HomeMy WebLinkAbout0841 18r Boiro~r ~'~qM td 8~3t~lto~. Notwithstanding Lender's acceleration qf tl~e sun~a secureci by this ~lort-
gage, Borrowe4~ s1~a11 have the fiight'to have any ~iroceeclings 1?egun by -I.eader to enforce thia \IortRage diFCOn-
tinued at any time prior to entry of s judgment enforcing thia Mortgage if: (a) Borrovrer pays I.ender all sums
which would be then due under thia Mortgage, tl~e Note aod notea securing Future Ad~ ances, ii any, had no nccel- ~
emtion occurred; (b) Borrower cures alt breaches oi any other co~enantR or aRreen?enta of Borrow•er contained in
tfiis Mortgage; (c) Borrower psya all reasonable cxpeneea incurrecl I~y I.endcr in eniorcing the covenanta and
agreementa oi Borrower contained in thia Mortgage and in cnforcia~ I.ender'a rrii~ediee as pmvided in psragraph
18 hereof~ including~ but not limited to~ reasonabic attorney's ices: sncl (dl Borrower tslccs aucl~ action 8a Lender
may reaaonably require to assure that~ the lien of tl~is ~Iort~agc. I.ender ~-intereat_in tl~e Pro~~ertv A~d Borrower's
obligation to pay the suma secureci by this ~iortgage sl~all continue at~impaireci. Upoo auch payment and cure by
Borrower~ this ~iortgage and tl~e ol~ligations se~c~,ired I~crel~y ~l~all reniain in full torce and eliect ~ts if no accelera-
tion had oceun+ed. .r
20. Assignm~nt o! Renb: Appoiaim~at of R~coiv~r. As additional securit~• hereunder, Borrow~r hereby
assigas to I.ender the rents of the Property, provideci tl~at Borrower ~I~all, prior to acceleration under paragraph
18 hereof or abandonment of tlie Property, ha~•c tl~c riqht to collect and mtain sucli rents as they become due and
payable.
IIpon acceleration under paragrapl~ 18 l~ereof or sl~andonment ot ti~e Property, T.ender shall be cntitled to
have a rECeiver appointed by a court to enter uron, tske pbssession of an~l manage thc-Property and to collect the
rents of the Propetty, including thosc ~~ast due. All rnnts coilecte~l l~v the recei~~er sl~all l~e applied first to psyment
of the coets of management of the Pmperty and collection of repts, includin~, I~ut not limited to, receiver's feea,
premiums on reeeiver's bonds and reasonAble attorney's fePS, ancl then to ti~e sums secureci bv tl~is '_1lortgaqe.l'he
receiver shall bc liable to account only for those mnts actually recei~~ed.
Zl. Futurs Ad~anc~s. Upon request by BorroH•er. I.ender, nt I.ender's option Hithin twenty years from the
date of this ~tortgage, may make Future Acivance~ to Borro~~•er. SucL Future Ad~•unc~, ~ ith interest thereon. ahsll
be secured by this Mortgage ~vhen evidenceci hy promi~sorv notes stating that ~xid notes am secured hereby. At no
time shall the principal amount~ of tl~c indebtecinc~. ~eciired _ i?y this \iortRaRc. not including sums advanced in
aceordance herew ith to protect the security of thi~ \tortga~e, excced the original amount of the Note plus
U$:---------- -
2Z. Release. Upon payinent of all s s cureci b~ thi~ ~iortgage, T.cndcr shall relcasc this ~tortga~e without
charge to Borrower. Borrower shal) pa all c t~ of recordation, if anv. .
IN WITNESS WHER80F~ Bor owe as executed this Mortgage.
Signed and d ered
in the r ence of
t ( • C~t..w.. ~ - - - - Seall
ougl Veach Borro~eT
.
` ~ , ' ~
- v - (Seal)
- . - ~ ~.e=~a:C1/'
3ac eline E~~ `Ve8Ct1 -Borro~rer
~_40 _~IQxthties~_AirQaQ __Raulevar~-----------------
Pnrt_~t.-.Lucie,--Flerida~----------334.52-----
~P~Y Addr~s
j STATEOF~l~~ ----------._~l~ - COUIIL~ 3S:
~
i I hereby certif~ tLat on this da~•, before me, aii officer dul}- autl~orized in the state a€oresa' a~i . ~
~ in the county aforesaid to take Acknowledre~nents, pei~xonallv appesi•ed J, DOUGI.AS VEACH d ;
JACQUELINE._E,.. VFACH, _his. W~f~me known to be the person(s) described in ancl who ex ted t - ~
foregoing instrument and acknowledged beforc ~nc that theq executed the samc for tli pur .
~
tl~erein expressed.
~ ~'Vrr my hand and ofi'icial seal in the count~- ~~nd st~te e d this . 2 da~ of
- 19 - 74 • ~
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~iy Commission egpires: Lifetime ( ' ~ • ~
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~ \Totar~ Publir. .f.
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Ri~h3r~ F. Sci~~it~t~''~~~'
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iltE~ ~NO F.:~QRDEO ti~T:~3'/ °J3ii{- ST~~ 0'c.0li10
ST. LUCIE COUkTY FIA. ~!r;T~s,ti~ (0!,~; I-SSTU1~i_ _ ~ ~
ROGcR POITRAS : C
CLERK C~RCUIT COURT ` _ ~ ' ' ' ; ~
I . tir{G. ' r,
RECORO vERIF1E0 .
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