HomeMy WebLinkAbout0966 • a ~ .
~~-T~l~tCUiT CDIR
.r ' ~IFIFII~
~ oE~ ze 8 z9 AH
. ;~~8~2~.
. shaU have the option to receive and apply the s~me on secount ot the indebtedns~s secured Aeceby or to permit
said Mortgagor to ~eceive and use it or any part tRereof tor othe~ purpoee~ without t!?ereby w~ivins or impairing
~ny equity, lieo or right under or by virtue ot this mortgage: ~nd in tl~e event uid Mortg~gor s1uU tor any re~~on
t~il to kesp ~be said premisea so inaured. or t~il w deliver prompcly any ot s~id pdicias ot in~unaos w pid
Mortgage~, o~ tail promptly to pay tuUy any premium thenEor, or in eny respeet f~il io pertcrm, disel~r~e.
e:cute, eftect, compkce, comply with and abide by thu cove~ant, or any part he~mt, said Matgagee may placs aad
pay tor aucA in~urance or any put thereof ~rithout ~r~iving or affecting any option, lien, equity or rigAi under or by'
virtue ot this mortgage, and tbe full amount of each ~nd every such p~ymeat ~l~.U be immediacely due and pay.ble
aad shall bea~ interest trom tlie date thereof until p~id at the nte ot ten per centum pa anaum and tagether with
sueb iaterest s1~aU be sseured by tbe lien ot t6is tnortg~ge.
4. To permit. commic or sufter no waste, impairment or ~deterioratioa ot said property or ~ny part thereof.
S. To pay all ~nd eingular the costs, c~arRee ~nd e:penses, inctuding re~aon~~k lawyet'a tees and oost ot
aMtraets ot titk, iacurred or paid et• any time by s~id Moetgsgee beca~e andlo~ in the event of the f~ilure on the
part ot the uid Mo~tgagor to duty, promplly aad fully perform, diecharge. ~ecute, eHect, oompkte, oomply with
~nd abide by e~ch and every the stipulations. ~gresments. conditans and covenanta of said pmmi~eory note. and
thi~ erwrtgaga ~ny or either. ~nd esid co~ta, charges aod e:penses, eaeA and every, ehall be im~nediat~ely due and
' payeble, whether or nW. there be notice, demand. ~ttempt to rnllect or auit pending: and the tull amount ot each
~nd every such payment sAatl bear intereet from the d~te thereot until paid at the nte oi ten per centum per
anaum: and aU aaid costs: chargea and ~pet?ses eo incurred or paid. toBethcr with such interest, eRaN be secured by
the lien of this mortgage.
6. That 1~1 in the event of any bro~ch of thia mortgage or def~ult on the p~rt of tAe Mortgigor. or Ibl in the
- event any of ~aid sums ot money herein reterred to be not pmmptly and tuily paid witAin ten days nert aft~r t6e
utne severally beeome dne and payabk, withait demand or notice, or fcl in t!?e event each ~nd every the stipul~tion~.
~greements. conditions and coven;ata ot asid promisaory ~wte u~d this mortga~e. ~ny or eit!?ar. ~rs not duly.
promptly and fuUy periormed. dischuged. e:ecuted, effectad, aompkted. complied with and abided by, then, in eit6er
or say such event, the said eggregate eum mentioned in said promissory oote then remaining unp~id. ~rith iut~test
~ccrued, end ~ll moneya eecund hereb~, ~hall become due snd p~yabk torthwith. or thereafter, ~t tbe option of ~id
Mortgagee, ss fuUy ~nd rnmpktely sa it ell of the aaid auma oi iwmey ~vere originaUy stipulated to be paid on
~ch day. anything in said promissory noce. and or ia this mortgyse w tbe contrary aotwith~tanding, and
t6ere~poa or thereefter at the option of said Mortg~gee, writhout notice or damand, suit et I~w or iw equity.
theretofore, or there~fter begun, may be prosecuted aa if aU moneys ~ecured MrebX h~d matured prior to its
institution.
7. That in the event that et the beginninq of or at say time pendir?g any suit upon this cnortgage, or to foreclwe
! it, or to reform it, •nd+or to eatorce psyment of any clsims hereunder, said Mortgage~ sh~ll ~ppty to the court
~ luving jariediction thereof tor the appointmer?t of a Receiver, euch court ehall torthwith appoint a Iteceiver ot said
i mortgaged property ~Il and aingular. i~uluding all end singular the renW income profitt, iaeura and revenues from
~ whatever soaroe derived, esch aed every of which. it being e:preedy underscood ia hereby tnottgsged aa J
specifically eet forth and described in the Rrsntinq and habendum clauees F.Preof, and such Receiver sAaD have
all the bm~d and eHective tunctione and po~ver~ in enywix entru+ted by • caut ta a Receirer, end aueh appointment
_ sball be made by such court sa en admitted equity snd a matter of aMolute riRf:t to said MortgaRee, and without
referentx to the adeqwty or inadeqwc~ of the vslue ot the property mortgaged or to the solvency or insolvency
ot uid Mortgsgor and/or of the defendants, and that euc6 rents, pmfita. inrnme, iasues ~nd revenuee ahall be applied
by s~ch Receiver acoording to the kin ~ndtor equity of said Mortgegee and the Practice of such ooart. -
8. It ie understood aad egreed that this mortgage is givea to aecun. in addition to the note or obligatan
above described aay ~dditiooal laans or tuture advance~ m~de within twenty yure from date hereof by t6e moctgag~ee
to.said mortg~gors or any euctessor ia titk of ~aid mortgagors of the property hereby conveyed; provided th~t the
total unpaid balance of the indebtedness xcared hereby ai eny one time shall not e:ceed t6e mazimum principal
.mouncot THIRTEEN THOUSAND FIYE.HUNDRED SIXTY THREE (13,563.00)
(i 1, plus intereat thereon and ~ay diebursements made by the mortgagee for the p~yment of tues. levies or insunnce
on the propvty encvmbered hereby, with intere~t on such diabursements. ~
IN WITNESS WHEREOF, the said Mortg~gor has e:ecuted thie mortgage under eesl on tAe day and year herein
fir~t ~bove written.
Signed, sealed and defivered in the prexnce o[:
~ ~ ISEALI
er . e er
E' ~ It~c-~£cti ~sE~
STATE OF FLORIDA Mary E.K ler
se.
COUNTY OF 3T. LUCIE
Before me per~oaally .p~.~a A1 bert S. Kel l er and Mary E. Kel 1 er, hi s wi fe of 3707
Mirror Lake Rd., Apopka, FL. 32703
to me wsll known ~nd Ima~ •to ms to be the individu~LS deem'bed in and w6o uecuted ihe faegoing '
~nd ackno~Asdged before me tl~at .j~,ha.~ as~cuted the same for the p~~rposes tharein s:prsased.
wt~ss ~y n.oa .na ot~w ~ c~ 25th a.y or No er . .
0 R ( oc.rr P~b1ic in ` 1 . ; _ .
the Couaty and 3tata QYal~paid.
~ ~ B00lc2~ PAGE ~71~ Catheri ne M. .Cantar~ ~ ~
~ My o~mm;,.iOO ~p~rex ' . . '
~ Sept. 26, 1980
_