HomeMy WebLinkAbout0998 uoc. sd.u~ #~-79,878-5 '
Int. 48.00
12. Tj~e Mo
gag$or has under~~ proWsions of this Mortgaje and doa hereby aasign to the Mortjsga the rrnts of the PropMy.
provided that the Mongagor shsll, prio~ to the acceleration of the mortgs~e indebtodneas as elsewhere herdn p~ovided or the abandonment
of the Propeny~ have the ri~ht to rnllect and retdn such rents as they beoome due and payable. Upon accdeseuion under the other p~ovislons
hereof or the abandonment ot the Property, the Mortgagte shall be mtitled to take possession of ~nd mansge the Prope~ty and to oolloct the
rents of the Propeny Including those past due. All ~tnts copected shall be applied tirat to the payment ot the coats ot mana~emeat of the
Property and collection of the rents including but not limited to attorney's en~ rea! estate broker's ftes and thrn to the sum sccurod by this
Mortgage. The Mortgaga shall be llable to account only for those rents actually received. ;
13. ln the event sult is instituttd to foreclose this mongage the Mortgaga shdi be rntitted at any time pending such foralosure to appiy
to the court having jurisdiction thereof for the appolniment of a receivtr of the property and all of the rents~ incoma. profits, issues and
revenues thereof trom whatever source derived and the court shall forthwith appoint such receive~ with the usual dutia and powers af
recetvers in like cas~s and sald appointmrnt shall be made as a matter o! strict right to the Mortgaga and without reference to the adequacy
of the value of the Propeny or•the solvency of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the right to object
to the appointment of a receiver and conxnts that such appolntment shall be made as an admitted equity and as a matter of absolute right to
the Mortgaga.
14. The abstract(s) of tiile covering the Property shall at all times during the te~m of this mortgage remain in possession o[ the Mortgaga
and in the event of foreclosure or other transfer of title to the Property. all right title and interest of the Mortgagor in and to the abstract(s)
shall pass to the purchaser or grantee.
1S. If any installment of principal and interat is not paid to the Mortgaga within fiReen (IS) days aRer the same becomes due and
payabte or if each and every of the Mongagor's promises and rnvenants set forth in this mortgage and/or the Note aze not fully and promptly
performed, complied with and abided by. the entire sum of principal and interest secured by this mortgage shall at the option of the
Mortgagee become due and payable in full at once as if originaily stipulated to be paid at such time notwithstanding anything in this mortgage
or Note to the contrary.
l6. If the ownership of the Property or any part thereoi becomes vestecl in a person otaer inan cne i~iorigagui. 'ti~c iviuit~8~cz ~i~aj,
without notice to the Mortgagor, deal with such successor(s) in interat with reFerence to this mortgage and the ivote in the sam~ manner us ~
with the Mortgagor. without in any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the
Property and no forbeazance on the part of the hiortgaga or extension for the payment of the debt hereby secured sfiall operate to release,
discharge. modify. change or affect the original liability of tho Mortgagor either in whole or in part.
17. The terms "Mortgagor" and "Mortgagce" wherever used in this instrument shall include the heirs, personal repraentatives.
and assigns of the respective parties; the singular number shall include the plural. the plural shall include the singulaz and the use of any
gtnder shall include all genders.
18. Name(s) of Mortgagor(s):
M`~ FTLE tJEL~ uP~! . Ah1 ~JNPSAF:F: I EI) !~JOMAhl , EtE I NG THE 4-1I D~41 OF EDWARD NELSON
~~Q~~A '
Received s~=.- paymen OF Taxes
i9. County in Florida wherein Property is situate and description thereof: Due On Class "C" intnng~ble Pcrsona) Properly,
~ T. LUC I E Purs:~ant To Chapter 71, 134, Acls O( 1971.
l_QT~ BLQC~~= 3~=~~f DOUGlAS D~XON. ~2
i='OFiT ST . LiJr~ I E. SECT I Qh! T4JC1 C!crk Circu~! Court, 51, luC~e, Co., fla.
AGCQF:D I fJG TG THE F'L. AT THE"REC?F Ft~ f~F_CORDE U I N
PLAT/E~G~~J~~: 1? F'~6E 12
20. Rank or priority of this mortgage:
F I RST 8~ 192~f
21. Original amount of Note:
24.i~i~i~.t~i~
'87 I1AR 10 A11 :59
22. Date Mortgage and Note executed:
FEE~F~UAF.Y 2~
~ , 1987 F ~ : .
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(SEAL)
STATE OF FLORIDA )
~COUNTY OF ST . LUCIE ~
Before me personally appeared the individual(s) above described as the Mortgagor who ezecuted t regoing Mortgage. well known to me.
and who acknowledged before me that he (she, they) eaecuted the same for the purposes therein xp . IN W.~,TNFSS WHEREOF I have
set my hand and official seal in said County and State the date upon which the mortgage w ecuted,•;,'~ °=f' EI.
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