Loading...
HomeMy WebLinkAbout0335 „ ~ / / ~ ' ` .l t h r ~ C~ 12. The Mortgagor has under the other provisions of this Mortgage and does hereby assign to the Mortgagee the rents of the Property, provided that the Mortgagor shall, prior to the acceleration of the mortgage Indebtedness as elsewhere herein provided or the abandonmeat of the Property, have the nght to collect aad retain such rents as they become due and payable. Uppon acceleration under the other provisions hereof or the abandonment of the Property, the Mortgagee sha!! be entitled to take possessioA o[and manage the Property and to collect the rents of the Property including those past due. All rents collected shag be applied first to the payment of the costs gf.tnrtcyt twat 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 thts Mortgage. The Mortgagee shall be liable to account only for those rents actually received. - 13. In the event suit is instituted to foreclose this mortgage the Mortgagee shall be untitled at any time pending such foreclosure to apply to the court having jurisdiction thereof for the appointment ota receiver of the property and all of the rents, incomes, profits, issues and revenues thereof from whatever source derived and the court shall forthwith appoint such receiver with the rural duties and powers of receivers in like cases and said appointment shall be made as a matter of atria right to the Mortgagee and without reference to the adequacy of the value of the Property or the solvency of the Mortgagor or any other party to such stet. The Mortgagor hereby waives the right to object to the appointment of a rccetver 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 of this mortgage remain in Qossession of the Mortgagee and in the event of foreclosure or other transfer of tale to the Property, all right, title and interest of the Mortgagor In and to the abstract(s) shall pass to the purchaser or grantee. 1 S. If any installment of principal and interest is not paid to the Mortgagee within fifteen (I S) days after the same becomes due and payable or i[ each and every of the Mortgagor's promises and covenants set forth in this mortgage and~or the Note are not fully and promptly pertorgled, compliod with aad abided by, the entire-sum of principal and interest secured by this mortgage shall at the option otthe Mortgagee become due and payable in full at once as If originally atipulatod to be so paid at such tithe 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 Mortgagee may, without notice to the Mortgagor, deal with such sutxessor(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 o(the Mortgagee or extension for the payment of the debt hereby secured shall operate to release, discharge, modify, change or affect the onglnal liability of the Mortgagor either In whole or in part. , 17. The terms"Mortgagor" and "Mortgagee" wherever rued in this instrument shall include the heirs, personal representatives, successors and assigns of the respective panics; the singular number shall include the plural, the plural shall include the singular and the use otany gender shall include all genders. 18. Name(s) of Mortgagor(s): T. V . FULFORD and MARY FULFORD, his wife . 19. County in Florida wherein Property is situate and description thercoL• ST . LUCIE COUNTY . Beginning at the Northwest corner of Southwest 1/4 of Southwest 1/4 of Section 17, Township 35 South, Range 40 East, run South 260 feet to point of beginning, thence run South 217.6 feet, thence run East 175 feet, 20. Rank or priority of this mortgage: then run North 217.6 feet, thence run West First Mortgage 175 feet to point of beginning, less the West 2l. original amount of Note: 45 feet thereof, according to the Public Records $8,500.00 Q,f~St. Lucie County, Florida Maturity of Notc: ~ ; Y' ~ _ . _ , April 15, 1986 ~ . - - 22. Date Mortgage and Note executed: - - ~•.ti ~ - - _ _ , , I' October 13, 1979 - ~ = - - '_-4 j ~ j ~ ~ Witnesses: s • (SEAL) (SEAL) STATE OF FLORIDA ) COUNTY OF $t. Lt1Cl~~~ 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.lN WITNESS WHEREOF I have set my hand and official seal in said County and State the date upon which the mortgage was executed. ~ • r ~ `f„ otary Public. State At ~7otr~a c: + ' C My commission expires: June 30, 1983 . ~ - 3 43'71`7 ~ -~F,. ~ ~ r;z 1~1~y ~ . Y~ e STATE OF FLORIDA ) ss: COUNTY OF ) t ttEG At.L Nf (.t,: ,:c a i SLIUi,IE C~~Ja1Y.Fi Bcforc me personally appeared ROGER r GiTn:.` President and CEERK E::•CUIi C^'~ Secretss• si'` respectively of C:~~rF.D :<<t"'` - r•. a corp~atioa, who acknowledged before me that they, as officers of said corportation, executed the above Mortgage, affixed the corporate seal, ate that the same is the act and deed of said corporation. IN W ITNESS W HEREOF I have set my hand and official seal in said County and Stae the data~~ upon which the mortgage was executed. - Notary Public, State of F~tda l . , My commission expires: e-~e~ " - . _