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HomeMy WebLinkAbout2595 ' 1 prior to entry of a judgment enforcing this Mortgage if : (a) Borrower pays lender all sums which would he then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration .kcurred; Ih? Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage: (c) Borrower p:?ys all reasonable expenses incurred by Lender in enforcing the covenants anti agreements of Borrower contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph IR hereof, including, but not limited to, reasonable attorney's fees: and (d) Borrower takes such action as Ixnder may reasonably reyuire 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 1ltortgage shall cpntinue unimpaired. t_Jpon such payment and cure by Borrower, this f?iortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred. 20. Assignment of Rents; Appointment of Receiver. As additional security hereunder, Borrower hereby `assigns to 1_ender the rents of the Property, provided that Borrower chall, prior to acceleration under 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 1 R hereof or abandonment of the Property, lender 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. Alf rents collected by the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver i fees, premiums on receiver's hoods and reasonable attorney's fees, and then to the sums secured by this Mortgage. 'iT?e receiver shall t+e liable to account or+.ly for those rents actually received. 21. Future Advancea. Upon reyucst 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 therrnn, 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 original amount of the Note plus USS.22,500.00 22. Release. Upon payment of all sums secured by this Mortgage, 1_ender 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 :?nd in the Note, "attorney's fees" shall include attorney's fees, if any, which may be awarded by an appellate court. f:v WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, scaled and delivered in th presence of: lL~t,tu.~.-1.. L.a.~. . ~ ...G7~~•-~-f~. (Sal) JE D. FRANCIS -Borrower ~ 4-. r_-~.4 f C! : i Q c c c~.i (Seal) PATRICIA L. FRANCIS -eo?rower St. Lucie............ .......Countyss: STATG 1)F FLORIDA, . I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the counq• aforesaid t<? take acknowledgements, personally appearcd...•IaTXy. I2•..Francis..and.Partricia.......... _ , _ , L. _ Francis, .his wife , . • _ _ . , „ to me known to be the person (s) described in and who executed the foregoing instrument and acknowledged before me that. .they........executcd the same for the purpose therein i expressed. I WITNESS my hand and official seal in the county and state aforesaid this..... _ .27th ............day of Apz~~ 19.7.9.... ~ My Com sm..js'si~os; expires: ) ~ ~s,1r f.' i~]~• ~!.~L'S.!".'4.!.. Notary PuDli . • _ f ~ Mr Florida n _ Corrunes~ ~~M10.19t31 r . a ~ (Space Below This Line Reserved For lender srW Recorder) ~~2,630 ? 3~ F;t c ~ ? y> z ~ooK3U7 =ac~2594 F z ~ J. t ~