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12. The Mor~agor has under the other provisions of this Mortpge and does hereby aaisn to the Mortgage the nnu o[ the Property,
provided that the Mort~a=or shall, ppnor to the aooekation of the mortgage indebtedness as atre~here hecein provided or the abandonaxnt of
the Property. have the right to calloct and retain such reau as they become due and payable Upon aooeleratton under the other provisions _
or the abandonaaen cif ~ ,the Mo fag :hall be entitled to take possession of and manage Ehe Prope~Ay and to oolia:t the
re~af the Property iaclud slides d0~. AU rrrtu„ collo~cted:hall be applied fast to the payment ofthe ooau of - ~qa~e nt of the Property
and collation of the nnu including t not limited to attorney's and real estate broken foes and then to the:um «xvnd by~tbi: Mo.'Ibe -
Mortgages shall be Babb to account only for those nnu sctual(y noeived:
13. In the Ducat suit is instituted to foreclose this mortgage rho Mortgagee shall be entitled at any time pending such foroclosurato apply to
the Doors having juri:diaion thereof for the appointment of a receiver o the property and all of the nnu. incomes, profits. issues and revenues
thereof fYom whatever sound derived and the court shall forthwith a :nch receiver with rho tisoal duties and p were of noeivers in Glee .
ases ark said appointment shall be made as a matter of strict right to the Mortpgx and without refennoe to the adooquacy of tbo value of the -
Propertyorthe tohiency of the Mortgagor or say other party to such suit. The Matpgor hereby waives the 'ggeht to object to the appointment
of a receiver and oonseau that such appointmeat shall be made u an admitted equity and a: a matter of~a6tolute sgltt to the Mee.
14. The abstract(s) of title covering the Property shall at all times during the term of this mortgage remain in possaaon of the Mortgagee _
and in the event of foredosure or other transfer of dtk to the Property, all right, title and interest of the Mortgagor m and to the abstract(s) shall
pass to the purchaser-or grantee. -
1 S. If any instalhuent of principal and interest is not paid to the Mortga~oe within fiReen (1 ~ days after the ame become dne and payable
or if each and every of the M promises and -0ovenants sot forthru this rt~g~ and/or the Note are not fnUy and promptly
p~errfformed, complied with and a!~ the entire sam of principal and interest seonred~ by this mo shall at the option of the Mart~tgee -
ba:Ome due and payable in full at once as if originally stipnhted to be so paid at such time nottvittistii~anythiag in this mortgage or Note to
the contrary. _ ~ .
16. If the ownership of the Property or any part thereof bocotna voted in a person other than the Mortgagor, the Mortgagee may, wihuout -
notice to the Mortgagor, deal with such suoaaor(:) in interest with rdenna to this mort~ge and the Note in the same atanner as with the
Mortgagor, without m spy way discharging the Mortgagor's liability hereunder or upon any debt heresy secured. No ale of the Property and no
forbearance on the part of the Mortgagee or extenuun for the payment of the debt 6ereby:ecund shall operate to release, discharge, modify, -
chaiige or affect rho original liability of the Mortgagor either m whole or in part.
17. The terms "Mortgagor" and "Mortgages" wherever used in this instrument shall include the heirs; personal representatives, sticeessots
and assigns of the ve parties: the singular number shall include the plural, the plural ahtill include the singular and the use of any gender
shall indude all ge~ -
- )OCUMfNTARY,~-~, ST7~MP TAX ~
18. Name(s) of Mortgagor(s): NPT= ^F BEYENUE ~ -
- = _ CCT-YT9 a '
H. WARREN PHIPPS and BETTY J. PHIPPS, his wife = p-a ~ - - ~ _ - ~ 4• ~ 5. i -
IU7j ••s-..~' ~ -
19. County in Florida wherein Property is situate and description thereof: St. Lucie - -
Lot 19, in Block 6, Unit 3, RYVER PARK,, a subdivision according to the Plat
thereof as reco:cded in Plat Book 10, at Page 80, of the Public Records of St.
Lucie County, Florida ~ - - -
20. Rank or priority of this mortgage: - , , i ~ _ _ r ,
-Third Mortgage _ - : _ ~ z .
2l. Original amount of Note: _ _
$2, ?00.00 _ ~
Maturity of Note: - v t
December 15, 1984 { ~ ? ~ j -
22. Date Mortgage and Note executed: _ _ _ - - - - - - - - - - - - - _ _ _ . _ _ - - _
September 2b, 19?9 ,
Wititesses•
(SEAL)
_ i'
4 (SEAL)
STATE OF FLORIDA _
COUNTY OF St. Lucie )
Before me perwaally appeared the individual(s) above described as the Mortgagor who executed the foregoing Mortgage, well known tome,
and who acknovrkdged before me that he (:he, they) executed the ame for the purposes therein expressed. IN WITNESS WHEREOF 1 have
set my hand and official seal is said County and State the date neon which the mortgage was executed.
y -`i .
~11ii~ S;
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~9T9 OCT - 4, ~ 4 7 N Pabtie, sate ~ ~ • ' = ~ ~ .
My commission expires: Z • ; j
5~ LUCiE COUlITY.FIA:- ~ ~ z-- r~ t • : Q c
June 30, 1983 ROGER POITpAS " : '
C1E101 CIRCUIT COUPT r~ ~ p
JJ~' . •
~Q~ _ _
U ;
RECORO YERiF1Er?_ _t'~z ,,~G~ - 's~ ''.J~ ~ c,'~
STATE OF FLORIDA ) '~••=e.:...~' _
s,~t
COUNTY OF )re' ~c +''nn ~1L~,•.~
Before me personally appeared ~~7~18 > ~ : , . ~ • ;
President and .
respectively of t oorporitiott,.
who acknovrkdged before me that they, s: officers of said corportation, executed the above Mortga®e, affuied the corporate seal, and that the
same a the act and deed of said corporation. IN WTtNESS WHEREOF I have set my hand and official seal in said County sad State thedite ` -
upon which the mortgage was executed.
- - Notary Public, State of Florida
My commission expires: _