HomeMy WebLinkAbout0897 ls. lt de(ault be msde in paycneot. whea due, o( anr indebtednes~ xcured hereby. o~ in perforn?ance oI aar d Ii[att-
gs~or's obliaatioas, covenanes or.as~eea?eut~ hercuadu:
(s) Mortsaaee i~ suthorised at aAr time. without .wtice, ia iu sok di~ccetipa w eote~ upoa aad tste poaa~eoA ot t6e
premiKS or anr part therco(. ta per[o~m aay acu Atoct~a~e deeaa naesurr or pcope~ to wrue~ve the saurih aad w col{at
and recave all reats. iwua aad pcotin tl~eroot, iacludiaa thaa pa~e due as wc!! as tlioa ucruins t6ereattu, aad
~ (b) Monaasee ~haA be enu~ed. as a matter ot atrict ~bt aod without reaard to the value or occupancr ot the tecuretr.
to have a rcceiver appointcd to enter upon arxi take poaKUion ot the prera;sa. collat the rents +?nd pro[iq thenlmen and appir
the same as the court mar dirat, such receive~ w have all ths riahts and powea permitted undu the laws ot Fbrida.
In eithe~ such ease Mortsasce o~ tl~e receiver mar ~alw take poaessioa ~i. and tor ehae purpo~a we, anr and sll penoaal
propectr rnatained in the premisa and used by I~ortaasor in the rental oi leasins thereot o~ anr put therwf. Tiie eapeaa
(includias ~eceiver's tecs. cowuei fea, cwu and asent's compensationl iocurred punuant to the powen henin coattiaed ~hall
be xcurec! herebr. Mo~ea~ ,t,~u (~t«~ w~~~ ot ~t ~n ~a expenses incurred) aPP~r ~uch rents. issua and pmfia recdved
bp it oa the indebtedness secured herebr iu sucli order as Mortaa6ee deteaai~es. The right to eater and take pos.essioa oE uid
propertp, W mmase and operate the u~me. aad to collect the teAU. issua aad protiq tbereof, whethe~ by a rcceiver or ot6e~wite. ~
sball be cumulative to suir ot6cr riaht or remedr i~ercundc~ or at(orded bY law, and may be exerased concuRentiy tAecewith
w iadependently thereof. Moregaaee shall be Gable to account only for such rents, iuues and pwtib actuall~ reuived by I.tortssaee• ~ ~
14. It t6e indebtedness secured hereby is now or hereaftu tureher iecured bY cbattd mon~a, pkdaa. e~oatraett of '
auarantp~ assianmena of leaues, or cthe? securides. or it the premises hereby encumbe~ed conusts oE ~re thui oae pucd.
Mortgasee may at ib option exhaust aay one or more ot sa~d securitia and the`aecuritp hereunder, or suc6 parcels oE the sauriq
hcreunder~ either coacurrendy or independeRtir, and in ~uch ordet as it mar determine.
15. No dday by Mortgaaee in exercisin6 any right or remcdr hereunder, or otherwise af[orded br law, ~all operate as a
waivv t6creof or preclude the acerciu thereof durina t6e conanuance of anr default hereunder. No waiver br Mortaasee oE any
dcfault shalt constitute a waiver ot or co~uent to s,ut_yequens defaults~
~16. Without afEectins the liab~itp oi any person( other t6an any penon ~el~ased pursuant bereW) [or paymmt of anr
~ud~btednas secured herebr, and without affecting the p~iority or extent of the lien hereof upon anr pwpert~r not speeiCeallr
relcased punuant hercto. Mort~agee may at any time and [mm time to time. without notice and without limitatioe a~ w anr -
legal rig6t or grivile6e of Mortgaaee: • ~p ~i~(~ $E(;,QROLO
(a) Rdease any per~on liable (o~ psyment of any indebtcdaeu secured hereby_ WC1~ C~IUMTY fL~. ~ ~
~106ER RCIf1l~S .d~,`91
~b) Extead the time or aaree to altu the terms of parment of any ot the indebtedness. ~~fo~ ~li,CWT COURT ~l'' `
(c) Accept additional securitr o[ anr kind. A,Et4!![~ YEfIf+E9 I)
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• (d) Release any propertr securing the indebtedness~ f~~ 11 3 4T ! N~~~
(e) Consent to the crcation of anr easemeat on w over the premises ~r anr coveaana ratncuns use or occnpancy thereot. ;
17. Any aareement henaEte~ made by Mortaagor and Mort&agee punuant to this mortga~e shall be superior to the riahts
of the holder of any intcrvening lim or encumbrance.
18. Mortgagor her~bp waives all right of homatead exemption in ehe property ~ubject to this mortgage.
19. TAe covenants and agreements herein conEaine3 s6a11 bind and the benefits and advantaga shall inure to tLe rapective
hein. eucutors, adminisvaton, succe~ors and assigns of t6e parties hereto. Whemer used, the singular aumber ~hall include
ttie plural, the plural the sinaulu, aad the use of uty gender shall be applicable to all gendcrs. AA covenanb. aareemeau aad
undertakinss shall be joint and sereral. In the event additional numbered covenann are for convenience iruerted in tlus mortsaae
folbwiag tht lesal dacription, such additional covenants shaU be read and given e(tect as though followins thv covenant in
coosecutive order. - -
20. My d~ciatcp ia the amount o[ iuch agsregate taoneWr papn?ent shaU. unlas made good by tlie Mortga~ prior to
the due date oE the ne:t such paymeat, oonstitute ~n evmt of default under this mortgage. At Mongageds option. Mortga6or will
pay a"lste c6arae" not exceeding four per centum (4%) of anr instaUment when paid more t6an fifteea (15) daps after the
due date thezeo( to cover the extn expense mvolved in !?andling delinquent payments, but sucb °late chargd' slull not be payabk
k oat ot the proceeds of any sale made to satis[r the indebtednas secured hereby, unless auch proceeds are tufficimt to dischuse the .
~ entire indebtednas.
~ IN WITNESS WHEREOF, the said Mortgagor~-._C~.EUCFNF_N~1ti1ARDS
~ hereunto set __~1~8__ hand- and seal___~_ the d~y.and yeu (irst above written. -
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~ $ign aled and d~livered ' tDe praence of :
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~ l' t _ C. EUGENE WARDS
~L ` - , ~ : ~ (Sen~)
STATE OF FLORIDA .
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CoUNCY oF St~. Lucie
I. an ofGcer authorized to tate acknowkdgmenu ot deeds according to the laws of the State o( Fbrida, duly qwlified and
uting, HEREBY CERTIFY that C Fti ENE EUW~R1)S
~ to me personally tnown, thia day personaUy aPpeared a+~d acknowlcdged before me that ezecuted U?e EongoinE Mort-
~ aage, snd'I FURTHER CERTIFY that I know the said perw~ mal~ing uid act~w~.ledgment to be t6e indivi~w~
r dacribed in and who acecuted c6e uid Moregase.
~ AND I FURTHER CERTIFY that ~aid
~
~ is krawn w me w be t6e wite oi uid
~ and that she this dsY uknowkd6ed to and bcfore me, upuatdr and apart from her said husband, ehat ihe e:ecuted the uid
~ Mort6a6e Deed i~r ehe purpca~ o( ruwuucing and relinquishing her dower and riaht of dower ud separate dtate in aad
eo the lands chaein described. and that she executed the ~me treelY and voluntarilr and vnithout compul:ioa, constraint, appre.
~ henaion ar tear of or from her husband. - -
IN WITNESS WHEREOF~ I hereunco ,et mr hand an~~piGw{,nal at Fort Pierce ~d ~nh,
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ana s~ae~, eb;, ~rt, a,, ~ Fphr~rT
.a`T':~ ~AR.I: „ ~9~L_
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- 'o~'• ~NOTaRY'so~1~Y_~s= ;X'- ~!;T.~_.~~~_~ ~
- PUBLIC. ~HO"~' p"blic Seate of Fbrids at Luse
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. 9 SEAi. o~ L tueM:sa+.
~ 't~~ rf`'.,_ ...=~R NOTARY PUBLIC STA1E Of FLORIDdI AT IA~E
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