HomeMy WebLinkAbout2331 Fran! ~t~-t ~JJ~
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; Ib) Borrower cures
all breaches of any other covenants or agttiements of Borrower,contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreetnents of Borrower contained in this Mortgage and in s
enforcing Lender's remedies u provided in paragraph 18 hereof, including, but not limited to, reasonable attorneys fees; and 1
(d) Borrower takes such action u Lender may reasonably rjluire to assure that the lien of this Mortgage. Lender's interest if
in the Property and Borrower's obligation to pay the sums red 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 u if
. no acceleration had occurred.
20. AssigamerN o[ Rents; AppolWnletit of Receiver. As additional security hereunder, Borrower-hereby assigns to
Lender the rents of the Property. providejl Yiat Borrower shall. prior to acceleration under paragraph 18 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 abandonment df the Property, Lender shall be entitled to have a
receiver appointed by a eogrt to enter upon. take possession of and manage the Property and to collect the rents of the
Property, including those put due. All rents rnllected by the receiver shall be applied first to payment of the coats o[
management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account i
only for those rents actually received.
21. Ftrtnre Advancta. 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 t
security of this Mortgage, exceed the original amount of the Note plus USS. 9.,.7.SO,QQ
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge t
to Borrower. Borrower shall pay all costs of recordation. if any.
23. Attorsky's Ftes. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any,
which may be awuded by an appellate court. ~
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
n
. ~C ~~....(Seal)
J ~HILLIPS -eo+?ow.?
: ~ . • (Seal)
BEVERLY PHILLIPS --s«?ows*
STATE OF FLORIDA, ...........ST • . LUGS ..................:County ss:
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... J0~1 PT~~~.)i.~PS ~ ,$~~.Y A. P~jt~.~.IPS, , , ,
..bis. ~,~e to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that... they.....:.executed the same for the purpose therein
expressed. -
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• • WITNES~,my hand and.o}t'icial•seal in the county and state aforesaid this........ GP..:--..........day of
~vi....~ 19. ~9. .
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INSTRUI!~1~.,)~'~E~l?~;=$Y: LINDA SANDERSON CHELSEA TITLE & GUARANTY COMPANY
8000 S. U.S. 1, Port St. Lucie, FL 33452 {
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