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12. The Mortpgor has order the other provisions of this Mortpge and dos hereby shsigtt fo tG`b Mottpgei t1llftaiMS tlf~tll?PttopeFty
provided that the Mortpgoc shall. prior to the aooekration of the mortpge indebtedae:s as elsewhere hppq • ' abaadoameat o~
the Property. have the right to collect and retain such rcau u they become due and payabk. Uppoo~~qq u~o~pp ppro~~vls~ions
hereof or the sbaadoameat of the Property. the Mo shall be eatitied to take possastoa ofill'il~~~tlls• t~~det`the
rents of the Property including those put due. All rcat:~~:llall be applied first to the payment of the cops olmanagemeat of the Property
sad coUectioa of the teats including but not limited to attorney's std teal epate broker's [ees sad then to the sum secured by this Mortgage. The
Mortpgee shall be liabk to account only (or those rents actually received.
13. In the event suit is instituted to foroclose this mortgage the Mortpgee shall be entitled at any time pending such Iorecbsure to apply to
1110 court having jnrisdictioa thereof fOr the ippolnlment Of a receiver Ofthe property sad all of the rents,laCOtACa, profits. rues sad revenue
thereof from whatever source derived and the court shall forthwith pp iat such rocsiver with the usual duties sad wen of receivers in Woe
cases sad said appointment shall be made as a matter of strict right to the Mottpgee sad without reference to the adequacy of the value of the
Property or tbe:olveary of the Mortpgor or any other party to such suit. The 1~lortgagor hereby waives the right to ob~eet to the appantmeM
of a rooelver sad consents that such appointment shall be made as as admitted equity sad as a matter of absolute rtght to the Martppe.
11. The abstract(:) of tick covering the Property shall at an times during the term of this mortgage remain in possession of the Mortpga
sad is the event of toreclosurc or other transfer of tick to the Property. all right, titk and interest of the Mortgagor to and to the abttrsct(:)shall
pas: to the purchaser or grantee.
1 S. It say iastslleneat of principal sad interest is not paid to the Mortpgee within fdteea (1 ~ days after the same becomes due and payabk
or if qch and every of the Mortpgor': promises and covtaaats set [orthm this mortpge and/or_tbe Note are not fully sad promptly
performed. complied with and abided by, the entire sum of principal sad interest secwod by this mo shall at the option of the Mortgagee
become due sad payabk in fop at once as J originally stipulated to be so paid at such time aotwitlb~Kat~ anything in this mortpge or Note to
. the contrary. .
16. If the ownership of the Property or any part thereof becomes vested is a person other than the Mortpgor, the Mortpgoe may, without
notice to the Mortgagor, deal with such successor(s) in interest with reference to this mortgage sad the Note in the same manner as aitb the
Mortpgor, without in any way discharging the Mortgagor's liability hereunder or upon say debt hereby secured. No sak ottbe Property and no
torbeannee on the part of the Mortgages or ezterwoa for the payment of the debt hereby secured shall operate to rckase, discharge. modJy,
change or afkct the ong1na11iabiGty of the Mortgagor either 1n whok or in part.
17. The terms "Mortgagor" and "Mortgagee" wherever used is this instrument hall include the heirs, personal rcprcseatativea, successors
and assigns of the rcspectlve parties; the singular number shall include the plural, the plural shall include the ungular sad the use of any gender -
shall include all genders.
18. Name(s) of Mortpgor(s):
Cleve A. Lee, Sr., an unmarried man
19. County in Florida wherein Property is situate and description thereof: St. Lucie COUrity
Lot 3, and the North 5 feet of Vacated alley adjecent on South in Block
98, MEYERHOFF RE-SUBDIVISION of Garden City Farms, according to the
Plat thereof as recorded in Plat Book 8, Page 26, Public Records of
St. Lucie County, Florida.
211. Rank or priority of this mortpge:
FIRST MORTGAGE ~ 2 ~ ~ Z; 20
21. Original amount of Note:
$3,675.00 Ft o~xcR~ctt~
Maturity of Note: ~ S P~TRAS
July 15 , 1986 ctollc clncur coon?
22 Date Mo 1~CORa ~'ER1F1f.0-
~ rtgrlge executed:
July 19, 19so 4934$1
This is a Corrective Mortgage given to correct the Legal Description of
that certain Mortgage between Cleve A. Lee, Sr, as Mortgagor and
Metropolitan Mortgage Company as Mortgagee, dated June 14, 1980 and
~ recorded in O.R. Book 33.3 at page 1810 of the Public Records of St. Lucie
County, Florida in which the legal description was stated incorrectly.
Florida documentary stamps are attached to the origional mortgage and
cancelled. Intangible tax has been paid.
(SEAL)
~ ~ ~ . , or gager
(SEAL)
STATE OF FLORIDA
couxnt of St . Luc ie)'~•
Bdorc me personally appeared the individual(s) above described as the Mortgagor who executed the foregoing M ~ to me,
sad who acknowledged before me that he (she, they) executed the same for the purposes therein expressed. IN Wl~io~Kibave
set my hand and official seal in said County and State the date upon w61c6 the mortpge was executed. ; .
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