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HomeMy WebLinkAbout1573 i prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays 1_ender all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, i[ any, had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements o[ Borrower,contained in this Mortgage; Ic) Harrower pays all reasonable expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in erf~rcing Lender's zes:e.~~ as provided in paragraph I8 hcrcaf, if~Cluding, but not limiicd to, reasonable attorney's fees; and (d) Borrower takes such action as Lender may reasonably reyuire to assure that the lien of this Mortgage, Lender's interest in the Property and Borrower's obligation to pay the sums secured b}• 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. Assignment of Rents; Appointment of Receiser. 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, Ixnder 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 receiver's ponds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 'ilte 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 Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this Aortgage when evidenced by promissory notes stating that said notes arc secured hereby. At no. time shall the principal amount of the indebtedness secured by this Mortgage, not including sums advaQ ed ' ac Qrdance herewith to protect the , security of this Mortgage, exceed the original amount of the Note plus USS.. 4.~;4~R•.~8. 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 recordation, if any. 23. Attorney's Fees. 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 WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered in the presence of: 7 ~~~f!!~KClrcc!4 . (Seal) UL -Borrower . J rL~nQ- ~!1 (Seal) . 5d'fi12~ ~ Idtb7.7.: -Bo?.owe< STAYf. OF FLORIDA, St..LUCle • . _ • _ _ • _ . _ , , • • , , ,County ss: I hereby certify that on this day, before mc, an officer dul ~ authorized in the state aforesaid and in ,tlte'GOiittTy aforesaid to take acknowledgements, personally appeared... .L ~I'I'• SA'IRE,I~;.- his wife to me known to br the person(s) described in ~ttd wlio'tikeet~d the . j foregoing instrument and acknowledged before me that ,they , , • _ , executed the same for thEt pvi ~ „ ei>L expressed. _ • _ ~ ;+1: ~ ~ WITNESS my hand and official seal in the county and state aforesaid this....... 26 _ ! Q~~Q~?eT 19.. 7~... YZ. ~ , . ~ ~ t K.: , My Commission expt~es: ! ~•4~• . [Seal) Nalary Public NOTARY PU6L1C, STA: E OF F:O ~9A qT LARD MY COA:?AISSIGM EXPlr2ca SePT. 6, 1:80 BONDED 7HRU GFNE2gL ~N.. UYDEF:VRITERS (Space Below This Lme Reserved For Lender and Recorder) t s ; _ a E v N01i ( r'- ~ f:L?G~R P~ITnA~ CLEnX Gtti~•ill Cr? d> ,;r 9 . i! i 4fs4: 34 f 319 ~~~E 1~~'0 :~r-~C