HomeMy WebLinkAbout2310 prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays Lender all sums which would be then due under
this Mortgage. the Note and tortes securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenants or agraments of Borrower contained in this Mortgage: (c) Borrower pays all reasonable
expenses incurred by Leader in enforcing the covenant: and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees: and
(d) Borrower takes such action u Lender may reasonably require to assure that the lien of this Mortgage. Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full forcx and effect as if
no acceleration had occurred.
20. Aadgameat of Rents Appointment of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property. provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property. have the right to collect and retain such Hots as they become due and payabk.
Upoa acceleration under puagraph 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 collect the rents of the
Property, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of
management of the Property and collection of rents, including, but not limited to. receiver's tees, premiums on receiver's
bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Fettuti Advances. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this
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 indebtedneu secured by this Mortgage. not including sums advanced in accordance herewith to protect the
security of this Mortgage. exceed the original amount of tFc Nu:e plus USS.. • • • - • • • • • • • • • • • • • • • • • • • • •
22. Rekaae. Upon payment of all sums secured by this Mor.'vage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation. if auy.
Z3. Attorney's Fees. As rued in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered ~1~ , • • .
in the Dresence of : . x • Q . .
1, / ~ ` ~ ~ __Ge~nje Waits ~
%C` i. . ~5~=-~ ~C, '~i?~G ' ' ' ' ' (Seal)
~ .....y ~ Betty its -eor*orw'
~ ; x YI'/ ~!t~~ U•, ~ (Seal)
fir.:..~r~C~~~/......... D. Waits --eo?.ow..
' ' ' ' William
STATE OF FLORIDA,.......Max:tin .........................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....Gga~• ~a?~ts~ •>3~Xty. •lelaiL2t,..aDd....... .
• , , , ,ti~~.~ia~nl ,12, .Wts~ts , , , • , • , to me 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
expressed.
8th .day of
WITNESS my hand and official seal in the county and state aforesaid this .
_....~3r~k~ t9...7.9
M . eonimiasion gcpires: Auq. 28, 1981. ~ d
. Win'. Notary public
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(Space rselow This Line Reserved For Lender and Recorder)
- 7 ,
4:3~s'7iZ.i
c. f`lorrt: r~,~ p, a,
~ At+orney at Law
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P. O. Box 526
~ . . - ~ . ~ - - Jen;en Beach, Horide 3345y
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~D~ W~ ~GrI.JlJ7
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