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Home My WebLink About2193 ! 2. The Mortgagor has under the other provisions of this Mortgage and don hereby assign to the Mortgagee the rents d the Property, provided that the Mortgagor shall. prior to the atxekration of the mortgage iadebtedocss as ebewherc herein provided or the abaadoameot d the Properly. have the right to collect and retain such rents as they become due and payable. Upon aooekatioa under the other prosisiOns hereof or the abandonment of tltf Property, the Mortgagee shall be entitled to uke possess~oa of atd wattage the Property and to cdkct the rents of the Property includingUtt>>kpttatdue. All rents colkctod shall be applied first to the payment d the costs d management d the Property and collection of the rents including but not limited to attorney's and real estate broker's foes and then to the sum socursd by this Mortgage. The Mortgagee shall be liable to account only for those rents aaiully received. 13. In the event suit is instituted to foreclose this mortgage the Mortgagee shall be entitled at any time pending such forsclosurc to apply to the court having~unsdicUOn thercol for the appointment of a receiver of the property and ail of the rcau, ittoomes. profits. issues and rrMCOUCs thereof from whatever source derived and the court shall forthwith appoint such nooeiver with the usual duties and powers d rsoeivers in like cases and said appointment shall be made ss a matter of strict right to the Mortgagee and without rdersaoe to the adegmey d the value d the Property or the solvency of the Mortgagor or any other party to such suit. The lMNortgagor hereby waives the right to object to the appointmcn[ ^f s :::tt4Yr 3S:a re.".sr^!s !ha! s~.xh apg*t+intment shall 1,e• .n3~ie ac an admitted eclurty and ss a matter dsbsdwt nght to the Mortppee. 14. The abstract(s) of title covering the Property shall at all times during the tens d this mortgage remain is pa~sseuioa d the Mortgagee and in the event of foreclosure or other transfer of title to the Property. all nght, title and interest of the Mortgagor m and to the abstraa(s) shall pass to the purchaser or grantee. 1 S. If any installment of principal and interest is not paid to the Mortgages within fdteen (IS)days after the same bsoomesdtteard payable or if each and every of the Mortgagors promises and covenants set forth in this mortgage and/or the Note are not fully and protoptly performed. complied with and abided by. the entire sum of principal and interest secttrrd by this mortgage shall at the option d the Mortgagee become due and payable in full at once as tf originally stipulated to be so paid at such tithe notwithstanding anything in this mort~e a Nose to the contrary. 16. If the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor. the Mortgagee may, without notice to the Mortgagor, deal with such successor(s) in interest with rcfercaa to this mortgage and the Note m the same roamer as with the Mortgagor. without in any way discharging the Mortgagor's tiabiGty hereunder or upon any debt hereby centred. No sak d the Property and o0 forbearance on the part of the Mortgagee or extension for the payment of the debt hereby secured shall operau to release, discharge, modify. change or affect the original liability of the Mortgagor either to whole or is part. 17. The terms "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the heirs, pcrwnal representatives, waoessors and assigns o(the respective panics; the singular number shall include the plural, the plural shall include the singular and the use dank gender shall include all genders. _ , ~ ~ t 18. Name(s) of Mortgagor(s): - - _ ~ ~ - ~ ' - _ ~ WILBON F . SMITH and REGINA M. SMITH, his wife - : ~ ~ - ~ ' ~ ~ 19. County in Florida wherein Properly is situate and description thersof: $ t ~ Lucie Lot 8, in Block 11, of SEMINOLE PARK SUBDIVISION, according to the Plat thereof as recorded in Plat Book 10, at Page 11 of the Public Records of St. Lucie County, Florida. 20. Rank or priority of this mortgage Second Mortgage 21. Original amount of Note: $1,850.00 Maturity of Note: June 15, 1982 22. Date Mortgage and Note executed: • October 10, 1979 ! w'itne { _ - ~ ~s-ss,~~-(SEALI EAL) STATE OF FLORIDA ) - COUNTY OF $t. Lucie) Before me personally appeared the individual(s) above described as the Mortgagor who executed the foregoing Mo.-tgage. wc0 knoww to me. t and who acknowledged before me that he (she, they) executed the same for the purposes teersin expressed. ii w t i ti raS w riiricCi~r i isave set my hand and official seal in said County and State the date upon which thrmortgage was executed. - • RR ~ :t:: . l ~ Otan_' PubLc. Sate ~ )1y commission expires: i~~`~' _ - - ~ June 30, 1983 - - ~ . a _ c:. Y ~ Y 3 STATE OF FLORIDA ) • COL \TY OF Iss: ~b~pUC , Before me personalh• appeared •7a7V E President and Soctetary respectively of a eo*Paat~- who acknowledged before me that they, as officers of said corportauon, executed the above Mortgage, affixed the corporau seal. and that the same is the act and deed of said corporation. IN WITNESS WHEREOF 1 have set my hand and official seal is said Couaq- and Slue tbedate upon which the mortgage was executed. t t { t ~ . ~ \oun PuMK. Stan of Flonda My commission expires: