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HomeMy WebLinkAbout2105 12. The Mortgagor hu under the other provisions of this Mortgage and does hereby assign to the Mortgagee the rcab of the Property, provided that the Mortgagor shall. pprior to the acakatioa of the mortgage indebtedness u elsewhere herein provided or the abandonment of the Property, save the right to collect and retain such recta u they become due and payable. Upon aooekratton under the other provisions hereof or the abaodonmeat of the Property, the Mo gagee shall be entitled to take possession of and manage the Property and to collet the rcab of the Property including those put due. AU rents collected shall be applied fast to the payment of the coats of management of the Property and collection o(the teats including but not limited to attorney's and real estate brokePs fees and then to the sum sacred by this Mortpge. The Mortgage shall be liable to amount only for those reap aduaUy received. 13. lathe event suit is instituted to foreclose this mortgage the Mortaaget shall be entitled at any time pending such toreclosurc to apply to the court having jurisdiction thereof [or the appointment of a receiver offtbe property and all of the rcnu, incomes, profits. issues and revenues thereof from whatever scare derived and the court shall forthwith appoint such receiver with the usual dutks and wets of receivers in like cues and said appointment shall be made u a muter of strict right to the Mortgagee and without rcfereaa to the a~uacy of the value of the Property or the sohrency of the Mortgagar or nay other party to such suit. The Mortgagor hereby waives the right to o ~t i t ~aappointment of a receiver gad consents that such appointment shall be made u as admitted equity and u s matter of a lute M rtgagx. 14. The abstract(s) of title covering the Property shall at all times duriug the term of this mortgage remain in possession of the Mortgagee gad in the event of torcclositrc or other transfer of title to the Property. all right, title gad intercat of the Mortgagor m gad to the abstract(s) shall pass to the purchaser or grants. - 1 S. If nay iasWlaxat of principal and interest a not paid to the Mortgagee within fifteen (1 S) days after the ame becomes due gad payable or if each and every of the Mortgagor's promises and covenants set ~orthra this mortgage andlor the Note are not fully and promptly performed, complied month gad abided by, the entire sum of principal gad interest setaircd by this mo :ball at the option of the Mortgagee become due and payable is lull at once u if origiuaUy stipulated to be so paid at each time aotwitlh~~aaything in this mortgage or Note to the contrary. I Q U the ownership of the Property or any part thereof becomes vested is a person other than the Mortgagor, the Mortgagee auy, without notice to the Mortgagor, deal with such suooeasor(s) is interest with reference t0 thin mortgage gad the Note m the same manna u with the Mortgagor, without to any way discharging the Mortgagor's liability hereunder or upon nay debt hereby secarcd. No sale of the Property and no [orbearsnee on the part of the Mortgagee ore:teasioa for the payment of the debt hereby secured abet! operate to rtksse, discharge. modify, change or affect the original liability of the Mortgagor either m whole or in part. 17. The terms "Mort&agor" gad "Mortgagee" wherever used in this instrument ahaU iaciude the heirs, personal representatives,:tioceuor: and sasigns of the respective parties; the singular number shall include the plural, the plural shall include the angular gad the use of any gender shall include all gender. 18. Name(s) of Mortgagor(:r ELSIE THORNTON, an unmarried woman 19. County in Florida wherein Property is situate and deacriptioa thereof: St. Lucie County; for further description, see exHibit attached 20. Rank or priority of this mortgage: First Mortgage 21. Original amount of Note: $6,025.00 Maturity of Note: March 15, 1986 22. Date Mortgage and Note executed: December 1, 1979 9 Wlt (SEAL) ~ ` (SEAL) 1 STATE OF FLORIDA ) s- - ~ - _ couNTYOF St. Lucie)u~ - , Mort weUkaowntome, Before tae personally appeared the iadividwl(s) above described as the Mortgagor~>~rt),D?1 f3~ foregoing gage, and who acknowledged before tree that he (she. they) caseated the same for the, rf IttskRt~sred:Ild.V1lITPIESS WHEREOF I have set my hand and ofricial seal is said County gad stau the date aeon whic`.t~'sot~t~it+l~ek~tt~.. - _ 'r ` ^ - • . j' • • State of Florida _ ~~.t-j My cota~ission expires: OR ,;,~u,t,~+,~'. June 30, 1983 B~~x321 P~~2102 ~ - - r .