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12. The Mortpgor hasynder ,the.otbet rovi;ioos of this Mortgage sad does hereby asiga to the Mortgagee the reau of the Property,
provided that th4 Moctgsgdt ~1t, ppno[ to t!~ aocekratioa of the mortgage iadebteds~ess u ekewherc heceia provided or the abandonment of
the Property. have the fig!<t;la.otAlset7todr~etwstlisish rata as they become due and payabb. Uppoon aoosaMaratioa under the other provisions
hereof or the abaadoatmqeeaut p( Pro y. the Mortgaggeee s~hall be entitled to take posseasioa oiaud tip Property and to coUea the
rcnu of the Property iacludti t~ ~ tie. AU reau eolkcted shall be applied first tothe payment tiff
its- lksts of ' t attbe Property
and collection of t~~ ybstrely.itsu-tdt~oraey's and real estau broker's fees and then to the sum ux•,~uby
this Mortgage. The
Mortpgee shall be. liable to account Daly for those reau actually received. .
13. la the event suit a iastitutod to foreclose this mortpge the Mortgagee shall be eatitkd at any time pending such foreclosure to apply to
the court having jutidiaioa thereof for the appointment of a reoeiv+er of the property ar?d all of the reau. iaooraes. taroTts. issues and reveauea
thereof from whatever source derived and the court shall forthwith a t such receiver with the usual duties sad wens of reoeiven is like
cases and said appoiataaeat shall be made u a matter of strict right to the Mo~gee and without reference to the a~uacy of the value of the
Property or the solvenry of the Mortgagor or any other party to such suit. The Mortgagor hereby waives the~ht to ob~oct to the a~pot'ntareat
of a tetxtver and conseau that such appoiatmeat shall be made as as admitted equity and as a matter of absolute rtght to the Mortgagee. '
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14. The abstract(:)~of titk covering the Property shall at all times during the term of this mortpge remain in possaaoa of the Mortgagee
and in the event of foroclaurc or other transfer of titk to the Property, all right, titk and interest ottbe Mortgagor m and to the abstract(s) shall
pass to the purehs:er or goatee.
13. If say instalment c?f.prinapal sad interest is not paid to the Mortgagee within fJteen (1S) day: after the same becomes due sad payabks
or J each sad every o[ the Mortpg~r's ppromises sad eoveaanu set forthut this mortp~e sad/or the Note are not fully sad ppromptly
performed. compiiod with sad abided by. the entire:um of principal and interest secured by this mo shall at the option of the Mortgagee
become due sad payabk is full at once a: JorigiaaUy stipulated to be so paid atsuch time aotwitltsta~~
anything is this mortg~e or Note to '
the contrary. - .
16. U the ownership of the Property or say part t6ereo[ becomes vested in a person other than the Mortgagor, the Mortgagee may, wihuout
notice to the Mortgagor. deal with such successor(s) is interest with rc[crcaoe to this mortgage sad the Note to the :case meaner as with the
Mortgagor, without is say way discharging the Mortgagor's liability hereunder or upon say debt hereby secured. No sak of the Property and ao ~
forbearance oa the part of the Mortgagee or exteaaoa for the payment of the debt hereby secured shall operate to release. discharge, modify, ,
change or affect the or~nal liability of the Mortgagor either in whok or is part. _ ?
17. The terms "Mortgagor" sad "Mortgagee" wherever used is this instrument shall include the heirs, personal represenutives, suooesson
and assigns of the respective parties; the angular number shall include the plural, the plural shall include the singular sad the use of say gender
shau include all genders.
` 5~4~~ •V JO QJI L' L~ ~
18. Name(s) of Mortgagor(:): iii
SLLUCIECCCYTY.?E~, t
ROBERT E. H. CULLINS and LOUISE -F. CULLINS, his wife ciERlsccRCU~ C~,~
19. County is Florida wherein Property is atuate and description thereof: ST . LUC IE COUNT~~•^ l' t"f F ~ : _
PARCEL "A" : Lot 2, in Block 1, 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 110 feet of the
following described tract: Beginning at a point on the West line of the SE
Z0. Rank or priority of.thi: mortgsgc: 1/4 of the SE 1/4 of Section 4, Township 35 South,
FIRST MORTGAGE Range 40 East, which is 395 feet North of the SW
zl. original amount of Nou: corner thereof ; thence run East 330 feet; thence
$25,275.00 run North 100 feet; thence run West 330 feet to
Maturity of Noce: the West line of the Said SE 1/4 of the. SE 1/4;
October 15, 1986 thence run South 100 feet to the point of beginning
22. Date Mortgage and Note executed: Said land situate, lying and being in St. Lucie
October 13, 1980 .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
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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. PARCEL "IY': Begin at the SW -corner of the East
1/2 of the SE 1/4 of Section 4, township 35 South, Range 40 East, run North
330 fast to the Point of Beginning; run East 50 feet, thence run North 65
feet, thence run West 50 feet, then run South 65 feet to.the Point of
Beginning. Said land situate, lying and being in St. Lucie County, Florida.
Wi
~ (SEAL)
a~o-L~ R B E. ~ CULLINS, Mortgagor ~
_ . (SEAL)
(sue) .
STATE OF FLORIDA
CovNTY of St. ucie)"~ UISE F. CULLINS, Mortgagor-
Before me personally appeared tht individual(s) above described as the Mortgagor who executed the foregoing Mortgage, well known to me,
and who ackaowkdged before me that he (she. they) executed the same for the pntpoees therein expressed. IAi WI'8'NBSS,VKH~REOF I have
set my hard and official seal is said County and state the date upon which the mortgage was executQO.c_~'.' j•~ ' F ~ .
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My ooassiissiost t~spira: z June 30 , 1983 ~ , w~~~i •
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