HomeMy WebLinkAbout1460 13. 1f default be aude in paymeae~ when due~ o[ aar indebtedness secured herebp, or in pertormance of any o( Mort-
gagcu's obliaationt, covenaats or as~eeaiwb benuada:
(a) Mortgaaee a autborised at aa~ time, wit!?out notice, ia its wk diuretion w rnte~ upon and take poaseuion ot the
precnixs or anr part thereot~ W pet[orm an~ ub 11[ataa~ee deemt necdsary or proper to ton~erve the aecuriq aiu! to coUect
and receive all reacs. iaua and protia ~hereot. includios tl~we psit due as wdl as ebwe ucruins thereafter. and
(b) Mortgasee ihall be entided, at a matter of strict riaLt and witl~out rssatd to the value or occupaucy oE the securitr,
to have a receivcr appointed w mter upon aad take ponession of the premises. ooUect the renb and pwCa cheretrom and apply
the ume as the court mar d'uect, :ucb receivcr w 6ave aU the ri6hb and pawen permitted under the laws o[ Fbrida.
In either such case Mort6aate or the receiver may alw take pos~asio~ of. and tor tbae purposea we. any and all peraonal
property ooatained ia the prcmi:es and uscd bp Mortsaaor in the rental or leasing thercof ~ r anr part thereol. The eacp~nse
(iacludina receiver's (ees, counsel tees. coats and a~mt'i oompensatior) incurred puawat to the powen hereia conWined shall
be secured hereby. Mortgasee shall (a(ter payment ot aU coats and e:pen~ea in~urnd) appiy such reats~ iuues and profita received
by it on the indcbtcdnas Kcured henbp in such order as Mortaaaee dstermi~es. The riaht to rntu aod take possession ot said
property. to manage and operate ehe samq aad to collect the tent~, issun and ~xofib the~eof, whether b~ a receiver or otherwise,
shaU be cumulative to anr other risht or remed~ Lueunder o~ aftordcd bp law~ and ioar be exerci~ed coacurrendr therewith
or independently thereof. Moctgaaee shall be 1iable to ucouat oulr [or wch rmts, i~sua and p~q actualtr received bp Mortgagee.
!4. If the indebtednen Kcured hereby u now or hereafter [urther secured bp thattd aartgasa, pledg~ coauacb of ~
guuanty~ usignments of leasa, or other iecurities, o~ if the premises hereby eucumbered consisb o[ awre than one parcd, 1
Mortgagee may at ib option eahaust anr one or morc of said sccurities and the security hereunder. or such parceb of the security ~
hereunder~ either concu~rendy or independentir, and in such order as it mar determine. ~
IS. No delsy by Morcgagee in e:ercuing anr rig6t or reme~y hereunder, or otherwite afforded b~ law, ahall operate as a 4
waiver thereof or preclude the esercise t6ereof durin6 the continuante o( any default 6ereunder. No wai~~er br Mortgagee of any t
de(ault shaU comtitute a waiver ot or consent to su6aequeat defauln.
16. WiWout af[ectina the liability o[ anr ~rson( other tban anr person rcleascd pursuant hereto) [or payment of any
indebtednas aecured herebr. and witLout af(eetina the prioritp or actrnt of the lirn hereot upon an~ property not specificaqy
released punuant hercto, Martgagee mar at an~ time and from time to time, without notice and without limiution as to an~
lcga! right or privilege of Mortgagee:
(a) Release any person liable for payment of aay indebtedness ~curcd hereby.
(b) Fa~tmd the time or agree to alter the ternu o[ payment of anr o( the indebtedness. •
(c) Accept additional securitjr o( any kind_
(d) Release any pmpertp securina ehe indebtcdnw.
(e) Conseat to the creation of anr easemrnt on or over the pnmises or any covenants restrictin6 ux or cecupancy thereof.
17. Any agreemrnt 6ereafter made by Mortgagor and Mortgagee punuant to this mortgage shal! be superior to the rights
of the hotder of any inten~ening liea or rncumbrance_
18_ Mortgagor hereby waives all right o( homestead uemptioa in the property subject to this mortgage.
19. The covenants and agreements herdn coatained s6all bind and ehe beneGts aad advantages s6all inure to the respective
hein, executon, admirustraton, succesaors and auigns of the partia heteto. Wberever used, the singular number shall include
the plural, the plural We iingular, and the use of anr gender s6all be applicable to all genden. All covenants, agre~mrnts and
undutakings shall be joint and tevcral. Ia the evrnt additional numbered covenanu are for convenience insericd in this mortgage
folbwing the legal duuiption, such additional covmants s6all be read and given ef[ect u t6ough Eollowing this covenant in
coaucutive ordu.
, 20. Anr dJcirncy in the amouat of such agsregate monthly WYment shall. unless made good by the Mo
~ the due date of _the next sucL ~ ~B~r prior w
payment, coattitute aa evmt of dctault under this mortgaae. At Mortgagee s option, Mortgagor will
par a°late chuge" not acceedina four per centum (496) of any instatlment when paid more thau fiftcen (15) days after the
due date thereof to cover the extn acpense mvolved in handling delinquent paymencs, buc wch "late c6ugd' shall oot be payable
~ out Q~ the.proceeds of aay sale made to satisf~ the indcbtedaess secured hercby, uniw such proceeds are sutGcirnt to discharge the
f entire~ igdebtednas.
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• i~ X,(COR/'ORA7'E ~n ~~tness ~hereoE t{~e mortgagor F~as caused lhese presenfs to
~ i SF~[-) be execute d in its name, a n d its corporate sen l ~0 6e f
~ereunto a
j~ixe
d, 6q its
~ ~ : ro er o icers tbereuneo dul authori~
~ ~ ~ p p y ..ed. !{~e day and year ~irst aboue u~ritten.
: ~i _ . .
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~ : ~ w
- ~ a ~Tf'EST:_~ ~`z; ~ ~+r~s~ca~r Ha~ss u~n ~onzr,ires, n~c.
~ L• SccMa illa
Si ned, scaled and deliuered in t6e ~as. , r
9 presence of: ~
~•-~j?f` ByIiILLI]11! _
~ " t` .-'i 71 P~~
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f~~ee r.~- -~c~H~Eo
~ • r ' ST. ~uCi~~ ::o~yTr FL~. fILEO ~~D aECOR0E0
J-- fiuC.:; -':~17RR5 =t.lUC1E COUNTY flA. ~
~ C::r.~: . .;°.u~ COuRT ROCE~ POITRAS
~ ocr~~- ~ CLERK ~tR"vUtt COURT ~ ~
RECC~R9 1EK~fIED.~-----
~ ~tate of Auc y 3 4- ~M'?3 p~ t3 3 03 PM'T3
~ ~oun~y of ST. 2 1Q54
~ ! HEREBY CERTIFY dwt ~~6u d~. 6./~ ~.v, a,. o/(~ar. d~.lr ~/~:~d k d~. S~. o.d Co~„Wr oJo.eso~d a ~01. ocMoWl~-
a~^ ..:rn~:. peno.wt(Y oppeortil
~,d MfI~l1. ~lnderson and Ver~a L. 1lnderson
~ ac , , .~.~r~...,,
~ j~ ~ ~tl ~o ~ ~o ; ~ ~ . ~ ~p., ~,P, e,~d Secretary, Treasurer .~,~;Ml, d ,1,~ ~~,o„ ,~,~d a. ~
~ , , •
~ ~ mwtgager in th~ ~orrgoiny~~nstrurnent. and t~ot I~.~.,.~.dr, ac~enou+~edged ececu/inq 1{~s sae~t, in 1~ p?essnc~ o~ fuw wbfoibi~y witnessp.
~ ~ (reel? ond awl~mlarrfy un~er aut~wn'tl du~r'a~rsl~ief (I~erw bq said corpordion and tl~ot t/~e seo~ a~/i:ed tl~enlo [s tRe frut av?pordt stul o~
~ ~ ' . .
~ ~ said co.po.alion _ ` _ ' ~ ,
~ ~V(j'~~i~C$ m~ ~and :on~ oJ~ic~ seq~ iR ~e 'Counfr nnd $tde ~ost o%rrioid !~!s 7~1 ~7 0~ ~ug'118t
~ ~ ~ -
~ ~ A. D. t9 73 _ . , ~ ' 0 R
~ j : ~ . ~ ~
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~ f I~OtARY PUBLIG. State M Ffori~da at lsr$e / "
' My Commission ExP~?es OecemDU 18. 197b ,c ~Z._'~".----•----~ .
~ ~ BondN TAry AYTO.OWNEIts IMSYRANCE CO. ~ -
~ I ~ I~IOtAl'S/ Pl~b C
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