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HomeMy WebLinkAbout1688t~.i1i ~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, 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 IR 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 continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and tht obligations secured hereby shall remain in full force and effect as if no acceleration had occurred. 20. Assignment of Rents; Appointment of Receiver. Ac additional security hereunder, Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 1 R 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 o[ 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 tees, premiums on receiver's bonds and reasonable attorney'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. Future 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 he secured by this Mortgage when evidenced by promissory notes stating that said notes arc secured hereby. At no time shall the principal 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. ?., 325.00 _ 22. Release. Upon payment of all sums secured by this Mortgage, 1_ender shall release this Mortgage without chazge to Borrower. Borrower shall pay all costs of recordation, it 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. IN WITNESS WHEREOF, Borrower has executed this Mortgage. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE UPON MATURITY IS $2,804.20, TOGETHER WITH ACCRUED Signed, sealed and delivered INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER in the presence o'f: THE TERMS OF THIS MORTGAGE. .. ~~~%l~!'V... .................... .. ~. .. ... 1 ............ (Seal) "• B~~EjjRT E . BAU:ER _ JR , • -Borrower ~~'~I~~C~. • ~ ~......... .. /.((/L.~., ekZ~[ ...(..f... ~~.l~Cc'~ ....(Sea!) " DOROTHY A.~UFER ~~ -Borrowe+ STATE OF FLORIDA,........... St.. ~+ucie ...................County ss. I hereby certify that on this day, tnfore me, an officer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared . ~Q$~iT. ~... )BAiT~R , . JR...artd . DORD~'!iY .A..... . .. ~~R. , . h:ts. ~~e ................. to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that .. the7T .......executed the same for the purpose therein ~xpresscd. WITNESS my hand and official seal in the county and state aforesaid this ..... S1<h ...............day of ......~ecembf=r .................. . 19 $0.... . My Commission cxptres: ts~0 .. .................. pU6l1C STAB ~ ~CttIDA AT Nolary Public NpTp1tT ,iE 211983 rnr COr~r.A~iSStat ~~ NS ~p10BtwitlTER3 tt~D t tiRU GE,~iEitAL ~.)i/{' ;~ ~ •' y 1 ,l.. s: ~ ~;~,,, q - • ~:~• .- .;;~. E 1 ._a`~+GA~yce i. (Space Below This Line Reserved For Lender and Recorder) ~,~ ~~o y~o . a of ~~~~ ~~~ A~~ 1980 DEC -9 PN ~ ~ S Ftlfi~ I-t~[ °:catafo st.LUC1E cculttr.ft A. ROGER POITRAS CLERK CIPCt11T COU i~ 5iJ~~839 aoai~4 P~cEi~$ t-- . ~ .