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12. The ~lortgagot has under the other provisions of this Mortgage and does hereby auign to the Mortgages the rents of the Property,
provided that the Mortgagor shall, pprior to the acceleration of the mortgage indebtedneu u ehxwherc herein provrded or the abandonment of
the Property, have the right to collect and retain such rents as they become due and payable. Upon atxekration under the other provisions
hereof or the abandonment of the Property, the Mortgagee shall be entitled to take possessron of and manage the Property and to collect the
rents of the Properly including those past due. AU rents col xth
red shall be applied first to the payment of the costs of management otthe Property
and collection of the rent: including but not limited to attorney's and real estate broker's fees and then to the sum secured by this Mortgage. The
Mortgages shall be liable to account only for those rents actually received.
13. In the event suit is instituted to foreclose this mortgage the Mortgagee shall be entitled at any time pending such torcclosurc to apply to
the court having jurisdiction thereof for the appointment of a retxiver of the property and all of the rents, incomes, profits. issues sad revenues
[hereof from whatever source derived and the court absU forthwith appoint such receiver with the usual duties and powers of receivers in like
cases and said appointment shall be made as a matter of strict right to the Mortpgee and without reference to the adequacy of the value of the
Property or the solvency of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the ri$6t to object to the appintmeat
of a receiver and consenu that such appointment shall be made as an admitted equity and as a matter of absolute right to the Mortgages.
!0. The abstrsct(s) of tick covering the Property shall at all times during the term of chi: mortgage remain in possession of the Mortgagee
and in the event of foreclosure or other transfer of tick to the Property, all nght, tick and interest of the Mortgagor ur and to the abstract(s) ahaU
pass to the purchaser or graniee.
1 S. It any installment of principal and interest is not paid to the Mortgagee within Hfteen (!S) days aRer the same becomes due and payable
ar if each and every of the Mortga or's ppremises and covenants set tort6 in this mortgage andJor the Nou ace not fully sad promptly
performed, complied with and abide~by, the entire sum of principal and interest secured by this mortgage:frall at the option of the Mortgagee
become due and payable in full at ones as rf originally stipulated to be so paid at such tithe notwithstanding anything in thrs mortgage or Note to
the contrary.
!6. If the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor, the Mortgagee may, without
notice to the Mortgagor, deal with such successor(s) in interest with reference to this mortgage and the Note in the same manner as with the
Mortgagor. without m any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sak of the Property and no
forbearance on the part of the Mortgagee or extension for the payment of the debt htrcby secured shall operate to release, discharge, modify,
change or affect the onginal liability of the Mortgagor either in whole or in part.
17. The terms "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the heirs. personal representatives, successor
and assigns of the respective parties; the singular number shall include the plural, the plural shall include the singular and rho use of any gender
shall include all genders.
18. Namo(s)ofMortgagor(s): ISABEL V. MALO, an unmarried woman.
19. County in Florida wherein Property is situate and description thereot• ST . LUCIE COUNTY .
Lot 1 and South 10 feet of Lot 2 and East 5 feet of
vacated alley on West in Block 9, of FORT PIERCE
HEIQiTS, according to the Plat thereof as recorded
in Plat Book 1, at Page 39, of the Public Records
20. Rank or prioritQ~f th~nsor:ie COUnty, Florida.
Third Mortgage
21. Original amount of Note:
$1,650.00 _
Maturity of Note:
May ls, 1984 ';;g Novi ?r~
22. Date Mortgage and Note executed:
October 22 1979 F'"~'`"~'''`~~`~"
s Sf.IL'CIE CL~;.~ti"f.fi
ROGER.P017RAti
CL:R:f C~~CU!T CnU~ i
44535
with
~_J~~~(SEAL)
i
(SEAL
STATE OF FLORIDA ) -
couNTV of St. Luciq~`~
Before me personally appeared the individual(s) above described as the Mortgagor who executed t Mort
tete~aing gage, well knownto me,
and who acknowledged before me that he (she, they) executed the same for the purposes therei ~ ~ 1; ~I~'~?~T'kESS W HEREOF 1 have
set my hand and official seal in said County and State the date upon which the mortgage west `t",,'
_
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•
ortda
My commission expircri: June 30, 1983 .r~-_
r.~~;ix 3~9 ~acE i572 ~