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HomeMy WebLinkAbout1266 ~ ~ ' 1' ~ ( tt~ 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, i[ any, had rto acceleration otxurred; (b) Borrower cura all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (e) Borrower payi all reasonable expenses incurred by Lender in enforcing the oovenagts 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 roquire to assure that the lien of this Mortgage. Leader's interat in the Property and Borrower i 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. 2A. Aad~emeat of Ream Aoooi.taKwt d ltecei~e._ w~ additional security hereunder, Borrower hereby assigns to Lender the rents of the Property. provided that Borrower shall, prior to acceleration under paragraph l8 hereof or abandon- ment of the Property. have the right to collect and retain such rent: as they bocome due and payable. Upon acceleration under paragraph 18 hereof or abandonnxnt of the Property. Lender 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 sad 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. 1be receiver shall be liable to account only for those rents actually received. 21. Fnttue Aa~a~cea. 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 tha 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 USt"""""""""'-"- 22. Release. Upon payment of all sums.secured by this Mortgage. Lender shall rcksse 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 foes" 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 presen f: o , ~a~~~ .a . r~.-~ . Gunther M.. Danz .~1 . .....................................(Seal) --6onawr STATE OF~~~(.... Neer York. oZ.SSd~d~, ~-_arvn"~ I hereby certi[y that on this day, before me, an officer duly authorized in the state aforesaid and in the county aforesaid to tare acknowledgements, personaiiy appeared. ~arither, M.. Frailz~. an ,unmtarried.man . , . . to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that.. ~1e .........executed the same for the purpose therein expressed. . WtTtN ss my hand and o8'icial seal in th~~ounty and state aforesaid this.......16~? ............day of ..........19. My Commission exptres: , ~ , _ t s. ......~n.lL.-l . ~~-r~N.~.~ . • ~ iot~y t~unrK ~ ' •-l s ` (sWCe Bs1ow This Lir» Rts~nW For lender snd R~corOeq ~ fILEO sn'. 'QED ~~fi='^ 4..,~. ST. LUCIE .•ti ~ FLA. _ „rn1~ ' R~C~ " ~i . ~~u~r,( 1~iC~ CLEF t.~R "k / . 5 rt 4~9~f35 ~ 3 ' E