HomeMy WebLinkAbout5119 l;;. U~ir(ault be m.ide in p~yment, when due, o( any indrbtcduru secur~d hc~rby, or in prrfunu.~nre of an}• of :11ort-
e.~eni: oLlieatiuns. co~enants ut asrecmrnu hereunder:
~a) ~lortti.igre is authorized at ~~y timt, without nuticr, in its s.~ly discrrtian tu ent~r ~~n snd take pouessi.m u( thr
prrmises or an~• µirt ?he~cwf, to perfurm any acts 1liortgagee deems nrcrssary or proper tu cot~se~•e the security and to collect
and recei~•r al) rents, iuues and proEib thereof, including those past due ~s M•rll as those acrruing there:?(ter, and
~b) \turtgagre shall be entitl~d, zs a tnatter of strict righl :uid wilhout reqard w the ~•.~lu~ o~ occupancy of th~ securit~•,
tu ha~~r a recei~er ~p~inted to rnter upon and take posseuion of the premises, callert the rrnts and proEits therefrmn Znd apph
Air same as the court ~u.?y direct, wch recei~•er to ha~•~ all the rights and powecs prnr.itt~d und~r the laws of Florida.
In eithrr such cas~ \ioreg.+eee or the rrcei~•er may also take possession of, ar.d fur thcar purEwses use, any a~J all persou:+l
pruperty contsinrl in thc prcmises and usetl by \fortg~gor in the rrntal ur le:uing ~hrreuf or any part then~f. The rr~x~nsr
, inrludiiig recric~r's fres, cu~nsrl (ees, costs and agent's compensationl i~cw~ca pursu:uit to the ~wwers herein i•ont.~ined sh:~ll
1~ secunYl hereby. ~lortgagee shall ~aft~r {u>~nent of all costs artd rxpr~u~s in.urredl apph• surh rents, issues and p:ofits recei~ed
Ly~ it un the indebtedness secured h~reby in such order as \lortgagee det~rminrs. Thr riFht to enter ~nd take {wssrss[on of z~id
proprrt}•, te , e ~er~ operate the s~.~.P, t~? coll~ct th~ r~nts, iccues aod profiu tk.creof. whrther bv a recri~•cr or othrrwice,
.hall be cumul~ti~•e to any other right or remce~y hereunder or afforded by l:?w. :uict m:?y be rxercised concurrrntl~ thrreN•ith
~~r independentlp therrof. \tortgaQce shall be liable to account only for such rrnts, issu~s and profits artuslly received by :11ort3~ger.
14. Ii the indebtedness se~-urecl hereby is now or hrreaftcr [urther SCl4Tfd b\ ch:?ttel mo:tgages, plrciKes, contracts o(
Guar:inty, :usignmrnts of leases, or other securitirs, or if the premisrs hereby encumlx~rrd consists of more than one parcel.
\iurtgac~•e ~n.+y at its option e~hiust any one or more uf said securities and thr securit~ h~reuni?er, or wch parcels of the xcurih
hcreunder, either concurrentl}• or inclependendy, an~l in such order .~s it a~.iy detertuine.
IS. \o dela~' by ~iortc•tSi•e in ~•xerciiine any rigF~t or rrmeciq h~rruuder, or otl?rrwiir. uf(orded by I.~w, shall o~-rate is :i
~..~i~~er thereof or preclud~ the rxercise thereo[ durinq the continu:mce ot am• d~f~ult hereunder. _~o wai~er by \ion~agee of _+uy
drfault sh:~ll constitute a~.-aiccr of or conse~~t to subseyuent defzults. .
16. ~~ithout affrcting th~ liability of any person( othet than any person rcleased pursu.?nt hrretu) for payment oE any
indeLtedness securr.i hereby, and ~.•ithuut affc~:ting the prioritp or extent of the lien herco( u}wn any properry not sp~cifically '
r~•le:ucd pursuant heretu, \tortgagce tnay at any time and fro~n ti~l~r to titne, without r~or'cr and ~v~thout limitation as to an~~
].~gal right or pria~ilcge of \lur:gaecr: FILEO J?NO ~ECOROEO
(a1 Release any persen liable for p~i~ment ~f any indebtcdness secured henb.• ST.lUC1E COUNTY FlA-
ROCER POITRAS
(b} Ertend the time ~r agrce to .~iter ~i~e trr~i~-s ~f ~..T~i~t°+~t uf a~~> ~f th~ ::~::c`:.t«ne~. ~;.;;,~;j ~,~~,l~lT
(c) Acrept additional sccurity of :,~p kind. ~~~nC~ - RECORD YEk F~EO~ ~
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(d) Relcase an~' propert~ securinG the indebtedness. ~~u ~ ~ 4(` ~y ~~3 }
(e? Consent to the creatiun of any easrmrnt on or o~•~r the premis~s or ~ny co~~ena.^.t; restri~ ting use~'occupancy thereof.
1:. :~ny agrcement hercafser made by ~tortgigor and \lo~tg.~eee pursi~.~nt to th~~ ~evur:gace shall be superior to th~ righu
.~f thc holder of any inten~eninS lien or encumbrance.
18. ~1ortKagor hercb}• wai~es all right of homestead exernption in thr property subject to this n~ortgagr.
19. The co~enants and agreements herein containecl sh:ill bind :m~l the benefits and adti•antages shall inure to the r~spectice
hrirs, e~ecutocs, administr itors, succeuors and assigns uf the p:?rtirs hrreto. ~~'hrre~•er used, the singular numb.r shall indude
~he plurzl, the plural the singular, and the use of any geiider shall be applicable to ~II Krnciers. All coaenants, agreements and
iu~clrrtal-inqs shall be joint and srrcraL In the e~•ent additional uwnbered iovenants are fui com•enience inserted in this mortgagc
fullowing the legal description, such addition3l coa•enants shall be rr.id and given effect as though rollowing this co~•enant iu
~ onsecutia•e order_
i 20. Any deficiency in the amount of such aggregate monthly p.?ptucnt shall; unlcss n:adc g~wd by the 111ortgagor prior to
~ the due c:ate of the ne~t such paymrnt, constitute an e~•ent o( dcfault under this mortgzg~. :1t Jiortgagee's option, Tiortgagor wi(t
~ pay a"late charge" not excceding four per eentum (4~ic ) of any instsllneer~t whe : paid more than fiiteen (15 j days aiter thc
~ ~lue date thereof to cocer the extra expense inroh•ed in h:u~dlinK delinyuent pavments, but sach "(zte charge" shall not F•~ r,ayabl~
p ~~ut of the proc-reds of am• sale made to satisfy the inde~tedness secured herrb}-, unleu such prexeeds are su(iicient to discharge the
' cutire indebteJncss.
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. ~ ~n ~titnoee ~IhorPnf !~n nrnnlnr ~Ilc !'A~lSP~ ~lIPSP PfeSP?lIS ~O I
Z~ (CORPORATB SE~1 . r~~ w~~~~~~~ u..~...
; i • b~ executed in ifs name, and its corporate sea~ to 6e ~ereunto a(~ix~c1, 6y its
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I L) proprr vj~ir~rs I~u~rpunfo t~ttlp aull~oriz~c~. (~P c~up anc~ yPar J175~ a~O1+P LL~/tIIP?1.
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' A1'~~'~ " ? - - - _ AMERZCAN HOMFS AND MOliZY',AGE, INC..--
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~ % Jame~ F. Anderson Vice p
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s= ~ ST~:~TF. (~F FIARIOA l
v,'-; Cc ~l'~z~l' t)t ST. LUCIE )
i HERF:BY C.FRTIFY ~hwt ~~n thi. Mf•~r~ m~. an ofLc~r dulr au~h~rire~l in ~ht Sut~ and Couay afnr~v:d to take xknowltdsmrnb,
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~AMES F. ANDERSOI3
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rrspr.c~ic~ly of the c«pe.ratioa named at ~antor '
w~tl ?n~~w.M sF` my~ in_ bt; 1~ ulCE P~e.ide~t a~{}(}(}(~{}(}(}(}(}(}(}~}{}(X}{}{}{}(}Q(}(S{~{
_ r~i .tf+t •iorrR~,;nZ deed~ te}d. ~hat tl+~v .t.eratlr ~c?r.o.+k(lqe~ ~arcu~:ne s+•nt en ~1~~ PRxnce oi t.s~ subxribin~ witnnxa IreelT and roluntanlr
= pa.kt:~iAen~r dulr .f~ted ~a them b• ~a~d c.~ryonuun and thi~ th~ xal ait~~ed thereto is tbe trw_ corpurat~ xil ~d said cor ~
~ Sth. Janu . ~97
z~ - N'li XES$ mv hawd _and o(li~~al w~l :n th~ ('.~ur,ts and Siate la+t a(a~tv~d tAis
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~/'/rts lu~lntr~i~-~t! fjrc~±uri~J 1~~~: ~ hiatay Public. SUte oi Florid~ et Larg~
~ t;cimm ss~~n EwOi~?s Sept. 2, 197a
_ .~1,/c/rr_~ie IN3TRUME+1T ~A~-, QY: Walter E. Davis ~
' A[3STFt~~:; & i ITI.[ C.QRP OF FI_A
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