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aba8 have ch. option to nceiw and aPPb the same atr aoooun o >~i'Tadsbtedn»s secured ~y a w permit
said Mortgagor to receive and ua it or sup part thenot -tar other purpoas without thereby waiving or impaling
any equity. lien or right under or by virtw of thin mortgsge: and in the event said Mortgagor shall for orgy reason
tail to keep tbs said premiea so insured. ar tail to deliver Promptly any of said poUeles ~ iowrraoos W said
Mortgages. or tail P~PUY ~ WY ~Y any premium tl~eretor. ar io any respect taD to perform, discharge,
exeuta effect, complete. comply with and abide by this covenant, or any part hereof, said Mortgages mq place and s
pay fcs such insurance ~ any part thereof without waiving or affecting nay option. lien. equity oe tight Hader or by
virtw of this mortgage, and the toil amount of each and awry such payment atoll be immediately dw and payable
and shall beu interest Isom the date thereof until paid at the rate of ten per ceatum per annum and together with
such interest shall be secured by tbs lien of this mortgage.
1. To permit, commit or suffer ra waste. impairment a deterioration d said property oe nay Part thereof.
b. To pay all and singular the coats, charges and expsaees. including nasooable lawyes's tees and cost of
abetr~cts of title, incurred or paid at• any limo by _ said Mortgages beauss and/or in the event of the faihms on the
part of the said Mortgagor w duly. promptly and fully perlosm. discharge, eseeute. effect. oanplete. compbr with
and abide by each and every the etipuLtions. agreansata. ooaditioaa and ooveoaats of said promissory note. and
this nwrtgage, any or either. and said costa charges and e:peasss, each and wary, shall bs immediatey due and
payable. whether or not there be notice, demand. attempt to collect a suit pending: and the full amount of each .
and every such paymenC : shell bear interest from the date thereof until paid at the rate of tea per oentum per
annum: and all said accts. charges and expenses so incurred or paid, together with such interest', shall bs secured by
the lien of this mortgage.
6. That la) ~ the swat of nay breach of this mortgage or dsfauk on the part of the Matgrigo'. or Ib1 io the
event any of said same of money herein referred W bs not promptly and fogy paid within ten days ne=t after the
same severally become dos and payable without demand a notice. a lcl is the event each and evarp the st~rulations,
agteemsnta conditions and ooveoants of aid promissory mts and this mortgage. any ~ either. are not dubr, _
promptly and fully performed, discharged. executed. effected. completed. complied with and abided by. then, is either
a any such event. the aid aggregate sum mentioned is said proanitsory note then remaining unpaid, with interest
teemed, and all moaeya secured hereby. shall become dos and payable forthwith. or thereafter, at the option of said
Mostgagee. as inlly and completely as if aD of tbs aid some of Homey were originally stipulated to be_ paid on
such dry. anything in said promissory note. and or is this mortgage to the contrary notwithstanding: and
tMreupon or thereafter at the option of said Mortgages. without ootia or demand, suit at law a. iA equity.
theretofore. or thereafter begun, may be prosecuted ss if all moneys secured hereby bad mortared peior to its
inetitntion. t
7. Tlut in the event short at the beginning of or at any time pending nay suit upon this mortgage, ar to torecbse
it. a to reform it. andlor w enforce paymdst of nay claims hereunder. said Mortgages ahaU apply to the court
having jurisdiction thereof for the appointment of • Receiver. such cant shell forthwith appoint a Reaiwr of said
mortgaged Property all and singular. including all and einguhv tbs rents ineorae_ profits, issues and revenues from
~ whatever source derived. each and every of which. it being e1Pr'~Y understood is hereby mortgaged as if
spsafkally set forth sad desrn'bedm the granting and habadum clauses hereof. sad such Receiver shore haw
all the broad sad effective functions and powers in anywise eattusled by a court to a Receiver, and such appointment +
~ shall be made by such court as sn admitted equity sad a matter of absolute :fight to said Mortgagee. ornd without
reference to the adegwcy or inadegwcy of the value of the property mortgaged or to the solvency or insolvency
I of said Mortgagor and/or of the defendants. and that each rests. ~ofits. income. issue turd revenues shorn bs applied
by such Receiver according to the kin and/or equity ot. said Mortgagee and the practice of such court.
B. It b understood sad agreed that this mortgage is given to scan. in addition to the. note or obligation
above described nay additional loans a future advances made within twenty years from date benot by the mortgages
to said aoortgagore or any suoosaor in this of said awrtgagors of tbs property hereby conveyed: provided that the {
total unporid balance of the indebtedness secured hereby at nay one time shall not esoeed the maximum peiacipal ~
a ~ SEVEN THOUSAND FIVE HUNDRED SIXTEEN (=7516.00)----------- Dal>ar.
li 1. phrs interest thereon and any disbursnneats made by the mortgagee for the payment of tares. levies or insurance
oe the property encumbered hereby. with interest. on each disbursements.
IN WITNESS WHEREOF. the said Mortgagor has executed this mortgage under seal on the day sad yeorr herein
first above written.
of:
EALI ~
f ~5EAL1
Ya
STATE OF FLORIDA ss. (Seal) `
OOUNTY OF 3T. LUCIE P. Mered th a erman .
>~tae ~ P~~aY a~,~ Paul W. Kellerman, Evelyn J. Kellerman, and '
d h e n as oint tenants with ri ht of survivo
J,fi, ~
28525 Moodvi Da ~
m~SC MM ~~~p I
to ms well known 'tb me _to iiil~rtidna~Tdeiaribed iA and who created at+4+q~gR
_ r ,
and admowledged baton ms that .t,he~~/. execrated tM ame for tM ptspoess therein exprM,~~- `:.:.`:,t• W-~;r
19th Apr1:fi N . .to; ; ~
WITNESS my hand and ofScW seal this day of .
_s;
Notaq? d'`1``
the
Carele~. ' _
BQOK.c~~~ PIiG~~ My oon~ii6ailit~'
March 8; l
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