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HomeMy WebLinkAbout0110 ~w ~ ' i ~ - ' ~ t ~ . , ~''~i V • . ~ ~ ~ ~ , ~ • • OFf IClAL RE~ORt~ ao,,~ ~r,: ~4 3. The mortgugur coveuantx and a~trera that if he ah~tl fail to Nay ~wic! indebtrdnr~ ur an~ Nar! Il~ereu~ wlir~~ due, or ehall fail to perform au~• co~~enant or a~reen~ent of this ictbtrument or !he prun~iss~ry~ uotr xecured herPb~•, the e~tire indebtedneas hereby e~ecured s1iuU imn~ediatel~~ become due, ~?uya~ble, and collecti6lP without notire, at the option oi the mortgagee or Aaai~tna, rr~ardlcas oi maturity, uqd tl~e mortKa~re or hiK a~i~n~ ma~• hefure or aPtrr entry eell aaid property without appraise~i~ent ~ the mort~aRor having waived and asxiKnrd ~n the n~ortRa~ee all ri~hl~ of ' appraisementl: 1 at judicial eale pun~uant to the ~?ruvixiunri o~?.~t L.S.(:, 2UU1 ~ a 1; ur ' ( tt ) at the option of the mortgagee, either bq auctioa or by aolicitation ot sealed bids, for the higheat and beat bid complying with the terms of aale and manner ot payment specified in the publiahed notice of sale. first ~iviug tour weeks pOI1CN of ihe time. IerroF, and place of such uale, b~ advrrli~ment noi le~u. tlian uncr during each ot aaid four weeks in a newapaper published or distributed in the county in which said pmperty ie situated, all other notice being hereby ~rai~ed by tl~e mortgagor (and said mortgagee, or aay pereon on behalt of aaid mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said eale ahail be held at or oa the prnperty to be aold or at the Federal, county. or city eoucthouee for the county in which the property is located. The mortgagee ie hereby authorised to execute for aad on behalf of the mortgagor and to deliver to the purchaaer at such eale a suBcient conve}•ance of aaid property. which conveyance ahall contain recitate ae to the happeaing oI the default upon which the ezecution of the power o! aale herein gtanted depeade; ana the eaid mortgagor hereby constitatee and appoints the mortgagee or any agent or attorney of the morigagee, the a~nt and attorney in fact oi eaid mortgagor to make such reeitale and to execute said conveyanoe and hereby covenanta and agreee that the recitala ao made ehall be eRectual to bar all equity or ri~ht of redemption, I~omealead, dower, and all other exen~plions of Ihe murtKa~:or, all oi which :~re herehv expresal~ waive~ and conceyed to tl~e mort~aKee: or .r~ ` ' , ' ° ~ ! u~ 1 take at~y~~~ ~i~ii~priate actiou pur~uant to_ ~tate ur l~~rderai slatute r.itl~er i~ti rtatr or t~'ed~•ral court or ~~se ~ ~~~p*e~tion of the ~ropert~. t ' In the event oE: a uele aa bei+ei{~gfore prorided, the mortgagor or any peraone in poeeeaaion under the mort• • gagor shall ihen be~o~e and be tbnants holdin~; over and ahall forthwith deliver posse~ion to the purchaser a~ such eale or be sum~si~ly disposaee~e~, in accordance with the proviaione of laMt applicable to teqants,holdinR ayer. The power and agency hereb} ~ranted are coupled N itb -att intereet axd ate irievocable by ~leath or utheFwi~e, and - are ~ranted as cumulative to the remedies for collection of •aid indebtedneas provided b~~ iaw. ~ ' _ . _ . . 4. The proceede of any aale of said pmperty in accordance with the preceding paragraphe ehall be appiied first to pa~ the coate and expeneea of said sale, the expensea incurred by the mortgagee for the putpoee o[ protecting or main- taining said propert}~, and reasonable attorne~s' iees; secondl~•, to pa~~ the iudPbtedne~: ~ecured hrrel?~-; anJ thirdl}~, to pay any aarplus or excess to the peraon or persous te~ally entitled ihereto. 6. In `the event suid property ie eold at a judicial foreclosure eale or pureuant to the power of sale hereinabove granted, and the proceeds are not aufiicient to pay the total ind~btedness eecured by thie~instriiment and e»dcaced by - ~ aaid promieaory note, the mortgagee will be tntided to a deficiency jud~pnent for the amount of the dej~cie~tcy without ~ ~ regard to appraisement. E ~ - ~ E ; 6. In the e~•ent the mortgagor fails to pa~~ am Federal, atrte, or loca) taz a~e~ment, income tsx or o11~er ta~ ` lien, charge, fee, or biher expense charged agawst t~e property~ tlse n~origagee is hereb}• autl~orized at his o~?tion tu f pa}' the same..AnJ~ swns so paid b~- tl~e mortgagee sliall be added to and become.~ ~?art of d~e principal amount of ihc ; indebtedneas evidenced bq ~aid note; enbject to the same terma and conditione. If the mortgagor ehall pay and' ~ diacharge the indebtedness evidenced by said pron~iesory note, and shall pay such eums and ahall diecharge all = tazes and li~ns and the coeta, feea, and ezpensee of makiag, enforcing, and executing thia mortgage, then this mortgage r shall be cancsled and surrendered. - ~ 7. The covenanta herein eontained ahall bind aud the benetite and ad~auta~eei rhall inurr tu Ihr r.•~~~rrtire ruc- ; ceesore and assigna of the partiea hereto. Whene~•er ueed. the eingular num6er shall include the plural. ~he plural the = singular, and the uae of any gender shail inctude all gendera. 1o waiver of am- covenant herein or of the obliKation :securrrl hereb~~ rhall at am tim~• tiicrra(ter be hcid ~ s to be a waiver of the terme hereof or of th~ notP se~ured iiereb~. . ~ ~ 9. A judicial decree, order, or julTgment holding an}~ prd~ieion ur ~ortiun uf thir iuslrwi~ent in~alid ur un~•n- • forceable ehall not in am• wa~~ impair or preclude the enfon~ment of the rem:~inin~ ~?rovi~iona or portion~ of this instrument. ~ ~ 10. Any written notice to be iaeued to the mort~agor purAUant to the pmviaiona of this inetrutnent aha11 be ad- dreaeed to the mortgagor at P.O. Iiox 3838, Fort Pierce, EZorida ' and any written notice to be iEeued to the mortgaRee ehall be addreaaed to the mortgagee at P.O. Bax 1269, Vero Beach, Flori~a 3.'_96C ~ ~e~ F.~~ sta (~0-~~1 i ~eo~~.~ ~ x~Q : . ~ ~ . , . ~ - - " ' ~ .,r ~ . _ r.