HomeMy WebLinkAbout1243 prior to entry of a judgment eaforcing this Mortgage if: (a) Borrower pays Lender all sums which would be rhea due under
this Mortgage, the Note and notes securing Future Advances. if any,-had no aoaleration occurred; (b) Borrower cures
all breaches of any other oovenaats or agreements of Borrower contained is this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Leader in enforcing the eovenagts and agreements of Horro~ver contained in this Mortgage and is
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 Bornower
s7obligation to pay the sums secured by this Mortgage shalt continue unimpainxi. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
2A. AadpraeN at Rem AppoiNsaeat 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 collect and retain such rears as ilaey become due and payable.
Upon acceleration under paragraph 18 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. All rents rnllected by the receiver shall be applied first to payment of the coats of
management of the Property and rnllection of rents, including, but not limited to, receiver's fees, premiums on receiver
s
bonds and reasonable attorney's foes. and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Fahre Adraaeea. 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 prated the
security of this Mortgage, excxod the original amount of the Note plus USS. - .
22. Release. • Uprm payment of afl sums secured yy this Mortgage, Lender shall release this Mortgage without charge
to Borrower. BotTOwer shall pay all costs of recordation, if any.
23. Attor'ey's Fees As usod in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if'any,
which may be awarded by an appellate rnurt.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered.
in the presence of:
o~een~J.~ Mo ~ oe~ ~/J -eono~w.
.f!:..i~!~~:( .........(Seal)
' ~ ~ ennet ~ E Monroe -eo.~ow..
STATE OF FLORIDA, St. ,Lucie ............County ss:
I hereby certify that on this day, before me, an officer dulyauthorized in the state aforesaid and _ in the county
aforesaid to take acknowledgements, personalty appeared . Colleen, J._ Monroe and , I,sepp~etil} ,)r, , j~opxQ~,
her, husband, , , , , , _ , , _ , , ~ , , , , _ , 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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! WITNESS my hand and official seal in the county and state aforesaid this........ 2.~1...........day of
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