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HomeMy WebLinkAbout2349 l3. II detauit be aiade in payment, when due, ot any indebtalneu secu~ed hercby. or in pertormance o( any of Mo~t- gagor's obligation~, covenants o~ agrcemenu he~eunder: (a) Mortgagee is authorised at aay time. without notice, in iu sole diu~etion to enter upon and take possession o[ the premises or any patt thereof, to pertona an~ scb Mottgagee deems naeuary or proper to conunre the xcurity and to collect and receive all rents, iuua and pmfits thereof. iacludina thaae pai~ due as weU as those accruing thereaite~, and (b) Mortgagte shall be entitled, as a matter of ttrict right and without regard to the ~•alue or occupancy ot the secu~ity, to have a receiver appointed enter upon and take pos~euion of the pnmisa, collect the rents and proGts the~e[rom and apply the same as the court may direct, :uch receiver to tuve aU the righq and powen permitted under the lawn o[ Fb~ida. ln either such case Mortgagee oe? the receive~ msy also take posscssion ot. :?nd tor thae purposa ux. any and all Exnonal property contained in the premises and used by Mortgago~ in the rental or leasing thenwf or any part thereo(. The e:pe~u (including ~eceiver's fees. counul tees. cwts and agutt't compensation) incurred punuant to the powen herein conWined ~all be aecured hereby. Mortgagee shall (atte~ payment of all cwts and expenses incurred) apply such rents, iuua and profits received by it on the indebtedneu secured hereby in such order as Mortgagee detemnines. The right to ente~ and take poasession of ~id propertp, to manage and ope~ate the same, and to rnllect the rents. issua and profiu thereof, whether bY a recciver or otherwise, ~haU be cumulative to any other right or remedr hercunder or atforded by law, and may be uerciud concurrently therewith o~ independently t}?ereof. Mortgagee shall be liable to account only [or such renb, issua and protits actually received by 1?iortgagee. - 14. If the indebtedness secured hereby is now or he~eafter further securcd by chattel mortgaga, pledges, conuacts ot guaranty, assignments of leases, or other securitid, or i[ the p~emi~es hereby encumbere~ t~su of more than one parcel, 111ortgagee may at its option exhaust any one or more of said securities and the security_hereunder, or such pucels ot the security hereunder, either concurrently or independently, and in such order as it may determine. l5. No delay by Mortgagee in exercising any right or rcmedy hereundc~, or otherwise atforded by law, shall operate as a waiver thereof or preclude the exercise thereof during the rnntinuance ot any default hereu~dcr. I~o wai~•er by Mortgagee of any de[ault shall constitute a waiver oi or consent to subsequent defaults. 16. Without a[feccing the liability of any penon( other tha~ any peno~ rcleased punuant hereto) for payment of any . f indebtedness secured hereby, and without affecting the priority or extent ot the lien hereof upon any property not speciGcaUy ' releascd pursuant hereto. Mortgagee may at any time and [rom time to time, without notice and without limitation as to any 1 legal right or privilege of Mortgager. fILEO t.4~ ~ECGROED ~ ST.IU~:i~. ~~~HTr flA. . (a) Rdease any person Gable [or payment o( any indebtedness secund hereby. RG,,;• :'":'e^•,AS - (b) Extend the time or agree to alter the terms of payment of any o( the indcbtedness. CLf i CG'l:RT ':^rFl•:E ~1::_; (c) Accept additional security o[ any kind_ 1¢e -R~Gs~.•(,_ (d) Release any property ucuring the indebtedne~s. 3 ~ 48 P11 ~~'1 (e) Consent to the creation of arty easement on or over the premises or any covrnants ratricting use or occupancy thereo(. 17. Any agreement hereatter made by Mortgagor and Mortgagee punuant to thu mortgage shall be superior to the rights of the holder of any intervening lien or encumbrance. " ~~A~~~ ~.~o tg3gor hereby waives all right of homatead exemption in the property subject ta this mongage. 19. The co~enanu and agreemenu herein contained shall bind and the benJts and advantags shaU inure to the respective heirs, executon, administraton, succeswn and assigns of the parties hercto. Whve~er used, the singular number shall include the plural, the plural the singular, and the use of any. gender sh~all be applicable to all genden. All covenants, ag~eements and undertakings shall be joint and se~eral. In tlne everit additional numbered covenants are for convenience inserted in this tnongage foUowing the tegal dacription, such additional covenants shaU be ~ead and given efEect as though [oUowing this cov~nant in consecutive order. 20. Any d~ciwcy in the amount of such aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. At I1Sortgagee's option, Mortgagor will i pay a"late chargd' not exceeding four per centum (49~0} of any irutallment when paid morc thaa Cdteen (IS) days after the ~ due date thereof to co~er the extra acpense ~mrolved ia handling delinquent payments, but such "late charge" shall not be payable out of the proceeds of aay sale made to satisfy the indebttdness secured hereby, unless suc6 proceeds are sutficient to disc6azge the ~ entin indebtedness. ~ ~ IN WITNESS WHEREOF, the said Mortgagor_~_, ~EP~T.EIk' - T ~ _ Ri1F nTxnh _ his wiie . b ! here o x~ ~heir band- and sea1S the day and year first above writtcn. _ ~ ~ Si , ed nd ~e in the pruence of : ~ „M! -~ECOROEO , • Y FIA. aeL) ~ F;~.;;.: , -~as STEP WAYr;E D ~ ; ~ Cl~i:~. : .:.i:~ C~URT (Sew~> STATE OF FLORIDA . LIIv"DA SUE DIX0;3 ~ Quc ~ 3 za~H'i?~ ? ~ COUN1'Y OF QX~B : ~~~'.._8 g Lu i~ I, an oi~cer aut~oraed to take acJ~nowledgments of deeds according to the laws ot the Swte of Florida, duly qualified and ~c~ng, HEREBY CERTIFY that STEPY.E?3 I•:AY;7E DI~Oi~ and LINDA St3F. DIXON, his wife ; to me Fxnonally known, thu day penonally appeared and acknowledged be(ore me that executed the foregoing Mort- gage, and I FURTHER CERTIFY that I know t6e uid perwn g making said acknowledgment to be the individual S described in and who executed ehe said Mortgage. S': ~ AND I FURTHER CERTIFY that said L~T'~A SUE nl~~0id ~ e~r~vur~• r•+vn r ilT`tflTti is known to me to be the wife of said ~ and that she thu day acYnowledged to and before me, separatdy and apart from her said husband, that she executed the said ~ Mortgage Deed [or the purpcn~ of renouncing and rdinquishing her dower and right of dower and upuate atate in and ~ to t6e lands therein described, and that she ezecuted the same freely and voluntarily and without compulsion, consuaint, appre- ~ hension or fear of or from her 6usband. j unty ~ IN WITNESS WHEREOF. I hereunto set my hand and o[ficial seal at ~n~~r v~~RrF ~ ~ - , ~T7~~ • : and State, this 8th dar ~ August A. 19 ~~)j p,AIE L WIRMESOt1. , : s 1q111RU PUBLIC STATE OF fLORid1 AT LARGE • e•• p~p~gES MARCH 81, 1978. Notary Pu c S te oC:~tqla My commusion eapires ~Y C~MISSION : u+ . ~ • ~l~f'y~.; ~I~ E~'RK230 PAf.;E~J~V ~COK~~O PACF~99o ~ x: - - _ _ ~ . _ . ~ k ~n~: ~ - ~ _ _ _ _ - - - ~ ~ =-~.~r y`~- ~ - . ~ . ~w_ _ .