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HomeMy WebLinkAbout1615 j ~ ~ : Our File 5-51, 420-8 12. The Mortgagor has under the other provisions of thu MortPBe sad dos hereby assi~a to the Mortppe the recta of the Property, provided that the ortpgor:hall, prior to the aocekration o[ the mortpge indebtedness a elsewhere herein provided or the abatdoameat of the Property, have the right to collect and rcuia such rcau a they become due and payable. Upon aocsktatioa under the other provisions hereof or the abandonment of the Property, the Mottp~geeee shall be entitled to take poawsioa Of ind maaa~ the Property and to collect the rents of the Propertyincludinglhose put due. All rents collected shall be applied lust to the payment of the coati of maoa~emeat of the Property sad collection of the rents including but cot limited to attorney': and real estate broker's tees and then to the sum at red by thin Mortpp. The MQnpgee shall be liable to account only for those rents actw0y received. 13. In the event suit is itutituted to foreclose this mortppe the Mortsasoe:hall be entitled at any time pendiu,~ such foredosnre to apply.to tl?e court having jurisdiction thereof for the appointment o[ a receiver o the property and all of the rents, incomes, profits. issues sad revenues thereof from whatever source derived and the court shall forthwith appoint :uch receiver with the awl duties sad ppoower o! reoeiveti is like caw sad said appointment shall be made a a matter of strict right to the Mortpppee sad without rctercaoe to the sdajus?cy of the value of the Propeny or the solvency of the Mortpgor or say other patty to such suit. The Mortpgor hereby waives the r' t to ob~ea to the appotatmeat of a receiver and conseau that such appointment shall be made a an admitted egwty and a a taatter of a6wlute npbt to the M~rtppee. 14. The abstract(s) of title covering the Property shall at all lima during the term of thk mortpp remain is poaessioa of the Mortppee and is the event of [oteclosurc or other tonskr of tick to the Property, all right, title and interest of the Mortppor m and to the abstract(s) shall pus to the purchaser or goatee. 1 S. If any iastallmeat of principal sad interest is cot paid to the Mortgagee within fJtaa (1 S) days after the same becomes due sad payable or if each sad every of the Mortpgor': promises sad ~veaaaU set totrtth6 to this mortpge sad/or the Note ors slot tt>aly sad promptly performed. complied with sad abided by, the entire sum of priacipd sad interest secured by thu mo shall at the option ottbe M~rtgapee become due and payable in f all at one u J originally stipulated to be so paid at such time aotwitlu~anything is this mortppe or Note to the ooatory. 16. If the ownership of the Property or any part thereof becomes vested is a pcrsoa other than the Mortppor, the Mortppee may. without notice to the Mortgagor. deal with such sueassor(s) is interest with reference to this mortgage sad the Note in the same manner a with the Mortpgor, without in any way discharging the Mortpgor's liability hereunder or upon say debt hereby secured. No sale 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 aftect the original ltability of the Mortgagor either is whole or is part. 17. The terms "Mortpgor" and "Mortgagee" wherever used in this instrument shall include the heirs. personal representatives, successors sad assigns of the respective parties; the singular number shall include the plural, the plural shall include the angular sad the use of say gender shay iacludc all genders. 18. Namc(s) of Mortpgot(s): FRANK MARTIN and THERESA MARTIN, his wife 19. County in Florida wherein Property is sitwte and description thereo! S t . Lucie Lot 12, less the South 10 feet thereof, in Bloc14 8, of SUNRISE PARR NO. 1, according to the Plat thereof as recorded in Plat Book 8, at Page 42, of the Public Records of St. Lucie County, Florida 20. Rack or priority of this mortpge: Second Mortgage 21. 475 ~OOof Note: 3' 1.980 MkR I 1 A1~ 11~ 2 Maturity of Note: June 15, 1984 s~~u°ciE''cti~it`Y`F~°n. 22. Date Mortpge and Note executed: ROGER P ITRA March 5, 1980 t,~tRtc clRCwt tx~l,ttp It~na vFPiftfo_-~. I ` 4`79653 Wit . ~ SEAL - ~ RANK MARTIN, Mortgagor ( ) T ~ A'-~C.l Vii' - ` .t (SEAL) x STATE OF FLORIDA ) ~ ~~!fit~? (SEAL) G covNTV of St. Lucie>~'' THERESA MARTIN, Mortgagor Before me personally appeared the individual(s) above described a the Mortpgor who exewtod the foregoing ~prtppe, well knmm to me, sad who acknowledged betorc me that be (she, they) executed the same for the purposes therein expressed.•tAt~~l/1$31JYHEREOF I have , set my hand and official seal in said County sad State the date upon which the mortppe wa e ~ ~ , :r - - of _ ~ My coatmiisiDn bxpires: . June 30, 1983 BL(N( .