HomeMy WebLinkAbout1446 t3. If detault be made ia payment, when due. ot aay indebt~Jneu secu~ed he~eby, or in pertormance ot oy o( I~lort- ;
gagor's obligations, covenants or aa~eemcnts 6ercunder: (
(a) Mortgagee u autho~ued at any time, without notice, in its ~ole diicretion to eater upotl and take uiun qt the ~
pcernites or anr part thercof, to per(orm anr acb Mort~ee deem~ neceuary o~ proper to consrne thc security and to collect ~
and receive all rcnts, iswua and p~ofib tbe~eot, includins tl~oae past due as well ss those acc~uins thrreafter. and '
(b) Mortgagee ahaA be entitled, a~ a matter ot ~trict rigbt and without ~~gud to the value o~ occupancy of the tecurity.
to have a receive~ appointed to enter upon and take postcssion o! the premises. oollect the re~t~ and proGa theretrom aod app:y
the same u the court may direct, such receiver to have all the righu and powen permitted under the lawt o[ Fbrida.
In cither such caie Mortsagee or the receive~ may abo take po~ession ot, and tor thae purpo~es use, any and all pcrsonal
pmperty contained in the prem~sa and wed bp Mortgagor in the rental o~ teuing thereot or any part thereof. The e:penu
(including receivers tees, counsel (ea~ costs and aaent't compensatioa) incurred pu»uant to the powen herein contained ihall
be secu~ed hercby. Mortgagee sl~aU (after paymeat o[ all costs and espenses incurred) applr such renb. issues and profits received
by it on the indebtedneu ucured hereby ia such order as Mortgaaee deteRai~a. The right to enter and take possession ot uid a
property. to manage and ope~ate the same, and w coUe t the renp, inua and profitt thereot, whethe~ by a receiver o~ otherwise, ~
shaU be cumulative w any other right or ~emedy henunder or afforded by law, and may be exercised concurrentty therewith
or indtpendeatly thereof. Mortgagee ahaU be liable to account only for such renes, issua and pro[its actually received by Mortgagee.
14. If t~e indebtedness secured hereby ia now or hereaiter furthe~ tecurcd by chattel mongaga, pledga, contracb of
guaranty, assignmcnb o[ leases, or other securities, or it the premises hereby encumbered consisb of awre than one parcd.
Mortgagee may at its option exhaust aay one or more o[ said securities and the xcurity hereunder, or such parceh of the saurity
hercunder, either concurrently or independently, and in such order as it may determine.
15. No delay by Mortgagee in exercising any right or remedy hereunder, or otherwix atlorded by law, shaU operate as a
waiver the~eof or preclude the exercise thereo[ during the continuance ot a~y default hereund~r. 1\o wai~•er by Mortgagee ot any
default shall comtitute a waiver of or coaxnt to subsequent defaulb.
16. Without af[ccting the liability ot any person( other than any person rclea~ed punuant hereto) (or payment of any
indcbtednas secured hereby, and without af[ecting the priority or extent oE the liert hereoi upon anr pcoperty not speciGcally
released punuant hercto. Mortaagee may at any time and (rom time to time, without notice and without limitation as to any .
legal right or privilege of Mongagee:
(a) Rclease any penon liable for payment of any indcbtedness secured hereby.
(b) Extend ehe time er agree to alter the terms ot payment of any of the indebtednar.
(c) Accept additional security of any lund.
(d) Rdeau any property securing the indcbtednas.
(e) Consent to the cr~ation of any easement on or o~er the prcmises or any covenants ratricting u~e or occupancy thereof.
17. Any agreement hereafter made by Mortgagor and 1lfortgagee punuant to this mortgage shall be superior to the rights
of the holder ot any inten~ening lien or encumbrance.
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18. Mortgagor h~reby waives all right of homatead exemption in the property subject to this mortgage.
19. 1'he covenants and agreements herein contained shall bind and the bentfitt and advantages shaU inure to the respective ~
hein, executon, adminutraton, succason and assigns of the parties hereto_ {~Yhern•er used, the ungular number shall include
the plu~al, the plural the singular~ and the use oE aay gender shall be applicable to aU genden. AU rnvenants, agreements and
undertakiags shaA be joint and several. In the event additional numbered covenants are for comenience inserted in this mortgage
folbwing the legal description, such additional covenants shall be read and gi~~en effect as though following this covenant in
consecutive order. "
20. Any d~ciency in the aawuat of such aggregate monthly payment shall, unless made good by {he Mortgagor prior to ~
the due date of the next such payment, eotutitute an event of default under this mongage. At Mortgageds option, Mortgagor will ~
pay a"late chargd' not uteeding four per centum (496) of any instaltment whea paid more than fifteen (15) days atter the : t
due date theteof W cover the etttra expease invoived ia handling delinquent payments. but such "late chuge" s6a11 not be parabk ~
out of the pmeeeds of an~ q1e made to aatisfy the indebtednas secured hereby, unless such proceeds are sutficient to diuharse the ~
en +iqd~"~'v ~ .
t~ , ~n ~itness ~hereot fhe mortgagor ~ias caused thtst pm~nts to
• G'~~'OR`~TE
~~=~:`~~r= ~~~~s~l1Cj' ~ie executec~ in i!s name, and its corpo~te sen~ to bt /~~reunto n~~ixtd, br te~
~ .
~ _ t ~ r-~.' ~D proper o~~icers t~ereunto cluly aut~orizec~, the dny nnd year ~irst abova written.
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E / ~l~r ' " Ti• Scrretary alla
f Jigne~ sea~ed anc~ cle~iverec~ in !he pr sence o~: T~e~• '
~ l/ f rL~.~.~ By'._.Y.~K*.-T~ -y . . . . . )
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E , j CtE~r. ~•,:T C~URT ft~EO AilO R~C8A0E0
~ . ~ . - F.rr• - i'--;~~~ ~ sT,lUC1E COUMTY fLA.
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Auc y 3 2s rH '731~ ~lECORD VERIf
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~ ~tate af 26 046 A~ 13 2~~ PM'i3
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~ ~ounty of ST. ~I$ . 261285
_ 1 NEREBY CF.RTIFY da~ on ~iw d~,r. br(on me. an oJ~i«r dd~ au~ho?ized in tlu Stde und C«~ner aJonsoid w en6 oclv~e~r&dg-
menls. pt~wrw~~r oppearr~
~ f~ifllian A. 1lnderson and Verna L. 1lnderson
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8 well f~noum !o me Io 6s tl~s Pnsidrnl ond ~~gtg nspsetieelr o~ t1u corpwolion nonrd as
ry, Treasurer
~ erwlgogor in t~e ~ongoinq insfrunvnl. orw~ I~nt I~ey xvero~~r acEnour~e~ged ~recuting lRe same, in 1~?e pnsrnor o~ fwo w6xri6ing wUn~ases. '
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q (n~lr and ool~,.~i~;lr ~,~k. d,~6o.~~r d„ly res~rd in llKn? 6p said corporosion and ~o~ tlit xo1 u~(iue~l tl~erelo is 11K Ina~ corporal~ xal o~
~ I so:d co.po.att«~ .
? WITI~F.SS n+y 6nn~ ond oJ/icid sea[ in tl~e Ca.n~y and Stute lost oJuresoid t6~s 7th ~7 0/ Allyllst
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~ A. D. i973
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~ ' NOT PUBUC. State of FbrWa at Large
My Commission Expres pecember 18. 1976
~ . . • t • . 6oe0N Tlur AUT0~01MNEIK {NSUfA11C
~ ~ . 600K~7 PACE~~ -
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