HomeMy WebLinkAbout0999 ' S-81 , 348-5 :'1 ~1' T ~
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12. 'Che Mortgagor has under !he other provisi~ns of thit Mortgage w~d does hereby auign to the Mortgaga the rents of the P~operty~ ~
pro~rided trat the Mortgagor shall~ prior to the acceleration af the martgage Indebtedness as elsewhero herein providcd or the abandonment
ot tht Rroperty, have the right to coUtct and retaln such rents as they baome due and payable. Upon acceleration under the other provisions
herto~ or the abandonment of the Propecty. the Mortgagee shall be entitltd to take possesslon of and manage the Propaty and to oollect the
rents of the Property tnciuding those past due. All rrnts collocted shall be applied Qrst to the payment of the msts of management of the
Property and collecllon of the rents including but not limited to attorney's and real tstate broker's fees and then to the sum secured by this
Mortgage. The Mortgagee shall be liable to account only for those rents actually receivcd.
13. In the event sult is instituted to foreclou this mortgage the Mongaga shall be entitled at any time pending such forcelosure to apply
to the court having jurisdiction_thereof for the appointment of a receiver of the property snd all of the rents, incomes~ profits, issuas and
revenues thereof from whatever source derived and the court shall forthwith appoint "such receiver with the usual duties and powers oF
receivers in like cases and said appointme~t shall be made as a matter of strict right to the Mortgagee and without reference to the adequacy
oF the value of the Property or the sotvtncy of the Mortgagor or any other party to such suit. The Mortgagor htreby waives the right to object
to the appointment of a receiver and consents that such appointment shall be made as an admitted equity and az a matter of absotute right to
the Mortgaga. .
14. The abstract(s) of title rnvering the P~openy shall at all times during the term of this mongage remain In possession of the Mortgagee
and in the event of foreclosare or other transfer of title to the Property, all right tide and interest of the Mortgagor in and to the abstract(s)
shall pass to the purchaser or grantee.
15. If any installment of principal and interest is not paid to the Mortgagee within fifteen (15) days after the same becoma due and
payable or if each and every of the Mortgagor's promius and covenants set Conh in this mortgage and/ar the Note are not tully and promptly ~
performed, complied with and abidtd by. the entire sum of principal and interest secured by this mortgage shall at the optiot? of the
Mortgagee become due and payable in fuli at once as if originally stipulated to be paid at such time notwithslanding anything in this mortgage
or Note to the contrary. ;
l6. If the ownership of the Property or any part thereof becomes vesttd in a person ott~or than the Mortgagor. the Mortgagee may. ~
without notict to the Mortgagor, dea! with such succ~uor(s) in interest with reference to this mortgage and the Note in the same man~er as
with the Mortgagor, without ia any way discharging 1he Mortgagor's liability hereunder or upon any dtbt hereby secured. No sale of the
Property and no forbcarance on the part of the Mortgagee or extension for the payment of the debt hereby secured shall operate to release.
discharge, modify, change or affect the original liability of ihe Mortgagor tither in whole or in part.
~7. Thr terms "Mortgagor" and "Mortgagee" wherever uud in this instrument shall include thc heirs. personal representatives,
and assigns of the rrspective panies; the singular number shall include the plural. the plural shall inelude the singular and the use of any
_ gender shall include all genders. j
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18. Name(s) of Mortgagor(s):
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KF~1TfI JOI~:S AND DORA L. JO~VES, HIS WIFE E
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14. County in Florida wherein Property is situate and description thereof: _ !
ST. LUCIE -
LOT 7, BIACK ~~A~~ ~ HARM~~IY HF.I(~~IS N0. 5, ALOO~ING TO TI~ PLAT
~ THER~OF AS RDOORDID IN PLAT BOOK 10, PAGE 34, OF T[~ PUBLIC
RDOORDS OF ST. LUCIE 00[lNl'Y, FLDRIDiF~ ~
~
20. S
an~k
`oIDr priority of this mongage:
21. Original amount of Note:
$7,500.00 ~ 7 5
Rec~~ved S_~~_ In Payrmen~ OF Taxes
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22. Date Mortgage and Note executed: ;
~~,C
: . ~ . , _ .c C:.., Fia.
I~X 28, 1987 - .
. . ~
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~3~~89
'87 ,ll~~ 24 ~ 1 ~24 -
. O
~ . s ; ~
FILL;: i.~FpE
~ ~ DOUG! :tX~"~ CLERK
ST. ! t~~_ :E .~s~'JTY. fL.
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I Witnesses: - ;
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~ / ~
~ (SEAL) ~
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~ (SEAL) !
~ L.
I STATE OF FLORIDA )
` COUNTYOF ~7CIE ~ ss:
~ &fore me personally appeared the individual(s) above described as th~ Mortgagor who execut he foregoing Mortgage. well known to me,
and who acknowledged before me that he (she, they) executed the same for the purposcs th xpressed. IN WITNESS WHEREOF 1 have
set my hand and official seai in said County and State the date upon which the mortg w eaecntetl,~
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. „
E Natgry:~utfli , ate of Flon a
€ My commission expires: g-$-9p . ~
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h ~•i~'~ ~i `t Q R 547 P~E V~V
- r.,, t, ~ BOOK
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