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HomeMy WebLinkAbout1335 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 notes securing Future Advances. if any, had no acceleration occurred; (ti) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by bender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in enforciug Lender's remedies as provided in paragraph 18 hereof. including, but not limited to, reasonable attorney's fees; and (d) Borrower takes such action as Lender may reawnably require to auurc that the lien of this Mortgage, Lender's interest in the Property sad Borrower's obligation to pzy the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no accekration had occurred. 2B. Asdguleat at Rest Appolntwent 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 acakation 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 collected by the receiver shall be applied first to' payment of the coats of management of the Properiy and collection of rents, including. but not limited to, receiver's fees. premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to amount only for those rents actually received. 21. Ftitare A~aacts. 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 tha 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 ?,2. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all coats of recordation, if any. 23. Attorsey's Fos. 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. I ITNESS WHEREOF, Borrower has executed this Mortgage. . Si ,sealed and delivered in D of: - ...............(Seal) - VEA MITH STATE OFFLOAIDA,...:~ :St..LUC~E ......................COUntySS: I hereby certify that on this day, before tne, an officer duly authorized in the state aforesaid and in the county - aforesaid to take_pcknowledgements, personally appeared...... NdnCy, A., CartrQl 1, and , , , , , , , , , , , , , , , , , , , Vea J ; 5011 ttttll to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged be,(ore me that they........ executed the same for the purpose therein li expressed. WtTrtESS my hand and o~'icial seal in the county and state aforesaid this..... 26th ..............day of I , , Au~,ust 19~..... :N My Commission expires: !L/~~..... . [saa4 Notarp Public r, - ~ - ~ + ~ ; 1f#?i l' I~ ~ Notary Public, Stats a/ + L,ar9+.' ~ _ My Commission Expi~ % I; - 198 ~ r C (Space Below TAis Lino ReservW For lender and Rawrde~ a r 49'l5'T7 AU& 27 P!I 2~ 43 ~ 1980 r FILED ftt0 PECOROEO { S[ LUCIE COUIt i Y. f ll A. i ROGER POI?RAS ~ IxEib( CIRCUIT COURFQ _ ~ cam; RECCP.O VERIfIEO___. LL ~ Boai~~ PAGE1~~ ~i ens ~