HomeMy WebLinkAbout0887 18. EaaowK'~ Hiqht to 8~iastats. Notwitl~standing ~Lender's acceleration of the suma secured by t~his Mort-
gage~ Borro~ver ahall have the right to l~nve any proceecling8 1?egun 1?v l.ender to enforce thia Mortgage discon-
tinued at anq time prior to eatry of a judgment enfoming tl~is Mortgage if: (a) Borrower pays Lender all sums
which would be then due under this Mortgage, the Note an~1 note8 securing Future Advances~ ii aay, had no accel-
eratioa oeeun+ed; (b) Borrower curee all breachea ot nny other covenantK or ageeeu~enta of Horrower contained in
thia Mortgage; (c) Borrower paya all reasonable expenses incurrrcl by I.ender in enforcing the covensnta and
agreementa af Borrower contained in this Mortgage and in enforcing I.ender'a ren~eclies as ptovided ia paragraph ~
18 hereof, incluciing, but not limited to, reasonablc attoraey'R fces; and Id) Borrower takes such action as Lender
may reasonably require to assur~ that the licn of tl~i~ \Sortgage. I.ender'~ interest in the Property and Borrower's ~
obligation to pay the sums secured by this Mortgage sl~all continue unimpaired. Upon sueh payment and care by
Borrower, ~hie Mortgage and the obligation~ secureci I~ercl~y sl~all ren~ain in full force and effeet xs if no accelera-
tion had occurred.
Z0. Assignment ot Reats; Appoiatmsnt o! R~c~ei~u. Ax additional security hereunder, Borrower hereby
assigaa to I.ender the rents oi the Property, provided that Borrov~cer sl~sll, prior to acceleration under paragraph
18 hereof or abandonment of the Property, ha~•c tl~e right to collect and ret~?in sucl~ rents as they I~ecome due and
payable.
Upon acceleration under paragraph 18 hereof or abandomnent of the Property, Lender shall be entitled to
have a receiver appointed by a court to enter upon, take ~session of and manage the Properiy snd to collect the
rents of the Property, including those past due. Al! rents collecte~ bv the receiver shall I~c applied first to payment
of the casts of ~nenagement of the Property and coflection of rents, including. hut not limiteci to, receiver's fees,
premiums on reeeiver's bonds and reasonable attorney's fees, and then to t~he sums secured I~v this :4tortgage. The
reoeiver shall be liable to account only for those rents actualiy received.
Zl. Futur~ Ad~aac~s. Upon request by Borrower, I.ender, at Lender's option within twenty years imm the
date of this ~tortgage, msy make Future eldvances to Borrower. Such Future Advances, with interest thereon, shall
be secured by this i4iortgage ~vhen evidencecl by promirsory notes stating that said notes are secwed hereby. At no
time shall the principal amount of tl~e indehtedness securc~ l~y this l~iortga~c. not includinR sums advanced in
accordance herewith to protect the security of this ~iortgage, exceetl tl~e original amaunt of the Note plus
II$;----
Z2. Rel~ose. Upon payment of a!1 sums securecl by thiF 'LSortgage, T.ender shall release this '_4tottgage without
charge to Borrower. Borrower shall pay all costs of recordation, it any.
IN WITNBSS WHBRSOF~ Borrower has eaecuted this Mortgage.
Signed, sealed an d
in the p es f: /
/
- , ?,F!`~-t~/~!"ls~r'. .
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THOMAS F. WILLIS, JR.
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-/-~~e%~'-~ -(Seal)
SANDRA LEE WILLIS -~*ro~
----2 616 __S.ake___SharE__D=ive-----------------------
- -Far~---Pi-e-r-~,---Fl-c~~i-da----- ~34~8-------
r,n~r,y Aaa~
STATS oF Fr.oxme, ..___Mar-tin - Countv ss:
I hereby certify tbat on this day, before me, an ot~'icer dul} authorized in the state aforesaid and
in the countv aforesaid to take acknowledrements, pei~onallr appeared ~hOm~.S F.. Willis,_ .Jr. and
sandra..Lee_..Willis, _his w~iffoane kno~-n to be the person(s) described in and ~vho executed tlie
foregoing instrnment and acknov?~ledged before me that they execnted the same for the purpos~
tLerein expressed. • ~ ~
~'~'iTx~ss my l~and and ofi'iciAl seal in tlie count}- ~~nd state aforesaid is dav of
' -~----------August---- - ~ 19 _.73 _ ~ .
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' ~ip Commission ezpires: ~/Z~~7y - - -
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ST.iUC.~ COUNtr F1.A. o ~ -
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ClE9K ti. :~~UIT COURT . - -
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a~c ~ ~ S~ aH'73 ~ .
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