HomeMy WebLinkAbout2747 l3. It dcfault be made ia payment. wheA due, oE any indebteJnesi tecured hereby, or in pec[o~man:e ot anr of I?~wt-
gagoi ~ obligations, covenants or aaoeemenq he~euader:
(a) Mo~egagee it authorised at any time. without notice, ia its ~ole d'ucretion to enter upoa and take possessio~ of the
prenuses or anr put thereof~ eo perform an~ scq Most~saee deeuu ~eccuary o~ prope~ w consem the aecurity and to collat
and receive al! ~ents, issua and protit~ thereof, iadudiaa thwe patt due as weU as thwe ucruina theceafter, and
(b) Mortgagee ahaU be entided. as a matte~ o[ itrict riaht and without regud to the value o~ occupancy ot the security,
to have a receive~ appointed to rnter upon and take poa~asion o( tl?e premisa. coilect the rents and proGts therelrom and apply ~
the iame u the court may d'uect, such receiver to 6ave aq t6e rights and powen perraitted under the laws oE Fbrida.
In either such case Mortgagee or t!u receiver msy alsn talce poss~uion of, and tw thex purposes use, any and all penonal
prope~ty contained in the premises and uud br Mortgagor in the rental or leaiing thereoE or any part thereof. The expenie
(including receive~'s [ecs, counxl [ees. cosq aad agent'~ rnmpensation) incurred punuant to the powers herein contained shali
be secured hereby. Mortgagee s6a11 (atter paymmt ot sU cosb and expensea incurred) appfy such rents, issua and profia meived
br it on the indebtrdneu secured henby in :uch ordu a~ Mortgaaee determina. The rig6t to enter and take poaseuion o[ said
propertp, to man~ge and operate the same, and W collect the reats, issua and protiu thereof. whether br a receive~ or otherwise,
shaU be cumulative W any other right or remedy hereundv or afforded by law, and may be eacercixd concurrently therewith
or independently thereoi. Mortgagee shall be liable to account onty for such rcnts, issua and profib actuaUr received by Mortgagce:
14. If the indebtedness secured hereby u now or hercafter further secured by chattd mortg:grs, pledges, contncb o(
guuanty. assignwents oE leasa, or other securitia. or if the premises hercby encumber~d comists of more than one parcd,
Mortgagee may at ita option e~chaust any one or morc o[ said securities and the security hereunder. or such parcc~ o[ the security
hereunder, eithcr rnncurrently or independently, and in such order as it may determine.
IS. No delay by Mortgagee in exercising any right or remedy hercunder, or otherwise at(orded br law, shall operate as a
waivcr therco[ or preclude the exercise thereof during the rnntinuance of any default hereunder. No waiver by Mortgagee o( any
detault shail wmtiwte a waiver of or cons~at to subsequcnt dcfaults.
16. Without atfecting the liability of any ptrson( other tban any penon released punuant hercto) for payment of any
indebtedness secuted hercby, and without affecting the priority or extrnt of tht lien hereot upon anr propertr not specificaUy
released pursuant hereto, Mortgagee may at any time and [rom time to time, without notice and without limitation as ta any~
Icgal right or privikge of Mortgagce: FI~EO AN~ RECOROC~
(a) Rd~au any penon liable for payment of a~y indebtcdness stcucrd hcreby, s~' ~o~EpCp~jjRAS
(b) Bxtend the time or agree to alter t6e ternu of payment o( any of the indebtedness. CLE~K C~nCU1T COURT
(c) Accept additional security of any kind. REfCR!' Y~P'~IED .
(d) Releue any property securing the indebtednw. ~S~S~~ J~'1 3 3~ PH ~
(e) Consent to the creation of any ~asement on or over the premises or any covenants restricting use or occupancy thereof.
1). Any agreement hcreafter made by Mortgagor aad Mortgagee pursuant to this mortgage shall be superior to the rig6ts
of the holder of any intervening lien or encumbrance.
18. Mortgagor hercby waivcs aU right of homat~ad excmption in the proputy subject to this mortgage.
14_ 'fhe covenants and agreements herein contained shall bind a~d the benJb and advanta~a shall inure to the respective ~
hein, executors, administraton. sucewon and assigns of the parties hereto. Where~•er used. the ~:ingular numbtr shall iuclude ~
the plural, the plural the singular, and the use of any ga~der shall be applicable to all gendecs. All oovenants, agreements and
undertakings shall be joint and several. In t6e eti•eat additioaal numbered covenants are for convenience inserted in this mortgage
following the lcga! description, such additional covenaats shall be read and givrn effect as though following this covenant in
consecutive ordtr.
20. Any d~cieacy in the amount of sucb aggregate monthly payment shall, unless made good by the Mortgagor prior to
! tl~e due date of t~e next such payment, wnstitute an event of default under this mortgage. At Mongagee's option, Mortgagor will
pay a"late chargd' not exceeding four per ceatum (496) oE any instattment when paid more than Cdteen (15) days after the
due date thereof to cover the extra expenae involved in handling delinquent paymenu, but such "late chazge° shall not be payable
` out of We proceeds oE any sale made to satisfy the indebtedness secured henby, unlas such proce~ds are suf~cient to dixharge the .
entite indebtednas_
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' ~n ~itness ~hereof
; ~~~~.1.~ ~L~ the grnntor /~as causecl these presents to
~ be executerl in its name, and its corpomte seal to be her~eunto ajjixed, 1iy its
~ proper o~~icers thereunto cluly nutl~orizecl, tl?e dny and year ~irst above wrilten.
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A AMERICAN.Nt~MES 2?ND MOtt't'GI~GE, INC.
~ •.'r~,_ i E ~ dS.
deli e d i the preser~e~
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~ ~ Cl~iiK CI%:~lflT Cp,tRx Cir'CUIT
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~ d yC~~~~l!; ST. LUCIE l~~lilll~~ -~os~-c,tG 26 1~ 1~ : ~
_ .,.I NEkESY'CERTIFY ~bst on tAis d>>, Eef«e oe, aa o(ficer dol~ suthwiud is 1re Snte and Co~ualp darcaud w nke ac?sowledsme~n, ~
f a~»r ~vnr~ William A. Anderson and Verna L. Anderson ~
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1 ~11 know~n to me to bc tbe Presideat ..a Secretary _~d Treasurer~«„~h ~ a
f !y`', corporatioa ~a~ed a~ ~raatar :
~ in ibe (oresaus dred. aad ~6at thet m:rslir ackwowkdaed eucoti~ ILe.~~q~r ;!~t6e p~rseice ot n.o w6~cr~i~ .riuerea freci~ ud ~oie~urilT 3
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aadcr amhwitT d~l~ vested in tbem b~ said corporuioe ud ~~I~R;~~ew u t6e trat oorporate seal d s~id toryoratiow. .
~ WR!~ESS aT 6a~ a~d olficul seal ia the Caunt~ a~d~~~Hjf~ fst ~T
"w~s 27~1 d~~ o( a7l11~? , A. D. 19 73. ~
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~ I7,u I,urrr~„re,rr prrpa„ra by: ' = = ' ~ . i _ ~ ~
rrp . r, n~ a~ . 4'..~ ;~N. PUBLIC. S e of rida at Large
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~ A~~!/n~ts s'= •.;y Commission Expires December 18. 1976
~ ~~iJ'.~.', ~~:~~;~,~~`~4 " Bon0e0 TAnr AUTO.OWNERS INSURAIICE CO.
> 7N1~ 1 LIMtMT MRl~ARL~D ellf ~lt•@L' ~j3d~v4;j$'"•. ;r~ ~t~.S:. S~~~v: ,
= A STItACT ac TITI.E CORP. OF FtA. ~~~K ?~~j PAC[ ~~altJ
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