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HomeMy WebLinkAbout2160 5-52,510-5 , I Z. The Mor~or bas under the other provisions o[ this Mortgage gad does hereby assign to the Mortgagee the rents of the Property provided that the Mortgagor shall. poor to the aooekration of the mortgage itdebtodness u ebewhere herein provided or the abandoameat o~ the Property. have the ngbt to collect and retain such rents u they become due gad payabb. Upon aeoekration under the otbar provisions hereof or the abaadoruaeat o(the Property. the Mortpgee shall be entitkd.to take poaesston of and manage the Property and to ooUod the rents of the Property iacludu~g those put due. AU renu co al shall be applied fast to the payment of the costs of~ the M~ ~~The and oolkctioa of the rents including but not limited to attorney's gad real estate brokers fees and rhea to the sum by . ' ortgage. F Mortgagee shall bt liable to account only for those rents actually received. 13. la the eventsuit is instituted to foreclose this mortgage the Mortgagee shall be entitled at any lima pendiagsuch foroclosura to apply to the couK 6aviag jurisdiction thereof for the appointment of a f00a1YW Of the proartr and all of the rents. incomes. profiu. iuua and ravenua thereof from whatever source derived and the court :ball forthwith appoint such ceoeiver wiW the usual duties and p of rooeivan in liloe cases and said appointment shall be made u a matter o[strict right to the Matpgea and without rafereaoa to tba adeq~ of the valve of the Property or the solvency of the Mortgagor or say other party to such suit. The Mortgagor hereby waives the right to ob~xt to the appointmest of a reoaver and consents that such appointment shall be made u an admitted equity and u a matte of absolute rtght to the Martgagea. 14. The abstract(:) of title covering the Property shall at all Haws d the term of this mortgsge remain in possgdoa of the Modgagee and in the event of foreclaurc or other transfer of ptk to the Property. aU n~' t, tick and interest of the Mortgagor m and to the abstraat(i) shW pass to the purchaser:or grantee. - 1 S. It any ieWaUmeat of principal and interest is not paid to the Mortgagee within fdtoea days after the same beoomea due and payable or J each and every of the Mortgagor: promises sad oovenaab set forthw this mortgage and/or the ;dote era not fully and pro performed. complied with and abided by. the entire sum of principal and interest savrcd by this mo shall at the option of the M rirtp~ become due and payable in full at once as d origmaUy stipulated to be so paid at such time notwitlha~aaything in this mortgage or Note to the contrary. . 16. U the ownership of the Property or nay part thereof becomes vested in a person other than the Mortgagor. the Mortgagee may. without notice to the Mortgagor, deal with gush auaxssor(s) in interest with reference to this mortgage and the Note to the same manner u with the Mortgagor, without m any way dischuging the Mortgagors liability hereunder or upon any debt hereby sawed. No:ale of the Property and no forbearance on the part of the Mortgagee or exteuioa for the payment of the debt hereby secured shall operate to rekue, discharge, modify, change or affect the onganal liability of the Mortgagor either in whole or in part. 17. The setae "Mortgagor" and "Mortgagee" wherever used in this iuuument shall include the heirs. personal representatives, suooesson and assigns of the respective parties; the aiagular number shall include the plural, the plural:ball include the singular and the use of nay gender 5 shall include all genders. - !g. Name(s) of Mortgagor(s): JOHN F. DAUGAARD and ROSELAND Y. DAUGAARD, his wife 19. County is Florida wherein Property is sitwte and description thereof: ST . LUC IE COUNTY Lot 1, Block-48, SOUTH PORT ST. LUCIE, UNIT SIX, according to the plat thereof, as recorded in Plat Book 14, pages 14, 14A and 14B; of the Public Records of St. Lucie County, Florida. 20. Rank or priority of this mortgage: Second Mortgage 21. Original amount of Note: ~ Zg $13,150.00 Maturity of Note: F jY~.i p . April 15, 1987 t ?2 Date Mortgage gad Note executed: July 21, 1980 llEcoRO ~rtitll-tEO - i - - ~ f Wi (sEAL) ~ JOHN F. AUGAARD ortgagor EAL) STATE OF FLORIDA )w: ~AL~ ~ = ~ couNTYOF St. Lucien _ ROSELAND Y. DAUGAARD, ortgagor Before me personally appeared the individual(s) above described u the Mortgagor who exaatted the fdt~oing Mortgage. well known to me, and who aeknowkdged before me that be (she. they) executed the acme for the purgost~, "''i~~latpfeged:-IN WI'T'NESS WHEREOF I have set my bud and official seal in :aid County gad State the date upon which tjk~~ ~ . s • ; :i :1..• of Ilarida My ~y.ltit~i 30" 1983 - ~ Lti? X335 P~2~.53 ---,,,,,::,:a„_ ~ . .