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Home My WebLink About1811 i i 12. The Mortpgor has under the other provisions of this Moripge snd does hereby assign to the Mortgagee the rests o[ the Property provided that the Mortpgor shall, prior to the acoekntion of the nwrtiage irdebtednas at ehewrbere herein provided or the abaodomsent o~ the Property. have the right to 0o and retain such rests as they become due and psyabb. Upon aootlarstioa under the other provisions hereof or the abaadoameat of the Property, the Mortgagee shall be entitled to take possession of sad mteaps the Propsrty and to aolkct the y rents of the Property includ~n~ those puc due. All rents oo shall be applied first to the payment of the costs of t of the Property sad colkctiOn Of the Rnti iaciudiag but not limited to attorney's sad real estste broker's fees sad then to the:um «x~ Mortjye. TDe Mortgagee shall be liabk to socouat only for those rents sctually received. 13. In the event suit is instituted to toreclae this mortgage the Mortgagee shall be eatitkd at any time peadiajsuch [oreclasnre to apply to the court having jurisdiction thereof for the appointment of a receiver o the Koperty and cell of the rents, incomes, txoliu. isttses sad raveatses thereof tram whatever wuree derived and the court shall forthwith ceppant such receiver with the usual duties and were of receivers is like uses sad said appoiatmertt shall be made as a matter of strict right to the Mortp~ee and erithout rder~eaoe to the a~uary at the vahte a[ tha Property or the solvency o[ the Mortpgor or say other party to such suit. The 1~lartgagor hereby araives the ' t to object to the appaatmeat of a receiver sad oorneats that such appointment shall be made ss as admitted egwty sad as a matter of a right to the M~tpgee, 14. The abstract(s) of titk covering the Property shall st all times d the term of this mortgage remain in poaessioa of the Mortgagee ~ ~ and is the event of toreclosun or other transfer ottitk to the Property, all n~' t. title and intarat of the Mortgagor m sad to the abstract(s) sbsU y pass to the purchaser or grants. 1 S. It say insWlmeat of principal sad interest is not paid to the Mortgagee within fifteen (1 A days after the same becomes dne and payable or J each and every of the Mortga~s promaes sad ooven:nu set ~orthm this nartpge and/or the Note are not fidty sad prom performed, complied with and a by, the eatin sum of principal sad interest secnred by this shsU at the optima of the M pirtgs~e become due and payable is full at once a: i[origiaally stipulated to be so paid at sack time anything is this mortgage or Note to the contrary. 16. If the ownership of _tbe Property of any part thereof becomes vented is a person other than the Mortgagor. the Mortgagee may. without notice to the Mortgagor, deal with such successor(s) is interest with rdereaoe to thu mortgage and the Note is the tame manner as with the Mortgagor, without rn any way discharging the Mortgagors liability hereunder or upon any debt hereby secured. No sale ottbe Property and ao forbearance on the part of the Mortgagee or exteauoa for the payment of the debt hereby secured shall operate to release. discharge, modify, change or affect the ongural liability of the Mortgagor either in whole or is part. 17. The terms "Mort$agor" sad "Mort$agx"wherever used in this instrument shall include the heirs, personal representatives. snooeasors and assigns of the respective parties; the singular number hall include the plural, the plural shall include the singular and the use of any gender shall include all genders. ig. Name(s) of Mortgagor{:): Bert Neilly and Rita Mae Neilly, his wife l4. County in Florida wherein Property k situate sad description thereof: ST . LUC IE COUNTY Lot 8 of Block D of Alamanda Vista Subdivision as plat thereof on file. on Plat Book 5 at page 49 of the public records of St. Lucie County, Florida. 20. Rank or priority of this mortgage: Second Mortage - 1980 JUU 24 PEi 2~ 37 21. original amount of Note: 6~~. oo - - • Ma$turitfy ore: _ ; ~1' - _ - ' ~ - s~E~RCC R/1SA. November 15 , 1985 - _ _ _ ~ scat cutcwt tmtl~et 22. Date Mortgage sad Note executed: _ _ _ _ _ _ ' s ~ . ~ ~ j ~ June 14, 1980 i 490'711 { I - t Wit I (SEAL) Bert Neilly, Mortgagor ~ (SEAL) (SEAL) STATE OF FLORIDA ) . es. Rita Mae Neilly, Mora r couNTY of S t . Lucie) _ • .f 13etore mt ' . i personally appeared the individual(s) above described as the Mortgagor who executed the foregoi+ilg~ _ tome, and who acknowledged before me that 6e (she, tbry) executed the same for the purposes tbereia taatpreseed: ~ 1 have set my bard and official seal is said County and State the date upon which the mortgage was ezecate~ ~ = • ` _ ~ S+_i ~ t~~y . ~ 3' ~ e N - ti My `°°°`~~,1983. • • Boo P~u6E1~ . r".~ L`';,, i - -a- h~+ - ct--: _.~.a