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Home My WebLink About1626 z 3. The mortgagor covenan~s end xgrees that if he ~hall f~il to pay wid indebtednea,? or an~~ part thereo[ when due. or shall fail to pertorm any covenant or agreeraeat of t!w icutru~nent or the promissory• note eecured hereby. the eatire indebtedneaa hereby eecured ehail immediately become due, payable, and collectible without notice. at the option o[ the mortgagee or aasip,ns. regardleae of maturity, and the mortga~ee or his aeeigne n~ay before or after entry ~ell ~aid property without appraieement 1 the mortg~~or having waived and ~asiKned to tl~e mortRagee all riqhts o[ appnisement) : 1 at judicial eale •purouant to the proviaions oi 28 U.S.C. 2U01 1 a); ur e (tt) at the opt ;oa of the mortaaaee, eittier br auction or by wlicitation o[ sealed bids, for the hiahe~t and best bid complyin6 ~Arith the tetau of eale wd manner of payment ~peci8ed in the publiehed aotice o[ eale, fir~t qiving four weeks' notice of the time, tern~a and place o[ such sale, b~~ adveHi~en~ent not lewc il~an unce durin6 uch ot said fonr weeks ia a new~paper pnblis6ed or di~tributai in the countr in wBic6 ~aid property i~ utuated. all other notice bein; hereby waived by the mort6agor (and said mortgagee, or any perwn oa behalt ot said mortgaaee, may bid with the nnpaid indebtednc~s evidenccd by ~aid note). Said sale shall be held at or on the property to be sold or at the Fedcral, county, or city courthouse for the county ia which the property i~ located. The mort6agee is hereby authoris~d to ezecute for and on behalf of the mortgagor and to deliver to the purchaaer at such sale a eu~cient conveyanoe`o~ iai~p4operly, which conveyance sha11 rnatain rec~tab u. to the 6appenina of the default npon which the ea~ecntion of the power o[ eale herein granted dependa; and the said mortgagor heraby conatitutes and appoints the mostgagee or any ~gent or attorney of the mortaaaee, the a~at and attorney in fact of said niortaagor to make such recitals and to e:ecute said coaveyanoe and hereby co~eaants and asrces that the recitab w made shall be eHectual to bar all equity or ~ right o[ redemption, homeatead, dower. and all other exemptione o[ the mort~caKor, all of which are liereb~ expreeely waived and conveyed to the mortgagee; or (ut1 take any other appropriate action purauant to etatc ur h'ederal ~tatute either iu ~1atr ur F~e~lrral court or othrrwiee for the diepoeition of the propert~'. In the event of a sale as hereinbefore provided, the mortgagor or any pereons in poeeeaeion nader the mort- grgor ahall then become and be tenante holding over and ehall forthwith deliver poaeeerion to the purchaeer -at such sale or be summarily diepoeeeaeed, in accordance wiih the pmvisiona o[ law applicable to tenant~ holdin~t over. The power and agency hereby granted are coupled with an intereat and are irrevocable by ~ieath or othen.iee, anci are granted as cumulative to the remediea for collection of eaid indebtedneae provided b}• laN. 4. The proceeds of any sale of eaid property in accordance with the precedin6 paragraphs shall be applied 6ret to pay the costa aad ezpeosea of said sale, the e:penses iacurred by the mortgagee for the purpose of protectina or main- taining eaid property, and reaaonable attorueye' teea; eecondly, to pa~- the indebtedneas eecured herebv; and thirdly, j to pay any aurplus or ezceae to the pereon or pereona legally. entitled thereta i i i 5. In the event said pmperty is sold at a jndicial foreclosure sale or pureuant to the power of sale hereinabove ~ Sranted, and the proceeds are not sufficient to pay the total indebtedneae eecured by thie inatrument and evidenced by ! said pmmiesory note, tE~e mortgagee wi11 be entitled to a deficieacy judgmeat for the amount of the deficiency urithout resard to appraisement. . 6. In the event the mortgagor faile to pay any Federal, state, or Iceal tax ~aeeeame~u, income tax or uther ta~ lien, charge, fee, or other espenee charged againat the psoperty the mortgagee ie hereby authorized at his option tu , pay the eame. Any eume so paid by the mortgagee shall be added to and become a part o[ the principal amo~~nt oi thc I ins~ebtedneas evidenced by eaid note, eubject to the eame terms and conditiona. If the mortgagor ehall pay and diecharge the indebtedneas evidencxd by said promieeory note, and ehall pay euch eume and ehall diecharge all tazea and liene aad the coeta, fees, and ezpenses of malcing, enforcing, aad ezecuting thie morigage, then thie mortgage ~ •hall be canceled and surreadere~. 7. The covenants herein contained ehall bind and the bene6ta and ad~~a~~tage~ ~I~all inare lu thr rr~prcti~e suc- ~ ceasors and usigns of the parties hento. Whenever wed, the singnlar number ahall include the plural. the plural the a singular, and the we of any gender shall include all genders. ~ ~ ~ 8. No waiver of any covenant herein or of ihe obligation uecurrJ hereby ehall a~ an~ ~ime therrai~er be hrl~t to be a waiver of the terme hereo[ or of the note aecured hereby. ~ ~ ~ 9. A jndicial decree, order, or judgment holding any provision ur purtioa u( tl~i~ iuetrumeni invaliJ ur w~cn- ~ forceable shall not in any way impair or preclude the enforcement of the remainin~ ~~roviPione or ~wrtions of thie instrumen~ 10. Any writtea notice to be isened to t6e mortgasor pursuant to the provi~ions of this instrumeat shall be ad- dresscdcoch~morcaaRorae 1118 Colonades Drive, Fort Pierce, Florida 33450 and any written notioe to be iesued to the mortgagce shall be addree.ed to ehe moreaagee ae p, O. Box 8, Fort Pierce, Florida 33450 ? ~ ~ ,~.~~'.~'312 ~,~;F16~4 SBA FORM 928 (2-73)