HomeMy WebLinkAbout1352 3. To pl~c~ and con?inuo~sly ke~p on the Dui!d~n9s now w her~atte~ .~ro,~e o~ ~.~d ~•~,d a~d on an sq~?~+.m .~d o...o~+.iy co~•r.d by +h~s o+o.~ , _
p~, with d) prtmivms thereon p~:~ in lu~i, fire insurance in ths usu~1 iundarJ poticy form, in • sum approv~d by IM MORTGAGEE, ~nd wi~torm ~
in~w+nc~ in ths wwl sr+ndard por,cy iam, in + wm approved by ?M MORTf3AGEE. G? wch compaoy w wmp+ni~a p tM MORTGAGEE m+y .
dinct~ aed all !k~ and winds~orm inwrance polKCei on any of said buildmqs. ~ny int~rqt tF~~in or part tMrwf, fn th~ pyrep~~~ wn+ afa~aid a
lo ~xc~a 1her~of, sMll comain tM usual s~andard morfga~ dause or iuch aMr daus~ ~a tM Mat~N may rpv'u~, nNkinp ~M loss u~ ~+~d pd4 y•
cty. axh and ~vs~y. paYabl~ to aaid MORTGAGEE ~s ~ti in~e~e~t may ~ppear, ~nd ~ach a~d ~vay socA policy ~hall b~ prom~tly u~:yn~d ~nd d~livK~d w
sny heW by said MORfGAGEE ai fur~her security to said mortgag~ deb~, and, not t~u ~han t~n (10) d~ys {n +dvanc~ of ~Fw ~xpi~ation of each polrcy, to dr
IivN 1o qid MORTGAGEE ~ re~ewel ~he~eol, to~ether with a ~ecaipt ia lhe prsmium of wch r~newal; +nd thtrt sh+ll b~ ~o f'u~ w windstam Inwrane~
pliced on ~ny of taid buildings. •ny intere~l th~rein or pa~l the~eof, unleas in tM form and with 1M bss p~y+bb as afw~s+Mj ~nd in IM ~v~nt any swn y: .
of ~y becom~s p~yable u~da tuch policy w pol~cies said MORTGAGEE ~MII Mw tM option ~o rece~w and ~pply tM same a~ ~tcount of tM indt~ted~
neas setured Mreby w M perm~l fs~d MORiGAGORS fo receive ~nd uw it p any part thereoi fw othe~ purposet, without th~?eb/ waiviny w anpaia .
inp any equ~ty, lien or r~yh1 u~der a by virtus of ~his morfpape; ~nd in tM event s~id MORTGAGORS tMll fw iny r~ason fall to kNp th~ a~id premiies so
insvred, w fail b deliver p?omptly ar~y of said pol~ciei of insurancs to ss~d MORTGAGEE, w fail promptly to p+y fully any pr~mium thtreiw p In any
re~p~ct (ait lo pertam, discherqa, executa, effect, complet~, comply with and sbiila by thi~ cove~.?f, a~ny p+rt h~rwf, said MORiGAGEE m~y pl~q and
psy ta such in~urante or any part the+eof w~rhout waivin~ w aftetting any option, lisn, squity, w riphl ~ndw or by virtw of thit Matpaye, and tFN ~
full ~mount o( each and every such pa~ment ~hall be immediately due and psyabls ~nd shall be~r im~re~t from ths dat~ ~herwf u~til paid at tM rat~ of
nine psr c~entum per annum and together with suth interest shall be setured by Ihe lien of this mOrtyape.
4. To permit, commit or suffer ~o wasro, impairment w deterioretion of said property or a~y parl 1Mreof. i
S. To p~y all and singuts~ ths costs, charges ~nd exper+scs, includiny s reaaonsbl~ morn~y's fee ~nd cotts of ~MtrscK of titl~, incvn~ai w paid N ~
sny time bp said MORTGAGEE, becaux w in the event of the failure on the part of ?hs s~id MORTGAGOR to duly. promptly and fully pMfwrt~, discMrq~
execute, effecL compkte, comply with and ab~de by ~ach ~nd every the stipula~ions, agrecmei?ts, conditiont, and covenanb of uid promissory nof~ and thu ~
mortq~pe any w ei~her. ~nd said costs cMrges ~nd e:penses, exh and avery, sMll be immedi~taly dw ~nd payabk: wMtMr or nW ther• b~ notic~ d? .
mand, attempt to colkd or suit pending; and the fult ~mouM of,e~ch and evNy sv:h psyment shall bear iNer~st from 1h~ dab thereof v~til paid at IFw f
raie o~ nine per ccntum per an~ium; and ail ~aid costs, tharges and expenses intyrr~d or paid, Iopethsr with tuth inta~st. ~hall b~ sKw~d by tM li~n of this
morl~a~.
6. Th~t (a) in the event of any breach of this Mwtgsg~ or defaull on the part of the MORTGAGOR, or (b) in the ~va?t ~ny of a~id svms of mon~y
hercin referred ro be not prompfly and fully paid wi~hin th;rty (30) deys r?eai airer the same severally become due +nd paysbl~, withoul d~ma~d or notics.
o? in the event each and every the stipulations, agreements, cond7tions end covenanta of said promiuwy ~ote and this mort9ap~ aey or e+thar ar~ eal
iuly. promp~ty snd (ully perfwmed. d~scharged, e,eecuted. eifeacd, comp~efed. compl~ed with ~nd abided ~iy, tlwn in either a any s~ch went tM aid ~
gregate wm men~ioned in said promisswy note then remaining unpa~d, with iMerest acaued, and all moneys setured htreby, shall baronN dw at~d p~Y
abte forthwith, or tIIQfNf1N. at the opt~on of said MORTGAGEE, as fully and compk~ely as ii dl oi the said wms of ~noney wer~ pginally stipvlated
ro be paid on wch day, anything i~ sa~d promissory note oF in this Mortgage _to the. contr~ry notwi~hstsnding; ~nd lhereupQn or thereafle~ at tM option of
said MORTGAGEE, without norice or demand, suit at law or in pvity, there(we a thereafter begun, msy be prosecvted as if all naneya s~ev~~d hereby
had matured pnw to ~ts iosGtution.
7. Thar in the event tha~ at the beginning of or st any yiene ~ending ~ny suit upon ~his Mortgage, o? ro fweclae N, or to nform tt, o? ro enfwp
.,aynunt nf any clwims Ftireuntler, ssid MORTGAGEE aAall auulv to~t}fe Courf havinp jutisd~ction thereof f« the appointmMt of ~ R~c~iver, sUCI~ COV~t shill
fwthwith sppoinl a receiver of said mortgaged property all and sing~lar, includ~ng all and singuls~ fhe i~twn~, profiri, issws and r~wnues from what~ver
source derived, each and every of whKh, it beirg expressly u~dcrstood, ia F,ereby mwtgaged ~s if spec~fically ~et forth ~nd dewibed In tM p~antirp and
habendum ctauxs hereof, and such Receiver shall have ai~ ~he brwd and effec~ive funcno~s and powers in anywise entn?sted by • Cou~f to s Reoeiver, and
:uch appointment shall be made by such Court as an admitted equity end a matter of absolute right 1o said MORTGAGEE, N+d without ?eference to ths
adequacy or inadeqvacy oi the value of the property mortgaged w to the save~cy or inso~vency oi ssid MORTGAGOR w tl+e defendanfs, and that such
rents, profits, incane, iuues and revenues shafl ~e applied by such Receiva xcord~ng to ~he lien w equity of said MORTGAGEE and the prattice of wch
CouA.
8. To duly, promptly and fully perform, discharge, execute, eftect, complete, comply w~th and ~bide 6y e+cF? and ewry the sfipulatans, agreemenb,
conditbns and covenanb ~n sa~d p~omissay note and th;s mortgaqe set fwth. ,
9. That in the event the ownership o~ the mortgaged premises, w any paA thereof, becomes vested in ~ perwn ofhar fhsn the MORTGAGOR, th!
MORTGAGEE, its successon a+d assigns, may, without notice to the MOIfTGAOR, deal with such wccessor or wccessa in interest with reference ro this
mo.tga9e and the debl hereby secured in ths s~me rt?anner as with Mortgagor witFaut in any way vitistinp .or diKhrr~iog the Mortgagors' li~bilify her~-
under or upon the debr hereby secured. No sale of the premisea hereby mortyaged and no forbear~nts on the part of 1M MORTGAGEE or its suaesson
or assigns and no extension of the time fo? the psyment of the debt hereby secured g'~ven by the MORTGAGEE w its svtceisoq or ~ssiyns, ~h~ll operaN
ro rdease, d~xharge, modify change or affect 1he orig~nal liability of the MORTG/?OOIt herein, eitl~er in whole or in put.
10. It is spec~f~cslly agree~i that time i~ of tfie cssence of this contract and thst no waivN of any obliq~tion hereunder w of 1M oblipation se-
cured Fxreby shall at any time thereafter be held to be s waiver of the terms hereot w of the instrumeat setured F~e~by. •
11. In add~tia~ ~o the fwego:ng monthly paymenrs of princ paJ and interest ~equired by fhe promiuory nole secured F?ereby, mortgagor covenanq
and agreea to Fay to mo:tgagee with each monthly payrnent an additional sum eat~mated by mortgagee to be eqwl to 1/12 of the annual tost of the follow-
ing: ~
A-All real propeAy ta~rs levied w assessed against the above dascribed real estafe.
B-Premfu~ns on fire and windstorm insurar.ce as herein req~~red to be carried on the imp~ovements sitvate on ihe above dtstribed ptemises.
C-Premiums on such mortg~ge guaranty i~surance as mwtgagee shall from•t~me to time deem fit to orry on the ban setvred hereby.
Matgagee shall f.om t~me ro t~me ~o:ify mortgagor in w~iting of the amount dve and payable hereunde~ a~d such wm shall tiureu~oii 1ie due aod
Fayable w+ the due date of the next monthly payment and each successive month therrafter u~til mortgsgee shall notify mortgsgoc O~.a•chaflp~~6?;wth
' a:nount. Such sums sF.all be applied by mortgagee toward the payment of rea! property taxes, inswance prem:ums, a~d mortgsy~ ,~N~aN~j ~ mwi~yte
~ p~tmiums. -
f IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day snd yeu fin atpesaid. '
~ ned. 5ea nd de1 e~ed ~n he presence of: {iu y iCBLLY NS?RUCT~dli ~,(~1PAM~: r'~-`~ y
' :t4uK~~ ~
~ 3T-!U_ _ ' .,±tTY ii#. " - _
c~- '
tc BY: r
~ ' ~ ' . ~ )JRP s e. ~ . , ~t ~
~ , 7~~ ' ~
~ - - 0 iv ~ ~ ~-f - - - :~*m~n~.~'~-=- - ~
~i '
~ STATE OF FLORIDA COUNTY OF ST. LUCIE 31833,2 ~
I HEREBY CERTIFY, That on this - 3zd day of OCtobaZ , A.D. 19 75, ~
before me personally appeared Kell1r Hall _~c
~ ~~E1Si@f~ President ~ - , of
~ KELLY CONSTRUCTION OOMPANY Florida _
a Corporation, to me
known to be the person described in and who executed the foregoing instrument, and acknowledged the exe-
~ cution thereof to be his free act and deed as such officer for the uses and pur~uuses therein mentioned; and that he
~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation.
~ WIT E m hand and officia! seal at Fort Pierce , said count d state. .
~ This~n~trument prepared by y .
John W. Collins
Fizst Fedetal Savings and Loari ota Public, in and for State,.a'~ Cou~ ~~aforesaid.
.4ssveia tion of Fort Piezce My ommission Expires:. ,fj w~;,`
aC1~~~C~ ~
- ,,L. J.. . .
_ '
Checked By . ,
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~ BOOK244 PAGE1353 ~
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