, cond~tions snd covenants of sa:d promissory ~ote and th~s matgage sr?y w e~ther are nol iuty, promptly and fully perfwmed, d~scharged, executed, effected, completed, complied wlth and ab~ded by, then in e+~he~ w any such event the said ag gregate sum mentioned in said promiuwy note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall become' due and pay- able forthwith, o~ thereafter, at the option of said MORTGAGEE, as fully and comp~etely as il all of the said sums of money were o~~g~~slly st~puiated to be pa:d on such day, anything in sa~d prom~sswy note w in this Mwtgage to the conrrary notwithstanding; and therevpon w lhereai~er at the opt~on of sa~d MORTGAGEE, without notKe w demand, suit at law or in equity, therefore w thcreafter begun, may be prosecuted as if all moneys secured hereby nad matured pnw to its institvtion_ ' ' - ' • • _ , 7. That in the event Ihat at the beginning of w at any tirt+e pending any suit upon this Mortgagi,4~`.•~D f0?e~~ose if, or to refwm if, o~ fb enforte payment of any daims he?eunder, said MORTGAGEE ahail apply to the Cou~~ having jurisdittion thereoE'tqr,tM apjwimm~enJ of i Recelver, such 6ourt shall Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singu~ar thr in prDfits, issves snd revtnu~ from .whatertr so~~ce de?ived, each and every of whKh, it be~rg expressly ~nderstood, is hereby mor~gaged as if speuficall -set fwth and dewibed in the g?an~i~g and h36endum clauses hereof, and such Receiver shall have all the broad and effective funct~o~s and powers in anyw~se entrusted by s Court to a Rc~iver, and s~~h appointment sha~l be made by such Court as an admitted eqv~ty and a matter of absolute r~ght to said MORTGAGEE, and w~thout reference to the edequacy w inadequacy of the value of the property mortgaged or to the so~ve~+cy o~ insotvency oi said MORTGAGOR a the defenda~t:, and that such renrs, profin, incam, issues and revenue~ shall be applied by such Rcceiver according to the lien or equity of said MORTGAGEE and the practice of such Courf: 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, ag?eements, conditions and covenants ~n sa~d promisswy note and this mwtgage set faih. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h',ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeuw or successor in interest wi~h reference to this mortgage and the debl hereby setured in the same manner as with Mortgagor without in sny way vitiating or d~xharging the Mongagors' liability herr under or upon the debt hereby secured. No sate of the prernises hereby mortgaged ar.d no forbearance on the part of the MORTGAGEE or its suctessors or ass~gns and no extension of the time for tfie payment of the debt hereby secured given by the MORTGAGEE or its successors w au~gns, ahall operate ~o release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whoie a in part. 10. It is specifically agreed that time is of fhe 'essence of this contract and that no waiver of any obligation hereunder or of the obligar'a~ se- cured Fureby shalt at any time thereafter be heSd to be a waiver of the terms hereof or of the instrument secured herby. l l. In add~tion to the fotego'ng month!y paymems of princ'pat snd interest requ~red by the prorntssory note secured hereby, mortgagar tovertants ar.d agrees to pay to mortgagee with each mon~hly payrnent an addnional sum est~mated by mortgagee to be equal to 1/ 12 of the a~nual cost of the follow- i ng: F A-AU real property taxes lev~ed or assessed agai~st th~ above deu~~bed ~cal estate_ f ~ 8-Premiums on fire and windstorm insurar.te as here~n requ~red fo be car~ied on the improveme~ri situate o~ the abOv~ y E C-Premiums on such mwtgage guaranty irsurar,ce as mortgagee shall from t;me to time deem (it to carry on the~ loit?;ietLret~~I1M~•' ' Mortgagee shall from time to time notify mortgegor in writing of the amount due and payable hereunder and wch srtn sFraU;.tl~rp6n be dua:ind ~ayable on the due oate of ~he next month!y payment and each successive momh thereafter ur.tit mortgagee shall notiLy.hw~[t9i~i~-of s change Fnfwch ~ amount. Such sums shall be applied by mortgagee toward the paymtM of rea{ prope~~y taxes, insurante p~em:um~, ~ 4~ollgsQ~ Rtlaqnl~/ _in~0(ance ° p!emiumt. - r_; G; ~ r ; : 1 ~ ' IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sea~ the day snd r t af • ",i._' ' ' ' ned~ Sealed and iv red in the presence of: N ~ FItEO aF~O RECOROED gy: ; ST. LUC?E COUNTY FLA. ¢ RaCiR ?OITAAS 11 1 ~ (Seaq CLERX L==:~UIT COURT ~ ~ ?FCORR Vrc~r~ED , r (Seaq ~ , - _ - - ~ ~ ~ 1~ ~i'~ - - - - - - - - . ~ STATE OF FLORIDA COUNTY OF ST. LUCIE 2~915 ~ 72 ~ 1 HEREBY CERTIFY, That on this day of ~ch , A.D. 19 , ~ before me personally appeared Kelly Hall ~ respectively as President sa~ ~~g ~ ~f s Kelly Construction Company , a Florida Corporation, to me ~ ~ known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- :4 cution thereof to be their free ad and deed as such officers for the uses and pur~ses therein mentionee~t ~and tt?at they affixed thereto the official seal of said corporation, and the said instrument is the act ancF deed~Af ~.said torporation. ~ 's WtTNESS my hand and official seal at Fort Pierce ~ , said county nd state~~ , , This instrument prepared by ~ ~ • ~'1`, ~ ; John W. Collins Notary Public, in and for State aniY~o~ ~ a'foreseid. First Federal Savings and Loan ' As soc i at ion of Foz t Pierce Flor i da My Commission Expires: NOtARr Puet~ ST~1~f f1pR~pA n UaCE i ~ MY COMAII~K ~~p~S SEPT. 25. 1915 i 8onded ~p Aowftao B~nlar~ It~sunnte .s. :s - Checked By 64GK ~VD PACE 487 - ~ ; _ ~ _ - _ ~ _ - _ ~ ~ ~ _ f ~ T ~ - - . . : ~ _