HomeMy WebLinkAbout0014 To p~~ce ~~d co~e.rnro~:s%r leep on +nc b.,, u.~.~ nor a he*~~!w YtuNf Ow N~ ~I~~ i~ on a!= eq..,~x++e~+ and pe~w~+a11Y co.e.ed M tA:~ rna
ap~, w.~A a!1 pre~+~.v~+n t?~c+eon F+d ~n I~:i, f.re .ns...MCe Me vs.,~i feanda~d po'tY fpeti m a s..~n k,yo.~d b~ rhe Nkllt,v:•viF. •~.~i w~:.i.i~
~nswr+c~ ~n tAt ~~.,+i v~d.~d pa.c~ fam. .n a w~n +F;+o.cd br the ~~tGAGEE. Y+ wcA ca*'pa~r «~o'*P+~+•es ~s r+~e M4QIGAGEE T
drea; r+d a1~ fa~ ard Mrdsw.rn .ro~~nce Po••c.es on a~+~ d w.d bw~d..~. «w inr~.~ rfwe.n a pa~f +he.eol, in ~1» +qq~~•~e w•+~ ~faesaid
in sacess N~ereol. st~+l1 con~..n rh~ vwa~ s~af+dxd mo.+pa~e c~ws~ a wd~ a1~ev c.wst as Nv 7Yro~rope~ ~y ~eQu.r~. m+?u+p ms .ws u~+ds~ sa.d po
ues. eacA and eYerr. Mrab:~ w ss~d lM~~'GAGEE as ,h ~nu.est reay appea~. a~d !Kti and trery po'~cy shail_b~ pranptiy auy~rd ~~+d dsl~ve~ed i
~n~ hcld b~ sa~d MORTGAGEE as fur+he. secw:rY ~o s~:d ~*~wq~e deb~. +nd, na 4ss ~1w~ ~a? (101 da~rs in ad.ance of ~he eapwanon of. e~ch pol~cy, to d.
~rva~ b ia.d N?ORiGAtaEE •~enewal thereof. wpe~i~ wi+h • rece:p~ fo~ the prs~uww of sutA renewal; u,d there shail be ro fre w w~~~ds~wm inwrant
Weoeo on arhr oi s.~.i :,.,::.:.•y.. :tK.~.: M r-: .rs z:.- ac..- r•! ~,••e ~ayaWe at afo.esa~d: a~d in the event anr s+,e
of money becomes par~b7e v++de~ wch pd~cy a pot.cies s+d MORTGAGEE shall Mv~ tM opnon w rece~ve :~d app~y ehe same on ~ccoum o( the indeb~ed
ness stcwed he.eby w q pnmi~ sa~d 1AORTGAGORS a ~ece:~e u+d vs~ A w any pan theeeof fw o:n:~. purF.71rS. ~•..thOvt ih-.~or wc~~„~ e~ ~~npo~r
~rg anY e~,~ry. 1~eo a..9M unde~ a by v~.~w of ~h:s ~*+e:~9+ge: and ~n tFr evem sa+d 1MORTGAGORS sfiall fw any ~eason (~il to keep ~he sa~d p~em~se~ se
~nswed, a fail b del,ve. pror~lY any of sad pol,c:es at ~roursnce a sa~d MORiGAGEE. or fa~! p:arnptlY ro P+y f~'~Y a^Y P~em~um ~herefa a in any
respcc* lail b pc+fwe~, dnchuge, e:ecu~~. effM. compkte. oomply wieh and ab~de by th~s covr++nt, or any par~ hrreo(, taid MORTGAGEE may plxe a:a
pay fa wch insw+nce o~ ~ny pan thereoi wohout wanirg or affectinp arryr option, lien, equ.ry. w ngh+ under a by virtue of fhis Mat9sye. and the
tu11 anww+t of each and e+rery such payment sh+Il be invnediately due and piyable ~nd sha11 bear imerest from the date thereof v~til paid at the rate ol
n~rx per cenrum per anrw~n and rogr~hrr w~rh such inicres~ shaii be secwed by tiw lien o( 1Fws mort9age-
1. To perenit, conrr~t or wffer no waste, impaKme*+1 p dcterioratwn of sa~d property or any p+rf i'nereof.
S. To pay all and s:ngular the costs, chupes and expr~ses, inciud~ng a~easonabk atta~ey i fee and costs of abstrads of tiNe, incvrred w paid at
any t'vne by sa~d N1pRTGAG'_E, because or in the e.ent of the iailwe on the put ot the said MURTGAGOR ro duly, promptly snd fully ~erfonn, dixharge.
rxecute, effM, comple~e, co*.~ply w~th and ab:de by exh and every rhe sY~pulafans, agrern?ents, cond~tioru, and covenants of said pre•missory note and ~hw
mortgage x~y or e~~her, and sa;d cosn, chuges and expenses. c+ch and every. shill be irnn+idiately due and payable: whether a not there be norice d~
s.~i „s ~.ti ~,,,1 .,,r.,, ..1~ rnem shalf beu interest from the date thereof until ed at the '
„w~.u, .::c:..p. w-aE:y; - - - - • S! - PaY P, .
raie o~ n:ne per crnsum PCf il111~i:71~ anc.' all sa~d cosrs, cha~ges ar+d ei,-~rnses ~ncwred or paid, together w~th uxh interest, shall bt secu~ed by the lieo of thi~
rt+ortgx~e. ~
b. That (a) in the evee+t of arty brcxh of this Mwtgage o? default on the part of rhe MORTGAGOR, w(b) in the eveM any of sa+d wms of nwney '
herei~ referred to be not promptly a~d fuSly paid within tFurty (30) days neat after the same seve~alty become due and payable, withovt demand w notice,
or (U in the evem each and every the stipu:ations, agreerrKnts, conditioen and corenants cf sa:d promiuory rate and th~s mortgage any w eithe~ +re nd
iuly, promptly u~! fulfy performed, dschargrd, e:ecuted, effMed, compkted, complied with a~d ab~ded Sy, then in e~ther a any such eveM the said ag
g~egste w~n menrioned ~n sa~d prom;ssory nore then remainirg unpa~d, with intnest xa~,ed, and atl moneys secured hereby, sha11 become due and pay-
abte fwthw~th, a rher~afiPr, at fhe opr~on of u;d MORTGAGEE, u fully ard comptercly as ii all of the sa~d wms of n+oney were aiginally st~pviated
to be pa~d on wch day. anyth~ng ~n sa:d prom:ssory rwte a in inis 14twigaye tu tiie c~titrary zai~r,ithsta.~'s:.g; a-s3 tlserr.:~v±: ss 4!s=":'h« a+ ....~:er. a~f
sa;d JNORTGAGEE, w~fhout no+Ke o~ demard, w~t at law « in equlty, therefwe or thereaher begu~, may be prosecuted as if a!1 moneys secured he~eby
nad matured prar to ~ts ~nstirut~on_ .
7. That in the event that at the beg~nn~*g of w ~t any t~me pend'ng ~ny w~t upon this Mortgage, or to foreclox it, or to ~eform It~ p t0 MIOICQ
payrrient of any daims hc.evnder, sa~d MORTGAGEE sha:l apply to the Cour~ having ju.~sd+ct~on thereof for the appo~ntmenl of s Receiver, s~ch Court sfiall
Fc:thwith appoant a?eceiver of said mortgaged poperty aN and singulu, includ:ng all arsd si~~lar the inceme, profits, issues ind revenues from whatever
w~,=ce derived, each and every of wh:ch, it be:ng expreasty undersrood, a hereby mor~gaged as ~f speufically set totth and described in the g~a~ting and
habend~Kn clauses F+ereof, and such Receiver shall have all the b~oad and effect~ve funcs.ons and powen in anyw~se e.+uusted by s Cou~t w a Receiver, and
s..ch nppa~tmem shalt be made by wch Gowt as sn admitted equity and a matter of absolute right to sa~d MORiGAGEE, and without refe?ence to 1F+e
adequacy a inadequacy of rhe va:ue of rhe prope~ty mortgaged or to the soivency w:nso~vency of sa~d MORTGAGOR or the defendann, and that wch
re~+s, profi~s, iMO~M• ~ssues and revenues shafl be appi~ed by wch Reaivet accord~ng to the lien w equity of said MORTGAGEE and ~he practice of such
GouA.
6. To duly, prompt:y and fu:ly perform, dscharge, execute, efiect, complcte, comply with and abide by each and every the stipulations, sgreements,
conditions and covenanu ~n sa~d promissory note and tha mortgage set forth.
9_ That in the event ~he ownersh;p of tl+e mortgaged prem~ses, a any part thereof, becomes vested ie a person other than the MORTGAGOR, the ~
h',ORTGAGfE, its svcceuws and ass;gns, may, without notice to the MORTGAOR, deat with such successor w successor in interest with reference to this
rra-tgage aad the deb~ hereby secured m the sarne maro~er as with Mwtgagw without in any way vitiafing or d~xharging the Mortgagori liability here
ur.der or upon the debs hereby sec~red. No sa:e of the Frem~ses hereby mortgaged and no fwbean~e on the part of tF~e MORTGAGEE p ih successoa
cr auegns and no eatens~on of the time fw the payment of the debt hereby secured 9iven by the MORTGAGEE or its succeuws or assigns, shall opaate
to re~eme, d~scharge, ~nodify c}unge a affect the ag~nal liab~l~ry of the MORTGAGOR herein, either in wFale w in part. !
10. It is speuf:cally agreed that t~me is of the esscnce of this cpuract and that no waiver of any ob~yation hereunder w of the oblgation sr ' ~
cvred hereby shal~ at any time tFureaffer be he:d to be s waiver of fhe terms hereof a of the inurument secured herby.
11. In add rio~ !o the forego ng month±y paym~nts of pri:~t'pal ard inrerest required by the prom:sscry no!e secured hereby, rtwrfgagor covenants
>~d agr~es to ~ay to mo-tgagee v.~rh each mcnrh~y pair.~ent an add,~ional sum est~mared by mortgagee to be equal to 1; 12 of the annual cost oi the follow-
'
A-Alt real property taxzs lei~~ a assess=d against the above desc.iF.,ed real estate_ -
B-Prrm~ums on fire and windstam inwrarce as nere~n renu:red to be carried on the improveme.~h situate on the above described premises.
C-Premiums m such mortgage guaranty ir.wrar,ce as mortgagee shall frcn: t:me ta time deem fit to carry on the loan secured hereby.
, JNo.tgagee shail from t~~*+e ro t~aie nor~fy mwtyagor ~n w.]t~rg of the arnount due and payable hereunder and such su~ -"4j~~ps?eupon be due and
' ca~able on the d~e dare of ihe rvxt month!y payment and each successive ma~th thereaher ur.til mortgagee shall notifY 9agbe;~~~rge in such
~ a~- ~nt_ Such sums sha;i be a~p::ed by mortgag_e toward the payment of real property taxes, inwrance prem:ums, it~Ottg~ eJ inswance
i ;'s' .
o•em~ums. ~ • =
` WITNESS ~lHER~OF, ti~e said MORTGAGG2 has hereunto set his hand and seal tFx day and ear tir afor . ~
f s~~a ~na d~~- r~ a~ or: Q~i C Y
d. * ~ s~
~ s. _ BY: 1 n.~~ ~
~ - ,Q ~
tnes ''~•t7 3 ; ~
~ ~ '
Eec»~-eF t f~tfn wt:cv~oEo
- - - - - - - - - ~ ROOER POtTR~=
CIERt CIRCUfT COrRT ~
BRECORO YERIFfEO.,`,.~
STATE OF FLORIDA ~ COUNTY OF ST. LUCIE f iS
i HEREBY CERTIFY, That on this day of Ar~ril AI~ 19_Z~,
before me personally appeared ICell~ Hall
~ re~~et+iv~eir ag President ewd ~eerrlerr , of
y _ Kelly Coastruction Ce~aanv a Florida Corporation, to me
g
~ known to be the persons dexribed in and who executed the foregoing instrument, and severally acknowledged the exe- j
~ cution ihereof to be their free ad and deed as such officers for the uses and pursoses therein mentioned; and that they
affixed thereto the official seal of said corporation, and the said instrurr~nt is the act,and•deed of said corporation.
WITNESS m hand and official seal at Fon Pierce S! • L~ , said ;.ou,,~ `dr~ te.'7
- 2his iastr~ent pzepar~d by Je~hn w. Collins - ''d"
;
First Fedezal Savings and Loan Associatio ~
Fort Pierce Flot ~da? Notary Public, in an~~ Sta~ ~d Coun~ oresaid. '
~ My Commission Expi ~t ~ ~ ~ ' d ~pp~~~ t
1'j~'•9aMk~~~ R~ ~PT. 25. 1915 ~
r~ By • B~alars lasuraaor Ca ,
. ~
~...Jo3~;.~~ ~
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_ , ~ ~ aooK 201. ~ ~4 ~ ~ ,p
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