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HomeMy WebLinkAbout0895 v~-~....- _ -~i~ . . 5-50,260-9 12. The Mutigagur hus ii~idcr tiic other protii;io,--,; :.f :hi; .Y,ortbsb snd dres hereby assign !o the Mortgagee the rent: of r1u+ prol,eny, provided that the Mortgagor shall, prior to the acct~oratiolt of the mortgage indebtedness as elsewhere herein provtded orthe abandonment of the Property, have the right to collect and retain such rents as they become due and payable. Upon acceleration under the other provisions hereof or the abandonment of the Property, the Mortgagee shall be entitled to take rossession of and manage the Property and to collect the rents of the Property including those past due. All rents collected shall be applied first to the payment of the costs of management of the Property and collection of the rents including but not limited to attorney's and real estate broker's fees and then to the sum secured by this Mortgage. The Mortgagee shall be liable to account only for those rents actually received. _ 13. !n the event suit is instituted to foreclose this mortgage the Mortgagee shall be entitled at any time pending such foreclosure to apply to the court having jurisdiction thereof for the appointment of a receiver of the property and all of the rents, incomes, profits, issues and revenues thereof from whatever sours derived and the court shall forthwith appoint such receiver with the usual duties and powers of receivers in tike cases and said appointttlent shall be made as a matter of strict right to the Mortgagee and without rctercnct to the adequacy of the value of the Property or the solvency of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the right to object to the appointment of a receiver and consents that such appointment shall be made as an admitted equity and as a matter of absolute right to the Mortgagee. 14. The abstract(s) of title covering the Property shall at all times during the term otthis mortgage remain in Possession of the Mortgagee and in the event of foreclosure or other transfer of title to the Property. all right, title and interest of the Mortgagor to and to the abstract(s) shall pass to the purchaser or grange. ' S. !f any installment of principal and interest is not paid to the Mortgagee within fifteen (1 S) days after the same becomes due and payable or if each and every of the MorigagoPs promises and covenants set forth in this mortgage and/or the Note are not fully and promptly performed, compGtd with and abided by, the entire sum of principal and interest secured by this mortgage shall at the option of the Mortgages become due and payable in full at once as if originally stipulated to be so paid at such time notwithstanding anything in this mortgage or Note to the contrary. 16. if the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor, the Morigaget may, without notice to the Mortgagor, dwl with such successor(s) in interest with reference to this mortgage and the Note in the same manner as with the ' Mortgagor, without in any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the Property and no forbearance on the part of the Mortgagee or extension for the payment of the debt hereby secured shalt operate to release, discharge, modify, change or affect the original liability of the Mortgagor either in whole or in part. 7. The terms "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the heirs, personal representatives, suctxssors and assigns of the respective parties; the singular number shall include the plural, the plural shall include the singular and the use of any gender shall include all genders. 1t3. Name(s) of Mortgagor(s): WILLIAM C. BROWN and CONNIE BROWN, his wife 19. County in Florida wherein Property is situate and description thereof: S t . Lucie The South 65.7 feet of the North 166.5 feet of the East 140 feet of the West 495 feet of the Northwest 1/4 of the Southeast 1/4 of Southeast 1/4 of Section I7, Township. 35 South, Range 40 East; said land situate, lying and being in St. Lucie County, Florida. 20. Rank or priority of this mortgage: . Third Mortgage 21. Original amount of Notc: $2,375.00 Maturity of Note: August 15, 1984 22. Date Mortgage and Note executed: October 3, 1979 ~L'itne f AL) . - (SEAL) STATE OF FLORIDA ) COUNTY OF St. Lucie)~~ Before me personally appeared the individual(s) above described as the Mortgagor who executed the foregoing Mortgage, well known to me, and who acknowledged before me that he (she, they) executed the same for the purposes therein expressed. IN WITNESS WHEREOF !have set my hand and official seal in said County and State the date upon which the mortgage was executed. i , ~ ~ ~ ~ 02 Notary Public. stag of Floe- ~ My commission expires: - f" June 30, 1983 'i;cxr;3 F~i;T: r s~- \ ` . ' Rr_~~ 9, _ STATE OF FLORIDA ) ~ ~ ~ _ COUNTY OF - - )s=: 1~2 8eforc me personally apF.ared President and Secretary respectively of a corporation, who acknowledged before me that they, as officers of said corportation, executed the above Mortgage, affixed the corporate seal, and that the _ same is the act and decd o(said corporation. IN WITNESS W HEREOF I have set my hand and official seal in said County and State the date upon which the mortgage was executed. Notary Public. Sure of Florida My commission expires: r!