HomeMy WebLinkAbout0150 prior to entry of a judgment enforcing ~ Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the' Note and octet seeunng Futuro Advances. if any. -had no aceeleration occurred: (b) Borrower cures
all breaches of any other oovenanq or agroetnenq of Borrower,contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurt~ed by Leader 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 attorney's fees: and
(d) Borrower takd such action as Lender may reasonably require to assure that the lien of this Mortgage. Lender's interat
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall rnntinue 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.
2A. Assignment o[ Rents; AppbiMtueat of Receiver. As additional security hereunder, Borrower hereby assigns to
Lender the rcnq 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 hereo[ or abandonment of the Property, Lender shall be entitled to have a
receives' appointed by a cot~t 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 receiver's
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Future Advances. Upon request by Borrower: Lender, .at Lender's option within twenty years from the date of this i
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interat 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 adX$ a rdatice herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS.~4~,~~~.~~
22: Reileaae. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorney's Feea. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees. if any,
which may be awarded by an appellate court. -
IN WITNESS WNEREOF, Borrower has executed this l~iartgage.
Signe sealed and delivered
i race of
:.~G~NC•~,l~u. (Seat)
Rut L . l~aye s -~~K
STATE OF FLORIDA, St :.Lucie . . . . . .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 WILLIAM- R. , HAYES, Slid. RjJTH. L., , , , _ , , , , -
H~.Y~S, _ 1~~~, wife , , , , , • , , , • , , , to me known to be the person(s) described in and who executed the
foregoing instrument an_d acknowledged before me that.. ,they, , , , ..executed the same for the purpose therein.
I expressed. _
VI~iTitEss~ly hand,~nd official seal in the county and state aforesaid this.:... 1st ................day of
f .A~~ t~ 1979....
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RI ~,D''jSNEED, JR., P.A. j
700,- d.~'n Avenue
- SuiCe`.~A4 Sun Ba k Bu lding -
`Fc~'C~=Fie~?~ce, Flori~ 33450 '
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