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HomeMy WebLinkAbout0126 • Our File 5-51472-9 12. The Mortgagor has under the ether provisions of this Mortpge and does hereby assiga to the Mortgagee the recta of the Property provided that the ortpgor shall, prior to the socekntioa of the mortgage irdebtcdaess ss ebewhete herein provided or the abardoameat o~ the Property, have the nght to collect and retain such real: u they become due and payable. Upon aooekrauoa under tbt other, provisions hereof or the abandonment of the Property, the Mortgages shaU~ ~ atkd to take poasess~oa of tad manage the Property and to collect tba rent: of the Property including those put due. AU rents tw ppliod first to the payment of the cotta of management of the Property and collection of the rents including but not limited to attorney's and real esute broker's fees and then to the:um secured by thin Mottpge. The Mortpgee shall be liable to acxount only for thole rents actually received. 13. In the went suit is instituted to foreclose chit mortgage the Mortgagee shall be entitled at any time pending tech foreclaun to apply to the court having jurisdiction thereof for the appointment of a receiver o the property tad all o! the teat:, incomes. profits. issues and rerentres thereof from whatever source derived tad the court shall forthwith appoint such receiver with the weal duties tad wen of receivers is like uses tad said appointment shall be made u a matter o[ strict right to the Mortgaape and without retennoe to the a~uacy of the value ottee Property or the solvency of the Mortpgor or say other party to such suit. The Mortgagor hereby waives the right to ob~eet to the appo~atment of a reorrver and consents that such appointment ahaU be made at as admitted egwty tad u a nutter of absolute tight to flee Mottpgee. 11. The abstract(s) of tick covering the Property sbW st all times during the term of thu mortgage remain is posae:tion of the Mortppe and in the event of forecloaurc or other tnrufer of tick to the Property. all right. title tad interest of the Mortpgor ra and to the abstract(s) shall pas: to the purchaser or grantee. 1 S. If say irutaUmeat of principal and interest u not paid to the Mortgagoe within fdtoen (1 S) days after the same becomes due and payable or if each tad every o[ the Mortpgois promises tad ooveaanb set forth to this mortpge and/or the Note are cot fixity and promptly performed, complied with and abided by, the entire sum ofprincipal tad interest secured by this mo shall at the option oltbe Mortpga become due and payable in full at once ss rf oripnally stipulated to be so paid at such time notwith~tar~ anything is thin mortpge or Note to the contrary. 16. If the ownership of the Property or any part thereof becomes vested in a person other than the Mortpgor, the Mortgagee may. wihuout notice to the Mortgagor, deal with such successor(:) in interest with reference to this wortg~age tad the Note ur the time meaner as with the Mortgagor. without m any way discharging the Mortpgor's liability hercurder or upon any debt hereby secured. No sale of the Property and no forbearance on the part of the Mortgagee ar extension for the payment of the debt hereby secured shall operate to rtkase, discharge. modify. change or affect the ongrnal liability of the Mortgagor either ut whole or in part. 17. The terms "Mortgagor" and "Mortgago "wherever used in this irustrumeat shall include the heir, personal rcpreaentativet. successors and assigns of the respective parties; the siagular number shall include the plan!, the plural shall include the singular and the use of say gerdet shall include all genders. 18. Name(s) of Mortgagor(s): BARBARA CONGDON, an unmarried woman 19. County in Florida wherein Property is situate and description thereof: S t . Lucie Lot 2, Block "E", MARAVILLA ESTATES, according to the Plat thereof, recorded in Plat Book 8, Page 77 of the Public Records of St. Lucie County, Florida 20. Rank or priority of this mortpge: - , _ Second Mortgage ~ = 190 MAC 24 AK 45 21: Original amount of Note: FILEQ A ~ ."~C0.'tllEO $14, 400.00 sr. Lucll~coultrY F Maturity of Note: ROGER POItRAS January 15, 1987 ccEalcctt:~,rtco~tRy~ 22. Date Mortgage and Note executed: pECl~D VEiif:Etl March 15, 1980 4~~ l Wi (SEAL) BARBARA CONGDON, Mor agor - (SEAL) STATE OF FLORIDA ) . couNTV of St. Lucie>~'~ Before me personally appeared the individual(s) above described as the Mortpgor who executed the [orcgoing Mortpge, well known to me, . ` and who acknowledged before me that he (she. they) executed the same for the purposes tbereia expreated..1;~(,yNCTNESS WHEREOF I have set my band and official seal in said County and State the date upon which the mortpge was execu[ebc~ ~ : ~ ' . • _ - - L- , • ~ S ~ - _ Stitc Ot My c~mtaration expires: - _ June 30, 1983 11R ~~Q BQ~NK•L7 PEE ~LGV ' s _ , - - _ _ - -