HomeMy WebLinkAbout1037prior to e~t~y of a judgm~~t enforcing this Mortgage if : 1 a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and ootes securing Future Advances, if a~y, had no acceleration occurred; Ib) Borrower cures
all broa¢hes of any othe~ cavenants or agreeme~ts a( Borrowrr co~tai~ed in this Mortgage; (c) Bo~rowe~ pays all reasonable
expens~s incurred by l.ende~ in e~forcing the covena~ts and ag~eements of Borrower contained io ihis Mortgage a~d in
enforcing I.ender's rcmedies as provided in paragraph I R hereaf, including, but ~ot limited to, reasonable attomey's tees; and
(d) Bo~rawer takes such actioo as l.ende~ may reasonably reyuire to assure that the lien of this Mortgage. l.ender's interest
in the Propeny and Borrower's obligation to pay the sums secured by ~his Mortgage shall continue u~impaircd. Upon such
paymeot and curc by Borrower. this Mortgage and the obligations secured hereby shall remain in [ull force and eBect as if
no aeceleration had occurrcd.
20. Assi~emeat of Rents; Appoiatmeal ot ReceJve~. As additional ucurity hcreunde~, Borrower hereby assigns to
l.e~der the rents of the Prope~ty, provided ~hat Borrawer shall. prior to accele~ation under paragraph 18 hercof or abandon-
ment of ~he Property, have the right to collec~ and retain such rents as they become due and payable.
Upon acceleration under paragraph I R hereof or al~aodonment of the Property, Lender shall be entitled to have a
receiver appointed by a coun to e~ter upon, take ~ssession o[ and manage the Property and to collect the rents of the
Prcperty. including those past due. All rcnts collected by the rcceiver shall he applied first to payment of the costs of
management of the Property and collection ot rents, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonable attorney's tees, and the~ to the sums secured by this Mortgage. The rcceive~ shall be liable to account
only for those rcnts actually received.
21. Future Advaacea. Upon request by fiorrowe~, 1_ender, at l.ender s option within twenty years from the date of this
~lortgage, may make Future Advances to Borrower. Such Future Advances, with i~terest thereon, shall t+e secured by this
~lortgage when evidenced by promissory• notes stating that said notes are secured hereby. At no time shall the principal
-rmaunt of the indebtedness secured by this Mortgage, not including ~ums advanced in accord~~e 11e~Y-+ittl lo protect the
security of this M~rtgage, exceed the original amount of the Note plus USS 1~ 1 U. U 0
22. Release. Upon payment ot all sums securcd by this Mortgage, l.ender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, it any.
23. Attoraey's Fees. As used in this Mortgage and in the Note. "attorney's tees" shall include attorney's fees. if any.
which may be awarded by ao appellate court.
IN WITNESS WNEREOF, Borrowcr has cx~~cuted this Mortgagc.
Signed, sealed and delivered
in the presence of:
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`~ LCE.`~ ~ ~
~ ~i'""_~~ (Seal)
THOMAS J , F LAC~ -~•~
` ~~r 1~~~~ ~' t5ea1)
MARY L. RYACK -ea~
(Seal)
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~onower
STATE OF FLORIDA, ST . LUC I E
County ss:
I hereby certify that on this day, bc:[ore me, an ofticer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgrments, prrsonally appeared
THOMAS J. FLACK AND MARY L. FLACK, HtS WIFE
.~u me known to be the pcrson(s) describcd in and who eaecuted :he
foregoi ~- ~ mcnt and acknowledged before me that THEY cxecuted the samc for the purpose therein
e~~ , a 7~ d s
~. ',~~nd oflicial seal in the count}~ and state aforesaid this 19TH day of
c, ; .~ ~R o~ -: , 19 8 0
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FLORIOA OOCUMENTARY STAMPS AFFIXEU TO ORIGINAL NOTE AND CANCEILED
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