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Home My WebLink About1570 To pl~c~ and contin~ously keep on ths build~nga now a hereaftcr s7fuat~ on sa~d land and on all cquipmenl and parsonaily covered by thi~ maty- sys, with •11 premiums ~herton pa~d in full, fire insuranc~ i~ the u~ual standard po~~cy form, in a sum approved by the MORTGAGEE, and winditorm i~s~~ance in tM ~su~l ~tandard pot~cy form, in a tum app~oved by the MORTGAGEE, in such tompany o~ comP~nias +i 1M MORTGAGEE m~y diredJ ~nd •II i'u~ ~nd winduorm insuranc~ pol~cia~ a+ any ot said build~ny~, any interest thcrein a part thereof, i~ the +g9resa~e ~um aforessid a I~ ~xcess Ihertof, iMll co++tain the usval sundard mortya9ae clsuse o~ such othe~ dauu as tM Malgaga~ may requu~, makinp the lo~s unda sa~d pol~ ciss, each ~nd ~very, payabl~ ~o said MORTGAGEE a~ iti intereit maY sppear, ~nd each and eve.y such policy shall be promptly au.gncd and delive~ed ~o any held by said MORiGAGEE es (urthe~ security to uid matgage dcbt, and not lesi ~hsn ten (10) days in advance of ths e:pir+tio~ of• each policy, to da livt~ fo uid MORTGAGEE • raxwal ?hcreof, tt~elhK wilh a reteipt for the pr~enium oi tvch renewal; ~~d ther~ shall be no fire w windstorm insurance pl~ad on any o! said building~. ~ny interest tMrein or part tMreof, unleu in tFN form •nd with ti+s toss payable as aforei+id; and in tM event any ~um of mon~y becomes payable ~nder such polity or policies said MORTGAGEE shall haw ~M option to receive and apply the iame on actovM of the indabted- ne~~ ucured F~ereby w W permit said MORTGAGORS fo reteive and uis it w any part the~eol for other purpoies, without Ihsreb~ waivi~~g o~ u~~pair- ing any equity. Iien a right under w by virtue of this mo:t9a9e; and in 1M eveM said MORTGAGORS shall (w any reason fait to keep the uid premises io ~n~ured, w fail ~o delive~ promptly any of uid polK]es ol iniurancs io said MORTGAGEE, or fail promptly to pay fvlly any premium there~or w in anY respact f~il fo paform, discharge, executs, effect, cor•~plete, comply with and abid~ by this covenant, w any parl Mrwf, ssid MORTGAGEE may place and paY fw ~uch insurancs or ~ny part thereof without waiving or ~ffectinp ~ny optia?, li~n, equity, w righ~ under. a by virtue of this Mwtgage. and the fuli amount of each a~d ev~ryr such paymeot thall be imrt~ediatdy dw a~d paY+ble and ihsll bear intenst from ~M date thereo( until paid at the rat~ ol nine P!I CMfUM P!f annum and ~oge~her wifh such intcreu shall be secured by tM lien of this morrg~pe. To permir, commit w suffa no waste, lmpairment w deterioratior? of said property a ~ny pa?1 lhereof• S. To pay all and sinyular ths costs, charges and eapenset, including a reasonable attorney's fee and costs of sbstrads of title, incurred w paid at eny time by said MORTGAGEE, beta~u w in 1he eve~1 of the (ailure on the part of the said MORTGAGOR ro duly, promptly a~d fully perform, dischsrge. ~ execWe, effect, compkte, comply w~th and abids by each and every tFK stipulat~ons, agreements, condilioni, and covenenn of said ~xomiiswY no~e and thi~ mwtgage any or tithe~. and said cosb, charges and expenses, eacA and wery, sMlt be immediately d~e ud payable: whether or not the~e be norice da mand, attempt 1o tolkct or suit pending; and the futl amount of each and eve~y such payment shall' bsar interest from the date thereof until paid at the rare of nine per centum ~r an,ium; and all said costs, charges and expenses inturred a paid, toget~her w~th such intersst, ihall bs secured by the lien of this ; mortyaqs. ~ 6. That (a) in the event of any Meach of this Mwtgsge w defaul~ on the part of the MORTGAGOR, or (b) in the event ~ny of seid ~urtn of money herein referred to be not promptly snd futly paid within thirty (30) days ncx~ afta the same ieveratly become due and payable, wiihout dcmand or notice, or in tha event each ~nd.every the slipulations, agreements, cond~tions and corenants of sa~d prornissory note and 1h~s mo+tgsge any or either are no1 iuly, promptly snd futly performed, d+uharged, executed, eifected, completed, complied with snd abidcd ~iy, then in either or any iuch eveM the said ag~ gregate wm ?nentioned in said p?omissory rwte then remaining unpaid, with ioiereit acuued, and all rr~exys secured hereby, shall betome due and psy- able fo~thwith, w thrreafter, at the option of said MORiGAGEE, as fvlly snd comptetely as if sll of the said sums of money were aginally it~pulated to bc pa~d or+ such day, anything in sa:d promiuory note or in this Aho~tgage to the contrary notwithstanding; and thereupon o( thereafter at the optio~ of snid MORTGAGEE, without notice or demand, suit af.law or in equity, therefwe or theresfter begun, may be prox:uted as if all moneys secured hereby nad matured pnor to its institution. ~ 7. That in ?he event that at the beginning of or at any time peoding any suit upon this Mortgage, a ta fweclose it, or to- reform it, or to enforce payment of sny claims hcreunder, iaid MORTGAGEE shall apply to the Covn hsving ju~isd~c~:o~ thereof fo~ the appoi~tment of ~ Receiver, such Court shail Forthwith appoint a receiver of said mortgaged property all and singular, inclvd~ng all and singular the income, profin, issues and revenues from whatever source derived, each and every of wh~ch, it beinq expreuly understood, is hereby mortgaged as if specifically set fath and deuribed in the 9ranting a~d habendum clauses hereot, a~d such Rcceiver shall have all the broad and effecrive funct~ons and powers in anywise ent:ustcd by ~a Court to a Receiver, and scch appointment shall be made by such Court as an admitted equity and a mat?er of absolute righl fo said MORTGAGEE, and without refine~ce to the edequacy w inadeQuacy ol the value of the properiy matgaged or to the sohrency or insolvency of said MORTGAGOR a the defendann, and that such .ems, profin, incane, iuves and ~evenues :hall be applied by such Receiver accwding to tM iien or equity oi said MORTGACaEE and the practice of such CouA. 8. To duly, promptly and fully perform, discharge, execute, ef(ect, mmplete, comply wi~h a~d abide by esch and every the stipvlatioru, agreeme~ts, conditans and cavenams ~n said promisswy note artd thu mortgage set forth. 9_ That i~ the event the ownership of the mortgayed premixs, w any part thereof, becoma vesled in a peraon other than the MORTGAGOR, the h10RTGAGEE, its successon and assigns, may, without ~otice to the MORTGAOR, deat with such wcceuw or successor in intcrest with reference to this n-ortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or discharging the Mwtgagors' lisbility here~ under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the paA of the MORTGAGEE w its successors or assigns and no extension of the time for the paynunt of the debt Fiereby secured given by the MORTGAGEE or its successors w ass~gns, ihall operate ro release, d~xharge, nwtlify change or affect the original liability of the MORTGAGOR t.erein, either in whole or in pan. 10. It is soecificalfy agreed that time is of the essence of this contract and that oo waive? of any obligation hereunder w of the obligation st ` cured hereby ahali at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the fwego:ng month~y payments of princ"pal artd interest required by the promissory note secured hereby, mortgagor covenants ~ jnd agrees to pay to mortgagee v~ith each monrhly payr:~ent an addorional sum esumate~ by mortgagee to be equal to 1/12 of the annual cost oi the follow- ~ ~ng: A-Alt rea! property taxes levied w assessed against thc above described real estate. . B-Prem~ums on fire and w~ndstorm insurance as here~n requ~red to be tarried on the improvemenh s:tuate o~ the above desuibed premises. C-Premiums o~ such mortgage guaranty insurar~ce as mortgsgee shatl irom time to time deem fit to carry on the loan setured hereby. Mortgagee shall from t~me to tir~te notify mortgagor in writing of the amount due and payable hereur!der and such sum shall thereupon be due and rayabfe on the due date of the next monthly payment and each successive month thereafter ur.til mwtgagee shall notify mortgagw of a changa in, such ' a•„ount. Such sums sha11 be applied by mortgagee toward the payment of real property ta:es, insurarxe prem:ums, and mortgage guaraMy ~ir?suran[e . ~,,,.~s ,j~f f premiums. ; ~ IN W1TNE55 YlNEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. = V`~ . , ' ned, Seal d d'vered in the presence of: K@1 Construc~~bti ~Ebiripa~i)t ~_.~i-~ ~ FILED AN~ RECpROE _ V ; ~ ~ ~ - ~ _ iT. aacER POITRAS ~ - - . •-s- q ~ = CtER!( CtR~UIT COURT t ~ ~ REC~RD YEP!FtE~J..,~y : ' - ~ y ~ ~sn4 . .I~ww 1S 9 si A~i' 3 ~ . ~ . . . . ~ 25'71'7 ~ STATE OF FLORIDA COUNTY OF ST. LUCIE 1 HEREBY CERTIFY, That on this lSth day of June a p 19 73 . , before me personally appeared Kel lv Ha.ll ~ i respectively President ~et~t Secoeie~xyacy_ , of + ~ - , Kellv Construction Co a _Florida _ Corporation, to me ~ known to be the persons described in and who executed the foregoing instrument, and severally ackn~~+~l~aa~~~thj~ exe- ? ~ ~ ~ S ~ ~ cution thereof to be their free act and deed as such officers for the uses and ursoses therein men ~ •~ri!.th4y ' - P ~~^~~i-'and ~ % , ~ affixed thereto the official sea{ of said corporation, and the said instrument is the act and de~ of' sawl$' cQrpQ~atiofl.. ~ V ~:i.~: ~ WITNESS my hand and official seat at Fort Pierce , said c unty and state._,: Q-` "':i s instrument nrepared hy ~ _ ~ _ J . , , . . o ~ r chard K . Kaves - ~ , ~ President Notary Public, in and for St e and ounty-~af¢tesei~'~ - M Commission Expires: sra~t ctbi~Q3A~n~ - : rst Fecinra~ Savinns an~:~ Loar Assocj_atic~n ;;.v Ero;~[s IAN. '7. YAn ~,i " Ft . P~_erce . Flor ic~ia __.w,.,. ~y „«,a~wn ~;~~s ?rswrance ca r~ - ~ ~ . . ~ ~ ~ Checkec! By ~ ~ ~ . se~215 ~~156~ ` p~~ ~ ~ ~ - - - ~ ~ ~ . ~ F _ - _ _ ; ~ ~