HomeMy WebLinkAbout1453 13. II detautt be made in ~/1yR1tAt, W11tA due, of any indebtcdncu secured hereby, or in perfonnance of any oi Mort-
gagoi • obligations, covensnta or agreemenb 6ereunde~:
(a) Mortgagee u authorized at any time, without notice, in iu sole discretio~ to e~le~ upon and tal~e possessio~ ot the
premisa or any part thc~eof~ to perform anr acb Mortgasee deeau neceuary ot proper to conu~ve the ucucity and to collect
and receive all ~e~ts, issua and proGb thereof, iacludina those put due as weU as those accruing therea(ter, and
(b) Mortgagee ~?all be entitled, a~ A matter of tttict rig6t and without regud to the value o~ cecupancy of the seturity.
to have a receiver appointed to e~ter upat and take poasession of the pnmises, collect the rcnts and proGts thuetrom and apply
the same as the court may direct, such receiver to have all the righq and powen permitted under the laws of Flo~ida.
In either such case Mortgagee o~ the ~eceive~ may abo take poaussion of, aod for these purposes use, any and all penonal
pmperty rnntained in the premisca and used by Mortgago~ in the rental or leasi~~g thereot or any. pa~t thereot. The e:penu ~
(including receiver s[eu, counsel (ea, costs and agent't compenaation) incur~ed punuant to the powen herein contained shall
tx secured hereby. 1lfortgagee shaU (atter paymrnt of al) cosb and e:penxs incumd) apply such rents, iuues and pmfits recei~ed
- by it on the ind~btedr?eu secured hereby in auch order as Mortgasee determina. The right to enter and take poueuion ot said
property, to manage and operate the same. and to coUect the rents, issup and protita theteof, whether by a receiver or otherwis~,
ahall be cumulative to any other ~ight or remedr hereunder or afEorded by law, and mar be exer~cised concurrently therewith
or indepe~dently thereof. Mortgagee shall be liable to account only for such rents, iuua and prolits act~wUy receivecl by Mortgagee.
14. IE the indebtcdneu secured hereby u now or hereatttr further secured by chattel mongages, pledges, contracta of
guaranty, 3ssignments of leases, or other securitiu, or if the p~emises hereby cncumbe~ed consisn of more than one parcel,
I~iortgagee caay at its option exhaust anr one or more of said securities and the security hereunder, or such parcelt u[ the security
h~reunder. either concurrentty or independently, and in such order as it r,wy determine.
15. I~'o delay by Mortgagee in exercising any right or rcmedy hereunder, or otherwise aflorded by law, sha11 operate az a
waiver th~reot or preclude the exercix thereof during the continuance of any d~fault hereunder. Ir'o wai~•er by Mortgagee ot any
detault shall constitute a waiver o[ or consent to tubsequent defaults.
16. Without attecting thc liability of any penon( other than any penon rclcased punuant hec~to) for payment of any
indebtednas secured hereby, and without affecting the priority or extent of the lien he~eof upon any property not specificalty
rel~ased punuant hereto, Mortgagee may at any time and Erom time to time, without noticc and without limitation as to any~
_ lcgal right or priril~ge ot Mortgagee:
~~~~o AMo RECOacco
(a) Release any penon liable for payment of any indebtedntss secured hereby. . ST.lUC1E COUilTY FLA.
(b) Extend the time or a rce to alter the terms of y ~?OGEA ?t~1TRAS
8 payment ot an oi the indebt~dness. CLE~K C~~CUIT COUII?
P,Fft~R!' V£~!=1E~
(c) Accept additional secnrity of a~y kind. ~~~~w w
(d) Release any property securireg the endtbtednes~. L}[} il 3 33 PN'73
(e) Consent to the ccration o( any easement on or over the prcmiss or any covenants restricting use or occupancy thereof_
t7. Any agreement hereafter made by Mortgagor and Mortgagee peusuant to thu mortgage shall be superior to the rights
of the holder ot any inten•ening lien o~ encumbrance.
18. I?~ortgagor 6enby waiv~s aU right of homutead exemption in the property subject to thu mortgago.
19. The covenants and agretments hercin contained shall biod and the benefits arid advanta~a shall inure to the rapcttive s
heirs, executors, administraton, succasors and assigns of the parties hereto. ~Yherever used. the `ungular number shall inelude
tht plural, the plural the singular, and the usc of any gender shall be appiicabic to all genden. Ail w~•enants, agreemenu and
undertakings shatl be joiet and several. In the event additional numbered covenanu arc for convenience inserted in this mongage
following the legal description, such additional cove~ants shall be read and given effect as though following thia cove~ant in
consecutive order.
20. Any deficiency in the amouat of such agaregate monthly payment shall, unlas made good by the Mortgagor prior to
the due date of the aext such payment, comtitute an eveat of delault under t6is mortgage. At biortgagee's option, Mortgagor wiq
pay a"late chargd' not ezcecding (oiu~per crntum (4%? of any installment when paid mon than Gfteen (15) days atter the
due date thereof to cover the extra ezpense invotved in handling delinquent payments, but such "late charge" shall not be payable
out of the proceeds of any sale madt to satisfy the indebtedness secured hereby, unlas such procecds are :uf(icient to discharge t6e
entire indebted~as.
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j (ppAppltATE SEAL~ ~n ~,K"v` the granfor haa cauaecl t/~ese preaents to
i 6e executed in ils name, and its corporate seal to be hereunto a/(ixed, by its
` proper oJ~icers tl~ereunto duly nuthorized, the day and year ~irst above mritten.
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? A~` _AMERICl1N HOME$_ J1IJD MORTGAGE, INC.
' ~ E O socreeNs
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, deli e d i fhe preser~e~ ~
€ '•I~ ~ - - ' BY-- ~ ^ • ~
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3 . 1 HBREEY `CERTIFY that on this dar, bef«e mc. m offiter duy authoriud iw tbe Sbu aad Counq aforesaid to take ac?eowkdso~eau, ~
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a"°°''~T '~u~ '~illiam A. Anderson and Verna L. Anderson f
# ~.eU Lno.?n to mt to be ihe Wcsident asd Secretar Treasure
; q_. ~Spcctivet~ ot t6e corporatiw aamed a~ paeoor
; in t6e (or~Roiss deed. aad tAa~ tbt~ aevcniiT ackeowkdsed eze~cutiw,~t4.syp~ A tbe preyr~ce o( tvo w~cribie3 witsern /ml~ aad roluauril~
~ . . - ~ "1- .
? ueder authorit! dul~ vrsted iw t6em bY said corporst:oe aed tha~~~,~jj~;~ra py~ ~ya~k l~~~. ~
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WITVE55 mr 6and and o(ficul ral in ~be Cwnq ssd~~~li1f. ~~b 17t}1 da~ o( aTt11V , A. D. 19 73.
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~ I7iis liurni~ne~rt prcpared hy: - n.~ ~ j i~i`~' ~s~~;~ E
f fl~drr~tt •;:;'~~.•.'-;.:yL,.. r-.~ ,•'~,•_';:.'.,•N PUBUC. St e of rida at Large +
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t,~ , fi.. ryj Commission Expires December 18, 1976 '
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