HomeMy WebLinkAbout1388 prior to entry of a judgment eatorcing this Mortgags if: (a) Borrower pays Leader all wms which would be rhea due under
this Mortgage, the Note aced note securing Future Advances, if any, had no aootlentioa occurred; (b) Borrower cures
alt breaches of any other covenants or agrcemeab of Borrower contained is this Mortpge; (e) Borrower pays ail masonabie
expenses incurred by Leader in enforcing the covenants and agreement: of Borrower ooatsiaed is thh Mortgage and is
esforciag Lender's remedies as provided in paragraph 18 hereof. including, but not limited to. reawaabk attorney's fee; and
(d) Borrower takes such action as Lender may reasonably require to asaurc that the lien of this Mortgage, l.eader'a 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 :ball remain is foil force ssd efkct u if
no accekratiou bad oc_
currcd.
20. Aad~eM o[ RerNtq A~oietntent of Receher. As additional security hereunder, Borrower hereby assigns to
Lender the rent: of the Property, provided that Borrower shall. prior to accekratioa under paragraph 18 hereof or abandon-
ment of the Property, have the right to collkct and retain such rent: as they becoate due aced payabk,
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 costs of
management of the Property and collection of rents, including, but not limited to, receiver's fees. premiums on receiver's
hoods and reasonable attorney's tea. and then to the sums secured by this Mortgage. 7Le receiver shall be lisble to account
only for those rents actually received. .
ZI.. Frrttrre Aitasicee. Upon request by Borrower. Lender, at Lender's option within twenty years from the date of fhb
Mortgage, may make Future Advantxs to Borrower. Such Future Advances, with interest thereon, shall be secured by the
Mortgage when evidenced by promissory soles stating that said notes arc secured hereby. At no time shah the principal
amount of the iadebtednas secured by this Mortgage, not including sums advanced in aocordanoe herewith to protect the
security 4f this Mortgage, exceed the original amount of the Note plus USS...
?2. Release. Upga payment of all sums secured by thu Mortgage. Lender :hall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation. if any.
23. Attorstey's Feria. As used in this Mortgage and in the Ntxe. "attorney's tea" 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: `
~'`~J~-....!~ s~ . ~ (seal)
f. ncolri ~ $ne a _~t„,~,w
/~l~~J ........(Seal)
Anne '1): '~neade
STATE OF FLORipA, ,St,, Lucie . . . . . . .~tutty ss:
~ It hereby certity that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared.. Lin~ol~ E. ,Slteade and, Apne ,D, , ~Speadg ~ , ,
~ , , , , , his wifg, , , , , , , , , , , , , , , , , , , , , to me known to be the person(s) described in and who executed the
~ foregoing instrument and acknowledged before me that....theY......executed the same for the purpose therein
expressed.
WirNESS my hand and official seal in the county and state aforesaid this......13th , , . , .day ~
....i~tQ~~ .....................19 aQ....
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(SO~a aNoMr This lkt~ R•srv~d For LenO•r and R~oottMh
r3~2l3~d 7~~~ f LEO AND RECOROEO
3nN'?/1tJ ~~t':tJ~U LILZ g~.LUCIE GOL'2;TY.FLA.
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CLERK ~~;"r J' 1 COUR Q
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. soo342 P~1387