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12. The Mottp~a had under the other provision of this Martpde aad'doei hereby aaisa to the Mortsasee the reau of the Property
provided that the MirtpSor shall, ppnnor to the sooekratioa at the mortp~e iadebtedaea at ckewbere herein provided or the abaadoameat of.
the Property, have the rrsirt to collect and retain sorb reau u they become due and payable. Upon aooekapoa under the other provisions
hereof or the abandoamefal,otlhe Property, the Mo w~eeee sbau be entitled to talcs poesasioa sad maaa~e the Property and to eolka the
reau othee Property iadudu~ those past dos. Ail reats~~
C~oUected shall be applied fast to the payment of the costa of auaajemeat of the Property
sad collection othhe rsitis kdtdiaS but not limited to attoraay'ssad realestate brolccr's [salad then eo the sum secured by this Mort~ase. The
Mortpjoe shall be liable to account Daly for those reau actually received.
13. la the event suit is instituted to foreclose this mortsade the Mort~a~ee shag be entitled at Say time peadins such toreclosun to apply to
the court havie~ juri:dictioa thereof for the appointment of a receiver oftbe property sad cell of the reau. incomes. arot'iu. issues sad ceveaua
thereof from whatever source derived sad the court shall toMwit6 appoint such receiver erith the wual duties sad aI reoeiven is liks
cases sad said appointment shall be made a a matter of strict right to the Mottp~ee sad without refereooe to the a~w~cy o[ the value of the
Property or the sohronry of the Mortpsor or say other party to such suit. The Mottp~or hereby waives the ritht to object to the appppwwnnttmmeea~t
of a receiver sad coaaeau that such appaatmeat shall be made as as admitted equity sad as a matter of a lute rtsbt to the ldortsasee.
14. The abgract(s) of title coveria=the Property shall at all lima during the term of this mortpde remain is poaessioa of the Mort;a~ee -
sad is the event of foreclosure or other traas[er ottitk to the Property, cep ris6t, title sad inurest ottbe Mortp~or m and to the abstract(s) shall
pace to the pu.~chater or sraata. '
1 S. U say iastaUmeat oI principal sad iaterat is not paid to the Mort~,a~ee within fJtaa (1 ~ days after the same becomes due sad payable
or J each sad a of the M~t~o~s romisa sad coveaaau set tombu~ this mortp~e and/or the Note are not sad pro
performed. comp~Led with sad abi&d by. the entire sum of priadpal sad iaterat securod by tlw mo shall at tba optima the M
become due sad payable is tul! at once u rI oripaaUy stipulated to be so paid at such time notwitl~aaytbiai in tbrs mort6a,me or Note to
the contrary.
16. 1! the owner:hip of the Propert or say part thereof baoma vested is a person other than the Mortpsor, the Mortpdee may, without
notice to the Mortpaor, deal with such suoa:sor(s) in interest with reference to this mortpSe sad the Note is the same manner as with the
Mortaaaor, without rn any way discharaiaa the Mortpaor's liability hereunder or upon any ddeebt hereby secured. No sale of the Property and no
forbearance oa the part of the Mortpaoe or extemion for the payment of the debt hereby secured shall operate to release, discbarpe, modJy.
cbaape or affect the onairul liabi4ty of the Mortaaaor either is whole or is part.
T. The terms "Mort&agor" and "Mortaaaoe"wherever used is this ias<rument:haU include the bein, personal npreseatatives, sucoasors
sad assiara of the ra ve parties; the sia~ular nuamber shall include the plural. the plural shall include the siaaular and the use of any Rsnder
shall include all leaders.
16. Name(s) of Mortp`or(sr
ERNEST T. GRIMSLEY and RACHEL GRIMSLEY, his wife
19. county in Florida wherein Property a situate and description thereof: ST . LUC IE
Lot 22, Block 1, BUNCHE PARK, according to the Plat thereof as -
recorded in Plat Book 10, at Page 18 of the Public Records of
St. Lucie County, Florida.
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20. Rank or priority of tlrle mortp~e:
FIRST MORTGAGE - 1 3 J e r
_r,r:
21. original anrouat of Note: IpO~ QCT 23 Pik 2~ Z ~ _
$13, 900.00 - "
Maturi of Note• i11E0 RNi ~rCJMf'i:0 ~ ~
ty 51. LtlCIE COUN ~ Y. rl A. : -
Se tember 15 1987 ROGER POITRt.S
pp s CLERK CIRCUIT COtlRT
22 Date 1KortpSe and Note ezocutod: -
October 11-, 1980 - 1
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ERNEST T._GRIMSLEY, Mortga
(SEAL)
(SEAL) I
STATE OF FLORIDA )a. RACHEL GRIMSLEY, MO tgagor
couNTY of S t . Luc ie) -
Hdore me personally appeared the individual(s) above described as the Mortppor who ezecrrud the fore~oia~ Mortppe, well known to me,
sad who acknowlodped bdore me tbu he (she, they) e:ecrrted the same !or the pnrpaea therein expressed. IN WI•fNES~~~?~F 1 have
set my band and official seal in said County and Snu the dau upon which the mortpaSe was ezecuud. ; -
.
sly, . ~ ~r"%.
s .
tJ~ne 3D, 1983 N0~' ' ~
M oommiaioo p+res: .
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