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HomeMy WebLinkAbout0716 • - ~ r ~~.,..t S -r . ` E 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 rwtes sxuring Future Advances,. if any, had ao acceleration occurred; (b) Borrower cures all breaches of say other ooveaaata or agreements of Borrower rnntained in this Mortgage: (c) Borrower pays all reasonable expenses incurred by Gender in enforcing the covenagts and agreements of Borrower contained in this Mortgage and is enforcing Lender's cerr>Kdies as provided in paragraph 18 hereof, including, but not limited to. reasonable attorney's foes; and (d) Borrower takes sucb action as Lender may reasonably require to assure that the lien of this Mortgage. Lender': interest in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and curs by Borrower, this Mortgage and the obligations secured hereby shall remain in fuU fora and ei[eM as if ~ no aooelentioa had occttrrod. M Assigrrnse~t of Rea>fs; AMolatsaed of Receiver. 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 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. Leader 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 i Property, including those past due. All rents rnllected by the receiver shall be applied first to payment of the cosu of management of the Property and collection of rents, including, but not limited to, receives s fees. premiums on receiver's i bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. 'I~e receiver shall be liable to account j only for those rents actually received. ' 21. Fotrre 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 Advances, with interest thereon, shall be secured by this a 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 acc:ordanee herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS.. i 22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without- charge i to Borrower. Borrower shall pay all costs of recordatan. if any. 23. Attorney'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 delivered in the presence of: / /'G~.......... Y... c~a..1...,~l1~. • (sue) Frank A. Marion -e«.o~?.. _ STATE OF FLORIDA, St...Lucie ....................County ss: I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the cwunty aforesaid to take acknowledgements, personally appeared..... FraYlk .A.. Ma>rionr . an iui¢oarried loan.... . to me known to be the person(s) described in-and who executed the foregoing instrument and acknowledged beforc•me that....he........executed the same for the purpose therein i expr+essed. ~ ~ WrrNESS my hand and official seal in the county and state aforesaid this..........?#~?...........day of ~ l~Ch ................19.80.... i ! Notary ties ~O al Lo?oe. Mr Pia ~a a t.. _ y - ~ - 1 n . - (Spate Below This Lin! Reserved For Lender and RacaOeq 9 , ~,a z~o~ . jj ~ t;~J 190 HAR 26 All 47 ! Flt. o ~ rt:coiei,i u +r~lac cal ~It>i~vl:avlEo ~~~N B~ 328 P~~F 716