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HomeMy WebLinkAbout0775 } prior to entry of a judgment enforcing this Mortpge 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; Ib) Borrower cures all breaches of any other eovenantt or agreement: of Borrower contaglod in this Mortgage: (c) Borrower pays all reasonable expeasa incurred by Lender in enforcing the covenant: and agreements of Borrower contained in the Mortgage end in enforcing Lender': remedies u provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees: and (d) Borrower takes such action u Lender may reasonably require to auure that the lien of this Mortgage, Lender's interest in the Property and Borrower s obligation to pay 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 u if no accekntion had occurred. 21. AadtaaeM off RerNsl A~oidaseat of Receiver. As additional security hereunder. Borrower hereby assiglts to Lender the yenta 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 u they become due and payable. Upon acceleration under paragraph 18 hereof or abindonment of the Property, Lender shall be entitled to have a receiver appointed by a court to enter upon. take possession o[ and manage the Property and to collect the rents of the Property, including those put due. All rents collected by the receiver shall be applied first to payment of the costs of management of the Property sad collection of rents, including, but not limited to, receiver's teas. premiums on receiver s bonds and reasonable attomey's fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those rents actually received. 21. Ftrtttre Aavsutees. 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 tha indebtedness secured by this Mortgage. not including sums advanced irt,aooordanoe herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USs ?,2. Relearn Upon payment of a!1 sums secured by this Mortgage. Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all costs of recordation, if any. 23. Attonelr's Fees. Ace used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes, if soy. which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed aced delivered in the presence of: TM B. MINCH ~ ~lln~~ ...........(seal) ~ ~ S SAN Y. MINCN 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 county aforesaid to take acknowledgements, personalty appeared..... THAMAS .6..M~RCH .Sqd. $uSAN .11..t'~~t~~s . . • . •his• rr~i#.e to me known to be the person(s) described in and who executed the foregoing instrument and. acknowledged before me that..~l@y........executed the same for the purpose therein expressed. WITNESS my hand and official seal in the rnttnty and state aforesaid this... ,2nd . . . .day ~ Sep~etober 19.x.... • My Commission expires: ti ~ , r, tSaaq - Notary Public - • _ Notary Pubic, State of Florida if-Lsrgi~, My Commission hcpires Jana ~j;)9i3 ' - ~ `y _ (Space Below This LiM Reserved For Lender sad RecoMer) ,t . . R - 7 4sss2s 190 SEA' 10 .I= ~ 9 ftLEl` ~tk"F~COR(1f0 ST.llltlECOlg1TY.ilA. _ R(XiER POITRAS CLERK CIRCtt17 COi1R~T/~ f • g~~ PAGE pj~~ _ _ _ } } _