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shaU Mve the option w receive and ~pply ths saaw oo aeoouat of tAs iadebtednw ~scund b~nby or W pKinit
said MoKgagor to rcceive ~ad use +t or any psrt thsteot tot ott?K purpo~ without thersDy waivin~ ct impairina
any equity, lien or right under or by virtue ot thu nwrtgags: and !n tlr ~veat ~aid Moctga~ sl~aU tor ady t~eawe
f~il to keep the said premi~es ao inaund. or [ail to dellver promptly any ot a~fd pol~cM~ of inwnnos to nid
Maigage~. or f~U promptly w p~y tully any premium tMretor. or w aay re~pect fail W perto~n. di~r~s.
e:~vte, eifeet, compkte, rnmply ~rith and abide by this rnvanant. o~ ~ny part h~eot. saW Mortssae~ may p~~ aad
p~Y tor sucd inaunnce or. ~ny put tl~ereot without waivio~ or aHeecing .nr opcbn. lisn. eQutcy or righc ~ ar by
virtue oi this mortgage. aod tbe fuU amount of s~eh aad every sueh p~yrnent ~Il be immediately dus and p~yabis
•nd sluU be~r intcrest tmm ths date ther~eot unt~7 paid at tf,e nte of ten per osnluto per ~naum ~od cogetAer with
wch iaceresc sh.U be secured by cbe Ika ot cNs morcgags.
1. To permit. commit or suttc~ no waete. Impaireaent or deterioratioa ot said pteperty or ~ny put there~f.
5. To pay all aad aingulu the caeta. cl~arges and espsnaes. ineh~d~ng reaeoaa6M la~ryer's tees aad oost of
abstncts oi titk, incurnd or paid at any time by said Mortgages bscause u~dlor in tM eveut of tbs fai7ure oa tl?e
part ot the aaid Mortgagor to duly. pomptly and tulty pst[orm. discAarge. ~ecute. etfect. oomplete. co~npfY with
aad abide by e~ch ~nd every tM ~iipul~tiooi. ageeetaenta. oooditiotts and ouva~nta ot s~id promis~oq? trots. and
this moKgage. any or either. aad said owt~. cAuge~ and e:pen~es, e~e6 and every. shal! b~ immedi~Raly dne and
WY~bk. whether or noc there be ewtice. deaa~nd. att~npt W oolMet or auit pending: and tbs fuq ~ma~nt ot a~cb
and wery such paym~it shail beu intsrest trom tbe date tl~eot until paid ~t tAe nte oi tea per oentu~n per
aanum: and sll ssid costs. charge~ ~nd ~penses so ineurred or paid, tagsthee with ~uc!? int~. sl~all bs seeured by
tbe lien of this mo~tg~ge.
6. That lal in the event ot any bce~ch oi tbis aw~tg~ge o~ det~ult on the p~et ot tbe Mortaiaor. or (bl in tbs
• event any of aaid aums ot moaey bersin re[erred to bs ~wt promptly and fuQy paid within un days oezt ahar tbs
same severdly become due and p~yable. witl~out de~nd or notica or IN ia tbe event e~ch and evary ths ~tipul~tiau.
agreements. rnnditioos and oovenanta . oi eaid promiswrY oote and this moctg~as. any or eit~. ars not dnlp.
promptiy ~nd tully periormed. diecliacged. esecuted. effect~d. comPleted. comP~ied wit6 and abided by. then. iu e[thar
or any suc6 eveat. the aaid ~ggregate wm mentioned in aaid pramissory note thea romaiaina unpdd. wtth int~est -
~oerned. ~nd aU moaeya secured hereby. a6aU become due and p~y~ble tathwith. or there~fter. ~t the optfoo ot said
Mortgagee. aa fully and comp{etaly as .if d1 of che said sums ot nomey were~ originally stipultted to be p~id oa
sucD day. anything in said promiasory nota, and or in this mortgage w ths cantrary notwitlutandin~ and
thereupon or tlureattet at tAe option af eaid Mortgagee. witbout notice or dam~nd. suit at I~w o~ iu aquity.
thsrstotore. or thereafter begvn. m~y be pe~osecuted u if all moneYe secured 6emby !ud matured prior to iu ~
~ iastitutioa.
7. Tb~t in the evept that st t!~ be~inning of a at aay tLae pending aay suit upon this mortgage. ar to forocioee
it. or to reform it. ~ndlor ta eafooos payment of any claims s~id Matgagss s1uU ~pply to tbe court
I, having )nrisdiction thereof ta~ the appointment of • Receivar. 'sucL ~o~rt shdl torthwith appoint a Reoaiver ot eaid
j ~8~ P~Y aU ~ad singular. inchding all and siagulu the r+ents incame profits. iaenes and reveaues itnm
i whatever source derived. eacb ~nd every of which. it beina e:prssely underataod is l~ereby mortaaged u if
' specifiedly set torth and described in the granting and babeadum cLusse hereot. and rncb Reoeiver aluq have
~ aU the broad and etfective funetions ~ad pow~ae in anywiss entrusted b~ • oourt to a Reeeive~. and snc6 ap+pointment
j ~haU be made by such eourt a~ an ~dmitted equity and a matt~ of absoiute right to s~id Mortgagee. u~d witl~oat
refera~ce to the adeqwcy or in~dequacy ot the value of the prope~ty mortgaged ar to t~e sotveoey ae iwolven~.y
of said Mo~tgagor and~or of the defend~nte. and that sucb rents. profits. inoome. iss~es and reveaue~ shaD be applied
by suc~ Receiver acoording to the kia andlor equity of said Mortg~gee and the pncika ot suc6 oourt.
I s. tc is nnder~wod and .greed t.h.c cl~a mortgage is given w secure. in .ddicion w che noce or oWigacioo
k above dsseribed any additional Iwni or [uture advances made ~rithin tweety ye~rs from date hereof by ths mortgagee -
~ w iaid mortgagors or ~ny succeasor b~ titk ot uid mortgsgors of ths property haebp eonveyed; pe~ovided tlut tl~e
total unp~id baLnce ot the inde s~ .~~ap e~ i ny one time ehap w~, ~tj~~n ' um principal
~ .mounc or Seven thousand
o~ne Ilundrea el~h~-~Vfo- `\fslaL•~vl'`"~-- p~pc~
~ polLre
i 1= 1. plus interest tl+e?ena and ~ny disMusrments made by the mortgagee for the p~yment ot Rues. kviea or ins~uanoe
E on the PtopertY encumbered hereby. with iate~t on soeh disbursements.
i (N W[TNES3 WHEREOF, the ~aid Matgagor tus e:ecvted this awrtgage under re~l on the day aad yeer herein
E fvst above ~rritten.
~ Sigik+d. se~led and delivered in the presence of: .
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STATE OF FLORIDA
OOUMI'Y OF 3T. LUCIE
D. Hugh Kenny and Lucile M. Kenny, his wife of
Betore me pasoaalty app~red _
640 Main Street, Onekama, MI 49675
to me wdl known •od knowa to ma to be tlre individnals. described in and wbo ~~.vted t~e toresoing ;
and aclcnowlsdged bsfore ms that x.bs~l. ~eeuted tl~e wme for tl~e papo~ t!?ee+eia e '
("Idl" • y .
WiTNE33 my Sand ~nd otficiat se~1 tbis 21 da~y ot
t ~Eo ANO IIEC~ROErY • _ : ~ -
i~. `!l~IE COUM 11 FIA. ~ ' , ~ H
IIOCER PO~jRAS Catherine M. Cantar pub~;c in .b~ c~ :
LI E RK CtRCUIT COURT ~ 0 j.. j~~;
Csr : 'IEa!i1E17 ~l! C.OIIAty tDd .~f~ ~ . . ~ _
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.3F~4~s 9/26/80
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