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3. To place and coroin~ously krep on tha Lu~'J~,.gs no.v or hercafter s~tu~te on s~~d Iand a~~d on al; cq~~~:.,nrt~ and pe~?onaliy covered by th7s mor~g-
sge, w~Ih sll prnmiumf iharcon pa~d i~ (u;l, f~re iriswo~~ce Irt ehe usua! sta::d~rd pot~ty form, in a sum aNN~o+cd by the A10R~G:.GEE, ~~+d w~ndi~wm
insuronce in ~he wual seandard poLty form, in a s~m approv~d 6~ ~he MORIGAGEE, in suth company or compan~cs as the h,02'GAGEE may
direct; and all (ire and w~nJstorm ~nsurance po~ic~ei on any of aa~d bu~td.ngs, any inrerest therein or part thrreof, in the agg~egnte wm aforesa~d or
en exceu Ihrrepj, slwU conta,n the uwal sta~tci~rd mo~tgagee clause or such o~her clause as Ihe Mo~tyayee may requ~re, maM~ng tha icis under s.;.d poli-
ues, each and eve~y, payab!e to said ~1JRiGAGEE as its i~terest may eppear, and each and e~e~y such poGcy ~hall be promyny as~ yn~d a~~d dr;~vrrvd ro
any held by seid MORiGAGEE at ~urther security !o seid mor~yage debt, and, not lest lhan ten (t0) days in ad~ance o1 the e~piration of each po!~ty, to de-
fver to said ~4lORTGAGEE a renewal therrof, loge~hrr with a receipf for the p~emwm o1 such renea,ra~; and there st,all be rW i~re o~ w~~~dstu~m insurance
plated on any of said buildings, sny ~rocresl there~n or part thereof, untrss in the forrn and w~th rhe los~ payab!e aa afaesa~d; ar.d in the e~em any s~m
01 money 6eco~~es payable unde~ s~ch policy or po6c~es said MORTGAGEE ~h.+Il have the opt~on ~o recr~ve a+~d appty 1he sa~ue on accou.» of the ind~bt~d-
ne» secured hereby w ro pe~mit sa~d IAORTGAGORS to reca~ve and use it w any pa~~ the:cof for oan•:r ~;~r; csrs, v~,N:,,,s th,..~,: ,~„p~,•-
~~g any equ~ty, Gen or ~~gh~ undar w by vi~we of fAis mo-tgage; and in ihe evem sa:d M0~2TGAGORS shall for any reason fai) to keep ~he ae~d pre~n~s~•s so
insured, or fail to d?lirer promptly any of said policizs of insurance to s~~d MORTGAGEE, ar fad promptly tp pay fully any sxe~~~~~~n thrirfo~ or in any
rrspect fail to pe~form, CfiSt~c~g8. en~~,cte, zffecl, comptc•._, z,^,r^F'q xi!h a~,d abide by ehh covenant, a anv ipan'hareof, sa~d MGRivaGEE may p+ace a~~d
pay for such inw~ance or any part the~eol wiihout waiving or aiFecting any option, lien, equ~ty, or right unJrr or b~ v;r~ue of ~h~s l~!or~y3ge, aRd the
1u11 amount of each and e~ery such payment ahalt be immedietely due and payable and sh~It brar interrst Irom the date thereof unri! p.,~d af the rate of '
~~~te per centum pe! dnnum end fO~e!hi/ with wch intrrest shati be sec~red by the I;rn of this rnortgage.
1. To permit, commit w sutfer no waste, impairment or deterioration of said property or any parl thereof.
5. To pay all a~ singutar the costs, charges and e+~penses, inctud~ng a reasonable attomey'a (ee and costs of abstracts of tifle, incwred or pa~d at
any tin;e by said MORTGAGrE, because or in the event of the fa~fure on the part of tfie sa~d MORTGAGOR to duly, pro~npNy and fu~~y peilorm, d~scha.ge.
execute, efiect, comp:ete, comply w~th and ab:de by each and every the st~pu~at~ons, agreements, cond~t~ons, and covenants of sa~d pro~n~ssory note and ~h~i
mortgage any or e;~her, and sa[d cosrs, cha~ges and expenses, each and every, shall be immediately due and payabte; w6ether w not ~hare be not~ce de
mar.d, attempt to co~iect or s~it pend;ng; ~ the ful: amoum of each and eYery such paymrm shalt bear ;nteres~ from the date tne~eof unril paid at the
~,+rr of nine per cemum pcr an~w~r, and oIt sald cosis, chargrs and ex;,e,ises ~nc~rred or pa~d, tognttKr w.th such imerest, shall be secured by the I~rn of th~~
morlgagC.
6. That (a) in the event of any breach of tA~s 1Vtortyage or default on the pa~? of the MORTGAGOR, or (b) in the evc.st any o1 sa'd sums af money
hrrein refeutd to bz rot pr;,+rptly and fullp paid within ~h~rty {3Q? days next afte~ tfie same aeveralty become due and payab!e, witho~t demand or nonca,
or (c) in the event each and every the atip~;ai~ons, a9reerr~~ts. wnd~t~ons and covenants of sa d prom~ssory ~ore and th~s mortgage any or e+~he~ are not
iu)y, p~omp~ly and fully performed, d.scharged, execueed, effecred, completed, compl~ed with and ab~ded 5y, then in e~ther or any such event the sa~d ag-
~regate sum mzntiei~ed in sa~d pron,issory no~e then ren,aining ~npa~d, with ineerr;~ acuued, and a11 moneys secured hereby, shal! become doe and pay-
ab'e torthwith, or thereairer, af rhe oprion of sa~d MOR7GAGEE, as fully and compleTely as ii all of thE said sums of money were or,9;~atty sr:p~;ated
to be pa[d on suth day, a~iythir.g in sa.d p.o+»~s:ory note w in this Mortgage to Ihe tontrary notwi~hstand~~:g; and thereupon or thereafter at the opt~on of
sa:d MORTGAGEE, without nonce o~ demand, suit at law w in equity, the~efore or thereaf~er begun, may be prosecured as if al1 moneys secured here4y
n.,d matured pr:or to ds ins~itution.
7. That i~ thes event thai at the beginn;ng of w at any time Fending any suFt upon this Mortgage, w to fwec!ose it, or to reiwm it, or to enforce
~-~yment of any tlaim3 hereunder, said 1dORTl~AGEE sha~l apply to the Court having jw~sd~tt~o~ thereof tor th~ appoi~finent Of a Receirer, suth Ccur1 shal!
tc~±hwi;h appoinl a receiver of said mo~tgagrd property oil and singutar, intlud~ng all and singu~ar the income, protds, issues and revenues from whatever
sc ~~~ce drrived, each and every of wfi ch, ~t be~ny exprrssly understood, is hereby mo~tgaged as if spec~hca~ly set for~h and described in the grenting and
r;u¢ndum ctausrs her;of, and svch Receiver shaN have a!! ~he broad and efiecr;ve funcr.ons and powers in anyw~se entrusted by a Cou~t to a kec~~ve~, a~,d
s. cn appo~nrment shail be made by such Leurt as an ad•nitrrd equity and a ma~ter of a6solute r~ght to sa~d MORTGAGEE, and wi:hout reference to 1he
a;ieyuacy or inadeq~aty of the value of the property mortgaged or to the so~venty or ,n;oiventy rsi said MORiGAGOR or the defendants, ar:d fhar svch
r.ro~s, profits, income, issues and re~enues shai~ be appiied 'oy such Receiver accord~ng io rhe tien or equily of said MORTGAi~Ef and ~he practice of such
Ccurt. ~
8. To du'y, promptty and f~;fy perform, d~s~-harge, exeu.te, eflect, complete, comply w~rh and ab~de by each and every the sti, utations, agreements,
_~:~drt~ons artd covenanrs s~~d prom~ssory no~e and th~s mor~gage set forth.
9. That in the event the o~vnersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than ihe MORTGAGOR, the
~RT(3AGEc, its wccessors and assig~s, may, w:~hout nonce to the h'tORTGAOR, deal w~rh such successor or s~ccessor in ~merest w~'h reference to ~h~a
•;:-rqage a~d rhe d~b! hereby secured in the same manner as with l.lortgagor without in any ~vay vitiating or d~scharging tFe 1~lortgagori' iiabilAy here-
~ ~r~.-. .-_-•'=a ^s •ti- ti^...ti„ ,..,,.~.,a,+Pri and no for6earance on the oart of the /11GRTCGAGEE or iis successors
nss;gns ard no exre~s~oo of the time fo. the payment of the deb~ h~.eby secured given by rhe MORTGAGEE or ~ts successors or ass gns, a:~all operare
ro re~ease, d~scna:ge, mod~fy char.ge or afiect the orig~nal l~ao~t:ty of tne M.ORTGAGOR herein, either in whole w in part.
10. It is spec•f~ca:i~ agreed rhat Yune is of the essence of th~s contract and that no vvaiver of any ob~~ganon hereunder or of the obligation se- _
c_•red hereby sha'i aT any hr.~e rhereafrer be he:d to be a wa~ver of the terms hereof or of ~he ins~rumem secu~ed herby.
I1. Ir. ::;;d.r:o~ to the forege ng ~ronsh'y p~~menis of p~i~c pal and interest reguired by rhe prom;sse:y no!e securzd he~eb~, mortgagor eovenants
d agr~es ro , ay fo ~,o-tgagf.~, ~n,,th each un~niy p.~i, ,e„r an add~r]onal sum cs?~mated by mortgagee to be ey~al to l. 12 oi the dn::,;a1 cost of tne folfow-
A-A!I r~a! F~ope,ty tax~=s len;d O• ~55~55.•d nga~•st the ai~o:e d•_~sc~~b~d r~a! eztate.
B-Pr~r., ;yni on f«e ar:d .v~r.ds~o•rn ~RSU~3r.~E as iiere;n reqv:.ed >o be tarnc~d on the :mprovements s~tuate on the abo~e~,~I_scryl~eid ~rem~tet.
C-Prem;vms on s~~ch n:ortg_:ge gua~anty ir.sura~ ce as mo~tgagee shail fre:r. t:me to time deem fit to carry on the foali secvted, jyereEy~
Mortgager sha'I frcm t~me to t~n,e not~fy mortgagor in writ~ng of the amouot due and payabte hereunder and such~sp~i sKell tix:~.eupbq~be dve and
,~.abte on the due date of +he next month!y payment and eacfi successive mo~rh tnereafrea ur.t~i mon~agee sha)1 notrfy,TnNtgagoi o~ a chartige iri such
. ovn1. Such sums sFa;l ~ appiied by mortgay.~e toward the payment of reat property taxes, insurante prem,ums, pnd. mortga~g _'guarapty: rtuuFdnce
."erni~mS. - ~
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a` .Y _•i"
IN l'lITNESS v'HER~OF, the sa;d t.10RTGAGOR has he~eumo se! his har.d and seal the day and ear ust afore}a~ . . `
S~gned, Seated and de;iv ~a the prese~ce of: f LEO AMD RECOROEO K@lly t]CUCtiO ~ O~~ a
. i• . g's :
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E~. ROCER PO tQAS ~
CIERK CIRC01? COURT 1 ~~a
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~ RECOAO vEf IF~Ea ~ ~
( _ (Seaq
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- - - - - - - - ~ ~ Y!~ ^ _ (Sea~) - -
2s~~a~
~TAiE OF FIORIDA CGUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this ~~__day of~ ~ , A.D. 19~,
` ~efore me pers~nally appeared -__Kel l~? Hal l ~
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~ respecfively Fresident 9~ _ of
' Ke ll_~Construction Company ~ a__ _ Rlozida _ Corporation, to me
kr~own to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
curion thereof to be their free act and deed as such officers for the uses and purPoses therein mentioned; and that they
affixed therefo the officiaf seal of said ccrporation, and the said instrument is the act and deed of said corporation.
`.'VITNE~S my hand and officia) seal at Fort Pierce , said county and stat . .
This instYUment prepared by
John W. Collins
Vice Pzesident t y P ic, in and for State and C ty af esaid.
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First Federa2 Savings and Loan Associati ~,ommi3~iog ~xpires:
: of Fort Pierce, ~lorida ~ ~ ~ ~
~ • ,,~r.;r~..".- .
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Checked By ' ~ c.•
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~C~it iA~E1272 _ p ~1 ^ i C - . -
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