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HomeMy WebLinkAbout1160_ ~ ~ 5t-~a117.3 •, , ~_ , ,. .. / .~ ; 2 i. 3 ~:~ ~ 5-53,922-1 11. Tht Mortgagor has under the other provtsions of this Mortgage and does hereby assign to the Mortgagee the rents of the Property. provtded that the Mortgagor shall, prior to the accskration of the mortgage tndebtedness as elsewhere herein provtded or the abandonment of the Property, have the nght to collect and retain such rents as they become due and payable. Upon aoakatioa under the other provisions hereof or the abandonment of the Property, the Mortgagee shall be entitled to take possession of and manage the Property and to collect the rents of the Property including those put due. All rents collected shall be applied first to the payment otthe costs of management of the Property a nd collection of the rents including but not limited to attorney's and real estate broker's fees and then to the sum secured by this Mortgage. The Mortgagee shall be liable to account only for those rents actually received. 12. In the event suit is instituted to foreclose this mortgage the Mortgagee shall be entitled at any time pending such foreclosure to apply to the court having jurisdiction thtreof for the appointment of a receiver of the property and all of the rents, incomes. profits. issues and revenues thereof from whatever source derived and the court shall forthwith appoint such receiver with the usual duties and ppoower o[ receivers in like cases and said appointment shall be trade as a matter o[ strict right to the. Mortgagee and without refereaoe to the atfequary of the value of the Property or the solvency of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the right to object to the appointment of a receiver and consents that such appointment shall be made as an admitted egtuty and as a matter of absolute nght to the Mortgagee. 13. The abstract(s) o[ title covering the Property shall at all times during the term of this mortgage remain in possession of the Mortgagee and in the event of foreclosure or other transfer of title to the Property, all right, title and interest of the Mortgagor to and to the abstract(s) shall pass to the punhaser or grantee. 14. If any installment of principal and interest is not paid to the Mortgagee within fJteen (1 S) days after the same becomesdue and payable or if each and every of the Mortgagor's premises and covenants set forth in this mortgage and/or the Note arc not fully and promptly performed, complied with and abided by, the entire sum of principal and interest secured by this mortgage shall at the option of the Mortgagee become due and payable in cull at onor as if originally stipulated to be so paid at such time notwithstanding anything in this mortgage or Note to the contrary. 1 S. 1f the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor(s) to interest with reference to this mortgage and the Note in the same manner as with the ~t ortgagor, without in any way d ischarging the M ortgagor s liability hereunder or upon any debt hereby secured. No sale of the Property and no forbearance on the part o(the Mortgagee or exteruton for the payment of the debt hereby secured shall operate to release, discharge, modify, change or affect the original liability of the Mortgagor either in whole or in part. 16. The terms "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective parties; the singular number shall include the plural. the plural shall include the singtlar sad the rue of any gender shall include all genders. 17. This mortgage shall secure not only the existing indebtedness but also such future advances which the Mortgagee at its option may grant upon the request of the Mortgagor as tray be made wtthin twenty (20) years to the date hereof to the same extent as if such future advanoes were made on the date of execution of this mortgage and although there may not be any indebtedress outstanding at the time any advance is so made. It is intended that the lien of this mortgage shall be valid as to all such indebtednesses and future advancers from the time this mortgage is recorded in the public records. The total amount of indebtedness that may be secured by this mortgage ma)r decrease or increase from time to r ~ me provided howzver that the total unpaid balance secured at any one time shall not exceed a tnaxrmum pnnctpal amount egttal to three times t he ongrnal amount of the original indebtedness secured hereby plus interest and any disbursements made by the M ortgagee for the payment of taxes, levies or insurance on the property, together with interest thereon, plus reasonable attorney's fee and court rnsts incurred in the collection of any or all of said sums of money. To the extent that this mortgage may secure more than one note a default in the payment of one note shall constitute a default in the payment of all other notes. 18. Name(s) of Mortgagor(s): GEORGE SALEEBY, JR., and MAE SALEEBY, his wife 19. County in Florida wherein Property is situate and description thereof: ST. LUCIE Lot 1, Less the South 12 feet, and the East 10 feet of Lot 2, Less the South 12 feet, of Block "I", of MARAVILLA ESTATES, according to the Plat thereof recorded in Plat Book 8, page 77 of the Public Records of St. Lucie County, Florida 20. Rank or priority of this mortgage: FIRST MORTGAGE 19$Q (~~ -8 w1 ~ 49 21. Original amount of Note: $14,125.00 StLra ion Maturity of :Vote: ROGER p01TRA5 December 15, 1987 ~ aEfnc clttourr cauR 22. Date Mortgage and Note executed: ~~;.~, ~'f Fit~f~l+ __ ----- - 1 December 2, 1980 ,~~ a7t..~.-JJL~ tiTATE OF FLORIDA ~~ c OUNTY OF ss St. Luci~- '~ ,,. ,, lieforc me personally appeared the indi~~dual(s) above described as the M gar ~~ t and who acknowledged before me that he (she, they) executed the same forR = set my hand and official seal in said County and State the date upon w thestn~ ! ` ; N~+X' ~'~~~~~ t ~+ . ~. ~. My commission expires: June ~ ~0, '~ ~ ~ ,, ' ..t . M~ ~ P3Gf~~ --, --- SALEEBY, (SEAL) .,Mortgagor (SEAL) (SEAL) t ~. , Mortga or j clod toe foregoing M gage, well known to me, t~tllxpresxd. IN WITNESS WHEREOF I have atiegttc»ted. L ~ :ia* ~ ' ~r~ j ry bl a of Fl _ ~' ~~" ~ r . -~~ f~- _