HomeMy WebLinkAbout0236 i ~t~C. _ . .
3. The mortassor covenants aad a~ree~ tbat if he ~hdl Iail to p~y said indebtedness or any patt thereoi when
due, or ahall fail to perlorm ady ooveaaat or a~te~n?e~tt ot tais iwtr~ment or the proraiewry note secuscd hereby. tha
eutlee iudebtedaen 6ereliy ~ecured ~hall ia~mediately beco~ne due. p~yable, aad collectibte wlthout aotice. at the
option of t6e mortaaa6ee or ~usi6a~. e~e6ardleM oi maturity, iwd the mort~agee or 6ia a~si~as may iiefore or dter eatry
~ell s~id propestr M?ithout appni~etnent 1 the mort~a;o~ havin6 waivai and usiR~e~l to the mortRaRee all ri~ht~ oi
appt~i~esaent) :
1 at judicial ~sle ~pue+ruaat to the provisiotu of 28 U.S.C. 2001 1~); ur
( tt ) at t1~e opdoa of tLe mort6a~ee, eitl~er h~ anetioa os b~ ~oliaiation .o[ ~eakd bid~, [or t6a hi66e~t and
best bid caapl~ina wlth the terau of sale aad manner oi paymeat specified in ths pnbli~hed notioe ot sale, fir~t
~vin~ [oue weeks' noUoe of the time, terms, and plaoe.oi wch sale, by +~dvertiMen~eat aot larr tl~aa unce
darin~ eich oi said ionr Mreek~ in a ne~np~per pnblis6ed or di~tributed in tbe eountq in ~rhich sdd propert~
is aitwteil. i?ll other notioe bcin6 hereb~ ~?ai~ed br tbe mortaa~or (~nd Mid mort6asee, or mr perwa oo
behalf ot s~d mottaa~ee, ma~ bid ~rith tbe unpafd indebtednas evldenoed br Nid note). S:id sab:~6~11 be .
~ 6eld at ot oa the propertf to be wld or at the Fedaral. oount~, tp conrthowe for the oountr in ~r6ic6 the
P~'oP~~ i~ located. The ma:t6aaee i~ hereby anthorise~ ~iil~re~or aad oa behali ot tLe mortsa~or aud t~ :
dalirer to t6s pnrch~es at wc6 ~a1s a~ oonve~anoa oi said ProPettr. ~rhieL oonv_epaaoa shi~l eontaia -
recitab, a to tbs }uppadna oi t6e detadt npoa w6ic4 tbe esecntian of tha po~ver of sala herei~ ar~nted
depends; and t6e said mostaa6or henby oon~titntea and appoints tha mortaaaee or any a~ti or ~ttoeirv~ of tba `
mortaaaee, the a~at md attorner in [~et.o~~ ~d,tnbM~qF1~ make wch recitaL aad to ~ce+~te aid -
oonre~anoe and hereb~ oov~aants aad ~~ees ~hat the racitaL w made shall be eHeetaal to bar all eg~uq os -
riaht of e+edemption, homeate~d, dawer, and all ot6e'f, e~ce~uptions of tlie mortp~a~or, all of which ara hereby +
e~cpnesly waived and oonveyed to the mortaa~e; or e;.:-,r:
~ i ' ~TU
- !li !.G 1~F.`, !~r f ` ~
(ut). take any ot6er appmpriate action punuant to state or Fedenl statute either ia ~t+~tr ur Federal -
coatt or oth~ewise for tbe diaposition of the property. - ~ 4
Ia the e~?mt of a sale r hereiabefore provided, the mortaa6or or m~ penons in poMa~i~ nnder t6e mort
S~~or ~6a11 tlrea beoome and be teaanta lwldin~ over and ahall forthwith deliver pwseasion to the pnrchaser al
snch sale or be summarily disporse~sed, in aooordanoe with the provisioaa of law applicable to tenants holdinE over.
The power and a;we~r hee+eby araated are ooupkd wit6 an interdt and are irrevocable by death or otherwire, ~nd
:n 6ranted as cnmalative to the remedies for collection of eaid indebtednees provided by l~w. i
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4. Tite prooeed~ oi ~n~ iale of said propertf in aooordanoe ~ritL tha P~~6 P~+~aplu ~haU be applied fust
to par t~he oost~ md apen~ ot said sale. the ezpen~e~ incnrred br the mortaaaese for t6e pnrpwe ot proteetina or main-
tiinina esid propertr, and reasouable attorneys' fe~s; ~econdly, to pay the indebtcdneas aecured hereb. ; and thirdly,
to pay any anrplw or esoa~ to tbe pecson or penons leEally entitled thereto. -
S. Ia the e~eat said propertX i~ wld at a jadidal foreelwan sak or pnnuant to tLe po~?u d~a1e here~nabm?e
~ 6ranted, and the pe~ooeeds a~not ~t to Pa7 the tatal iadebtedne.s seenred b~ thi. in.trument and ~?idenoed b~
~ said pmmiMOry note. the mort;a~ee ~rill be mtitl~d to a deficieac~ jnd~ent for the amount ot the deJ~ciencp witkout
re~nd to sPPni+e~wawt.
~ 6. In the event the mortaa6vr faib W p~y anr Federal, state, or loeal tas ~wseasmwt, income tas or other tax
Gen, cbar6e, fee, or other eipeo~e cbataed aaain~t the Pt'operty the mortsagee iu hereby authorised at hia option to ~
pay the sama Anp snms ~o paid by the mort;aae~e shall be added to and beaome a part of the principal amount of thc ~
indebtsdner e~?idenoed by ~aid note, snbjeet to the same terms and canditiom. If tLe mort~aaor ~hall pa~ md '
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di~chae~e tLe indebtednas e~ideaoed bT ~aid promi~wrf nota and ~6all pa~ snch snms aad ~haIl diichar~e all ~
tua and lie~s aad tLe costs, fees, and ezpease~ of makia~,-eaforcing, aad ezecutiag this mort;aae, thea tbia mo~e ~ .
~hall be canoe~ed aad sast~eodered.
T6e coven~nb 6erein oontained shall biad aad the bene6is aad advanta~a~ shall iaure tu the rrupective w~~y .
ce,ron md a~siaos of the parties hueto. ~6eaa~rer n~ed, the w~nlar number s6a11 inclnde tLe plnral, tLe plural the
ainanLr. and the n~e oi an~ ~mde.r ~hall inclade all ~wders.
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8. No waiver of an~ twvenmt herein or oi the obliaation recured hereby shall at ~n~ time therrafter be held s
to be a~raiver of tLe terms bee+eof or of the note ~ecured hereby.
9. A jndicial decree, order, or jnd~nent holdina aar provirion or ~?ortion of thi,~ inr~ruu~eut invalid ur uncu-
Eorceabk ~LLall nd in my way impair or praclnde the eaforoanent of the rem~ininE pcoviaons, ~r portions oE thu ,
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in~t ~
10. Aa~ w?r~ttea notioe to be i~sued to the mortaaaor purwant to the prorisioa~ oi this iadrnmeat shall be .~d-
• de+ersd t~o tbw ~a~yqor at 601 S. '
Market St~ ~rsiqeo notios to be iMned ea the mortaa~ee shJ! :
b e a d
a=~ e ~ e a to t
6 a a~ t~~ t P i e r c e, F l a. , f
:
111 Oranqe Ave., Fort Pierce, Fla. 33450
36A FORM 928 (2•73) 6CQ~~~~ f~~E