HomeMy WebLinkAbout1648 13. I( default tx aiade ia paymcnt, when due, o( any iodebttclneu secured hereby, o~ in ptfforinanre of anp ot Afort-
gagor i obliz itions, rn~•er.~nts o~ aarecinenu hereundtr:
(a) \fortgagee is autAoristd at anr tiinr~ witltout notice. ia its sole discretian to enttr apon and take possessiun ot tAe
preinisa or any part tbcrrof, to pcdcrw any acb I?tort~a~ee deec~u necruary or proart to conunrc th~ sec~•rity snd to collect
and recei~•c all ~cnta, iuuea and p~ofib thereof, including those past due as weU as those acc~uing thereatter, and
(b) I~tortgagee shaU be er.titled. as a matte~ ot strict right a~d without rcgard to the value or occupaacy u( the srcurity,
to ha~•e s rcceivc~ appointnl to ente~ upoa and t~ke possession o! the prc~nises~ co![ect the rehts and proCts thetclrom and apph~
the saine ss the court may direct, such recei~•er ta ha~r all tht ~ighu arid pc~wcn permitted under the laws of tb~ida.
In eithe~ such case 1lfoctgagee or the ~ecei~•e~ mar also rake posuuion of, and for thae purposa use. any and all personal
property containtd ia thc pre~nises and used by rtoctgagor ut the reotal o~ leuir.g thcrcof or any part thercoL The e<~*_nsc
(including receiver's (ees, counsel fees, costs a~d agenPs coa~pcnsation} incurred punuant to the pow~ers herein contained s.~aJl
tx srcured hercby. I~fortgagee shap (aite~ payment of all cosu and expcnses incurndj appty suce ~ents, issurs aad profits rcceicec!
by it on the in~tebtednrss sccurrd herebr in such o_ :tr as :1lortgagee dciermines. The right to enter and take poucssion ot said
property. to manage and uperate the samr~ and ta collect the nnts, issua and pro(iu thcreot, wh:the~ by a recei~cr or otherwise,
shall be cumulatite to anq othe~ right or temedy hereund« or aftorcled by law. and msy be exercise~! concurrrntiy the~ewith
or indepencienily thercof. I~tortgagcY shall be Gable to account only for surh rents, issua and profits artually recei~•ed by riortgagea
1~4. It the :ndebtedness secu~ed Ae~eby is ~ww or hercafter fu~ther secured br chattel mortgaga, ~l~g~, contracq oI
guaranty, assignmenu of leases, ot other securities, or if the premises hereby encumbered consists of more th~n one parcel,
~tortgagee ~nay at its option exhaust any one or more of said securities a~d the xcurity herrurtdcr, or such pa~ceit uf eho securit~
hereunder, ~ithe~ concuaently or in~lependontiy, and in such order as it may determine.
15. l~o delay by \iortgagee i~ exercisi~g any right o~ remedy h~reurtder, or otherwise attordcd by IaN•, shall operate :u a
Maiver th~reo( or predude the cxercise thcreof during the continuance of any de[ault hereu~der. I~o wai~•er by I?fortg~gce of any
default shall constitute a wai~•e~ of or consent to subsequrnt defaults.
16. ~Yithaut a(Eecting the !iability of anr person( other than any person rcleau~ci pu~suant hor~to) for payment o[ any
indebtcdnas secun~d hereby. and without affecting the prioritr or extent o[ the lien hereo[ upon any propetty not specifically
released pursuant hereto, 1?fortgagee may at a~y time and_ irom time to time, without notice and without limitation u to any
legal right or pri~•ilege o! bfortgagee:
(a) Release any person liabte for payment of any indrbtedness secured hereby.
{b) Eatend the time or agree to alter the terms oE payment of any ot the indebtednas.
(e) Accept additional security of any kind.
(d) Release a~y property securi~g the indebtedncss_
(e) Conxnt to the creation of any easrmrnt on or o~•er the prcmius or any co~enants restricting use or occupancy thereo[.
17. Any agreement hereafter made by 1liartgagor and ~tortgagee punuant to thu mortgage shall be supe~ior to the righu
~f the ho[der of any inte~•ening lien ot encumbrance.
18. 1lfortgagor hereby waiea atl tight o( hom~stead exemption i~ the property subject to this mortgage_
19. The co~•rnanu and agreemrnts herein contained shali bind and the braefits and ad~•antagu shall inure to the respteti~•e ~
heirs, executon, ad~nistraton, succasoa and assigns of the parties hereto_ ~Yhere~~er used. the singular numbtr shall include
the plural, the ptural the singular, and the use of any gender shall be applicadle to al! genden. Al! covena~ts, agrtemenu and
und~rtakinQS shall be joint and se~~eral. In the event addit:onal numbered covenanu art [or convenience insertcd in this mortgage
following the legal description, such additional covenants shap be read 3nd giren effect as though following this covenant in
consecutive ordrr.
20. Any deficieacy in the auwunt of such aggregate montnly payment shall, unless made good by the 1ltortgagor prior to ~
the due date of the next such payment, constitute an evtnt of dcfault under this mortgage. At 1liortqageds option, Mortgagor rrill
pay a"late charge' not exceeding [~ur per centum (4°!0) of ~ny i~stallment when paid more t6a~ ~fteen (t5) days a[ter the
due date thereof to cover the extra ezperese invohed in handling delinquent payr~ents, but such "late charge" shall not be payable
out of t!?e proceeds ot any sale made to satis(y the indebtedn~ss sxured hereby, unless such proceeds are sufCcient to discharge the
entire indebtedness_
~ ICORPORATE SEAL) ~n ~~t~~ ~hereof t?~e gmntor has caused Elue's~ ~~s s' tq
t be execuied in its name, and its corporafe seal to be here~-h~i ~~its'•:
propPr o/(rcPrs tlePr~unto dul ai~thorize~l, t6e do ancl e ~ enr.~ =
Y y y ar ~sE-~sv .!vr~1~
' r-: a- ~ r-- ~ C~
: ~
- i : _ - o : ~
ATTEST: ~-_:c~ ~ _-'E .L ; ~ ~ ; ~ ~ J _ _ j
~ ~~uc~ xoiaES Arw _ :~o ~ c~ - ~ ~
Verna ~I;---- - de n s~~ - '-~F~I!~--~-~'- : 4
, vT . .
' Signed s a eli , e in 1~e prpsPnce oJeas. . _ /f~ . : ~ ,
` o ~ .
, e .
- - - - y-----~------~ ------.-~C~r,.rr.,...--- ~
, Wi2~ ia~n Anderson ~ p.~a~.~
Z/~-...._t° -
STATE OF ~ ~
Cc)t'~TY OF ST. LUCZE
i I{EREBY CERTIFY tiut on tAis dal, bt&.re mr, ao officrr duly iutborized ie the Sute awd Couet~ aioresaid to nke ar?twvkdRtne~ts,
°"'°p''~~ '~°""d t~Tilliam A. Anderson and Verna L. Anderson
.ell koo..n ro me to be ~he Prti~dcn~ ~oaSecretary dIla Treasurer r~~,;.Y~, ~~~a~~ ~d n~ra~tu
in ihe (oreSanS dKd. aad ~hat tMetr x~erat:y xknowkd[ed eaecn~ist tlK samc ia tbe prex~ce o( tsro wbxribins ritaesses trtel~ awd rdsauril~
vnder auiborit~ dYl~ ~ested iw tAem bT ssid corpo?a~'wx asd that tAe ~ea) a((iaed ~6ertto is tLe troe cwporate seal d said corporatioa.
WR\E$S•a~-?a~d awd o(ficial xal ia the C.wotT awd Sute I~t aforesaid tbis 21 d» o( February 73
- i
. ,
. ~ _ FIICC 1-~: . :.~s,
~~i ~-rn ~ ST, ~~~I4~ ~~I:bF~ F[4. c I .
- .~;~r,R _ ~t:~, - - - - -
. " CIE;:r . COL•RT ~ .
-'/'~ij IA~I~?nte7rt t~~rOPr: - t~~ Ratsry Pubfic. state e! ibrid~ at fi~7 .
, ; . M~ 1 03 ~M 3 ~ ~9~
~ ~ =
r; ~s: :~t ;+~t~`• ' ~ 0 R
~~~~~9~ doox212 ~a~~~S46
~~t - _ _ - - -
~ ~ rt,. _
: ; ~ -
_ _r- . _ _ . _ _