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12. The Mortgagor has ardor the other provisions of this Mortgage and does hereby assign to the Mortgagee the rents of the Property,
provided that the Mortgagor shall, prior to the acceleration of the mortgage indebtedness as elsewhere herein provtdod or the abandonment of
the Property, have the right to collect and retain such rents sa they become due and payable. Upon aooeleratioa under the other provisions
herco[ or the abandonment of the Property, the Mortgagee shall be entitled to take posscas~on of and manage the Property and to collect the
rents of the Property including those past due. All rents collected shall be applied lust to the payment of the costs of management of the Property
and collection of the rents including but not limited to attorneysand real estate broker's fees and then to the sum secured by this Mortgage. The
Mortgagee 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 toreclosurc to apply to
the court having jurisdiction thereof [or the appointment of a rcotiver of the property gad all of the rents, incomes, profits, issues and revenues
thereof from whatever source derived and the court shall forthwith appoint such receiver with the usual duties and powers of receivers in Gke
cases and said appointment shall be made as a matter of strict right to the Mortgagee and without rc[ercnce to the adequacy of the value of the
Property or the solvency of the Mortgagor or any other party to such suit. T'he Mortgagor hereby waives the right to object to the ap'otatment
of a receiver and consents that such appointment shall be made as an admitted equity and as a matter of absolute nght to the Mortgagee.
14, The abstract(s) of tick covering the Property shall at all times during the term of this mortgage remain in possession of the Mortgagee
and in the event of foreclosure or other transfer of tick to the Property. all right, title and interest of the Mortgagor to and to the abstract(s) shall
pass to the purchaser or grantee.
1 S. If any installment r•f principal and interest is not paid to the Mortgagee within fdtesn (1 S) days after the same becomes due and payable
or J each and every of the Mortgagor's promises and eoveoants set forth in this mortgage gad/or the Note are not [ally and promptly
performed, complied with and abided by, the entire sum of principal and interest secured by this mortgage shall at the option of the Mortgagee
become due and payable in fuA at once as if originally stipulated to be so paid at such time notwithstanding anything in this mortgage or Note to
the contrary.
16. 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 io the same manner as with the
Mortgagor; without in any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the Property and no
forbearance on the part of the Mortgagee or extension for the payment of the debt hereby secured shall operate to release, discharge, modify,
change or affect the original 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, successors
and assigns of the respective parties; the singular number shall include the plural, the plural shall include the singular and the use of any gender
shall include all genders. -
18. Name(s) of Mortgagor(s):
HERBERT G. NEEDLES and MARGARET L. NEEDLES, his wife
19. County in Florida wherein Property is situate and description thereof: S t . Lucie
Lot 11, in Block 208, of SOUTH PORT ST, LUCIE, UNIT 15, a Subdivision
according to the Plat thereof as recorded in Plat Book 16, at Page 42
of the Public Records of St. Lucie County, Florida
20. Rank or priority of this mortgage:
Second Mortgage
21. Original amount of Note: -
$3,125.00
Maturity of Note: ~
April 15, 1986 p
j 22. Date Mortgage and Note executed: ~gG~ J4i4 _ 9 rt`• 2' Z v -
fC January 2, 1980 FiLEO FKC Ffl;Ct.u: u •
[ 5 ROGER
POIITRASa ~ '
CLEP,K CIRCUITnCO~~h/~T,Q _
-
i
4'72078 .
Witn
(SEAL)
- _ HERBERT G. NEE S, Mortgagor
~.~.t ~ [',c n ~ ly . L.~~ ~ (SEAL)
EAL)
STATE OF FLORIDA ss• ~ L~ NEEDLES Mortgagor
~ couNTY of St. Lune)
Before me rsonall a rod the individual(s) above described as the Mort or who executed the fore oin Mort
Pe Y PPS BaB g 8 gage. vaYll known to me,
~ and who acknowledged before me that he (she, they) executed the same for the purp~,t~erein.4xpressed. IN WITNESS WHEREOF I have
set my hand and official seal in said County and State the date upon whiclr~tl~.ajprtga~v~ii?s executed.
_
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E = ' Public, Sate of
My comrrlisaion-ea4pires: EO~e~.J .:',..t'•::...,••••„_.;: _
,Tune 30, 1983