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Our File 5-50,911-7
12. The Mortgagor bas under the other provisions of this Mortgage and doe: hereby s:siga to the Mortgagee the rcau of the Property,
provided that the Mortgagor shall, prior to the aooekratioa of the mortgage irdebtedaess as elsewhere herein provided or the abandonment o!
the Property. have the nght to collect and retain such rents s: they become due and payable. Upon soakradoa under the other provisions
hereof or the abardoataeat of the Property, the Mort~a~ee:ball be entitled to take possession of and manage the Property and to collect the
rents of the Property including those past due. AU Hats collected shall be applied first to the payment of the cost: of management of the Property
and coUtxtioa of the rents including but not limited to attorney's sad real estate broker': fee: sad then to tht sum secured by ibis Mortgage. The
Mortgagee shall be liable to account Daly for those react actually retxivod.
13. Ia the event suit is instituted to [orcclose this mortgage the Mortgagee shall be entitled at say time perdiag:ucb foreclosure to apply to
the court having jurisdiction thereof for the appointment of a reeetver of tht; propa~ and all of the rents, income:, profiu. issttes sad revenues
thereof from whatever source derived and the court shall forthwith appoint such receiver with the usual duties tad tarts of receivers is iiYe
cases and said appointment shall be made as a matter of strict tight to the M sad without refereaoe to the a~uacy of the value of the
Property or the solvency of the Mortgagor or any other party to such suit. The ortgagor hereby waives then'ght to object to the appointment
of a reoaver and consents that such appointment shall be made. as as admitted egwty sad u a matter of absolute tsgbt to the Mortgagor.
14. The abstrac(t) of tick covering the Property shall at all times during the term of thu mortgage remain is possession of the Mortgagee
and in the event of tortxlasurc or other transfer of tick to the Property, all right, tick sad interest of the Mortgagor is sad to the abstract(s) shsU
pass to the purchaser or graates.
1 S. If any insWlmeat c+t prinapal and interest is not paid to the Mortgagee within fdteen (1 S) day: after the ame becomes due sad payable
or J each sad every of the Mortgagors promises and covenwts set forthtn this mortgage and/or the Note are not fully sad promptly
performed. complied with and abided by. the ratite sum of principal and interest secured by this~rtgage shall at the option of the Mortgagee
become due and payable in full at once as Joriginally stipu4ted to be so paid at such time aotwi tag anything is this mortgage or Note to .
the contrary. .
l6. U the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor. the Mortgages may, wiW out
notice to the Mortpgor, deal with such :ueoasor(:) in interest with reference to ibis mortgage sad the Note in the stmt; meaner as with the
Mortgagor, without in say way discbatgiag the Mortgagor's liability hereunder or upon any debt hereby secured. No sale of the Property and ao
[orbearaitoe on the part of the Mortgagee or extension for the payment of the debt hereby secured shall operate to release. discharge. modJy,
change or affect the onginal liability of the Mortgagor either in whole or is part. f
17. The term: "Mortgagor" and "Mortgagee" wherever used in this instrument shall include the heirs, personal rcprcseatatives, suooessors
and assigns of the respective parties; the singular number:baU include the plural, the plural ahaU include the singular and the use of say gender
shall include all graders.
18. Name(s) of Mortgagor(s):
DALE BRAWN and BETTY LOU BROWN, his wife
19. County is Florida wherein Property is situate and description thereof: S t . Lucie
Lot 1, in Block 441, of PORT ST. LUCIE, SECTION TIRtEE, according to
the Plat thereof as recorded in Plat Book 12, at Page 13A, of the
Public Records of Sc. Lucie Cut?u%y, F i.viiua.
20. Rank or priority of this mortgage:
First Mortgage
21. Original amount of Note: .
$13,950.00 1980 JAN 16 P!. ~ ~0
Maturity of Note:
January 15, 1987 FItEOLMOPECOKUED
ST.IUCiE WWITY.FLA.
22. Date Mortgage and Note executed: ROGER POITRAS
January 9, 1980 ct_ERIt clRCwt ctw t
j RECORD ~'ERiFiE~_ _t~_
4i'285'7
Witn
(SEAL)
DALE BROWN, Mortgagor
' C . (SEAL)
(SEAL)
STATE OF FLORIDA )u: E . U BROWN, Mortgagor
couNTV of St. Lucie)
Be[orc me personally appeared the individual(s) above described u the Mort~~o'~. . •btxccuted the foregoing Mortgage, well known to me,
and who acknowkdgod before me that he (she, they) yxecutod the same far (11e ~ij~tfter~! expressed. IN WITNESS W HEREOF I have
set my band sad official seal in said County and State the date upon the esot~pRa ~aexecuted.
j";
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I Uhc. State of Fl
p~ ee~~QQ~~ _
June 30 , 198 3 ~ 800 pSGE ~AU1 ~ , r