The URL can be used to link to this page

Home My WebLink About2636 ~ 1 ' . . ~ ~ ~ 3R:K ?a ' ' • ' ~~'J 3. Tl~e mu~~Kagur ~•u~.•u:uit, unil a~;rerd that if hr ~+hall Iail lo ~?ay ~ai~l iiul~•bt.•il~~~•r, ur au~ ~~art tlit•rc•of ~vh~•n due, or shal) fai) to pe~furu~ u~~~ cuvruant or a~re•t•inent of thie inetrunu•nt ~~r thr ~,ro~ui,.un n~?t.• :u•M~r~~d h~•rt•L~~. !hi• entire iudeLtednc::a herrl~c .~~curi•d ~hall imme~liateh Ix~cume ~lue, pu}~able, au~) cull~~ctiblr ~cithout nu1i~•~~, a1 the oplion o~ 11?e u~ort~;a~;ee or as.i~n:~, rc•~;ardl~~:s uf maturiti•, and ~he u?urt~a~;~•r ur hi~ :?:.i~;~r+ n~av be~or~~ or uft~•r c:ntr~ sel) said propertp withoiu apprui:u~m~nl ~the murt~a~;ur I~a~~in~ wai~ed :~ml aeu:i~o~•d tb~• niu~t~;a~;~•~• all ri~;IN~ of appraisement ) : ~ ~ 1 at judicial •:ilr punuant ~o the pru~ i•iun, uf ',~.8 l~.ti.l:. ''lNll ~ a i:~?r ( tt ) at the option of the morigagee. either by auction or by aolicitation of sealed bide, for the l~igheat and beat bid complying with the tern~e of aale and manner of pa}•ment aperified in the publiahed notice of sale, first ~i~~in~ foor wecka' noticP uf thP ti~n~•, te•rm•, an~l pluc~• of ~uch ~:IIP, 1?~ ad~rr~i~~•m~•ut not 1~•~:, than u~u•~• , during each of said four weeke in a newspaper published or diatributed in the county in which eaid property is aituated, all other notice being hereby waived b~• t{~e mort~agor ( and aaid mortgagee, or an?• peraon on behalf ot eaid mortgagee, may bid with the anpaid indebtedness e~•idenced by said note). 5aid sale ahall be held at or on the propert~~ to be sold or at the Federal, county, or city courthouse for the count} in w•hich the property ia located. The mortgagee is hereb~ authoriaed to e:ecute for and on behalf of the mortgagor and to deli~•er to the purchaser at such sale a sufficient conve}-ance o( said property~, which con~•e~•ance al~all coatain recitals as to the I~ap}?ening of the de[ault upon wi~ich tl~e execution of the power of sale herein granted dependa; and the said mortgagor herebj conatitutea and appoints the mortgagee or any agent or attome~• of the mortgagee, the agunt and attorne~- in fact of said mortgagor to make euch recitala and to execute eaid - com•e}•ance and hereby covenants and agreea that tl~e recitals ao made ahall be etfectual to bar all equity or ri~ht of redemptiun, I~oiuestcad, ~lot~•er, aud all otl~er exem~?tions of tl~r murt~;a~;or, all uf tshich are• liert•b~ exprecch• wai~•ed aml conve~•Fd to ihe n~ort~a~;ee: or ~ u~ ~ takr a~i~• otl~er up~~ropriate ~ctiut~ ~~ur•uant to ~t.+1~• ur N~t•~I~•r:il ~latut~• ~~ithrr iu ~t~tr ur h~~•~I~•r:~l ~•ourt ur othP~w•i~e for the ~lispo:ition of the ~?rop~•rt~. In the e~•ent of a sale as I~ereinbefore pro~•ided, the mortgagor or an~• persons in possession under the mort- ~a~or ~hall t1~en become ami be tenants holdin~; o~er aiul ~6a1) forihwitli deli~~er pos~r~ion to the purcha~er a~ such ~ale or be ~ununarih• dispoae~~e~l, iu accordanc~• ~.~ith tl~e pro~isions of law a~?plicable to teuanl~ holdin~: o~~er. "1'he poH•er and a~ency~ hereb~~ grant~•~1 are cuuplr~l ~.•ith a~~ intere~t an~l are irre~-ocable b}• drath or othPrN-i~, an~l ar~• ~ranted as cumulati~e to the remedit~~ for collection uf :::~i~l indebtedue.~ pro~~ide~l b~ law. The proceeds of an~ aale of said propert~ in accordance with the preceding paragraphe ahall be applied firat ; to pa}- the costs and expenaes o[ eaid sale, the expensea incurred b~ the mortga~ee for the purpose of protecting or m~i~. ~ tai?~in~: said properiJ~, and reasonable attorne~~s' fees: ~econdh~, to pa~~ the indf•bte~dnr.~ ~ecared h~•r~b~ : an~I tl~irtll)', € to pa~ an~• surplus or ezceag to the i?erson nr peraonF leKall~ entiUt•tI therrtn. ~ ~ S. In the event said property ia eold at a judicial foreclosure sale or pursuant to the power of sale hereinabove ~ ~;ranted, and the proceede are not sufi'icient to pa} the totaI indebtedness aecured b}- thie instntment and e~•idenced by~ said promiesorF- note, the mort~a~ee wi11 be entitled to a deficiene~• jud~ment for the amount of the deficiency ivithout ~ regand to apprauement. ~ ~ 6. In the event the mort~a~or fails tu pa~ an~ Nederal. ~1;?te, ur local ia~ :la~t'a'IUf~ri, incume ~ux ur uthrr ta~ ~ lien, char~e, fee, or other expense char~ed aKainat tl~e property tl~e mortgagee i~ I~err_b~ authorized at hir option tu pa~• the same. An~- ~ums so paid t»- the mort~agee shall be added to and become a part of tLe principal amount of thc ~ indebiedne~s e.~idenced b~- eaid note, Rubject to the same tern~s and conditions. If the mort~agor shall pay and ~ discharge the indebtedness e~~ideaced b.- said promiason• note, and shall pay suc~ sums and ahall discharge all ~ taxee and liena and the costs, feEe, and expenses of making, enforcin~, and executing this mort~age, then this mort~age ~ Rhall be canceled and surrendered. ~ 7. The covenante herein rontained shal) bind anJ the bene(it~ and ad~anta~c• ~hall innn• ~u thF~ rr.p~•~•ti~r -ur- ~ ceseors and assigns of the parties hereto. Whene~•er used. the sin~~ilar number ahall include the plural, the plural the "'a sin~;ular, and the uae of any gender ahall include all genders. ' 8. \o ~raiver of anc co~ena~~t h~rein ur of the oblikation ~r~•urr•~1 ht~reb~• ,hall :i~ :ui~ lim~• th~~rr:ift~•r h~• hcl~l to be a hai~~er of the tenn~ herrof or of th~• ~~ote sc•cured he~r~b~. ~ A judicial decrre, order. or jud~;~nt•nt huldin~ an~ E?ro~i~iun or purtion u( thi. in<tnuurnt in~ali~l ur wu•u- . forcrahle Bhall not in an~- wa~~ im~?a~r or ~~n•~~ludr thc rnfnrcement of th~• remainin~: ~rr~»i=ion• or ~~orti~~n- ~?f thi~ instn~rnent. ~s 10. Any written notice to be ieeued to the mortRaRor pursuant to the proviaiona oi thia inetn~ment ehall be ad- dreeeedtothemort a orat d a Yeehaw Junetion KOA, Hi hwa No. 441, Rt. 2, Box B g g Y 825, Okeeehobee, F1oI'ida 33472 and an~ written notice to be is•ued to the mortgaRee ehall ~ be addrer,aed to the mort~tagee at P. O. Box 1200, Lake Wales, Florida 33853 . . 4 a, z ~QQ~ ~9 a~F2635 oFF j ~ ~ . F.,~~ ~ _ . . . N, F~ . . ~ ~ ~o CIqL RECpRD~ . ~ . ~a ~ . ~ aG' . . _ .,4_ . , . t,. . _ t ~ ~ t~-- , ~ . . . ~ . __,-.2..