HomeMy WebLinkAbout0240 ~ Our File 5-51,557-7
12. The Mortgagor hu under the other provisions of this Mortgage and does hereby u:ign to the Mortgagee the rcab of the Property,
provid:d that the Mortgagor shall, prior to the acceleration of the mortgage indebtedness u ehkwherc herein provrded or the abandonment of
the Property. have the nght to collect and retain such rents u they become due and payable. Upon aoxkratioa under the other provisions
hereof or the abandonment of the Property. the Mortgaggesa :hall be entitled to take posseutoa of and manage the Property and to collect the
rcpt: of the Property including those put due. All rent colkcted:ball be applied tint to the payment of the costs of management ottbe Property
and collection of the rents including but not limited to attorney's and real estate broker's tea and then to the sum secured by this Mortgage. The
Mortgagee shag be liable to amount only for those renu actually received.
13. In the event suit is instituted to foreclose thu mortgage the Mortgagee shall be entitled at any time pending such foreclaurc to apply to
the court having jurisdiction thereof for the appointment of a receiver of the property and all of the rents, iac:omes, profits, issues and reveaua
thercot from whatever :Dora derived and the court shaA forthwith ceppoutt such receiver with the usual duties and powers of reotivers in like
cases and said appointment shall be made u a matter of atria right to the Mortgages and without reference to the adequary of the value ottee
Property or the solvenry of the Mortgagor or any other party to such:uit. The Mortgagor hereby waives the right to object to the a taint
of a receiver and consenu that such appointment shall be made u as admitted equity and a: a matter of a lute nght to the Mortgagee.
14. The abstract(:) of title covering the Property shaA at all times during the term of thu mortgage remain is po:KSSion of the Mortgagee
and in the event of toreclosurc or other transfer of Utk to the Property. all right, title and interest of the Mortgagor m and to the abatrsd(s) shall
peso to the purchaser or grantee.
1 S. If any installment ~f principal and interest s not paid to the Mortp~ee within fdtcea (1 S) day: after the same becomes due and payable
or if ach grid every of the Mortgagor's ppremises and covenants set forthut this mortgaggee and/or the Note are not fuAy and promptly
performed. complied with and abided by.~the entire:um of principal and interest secured by tbi: mortgage shaA at the option of the Mortgagee
become due and payable in full at once as d originally stipulated to be so paid at such time aotwithsta rag anything in thu mortgage or Note to
the contrary.
16. If the ownership of the Property or any part thereof becomes voted in a person other than the Mortgagor, the Mortgagce may, without
notice to the Mortgagor. deal with such sumsssor(s) in interest with reference to this mortgage and the Note is the same manner u with the
Mortgagor, without m any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the Property and no
forbearance on the part o[ the Mortgages or exteasron !or the paygteat of the debt hereby secured hall operate to release, discharge. modify,
change or affeM the ongrnal liability of the Mortgagor either in whole or is part.
17. The terms "Mortgagor"and "Mortgaggecee" wherever used is this instrument shall include the heirs, persona! rcpreseatativa, suoauors
and assigns of the respective parties; the singular number shall include the plural, the plural shall include the singular•and the use of any gender
shall include all genders.
18. Naa?e(s) of Mortgagor(s):
WILLIS 0. LANG and JENYET~L LANG,, his wife
19. County is Florida wherein Property is situate and description thereof: S t . Lucie
Lot 6 and East ~ of Lot 7, Block 37, SUNLAND GARDENS, as per plat
thereof recorded in Plat Book 9, at page 67, Public Records of
St. Lucie County, Florida.
20. Rank or priority of this mortgage:
Second .Mortgage
21. original amount of Note: 198 APR -9 ~ 1 I ~ 17
~2, 725.00 pkEp ono ntcotto~o
atunty o[ Note: ~T1tlC! COUNTY. A.
~I December 15 , 1985 r~olT Iti?sy
2L Date Mortgage and Note executed: ~it,Ft_~'
I March 29, 1980 _
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~ (SEAL) -
WILLIS 0. LANG, Mor agor
(SEAL) t
STATE OF FLORIDA ) _ (SEAL)
couNTVOFSt. Lucie )a'~ J THEL LANG, Mortgagor
Before nx penonagy appeared the individual(s) above described u the Mortgagor who executed the foregoing Motip~e,w!ell•ISnown to me,
and who acknowledged before me that be (she, they) executed the same for the pnrpoaes therein expressed. IN V~ft'F'!!jE33 W~REOF I have
set my head and official seal in said County and State the date upon which the mortpge wu execu • ~
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otary tA'ubli e • orida `
My commisiio4 axpu~s: _ ~ , ' ' ,
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