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HomeMy WebLinkAbout0936 . : . ~ ' t'~ , .~',u - prior to eutry of a judsment eaforcin~ tha Mon~age iI: (a) Borrower paya Le~der all sums which would be then due under this Mortp~e. the Note aod nota securing Futuro Advanca, if any. had no accelention occurred; (b) Borrower cura all broachea of any othsr oovenaats or apeements of Borrower contained in this Mortga~e; (c) Borrower pays all reuonable expease~ iocumod by Lender ia entorcing the oovenants and a~reements of Borrower containcd in thi~ Mortaage and in ento?cinj Lendery remedid as provided ia pan:raph 18 hercof. includi~~, but not limited to, reasonable attorney^s fea; snd (d) Borrower taka such action as Le~de~ may reasonably requirc to assure ~hat the lien of thu Mortgages~ Lender's inte~at in the Property and Borrower's obli~ation to pay the sums securcd by this Mortgage shall continue unimpairod. Upon ~ch ~ payment and cun by Borrower. t6is Mort~age and the obiigations secured hereby shall remaia in full foroe aad effect as it ao accekradoa had oocutrsd. 20. A~awed ot ReNq A~oi~tmeat of Recstver. As additional security herounder. Borrower hereby assigns to < Lmde~ tl~e rents ot the Pcoperty. provided that Bormwer shall, prior to acceleration under puagrapb 18 heceof or abandoa- f ment of the Property. have the ri~ht to collect and retain iuch nnts u they become due and payabk. ~ Upan aoaleration under puagraph 18 hereof or abandonment of the Propeny, Gender shall be entitled to have a t roceiver appoiatod by a court to enter upon. take poasession of a~d manage the Property and to collect the rents of the E Propetty~. includiag thoae past due. All rents collected by the receiver shall be applied Srst to paymeM of the costs of maaa~emeat of the Propeny and colkction of rents, including, but not limited to, roceiver's feac. pnmiums on receiver's - ~ bon~ and reasonabk attorney's fea, and thea to the sums secured by this Mortgage. 7Ue raceiver shall be liable to account oniy for those renb actwlly reoeivod. : 21. Ftitare Adva~c~s. Upon rcquest by Borrower, Lender. at Lende~'s option, within twenty years from the date of thu s Mortgaae. may make Futur~e Advanca to Bomower. Sluh Future Advances, with interat theroon. ahall be secured by this Mort~age when evideaced by promissory notes statiag that said notes are secured hereby. At no time shall the principal amouat of the indebtednas ~ocured by this Moctgage. not iacluding sums advanced in aocordana herewith to protect ihe ~ securiry of this Mortgage. exoeed the original amount of the Note plus USS • • - • • . • . • • • • • • • • • • • • • • • • • • - • • ~ '?~2. Rdeare. Upon payment of dl sums secured by this Mortgage, Lender shall release this Mortgage without charge to Bormrver. Borrower shall psy all coats of recordation. if any. 23. Attorney's Fees. As usod in this Mortgage and in the Note. "attorney's feac" shall include attorney's fees, if any. whicb may be awarded by an appellate court. . IN WITNESS WHER80F, Borrower has executed this Mortgage. i 7 Signed, sealed and deliverod ` S in the Drese of: i A L ^ ^ x .4~ . . . . . . . . . . . . . . . . . ~C/ . . . . . . . . . . . . . . . . . . . . (Seal) . / Francis E. Drake -e«*ow•~ . . ...~!:...h~~,~='w~.......... ~ .~..•..~-/,,~~~.........(Seal) ~ ~ ~ Rut P . ~ D~ake --ao?row.? STATE OF FLORIDA, . . . . . . . . . . M~t~ . . . . . . . . . . . . . . . . . . . . . .CALtIty SS: I hereby certify that on this day, before me, an o8'icer duly authorized in the state aforesaid and in the county j aforesaid to take acknowledgements, pecsonally appeared Francis . E.. A~ake . and• Ruth •P. • Dra~e ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to ine known to be the person(s) described in and who executed the ~ foregoing instrument and acknowledged before me that. . they. ,,,,,.executed the same for the purpose therein ~ - i expcessed• ~ ~ Wtrrt~s my hand and officiat seal in the ~Qunty and state aforesaid this. . . . . . . ~g~ . . . . . . . . . . . .day of ~ .......k'.ebruarY 19....y.. ` My Commisaion expins: 8 f 28 / 79 . ~ . - . . . . . ` . . .G.f . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ _ Na.~? ~i~e ~ ~ ~ - . ~ . - . - ~ ~ " _ : ~ ~ ~ ~ - . r , ~ ~ (Spacs B~fow This Line Reserwd Fo~ lender snd Recorder) - c.~:~ ~~coRe~o~ 4_. ..~r _ r "U :TY rL.i. ~c r~ . ~ , - - 435922 ~ ~ _ '19 , : Se ~ I C~ , ~ ~ I~ ~ Norri: Tikon, P. A. . . . ~ /lttomey et Law . ~ P. O. Box 526 ~ _ i_E r" _ . . , ~ ; Jensen Beach, Fbr'ide 33457 ~ s= ~ ~ ~i ~ ~ ti ~o~x 3U4 P~ 93S . ~ - ~ . ~ ~ _ _ _