HomeMy WebLinkAbout0244 Our File 5-51.559-3
12. The Mortgagor hu under the other provisions of this Mortgage sad does hereby auign to the Mortgagee the rents of the Property.
provided that the Mortgagor shall. pprior to the aooekntion of the mortpge indebtedness as elsewhere herein provided or the abandonment o!
the Property, have the nght to collect and rctiin such rcnu as they become due and payabk. Upon aooekratton under the other provisions
hereof or the abandonment of the Property, the Mortgaggeoee shag be entitled to take possession o and manage the Property and to oolkct the
rents of the Property including those put due. AU rents collected:hall be applied tint to the payment of the costs of management of the 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 shall be tiabk to aceount only [or those rcnu actually received.
13. In the event suit is instituted to foreclose thu mortpge the Mortgagee shall be entitled at any time pending such [oreclosurc to apply to '
the court having jurisdiction thereof for the appointment of a receiver of the Droperty and all of the rents, incomes, ptoftts, issues and revenues
thereof from whatever source derived and the court shtU forthwith appoint such receiver with the usual duties and wen of receivers is like
cases and said appointment shall be made as a matter of strict right to tbs Mortgagee and without rsfsrcnae to the a~uacy of the value of the
Property or the solvency of tht Mortgagor or any other party to such suit. The Mortgagor hereby waive: the right to obi` i t ~appintment
of a receiver and cotucnts that such appointment shall be made as an admitted egwty and as a matter of a lute M rtgagee.
14. The abstnct(s) of tick covering the Property shall at all times during the term of this mortgage remain in possession of the Mortgagee
and in the event of toreclosurc or other transfer of tick to the Property, aA right, tick and interest ottbe Mortgagor to and to the abstract(s) shall
pass to the purchaser or grantee.
1 S. It any installment e`t principal and interat is not paid to the Mortgagee within fifteen (1 S) day: after the same become: due and payable
or if each and every o[ the Mortgagor': promises and covenants set lortrtb6 to this mortgage and/or the Note are not fully and promptly
performed. complied with and abided by. the entire gum of principal and interat secured by this mortpgs:ball at the option of the Mortgagee
become due and payable in full at once as tf originally stipulated to be so paid at such time notwithstanding anything in ibis mortgage or Note to
the contrary.
16. if the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor. the Mortgagee may. without
notice to the Mortgagor, deal with such.suooessor(a) in interest with reference to this mortgage and the Note in the:ame manner as with the
Mortgagor, without m any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale ottee Property and no
forbeannce on the part of the Mortgagee or extension for the payment of the debt hereby secured :ball operate to release, discbarge,.modify.
change or affect the ongmal liability of the Mortgagor either to whole or in part.
17. The terms "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the heir, personal representatives,:uooesson
and assigns of the respective parties; the singular number shall include the plan!, the plan! shall includs the singular and the use of any gender
shall include all genders.
18. Name(s) of Mortgagor(s):
ANNA L. DAVIS, an ~unmarried•woman, and FOY M. DAVIS, an unmarried woman
19. County in Florida wherein Property is situate and description thereof: $ t . Lucie
Lot 14, Block 84, INDIAN RIVER ESTATES UNIT NINE, according to the
Plat thereof as recorded in Plat Book 10, page 74, of the:Public
Records of St. Lucie County, Florida. •
20. Rank or priority of this mortgage:
First Mort~age
21. Original amount o Note:
S6 ,loo . oo qgp APR -9 A!~ 11= 24
~ Maturity of Note:
May 15 , 1986 ulc ~co~,l.e
22. Date Mortgage and Nou executed: ~ 1_liClf IIN f Y. f L A.
l Aril 2, 1980 ~cM~~ ST
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ih'~g t1E+ttftEo
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_ _ - ,
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(SEAL)
ANNA L. DAVIS, Mortgagor
_ (SEAL)
STATE OF FLORIDA )n: ~J t' a7~-'~ (SEAL
couNTY oFSt . Lucie) FOY DAVIS, Mortgagor
Betorc tree personally appeared the individual(s) above described as the Mortgagor who executed the foregoing MortpgC..1!'ell keown to tree,
and who acknowkdgsd before me that he (she. they) executed tbe:ame for the purposes therein expressed. IN WTtNESS W~IEREOF I have •
set my hand and official seal in said County and State the date upon which the mortgage was executed.;'
~
~ Notary Public.. ~orida
t
My comausiion expire.: 1+1~ pAGf 244 - - - ' . _ ~ ti
_Ttme 30 _ 1983 8[~1Kt~ 1---