HomeMy WebLinkAbout5114 13. U de(ault tx tnade in pay~uent, when due, o( sny indebtcdnrss ~ecured herrby, or in pr~furm.in.e o[ ~i~}~ uf ~1cxt-
,iror's obligatiuns, co~•~~ants ot ag~eemenu hcrrunder:
{a! ~lortgagee is authotizcd at any time, without nutice, in its wl~ dis.rction to rnter uEwn and take pouession of thr
prcinisrs or any pa~t thercof, to per(orm any acts Atortgagee deems necrssary o~ proFxr to ronsen•e the security and to coll~ct
.~nd rec~ive aU renb, issuh and proEits thereof, including those µ?st due as well as thos~ aceruing thereafter, and
(bl \iortKagee shall tx ~ntitlyd, as a matter of strict right and ~~ithuut regard to the v:du~ or occupancy of thr xcurit~•,
tu ha~~ .i receiv~r apFwintc~l to rnter upun and take posseuion o! the premises, collect the rents anJ profits therelrom .~sd ap~~l~~
the same as the court R~ay Uilect, aucn recei~•er to na~~e aii irte rigi?ts anci ~x~wrrs prnniiiru u»urr ii~c iswa ui iiu~iua.
In either such c:ue \tortg.igee or the receive~ may also t:ike Wssession uf, a~d for these purEwses usr, 311)' :~fl(I :III ~f'fSUf1.lI
pruE~crty containe~l i~ the premisrs and usni by Afottg~gor in the rc•ntal or Icasiug thcrro[ or ~ny p~rt thcrruf. Thr ~xprnsr
~inrludiuK rrcric~r's fees, cuuiu~l fees, costs and agent's cu~nprnsatiun) incurred pursu:int tu the powers hrrein ~o~~t.~inctil shall
t,e serurecl hrrrb~•. ~to~tgagee shaU (a(ter payment of all cosu and rxpc•nses incurred) apply su~h rents, iuu~s and profits re.eiced
by it on the ind~btedm~u securc~! hereby in such order as ~tortg.?gee determin~t. The riGht tu rnt~r :~nd t.~ke poss~•uion of s.~i~!
pruperty, to managr and operate the sa~ne, and to tollect the rrnts, issucs a~d profiu thereof, whrther by a recri~•cr or otherwisr,
shall br. cumul~ti~•e to am• other right or remedp h~reunder or a!(orded by law, and may be ~xercisecl conrurrently therewith
or ind~pendently thcreof. I?tort~agee shall be liable to account only for such rents, issues and profits actuslly rerei~•ed b?• !1lortgaGrr.
14. If the indebt~dness SffUfCl~ herebp is now or h~rea[ter (urther serured by chattel mortgaqa, pledges, contracts of
1;udtdllty. .w~guRicni~ ui ic.aaq. vi ~ii~ai aa~ul~iiiS. ~l .u• ~.:i~.uatb -cu. .u..uu..n...: ..,.u.~.+ ....e i:.::.c~.
\fortgaQre ~nay at its optioti exhaust any one or more of said securities ind the srcurity hereunder, or wch parcels uf the se: uritq
hereundrr, rither concurrenti}• ur independently, ~nd in wch order as it m:~y detennin~.
15. \o dela}• by \fortGage-c in exercisin¢ any right ot retnedq herrunder, or oth~r~~•ise a(lorded by lah•, shall oper~te .is
H~.~i~•er thc•rro[ or preclude the rxercise thereot during the continuance of any default hereunder. \o w:ii~er L~• \tort~:tqre oE a:~~•
def.~ult sha? constitute a wai~-er of oc consent to subsequrnt deflults.
16. 11'ithout af[~cting th~ liabilitp of any person( other than ~ny person relezsecl pursuant heretui for pay~nent of any
indi•btedness secured hereby, and ~•ithout affecting the priority or extent o( tt~e lien hereof upon any property not specifi~~illy
rclr.ucd pursuant hercto, ~tortgagce ma~• at any ti~ne and Iro~n ti~ne to time, ~ithout noticr and without limitation as t~~ an~-
tegal ri~ht or pri~•ilege of \1orc~.~Kce:
a) Relcase an rson liable for f1~EO AMQ P~CQ~~~~
( y pe payment of any indrbtcdness sccured hcreby. fT•~UCIE COUMtY
(b) Eztend the time or a~rre to ~lter the t~nns of payment uf :?ny of the intiebtedness. ROCE~ POITRASj `
c~EAK c:.:cu~T couRt
{cl Acccpt additional security of an?• kind. RECORD VEP'F~E~
;dl Relcase any propert~• securing the indebte~urss. ~ y505O ~u
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'I (e? Consent to the creation o( an~ easement on or o~~~r the premises or an~ co~•enants restric~us or occupa~uy thereof.
i 17. :~ny :~greement herca[ter made b}• :ltortgagor and \tortgagee pursu.int to this ~nortg:a~r shall be suFxrior to tht rights
€ uf thc hulder of any inter~~cning lien or cncumbranc~.
i IS_ Jfortgagor hereb}• wai~'es all right of humcstead excmption in the propert~• subject to this mortgage.
~ 19. The co~•enants and agreements herein contained shall binJ and the benefits and ad~•a~tages shall inure to the respecti~•e
~ + • .L' " t__'._ 7~•L"""" "".1 aL_ _'~~.1.._ _...~_l,_~ ~1..11 :....1...~..
Ilt'IfS. CXCIU(ll[1~ .tU1~11~1/)it.lilll)~ ~utlt'iJl~t) a1~U a~»~s~a~ vi al~t ~/.iaa~~~ ~aa~~a~. •.aa~~~~~• uatu~ •a~~. a~~~bu~us •au~~~v.• a.~u~• •.a..uv~
the plur.~l, the plural the singular, and the use 'of any gender shail be applicable to all genders. All co~•enants, agrecmcnu and
undertalings shall br joint and se~•~ral. In the event additional numberccl co~~euants are for com•enirnce inserted in this mortgage
follo~ving the legal description, such additional co~•enants shall be read and qicen rf(ect as though folluwing tl~is co~•rnant in
~ .onsecuti~~e order.
20. Any deficiency in the amount of such aggregate monthly p~yment shall, unless made good by the 111ortgagor prior to
the due date of the next such pa~~ment, constitute an e~•rnt of default under this mortgage_ At \fortgagee's option, Mortgagor will
pay a`9ate charge" not exceeding [our per centum (4`i'c ) of an} instalhnent when paid more than fifteen (15 ) day-s after the
due date thereuf to cocer the extra expense im•oh•ed in handling drlinquent pa}ments, but such "late charg~' shall not be Rayabl~
out o[ the proceeds of any sale made to satisfy the indebteclness secured herebp. unless such proceecls are sufficient to dixharge the
entire indebtedn~ss.
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.~ORPORATE SEAL) ~rc ~~tness hereo the granlor ~ns causec~ f~iese prpsents fo
• ~ ~ ~ f~e executec~ in ifs name, antj its corporate sea~ to ~e ~ereunto a~~ixetl. 6y its
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~ . prop~r o~~ICP~S ~~IP?Ptl?1~0 ~U~) lIU~~O~I~~d. rh~ d~. ancl year ~irst aE~oi~e u~ritfen.
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AMERICAN NOMES AND MORTGAGE, I
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Jam~s F. Anderson Vice P*nid~nt
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~ S7'ATE nF F'IARIGA
~ COl'\Tl' OF ST. I.UCIE ~
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z 1 HF.REBI' CFRTIFI' ~h~t ~.n thic da., tKG~r~ m~. an offic~r dulr au~horir~d i~ the Sute and Couotr aforssaid t~ tale xlrK.rledem.ma,
~~..,,,,u. ,p~~.~a JAMFS F. ANDERSON
.+ell ?nnrn to me to Ae ~he V1Ce f're~id~nt7~~CXXXXXXXXXXXXXXXXXXXXXXXre.pacti.elr o( the caporation ~umed u Srantor
~~a m tht foree.nnS dted. ~od tAat thtv .r.~nllY adnowledted eaecu~in~ ~he aame in the pnxnce of two whscribinr ..i~nesiea (nrl7 and vdun~arily
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~ uarkc +.~t¢on~r duir ~tskd in ~hem by vid curporaUun and ~hat thr xal affiard ~hereto is the trut corpuntr xal al said-Frporsl: .
? .~I'ITXF.35 .t~~ tqnd. and o((~cial val ~n the C~~uotr and Sut~ last a(cxev~d this ~jt}l. aat of , J ~ary A. L~i 19 ~]3
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O~~flc Itt,slr:t41~~!'~rrp[1~ii~ Notary Pu^iic, S!ate nt Flo•.da at larq~ '
~/.'6 ?Iy Ccm~n;ss-on Eap:res Sept. 1. 1973
:~h ..K INS?RUMF"~7 pqcc..,~.~ Walter E. Davis
~ ABSTRACT & Ti;'_~ (,C~-~n p=
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ZO8 6. 2ND 97. FOrZT P~ERCE. FLOR~p/+ tI ~ /U~ ~1t /~O~
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