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Home My WebLink About2857 3. To p'ace and continuously keep on the bu~'J~~gs now or hereafter a~tuate on sa~d land and on ali cqu~p~nent and personatly covered by th~s mw ega, with aU pr~nuumS thereon pa:d i~ full, fhe insurante in the usual standard po~~ty fOrm, in a wm aHNiored by th~ 1~10Ri'"vAGEE, a~~d windstp ~nsurence in tha usual st~ndard po' cy fwm, in a sum appro~ed by tFe MORiGAGEE, in such company or (omparties as the MORTGAGEE m d~rect; and all iire ar,d w~nds~orm insurance poGcies on any of sa~d buildmgs, sny interest therein or parl thrreof, in Ihe aggregate s~m afo~esald in excess thereo(, shal{ :om~in the uwal s~a~:dard mortga9ee clause or auch o~her clause as the Mortyagee may req~.~e, making Ihr Ioss u~drr s.~~d po cies, each and every, payab!e to said AtORTGAGEE as its in~e~est may sppear, and eath and every suth po'rcy shall be promptly ass gnrd a~~d de:~verrd ~ an~ hald !~y sa~d 1.10R(GAGEE as funher s_.urity to said mortgage debt, and, not less thao ten (10) days in ad~dnce of ti~e exp~~otion of each po!ky, to d~ I,ver to sa~d MORTGAGEE a~enevral the~eof, toge~her w+~h a receipt for the premium of such renewal; and there sha~l bz no Lre or windsto~m insuraru p~3ced on any oi sa~d b~itd~ngs, any inecrest thcre~n or part the~eof, un!ess in ~he form and with the loss payable as afo~esa~d; and in the event any sun of money becomes payable ~ndet such policy or poLues said MORTGAGEE ahalt have the opGon to rec•_~ve ~nd app!y t~~z same on account oi the indrbt~d nrss sccured harcby or ro pcrmit Said 1J10RTGAGORS to receive and use it or any pa~t the:cof for ~:i~c•r puri•os~s, ~.lc~~~t th:nur w..~v~+] or ~~~:p„~~ ~ng any eq~~ry, I~en or right unde~ or by vmue of this n~o:rgage; and in the event sa;d MORTGAGORS shafl :or any reason fai! ro keep the sa~d premnes so ~nsw_d, or fail to de!iver pro~nptly any of said poGcies oi insuran~e to said MORIGAGEE, or foi! p:omptly to pay ful:y any pre~ni,;~n thcrefor or in a~y iespeU fail to pe~(orm, d~scharge, execute, ef(ed, completr, comply witA and ~bide by this cove+~.~~zt, or any pan hr~eof, said MGRTGaGEE may piace a~~o pay for wch insur.,nce o~ any part thereof wnhout waiving or aifecting any option, lien, equ~!y, or right under w by virtue oF th~s Mortgage, and thc i~ll a~nount o( each and e.ery s~ch paymrnt shall be immed+ately dve and payable and shall bear interest from Iha dare thercof untii paid at the rate o1 ~~~~~e per cenn•n per annum anJ togrthcr ~ith such intrrest shaii be sacured by the lien of this mortgage. 4. To permit, commit ot suffer no waste, impairment or dete~ioration of said p~operty or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable atto~ney's fee and costs of abstracts of title, incuned or paid at a~y tln•e by s~~d MORiGAG:E, beca~se w in the event of the fa~ture o~ the parl of the said MORTGAGOR to d~~y, promptly and (u~ly perlorm, d~scharge. ~Rrcure, etieU, co~nplere, comp!y w~th and ab:dr by each and every the slipuiat~ons, agree~nems, condit~ons, and covenanrs of sa~d promissory note a~~d ~h~s norrgage any or e~rher, and sa d cosrs, chaiges and eapenses, each and every, shall be immediate}y dve and payahle; whether or not ~here be nor~ce d~ mand, attempt to co.tect or sult pending; and ihe full a~nount of each and every such payment shall bear inrerest irom the date thereof until paid at the -.•re o~ n~ne uer crnf~~n N~~ annu~, .:nL all sa~d costs, charges ar.d expeuses incurred w paid, together wuh such mterest, shall be secured by the I~en of th~s m~lgage. 6. That (a) in the event of any breach of this Mortgage or default on tFw part of the ti10RTGAGOR, w;b) in the event any of sa:d sums of money t,ere~n refer~ed to be no1 prompt,y and fuliy paid with~n th~rty 130) days next aiter the same severa:ly beco~+~e due and payable, without demand or notice, or ;c) in tha evero each ar.d every the stip~tations, agreements, cond~tions and cove~ants of sa.d promissory note and th.s mortgage any or either are nol ~~~y, promp~ly and fv~!y performrd, d schargvd, execo~cd, effected, comp:eted, compf~ed with and a5ided Sy, then in e~ther or any such eveN Ihe sa~d ag :,-cgate sum menrioned in sa~d promissory nofe then remaining ~npaid, with interest accrued, and at+ nwneys secured hereby, shafl become d~e and pay ao _ fonhw~th, or thereaft~r, at ihe op!~on o+ said A10RTGAGEE, as fully and comple~ely as if aN of thz sald wms of money were or~ginally st~pu~ated fe be pa;d on wch dcy, anything in sa:d prom~ssory note or in this Mongage to the contra.y no~w~thstand~ng; ar.d thereupon or thereafter at the opt~on of s• s h10RTGAGEE, w~rhout not~ce or demand, svit at law w in eqwty, therefore a therea4ter begvn, may be prosecuted as if alt moneys sxured hereby c:d mat~red pr~or to ,ts instit~t~on. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to retorm it, or tQ enforce ; a{ment of any ciai,ns hereunder, said tdORTGAGEE shal! apply to the tou~~ having ~urisd,ctkon thereof for the a~~po~nimeM of a Receiver, such Court shail rc:rnwith appofnt a rece~ver o` said morrgaged property all and singular, includ~ng all and singular ihe ir.came, profits, issuea and revenves from whatever s, ,rce deri•~ed, ezch and e~ery of wh~ch, it being expressly understood, is F.ereby mortgaged as if spec~fically set forth and described in ?he graming and ,I,endum ciauses hereof, and such Receiver shall have atl the broad and effective funct~cns and powers in anywise entr~sted by a Court to a Recei~er, and s;h appointment shal~ be made by svch Couit as an admitted equity and a matter of absolute right to sa+d MORIGAGEE, and withoot reference to the au;cy w inadequacy of the vat~e of the property mongaged or fo the so~venq or ~nsotvency o( said MORiGAGOR or the defendams, and ihat such ~~s, profits, incane, issves and reven~es shall be appiied by such Receiver accordu~g to the lien or equity of said 1V10RTGAGEE and the practke of such Court. 8. To d~t~, prompt:y and fully perform, discharge, execute, effect, complete, compt~ with and abide by each and every the stipulations, agreements, -oodit+ons and covenants in said promissory note and this mortgage set forth. 9. That in the event rhe ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a per~n other than the MORTGAGOR, the : ~RTGAGEE, its successc~s and ass~gns, may, witho~t notice to the A~10RTGAOR, dea! wiih svch successo~ or successor in interest with refere~ce to this o•~gage ar.d rhe d_ui her¢by secwed in the same manner as w~th Mortgagor w~tho~t in any way vinating or d~scharging the Mortgagors' liability here- _ r~;;r or ~pon the d~•t,t hereuy secured. No sale of the premises hereby mo~tgaged ar.d no forbearance on the part of Ihe MJRiGAGEE o~ its sutcessors o~ ass~gns and no exrens~on of the time ior the payment of the deb~ hereby secured given by the MORTGAGEE or its s~ccessors or assigns, a7ia11 operate ro re~ease, d~scha:ae, mod~(y change or affect the orig~nal liab:l~ty of the MOR7GAGOR here~n, either in whote or in part. 10_ It is spec+ficatly agreed that time is of the essence of tnis contract and that no waiver of any obl~gat~on hereunder or of the obligation se- cvr~~d hereby sha(i at any time thereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. I 1. in : od t.c:, !o ihe foregc ng month:y paym_MS of princ pal and intrrest requ~red by the prom sscry nore sec~red hereby, mortgagor covenants d agrees ro pr~ ro ~~~o-rgagee vv+~h each rnonihiy payr.~ent an add~uonal sum est~:+,ared by mortyagee to be equai to 1 12 af the annual cost of the follow- A-Ali reaf ~;roperty taxas lev~~~ or assessc:d aga~•~st the above desc.ibed real estate. ' ~j B Fr_•~~:~~ r.s on i:re and vf~~zdsrorm ~nsurarce as iiere~n req~:red to be carriad on the im;.roveme~ts s;tuate on the above d=scribec~,p~~ises. f C--Pre~, i~:*:s on ;~cfi r.;ortg,ge g~ar3nty ir.s~ra~.ce as mo~tgagee shail fro.m, t me to ti~ne deem fit to carry on the loan secyr~„' b,~~~''•. ,lq~'t ~t-~ , h~.o~rgaq~~e s~:~ ~'rc~n n~~,e to n:.,e noti4y mcrty;ger in writ~ng of the amo~~t d~e and payable hereundar and such su-n.ihalljKg~QVpon ~t"due and ~ ~,aF,!e o~i ~he d~e• dat~ cf ~he next n;onthiy payment and each successive month thereaitcr ur.til mortgagee shall notify mort~gpi of a,chedg~e in such ~ :vnt. Such s.,:ns s~ a:i be apF':~rd by mortgag,.e towa-d the payment of real property taxes, inwrance prem;ums, a~~d 'rtep)t~age gLa~aa}x iqsurance ~ , ,_..r.i~m5. : ~ ' ~ti: ` IPl ~11TNESS ~.YHERcOF, the sa~d MORTGAGOR has Hereunto set his hand and ' eal th- day and y r' st aforesaid: ; • ~ Si ned, Sealed and elivered in the p~esence of: CONSTR~JCT f«EO,~~o REC,~irR~~?.o BY. : ` ~ ' ~ 8?_ LUCIE COUN ~ \ ti-~ ROCc"~ r~~~RAS ~ e 1 Ha P~ ~r~t~ ' (sealj CLERR C~~:~.t11T COURT % ~~si~ ` ~ RECnFO v~p~~~E~ • l5eaq : - - ~Ci ~ ~ 33 ~'~Z - - ~39244 STATE OF FLORIDA COUNTY OF ST_ LUCIE I HEREBY CERTIFY, That on this `f ~ day of_ October , A. D. 19 72 . before me pe~sonally appeared Ke l ly Hall ~ ; r~p~y~ as President~8 ~!?~filyF 4 ~ ~y , of ~ Ke11y~Construction Company ~ a Rlorida . Corporation, to me ~ ~ ~ known to be the personj described in and who executed the foregoing iristYim+~~f end ~+~wii~r acknowledged the exe- ~ ~ . = , ~ curion thereof to be-t~ free act and deed as such officerj for the uses•aHd'~wrposes t~'i~rein mentioned; and that ~he~ ~ ~ affixed thereto the official seal of said corporation, and the said 'iristrurr+~ni is the att .lind deed of said corporation. ~r . ~ c~ ~ WITNESS my hand and official seal at Fort Pierce _ ,.{aic~~ty and state. ~ This instrument prepared by ~ J-~ Gary F. Ellwood Notary . ty First Federal Savings and Loan ~'Y~~.~nan~ aT.~State and Coun oresaid. ~ ~ A s soc ia t ion of Ror t Pier ce , F lor i da My Comm.is~on Expires: NOTARY PUBIIC. STATE d FLORIDA at LARGE MY COMMISSIOtI EXPIRES SEPT. 25, 1975 ~ " BonOed By Nnerian Bar?kas Insu~ance ~o. Checked By Y.,~- - ~ n rc ~ ~oox206 p~~E2853 y ~ ~ ~ _ ~ . _ , _ . _ - ~ . ~~~z..~