HomeMy WebLinkAbout1537 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pay: Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, it any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrowec pays all reasonable
expenses incurred by Lender in en[orcing the covenants and agraments 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 Tess; and
(d). Borrower takes sucfi 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 continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations se:.ured hereby shall remain in full force and effect as if
no acceleration had occurred.
T0. Asalgasneat of Rents; Appointment of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property, provided that Borrower shall. prior to scceleration 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 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 collected by the receiver shall be applied first to payment of the coats of
management of the Property rnd collection of rents. including, but not limited to. recd+er's fees. premiums on receivsr'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. Future Advaace+s. 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 interat 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 socured by this Mortgage. not including sums adva in aooordana herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS.. .
S2. Release.. Upon payment of all sums secured by this Mortgage: Lender shall relapse this•Mortgage without charge
to Borrower. Borrower shall pay all costs of rseordatian. if any.
23. Attorney'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.
tN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered -
in the presence of: ~ •
_ . _ , i~~_ _ _ , - - _ LIGHT. & .LIFE FELLOWSHIP r . ING t;.
v. d
Noncan W. .Platte Presiders ~ `
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STATE OF FLORIDA ~ COUNTY OF SAINT LUCIE
80
1 HEREBY CERTIFY. That on this 3-~/ day of - r . A. D. 19~-.
before mf personally appeared - I0~!lAN .W. PI,ATi'S ~
{ tigf~i _ _ President aYiU _ - - - - - - _ - ! of
LIGHT & LIFE . IIaC • a Florida not for~rofit to mt .
to be the ru described to and who executed the foregoing instrurrrent. and seoeraUy acknowledged the eze-
~ known perso
c~~tan-thereoj to fie their free set and deed as such of
jicenr. for the wee and purposes therein mentioned: and that dhy
a//fixed thereto the of
fictal seal of sold eorpornt[on, and tha said instrument is the act and deed of said oorpor+atton.
~VTTNESS my hand and ojf
fetal seal at Fort Pier~ca ' said county and state. :j
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: , ~ . ~ ~ ~ Notary Public, in for -State and County Af
onaaid.
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