HomeMy WebLinkAbout1065prior to entry of a judgmcnt entorcing this Mortgage it: (a) Borruwer pays Lender all sums which would bc then due under
this 111ortgaqe, the Note and notes xcuring Fulure Advances, it any, had no acceleration occurred; Ib) Borrower curcs
all breaches at any olher covenants or agreements ut Borr.~wer cuotaincd in this Mongage: (c) Borrower pays all reasonable
txpensa iricurred by Lender in enforcing the covenants and agreements of Borrower co~tained in this Mortgage and in
enforcinq Lender's remaiies as p~avi~fed in paragraph I8 hereo(, includiog, but n~t limited to, reasonable attorney's fees; and
(d) B~rrower takes such action as (.ender may reawnably reyuire to auure Ihat the lieo ot Ihis Mortgage, I_ender's ioterest
in the P~ooeny and Bormwer's obligation ta pay the sums securcd by ~his Mortgage shall continue unimpaired. Upon such
payment and curc by Bonower, this Martgage a~d the obligations secured hereby shall remain in full force and eBect as it
no acceleration had occurred.
20. A~ameat ot Reats; Appolntmeat ot Receirer. As adJitional security hercunder. Borrower htreby assigns to
Lender the rcnts of tho Property, provideJ that Borrower shall, prior to acceleration under paragraph 18 hercof or abandon-
mrnt of the Property. have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph IS hereof or abandonment of the Property, Le~der shal) be entitled to have a
receiver appointed by a court to enter upon, take possessian af and manage the Property and to collcet the rents of the
Property, including lhose past due. All rents collectecf by ~he teceiver shall be applied first to payment of the costs ot
management of the Property and collection of rents, including, but ~ot limited to, rcreiver s tees, premiums on receiver's
bonds and reasonabk attorney's tees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only (or those rcnts actually received.
21. Future Adraaces. Upon request by Horrower, l_ender, at l.ender's option within twenty years from the date of this
Mortgage. may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes arc securcd hereby. At no time shall the pri~cipal
amount of the indebtainess secured by this Mortgage, not including sums advanc~ilL,'t~cordance herewith to protect the
security of this Mortgage, excced the original amount of the Note plus US;. .....,UIV~.
22. Rekase. lipon payment of all sums secured by this Mortgage. Lender shall rcleue this Mortgage without chuge
to Borrower. Borrower shall pvy all costs of recordation. if any.
23. Attoraey's Fees. As used in this Mor~gage and in the Note, "attorney's Eees" shall include attorney's fees. if any,
which may be awu~kd by an appellate court.
IN WITNESS WHEREOF. Borrower has exccuted this Mortgage.
Signed, sealed anJ delivered
in the presence ot:
. . . . . . . .~'~`~:' !3. . . . . . . . . . . . . . . . . . . . . .
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~M~ ~ AEL~ S . ~ McCAP
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'~ YNN S. McCARTY
STATE OF FLORIDA, . . . . . . . . . , ,St. Lucie . . . . . . . . . . . . . . . .County ss:
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orrow
. . . . . . . . . . . ($C3~~
-~o.rowa
I hereby certi[y that on this day, before me. an officer duly authorized in the state aforesaid and in the county
aforesaid to talce acknowledgcments, personally appeared . . MICHAEL , S . , ~1,e~~~X. .~rid . I~Xr1~. .S .. . . .
McCARTY~, ,his ,wife, ,,,,,,,,,,,,,, to me known to be the person(s) described in and who executed the
[oregoing instrument and acknowledged before me that. ....~heY. .. .executed the same for the purpose therein
expressed.
W~TNESS my hand and oflicial seal in the county and state aforesaid this. . . . . ,~b.~ . . . . . . . . . . . . .day of
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