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HomeMy WebLinkAbout1609~05-54,070-8 1~. The Monp jor hu unde~ tbe other provisiona of thi~ Mortpje aad doa herellp usiaa to the Morttasee tAe renu ot tbe Property, provided that the Mongasor:Aall. pnor to tbe aoakation of tbe raoripje iadebtodneu a; ebewben herein provided or tbe abandoameat ol tbe Pm rt , have the n t to co ne pe Y sh lkct and retaia iuch reau u they becoa~e due aad payabk. Upoa aoalenuoa uade~ tbe other provi~iom bereof or the asandoameat of the Property. tbe Mortg~ee shall be entitlod to take possaiion of and maatse tbe Ptopetty aad to coUoct tbe rents o( tAt Ptopeny iacludint those put due. All reets ooUected shall be applied fint to tbe payment ot the cous otma~a~ea~ent of th~ prOpertyr aad copatioa ot tl~e ronts includint but aot limitod to attorney's aad ral atate brokePs fea and then to the:uia secured by thit Mortp~e. The Mortp~ee shall be liabk to aocaunt oaly Ior thwe reau actuaUy reoeived. 13. la tbe event suit ~ ia:titutod to loreclose this mortpje tAe Mortp~ee shW se eatitled at any time peadinj such [oreclwure to apply to the oourt havins jurisdiction thercof for the appoiatmeat o[ a roaiv~er oi the propertv and all of the rcau, incomes, owfits. iuuq ar-d nvenua thercot from Mhatever soura derived and the court tdall fo~thwith appo~at such roaiver writh the wual dutia and wren ot rsoeiv~en in like eaa and said appoiatmeat ~all be made u a matter of strict rijAt to tbe Mortp~e aad ~vithout re[ereuoe to ebe Pro rt or the solve ~~ ~~~~ °~~ pe y ncy of the Morta,agor or aay other party to iuch suit. Tbe Mong,agor l~eresy ~vaiva the right to object to the appoiutmeat of a ceoeiver aed conseau that sucA appoiatment ~ha0 be made as aa adatitted eqwty and u a a~atter of a~soluu naht to the Mortp~ee. 14. Thc aEstract(:) ot titk coveria~ the Property sbW at aQ tima d tbe term of th~ mortpge «mai~ in pc»seuion of tbe Mo~t`ajee and in the event of foreclosurc or other ta~uter of titk to tbe P~ope~ty. aq ri~ titk and ieterat of the Mortgagor ~n and to tbe abstract(s) sliall pss: to the purchase~ or gaata. 1 S. !t any insuUment ot principal and interat ~ not paid to the Mortp~e ~viUua t~ttan (! S) days after the ame becomp due aad p~yabk or J qcA and every of the Mortaagor': Promius aAd ooveaaatt set [orth 'w this mortpge and/or the Note ue aot [uUy and promptly performod, compGed with and abided by, the eatin:um ot priacipal aad iate~est secured by this mortgaje stuU at t6e optioa of the Mortp~ee become due aad psyabk i~ full at ona u if ori~i~ally stipulated to be:o paid at such time notwrithstaad~n~ uiyt6iag in tlw mort~e or Note to the contrary. l6. If the ownenhip of the Property or any part tlxrco! bocoma vatod in a penon other than the Monaagor. the Mong~soe may. rvithout notice to the Mongagor. deal with such suoassor(s) in i~terat with referena to this mortgage and the Note in the ianK maaner u with t6e Mortaagor. without ~a any way dischargina the Mortgagor's -iability hereuader or upon any debt hercby aecured. No ale of the Propecty and ao torbeuance oa the pan ot the Mongagoe or cxtensioa for tbe pa~rmeat of the debt hercby xcured:baU opente to nlase. disclur~e. modify, change or aftect the onginal liability of the Mortaagor eitbe~ ~n ~rhok or ia part. 1~. The ternu "Mon4agor" and "Mortgagce" wherever usod in tl~ iastrument:hall iaclude the hein, penonal rcpraentatives~ suooawn ~~a ~~ or ~n~ ~~~~ wn;~: the s~ngu~at aumber sball include tbe plural. t6e plural shall include the sir-avlu ud t6e uu of aay ~enda :n.u ~~i~~ .u ~~a~n. 18. Name(s) of Mortgagor(s): ROBERT E.H. CULLINS and LOUISE F. CULLINS, his wife 19. County in Florida rvherein Property is utuau and de~riptioa thereoi ST. LUCIE COUNTY PARCEL "A": Lot 2, in Block l, of SOUTI~RN PINES SUBDIVISION, according to the Plat thereof as recorded in Flat Book 9, at Page 68, of the Public Records of St. Lucie County, Florida. PARCEL "B": The West 110 feet of Che following described tract: Beginning at a point on the West line of the m: Raak or priority of th~ mortgaae: SE 1/4 of the SE 1/4 of Section 4, Township 35 First Mort~age South, Range 40 East, which is 395 feet North 2~. ori~~ amounc o Noce: of the SW corner thereof; thence run East 330 $27,925.00 feet; thence run North 100 feet; thence run Maturity o( Note: May 15, 1987 West 330 feet to the West line of the Said SE 22 Date Mortdaae and Note eaecutod: 1.I~+ of the SE 1/4; thence run South 100 feet to the point of beginning. Said land situate, lying December 16, 1980 and being in St. Lucie County, Florida. PARCEL "C": Beginning at a point on the West line of the SE 1/4 of the SE 1/4 of Section 4, Township 35 South, Range 40 East, which is 395 feet North of the SW corner thereof, thence run North along said West line 100 feet, thence run West to the East right of way line of North 13th Street, thence run South along said East right of way line to a point 395 feet North of the South line of Said Section 4, thence run East to the point of beginning. Said land situate, lying and being in St. Lucie County, Florida 5]_153;~ ~980 OEC Z3 py ~: S3 STATE OF FLORIDA ) ~ L, ~ • cour~ntoF St. Lucie)~'' _ Y,OUISE F. CULLINS, Mortg~gor ~ ~~ ~ FIIEC thC Ff COFip~O Si tUC1E CQ(~rY ftA. ROGER PQ~TRAS CIER~ Ct!~CUIT ~ p- ORT tV n,~r~ :,--- L~~;~ - (SEAL) ROB T E. . ULLINS, Mortgagor •~'` ' ~ - ~ (SEAL) (SEAL) orc me personally aPpearod Ux ~ndrv~dual(s) above dacnbod u tbe Mortpsor w6o esocutod the foresoma M ~~relLYnn~vn to me, and ~rbo uknowledgod betore ~ne that 6e (tbe. tbey) e:ecuted tbe ~ame for the purpons therein exprested. IN~iK ~FAF I h~v~e f0t my billd sOd O~IGiI ~CiI ID Sild COWlhi iAA SfitC ~! dilC NPOp NblCb ~IIC mORja~E N~i lIECY[Cd::`'~'' i;••:••••,;: ;a;~'; .~' ~r . ~ ~ :• y"`. ...r'•'r.~ :~ -- :~,~;~ Y :- ;; ~ ~ . ~= r -4•.•c _ .. - `. _ My oa~irlitiion cxpires: '. a+rY ~ .~~~.• r., - -- ~,_ j~~ -~ June 30, 1983 ~~}~ ~.:;~''•~•~; an~ 345 pac~ 1607 .."". ", ~~ ~ ~ •>1 _ ~,~a~ ~.