HomeMy WebLinkAbout2539 S }
~
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pay: Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, it any. had rto acceleration occurred; (b) Borrower cures
atl breaches of say other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by header 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 attotney'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 fWl force and eRect as if
no acceleration had occurred.
ZB. AsdpseM o[ Rest Appoirttmeot oC 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. Leader shap 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 these past due. All rents collected by the receiver shall be appliod 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 roceiver'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. Frtore Advaa~. 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 sxured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in aocordanoe herewith to protect the
security of this Mortgage, exceod the original amount of the Note plus USS..---'"""'~""'-""'
22. Reka~e. Upan payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all coats of recordation, if any.
23. Atoorsey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's hes, if any, _
which may be awarded by an appellate court. ,
TN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the o nee of:
. ~ . . ~ . ~r. (Seal)
Wi 11 ism J. Str -eo"°'""`
/ ~ S . (Seal)
Margaf'~t S. Strye ~ ~OfOw"
STATE OF pp~,~~~~,yy .M I CH ~ cAN .~I~ ss:
Y'rY'T7~~
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..1~1i.11 i sot. ,J....Stcye. and .klargaret . S.. S.t:r.Xe,
...h i s. Mti.fe 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.
i
! WITNESS my hand and official sea! in the county and state aforesaid thiS.......sth .............day of
i ,tune 19. ~3
My Commission expires: a- • J~
~,,.u•~,~utlrr~ry,~ !
trot,rr wax
MMES P.
f - - i : . ~ x txXPuhllc VrsYnt? :M1i
z
',%Feou,hl~'~`~
~''"~?!rktfa+~'`t't`
gv - (Space Below This Line Rssenred For lender end Retonser)
R
.
~.bE£ daiz;o~~ `3'?2131d 1x03
3nrv~~d ~ LT LZ '979 J`~ 18 PP; 2: t, 7
ANVdWO~ 3~Ndaf1SN1 31111 O~d~IH~ FlLEU Anc kcCUrtiiED
' ST. LUCIE CGUMTY. FIA.
CLERK CIRCU~IIT
pUs
RCCGRQ YER:i :r~
4482
.
310 ~A~f 2537
E
s