HomeMy WebLinkAbout0272 .
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prior to entry of. a jud~ment enforcin~ this Monta~e if: (a) Borrowe~ pays Lender all sums which would be then due under !
this Mortgaae. the Note and nota securinj Future Advanoec, i[ any. had no acceleration occurred; (b) Borroae~ cura ~
all brcac6as of any other covenants or a~eemenb ot Borrower contained in this Mon~e; (c) Borrower pays all reasonable '
expe~tsa incurrod by Leader in eaforcina the covenagts a~d agreements of Boirower contai~ed in th~ Mortpte and in ~
en[orcins I.ende~~s remedia as provided in pangraph 18 hercot. includina. but not limited to. rcasonabk attorney's tas: and
(d) Borcower t~kes wch action as Lender may reasonably requirc to assure that the lien of this Mortaage. I.ender's interat
. in the Property and Borrowe~'s obligation to pay the sums securod by this Mortgage.shall continue unimpairod. Upon such
payme~t and cut+e by Borrower. this Morigage and the obligations secured hereby shall remain in full force and effect as it
no acceleration had occurred.
20. Asti~aa~eM ot Restr, AppoiotoeN oi Receive~. As additio~al secu~ty hercunder. Borrowen c~reby assigns to •
[.ender the rents of the Propeny, provided that Borrower shsll, prior to ac~eelcration under paragrsph 18 hereof or abandon- ~
me~t of the Penperty. have the ri~ht tQ rnUect and rctain such rents u t6ey becane due and payaMe. i
Upo~ acceleradon u~der paragraph 18 heroot or abandonment of the Properiy. Lende~ sha0 bs entitkd to have a ~
rcceiver appointed by a court to enter upon, take possession of and maoage the Property and to colkct the rents of the
Property, including those past due. All rc~ts coilected by the roceiver shall be appliod Rrst to pzyme~t of the costs of
managemeM of the Proptrty and collection of re~ts, including, but not limited to. receiver's fea, premiums on receiver's '
bonds and reasonabk attorney'a foa. and then to the sums securod by this Mortgage. 7Ue roceiver shall be liaWe to account 4
only for ihose rents actually received. ~
21. F~ Ad~asces. Upon requat by Borrower, Lender, at Lende~'s option within twenty years from the date of this
Alortgage. may make Future Advances to Borrowe~. Such Future Advances. with intercst therooa. shall be secured by this
Mortgage when evideaced by promissory ~otes stating that said notes arc secured hereby. At no time shall the principal
amouot of the indebtodnas socurod by this Mottgage, ~ot includi~g sums advanexd in aooordanve herewith to protect the •
security of this Mortgage. racooed the original amount of the Note plus USS.
22. Bdease. UpQn paymeat ot all sums securod by this Mongage. Lender shall r~elesse this Moctgage without charga
to Borrower. Borrower sball pay aU costs of reco~dation. if any.
23. Attor~ep's Fees. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees, if aay.
which may be awarded by an appcllate court. i
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IN WITNESS WNEREOF, Borrower has executed this Mortgage.
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Signed. sealed and delivered F
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in the presence of: ~
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. . . . . . . . . ~ . . . . . . . ~~1.,l~Q. . • L.t cZc'. . . . . (Seal)
~ R ~ro S. Placido
. . . . . . . . ~~.~t~! ~ • ~~~?'c'
c1.'. . . . . . G`.':
: . . . (Seal) . ~
Maria A. Placido '
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STATE OF FLORIQA, . . . . . . . . . . . St., Lucie . . . . . . . . . . . . . . . . . . .County ss: ~
"s
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I hereby certify that on this day, before me. an o8'icer duly authorized in the state aforesaid and in the county '
afore,caid to take acknowleci ements rsonall a .R~r~ .$e .~~~4~~4$Q. JKaxia. A.. .Elac~r~, j
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, _ , , hi s wi f e , , , , , , , , , , , , , , , , , , , , , , , , ~o ~ ~~wn to be the person(s described in and who executed the ~
foregoing instrument and acknowledgcd before me that. ..t~~Y.. ...executed the saroe for the purpose therein I
~ eapressed. -
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! WiTNESS my hand and oHicial seal in the county and state aforesaid this. . . . . . . 1~~ . . . . . . . . . . . . .day of
~ - . . . . . . . September . . . . . . . . . . . . 19.
~ 1V~j?'~omiq~siop expires: . /~f .~:lcr~~:u!~. .
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~ (Sp~.~e Befow This line Rts~rv~d For LeeW~r snd R~cOroeq
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