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Home My WebLink About2891 . ~ ~;~.~t 5-51.634-4 ~ -12.- Thp Mortp;or hu under the other provisions of this Mortppe and does hereby assija to the MortBaBee the reau of the Property provides that the Mectpsor shall. pnor to the aeoeleagoa of the mort8,sse indebtedness as elsewhere herein provided a the abaadoaatent o~ the Property. have the rijbt to collect and retain such reau a they become due and payabb. Upon aeoeieratioa trader the other provisions bereol or the abandonment of the Property. the MortpseesbaU~ ~ ~tkd to cake possesatoa o-(and mauape the Property and to oolkct the reau of the Property soda u~ paq due. AU renu collect pplied first to the payment of the oosu of ~sat~smeat ottbe Property and collection oI the reau but not limited to attoraey'sand realesuu broker'stees and thento the sum Mxurnd by this MortBa~e. The MortBasee shall be liabk to account only for those reau actually received. - 13. to the event suit is instituted to [oroclose this mortsaBe the MortsaBee shall be eatitkd at nay time peadierj such foeeclattre to apply to the court bavins jurisdiction thereof for the appointment of a receiver off the pwperttr and all of the reau. inoomea. ttroRu. issue and rarenues thereof !rom whatever sottrx derived and the court shill forthwith appaat such receiver with the astral duties asd powers at reeeivsrt is like aces sad said appointment shall be made as a matter of strict risht to the MortpBee sad wiWont reference to the adegaacy of tbs value atthe ~ Property or the solvenry of the Mortpsor or any other party to such suit. The ortpsor hereby waives the ritht to ob~~eCtt ~appaatmeat of a receiver and eortsenu that such appotatmeat shall be made as as admitted equity and as a matter of absolute eryaBea. 14. The abstract(s) of ark ooverinj the Property shall u aq times durias the umi of this mortpje remain is poaessioa of the MortpBee and in the event of foreclosure or other traa:[er of titk to the Property. all ri jht, ptk and interest of the MortpBor m and to the abstract(s) shall pass to the purchaser or iranta. I S. If nay iosullment c+t principal and interest is not paid to the Moetsa~ee within fdteen (l S) days after the same becomes due and payable 1 or if each and every of the Mortp~ois promaes and oovenauu set foorrtthhrn this mode and/or the Note are not fnUy and promptly performed. implied with sad abided by. the entire snm of prindpal and interest secured by this moi~tp~e shall at the option olthe Mortsyee become due and payabk in full at ones as if oripnaUy stipulated to be so paid at such time notwitliw ind at anythins is this moctBaBe or Note to the contrary. 16. It the ovvnershiQ of the Property or nay part thereof becomes vested in a person other than the MortpSor. the Moctiapee may, withottt notiec to the Moripjor, deal with such successor(s) in interest with reference to this mortp~e and the Note in the same manner as with the MortB,agor, without in any way dischar8irtj the Mortpaor's liability hereunder or upon any debt hereby secured. No tale olthe Property sad no forbeacanoe oa the part of the Mortpsee or exunuoa for the payment of the debt hereby secured shall operate to release. diacharpe. modify. chanje or affect the onpaal IiabiGty of the Mortpsor either in whole or is part. !7. The terms "Mort~,s8or" a~ "Mo "wherever used in this instrument shall ind»de the heirs. personal representatives. successors and assigru of the rapecuve parties: the sra~ar number shall include the plnral, the plural shall include the siaptlar and the nse of any peender shall include all Benders. - i - 18. Name(:) of Mortpaor(s): ' i JOHNNIE DRAKE and KATHY R. DRAKE, his wife 19. County in Florida wherein Property is situate and description thereof: St. Lucie Lot 31, Block 6, PINECREST ESTATES UNTT TWO, a Subdivision according to the Plat thereof, as recorded in-Plat Book 17, at Page 5, of the Public Records of St. Lucie County, Florida. 1 20. Rank or priority o[ this mortpye: - - Second Mortgage 21. Ori8inal amount of Note: $1,675.00 Maturity o[ Note: December 15 , 1984 19~ APR 23 AN t~ 33 ~ 22. Date Mortpse and Note executed: I1ti8 t4EG U April 16, 1980 ~ Ectwl+T .FLR. R POITRAST . pRCU1T V~RtFtC!?_ r - ,~g,4p5z Wi (SEAL) - OHNNIE DRAKE; Mortgagor - (SEAL) STATE OF FLORID )es: ~ (SEAL couNTY oFSt ucie) KA HY DRAKE, Mortgagor. Before me personally apparel the individual(s) above described as the Mortpior who exewted the fore8oiaj ~ known to me, and who ackaowkdpod bdore me that be (she. they) executed the same for the purpaes therein expreased.1~,11K1'~~~'WiOF I have set my hand and official seal in :aid County and State the date neon which the mortBriBe was exacuted~ ...,,;~2~'%~~~:, • June 30 198 = ~ i