The URL can be used to link to this page

Home My WebLink About1148P~~ t' '-~•a~ ' ~- 5-54,458-5 11. The Mongagor has under the othe~ provisions ot thu Moct~a~e aad does beteby auign to the Monga~ee the rcnts of the Property. prov~dcd that the Moh~agor shall, prior to the aoakntion o[ the mort~age indebtodness u elsewhere hereia prov~ded or the abaadoament ot the Propeny, have the nght to eolkct and reuin such «ats u they become due and psyabk. Upon aoakatioa unde~ the othe~ provisioas hercot o~ the abandonment of the Property. the Mortgsgoe shall be entitkd to talce pos~euion o[ and maaage the P~openy and to colloct the renu of thc Property including tlfosepast due. All rents colkcted ahall be spplied first to the payment af the cost: ot mansgement of t6e Property and colkction of the rcnts i~cluding but not Gmitod to attorney's and rcalatate broker's feea and then to the sum xcured by thii Mortgage. The Mortgagee shall be liabk to account only for those rents actually reoeivod. I 2. !n the event suit is instituted to foreclose this mongage the Mortgagee shall be entitlod at any time peudin~:uch tQroclosurc to applyto ~he court having jurixiiction thercof for the appointment ota roaive~ of the propeny and all of the rents, incom~. vroGts, iuua ~nd revenua ~hereof [rom whatever soura derivod and the court sball tortbwith appoint :uch roaive~ with the uswl duties aadpo wen o! reaiven ia Gke case~ and uid appointmeat:hall be msde u a matter of itrict ~bt to the Mortga~ee and without reterena to the adeqwcy ai the value of tbe Propeny or the solvency ot the Mongagor or any other party to such suit. The Mortgagor hereby wsives the right to object to the appintment of a recei~Yr and consenu that such appointment shall be made u an admitted equity and aa a matter of absolute right to the Mortgagoe. ~~• The abstact(s) of titk covrring th~ Propeny shall at all times during the term of this mo~tgage remain i~ ~osseuioa of the Mortgagoe and in the event of foreclosure or other trarufer of titk to the Property, aU right. titk aad interat of the Mon~sgor ~a and to the abstact(:) ahall pass to the purehaser or granta. ~4• If any iniullment of principal and interest is not paid to the Mortgagee withia C(tan (1 S) daya after the same bocoraes due aad payabk or if each and eve ot the Mortga ora Promisa and covenants set forth in thu mortgage and/or t6e Note are not [ully and promptly perfornKd. complied wilh and abided by. the entire sum ot principal and intercst =ocured by th'~a mortgage shall at the optioa of the Mortpgee become due and payabk in full at orke u if originally ttipulatod to be so paid at such time notwithatanding anything in thu mortgage or Note to the contnry. 1 S. If the owncrship of the Property or any part thercof becoma vcsted in a peroon other than the Mortgagor, the Mortgagee may, without noticc to the Mortgagor. deal with such succcuor(s) in interest with rcfercna to this mortgage a~d the Note in the same manner a: with the Mortgagor. without m any way discharging the Mortgagor's liability hereunder or upon anydebt hereby secured. No ale of the Property and no forbearan~x on the part of the Mortgagee or extensioa for the payment of the debt hereby securcd shall operate to rekase. diacharge. modify, change or aRect the onginal lisbility of the Mortgagor either in whok or in part. 16. The terms "Mort~agor" and "Mortgagee" wherever used in this instrument shall include the heirs. penonal rcpraentatives, successon and asaigns of the respecuve parties; the singular number shall include the plural. the plural shall include the singular and the uae of any geader shall include all ge~ders. 17. This mortgage shall secure not only the existing indebtednets but also auch futurc advanoa which the Mortgages at ib option may grant upon the requat of the Mortgagor ss may be made within twenty (20) years to the date hereof to the same extent ss ~f such future advanoa vrere made on the date of execution of this mottgage and althou there may not be any indeMedneas outstaading at the time aay advance u:o made. 1~ is intendod that the lien of this mortgage ahall be vali~as to all auch indebtodncsKS and future advanas from tbe t~me thu mort~age a recorded in the public rocords. The total amount ot indebtednas that may bt socurod by this mortgage ma~ decreaK or increa:e trom time to time provided howeve~ that the total unpaid balanoe securod at any oue time shall not exoeed a maximum pnnc~pal amouateqwl to three tima t he ongmal amount of the original indebtedness aecured heroby p!w interat aad any d'uburaements made by the Mortgaga for the payment of ~axes, levia or insu~ance on the property, togcther with interat thercon. plus reasonabk altorney's ke and court costs incuned in the colloction of any or all of said sums of money. To the extent that this mortgage may secure morc than one note a default in the payment of one note shall constitute a dcfault in the payment of all other notes. 18. Namqs) o! Mortgagor(s): WILLIE C. GREEN, an unmarried man AND ANNIE PEARL BURR, an unmarried woman - !9. County in Florida wherein Property is situate and description thereof: ST. LUCIE All of Lot 10 and the North 15 feet of Lot 9, Block 7, WILBUWE SUBDI~TISION, according to the Plat thereof as recorded in Plat Book 6, page 24 of the Public Records of St. Lucie County, Florida 20. Rank or priority of this mortgage: SECOND MORTGAGE 21. Original amount of I~ote: $1,575.00 Maturity of Note: October 15, 1984 22. Uatc hlortgage and Note exccuted: February 9, 1981 Witnes . ~ ~~ ' ~TATE OF FLORIDA ) t'C)UNTY OF St. Luciq~' BURR~ F3cfore me personally appeared the individual(s) above dcscribed u the Mortgagor who txecutod the forcgoing Morl and who acknowledged before me that he (she, they) eaccuted the saax for the purposa therein esQressed. IN WITN set my hand and otficial seal in said County and State the date upon which tbe mortgage was eaecuted. My commission expira: Jt111@ 30 ~ 1983 1981 f EB I I Al~1 t I~ 33 ~ ~cr ~ :r ~.: cu~rK;- SLt4C~E G~~H ~•~! ~ RGGER NOIiRAS CLERK C~~' :l'iI~.S ~ ~• -~::h : .. . s~ssoo ~ ~ , WI LIE C. GREEN, Mortgagor c at <<Y~~~ {MIC~~ A!l'~( (SEAL) . (SEAL) .~~L~ ,,:•p .L i~~nq~ ~ ...~,. . ,i, , (~~i eo`do~.' ~...._ , . r~~ -~~ j t: . . ~ 3~ . tL't! ;i ~C! ~~'' . y`~!r;: c ~ `~ ~'?~ ,~•`c ~ '• ..:••• • ~e;. r . ~~.tuVf t ~I ~~. ~~~.s:,~~".~~ rt_... .~~. ,. , . .