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12. The Mortgagor has under the other provisions of this Mortgage and does hereby assign to the Mortgagee the teat: of the Property,
provided that the Mortgagor shall. ppnor to the acceleratiaz of the mortgage tndebtedneas as elsewhere herein pronded or the abandQttrttt'nt of
the Property, have the nght to cotiect :nd retain each rents as they become due and payable. Upon accelerattoa wader the other provisions
hereof or the abandonment of the Property. the Mortgages shall be entitled to take possession of and manage the Property and to collect the
rents of the Property including those pmt due. AU rents colNcted shall be applied fist to the paytneat of the costs o[ matugemeat of the Property
and collection of the rears including but not limited to attorney': sad real estate broker's lees and then to the sum:ecured by this Mortgage. The
Mortgagee shall be liable to account only for those rents actually received.
13. In the event:wit is instituted to foreclose this mortgage the Mortgagee shall be eatitkd at say time pendingsuch foreclosure to apply to
the court having jurisdiction thereof for the appointment of a receiver of the property sad all of the recta, incomes, profits, Tutus sad revenues
thereof from whatever source derived sad the court shall forthwith appoint such receiver with the usual duties sad powers of reaiven is like
cases and said appointment shall be made as a matter of strict right to the Mortgagee sad without reference to the adequacy of the value of the
Property or the solveary of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the right to object to the appintment
o[ a rccetver and consents that such appointment shall be made a: an admitted equity and as a matter of absolute nght to the Mortgagee.
14. The abstract(s) of title covering the Property shall at all times during the term of this mortgage remain is Qosseuioa of the Mortgagee
and in the event of foreslosurc or other trans[er of title to the Property. all nght, title sad interest of the Mortgagor to and to the abstract(s) shall
pass to the purchaser or grantee.
1 S. If any installment of principal and interest is not paid to the Mortgagee within fdtan (1 S) days after the same becomes due and payable
or if each sad every of the MortgagoPs promises sad covenants :et forth is this mortgage and/or the Note ara not fuAy sad promptly
performed, complied with and abided by, the entire sum of principal and Tautest secured by this mortgage ball at the option of the Mortgagee
become due and payable in full at once as Jorigiaally stipulated to be so paid:t such time aotwithataading anything is this mortgage or Note to
the contrary.
l6. 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 wrth such successor(s) in interest with re[erence to this mortgage and the Note to the :smc manner as with the '
Mortgagor, without to any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the Property and ao
forbearance on the part o[ the Mortgagee or extension for the payment of the debt hereby secured shall operate to release, discharge, modify,
change or affect the ongiaal liability of the Mortgagor either to •whok or in part.
l7. The terms "Mortgagor"and "Mortgagee" wherever used in this instrument shall include the heirs, persona! representatives, successors
and assigns of the respective parties; the singular number shall include the plural, the plural shall include the singular and the use of say gender
shall include all genders.
l8. Name(s) of Mortgagor(s):
ROBERT LEE MAYS and DOROTHY MAYS, his wife
19. County in Florida wherein Property is situate and description thereof: $ t , Lucie
Lot 4, in Block 12, of GENESEE LAWN SUBDIVISION, according to
the Plat thereof as recorded in Plat Book 6, at Page 29, of the
Public Records of St. Lucie County, Florida.
20. Rank or priority of this mortgage:
Second Mortgage ~~79 Nov 1 3' 37
21. Original amount of Note:
i $1 700.00
~ FIL~O Ahi: t t~~llr.~-.U
i Maturity o[ Noto• st. EUC~E al!vrY. F,
June 15 1985 ROGER PGITR:.S
s CLEfiY „IR:.U:T L':::`~tt
22. Date Mortgage and Note executed:
October 24, 1979 t''''•`"~'r'a•~-"^ .
964536
Witnesses- ~
(SEAL)
ks.
•
~~4 t ~ ~t Q~ e h (SEAL)
STATE OF FLORIDA ) •
COUNTY OF St . Lucie )u'
Before me personally appeared the individual(s) above described as the Mortgagor who executed the toregoing•Mortgage, well known to me,
and who acknowledged before me that he (she, they) executed the same for the purposes therein exaretsed•.• Iit1 W.iTNESS W H EREOF I have
set my hand and official seal in said County and State the date upon which the mortgage vras„q~tedttad7; ~ ,
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' .O/D _ ` F~.~Iic..~fa0e ~ Florida
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