HomeMy WebLinkAbout0098 ~ .
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prior to eotry of a judgment enforcing this Mo~t~a~ if a) Bor~ower pays l.ende~ all sums which would be then due under
this Mortgage. the Note and notes securing Future Advaoca, if any. had no accele~ation occurred; (b) Borrower cura
all brpch~s of any other coveaants or a~rame~ls of Bo~rowe~ contained in this Mon~age; (c) Borr~K•cr pays all nasonable
expensa incurred by I.eader in entorcin~ the covena~u aad a~roements of Borrower contained in this Mo~tga~e and in
enforcing Lender's nmedies u provided in paragraph 18 hereof. including. but not limited to. reason~bk attomey's fas; and
(d) Borcower takes such ~ction as t.ender may reuonably rcquire to assure that the liea of this Mort~age. Le~?der's iaterat
in the Property and Borrower's obligatio~ to pay the aurns aecurcd by ~hia Mongage shaN continue unimpaircd. Upon such ~
payment and cun by Bomower. tha Mort~agt and the obli~ations socured hereby shall nmain in full to~a and eHect as iE
no aocekration had occutred.
2A. A~d~amed oE Rent~ Ap~wlMment oE Rectiver. As addition~l security hereunder. Borrower hereby usigns to
Lende~ t6e rents of the Property. provided that Bomower shall, prior to acceleration under paragtsph 18 hereof or abandon-
ment of the Property. have the right to collect and ntain :uch rents as they beeome due and payabk. ~
Upon acceluation unckr p~ragraph 18 hereof or aba~donment of the Property, Lender shaU be eatitlod to have a
rceeive~ appointed by a court to e~ter upon. take p~ssessioo of and ma~age the Property and to colkct the rents of the
Property. including those past due. Atl rents collected by the roceiver shall bt applied firat to payment of the costa of ~
manag~ment of the Property snd collection of renu, including, but not limited to. receiver's fas. premiums on receiver's
bonds aad reasonabk attorney's fees~ and then to the sums secured by thia Mortgage. The receiver shall be lisble to aocouat
only for those renb actwlly received. , t
21. Futnre Ad~ance+s. Upon requ~st by Borrowrr, Lender, at Lendcr's option within tweaty yean from the date of this
Mortgsge. may make Future Advances to Bortower. Such Future Advances, with interest thereon. ahsll be secured by t6is
Mortgage when evideaad by promissory notes stating that said notes are socurod hereby. At no time shaii~ the priacipal ~
amount of the indebtedaas sec~ued by this Mortgage, not i~cluding sums advanced in accordance herewith to protect the ;
security of this Mortgage. exce~d the original amount of the Not~ plus USS . . . . . . . . . . . . . . . . . . . . . . . . . . . ~
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22. Release. Upon paymeat of aU sums securod by thi: Matgage, Lende~ shall nlease this Mortgage without charge '
to Borrower. Borrower shall pay all costs of reco~dation. if any. '
23. Atto~y'a Fees. As used in thi: Morcgage and in the Note, "attorney's fea' shall include attorney's fee.s, if any.
which may be awarded by an appellate coun. ~
IN WI'fNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
. . . . G~~~'. .
obert T. Reid -e«rowe. ~
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ` . . 4.~.~: . . . . . . . . . (Seal) i
-eorrow«
lenda Reid
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STATE OF FLORIDA, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .County ss:
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared ;
• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(sj described in and who executtd the
foregoing instrument and acknowledged before me that . .....executed the same for the purpase therein '
expressed. -
~ESS my•hand and officia! seal in the~nty and state aforesaid this. . . . . . ~ . . . . . . .day of
:
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My:Commission e~cp 11~II ~K10N 0/t~s CR . N _
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(Sp~ce BNar This Line Ressrved Fw Lendsr snd R~corder)
~~~~GO ~T~ fIlEO t.~i~ ~E~C?~iED
I.~SVi{AN~ ('A~~ Si. ~UCIE C~UMTY FLR.
lol E. O~.~n Bh?d., P. O. Baz Y2~ •~~rr~~`:~~i co
St uart, F'larid~ 33~! ' r~ i~ o-- ~d~
P6t '(305)28.$6900 ~C1 ~6 12 ~4PN'~8
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