HomeMy WebLinkAbout0988 1 ,
prior to e~itry of a ~u~gment enlurcing this Martgage if: ~a1 Burrower p:?y~ Lcn~er al! ~um. wh~rh w.~uid t.e ~hcn ~ue unJrr
this Murtgage, the Note and notes securing Fu~ure AJvancr., it a~ry, haJ no acrrlcrahun ik~urre~: Ih? Horruwer cure~
aU hreache~ of any other covenanb or agreements ol Bixruwer rumainrd in thi+ Mongage: (c 1[3.~rruw~r pa}+ ~I) rca+unaMe
expenses incurred by Ixnder in entorcing the covenanls and agrecments of Borrower ~untaineJ in thi, Alortgage and in
cnforcing I.endcr's remedies as providcd in paragraph f!t hcreof, ~nNucling, but not limited to, rca~onnhle attumc~'s fees: and
(d) Bc~rrower ~akes such action as l,ender may rea~onahly rcyuire to ~ssure that thc lien ol thiti ~lortgage. Lender's interest
in the Propeny and Barrower's ohligation to pay the sums secureJ hy this Mortgage ~hall continue unimp:ured. UEx~n such
payment and cure by Borrower, this Mortgage and Ihe ohligatiom ~ecured hereby sh:i~t remain in [ull force and effect as if
no acceleration had occurred.
2U• Assignmenf of Rents; Appoinlment of Recei~er. As additianal sccurilq hcrrun~ler, BorroHer hereb~• a~~ign~ to
l.ender the rents of the Property, provided that Borrc~wer shall, prior t~~ acceleration und~r paragraph 1 R hereuf ~~r ab;:ndon-
m~nt of the Property, have the rigM to collect and retain such rents as they becomc due and payable.
U~n acceleration under paragraph IR hereof or ah:~nJonment of the Pr~pen}, t_~nder sh:~ll he entitled to have a
receiver appointed by a court to enter uFx~n, take pcnsession ot and manage the Property and to collect the rents of the
Property, including those past due. All rents callected by the receiver shall he spplied fir~t t~ pa~ment of the costs uf
management of the Property and collecUc~n of rents, including, hut nut limiled to, recei~•rr'~ tees, prem~umti on receiver's
twnds and reasonahle attorney's fees, and then t~~ the sunts secured by this Mortgage. The recei~•er shaii tx: h:,nie ~o :~c~ounc -
only for thosc rents actually rcceivcd.
21. Fufure Advances. U~n reyucil b} f3~~rruwcr. I.cnder, at I endcr's option within twcnty years from thc date of this
4lurtgage, may make Futurs Advan~es to Borrower. Such Future A~lvances, with interrst therean, shall be secured b~~ this
Nortgage when evidenced by prontissory notes stating that said note+ are ~ecured hcreb~. At no ~ime tih~ll the principal
amount of the indebtedness secured by this Martgage, not including sums advanced in accordance herewith to protect the
~ecurity of this Mortgage, exceed the origin~l am~~unt af the Note plus USS. . . ~QN~ . . . . . . . . . . . . . . . . .
22. Rdease. Upon payment of att wms secured by this Mortgage. l.ender shaN rclcase this Mortgage without charge ~
to Borrowcr. 8orrower shal! pay aU costs oE recor~ation, if any.
23. Aftorney's Fees. As uud in lh~s Mortgagr .~nd ~n the Notc, "~tt;~rncy's frrs" shall ~nclud~ att~~rncy'ti fec5, if an)~. I
which may be awarded by an appellate court.
lN WITNESS WHERF.OF, Borrow~r has cxrruteJ this Mc~rtgagc.
Signed, sealyd and delivered
in thc presence of_ I
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~ ~ ;RPB~RT J.~VILARDI -eo..~„~,
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_ ` ,_L L ,C~-~ ' . ~~1v~:~C1r:.~~-'1. .~L~'.`~.~/.~-~.~ . . . Seal ~
" GINA S. VILARDI -eo,«„~.
ST. LUCIE ~
S~['ATE OF FLORIDA, . . . . . . . • • • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .COU(lty SS: ,
I hereby certify that on this ~ia}•, tkfore mr, an oflicer cluly authoriz~d in th~ stat~ afuresaid and in the count~~
aforesaid tc~ take acknowledgemcnts, ~xnonally appeared. ROBERT. J... .1~ILARDI- a~d -GINA- S~.~ -VILARDI~,~
. . .h15.1~11~~ . . . . . . . . . . . . . . . . . . . . . me knuwn to tx the person(s) describcd in and who executed thr
foregoing instrument and acknowledg~J bcforr me thst ....they. .....cxecut~d the same for the purposr thrrein
expressed_
Wi7NESS my hand and ofiicial sra{ in thc cuunt~• ar~d statr aforesaid this. .......dav of
..........,J.une iy...83.. "
My cq~i~siop exp~res: ~
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~ ~ `~7'!~~ f ~ Notary Public
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