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!2. The Mortgagor has wrier the other provisions of this Mortgage and does hereby asript to the Mortgagee the reuu of the Property
provided that the ortpgor shall, prior to the aocekradoa of the mortgage irdebtedaas ss ehnMrbere herein provided or the abandonment o~
the Property. have the right to collect and retain such teau as they become due and payabb. Upon aooderation under the other provipom
hereof or the abandonment of the Property, the M rc~sgee shag be entitled to take Fassasioa of and manage the Property and to collect the
reau of the Property includinagg these put due. All rerttsa ooileaed shall be applied fast to the payment of the cats of maaa~ement of the Property i
and collection of the nou including but not limited to attorney's and real estate broker's [ea and then to the sum seemed by this Mortgage. The
Mortgagee shall be liable to aeoouat only for those renu actually repaired. ~
13. la the event suit is ia:tituted to foreclose this mortgage the Mortpgee shall be entitled at any time pending such foroclosuro to apply to I
the court having jurisdiction thereof [or the appointment o[ a receiver of the propuhr and all of the rent. incomes. tuohu. issues and eeveaua
thereo[ [tom whatever enure derived and the court shall foctberiW appeal such receiver with the usual duties and power of receivers is like
cases and said appointment shall be made as a mater o[ strict right to the Morys~ee and without rdereaoe to the adequary o[the wdne o[ the
Property or the solvency of the Mortgagor or any other party to such suit. The IrIirtgagor hereby waives the n'~bt to ob~eet to the appo~n
of a reserver and coaseau the such appointment shall be made at an admitted egwty and as a matter of abaoluu r>gst to the Mirtpg~ee.
14. The abstraa(s) of tick covering the Property shall at aA times d the term of this mortgage remain in poaession of the Mortgagee ,
and is the event of foreclosure or other trart:fsr of title to the Property. all r' tt, title and interest of the Mortgagor m and to the abstract(s) shall
pass to the purchaser or grantee.
1 S. U any iastallmeat of principal and interest is not paid to the Mortp~ee within fJteen (1 ~ days after the same becomes due and payable
or J each sad every of the Mo~tgagor"s promises and covenants set forthm this mortgage sad/or the Note an not tttlly and pcomptltr
performed. eompliod with and abided by, the eagre sum of principal and interest socneed by thn shall u the option a[ the Mortgagee.
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tboco~ due sad payable- is full at one as it oripaaUy stipulated to be so paid at such time anything in thi: mortptge or Note to
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16. if the ownership of the Property or say part thereof becomes vested is a person other than the Mortgagor. the Mortgagee may, without ~
notice to the Mortgagor, deal Muth such au00effoi(i) In IatCfesl with [efeteace t0 this m0 sad the Note in the same meaner as wiW the ;
Mortgagor, without in say way discharging the Mortgagor's liabi4ty beceuader or upon say debt herby secured. No sale of the Property sad ao i
forbeanna on the part of the Mortgagee or exteruion for the payment of the debt hereby secured shall operate to release. discharge, modify.
change or aRect the ortgrnal liability of the. Mortgagor either in whole or is part.
17. The terms "Mort$agor" and "Mortgagee" wherever used in this instrument shall include the heirs, personal representatives, stroowon
and assigns of the respective parties; the singular nwnber shall include the plural, the plural shall include the singular sad the use of any gender
shall include all genders.
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18. Name(:) of Mortgagor(s): -
Cleve A. Lee, Sr. an unmarried man
19. County in Florida wherein Property is situate and da~xiptioii thereof: St . Lucie COUnty -
Lot 3, and North 5 feet of vacanted alley adjacent on south in Block 98,
of the Meyerhoff Re-Subdivision more Particularly Described the Garden
City Parks, in Section 5, Township 35 South, Range 40 East; said above
described Property being also recorded in Deed Book 157, at page 248, of
m. Rank or priority of this mortgage-. the Public Records Of Saint Lucie Florida as well
First Mortgage.. as in Deed Book 219, page 395 of the Public records
21. original amount of mote: of the above named County and- State.
$3;675.00
Maturely o[ Note: _ _ _ _ _ -
July 15-, 1986 ~ - . - - - . . .
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22 Date Mortgage and Note executed: ' . _ ~ - 2~} ~ 2: /{0
June 14, 1980 . - : r = ' ~ ~ Q 5. 5 ~ FILED Al1D F.EC9
S>:41lCI~COt~TY. ~A.
_ _ _ l~ERK
CIRCU~IvrTiiCRR
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_ ~ F.rCp41 YEAIflfl?_
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~ 490'712
Witnesses:
_ ~ (SEAL) 1
F Cleve Lee, Sr. Mortgagor i.
: ~
(SEAL)
E
STATE OF FLORIDA ) .
couNTY of St ..Lucie
Before me personally appeared the individual(s) above described is the Mortgagor who execuud the ta~oiog Mortgage, well known to me,
sad who acknowledged before me that he (she. they) executed the same for the pwposes therein" „1~N WITNESS WHEREOF I hays
I set my hand and official seal in said County snd State the date upon which the mort~
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