HomeMy WebLinkAbout1085 # s'91
18. Bor~ow~i
s&qht to R~iastat~. Notw•itl?standing l.ende~'~ acceleration ui tl?e suma becured by ti?is \fort-
gage~ Borrower shall have tl~e right to 1?ave xny ~?roceeciings I,egun b~• I.ender to enforce thib \lortgago discon-
tinued at any t~in~e prior to entry ot a judgment enforcing tliis \Iortgage if: lal Borrower pays l.ender all aums
which would be then due under this ~tortgsge, tl?c Note and notes securinR Future Advanccs, ii any~ had no accel-
eration cecurred; (b) Borrower cures all breacl~es oi any otlier covenant~ or agrcen~ents ot Borrovrer contained in
this ~iortgage; (c) Borrower pays all reasonable expenses incurrecl by t.ender in enforcing the co~~enants and
agreements oi Borrower contained in this ~iortgage and in enfomin~ I.ender's mn~eclics as pro~•ideci in p~ragraph
18 hercof, including, but not limited to~ reasonable altorne~'s fces; ancl Icl) Borrower takc. sucl~ action ns I.ender
roay reasonably require to assure that tl~e lien of tl~is ~tortgagc. I.cndcr ~ i~temst in tlie Yro~~crty and Borrower's
obligation to pay the sums seeurect by this ~lortgage shall eontinue unimpaired. L'pon sueh payment anci eure ~y
Borrower, this ~iottgage and the obligation~ securc~i hereb~• shall mmain in full ~force and e~'eet as if no accelera-
tion had occurnd.
20. 1~Sigament o! Ren4; Appointment of Roceiver. Aa ~ddilional ~ccurit~• hereunder. Borro~~er l~ernb~•
ussigne to I.ender the rents of the Property, nrovideci that Borrower shall, ~~rior to acscleration under paragraph
18 hereof or abandonment of the Propert~, ha~•e thc right to collect an~1 mtain such rents as they I~ecome due and
payable.
' Upon acceletation under paragraph 18 hemof or abandonment of ti~e Property, I.ender shall be entitled to
have a reeeiver appointeci b~ a court to enter i~pon, take pacsession of and manap,e the Property and to collect the
rents of the Propert~ , including those ~~ast ciue. All rents collectcd 1~~ tl~e recei~•er sliall l~e aprlied first to papment
of the costs of management of the Proi?erty and collection of mnts, including, hut not limiteci to, receiver's fees,
premiums on receiver's bonds and reasonable attorney's fees, anci then to the sunu secureci h,y this ~iortgage. The
reeeiver shall be liable to account onlv for those rents actuallv mceived.
21. Future Adaemcea. Upon request by BorroHer, I.ender, at 1.ender's option Kithin twenty pears from the
date of this ~iortgage, ma~ make Future Ad~•ances to Borrower. Such Future Ad~ ances, ith interest thereon, shsll
be secureci by this ~iortgage when e~~idenceci b~ promi~sor~ notes stating that said notes are secured hereby. At nQ
time shall the Principal amount of tl~e indebteclncss secureci I~~~ this ~iort~a~c. not includinQ sums ad~anced in
accordancc hereaith to ~~rotect the security of this ~Iortgage, excc~i the original amount of the Note plus
US i_ 1Z,.5.OII--QO .
Z2. Release. Upon payment of all sums seeurc~ci b~ this ~lortgage, 1A•nder shali relexse this ~iortgage without
charge to Botrower. Borrower shall pay all costs bf mcordation. if any.
IN `VITNF.SS ~V1iEREOF~ Borrower has ezecnted this Mortgage.
Signe aled and del' e ed
in ~ esen .
< <
- - - (Sesl)
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- ~rk E. Stevens -ao*roWe~
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~ etty J (;~C@V@IIS -Borrower
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~ _P__Q~~---&t-•---I,ncie f--Eln?rida__33a52
; Propert~ Addre~s . -
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! STATE OF FIAIiIDA~ St____Lucie Countv ss:
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.T l~ereby certifv tl~at on this cia~, before me, a~i ofl5ce?• duh-:iuthorized in the state aforesaid a~id
in the count~~ aforesaid to take ac~~t~led~;ements, personalh~ appeared ~rk_ .E,__ Stevens__ and__
Betty_ J_._..~tevens.his, to me known to be the person(s} described in and who executed the
foregoing instrument and acknowledged before me that .they execnted the same for the purpose
~ therein egpressed. 3~ ~ ,
~ `~IT s mv lianci a~id ofl'icial seal in tl~e count}• ~incl state afoi•esaid this ~ef
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