HomeMy WebLinkAbout0089 12. The ~[ortgagor tau under the otlxr provisiaa: of thu Mortgage and dos hereby assign to the Morigaga the rents of the Property,
pro~nded that the Mortgagor altaU, pnor to the aocekratioa of the mortgage Indebtedness as elaewdere bereia provided or file abatwoameat of
the Property, have the right to collect and retain aucb recta as they become due and payable. Upon aooekrapon under the other proviaiolt:
herco[ or the abandonment of the Property, the Motgagee sflaU be entitled to take pos:asioa of and manage the Property and to collect the
rent: of the Property Includinagg those put due. AA rents collected shall be applied Cost to the payment of the costs of management of the Property
and collection of the recta including but not Gtnited to attorney's and real estate broker's foes and then to the sum secural by thu Mortgage. The '
Mortgagee shall be liable to account only for those rents actually teoeived.
13. lathe event suit is instituted to foreclose this mortgage the Mortgagee alulU be entitled at say time pending aucb foreclosure to apply to
the court having jurisdiction thereof for the appointment of a receiver of the property sad all o[ the rents, incomes. profits. issues and revenues
thereof from whatever source derived and the court shall forthwith appoint such raxiver month the usual duties sad powers of receivers in like
casts sad said appointment shall be trade as a matter of strict right to the Mortgagees sad without reference to the adequacy of the value ottee
Property or the solvcary of the Mortgagor or say other party to such suit. l'he Mortgagor hereby waives the right to object to the appintment
of a receiver and consents flat such appointment shall be made as sn admitted egwty and as a matter o! absolute nght to the Mortgagee.
l4. The abstnct(a) of tick covering the Property shall at all times during the term of this mortgage remain is possession of the Mortgagee
and is the event of toroclasure or other tnnster o[ tick to the Property. all right, title and interest of the Mortgagor Ia and to the abstract(s) shall
pass to the purelu?aer or grantee.
1 S. It any irntallmeat of principal and intete:< is not paid to the Mortgagee within fdteen (1 S) days after the acme becomes due std payable
or if uch and every of the Mortgagors promises std covenants set [orth in this mortgage std/or the Note are not tally sad promptly
performed, complied with sad abided by, the entire:um of principal sad interest socurod by this mortggaage shall at the option of the Mortpgoe
become due sad payable in full at once as J originally stipulated to be so paid at such tithe aotwithatatldmg anything in flat mortgage or Note to
the contrary.
16. U the ownership of the Property or say part thereof becomes vested is a person other than the Mortgagor, the Mortgagee may, without
notice to the Mortgagor, deal with such successor(s) in interat with reference to this mortgage std the Note in the acme manner as with the
Mortgagor, without Ia any way discharging the. Mortgagor's liability hereunder or upon say debt hereby secured. No sale of the Property std ao
forbearance on the part of the Mortgagee or extension for the payment of the debt hereby secured chap operate to release, discharge, modify,
change or affect the original liability of the Mortgagor either is whole or in part. •
17. The terms "Mort$agor" and "Mortgaged' wherever used is this instrument shall include the heir, personal representatives, auocessora
and assigns of the rapective parties; the singular number:hap include the plural, the plural shall include the singular sad the use of any gender
shall include all getders.
18. Name(s) of Mortgagor(s):
MAITLAND H. MITCHELL and LILLIAN E. MITCHELL, his wife
19. County is Florida wherein Property is situate sad description thereof: • S t . Lucie
Lot lfi, in Block 2, of the RE-PLAT OF SUNSET PARK SUBDIVISION,
according to the Plat thereof as recorded in Plat Book 11, at
Page 28, of the Public Records of St. Lucie County, Florida.
20. Rank or priority of this. mortgage:
Second Mortgage _
21. Original amount of Note:
$2,800.00
Maturity of Note: i LEp AN[~ ; . ' CEO
A ri l 15 1985 a~. t.uctE - ~ ~ _ F~~.
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i 22. Date Mortgage std Note executed: ~ ART - ~
CLERK.:'
Dec ember S , 1979 at:cea' ~ ' ' ~
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STATE OF FLORIDA ) _ ~
couNTY of S t . Lucie)`'
Before me personally appeared the individuaKs) above described as the Mortgagor who executed the foregoing Mtltl~q~weU known to me.
and who acknowledged before me that he (she, they) executed the same for the purposes therein expressed. II~,W~t~l~$,8'W EREOF I Gave
set m hand and official seal in said Count and State the date u n which the mort was execu
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