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Home My WebLink About2667 . . 3. To place and contin~oi•sly ?eep on ~he bui:J~~:gs now o~ hereaftor ~iwatp on ~aid ~snd and un al{ ry~iy~neN and persor~a!ly cove~ed by th~s moilg- s9~, with all premiwns ihrreon pa~J ~n full, fire ~nsor,nce in iF~e usua~ s~a~wiord poG~y lorm, in ~ sum appro+sd by the MOk~~~GEE, a~~J w~nd~~urm infurante in the uwal i~d~llldtd ~.pl~ty form, in • sum approred by the MORTGAGEE, in such cornpany or compa~ies as the MORiGAGEE may direcl; u+d •11 fire and w~nJtiwrm ~nsuia~ce pol~c~rs on any o( sa~d bu~~d~ngs, any intere~t there~n or part thn~rof, in ehe agg~rgare sum ~1o~esa~d or In excesi thereo/, ~hall comain ~he usual standard rt~Ortgaqet ctause o~ such o~he~ dduse as the Mortgagee may requ~re, meking tha ~oss unJer aa~d poli- cee~, each and every, payable ro said MORiGAGEE af tts in~cres? mey appea~, and each and every such po6cy shell tx promptty a~s g~~rd and de~~~nr~•d ~o sny hald by said MORiGAGEE as fur~her sec~rity to sa~d mortgage daut, and, no~ ~esa than ten (i0) days in adv~nce of the exp~ration o4 each pol~cy, io da- liver to said MORIGAGfE a renewal the~eof, toge~her wi~h a rece~pt for the prem~um of such renewal; and ~ha~e sFw~l be no f~~e or windstonn i~svranca placed on a~y of said b~~td~ngs, sny ioterost the~e~n a psrr thmeof, unless in tM form •nd w~~h the lose payaLie as afaesaid; and in the Gr@n! dny sum . of money becanes payab~e under s~ch potlcy or pol+cias sa;d MORiGAGEE shalt have ~ha opt~on ~o rece~ve and apply the ssme on accoun~ oi ehe inJrUtetJ- ness sec~red har@by o~ ro permi~ sa~d MORTGAG0.2S 1o receive and use it a any part the~rof lur ou~r. {:u~;•oars, .,ano~t ~h>~~ w_~+~•:7 p~~r• eng any equ~ty, I~en a righl u~dr~ or by virtue of thia moctgage; ~~d in the event sa:d MORTGAGORS shall !or any reason fail to keep ~t~e sa~rl prem~s>s so ~nsur¢d, o~ fait to detive? prompdy sny of said polities o) iniurance to sa;d MORTGAGEE, or faif promptly to uay fully any pre~n~~m thcrefor o+ in anr respett iaii ~p ~riia+~y u..:::aryc, ex~....- -4~c:!• ..,^>^r'e!e: ; tY w~~6 a~+tl a6:rle by this covenanl, or any part hrreof, said MGRIGAGEE fl)dY ~:DC° a,d . pay tor auch inwronce o~ any parf lhereo( wirhoul waiving or afiecting any option, lien, equfty, or r~~ht under or by vhWe ot ~h~s hnortgage, enci si.e f~ll amount o! each and eYery such paymrnt shall be immed~ately due and payable and shall brai ~nterrs~ from ihe dete thereof untit p~~d at ehe rate o1 n~ne per centum per annu~n and to~riher with such inte~esr shalt be sccured by the lien of this morfgage. . 1. To permif, commit w suffe~ no wasie, irt~pairr.ient or deferioration of said properiy w any part the~eof. 5. 7o pay all bnd singular the cwts, charges and expe~~ses, ~nduding a reaso~able anom~y's fee and costa of abstracts of title, inc~rred or pa~d at any time by aa~d MORiGAGfE, because a in the evenr of the fa~lure on the parf of the aa~d MORTGAGOR ~o d~:y, prornpt(y and futty perform, d~scharge. execute, ef(ect, canp(ete, comply w~th and ab:de by each and every the stipu?auons, egreemznts, condit~ons, and covenanrs oi se~d pran~ssory note and th~s mwtgage any or eiiher, and sa:d costs, therges and expenses, each and every, shall be immed~ately due and payable; vvheiher or not there tx nor~ce d~ mand, atternpt to coflect or suit pend~ng; a~d the tuH amount of each and every suih payment sha!! bear inrerest from ~he date ~he~eof until paid at the r,~~e oi nine per canwm par annum; and af~ said costs, charges and rxpNnsrs iricurred or paid, Iogrther w~~h such ~nterest, shail be secc,red by the Len of th~~ mortgage. 6. That (a) in the event of any breach of this lKwtgage or defau:t on the parl of the MORTGAGOR, or ;b) in the event any of sa'd sums of money herein referrc~ ro be nat prompfty and tu!ly pa~d w~~h~n th~rty (30} days oext af~er the same severally become due ar.d payable, without demand or n~tice, or (c) in tF~e event each and every Ihe stipu:a~ions, agreements, conditions and tovenants 4f sa.d promiswry nole and th~s mo~tgage any or ei~i,rr ere n~t y ~uly, pranptly end f~lry perfo~med, d~scharged, exec~ted, effected, compteted, comp;~ed with and ab~dzd Sy, the~ in eithr~ w any such e~ent the sa~d ag- gregate sum memioned in sa~d promisswy ncte then remaining unpa~d, with iNerest accrued, a~d aU moneys secwed hereby, shali become due and pay- able forthwith, or thereafter, al the opnon oi said MO~TGAG'cE, aa (~ily a~wi corrp:ese:y as it at! of ehe sa~d svms of money we~e ongi~~a~ly st~pu:ated to be paid oo svch day, anything in sa:d promhswy note or in this Mwtgage to the cont~ary notwi~hs~and~ng; and thereupon or thereafter at ~he op~~on oi sa~d MORTGAGEE, wifhout not~ce or demand, su~t at law or in eqwty, therefore w thereafter begun, may be prosecutad aa if att maneys secured hereby had matvred pnw ~o As instirution. That in ?he evenl that at ihe beginncng of or at any tlme pendtng any su~t upon th~s Mortgage, or to foreclose or ~o reform it, or to eniorce paymeM of any claims hr~eunder, uid MORTGAGEE shall apply to ihe Cou~t having jurisdict~on 11+ereot !o~ the appo~ntment of a Receiver, wch Court shait forthwith appoint a receiver of said mort~aged property a;l and singular, includ,ng al! and singular tt~e irtco~ne, prof~ts, issues and revrnues from vvha~ever source derived. each and every of wh~ch, it being express~y understood, is hereby mortgaged as if spec~ficaify set forth and described in the granting and habendum dauses hereof, and such Receiver sho~l have all the bra~d and effecrive funU.ons and powe~s in a~yw~ze entrusted by a Court to a Receiver, and such appointmeat shat! be made by such Court as an admittrd equity and a matter of abso~vte right ro said MORTGAGEE, and withc~? reference ~o the adeyvacy or i~adequaty of Ihe value of the proprrty mor.gaged or to tne so~venty or ~nso;vent~ 01 sa~d MORiGAGOR or the de',e~~dants, and rhat such renrs, profits, income, iasues and revenues shall be applied by such Receiver accordu~g lo the Gen or equity of said MORIGAGEE and the practice ot such Court. 8. To duty, promptty and fully perfarm, discharge, execute, eifect, compiete, comply w~th and abide by each and every the st~puiations, agreements, conditions and covenanta ~n sa~d promissory note and this mortgage set forth. 9. Tha! in the event the ox•nership of !he mortgaged p~emises. or any part thereof, 6ecornes vested in a person other th~n the MORiGAGOR, the h',ORTGAGEE, iu wccessors and ass~gns, may, without notice to ~he MORTGApR, dea: wi~h such successor or wceesso. in :nteresr ~.nh reierence to this mortgage artd the debt he+eby secured i~ the same manner as with ttiortgagor wrthout in any way vit~aeing or ducha~g;ng the f.lcrtgageri liability here- ...,.,a. :;po~ d_~• ~e•e~; ••ea r~.• ~ata nf ~he crem~ses herebv mortqaQed artd no forbearance on the part ot the ?dORTGAGEE or its successors or ass~gns and no eztens~on of the time (w the payment of the debr hereby secured g+ven by the MORiGAGEE or ifs successors or ass~gns, a~tiaii uprre~e to release, d~scharge, modi(y change or affect !he orig;nal I;ab,Lty oi the MORTGAGOR herein, either in whofe o+ in part, 10. !t is spec+fically agr~d that time is of the essence oF this contract a~ that no waiver of any obl~ganon hereunder or of the obligation se- cured F?ereby shall at any time thereatter be he;d to be a wa~+er of the terms hereof or of the inshumeM secured herby. 11. In aod~t~on to the forego:ng month'y payn:ents of princ pal and i~~reres~ requ~red by the prom~ssory ~ore secured he*eb~, ~no:t~~gor covenanes a~,d agrees to pay to mc:tgagee v~,ith each mon>hly pay~~~ent an add~r~onal sum esnmated by mortgagee to be equai to 1. 12 of ~he onn~ai ccst of the follow- ;n9~ ' . ! A-Afl real property taxes lev~ed or assessed ag3i•~st the above describcd rea~ estate. B-Prem.;ums on f;re ard windstorm insura: ce as 6ere'n requ;red to be carried an the improverneais s~tuale on the above d:s;nbed premises. C-Premi~ms on such m.ortgage ~varanty ir.svra~~ct as mcr~yagee shail from t:me to t~me deem fit to carry on the loan se.ured hereby. Mortgagee sha!~ frcm time to t~me not~fy mortgago- in writing of the amount dve and payable hereunder and such svm shafl tncreupon be due and F.ayable o~ the due date of rhe next momh:y payment and each successive month tF,ereafter umit mortgagee shall notify mortgagor of a cbange in wch ' a-nount. Such sums shail be a~pi~ed by mortgagr_e to+vard the payment of real property taxes, inwraice prem:ums, and mcrtgage gvaramy insurance ~ oremi~ms. f ' ~ IN Y~ITNESS 1tiHEREOF, the said MORTGAGCR has hereunto set his hand and seat the day and year first esaid. ~ Signed, !ivered in the presen of: flLED AND RECJROEO , Kel~ry nstruction O s'~ fT. LUC1E C~U~lTY f'1,~ ` `,r / ' R~CEt~ POITRAS ~aD k ~ . ~LfRVEk4=~~p ~OURT ~ BY:• ' Pf_.ORD ~ K 1 H P7~QSidellt txaq ~ ] ( ' iRY ~i 1 ~ ~ (Seal} ~ _ _ - - - - - - - ~ ~ 2'~Q636 ; STATE OF FLORIDA COUNTY OF ST. LUCIE ~ I HEREBY CERTIFY, That on this ~~'z~' _day of~~_~~~~bez , A.D. 19 73 , ' before me personally appeared _Kelly Ha 11 _ ~ ~eQOioNo~ ~ Preside:~t ~1 ----i` - - , of ' Keily Construction CoO~an~»__~ a F1pZ2dd Corporation, to me known to be the person~ described in and who exe4~t~d"the.''; fof,~joing instruinent, and se~y~ acknowledged the exe- ~ cution thereof to be , ' free act and deed as sut}.~~fxf~ie~rs'f4r-.t~ is~es; and pur'oses therein mentioned; and that /her affixed thereto the officiat seal of said cor ~ ~strum_ ` porat~oo,lb+~dTt~i~'C~itl~ ~nt is the act and deed of said corporation. , WITNESS my hand and officia! seal at Fort Pierc`g = ~"O~_ said county and ate. This instrune~t prepared by ~ ~ t = , . . John- W. Collins `~,e~~' First Federal Savin. s and Loan ' : 9 ~rK blic, in and for S ate an ount aforesaid. ~ AssoCiatiaf of Fort PiezCe y•Co rrission Expires: ~ ~~-~y- 7,s ? Checked By aoc~ 2~~ r~u,~ _ - - - _ ~_r_ _ :