HomeMy WebLinkAbout2369 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under `
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred: (b) Borrower cures
all breaches of any other covenants or agreements o[ Borrower contained in this Mortgage: (c) Borrower pays alt reasonable
expenses incurred by Leader in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to. reasonable attorney's fees: and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as i(
no acceleration had occurnd.
2A. At+dgnmeN of Rests; Appointment of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property. have the right to rnlkct and retain such rents as they become due and payabk.
Upon acceleration under paragraph 18 hereot or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a rnurt 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 fiat to payment of the costs of
management of the Property and collection of rents, including, but not limited to. receivers fees, premiums on receiver's
bonds and reasonabk attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Future Advances. Upon request by Borrower, Lender, at Lender's option within twenty years from the 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 Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the origins! amount of the Note plus USS... • • • • . • • • • • - • • • • • • •
22. Reka~e. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all;costs•of recordation. if any. '
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes. if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
_ c
' L~ ~ t eal)
in Jes e -aarawr
llv. 4~:../ ..~-:'.l ..................(Seal)
Hazel ~ ~ ease ~ -aarow.r
St. Lucie .Count ss:
STATE OF FLORIDA y
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. Fdwan .G.. Jesse .and. Hazel .S..Jess~,..his.. .
........wife to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that. they ........executed the same for the purpose therein
expressed.
WITNESS my hand and official seal in the county and state aforesaid this.... ]2th ...............day of
........tiarch 1.9..791...
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~ MY Caaa,~mission expires: / ~C : ~ ..ll~'.:~~ ~ .
. • - ~t SUM IC SfA~°~a? AT t,A~ '
e ~ a ~ y~ C(1MM1111(1N E1VIRfS AtJCi ? 7 1952
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~ j 7 ^ ~ ittill Grl~L1i ItiS. tIrOER1tIR1TBf
_ = ?HIS tNSTRUMEHT PREPARED I3Y `
- ~ ' = SUN BANK OF ST. LUCIE COUNTY
, (fannarty St. ludo County Bsnr)
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(;3~~I11~~p~4 rWM11w+Uui~,wrwd Foy Lender and Recade~
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