HomeMy WebLinkAbout0827 -
prior to entry of a judgineot enforcini this Mortgage if: (a) Borrower pays Lender all gums which would be rhea due tlada
this Mortgage, the Note and notes tiecuring Future Advantxs. it gay, nag tw ix~sipitiwi. 3.:.w":".~; !b) ~rrc+~?es curs
ail breaches of any other covettaats or agroetnettt: of Borrower contained in this Mortgage; Borrower pays all rsasonaWe
expenses incurred by Lander in enforcing the ooveaagts gad agreanents of Borrower ooatained is this Mortgage and is
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to. reasonabk attoraey'A fees; and
(d) Borrrwer takes such action as Leader may reasonably require to assure that the ties of this Mortgage, Leader's interest
in the Property gad BortatrePs obligation to pay the sums secured b~? the Mortgage shall oontiatle unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall r+emaia is full force and eRect ss if .
no actxkratan bad occurred.
b. Asa~weN of Ret11>q ANiolrtt~sewt of Recdtra. As additional security heeeuader, Borrower herby assigns to
Lender the rents of the Property. provided chat Borrower shall. prior to accekration under paragraph 18 hereof a abandon-
ment of the Property. have the. right to collect and retain such rents ss toey beware due gad payable.
Upon acceleration under paragraph 18 hereof or abattdonrnatt of the Property, Larder sbap ba entitled to have a
receiver appointed by a court to enter upon, take possession of std manageinc rrv~~ to ~ the Hats of the
Property, including those past due. All rents rnllected by the rotxiver shall 64 applied first to payment of the costs of
management of the Property and rnllection of rents. including, but not limited to. receiver's fees, premiums oa receiver's
bonds and rcasonabk attorney's feex, and then to the sums secured by this Mortgage. 'ILe receiver shall be fiabk to account
only for those rents actually retxived. .
21. Ii~Ilhrre AivaKYS. Upon request by Borrower. Lender, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to 13orrovrer. 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 Ito t~hte shall the priadpal
amount of the indebtedness secured by this Mortgage, red including sums advanced in aooordanoe herewith to protect the
security of this Mortgage. exceed the original amount of the Note plus USS ' '
22. Releare. Upon payment of aU sums stxttrod by this Mortgage, Lender shall reka9e this Mortgage without charge
to BotTOwer. Borrower s6a11 pay all coats of rooordation, it any.
23. Attorney's Fees. As used in this Mortgage and in the Note. "attorney's fns" shall include attorney's fees, if any,
which may be awardod by as appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, seated and deGver+ed -
in the presence of:
~Gt~~i . .4~~... Seal
)
L1 Cutshai i
. ~i,~ r. f ..................(Seal)
f . , • Theodora L. Cutshai i
SreTE ot= Iit~1N~.........tli chi~gan .~..11V - -QtWdbjl~:
I hereby certify that on this day, before tae, o r y authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared...lloyd. H..CutShdLL .god. 7heQdoea.l......... - ~
Cut~ha i i him .w't fe to Ire known w' be the person(s) described in and who executed the -
foregoing instrument and acknowledged before me that...tbCy.......executed the same for the purpose therein
expressed.
WITNESS my hand and official seal in the county and state aforesaid this...... 7th ...............day of
~~~~~..~w.~.,~. . 19..80...
Any~'~~ ~ gnu ~ ~ Z ~ ~ 9h/ ~ fi..
v
. . Iswtl ~ i _ y NotMr poetic -
' ~ V. D. SCAFIi
~ ° No1or~ tilrWic. Waryna GotailY. Mkjs i
r~ - `r ~ C,o~r~Itt. 6vYro wltgr l~ l
. ~
_
.t
ISP~ Below This Lim Reserved For lender sad Itsowdsq
CN~C:4G0
T'T-~~- f~ 497290
t p!~
RCr- %~:::ic
. FLQR~DA 350
~oauU2s~~z2
f 1LED ANC ~f COb~f D
SL LUCIE COUNTY. it A.
R06ER POITRAS
CLERK CIRCUR COIdtT
' 8Cp! c~7 PAGE . ~ .