HomeMy WebLinkAbout2157pnor to enuy ~~t a ~udgment entorc~ng ~h~s ~1~~rtg~ge -i: ~ a1 Burrc~wer ~y~ 1 rnJer all sums which would he then due under
ihi. Mortgrge, Ihe Note a~d notrs ucunng Fuwre /ldvan~e., i[ any, had n~~ accelec•rtion occurred: 1h> Bo~rower cures
all hrcarhe~ at aoy othc~ covcnants or •rgreemrnis ~~t Borruwcr coo~ained in ~his Mongage: Ic) ~orrower pays all reasonable
expemes inrurred by Lende~ in e~torcing ~he ~ovenants and agreements of Bo~rawer cantaincJ i~ 'this Mortgage and in
cnforcing LenJc~'s temc~lies as providcd in p•r~agraph tK firrrof, mcluding, hut not timitecl to, reasonable attomey's tets: and
(d) Borraw•cr takes surh action as I.enJcr may rea~on~hly rcyuirc to as~u~e that the l~en of this Mortgage, l.tnder's intcrest
in the Propeny and Borrower's ohligation ta pay the sums srcured b~• ~his Morigage shall continue unimpaired. Upon such
payment aod cure by Borrawer, this Mortgage and the obl~ga~ianc secured hereby shall romaio in full force and efkct as if
no accelera~iun had e~ccurred.
20. AssiRnmenl ot Rents; Appoinlment oi Recejver. A. add~tional cecunty hereunde~, 8o~cower hereby a~tiigns to
t.rnde~ the rents ot the Prciper~y, pmvided ~hat Barrower .hall, prior t~~ acceleratio~ under parag~aph 1 R hereof or abandon-
ment a( the Proper~y, have the right Io roilec~ and retain such rcnlc as Ihcy berome duc anJ payable.
U~x~n acceler~tion under paragraph 18 he~eot or ahandonmcnt ot the Propeh~, Lender sha11'fie entitleii to havr a
re~:eiver apEx~inted hy a court to eo~er upcm, take ~~se»~un ot and manag~ the Properly and ~o collect the rents of the
Pn~perly, i~cluding Ihosr {+ast due All rents collected by Ihe rcceivcr shall he applied fir~t to p~yment ot the cos~s of
management of the Prapeny and caflrcti~m .~i rrnt~, mcluding, but nut limited to, receiver's fee+, premium~ on receiver's
~x~nJ~ and rrasonable attarney's f~ti~, anJ then tu the ~um- ,ccured by thic M~xtg:+ge. 'i?-e receiver ~hal1 he liahle to account
only tor ~ho~c rents actually reccived.
2i. Fulure Ad~•ancts. Upon rcyuest M Burrowrr, I.cnder, at I.endcr'~ uption w•ithin twenty years from ~hc Jate of this
1lortgage, ma~~ make Future Advanc~s t~~ Borrowcr. Such Futurr Advancr~, wi~h intere~~ Ihereon, shafl he setured by this
~turtgage when e~idenced hy promi~sory no~e~ titat~ng that tiaid note~ arr aecured hereby. At no time shall the principai
amount of the indebtedness secured by this At~~r~gage, not ~n~luding sumt ad~•anced in ~gc2rJ~Og hgrgwith to protect the
srcunty ot lhia Mortgage, e~ceed the orig~nal am~.~~n~ of the Note plus USS Z~ 0.• UU
22. Release. Upon payment oi all ~ums cecured b~° th~s Mortgage, I.ender shall releau tfiis Mortgage without charge
to Borruwcr. Borrowrr shall pay all cotits o( ~ccordatiun, it any.
23. Attorney's Fees. As uKd in ~his Mor~gage and in thc '~1atc. "al~orney'c fres" shall includc auorne)•'s fees, if any,
v-hi~h ma) t-~ awardcd by an •rppellatc couri.
~N WITNESS WHERFOF, Borrowrr has rx~cutcd thi~ Mortgagc.
Signed, scalcd and deli~crcd
in thr Drescncc of:
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CREATIVE HOMES BY MA7HtkS. ~~ti : •
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M 1 A E L D. MAT ~t~['!`' '~~~~ -
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~7~/l q ~ ~ i ` ~ ='~r . ~ (seal~ .
~ T R. BROWN, SECRETARY --~~~«
(Seal)
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~--6orrow~r
19°0 ~E~ 30 P~ i2~ 4 9
fILEC ~~ ~' Gar•i~t : a), 7.p.7p
S,p B~R f OITRAST
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STATE OF FI~ORIDA. ST • LUC I E COUII[y' SS:
1 hcrcby ccrti(y that on this day, tkfon: mr, an otlic~r duly authorizrd in thc statr aforesaid and in thc count~
afore~aid to takc acknowledgrmcnt~, ~rxonalty appcar~d
MlCHAEI D. MATHIAS, PRESIDENT AND ELBERT R. BROWN~ SECRETARY
OF CREATIVE HOMES 6Y MATHIAS~ INC., A FLORIDA CORFORATiON
~ u, mc knuwn tu txx thr ~ rsonl t) describrd in and who executed thc
foregoing instrument and acknowlcdgrJ be(orr me that T}1EY rxecutcd the same for the purpose therein
expressed.
W~TNESS my hand and offic~al sral in thc rount~~ :~nd titatr aforesaid this 24TH day of
QECEMBER . 19 80
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~~~.~ + c~-,~ R.,,•; ~r. ~ Notery Publ~L,o1S'~'~~~D1~ F!crid~ at largv
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=L~;f ~" ~ - My Commission ExN~res t•.::.rc~i 23, i431
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FLORIDA DOCUMENTARY STAMPS AFFIXED TO ORIGINAL NOTE AND CANCELLEO - J
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tHELSFA Tf~LF 8 GUl~RANTr COMPANY
. t BOOK345 p~~E215 ~ ;
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