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HomeMy WebLinkAbout2162 ~ ail ' prior to entry of a judgment enforcing thi: Mortgage if: (a) Borrower pay: Lender all sums which would be then due under this Mortgage. the Note and rates securing Future Advances, if any, had no acceleration occurred: (b) Borrowet taros all breaches of any other covenant: or agreements of Borrower contained in this Mortgage; (c) Borrower pays all roasonable expenses incurred by Lender in enforcing the covenagts and agreements of Borrower contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof, including, but rat limited to, reasonable attorney's fees: and (d) Borrower takes such action as lender may reasonably requiro to assure that the lien of this Mortgage, Lender's interest in the Property sad Borrower's obligation to pa) the sums secured by this Mortgage shall continue unimpaired. Upon such payment and taro by Borrower, this Mortgage and the obligations secured hereby shall romain in full force and effect as it no accekntion had occurred. 20. Aadpsetl of ReNs; AppoiataleN of Receiver. As additanal securitlt t~der, Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acoekration~uer paragraph 18 hereof or abandon- ment of the Property. have the right to rnllect and retain such rents a< 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 rnurt to enter upon, take possession of and manage the Property and to rnlkct the rents of the Property, including those past due. All rents collated by the receiver shall be applied first to payment of the costs of management of the Property and collection of roots, including, but not limited to, receiver's foes, premiums on r+eceiver's bonds and reasonable attorney's foes. and then to the sums secured by this Mortgage. 111e receiver shall be liable to account only for those rents actually received. 21. Ftrtare Aivatacea. 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 sxured 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 tht security of this Mortgage, exceed the original amount of the Note plus USS..-.'-"-"--'~-'-'---" 2Z Rekaae. Upon 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. Attortaey's Rees. 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 presence of: . . . . . G.. Seal ~ s~~eph Benz/~ 'BOf°""` .....%.li(.'~~ . (Seal) Velma I. Benz ~Of'D"1ef STATE OF FLORIDA, St • ,Lucie County i 1 hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the cotmty aforesaid to take acknowledgements, personally appearcd....loseph. C....Beoz. arui .Velma..1:...Beciz,....... ...his. ~ti.fe 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. WITtvESS my hand and of5cial seal in the county and state aforesaid this....... $ih :............day of z I My Commission exptres: . ~ .y~~~13 ~ 1~;~., Notan Public Pb+ery 1ebRc S~or• d Florida o ~ ~ ; ~ ~ l/ro•. My ca•adrdon EsplrN ~ ;:'tip ~ . -1 i ~ - Mord~ 7. 1912 ,`,r. ~ . ~ I, ~ _ to - ~y ~ I ~ ` ~ ISP+~ TAis Line Rtserved For Lender sod Recorder) 'J / - a~~~ ~~ai~~7a iao~ 48304 J 19r~0 JIP~ 21 All ~ 40 t;t.E811 C>ltGN? CMIRT j rsEt;iRb YER1Ftf Q.._-~-- • - BCIUI~(~ ~AGf~~