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HomeMy WebLinkAbout0877 t ~ Our File 5-51,291-3 . ~ 12. The Mortgagor bas wrier the other provisions of this Mortgage aced does hereby as:;ga to the MortZsgee the reau at the Property i provided that the ortgagor dull. pprior to the sooekatioa of the mortgage indebtodaat u ehxwbere bersin provided or the abaadoameat o~ ! the Property. have ebe right to collect and retain such reau u they become due gad payabk. Upon aooekratioo under the other provisions hereof or the abandonment of the Property, the M rt~s~e shall be eatitkd to take poaasion of aced manaje the Property and to oolket the reau of the Property includinagg those peso due. AU renuo oolleaed shall be applied fiat to the payment of the costa of maaa~ernent of the Property and collection of the rcats including but not limited to attorney's and teal atau broker's face and then to the swn secured by this Mortgage. The Mortgagee shall be liabk to aooouat ody for those keno actually teoaved. _ r 13. !a the event suit a iaititutod to foreclose this mortgage the Mort~,a~ee shall be eatitkd at any time pendin j such foreclosure to apply to the court having jurisdiction thereof for the appaatmeat of a receiver oftbe N~operty and all of the renu. incomes. vrofits. issues and rerenues thereof from whatever soura derived and ebe court shall forthwith appoint such receiver with the usual duties acct wera of receivers is like cases snd:aid appointment:hall be made as a matter of strict right to the Mo~~ee and without reference to the a~uacy of the vahte of the Property or the solvency o[ the Mortgagor or any other party to such suit. The Mortyasor ber~eby waives the cisht to ob~ax to the appwatmeat of a receiver and coaseau that such appointment shall be made as as admitted egwty and as a matter of a uta nght to the Martpsee. 14. The abstract(s) of title covering the Property shall at all lima d the term of thu mortgage remain is poaeasioa of the Mortgagee and is the event of foreclosure or other transfer of utk to the Property, all n~' t. title and iaterat of the MortpBor m and to the abstinct(:)shall pass to the purchaser or grantee. ! S. If gay insla!lsnsat rf principal and interest is not paid to the M within frftsen (1 S) days after the ame becomes due and payable or J each and every o[ the Moctp~ois promises and covenanu set forthm this rt~a~e aced/or the Note are not fully and promptly performed, complied with and abided by, the entire sum of prurcipal and interest secured by this shall at the option of the Mortta~oe become due and payable in full at once a: doriginally stipulated to be so paid at such time aotwitlrn~aaything in this mortgage or Note to the contrary. 16. If the ownership of the Property or any part thereof becomes voted is a person other than the Mortp jor, the Mortiasee may, without notice to the Mortgagor, deal with such successor(s) is 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 of the Property and ao forbearance on the part of the Mortgagee or exun:ton for the payment of the debt hereby secured shall operate to ukase, discharge. modJy, change or affect the or~graal liability of the Mortgagor eitba is whole or is pail. - 17. The terms "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the heirs, personal representatives, successors and assigru of the respective parties; the singular nwnber shall indtrde the phual, the plural shag include the singular and the use of gay gender shop include all genders. . 18. Name(s) of Mortgagor(s): GENEVA COLLINS', an unmarried woman and ANNIE BELLE SCOTT, an unmarried woman, and PAULINE S. TOLBERT, formerly known as PAULINE S. WELLS, joined by her husband CHARLES E._TOLBERT 19. County in Florida wherein Property is situate and description thereof: S t . Luc ie - The East 43 feet of the South 150 feet of Lot 10, H.A. WALLACE'S SUBDIVISION, according to the Plat thereof as recorded in Plat Book 3, at Page 82, of-the Public Records of St. Lucie County, Florida 20. Rank or priority of this mortgage: Second Mortgage 21. amount of Note: $3~i~is'.oo ;;~0 Fib 27 ;1= 23 Maturity of Note: I February 15, 1987 - F;~~o~tc,~wtii~ru 22. Dau Mortgage gad Note execntod: 5 ROG~f.R~CITRASI.. CtERit CiitCi3R Cte!!RT ~ February 16, 1980 - 4'7313 i - r - ~CJ~~ib..LtlCv (SEAL) ' itnesses: ~ NEVA COLLINS, Mor gager (SEAL) A BELLES TT tg or k (SEAL) P E S. TOLBE Mortgagor t STATE OF FLORIDA ) ~ (SEAL) couNTY of St. Lucie HARLES E. TOLBERT, Mortgagor Bdore me personally appeared the individual(s) above described as the Mortgagor who executed the fo~oing Mortgage, well known tome, I aced who aekaowkdged be[ote me that be (she, they) executed the same for the pnrpaea therein e~tprened. IN WITNESS WHEREOF I have set my hard snd official seal io said County gad State the dau upon which,~>~s`~ _ ' .mss ratncWed. = ~ a; C•: •-Y ~ ~ Skase d My com>~s~lbasxpires: O`er ~ Q: off,`, June '3A-;1~$`'.3 ~y..s..s~~••:,ti• ~ - ~rgN11 nAttr • 1C~1 1 s