HomeMy WebLinkAbout2347pnor ~o en~ry oi a ~udgment cM~~rcing this \1~•r~gage il ~ ~ a 1 Bo~mwer pay~ Lcndcr ~II su~nc which would he then due under
ih~~ Murtgagc, ~hc Nale anJ not~~s ~ccuring Futurc Advanrc+, ~t any, had n~~ rccelcraliun uccur~cd: Ib- Borrower cutes
all hreache~ at any other caven;~nta o~ agrecmems ot Burruwrr runlained in ~hi~ Miutgage: Ic! Borrower paya all reasonable
expemes incurreJ by l.ender in enforcing the ruvenants and agreemrnh o( Borrowe~ contained in this Morlgage and i~
enforcing l.ender i remeJies as ~xovidrd in ~ragraph 1 R hrre~~l, mc1uJ~~g, bu~ not limited to, reas.~nahk a~torney's tees; and
1 d 1 B~~rrower ~akes such action as I.ende~ may rea~:~~ahly rcyu~re to a~sure Ihat the I~en of Ihix Mortgage, Lender's intere+t
in thr Prope~ty and Burrawer'1 ohligatian to pay the sum> >ecured by this :1longage shall con~inue unimpaired. Upon such
paymen~ and cure by Barrower, thi~ \tortgage and the obl~gat~an~ ~ecured hereb~• shall remain ~n (ull torce and efTec~ as it
no accckraaon had occu~rcd.
20. Assignmenl ot Rents; Appoinlment o( Recej~er. A. adil~lional ~ecunty hereunder. Borrov-er hereby a~signc to
Lrnder the rcnt~ oi the Prope~ty, pru~•ideJ that Burruwrr ~hall. prior tu acccl~ratian under parag~aph 1R hcreof or abandon-
mrnt of ~he Prope~ry, have the nght ta coUect and rrtam such rrnt~ as the~• become due •rnd payable.
Upc-n ac~eleration iinder paraKraph Itt hcr~-~-f or ahandonmcnt of ~he Propcny, I.ender ~hall bc cntitled to have a
receiver ap{x~imed hy a court tu emer upc•n, takr Fx~~x»iun ~+f a~d managr the Pmperl~~ and to collert ~he rents af the
Prcpe~t}•, including ~ho+e pa~t dur All remti cullecteJ b~• th~ rece~ver +hall he applied fir,t lo Ew}•ment ot the co~ti o(
mrnagemrnt of the Proprny and collectiun uf « nt.. inrluding, but nut (~miteJ tu, recci~•er'~ fre., premium. on receiver'~
txmd~ and rra~onaMe attorne~'s (ec,, anJ then ta thr ,um. ~ecured hy thi. 111ungage. The receiver ,hall i,e liahle to account
onl~ I.,r tho~c rents actually rcceivcd.
21. Fulure Ad~ances. U~xm reyucct b} BorruMCr. I.cnJer, at 1 ender'ti ophon w~thin tw~en~y ycarc from thc date ot this
\t~~ngage, m•ry makr Futu~e Ad~~ance~ to Borre~wcr. Such Futurr Ad~ancr~, with intere.t ~here~~n, shall be aecured M• this
~tur~gage when ev~denecYi hy promit~i~ry no~es ~t~ting Ihat ~-r~d natc~ a~r ~ecurrJ hereby. At no time ~haU ~he ~+rincipal
.~m~~unt of the indehtednes+ secured by thi, Mortgage, na~ mcluding wm, ad~•anc~d ~n acco~dance herewuh to protect ~he
~rCUrily ot lhis I~1~,~~gaRe, r~reed the ~rig~nal ~m~~unt iH thC tio[c plus l'SS 't Q] rj ~ ~Q
22. Releue. U~~n payment of •rll sumc ~ecureJ b}• th~s Mortgage, t.ender shall relcaSC this Mortgage without charge
to Bo~ruw•cr. Borrowcr ~hall ray aU ~o~tt ~~f ~ccorJ~Uon. if an~.
23. Attorne~'s Fees. At u~cd in th~s Mortgag~ and m thc iVutc. "euorncy'ti frci" shall ~nclude attorney's fecs, if any,
Hhich ma)• tk awarJeJ b~• an appellate c~~urt.
IN WITNI SS ~YIIEREOF, Borrowcr ha~ rxrcutcd thi~ ~tortgabc.
Signrd, sralyd livcred
in thr pr~sc c of-
L~` - Scal
( )
-Bwrower
i ;
~C~~~ ~i' ') ~Y~ (Seal)
-eo..owe.
(Sea~)
-so..ow•.
~SC~)
-$orrower
~SCB~~
-BOROWl~
($C8~)
-8orrower
SiATE OF FLORIDA, ST. LUC I E
County ss:
1 hercby certif~• that on thiti day~, txfore mr, an otlirer dul~ au~horiud in th~ ~tate a(oresaid and in the county
~foresaid to takr acknowlcdgrmcnt., ~ rnonally appcarcd
MERYLE STEVEN ALLEN AND SHARON ANN ALLEN, HIS WIFE
, u, me knuwn tu tk thr prr~on(~) describcd in and who executed the
furegoing instrumcnt and acknowlydg~d befur~ mr that THEY cxecut~d thr ~ame for the purpose therein
cxpressed.
22ND
WiTtvESS my hand and official ~cal in thc cc~unt~~ and statr aforesaid this day of
DECEMBER .19 80 ~
My Commission cxp~res:
[seslj
. .;~,1 -
~':~- ~ ~~'
~ ~'- - a
e~ ,,, ~ ~ -. ,~ ~.~
~~ . . . ~y~ : • ~ :l ~~y - _
~Idary Pub~ic : ~ _ . . " • .+ ~ i~ =
N019ry P bli('. S~;tt~ n} FlnriA? ~f-.1_2!t .O.f.:~ .. ~' i,
wly COmm~s~or E~,~~~~ ~,,~ 5 ;~.~..~_~ .
(Spsce Be1ow This line Rexned Fo~ Lcnder snd Retorder)
FLORIDA UOCUMENTARY STAMPS AFFIXED TO ORtGINAI NOTE AND CANCELLEO
~,~ ~ epuoi~ }o'd~o' a1;'i'S ~~e~~sqH
~ 80~~5 PaGE~.J4U -
~~