HomeMy WebLinkAbout2496prior to entry of a judgment enforcing this Mortg:~ge it: I ~) Borruwer pays t.enJer all sums which would he then due under
this Martgage, the Notc and notes securing Future Advanccs, if any, had no :~cceleration occurred; Ib) Borrower cura
all breaches of any other cove~ants or aRre~:ments of Borrower contained in this Mortgage; (c) Borrower pays aU reasonable
expenses incurred by l.ender in enforcing the covena~ts and agreemrnts of Borrower contained in this Mortgage and in
enforcing l.ender's rcmedies as provided in parag~aph IR hereof, including, but not limited to, reasonable attorney's fees; and
Id) Borrower takes such action as [xnder map rea~unaM~• rcyuire ~o assure that the lien of ~his Mortgage. Lender's interest
in the Property and Borrower's obligation to pay the sums secured hy this Mortgage shall continue unimp2ircd. Upon such
~yment and curc by Bonower, this Mortgage and the ~~bligations secured hereby shall remain in fuil force and efiect as if
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20. Assignment of Rents; Appointmenl of Receiver. A~ additic~ia! security hercunder, Borrower hereby assigns to
Lcndcr the mnts of the Proprrty, pru~~iJrd that Borruwer sl~ai{, prior to acccleratian under par~graph 18 hereof or abandon-
mrnt of the Property, have thc right to rollect and ret~in such rcnts ss tbey become d~+e and payable. • •
Upnn accelerati~n under paragraph 18 hereof or ahaiedonmeM of the Property, Lender shall be entitled to have a
rrceiver appointed by a court to enter upon, take posse,siun uf and manage the Property and to collect the rents of the
Property, i~cluding Ihose past due. All rents coll~cteJ by thr rec~iver shall be applied first ta payment of the costs of
manageme~t of the Propeny and rollrction uf rents, inclu~ing, but nut limited ~o, receiver's tees, premiums on receiver's
bonds and reasonable attorney's fecs, and then to thr Sums ~e~:ur~~l by this Mortgage. "I?~e receiver shall be liable to account
c~nly for ~hose rents act~ally received_ ,
21. Futurc Advances. UFx~n rryucet by Rorruwrr. Lcndcr. a! I cndcr'c option within twcnry ycars from the date of this
I~tortgage, may make Future Advances to Borrower. tiuch Future A~van.:cs, with interest thereon, shall he secured by this
Mortgage when evidenced by promissory notcti ~trting that ~aid note. arc tiecured hereby. At no time shall the principal
amuunt of the indebteclness seGured by this Mongage, not ~ncluding sums advanced in accordance herewith to protect the
security o( this Mortgage, exceecl the original amoum ot the No~e plus USS...----r.------r--------..
22. Rek~e. Upon payment of all sums secured by thu !~fortgage, I.ender shall rclease this Mortgage without charge
to &~rrower. Hcx~c~wer shall c~v ~11 costs of recc~rd:tti.~n_ i( .±nv.
23. Attorney's Fees. As uscd in this M~~rtg3gc and in the Not~, "atturney's f~~;s" shall include attorney's fees, if any,
which may bc awarJed by an appi:llatc court.
IN WITNESS WHERf.OF, Borrc~wcr has cxrcutc~ this Mc~rtgagc
Signed, sealed and detivercd
in th~ prcscncc of:
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S~~Tf ~F _ St. Lucie ~
floride• .............._._ ...........---~-~- Coun~qs:
1 hercby certify that on this day, tx~fore mr, an oflircr Jul} :suthoriud in the statc aforesaid and in the county
sforesaid to takc :~ckn~~wledgrmcnts, prrsvnally app~arcd. . .Leo. B.ronee. and l~1a~io~• J-.• •BFO~ee•,- • • • • • - -
. . h ! s. .w l f ~ . . . . . . . . . . . . . . . . . . . . . . . . . . tu me known to tx the Ex rson l s ) described in and who executed thr
foregoing instrumrnt and ackn~~wlcclgr~! bet~~rr mc rhst ...th~y• .-.-..~zecuted the sam~ for the purpose therein
ezpressed.
W~Txess my hand and ofliciai ~ral ~n thc r.~unt~ and ~tat~ aforesaid this. . . . . . . 2D.th . . . .. . . _ . . . .day of
..... March.......---~---..._....19..$1...
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