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HomeMy WebLinkAbout2762 t, prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under this Mortpga, the Note attd notes securing Future Advances. ii any. had no accekration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Leader in tnforcing the covenant: and agreements of Borrower contained is this Mortpge and is enforcing Leader's nmedks as provided is pangraph 18 hereof. including, but not limited to, reasonable attorney's fees: and (d) Borrower takes such active ss Lender may reasonably require to erasure that the lien of this Mortpge, Landers intare:t in the Property and Borrower's obliption to pay the sums secured by this Mortpge :hall continua unimpaired. Upon such payment and curer by Borrower. this Mortpge and the obliptions secured hereby shall remain in full force and eBect ss if no aocekntioa had occurred. 20. Assfptwetit of Retatq ApplNtateat of Recel•er. As additional security hereunder. Borrower hereby assigns to , Lender the Hots of the Property. provided that Borrower shall, prior to aocekration under paragraph 18 hereof or abandon- ment of the Property, have the right to collect and retain such Hots a they become due and payabk. Upon aoaleratioa under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a receiver appointed by a eouR to enter upon, take possession of and manage the Property and to colkM .the rents of the Property. including those past due. All Hots 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, rexiver i fees. premiums on receiver's bonds and reasonable attorney's fees. and then to rite sums secured by this Mortpge. The receiver shall be liable to account only for those rents actually received. 21. Ftature Advaricrs. Upon r+egttest by Borrower. Lender. at Lender's option within twenty years from the date of this Mortpge, may make Future Advances to Borrower. Sltch Future Advances. with interest theroon, shall be secured by this Mortpge when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtodness secured by this Mortpge, not including sums advanced in accordance herewith to protect the security of this Mortpp, exceed the original amount of the Note plus USS • . • • • . • • • . • • • • • • • • • • • • • • • • - 22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shall pay aq costs of recordation. if any. 23. Attorney's Fees. As used 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 deGyered- in the presencC.o~: • • • • • ~ j ~ 3 D. Chadwick -ter . Ir ; Frances L. Chadwick .Coon ss: ! STATE OF FLORIDA, I~/I~,t?~1~1! ty t 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.....Ioba. D.. ~Citadwick. sad .Frances .L..Chadtaick . : . : . . . . . . . . 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 expressed. WITNESS my hand and official seal in the county and state aforesaid this ...........day of E /h/1R6I1~ 19?x.... E My Commission expires: ~ ..fir tsotary Public 1~ i . r _ ' O c~ _,_'s B ~ n• _ (Space lialow This LirN Reserved For lender and Recorder) z ~ h - - y1 ~ _ a .4369'73 . F79 ~ - ! ~ F ~ 7 c. Norsk Tftort, P.A. / :i~fiorney at Law 8ox 526 ,san Beacfi, Florida 33457 i . gooK3U4 ~~E2759 1