HomeMy WebLinkAbout1014 t~E 5-52.433-0
12. The Mortpgor bas under the other provisions of this Mortpge and does hereby assign to the Mortgagee the renu of the Property.
provided that the Mortpgor shall. prior to the aovekration of the mottpge indebtedness as elsewhere herein provided or the abandoument of
the Property, have the right to collect and retain such rents u they bocotns due and payabk. Upoa aooeknUOa under the other provisions
hereof or the abandonment of the Property. the Moctp~~eeee shall be entitled to take possession of aad ttunage the Property and to coUea the -
rents of the Property including those pmt due. All rents collected shall be applied first to the payment of the cats o[ rnsuagetrtent of the Property
and collection of the rcn4 including but not limited to attorney's and rest estste broker's fees and then to the sum secured by this Morggsge. The ~
Mortpgee shall be liabk to account only for those rent: actually received. ~
13. In the event suit is instituted to forcclae this mortpge the Mortpgoe shall be satitkd at any tithe petdingsttcb foreclaurc to apply to j
the court baying jurisdiction thereof for the appointment of a receiver of the property and all of the rent:, incotttes. profit.. issues atd revenues
thereof from whatever source derived and the court thaU [orthwitb appant such receiver with the usual duties and wets of receivers is like
cases and said appointment shall be made as a matter of strict right to the Mortpppe and witbont reference to the at~uacy of the value o[ the
Property or the solvettry of the Mortpgor or any other psrty to such suit. The Mortpgor hereby waives the ri t to ob~eet to the a ttnent
of a .calve. and cott:ents that such appointment shall be made as an admitted equity and ss a clutter of absolute rrgbt to the Mottppe.
14. The abstrsct(s) of tick covering the Property shall at all times during the term of this mortpge remain in pasessioa of the Mortpgor
and in the event o[ [oreclaurc or other tntuter of tick to the Property. all nght. titk and interest of the M ortpgor m and to the abstract(s) s1uU
pass to the purchaser or grantee.
1 S. If shy installment of principal atd interest is not paid to the Mortgagee within fdteen (1 S) days after the same beeotnes due and payabk
or J each std every of the Mortgagor': promises and covenants set forth to this mortpge stdJor the Note are not fully and promptly
pe.formed. complied with and abided by. the entire sum of principal and interest secured by this mortpge shall at the option of the Mortppe z
become due and payabk in full at once as ttoriginaUy stipulated to be so paid at such time notwitbsta tng anything in thts mortgage or Note to 1
the contrary. i
16. If the ownership of the Property or any part thereof bernmes vested in a person other than the Mortpgor, the Mortgagee may, without
notice to the Mortpgor, deal with such successor(s) to interest with rc[ercna to this mortpge atd the Note to the acne mariner as with the
Mortpgor. without to any way discharging the Mortgagor's liability hereunder or upon any debt hereby secnrod. No sak of the Property and ao
torbeanrta on the part of the Mortpgee or extension for the payment of the debt hereby secured shall operate to rckase, discharge; modJy, +
change or affect the onginal liability of the Mortpgor either to whok or in part.
17. The terms "Mortpgor" and "Mortpgee" wherever used in this iastrurtxnt shall include the heir. personal representatives, suoason
and assigns of the rcspeaive parties: the singular number shall include the plural, the plural shall include the singular and the use of any gender
shay include all genders.
18. Namc(:) of Mortgagor(s):
- David E.Carter and Kathy H.Carter, his wife
19. County in Florida wherein Property is situate and description thettiof: St . Lucie
Lot 12, Block 1, Sunrise Homesites Subdivision, as per Plat
thereof on file in Plat-Book 13, at .Page 14, of the Public
Records of St. Lucie County, Florida.
20. Rank or priority of this mortpgt: ~ 22 ~ 2: 55
Second Mortgage
21. Original amount of Note: , - ~ ; ~ SL tJCkNC Ff ~TY.FIA.
$2,175.UU ` -j - - R~~P~TRAS
Mattinty of Notc: _ ~ •CIERK CIRWR C011RT
February 15, 1986 - ~ ; i-`-;-•_`:~ G L ~ -RECCROVERIFIEO_ }
22. Date Mortpge and Note executed: - ;
.ruly ls, 1980 - _ 493662
- ~
R.arwa • N ~s or Ttttt~s -
• Ihlnuane To CA~/Iw7t, ti~l~ot t!0'i,
- CMiR Crwt ~ ~ ~
witnesses:
(SEAL)
David E. Carter, Mortgagor
v - (SEAL)
(SEAL)
STATE of FLORIDA )u. Kathy Carter, Mortgagor
couNTY of S t . Luc ie) ~ - - r
Before me persoaally appeared the individual(s) above described ss the Mortpgor who executed the foregoing Mortpge, well known to me;
and who acknowledged before me that 6e (she. they) executed the same for thQ tberrin expressed. IN WITNESS WHEREOF I have
set my 6aad and official seal in said County and State the date upon R' eras executed.
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+f - • otary Pablie, Stated 1
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