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5-51,680-7
12. The Mortpgor has under ebe other provisiolts of this Mort~e and does hereby apign to the MoreZaBee the renu of the Property
provided that the Mortgagor shall, pprior to the aooekrapon of the mortgage indebtedner as elsewhere herein provided or the abandonment o~
the Property. love the right to collar and retain such renu u they become dire and payable. Upon aooekntioa wader the other provaiora
hereof or the abardonment of the Property, the Mod~gagee shall be entitled to take poesetstoa o(aad ataaage the Property and to collect the
rents of the Property including those past due. All renu oo shall be applied fun to the payment of the costs of went of the Property
and oolkction of the rents including but not limited to attorney's and ral estate broker's fees and then to the sum «tatrod by this Mortgage. The
Mortgagee shall be liable to account only for those rents actutUy received.
13. In the event suit is in:titutod to foreclose this mortgage the Mortgagee:hall be entitled at any timepeadiag such foreclosure to apply to s
the court having jurisdiction thereof for the appointment of a receiver ooft the vroperty and all of the teats. tncoma. tsrofiu. issues and rerenua
thereof trove whatever source derived and the court shall forthwith appoint such rooeiver with the usual duties and wets aI reosivers in like
uses sad earl appointment shall be made u a matter o[strict right to the Mortpgee aid without reference to the a~uacy of the value of the
Property.or the solvenry of the Mortgagor or any other party to such :wit. The ortgagor hereby waives the risht to object to the appototmeat
of a receiver and consent: that such appointment shall be made as as admitted equity and as a outlet of a ute right to the Mortgagee.
14. The abstract(s) o[ title covering the Property shall at all times d the term of this mortgage remain in poasessioo of the Mortgagee ~
and in the event of foreclosure or other transfer of title to the Property, all r' t, title and interest of the Mortgagor m aced to the abstract(s) shall
pass to the purchaser or grantee. j
1 S. I[ any irtstallmedt of principal and intue:< u not paid to the Mortgagee within fifteen (1 S) des after the same becomes due and payabb
or J uch and every of the Mortpgois pmmisq and covenants set forthm this mortpge and~ir the Note arse not fully and promptly
per[omted. complied with and abided by. the entire sum of priaapal and interest secured by this mortga~ shall at the option o~tthe Mortgagee
become due and payable in full at once u tf originally stipulated to be so paid at such time notwitlh~atading anything in this mortgage or Note to -
thc contrary.
16. If the ownership of the Property or any part thereof beoomea voted in:person other than the Mortgagor, the Mortgagee may, without
notice to the Mortgagor, deal with such successor(:) in interest wiW reference to this mortgage and the Note to the same manner as with the
Mortgagor. without rn any way discharging the Mortgagor's liability hereunder or upon any debt hereby scented. No ale 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 IiabiGty of the Mortgagor either in whole or in part.. .
17. The terms "Mortgagor" and "Mo 'wherever rued in thh urstrumeat shall Include the heir, personal represeautives, suooason
and assigns of the respective parties: the si~ number shall include the plural, the plural shall include the singular and the nse of any gender
shall include all genders. '
18. Name(s) of Mortgagor(s):
JOSIAH P. NEWTON and RUTH NEWTON, his wife
19. County in Florida wherein Property rs situate and deacripaoa thereof- S t • Lucie
South 10 feet of Lot 2, and all of Lot 3, in Block 4, of NEBRASKA COURT,
as per plat thereof recorded in Plat Book 5, at Page 48, of the Public
Records of St. Lucie County, Florida.
20. Rank or priority of this mortgage:
Second Mortgage
21. original ammount of Note: 1980 NRY AM l l~ 13
Maturity
of Ni e~ ~ FIIEO AKG Nt" 4RQEo
SL UCIEE C ~Y.FLA.
September 15 , 1986 R~Gflt P~TRA8
22. Date ldortgage and Nou executed: CLERK CIRCUIT T/>
c n ~ l_
April 23, 1980 `
~ 4~53~65
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Wltneifet: +
(.SEAL)
/f K 2 ~ Q~~ 7AH P. N ON, Mortgagor
(SEAL)
STATE OF FLORIDA ) (SEAL) 1
couNTY-oF St. Lucie)'a~ RUTH NEWTON, Mortgagor
Before me personally appured the individual(s) above described u the Mortgagor who executed the foregoing Mgttga~e; well,krari?n to me.
- and who acknowledged belprgme that be (she. they) e:ecutod the same for the purposes therein expreasodi~ ~ '1Y~~fi~tEOR I have
set my hand and official seal in said County and State the date upon which the mortpge was exewted.•~.•`~,~`~ r , ,
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.~n ;oJS
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aoo~~ PI.~iC a~+7 . ,
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My comnatsaon expires. ~ s Z `
~~9,,~ t/ : 5 ~
Abstract & Title Corp. of Florida
June 30, 1983