HomeMy WebLinkAbout0203 ~
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prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this btortgage, the Note and notes securing Future Advances, if any, had no acceleratio~ occurred; Ib) Borrower cures
all breaches of any othtr rnvenants or agreeme~ts ot Borrower contained in this Mo~tgage; (c) Borrower paya ail reasorwble ~
expenxs incuned by I.eade~ in enforcing the covenagts and agreemeois of Borrower contained in this Mongage and in
enforcing Lender's remedies as provided in paragraph I S hereo(, including. but not limitod to, rcasonable attarney's fees; and i
(d) Borrower takes such actio~ u i.e~~uc~ may reasonably rcquirc to assurc that the lien of this Mottgage. Lender's interest
in the Property aad Bornower's obligatioo to pay the sums xcured by this Mortgage shall co~tinue unimpaired. Upon auch ;
payment and cure by Borrower. this Mortgage and the obligations secured hereby shaU remain in full force and etfect as if t
no acceleration had occurred.
20. Assi~aa~eat of Reot~ AppoiMmeat of Receiver. As additiooal security hercunder. Borrower hereby assigns to
Lender the rents of the Properiy. provided that Bomower shall, prior to acceleration unde~ paragraph 18 heroof or abandon-
ment of the Rroperty, have the right to collect and rctain such rents as they bocome due and payable.
Upon acceleration under paragraph t8 heroof or abandonment of the Pmperty, Lender shall be entitled to have a f
receiver appointed by a court to enter upon. take possession of and manage the PropeRy and to callect the rents of the :
Property. including thaae put due. All rents collected by the receivet shall be appliod first to payment of the costs of
management of the Propeny and collectian of rcnts, including, but not limited to, receiver's tees, prcmiums on receiver's
bornis and reasonabk attorney's fees, and then to the sums secured by this Mortgage. 71~e rcceiver shall be liable to account
only [or thox rents actually received.
21. Fotere Adraocca. Upon request by Borrower, l.ender, at Lender s option within twenty years from the date of this
Mortgage. may make Future Advances to BoROwer. Such Future Advances, with intercst thercon, shall bt securcd by this
Mongage when evidenced by promissory n~tes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance hercwith to protect the
security of this Mortgage, excoed the original amount of the Note plus USS.
2L Release. UpQn payment of all sums secured by this Motigage, l.ender shall releue this Mortgage without charge
to Borrower. Bonower shai! pay all costs of recordation, if any.
23. Attornty's Fees. As used in this Mortgage and in the Note, "attorney's fces" shall include attorney's fees, if any.
which may be awuckd by a~ appellate coun.
IN WITNESS WHEREOF, Borrower has cxecuted this Mortgage.
Signed, sealed and delivered
in the presencg of • ~
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. . . . . . . . - (Sea1)
• . . . {
hn H. DeYoung -B«?a...
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G . !G . . . (SCaI)
a L. DeYoung ~ ~
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STATE OF~~IfI~I, . MI~~CrA~. . . . . . . .~.~,,~s~~'.~~~L'~- - . . . . . .County ss:
I hereby certify that on this day, tx;fore mc, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, p~:rsonally appeared John.H.. DeYoun~. and .Lynda L. DeYoun~~
{ .h3~S. 3~.~~ . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who eaecnted the
I foregoing instrument and acknowledged before me that they executed the same for the purpcue therein
E ~expr~ssed.
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~ WirNess my hand and official scal in the c unty and state aforesaid this. ~t~?... .day of -
. , . JanuarY . . . . . . . . . . . . . . . . . . . . 19. . .7~.: . '
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ST. LUCIE COUNTY FLa 4 .
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