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Home My WebLink About1162 .. ~ 5-53,933-8 I Z. The Mortpgor bas under the other provisions of this Moctgys and does hereby aaiga to the Mortgagee the reau of the Property provided that the Mortpsor shall, pprior to the aocekatton of the mortZape indebtedness as ebewbere herein provided or the abandonment o~ the Property. have the ngbt to colloct and retain such renu u they become due and payable. Upon acoekratioa under the other provision hereof or the abandonment of the Property. the MortdaRoe shall be entitled to tike poasasioa of and manase the Property sad to colka the reau of the Propertyindudiat1~jtboae past due. AA Menueollected shall be applied first to the payment of the cola of meat ottbe Property sad cOlkCtloa 0< the Kati iacludlag but not limited to attorney's sad teal elute broker's tea lad then to the sum s~~ by this Mort,Ba~. The Mortgagee shall be liable to account only for those renu aauaUy rooeived. 13. la the event suit a iastitutod to foreclose this mortgage the Mortgagee sbap M entitled at any time pending such toreclwure to apply to the court having jurisdiction thereof for the appointment of a receiver ooff the property sad all of the rents, Tacoma. profiu. issue sad revenue thereof tram whatever sours derived sad the court shall forthwith ceppotat such receiver with the usual duties sad power of rooeiven iu Glee cases sad said appointment dull be made as a matter of strict right to the Mortpeee sad without reference to the adequary of the value of the Property or the solvenry of the Mortgagor or any other party to such suit. The 1~!ortp;or hereby waives the risbt to ob~xt to the appo~atmeat of a reeetver and coaseau that such appointaxot shall be mtde as an adatitted equity sad u. a matter of a tilt rgbt to the Mart`aSee, 14. The abstract(s) of title covering the Property shall at all lima during the term of this mortppe amain in poaasion of the Mortgagee and is the event of toreclaure or other transfer ottitk to the Property, aU right, title sad interest of the Mortp jor m sad to the apstraq(s) shall pass to the purchaser or grantee. 1 S. If nay ias<aUment of principal and interest is not paid to ebe Mo within fiRaa (1 ~ days after the same becomes due sad payable or J each sad every o[ the Mortp~ors promises sad eoveatau net fo in this nwrt~a~e and/or the Note are not fully and promptly ppeerformed. complied with sad abided by. the cotta:um o[ principal sad intenat secured by flat mo shall at the option of the Mori ja~ee boconx due and payable is tuA at once ss iloripaally stipulated to be so paid at such time aotwitlut~ aayt6iaS in this mortp;e or Note to the contrary. 16. if the ownership of the Property or any part thereof becomes vested is a person other than the Mortgagor. the Mort ja8ee may. without notice to the Mortgagor. deal with such :uooasor(s) is interest with reference to this mortp~e sad the Note is the same meaner as with the Mortgagor. without in any way discharging the Mortgagor's Lability hereunder or upon nay debt hereby secured. No sale of the Property and ao torbearaaot on the part of the Mortgagee or eaterwon for the payment of the debt hereby secured shall operate to release, discharge. modify change or aRoa the onpaal IiabiGty of the Mortgagor ether is whole or in part. 17. The terms "Mortgggor" sad "Mortgage " wherever wed in this imtrument shall include the heirs. personal representatives. suooesson and assigns of the respective parties: the u'ap`br number shall iadude the plural, the plural shall include the singular and the use of nay gender shall include all geaden. 18. Name(s) of Mortgagor(s): ANDREW C. SUMMERLIN and DEBRA K. SUMMERLIN, his wife 19. County in Florida whercia Property is situate sad daeription thereof ST. LUCIE COUNTY Lot 28, Block 52, INDIAN RIVER ESTATES, UNIT SEVEN, according to the plat thereof as recorded in Plat Book 10, page 75 of the Public Records of St. Lucie County, Florida 20. Rank or priority of this mortgage: SECOND MORTGAGE 21. Origind amount o[ Note: $2,125.00 Maturity of Note: April 15, 1985 22. Dau Mortgage and Nou e:auted: December 1, 1980 1980 DEC -8 A!t ~ 49 St L t ppF~CfA~F A RO~~POIT~T CLE1tK CIIIClgT ~(~~503 .. - - - , Before me persoaa0y appeared the individual(s) above described as the Mortgagor who e:ecwed the foregoing Mortgage..Xp{! sad who acknowledged before ax that be (abe,they) euecuted the same for the purposes therein a:pressed. IN WITH set my band sad otl'iaal sal in said County and State the dau npoo which the morysge was eiecuted. ~ :'~•"' r~`r .~- ::: s = ;, ~~~ tnG, =; _.~ ~. `` '~ . T~~ s:.;, a M f~' ow' ,L` ~ ~. i •~ N Pu ~ :;;r:= ~~' My oomm~gp;pitta:. ;lane 30 1983 : ~'• •••:••~ ' ~Q~`. ~ :~° ~. ~~~I (SEAL) ANDREW C. SUMMERLIN, Mortgagor (SEAL) 1~~ ~ g_~.SL,1,~W~ ~1.. (SEAL) DEBRA K. SUMMERLIN, Mortgagor COUNTY OFY $t . ^Litcid"~