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Home My WebLink About0995 ' ,t~ • cl ~~1 3. The mortsa6or cove~ant• •nd agre~ that if he ah~U f~il to pay snid indeb~edne~ or an~~ part thereof when due, or ~hall fail to pertorm any covenant or agreemeat ot thi~ ituttument or the promissory note ~ecured hereby. the entire indebtedaeas hereby secured ~hal) immediately become due. payable, and collectible without notice, at the option o! t6e mort6agee or aseign~. re~ardleas of maturity. and the mortRagee or hir as~igns may be(ore or a[ter enir~• ~ell ~aid pmperty withoul appraisement Ithe mortgaRor havinR waive~ ~n~i assiKne~ to tl~e mortRaRee sll riRhis o( apprai~emeat) : 1 at judicial sale punuanl to the provieion~ o[ 2$ U.S.C. 2A01 ur . (it) at tl~e option of the mort6a6ee, either by auction or by wlicitatioo of ~eale3 bid~, for the hiahat and best bid complyin6 with the ternu of aale and manaer oi paymeat ~peci6ed in the publuhed notice of sale, fir~t giving four weeks notice of the time, tetms, and place o( ruch rale. b~• advrrli,~en~ent not le,~s t{~an unce durina ucb o( said four weeka ia a newspaper published or d'utributed in the county in which said propert~ ~ is situatal, :11 ot6er notice beina hereby waived by the mortaaaor (aad .aid morc6aaee, or any petwn on behalE of said mortaasee, may bid with the unpaid iadebtednew evidenced by uid note). Said ~ale sh:ll be held at or oa the prnpertr to be wld or at the Federal. count~, or city coueihowe for the conaty in which the propettr i~ located. Tlie mort~aaee u hereby authoristd to e:ecute"I?r,q~ ta L~hali oi the mortaa6or and to deliver to the purchuer at ~uch sale a~u~cient conveyance of said prnpert~; which converanoe shall contain recitaL u t~ the happenina of t6e default upon which the e=ecution of the power o[ ~ale herein 6ranted depends; aad the uid moet~aaor hereby cowiitntes aAd appoiab tha mortaa6ee or any saeat or attarney of the mortga6ee, the asr.nt and attorner in het of iaid mortaa6or to make such reeit~ls and to execute said coa~eranoe aod herebr co~enan~ and asrees that the recital~ w made ~hall be ~eHcctual to bar all cquit~ or right of redemption, homeete:d, dov~ver. apd ~il other exemptions of the mort~caRor, ill o[ which are I~ereby ~:p~.ly waived and conveyed to the mort~agee; or ~ (ttl? tal~e anr other ~pprupriate action pursurnt to etatc ur Federnl etatute either i~i atytr ur l~'e~lrra! court or bth~cwiaz for tht diepo~ition of the propert~~. In the event of a sale a~ hereiabefon provided, the mortgagor or any penons in poNasion ttader thn port- g~gor shall thea become ~nd be tenante holding over and ehall forthwith deliver poeaeasion to the purchaaer auch eale or be eutnmarily diapoeeeeaed, in accordance with the provisione of law applicable to teaant~ holdin~t aver. The power and ageacy hereby granted are coupled with •n intere~t aad are irrevocable by death or uthe~ise, And are aranted aa cumulative to the remediea for collection of eaid indebtedneas provided by l~w. 4. T6e prooecda of aay sale oi ~aid pmperty in acxordaace with the preccdina paraaraph~ ~h~ll be applied 6rst to pay tbe cosb and espen~es o[ uid sale, the ea~pewea incnrnd by the mortaa6ee for the purpo~e o[ protectina or main- tauuag said propecty, and reasonable attorneys' feea; secoadly. to p+~y tl~e iu~iebtednees securtd hereb~~; an~l thir~lly, to pay any surplua or ezceaa to the penon or pereons legally entitled thereto. i i ~ j S. In the event said property ii ~old at a judicial foreclwure ~ale or pursuant tu the power o[ sale heeeinabore ~ granted, and tha procecd~ are not sa~cieat to pay the total indebtednaa eecured by thii inatrument and evidenced b~ ! eaid promi~wry note, the mortaa6ee will be entitkd to a de6ciency judgment for the amount uf the deficiencr witkout ` re~rd to sppraiatme~tt. d 6. Ia the event the mortgagor fails to pay any Federal, etate. ur Ice~l taY Ys~eesmeut, income tax or other t~+a liea, c6ar6e, fee, or other eapenae charged agai.nst the pmperty the mortgagee is hereby authorised at hi~ option tu pay the ume. Any snms so pud by the mortgagee sh~ll be added to and become a part of the principal amount oi tlic indebtedaeas evideaced by wd note~ ~nbject to the same term~ and conditioas. If the mort~aaor shaU pa~ md diacharge the indebtednw evideaoed by ~id promisror' aote, and ~hall par such snms and shall di~char6e all wca md lieas and the costs, fea, and ezpease~ of makina, eaforciaa, and ezecuting thia mortaa6e, thw this moetaaae •hall be cancelcd md snrrendered. ~ 7. T6e coveaanb herein contained ~hall bitsd and the bene6b and rdvantaga~ si~~ll inure tu Ihe rre~livc ~uc- ~ ceawn and auianr oi the partier hereto. Whenever used, the ~inaular aumber ah~ll inelnde the plural. the plural the ry ~inaalar, and the n~e of aa~ aeader ahaU inclnde aU ~enden. ~ ~ ~ 8. No waiver of any covenant herein or u[ the obliaation securrd hercby shrll at an~ ~ime therrrfter be hel~i ~ to be a waiver of the temu hereof or of the note ~cured hereby. r i I ~ 9. A jadicial decree, order. or judament holdina any yrovuion nr purtiou of thin iu,~ttument inv~lid ur uuco- ~ Eorceabk rhall not ia any way impair or preclude the enforcement of the remaining proviEions or ~wrtions of this instruaneat ~ ~ 10• Anr Nrittea notice to be iuned to tbe mort~aaor punumt to the provisicn~ of thia in~trnmeat ~hall be ~d dr~e~.ed to t1+~ mo~or.c 3521 S. F~deral Hig}~ay, Fcrrt Piezce, Florida 33450 and anT ~rrittea nodoe W be iaued to the mort;a~ee ~hatl be addre~.ed to tLe mo~ee .c 3pp S. Sixtli Street , Fort Pi.eroe, F1 orida 33450 ~~-u}~'~ OPO i2~•ta1 ~ S9A FpRM 92a (2.7~) w .»~tit~~,?~.~.~..c:.:..Sry~~ ..,~._F~-,a .~~...:x:+~z;,~.a