HomeMy WebLinkAbout2857prior to entry of a judgme~t enforcing this Mortgagc i(: la- Borrowe~ pays LFnJc~ •rll sums which would be then due under
this Mortgage, the Note and notes securiog Future Advances, if any, had no acceleratian a:curred; (h) Borrawer curcs
all breaches of any other covenants o~ agrcements af Barrower,contained in this Mongage; Ic1 Bormwer pays all reasonable
expenses incuned by Lender in enforcing the cavenants and agreeme~ts a[ Borrower contained in this Mortgage and in
e~forcing Lender's remeclia as provided in parag~aph 1 R hereof, including, but not limited ta, rca~onabie attomey's tees: and
(d) Borrower takes such action as Lender may reawnably reyuire to assure that the licn of this Mortgage, l_ender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall cantinue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the ubligations secured hereby shall remain in tull force and effect as if
0o acceleration had occurred.
20. Assignmenl oi Rent~ Appoiatmeal ot Receiver. As additional ucurity hereunder, Borrower hereby assigns to
Lender the rents of the Property, providcd that Borrower shall, prior to acceleration undcr parag~aph lA herco[ or abandon-
ment of the Property, have the right to collect and retain such rents as ihey become due and payable.
Upcm acceleration under paragraph 18 hereat or abandanme~t of the Property, l.ender shall be entitled to have a
receiver appointed by a court to enter upon, ~ake possession o! and manage the Property and to collect the rents of the
Property, including those past due. All rents rollectecf by the receiver shall be applied 6rst to payment of the costs o(
manageme~t of the Property a~d collection of rents, including, but not limited to, receiver's fees, prtmiums on receiver i
honds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 'Il~e receiver shall be liable to account
only tor those rents actually received.
21. Future Advaacea. Upon request by Borrower, 1_ender, at I_ender's option within twenty years from thc date uf this
:1lortgage, may make Future Advances to Borrower. Such Future Advances, with inte~est thereon, shal! t~e secured by this
1lartgage when evide~ced by pr~missory notes stating that said notes arc ~ecurecl hereby. At no time shall the principal
amount of the indebtedness secured by this Mor~gage, not including sums advanc d' c dance herewith to protect the
security of ~his Mortgage, exceed the original amount of the Note plus USS. ... ~~.~~~•~b
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22. Rekase. Upo~ payment of all sums secured by this Morigage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all ccxts of recordation, if any.
23. Attorney's Fee~. As used in this Mortgagc and in the Note. "attorncy i fees" shall include attorney's fees, if any,
which ma}• be awarJeJ by an appellate coun.
TN WITNESS WHEREOF, Borrowcr has cxrcuted thi~ tifortgagc.
Signed, sealed and delivered
in the presence of:
. .~~ ~ . . . . . . . . . . . . . . : ~- ~- Lrr .!~~ . . . ~tr. .'''~. . (Seal)
~ ER E. FRENCH ~ -eonower
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J K . FRENCH .~. ~.
STATE OF FLORIDA, . . . . . , St . Lucie , , , , , , ,Councy ss:
I hercby certify that on this day, b~forc mr, an otli~er dul?• authorized in the stat~ :tforesaid and in the county
aforesaid to takc acknowledgrments, prrsonally appearcd ..$OBERT E. FRENCH and JEANNETTE K.
•-----• .......................
-•--•- FRENCH,. H3.s wife . ............ to me known to tx: the person(s) described in and who executed the
turegoing instrument and acknowledgcd befor~ mc that. ... they _.,..~xecut~J the samc tor the purposr therein
cxpressed.
W~THESS my hand and ofi'icial s~al in the county~ and state aforesaid this. .30th _,,,.,day of
...~+~1C~A!ber . . . . . . . . . . . . . . . . . . 19 . 80 . ..
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(Space Betow T~is L~ne ptserved For Lendersnd RecOrdet)
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ROGER POlTR~S
CIERN CIRCISIT CG~_
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