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5-54,908-9
12. The Mortgasor has under tl~e other provisiona ot this Mortpae and does hercby assiga to the Mort
provided that the Mortgagor shall. Prior to the aooekration ot the mo ~~ ~~ rcn4 of the Property.
the Propeny. hsve the right to colkct and rcuin such rcnu a: lhey bec~ome~ due a~ wy bk. Upo aooolenpon und ~rthe othe~p ovi:ions
hercof or the abandonment o! the Propeny, the Mongaga shaU be entitkd to take posscuian of and manage the propeny ~nd ~o colkct the
re~u of the Propeny iacluding thosepu t due. All rcnu coUected shall be appGed fint to the payment ot the cosu of management of tbe Property
and colkction of tbe rents ~ncludiag but not limited to attorney's and real estatc broker'a fea and theo to the aum securod by thi~ Mortpae,'Il~e
Mortgagee :hal1 be liabk to account oaly for those rents actwUy rcceived.
13. [~ the event suit is instituted to foreclose ~hi: ~+..~..,...-.. u........~ _._.. ~- -- -•-. .
-' ~_`==':~_~: v= _::::::_~ ~- a~~y ~~~uc penaina suca forcclosurc to apply to
~ne coun i~av~ng~unsd~aion thcrcof fot the appointnxat of a receirer of the propertv snd all of the rents, iacoma, profib, iuues aad revenua
thereof from whatever wura derived and t!x court :hall forthwith appoint such reoeiver witb thc usual dutia and powen of reoeiven ia like
css~s and uid sppointment shall be made u a matter otsuia right to the Mortgsaee aad without refereaoe to the adeqwcy of tl~e value ott6e
Property or the solvency of the Mortgagor o~ any other party to tuch suit. The Mongagor hereby waives the right to ob~ect to the ap'ointment
o! a rcoeiver and consents that such appointment ahall be made as an sdmitted equity and as a matter otabsolute nght to t!x Mortga~es.
and in the eventt i fosrcclosurc or other~transfer of t k o the Protperty all righthtitle nd inherost of t~1~e~iNOr~t=~~ ~n ~~~On of the Mortgagoe
pus to the purchaser or grantee. Sagor m and to the abstact(t) thap
1 S. 1[ any iratapment ~f priacipal and interut is not paid to the Mortgagee within fdteen ( I S) days after the ~ame becoma due and payabk
or if esch and every o( the Mortgagor'a promixs and covenanq set (ottb ia tAis moctgage and/or the Note are not [u11y and promptly
performod, complied with and abided by, the entirc sum of principal and interat aecured by thu mortgage shall at the option of tbe Mortgagoe
become due and payabk in full at once as if originatly stipulated to be so paid at such time notwithstand~ng apy=hi~a ~4 thu mortgage or Note to
the contnry.
16. If the ownership of the Property or any part thereo( becoma vested in a penon other than the Mortgagor. the Mortgtaee may~ without
notice to the Mortgagor, deal with such succcssor(s) in intercst with rcference to this mortgage and the Note in t6e ume manner as with the
Mortgagor, without in any way discharging the Mortgagor's liability hercunder or upon aay debt hereby sawred, No ~k of tbe Property and ~o
chabear o afkct he ori ~nal I' b I t of~tAe Mort ~an for t!~ p~yment of tt~ debt itierrby securcd ahr~li operate to rekase. dischar~e. modify.
~ ~ Y $agor either ia whok or in paR. ,
17. The terms "Mortgagor" and ~Mortgage " wherever used in this instrument ahall include the heirs. penonal nprcsentativa, suoassors
and sssigns of the respecave parties; the singular number shall includc the plural. the plural shaU include tbe tingular and the uae of any geader
shaU include all genden.
18. Name(s) of Mortgago~(s):
~~tICHr\1:L J. liICKS and EI.SI1: ~1ARII: 1tICKS, his ~tiife
19. County in Florida aherein Property is sitwte and dacripuoa thereoL• S T. I. U C I I: C(1 U X T 1'
I.ot "l7, Block d56, POR7~ ST. LUCIF. SIiC"I~IO~ Ti:ti accordin~
to rhe j~lat thereof, ~is rccar;;~u :;, P2at Hook~I2, Pa~es
49 and 49t~ thi•oukh ~39G, of the Public RecordG of St. I.ucie ~
Count~~, Floi-ida: -
20. Raaic or priority of this mortgage:
SECOND I~fORTGACI:
2,. a;~~ .mo~~ or rro~:
S=~,o25.00
Matunty of Note:
.luiy is, l~s~,
22. Date Mortgaae and Note executed:
.~tarch Z 1 , 198 i
19£I M~° 26 F':-' ;!~ ~8
iil Ef ~!+: ~` `•.~:~~ f :
il LUf.li Cr:Uti" Y.f i:•
R('CfF F'tl'(~:.5
L:~i.:t ~!~ ,.:t:; r":o.'~
,. . . - ~' -
;
5~1`752
v ~ . -: ;
' ' (SEAL)
~fICf t\Ei. .1. I~I .KS, ~iort~;agor
, (SEAL)
Z ~~`;`~~ (SI:AI.)
:I.. IE ~~tr ; tiICKS, tfortgagor
~Orc ~ a~O~uy ~PPa~'Od -he ~nd~vidual(~) abov~e dacribod u the Mortasjor wr6o esocuted t6e fore o" Mort
and w6o actnowkdged before ~e t6at Ix (sbe, ~~ ~• *"~ll ~~ to me,
theY) executod tbe uax for tbe purpoiea tberein expres~ed. tN WI1'NF.SS W HEREOF I bave
iet my hand and officisl ~eal in uid County and Sute tbe date upoa w~hich tbe mortsaae was e:ecutod. ~1
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. 0 11c~ $ta/c
My commiuion-exP~~ .June , 30 , 1 ~ 3 3 ~; ~
~ . , ~ ~..~x 351 ~~~E 221
=.~ 1.:
STATE OF FLORIDA )
COUNTY OF St . I.uc ie ~u~