HomeMy WebLinkAbout0761 ~
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prior to eatry of a judtmeot eatorcing ttus Mort~age it: (a) Bonower pays i.ender all sums which wouW be thee due under ~
this Mortgage, the Note and nota securing Future Advances, iE any. Aad ao aoalention occurred: Ib) Borrower cura
all brcaches of a~y ott~er covenants or agreeme~ts of Horrower containod in this Mort~a~e: (c) Borrower pays all reasonable ~
expenses iacuiTed by I.eode~ in enfo~cing the covenagta and agroemenb of Bormwe~ containod i~ this Mongage and ia
e~forciag i.ender's remedia as provided in paragraph 18 hercof. includina; but aot limited to. reasonabk attorney't fea: and
(d) Borrowe~ talces wch action as I.ende~ may reasonabiy rcquire to assure that the lien of tha Mo~age. La?der'a iaterest
in the Property aad Bormwu's obligation to pay the sums securcd by this Mortpae shall contiAUe uaimpaired. Upon :uch
payment and cure by Borrowu. this Matgage and the obligatioos securod henby shall remaia in full fonx and elfect u it
ao acc~kration had oocurred. .
20. AadpseN at Re~b; AppoiNaseat of Rcceiver. As additaoal security hereunder. Botrower hereby assigns to
Lende~ the rents of the Property. provided that Bornower shall, prior to aooeleratio~ undcr parasraph 18 hereof or abandon-
ment ot the Pruperty. have the right to coiloct snd ret~in :uch roots as t6ey becoane due and payabk.
Upon acoekration w~der paragraph 18 heroof or abandonment ot the Property. Lender shall be entitled to have a
• roceiver appoiated by a court to enter upon, take possession of and manage the Pe+operty and to oolkct the rents of the
Property. including those past due. All rents collected by the rcceiver shall be applied 8rst to payment of the costs of
management of the Proputy and collection of renu, including, but .~wt limited to. receiver's [eat, premiurtu on rectiver's
bonds aad reasonabk atWrney'a fees.. and the~ to the sums securcd by this Mortgage. 'ilie roreiver shall be liable to account
only tor those reuts actually received. -
21. FNm Aa~a~ch. Upon requat by Borrower, Lender, at Le~de~'s option within twcnty years from the date of this
Mortgage. may make Future Advanas to BoROwer. Stich Future Advances. with interest theroon, shall be securcd by this
Mortgage when evideaced by promissory notes stating that said notes are securod l~ercby. At no time sha~ll the principal
amount of the indebtod~s secured by this Mortgagc, not including sums advanad in aocordaooe herewith to protcet the
security of this Mortgage. eaccoed the original amount of the Note plus USS.
Z2. Rdwe. Upcw paymeat of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Horrovrer shall pay aU costs of recordation, if any.
23. Ado~ep's Ras. As used in this Mortgage and in the Note. "attorney's foes" shall include attomey's fas, if aay,
which may be awarded by an appellate court.
IN WtTNESS WHERBOF, Borrower has executed this Mortgage.
Signed, sealed and delivered ~
in the presenoe of: - ~
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. . .......................(Seal) _
Robert H. China -'eoroi"~'
. . . . . . . . . . . . . . . . . . . . . . o . . . . . . . .(Seal)
Roberta F. China ~O"°""`
STAT E OF FLORIDA . . . . . . . . . . . . . S t . . Lu~ i.e . . . . . . . . . _ . . . . . . . County ss :
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
afor~aid to take acknowledgements, peisonatly appeared. Ro~her.t.H.. f.htna.and Robe~ia F._ .China,....
hi.s •wj fe. . - • • • • • • • • • • • • • • • • • • • • • • • to me known to be the pecson(s) described in and who eaecuted the
foregoing instrument and acknowledged before me that they execut~d t6e same for the purpese therein
'i expressed.
~ W~TrrESS my hand and official seal in the county and state af~resaid this. . . . . . .1 ~th . . . . . . . . . . . .day of
F .........January ................19.~9..
~(~,y,~mission eapires: ~ a9 . CA~
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f ~„•a~ . ~ry . . . . . . . . . . . . . . . . . . . . . .
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- ~ _ EXPI({F$ MARCH 7• f9B2
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