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Home My WebLink About1179 ,t r. , !A'~~ 5-53,322-4 !2. The Mortpsor bas under the other provi:ioas of this Mortppe and does hereby saipt to the Mortpapee the reuu of the Property provided that the ot'tgagor shall. prior to the aoxkratioa o! the mortgage indebtedness u elsewhere ber+eia provided a the absadoament o~ the Property. have the right to collect and reuin such rcnu u they become due and payable. Upon aooekratioa under the other provi:ioas hereof or the abaadoameat o[ the Property, the MoM;ppee shall be entitled to take poaeuioa of and maaspe the Property sad to collect the rcau o[ the Property iacludiaa~g those past due. AU reau collect shall be applied lust to the payment of the cops of meat of the Property and oolkaioa of the rents including but not limited to attorney's and real estate broker's fees and then to the sum «xured eby this Mortia~e. The Mortgagee shall be liable to aooouat only for those renu actually received. l3. lathe event:uit is ia:tituted to foreclose this mortgage the Mortp~ee sbW be entitled at any time pending such toceelosure to apply to the COUrt having juridlcti0a thereof for the appointment Of a receiver ofthe property and all of the reau. income. txoCits. iswea sad r~ereaues thereof from whatever source derived sad the court sbW forthwith appeal such ceeeiver with the usual duties sad p oI reoeiven is like cue sad said appointment shall be made u a matter of strict right to the MortpRee sad without reterenoe to the adegw~cy of the value atthe Property or the solvency of the Mortgagor or say other party to such suit. The 1~Iortpaor hereby waives the ritbt to object to the appoiatmeat of a receiver and coaseau that such appointment shall be made u as admitted egwty sad as a matter of a me right to the Mortjapee. lt. The abstract(:) of title covering the Property shall st aq times during the term of this mortgage remain is poaeatioa of the Moryagee sad is the event o(toreclosurc or other transfer of title to the Property, all right, title and inures of the Mortpgor m sad to the abstract(s) shall eau to the purchaser or grantee. 1 S. if any iasWlment of principal sad iaurcst is not paid to the Mort~a~ee within fdtan (1 S) days sfter the same becomes due and payable or J each srd every of the Mortp~or's promises and eoveaanu set forthtn this rtp~e sad/or the Note ars not filly and p~ompty performed, complied with sad abided by. the entire sum o[ priaapal sad interest socured~ by this ~rtp~e shall at the option of the Matp~ee become due and payable is fuA at once u itorigiaaily stipulated to be so paid at such time aotwitlh~~aodto~ snythitts in this mortytae or Note to the coatruy. • 16. U the ownership of the Property or say part thereof becomes vested is a person other than the Mortgagor, the Mortpgee may. without notice to the Mortgagor, deal with: suoaessor(s) in interest with reference to thu mortp~e sad the Note is the same msaner u with the Mortgagor, without ra any way discharging the Mortgaagor(s IiabiGty hereunder or upon say debt hereby secured. No sale of the Property sad ao forbearance on the part of the Mortgagee or extension for the payment of the debt hereby secueed shall operate to release, discharge, modify, change or atfect the original liability of the Mortgagor either in whole or in part. 17. The terms "Mortgagor" sad "Mortgagee" wherever used in this imttument shall iadude the heirs, personal representatives, strooesson and assigns of the respective parties; the singulu number shall iadude the plural, the plnral shall include the singular sad the we of say gender shall include all gender:. I8. Name(:) of Mortgagor(s): WILLIAM HARRY ALBRITTON and LYDIA W. AL$RITTON, his wife 19. County is Florida wherein Property is sitrrau sad description thereof ST. LUCIE COUNTY Lot 12 of Block 2 of SABAL PALM SUBDIVISION, as per plat thereof on file in Plat Book 10, at page 16 of the public records of St. Lucie Countq, Florida. 20. Rank or priority of this mortgage: ~9BO O`T -8 p~. 12= S FIRST MORTGAGE - 21. Original amount of Note: iatEC ~Hi c: CuK~:t C $9,325.00 sl.~uci~ cc~KiY f~.~. ROGER POi TRAS Maturity of Note: CLERK CIRCUS: CCtN2i~ August 15, 1987 R: CPR^ V: ^z~•`r _ - 22 Date Mortgage sad Note executed: i ' October 1, 1980 - 50iZrJ8 1 witnesses ~ sEAL) WILLIAM HARRY ITTON,Mortgager (SEAL) STATE OF FLORIDA ~ SEAL ' ( ) couNTY of S t . Lucie) ' L IA W . A R~.3"1'Q~I~I ~ Mortgagor Before me personally appeared the individual(s) above described u the Mortgagor who e:ecnted thelbKgQ)~Mt1NIrp. well known to me, ~ sad who ackaowlodged before me that be (she. they) executed the same for the purposes therein expressOd.,, WHEREOF I have set my hand sad official sesl in said County and Stau the date upon which the mortgage wu euec~. • - . ~ ~ • r : ~ n~lupa~ ~xputs. r _ ' June 30, 1983 _ ~«~x340 P~E1179