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3. Ti~e morl~agur co~~ruanlr :~n~l aKrree ihut if he ~ha!) fail to Nay ~+rid indrbir~l~~e,+. ur :~n~ ~iart thrr~•u( M•hen
due, or Rhall fail to perlo~~~ ai»~ co~rnant or aKree~i~ent ot this instn~ment or tFte ~?romiK~r~• nutr uecur~•d herrby, tl~e
entire indebtedu~a hereb}• ~ecured Rl~ull immediatel~~ become dur, j~a~~uble, and coll~•ctiblP witt?out notice, at t!?e
option of the mortg~gee or ueu.i~n~. reKardlesa oi maturity, a~d the mortKuKee or hix ae~i~ue~ u?a~ beiore or ~ftrr rntr~
eell eaid property without appraisrment 1 the mort~[aKor ha~•inK wai~~ed an~l a~siKurd to Ih~ murlKaKee nl! riKhlE of
a ppraiaement 1 :
~ ~ 1 at judirial ~+alr pun?uant to the ~?rovi~ionr uI 281;.,.1:. '?.(N)1 ~ a ur
( ~t ) at the opiion of the mortgagee, either by auction or by aolicitation of aealed bide, for the higheet and
beat bid complying wiih the ternis of aale and manner ot payment speci6ed in the published notice of aale, 6ret
~i~iuK four weeke notice of the time. tern~~:, a~~d place o[ Fuch ~wIN, b~ ail~~•rli:rmrnt nut It:•r than uuc~•
duriag each o[ said four weeke in a newepaper publiehed or diatributed ia the county in which eaid pmperty
ia eituated, all other notice being hereby waived b~ the mortgagor (and eaid mortgagee, or any pereon oa
behali of eaid mortgagee, may bid with the unpaid indebtednesa e~idenced by eaid note). Said aaie ehalt be
held at or on the ptoperty to be eold or at the Federal. count~. or cit~ courthouae [or the county in which the
property is located. The mortgagee is hereby authoriaed to e:ecute [or aad o~a behalE o( the mortgagot and to
deliver to the purchaaer at auch aale a sulTicient conve~•ance of said property, which conveyance e6a11 contain
recitala aa to the happening of the default upon which the ezecution o[ the power of aale herein granted
dependa; and ihe said morigagor hereby conatitutea and appoints ihe mortgagee or any agent or attorney of the
mortgagee, the ag~nt and attome~• in fact of eaid mortgagor to make sucl~ recitala and to execute eaid
cor.vey ance and hereby covenanta and agrcee that the recitala so made ahall be effectual to bar all equity or
riKht of redemptiun, Iwnieslea~l, dot~er, aud all uther exemp~iona u[ thr murt~caKor, al) of Hhich are• lic~reh~
expte~l}• wai~•rd and rmi~•e}•rd t ort aKee~ or
r.~ ~ ~ _
I ~~t ? takc: an~• othc:r apE?ropriate actio~~ purr~uanl tu sta~i~ vr F~rel~•ral :tatulr ~•ith~•r iu ~lat~~ ur h~~•~Irr,~l
~•uurt or othPrNi~~ ior the dis~?oPition of the propert~.
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In the event of a eale aa hereinbefore provided, the mortga~or or any peraona in poseeesion under the mort-
gagor shall theu become and be tenanta holdirt~ over~aud eball forthwith deli~•er por.e~+ion to thP purcha:er al
~uch sale or be eummarih~ dispo~~~~ed, ~n accordance witli ihe provieions of IaK applicable to tenants holdinR o~~er.
The power and agenc~• hereba• ~rantP~l are coupled with an interest and arr irrevocable b~~ d~•ath or othPrK•iw~, and
are granted as cumulati~-e to the remedies for coliection of •ai~l indebtedue~. pro~~ided b~- law.
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; 4. The proceede of an} sale of aaid property in acconlance with the preceding paragraphe ahall be applied 6ret
to pay the coate and expenaes of eaid sale, the expensea incurred b~ the mortgagee for the purpase of protecting or main-
taining Kaid prapert~•, and reasonable attorne~s' fees: seco~idh•, to pa~~ ti~e indebtednesis.ecured I~cre1?~: ;~nd thir+ih,
to pa~•~an}~ surplus or excecs to the peraon or pP~ns le~ait~• entided therPto. '
S. In the event eaid property ia eold at a judicial foreclosure sale or pursuant to the power oi eale hereinabove
granted, and the proceede are not aui~ieient to pay the totai indebtedness aecured bv thia inettument and e~idenced by
said promissory• note, the mortga~ee will be entitled to a de6ciency~ jud~nent for the amount of the de/'tciericy wit6out
regard to appraiseinent. ,
6. In the e~~ent the mort~a~or faits to ~?a~ anc Federal, ~t:~te, ur loc:~l tat ~~:ea~n~e~~l, incon~e t~~ or utbrr ta~
lien, charge, [ee, or other ecper~~e cLar~e~~ again~t t1~e propert~~ the morlgagee is herrbv autl~orized at bir optic~n ~o
pay the same. An~• sums so paid b~• the mort~:agee shall be adJeJ to and become a part of tl~e principal amount of thc
iredebiedness e~-idenced by said note, aubject to the same terms and conditiona. If the mortgagor ahall pay and
*liacharge the indebtedness e~idencecl bti- said promissor~• note, and e1~a11 pa~• such sums and ehall discharge all
taxee and liene and the costa, [eee, arid espensee of making, eniorcin~, and executing this mortgage, then this mortgage
shall be canceled and surrendered.
The co~~enanta lterein coutaiueJ sl~all bind aud the benefit6 rnd :11I~:illl:l~;re rliall i~~ure ~u tht• rr,.~?:•i•ii~r -ur-
ceesore and assigna of the partiea hereto. Whenever used, the singuiar number aha11 include the piural, the plural the
singular, and t6e uae of any gender ehall include all genders.
`o waiver o[ an~• covruant hereii~ or of the obliKatiou ~e~~urrd hrreb~ ~h.~il a1 .in~ iimr iht•r~•aft~•r I?e• he•1~1
to t~ a wai~~er of the termR I~ereoi or of tieP not~ ~cure~i hPrFb~.
9. A}udicial decree, order, or jud€meni hol~lin~ auc pro~ i~ion ~~r purtio~~ uf tiii. inrtrtun~~n1 invalid ur wu•n-
forceable ahall not in an~• wa~~ impair or prech~dP the en(oreFment of thr remaininR prm~i<ion: o~ ~?ortion~ oF thi~
instrun~ent.
10. Any written notice lo be ieeued to the mort~aRor purAUant to the rovieiona of thia inetrument eha~l be ad-
dreeeed to the mortgagor at 200 I No, 44th. St. Ft. Pierce, ~orida '
and any written notice tQ ~aaued to the morigaRee ehall
be a~ldreesed~to t~e mortgaRee at 11 1 Orange Ave. Ft. Pierce~ Flon ~a.
~ODI~ °~Cr~J~ J
~BA Ferm Y:R (1fL:1)
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