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HomeMy WebLinkAbout1476 eT. ~ ~~}bSTJ~q,~'~-~• 'TjTLe) ST-41,093 12. The Mortgagor has under the other provisions of this Mortgage and does hereby assign to the Mortgagee the rents of the Property, provided that the Mortgagor shall, prior to the aooekration of the mortgage indebtedneu ss elsewhere herein provtded or the abandonment of the Property. have the nght to collect and retain such rents as they become due and payable. Upon aooekration under the other provisions hereof or the abandonment of the Property. the Mortgagee shall be entitled to take possession of and manage the Property and to collect the rents of the Property including those put due. Atl rents collected shall be applied tint to the payment of the coats of management of the Property and collection of the rents including but not limited to attorney's and real estate broker's fees and then to the sum secured by this Mortgage. The Mortgagee shall be liable to account only for those yenta actually received. 13. !n the event suit is instituted to foreclose this mortgage the Mortgagee shall be entitled at any time pending such foreclosure to apply to the court having jurisdiction thereof for the appointment of a receiver of the property and all of the rents, incomes, profit:, issues sad revenues thereof from whatever source derived and the court shall forthwith appoint such receiver with the usual duties and power of receivers in Gke cases and said appointment shall be made aa: matter of strict right to the Mortgagee snd without reference to the adequacy 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 appointment of a receiver and consents that such appointment dull be made as an admitted equity and ss a matter of absolute right to the Mortgagee. 14. The abstract(s) of tick covering the Property shall at all times during the term of this mortgage remain in possession 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(s) shall pass to the purchaser or grantee. I S. If any iattallmeat of principal and interest is not psid to the Mortgagee within fdteen (1 S) days after the same becomes due and payable or J each and every of the Mortgagor's premiss and coverunts set forth in this mortgage sad/or the Note are not fully and promptly performed, complied with and abided by, the entire sum of principal sad interest secured by this mortgage shall at the option of the Mortgagee biome due and payable in full at once as if originally stipulated to be so paid at such time notwithstanding anything in this mortgage or Note to the contrary. 16. if the ownership of the Property or any part thereof becomes vested in a penon other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor(s) in interest with reference to this mortgage and the Note to the same manner as with the Mortgagor, without in any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale otthe Property and no 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 ongrnal liability of the Mortgagor either rn whole or in part. 17. The terms "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the heirs, personal rcpresentativa, successor and assigns of the respective parties; the singular number shall include the plural, the plural shall include the stngular and the use of any gender shall include all genders. 18. Name(s) of Mortgagor(s): RUBIN MORRIS and PEGGY MORRIS, his wife 19. County in Florida wherein Property is situate and description thereof: S t . Lucie Lot 10; in Block E3 of ALAMANDA VISTA SUBDIVISION, according to the Plat thereof as recorded in Plat Book 5, at Page 49, of the Public Records of St. Lucie County, Florida. 20. Rank or priority of this mortgage: First Mortgage 21. Original amount of Note: j $6,925.00 =T~wciF'_ ~•,=<<Fi~. Maturity. of Note: RQ'' j ~ June 15 , 1986 c~E4•.::. :au~r 22. Date Mortgage and Note executed: RECOR'' ~ ~ ' • December 8, 1979 dEC ~ 9 45 QM rI~ I 4'~~ with ses: . (SEAL) (SEAL) STATE OF FLORIDA couNTV of St. Lucie) ' Before me personalty appeared the individual(s) above described as the Mort~gt vh¢ executed the foregoing Mortgage. well known to me, and who acknowledged before me that he (she. they) executed the same fos tJ+epurp~wi~flrertia expressed. IN WITNESS WHEREOF I have set my hand and official seal in said County and State the date upop~l~,ctt'-th~ ~;a?aa executed. ' . •t, _r~ Notap Pub .State of Florida My commission expires: if ~ ~ .