HomeMy WebLinkAbout0290 ~ ~ ~ ~
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prior to entry ot a judgme~t enforcing this Mortgage i(: la 1 Borrower paya Lendcr all sumti which wuuld hr then dur undcr
~his Martgage, ~he Note and notea securing Future Advanc~s, i( any, had no ~a:~:irra~~un .?~curred; Ihl l3orrower curec
all breaches ot any other covenanls o~ agreements af Bo~rowrr comaincd in this Murtg:~ge; (c) Burrc~wrr pay~ ~I) rea~on:~hie
expensa incurred by I~nder io entorc~ng Ihe covrnants anci agrcements of &~rrnwer containeci in this Mortgage and in
entorcing l.ender i reme~iies as provided in paragraph 18 hereu(, including, hut no~ IimiteJ to, rea~onahle attorney's frrs; and
(d) Burrawer takes such action as t.ender ma~ rrawnably reyuirc to acsurc that the licn o( this Mortgagc, I.endcr's interest
in the Propeny and Borrower's ~hligation to pay the sums ucured by ihic Mortga~ee shall cunt:zu:. unimpairtd. Upc~n such
payment and curc by Borrower, this Mortgage and Ihe ~hligations ~ccured hereby ~h;~ll remain in full torce and efiect as it
no acc~ltration had occurred.
20. Assitnment ot Renls; Appointmcnf ot Receivu. Ac ~dditional ucurity hereunder, Horrower herehy a~signc to i
I.cnder the rrnts ot ~hc Property, providcJ that Horn>wer shall, prior to acccleralion undcr paragraph 18 hcreof ar abandon-
m~nt of the Property, have the right to collect and ret:~ir? such renis as they hecame due and payable.
Up~~n acceleration under paragraph 18 herco( or ah:?ndonment ot the Pmperty, Ixnder shall hr enlitted to have a
receiver appointed by a court to enter upon, take Ewsses~i~~n o( and manage Ihe Property and to collect Ihe renh uf ~he
Proper~y, including those past Jue. ^II renls collecteJ by the receiver ~hall t~e applied fi:st to payment oF ~he costs o(
m•rnagement of the Property anJ colkclion of remc, including, hut nut limited to, re~eivrr'a fees, premiums un receiver'~
twnds and reasonable aUOrney's (ees, and then u~ thc .ums secured b~• thic Mortgage. The receiver shall be ii3ble to account
only for those rents actuaUy received.
21. Future Adraacea. Upoq rcyucst by Borrower, I.cnder, at t.rndcr's opUon within twenty ycars fram the date of this
Mortgage, may make Future Advances to Borrawer. Such FWure Advances, with interest thercon, shall he secured by Ihii
l~tortgage when evidcnced by promissory notes staung that ~aid no~t~ are ~ecured hercby, At no time shall thr principal
amuunt ot the indebtecineu secured by this Mar~gage, not incluJing sums advanceci in accordance herewith to protect ~he
security ot ihis Mortgage, exceed the original amount ~~t thc Note plus USS. a.Q•p~Q.00 .
22. Rekase. Upon payment o[ all sums securcJ by th~s Mongage, I.rnder shall rclease Ihis Mortgage without charge
to Borrowcr. Borrower shall pay all costs of recorJ:,tion, ~t an}•.
23. Altorney's Fees. As usrd in this Mur~gage and ~n Ih~ Notc, "attornry's fres" shall mclude auorney'~ tecs, if any,
which may be awarJed by an appellate coutt.
Irr W~Trttss WiitRFOr, E3urrowcr has cx~cute~ ~hi~ Murtg~gc.
Si •d, seahd and de ivered
n the esence
. . . . . Gc!""~[J . . . . . . . . . . .~~,~:~G.-C~--~~ . . . . .(S~:al)
Charles E. Reev 8 -$wrower -
. . . . . .~'1~~. • r . _ . . . . . . . .(Seal)
Ethel L. Reeves ~,.o,,,,e. #
STATF Crt FLORIDA, St. Lucie ...Cuunty ss: `
1 t?er~by certify that on thi. da~, brfu~e mc, an olticer dul y~ authoriud in the state afuresai~ and in the county
K y•~~. Charles E. Reeves and Ethel L. Reeves
afore~ai.l t~~ take acknowled ~mcnt~. r~<mell a arcd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
his wif e . . . . . . . . . . . . . . , , . , mc~' knuwn to tk the prrson( s ) Jescribcd in and who ez~cuted the
furegUing instrument and acknowledgrd befor~ me thai they .......~xecutrd the samc for the purposc therein =
~ expresscd.
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i WITNESS ~ny hand and official scal in thc cuunty and statr afor~ this. .~3tb............day of
F , , October ~y]~
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` 11!~y,Gam~rwission exp~res: L~.
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