HomeMy WebLinkAbout0172 13. 1t detault bc made ia paymcnt, whrn due, of any indrbtedneu secured heceby, or in p~r(ormance o[ any of I?fort- ~
gagor's obligation~, co~•enants or agrcemenb hercundec:
(a) Mortgagee is authorued at any time, without notice, io it: sole discretion to enter upon and take poueuion of the
pre~nises or any part thereot~ to pertorat any act~ Morigagee deems necessary or proper to conserve the security and to collect '
and receive all renb, issua and profib the~cof, induding thoae past due as well as those acuuiag thercsfter. and ~
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(b) I~tortgagee shall be entitled, as a matter of strict rig6t and without ~egard to the value or occupnncy ot the secu~ity, 1
to hare a rceeive~ appointed to entet upon and take possession of the prcmisa, collect the rcnts and profits therr(rom and apply }
the same as the court may direct, sueh rtceiver to 6ave all the rights and powero permitted under the laws o[ Florida. }
ln either such case Mortgagee or the receive~ may also. take possession of, and [or thcse pu~poses uu, any and all pcrsona) ~
p~operty contained in the premius and used by Mortgagor in the rental or leasing thereof or any part th~reo[. The expcnse
(including receiver's iea, counsel fees, cwts and agent's compensation) incurred punuant to the powers hercin contained shall ~
tx secured hereby. I~iortgagee shall (after payment of all cosb and expeoses incurred) apply such rents, issua and profts received ~
by it oo the indebtedn~u secu~ed hereby ia auch order as Ilfortgagee detertnines. The right to enter and take pouession of said
property, to manage and operate thr samc, and to collect the renb, iuua and profits thereo(, whether by a recciver or otherwisc, ~
shall be cumulative to any othe~ right or remedy hereunder or affordcd by law, and may be exerciud concunently therewith
or independently ehereof. Mo~tgagee shall be liable to accou~t only for such rents, iuues a~d profits actually recei~~ed by bioKgagee. ~
14. If the indebtedness secured hereby is now o~ hereafter further secured by chattel mortgaga, plcdges, cont~acts o[
guaranty, assignmenu of leasa. or other securities, or ii the premisa hereby encumbered consists of more than one parcel,
111ortgagee may at its opiion exhaust aay one or more of ssid stcurities and the security h«eund~r, o~ such parcels o[ the security
hereunder~ eithe~ concurrentiy oi itsdtptndentty, and-in such onlee aa it may determina _
15. No dela b Mort a ee in exercisin an ri ht or remed hereunder, or otherwise afforded b law, shall o
Y Y 8 8 S Y 8 Y y pcrate as a
wsi~~er thereof or preclude the exercise thereof during the continuance of a~y default hereunder_ l~o wai~•er by Mortgagee ot any
de[ault shall constitute a waiver of o~ consent to subaequent de(aults.
16. Without affecting the liability of any person( other than any penon released punuant hereto) (or payment of any
indebtedness secured hezeby, and without affecting the priority or extent ot the lien hertof upon any property not specifically
rel~ased punuant hereto, Mortgagee may at any time and (rom titn~ to time, without notice and without limitation as to any
legal right or privilege of Mortgagee:
(a) Release any penon liable for payment of any indebtcdness secured hercby.
(b) Extend the time or agree to alter the ternu of payment of any o[ the indcbtedness.
(c) Accept additionai security of any kind.
(d) Release any property securing the ind~btedness.
(e) Consent to the creation of any tasement on or over the premis~s or any covenants ratricteng use or occupancy thereof.
17. Any agreement hereatter made by Mortgagor and ~tortgagee pursuant to this mortgage shail be superior to the rights
of the holde~ of any intervening lien or encumbrance.
18. I~iortgagor hereby waives all right of homatead eaemption in th~ prop~rty subject to this mongage.
19. The co~•enants and agreements herein contained shall bind and the benefits and advantages shaU inure to the respecti~e
heirs, executors, administraton, successors and assigns of the parties hereto. ~Vhere~•er used, the singulaz number sha11 include
the plural, the plural the singular, and the use of any gender shall be applicable to all genden. All covenanu, agreements and
undertakings shall be joint and uveral. In the event additional numbered covenants are for convenience inserted in this mortgage
following the legal dacription, such additional cov~nants shall be read a~d gi~•en ef[ect as though loltowing this covenant in
consecutive ordor. ~
20. Any derciency in the amount of such aggregate monthly payment shall, unleu made good by the riortgagor prior to ~
the due date of the next such payment, constitute an event of default under this mortgage. At Mortgagee's option, Mortgagor will
pay a"late chargd' not eaceeding [our per centum (4%) of any instaqment when paid mon than fiftcen (15) days after the
due date thereof to cover the extra upense in~•olved in handling detinquent payments, but such ."late charge" shall not be payable
out of the proceeds of any sale made to satisfy t6e indebtednas secured hereby, unless such proceeds are suFficient to discharge the
en ~re indebtednest.
~ ~ ! ' ~n ~itness ~herenf
f~ (CORPORATE the morfgagor /~as caused f~ese presents to
~n : SEAL) 6e executed in i1s na?ne. ared its corporate seal to be I~ereunto a)jixed, by i1s
' 1• •,4,~ t.~;3 ' t,i s proper o~~icers thereunto c~u~y aufhorizec~, the day and year ~irsf above writlen.
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~ f`:; y I.~ ~ r Gt.?~~L
.:~.a r ~?I~.CAJ!I_.H~S..A~Itt__~~iU~TG~l.G~.,...~C..._........----
L ANDSRSON
y c~ ~'~;r . .~o
- ~r~,~~~d:~e~.1~d Q~etl ~Ie ruer p '~reja~urer
I' cc~ in tj+e rese»ce o ~
` ~ - A By--•-""T"' - - •
- - - - - -
. r ~
- ~ " " ~ William A. Aaderson P«,~d~,~e
- .
fIlE4 Ay~ REC~ROED
ST, tQCiE ~c~UNTY F~A.
" ~ Rn~,~i. F:~tiReS ~
CLE?K ; .':CUtT COURT
262514 RfCa~; %~~~~~ED
~tafe of FLORIDA Auc ~8 3 03 PH'~3 .
~ounty of ST. LUCIB
/ FiF_REBY CERTJFY el+a ow ~h~a dar. b~Jo?e ~e. un oJ/i~er ddr autlw~riud in ~ S~ate ond Counr~ o/a+raa~d ~o talee acGnou.[edg.
»~.,r,. ~r~?t, ~~,..1 William A. Aaderaon and Verna L. Anderson
u•s1I Lnuun !o me lo be Il~e ,R.~s~~i+ Ereta /Treasurer ?e r o~ Il~e corpornt[on nomed as
I , "~d~ i
Y ~r:~:[
mcrtgago? in !{~r ,oregang in~lrumenl~ Lrtd ttiA~~~~~rpc~npy,~ec~ged ~xecWinq I~e samt, in I~e prestnce o~ turo su6xsibing ailnesxf.
(reely und rolunforilr un~lr? aull~wilp i1w1Y~c~sl~.int ~r~y~~oid corpora~ion and l6ot t1~e seol a~/i~red 11~ereio is II~e ~n,e corpo?u~e seol o~
fuit+ •COrForafiorl. : - ' . ~ q. ~ ~S. ~ 1 < .
. ~ _ _ . ~ ~
~VI~T\'~$$ my tiana~ ane~ n{~iiiaj ~ a Ih~COi?~ Md'$ial~ loat o~or~rwid Itiis Zst~l day ~ A11g118t
n ~~73 p ; .
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f .
o R 218 ~E 172-. . ~ '
~ BOJK PA - , ~ ' ~
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NOTARY Pt1BLfC, Statc of• ~ - - ..P't~?-•-..._.......
' Fid'rida at lar$e Not ~b c'-~ j~ ,
`i ~?'~Y Commission Eu r ~
eon~ ~~w AuTO.OWNEas ~~~p NCfrC08~ 1976
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