HomeMy WebLinkAbout0483 t ' • ~ ~ 5-51, 740-9
12. The Mortpgor ha under the other provisions of this Mortgage and dos bercby a:aigu to the Mortgagee the renu o[ the Property
provided that the Mortgagor shall, pprior to the aeoekratioa of the mortgage iadebtodnw at elsewbero herein provided of the abaadoemeat o~
the Property. have the right to oolkct and retain such reau u they baome due and payable. Upon aooakratioa under the orbs provisions
hereof or the abardoameat of the Property. the Mon~gagee shW bE entitled to uke posses:roa of and maaye the Property and to colka the
renu of the Property iacl those psu due. All reau collected shW be applied ttrst to the payment of the oosu of t of the Property
and coUeaioa of the reo iaciudiag but not limited to attorney's and raj cause broker's [ea and then to the sum «xaYi,red by this Mortgage. The
Mortgagee shW be liable to aooouat Daly for those renu actually received.
13. Ia the event suit u instituted to foreclose this mortgage the Mortgagee sbW be entitled at say time Peat sach foreclosure to apply to
the court having jurisdiction thereof for the appointment of a reerver of the property and W of the reuuta. incomes. profiu. issues sad tereaues
thereof from whatever source derived sad the court shall forthwith appant such reotiver with the usual duties and poWert of reotivets is like
cases sad ssid appointment:ball be made as s matter o[ strict right to the Mortpgx and withont retereoos to the adequacy of the valve of the
Property or the sohronry o[ the Mortgagor or say other party to such suit. The 1~!ortgagor hereby ~raives the right to object to the appantmeat
of a rconver sad ooascnu that such appointment :hall be made as as admitted equity sad s: a snarler o! absolute rtght to the Mortgages.
14. The abstract(s) of title covering the Property shW at W lima during the term of this mortpge remain is potsesaoa of the Mortgage
sad in the event of foreclwun or other transfer ottitk to the Property.Wright, title and interest of the Mortgagor ut sad to the abstract(s) shW
pan to the purchaser or grants.
1 S. If any insWlmeat of priaapal sad interest is not paid to the Mortp~ee within fifteen (1 S) days after the tame beooma due sad payable
or it each sad eve of the Mortpgois promises and ooveaartu set forthm this mortp~ and/or the Note are not fully and pee
ppeerformed. oomph
d with and abided by, the entire sum of principal sad interest secured by this mo sbW at the option of the Mort~jse
become due and payable in full at once ss rf oripnally stipulated to be so paid at etch time aotwittutat~~
anything is this mortgage or Note to
the ooatrary.
16. 1f the ownership of the Property or say part thereof becomes vested is a person other than the Mortgagor. the Mortgagee may. without
aotia to the Mortgagor, deal with such suooawr(s) in iaterat with reference to this mortgage sad the Note in the same manner as with the
Mortgagor, without rn say way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the Property sad ao
forbearance oa the part of the Mortgage or ezteosioa for the payment of the debt hereby aectrred shall operate to release. discharge. modJy.
change or affect the onpaal liability of the Mortgagor either in whole or in part.
17. The terms "Mort~ago~" and "Mort " wherever used is thle irutrun?eat shall include the heir, personal representatives,:uocess9rs
and assigns of the r~apect~ve parties: the s: number shW include the plural. the plural shall include the singular sad the use of any gender
shag include W genders.
18. Name(s) of Mortgagor(s):
JIM CAIN, JR. and VIRGINLA CAIN, his wife
19. County is Florida wherein Property is situau and de:criptioa thereof: St . Lucie
Lots 9 and 10, in Block 10, HARI~NY .HEIGHTS, ADDTTION ~4~, according to
the Plat thereof as recorded in Plat Book 9, at Page 71, of the Public
Records of St. Lucie County, Florida.
20. Rack or priority of this mortgage: ~~'O ~~Y ' 2 ~ +i: , 0
Second Mortgage Eo ?hG ~Et:t1~d
21. Original amount of Note: ~ • raTRASA•
$ 7 , 92 5.00 ~ eutcult co t .
Maturity of Note:
November 15 , 1986 tco~
22. Date Mortgage and Note a:carted:
May 7 ,1980 4~
.
r
Wi
~ /`/f't G/r~ i
N ~ (SEAL) 1
~ JIM CAIN, JR. ,Mortgagor
(SEAL)
• . . _
STATE OF FLORIDA ) (Sea 1
couNTYOF St. Lucie)~'• G CAIN, Mortgagor
Before me personally appeared the individual(s) shove described as the Mortgagor who a:ecutcd the f t ;~ajsil known to me,
o~~t~~Oripl~ ' 1: I have
and who acknowledged bdore me that be (she. they) a:carted tbe:ame for the purposes therein a:pra~d.~~1~A~3-1B0
set my hand and official seal in :aid County and State ehe date upon which the mortgagee was euauos~ V : v' ~ ;
Q
. ~ Notsr7 h6ijs 7f,
My comsrsaoa `xpJune 30 , 1983 r
• ~~x331 PEE 483