HomeMy WebLinkAbout0945 ' ~5-74,446-6
12. The Mortgagor has under the otha provisions of this MoR~a~e xnd docs hereby assign to the Mortga~ee the renis of th~ Property. t
provided that the Monga~or shaU, prior to the acceleratioa of the mort~age indebtednaa aa elsewhete herein provided or the abaadonment j
of the Property, have the right to oopect attd retain such rents as they become due and payable. Upon accelaatioa uader the other provisions ~
hereof or the abandonment of the Property. the Mortga~a shall be entitkd to cake possessioa of and mana~e the Property aad to ooUect the
rents of the Prop~rty including those put due. All rents oollected shall be applied first to the payment of the ooats of maaagement of the ~
Property and coilection of the rents includin~ but aot limited to attorney's and real estate broker's fees and then to the sum secured by this
Mortgage. The Mort~a shall be lisble to aooount oaly for those re~ts actwlly rxeived. ~
13. In the event suit is inuituted to foreclose this mon~e the Mortja~a stwll be eatid~d u any time pendin~ such forcelosure to apply ; i
co the oourt h~ving jurisdiction thueof for t!x appointment of a receiver of the property and all of the reats. incoma~ profits, issues and ; ~
rr.venua thereof from whuever aoura derived and the oourt shAll forthwith appoint such receiva vrith the usual dutia and pow~rs of
r~eiven in like casa u~d said appointmmt ahall be made aa a muta of strict ri~dt to the MortaaQee aad without referrna to the adeq~;acy
of the value of the Property or the solvency of tbe Mort~or or aay other pvty to suc6 suit. The Mort~agor haeby waiva the ri~ht to object : ~
to the appointmmt of a recYiver aad con~sea~ thu such appotatmeat shall be made u an admitted equity and u a muter of absolute right to
the Mort~sga. '
14. ThE at~stract(s) of title oovering the Propaty shdl at all times during the term of this mo~tgage ranain in possession of the Mortgaga ~
and ia tha event of forecloswe or other transfer of title to the Property~ all ri~ht tide and interest of the Mort~agor in and to the aburact(s)
shall pa~s to the purchaser or ~ranta.
IS. If aay in.~allma~t of principal and intaest is aot paid to the Mort~a within fiit~ea U~ da}~ after the same beooma due and
payable or if esch and every of the Mortgagor's promisa and covenaata set forth in this mort~age and/or the Note are not fully aod promptly E;
performed, complied with and abidod by. the entire sum of principal and interat secured by this mort~age shall u tho option of the
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a id at such time notwithuanding anythinB in this mongage , i
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or Note to the oontruy.
16. If the ownership of the Property or any part thereof bxomes vested in a person otha than the Mortgagor, the Mort~agee may. ~ j
without notice to the Mortgagor, deal with such successor(s) in interest with reference to ttus mortga~e and the Note ia the same manner as ~ i
wich the Mortgagor, vrithout in wy way dischuging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the 3;
Propaty and no forbarancx on the put of the Mortga~a or extaGCion for the payment of the debt hereby secwed shall operate to rdeau. ~
discharge, modify. change or a.`fcct the original Gability of the Mort~agor titha in whok or in put.
17. The terms "Mort~agor" and "Mongaga" wherover uscd in chis instrument shall include the heirs. personal representatives, ;
and assigns of the nspective partia; the singular number shall inciude the plural, the plura! shall include the singular and the use of any
gender shall include all genders. ~
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~ 18. Namds) of Mortgagor(s): ~
~lA~lCY ALLE~1, AN UN~fAftkIEU WO~iA~!
19. County in Florida wherein Property is situate and description thereof: ST. LUCIE
LOTS 22,23,AND 24, IN THE MEYERHOFF'S RESUBDIVISION OF BLOCK 96 OF
GARDEN CITY FARMS, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT
BOOK 8, PAGE 10, OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA
~'D
R~csivsd s • ~ In Prymert~Ot Tsxls
20. Rank or priority of this mor.gage: Dua On C Lss 1n p~.~
SECUNU o~al Fropilrty,
21. Original amount of Note: Pu~su~n; 7o Gh:;;. ,r i, Acts Ot 1413.
$ 2~~50.00 ~~_fR i'~ITftAS~~
C~erk Circuit Cpurt, SC 4uCie. CO,, f1~.
22. Date Mongage.~~„~V-qt ~3~ 1986
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- ~ ~~~-~X ~~I (SEAL)
~ i~A~l~Y AI.LEtJ , MORTGAGOR
(SEAL)
~ ' STATE OF FLORIDA ) - , ' ~
~ COUNTY OF ST . LUCIE ) ss: _ _ _ ~
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Beforc me personally appeared the individuai{s) above dacribed as the Mortgagor who ezecuted the fptogb[aglWoitgage; ~+?;atii~town to me,
and who acknowledged before me that he (she, they) executed the same for the purposes.therein exp:~ed: ~M:VI~E;['I~i~~iV~~'1113~~OF I have '
set my hand and official seal in said County and Siate the date upon which the mortga~e wat ex~p4t~ ~~,:`J ~ ~
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~ ~ nR Notary Public.~ r~l~~~~~'L . -
BOOK ~~1 PkGE e7
My commission expires: 9-15- 8 8
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