HomeMy WebLinkAbout2487 12. The Mortgagor bas under the tuber provisions of this Mortgage and does hereby assign to the Mortgagee the Teats of the Property,
provided that the Mortgagor:hall. pprior to the socekratioa of the mortgage iadebtedrtess as elsewhere herein provided or the abandoameat of
the Property. have the ngbt to collect and retain such rents as they become due and payable. Upon aocekratton wader the other provisions
hereof or the abaadoameat of the Property. the Mortgagee :hall be entitled to take possesstoa o[ and manage the Property and to collect the
rents of the Property iacludiaaa those t due. AU real: collected shall be applied first to the payttxat of the costs of management of the Property
and collection o! the real: including ut not Gaoled to attorney's and real estate broker's toes and then to the sum:ecured by this Mortgage. The
Mortgagee shall bs liable to account only for those teats actually recsived.
13. lathe event suit is instituted to foreclose this mortgage the Mortgagee shall be cntitkd at any time pending such foreclosure to apply to
the court having jurisdiction thereof for the appointment o[ a tsceiver of the property sad all of the rents. taooans, profits, issues sad reveaua
thereof trom whatever wuree derived sad the court shall forthwith appoint such receiver with the usual duties sad powers of reoeiven in Glee
cases and:aid appointment sbaU be made as a matter of:trio right to tbt; Mortg,~gee sad without retennoe to the adequacy of the value ottbe
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 poiataxat
of a reoetver sad consents that stub appointment shall be made as as admitted egwty and as a nutter o! a lute right to the Mortgagee.
11. The abstract(s) of title covering the Property shall at all times during the term of thu mortgage rennin in Possession of the Mortgagee
and in the event of foreclosure or other transfer of title to the Property, all right, title sad intersst of the Mortgagor to sad to the abstract(s) shall
pass to the purchaser or grantee. -
I S. if say installment of principal sad interest is not paid to the Mortgagee within fifteen (1 S) days after the:sme becomes due sad payable
ar if each and every of the Mortpgo~s promises and covenants set forth to thu mortgage and/or the Note are not fully sad promptly
performed. complied with and abided by. the entire sum of principal sad interest securod~by this mortgage shall at the option of the Mortgagee
become due sad payable in full at once as if origtruUy stipulated to be so paid at such time notwithstanding anything in tots mortgage or Note to
the contrary.
1 ti. If the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor, the Mortgagee may, without
notice to the Mortgagor, deal with such suooessor(s) in interest with reference to this mortgage sad the Note to the same Wanner ss with the
Mortgagor, without to any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No ask of the Property sad 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 original liability of the Mortgagor either in whole or is part.
17. The terms "Mort$agor and "Mortgages" wherever used in this instrument shall include the heirs, personal represeatativss, successors
and assigns of the respecteve parties; the singular number shall include t;.e glum, the plu,-al sha!! include Sl:r singular and Lhe ts~ of any a adtr
shall include all genders.
18. Name(s) of Mortgagor(s):
JOEL ROY BLACKWOOD and.GOSMAY BLACKWOOD, his wife
19. County in Florida wherein Property is situate and description thereof: S t . LIIC ie
Lot 7, in Block 12, of SUNNY ACRES SUBDIVISION, together with the
West 5 feet of vacated alley adjacent on East, according to the
Plat thereof as recorded in Plat Book 8, at Page 25, of the Public
Records of St. Lucie County, Florida.
20. Raalc or priority of this mortgage:
First Mortgage ~ " ' ~ ' ' ~ ~ '
21. Original amount of Nou: , ~ , ~ . ~ • - - ~ _
$11, 675.00 - _ . . ~ ' 3 ~ i 1981 JAt~ IS in; y9
f Maturity of Notr - - - ~
July 15, 1987 - . ~ ~ ~ ~°Y
f
! 22. Date Mortgage and Note executed:. Et RAS
E January 5, 1980 q.~ cW
P.1=L'9't8 yftt~EO~-- -
~~N~'l~
r Wit _
(SEAL)
JOEL ROY I~CKWOOD, Mortgagor
(SEAL)
~~ieS//14< <f (SEAL)
STATE OF FLORIDA )u. COSj~y BLACRWOOD, Mortgagor
couNTY oFS t . Lucie)
~ Before me rsonall a red the individual(s) above described a: the Mort or who executed t~~ " ~'it J!iort weU known to me, t
Ps y PPS &a8 t . g gags. ~
and who aclcnowkdged before me flat he (she, they) executed the:ame for the purposes t~erein.uptasitl~~l'~1fiRd!iESS WHEREOF 1 have
set my hand and ofCuial seal in said County and State the date upon which the mortgage: ~i,ekecgted. - j
~ `t!dst~i b1ie,,8i~1~~of
~''torida
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~ My coaudissioa expires: ft>f ~ • , s ' t ~ • • ~
T..r... ~ n ~ aQ Z B~N~ e~ Plt+E