HomeMy WebLinkAbout2107 _ .
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 of Borrower contained is this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remodies 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 if
no acceleration had occurred.
20. A~ttaAeM of Rents; 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 collect and retain such rents as they 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 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's fees, premiums on receivers j
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only [or those rents actually received.
21. Ftrtur+e Ad~aeces. 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 Advatces, 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 aooordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS- .
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of rernrdation, if any.
23. Attoraey"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, scaled and delivered
in the Dresence of:
. C.l, . (Seal)
. OYin ~D . ~ IdtiY'phy -eorrower
Nel~e W . Murphy -~eo.ro~~
STATE O°F~~t~~ . yIItGINIA .....................!~-P~P~ SS:
C / I hereby c~eK/rtif--y that on this day, before roc, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared JQb~R. A.•. ki~x'~hy..aud .Ne] Lie W Mux`.ptiy, .
his,-yrfe , , , , , , , , , , , , , , , , , , , , , , , , to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that.. ~11ey.......executed the same for the purpose therein
j expressed.
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WITNESS my hand and official seal in the county and state aforesaid this........ 2Tld ............day of
...........~aJ/ 19.75....
My Commission expires: dc/ ~ 3
[swq ~ ~ Notary t~ublie \,a,,,. ,1, ~
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1919 NAY 14 IIH 3: 34
fI~EO AMC RECOn0E0
ST.LUCIE COUN~Y.fLA.
CLERK C RCPT
CCA{?s
1 RECORO VtRIF1EC._
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