Loading...
HomeMy WebLinkAbout1362 . t t• _ • 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 rio acceleration occurred; Ib) Borrower curd all breaches of any other covenants or agreements of Borrower contained in this Mortgages; (e) 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 fend; and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage. Lender': iaterdt in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue uaimpairesd. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full fora and elfesct as if no acceleration had occurred. 20. Aadgermeat of Redfi AppolNmeat o[ 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 u they become dtx and payable. Upon acceleration under paragraph 18 hereof ar 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, receivers fees, premiums on receiver's bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. 'Ibe roceiver shall be liable to account only for those rents actually received.. TI. Feature Advaocas, 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 tberoon, 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 secured by this Mortgage, not including sums adv_a_no_e_d_i_n_s_o_oo_r_dan_a__h_er~e_w_ith to_ protect the security of this Mortgage, exceed the original amount of the Note plus USS. ?2. Releae+e. 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. Attorttiey's Fees. As used in this Mortgage and in the Note, "attorney's foes" shall include attorney's fees, if soy, which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered in the pr+esettce of: C H. Aanloth ...~1 G~~.-~?:~- :-.`C ~ ..'~1.c :~?'t :;~:~e~ ...[r4 a/. ~'?~:.~V (seal) lone Aamoth St. Lucie STATE OF FLORWA . ........................................COUt1ty SS: I hereby certify that on this day, before me, an officer duly authorized ' the~t~e afor~.said ~td i~t.tbe county aforesaid t take acknowledgements, personally appeared.. C: _ H ..Aamot~i an . _ one ..arno i s ......w i ~e . . . . . . . . . . . to me known to be the person(s) described in and who executed the ~I foregoing instrument and acknowledged before me that they .executed the same for the purpose therein expressed. j WI~t ~erhand and official seal in the80 unty and state aforesaid this.......... ~ 5 t...........day of I ~Q ~ ~ ~ ~p,res: ..G~~ . . ~ o ~ r Z _ i ~ ~y f~ ~ plptory ~ubRc StaN of Florida ' r Coesmission F.~t>ita ~ ~ at largo. My ' Mard+7, 19114 CtiiCAGO TfTLE ii`J~UhAi\:CE COMPANY ' , • ~ ~ . J; ~1•..~~ 2717 UiiAi~JGE AVENUE FORT PIERCE, FLORIDA 33450 (Spxe BNow This LiM Rtsavo0 for LerW~r and R~corOtQ 4 B 3 i J..L i. J'I ' J 1'.C~ ~ O~ ~ , ~ • . _ . 1#~ ' ~ L . . 5U'7819 X343 P~~Ei~l .4 ..v .y _ - ~i.