HomeMy WebLinkAbout0544 prior to entry of a judgment enforcing this Martgage if: la) Born~wer pay~s l.enJer all sum~ which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acrrleratian .xcurred; 1 h 1 Borrower cures
all broaches of any other covenants or agrcements of Borrowrr contained i~ this Murtga~: fc) Borrowcr pays ~II rea~onable
expenses incurred by Lender in enforcing the cavenants and agrecments at Borrower contained in. this I~tortgage and in
enfarcing Lende~'s remedies as provided in paragraph 18 hereot, inrluding, but not limited to, reasonahle attorne)•'s tees; and
(d) Borrawer taka such action as Lender may reaso~ably reyuire to assure that the li~n o( this Mortgage, Lenders interest
in the Property and Borrower's obligation to pay the sums securcd by this Alortgage shall cantinue unimpaired. U~n such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and efTect as i(
no acceleration had occurred.
20. Assigameat ot Rents; Appoiatmeat ot Receiver. As additlooal ~ecurity hcreunder, Borrower hereby assigns to
Lender the rents of the Properry. provided that Borruwer shall, prior to acceleration u~der paragraph 1 R hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or ahandonment of the P~operty, t_ender shall be entitled to have a
receiver appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the ~
Property, including those past due. All rents collected by the receiver shall be applied first to payment of the costs ut
m~nagement oi the Property and collection of rent~, including, bu~ nut limited to, receiver's fees, premiums on recei~•er.'s
twnds and reasonable attorney's fees, and then to the aums secured by this Mortgage. 'il~e receiver shall t+e liable tu account
only for those rcnts actuaUy received.
21. Future Advances. Upon request by Horro~~er, l.ender, at t_ender s option wilhin twenty years from thc date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Morfgage, not includi~g sums advanced in :.ccordance herewith to protect the
security of this Mortgage, exceed the original amount of the \ote plus USS • . . . . S00 .00 . . . . . . . . . . . . . .
22. Rekase. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borruwer. Borrower shall pay all costs of recorJation, it any.
23. Attoraey's Fees. As used in this Mortgage and in the i~ute. "attorney's fees" shall include attorney's fees, if any,
which ntay be awarded by an appellate court. ~
IN WITNESS WHEREOF, Borrowcr has cxccutcd this Mor[gagc.
Signed, sealed and delivered _
in the presence of:
...~r~~x~/.. ..........(Seal)
LEONARD C . SUTI. -ew?o„~e~ .
. i ~
. . . . . ~.~C~..... !l`~~.~,.G~ ~/l'~~f"f~``~c.~~..........(Seal)
~L'DUISE M. ~BUTLER ~ -eo~rowe? '
STATE OF FLORIDA, . . . . . . ST. .LUCIE , , , , , , , , , , , , , , , , , , , , , , ,County ss:
I her~by certify that on this day, tx:fore mr, an oflicer dul~~ authorited in the statr aforesaid and in the county
aforesaid to take acknowledgcments, p~:rsonally appeared. . LEONARD, C. _ BUTI.ER, LOQISE.M,. ~1JTL~R,
. . . h~s~ .~T~~~ . . . . . . . . . . . . . . . . . . . . . . . to me known to be the pe.rson(s) described in and who executed th~
foregoing insfrument and acknowledgcd befor~ me that. . t~eY. .......executed thc samc for the purpose therein
' expressed.
~
~ W~Ttvess m} hand and ofi~icial scal in the count}~ and state aforesaid this. . . . . . . .4th, , , , , , , , , , , , ,day of
. . . . . . . . . . . . . . . . . . .J~nuar3! . . . . 19. 79. .
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€ My Commisslon exp~res: /-17-$~ ~~~y~ 7/~
s . !~i'yl. . . : . ~ . . . . . . . . . . . . . . . . . . . . . . .
~ ~~g . . . . ~ - Notsry Pubtic
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i ' Notary Public, Srate of Ffo.;r!~ A, ~ q$ y
; My Commiss~on E cpirr ra
~ INSTRIRff.H'~ PREPARED BY : LINDA SANDERSON CHELSEA TITLE ~ G~U~?~A~• COMPANY
~ ' - • 8000 S. U.S. 1, Port St. Lucie, FL 33452
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