HomeMy WebLinkAbout1613prior to entry of a judgme~t en(orcing ihis Mortgage i(: la) Borrowcr pa~s l.ende~ all sums which would be then due undcr
this Mortgage, the Note aod notes secu~ing Future Advancea, if any, had no accelcration occurred; Ib) Borrower cures
all bresches of any other coveoants or agreemenu of Borrower contained in this Mortgage; Ic) Borrower pays all reasonable
expensa incurred by Lendzr in enforcing the covenaots and agreements oi Borrowe~ contained in this Mortgage and in
enforcing Leoder's remedia as provided in patagraph 18 he~eof, including, but not limited to, reasonable attorney's (ees; and
(d) Borrower talces such action as Lender may rcaw~ably reyuirc to assure that the lien of ~his Mortgaqe. Lender's interest
in the Propeny and Borrowe~'s obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upan such
payment and curc by Borrower. this Mortgage and the obligations securcd hereby shall remain in full force a~d effect as if
no acceleration had occurred.
20. As~nmeal of Reat~ Appoiatment of Recei~•er. As additional security hereunJer, Borrower hereby assigns ta
Lender the nnts of the Property. provided that Bormw~r shall, prior to acceleration under paragraph 18 hercof ar abandon-
ment of the Property, have the right to collect a~d retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereot or abandonment of the Property, l.ender shall be entitled to have a
receiver appointed by a court to enter upon, take possession of aod manage the Property and to collect the rents of the
Property. including those put due. All rents collected by the receiver shall be applied first to pa~~me~t of the costs of
management of the Property and collection of rcnts, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonable attorney's fces, and the~ to the sums secured by this Mongage. 'il~e receiver shall be liable to account
only for those rcnts actually received. '
21. Future Advancta. Upon request by Borrower, Lender, at I.enJer s option within twenty years from the date of this
Mortgage. may make Future Advances to Borrower. Such Future Advances, with i~terest th:reon, shall tx 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 Mongage. not including sums advanced in accordance herewith to protect ~he
security of this Mortgage. exceed the original amount ot the I~ote plus USS. . . • . • . . . • • • • • • • • • - • - • • • • • • --
Z2. Rekaae. Upon payment of all sums secured by this Mortgage, Lender shall relesse this Mortgage without charge '
to Borrower_ Bomower shall pay all costs of recordation. if any.
23. Attomey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Sign ealed and delivered
in t rese of: ' ~
' ' ,
d r ~~ ~~`~~~ ~- - ...'. .. .. .. . . ~
. ~ • - . . . . . . . _ . . . . . . . . . . . . . . . . . . . . (V . Ri chard Monai el l . . '-s«*~:.
: ~ g,Y`~'"~„
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Cami 11 e~bngi el l o --~~H
STATEOFFLORIDA,...,,St..LuCie .........................Countyss:
1 hereby certify that on this day, before rm, an officer duly authoriud in the state aforesaid and in the county
aforesaid to ta~e ac$n~~ledggments, ~rsonally appeared. .N. .Richard ,Mongiell.Q.a~d. ~~rli.lle.. .. .. ...
.... , r•ion~ie_ . o,. til S.Wl e. _,,, to me known to be the persoA(s) described in and who executed the ~
foregoing instrument and acknowledged before me tha:. th~Y. .-.....eXecuted thc same for the purpose therein
expretsed. ~ ~ ~ ~
:
Wt'[I~tESSD~y h~d~and ofiuial seal in th8e1county and s te aforesaid=this.....?O~h ...............day of
. ::~~•~:' ~.~~d.r-.Y........... ~9. .... .-l
e'M Comm;~~ ea ~ .' ~ ~ + ;
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~ Notar~,~yErc; S:a:c cf Fi~r.da at large
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'.r} ~' M~Gbf[1~itsion Expires Oct. 30, 1484
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(Spsce Below This Line Reserved For Lender and Recorder)
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Port 5t.I.ucie Bank
gp0 E. Prana v~sta
Port St. Luc~e. Flonda 33452
~:~~ 349 P~~E 1613~
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