HomeMy WebLinkAbout1999 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 rates securing Future Advances, if any, had no acceleration occurred; (b) Borrower cura
all breaches of any other eoveaants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all raasonabk
expenses incurred by Lender in enforcing the oovenagts and agreements of Borrower contained in this Mortgage and is
enforcing Lender's remedies as provided in parsgraph 18 hereof, including, but not limited to, reasonable attotT~ey's tees; and
(d) Borrower takes such action as Lender. may reasonably require to assure that the lien of this Mortgage, Lender": interest
in the Property and Borrmver's obligation to pay the sums secured by this Mortgage :hall continue uaimpaired. Upon such
payment gad curt by Borrower, this Mortgage and the obligatio~rs secured hereby shall remain in full force and ef[ect as if
no aocekratioa had occurred. .
20. Assiptent at Rents: A~oiM¦reN 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 Pr+op4rty. have the right to collect gad retain such rents as they become due gad 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 possession of and manage the Property and to collect the rents of the
Property, including those past due. All rents collated by the receiver shall be applied first to payment of the casts of
management of the Property and collection of rents, including, but not limited to, receiver
s fees. premiums on rceeiver's
bonds and reasonable attorney's foes. and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. lFtrtrrre Aitaseas. 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 sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS.. - . • • • . • • - • • • • • • • - • • • • • • • •
22. Rsfkaae. UpQa payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Adorsey"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 tbe oresentx of:
. ~
. ~ ~ - • ~ ~iF~~!4: (Seal)
l` Robert V. Lippe -ter
~ ~ ~ .(Seal
Helen F . Lip
St. Lucie .Count ss:
STATE OF FLORIDA y
I bereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in tbe county
aforesaid to take acknowledgements, personally appeared.. Robert V. • Lippold _ and Helen. F., I,i~ld~
.h~S. Std.fe tome known to be tbe person(s) described in and who executed the
foregoing instrument and acknowledged before me that...~1eY.......executed the same for tbe purpose therein
expressed.
i
WITNESS my hand and otBcial seal in the county and state aforesaid this........ ~h...........day of
.........JtIUB 19.$4....
~ ~r
- rroary A,aie
d fie-
r ~ , d Notory•hblk Srote of Florida
:ti of large. Mr Coerinipn be
- ~ ~ ~ : i Mercfi 7, 19tt2 plra
~ ~
~•..,wti1~~ts t
.
(Space Below TAis Line Resenrod For LenOer and RecordeO .
CHICAGO TITLE INSURAA ENUEMP~Y.
2717 ORANGE 4
~s~ .A,l+~ 25 ~ 2' 20 FORT PIERCE, FLORIDA 334
' FILED ~kC F:l:Uitul p i ,
S1 LUCIE CWififY.FIA.
~ ROt"aER POINtAS
CLERK CiRCU1T COU TQ
BFCDRD YCR1flE0~
4945
' ~ ~ ~a~~t3 P~i997