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12 The lrlortgagor has under the other provisions of this Mortgage and does hereby assign to the Mortgagee the rents of the Property,
provided tbu the Mortgagor sbs!!, prior to the aoakntioa of the mortgage indebtedness u elsewhere herein provtdod or the abandonment of
the Property. have the right to colk+ct and retain such rents as they become due and payabk. Uppoon aocekrauoa ut?der the other provisions
hereof or tbs abaadoamntt of the Property. the Mortgagse shall be entitled to take possession otand maaagt the Property and to collect the
rents of the Property iecluding those past due. AU rents collected shall be applied first to the payment of the costs of management of the Property
and colieetioa of tbs mats including but not limitod to attorney's and real estate broker's [tea and then to the sum secured by this Mortgage. The
Mortpgoe shall be liable to account Daly for those ants aauaUy received,
13. !a the event suit is instituted to torcclose this mortgage the Mortgagee shall be entitled at any time pendingsuch foraiosurc to apply to
the oonrt having jurisdiaioa thereof for the appoiatmeat o[ a receiver of the property and all of the rents, incomes, profits, issues and revenues
cheroot from whatever source derived and the court shall forthwith appoint such receiver with the usual duties cad powea of receivers is like
cases arrd said appointment shall bt made as a matter of strict right to the Mortgagee cad without reference to the adequary of the value of the
Property a the solreacy of the Mortgagor or nay other party to such suit. The Mortgagor hereby waives the right to object to the appointment
s t~aztz sad sus s'*c!! app~+i~ctr!rnr shall be made as as admitted eQuity cad as a matter of absolute ngbt to the Mortgagee.
Id. The abstrsa(s) of tick covering the Property shsU at all tiaxs during the term of this mortgage remain in ~ossessioa of the Mortgagee
and in the event of foreclosure or other transfer of tick to the Property, all right, tick and interest of the Mortgagor to and to the abstnet(s) shall
pass to the purchaxr or grantee.
IS. U nay installment of principal and interest is not paid to the Mortgagee within fifteen (I S) days after the same becomes due and payable
or d each and every of the Mortgagoc's promises cad coveaaats set forth is chi: mortgage cad/ot the Note are not fully and promptly
performod, oompficd with cad abided by. the entire sum of principal and interest secured by this mortgage shall at the option of the Mortgagee
become due and payable is full at Dace u if originally stipulated to be so paid at such time notwithstanding anything in this mortgage or Note to
the ooedary_
16~ U the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor, the Mortgagee may, without
eotioe to the Mortgagor. dtal w?th such successor(s) is interest with rcfcrctice to this mortgage cad the Note in the same taannei as with the
'.tortgsgor, sitloutss: any way dis_chargiug the Mortpgor's tiabiGty hercurder or upon any debt hereby secured. No sale of the Property and no
forbearance oa the part of the Mortgagee or extension for the payment of the debt hereby secured shall operate to rckast, dischuge; modify,
change or affoct the ongiaal liability of the Mortgagor either is whole or in part.
17. The teru?s'Mortgagor" cad "Mortgagee" wherever used in this instrument shall include the heirs, personal rcpreseatatives, successon
and assi~grts of cite respective parties; the singular number shall include the plural, the plural shall include the singular cad the use of any gender
sha)1 include au gtad<r~. ~y'~681
!>k Namgs) of Mortgagor(s): 1930 28 1!~ ~ S
FItEC RNC FfCOkUi D
ROBERT E.H. CULLINS and LOUISE F, CULLINS, his wife Siic~~R
OTRASA'
CLERK CIRCUIT COURj~
19. County in Fbrida wherein Property ri situate and description thereof: ST. LUCIE COU~'rfi~ ~Fpi=1EQ ~ _ _
PARCEL "A": Lot 2, in Block l~,~of SOUTHERN PINES SUBDIVISION, according
to the Plat thereof as recorded in Plat Book 9, at Page 68, of the
Public Records of St. Lucie County, Florida. PARCEL "B" : The West 1i0
feet of the following described tract: Beginning at a point on the West
~a Rack or priority otthis mortgage: line of the SE 1/4 of the SE 1/4 of Section
FIRST MORTGAGE 4, Township 35 South,Range 40 East, which
Zl_ original amount of Noce: is 395 feet North of the SW corner thereof ;
$25,275.00 thence run East 330 feet; thence run North
Natatory of Nose. 100 feet ; thence run West 330 feet to the
August 15, 1986 west line of the Said SE 1/4 of the SE 1/4
22. Date Mortgage cad Note executed:
thence run South 100 feet to the point of
August 18, 1980 beginning. Said land situate, lying and
being in St. Lucie County, Florida.
PARCEL "C" : Beginning at a point on the west
line of the SE 1/4 of the SE 1/4 of Section
4,Township 35 South, Range 40 East, which is
395 feet North of the SW corner thereof, thence run. North along said West
line 100 feet,thence run West to the East right-of-way line of North 13th
Street,thence run South along said East right-of-way line to a point 395
feet North of the South line of Said Section 4,thence run East to the
point of beginning. Said land situate,lying and being in St. Lucie County.
Florida.
w- 7 "
t (SEAL)
ROB R E.H.CULLINS, Mortgagor
(SEAL) `
STATE OF FLORIDA ~ (SEAL
couNnroF St. Lucie) LOUISE F. CULLINS, Mortgagor
Before ox persomUy appeared the individual(s) above described as the Mortgagor who executed the foregoing kpuowrt to me,
aed who aclraowledgod bdore me that be (she, thry) executed the same for the purposes therein expressed. i1~~VD~~'N~~
y~~OF 1 have
set my load and official seal in said County and State the date upon which the mortgage was executed;,`~~~'} • ~
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Pu of
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>wy es~: June 30, 1983 r
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