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prior to entry of a judgment enforcing this Mortgage if: Ia) Borrower pays [.ender ail sums which would be thc~ due under
this Mortgago, the Note a~d nates securing Futurc Advanca, if any, had no acceleration occurrcd: (h) Borrower cura ~
all breacha of any other covenants or agreements~of $orrower containcd in this Mongage; (c) Borrower pays all reasunable j
txpenses incurrod by Leadsr in enforcing the cove~ants and agreements of Borrower containtd in this Mortgage and in ~
enforcing Lender'a rem~dies as provided in paragraph 18 hereof, including, but aot limited to, reasonable attarney's fees; aed ~
(d) Borrower takes such action as Lender may reasanabty require to assure that the lien of this Mortgage. Lender's interest ~
in the Proptrty and Borrower's obligation to pay the sums sccured by this Mortgage shall continue u~impaired. Upon such
payment and cure by Bonower, this Mortgag~ and the obligatio~s securcd hereby shall remain in full force and effect as if ~
no acceleration had occumed. d
20. Aa~ignmeet of Reat~ Appoietmeo~ of Receiver. As additional securit}• hereunder. Borrower hereby assigns to J
I.rnder tht rents of the Properry, providcd that B~rrow~r shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Propeny, hav~ the right to collect and retain such rcnts as thcy become due and payable. ~
Upon uceleration under paragraph 18 hercof or abandonment of the Property, L.ender shaii be entitled to have a {
receiver appointod by a court to enter upon, take pQSS~ession of and manage the Property and to collect the rents of the 4
Property, including thoae past due. All rents collected by the rectiver shal! be applied first to payment of the costs of ~
management of the Property and collection of rents, including, but not limited to, rsceive~ s fets, premiums on receiver's ~
bonds aod reasonabk attorney's fees, and then to the sums securod by this Mortgage. The receiver shall be liable to account i
on(y for those rents actuaily received. ~
21. Fnture Adra~ces. Upon request by Borrower, Lendet, at L~nder's option within twenty yean from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shali be secured by this ~
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no tirm shall the principal
amount of the indebtedness stcured by this Mortgage, not i~cluding sums advan in accordance herewith to protect the ~
sccurity of this Mortgage, exceod the originai amount of the Note plus USS. . . ~A
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22. Rdea~e. Upoo payment of all sums secured by this Mortgage, Lender shall release this Mortgage„ ~cbarge
to Borrower. Borrower shall pay all costs of recordation, if any. '
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23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include ~~~'_~~T"~: ~ ~l
which may bo awarded by an appellate court. ~~'f _
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IN WITNESS WHEREOF, Borrower has executed this Mortgage. ~
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Si ed sealed and deGvered 'f ' F~ i~ . ~ . : ~ ~
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in the orese o PORT ST. LUCIE PRflPEi~'~$'~ ~ ,
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BY : PHI l I PETRU L I, PRES ~
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STATE OF FLORIDA, . . . . ST•. .~~Y4~ . . . . . . . . . . . . . . . . . . . . . . . . . .COllII[y SS:
I hereby certify thai on this day, before me, an ofi'icer duly authorized in the state aforesaid and in the county
aforesaid to take acknowled ments, personally appeared. . PHI1,~P. .PETRUI,7~l.lI Pr~s.ide~t. of. PARt
E .ST,.1.,~~IE.QROP~RT~~S`~IN~f.~.. to me known to be the person(s) described in and who executed the
' foregoing instrument and acknowledged before me that f1~. executed the same for the purpose therein
'i expressed.
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Wtrrt y h d and official seal in the co ty and state aforesaid this day of '
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M~Cvmi~iu.sion expues• . . . . ` ~
: r . NOtpry ~ublic, Stab of Fiorida at larga .
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. . ; J - My oommission expires 1une, 22, t9&~~ trotsry Pub~ic ~ ~ ~ 'Oi. " ~
- : - ' ,.Eonded tivu Lav+yers SuretY CorR , ' ~
.~D : `~!C'n , Notary Public, State of Ftorids at Larg~. _ i~ M1~'Q~ ~
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. ~7 ~ f - ; M,y Commissivn Expires Aug. 12, i 98~. ' ~ ; u
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