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12. The Mortgagor hu under the other provisions of this Mortgage and does hereby assign to the Mortgages the rcnu of the Property,
provided that the Mortgagor shall, prior to the acceleration of the mortgage indebtedness u elsewhere herein provtdod or the abandonment of
the Property, have the right to collect and retain such rents u they become due and payable. Upon aocekntion under the other provisions
hereof or the abandonment of the Property, the Mortgagee shall be entitled to take possession of and manage the Property and to collect the
rents of the Property including chose past due. All rents collected shall be applied first to the payment otthe costs of management of the Property
and collection of the rents including but not limited to attorney's and coal estate broker's fees and then to the sum secured by this Mortgage. The
Mortgagee shall be Gable 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 pendingsuch foreclosure to apply to
the court having jurisdiction thereof for the appointment of a receiver of the property and all of the rents, incomes. profits, issues and revenues
thereof from whatever source derived and the court shall forthwith appoint such reotiver with the usual duties and powers of reoeivera in Gke
casts and said appointment shall be made u a matter of strict right to the Mortgagee and without reference to the adequacy of the value of the
Property or the solventy of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the right to ob~oct to the appointment
of a reoatver and consents that such appointment shag be made as an admitted egwty and u a matter of absolute nght to the Mortgagee.
14. The abstract(s) of title coveriag the Property shall at all times during the term of this mortgage remain in Qossession 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 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 fifteen (1 S) days after the same becomes due and payable
or if.eac4 and every of the Mortgagor'a promises and covenants set forth in this mortgage and/or the Note are not fully 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 full at once as if originally stipulated to be so paid at such limo notwithstanding anything in this mortgage or Note to
the contrary.
16. If the ownership of the Property or any pare thereof bc:.omcs vested in a pcrsan athcr than ihe'~iortgagar, tht hlortgaa-rc may, rsithoui
notice to the Mortgagor, deal with such successor(s) in interest with reference to this mortgage and the Note to the ume manner as with the
Mortgagor, without:n 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 shal_I operate to release, discharge, modify,
change or affect the original liability of the Mortgagor either to 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.
Ig. Name(s) of Mortgagor(s):
JOHN B. TAYLOR and ALECIA FAY TAYLOR, his wife, formerly known
as ALECIA FAY HAND
l9. County in Florida wherein Property is situate and description thereof: S t . Lucie
Lot 4, in Block 189, PORT ST. LUCIE SECTION FOUR, according to
the Plat thereof as recorded in Plat Book 12, Pages 14A through
14G, of-the Public Records of St. LucieCounty, Florida.
20. Rank or priority of this mortgage:
Second Mortgage - ~ - _ - . - - - . - ~ 1~6D JAiV -9 2~ 3S
21. Original amount of Note: ~ ~ ~ . - j
$ 3, 375.00 ~ J ! U ! S7
t~UpE
C0'J.vTY FIA.
~ Maturity of Note: ~ - ' s ROSFR J'OfTRAS
i March 15, 1985 _ - - alt cskctn~ callFlt
22. Date Mortgage and Note executed: REi"OR.>31lFPtf
(E!'~ ~
r
' January 2, 1980
4`720$0
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3
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(SEAL)
a B. TAY ortgagor
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~ 4~ (r . ~,t ~C~~.c ~ (SEAL)
- '
(SEAL)
STATE OF FLORIDA u: CIA FA T Y ortgagor
couNTV of St. Lucie)
c
i Before me personally appeared the individual(s) above described u the Mortgagor who executed the foregoing Mortgage, well known to me,
y
and who acknbwkdged before me that he (she, they) executed the same for the purpaseatrercin expressed. IN WITNESS WHEREOF I have
set my hand and official seal in said County and State the date upon which the m~rt~s~e,~r~s"e~cecuted.
, .
. ~ i'ublic, State of Fl
My commission expires: ~ ~ ^~°n~ _
June 30, 1983 - ' - - -