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12. The Mortgaaor has under the other proviiions of tha Mortpje a~d doa hereby auian to the Mortp~ee tbe reats of the Property,
provided that the Mortgagor:hall. pnor to thc aoakntion of the mort~a~e iadebted~css u elsewhue Aercin prov~ded or tde abaadonmeot ot
the Property, have the nght to coUect and rctain:uch rents u they becomc due and payabk. Upon aooekration uader the other proviiioni
hereof or the aDandonmeet ot the Property. the Mongagee shaQ be erttitkd to take possessioa ot and mawje the prop~ny ir~d to colloct the
renu of ihe Property includins thosepast due. All renq colkcted shaU be applied first to the payanent of the coats of manaseme~t ot the Proporty
and colkctioa ot ti~e rents includi~g but aot timitod to attorney's and cul estate broker': foa and then to the sum secured by thit Mortpge. TAe
Mortgaga :ha11 De tiabk to accouet only (or thae rents actwlly rooeivod.
13. ln the event suit is Instltuttd to foreclose thu mnrtoaK ~M tu1...+e.....~~u ~--•:•.-~ -- ----
the coun having~unsdict~on thercot tor the aDPointa~ent oi a rooeiver o~the property and all~uf tbe renta, i co~ profib, iss, a and revenua
thereof [rom whatever source derived and the court thall toMwith appoint such roaiver ~vith the wual dutira and powers of refleiven in like
uses and said appointmeat shall be made u a matter otstrict right to tbe Mortgagee a~d without referenoe to the adcqwcy of the vslue oitl~e
Property or the solvency ot tAe Mortaagor or any other party.to soch suit. The Mortgagor hereby waives the right to ob' p
of a rcoeiver a~d consents that such appointment shaU be made as an admitted cquity and u a matter of absolute n~ ~to the M'ort~a~et
14. The abstract(s) of titk coverin~ the Property shall at aU times durin~ the tcrm o( this mortgaae reduin ~~ ~OS~e~oQ ot the Mortp`ee
and in the event ot forccloaurc or other transfer of titk to the Property~ aU right. titk and interest otthe Mortgagor ~n and to tbe abstnct(t) ~ha1i
pass to the purchaser or gnntee.
IS. 1[ any iastallaxnt ~f principal and interest is not paid to tbe Mortgagee within fiReen (1 S) days after tbe ume becomes due and
or if each and every of the Mortgagor': promisa and coveaants set torth in this mort p=yabk
pedormed. complied with and abided by. the entirc sum ot principal and interat secured ~~ mortor t!x Note arc ~ot fully and rompUy
bocome due and payabk in full at ona u if ori~naUy stipulated to be so paid at such time notwit6sundin~g anythina ~p ttiia moK ~~ ~~~~~
the contrary. gaee or Note to
16. lf the ownenhip of the Property or any part thercof becoma vested in a penon other than the Mortgagor, the Mortgagoe may~ witAout
notice to the Mortgagor. deal with such successo~(:) in iater~st with «ferenoe to this mortgage and the Note in the same manner as with the
Mortgagor, without in any way discharging the Mortgagor's IiabiGty hereunder or upon aay debt hereby secured. No sak of the Propeny and ao
lorb~arana on the part of the Mortg~gee oc e~cttses:Qn fer the paymtnt af tlee debt hcrrby secured si~all apenie to roiesu, discharse. modity.
change or affoct tl~e original liability ot the Mortgagor either in whok or i~ part.
17. The terms "Mortgagor" and "Mongagee whaever used in this instrument ahall include che heirt~ personal rcpraentativa.:uoaston
and assigns of the rcspect~ve parties: the sin~tular numDsr:hall include tbe plunl. the plunl :lul! include tbe siagular and t!x we of any gender
shap include all genden.
18. Name(s) of Mortgagoc(s):
EL'GENE LaPRADE and MARGUERITE LaPRADE, his wife
19. County in Florida whercia Property is sitwte and dacripuon thereoL• ST . LUCIE COLRJTY
Lot 17 , Block 534 , pnRT ~T, T.tTrTF ~ cECTIOI~ TE*:, aeccr~ing
to the Plat thereof as recorded in Plat Book 12, Page 49
of the Public Records of St. Lucie County, Florida
20_ Raok or priority of this mortgaae:
FIRST MORTGAGE
21. Ori~iual amount ot Nots:
522,800.00
Maturity of Note:
April 15, 1988
22. Date Mortgaae and Note eaecuted:
- t:arch 19 , 1981
1981 NAR 26 ~; ii= 35
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EUGENE LaPRADE, Mortgagor
(SEAL)
STATE OF FLORIDA ) ~ ~ L r~~ ~ SEAL )
CoUNTYOF ST. LUCI~'~ riA.RGUE ITE LaP R q U E, Mortgagor
Beforc me ~tersonally appeared the individwl(:) abovt dacribed a: the Mortpsor w6o esecuted ~.~ '~
and w~6o acknowkdgod beforc me tbat he (tbe. ~~ :°~~` ~~~• ~U knowm to me.
t6eY) esecuted tbe ame tor tbe Pu~P~s ~..pd4~Ned. Tl~i WITNESS WHEREOF I 6ave
iet my hand and oR'uial ~eal in uid County and State the date upoa wbicb tbe mortp~e;wiy~e~boute~ ~ '
. _ .'c~.' ,~7~
My commis~ion expira:
June.30, 1983
r~~;35~ P~~.211