HomeMy WebLinkAbout2590 ~ ^.~.~a s?-40,87
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12. The Mortgagor hu under the other provisions of this Mortgage and does hereby auign to the Mortgagee the rents of the Property,
provided that the Mortgagor shall, pnor to the acceleration of the mortgage indebtedness u elsewhere herein provtdod or the abandonment of
the Property, have the nght to collect and retain such rcau u they become due and payable. Upon aceekrauoa under the other provisions
hereof or the abaadoament of the Property. the Mortgages :hall be entitled to uke possession o and manage the Property and to collect the
rent: of the Property including those put due. All rents colkctod:hall be applied first to the payment of the costa of management of the Property
and collection o[ the rents including but not limited to attorney's and real elute broker's toes and they to the sum secured by this mortgage. The
Mortgagee shall be Gable to account only for those rents actually received.
13. In the event suit is instituted to foreclose this mortgage the Mortgages shall be entitled at nay time pending such foreclosure to apply to
the court having jurisdiction thereof for the appointment of a receiver of the property sad all of the rents, incomes, profits, iatues and rcvcnues
thereof from whatever sourne derived sad the court :ball forthwith appoint such rocsiver with the usual duties and ppoowers of receivers in Glee
cases sad said appointment shall be made u a matter of:trio right to the Mortgagee and without rc[ercaoe to the adequary of the value otthe
Property or the solvency of the Mortgagor or nay otlxr party to such suit. The Mortgagor hereby waives the right to object to the ap~oiatment
of a receiver and consents that such appointment :ball be made u an admitted equity and u a nutter of absolute nght to the Mortgages.
14. The abstract(s) of title covering the Property shall at all times during the term of thle mortgage remain in poasea:ioa of the Mortgagee
and in the event of foreclosure or other transfer of tick to the Property, all right, title and interest of the Mortgagor to and to the abstract(:)shall
pass to the purchaser or grantee.
1 S. If any inaulhnent c+i principal sad interest is not paid to the Mortgagee within fi[teea (1 S) days after the same becomes due sad payable
or if each and eve of the Mort gels premises and covemnts set forth in thin mortgage sad/or the Note are not fully and promptly
performed, compG d with and ab~od by, the entire sum of principal and intere:t:ecured by this mortgage shall at the option of the Mortgagee
become due and payable in full at ones u if originally stipulated to be so paid at such time notwithsundiag anything in this mortgage or Moto to
the contary,
16. U 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 rckrcnce to this mortgage and the Note in the same manner u with the
Mortgagor, without in any way disclurging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale olthe Property and ao {
forbearance on the part of the Mortgagee or extension for the payment of the debt hereby secured shall operate to release, discharge, modify.
change or affect the original G:bility of the Mortgagor either in whole or in part.
17. The terms "Mortgagor" and "Mortgagee" wherever used is this instrument shall include the heirs, personal rcpresenutives, suoocuors
and auigns of the reapecuve parties; the singular number shall include tlx plural, the plural shall include the singular and the use of any gender
shall include aU gender.
i8. Name(s) of Mortgagor(s):
LESSIE MAE TURNER, An unmarried woman
14. County in Florida wherein Property is situate and description thereof: $t . Lucie
Lot 14, in Block 2, of EMANCIPATION PARK SUBDIVISION, according to
the Plat thereof as recorded in Plat Book 1, at Page 38, of the
Public Records of St. Lucie County, Florida
20. Rank or~ ppriority of this mortgage:
First Morfgage
21. Original amount of Note:
$1,825.00
Maturity of Note:
April 15, 1984
22. Date Mort~~ x1979 executed:
October ,
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• LESSIE TURNER
~~G~G (SEAL)
STATE OF FLO 1DA )
couNTV of St. Lucie)'
Before me personally appeared the individual(s) above described u the Mortgagor who executed the foregoing Mortgage, well known tome,
and who acknowledged before me that he (she. they) executed the same for ths? tbtrretn expressed. IN WITNESS W HEREOF I have
set my hand and official sul in said County and Sute the date upon ~a~swRf~-mss executed.
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Jr. ~ ~ ~ ' . Pu ,c, sate of Florid.
My commission expires: .
June 3U, 1983 ~3:~f~ p ~ ,