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HomeMy WebLinkAbout25651 .i rt i ~~ ,, -,~ 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 ra accekration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all treasonable expenses incurred by Lender in enforcing the covenants and agreements of BotTOwer contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonabk attorney's fees; and Id) 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 the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred. 20. Assigttmeltt o[ Rettts: Appoiattttent of Receiver. As additional security hereunder, Borrower hereby assigns to Lender the rents of the Properiy. provided that Borrower shall, prior to accekration 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 entitlod to have a receiver appointed by a COUrt to enter upon, take possession of and manage the Property and to.colkct 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 bonds and reasonabk attorney's foes, and then to the sums secured by this Mortgage. The receivec shall be liable to account only for those rents actually received. 21. Frthre Advattcta. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this Mortgage, may make Future Advanoas to Borrower. Such Future Advances, with interest thereon. shall be secured by this Mortgage when evidenced by promissory rates 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, excoed the original amount of the Note plus USf. --------------------- .. 22. Release. Upon payment of all sums secured by this Mortgage, Lender shall rckase this Mortgage without chargt to Borrower. Borrower shall pay aU coats of recordatan, 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. iN WITNESS WHEREOF, Borrower has executed Signed, sealed and delivered in the presence of: . .~ .. ~ .. this Mortgage. ~' ~ /~ r v!~ 6wt-~ ... j ........`'1'/~ !(~'..... (Seal) Indravadan N. Pandit -aO"~01NS` . . ~ Q V ~! .`~. ~ : '~. l..`. ~`.! ~ ~ ~-{- . (seal) Devayan i I . Pandit . ~O`t°~"s` STATE OF FLORIDA, ......St . Lucie ........................County ss: I hereby certify that on this day, before roc, an officer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appearcd...Iadra~adan. N... Pandit. and .DQVayar*i •I. • • - Pandit, his, wife , , , , , , ., to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that..Chey........executed the same for the purpose therein expressed. WITNESS my hand and otlicial seal in the county and state aforesaid this...........zSCb.........day of ~~.M~,~~1S A on expires: ....G.~~'.'4~~! . %!V~. ~r"c,'?L/~~~ ................. . '. A~, ~...~,~^,, Notary t~,aie ~ 'gyp; %~~'s cv ~. ; ~~, ~ ' ~• Z o -' Nc ~ry FubAc Slor~ of Flcrtdo ~_ p' 'i! ~f ~ t'~ _ of tw9~. My Cwnad++~+ ExpttN 7T~~c~ '~ Y ~l~ X, Morch7, 19114 ~. .•. f ~''~••., .r ~r~.1~"", t5psce Below This LiM Reserved For Lender an0 Rocoraeh ~~..C.....~ _.._. _. .. _ _.._ _ _.... ~9~0 OEC 12 P~- ~: 31 FILEQ RIrC F£COR61'a ST. LUCif COUN f Y. Ft A. R06ER POITRAS CLERK CIACUII t.'pURy~ atcas+~ rrelftl f!_ _ -'j' 510389 _ _. X349„ 2569 ~~ ~.