HomeMy WebLinkAbout0828 prior to entry of a judgmatt enforcing this Mortgage it: (a) Borrower pays Leader all soma which would be then due uader
this Mortgage, the Note and notes securing Future Advances, if any, had ao aecekration occurred; (b) Borrower cure:
all breac6a of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Leader is eatorang the eoveaanu and agreements o[ Borrower contained Lt this Mortgage and is
anfordng Leader's remedies as ~jded to paragraph 18 hereof, including, but not limited to. teasonabk attorney's Fees: and
(d) Borrower takes such actioapia~lGatBer may rea:onabli? regain to assure that the lien of this MortPBe, Lender's interest
in the Property and Horrower~s obliption to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured herby shall amain in full [orca and effect as if
ao accekration had occurred.
20. Aseigwsw et Renlsl A~ois~t o[ Receitrer. As additional security hereunder, Borrower herby assigns to
Lender the rents of the Property, provided that Borrower shall. prior to acceleration under paragraph 18 lter+eof or abaadon-
meat of the Property. bsve the right to collect and retain such Hots as they become due and payable.
Upon acceleration under paragaph 18 hereof or abandonment of the Property. Lender shall be entitled to have a
receiver appointed by a court to eater upon, take possession of sad manage the Property sad to collect the rests of the
Property. including tboae past due. All rents collected by the receiver shall be applied first to payment of the coats of
management of the Property sad collection of rents, including, but not limited to, receiver's fees, premiums on receiver's -
bonds and nasonabk attorney's fees, and thou to the sums secured by this Mortgage. The receiver shall be liable to account
only for thoaa ratts actually received.
21. Fsrittre Adraacsti. Upon request by Borrower. Lender, at Lender's option within twenty yeas from the date of thu
Mortgage, may make Future Advance to Borrower. Stich Future Advances. with interest tber+eoa, 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 includins sums advanced in aocordanoe herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS- •
22. Release. Upon paymeat of aU sums secured by this Mortgage. Lender shall please this Mortgage without charge
to Borrower. Borrower shall pay all coats of recordation, if any.
23. Attor~ey'a 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 presettce of:
` .
~ ~ ~ (Seal)
• -B«row~r
~ ..........................................(Seal) -
STATE of FLORmw
. 21aXtin............Cottnty ss:
I 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 ELINOR .E ~ ..MER$ICK .
to me known to be the person(s) described in and who executed the
~ foregoing instrument and acknowledged before me that she........ executed the same for the purpose therein
expiessed.
WITNESS my hand and official seal in the county and state aforesaid this ~i.*."~=.~ '.......day of
~ ~ebxuax~ l9.. SA
My Commisaiioa expires: ~ •
~ S r,~h~i ~ YRa 18 ht41914 ........fir. ~ . .
:(3 Notan Pua~c
y ~ r~'
~ry K J ~
t
4, ' _ J• ~ _
- y~ ~j(~,(+1 t ~
- (Sptct titlow This Lint Reserved For tefldtr sad Rteorded
Y
I
i9~~ fE~ 27 A~ 'r ~o
FILED 1?BC hfCO~.G; J
[ ST. LUCIE C C'v7iT Y. t L a. -
9 RGGER P017RA5
CLERK CIAC!!iT/~Cu j
't p` ?
4'x'285 l
RETURN TO:
Q~~ C. NORRIS TILTON
f PacE L7rtrV AnORNEY at L/1W
Box 526 _ _ _