HomeMy WebLinkAbout0758~.~ s-T ~ a 3 ~~
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5-54,583-0
11_ Tbr ~I~ctaaaor lus under tbe ocber pco~uiom ot this Mort~age aad doa he~e~y assign to the Mortgagee the ronts of the Property.
~~+.sod tdac tlsc ~foctp~or sdall, prior to tb~ mekncioa of the mo~ae indebtedness as elxwhere hercin prov~ded or the aba~do~ment of
c~c Propen~. da.e c~e ngRc co oollect and reu;a suc6 reats u they become due aad payabk. Upon aocekration uader che othe~ provisiona
~ere~a[ .x cbe sQseOonmeat of the PropcrtY. t6e Mortaaaee s6aU be eatitkd to take poasess~on oi aad manage the Property aad to collect the
rr~cs of cic Propcrt~ ~-iudioa chose past due_ All rents coUected sdaU be applied Grst to the paymcnt of the costs of management of the Properiy
ieQ cu8n-cwa uf ~e rrncs ~nctuding but na limited to attoroe~s aad real aute brolcer's fces and then to the sum securcd by this Mortgage. The
V~p~nr shaU Ar 4aDk co a.-rount oal~r for those rencs actuaUy rcceived.
12 la ehe cacat s~ut n u~sutuud eo foceclose this awrtpge tb~ !Nortgagee shall be entitled st any time pendingsuch foreclosure to apply to
e~e.ro~e Aa~usg ~tir~sdictioo [bereof for tbe appointmeat of a recei~~er of tlse Dioperty and aU of the rcnts, incomes, orofits. iuues ar~d revenuea
:~m~( from ~~ateter sou~e deri~sd and the court st~all fanhwith appoint such n~ceiver with the uswl duties andpo vrers of roaivers ia like
ases aad sad ~ppo~tmcas sball se madc as a ma[ur o( strict riaht to tl~e Mongaeee and without rekrenoe to the adeqwry of the value ot the
Propen~ uc c~e whcnc~ ot ehe ~lonpgor or anv otDe~ party eo sucA suit. The Mongagor hereby wai~~es the right to objeet to the ap'ointme~t
~v a rc+aa.er abd comeats e~ae such appaintment shall be made as an admittod equity and ss a matter ot absolute nght to the Mortgagee.
13. T~r ab~tra.-us/ of utk coverina tbe Prope~tY shall at aU tima during the term of this mortgage remain in Qossession of the Morigagee
~d m c~e e.c'e ot ~aeclasure or oeber tnnsle~ ot atk to t!x Property. ail riaht, titk and interest of the Mortgagor m and to the abstract(s) shall
~ to t~c pure~~et ~ araetee.
Ij- tf aez ~mrallmeat of pnenpal and interest is Aa Qaid to t!x Mortgaaee within fdteen (1 S) days atter the same bccomes due and payabk
~c ~f ead aad ever~r ~f ~he Mortp;o~s proatises and coveaants set forth in this mortgage and/or tAe Note are not tully and promptly
:xrf~rmed, comptied.nc~ and abided bv, the eneire s~m of priacipal and iaterest securcd by this mortgage shall at the option of the Mortgagee
^e.omc d~e aad p~~zDk m f utl ac oocc u it originally scipulatod to De w paid at such time notwithstanding anything in th~s mongage or Note to
~e cwtras~. '
f S. tf t~r ~sc~sh~p of elx Propen~ or an~ p~rt thereof becoma vest~d in a person other than the Morigagor. the Mortgagee may. without
- x,.Y co e~c ~turc~ug.x. dca! si~h such succrss~dsl ia intcrest wit6 reiennce to thia mongage and t6e Note in the same manner as v~nth the
~! ~oc, suh.~eu m an~ ~.a~ ducharg~iag che ~longagor s liability hereunder or upon any debt hereby secured. No uk of the Property and no
: x3cuaace un ~he pare of eb~ ~foctdeaer or e~t~asion for tt~e payment of the debt txrcby xrund shall opente to release, discharge. modify,
:E.:nse o~ affect ebe un~nal6aD~tity of t~e Nortgagor eitAer m whok or in part.
IF Ibe c,.•rms'~lurtg,agui and'~tortgagee' wDerever used in this inctrument shall include the heirs, personal rcpresentatives, successors
~~i ass:~at ~( tbc respecti~z pirties; che singuiar number shall includt t!K plural, th~ plura! shall include the singular and the ux of any gender
s_a!E m.-hale atl aendcrs_
I' T~as m~ct~e sball sccure not only the e~ting indebtedness but alw such future advances whic6 the Mottgagee at its option may grant
_~ c~e ~~rest of cbc ~turtpgor u ma} bc made wnthin twenty (20) ycus to thc date hereof to the sam~eatent u ~f such futurc advanoa were
_.s3e oa tbe 3see of ciecution oE tbis moctp~c and ahhoug6 t6ere may aot be aay iadebtedness outstanding at th~ time any advanoe is so made.
i: a~atcade.i cisac cbe liea o[ c~ mo~taaae shall be r•alid u to aU such iudebtodnesses and futurc advances irom the time this mortgage is
-~:~3ed ~a cbe pubtic cec~s_ The caal amouat of indebeedness thae may be secured by this mortgage may decreasb or inerease from time to
::sr pru.~a! L~se~er chae ti~e total unpzid balance xcurod at any oae time shall not exceed a maximum principal amount equal to three times
~~e ur~¢sat amounc of tbe onpaii indebtcduess secvred hereby plus intercst and any d'uburxments made by the M origagee for the payment of
- ~ ~r~ hxs ~:muraa.~e ua ehe pcopcrt~, together writs intercst thercon, plus rcasonabk attorney's fee and court costs incurred in the collection
_-~ ~. uc ait of sa,d ::s~s of m.,aer. To tbe excene chac this mortgaae Qiay secure morc than one note a default in the payment of one note shall
::~snt~tce a~ctauh u~ c~e p`a~ menc ot all ocher noees_
~9 \1~a3! uf ~lortga~oqs):
F.ARRY GECNT and BEVERLY P. GECHT, his wife
4 C:-~r.t: ,a E:.::.ia ~-fc~e~n Propem u situate and descnption thereof: ST. LUCI~
'ot I, Block 694 of PORT ST. LUCIE, SECTION 18, a Subdivision
accordin~ to the Plat thereof, recorded in Plat Book 13, Page 17
~f the Public Records of St. Lucie County. Florida
=~ R.i: i- ar pnon[~ ~f :hu mortgagt.
SECO:iD ~!ORTGAGE
_. C~ :rs~ a~c;:^c ~f ~~cr.
S6,100.00
~~1.iF.'?t~ 3[ ~J~G
Se~te~ber 15, 1984
_ I)3+_c ~t;:::~ta~ .i:..i ~~ue c~e:ucec.
~ebrLar~ i8, I981
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HARRY CHT, rIortgagor
(SEAL)
~T~TE t7F Ft~)RI[~.~ ~ ~ SEAL)
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St . Luc ie~ . ~~t?tY~~ P. GECHT , Mort~agor
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=+c::-: -c ~ersc~~: ~pFrar:d ihe a:xii~-dual~sl above dcscribed as the Moctga~ot,~~p~cuteQ.the foregoing Mortgage, wcll known to me,
:~: ~~:, a:ia.~A:et!~mi before :ne that Ix Ishe, they) eaecuted the same tortbF,p~os~il~r~~i-~,~cpt~ud. IN WITNESS W HEREOF ( have
~-c ~~ isa:sa ~u~d ~ixui sui ~a sa,d Co~sncy and Sutc tbe date upon wrh~h~e ~ettgiae.wasE~eouted.
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~ ry PuDl~c. - orida
~t: _~~:..~:... ~.F~r~ June 30 1933 zt,',•.;, .... ~ ~" ,
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