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prior to eotry of a judgmeat enforcing this Morip~e if: (a) Borrower pays Lender all aums rvhich would be then due uader
this Mort~sge~ the Note and nota socuring Future Advances. it any. hsd ao aoceleration occurred: (b) Bortawe~ cura
alt breacha of any otber cova~ants or a~nemena ot Borrower contained in this Mon~age; (c) Borrower pays ail reasonaWe t
expenses i~curred by Lesider i~ enforcint the covenants and a~reement~ of Borrowe~ contained in tha MoKp~e and in ~
enforcin~ Lender's remedies as providsd i~ pangraph 18 hercot, including, but not limited to, nawnable attorney's fees; and
~d) Borrower taka such action as Lender may rcasonably rcquire to sswrc that the lien of th~ Monp~s, I.ander'siaterat
in the Property aad Horrower's o~li~ation to p~y the sums securcd by this Martpg~e shall oontinue uaimp~ired. Upon su~h
payms~t snd cure by Borrower~ this Mo~tgage and the obligatians secured hereby shall rcmain in tull forcx aad eRect as if
0o accekratan had occu~red.
20. Aidpa~eM ot R~at~ Arpiatmeat ot Receiver. As additio~al securiry hereunder, Borrower hereby auitns to
Lende~ the rsnts oE the Property. provided that Borr+ower shall, prior to accekration under parag~aph 18 hecoof or abar.don-
ment of the Property. have the right to collect and retain such rents as they become due and psyabk. '
Upon acceleration uadsr puagraph 18 htreof or aband~nment ot the PropeRy, Lender shaU be entitled to have ~
receiver appointed by a court to enter upo~. tske possessior~ of and manage the Property aad to ooUect the rents of tbe
Property, includiag those past due. All rena callected by the receiver shall be applied first to payment of the costt ot
management of the Pmpeny and cotlection of re~ts. including. but not limited to, nceivsr's feas. pre~niums o~ reaiver's ~
boads aad reasonabk attorney's fees. a~d then to the sums s~cured by this Mortgaae. The receiver shslt be lisbk to aocount
only fo~ thoae rents actwlly reaived. .
21. Fot~e Ai~aoce~. Upon roquest by Bornower, Lender. st Lender's option within twenty yean from the date of thia
Mortgage. may make Futurie Advancts to Borrower. Such Future Advanca, with interat thereon. shall be tecured by tbis
Mortaa,ge whm evidenoed by promissory nota stating that said nota are secured hereby. At no time shall the principal
am~unt of the indebtede~as secuted by this Mongage. not including sums advanoed in accordance herewith W proteet the
security of thia MoRgage, exceed the original amount of the Note plus USS. ...~4•150...00
~ Z2. Reka~a Upon payment of all sums secured by this Mortgage, Lender shall release thi: Mortpae without char~e
to Borrower. Borrower shall pay all costs of reeordation. if any.
23. Attoroep's Fees. As used in this Mortgage and in the Note, "attorney's feas" shall include attornay's fees, it aay.
which may baawarded by an appellate court.
IN WI?NESS WHEREOF, Borrower has executed this Mortgage. -
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Signed, sealed and delivered - , t~= ~ ~ ~ ~ ;
in ehevreser.ceof: Wt l l iam E. Gould Construetion, I ne. E, =
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L-' .~iTYs4 . .i~ ' T Y :Y . . . . . . . . . . . . . . . . . . . . '
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~ By: William E. Gould, President ' ~
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STATE OF Florida ~ COUNTY OF Indian River
~ I HEREBY CERTIFY, That on this ~ th day of- Ma rch ~q~
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~ before me personally appeared W i 1 1 i am E Cou ] d a~d
~ respectively __i.t5- President and - Secretary , of
! tJ i 1 1 i am E 6ou 1 d Cons t ruct i on, 1 nr , a ~1 ~ a Corpc~rotio to me .
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~ known to be the persons described in and who executed the foregoing instrument, and severally~ ackno~Ar~~~d e~ce-~
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~ cution thereof to be their free act and deed as such officers for the uses and purposes there~h•~nentid~e~a~nd~t~at ~ey~
~ affixed thereto the of#icial seal of said corporation, and the said instrument is the ad ar~ ~eed 6'~ said-corporatio~
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~ t Vero Beach ~'T-- _ said counry ar~d tatg. - 4
WITNESS my hand and official seal a • ~ ~ ~
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~ Notary Pu ic, in and for State and ~
~ My Cammission Expires: ~
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~ (Sp~Ce Bslow TNis lin! R~sl~vW FOt Lt~der snd RlcOrdlr) ~
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