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Home My WebLink About0863~~~~~ ~ ~ .~~:~t . ~ 3. The morlgagur cu~rnant~. and aKreea that if he dhall tai) to E-a~ e+ai~I Iu~Iel~tt:~Il~r~ ur an) ~~arl tl~rrcuf w~l~ru ~lue, or el~all fail to perforn~ au~~ covrnant or aK~eement o[ thia inetruiuent o~ tl~e prwniKaur~ notr e~ecurrd hrreb~~. ~h~ e~ntire indebtedness hereb~ aecurcil ahal) immediately becume due, pa~able, and colirctiblr withaut notice, ~t thF option ot the mortKaKee or an.+iKn+, rF~;a~dlesa of maturity, and thr murtKagNr ur hi~: :~~iKn~ nia~ before• ur after entr~ .ell eaid property withuul apprai:u~mrnt i t1~e mort~taKur havinR M~ai~ed an~l axHi~nr~i to ihr n~oNKaKee al) riKhtr uf appraiaement 1 : ~ ~ 1 a~ judicial ~ale ~~ur~+uant to the ~-ro~•i~iunh ui 1~.8 1~.~.1:. ?lii)1 ~ a ~: ur ( ~t) at the option of the morigagee, either by auction or by eolicitation of eealed bids, for the higheat and beat bid complying with the tern~e oE eale and manner o! payment apecified in the publiel~ed notice of eale, firat ~tivinK four weekF notice of tlae timr. trrn~~, and plac~• nf ruch ~ale, b~ a~hrrli-rm~•nt i~ol Ir..~.ll~an ut~cr during each of eaid four weeks in a aewspaper publiehed or diatributed ia the county in which said propert~ ia eituated, all other notice being hereby waived by the mor1~~~ `,(~6d;~id mortgagee, or any peraon on behali oI eaid mortgagee, may bid with tlie uapaid indebteJneaa evidenced by esid note). Said aale ehall be held at or on the property to be eold or at the Federal, count}, or cit} courthouae for the count~ in ~.•hich the pmperty is located. The mortgagee is hereby authorized to execute for and on behali of the mortgagor and to deliver to the purchaser at euch eale a euAicient. con~•e~~ance oi•eaid property. which conveyance ehall contain recitale aa to the happening of the default upon which the ezecution oi the power o[ aale herein granted depends; and the said mortgagor l~ereby conatitutee and appointe the mortgagee or an~ agent or attomey of the mortgagee. the ag~nt and attorney in fact of eaid mortgagor to make euch recitala and to execute eaid cor.veyance and hereby covenante and agrees that tl~e recitals so made eha11 be r6ectual to bar all equity or ri~ht of redemption, I~omr~trad, ~lower, and all other exemption~ of tl~r murlKa~ur. all o( which arr herPh. e:~rec.~h~ waivPd and conveyPd to the mort~aKee: or ~u!> takr an~• other apprupriate actio~~ Nurau:~nt to rtal~• or E~edrral ~tatut~• rithrr iu ~~AIr or N~wirral ~•ourt or othP~N•ise for ihP diepoeition of the proprrt~. In the event of a eale ae hereinbefore provided, the mortgagor or an} peraone in poaeeaeion under the mort- ea~ur ehail then became and 6e teuanta holdin¢ o~~er and shall forthwith ~leli~er {~uru:ri ion to ihE• purcha~cr a~ -uch sale or be summaril~ diz~pos.+ee~ed, in accordancr with the proviaion6 oE laM ap~~licable to trnant• I~ol~lin~, ovrr. l he power and aKenc~- hereby Krante~l are coupled with an interebt an~l are irre~ucable bv ~~ralh ~~r oth.•rwi4•, :u~~l ~~rf~ granted aa cumulative to the remrdiee for collection of ~ai~l in~lebtednrr: pro. ide~l b. law. 4. The proceede of any sale of said property in accordance Kith the preceding paragraphs ahall be applied 6ret to pay the coata and expenaea of eaid eale, the e:pensee incurred b~ the mortgagee for the purpoee of protecting or main- taining raid properl~•, and reasonable attorne}•e' (ees; aecondl~, to pay th~ in~IrMPdn~•:~ ~ecurP~l h~•ri•b~ : an~l tl~ir~ll~. tn pa~ an~• surolus or exceas to the person or perwnE !e~[ally entitled thereto.' ~. In the event aaid propert~~ ie eold at a judicial forecloaure eale or purauant tu the power of sale hereinabove ~:ranted, and the proceede are not euffieient to pay the total indebtednes- +ecured b~ thie inetrument and e~~idenced by ~aid promieaory note, the mortga~ee will be entitled to a de6ciency judgment for the amount of the defi~iPncy without regand to appraisement. 6. ln the event the mortKaRor fail~ to pac any Federal, -t~te, ur local ta~ a~e~meul, incamr tax or utl~rr ta~ lien, charge, fee, or other expense charRed againet tl~e property the mort~agee i. hereb~ authorized at hi~ opti~~n ~u E~a}' the eame. Any sume ao paid b}~ the mortgagee eha~l be addeJ to and become a part of d~e }~rincipal amount o( tl~~• indebtedneas e~~iJenced by eaid note, eubject to the eame terme and conditione. If the mortgagor eha1) pay and ~lischarge the indebtedneee evidenced b~ eaid promieeory note, and ehail pay euch eume and ehall didcharge all taxee and liene and the coeta, feee, and e:peneee of making, enforcing, and Pxecuting thie mort~tage, then thie mortgage ohall be canceled and eurrendered. 7. The covenanta herein containe~ ehall bind and the 1>enefite at~d~ed~a~~laKr, ~I~ell inun• ~u ~h.• n•,.~~rc~i~r -u~•- ceeeore and ae~igne of the parties hereto. Whenever ueed, the eiaRular number ~hall includ~ the plural, the plural the eingular, and the uee of any g~rnder shall include all genders. 8. No waiver oi any covenant herein or u( the obliqation decurrd herebt Mheil at an~ tim~• thrrref~~•r I-r h~~l~l to be a waiver of the terme hereof or of the note eccured hereb~. ,- 9. A judicial decree, order, or judgment I~olding any },roviaiun ~r purtio~~ o( thir i~~dtrwurnt imalid ur u~~~•n- forceable ehall not in any wa}• impair or preclude the enforcement of the remainin~ ~~roviRione or porlionF of tluw inetrument. 10. Any written aotice to be ieeued to the mortgaaor pursuant to the provieicns of thia inatrument ehall be ad- dreased to th. mortaaRor at and •nr written notice to be iesued to the mortga~ee shall be addresred to the mort~agee at 300 Soutl~ Sixth Street, Fort Pierce, Florida 33450 . ^ /~A GPO 921-2~~ TfL1~1~~ l~~C VV~ SBP ~fiRM 97A f7-'?)