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Home My WebLink About2046 Ob~K 7 . _.f' ~uB <; T. LUClE Cll~:T. FLA. or obIlerv&nce of any of th~ tNnlll, covenants or agret>menu ('f tbill illOrtgag<" then in any or eith'r of SAid events, the whole of the in<ieLtNlness hereby 8t'<:Ured, at the option of the mortgagee or the legal holtler of said indebtoo- neM,-shall become immediately due and paYllble without notice, or in the ennt of the r~e after the date of this mortl~ of any law of the State of F10rida deducting from the vtllue of land for the purpoee of tAXAtion any lien tht'reQn, or changing in any wa.y the ~Wll now in fo~e for the tAXAtion of L.lortgsgt"S or debts /ji'{'ured by mortgagea for State or local purposes, or the IIUUlIlCr of the collection of any such Uuation so 3.!l to ~ffect this mortgage a.dn'1S('!y, the holder of this mortgage and of the debt which it !leCures, shall have the right to gin thirty d~Y:l' written notice to the owner of the granted premise!l requiring the payment of the mortgage debt, ami it ill hereby agreed that, if -- 8l1ch notice be given, the said ~bt ahAlI become due, payable and coliectible at the lxpimtion of said thirty d~ys, l\nd upon the mortgage indebttdneM becoming due and payable all heretofore provided, the I1lortgagor shall refrain from collecting &nd receiving ail renta accruing 8.ll aforesl\id &Ild upon noti(e from the mortgagee all tenants shall there- after pay llUch renu 1.0 the mortgagee, &Ild any payment made otherwise shall not discharge the obligations of such teDAllt, -and the mortgagee may immediately cause this mortgage to be foreclOtJed in the IlliUlner pn:':>Cribed by law, &Ild upon commencement of foreclosure proceedings 8hs.l1 be entitled to have a rect'iver Rppointed, wheth('r the mortgaged pren>.illes ere homl'5t('ll.d or not &od without proof of any other ground for his nppointm('nt than the said lidault, to take po;;s6Sion &od charge of the mortg&ged premiBf,s, to rent the 8>illlC and reeeive and colll'Ct the rents, issues and profits thereof, under direction of the l'O<.lrt, &nd any !Ullount so colll'Ct{'<! by "ueh receinr "hall be &;>plied unller dire<:tion of the court to the payment of any judgment rendered, or amount,; fOluHi due upon fol"('- closure of this mortgll!l;e including the co.;t of colll'Ction &od reasonable attorney's fN's; Gnd, in the l'vent of any default or d..fau1ts in the paym('nt of the indebtedness hereby St'Cured. or of any installment thl'n'of, or of interest thereon, or in the perfonnanet' or obselVanee c! &.'1y of the ~nns, covenants or agT'N'mPlIls !lpn'in cont.ained, the ~ortgag(-t' shRll haw the right forth\\;th aftN ar,y such de.fr.ult to ('fiter upon and takp pOF..",',;:;ion of Mid r.1ortgagNj prem~!' and to let said prt'mi...,es and re<.'eive the rents, issues and profits thereof, an,1 apply tilt, ffimp, aftPr pay- ment of all nece;sary eharg(';'i &od expeDlleB, on account of tbe indebtoon('!\,~ ilereby !l{'Cll!,(,\1. The pl'OCe('ds of ffiid foreclo,;ure shall be applied, first, to the expen&'8 incurred h('reundpr, ii1r111ding a I'C'I\.<on- able attoml'Y's fre for !'uch 5elViees &8 may be r~ndered for the coll{'Ction of said indebtNne,,~ and the forecl'",ure of this mortgage; second. to the payment of whatever sum or 8\lIIUl the mortgagee may han paid or !){'Come liable to pay in carrying out the Opt;ODS, terms and stipulationa of this mortgage, together with inten,,,t thereon; third, to the payment and 88ti;t~ction of said note; &OJ fourth, the IlUl'plus, if any. shall be paid to tht, n1\lrt~agor or othN- wise as the -court may decl1'e. The mortgagor hereby agrees that, in the ennt mortgagee shall place the note hereby se<'ured in th(' hands of an atlorney after default or after mlltur'ty for collection Cor for forecl06ure, he \\;11 pay Buch l"'asonable attorl1(,Y's fees as are authorised by law, togetber with tbe cost of extending the ab"trnct and all court C06ts and all expel15l'S properly paid or incurT'l'd hereunder, and same are hereby secured. The mortgager hereby lIS."igns, transfers find conveys unto the mortgagee, its successors and assign!', the . rents accrued and to accr.!e from all tenants in xcupancy of the mc:tgaged premise'!, or any part thereof. including rentals and royalties undt'r oil, gas and mineral len.se1' , if any, during the lifetime of this mort~agp. it being understood that as long as there is no default in the performance cr (;bservance of any of the covenants or ugr<'('m('nts herein contained the mortgagor !hall have the privilege of colll'Ctinll; and receiving all renu accruing under !ea...qeg or con- tracts of tenancy for the mortgsged premises or any part thereof. The mortp.ged premises being located in the ~tate of F1orida, th:s mortgage and the rights and indebtedness ht'reby eecured shall, v,.;thout regard to the place of contract or payment, be conatrued and enforced according to the laws of the State of Florida, Notwithstanding any provision herein or in said note, the total liability for payments in the nature of in~Hest !hall not exceed the limits now imposed by the usury laws of the State of Florida, In lIlitnu. IIlbttNf, the .aid mortgagors have hereunto set their hards and se&1a th1. 7th day ot April A.D. 19 61. S;pwd'l&;il;;j_~~fU ~_u/J.U~~ ___ .__(SEAL) _______._______________________.________(S~L) ~ ~ ~ \ ~ _\.k_ _ .\j __. _s:~ ~€iL) Charlotte H. Stiraon _____.__.__________________.____________(S~L) STATE OF FLORIDA COUNTY OF st. Lucie }as. l, Sam C. Gay , an officer duly au~oriJed to take fLCknorrledmnenta iI a.nd for mUd State and County, do hereby certify that John L. Stinaon &Ild Charlotte li. Sti.naon , hia wife, both of whom are to me welllmown, and known to me to be the individuals dereribed in and who ~ted the fcregoing ~t, pel!OOAlly "fpeued before me this day and did .,..-era1ly acknowledge to and before me that they executed 8A.ld in8tn.i.meDt for We purp<lU8 therein ~ !l1!l611d; and the aaid Char 10 t t.e H. sUnaon ,well known to me to be the wife of laid John 1.. SUnaon , upon