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HomeMy WebLinkAbout0087 ~ ~ 1 7.~ ~ . ~ : - F~~ - 12. The Mortgagor has under the other provisions of this Mortgage and does hereby sssigq Mortgagee the rents of the Property, pr atiid;.d that the siartgagar slsa!!, prior to tha arsxltratian of the maregagt iadtbttdntu as tlsea~:Krr3ti pras;d- ar th;, ab:n3onmtnt of the Property, have the right to collect and retain sttc4t rcnu a: they become due and payable. Upon stxek~tioAtt~er tCte other provisions hereof or the abaadoament of the Property. the Mortgagee :hall be entitled to take possession of sad w~aaage the' Property sad to collect the rents of the Property including those past due. All rent: co ed shall be applied fast to the payment of tfeE cats of management of the Property and collection of the rents including but not limited to attorney's sad real estate broker': foes and then to the sum secured by this Mortgage. The Mortgagee shall be liable to account only for those rests actually reozyved. 13. lathe event suit u instituted to foreclose this mortgage the Mortgagee shall be entitled at any time pending:uch foreclosure to apply to the court having jurisdiction thereof for the appointment of a receiver of the property sad all of the rests, incomes. profits, issue: sad revenues thereof from whatever :oteroe derived sad the court :hall forthwith ceppoint such receiver with the usual dutia sad veers of receivers is like cases and said appointment shag be made as a matter of strict right to the Mortgi~ee sad without reference to the awry of the value of the Property or the solvency of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the right to object to the a~poiatmeat of a reortiver sad consents that such appointment shall be made ss as admitted equity sad as s matter of a lute right to the Mortgagee. , 14. The abstract(s) of tick covering the Property :hall at all times during the term of this mortgage remain is ~tssion of the Mortgagee and in the event of foreclosure or other transfer of tttk to the Property, all right, title and interest of the Mortgagor to and to the abstract(:)shall pass to the purchaser or grantee. i 1 S. If any it~tsWneat of principal std interest is not paid to the Mortgages within fdteea (1 S) days after the same becomes due sad payable or if each sad every of the Mortgagor's premises sad covenants set forthm this mortgage sad/or the Note are not fully sad promptly pettormed, complied with and abided by. the entire sitm of principal and interest secured by this mortgage shall at the option of the Mortgagee become due and payable in full at once as tf originally:<ipulated to be so paid at such time aotwithstandiag anything in this mortgage or Note to the contrary. 16. U the ownership of the Property or any part thereof becomes vented is a person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor(s) in interest with referenx to this mortgage and the Note in the wme 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 sad no forbearaaa 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 ongtwl liability of the Mortgagor either to whole or in part. 17. The terms "Mortgagor" and "Mortgagee° wherever used in this irutruunent shall include the hein, personal representatives, sucoesson and assigns o! the respective parties: the singular number shall include the plural, the plural shall include the singular and the use of any gender shall include all genders. 18. Name(s) of Mortgagor(s): SAM ANDERSON and ANNIE ANDERSON, his wife - 19. County in Florida wherein Property is sitwte and description thereof S t . Lucie Lest 20, in Block 2, of AUGUSTA SUBDIVISION, according to the Plat thereof as recorded in Plat Book 8, at Page 34, of the Public Records of St. LucieCounty, Florida. 20. Rank or priority. of this mortgage: ~ ~ ~ First Mortgage . ~ ~ en .....,..a. ~ $6 850.00 ~ / LEO AN(` ; ~~~-:~oEO ' ~ .f o ' , Maturit of Note• ST. IUCIE C : ,pt Y FLA. ~ , May X15, 1986 aoc~~ , ,s = ALERt.:~:a;.~;r GOllRT 1`~i err 22. Date Mortgage and Note executed: RECORI' r ~~-il ~ December 5, 1979 I~ M ~?q ;i. ~ 469?s~9 _F 4•Z ' J f . J - ~ - 5 i 3 ~ ~ - Witn Q K E~~ (SEAL) ~ (SEAL) c fi STATE OF FLORIDA ) . couNTV of S t . Lucie ~ , Before me rsonall a red the individua s above described as the Mort or who executed the fore oin Mort w pe y ppea q) gag g g gage. weB known to me, and who acknowledged before me that he (she, they) executed the same for thF.purposes therein expressed. IN W ITNESS W H EREOF I have . set my hand and official seal in said County and State the date upgi?-rr6idf't>. mortgage was executed. ' ,l. f ~ Notary Public. State of - My commission expires: f IR ^^n ~ ~ ~ ~ '