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prior to entry of a judtmeat eaforcin~ this MortjaQe it: (a) Bo~~ower pa~n Lender all sums wbicA wouid be ti~en due undsr
this Mortaa~e~ thc Note and notes ~ccuring Fu~u~e Advsnces, if aoy, had no accelaration occurrcd; (b) Botrowet cims
all. brouhes ot any ahe~ covenants or agreements of Borrower contai~ed io this Mongage; (c) Borrorwer pays all rea:onable
expeasas iocurred by Lender in enforcing the covcnants aod agreements of Borrower conuined in ibis Mort~e aud ia
en[orci~j Lender's remedia as provided in paragraph 18 hereot, including, but not limited to. rca:onabk attorney's fea; aod
(d) Bor~ower t~tltes such action as l.ender may reasortably rcyuire t~ assure that the lieo of this Mortaage, Lepder's isterest
in the Propeny and Borrawer i obligatioo to pay the suma secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgag~ and the obligations securcd he~eby shall remain in full fotce and effe~t as if•
no accelaatio~ had oc~ur~ed.
20. As~wwe~t of Re~lr. A~a~eat of Receirer. As additional securit~• hereunder. Borrower hereby assijas to
Lendtr t6e rents of the Propeny, provid~d that BurroN~er shall. p~ior tu acceleratioo under paragraph 18 heroof or abandon-
rr~ent of the Pmptny. have the right to collect and retain such rrnts as they become due and payabk.
Upon acceleration undar parasraph 18 hercot or abandonment of the Propeny, Lender shall be entitled to lwve a
receiver ;ppointod by a court to enter upon, take p~ossessiun of and manage the Propeny and to colltct the rents of tbe
Property~ including those past due. All rents collected hy the receiver shall be .pplied first to payment of the costs of
manaaement of the Propeny and collcction uf rents, including, but not limited tu, receivtr's feu, prcmiums oa roceiver
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bonds and reasonable attorney's fees, and then to the sums secured by this Mongage. The rcceiver shatl be liabk to aoeount
oaly tor thoae rcnts actually received.
21. Fuh~re Ad~anca. Upon request by Borrower, l.ender, at I.ender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thercon, shall be securod by this
Mort~age when evidenctd by promissory notes stating th~t said nota are secured hereby. At ~o time shall the principal
amount of the indebtedness secured by this Mongage, not including sums advanced in accordar~ herewith to protect the
seturity of this Mortgage, exceed the original amount of the Note plus USS . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Rdea~e. Upas payment of all sums secured by this Mortgage. Lender shall release this Mortga~e without char~e
to Bomower. Borrowe~ shall pay all costs of recordation, if any.
23. Atforeey's Fea. As uxd in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees, if aoy~
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, seakd and delivered
in tbe Dresence of: (Seal)
~ E NBTB T80MAS RAY
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(Scal)
~ M ALE RAY
. (Sea1)
. (~1)
STA?E OF FLORIDA, St . Lucie County ss:
I hereby certify that on this day, before me, an officer dul~~ authorized in the state aforesaid and in the county
~ afonsaid to take acknowledgements~ personaUy appeared
~ KENNETB THOMAS RAY and NANCY McHALE RAY , husband and wife
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, to me•known to bc the prrson(s) described in and who eaecuted the
, foregoing instrument and acknowledgcd before me that Borrower executed the same for the purpc~se thec+ein ~
` ~eapressed
WtTt~tESS my hand and official seal in the county~ and state aforesaid this 30th day of
December , 19 82
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~ NOTaRY PUBtI~ STATE OF fLpR~
MY COM,~JSStO~~ EXPI~S JUNE 18 198~ ~
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