HomeMy WebLinkAbout1436 13. It de[ault be made in payment, when due. o[ any i~~dobt~dness ~ecu~ed hcreby, o~ in pe~fo~cnance o! anp o( A1wt-
gagoi s obligations, cuvenants or agreemenes hereunder:
(a) Mortgagce is authorued at any time. without notice, in its wle discretion to ente~ upon and take posuuion of the
prcmises or any part thereof, to pe~fora? anr acu Mortgaaee decros necasary or proper to conse~ve the security and to coUect
and ~eceive all rcats, issua and proiits thereof, including those past due as well as those accruing therea[ter, and ,
(b) Mortgagee ahaU be entiqed, as a matter of strict right and without regard to the ~•alue or occupancy o( the security,
to ha~•e a rcceiver appointed to enter upon and takc posession ot the premisea, collect thc rents a~d proGa theretrom and apply
the same as the a~urt may direct, such receiver to have all the rights and powen permitted u~der the lawt o[ Ftorida.
In either such case Mo~tgagee or the receiver may_ also take pouession of. and tor these purpous use, any and all personal
property containeJ in the premiscs and used by Mortgagor in the ~ental or leasing thereof or any part thereo(. The expens~
(including receive~s Iees, cuunsel (ees, cosq and agent's compensation) incurred pucsuant to the powen herein contained shall
tx secured ~ereby. I?iortgagee shaU (after payment of all cwts and exp~nscs incu~red) apply such re~ts, iuua and protits recei~•ed
by it on the indebtedn~ts secured hereby in :uch order as Mortgagee determines. The right to enter and take pouession of said
property. to manage and opecate the same, and to collett the rents, issuts and protitt thereof, whether by a receiver or otherwise,
shaU be cumulative to any other rig6t or remedy hereunder o~ atlorded by law, and may be exercised concurrently therewith
or independently thereof. I?tortgagce shall be liable to account only for such reots, issues and pro(iu actually recei~•ed by I?iortgage~.
14. If the indebtedness secured hereby u eww or hereafter further secured by chattel mortgages, pledges, contracts of
guaranty. assignments of leases, or other securities, or if the preausa hereby encumbered consists o( more than one parcel,
1ltortgagee may at its option exhaust any one or more ot said securitics and the security hereunder, or such parc~li ot the security .
her~under, eithe~ concurrcntly or independently, and in such order as it may detennine.
!5. No delay by Mortgagee in exercising any right o~ rcmedy hercunder, or otherwise a[(orded br law, shaU operate as a
waiver thereof or preclude the exercise t6ereof during the continuance of any default hereunder. No wairer by Mortgagee of any
default shall constitute a waiver ot or rnnsent to subsequent defaults.
16. Without affccting ihe liability of any penon( other than any person rcleascd punuant hereto) (or payment of any
indebtednas securcd hereby. and without affecting the priority or extent ot the lien hereof upon any propetty not speciGcally
releascd punuant horeto, Mortgagee may at any time and from ti~ne to time, without notico and without limita ~ n as to any
legal right or privilege ot Mortgagee: f LEO ~?NQ aECORO 8
5~ WC~E COUN?Y F A.
(a) Rdease any penon liable fo~ payment of any indebtedness secured hereby. ~ aOCE* FQ~TRAS
(b) Extend the time or agree to alter the tcrms oi payment of any ot the indebtcdne'~RRK ~p ~ E~ 40URT
qFCOR3VE
(c) Accept additional security oi any kind. ~~(1~~~
(d) Release any property securing the indebtedness. ~7 ~'j 3 0~ PM
(e) Consent to the crestion of any eaxmcnt on or over the prcirzises or any covenants restricting uu or occupancy thereof.
17. Any agreement hereafter made by Mortgagor and ~tortgagee punuant to thu mortgage shall be superior to thc rights
of the holder of any intervening lien or encumbrancc.
18. I?iortgagor hereby waiva all right o[ homatead exemption in the property subject to this mortgage.
19. The co~•enants and agreements herein contained shall bind and the benefits and advantages shaq inure to the respecti~•e
heirs, executon, administraton, succason and assigns of the parties hereto. Where~•er used. the singular numbar shall include
the plural, the plural the singular, and the use of any gender shall be applicable to all genden. All covenants, agreemenb and
undertakings shall be joint and several. In t6e e~ent additional numbered covenanu are !or convenience inserted in this mortgage
[ollowing the legal dacription, such additional covenants shall be read and given effect az though following this covenant in
consecutive order.
20. Any deficiency in the auwunt of such aggregate monthly payment shall, unless made good by the Mortgagor prior to
the due date of the nezt such payment, comtitute an event of default under this mortgage. At Mortgagee's option, Mortgagor will
pay a"late charge' not excecding iour per centum (4R'o} o[ any installment when paid more than ~fteen (15) daps after the
due date ihereof to cover the euva expense involved in handling ddinquent payments, but such "late charge" shall not be payabte
~ out of the proceeds of any sale made to satisfy the indebtednas securtd hereby, unless such proceeds are sutficient to discharge the
~ entire indebtednas_
~n ~t
€ ~CORPO1tAT.E SEAL~ ness ~hereof the granfor ~as cause~ t~ese presents to
6e executed in its name, and its corporate seal to 6e hereunto ajjixed, by its
proper of
Jicers t~ereunto duly aut/~orized, tl~e day and year ~irst a6ove written.
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. . ~t~A L. ---•-ERSON -s«nu~, & •••AMERICAN. HOMES__AND_ MOIrTGAGE_..__INC.._....--
. ,.,b;~.~ , . Tre~s .
,.4:~,~i,r~~': tj ere in t~e presence o~• , ~
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. ~ t ~ . ' ~ - • • ~ Preaide¦e ~
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' 9'~311"YE~~11P F RIDA
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' ST. LUCIE
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-~?•q~,,~iiER~E81~ CERTIFY tAat oe this da~, before me, ao olfinr dul~ autboraed in ~k State and Cwint~ aforeaaid to uke ackwowkdsme~b,
~ '=~~"~~+h ~vn~u~a williari A. Anderson and Verna L. Anderson
~
well kw~.n ro me to bc the President ~a secretary and Treasurea~«~.Kh ~r ~h~ ~o~p~~~io~ ~mcd a+ ~raeca~
~•Y
in t4e (ore~oinR deed. aad tfut tbe~ x~tnli~ xknorrkdsed e:ecutina t6e aame ia tbe prexsce o( tKO wbcribiws vitnaics r.«y swd .ti,~~~u.~ti
~ uader authoritr dul~ ~~ested in t6em A~ s~id corporatioa awd tbat the x~ ,~Ifuce~,lLereto is t6e we corporate seal o( uid corpor~tiw.
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~ WR\ESS mr hand sad olficial sra! ie t6e Count and d~ d , A. D. 19
~ ~ ~+~!~•-+(Qi~d ~ 17th ~ July 73.
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~ b. - ~ `.~ARY P BUC, St te rida at Large
I7~u I,urnunc,ri p~eparcd y • ~ : - . - . ~ss~on Ex~r ember ~s. 1976
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~ fI ullfC~f , 3;~ f~ ~ ~ Q. f~.: y~~ ry AUTO.OWNERS 1 YRANCE CO.
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~r TNIS INSTRUMENT PREPAReD BY: ~~~•~i ~'•.•..e~~i~(.~ ~
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- ABSTRACT & TITLE CORP_ O~* ~ 7 ' ~~f'~
306 Y. ZND st FOF~ PIERGE. r1.QA~r:}~ ~~ra~„~~~~•''~ ~i q ~~e f ii'.'~ ~ i~~
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