HomeMy WebLinkAbout0093 13. 1[ detault be msde ia payment, whw due~ ot aay indebtedncea secured hercby~ or in periormance ot any o[ Mort-
gaaor's obli~ationi, rnvenana or aareements heccuader:
(a) Mortgagee is authorised at aay time, without notice. in ita wle diacretion to enter upoa and take {ws~cuion of the
premises or aar pact ther~of, to pedorm aar ua Mortgagee deem~ neces~ary or prope~ ta conu~ve the security and to co!lect
and recave all renq, issua wd protiti t6ereof, indudins thae past due as weU a~ thwe ucruina thereatter, and
(b) Morega6ee sball be entided, a~ a matte~ o[ ~trict right and without regard to the ~•alue or occupancy of the security,
to have a receiver appointed to ente~ upon and take postaaion ot the premisa. coltect the rents and proGb :.~-aefmm snd apply
the same as the court may dirett, wch raeiver to have all the righb and powen permitted under the lawt of Florida.
In cither such caae Mortgagee or the receiver may al~o ta1~e pomession of, and tor thae purposes use. any and all penonal
property oontaincd in the premiia and used by Mortgagor in tbe rental or leasing thereof or any part thereof. The expense
(ioduding receiver s ka, couasel [ees, costa aad asent's compen~ation) iacuned punuant to the powers herein contained shall
be aecured hereby. Morcgagee shall (ateer paywenc of ali coaa and eapenses incurred) apply such nnts, iuua and proCts received
by it oa t!?e indebtedness secured henby in iuch order as Mortgagee detecmina. The right to eater and take paueuion of ssid
pmperty, to manage and operate the tame, aad to collect the rents, issues a~d pro(ip thereof, whether bp a receiver or otherwiu,
shaU be cumuladve to any other right or remedr henunder or af(ocded by law, and may be eacercised concurrently thetewith
or independentty thereof. Mortgagee shaU be 4able to account or?lr foc such renb. issua and pro(ib actualtr ceteivcd by Mortgagee.
14. IE the indebtedaw secured hereby ia now or herea[ter turther aecured by chattd mortgaga, pledga, contracb o(
guuanty, auignmrnts of leaaa, or other ~ccuritia, or if the premises hereby encumbered consisb of more thart one parcel, ;
Mortgagee ma~- at ib option exhaust aar one or more of said securitia aad the security 6ereunder. or such parceb nt the security
hereunder, either rnncurrrndy or independentlr, and in such order as it cwy deteraiine.
15. No delay by Mortgagee in e:ercising any right or remedy hereunder, or otherwise afforded by law, shall operate a~ a
waiva thereof or preclude the exercise thereof during the condnuaace of any default henunder. No waia~er br Mortgagee of any
deiault ~hall constitute a waiver of or consent to subsequent defaults.
16. Without af[ecting the liability of any pecson( ot6er than any penon rel~ased punuant hereto) for payment ot any
indebtednm secured her~by. aad without affecting the prioritr or actmt of the lien hercof upon anr proputr not specitically
released pursuant hereto, Mortgagee may at any time and from time to time, without notice and without limitadon as to any
Icgal rig6t or privilege of Mortgagee: F lE0 AMO RECORDEO
(a) Rdease aay person liable for payment of any indebtcdnw securcd 6enby. s~. LUCIE GOUMTY FIA.
NOCER POITRAS
(b) Extend t6e time or agree to altv the ternu of payment of any o[ the indebtedness. ClEIIK CIRCi1ii COU~T
RECORO YERIFIfO
(c) Accept ad~LOO~ ~,~ti oE ~,y ~d. 244143
(d) Releax any pmperty securing the indebtcdnm. i 3~ PN
(e) Consent to the creation of any easement on or over the premises or any covenants restricting use or occupancy thereof.
17. Aay agreement herea[ter made by Mortgagor and Mortgagee punuant to this mortgage shall be superior to the righu
of the holder of any intervening lien or encumbrance.
IS. Mortgagor hercby waives all right ot homatead e:emption in the property subject to this mortgage.
19. The covenanb and :greemeats herein contained shall bind and the benetits and advantages a6a11 inure to the respective
hein, ezecuton, administraton, succeswn and assigns of the parties hercto. Whvever used, the dngulu number shall iaclude
the plural, the plural the dngular, and the uie of any grnder shall be applicable to all genden. AU oovenants, agrecments and
j uadertakings shaU be joint and several. In the event additional numbered covenants are for convenience inxrted ia this mortgage
j folbwing the legal dacription, such additional covenwts shall be rcad and given effect as though following this rnvmant in
consecutive ordv.
( 20. Any dJcimcy ia the amount of such aggregate monthly payment shall, unleu made good bp the Mortgagor prior to ~
° the due date of the nact sucb payment, oomtitute aa evmt of detault under this mortga6a At Mortgagee's option, Mortgagor will
~ pay a"late chuge" not acceeding four per centum (4%) of any imtallment when paid mon thau fdteen (IS) days aftu t6e
j due date thereof to oover the extra ezpenae mvolved in handling ddinquent paymrnb, but such "late charge" shall nr! be payabk
~ out ot the proceeds of any sale made to satisty tLe indebtcdnas secured 6ereby, unlas such proceeds are suf~cient to discharge the
entire indebtednas.
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~ y- ln W ss ~hereof the granfor ~as caused t~ese presents to
:(~R~Q~ SEAL~ ? 6e exec its nnme, nnd its corpornle seal to be 1?ereunlo a~jixec~, by its
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i ~ y J,v',,' ~j ~ ic~r~thereunto duly aulhorized, the c~ay anc~ yenr ~irst a6ove u~rilfen.
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s ATT~S?~o,H!~t'.••' ~1MERICAN HOMES AND MORTGAGE INC.
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~ Treas~i~er
$igne~ d deli r in e,presence of : ~ _
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EQ.Al1~; ~ CpaDEO By----•~ - - -
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~~LUC1E ~b~NT~ fLA. Wi liam A. Anderson
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_ aF.C~R~ Y£~~~i~^....~~..~~.. 24S"7'79
~ STATE OF FIARID~ 1~ P{~~7~
COLNTY OF ST. LUCIE r~ ~ -
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1 HEREBY CERTIFY that nn this da~, before me, an officer dul~ autlwri:ed ia tAe Sute and Coun~ aforesaid to take ackoowkdRmrau,
~ personallT appeafed
ifT1~SAM A. Ah'DEI~ON and NERI~? L. ANDERSON
" ~.ell kao..n t~ ye !o: bt. ttit Pmident aad $QC~Y and Treasurer rcspec~ivel~ d t6e corporatio~ aamed n srutor
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,y' in ~he tore~a~t-dted- tk~t tl~el severallY acknovrkdted e~ecuan; t6e same ia tbe prr~eece of two wbxribiwS witaeaes frcel~ awd voluntuilr
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und~r~ auFl~~r ~ulp,~lstcd in t6em~bi said corpwalion asd thst tht m) sf(irzed t6ereto is the uue corporatt seal d aaid c ~ w. . ~
? ~ LVI7'\E5S Jvn~d"-aed a!(jrial sral is the Count~ and Statc Wt aforesa~d t6is 8~1. da~ o( Novembe , A. . 19 7
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~;~T~:Iruirrune,ri ~r~ by~ ~ ~AG~ ~ ~ ~,~re. a~t. ee no~ea a ~
~ .'rt? (L; ~~•C~~~ M~r Comm~ss:on Eaares Sert. 1. 1973 4
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~Talter E. Davis
~ ~ ~~N~TRUMENT PREPARCO BY:
; "A86TRACT d~ TITLE CORP. OF FLA.
2US S. 2ND 6T. FORT PIERCE. FLARIDA _
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