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13. If detault be made in payment, whtn due, o( any indebectil~eu accured hereby, or in perfo~mance ot any of Mo~t- ~
gagor't obligatio~u, covenants o~ aareemeaq hereuadcr:
(a) Mortgagee u authoriud at any time. without notice. in ia ~ole dix~etion to ente~ upon and takc posKUion o('the
pranites or any part thereof~ w per[orm aa~ uu Mortgaaee dauu necasary or pmper to coruerve the ucurity snd to coUect
and receive a}l rents, is~ua and protits tbuwf. wdudit~ thoae past due as well aa thae acctuina thereafte~, and
(bj Mortgagee ~haA be entitled. ai a tnatter of atrict riaht and without ~egud to the value o~ occupancy ot the security,
to have a receiver appointed to ente~ upon and take poss~asio~ oi the prcmisea. coUect the renb aod pmGu thentmm and apply
the ume u the coutt may direct. such receiver to have all t6e righta and powen permitted under the laws of Fb~ida.
In either auch ca~e Mortaagce or the receiver auy al:o take posuasion of. and fo~ these purposes ux, any and all personal
property contained in the premisa and used by Mortgasor in the rental or teasing thcreot or any part ehereof. Tht expcnse
(including receiver': (ea, counsd tea~ ewb and ageat's compenutioa) incurred punuant to the povren herein co~wined shall
be secured hereby. Mortgagee ahall (afte~ payment ot all eoats and e:penua incurred) apply such renb. issua and proGts received
by it on the indebtedncss secured hereby in such order as Mortsagee detertaina, The right to enter and take possasion of said
property, to manage and opcnte the same. and to collect t6e rents. is~ua and pmfits thereof. wheth~r by a receiver or otherwise.
shaU be cumulative to any otber rig6t or remedr 6enuader or at[orded by law, and may be exercixd concurrendy therewith
or indepeadeatly thereot. Mortgagee shall be liable to account onlr tor :uch nnb. issues and protib actually received br Mortaagee.
14. If the indebtednas secured hercby is now or hereafter (urther aecured by chattel mongagp. pledges, contracts oi
guuanty. auignments o[ leases, or ot6er aecuriti~s, or if the premiscs hereby rncumbered consists o[ morc than one parcd,
Mortgagee may at its option exhaust any one or more o[ said sccurities and the aecurity h~reunder. or such parceb of the security
hereunder, either concurrendy or independrntly, and in such order as it may determine.
15. No dday by Mortgagee in exenising any right or remedy hereunder, or otherwise aftorded by law, shall operate as a
waiver thereof o~ preclude the exerciu thereo[ duriag the continuance o( any detault hereunder. No wai~~er by Mortgagee of any
default shall rnmtitute a waiver of or coasent to :ubsequent detaults.
l6. Without aftecting the liability oi anr penon( other than any person rdeased pursuant hereto) [or paymrnt of any
indebtcdnas secured hereby~ and without affecting the priority or extent of the lien he~eot upon any property not specifically
rcleased punuant hereto, MortgageG may at any time and trom time to time, without notice a~d wiehout limitation as to any
legal right or privilege of Mortgagee: -
(a) Rdease any person liable [or payment ot any indebtednas secured hereby.
(b) Extend the time or ag~ee to alter the ternu of payment ot any ot the indebtednas.
(c) Accrpt additional security o[ aay kiad.
(d) Release any property securing the indebtednw.
(e) Consent to the cr~ation of any easement on or over the premises or any covenants ratricting use or occupancy thereof.
l7_ Any agreement hereafter made by Mongagor and Mortgagee pursuant to thu mortgage shall be supcrior to the rights
o( the holder of any intervening lien or encumbrance.
18. Mortgagon c~nby waiva all right o[ homestcad exemption in the property subject to this mortgage.
19. The covenanb and agreemenb henia conuvned shall bind and the bendib and advantaga shall inure to t6e rapecti~~e
heirs, executors, adtninistraton, succasors and assigeu of the partia hereto. Wherever used, t6e ungular number thaU include
the ptural, the ptural the ~ingular, and the use of any gender shall be applicablc to aA grnden. All covenanu, agreements and
undertakings shall be joint and se~•eraL In the event additional numbered covenanu are tor convenieace inserted in this mortgage
tollowing the legal dacription, such additional covenanta shall be read and gi~en e[fect as though fopowing this covenant in
consecutive ord$r.
~20. Any.~eticiency in ttte amount of such aggregate montlily payment shall, unteu made good br the Mortgagor prior W
, ,~{~?e~dae~da~e o[ the.next such paymeat~ wnstitute an event of dcfault under this mortgage. At 1liortgagee'a option, Mortgagor wi11
~~~~sY~ Q• ~rac~" not ezceeding four per centum (496 ) of aay imtaqment w6ea paid more than fitteen (15) dan atter the
.
:*due d~ to tover the nctta apense ~nvolvtd in handling delinquent payments, but such °tate charge" shatl not be payable
out or t~' o[ any sale made to satisfy the indebtednas secured hereby, unless suc6 proceeds are suf6cient to discharge the
• entin i~d+~.
e, , `7 ; ~ t
~n ~~tness ~hereof the mortgngor hm caGsec~ tftese presenb to
~ ' . j,`.a~:~ ~ V (CORPORATE
~~,~~j SF_AL) be executed in its name, and its corpo~ate sea! to be hereunto a/Jixed, by its
R'; ro er o icers thereunto duI authorized, the dn and ear trst a6ove mritten.
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:~TTEST: ~ ~r~._ _1~~cWa~il.rcW-.J7~~.'YiNt..~.1ClM1R/~If7tiT~l..dtl~Y.~.'-""~'
VBRNA L. ~t~iDBRSON SK.~~ and
Signed, sealed and daliverec~ 'n e presence oJ:~eas. _
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....~G.~ ~ 'C~..----- idILLZAM 1?. At~1D8~ON P`~"d~"~
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• ~ - ~ - - . ST. L!.C:'_ ~~Jlt1Y FLA. t`~ED AND gE~OiiD~O
F..~;;.= =«TRaS :T. WCIE COU 11I F A-
~ CL_E; ,;1; i GCURT ROCER PUITRAS ~o
A F C r, f'. c~taK c?acu~T couar ~
~EC6R~J VCRI~IEC~.~---
~tate nf Aus ~ 3 42 PH'7~~35~ Auc 13 3 03 PN'73
2 ~ 261289
~ounty of ST. ~=B ,
~ 1 HEREBY CER'rfFY dwe on ~)w dor. b./a. ~ o/J;n. d~,tr a~l~ud in ~T~. S~. ~d C«„u~ oJon,od eo ab «bw.l.d4-
~n~~. a~ttr o~d William 11. 7?nderson ar?d Verna L. ~inderson
~ ~v .~~lt 4n~~ ~o .n. ?0 6. ~L. P«~;d.~, ~d Secretary, Treasurer K~n:~lr ~J oo.~~w+ ~~.d w
~ mwl~~gw in l~e jongoiny tnsl~u~nenl. ond t1~at I~er xoero~~r ac~tno~edged e=ecuting l~t sa~v. in IM presenor oj lwo sudscribing urilnns~s.
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~ WfTNESS ~r 6a.d ond a7~+~.•',~1 in Cy~r'y~+a ~~~ee !~e o(o.~~d 7th dor of l,uqust
A. D. i4 73 = L. ~ !r' ,c. :
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f;~•...~~~~~, r,:: Notary TARY PU tate ot Fbrid~f at La+w
" 5'• My Comm~ssion Expires December 18, 1978
~ • oS.rt,Yv~T~!^~AUTO.OWN[RYIMSURANCECO.
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