HomeMy WebLinkAbout1183 ' -
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l2. the M has under the other provisions of this Mortgage gad dun hereby assign to the Mortgagee the reab of the Pcoptrty,
provided that the Mort~or shall, pprior to the aooekntion of the morty~e iodebtednas a: eMewd+ere herein pmvded ~ the abandonment of ,
the Property. have the rtght to collect and retain such cents as they become due and payable. Upon acceleration under the other provisions s
hereof or the abandonment of the Property, the M ~~ee shall be entitled to take posaessioa o[ and reaoa8e the Property and to ooliect the
rcnb of the Property' those pad due. All reabo~
coUoctod shall be applied first to the payment of the oases of maau~ement of the Property i
and collection of the renu~uding but not limited to attoretey~ and rwl estate broka1s [ea and than ro the sutra secured by this Mort
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M~rtgagoa :bail be liable to account only for those renb actually received. -
13. In the event suit ~ instituted to foreclose thni mortgage the Mortgpgee shall be entitled u any time pending such fonclawe to apply to
the court having jurisdiction thenot for the appointment of a ceoetver the property and aB of the real:. incomes. profit. issues and revenues: 4
thereof from whatever :curet derived and the court shall forthwit>; appwnt such reotyver with the usual duties and p wets of receivers is like i
cases and said sppointnseat shall be made as a muter of strict right to t[ie Mo~t~e~ and without teferenoe to tle adooquacy of the value oithe
Fwperty.or the solvency of the Mortpgor or nay other party to:nch suit. The Mitt8ssor hereby waives the r~ to ob~eCt to the
of s r+eoetver and eoasenb chit suds appowtment shall be made as an admitted equity and as a matterAf absolutes cKbt to the
14. The abstract(s) of title covering the Property hall u all times during the teem o[ this moctpyR remain in Poaesdon of the Mortgagee
and is the avert of foredoque or other tranda of title to the Property. all right, trtk and interest o[the Mortgagor to and to the abstract(s) shall -
pass to the purchaser ur grantee. _ - - -
S. if any installnseat of principal and interest is not paid to the Morya~ee within CtReea (1 S) days atmr the same beooma due and payable ~
or J each and every of the M~t~a~ois prom~~es and eof~eaanb net forthm this m~t~ sod/or the Note are not fully and promptly
performed, complied with and at+ided by, the esntin sum of principal and interest scatted by this art~e shall u the option niche M«tis~ee -
becomedueand payable in full at once as if oripnaily stipulated to be so paid at such time aonviil~gaadt'nd aaythin;in this matp~e or Note to
the-contrary. -
16. U the ownership of the Property or nay part thereof becomes vestod in a person other than the Mortdsgos, the Mortpgee may. without
stotiee to the Mortgagor, deal with such s»ooeswt(s) in interest with reference to flux mo~ge and the Note in the same moaner as with the
Mortgagor, without in nay way dtschargiag the Mortgsgor'sliability-hereunder or upon
nay debt hereby secured. No:ale ofthe Property and no
forbearance oa the part of the Mortgagee or etitension for the payment oI the debt hereby segued shall operate to release, discharge, modify,
change or affect the o~t+ai liability of the l++tortgsg~r either in whole or in part. -
17. The terms "Mort~gor" gad "Mo "wherever wed m thrs utstrumcnt shall mdude the bens, personal repraeatatrves, wooes:ors
a~ assigns of the n~~ parties; the si~ number shall include the phual, the phrral shall include the dngular gad the we of any gender
shall.indude all ore
18. Name(s) of Mortgagor(:} _ -
AGNES NAVARRO, joined by her husband PABLO LUZA NAVARRO
19. County in Florida.rherein Property is situsu gad description thaeo~ St. Lucie - -
Lot 11, a_nd the South 5 feet of vacated alley adjacent on North,- -
in Block 2, of HILLCREST SUBDIVISION, according to the Plat thereof
as recorded in Plat Book 4, at Page 41A, of the Public Records of
St. Lucie County, Florida
20. Rank or riority of this mortgage: - -
First I~{ortgage -
?l, Original amount of Note: - - -
$3,750.00
Maturity of Note: - 1980 JA1i 23 P'll 3' 41 ~
December 15 1985-
1 22. Date Mortgage and Note ezecuted: - f~LEO ! _ Rr-„~a
~ Januarq 19, 1980 seutqurcoulZt
~ RECOitO VERlFlEt?.
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L:~lLritn.~e
Ac,~ N V ortgagor - ESEAL)
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• f'i?" 4"e'`'"J (SEAL
STATE OF FLORIDA ) -
~ PAB1A LUZA NAVARRO, Mortgagor..-
CouNTY of St. Lucie) '
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~ Bd'ore me personally apparel the iadividnal(s) above described as the Mortgagor wlto ezec~:r~d the foregoing Martga~0. ~Rli~t+ftM,m~ '
and who acknoerlodged bdore me tbu be :she, they) ezecnted the same for the parpoaes therein expressed. IN WT-IN,E~Q ~ai~e~
set my hand and otGcial seal in said County and State the date upon ~rhitdt ehe mortgage was executed. 1. ~ - -
p~.7 StsK : - - -
My commissieo ewes: e, t~ . „ ~
June 38-; 1983 - -