HomeMy WebLinkAbout1349 12. The Mortpgor has utdec the other provision of this Mortpje and don hereby assija to the Mortpgee the testa etthe Property
provided that the Mortpgor shall, pnor to the aooderadon o! the mortpge indebtedness a elsewhero betas provided or the abandonment o~
the Property, have the right to polka and retain such rata u they become due and payable. Upon aooderstios under t~ otter proviw;pas
bereot of the abandonment of the Property. the M ppe shall be entitled to take poaasion of and manaje the Property sad to oolbct the
rcau of the Property includtr~ those put due. AU rentso„ oolMcted shall be applied Grst to the payment ottbe ponce oI mana~estea~ olthe Property
and coUeaioa of the reau including but sot United to attorneys and real estate broker's fen and then to the sum seeur~ed by tltie MortpEa.The j
Mortpgee shall be liable to account ody for those rata aauaUy received. !
13. la the event suit a imttituted to fotbclpse this mortsagie the Mort~~oe shall be entitled at any time peW?ni such foreclanre to apply to
the court having jurisdiaioa thereof for the appointment o! a r+ooeiver ofthe groperty and all of the r+eats. incomes. protta. issue and rerenna ~
thereof from whatever source derived and the court shall lorthwith appaat such receiver with the usual duties and powers o(reoeiven in like 1
cases and said appointment shall be made as a matter d stria ri
jht to the Mort,p~ee artd without rderatoe to the adegwcy d the vslus of the
Property or the solvency of the Mortp
jot or any other party to such suit. The Mertp
jot hereby waives the risht to object to the appantmeM
of a receiver and conseau that such appointment shall be made es as admitted equity and u a matter of s ute rtjht to the Mertpjee.
14. The abstract(s) of title eoveriaj the Property shsU at all lima durinj the term of this mortpje amain is poaenion ottbe Mortpjee
and is the event of fofeclosurc of other tranfer of title to the Property,Wright, title and interest of the Mortpgor m and to the abstract(s) shall
pass to the purchaser or grantee.
1 S. It any installment of principal sud interest a not paid to the Mort
js see within fifteen (I S) days after the same becomes due and payable
or if ach and a of the Mortpgor': mica and oovettsna set forthm this mortpje and/or the Noa are sot pro
performod, complied with and abided by. the satin awn of principal and interest securod by this o~R~e shall at the option~o[tbe M m~
become due and playable is full at pace as i[ oripaaUy stipulated to be w paid at such time notwitlh~aandioj anythin
j in this mortp
je or
the contrary.
16. If the ownership of the Property or nay part ther+eot beooma rated in a person other than the Mortpgor, the Mortpjee may, without
notice to the Mortpgor, deal with such suooatsor(s) in interest with rcferata to this mortpje and the Note in the same manner as with the
Mortpgor. without to nay way discharging the Mortpgor's liability hereunder or upon any debt hereby secured. No sale of the Property and no
forboaraaoe oa the part of the Mortpgor or exteaaon for the payment of the debt hereby securnd:baU operate to release, discbsrje, modify
change or aRect the original liability of the Mortpjor either in whole or in part.
17. The term: "Mort&gor" and "Mortpgor" wherever used in this instrument shall include the heir, personal reprcaentativa. sttooe:sors
and assigns of the rapechve parties; the :tagular number shall include the plural, the plural shall include the singular and the use of any sender
shall include all genders.
!g. Name(:) of Mortpgor(:): MARY LOUISE LINDSEY, formerly known as MARY LOUISE
COOPER, joined by her "husband, MERLE M. LINDSEY
19. County in Florida wherein Property is situate and description tbeteof: St . Lucie COUnty
The South 55 feet of Lots 7,8,and 9 of Block 2 of FRANKLIN FARK
SUBDIVISION, as per plat thereof on file in Plat Book 6, at page
32, of the public records of St. Lucie County, Florida ,
20. Rank or priority of this mortpje:
Second Mortgage
21. Original amount of Note:
$5,475.00 ~ "4 All Ii~ 26
Maturity of Note:
December 15 , 1986 i~ial:i co~lTei?.
22. Date Mortpge and Note executed: a CIRGHT C
May 29, 1980
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W/Itaei~ea:
MARY E LINDS Mortg or
(SE~?L)
STATE OF FLORIDA ) (SEAL)
couNTYOF St. Luci~'= RLE M. LINDSEY, Mo agor '
Belpre me personally appearod the individual(s) above described u the Mortpgor who exeartod the fore~pjsg~Mp~p je, well known to me. i
sad who acknowledged bdorc me that he (she, they) executed the same for the purposes tber+ein e~rep+a~I!'~?~lLss WHEREOF 1 have
set my hand and official seal in said County and State the date upon which the mortpje wast;o~~.:••:••••'•~-~.:
~ti
~
_ y
Notary _ -Stile eI
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My ~m~~ J
ne 30, 183 f+K ~'r-,~;'