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5-52962-8
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12. The Mortg~or has under the other provisions of this Mortgage and doiQ bareb~ aisiga to the Mortgages the testa of the Property
provided that the Mortpgor shall, prior to the aooekration oaf the nwrtpge irdebtedaea ss elsewhere herein provided or the abandonment o~
the Property. have the right to eo and retain such renu as they become due and payable. Upon aooekauoa under the other provisions
hereof Or the ibaadonment Of the P[Operty, the Mor~tpsee :hall bE Cntilled to ta1cQ possesuOn of and manase the Property and to collect the
rents of the Property includiu~ those put due. All rents co ed shall be applied first to the payment of the costs otax~b~this Mom
and collection of the rants including but not limited to attorney's srd ral estate broker's foes and then to the sum rtgage. The
Mortgagee shall be liable to account only for those rents actually received.
13. la the eventsuit is instituted to foreclost this mortgage the Mortgagee shall be entitled at nay time pending such foreclasttrc to apply to
the court having jurisdiction thereof for the appointment oIa rooe«ver o the property and all of the rests, incomes. ptOflti. issues and revenues
thereof from whatever soura derived and the oonrt shtll forthwith appaat such receiver with the wual duties and ppoower of rcoeiven is like
cases and said appointment shall be made as a matter of strict right to the Mortp~ee and without reference to the adequary of the value of the
Property or the wlvency of the Mortgagor or any other party to such suit. The 1ortgagor hereby waives the right to object to the appotntment '
of a reoerver and consents that such appaatmeat shall be made ss as admitted equity and sa a matter of a lute right to the Mortgagee.
14. The abstract(s) of title covering the Propecty:baU at cell lima during the teen of this mortgage remain in poaes:ioa of the Moctgaga
and in the event of foreclosure or other transfer of title to the Property, all right, title and interest of the Mortgagor m and to the abstntct(~) shall
pass to the purchaser or grantee.
1 S. If any it~staUmeat c?f principal and interest is not paid to the Mortgagee within ftReea (1 ~ days after the same beooma due and payable
or if each sad every of the Mortgagor's ppromises sad coveoaat: set lortti in this nwrlgage and/or the Note are not fully and ~ompely
performed. complied with and abided by. the entire sum of principal and interest secured by thisU~saortpge shall at the option of the Martgagx
become due and payable in full at once as tf originally stipulated to bete paid at such time notwi mg anything is thu 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 Mortpgee may. without
notice to the Mortgagor. deal with such successor(s) is interest with reference to this wortgage and the Note in the same manner as with the
Mortgagor. without m any way discharging the Mortgagor's liability hereunder or upowauy debt hereby secured. No sale of the Property and ao
forbearance on the part of the Mortgagee or extea:,on for the payment o[ the debt hereby secured;haU operate to rcksse, discharge, modify.
change or affect the ong~aal liability of the Mortgagor either rn whole or is part.
17. The terms "Mortgagor" and "Mortgagee" wherever used in thk instrument:hall include the heir, personal rcpreseatativ+es, suooeaors
and assigns of the respat~ve parties; the singular number shall include the plural. the plural shall include the singular and the use of anygender
shall include all gender. -
18. Namc(s) of Mortgagor(s):
FRANCIS E. BLALOCK and PATRICIA A. BLALOCK, his wife
19. County in Florida wherein Property is situate and description thereof ST. LUCIE COUNTY
Lot 17, Block 3227 PORT~ST. LUCIE, FI.ORESTA PINES, UNIT TWO, a
Subdivision according to the Plat thereof, as recorded in Plat Book 16, ,
page 37 and 37A-through 37C of the Public Records of St. Lucie County,
- _ Florida
20. Rank or priority of this mortgage:
SECOND MORTGAGE
21. Original amount of Note: ~ _ _ -
$7,050.00 ~ - - -
Maturity of Note: - R 1980 SEP -8 AN !it 48
December 15 , 1986- - _ : ' e ~ L ~ -
22. Date Mortgage and Note executed: - ST
Ll
C~tE~Cl~1TY
FLA.
Rt)GER-p01tRA5
August 25 , 1980 - CUam cl~T '
~ Rf.CGRp\ERiilt~~
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- 4~i855'7
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Wi
C • . or gager (SEAL)
(SEAL)
(
STATE OF FLORIDA ) EAL~
couNTY of St. Lucie)u' PATRICIA A. B CK,I~ortgagor
Before me personally appeared the individual(s) above described as the Mortgagor who eaocuted the for~pinj ~reU ktwwn tome,
. .
and who acknowledged before me that he (stx, they) executed the same !or the purposes therein ex , . WHEREOF l have
set m hsnd sad official seal is :aid Coun and State the date u n which the
y ty po mortgage waste -
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My a`p""' Juue 3Q, 1983 - f~ ~
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p~ X19 - -
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