HomeMy WebLinkAbout0111 p~ior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be thtn due undtr
this Morigage, the Note a~d nota securing Futurc Advances. if any, had no accelera~ion occu~red; (b) Borrower cura
all breact~es of any other covenants or agroements of Borr~wer contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covena~ts and agreements ot Borrowtr contained in this Mortgage and in
eaforciag Lender's remedies as provided in paragraph 18 hercot. including, but not limitod to. reawoable attorney's foes; and
(d) Borrower takes such action u Lende~ may reasonably requirc to assurc that the lien oi this Mortpae. Lender'a interest
in the Property and Bornower's obligation to pay the sums secured by this Mortgage shall rnntinue unimpaired. Up~n such
payment and cure by Borrower, this Mortgage aod ihe obligations secured hereby shall remain in full force aad eBect u iE
no acceleration had occurred.
20. Aui~~uaeN ot Re~tq Appointmeat of Recetver. As additional security hercunder. Borrower hereby sssigns to
I.ender the rents of the Pmpeny. pmvided that Bomower shall, prior to acceleration under paragraph 18 hercof or abandon-
ment of the Property. have the right to collcet and rctain such ren~ as tbey bocome due and payzbk.
Upon acceleration under puagraph 18 hercof or abando~ment o[ the PropeKy, l.ender shall be entitlod to have a ~
roceiver appointed by a. court to enter upon, take poasession ot and manage the Property acK1 to collect the rents of the
Propeny. including those put due. All rents collcetod by Ihe receiver shall be applied first to payment of the costs ot
management of the Propeny and collection of re~u, including, but ~wt limited to. roceiver
s fees. premiums on roceiver
s
bonds and reaaonabk attorney's fees, and then to the sums securcd by this Mortgage. "Ihe receiver shall be liable to account
only for those rents actually received.
21. F~t~are Ad~aoce+s. Upon requal by Borrower, Lender, at l.ender's oQtion withi~ twenty years from the date of this
Mortgage. may make Futurc Advances to Borrower. Such Future Advanca, with i~terest theroon. shall be secured by this ~
Mortgage when evidenced by pmmissory nota stating that said nota are securcd hereby. At no time sball the principal
amount of the indebtodass securod by this Mortgage. not including sums advancxd in accordance henwith to protect ihe
security of this Mongage. exoeod the original amount af the Note plus USS. - -
22. Release. Upc~a payment of all wms securcd.by this Mortgage. Leoder shall relesse this Mortgage without charge
to Borrnwe~. Borrower shall pay all rnsts of recordation. it any.
Z3. Attorsey's Rees. As used in this Mortgage a~d in the I~ute. "attorney's foes" st~all include attorney's foes, if any.
which may be awarded by an appeUate cou~t.
IN WITNESS WHEREOF, Borrower has exccuted this Mortgage. • ~
Signed, sealed and delivered
in the presence of:
,
l/ I . . Y-LIi i /lC j %~•!.i.r r • ` . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . ~J • Walt icho ~
t ~~-'-n- - , .
; .~Evelyn Nichol ................~..r.
STATEOFr~I~~ • •a.Q,~•_ .__i• •/~G~-O]~Dt?'
A~ii~.~7Mr~!~1~~~ • • r~r~/L
M ,
1 hereby certify that n this day. before me. an ofi'icer d yauthorized in the state afotesaid and i~ the counry
' aforesaid to take acknowledgements, personally appeared.Walter W; , Nieho~, ~d ~;,F~yg~.y~1 ~i~Cbol,,.
i his. Frife , , , , , , , , , , , , , , , , , , , , , , , , , to me known to be the person(s) described in and who eaecuted the
' foregoing instrument and acrnowledged before me that. .~eY. ....executed the same for the purpose therein
~ exp~
Wrrt~ESS my hand and o~'icial seal in the county and state aforesaid this. ~?a ...day of
M~Y . . . ..19. .T:T .
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~ (Sp~c.e 9elow This liM Res~rved Fo~ lender snd R~cordeh
#N.Er~I~ND RECOR~Ea
ST. LUC1E COUNTY FIA.
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„ t'i c:.K :.'=CW1 CCUn-
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