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12. The Mortgagor has under the other provisions of this Mortgage sad does hereby auign to the Mortgagee the rents of the Property,
provided that the Mortgagor :hall, prior to the socekratioa of the mortgage indebtedness ss elsewhere herein provided or We abaadoament of
the Property. have the right to collect and retain such rcaU as they become due and payable. Upon aocekrattoa under the other provision:
hereof or the aba»donmeat of the Property, the Mortgages :ball be entitled to take possaston Of and manage the Property aaa to collect the
rent: of the Property includinagg those put due. All rents collected:hall be applied first to the payment of the cost: of maaagemeat of the Property
and colkaioa of the rent: including but not limited to attorney': and real state broker':lea and then to the sum secured by this Mortgage. The
Mortgages :hall be liable to aocouat only for those rent: actually received.
13. lathe event suit is instituted to foreclose this mortgage the Mortgagee shag be entitled at nay time pending:uch foreclosure to apply to
the court having jurisdiction thereof for the appointment of a receiver of the property sad all of the rents, incomes. Drotits, issue: sad reveaua
thereof from whatever source derived sad the court shall forthwith appoint such receiver with the usual duties sad powers o[ receivers in like
cases and:aid appointment shall be made as a mater of:trict right to the Mo and without reference to the adoquscy of the value ottbe
Property or the solveary of the Mortgagor or nay other poly to such suit. The ortgagor hereby waives the right to object to the appintmeat
of a receiver sad coaaenta that :uch appointment shall be made ss as admitted equity sad as a matter of a lute right to the Mortgagee.
14. The abstract(:) of title covering the Property shsU at aQ times during the term o[ this mortgage remain in ptnse::ioa of the Mortgagee
sad in the event of foreclosure or other transfer of title to the Property, all nght, title sad iaterat of the Mortgagor n sad to the abstract(:)shall
pass to the purchsser or grantes.
1 S. If any inatallmeat of principal and inurc:t u not p>iid.to the Mortgagee within fdtesn (1 S) days after the acme beooma due and payable
or if each sad every of the Moctp~o~s promiaa and oovensnt: net forthm this mortgage sad/or the Note are not fully and promptly
performed. complied with sad abided by, the entire mm of principal sad intenut:ecurod by this mort~g~e shall at the option of the Mortgagee t
biome due sad payable in lull at once as if originally stipulated to be so paid at such time notwithstanding anything is the mortgage or Note to
the contrary.
16. U the ownership of the Property or nay part thereof heron: voted in a person other than the Mortgagor, the Mortgagee may, without
notice to the Mortgagor, deal with such atrceasor(s) in interest with reference to this mortgage and the Note n the same m:aver as with the
Mortgagor. without in any way discharging the Mortgagor':liability hereunder ar upon any debt hereby secured. No sale of the Property sad no
forbearance on the part of the Mortgagee or exteauon for the payment of the debt hereby secured shall operate to release, discharge, modify,
change or affect the original liability of the Mortgagor either to whole or is part.
17. The terms "Mortgagor" and "Mortgages" wherever used in this instrument shall include the heirs, peraoaal rcprcscntatives, suooessors
and assigns of the rapcctrve parties; the uagular number shall include the plural, the plural shall include the angular and the use of any gender
shall include all gender:.
_
18. Name(s) of Mortgagor(:): i
t
DOUGLAS E . GRIMES and J . DIANE G~ItMES:, his wife .
19. County is Florida wherein Property is situate and description thereof St. Lucie, I.OtS 1 and 2,
Block 1, WAGNER SUBDIVISION, as per Plat thereof, as recorded in
Flat Book 9, page 74, of the Public Records of St. Lucie County,
Florida.
1980 JAN -7 PN fi 23
20. Rank or priority of this mortgage:
First Mortgage F ~Ep ~?Ne PECOKOEo
S~ Lt1ClE C0~lITY.FLA.
21. Original amount of Note: ROGER Poo17AA5
$ 2~ 950. gO ~ CLERK CIRCUIT CCllR
i :runty o Note: RECOAt1 Y£RIfIE^..... ~ -
Sepptember 15, 1986
22 Date7vlortgage sad Note executed:
December 22, 1979 4'71698
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STATE OF FLORIDA ) .
couNTV of S t . Lucie
Betore me personally appeared the individual(s) above described as the Mortgagor who executed the foregoing Mortgage. well known to me,
and who acknowledged before me that he (she. they) executed the acme [or the purpoaes.thert:inexpressed. IN WITNESS WHEREOF I have
set my hand sad official seal is said County and State the date upon whickibei, was executed.
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My commi<sion¢xpira: B~~~lr•J ~ ,
June 30, 1983 _ ~