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HomeMy WebLinkAbout0305 j i• 4 ' 5-52,800-0 12. The Mortpgor has under the other provisioas of this Mortgage tad dot hereby assist to the Mort`agee the teats of the Property provided that the ortpsor shall, pprior to the aocekntion of the mortpse indebtedness a: ebewhet'e herein provided of the abaadoaaxat o~ the Property, have the right to collect tad rcuia:ucb reau u they become due and payable. Upon aooekragoa under the other provisions hereof or the abaadonnxat of the Property, the Mo esaasgta shall be entitled to take possession of tad oaat~e the Property tad to collect tlK i rcnu of the Property iacludi~atss those past due. All rcats~ collected shall be applied first to the payment of the~cosu of maaasemeat of the Property tad collection of the rears including but not Limited to attorney's tad real e:ute broker's fees tad then to the:um secured by this Mortsage. The Mortsasee shall be liable to account only for those mats actually received. 13. lathe event suit a instituted to foreclose this mortpge the Mortgasoe shall be entitled at any time peadias such foreclosure to apply to the court haviag jurisdiction thereof [or the appointment o[ a receiver o the property tad all o! the rcau. income:, profits. issues tad reveauea thercol tram whatever source derived and the court shall forthwith apparit such receiver with the usual duties tad wen of reoeiven is like cases tad said appointment shall be made as a matter of strict risbt to the Mortgagee tad without reference to the a~wcy of the value of the Property.or the sohroary of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the right to ob~xt to the appointment of a reoetver tad coaseats that such appointment shall be made as as admitted equity tad as a matter of a lute rtsht to the ortsasee. I~. Tie atstract(s) of ptie. covenag itie t'roperiy si~atf a[ ili ua~es curing ilie term of iiiis iuo iea-.iiii iii Riau of uia ivioris:~ and is the eveat of foreclosure or other traaafer of title to the Property, all nght, title and interest of the Mortgagor to tad to the abstract(s) shall pass to the purchaser or grantee. 1 S.- If any iastallaueat c+f principal and iMerat is not paid to the Mortgasee within fifteen (I S) days after the same becomes due tad payable or J each tad every of the Mort or's promises and ooveaaats set [orthta this mortgage tad/or the Note are not fully tad promptly performed. complied with tad abid~by, the entire sum of principal tad interest secured by this mortssge shall at the option of the oripsee become due and payable is [uU at once as J originally stipulated to be so paid at such time notwith:taadiag anything in this mortgase or Note to the coatnry. 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 successor(s) in iatercat with reference to this mortgage and the Note to the same maarter as with the Mortgagor, without m any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the Property and no forbearartoe on the part of the Mortgagee or extension for the payment of the debt hereby secured shall operate to release, discharge. modify, change or affect the ongiaal IiabiGty of the Mortgagor either in whole or in part. 17. The terms "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the hcin, personal rcpreseautives, suooesson and assigns of the respective parties; the singular number shall include the plural. the plural shall include the singular and the use of any gender shall include all genders. 18. Name(s) of Mortgagor(s): JOHN McMILLON apd JULIA McMILLON, his wife 19. County in Fbrida wherein Property is situate tad description thereof: St . Lucie Cpunty Lot 8, Block 4, SOUTHERN PINES SUBDIVISION, as per plat thereof recorded in plat book 9 page 68 of the public records of St. Lucie County, Florida 20. Rank or priority of this mortgage: FIRST MORTGAGE 2 ~ ~ 21. Original amount of Note: $10, 650.00 FILEO RNO F:Ct1kOf D Matarity of Note: S ROGER POITRASA• November 15 1987 CLERK CIRCUIT CW. t P ( _ 22. Date Mortgage and Note executed• R~CO~~' ~ c "n~i'r~ a.__ . _ _ ~ August 14, 1980 I 496941- 0 4 Wit I ~i1 cs~.t:~ (SEAL) ~ JOHN McMILLON, Mortgagor (SEAL) SEAL) STATE OF FLORIDA ) couNTY of St . Lucie JULIA McMILLON, Mortgagor Betorc me personally appeared the individual(s) above described as the Mortgagor who executed the foregoing Mortgage, well known to me, 3 tad who acknowledged beforeme that he (she. they) executed the same for the purposes ther+eia expressed. IN Wfq~l+>I~~B~~OF I have a set my head and official seal in ssid County tad Sate the date upon which the mortgage was executed. ~ .,..<..s~ Public. Start d My commdafati expires: ~ .June 30, 1983 _ „ _ snrnc ~7 PAGE ~ '