HomeMy WebLinkAbout5111 13. If drfsult be made in pa~•~nent, whea due, ot any indrbteJnres sPC ur~d hezebp, or in Exrlor~u-~nc~ u[ .~ny of ~1ort-
g1Koi s ublitiations, co~rnants or agrccments hrreur?der.
(;?1 Alurtg:~gee is authorized at any time, without noticc, in iu sule discretion to ente~ apon and take posseuiun of th~•
pre~niscs or any part thereof, to pe~(ortn any acts blortgagee deems necrsury or proper to coasen•e the security and to colk. t
ind recei~•r all rents, iuues and profits therrof, including those {~.ut dur as well as thos~ accruing thereafter, and
(b) \iortgagee shall be cntided, as a matter of strict right and w•ithout reGard to the valu~ or occupanc~• uf the security,
to ha~•e receicer ap}wint~rl to enter upon and take possruion o[ the premis~s, collcct the rents and pro(its there[rom and appl~~
the same as th~ court ma~• direct, surh rcceiver to ha~•e all the riRhts :tnd ~wers penuiltecl und~~ tn~ iaws oi i ioricia.
In eithet such c:ue \tortg.ige~ ur the recei~~er may also tike possrssion of, and for these purpos~s usr, any ~nd all {xnou.?1
pro~rty contained in the premises and useel by :1lortgc~dor in the ~ental or lr:?sing thereof or a~y p:?rt thereuf. The ~xpens~~
~inrluding rcrei~•er's fres, cou~uel (ees, cosu and agent's compensation) incurred pursuant to the po~vers her~in cont.~ined sh:ill
t,r srcunY! tierrby. \tortgagee shall (after payment o( al! costs and expenses incurn-~i1 appl~ such rents, issues and prutits re~-ei~ed
L~ it on the indebtedn~~u se:ured hereby in such order as Atortgagee detcrm:nes. The right to ~ntcr :iad take posse-ssiun of said
pruEx rt~•, to managc an~l oper.?te the sune, and to eollect the rents, issues and pro(its th~reof, a•hrther by a recei~•rr or otherwice,
~hall tx cumul:?tive to any other right or remedy hereunder or a[[ordccl by Isw, and may be cx~rcised concurrrntl~~ therewith
or independently thereof. I~tortgiqee shall be liable to account only for such rents, iuues and profits actuslly mri~•ed by Llortgagee.
1~. If the indebtedness s~currd hereby is now or h~rea(ter further secured by chattel mortgages, pledees, contracts of
r - -t
Guu~nty, ~ssignments of l~ases, or other secunt~es, or ii th~ premisrs nereoy rncwuurrru cuu~ini~ ,~.~~a Ya...•.
~torigag~•e iuay at its option exhzust ~ny one or more uf said securities .~nd the security hereunder, or such parcels uf the se. urity
hereundrr, eith~r concurrend}• or independendv, anJ in such order as it ma>• determine.
15. \o delay by \fortgagrc in exercising :?ny risht or retneciy herrunder, or otherwise ~(forded by law, shall opcrate zs a
~vai~•er thereof or preclude the exercise thereof du~ing the continuance of d~(ault hereundrr. \o wai~~er by \iortcagee of any
default sh.ill constitute a wai~~er of or consent to subsequent de(auits.
16. ~Yithout aftecting the liability of any person( other than any prrson relcasecl punuant her~to) for payment of an~• ~
indcbtedness secured hereby, and without a[ferting the priorit}• or extcnt of the lien hereof upon sny property not specificall?
r~ir:ucd piusuant hcrcto, \tortgagce m~y at any tirne and (rotn tim~ to titne, w•ithout noticc and without li~nitation as to at~y
Irgsl riGhi or privilege of ~1ortKaKee: FILED ANO RECORDED
(a) Releasc any Fxrwn liable (or payment of anp indrbtednru secured hereby. $j.LUCiE COUNTr fLA.
IiOCER ?~~TRAS
;b) Exter.d the tisne or agrer tn alter the t~rn~s of p.iymrnt of any of the indebtcdneu. C~EF.K C~~~CV~T COURT
(c) :~ccept additional securih~ of an}- kind. ~~SO~Q RECORO VEF~FIED
y
(d) Reicase any property sccuring the indebtedness. 5 a 12 PN ~~3
{el Consrnt to the cr~ ation o[ any easemrnt on or o~•er the premises or any co~•~nants restri~ tin~se oi occupaney thereof.
17. :1m• a¢rcement hcrca(ter made b}• Aiortgagor and \tortGaeer pursu.~nt to this mortgaee shall b~ superior to the rights
ut the holder of any inten•enirg lien or encumbrsnce.
18. ltortgagor hrrebq waices all ri¢ht of homestead exemption in the property subject to this mortgage.
19. The cocenants and agree?uents herein cont~ined shall bind and the benefiu and adeantages shall inuce to the respectia~e
: _...s_
heirs, executors, ~dmiristrators, successora and assigns oi tRe parties hereco. ~~nerr~•rr usru, ii~c singui.u uuuw_. ~un,.
the plur~l, the plural the singular, and the use of any gender shall be applicable to all genders. All co~•enants, agreements and
undrrtal•ings shall be joint and seceral. In the e~•ent additional numbcred co~~~nants are for concenience inserted in this mortgage
fu'.lowing the Iegal description, such additianal co~•enants shall be read and gia•en effect as thou¢h followin¢ this cocenant in
.-onsecuti~•e order.
_°0. ~ny deficiency in the amount of such aggregate monthly payment shall, unless made guod by the ~fortgagor prior to -
~ the due date of the next such pa~•ment, constitute an e~•ent of default under this mortg~ge. At :~iortgagee's option, Afortgagor will
~ pa~• a"late charge" not exceeding lour per centuin (4%) of any installment when paid inor~ than [i(teen (15) days after the
~ due date thereof to co~•er the e~tra expense in~•oh-ed in handlinq delinquent pa~'ments, but such "late charge" shall not be payable
out of the proreeds of an}• sale made to satisty the indebtecineu secureel hereby, unless such proceeds are suffi:ient to discharge the
F cntire indebtedncu.
~
{ , -
~ ~
, ~n ~~tness ~hereof iF~e yranfor has ca~ued these presents to
~ (CORPORATF, 5 ~:i d. 6 ~~S
~ ex~cule~ in ils name, anc~ its corporate sea~ to he {~ereunto a~~ixe y
a , f' proprr oj~ic~rs tlirreunto ~uly auf{~oriz~cr, t{~P ~a~ anc~ year Jirst a6one u~rilten. ~
~ ~y'. - ' "
~ . ~ `
~ - . C7 : .
~ ~ : . _
ATTE~[':c-~--. Y.s..>~..~_ b . _ _ . AMERICAN HOMFS AND MORTC~AGE, INC.--.---...
~ ~ - •
. t ~ $ccreun
"1 ti ) ' ~ ~ "
. - ; '
~ q~~y[ d' eI' . in l/~~ pr~s~nc~ o~: ~
Si n ~ ~
~ ~ . , . ~
. . , ~
~ . ~ . /
~ ' ~ 3~'_/
-
r ~+s~'~ ~ -Cc:•."2- _ B ~~~.-t.~Ii--.- - -----Vice p~h~d~o~ . .
~ ~ ~ '1 ~
- .
James F. Anderson
. . ~
~
.
>
~ - • - - - -
-
-
~ .
~ S~'ATE nF FIARIDA ~
Ct)l'\Tl' OF ST. LUCIE ~
1 IIERFBY CFRTIFl' ~hat nn thi. div. 1rlore mr. an o(fKrr dulr suthurited in the Slate and CM+nty aforrvid tn nke xknowkdt~nls,
~
~..~.nau. ~pprar~d J~~ F. ANDERSON
" ..ell kno~.p to me '1d:bt tAe V1C@ Frt~~dent a~XX}{}{X}{}{X}{}~X~{}~~{}{}~}~{}{}{}{X respecti~elY o( the caporation na~eed a Sranror
in tl,e fOritSin~-detd., ai~;that ther ~e.enllY scino..ledeed ~arcutin~ ~ht umr in tht prexnce o( two wFncrib~ne witnesses fr~elr and .dunuril~
yAdrr authncity dulY •p~~ad in them Ay .aid curporat~on and that the xal a!li.ed thrre~o is ~he trut torpwat~ xal .J said cw / auon.
- \ESS m~ lrwd ~~nd o(!icial xal in th~ ('~.untr and Sutr Wt aforeu~d this ~jt}l. ~Y .7 LY ~D. 19 73
,1~'~j. : _ , ~
~ : ~ ' ; ;
~ ~/I ~,,j :
- . . : `
. . -
~ -
~ , , / ~ ~,ri _ ~ :
. ~ , _
~_a .
"/'!rr_f dn_~nuq~+~I~1+r~rri~l /~1':
• ' Notary PuDl:c. State ot fbnd~ et La;ge
~ .1:l~Ins~ ' YY Commiss~on Exp~~es Sepl. 1, 1973
~,y: Walter E. Davis
- - THIS INSTRU'-fE•.T Pr~;~,-.i~~f1 8Y - ~
'r` ABSTRACT & TiTi_E CORP OF FLA. nQ p~CE~ ~
205 S. 2N0 ST. FORT PiERCE. FLORIGA ~UIK~VV
- -`=u
r-
~ _ _ - " ~
r~, -
s ~-:a. ,~:mya
_ . _ n _ . . . s. -5..:'?i~;