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Home My WebLink About0584. ~ i,1~ ~ ~;r; ~~ 3. The mo~tgagur covenants and aRree~ that it he ~hall ~ail to pay ~wid inJebtedneas ur an~ part. thereof wlien due, or shaU fail to pertorm any covenant or ag~eement of this instrument or the promis,wry notr secureJ hereby~ the ealire indebtedne:-a hereby eecured shall io~mediately become due. payable, and collectiblP withoul notice. at ihe option o~ the mortgagee o~ aasi~ns. regardleas of maturitv. md the n~ortRagee or hiu assiRuu ~nay beforP ur after entr~ aell said prnperty withoul appraieement Ithe mortgaRor havinR waived an~l s~seiKne~l ~o Ihe mort~taRee all riKhts of appraikment 1 : ' ~ ~ 1 at judicial sale pun-u~nt to the provieiuns u[ 28 U.S.I:. 2U01 i,~ 1; ur ( tt ) at the option o[ tbe mortgaaee, either by auction or by solicitation of sealed bid~, for the higheat and beat bid complyin6 with the tetms of eale aad manner ot payment specified in the publishcd notice of sale, fint RivinR four weeks notice of the time, tern~~, and placr of huch sale, M a~l~rrtiKrn~ent nol Irw~ Ihan u~u•~• duriag each of eaid tour weeks in a new~paper publishcd or distributed ia the county ia whic~ said property ia situated, all other notice being henby waived by the mortgagor (and wid mortgagee, or any penon on bel,all ot eaid mortgagee, may bid wit6 the uapaid indebtedaeas evidenced by said note). Said sale sh:ll be held at or on the property to be wld or at the Federal, county. or city courthouae for the county in which ihe property is locatcd. The mortgagee is hereby authoriud to ezecute for and on behalf of the mortgagor and to deliver to the purchaser at such sale a su~cient conveyanct of said property. Mrhich conveyance shall contain recitals as t~ the happeuing of the default upon which the esecutioa ot the power of sale herein 6ranted depende; and tlie eaitl mortgagor hereby conatitutes and appoinb the mortgagee or any a6ent or attorney of the mortgagee, the a~:nt and attorney in fact of said mortgagor to make euch recitals and to execute said conveyance and hereby covenante and agreea that the recitals w made aha11 be eHectual to bar all equity or right o[ redemptiun, humeatead, dower. and all other exen~p~iona oi thP mortKa~tor, ail o( which :~rr hereh~ expreaal~ waived and conve~•ed to the mortga~ee; or ~ ~> - ~i~`'rk'~"m _.-.. . (111) ta~r xny ot~er appruNriate actiun punwal~l to ut~le,ur E~edrral rlalutr rithrr in •lalr ur f~rdrral .-ourt or othrrwiee for the disposition of the properh~. '~~.:~'~`:~ In the event o[ a eale as hereinbefore provided, the mortgagor or any pereona in posseesion under the mori- gagor ahall then become and be tenanta holding over and ehall forthwith deliver poaaeeu~ion to thP purehalser at ~uch sale or be summarily dieposaeeaed. in accordance with the proviEiona of la~c a~-plicable tu tenanta I~ol~lin~: over. The power and agene}• hereb~~ Rranted are coupled with an intereat and are irre~~ocable bv ~It•ath o~ uthrrM-iN•, an~l are granted aa cumulative to the remediee ior collection o( aaid indebtedne~ provided bv IaM~. 4. Tht proceede of any sale of said propert} in accordance with the preceding paragraphe sha11 be applied 6ret to pay the coeta and e=penee~of said sale, the e:ptnses incurrcd hy the mortgagee for the purpose of protectin6 or main• taining eaid properiy, ana c~asonable attorne~•a' [eea; eecondly. to pa~ tl~e iu~lrbtednr,;a Kecureri hereb~ : an~l thirdh. to pay any eurplue or exceae to the pereon or peraons le~call~ entitled thereto. S. In t6e e~ent aaid property ia ~old at a judicial foreclosure sale or purauant tu the power oi eale hereinabove ~ranted, and the proceede arc not sulGcient to pay the total indebtednese eccured b}' this instrument and evidenced b~ eaid promiasory note. the mortgagee wil) be eotitled to a de6ciency judgtnent for the amount of the deficiency w~ithout resand to spp~aj~ement, 6. In the event ihe morigagor faile to pay any Federal, ritate, ur local ta~ a~eeseme~u, income tax or uthrr ta~ lien, charge, fee, or other e:penae charged againat tht property the mortgagee is hereb~~ autl~orized at hie o~~tion ~u F~a~ the eama Any eume w paid by the mortgagee ehall be added to and become a pari of il~e principal amount ot tlic indebtedneas evidenced by said note, aubject to t6e eame terms and conditions. If the mortgagor ehall par and ~lixharge the indebtedneas evidenced by eaid promissory note, and ehall pay such sume and ehall diecharge all tazee and liens and the caeta, fees, and e:peoses of making. enforcing, and ezecuting this mortgage, then this mortgage •hall be canceled and surreadete~. 7. The covenants herein contained shall bind and the bene6ta and advantage~ ehall inurr tu ~hr rr,.prcli~r ruc- ceesors and assigns of the partiea hereto. Ahenever wed. the sinautar aumber ~hall include the plural. the plural the ein6ular, and the u~e of anr 6ender ~haU inclnde all aenden. 8. No waiver of any covenant herein or uI the obligation recurrd hereby ahall a1 en~ ~ime iherr:~Ftrr br hrl~l ta be a waiver of the terms hereof or of the note secnred hereb~. 9. A judicial deeree, order, or judgment holdina any provision or purtio~~ uf thia iuntrwneat invaliJ ur unc~r forceable shal! not in any way impair or preclude the enforcement of the remaining ~~rovi~ion6 or ~~ortions of this insttumwL 10. Anr writtea notioe to be wued to tbe mortga6or punuant to the provuicns ot thi~ instrnmwt ahall be ad- dnwedeotl+'mor~a~orac 3222 Center South US#1, Bldg.3214, $a~ ~ F~ Pi rce, F a and aar ~rrittea noWx to be us e to t e mor~a~ee sha1~' be addres~ed to t6e mottaaaee at p, p, BOx 8, Ft . P ie rce , FL 3 3 4 5 4 ~'~`1k •J~ r~!~E •JV ~ GPO 02~-21~ ~ .-,~_;::'~i SBA FORM 928 (2.73)