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12. The Mortp aa tw, unde~ ~he o~her provi~ion~ ot ~lw Morcpse ard doa bereby aaisn co ~be Monpsee cb~ na~ ot ~he Propercy.
providod that tAe Monp~or shall~ pf10~ !O lI1C i00CICqlIOA OI lbE dl0lta=0111~Id~C~Mii ii CItCM-IICft IltTilp ptOV1d0~ Ot tAC ~bifldORIACQI Of
the PropeAy, Aave the ri~ht to colkct and reuin ~ucb rcats u tbey bxoa~e due aad pay~bk. Upon aooeknuoa uade~ the othe~ provisioas
herco( o~ tfie sbandonment oi the Property. tbe Mo shall be eatitled to take poae~sion o! and aunsse tbe Ptoperty aad to coUect tbe
ns e
rents otthe Property i~cludia ~hose~ast due. Atl rc~ts co ~aU be sppliod fust tolhe payment of ibe ca4 of man~jement ot the Property
and colkctioa of tbe rcnts ~nc~uding but aot Gmited to attorneyy aud ral atate pwke~'s ka aad tAen to tbe tum iccured by t!w Mo~tp~e. Tbe
Monp=ee shaU be liabk to aaount only tor tho~e repu actwlly roaiv~ed.
13. la the eveat:uit is iattituted to ioreclwe this moryafe tbe Mortp~ee sbW be eetitkd at aay time peadinj such foteclosure to apply to
the oourt havinj jurisdiaion thercot for the apRaatmeat of s reoeiv~er of the property aad aU o! the reats, ~acoma. vrotits. iaues aud nvenua
" tbereoi irom wlutever soura derived a,nd the court ~haU toMw~iW appoiat sucb teoeiver witA tbe usual dutia aadpowen ot reoeivers in 4ke
caus and s~id appointment sAaU be made a~ a matte~ ot ttci¢t rijht to tbe Mo aad ~rithout referenoe to tbe ~dequaey at tBe value of the
si
Property or the solvency of the Mortaa~or or aay otder psrty to sucb suit. Tbe ortaasor bereb ~raiva tbe ri~ht to ob' to the appoiatnient
o! s recerver a~d cor-ienu that aucfi appoiata~eat ~uU be made at an admitted eqwty aad u i matur o! a6soluu n~ht to tbe Mortaa~oe.
11. The alntact(s) o[ titk caverins the Property shsU at all tima dwin~ tbe tenn ot thi: mortp~e remaia ia poatuion of tbe Mortpsee
aad ia the evcnt of torcclosurc or other traaster ottitk to tbe Propetty, sU rijht~ titk and iatecat o(tbe Moctp=or ~n aad to the abstract(:) thall
psss to the purchaser or gnnta.
! S. I( aay i~utaUment ~f priacipal and interat is aot psid to tbe Mott~,~ee ~vitbia fdteen (1 S) day~ dter tlx ume bocoma due aad psyabk
or it a~ch and every of the Mortpg or': promi~es aad oov~eatats ut torth 'w tlw mortp~e sad/or tbe Nou are aot tully aad promptly
pedormod. compliod with and abided by, the eatire:um of priacipal aad int~e~at ~ecured by tds mottp~e shaU at the option ot tbe Mortpaee
become due and payabk in full at onoe u J oripaally itipulated to be w paid at ~uch time aotrvitAstaadias anythin~ in this mortp~e or Note to
t6e coatwry.
16. If the ownership of the Property or sny part thereof be~ama vatod in a perwa other t6aa the Mortpjor. the Mortp~ee may. without
notioe to tlx Mortgagor. deal with such auoas:or{~) ia interat w~itd refercaoe to tl~is mortp~e aad the Note in the ume m~noer a with the
Mortpgor, witfiout in any way discharging the Mortaaaor":liability hereunder or upon aay debt hereby iecurod. No ale of the Propeny and no
forbearanoe oa the pirt of the Mondagee o~ eatenuoa for tde psyn-ent ot the deM hereby tecured ~a11 opente to rdau. discharje. modity.
chanae or affoct the ong~nal liability of the Mortpaor eit6er in ~rhok or ia part.
17. The terms "Mortaaaor" and "Monga " wherever uted in this instrument s6aU include the beirs. persooal represeatativa. sucoesson
aad usigns of the cespective parties; the sin~ numeer a1~a11 include the plural, the plural tAall include tbe ueaular aad tbe we of any seader
shaU iaclude all gec-ders.
18. Name(s) of Mortgaaor(s):
NITA Y. PREECE, formerly known as NITA Y. JOHNSON,
joined by her husband WILLIAM K. PREECE
19. County ia Florida whercin PropeRy is situate aad description tLereot S~, L U C I E C OU N T Y
Lot 9, Block 760, PORT
-to the plat thereof as
thru 17K, of the Public
20. Rank or priority of this mortg~ae:
SECOND MORTGAGE
21. Oripaai amount of Note:
$9,400.00
Maturity o[ Note:
April 15, 1987
22. Dau Mortpae and Note executed:
December 20, 1980
1930 0~~ 30 PK ~~ 6
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s~. ~oci~ cow+: Y. F; a
~pG~R POt ~ FI.S
CLEttK CI~L~~T Cn:~kt ~
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5~ 1.933
ST. LUCIE, SECTZON EIGHTEEN, according
recorded in Plat Book 13, Paqes 17, 17A
Records of St. Lucie County, Florida.
wrtna~a: ~~ ~
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.
/1/ t~^'~uww /t • '/..c.LlC '
(SEAL)
WILLIAM K. PREECE, Mortgagor
- ~ • (SEAL)
O • (SEAL)
STATE OF FLORIDA ). NITA Y. E , Mortgago~ '
COUNTYOF St.Lucie )~ '*~ ~ = '~•
'.:•i~-nu,;
Be[orc me paROaaUy appearod the individual(s) ~bove dacribed as tbe Mortp ~ e tjle [o~e~oin~ Mortpje. rreU know~e to me.
and w~ho ukaowbd~ed belorc me that !x (s6e, they) eaauted the ~aa~e (or ~~~ jpiisjed. IN WITNESS WHEREOF i hzv~e
,
~et my haad and official ual in ~sid County and State t6e date upon w'hic~i. ., wi`S~ec~ked-
.
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My commiuioK eftpra: Ju n e 3 0, 19 8 3 .~~C p i ~': +'~ .
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