HomeMy WebLinkAbout0915 .
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~ :t`'~ 3. The mo»6a6or ooveaanta and aae~ee~ that if be tall to par said indabtednew nt part thereol~wb~u .
. ~uq or s6a11 tail to perEorm ~ny oovenant or aareea~eat ~t ; iwttnment os the promiworr aota'~ecored hee~eby. ~1w
~~d~eea,~.. ~r .~.u ~~.~tr Llo~re dna payable, and collectibk ~oa~ no~ice~ a~ ~he
` p of the mort6a~e~,;os wi~u, e~ardleu oE matnrltjr.:~d the mortsa6ee o~ his a~sians m~y fore or dter entry ~
. C' ~~~~iVf~ AMti~l~ w~~~~~ ~wwhaw~`w~ rw~w ~ 2 • ~ _1 _ _
s-r -a rr •••••••aw,'~ a•i.~ ~sir~ s:..f.:~ ta .l:~ zss~}.~.~as w!1 ri~~ii uf _
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( at judicial sale ~punuant to the provisio~ ~?8 U.S.G 2001 1 a): ur ~
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(p) at ths option ot t6e mortsaaes, ~ther 6~? aaxioa or b~ wlicitation oE ~ealed bi~, for the~6pt and i
. best bid oamplyina Mrith t6e terms at s~ls and ma~er of paya~ent specified in t6e poblisl~d eouos of ~a~e, 5nt
airina four r~reeks' notiee -of the time, terais, iad plaoe o[ wch ~a1G b~ adverti~ement not lees tl~an unce
dnrin; eae6 of said fons ~?eelu in a ne~rsWP~ P~lir6ed or distribated. ia the oonnt~ ia which ~aid propert~
is dtaated, all other notioe beia6 6enb~ ~raived b~ t6e mort~aaor (and sdd martaaaee, or ~a~ peraou oa
behalf oi ~aid mortasaee, ma~ btd ~rith tbe mapaid iadebtsdners e~idenoed b~ aaid nota). Said sale ~hall ba
held at or on the propert~ to be ~old or at~tLe Federal, oaintp, or ciq oonrt6ome for the oouaty ia ~rhich the
propert~ i~ locat~d. The mo~es is 6erebr ant~oarised t+u e~ecate for and an bebalt ot the mortaasor and to
deliver to ths pnrcba~er at snc6 sals a sn~eient eonveranoe oi said propsrt~, Mrhicb oonrepance ~haU oontaia
recitals ~ to tbe luppeoina of tbe defadt apos ~r6ich the eucntion of tha po~rer of a~le berein aranted
depends: +uid the ~aid mort~a~or hsnb~ oon~titnte~ ~ad appoinb the mort6aaee or aa~ aaent or atto:ae~ of the
mortaaaes. the aamt and attoraer in fact oi ~aid mort~or to make a~ recitaL and to ezecnte said
oon~epanos and hereb~ oo~maab and a~rea s6a~ the recitaL w atade s6a11 be eSectnal to bu all egnitr or
riaht of 'cedemptloa, lwme~tead, dower, and ~ll otLer e:emptiou~ of the mortgaaor, all ot which are hereby
ezprdel.j wai~red and oonveyal to the mortas~ee; or ~ -
(ut) take aay other appropriate action purauant to state or Fedcral sbtute either ia ut~te ur hederal
~ oourt or othi+r~viae for the disposition of the pmperty. "
L? t6e e~eat of a sile aa herainbefon provided, the s~,o~or o~ _ an~ peno~~ • in poMas~ioa ~der .tba - mort
aa6or ~hall thea beoome and be tmanta holdin~ over and ,a6all ~orthwith deii~elr `poe~e~uon~to`tbd° p~rcha~cr at
wch sate or be sammarily diapoeeeesod, in accordanoe with t1~e provisions of 1aw applicabk to tenants holdinE over.
The po~rer aad aatacy hereby 6ranted are coupled witli :an intet~est and are irrevocable by death or otherwiee, and
are 6tanted as camnLtive to the remedies for oollection of eaid indebtedn~ss provided by la~v.
4. T6e prooeed~ ot an~ ~ale ot s~id prope~rt~ ia a.qooe~daaoe ~rith. the P~~6 P~~P~ -~u ~~PP1~ ~
w p+~y the oosb and ~ of said s~le„ the ezpea~es iacnrred by ilu mort;aaee for the pnrpo~e oE protectin6 or main-
, tainina eaid propertr, and naso~nable attorneys' tees; secondly, to pay the iadebtedneee secured hereb~ ; anci t}~ir~ily,
to My ~7 ~Plna or ezeeN to the perwn or pereons leaally entitled thereto.
'i S. In the event said pmperty is wld at a jadicial foreclosnre sale or pniswat to the po~?er of wk hereinabova
! 6ranted, and the prooeeds are not sn~cimt to pay t6e total indebtednees sccnred b~ t}w imtrament and evideaoed by
f said promi~wry note, the mort~aaee will be entitled to a deficiency jndament for t6e amonnt o[ the deficiency witl~out
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6. In tbe event the mort~gor fula to pbi~ 'a~i~ l~'~eiat,` t~att; `or Ioc~~ tan a~aeasment, incoa~e t~u or other tax
Gea, c6uae, fee~ a~r othar azpea~e chuged s6ainK tLe property t6e mort6aaee is 6ereby a th at his option tu
p•r. ~e s.~. Any .n~ ~o pud br ~ mo~~ s6a11 be added ~o and b«:o„~ ~~ir~,~f t~ P~~n ~ai~ount of the
indebtedaas erideaoed bp eaid note, sabject to tLe ~ame terms and co~nditio~. If the mort~r ~Lsll Pa7 and
disc'~.r~e, t~e i~debt~dne..p.ide~oed by aid promiMOr~ ~.ad sbaD P~~ ~ach ig~~ii ~q~li ~
tazea aatl Har and the eosb,~ feet, ~ of makina. mforcin~, aad ezeantia6 t~j tbi~ mo:t~aae
rhall be eaaoeled md k`.
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T. T'l~e oovenaats berein eontained ~hall bind and the benefits and advanta~es shall iaue+e tu the rrepcctive uur~
cedoes asd a~ of the pa~tie~ he~+eto. p6eaerer n~ed, the dnanLr namber dull inclnde the planl, tl~e phual tbe
~inanlar, aad tbe u~e of m~ ~eader ~h~ll iaclnda aD ~eaderr.
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~ 8. No xaivee of any ooveaant herein or oi tbe obliaation ~ecue+e~f heraby ~hall ~t ~y timis thereafter be held
~ to be a Matv~ Of the tQ~alt 6et+DOt O! Ot tLe nOtE e0a~t+ed iler~by. a' .
~ 9. A;udiaid decree, order, or jnd~meat 6oldin6 uny providon or portiou of' t6ir iwuumwt invalid ur uuen-
foroeabls ~hall not ia an~ ~ra~ impur or preclade the enfoxx~ent of ~ rba~ainina pcoviaoni or portions of thia
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1a:s~,r:.ri',ua~.ilet~oe~b~b..iwped ~o_stb•~s~ P~.w t~. pro~c~do!r.eitt.~#• ~1~o~t..~ b!P;~'
aj'°~°d t° d'a m°r~p°r ~t ~ 4000 Metzqer Road, Fort Pierce, Plorida 33450 ~
aad an~ ~rritten noUos rto be iMaed to tl~e ~aore6a~ee ~ball
b° a~al'°~°a t° th° m°rt~°° at 111 Oranqe Avenue, ~ Fort Pierce, Florida 33450
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