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Home My WebLink About0601 ' ~ ~.1 ~;U~ ra?tire indebtedneaa hereb)' aecurrd +hall immediateiv hecume due, payeble, a~J collectible withoW notice, at thr. optiot~ of the niortgagr.e or a~signs, regarJicr o[ maturity. ~ad ( the mortgagee or aseigna may before or aher entry 6e11 eaid property, without appraierinent tl~e mortRa6or haviaa waived and aeaigped lu tl~e moriaagee ~ll righte oE sppraieement ) : t t) at ,Jud~c~ai saio punuan~ io ine proviaiw~a ui io L'.~.4. ~v~i ia j; ur. ~ ~t 1 at the optiun of the mortga6ec, either bv auction or by solicitation of sealed bida, for tl~e highest and best bid complyinR with the tecros of aale and msnaer of payme~t apecified in the publial~ed notice of aale. fint ~;n•ing four ~ 41 wee~cs' notice~ of the time, terme, •nd plaee of auch eale. by advertiaement not lees than once during each ot said four (4) weeks ia a aewspaper pub~ed or diatributed in the county in which said property ia eituoted, all other uotice beina hereby waivcd by the mortgagor (and said n~ortgagee, or any penon 00 behalf o( said mortgagee, may bid wit6 the unpaid indebtedneas evide~ced br aaid note). Said aale el~al) be held at or on the propert~• to be aold or at th~ Federal, count~, or city caurthouee for the county in whieL the propert} is located. The morL}tagee ie hereb~• authorised to execute for snd on behalf of the mottaa6or and to deli~~ ~a~~~eh aale a suiTicient conveyance of aaid property. whieh conveYance sha~l Nntain rec~t~l~ .~{~',~p~ 1 ~ ng of tl~e default upon which the e:ecution oi the power of sale bereia ~nted depende; and t~e said mortgaaor hereb) constitutea and appoints the mortgagee or any agu?t o~ ettorn~y~~f the mortgagee, the age~t' and t~ttorney in tact of said mortgagor to make such recitals and to e~tccate said ~ c'~e~ ~1 ~by~~~nts and agreea that tl~E redit~la so,n~de ahall be eQectual to bar aU equity or , r~6 t o redemption, homeatead, dower, and all other exemptioas of thc mortga6or all of whidi are hereby expreaelJ waived and con~~'to I~ie mortgagee; oc, , ~ , : r : . _ . . . 2• ~,^~E c~n t1:, kt'•.. r~.~j~~y~~priate action pureuant to State or Federal etatute either in State or Federal court !7T or otherwiae or the diapoaition of the property. in the eve~t of • eale ae herefttabo~•e provided, the mortgagoc, or an} pereon in poe6eadion under the mort- ~;aRor. eh~il theu become and be tenaats holdin~ over and shall Eort~with delivar poeeeesion to the purchaeer ~ at +uch eale, or be summarily dispogeeeeed, in eecorelaece w+ith tl~rorisions:of ~ta~v. applieable !o tenants hol~- inK o~~er. The power and a~enc}~ hereb~• granted are coupled with an intereat and are irnvocable by death or othenviee, and are ~Cranted ae cumulati~~e to ihe remrdiea [or collection of eaid indebtedaeas provided by law. 4. The proceede of any aale of said property in accordance with the precedina paragraphs ahall. ~e ap~liai 6ret to pa}• the coets and expenaea of said eale, tlie eipenses incurred by the mortgagee for the purpoee of protectin_g or main- taining aaid propett~ and a reaaona6le attorney'e fee; ~Atcondlp, to pa~ ~the inde6t~dnese aecur~d here~p; and thirdl~, to pay any surplus or exceaa to the pereon or persona legali~ eatitled themto. , Ig the e.eet said property is w2d at a judicial toreo~~ure s~k or .pucswnt to ~ho;power of ~ak henin~bove g~anted, and the prooeede are not su~'icient to pRy the total indebtednea~ seaical by thia in~~rRmont aAd evid~qeed by i+aid promiesory note, the mort~gee .will be e~itled de&clency j~tdgmeut Eor the unount of tLe defcciener wi4bout ' regard to approi~emeret. i ~ 6. In the e~•ent tht a.ort~eagor fails to pay an~ Federal, State, or loca) taz aeeebemen~ income tu or other taz lien, ~ char~e, fee, or other ezpenee char{ted aRainat the propert~, the mort~agee ie hereby authorised at his option to pay ~ the wme and ~ny ~ume ~o paid by the mortRagee ehall be aded to and bccome a part of the principai amount of the ~ indebtedneea evidenced b~~ .aid note. If the mortgaRor shall pay and diechar6e the indebtedneea evidenced by eaid promiaaorc note, and aha41 pa} such eums and ehall diacharge all taxe~ and liene and the coata, feea, and ezpeneea of making, enforcing, and ex~cutinR thie mortRage, then thia mortgage shall be canceled and eurreadered. ~ i. The cor•enan~a herei~ contained ehall bind, and the bene6ts and advantages shall inure to, the tdpective suc- ~ ceeeors and aseigna of the partiea hereto. Whenever useJ, the aingular number ahall include the plunl, the plural thc ~ ain~ular, and the uee of aay gender shall include all aendera. ~ ~ ~ 8. That no wairer of any covenant herein or oi the obliRation secured hereb~ shall at anytime thereafter be held ¢ to be a waiver oi the terms hereof or of the note secnred hereby. ~ ~ ~ 9. in compliance~ with eertion ]Ol.l 1 d 1 of the Rulea and Regulationa of the ~mall Buainesa Administr~tion [13 (:.F.R. lOl.l~d) J, thie inetrument ie to ~x conatn~~d and enforced in accordance with applicable Federal law. ~ 10. A judicial decree, order or judRment holdinR anc pro~ision or portion oi ihis iiutrument invalid or unem ~ rorceA6~~ +ha~ $ot iu ~+tY wa,)r ~pyijr or preclude the enforcemeat of the remaining provision~ or portiaos of thu ~ instrutllC~lt: - . . ~ ? ~w: . • ~a ~~i •e~ r~~•. _ ~ • ' ~ k: I1. AnJ writtea notice to be iaued to the mortgaRor pursuant to the pro~•ieiona of thie instrument ~hail bt ad- ~ dreaeed to the mort~a~or at 2551 South Federal 8ighway, ~ort Pierce, llorida 33450 ~ and any written aotice to be iaued to the mortaaRee ahall ~ be addre~d to the mort~a~ee st 912 Pedesal Office Euildiag, S1 Southw~t ~irst A~naut !!±~i, Plorida 331~~ d00K 1 PACE