HomeMy WebLinkAbout0839 prior to emry ot a judgment enforcing this M~~rtgagc it: la) Bor~uwer pays I.enJer all sums which would he then due undcr
this Mortgagc, tho Note and nota sccuring Fu~ure Advancrs, if aoy, had na acceleration o~:curred; Ib) Borrovrer cure~
all hreaches of any other covenants o~ agreemtnts ot Borrowe~,contained in this :11ortg~ge; (c) Bormwer pays aU reasonahle
expensa incur~ed by ~e~der in enforcing the covenants and agreements ot Borrower co~tained in this Mortgage and in
enforci~g Lender's remedies as provided in parag~aph IR hereof, iocluding, but not limited ta, reasunable attorne)~'s fees; and
ld) Borrawer takes such action as t.~nde~ may rea~o~ably require ta assure that the licn of this 1~lortgage. l.ender's interest
in the Property and Borrowe~'s obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upc~n such
payment and cure by Borrower, this Mortgage and 1he oblig;~ti~ns secured hereby shall remain in tull (orce and efiect as if
no acceleration had oceurred.
20. Ass{Anment ot Reats; Appointmeat of Recei~•er. As additional security hercunder, Borrower hereby assigns to
~ender the rents oJ the Property, provided that Borrower ~hall, prior to acceleration under paragraph 18 hereof ar abandon-
mrnt af the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, l.ender shall be entitled to have a
receiver appointed by a court to enter upon, take possession of and manage the Propeny and to collect the rents of the
Property, including those past due. All rents collected hy the receiver shall be applied first to payment af the costs of
management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
tx~ncis and reasonable attorney's fees, and then to the sums secured by this Mortgage. 'Il~e receiver shall be liable to account
only for those rents actually received.
2l. Future Advaacea. Upon request by Borrow~er, I.ender, at l.endcr's option within twenty years from thc date of this
\fortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall t>e secured by this
~tortgage when evidenced by promissory notes stating that said notes are secured hereb~~_ At no time shall the principal
amount of the indebtedness secured b~ this Martgage, not including sums sd~•anS~d iQ ac£Qrdance herewith to protect the
security of this Mortgage, exceed the original amount ot the Note plus USS. . - aSUQ.~JU . . . . . . . . . . .
22. Release. Upon payment ot all sums secured by this Mortgage, Lender shall reiease this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, i[ any.
23. Attoraey's Fees. As used in this Mortgagc :+nd in the Note. "attorne~~ s fees" shall include attorney's fees, if any,
w~hich may be awarJeel by an appellate cuurt.
IN WITNESS WHEREOF, Borrower has executed this Mortgagc.
Signed, sealed and delivered
in the presence of:
~ . . . . . . . . . . . . . . . . . . . . . ~l. . . ~1~~ . . . . . . . . . . . . . . . (Seal)
.
~ George Rh en
'~Yl , ~,~1 'c : . . . . . . . . . .~.1..(. .4-K. . ///.C~.~.. . I ! . . . (Seal)
Li 11 i e Mae Rhoden -80?.~~.
STATE OF FLORIDA, . . . .~ndian. R~.v.er . . . . . . . . . . . . . . .councy
1 hereby certify that on this day, before mc, an officer duly authorized inyhe state aforesaid and in the county
aforesaid to takc acknowledgcments, prrsonally appeared. George. Rhoden .and, Lill,ie.M~e, Rhod~n,.
h15, r~i f.e . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the p~rson(s) described in and who executed thc
foregoing instrument and acknowledged before mc that. they _,,,,,..executcd the sam~ for the purposc therein
expressed.
' y~
WITNESS y hand and official sral in the count}~ and state aforesaid ihis. ~L~' . . . . . . . . .day of
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