HomeMy WebLinkAbout0208 prior 1.i entry u( a juctgment cn(urcing this \tc~rt~age il. ta) Hor~uv?er p~>> I.ender all sums which would be then due under i
this Mort~age, the Note and notes secunng Futurc Advaoces, it any, had no acceleration occurred; (b) Borrowe~ cura ;
~11 brcuhes ot any other covenan~s ur ag~cements ot Borruwer c~?ntained in this Mon~s~e; (c) 8orrower Qays all rcuonable ~
expenus incurrcd by Lender in cnforcing ~he covenants and a~reemcnts af Botrowe~ contained in this Mort~ase and in
enforcins Luxfer's nme~iia as provided io pa~agraph IK hereot, mcludinj, but eot limited to. rcasonable attorney's [eet: and
(d) Bonawe~ takes such u~icxi as I cnd~r may rcau~nably rcyuire w accure Ihal ~Ae lien ot this Mortpje, [.ender's intetat ~
i~ the Propert~• and Borrower i obl~gatiun to pay the sums scrurcd by ~his Mortp~e ihall co~ti~ue u~imp~irod. Upo~ :uch
payment a~d cure hy Borrower, thi+ Mortgagt aod the ohligations securcd hercby sh~ll rcmain in tull torce ~nd eRe¢t u it '
no accelerat~un had occurrcd. ~
20. Assl~aa~eat ot Renls; Appoimmeal ot Recd~er. A~ aJdi~ional ~ecurily hercunckr, BoROwer herehy assi~ns to ~
Lcnder the rents of the Propenp. pruv~~~ ~hat 6orrowe~ shall, prior to acceleration under para~taph 18 hercof or abandoo-
mrm of thc Propcrty, havc thc nght to rollect •nd retain :uch rentc a~ they become due and payabk.
Upc~n acceleration under paragraph 18 hercot or at?andonment of the Propeny, I.ender shall be entitlod to have a ~
receiver appointed by a coun 1~• emer upon, take possea~iun of and manage the Property and to colkct the rents oI the
P~operty, including thoae past due. All rcnts collected by ~hc receiver shall be applied 6at to payment of the cosls of s
m~nagement ot the Property and collection ot rcnts, includina, but nut limitcd to, roceiver i fea, promiums on roceiver's ~
bunds and rcuonabk attorney's fees, and then to the sums secured by this Mongase. The receiver shatl be liable to ucount ;
only to~ those rcnts actually recewed.
21. Future Advances. Upon rcquest by Borrower, Lende~, at Lender's option within twenty years from the date of this ,
Mortgage, may make Future Advances to Horrower. Such Future Advanca, with i~terat thtroon, shall be secured by tbis ~
Mortgag~e when evidenced by promissory nota stating that said notes arc secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance hercwith to protect the
securi~y of this.Mor~gage, exceeJ tlx original amount of !he Nc~te ~lus USS . . . . . . . . ;
22. Rekase. U{wn payment o( all sums secured by this Mohaagc, l.ender shall rokax this Morttaje without C6uje
to Borrower. Borrower shall pa~ all costs of recordation. i( any. ~
23. Adoraey's Fees. As uscd in this Murtgage and ~n the Noie, "attorney i tea" shall includt attorney's fea. if aay, j
which may be awarJed by an appeUate coun. ~
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~N WITNkSS WHERi:AI~, Borr~~wcr has exrcuteJ this Mortg~ge. (COrpOrate Sp~l)
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Signed, sealed and deliverrJ ~
in tik ~rrscncc o(: DEAN DEVELOPMENT CO INC . ~
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~~:~~~fi L/ BY - i l/ ~
. .......(Seal)
~ , RD .G. ~BECK, ~ P ~ esident -oo.~.~.w ~
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` Seal ~
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$TATE OF FLORIDA . . . . . . . . . . . . . . . Martaa. . . . . . . . . . . . . . . . . .COUDi~I fi: '
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I hereby certify that on this d•ry, bcfore me. an ofl5cer dul~ auth4ri2e in the state aforesaid and in the county ~
aforesaid to take acknowledgements, prrsonally appeared. RiC~~ .G.. BECK~. .PRESIDENT , QF ~
D~EAI1.aEVELUPrlENT. .CO»., . INC~. to me know~ tu tx the pcrson(s) described in and who executed the ~
' 6orcgoing instrument and acknowledged before mc that he .......eaecuted the ume for the purpose thec+ein
' expmssed, on behalf of the corporation. ~
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~ WtTKESS my hand and official seal in the county~ and state aforcsaid this. ~J
. . . . . . . . . . . . . .day ot
~ FebruarX 19 78
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; My Commission eapires:
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