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HomeMy WebLinkAbout2162 - - 5-52,508-9 o r 12. The Mortpga bas atnis~ rile btlier provisions of this Mortpge and don btmby assign to the Mortgagee the reau of the Property providcd that the Moctpgor shall, prior to the aooekratioa of tbs mortgage indebtedness a e4ewbets herein provided or the abandoatueat o~ the Property. have the right to collect and retain such reau as they become due scd payable. U n aeeekratioe under the other provisions hereof or the abandonment of the Property. the Mortgs~ee shall be entitled to tats possession o~aad manage the Property and to collect the reau of the Property including those past due. All renu collected shall bs applied ftnt to tbs payment of the coats of mantgemsat of the Property and collection of the reau including but not limited to attorney's and cal estate broker's fees sad then to the sum ae~ured by thin Mortgage. TM Mortgagee shalt be liable to account only for those rears actually received. 13. Ia the sveat suit is itW ituted to foreclose this mortgage the Mo shall be entitled at any time pending such foralosura to apply to the court having jurisdiction thereof for the appointment o[ a receiver o the property and all of the rents, incomes. profits. issues and reveaua thsreof_fwm whatever source derived and the court sbaA forthwith appoint such receiver with the usual duties sad power of reoeivep is like ~ cases sad said appointment shall be made u a matter of strict tight to tbs Mortpaea sad without retsrenoa to the adequacy of the value of the Property or the solvency oI the Mortgagor or any other party to such suit. The Flortgagor hereby waives the tight to obi of ~appoiatmeat of a reatver sad twraeau that such appaatmeat shall be made as as adautted equity sad as a matter of absolute Mortpges. Id. The abstract(s) of tick eoveriag the Property shall at all times d the term of this mortgage remain is possarioa of the Mottpgee and is the event of foreclosure or other transfer of tick to the Property, all ri t, tick and interest of ebe Mortpgor m and to the abstract(s) shall pan to the purchaser or grants. - ~ 1 S. If any installment of principal and interest is not paid to the Mortpgee within fifteen (I S) days after the same becomes due sad payable or J each sad every of the Mortpgor's promises sad coveasau set forth in this mortgage sad/or the Note are not fully and p[o performed, oompiied with sad abided by, the entire roan of principal sad interest sauced by this mo shall at the option of the M rirtp~ become due and payable is [ull at once a: if originally stipulated to be w paid at such time aotwi tag anything is this mortgage or Note to the contrary. 16: It the ownership of the Property or any part thereof becomes vested is a person other than the Mortgagor. the Mortgagee may. without notice to the Mortgagor. deal with such suoxssor(s) is interest with reference to thu mortgage sad the Note in the same meaner as with the Mortgagor, without in any way discharging the Mortgagors liability hereunder or upon any debt hereby sauced. No sale of the Property and ao forbearance on the part of the Mortpgoe or extension for the payment of the debt hereby secured shall operau to release. discharge, modJy, chtnge or attar the original liability of the Mortgagor either in whole or is part. I7. The terms "Mortgagor" and "Mortgagee" wherever used is thin instrument shall include the heirs, pcrsoasl reprtsteatatives, suoxsson and assigns o[ the rsspattve parties; the singular number shall include the plural. the plural :bell include the singular sad the use of any gender shag include all genders. I8. Name(s) of Mortgagor(s): CHARLES E. RALSTON and ANNE. B. RALSTON, his wife 19. County in Florida wherein Property is situate and description thereof: ST . LUC IE COUNTY Lot 7,. Block 14, FORT PIERCE BFACH SUBDIVISION, as per revised plat thereof on file in Plat Book 8, Page 29, of the Public Records of St. Lucie Copnty, Florida. - 20. Rsak or priority of this mortgage: . SECOND MORTGAGE zt. original amount of Note: 19~ .NL 29 Pll ~ ! 3 $4,150.00 Maturity o[ Note:_ - ~NQ RE-D ' September 15 , 1985 CD~ g' S P. RAS 22. Date Mortgage end Note elteciited: ft.El1K gRgIIT Ca11RT ~ July 23 , 1980 nluao v~tnr~e ~ ~ 4943`7'7 F _ s wi ~ . ES E. RALSTON, Mortgagor(S ) (sEAL) , a STATE OF FLORIDA ) _ / (SEAL couNTY of St. Lucie _ ortgagor l3dore me personally appeared the individual(s) shove described as the Mortgagor who exec~t~d the j~tegoiag Mortgage, will known to me, sad who acknowledged before me that be (she. they) esecuted the same for the purpo~t . ,~Il'~ WITNESS W HEREOF I have net my head sad official seal is said Connty sad State the date upon which the"aD~wsa~~~..-- - • - - i , f , ,~It?earXd~Tif, Stn ~ Junes 30, 1983 l'~-,~ ~ p~ ~K ss~~ 1 PsGE~.,i~ - ?t..