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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'. . - THOMAS F. WILLIS, JR. - -/-~~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 _ ~ . , ' ~ip Commission ezpires: ~/Z~~7y - - - ~ , ~Totsry Public „ " `4 . j~ ~ `Ff , 26~}851 : ~ ~ ~ ~ ` ~ ~ ~ s = fttED AND REi,ORDEO = : ~ ' _ ST.iUC.~ COUNtr F1.A. o ~ - P,OC~f '~AS ~ n. _ . ClE9K ti. :~~UIT COURT . - - . (+C ~:'.Z ~ Y ~ ' ' 1 C 1~ ~ . , a! . a~c ~ ~ S~ aH'73 ~ . ~ 30RK r'~UE ~ ' - - - ~ ~ :~_s- , " ~ _ , ~ _ ~..~r~.