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5-53.323-2
IZ. The Wortps gor has under the other provisionu of this Mottpge and dos hereby wip to the Mortppe the rcau of the Property,
provided that the Mortpsor shall, prior to the aooekradoa of the mortp~e iadebtedaeaa u ebewhere herein provided or the abaadoameat of
the Property. have the right to polka and retain such recta u they become due and payabk. Upon aoceknuoa under the other provisions
hereof or the abaadoamtat of the Property. the Mortppe ~ ~ ~ atlod to talcs poaaasioa of sad maaa~e the Property sad to ooUa;t the
rents of the Property iacludina~g tho~ae put due. AU reau oa ppliod Drat to the payment of the cats of ~a~emeat of the Property
and collection of the rears including but not limited to attorney's sad real estate broker's fees sad then to the sum s~ Frei by this Mortpse. The
Mortpgee shall be liable to aooouat only [or those renla actually received.
13. In the event:uit is instituted to foreclose this mortpp the Mortppe shall be entitled at say time pending such foreclaure to apply to
the court having jurisdiction tbcreotfor the appoiatmeat of a receiver off the Property sad cell o[ the reau. iocoma. motifs. iauea sad revenues
thereof from whatever source derived sad the court s1uU forthwith appaat such reoaver with the usual duties sad wen of reoriven is like
cases and said appoiutmeat shag be made u a matter of stria right to the Mortppe sad without cefereoce to the a~uacy of the value of the
Property or the solveary of the Mortpgor or say other party to such suit. The Mortpsor hereby waives the ri=ht to object to the appoia~~
of s roeetver sad consents that such appotatmeat sluU be made u as admitted equity sad u a matter of a lute nght to the o
14. The abstract(s) of title coverins the Property dull at aA times during the tens of this mortpge remain is poaewioa o[ the Mortpgoe
sad is the event of foteclaurc or other trarufer of tick to the Property. aU right. title sad interest of the Mortpgor m sad to the abstract(s) shall
pass to the purchaser or gnatee.
1 S. If say iruWlmeat of principal sad interest u not paid to the Mort~ape within ttheea (1 S) Jaya Jter the acme becomes due sad payable
or J each sad every of the Mortp~or": Promises sad ooveaaau set forthta this morys~e sad/or the Note are not tally sad promptly
performed. complied wiUt sad abided by. the entire:um of principal sad interest secured by tltia~~~rtp~e:hall at the option ottbe Mortppe
baome due and payable is full at pace ss itoriptully atiputated to be so paid at such time aotwi mi anything is this mortpge or Note to
the contrary.
16. If the ownership o[ the Property or say part thereof becomes vested is a person other than the Mortgagor, the Mortppe may, wihuout
notice to the Mortpgor, deal with such sucoasor(s) is interest with reference to this wortp~e sad the Note is the same manner u wiW the
M ortpgor, without m any way discharging the Mortpgor's liability hereunder or upon say debt hereby secured. No sale of the Property sad no
forbearance on the part of the Mortpgee or ettensron for the payment of the debt hereby secured shall operate to release, discharge, modJy.
changt or aRea the on~nal liability of the Mortpgor either is whole or is part.
17. The terms "Mortgagor" and "Mortpgee" wherever used in this iastrumeat shall include the heir, personal rcpreseatatives, successors
and assigns of the redpectrve parties: the singular number shall include the plural, the plural:hall include the nagular sad the use of say deader
shall include au genders.
18. Name(s) of Mortpgor(s):
ROY LEE McGRIFF and JANICE A. McGRIFF, his wife
19. County in Florida wherein Property u situate sad description tbereoL• ST. LUCIE COUNTY
Lot 187 of SHERATON PLAZA, iJNIT THREE, REPEAT, according to
the Plat thereof as recorded in Plat Book 16, page 12 of the
Public Records of St. Lucie Countq, Florida
20. Rank or priority of this mortgage:
SECOND MORTGAGE -
21. Original amount of Note: . ~ ~ i - ~ ~ ~
$6,150.00
Maturity oI Note:r :1.E0 ~~n ca~tn n
October 15, 1986 s~.u;~tEl.cu:+sY.Fta
it(!GER PUITFAS
22. Date Mortgage sad Note executed: CCrF.f. C:~CL'II CrL':.- yll
October 1, 1980
SU258S
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Wi ~ 9 ,
y / (SEAL)
R LEE McGRIFF, Mort r
(SEAL)
.
STATE OF FLORIDA ) ~ ~ ~ ~ (SEAL) t
couNTY of St. Lucie )u' ANICE A. McGRIFF, Mort~g
Before me personally appeared the individual(s) above described u the M who euectrtod the foregoing Mot{rsje: t~ Itgowa to me.
and who acknowledged before me that be (she. thty) executed the same for the purposes therein a:pnaaed. IN W1TN~`SrOP l love
,
set my hand sad official seal is said County and State the date upon which the mortpge was esewted ~
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My ~ ~ ~ June 30, 1983 Q ' °
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