HomeMy WebLinkAbout2444 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
all breaches of any other oovenaats or agreements of Borrower contained in this Mortgage: (c) Borrower pays all reasonable
expenses incurred by Leader in enforcing the eovenagts and agrcements of Borrower contained in this Mortgage and is
enforcing Lender's remedies as provided in paragraph 18 hereof, including. but not limited to, reasonable attorneyb fees: and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of the Mortgage, Lender's interest
' in the Property sad Borrower's obligation to pay the sums securod by tha 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. Asdposeat of Reab; Appoi~t~t of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property, provided that Borrower shall, prior to acceleration under puagraph 18 hereof ~r 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 bo 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 coats 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 foes, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those mats actually received.
21. Ftrtttr+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 Advances, with interest thereon, shall bo 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•
Z2. 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. Attort.ey's Fees. As used in this Mortgage and in the Note, "attorney's foes" shall include attorney's fees, if any,
which may be awarded by as appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of: °
li l -??~.Gtl /Z.~'.l
~ (Seal)
~edele C.~Leone
. i?Y . ~ .
. A Leone-ewrorr
)
STATE OF FLORIDA,........ St . Lucie .....................County Ss:
I hereby certify that on this day, before me, an officer ~uly a~tlwti- ' the state afort~aid and in the county
aforesaid to take acknowledgements, personally appeared.. ede a C.~eone and Mar t e A. Leone, h i s
,wife . . . . . . . . . . . . to me known to be the person (s) described in and who executed the
j foregoing instrument and acknowledged bef~rc me that... theY......executed the same for the purpose therein
expressed.
i
~ WITNESS my hand and otftcial seal in the county and state aforesaid this .5th _ , , ,day of
~ ....October .....................19.79...
My Commission expires: ~ _
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• ~ (Spate 8e1ow This lirN Restrv~d For l.u>tder •nd RacorOeq
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ST.IUCiE Cau:liY.fl^.
R ROGER PoITRnS
r; I,ERK CIRCt;iT (C10ti8i~~-
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