HomeMy WebLinkAbout1488prior to entry of a judgmcnt entorcing this Mortgage if : l a) 8orrower ~ays l.enJer :~II sums which would be then due under
this I-tortgagr, the Note and notec securing Future Advances, if any, had no acceleration occurred; Ib) Borrower cures
all breaches of any other cuvenants or agreements of Borrowe~ rontaineel in this Mongage; Ic) Borrower ~+;~ys all reasonablt
expenses incurred by Lender in enforcing the covenant~ and ag~eements of Borrower contained in this Mor~gage and in
enforcing l.ender's remedies as provided in paragraph 1 R hereaf, ~ncluding, hu~ not limited to, reasonable attorney's (ces; and
(d) Borrower takes such action as Ixnde~ may rcasonably reyuirc to assure that the lien o[ this Mortgage, l.ender's interest
in ~he Prooerty and Borrower's abligati:~n to pay the sums secured by this Mortgagt shall continue uniinpaired. Upon such
payment and cure by Borrower, this Mortgage anJ the obligations secured hereby shall remain in tull forct and effect as if
no aczeleration had occurred.
20. Assignment ot Rents; Appointment of Recef~er. As adJitional security hereunckr, Borrower hereby a«igns to
Lender the re~ts of the Properry, pruvided that B~rrowcr shall, prior ~o accelcratian under paragraph 18 hercof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
U~n acceleration under paragraph 1 R hereof or abandonment ~i the Propeny, I.ender shall be entitled to have a
recei~•er appointed by a court to enter upon, take possession of and man~ge the Property and to collect the rents of the
Property, ~ including those past due. All rents a~llected by the receiver shall be applied first to payment of the costs of
management of the Property and coltection of rent~, includi~~g, but not limited to, receiver's fees, premiums on receiver's
twnds an~ reasonable attorney~'s fees, and then to the sums secured b}• this Mortgage. The recei:er shall he liable to account
only for those rents acwally received.
21. Future Ad~~ancea. Upon reyucst by Horrov-~er, 1_ender, at l.endcr's aption within twenty years from the date o( this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall he secured by.this
Murtg3ge when evidenced by prun-issory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note ~i~s uss.NQNE . . . . .. . . . . . . . . . . . . . . ..
22. Rekase. Upon payment of all sums secured by ~his Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pa~~ all costs of recordat~on, if any.
23. Attarney's Fees. As used in this Mortgage and in the Note, "att~rney's ices" shall include attorney's fees, if any,
which may be awarJed by an appellate court.
IN WITNESS WNEREOF. Borrower has executed this Mortgage.
Signed, sealed and delivered
in the pre ~nce of:
i.~ ~ ~' •
. . . . ~' ~ ~ . . . ~ ~ . . . . . . . . . . . . .
................/.:......($C~~
~D~ RASHID~ _e,.,o,,,,e.
~l~y~ ~.Ct~~ .~CZsI~'.c:0~............(Scal)
NUZ~T ~RASHID -eo-rower
St . Lucie . .County ss:
STATE OF FLORIDA ......................................•_
I hereby certify that on this day, before mc, an officer duly authoriud in the state aforesaid and in the county
aforesaid to take acknowledgcments, personally appeared . . . _ . Ahmad . Rashid . and• Nuzha~ • • • • • • . . . •
- • • •Rashid; • h~~s• ~ife - • • • • • • - • . ., to me known to be the pcrson(s) described in and who eaecuted the
foregoinginstrument and acknowledged before me that..t~gy.......executed the same for the purpose therein
expressed.
WiTNESS my hand and official seal in the county and state aforesaid this. ._..... 27. th •-.••••••.day of
....Feb~~a~y ....... .. ........ .. 19. .g~...
My Com i~sion exp~res: ~ ~ ~ ~ /
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