HomeMy WebLinkAbout0014 prior to e~try oi a judgm~ot entorcing this Mortgage it: (a) Borrower pays [.e~der aii sums which would be then due under
Ihis Mort~age, Ihe Note and notes securin~ Future Advancts. i! any, had nn acceleration occurred: Ib) Barrower cures
all breaches of any other covenants or agreements of Borrower co~tai~ed in this Mortgage; (c) Borrowe~ pays all reasonable
expenses incurrod by I,ender in entorcing the covenants and a~reeme~ts ot Borrower contained in this Monga~e and in
entorcing Lende~'s rcmedirs u provided in para~raph 18 hercof. includina, b:~t not limite~ to~ rcasonable attorney's fea; and
(d) BoROwer takes such action as [.ender may rcasonably require to assure that the lien of this Mortgage, Lender': interest
in the Property and Borrower's obligation to pay the sums securcd by ~his Mortgage shall continue unimpairod. Upon such
payment and cure by Borrowe~~ this Mortgage and the obligations secured horcby shall rcmain in full loroe and eRect u if
no acceleration had occutrcd. ' '
20. As~nmeot ot Reat~ Appolntmeat ot Receircr. As additional securi~y hcrcunder, Borrower hercby usigns to '
l.ender the rents of the Property. provided that Bormwer shall, priar to acceleration under parag~aph 18 herco[ or aba~doa-
ment of the Property, have the right to collect and retain such rcnts as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, l..ender shall be entitled to have a
rece+ver appointed by a~couri to enter upon. take possession of and manage the Propeny and to collect the renta of the
Property. including those past due. All rents collecizd thz receiver shall be applied fint to payment of the costs of
management of the Property and collection ot rents, including, but ~ut limited to. receiver's fea, promiums on receiver's
bonds and reaw~abk attomey's fees, and then to the sums secured by this Mo»gage. 'It~e receivtr shall be liabte to account
only for those rents actually received.
21. Future Advancq. Upon rcquest by E3orrower, L.ender, at I_endtr's option within twenty years from the date of this
Mortgage, may make Future Advances to 8orrower. Such Future Adva~ces, with interest thercon, sha!! be secured by this
Mortgage when evidenced by promissory notes statiog that said notes are secured hereby. At no time shall the pri~cipal
amount of the indebtedness secuted by this Mortgage, not including sums advanced in accordance htrewith to protect the
security of this Mortgage. exceed the o~iginal amount of the Note plus USS.'-'~"' . . . . . . . . . . . . . . . . . . '
22. Rekase. Upon payment o! atl sums xcured by this MQrtgage. Laoder shall rcleue this Mortgage without cAuge `
to Borrower. Sorrower shall p~y aU costs of recordatian, if any. ~
23. Attoraey'a Fees. As used in this Mortgage and ~n the Note, "attorney's fecs" shall include attorney's fas, if any.
which may be awuJed by an appellate court. •
IN WITNESS WNEREOF. Borrower has exrcuted this Mortgage.
Signcd, sealed and delivcred
in the presence of: ~
tJW14/~_.~.~ ~
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. a~s--.~iD . . . . . . . . . . . . . . . . .
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SY . DI.L~
STATE OF FLORIDA, . . . . . . . . . Br~I~~F~ . . . . . . . . . . . . . . . . . . . . . . .County ss:
I hereby certify that on this day, before me, an ofI'ice~ duty authorized in the state aforesaid and in the county ~
aforesaid to taice acknowledgcments, personalty appeared..JAMES I, _RIDIEY sud,BETSY, S. ,RIDLEY.,, his ~
• • . .N~~e . . • . . . . . . . . . . . . . . . . . . . . . to me known to bc the person(s) described in and who executed the ~
foregoing instnimrnt and acknowledgecl hefore me that. .:.~eY......executed tbe same for the purpose therein
expressul.
W~TNESS my hand and official seal in the county and state aforesaid this. . . . . . . . l~~h . . . . . . . . . . .day of
~~.~j::,S~,tober . . ~9.7~..
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