HomeMy WebLinkAbout0223 Ai~~w ~ L./~V
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 note securing Future Advances, if any, had no acceleration occurred; (b) Borrower cura
all breaches of any other covenants or agreement: of Borrower contained is this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Leader is enforcing the covenar)ts and agreements of Borrower contained in this Mortgage and in
enforcing Leader's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees; and
(d) Borrower takes such action as Leader may reasonably require to assure that the lien of this Mortgage, Leader's lateral
in the Property sad 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 sad effect as i[
no accekratan had occurred.
20. Aadptltertt of Reatr, Appoiotmewt of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the tents of the Property, provided that Borrower shalt. 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 I8 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 collect the rents of the
Property, including those past due. All rents collected by the receiver shat! be applied first to payment of rile costs of
management of the Property and collection of rents, including, but not limited to, receiver's foes, premiums on receiver's ~
bonds and reasonable attorney's fees, and then to the wms secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received. '
2I. Ftitore Advasces. 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
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 rums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS
T2. RekarG UpQo 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. Attorreey's Fees As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage. }
Signed, sealed and delivered
in the Dresence of:
. ~~-r'~~ . _.~P (Seal)
- ' ur A. 'orciitt
Adelaide ~M. ~ Orctitt _.a,,,,,~
STATE OF FLORIDA, St.. Lucie .....................County ss:
I hereby certify that on this day, befot+e me, an officerd~~ulyy~ authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. Arthur_A.. Orentt_ and. Adelaide M.... , _ , .
Oreutt,,, his ,wife . _ , , • . . . . . . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that ..they , , , , .executed the same for the purpose therein
expressed.
WITNESS my hand and oil'icial seal in the county and state aforesaid this...... , 6th . . . . . . . . .may of
Fep~:ti~fiY 19. ~ ~ -
.MY~~~isslion expires: . C~~~G~~ ~
'~~3=115 ~j rlfrll ..~ll•.. .
~~i Z: ~1 ' " ' Nolan th~lie
j :.s T-- . 3 r ~ ' ~ : c. Nohxp ?rb~c Srote of t'brlda
L, ~ i~'a ~ at Loma. MY Co~wiuion F~cpYes
' • ~ . ; ~ March 7, 1912
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(Space Below This Line Reserved For Lender and Recorder)
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~NVd~tio~ jli.i l9~0 ~E6 22 AN il• 32 .
f ILEO f;NC F' L'u~uf C~
ST.tUC:E GOUNiY.fU1.
ROGER POITRAS
CLERK CIRCUIT l~ RT, Q~
&EC04DYERIr:t~~-- ~L
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