HomeMy WebLinkAbout0106 5-51,73b-7
t2. The Mor~or hat under the other provisions of thii Moryape and does here T - ~
provided that the Moctpsor shall, pnor to the afloeleatioa o[ the uaoctp,e iadebted~ets~iu~bew>,et!`t~dl6lilddd or ab od ~~t
o~
the Property, have the rubs to collect gad retain such nau a they becoata due aced
p~~ tlM Otf~pe' a'oat
hereof a the abaadoameat of tha Property. the M ahaU be entitled to take a aad_to collect ibe
reau of the Property iadudius those past due. All reatto collected shall be applied fast to the payment at o#([ pro
and oollectioa o! the reau ' udiru but not Waited to attoraey9 aced rat estate broker's tees sa~e~ ~ f
Mortiapee shall be liable to account only for shone reau sauslly reoaved.
13. la the event suit a instituted to foreclose tha tnatZae the M shall be entitled at nay time such foreclosure to
the court havitu jurisdiction thereof for the appointment o[ a receiver of the property aced cell of the reau. tiroGtt. itwa aced r~uea
thereof from whatever source derived aced the wart shall forthwith ceppaat such r+ooeiver with the usual duties aced p wets of receivers is like
rasa aced said appointment shall ba made as a matter of strict right to the Mort~a~ee and without rdereooe to the adegnacy of the value of the
Property or the wlveacy oI the Mortsasor or any other patty to acerb suet. The Mortpsor hereby wawa the ' to ob~eet to tbs ppaa
of a receiver and oonseab that snch appointment shalt be made as sn admitted equity aced u a nutter of a t_ tubs to tbe~M rtji
t ~ !
i4. The abstrsa(i) of title coveriaj the Property shall at all times d the term of this morya~e remain is of the M 'r
aced is the event of toreclaua or other traas[er of tick to the Property. aUu
n~t, tick and interest of the Mortp
jot mathe abetrad(t)sball
pass to the purchnet or ~raata. .
a
I S. U atiy installrpeat of principal aced interest it not paid to the M within fJteen (!S) days after the same becomes due aced payable
or if each and of the Mo~p~ promisor sad covenants set forth~a chit moa~~e aced a the Note are not tnth? and
performed, eomp~bed with and abided by the entire sum of priaapal and interest secreted by this roof shall at tbs option of the
become due and payable in full st once u J oripaally stipulated to be w paid at such time notwitlut~~aaythin
j is thts molt
jade or
Nto~fe
two i
the ooatruy.
16. U the owasrshi of the Pro rt or as ~
P Pe Y P~ thereof beooma vested in a penoa other than the Moryaior, the M ma ,without
notice to the Mortpayor, deal wiW such suooessor(t) is interest with reference to this mo aced the Note in the wmmanner s~ with the
Mortpior. without m say way discharpru the Mortp
jot's liability hereunder or upon any debt hereby secured. No tale of the Property aced no
forbeataaoe oa the part of the Mort;aja or exteat~oa for the payment of the debt hereby secured shall operate to nkaae, discharje, modify,
chsaje or affect the orijiaal.lisbelity of the Mortjajor either in whole or is part. {
17. The terms "Mortpjor" and `Mortrtpp~joo " wherever used in this instrument shall include the heirs, personal tepraenutiva. suooeswrs
gad assigns of the respective parties: the tin
j)u ar number shall iodude the plural, the plum! shall include the '
shall include all jenden. sanduVrandtheweotanY i
18. Name(s) ~ Mortjsjor(s): WILLIE CORDON & LILLIAN CORDON, his wife ~
19. Coca in Florida wherein Pro s situate gad descri =
ty ' petty ' ption thereoL• S t . Lucie
Lot 19, less .the South 10 feet thereof, in Block 8, of SUNRISE PARR
SUBDIVISION, as per plat thereof on file in Plat-Book 8, Page 42, of
the Public Records of St. Lucie County, Florida. t
i
20. Rack or priority Ot this mortjaje:
Second Mortgage
T1. orijiaal amount of Note: ~ ~r ~ ~
Maturit7jr of NoOte: ~ ~ ;
May 15, 1986
22 Date Mort jaje sad Nou a:ecutod: f
April 30, 1980 "~~Ar?1FRrt'~p__ '
4~60~
wi
• r. p~
,~~1 hl.K.~„p~7 (SEAL)
bPh~ G~~Mortgagor
- (sEAL)
LILLIAN CORDON, Mortgagor
STATE OF FLORIDA )w:
couNT~oF S t . Lucie)
Bdore me perwnally appeared the individual(s) above described as the Mortpior who executed the torejois j Mort
jp~e, Weil tnowa to me,
gad who acksowled
jod before me that be (she, they) executed the same for the purposes therein
e:pretsed. IN :1yfi~REOF t have
set my baud gad Official seal in said County gad State the date upon which the was exearted. ;K.t;,
' ~ ~ Vii."',:~`.:.a
= '
My rorAsidsiiia e~irts: , t. ~ Notary ~ ~ ~ ~ ~ •.a
June 30, 1983 tdt 'sz
~~x331 P,~E 106 ~