HomeMy WebLinkAbout0993 . . _ . . ~ - _ .
5f - y 3 s,13
~~rJlr~~rii ~ 1 (l~Pi ~+Or~. c~f Florid~ . .
- " 5-59,~75-6
12. The Mortga~or has under the other provisions of this Mortgagc and d~ts he~by assign to the Mottptee the renti ot the Ptaperty~
provided that the Morigagor:hnll, prior to tho acce~eration o! the mortga~e indebtedncss as elsewhere herein prov~d~d or th~ a5sthionmtnt of
the Properts~ have the right to cullect and ret~in such renta as they lxcomo due and payat+lo. Upon acaltntion unde~ tha other provisiocu
aereof ar the abandonment of the Property, the Mortgagee shall be entitled to take posseaaion of and mana~e the Property aad to colkct the
rents of the Pioperty including those past duc. All renta colircted shali be applied fint to the payment of the coatt e~mar~sjement of the Propecty
snd collection of the ronts including but not limited to attorney's and real estate broker's fc~ea add then to the sum securcd by thit Mott~aje. The
Mortgsgee aF~aq be liable to account only for thuse rents ~esually rcceivcd.
13. In the event suit is instituted to forcclose this mangage the MortgaEec 3hall be entitled:t any time pending such foroclasure to appty to
the court hAVing jurisdiclion thereof for the aDPointment of a rcaiver of the propertY and all of the rcnts, incomes, profits, iisuea and revenua
thereof from whatever soura derived and the court shall forthwith appain! auch rcceiver with the uaunl dutia sndpo ~ven e! receiven ia Gke
~ cases snd a~sid ~ppc~intment shall be mAde as a matter of atrict right to thc Mortgsg~e and without nf:reoa to the sdeqwtyr of the value of tbe
Property or the solvency of the Mottgagor or any other party to auch suit. The Mortgagor hercby waivea the ri ht to object to the ~prointment
oC s receiver snd consents that such appointment shal! be made as an admitted equity and as a matter of a~olute nght to the M~rtga~ee.
14. The ~bstract(s) ot titl: covering tho 't'roper?y shall at all tima during the term of this mortgage remain in Qossesaion of tf~e Mort~~e
and in the event of foreclosure or other trans[er of title to the Property, all ri~ht, title and intcrest of tht Mortga~or ~n and to the abitrset(:) sdatl
pass to the purchaser or g~~antee. . . ' ~
1 S. ![any instalimen: ~f principal and intertsf is not paid to the Mortgagee within fiftan (I S) days after the uax bscoases due ant~ Pay~bk
or if each snd ~very of the Mortgagbr's prornises and covenants stt forth in thia mortgage snd~or the Note are not fu11y snd promptly
perlormed~ complied with and abided bv, tho entire sum of prin:.ipsi and intercst aecurtd by this mort~s~e shsll at ihe opdon of the Martp~oe .
become duo and payable in full at once as if originally stipulated to be so Qzicl ~tt such time notwith:tandinj anythin` in tlfi: mortga~+e or Note to
t1?~ cantrary. - ' ~ ~ ~ .
16. 1! th~ ownership of the Property or any part thercof becomes vcstcd in: pcnon other than ttk Mortgagor, the Mort~a~e may, without
nolice to the Mortgagor. deal with such successor(s) in interest with tekrence to this moctgage and the Note in th~ s~me manaer u with the
Mortgagor,.without in any way discharging the Mortgagor's liability herennder or upon any debt hereby secured. No sale oi the Property and no ~
forboaranoe on the part of the Mortgagee or extension for the paymept ot the debt hercby securcd thxl! optrate to nleas~~ dischu~e, modify,
change or aff~ct the original liability of the Mortgagor either in whole or in part. - :
!7. The terms "Mon$agor" and "MortgagaG" wher~ver used in this instrumer?t shall include the hcirs~ peraonal repreaetttativa. auccessors
and assigns o[ the respcctwe paciies; lhc singular n!imlxr shall include the plural. thc plural stuU inelueie the singular and the use otany geader
- sha~l include all genders.
f8. Nam~(s) of Mortgagor(s): LUI`1B SMITH and HELEN SMITH, his wife
19. Coanty in Ftorida whercin Propcrty is situate and dcscription thereoL• . ST . LUCIE COiTNTY.
Lots~15 and 16.and the South S feet of vacated alley adjacent on the
North, in Block 98,.of MEYERHOFF RE-SUBDIVISION, more particularly
described as GARDEN CITY FARMS, it~ Section 5, TownshiF 35 South, Range
40 East; said land situate, lying and being in St. Lucie County, Florida; ~
~ -ALSO BEING DESCRIBED AS Lots 15 and 16 and the .
_ 20. Rank or priority of this mortgage: SOUtt'1 S feet o~ vacated alley adj acent on the
Second Mortgage North of MEYERHOFF'S SiJBDIVISION of Tract 98, of
~ 2~. Original amount u[ h~~c~: ~ Garden City Farms as per plat thereof on file
- $4,200.00 in P1at Book 8, at page 26 of the Public Records -
hE~co~ciRxd~i~a~~ of St . Lucie County, Florida . - . ~
22. ~ Date Marigage and Note exccuted: _ ~
S`~6`~6~
August 5, 1982 ~
I~g2 ~~!r, .19 A~I 9~ ; 7
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- . Received a In Paymeni nE T~K?E S' LUCI: i'C~::V' .
• . e=..:', S:O:'~t:y~ GtrR f";~' :i ~
Due On Cass ln:v . ' Ct;l:~ If:.";:~t - ,
~ 3 ~ oursu_ nt ~ v t:,h::~ i 1, i~;, r::ts Ui I~ll. . f,'"~
I ,n `-.~`T'/4TE ~LC~~iC~~' ~ -
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, : nacv~~~t~T~uY 4:;;,~TA M f' = j~_ x - : , ~ ~ ~
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~ : DEPT.>>f YEVENUE r: ; -
~ _ u C;erk Citcui: Court. Si. Luc;~•, Co., Fla. - .
. = ~UG ! 6'82 ~ = ~ ~
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W'ttneasea: . " . ~ - - . . ~
. . ,~`~-v-~~ (SEAL) ,
i LiTMB SN:ITH, M~rtgagor . _
_ - (SEAL)
r (S~AL)
E 5TATE OF FLOP.IDA ) . ' ~ ' ~
~ Covt~TY oF St . Lucie~~~ ELEN SMIT , rlortgagor
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a~nd who scknowkdgad be(ore rr~ that h~ (~he, they) excruted the same for :he purpoxs tberrin eapra~od. IN WITN. ~V1?H~ O~
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~ ~et m hand and official seal in said Cos~nt and State the date u n w~hich the mort execute~. ~ '
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1Ky commiuion exp~nca: February 25 , 1985 f~~-' :~<<~`~~~y,`
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