HomeMy WebLinkAbout1062 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, it any. had no acceleration occurred; Ib) Borrower cures
all breaches of any other covenants or agreements of Borrower,contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing 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 reasonably require to assure 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 rnntinue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as i(
no acceleration had occurred.
20. Assigaareat of Reatr, Appointment 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 abandott-
ment of the Properly, have the right to collect and retain such rents as they become due and payabk.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a
receiver appointed by a cogrt 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 costs of
management of the Properly 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. 'Ilse receiver shall be liable to account
only for those rents actually received.
21. Fnture Advances. 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 1
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 .............~'I,OOO.OQ
22. Release. Upon 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. Attorney's Fen. 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 the presence of:
. ~~G ~ ~
al j
Thomas ~M. ~ Burns ~ ~ ~ ~ ~ ~ ~ _eomo ~r
~ ~ _ ~
. ~ . ,~LCh~........(seal,
B1 z eth~ C. Burns -ao.,ow.r
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. personally appeared......Thomas N..Burns and .
..Elizabeth C. Burns , , , , , to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that....t~Y......cxecuted the same for the purpose the~ept"
expressed. -
yj
WITH m hand and official scat in th ounty and state aforesaid this......!. ~ t'~ •~da~` ~t;k: '
My Commission expires: . 1t
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Ised] - .Notary Public C~.~.~ .Y ..`C f'.~Rr"i • {
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I ~pTnRV cv?LIC STATE ~ FLORIDA AT LARGE •
I N • - - ~ `~'.~i%:S SiPT . 6 1984
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CLEftK CIRCUIT CCUR1
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