HomeMy WebLinkAbout3798 13. 1f default be made in payment. w6ea due, ot any indebtaln~u secured hereby, or in pe~[ormance oI any ot Mort-
gagor's obligationa. co~•enu?b or asrYtwcaq hereunder:
(a) Mortgagce u authoruod at any time. without notice. in iu wle discretion to ente~ upon and take posscuion ot the
premius o~ any parl tbersof, to perform any uu 1liortgagee deems aeccssary or pwper to consuve the security and to collect
and receive all rents, issua and profits thereof~ including those past due as well as those accruing the~eafter, and
(b) Mortgagee shaU be entitled, as a matter of strict right and without rcgard to the value or occupancy of the security,
to have a receiver appointed to enter upon and take poaseuion of the premiies. collect the nnts and profita therrtmm and apply ,
the same a~ the court may direct, such receive~ to ha~•e all the rights and powen permitted under the laws ot Fbrida. ~
;
In either such cax Mortgagee ar the ~eceiver aoay alio take posiession of, and tor thcse purposes use, any and all personal
pmpe~ty containcd in the premisa and used by Mortgagoc in the rental or leasing the~eo[ or any part thercof. 7'he exprnse
(including receiver's [eu, counul fea. cwts and agent's compensation) incurred pursuant to the powen herein contairtrd shall
be xcured hereby. Mortgagee s6aU (a(te~ paymmt of all cosq and expenses incurred) apply such ~enb, issues and proCts recei~•ed
by it on the indebtedncss secured hereby in such order as I?fortgagee detemunes. The right to ente~ and take poueuio~ of said
property. to manage and operate the same. and to collect the rents, issua and prorta thereof, whether by a receiver or otherwise, ±
shall be cumulative to any other right or remedy bereunder or afEorded by law, and may be exercised concurrently therewith
or independendy thereof. Mo~tgagee shall be liable to acc~unt only for such renb, issues and profits actuallr received by Mortgagee.
14. 1[ the indebtednen secured hereby u now or hereatt~r (urther secured by chattel mortgaga, pltdga, contracu o[
guazanty, auignmenta of leases, or other securiti~~, or if the premises hereby eacumbered consisu of morc than one parcel,
I?fortgagee may at its option exhaust any one or more of said securities and the security hereunder, or such parcels of the security
hereunciec~ tit[te[ concurreuily ur iudc~,ci~deiitiy, aiid in such order as it may dttermint.
15. No delay by Mortgaga in exercising any right or remedy hereunder, or otherwise atforded by law, shaU operate as a
waiver th~reof or prcelude the exercise tAereoi during the continuance o[ any default hereunder. l~o wai~•er br Mortgagee of any
de(ault shaU constitute a waiver of or rnnxnt to subaequent defaults.
16. Without af(ecting the liabiGty of any person( other than any penon rcleased pursuant hereto) fot payment of any ~
indebtednw secured hereby, and without affecting the priority or e:tent oi the lien hereo[ upon anr property not sptcifically
released punuant hereto, Mortgagee may at any tinie and (rom time to time, without notice and without limitation as to any
tcgal right or privilege of Mortgagee: fILED ANO RECORDEO
(a) Rel~ax any penon liable (or payment of any indebtedness secured hereby. sT ROGERCPOITRAS
(b) Extend the time or agree to alter the ternu of payment of any of the indebtednas. CIEaK CIRCUIT COUR1 t~ ~
a~coR~ vEaof~~o ~
(c) Accept additional security ot any kind. i
244143 ~ Z~ ~ 3i PN'7Z
(d) Rdeue any ptoperty securing the indebtedness. ~
(e) Consent to the creation of any easemeat on or over the premises or any cov~nants ratricting use or occupancy thereof. ~
U. Any agreement hereafter made by Mortgagor and Mortgagee punuant to this mortgage shall be superior to the rights ~
of the holder of any intervening lien or encumbrance. ~
18. Mortgagor henby waivs aU right o( homutead acemption in the property subject to this mongage. '
i
19. The co~enants and agreements hercin contained shall bind and the benefits and advantags shall inure to the respective
hein, executon, administraton, successon and assigns of the parties hereto. Whern~er used, the ungular number s6a11 include
the plural, the plural the singular, and the use of anr gcnder sttall be applicable to all genden. All oovenants, agreements and =
undertalcings ahall be joint and several. In the evrnt additioaal ~umbered covenants are for convenience inserted in t6is mortgage
folbwing the legal dacription, such additional covenants shall be read and given efEect as though following this covenant in
coa~ecutive ordu.
20. Any dJciency ia the amount oE such aggregate monthly payment shall, unleu made good by the Mortgagor prior to
the due date of the aeat such payment, comtitute an event of default under this aartgage. At Mortgagte's option, Mortgagor will ;
pay a"late chargd' not ezceeding four per centum (49~0) o[ any installment when paia more than fifteen (15) days after the
due date thereof to cover the utra espense involved in handling delinquent payments, but such "late charge" shall not be payable `
out of the proceeds of any sale made to satisfr the indebtedness secured hereby, unless such proceeds are sutficirnt to discharge the
entire indebtedness.
~~~~1~~~~~
4
. :,~C ~ ~ A ~:r; - ~
- , . ;
j • ~ - . ~ - _
I ~ ,t 3 Dn ~itness ~hereof g P ' c
:(~R~qRKi'$ SEAL~ _ ~~Q rantor has caused fhese resenis to °
he exec~ted in its name, and its corporale seaj !0 6e ~ereunto a~~ixed, by ils 3
~ , ' - y
`r;~ propPr of~icPrs th~reunto duly authorizec~. ~hp day ant~ year first a6ove u~ritlen. :
~
~ l. •
. , ~ ~ ~f
1 , i~: f / ' ~ ~ , r a
~ ~ f~ ~ W K.'L- ~~.c~~`/ S
I ATTES~o,N,--'~~'.-•-•-• AMERiCAN HOMES APID MORTGAGE, INC. ~
-
S«.ea.1 S -•-------------••-----------....••----•--...r
Verna . An rson/' ~easurer =
~ Signe~tl~~_~c~ a' ~ireli r d in Tie p~esence o{: i f~ `
, , ~ ~
. .
~ / ~ / ~ ~~~~~(rr-! L--- _
Ry----- - _ .
~ - - - . .-•-------t------ Wi liam A. Anderson r.ri~ec '
i
i.~ . . - ~ ~ #
, .
:
, , ~ a
;
:.....t----- :
~
x
STATE OF FIARIDA ~ }
Cc)t'tiTY OF ST. LUCIE
1 HEREBY CERTIFY th~t on ~hia div, he(orr mr. an ~.(fic~r dul~ au~horixd in the Sutt and Couot~ aforesaid to nke xkno~+kd4mrnb,
~ perwnall. apprared
~ iFIPd..?AM A. Ah'DERGON and VERI~: L. Rtv'DERSON
~.el! kno..n te w lo bs. tbt Prtsident and SQC~V and Treasurer respecii~~elr o( tAe coryoratioo named as sraator
~ in the fontoin['.ared. ¦~d tha~ t~e7 x~tnll~ xknowkdttd eeecutin[ ~~e same in Ihe prestoce of [vro wbecribi~ ~ritneaxs frtely and ~dunurilr
~ ~ ~
underi a~Fioti~ Bi.IY_vtyud in ~hesi•bT uid cnrporat~on and that the xal a((iud thercto u t6e true corporate stal d said cor tion.
yy~T~E$$ ~irY lVnd'-and o((jcul sral in ~ht ('..~.nt~ aod Su~r Wt aforesaid this gt}7 . dar ot Novembe . A. . 19 7
~ - ~ ~ . .
~ I.li~ ' ~ i/
~ r~, - .
~ ~ ° ~ 209 793 ;
: . _ bU~K i'AGE -
: , , L ~
. . . . ,
- . .
: ' ~ • , - - - - - -
~
~ . , , : •
,
I,u,,~,,,,F„~ ` hy: ~ a~ ~ ~ v~,~. ~
~ J:~~~ tAY Comm~ss~on E¦ares Sert. 1. 191~ ~
~ ~~~=-~y Walter E. Davis
_ _ ~~~.~'~N~TRUMENT PREPARCD BY:
ABSTRACT 8c T1TLE CORP. OF FLA
2D3 5. 2N0 8T. FORT PtERCE. FLORIDA
~
~ :_x ~
~ ` y~ ~
~~~~~°~'~`s~~~~ ~~w-~'_,~ -