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12. The Mort~a~or has under the other provision o<this Mortpge and doa hereby assign to the Mortjasee the nab of the Property
provided that the Mortp~or shall. ppnor to the socskratioa of the eoort8ase indebtedness as ehxwhen herein provided or the abaadoaa~eat o~'
the Property. have the right to colka and retain such rents u they become due and payable. Upon acceleration under the other provisiogs
hereof or the abaadoaaxat ~ the Property, the Mo shall be entitled to take postastoa of and manage the Property and to oolkcx the ~
renb of the Property iaciudt'ag those put due. All nab sh 11 be applied fiat to the payment of the costs of management oitbe Property
cad collection of the nab iacludiag but not Waited to attorney's and rea! estate broker's tees and then to the sum secured by ?his Mortgage. The
Mortpgee shall be liable to account only for those nab actually received.
13. la the event :uit u intituted to foreclose this mortgage the Mort~,a~ee shall be entitled at any time pending such [oredosun to apply to
the court having jurisdiction thereof for the appointment of a receiver ofthe property and all of the Hats. iaoomea. profits. issues and revenues
thereof from whatever source derived and the court shall forthwith s t such receiver with the usual duties and p wen of receivers in like
uses and said appointment shall be made as a matter of stria right to the Mort~s~ee and without retenmoe to the adequary of the valae of the
Property or the solvency of the Mortgagor or any other party to such suit. The 16tortpsor hereby waives the n'~ht to object to the appowtmeat
of a Heaver and coneab that :uch appointment shall be made ss an admitted equity and u a matter of s6sohue njbt to the Mortyspee.
14. The abstnux(s) of title covering the Property snap at all tima_duriag the term of this mortgage remain is on of the M
and is the event of toreclosrtre or other tran[er of title to the Property. all right, title and iuterat of the Mortpgor the abstract(s)shaU
pass to the purchaser or grantee.
1 S. It any iasWlnaent of prindpal and interest a not paid to the Mortgagee within fdteea (1 S) days after the same becomes due and payable
or J each and every of the Mort~ors promises and ooveaanb set forrtthh m this mortp~e and/or the Note are not fully and promptly
performed, complied with and abided by. the entire sum of principal and interest second by this shall at the option the Mee
become due and payable in full st Dace u J originally stipulated to be so paid at such time notwitl~~a aaythina is thk mort~s,e or Note to
the contrary.
iti. if the owacrship of the Property or any part thereof becomes vested io a person other than the Mortgagor, the Mortpgee stay, without
notice to the Mortgagor. dal with such successor(s) in interest with rsfeceace to this mortgage and the Note m the ame manner ss wiW 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
forbaranoe on the part of the Mortgagee or extenion for the payment of the debt hereby securt~u snail operate to ukase. discharge. modify,
chance or affect the ongrnal IiabiGty of the Mortgagor either is whole or is pari.
17. The urm: "Mort4agor" and "Mortpga" wherever used in thk irr:trument shall include the heirs, personal representatives, suottrsors
cad assigns of the respective parties; the singular number shall include the plural, the plural shall include the singular sad the use of any gender
snap include aq genders.
18. Name(:) of Mortgagor(s):
LEMOYNE SARGENT, an unmarried man
19. County in Florida wherein Property is situate cad description thereof: S t . Lucie
Lots 15 and 16, in Block 12, of PARADISE PARK, a Subdivision
according to the-Plat thereof on file in Plat Book 8, at Page
• ~ 17, of the Public Records of St. Lucie County, Florida
20. Rank or priority of this mortgage:
Third Mortgage
2t. Original amount of Note: 190 FED 27 l~ i~ ~9
$1,475.00
• Maturjt~of 1085 FItiDAkliP:CU~LtkU
.lURe 1 ly - ST.lUC1E C~UNTY.fIr.
~ ROGER POITRAS
22. Datd Mortgage and Note executed• CLERK CIRCUIT CGtf T~
i -
~ February 16 , 1980 `~-`f F^ ~rl~.!^
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E 4'T7309
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S T, ortgagor (SEAL)
(SEAL)
~ STATE OF FLOR A )
} couNTY of S t . Lucie
4 Before me personally appeared the iodividusl(:) shove described u the Mortgagor who execared the fortgging Mortgage, well kaosva to me,
and who acknowledged baton me that he (she, tbry) executed the same for the purposes `tber~p'~p,glg~aed. W ~1'I7VESS WHEREOF I have
:a my hard and official seal is said County and state the date upon which the ~ti~~ ~
1 . ? •A.
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r ~ ~ ~ • ~ r. ~ ~ _ d Florida •
My com~iod exjlre4: ~ ~
June 30 1983 BOOK PA(,f oU~ _