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Home My WebLink About0271 12. The Mortgagor has under the other provisions of this Mortgage and does hereby assign to the Mortgagee the reau of the Property, provided that the Mortgagor shall. nor to the aooekratioa of the mortgage iadsbtedtxss as ehxwhere herein provided or the abandonment of the Property, have the nght to collect and retain such rents as they become due and payable. Upon aeoekraaoa under the other provisiotu hereof or the abandonment of the Property, the Mortgages shall be entitled to take possesaoa of and manage the Property sad to collect the rents of the Property including those past due. All rents collated shall be applied first to the payment of the costa of management otthe Property and collection of the rent: including but not limited to attorney': and real estate broker': fees and then to the sum saured by this Mortgage. The Mortgagee :hall be liable to aa;ount only for those rents actually received. l3. in the event suit is instituted to foreclose this mortgage the Mortgagee shall be entitled at any time pendingsuch foreclosure to apply to the court having jwisdiaion thereof for the appointment o! a receiver of the property and all of the renu, incomes, profits. iuues and revenues thereof from whatever source derived and the court shall forthwith appointsuch rsaiver with the usual duties and powers of roaivers in Glee cases and:aid appointment shall be made as a matter of stria right to the Mortgages and without reference to the adequacy of the value of the Property or the aoh+enry of the Mortgagor or any other party to such suit. The 1ortgagor hereby waives the right to ob;~ect to the appointment of a raelver and consents that such appointment shall be made as an admitted egwty and as a matter o[ absolute nght to the Mortgages. It. The abstract(s) of title covering the Property shall at all time: during the term of this mortgage remain in pc?sae::ioa of the Mortgagee and iu the event of foralosurc or other transfer of title to the Property, all nght, title and iaterest ottee Mortgagor to and to the sbstract(s) shaA pass to the purchaser or grants. 1 S. if any iastallment of principal and interest u not paid to the Mortgagx within fdtesn (1 S) day: after the acme becomes due and payable or J each and every of the Mortgagor's promises and covenants set forthw thu mortgage and/or the Note are not fully and promptly performed, complied with and abided by, the entire sum of ptintcipal and interest seeurod by this mortgage shall at the option of the Mortgagee become due and payable in fuA at ones as if originally stipulated to be so paid at such time notwithstanding anything in thls mortgage or Note to the contrary. , 16. if the ownership of the Property or any part thereof becomes vested is a person other than the Mortgagor, the Mortgagee may. without notice to the Mortgagor, deal with such stlooeasor(s) in interest with reference to this mortgage sad the Nets in the same manner as with the Mortgagor, without in any way discharging the Mortgagor's liability hereunder or upon say debt hereby secured. No sale of the Property and no forbearance on the part of the Mortgages or extension for the payment of the debt hereby secured shaA operate to release, discharge, modify, change or affect the onglaal Lability of the Mortgagor either In whole or in part. 17. The terms "Mort~gor" and "Mortgagee" wherever used in this instrument shall include the heir, personal representatives, successors and assigns of the rcspectlve parties; the singular number shall include the plural, the plural shall include the singular and the use of say gender i Shall Include 811 genders. l8. Name(s) of Mortgagor(s): CHARLES (''AMBLE and ETHEI.LENE GAMBLE, his wife. 19. County in Florida wherein Property is aitnate and description thereof: St. Lucie County, Florida . Lot 97 of SHERATON PLAZA, UNIT TWO REPEAT, according to the Plat thereof as recorded in Plat Book 16, at Page 2 of the Public Records of St. Lucie County, Florida. 20. Rank or priority of this mortgage: . ~ = _ . ~ t ; Second Mortgage _ 21. Original amount of Note: ~ - ' - ' ` 2 $7 225.00 _ . - _ 1 Maturity o~ Noce: July 15, 1985 22. Date Mortgage and Note exauted: { .November 17, 1979 ~j~ 28 P~ 23 - - 'FILE U ~fii Lur.s± J RCG~R r'Oi i Ftil~S l ~LrRrC C!R~U!' CCt?1 4s~4ss ~ - Witn (SEAL) 5 ~ ,s (SEAL) l E STATE OF FLORIDA ) . courmr oFSt. Lucie r ' fir` 1 Before me personally appeared the individual(s) above described as the Mortgagor who executed the f y ,~,~ttglg~;'well known to me, and who acknowledged before me that he (she, they) executed the name for the purposes therein exprs~edon~~ WHEREOF 1 have set my hand and official seal in said County and State the date upon which the mortgage viii iMTO~;:~• .'t%.. r , 5!` -t M comrilstion expires: June 30, 1983 _ ' ~ y ~ . ~~~R`2~1 X71 ~ .