HomeMy WebLinkAbout2905prio~ to entr~~ of a judgment enfurring tFiiti \lortgage it : 1 a) Borruwer pay~ l.en.lcr all wm~ which wauld be then dur under
this Alortbagc, the Note and not~s ~ecu~ing Fulure AJvanre~, if any, had n~~ acceleratiun cx:curred; Ib) Burrower cure~
all breaches of a~y other covenams ~~r agr~ements ~~t HurruWCr c~~nta~ne~ ~n thi~ Murtgage; Icl Borrower pay~ all re:~sonable
expenscs incurred hy LenJrr in enforcing the an-enant+ anJ :~gr~r~nrnts ~f Borrower cun~:~ined in this Mortgage and in
enforcing I.enJrr's remcdies as p~ovidcd in p~ragraph IK here~~f, in~luJ~ng, hut nnt limited to, re~sonable ~ttorney's fees, and
Id) Borrower take+ ~uch action as 1_ender ma~ reaw~~abl~ reyuire to ati~urr that the lien of this Afortgage, 1_ender's intereu
in the Prooert}• and Barruv-er's obligation to pay the ~ums cecured by thiti 1lortgage 4ha11 continue unimpaired. i;~x~n such
p:+~ment ancl cure by Borrower, this `lortgagc and the nbligatiuns securrd hereb~• ihall remain in full force and rfiect ~c if
no ac~eleration had occurred.
20. Assignm~nt of Rents; AppoiMment ot Receiver. A. .~dditiunal tiecunt~• hcrcundcr, Borruw•er hereby a~.igm t~~
Lrnder the :rnts of ~he Prc~pc:r.y, pru.idr~l th:~t Burruwcr .hall, prior ~o ;~rrelcration under par•rgr•rph 18 hereof ur abandon-
m~nt ~~f the Proper~y, have the nght to collec~ and «ta~n wch rents as they become due anJ payable.
Upon acceleration under paragraph 18 hereof or ahand~>nment of the Propen~~, I.ender shall be entiUed to have a
recciver ap~inted by a~ourt 'o enter upon, take posse~si~~n ot ~nd manage the Pmperty and to collect the reM~ of the
Property, including those past due. All rents ru!IecteJ b~• the recei~~er ~hall be applied first to payment af the costs o(
management of the Proper.y and cullectiun u( renh, including, hut nu~ 6mited to, recei~~er's fee~, premiunu on recei~•er'ti
ha>nds snd r~asonabte attorne}''s fees, and then tc~ the wms ~ecured h~• this Mortgage. The receiver Shal! t~e liable to account
onl}• tor thusc rents actually received.
21. Fulure Adapnc~. U~n rcyucst b~ BurmNCr, Lender, at t.endcr's optii~n wilhin twenry yean from thc date of this
~lortgage, n~ay make Future Advances to Borruwcr. Such Future Advance~, vvith intere~t thereon, shall he secured b~• this
titortgage when evidenced by promissor}• notes stating thar se:d notes are ~erured hereby. At no time shall the principal
amount of ihe indeE;e:3n~~ s~~urc~ b}• ihis hlortgage, not i~cludin~ sums advanced in accordance herewith to protect the
secunty of this Mortgage, exceed the original amuunt of the Note pius USS _ . . . ~~ . . . . . . . . . . . . . . . . . . . .
22. Release. Upon payment of all sums secured by th~s Mortgage, t_ender shall release this Mortgage without charge
to Bvrruwer. Borrower shaU pay all costs of recordat~on, if any.
'~i_ AKt,..n~y~~ ~i~~c, Aa; .. ~'~ ... ~/~~c t4~;.rt., ....:.1 ... ~1;~ A.:,.~a ~~~nrru_v'c (swc" ch~l) :n_I~~r1n ~lfnrnn~'c ~~oc_ i~ ~nV
which ma}• be aw•arded by an appellate court.
IN WITNESS WHf.RFOF, Borrowcr has cxccuted this Mortgagc.
Signed, sc:ated and delivered
in thc pr~srnce of:
. . . . . . , . ~ : . : . !.°. ./~%., .~' . . . . . . . . . . . . . . . . .
., ,
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STATE OF FLORIDA, . .
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OSBOFdQE i~I~~R O' QUINN -8o-rowe.
` ~ G~!? ~.C4-2~ ~~i~ . . ~~:'.~4Sea1)
~~~~ ~Z' 0 ~ Q(.JI~ ~ -8orrowtr
, ST. LUCIE . .County ss:
..............................
I hereby certify that on this day, before m~, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgemrnts, prrsonally appc:ared. .. ..~`~.~~ ~1~.~~~~_~. N~~~~....
~
.~~.~. ~~ . ........ .. .. .. .... to me I:nown to b~: the person(s) described in and who executed the
foregoing instrument and acknow~lydgrd beforr me that. .~1eY. ......ezecuted the same for the purpose therein
eapressed. ~
A ~
WITPiESS my hand and official seal in the cuunt}~ and state aforesaid this. . . . . .Z! . . . . . . . . . . .. .. .day of
. I'?arcl? . . . . . . . . . . . . . . . . . . . . . . . . . . 19 . 81. . .
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(Space 8elow This line Resened For lender and Recorder) ,
1981 ki„ - I F;~ 2~ S7
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