Loading...
HomeMy WebLinkAbout2396 t j 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 cura all breaches of any other oovenauts or agreemenb of Borrower,containod in 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 eaforcing Lender's remedies as provided in paragraph 18 hereof. including, but not limited to, reasonable attorney's foes; and (d) Borrower takes stub action as I.ender may reasonabty require to assure that the lien of this Mortgage. Lender's interat in the Property sad 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. Ast~ataeN of Reatr Appoiatateat 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 hereo[ or abandonment of the Property. Leader shall be entitled to have a receiver appointed by a oou~t 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 applied first to payment of the costs of management of the Property and colleMion of rents. including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees. and then to ttte sums secured by this Mortgage. 'I1re receiver shall be liable to account onty for those rents actually rtceived. 21. Futnre Adeaacoa. 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 iaterat 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 protect the security of this Mortgage. exceed the original amount of the Note plus USS.... &,500. Q0 22. Rellatse. 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 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, sealed and delivered in the presence of: . ~ (Seal) 'DONALD 'FOWLLr~ ' -eorrowe. . . ~a~.'....................(Seal) - EIyWINA T. FOWLER _..eorraw.. St. Lucie STATE OF FLORIDA .........................................Countyss: 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..... ~N~rD. ;3ud .~A~N~. . ,FQ[~~,, t}i$ ,wife, , , , , , , , , to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that.. tj~ey, .......executed the same for the purpose therein I expressed. WITNESS my hand and official seat in the county and state aforesaid this...........3Qth.........day of ~u8!1$t 19..79 E - - ' My Commissi~tres~~ ~J1.Q~1(.~,4~1~ .!~:a:4~*.~- . ,.,a•tterteii~., _ '•ry,' ~ Notary Public i • II ~ = MY COI~IISSION EXPIRES: m . ~ ;3's . - ~ raw z - ~ ~ • ~ n ~ NOTARY PUBLIC STATE OF FLORIDA AT LAleGE ~.;=s` l'~- Mt CO;,tMISStCNd ExPIRESJUNEZt 198 _ *~Q ' BONDED TMtW C•E1rERAl IIVS t,p~IpEtWRITFRS . (Space Below This lino Rsserved For Lender and Recorded '979 SFP -5 AN il= 54 FtLEO Ah0 s[cc,auc0 ST.LUCIE COUNTY.FLA. ROGER POITRAS CLERK CIRCINT C T RECORO YERIFIEO 45'7284 i ep~~o~ j To 'd~ nn ~ al}!1$ ~~er;sy~ BOX •,15 PAGE~~~ .