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Our File 5-51,560-1
12. The Mortgagor has-under the other provisions of thu Mortgage and dos hereby assign to the Mortgagee the rca4 of the Property.
provided that the Mortgagor shall, pprior to the aooekration of the mortpge indebtedaas as ehkwherc hereto provided or the abandonment of
the Property. have the nght to collect and retain such rents as they become due and payable. Upon aooeknuoa under the other provisions
hereof or the abandonment of the Property, the Mortgagee shall be eAtitkd to take possession o and manage the Property and to collect the
rents ottee Property including those put due. AU rents colkctod shall be applied first to the payment of the costs of management of the Property
and collection of the rents including but not limited to attorney': and real estate broker's fees and then to the sum secured by this Mortgage. The
Mortgagee shall be liable to aceount Daly for those rcau actually received.
13. In the event suit is instituted to foreclose thu mortgage the Mortgages shall be entitled at say time pending such foreclosure to apply to
the court having jurisdiction thereof for the appointment of a roaiver o([ the property and aU of the rent:, incomes. pmfiq, istuea sad reveaua
thereof from whatever source derived and the court shall forthwith appoint such receiver with the usual duties and wets of receivers is like
ass and said appointment shall be made as a matter of strict right to the Mortpgee sad without reference to the a~uary of the value of the
Property or the solvenry of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the ti:ht to obit i tl~appintment
of a ceoetver and consents that such appointment shall be made ss an admitted equity and as a matter of a lute M rtgaga.
14. The abstract(s) o[ title covering the Property shall at all times during the term o[ this mortgage remain is ~osaessioa of the Mortgagee
and in the event oI toreclosurc or other transfer ottitk to the Property, all nght, tick and interest of the Mortpgor m and to the abtract(s) shall
pass to the purchaser or gaates.
1 S. It any iastaUment ~f principal and interest is not paid to the Mortgages within fdtesn (1 S) days after the same becomes due sad payable
or J each and every of the Mortgagor's promises and covenants set forrtthh to thk mortg~sge and/or the Note are not fully and promptly
performed, complied with and abided by, the entire sum of principal and interat secured by this mo shall at the option of tha Mortgagee
become due and payable in full at ona as if originally stipulated to be so paid at such time notwitl~~tari iag anything in this mortgage or Note to
the contrary.
16. if the ownership of the Property or any part thereof becomes voted in a person other than the Mortgagor, the Mortgages may. without
notice to the Mortgagor. deal with such suoassor(s) in interest with rcfercna to this mortgage and the Note m the same moaner as with.the
Mortgagor, without rn any way discharging the Mortgagor's liability hereunder or upon any debt hereby secured. No sale ottee Property and no
forbearance on the part of the Mortgagee or exteruion for the payment of the debt hereby secured shall operate to release, discharge. modify,
change or affect the ongmal liability o[ the Mortgagor either to whole or in part.
17. The terms "Mortgagor" and "Mortgagee" wherever used is this instrument shaA include the heirs, personal rcpreseautiva, sutxasors
and assigns of the rcspect~ve parties: the singular number shall include the plural, the plural shall include the angular and the use of any gender
shall include all genders.
18. Name(s) of Mortgagor(s):
BEULAH P, KNOWLES, an unmarried woman
19. County in Florida wherein Property is situate sad description thereof: St . LUCle
LOT 9, in McCRAY COURT SUBDIVISION, according to t:he Plat thereof
as recorded in Plat Book 6, at Page 20, of the Public Reocrds of
St. Lucie County, Florida.
20. Rank or priority of this mortgage: ~ ~FR '9 ~ • t 9
Second Mortgage ~co~ p
21. Original amount of Note: tY.P``1?•
$1 3 75.00 ~ITRAS
Maturity o~Note: dlrC~t C
December 15 , 1986
22 Date Mortgage and Note executed:
April 2, 1980 432413
Wit
EAL)
. BEULAH P. OWLES, Mortgagor
(SEAL)
STATE OF FLORIDA ~ )u: •
COUNTY OF S t . LuC ie )
Before me persorully appeared the individual(s) above described as the Mortgagor who executed the foregoing Mortgage, well knows to me,`,
and who acknowledged before me that Ix (she, they) executed the same for the purposes therein expressed. IN WITNt>~}.~I.HEREOF I have
set my hand and official seal in said County and State the date upon which the mortgage was executed: ~`'"~rjt3~• J
l ~ -i - .
_r : Naary PatAi6,=Sta
t
My commistiott expires. ~ liR - - -
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