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prior to.er~try o( a judgment enforcing this Mortgage if: (aj Bottower pays l.e~der all sums which wau18 bc then dus und=r ~ ~
this Mortgagr. the Notc and notts secu~ing Futu~t Advances, if any, had na accelcrat+on c~ccurrcd;- (b) Bo~rower cuces j
all~bresches of any other covenarts or agrerrr.ents of Bartower contained in this Mongage; (c) Borrower pays'all reasonablo , !
expenses incurred by I.ende~ in enforci~g ~he covenants and ag~eemonts of 8orrower cuntained in this Mo~tga~e and ia
enforoing,I.ender's remedics as providtd in paragraph 1R hercof, including, but noi limited to, reasonabla Attorney's ttes; ~snd
. (d) ~iprrower takcs such action as I~nder ma}• reasonably rcyuire to assur~ that tho lien of Ihis Mortgage, Lender's interest
in the Property and Borrower's obligation tu pay the s~ms secu~ed hy this I~lartgage shall continue unimpaired. Upon sueh .
payment arxl:~iic by Borrowe~, this Mortgage and th: opligations stcured he~eby shall rcmain in dull larce and_ efTect as if ~
~ no acr.olefac~~~ had occurred.. - • _
' 20. Assi~nrnent of Rents; 1.ppointmenl of Receii•~~. As addilional se~urit~~ he~eunder, ~~rro~.+er he~eby assigas to ;
I.Cndet t~e ren;s ot~the Proparty, prucidcd that BurroH~er shall, prior to accele~ation under paragr:,:•;~ 13 hereof ar abandon-
j~ ment of tht Property, have :ht right to collect and retain s~lch nn:s as they become due and payable. '
_ ~ Upon accekration under paragraph 18 hercoi or aba~donmcm of the Property, I~nde~ st~il bc.entiQed to hAVe •
~ rtceiver appoint~! b~• a court to enter upon, take p~usession of and manage the Froperty and ro coilect Ihe r~nts of the
Prope~ty~ including thosr. past due. All rents sollected by the receive~ shall be applied fi~st to paymtnl af the costs of ;
~ mana~ement of the Prope~ty and cullecti~~n uf rents, including, hut nc: =.imited to, receiver's fees, premiums on receivtr's i
~ . bonds and reasonabla attomey's fas, and then :o the sums securcd by this ~iortgagc. The receiver shall be liable to account
- only for those rec~ts actualty received. '
~1. Fntrre Advance~ss. Upon request b~• Borrower, [.endcr, at I.endcr's option w;thin Iwenty years from the date of this ~
. Mortgage, may make Fuiure Advanres t~ Borrower. Such Future Advapces, with 9ntemst thc~sc~r+; shall be seeured.by this
bfortgage when eviden;,ed.tsy promissorY notes stating that said nc~tes are secured hereby, Af no time shali the princioal ~ ~
amount of the~ indebtednesa securcd by this Mc,rtgage. ~nat i~:luding sums advanced in-accordance herewiti~ to grotel:t the !
security of this Mortgage, ex~eed the original amount of the.Note plus USS . ...,or, ~
22. Rcka~e. Upon payment of all sums secured by this Mortgage, l.ender shall releue this Mortgage without cha?ge - ~
i to Borrower. Borcower shall pay all costs of recordation, if any.
; 23. Attorney's Fees. As used in th+s Mortgage and in the Note, "atrorney's fees" shall include attornsy's fas, if auy, '
` which may be awarded by an appellate court. "
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j ~ . IN ~YITNESS WHEREOF, Borrowcr has executed ~his Mortgage. - - - ~ _.-,j: . ~
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' Signed, sealed and delivered ` - f ~f~~ ~
BACKUS~ ENTERPRISES ~INCORPORATED s~ '1 " '
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: . ~President FR~ CK B. ;";,~,r .:F:~,~~_~ ~,t'~~~'
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STATE OF FLORIDA, ST. LUCIE~ Counry ss: .
I I hereby certify that on this day, b~fore rne, an officcr dul~~ authorized in the state aforesaid aad in the county ~ ~
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~ .aforssaid to take acknowledgements, ~ursonally appeared . • ~
FRmERI(~ B. C~JfiSE as President of BA~CKUS ENTgtP1tI5ES, Il~TOORPORATFD, A Ftorida
~rporation, on heh~lf of the corporation - ;
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. , to me•~nown~to b.: the person(s) described in and who executed the ~
foregoing instrument and acknowledged before mc t5at Borrower exccuted the same for the purpvse therein ~
eapresse~i: . _ ; _ - ~ - : . ~
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n~;hand and official seal in the county and state aforesaid this 26th - day of
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