HomeMy WebLinkAbout0798 L T ~
prior to entry of a judgment entorcing this Mongagc i(: 1 a) Borrower pays l.rndrr all sums which would be then due under
this Martgage, the Note and notes securing Future Advanccs, if any, had no acceleratian cx:curred; Ib) Borrowcr cures
all breaehes of any other covena~~s or agrcements af Borrow~e~,contai~ed in this rlongage; (c) Borrawer pa)•s all reasonahle
expenses incurrcd by Le~der in en(orcing Ihe covenants and agreements of Borrower cont•rinc~ci in this blortgage and i~
enforci~g Lender's remeclies as provided in paragraph 1R hereot, includi~g, but not limited to, reasunable attorney's fees: and
(d) Borrower takes such action as l.tnde~ may rea~anably require to assure that the lien of this Mortgage, l.ender's interest
in the Property and Borrower's obligation to pay the sums secured b~~ this Mortgage shall continue unimpaired. Upon such
payment and curc by Borrower, this Mortgage anJ the obligations secured hereby shall remain in full forcr and effect u if
no acceleration had occurred.
20. Assignmeat ot Rentx Appointmeat of Receive~. 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 retai~ such rcnts as they become due and payable. ~
Upc~n acceleration under paragraph !8 horeof or abandonment of the Propert~, 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
Pruperty, including those past due. All rents collecteci by the receiver shall be applied fint to payment of the costs of
management of the Prop~erty and collection of rents, including, hut not limited to, receiver's tees, premiums on receiver's
t+onds 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 receiv~d. ~
21. Future Advances. Upon request by Borrower, Lender, at Lender's option withi~ twenty years from the date of tFis ;
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest therean, shall be sec~red by this #
~tortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal. ~
amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amourt of the Note plus USS. . . . • • ~~~2J.Q.~Q• • • • - • • • • • .
22. Rek~e. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recorda~iun, if any. ~
23. Attoraey's Fees. As used in this Mortgagc and in the Notc. "attorncy's fees" shall includc attorney's fees, if any, ~
_
w•hich may be awarJed by an appellate coun. '
~
IN WITNESS WHEREOF, Borrower has cxccuted this Mortgage.
Signed, sealed and delivered
in the presence of:
- ..Sel E
. . ZG~~.!~ ( a)
ichard D. Baggett i
. ~
i~^ . . . _ . . . . . . `l
~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Seal)
-80ffOWK
k
i
~
$TATE OF FLORIDA,. . . . . . .II~d7d11. Rl~IeX'- - • • - • • • • • • • - • • • • •COUII[y SS: - '
5
1
I hereby certi[y that on this day. before m~, an ofticer duly authoriu8 in the state aforesaid and in the county ,
aforesaid to take acknowledgcments, prrsonally appeared. Rl•Chdl^d• D~• Saggett,- a•si~gle• adul-~
. : . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the p~:rson(s) descritxd in and who executed the
' foregoi~g instrument and acknowledgc:d before me that . ...........executeJ the same for the purpcue therein '
; eapressed. ~
! ;
~ WlTNESS my hand and ofi~icial seal in the county and state aforesaid this. ~ . . . . . . .day of ,
i . . . . l~lar.cb. . . . . . . . . . . . . . . . . i979.
i • ~ '
; My Comni~ion eapires: ,
' ,P(. . . . .Notary Pubtic. . . . . . . . . . . . . . {
; ~F{ y' .
~ ~ ~ f v..~
~ , ~ y ' MO?ARY 11~L~C STAiE af ftORIQA AT l/?~f'aE
~ ~<,*..4 z•. MY OOMMISSlON O?IRB NO'V. 2t 19a1
- ~ ~OrOED 11lIJ t~AL INi IR~DE~MRI i~
a.
~ . ~ " , ~
~ . ~ ~
~
~ .
~
r
~
(Space Below This Line Resened FOr Lende? and Recorder) `
3
d
"
. . _ ~ " l~rl, '
:F
s ~
s79 i„- I Q A;~1 i i: I 9
+i ~ ~ Y
_ ~
^t - . " . .
~'~i _ " , . . - . . ~
tr "
:7 .
~
~
'i; , 30~! (,~~5 rAL
- ~ 797
n~
~
~
~