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HomeMy WebLinkAbout0926 , prior to entry of a judgment enfurcing ~his Mortgage if a) Borrower pa~•s [_en~er all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleratiun occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in enfarcing l.ender's remedies as provided in paragraph 1 R hereaf, including, but not limited lo, reasanable attomey's fees: and (d) Borrower takes such action as Lender may reasonably reyuire to as.cure that the lien o( this Mortgage, Lender's intercst in the Property and Borrower's obligation to pay the sums secured hy this ]1lortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleratioR had occurred. 20. Assignment ot Rents; Appointment of Recej~er. As additional security hereunder, Borrow•er hereby assigns to l.ender the rents of the Property, provided that Borrow~er shall. prior to acceleralion under paragraph 18 hereof or abandon- ment of the Property, have the right to collect and retain such rents as they become due and payable. llpon acceleration under paragraph 18 hereof o~ ahandonm~nt of the Propert}~, Lender shall be entitled to have a receiver appointed by a court to enter upon, take possession af and manage the Property and to collect the rents of the Prcperiy, including those past due. All rents cotlected by the receiver shall t~e applied first to payment of the costs of management of the Property and collection of rents, including, b~u not limited to, receiver ~ fees, pr~miums on receiver's tx~nds and reasonable attorney's fees, and then to the cums ~ecured by this Mortgage. "i~e receiver shall be liable to account only for those rents actually received. 21. Future ~dvancea. Upon request by Borrower, Lender, at Lender's option within twenry years from ihe date of this Mort~age, may make Future Advanczs to Borrower. Such Future Advances, with interest thereon, shall he secured by this ~tortgage when e~idenced by promissory note~ stating that said notes are secured hereb~•. At no time shall the principal amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the security of this Mortgage, e~ceed the ariginal amount of ihe Note plus USS ~0.. 22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all costs of recordation, if an~•. 23. Attorney's Fees. As used in this Mortgage and in the Nute. "aEtorney's fees" shal! include attorney's fees, if any, which may be awarded by an appellate court. . IN WITNESS WNEREOF, Borrowcr has cxrcuted this Mortgagc. Signed, sealed and delivered in the presence of: / • ~'~G ~ ~ / ~ JC..' ~ r (Seal) - ~ LONNIE M. GiLLIAM -sorrowe. ~ , ~ ~ T . ~ G.r! (Seal) - PATRICIA L. GILLIAM -aorrower I STATE OF FLORiDA, St. Lucie Counry ss: i [ hereby certify that on this day, before mc, an oflicer dul~~ authorized in the state aforesaid and in the county ~ aforesaid to take acknowledgcments, prrsonally appeared i _ ~ LONNIE M. GILLIAM and PATRICIA L. GILLIAM, his wife , to me knoa~n to be the person ( s) describcd in and who ezecuted the ; (oregoing instrument and acknowlydgrd befor~ me that they executed the same for the purpose therein ~j expressed. ~ ~ WITNESS my hand and official s~al in the count~• and statc aforesaid this 8th. , day of ; August ,19 83 . ~ ~ ~'ty. C4 5'~f4~~ si~yn exp~res: € f f~ ~ ~ ~ ~ c~t~,,,... ~seai~~`~; ~ ry F , ~ ~ ~ _ NOta P lic = :c, : Q'C A R Y ; ~ :`a w fiOTARY PUBUC. STATE OF FLORIDA ~ • _ : ~ - s ' AT URGE IAY COMkItSSlON S U g ~.~G' ~ DfPfRES MAY 8, 1984 ~ ~ ~ ; y _7F'Ct ~ s ~ (Space 8elow This Line ReurveA For Lender and Recorder) f ~ e ~ x s t , i P i ~O~K ~UJ PdCE i7~, , _ . - . ° - _ _ ,s ~