HomeMy WebLinkAbout1423 13. lt defaul! br made in payment. when due, of any inctebtcdiuss secu~e+1 hcre6y, or in pcr(ormanc~ ot any of I11ort-
gsgor's obligations, corena~ts or agrcements hereunder:
(a) I?tortgagee u authorued at any time, without notice, in its sole discretion to enter upon and take posscssion of thr
premiscs or any part thereol, to perfonn any acts Mortgagee deerru ~ccrssary or prope~ to consen•e the security and to collect
and receive all renb, :uuea and pro[itt thereot, including those past due as well as those accruing thereafter. and
{b) riortgagee shall be entitled, as a matte~ of st~ict right and Mithuut ~egard to the ralur or occupancy o[ the securit~~.
to hace a receiver appointecl to ente~ upon an~-tak~, ss~ssion of the premises, coliect the rrnts a~d protits therefrom and apply
the same as the court nwy direct, such recci~~~ to ha~all the rights and puwen pe~mitted under the laws of Florida.
In eithcr such c~se biortgagec or,the rccci~•er may,~lso take possession o[, and for thcse purpous use, any and all personal
proFx~ty contained in the premises and uud by I~iortgagor in`t~ rental ur leasing thereof or aoy pa~t thereof. The expense
(including recei~•er's iees, counsel fe~s, costs and agent'a compensation) incurred punuant to the powers herein containe~d shall
Ix secured hrrrby. 1lfortgagee shall (atter payment of all costs and expenus incurreel) apply such r~nts, iuues and pro[its recei~•eci
by it o~ the i~debtedneu securcd hereby in such order as Mortgagee determines. The ~ight to enter and take pouessiun of said
propertp, to manage and operate the same, and to collect the rents, issues a~d profits thereoi, whether by a recei~•er or otherwisr,
shall be cumulati~•e to any other right or remedy hereunder or a(torded by law, and may be exercised concur~ently therewith
or independently thereof. Tiortgagee shall b~ liable to account only (or such rents, issues and profiu actually recei~•ed by I?fortgage~.
1~4. I[ the inciebtedness secured hereb~~ u now or he~eafter further sccured by chattel mortgsges, pledges, contracts o(
Suaranty, assignments of leases, or other securitics, or i[ the prenuses hereby encumbered consists of more than one parcel,
Alortgasee mz~ at its option exhaust any one or more of said s~curities and the security hereunder, or such parcels of the security `
hereunder, either concurrently or independently, and in such orcler as it may determine_
l5. \o delay by \tortgagec in exercising any right or remedy h~reunder, or otherwise af[orded by laN•, shaU operate u a
wai~•er thereof or preclude tht exercise thereof during the continuance af any default hercut.der. \o wai~•er by 1liortGagee of any ~
detauh shall constitute a wai~•er of o~ consent to subsequent defaults.
16. ~Vithout af[ecting the liaLility o( any person( other than any person releasal pursuant hereto) for payment of any ~y
indebtedneu secured hereby, and without affecting the priority or exte~t of the lien hereot upon any property not specitically
releascd pursuant hereto, 111ortgagee may at a~y time and [rom ti~nt to ti~ne, without noticc and without limitation as to any
legal right or pri~•ilege of 111ortgagee: FtLEO ANI~ RECORDEO
(a) Relesse any penon liable for pa~~nent oi any indebtedneu secu~ed hereb~. ST. LUCIE COUNTY FIA. i
RGBEr: rtI~TRAS
(b) Extend the time or a ree to alter the ternu of inent of any of the indebtcdncss. CIERK C:~:CJIi COURt 1.`+
3 WY P.frG"~ tif~ =1:0
(c) Accept adciitional ucurity ot ang kind.
(d) Release any prope~ty securing the indebted~icss_ ~ 1~ 3 s? PH
(e) Consent to the creation of any easement on or o~•er the premises or any cocenants restricting use or occupancy thereof.
17_ Any agreement herea[t~r made by Mortgagor and \lortgagee pursuant ro this mortgage shall be suprrior to the rights
of the holder of any inten•ening lien or encumbrance.
18. Aiortgagor hereby waices all right o[ homestead eaemption in the property subject to this nwrtgage. ~
19. The co~~~nants and agreemenu herein contained shall bind and the benefits and ad~antages shall inure to ehe respectia•e
heirs, executors, ad~ninistraton, successors and assigns of the parties hereto. tiVhere~~er used, the singular numb~r shall include ~
the plural, the plural the singular, and the use oI any gene'er shall be applicable to all genders. All_ covenancs, agrcements and M
undertakings shall be joint and se~•eral_ 2n the event additional numbered co~•enants are for convenience inserted in this mortgage ~
[ollowing the legal description, such additional co~•enanu shall be read a~d gi~•en ef(ect as though [ollowing this covenant in V• ~
consecuti~•e order. i
20. Any deficiency in the amount of such aggregate monthly psyment shall, unleu made good by the 1liortgagor prior to
the due date of the next such payment, constitute an event of detault under this mortgagc. At riortgagee's option, Mortgagor will
I pay a"late chargd' not ezceeding four per centum (4%) of any installment when paid morc than fifteen (15) days after the
due date thueof to cover the uva ezpeuse in~rolved in hindling ~elinquent paymeuts, but such "late charge" shall not be payzbk
4 out o[ the procecds oE an~ sale made to satisfy tbe in
de
bt e
d neas secu r e
d here by, u n las suc h proc e
e d s are sufGcient to disc h u
ge tite
~ rntire indebtedness. -
~ fo~ltlOltw'rE sFr?L) ~n fhe grantor ~wa caused t~ese presenb to
he execufec~ in its nnme, and its corporate sea~ to ~e her+eunto aj~ixec~, by its
pr ~icPrs t{~ereunto ~u~y aut~orizec~, ihp day and year jirst a6ove u~ri!len.
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ATTEST: --.RZ. . - ~
~ - - i~~fce~p~--- A1~R--CAN--HOI~S._AND.MOBTGA~GB,--INC..----- -
Dooin c oci e . -----I
Signed. sPa~e~c,i~ n ~ner ~ in t~?e pres~nce o(: , ,
; •
` . . , ~
' / ~...1~-[L.INf%t~_
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J~ . ~ Willias A. ~
acsoa:- .O
_ , r:, . ~ i
i. ~ f%4..,~~ltr.: J.cr..-:--••-••-••-----•, ' . T , (
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r . ~~..ar~~ ~ ~ , . A_. ,
STATE nF FLORIDA 1 , ~ . :
I , ~ ~Y . ' " .
Cc)UtiTI' OF S?. LUCI~~i . . : • `~c~. .
I HEREBY CERTIFY ~6a~ on tbn day, be(ore me, an olfr~r doh a~tbori:ed ie tl~e Sute awd Coqaty a(oreuid to ta~e~}clabwltdRmrntl;
f~
~~~~~:~P~~•~ HILLIAM A. AIIDffiSON and DOMINIC PROCINO ` ' :
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K~IF-.ko~:~.n'"~a~ rpe m be ~Ae Prtsident and $y[~. ~iCE Ptliident mp~ceivey d~be corpwaiioo .aucd ar sra~tor
~.in t6e foret~a~ deed. and tAat theY ~e~ersll~ ackno..kdted e~ecutieR ~he same ia tbe presr~ce o( t~o wbscribi~ vritsea~es freel~ awd r•dunurJY
_
~ un~rr 1tG~AMSe4 ~1 •~;~~d in ~I~tm bY said cwporauow aad that the feal a((i~rd d~ereto is ~he erre corporal~ ~cal d said carpora~ion.
~ W~\'ESS mT hasd and o(firial sral ia tbe Couat~ and Sute la~t afornaid t6is 3rd d~~ of A ./1.`~D. N 7Z
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- ~ - ~ . F~~E~ :4~ ~OrDEO ; r;.
• 51. IUC~E CJl1N1~ fLA.
~ . ~ . 1 ROG~~ P~7?tRAS , jt : % ,
CLFRK i,'~'•C31T ~OURt ~ f;,~~,.~c/
~ RECOf^ VF=;F:EZ~ - .'LG. . - ~ y--
-
'/%iic h~;~runrrrd pr~fu~rrd 6 ~7 N ary blic
~ ~ 4~ ~ iZ ~y? Comiaaion ~Facpirea:
.~1~/~!n_cf Wwlter S_ Davis
THI• INiTRUMENT PRlPAREO 9Y: S~iM d FIO~~ ~ LBf~!
ABSTRACT 6c TITLE CORP. OF FLA. ~m,~y;pp ~y,ra Sept. 1, 1973
20S 8. 2ND ST. FORT P~ERGE. FLORIDA
~~204 ~2630 ~r ~ ~ :
. lCl ~ ~ ~23
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