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Doc 14.70 #5-80,538-2 ~
;nt. 19.55 Total: 93,25
' 12. The Mortgagor hu unde~ the other provistons of this Mortgase eu~d doa hercby assi~n to the Mongaaa the rcnu oi the Property~
provided that the Mortgagor sheill. prior to the acceleration of the mortgage indebtedness as elsewherc hereia providtd or the abu»donmrnt ~
of tha Propeny~ have the ~ight to caAe~ct eu~d rctain such rents as they becoms due und pa?yable. Upon ~cceleration under the otheK p~ovisions 1
hrreof or tha abundonment of thc Property~ thc Mortgages shall be entitled to take possession of and m~nage Ihe Propetty and to coUect the ~
. re~ts of the Property l~cluding those past due. All rrnts coUceted shall be applied first to the payment of the costs of managemrnt af the `
Property and coltection of the rents inctuding but not limited to attornry's and rea! estate broker's fe~:s:s and thrn to the sum secuced by this
Mortgage. The Mortgaga shaU be liable to account only for those rents actuaQy received.
13. In the event sult is instituted to foralose this mortgage the Mortgagee shall be entitled At any time pec~ding such forectosure to appty
to the court having ju~isdlctinn theroof for the appoG?tment ot a recetver of the property and ali of the renis~ incomcs. profits~ issues and
revenues theroof from whatever source derivec! and the coun shal! fonhwith appoint such receiver with the usual dutia and powers of
recelvers in like cases and said appointment shall be made as a matt~ of st~ict right to the Mortgaga and without referena to the adequacy
of the value of the Property or the solvency of the Mortgagor or any other party to such suit. The Mortgagor he~eby walres the right to object
to the appointment of a recciver and consents that such appointment shaq be made as an admittcd equity and as a matter of absolute right to
the Morigagee.
14. The abstract(s) of title covtrieg the Propeny shall at all times during the term of this mortgage remain in possession of the Morigagee
and in the event of foreclosure or other transfer of title to the Propeny, all right titie and interest of the Mortgagor in and to the abstract(s)
shall pass to thc purchaser or granta.
tS. !f any installment of principal and interat is not paid to the Mortgagee within fiRan (1S) days aRer the same becomes due and
payable or if each and every of the Mortgagor's promises and covenants set forth in this mortgage and/or the Note are not fuUy and promptly
performcd, complied with and abided by, the entir~ sum of principal and interest secured by this mottgage shall at thc option of the
Mortgagce become due and payable in full at once as if originally stipulated to be paid at such time notwithstanding anything in this mortgage
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16. !f the ownership of the Property or any part thereof becomes vested in a person other than the Mortgagor, the ~viongagee m~y~ -
without notice to the Mortgagor. deal with such successor(s) in interest with referena to this mortgage and ths Note in the same manner as
with the Mortgagor, without in any way discharging the Mortgagor's liability hereunder or upon any debt hereby sscured. No sale of the
Propeny and no forbeazance on the part of the Mongaga or extension for the payment of the debt hereby secured sha[I operate to retesse.
discharge. modify, change or affect the original liability of the Mortgagor either in whole or in part.
17. The terms "Mortgagor" and "Mortgagce" wherever used in this instrument shall include the heirs, personal representatives~
and assigns of the rtspective parties; the singulaz number shall include the plural, the plural shall include the singulaz and the use of any
gender shall include all gendors.
18. Name(s) of Mortgagor(s):
EDNA MAE EcEASLEY. AN UNMA~tRIED WOMAN ~
i
19. County in Florida wherein Property is situate and descri~tion thereof:
ST. LUCIE
~ LOT 4 HLOCk: 8
; SUNNY AC~'cES SUE~D I V I S I ON NO . 1
~ ~CCOFcD I N~ TO THE FLAT THEF~EOF AS FtECORDED I tJ
PLAT/POOk-: 8 PAGE 2~; AND THE EAST 5 FEET OF VACATED ALLEY
ADJACENT ON THE WEST.
~ 20. Rank or priority of this mongage:
~ F I RST 77 ~ o-J
21. Original amount of Note: s~
~ $ 9,,~,~ J.~~~ Received S ayment Of laxes
- Due On Class C infangi6le Perso^- ~'•:per~y,
~ . . . i; f., Pursuan? To Chapter 71, i34, Acts Gf i9ii.
} DO+JGLAS DIXON, ~
22. Date Mortgage and Nott executed: ~Jerl~ C;rcu;t Court, St. Lucie, Co., FI~
~ AF'F~ I L ~~b , 19~7
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ps =~P~ZS~e~ ~ I 4. 7 0 j ~ '87 R~~ 21 P:53
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~ Witnesses: ~
~ (SEAL)
EDNA MAE BEASLEY
~ . .
C¢',~-Q..i (SEAL)
STATE OF FLORIDA )
COUNTY OF ST . LUCIE ) u'
Before me personaliy appeared the individua!(s) above described as thf Mortgagor who ezecuted he for origage, SveU known to me,
and who acknowledged before me that he (she. thcy) executed the same for the purposes ther ' ~ WI7NFSS WHEREOF I have
set my hand and official seal in said County and State the date upon which the mortgage ~ ~
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My commission expires: 9-$-90 • . " , ~
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