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HomeMy WebLinkAbout1734 ~ r Our File 5-51.324-2 i 12. The Mortgagor has under the other provisions of this Mortgage and does hereby sstigrt to the Mortgagee the reau of the Property. provided that the Mortgagor shall. pprior to the aoakrstioa of the mortpge irdebtedaess ss eb?ewhere herein provided or the abapdoament of the Property. have the right to collect and retain such rents a they become due and payabb. Upon aoakrauoa under the other provision hereof or the stbaadoameat o[ the Property. the Mortpgee ahaU be entitled to uke poss<ssioa of and manage the Property cad to collect the rears of the Property iaclud'?uargg those t due. Aq rants oo ed shall be applied lust to the payment of the cosh of management of the Property cad collection of the rcatt including but not limited to attorney's and real estate broker's lea and rhea to the sum secured by this Mortgage. The Mortgages :ball be liable to account Daly for those recta actually received. 13. lathe event suit k intituted to foreclose this mortgage the Mortgages ahaU be entitled at any time pending such [orecloaurc to apply to the court having jurisdiction thereof for the appointment of a receiver o the property and all of the rents, incomes. profits, usua and cevenua thercot from whatever :ounx derived cad the court :hall torthwith appant such receiver with the weal duties and powers of reaiven in like cases cad said appointment shaA be made as a matter of strict right to the Mo~tpgee and without reference to the adequacy o[ 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 obit tl~appointment of a cecetver cad coaseats that such appotatmeut shall be made a: as admitted equity and a a matter of absolute M rtgagee. !4. The abstract(:) of title covering the Property shaA at all lima during the term of this mortgage remain is Qossa:ioa o(the Mortgagee and in the event of foreclosure or other tranfer of title 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 irt:tsUment of principal and interest a not paid to the Mortgagee within fJtoen (1 S) day: after the same becomes due and payable or if each cad every of the Mortgagor's promises and covenants set forthut this mort~ge aad)or the Note are not fully and promptly pedormod, complied with cad abided by, the entire sum of principal cad interest secured by tha mo shall at the option of the Mortgagee become due and payable is full at Dace ss J orrgrnally stipulated to be ao paid at such time notwitlh~~anything in this mortgage or Note to the contrary. 16. If the ownership of the Property or any part thercot becomes voted is a person other than the Mortgagor, the Mortgagee may, wiWout notice to the Mortgagor, dul with such successor(s) in interest with reference to this mortgage and the Note in the same manner as with the Mortgagor, without rn any way discharging the Mortgagor's IiabiGty hereunder or upon nay debt hereby secured. No sale of the Property and ao forbearance on the part of the Mortgagee or extensron for the payment of the debt hereby secured shall operate to release, discharge, modJy, change or affect the ongrnal liability of the Mortgagor either rn whole or is part. 17. The terms "Mortgagor" and "Mortgagee" wherever used in this intrument shall include the heirs, personal rcpreseatativa, successors and assigns of the respective parties; the singular number shall include the plural, the plural :hall include the singular and the use of any gender shall include all genders. I8. N:me(s) of Mortgagor(s): HENRY G, SWARTZ, an unmarried man 19. County in Florida wherein Property is situate and description tberoof: S t . Lucie Lots 18, 19 and 20, less the West 10 feet for road right-of-way and less the South 12 feet of Lot 20, in Block C, of WEST END ADDITION, according to the Plat thereof as recorded in Plat Book 2, at Page 5, of the Public Records of St. Lucie County, Florida also that part of vacated alley 20. Rank or priority of this mortgage• dying adjacent to East of above property. First Mortgage 21. Original amount of Note: $13,475.00 it Maturity of Note: j October 15.,..1986 I 22. Date Mortgage and Note eaecutod: ~~?A (~A~ ~~j ~L~ 24 February 27, 1980 , FILEti -1,~. FECOY.GI + Si.Lt1C!E CGUNTY.FI~. fiGGER POITRAS CLERK CI C!!T CQ'~F~ 4?'?'~6i Wit (SEAL) NE ARTZ, rtgagor (SEAL) STATE OF FLORIDA )u: coUNTV of S t . Lucie) Betorc me persona0y appeared the individual(s) above described u the Mortgagor who executed the foregoing Mortgage. well known to me,' and who acknowledged before me that be (she. they) executed the same for the purposes therein a:pte~d~d1$~1TNE$~, WHEREOF I have set my hand and official seal in said County cad State ehe date upon which the mortgage was ea~dot~l~ ~ 31 y%,, ~ , eJ, •f' i O' My comm~swori expires: c + .~?i ,June 30,1983 v Ba7KtJI~,U PAGE~~2 ~~~~~'`~%~~;:,~5~,?~~~~'~.