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Io place and cont~n~ously keep on the bu~'d~ngs now or he~eafter ~~tuafe on sa~d land and on aII equ~p~nero and personally cove~ed by this mor e9e, w~th all pren.~vms ihrreon pa•d ~n iull, t~re ins,,rance in the uwal sra~~dard. poGcy form, in a sum a4proved b~ th~ MOR~GAGEE, and windsto ~r,suranca in tha ~suat standa~d po6cy torm, in a su+n approved by the A~ORTGAGEE, in such company or tom~~a~ties as the h10RTGAGEE m d:rett; and all iiie and w;r.dstorm inswan~e poiit~es on any ot said bu~ld~ngs, any inlerei~ therein or pa~t th~reof, in the agqrega~e s~m alo~eaa~d in excess thereof, shall :antaln the usua~ standard mo~tc~agee dause or such other ctause as the Mortgagee may requ~re, making tna ioss undr~ sa~d po c~es, each and every, payob'e to sa:d ~tiORiGAGEE as ~ts ~n~erest may appear, and each and every such po:rcy sha11 be promptly ass gned and de~~vared ~ any held by sa~d b10RfGAGEE as funhe~ srcur~ty ~o said mongage d~bt, and, not less than ~en (101 days in advance of tha exphotion of each pof~q, ~o d~ ~~ver to sa~d MQR1GsiGiE a renewal thereof, to9e~her wuh a receipt for the premium o( such renewal; and there shait be no f~re or windsto~m ir.wranc p!aced on any oF sa~d b~ild+ngs, any interest there;n or part thereof, unless in the form and with the loss payable as aforesaid; a~d in the evenl any sun of money becomes payable ~ndrr such policy or pot~cic.s said A~02TGAGEE shall have the opt~on to receive ~nd apply Ihe same on account of the indabted ness secured Aereby or ro permit sa:d MORTGAGORS to receive and use it w any part thereof toi o:n•_~ Hur~.os~•s. .v~~i,cut thr~~ u~ ~Y<.i.~ y or m~p.:,r ~~g any eq~~ty, Gen w r~ght undzr or by virtue oi ihis mo:tgage; a~d in the evero sa~d MORTGAGORS shatl dor any rcason fall to kecp ~he sa~d prem~srs so insured, or fad to det+ver prJenptly dny of said po6eies o1 insurante 10 Said MORTGRC~E, or I~i! promplly to pay fulty any pre~n~~~n Iherzfor o~ in dny respccl fail to perform, dischage, e:ec~tr, effetl, compteta, to:nply with and abide by this covenaN, or any par~ hareof, said MORTGAGEE may piace and p~y for such insur„nce or any part thareof withaut waiviitig or afFectinq any o~tion, lien, equ~ty, or ~ight under or by virtue oS this Mortgage, aed the ~ t„~I amo~n~ of each and eyery s~ch paymem shall be ~mmediately due and payable and shall bear interES~ from tha date thereof until pa~d at the rate ol n~~~e per cenrum p~r ann~m ,,~id ro~_~~h~~r v~ith such interest shaii be secured by !he lien of ?his mortgage. ) 4. To permit, commit or suffer ~o waste, impairment w deterioration of said prope~ty oa any part thereof. 5. To pay alI and singutar the costs, charges and expensea, including a reasonable auo~ney's fee and costs of abst~acls of title, incurred o? paid at ,•,y ti~~:e by SJ~d MORIGAG:E, because o~ in the event of the fa~lu~e on the part of ihe said MORTGAGOR to duly, promp~ly and fuliy perform, d~scharge. ~*ccute, effect, tomp:ete, comply w~th and ab;dr by each and every the stipulanons, agreements, cond~i~ons, and covenanls o; said promissory note and this ,:o~rgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immediately due and payabte; whether w no1 ~hero be notice de ,.;nd, atte~npt to co:lect or suif pend~ng; and the ful! a~nount of each and every such paymero shall bea~ interest irom the date rhereof untel paid at the o+ r,~:,e pcr cenr~•n F,er a~,~w:n; and ati sa~d cosra, tharges and rwpanses incurred or paid, ~ogeiher w~th such interest, shall be secured by ~he lien of th~s mo; igage. 6. Thai (a) in thr event of any breach of ;his Mortgage or default o~ 1Fr part of the MORTGAGOR, or (b) in the event any oi sa;d sums of money h:~rein re'erred to t;e ~:ot promptiy and fuNy paid .virhin rh~rty (301 days neAt atrer ?he same seve~auy become due and payab!e, without demand or notice, ic? in thr event each and every the st~puiations, agreemems, con~~;;ons and covenams of sa,d prom~swry note and th~s mor~gage any w either are not iuly, oromptly and fu!ly perfosmed, d:scharged, executrd, effecred, completed, compiied with and a6~ded 5y, then in e~ther or any such event the said ag 3'~'?ate svm mentioned 'm sa~d promissory note then remaining unpaid, with interest atcrued, a~d at~ moneys secured hereby, sha~l betome due and pay- ao _ for~hw~rh, or ti~erraftar, at the opt~on of sa~d MORTGAGEE, as fully and completety as ii all of ~ha said sums of money were or~gina~ly st~pu:ated r~ be pa:d on wch dey, anything in sa d prom~ssory note o~ in this Morigage fo th•_ contrary no!wiihsiandi»g; and thereupon or thereafter at the opt~on of s, d l.10RTGAGEE, wrthovt nos~ce o{ demand, suit at law or in equity, therefore or thereaf~er begun, may be prosecuted as if all moneys secured hereby r._d m;t~red pr~or to ~ts inst~tutlon_ 7. 1ha~ in the event that at the beg~nning of or at any time pertding any sui? upon this Mortgage, or to foreclose it, w to reform it, or to enforce ~:~ymenf of any clai~ns hereund<r, said MORTGAGEE shall app~y to the Court having jurisd~ction thereof~for the apaointment of a Receiver, such Court shafl +c:thwirh appoiN a rece~ver of said mortgaged property all and singular, intlud~ng a(i and singuiar the income, prof~ts, issves and tevenues lrom whatever •.rce dari~ed, each and every of wh:ch, it being expressly unders~ood, is hereby mortgaged as if spec~iicaily set fwth and described in the gran~ing and ~~::endum davses hereof, and such Receiver shatl have a? the broad and effxtive fwxt,ons and powers in anyw~se emrusted by a Court to a Receiver, and s ch appointm~•nt shai{ be made by such Court as an admitted equ"~ty and a matte? of absolute cight to said MORiGAGEE, and withcut reference ?o lhe ~9;qu;cy w i~adeq~acy of the value of tF.e properry mortgaged or to the so,vency or ~nsoivency o1 said MpRIGAGOR or the defendams, and that wch ~,!s, prof~ts, incorne, issues and revenues shail be appiied by such Receiver according to ~he fien or equity oi said MORTGAGEE and the praUice ol such Court. 8. To du'y, prompt!y and ful~y perform, discharge, execute, effect, compiete, compiy with and abide by each and every the stipulations, agreements, _;nd~r.ons and covenanrs ~n said promissory ~ote and th:s mortgage set forth. 9. ihat in the event the ownersh~p of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the ,RTGAGEE, ifs s~ccessors a::d assigns, may, wiihout no~ice to the MORTGAOR, deal with such successor or successor in interest with reference to this o•rgaye ard the d_bt hereby secured in the same manner as w~fh Mo.tgagor w~thout in any way vitlating or d~scharg~ng the /~Aortgagors' iiability here- d_r or upon the f~~Di II~IZU'/ secur~d. No sale of the prem;ses he~eby mortgaged aed no forbearance on the part of the tAORiGAGEE or its successors asslgns and no extens:on of the time for the payment of the debt hereby sec~red given by the M~RTGAGfE or its successors or ass~gns, a~iall operate c re!ease, d~scharge, medify change or affeu the origmai Gau:iny of the MORTGAGOR herein, either in whole o~ in pa~t. 10. It is spec~ficatly agreed lhat time is of the essence of this contract and that no waiver oi any obl~gateon hereunder w of the obligalion se- cvred hereby sF.a!t at any ti~ne shereafter be he!d to be a waiver of the terms hereof w of the instrument secured herby. 11. In ~~d t:o:~ ro ti:e foreac ~~g r~onth!y paym=ms of princ pal and interest requ~red by the prom'sscry no!e secured hereb~, mortgagor eovenants ~ d ag~ees ro ;,ay to r,ortyagee r.~th eacn ~:~oNh;y payn~ent an odd~~]onat sum esnm.ated by mortgagee fo be equal fo l, 12 of the annual cost of the follow- A-Alt rea~ ~;rope.ty taxas Icv~_d or assessed agai•~st the above described real estate. E Pr_•:. ~,s on f~r~ and vfh~dzto•m ~nsura~ce as nere~n req~~red to be carried en the Emprovemerns s~tuate on the above d=scribed premises. C--Pr::r~~~u:~ s o~i >uch n:ortq :oe guaranty icsurar:ce as mortgagee shaii Iro~r. t me ro tirne deem fit to carry on the loan secured he~eby_ r'ortgagee ;jo','I ':o~,~ n;r:e to ri:ne no!ify mortyager ~n w.innq of the a~rou~t due and payable hereundrr and such surn shall tfye~y~N~r~~c~iig,and ,n~~:e on th~ d~:- cia!e oi ~he next momh'~r payment and each successive month thereafter ur,tiS mcrtgagee shall not;fy mortgagor d~a•tF+Mg ~ut-wch ;r.t. Such su•r.s s~a.V be a~.~.ird by mortgagae toward the payment of rea! p~operty taxes, insurance prem;ums, aud mortgage'~u~yy~y.~urapce . . ,;:iums. ~ • ~ 1`J :1IiP~E~S ':.H:R~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. • ~ Signed, Se d and ered j~ the presence or: KE NSTR 1~ ~~~C ' _ . _ F~~_r...~~• . . _ - ~ - _ ST. ~~~C, _ . . ~ Y7Y F~ A - ~ - I~-- ------°-~s.~l' k ~ - - ` ~ ~ ' ' .a' . ~~.~-~..Q. ~ c _ ' ' S - r_ -;f. .l•~. ,,:ii;RT ~ (Scal) - - ~.y--.fS°a~~ ; . +~p -d - - - - - ~ ~ `lC I ~ ~ ~ ~ ~ ~3'7688 ; ' STATE OF FLORIDA COUNTY OF ST. LUCIE ~ E I HEREBY CERTtFY, That on this _~da of,_ September ` F Y ,A.D. 19 72 , i before me personally appeared Ke 11y Ha 11 ; # ! respectively ` as President ~ _~ereteq ~ , of ' ~ Kell~~onstruction Comoanv ' , a _ F lor i cla Corporation, to me • : known to be the persons described in and who executed the foregoing instrument and severally aclcnowledged the exe- _ f cution thereof to be their free act and deed as such officers for the uses and purpo'seg~ therein mentioned; and that they ; affixed thereto the official seal of said co~poration, and the said instcument~is i'E+g~•`ect. and deed of said corporation. ` WtTNESS my hand and official sea! at Fort Pierce sai~ evunf~ and state. ` ~ , ~ ; This instrument prepared by ~ Gary F. Ellwood ~ ~ ~ s First Federal Savings and Loan Notary Pub}ic, ir~ ~dhor.$tate and Coun ` foresaid. : ~ssociation of Fort Pierce, Florida MY ~~?'~~~~n.Expire$;, ~ ~J - ~S ~ Checked By i t i aooK 206 P~~E 611 ~ : ~ a- ~ ~ a_ _ , _ - ~ ~ _