HomeMy WebLinkAbout3784 l3. lf deiault Le niade in p~y~nent, whcn due, of any indcbtrdnrss secured hereby, o~ in jxrforma~.e of any o( ~tort- -
gagoi s obligations, co~e~ants or ag~ccments hereunder;
i~) ~1ort~.~Ree is authorized at any ti~ne, without notic~, in its u~le diuretion to entcr upon and talce E,ciucssion ot t~c -
preinis~s or any part thercof, to pertorm any acts Mortgagee dce~ns n~cessary or prope~ io cuiur~•e thz Srti~r~fy an~ t~ coilrrt
and recei~•e all rents, iuues and pwfits thereof, induding those past due as wrll as those accruing thereaftet, and
~b) :~tortgagee shall be entitled, ~s a matte~ of strict right and without regud to th~ ~•alue or occupancy of the security.
io ha~•e a receiver appointrct to rnter upon and tate posseuion of the premis~s, collect the rents and profits the~e(rom and :~pplq
the saoie ~s the court may direct, such rec~iver to have all the rights and {wwers.~rmitted under the laws o[ Florid:t.
In eithrr such case I~to~tgagee or the recei~•er may also take pou~uion of, and (or thesr purposa use, any anJ all Exrsonal
property containc~l in the pre~nises and uscvl by I?tortg~gor in the rental or lcuing thereof or any patt thereuf. The expense
(inrluding recei~•er's fees, couru~l (~es, costs and agrnt's compensation) i~currcd punuant to t~?e powers hrrein cont:iinnl sh.~ll
fx secured hereby. Ato~tgagee shall (a[ter payment of al) costs and expenus incurred) apply such r~nts, iuucs a~id profits rereivec!
Ly it on the indrbteclncu secured hereby in such order as \iortgsgee determin~s. The right to enter and take poueuion af s~id
property, to manage and operate the sa~ne, and to collect the renu, issues and pro(its thereof, wheth~r 6y a~ccciv~r or oth~rwise,
shall be cumulative to any other right or remedy hereunder or affordec! by law, a~d may be exercisrd roncurrendy therew~th
or independently thereoL I~lortgagee shall be liable to account anly for such rents, issues and profits actu~lly recei~•ed by \tortgagee.
t__' 1~.1..~. ..n~r-~rfe n~
i~. If the incle tedncss sccured hercby is nuw or hertaitu iurenrr secwrai uy c.w..~, .;,a.-.Sati~;, Y....~~,,, _
guaranty, ~ssignments oi leases, or other securities, or if th~ premises h~reby ~ncumbered consists of more than one parcd,
Niurtgagee may at its option exhzust any une or more of said secureties and the securitp hereunder, or such parcels u[ the sc~•urity
hcr~under, either coniurrently or independrntly, and in such order as it may d~ter~nine.
15. I~o dday by ~fortGagre in cxercising any right or remedy hereunder, ot oth~rwise a((orded by law~, shall o~•rate as ~
wai~~er thereof or preclude the exercise thereof during the continuance of any default hereundrr. \o wai~•er by Nortgagce o! any •
default sh:ill constitute a wai~•er of or cortsent to subsequent defaults.
16. \Vithout a[fecting the liabilit~ of any penon( othcr than any person relcasecl pursuant heretu) for payinent of any
indcbtedness secured hereby, and without a[(ecting the priority or extent of the lien her~of upon any property not sptciiically
rclcased pursuant Aereto, I?tortgagee may at any time and from time to tirne, without notice and witho~~i~~i1~1t~o~ECOR0E0? {
legal ~ight or pri~~ilege of ~fortq:~gee: A~r~ =
ST. LUCIE COUN~r flA.
(a) Rrlcase an!• penon liable [or p~yment of any indebtalneu sccurcd hereby. ROCER POIZRAS -
ciE~~c c:'.CUtT COtlRT ~
(b) Extend the timt or agree to alter the t~rins of pay~nent of any of the indebtcdncss. P.f.CORD VE~{lFIED.~.,~~
(c) :iccept additional security oE sny kiad. ~4413'7
~EC ZI I ' Z ~
(d) Release any property securing the indebt~d~zcss. ~a PH t
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(e) Consent to the creation of an~• easement on or orer the premises or any co~rnants restricting use or occupsncy thereof. ~
17. An~~ agrecment herea(ter made by biortgagor and liorigsgce pursa.int to this mortgage shaA bc superior ro the rights '
of the holdet of any inter~•ening lirn or encumbrance.
t8. ~iortgagor hereby wai~•~s al1 right of homestead exemption iii the property suhject to this mortgag~. ~
t 9. The co~•ertants and agreements herein contained :hall bind and the txnelits and ad~•antages shall inure to the respettive
heirs, ezecutors, administrators, successors and assigns of the parties hereto. ~Yhere~•er usecl, tho singular numb~r shall include
the plural, the plural the singular, and the use oE any gender shall be applicable to aIt g~nden. All covenanu, agreemrnts and
undersalcings shall bt joint and se~•eral. In the erent additional numbered coa•ena~ts are for com•enience inserted in this mortgage ;
fotlowing the legal dacription, such additional covenants shall be read and gi~•en ef[ect as though following this co~•enant in
consecuti~•e order.
~ ~0. Any de[iciency in the amount of such aggregate monthly payment shall, unless made good by the 1lfortgagor prior to
~ the dac date of the neat such payment, constitute a~ e~~ent of detault unaer this mortgage. At ~fortgagee's option, Ilfortgagor wilt ~
i pay a"late charge" not excceding four per centum (4%) of any installenent when paid more than fifteen (15) days atter the Y
due date thereof to cover the eaRra exptnse im•oh~ed in handling delinquent payments, but such "late charge" shall not be payable
~ out of the proceeds of any sal~ made to satisfy the indebtednas secured hereby, unless such proceeds are sufficient to discharge the -
entire indebtedneu.
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, ~ ^ ' ' 1'f' ~n ~itness ~hereof /~e ~rantor has CRt[SP~ ~~PSP presenls j0
(COK~Qlta1~ S~L`i i~ r ~
'~L ' ~ l.~ lie nx~culc~i~ in ifs r~amc~, anc~ its corporat~ seal to h~ RPTPIlItIO aj~ixe~, by its
:.~C>'~.
- pmprr o(f ic'~rs t{e~r~re~tto au~y ai+t~iorizrv~, f~i~ r~ny nnr~ ypnr ~irst aho~~P w~ilten.
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~t~'TT~S`T. - --.ry_r~~... .•E-' ~ - ~ L ~-dit-.
- , ~ ~!lSRIC~i__HO!lES.1~ND..MO_Ir1~C'~GE, 2NC. _
' ~ y ~ ~ ~ - Verna~-L. ersr sK~«~« & Tte~~ ^ - -
$igned. 9Pq d d?r~ X~C' ~ i~ ~i~s~nr~ o~: ~ ~
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~ ~~~.~'L.~:.4. By-~~ - - ._..:...----L...-
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, william Mders~n P~h~a~p~
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S7':~"I~F. (~F P`fARIO~1 ~
Cc~t'~`I~ti' c~F ST. LLJCIE ~ ~
1 IIERF.BY Cf:RI(F~' th~t .~n thia dav. hr(nrt m~. an nffi~rr duA~ ~u~h..rG~td in thr Sute and Camnl~ aforrsaid to take acknorltdt~nta. .
{xrw.nath ap{Kartd -
vsnrn~? L. ~?rm~sort ana wYr.t~trt r?rtn~xsorr
relt lrtawn ro px tQ~be•'~be Pres~dent and See'y and Treasurer rc.pecti~ely o( the corporation named u~rantor `
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pf`1hG ~~/~K~~~n~~dred. aqd tA~t 1he• v~~rallv aclnov.lsJ`ed evcutinR tht sam~ in tAe P~exnce o( t.s~. subscrib~n~ ritnesses (reAT and ~olun~arify
,•~`Mdtr~avtfitR~y <jJ1Z •t`tt~'lq them b. uid c~.rperrabo~ and ~Aa[ th~ sral a{Latd thtrtto is ~he tru~ c~~rpuntr ual d said c~rpexation. ~
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K'I7T-VESS m~~.~kan~ ~bd ol(~rial xal m tht ('.~unt. and Sut~ li.t afur~•aid thi~ 29~1• ~1a~ ~t, ~CB~@~~ , A. l)/lY ~ 72 _
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%r~s; ~lL?ln~~A~~r) ~+~i f~~rrr~~! 1~?':
~ Walter E. Davis State ot Flo,;~ n W~
.`~l~/rr'~c THIS iNSTe~~+e~.- p°Fo~?ED :'v ~h Comm~sswn Eipres S~pt• 1. 107~
ABSTRAC7 & TI'r!'~ GORP. OF FLA. "
Y03 2ND ST. FORT P~ERCE. FIARt~A ~
eoe~209 ~c~ ?79 '
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