HomeMy WebLinkAbout0694 1~. If defsuit be wade ia papment, whw due. of anr indebtednw iecu~ed hc~eby, ot in per[ormance ot an~ o( Mort-
ga~crr't obliaations, covenaab or asocemenq he~euader:
(a) Mortgasee u autho~ised at say time~ witlwut notice, ia iu wle di~cretion to enter upoA and take poa~e»ion ot the
premius or aoy put theceof. to pedorm anr ua Morep~ee d_eau neceuary oc {xoper w conserve the Kcuricy and to coUect
and receive alt rcatt~ iuua and p~ta ebereot, indudina thae put due as wep as tbae ucruir?a thereatter, and
(b) Mo~tsaaee ~haU be eadtled, a a anatter ot urict r~6t and witbout resud to tbe value or occupancy o[ the secu~ity.
to hsve a receive~ appointed w ente~ upon and take poaesaon of ehe peemisa. coUect the rcnts and pwfiu thuetrom and apply
thc same as the eourt raay direct. iucA receiver to have all the riahb and powen permittal uader the lavvs o[ Fb~ida.
In either ~uch cau Mortsasee or tbe receivet ma~ al~o take poasea~ion of~ and (or thae purpoaa ute~ any and aU personal
propeny contaiaed ia the premiw and used bp Mortaasor in the rentat or leasing thereot o~ any put thereaE. 'I7ie expense
(including recdver's Ita, couiuel Iea, casq and aaent'~ compensation) incurred punuant to the powers herei~ contained shall
be ~ecured he~eby. Mortaagee ~hall (after paymeat o( aU cab and e:penses incurred) applr such rents~ iuua and profits received
by it on t6e indebtednca secured he~eby ia tuch ooder a Mortgagee determina. The riabt to enter aad ta1~e poasession of wid
properqr. to maaage and operate the tame. aud W odlect the raib, i~ua and pro(its thereof, whether br a rcceiver or otherwise,
ihaU be cumulative w anr othu rig6t or maedr hereunder or aitoidcd bp law, and may be euercised wncurrently the~ewith
o~ independently theceof. Mortgagee shaU be liable to ucouat only [oc ruch rents. irsua and proGts actually received by Mortgagee. ~
14. IE tbe indebtednas secured hereby is now or hereafter furthe~ aecured by chattel mortgagp~ pledga, contracta ot '
guaranty~ auignmenb o[ leaus. or ot6er ucuritia, or if the p~emises hetebr encumbered con:isb oE more than one parcd,
Mortgasee mar at its optioo exhaust aay one or more ot uid securitia and the murity henunder, or such parcels of the security
hereunder, eitber rnncurrently or independentty. and in such order as it may determine.
IS. No delay by Mortgagee in exercising anr right or remedy heceunder, or otherwise attorded bp law, shall opente as a
waiver thereot or preclude ehe exercise thereol during the coatinuaace o[ any default hereunder. No waive~ by Mortgagee o[ any
default shall comtiwte a waive~ of or consrnt to tu6sequent detaula. ~
16. Without attecting the liablllty of any penon( oWer tuan any person relea:ed punuant hentoj for payment of any
indebtednw secured 6ereby, and wit6out aftecting the priority or extent of the !irn hereoE upon any propertp not specifically
releaud punwnt hereto, Mortgagee may at any time and from time to time, without notice and without Gmitation to any
legal right or privilese of Mongagee: fILED ANO RCCQRD~O
(a) Release any penon liable for payaxnt of any indebtedaes seeured hcrcby. ST.lUC1E COUNTY FLA.
ROCEP. POt~RAS ~
(b) Eatend the time or a6ree to alter ehe ter~ of p~~rment of any of the indebtedness. CIERK C~3CWT COURT
(e) Auept additional secwiq of any kind. pF^~RAlEi~'F~-a
(d) Release any-pmpertp securing the indcbtednas. ~~11 41i PH
(e) Con~ent to the cteation of any easea~ent on or over the prcmises or aay covenants ratricting use or occupancy thereof.
17. Any agreement hereafter made by Mort6-dgur and Mortgagee punuant to this mortgage shall be :uperior to the rights
oE ehe holder o[ any interveniag lien or encumbrance.
18. MortgaEor herebp waivn all right of homntead pcemptiun in the proputy subjat to this mortgage. ~
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19. The covenants and agreemrnts herein contained shall biad and the benefiq and advantaga ahall iaure to the rapective '
heirs, e:ecuton, administraton, succetwn and assigns of the putia 6ereto. Wherever used, the ungular number sha11 include
the pl~ral, the piural tLe sin6ular, aad t6e u~e of anr gender ihall be applicabk w all genden. AU covrnanta, agreements and ,
undertakinas shall be joint and uveral. Ia the event additional numbered covenanq are [or convenience inserted in this mortgage '
(olbwing the legal dacription, such additioaal covenanb shall be read and givrn etfect as though foUowing t6is wvenaat in ;
coasocu6ve order.
20. Anr d~deac~ in the amount of wch aggregate monthty payment shall, uniess made goai by the Mortgagor prior to
the due date of tt~e aa~t suc6 payment, coattitete aa event of default under this mortgage. At Mortgagce's option, Mortgagor will
par z"lau ebargd' aot acceedina tour per ecatum (496) of any installmei?t w6m paid morc than [i(teea (15) days aiter the
due dau thereo[ to cova the extra acpen~e invo]ved in handling delinqumt paymenb, but such "Iate charge" s~all not be payabte ~
out of the proceeds of any sate ma~e to utisf~ the iadebtednas se~cured 6ereby, unles~ such procreds an suf~cirnt to discharge t6e
entite indebtednas.
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~~4 j~ r ~ Ihe granlor {~as causec~ these presents to
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~1 ~'-r be executed in its name, and ib oorporafe sen~ to ~ie ~er+eunto a~f
ixed, by its ;
o^r;• ~ Z , proper of~icers tl~ereunto du~q autf~orized, tl~e day nnd year (irst aliove wrttten. ~
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' v~ AI~RICAN H0~!9ffi AND MORZ!GAGS INC.
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3TA'TE OF F~~? ~
COL'NTY OF ST. I.VCIE
I NEREdY CERTIFY tlut oa tAn dat. be(ae oe. aa offinr doy autLorised i~ t6e Shte aad Cou~q aloreaaid to hke adio~rkd~ic~ts,
p~rso*all~ apptued
William A. Anderson and Verna L. Anderson
+dl kw~.n ~o • rr ~o ie ~6t Presi&~t ~.u Secretazy & Treasurer re,prcuvd~ of ~e ooryora~;o~ aaocd s~ pa~tor ~
in th~.~ere~a'~"iL~id.;.a~t~st U~e~ +ntnll~ ackwowkdE~d tircatie~ rLe ttae i. be prne~ct oI two sobrr~binR ~rit~arcs trtey a~d voloatuil~
.~idEr pl~i~6~it~~ ~i~b~olsYt t6ew b~ said corPora~io~ asd tLst t6e sal affiud tbcre~o a t6e utie ooryorate seal d said aorporstio~.
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i.° ,•'W~!iL8 riT~TJo'J~ dfitisl ~ral i~ tir Cousg awd Suu last afwesiid t6is /S da7 d . A. D. 19 73
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•~`~I c.'_, d by" na,n ~,~rK. sc,~e a~ ac t,r~ ,
~~r•l~• ` t~y Comm~ss+on Expiros sep~ 1973.
~ Walter S. Davis
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.~~eSTRACT ~ TITLE CORP. OF FLA ~4i /),j( ~'1
206 E. 2ND fT. fOM P~ERGE. FLOR~pA DOGX Fw1~ ~NCE VV~
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