HomeMy WebLinkAbout1761 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be rhea due under
this Mortpge, the Note and notes securing Futuro Adv:noes, if any. had ao aoakratioa occurred; (b) Borrower cures
all breaches of any other covenants o< agroements of Bortower contained io thu Mortpge; (c) Borrower pay: #11 reasonable
expense: incurred by Leader in enforcing the covenants and agroerrrents of Borrower contained in this Mortpp and is
enforcing Leader's remedies s: provided ip paragraph 18 hereof. inchrding, but not limited to, reasonable attorney's fees: cad
(d) Borrower takes such action ss Lender may reawnably require to sears that the lien of this Mortgage, L.ender's interest
in the Property and Borrower's obliption to pay the sum: secured by this Mortpge shall continue unimpaired. Upon such
payment and curs by Borrower, this Mortgage and the obliptions secured herby shall remain in full force and eQect ss if
ao aocekntion bad occurred.
20. AssipieN of Reabl AppOktseN of Recdver. As additional security hereunder, Borrower hereby assigm to
Lender the rents of the Property, provided that Borrower shall, prior to accekration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rents u they become due and psyabk.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a
receiver appointed by a court to enter upon, take possession of and manage the Property and to oolkct the ants of the
Property, including those past doe. All rents collected by the receiver shall bt applied first to payment of the casts of
management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonabk sttdrney's fees. and then to the sums secured by this Mortgage. '1Le receiver shall be liable to account
only for those r~eata actually received. ~ -
21. Ftrtwe Aivataeas. Upon request by Borrower. Lender, at Lender's option within twenty years from the date of thk
Mortgage, may .make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this •
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness securod by this Mortgage, not iocluding sums advancxd in accordance herewith to protect the
security of 'this Mortpge, exceed the original amount of the Note plus USS • • • • • • • . • • -
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgsge without chap
to Borrower. Borrower shall pay aU costa of recordation, if any.
23. Attorey's Fees. As used in this Mongsge and in the Note, "attorney's fees" shag include attoroey's fees, if any, a
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presetrce of: -
`V ~11WU1~-~ MIDDLS.BAST TBA~iSCQ~1TIIr~ITALs. ...Seal
-sfarower
. ~ . i. .
~
~esident -aorrow.r
STATE OP FI.OAIDA . ..............:it.. Lucie .............County ss:
I hereby certify that on this day, before me, an oS'icer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared.. A..$IGl~Z•X> .88.PteS:Ldeat.of.ldiAAI.E
EAST. ~l1Ali$CQdTIrs~tG........., to me known to be the person(s) described in and who executed the
foregoing -instrument and acknowledged before the that executed the same for the purpose therein
ezpresaod, for and as the act and dew of said Corporation.
' Wt~ ,gay hand and official seal in the county and state aforesaid. this........ l9ty ...........day of
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(Specs llelow This line ResMVeO For Lender and Recorded
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