HomeMy WebLinkAbout0585 5-96,87Q-1
f 1. Tb p~y aQ oosts dur~es and expenses ior:ludin~ attoraeY's te~ (wl~ether or not 1it'sjatia~n oa.~urs and i[ it does thea thae o0
appdiue as wdl a viai kvd) and abstrsa oo~sts raso~srly u~cwred or p~id at any time by the Mortja~oe beause of tbe f~ure a+
the put ot tbe Mo~tpt to perfon0. oomply vrith and sbide by all d bis ooveatots xt torth io t!+'ss awrya,~e andlor tfie No~e and/of
Prior Mortjye(s) aad tbef prom~ory note(:) socurrd thercbY.
12. The Mortja~ee it a lioec~sad motya~e broker unda C'~aPta 494. Floridt SutW+es.
t 3. Tt~e Mon~or bs wda t!x otlia pe~ovi~ions of this N~ort~e and_ das 6a~e1~y~s~n m the M~t~ee tLe ~b of tbe Prop~a~ty.
providod dut tbe MoAsasor sl~all. Prior w the aocekratan af t1~e n~e mdebtodna~ as etttwhect herrin Qcovided o~ tbe abandonment
of tl~c Ptnpaty. haMe the r~gAt to odloct and ~+e~ain such rems as tbey beoome due u~d payable. Upoa aoodasbon under the dber provisia~s
hereof or tbt abando~nxnt of the Property. t1u Mort~agee st~all be cntitled W Wue of and manye tt~e Prope~tY and to colkct
the rcnts ot the P?operty includin~ those Qast due. All rents oolkcted shal! be a ~od first to the Qa~rneeat of the oosts of mana=ement
of the Property aad odlection of the rcnts u~duding but not limitod w attorney'a and rul esute brolcer s fe~s and then to the sum sacurod
by this Mort~a~e. The Mo~t=sgee shall be liabk to sooount on{y for those reob adwd~y raxivod.
14. In the event suit i~ instituted to forociose this moct~e the Mo~a~ee stul: be endtk~ at any timc pcndiai such icxeclosurc
to apply to the oouM having jurisdiction thereo( fw the appantcnent of a reoeiver ot the property snd all of the renta. inoomes. ~ts.
issues and revtnues thaeof from whateve~ souroe derived and the oourt shall forthwith appo~nt such rooe~ver with the uwal duties and
powers of rooeiven in lilce cases and sa~d appointment shall be made as a matter of striet c~ht to tfie Mat~sgee and witha+t rcferena
to the adequacy of tbe value of the ProQerty or tAe solvency of the Mortsagor or any al~er party to such w~t. The Mortfagor hereby
waivzs tlx ri~bt w~t to ~he sppo~ntment oi a reoaver and ax~sents that such appantmant sl~all be msck as an sdmitted equity
. and ss a matter of sb~o(ute ci=ht to tl~e Mo~t`aeee.
15. Tbe absuscx(:) of titk ooverit~ the PropMy shall at al! tima during the tenn of this mart`aae rcrnain in possessioe of the
Mortsagee and ia tbe eveat of forcclosurc or otber trar~sfer of titk w tbe PropeKy. aU rqbt atlt wd iaterat of tbe Mo~or in and to
tbe abstraats) absU pds w the purcl+a~a or Snntte-
16. U any iostalteneot of prinap?1 sad intaest is aot paid w tbe Ma~tpsae aritl+ia ~(1 S) day~ alta tLe sune booomes due
aad payabk or J ach aad every o( tbe M 's promaes and oov~ena~sts set fortb in tbis mortp~e aad/or tbt Note are not fully
aad p~oinpdy ~erformod, complied w~th and~~_ b~. tse eatin wan d priadpd ~nd in~erat socured bY t6is ~nort~e sball at tbe
optioa o[ tbe 11iott~e booome due aod payable ue h,11 u ooae a~ d«ipnaay stipula~ed w b~ p.~a ac wd~ time oocwis6~taodi~ anyWin~
m tL's nio~e at Nole 1~ tbe ootttnry.
17. tf the oweaship of t~ePr~~r or aay part tba~eof beooma vested 'w a penoa otber t6an tbe M , tbe Mortja~ee may.
oweas ip
wic6out notioe a tl~e Mort~a~, deal vnch such suoc~ssor(s) ie iueetest wit~ sd'amoe a t6i: nwctsa~e and cthe ae in the saaae anaaaer
as w~itA tbe Mortp~or, wntbo~ ia aoy way the MoRfa~or':~y be~ueda orupoa sey debt bereby ~ecured. No atk
of tbe and oo fo~ranoe on the put~ortja~ee or ea~t~ioa for tbe payme~nt oI tbe debt bereby aeatrod shsll operate
w rdea~e.p~~i '~~ar~e, modify. d~e~e or atEect the o~pnal liablty ot tl~ Mott~or athet ~a wfiok cx ia put.
I H. The teran "Mort~asor" aod "Morts+~ee" wl~uever med ~a tbu u~swmeM t6ap uadude tbe l~ats, Pa~onal re~aea~UYea. aed
ot t6er~pecp v~e parties; tbe s~ngular aumber shaU indude tbe plur~l, tht plurnl s6a11 include tbe siaaular and tbe use of any
~ shall indude al! ~endets.
19. Nan~e(t) or MoA~o~(s}:
GWEN R. ROU~E . AL50 ~:NOWN AS GWENDOLYi'J F:. F:DUSE , AN
UNP1ARf; I ED WOMatv . HE I IVG TNE W I D04) OF RUFUS f;OUSE
Z0. County in F'lorida wbar,in PropeRy is atutte u~d dao~iption thereoF S T. L U C I E
~O 1`~: 4 E~LOCt~~: 1 F' 1 i~1~CREST SUE+D I~,~ I~ I ~N
A~ F'ER F'LF'-~T THEF:~D~ F:ECO~D~D I N THE F'UE;L I~'~i REGQRDS Uf= ST . LUC I E
C~i
i~JT4' . FLO~ I UA
F~LA7 /BL~C1f~; ~ F'A~E 1~ 1020550
2~. tia~c a piora,? ot ttra n~o~t~a~: '9D .IAN 22 P 4~0~~
SEL'QND
! 22. oripnal an,ouat d tva~ F 1 L E i-° 4 t~s D~ E~. ~ r~ ~
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~ 23. Date Mortp~e ~od Note exocuted:
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t6e iadividna!(s) above darn"bed as the Mortp~ot w?~o aceaetod d~e weU known W
Bdor+e me pe~sooafly
me, and ~rbo befone a~e t~u be (die, they) ex~cu~ed tLe ~me ior tbe purpaa tberan espe~d. . WHFRFOF
: [ 6tv~e sd ~ay hsnd aad add 'm a~id Camty aod Sta~e the dale apo~n ~rh~ch tbe ma~e ~ns r-'~~"
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