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HomeMy WebLinkAbout2119 e prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; Ib) Borrower cura all breaches of any other covenants or agreements of Borrower contained in this Mortgages; (c) Borrower pays all reasonable t expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in i enforcing Lender's temedien as provided in paragraph 18 hereof, including. but not limited to, reasonable attorney's fees; and (d) Borrower take such action as Lender may reasonably require to assure that the lien of this Mortgage, Lender's interat 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 force and elfcet as i[ no acceleration had occurred. 20. Asdtaateot of Rests; Appoiatmeat of Receiver. As additional security hereunder, Borrower hereby assigns to Lender the rents of the Property. provided that Bomawer shall, prior to accekration under paragraph 18 hereof or abandon- ment of the Property, have the right to collect and retain such rents as they become due and payabk. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shag 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 Proptrty, 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 fees. premiums on receiver's bonds and reasonabk attorney's foes. and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those rents actually received. 21. Fs+tnte Advas>ns. Upon request by Borrower, Lender, at 1_ender 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 indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the security of this Mortgage, exceed the original amount of the Nate plus USS- . 22. Releases Upgrt payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all costs of recordation, if any. 23. Aftoroey'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. 1N WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered - in the presence of: r... . t-:~.' :Q~.. !!t:!Ld~~ J~G~^'~''!~'Y ...............(Seai) Henr ~ Arndt -ao~.o..a. ` • - ~~HG !.'fit?'rte :L. G7L ~ (Seal) Lorraine L. Arndt -9orrowe. STATE OF FLORIDA, SX....~UC I e .......................COtutty 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..He~t;X,F,,~,rnd>i,~pd_ Lorr~lne, L., ,Arndt,,,,, ..his .wife . , to me known to be the person (s) described in and who executedi the foregoing instrument and acknowledged before me that.. Lh~.y........executed the same for the purpose therein expressed. I', WITNESS my hand and official seal in the county and state aforesaid this........tlth .............day of ......~1a:~ .;1979..... i My ~timtt»ssio>a exprres: n ~ riotary Public i ~ . h _ ~ y tr • '4 ~ •e~ ' ~ .~s t.'.~ Gv Ex: ~.;~vt:!l;7~_„_t3tti2 ' J ` ~ Imo/ (Space Below TAis Line Reserved For Lender and Recorder) / 1~t~d`:d':J;1 ?~~•:da'~?~~v{ 3l~li U~b tg19 N,~Y 14 AM 3' 3S A' e'GOrppcO TY.f`A. PA11 CO JS1 REt;OR01~RIf 1E0 ~~6 - i 3 ' E~~kK 308 Fa~2119 • y - ~