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HomeMy WebLinkAbout2966 • prig to entry of a judgment enforcing this Mortgage it (a) borrower pays Lender all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, it any, had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower Contained in this Mortgage; (q Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants 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 attorneys fees; and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lenders in- terest inthe PropeAyand 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 g0. Asslgnmsnt of Rents; AppolntnNnt o1 fMcelvK, As additional security hereunder, Borrower hereby assigns to Lender the rents of tl~e Property. provided that Borrower shall. prior to acceleration under paragraph 1 S 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, Lender shall be entitled to have a receiver appointed by a court to enter upon, take possession of and manage the Property and to col:act the rents of the Property, including those past due. All rents collected by the receiver shalt be applied first to payment of the costs of management of the Property and cottection of rents, including, but not limited to, receivers fees, premiums on receivers bonds and reasonable attorneys fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those rents actually received. Z1. Futun Advancts. Upon request by Borrower, lender, at lenders option within twentyyears from thedate of this Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest 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 seCUri of this Mort NONE--------------- ty gage, exceed the original amount of the Note plus USA 2~, f~lsass. Upon payment of all sums secured bythis Mortgage, Lender shalt release this Mortgage without charge to Borrower. Borrower shalt pay all costs of recordation, it any. Z3. Attorntlys FNS. As used in this Mortgage and in the Note, "attorneys tees" shall include ariomeys fees, if any, which may be awarded by an appellate court IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered 1 in the presence of: ~ / (Seaq IrAVID A. b GW LL (Seaq ' ANITA OLSON (Seaq (Seaq STATE OF FLORIDA, Countyss: ST. LUCIE 1 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 UAVIL A. bAGWELL A SINGLE MAN ANITA OLSON A SINGLE WOMAN . to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that Borrower executed the same for the purpose therein expressed. WITNESS_my hand and official seal in the county and state aforesaid this 21ST day of -r - ZrECEM~~,R'~,~ f 1iti~~',~~-~- . 19 79 ~ ~ My Ca SiM ~iipif~: * j ~~~3 , ~ ~ ~ ' ` ~ Notary Publ~ i v ~ r ~ ~j (Space 8ebw This Line Reserved for Lender and Recorder) QofOK P~GE~N7J0