HomeMy WebLinkAbout0293 . j
~ . .
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays [.ender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; Ib) Borrower cures ~
all breaches of any other covenants or agreements of Borrower rnntained in this Mortgage; (c) 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 attorney's fees; and
(d) Borrower tskes such action as Lender may reasonably r:.quire to assure that the lien of this Mortgage; Lender's interest
in the Property and 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 ohiigations secured hereby shall remain in fuQ force and eRect as if
no acceleration had occurred.
T0. AsslproeN of Resrb; Appietsest of Receher. 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 ooliect 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 pos..ession 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 and collection of rents, including, but not limited to. receiver's foes. premiums on receiver's
bonds and reasonable attorney's foes, and then to the sums secured by this Mortgage. The receive shall be liable to account
only for those rents actually received.
21. Fehre Advances. 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 Advancers, 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 inckbtedness secured by this Mortgage, not including- sums advanced in accordance herewith to protect the
security of this Mortgage, exoad the original amount of the Note plus USt"-------~-~--~---•
Z2. Release. Upgn payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge `
to Borrower. Borrower shall pay aU costs of recordation, if any.
23. Attoreey's 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 de~ivered
in the presence of: -
c
......-Borr,ow~r i
Neil R.~Lee
..............................(Seal) i
St. Lucie .Count
STATE OF FLORIDA y
I hereby certify that on this day, before m~:, an otI'icer dul ~ thorned in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared.. Plyei~ R.• _I,eenher, .an.tuimarried, man _ .
to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that.....11e.......executed the same for the purpose therein
j expressed. .
! 8th
~ WITNESS my hand and official seal in tj~e county and state aforesaid this...... ...............day of
~ _ February 19.......
My Commission expires:
~ , .
_ jy ~t : Neiorp /abMc Slab of Honda
~ x#~.=,~ o~ lorpa. Mr Co~e;s~ion taplrq
•;~t - March 7, 1982
. is
~
.=',O :
~ r ~ f ^
~ v' '~l' / a
-
(Space BNow This LiM Ra~rvad For terWar and Retordsd
'
6~#~£~ b~l?101~ r3'?N31d 1210
A 0~
i.
ttEC~>f;
j
4'78898
• z
~~~K327 ~a~E 292