HomeMy WebLinkAbout0380 prior to entry of a judgment entorcing this Mortpge if: (a) Borrower pays Lender all sum: which would be then due under
this Martpge, the Note and notes securing Future Advances. if any, had no aoctlention occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained is this Mortpge: (c) Borrower pays all reasonable t
expenses incurred by Lender in enforcing the covenagts 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 takes such action as Lender may reasonably require to assure that the lien of this Mortpge. Lender's interest
in the Property and Borrower's obliption to pay the sums secured by this Mortpge stroll continue unimpaired. Upon such
payment and cure by Borrower. this Mortgage and the obliptions secured hereby shall remain is full force and effect as if
no acceleration had occurred. '
M AatlpoeaR of Rerrb; AppoiNsest 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 abandar-
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 be entitled to have a
receiver appointed by a court co enter upon, take possession of and manage the Property and to ooiiect fire rents of the
Property, including those past due. All rents collected by the rueiver 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 fees. and rhea to the sums secured by this Mortpge. 7Le raxiver shall be liable to account
only for those rents actually received.
21. F~t~re Adrrancea. 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 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 Mortpge. not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS....-------~~~~-~~--~--••
22. Reiare. Upcra payment of all sums secured by the Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay aU coats of recordation, if any.
23. Attoruey"a Fees. As used in this Mortgage and in the Note, "attorney's foes" all 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:
~ / (seal)
John C. ~Posey~/J --eo~row.~
. ??G~. P~:....../~:~!C.K ~ !t; I'; (Seal)
.f 1 i zabeth D. Posey ~~o,...
STATE OF FLORIDA . St, , Luc i e.................County ss:
I hereby certify that on this day, before me, an o@'icer duly authorized in the state aforesaid and in the cotraty
aforesaid to take acknowledgements, personally appeared... John, C; , Posey. and .E1 i zabeth .D... , .
.Posey.,. his .b?1 fir to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged befom me that ....~h~Y ......executed the same for the purpose therein
expressed.
WITNESS my hand and official seal in the county and state aforesaid this............l?tl?........day of
Navrembec 19...7.9
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~ My Com~liission e><pues: ~,~-C' /~J J.
,~L~ t~i~p~ - notary Pulrltc
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(Srytaoe BNow TAis Lima Raservad For loader and Raooraer)
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