HomeMy WebLinkAbout1393 I3. II de(ault be aiade ia paytaent, whcn due, of any indcbtedneu aecured hereby, or in prr[oraiam-e oI ai~y of I~iort-
gegur's obligations. co~•cnrnts or ag~eements heceunde~:
(a) I~tortgsgee is authurue~ at any time, without notice, i~ its sole discretion to enter u{wn and take poascuion uI the
preinises o~ any pa~t thrreot, to per[orm anr acq I?tortgaaee deenv nccrsurY or p~~~r to -o~.se~ve the xcurity snd tu collect
ard recei~•e all rents, issues and protib thereot, including ihose p,ut due as well as those acc~uina thereafte~. and
(b) \iortgaget shaU be entiUed, as a matte~ o[ stric~ rigbt a~d witho~t regard to the ~alur or occupancy ot the security,
to ha~•e a recei~•er appointed to ent« upon and take posseuion of the ptemiies, collect the ~ents and prutits therc(rom and a~lp
the ~ne as the court may direct, such receiver to have aU t!?e rights aud powtrs permitted unde~ the I~ws o[ Fbrida.
In eith~r such case 111ortgagee or the receiver may also take posseuion of, and (u~ th+~se purpuses use, any and all personal
property contained in the preinises and used by 111ortgago~ in the ren:al or leasing th~rcof ur aay p~~t thc~eof. The expensc
(including receivei s[res, counsel (ees. costs and agent's compe~~sation) incurred punu_int L '~MYtS herein cootained shaU
t,e secured hereby. I?tortgagee shall (a(ter p~yment o[ all cosu and expenses incurredl apply -nts, issues and profits rcrei~•eJ
by it on the irtdcbtecineYS secured herrby in such order as Mortgagee determit?es. The riqh nte~ and wke poss~ssion of said
prop~~ty, to manage and operate the same, a.?d to collect the nnts. issua and profits theree. ~ether by d fKt1Yf~ Of O1FIffNltf,
shaU be cumulative to sny other right o~ remedy hereunde~ or afforded by taw, and mar be excrcisec! concu~r~ntly therewith
or independently thcrr~f. Mortgagee shall be liable to account anlp for such renu, is~ues and pra(its actuallr recei~•ed by 1ltongagee.
14. lt thr indebtedness secured hereby is now or hercafter (urthe~ secured by chattel mortvages, pledges, contracts of .
guaranty, assignmenu ot lea~a, or oth~r securitin, or i( the prenuscs h~reby encumtxred cor?sists o[ more than one par:el,
:~furtgagee ~nay at ies option exhaust any one or more o( said securities and the aecurity hereunder, or such parcels o( the secu~ity
hereunder. eithe~ concurrently or independently, and in such order as it may detennine.
IS. No delay by \iortgagee in exercising any right or remedy hercunder, or utherwise af(ordccl by law, shall operate u a
Nai~•e~ .chereof or preclude the exercise thereof durirtg the continuance of a~y default hereunder. Ko waice~ by ~iortgagee of ar?~
default shall constitute a waiver of or coruent to subsequent defaults.
16. ~Y'sthout a[fecting the liability of any penon( other than a~y p~rson rrl~ascd punu~nt hereto) [o~ pay~ncnt o[ any
indrbtedness secureci hereby, aod without affecting the priority or extent nf the lien hercot upor any prope~ty not speci~call~
released punuant hercto, Mortgagee may at any timo and from time to tim~, without rtotice and without iimitation as to any
Irgal right or pri~•ilcge of 1ltortgagee:
la) Relcase any person liable for payment of any indebted~ess securcd hcreby.
{b) Ext~ad the time or agree to alter tho ternu o[ payment of any of the indebttdness_
(c) Accept additional securiry of any kind.
(d) Release any propert~ ucuring the indebtednux `
(e) Conunt to the creation of any easement on or over the pz~mis~s or any coa•enants restricEing use or occupancy thercof.
17_ Any 3greement hereaft~~ made by 111ortgagor and \tortgage~ pursuant to this mortgage shall be superior to the rights
of th~ holder ot any inten-ening lien or encumbrance.
18. 111ortgagon c~rcby wai~•es aU right. oi homatead exemption in the property subjett to thu rtwrtgage.
19. The co~•~nants and agre~ments herein contained shall bind and the br~iefiu and ad~~antagu shall inure to the rapecti~•e
h~in, executon, administrators, succusoa and assigns of the parties hercto. ~Vhere~•er used, the singular numb~r sha11 include
the plural, the plural the singular. and the use of any gender shall be applicabic to all genders. All co~•enanu, agre~ments and
undertakings shall be j^int and scveral. In the evtnt additional numbered covenants are for cum•enience inserted in this mortgage
tolbwing the legal description, such additional covenants shall be read and gi~•en effect as though lollowing this coeenant i~
consecutia•e otder.
20. Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the 1lfortgagor prior to
the due date of the ne~ct such pa~zneat, constitute an event of default under this mortgage. At ~tortgagee s option, Mortgagor will
i pay a"late charge' rat e:ceeding tour per crntum (4g'o) oE any installmrnt when paid more than Ctteen (15) days after the
due date thereoE to cover the extra upense invohed in handling delinquent payments, but such "late charge" shall not be payabk
j out of the proceeds of any sale made to satisfy the ir.debtedness sec~red hereby. unless such procceda are su[ticirnt to discharge the
~ eatire indebtedness.
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~ ~OORPOR.l7.E SEAL~ ;n ~itness ~IIQ~~ the grantor has caused these.pres~nts_,!o
( ~e execuiec~ in ifs.name, and ils corporate sea~ to ~ie hereur~tA, ~~i~ jts~•,
I proper o~jicprs lF~ereunfo cluly autl~orizecl, the day and year ~i ~~~0writteR.~ (
E . , - ~ .1 ' . ; P _ O ~ i
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~ ATTESTs:' t =~--l~-~~-~--- - ~ ~ •
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- - AMERI_C3~IJ._ HOMFS._AND ~ C. : :
- - _ . r'14 ~_.s~?__-~-~_ =
; Verna l~n~ers n -
~ ~ & Treas. ~~:c ~
~ $igned, eal an ive ed n ! e presence of : ~ .
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~ - - • - . - - BY-...--••----~ . - -
William A. And rson.. "tr~
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~ STATE QF FIARIDA 1 =
4 Cc)L':~TY OF ST. LUCIE ~ `
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1 IIEREBY CERTIFY t6at nn ~hn da~. be(ore me, an olfr~r dul~ auilwr~ed i~ the S~+te aad Couay aforesaid to nke xlwowkd~~e~u,
t
a.,..~u~ :ay~~aAed_
~ i~#.llia~ A. Anderson and Verna L. Anderson
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~ .~eN Sip..n co me eo be ~Le Presidenc aad SC~reta:-y & Treasurer mpecci.ey d che cupo.aiio~ oased a~ ~tor
~ ,M!'t~.fR«RuinS~~.,aed?~at thc~ +e~tnU~ xknoskd!tc3 esrcutiwt tAe ~me ia tLe pre~r~ce of t~o aahsrribiy~ witwrs fr[el~ awd ~ol~etarily -
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u~dcr aatboritr'd01~ seSSa~ i~ t6cw bp u:d coryorstioa aod that tbe sea! a(fiaed tben~o is tbe ane oorpora4 fa) ol ~aid corporation_
~ ~ r~ ~ 21st. d, Februa 73
..~/~~E$S st -If nd a~C olfi~ial ual i~ ~be Couot~ :~d Sn~e :ast aforesaid tAo l of ~ , A. D_ 19
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c,u pnpnac/ hy: Y~ _ +~r Puo~c. State of flonda at l~rp ,
~ !~[~tf/!'SS-` ~ 1,lU? I It; 3o aN t3 ~~ORI(Ottiiql fJt~1f2S $!pt• 1. i973 ,
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