HomeMy WebLinkAbout2965prior to e~try of a judgment e~torcing this Mortgage if: (a) Borrowcr pays Lender all sums which would bo the~ due under
this Mortgage, the Note and ~ota securing Futu~e Advances, it any, had no acceleration occurred: lb) Borrower cures
all breaches of any other coveoants or agreements of Borrowe~ cantained in this Mattgage; (c) Borrower pays all reasonable
expenses incurred by Lender in entorcing the covenants and ag~eements ot Borrawer contained in this Mortgage and in
e~forcing I.ender's remedies as provided in pa~agraph 18 hereof, including, but ~ot limited to, reasonable attomey's fees; and
(d) Borrower takes such action as Lender may reasonably rcyuire to auure that the lien of this Mortgage. Lender's interest
io the Property and Borrower's obligation to pay the sums securcd by this Mortgage shall continue unimpaired. Upon such
payment and curc by Borrower. this Mongage and the obligations secured hereby shall romain in full force and eBect as if
no acceleration had accurred.
20. Assigameat ot Rent~ Appointmeat of Receive~. As adJitiunal securi~y hereunder. Borrowe~ hereby assigns to
[_ender the rents of the Property, pro~•ided that Borrower shall, prior to acceleration undet paragraph 18 hereof or abandon-
ment of tho Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under parag~aph 18 hereof or abandonment of the Property, l.ender shall be entitled to have a
receiver appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the
Property, including those past due. All rents collected by the receiver shall be applial 6rst to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on rective~'s
bonds and reasonable attorney's fces. and then to the sums secured hy this Mongage. The receiver shall be liable to account
o~ly (or those rents actually received.
21. Future Advaaccs. Upon reyuest by Borrower, Lender, at Lender's option within twenty years from the date of this
Mortgage. may make Future Advances to Borrower. Such Future Advances, with intercst thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not i~cluding sums advanced in accordance herewith to protect the
security of this Mortgage. exceed the original amount of the Note plus USS. . . None . . . .. . . . . . . .. . . . . . . ..
22. Releise. Upon payment of all sums secured by this Mortgage. Lender shall rekau this Mortgage without charge
to Bonower. Borrower shall pay all costs of recordation. if any.
23. Attoroey's Fees. As used in this Mortgage and in the Note, "attorney's fea" shall include attorney's fees. if any,
which may be awarded by an appellate court.
IN WITNESS VNHEREOF, Borrower has exccu[ed chis Mortgage.
Signed, sealed and delivered
in the presence of:
~..~iL G~c- c~ ~J- ~;)( .c.~ uc~
.................../`/ .....................
~. . .. .
. . . . ~ ~ ~CAIN ~.TR~~~~f . .!?. ~ . . . . . .-Boeow~r
/ ,
, , ' r .~ -
.. ~tGI ~IN ~~...........(Seal)
--sorrawa
ST. LIICIE
STATE OF FLORIDA .........................................County ss:
I hereby ceriify that on this day. before me, an oflicer duty authorized in the state aforesaid and in the county
aforesaid to talce acknowledgements, personally appeared .. J~n .Gaio.. Jx.. .and . Yirginia . Cain,. .his . wife
. .. . . .. . . .. .. .. . . .. .. .. .. .. . . . . . . .. .. to me known to be the person(s) described in and who executed the
(oregoing instrument and acknowledged before me that. . Xh~y. .......executed the same for the purpose therein
eapressed.
W~rtvESS my hand and official seal in the county and state aforesaid this. . . . . . . . . .16th, , . . _ . . , _ ,~y of
. . . . JanuarY . . . . . . . . . . . . . . . . . . . .. 19. .~L . ..
My Commission exptres: •
• ~' +' ' %%J' . . .. . ... .. ...
~ ' ISM#} ' Notary PuAlie
:. e_ .~ Y~ R Y. , .
l ~~~ ~~~ • W~ FiOTARY PU~li~C S%a1F UF FtQQtDA /1T L/1b.;.
'r ~ .~f :~•-~ ~ MY COMMIS~~ON EY,DIRK 1AN. 26 198i
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~e •~I~r~j ~,., .• 't ~OND'O !HR!S GiNfRA~ INS IJNDEtWRITERS
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(Sp~c! BNOw This Line Ressrved FOt Llndlr and R~corde-)
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sr.~~crr;c~v;Y.Fid.
r~c~t n ro~r~ns
CCERK Ct~'CUi7 CGURT~
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