HomeMy WebLinkAbout1703 .
prior to entry of a judgment enforcing this Mortgage it: (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 accekration occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Moctpge; (c) Borrower pays all reasonable
expenses incurred by Leader in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, includins, but not limited to. reasonable attorney's fees; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortpge. 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 force and effect ss if
no acceleration had occurred.
20. AsdgneteM of Rents; Appoiateleat 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 rents as they become due and payable.
Upon acceleration under paragraph 18 hereo[ or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a coact to enter upon, take possession of and manage the Property and to colkct the rents of the
Property, including those past due. All rents collated 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 tea, premiums on receiver's
bonds and reasonabk attorney's fee, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. FotYre Advances. Upon request by Borrower, 1_ender, 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 arc secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advancxd in aooordanee herewith to protect the
securit of this Mort a
Y g ge. exceed the original amount of the Note plus USS"
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall rckase this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation. if any.
23. Atoorsey's Fees. As used in this Mortgage and in the Note, "attorney's foss" shall include attorney's fees. if any,
which may be awarded by an appellate court.
1N WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, scaled and delivered
in the presence of:
N i ck L Verbos ~~-aO'fO1Mf
~ .~1~~ ~~~G~~'/.'t~#~. (Seal)
oseph i ne •M. Verbos ~Of°""`
STATE OF FLORIDA, $ f•,. ~ :~14 l4r COWIty SS:
1 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 appearedNi.4k Ver~p~, bpd .~lQSeph.ine..E1.Y~rb4~, .
..h 15. wi.ft; . , , , , , . , , , , , , , , , , , , , , , , , 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.
WITNESS my hand and official seal in the county and state aforesaid this...... 77th .............day of
..~1ay 19 J9
My,Coq~isston expires:
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FILEU RND KkadUcU
ST.l.UC1E COUNTY.FLA.
ROGER POITRAS
CLERK CIRCINI CO
RECORD YERIF~ED__ R,c~-
5f
44886
. BoR, 309 PacF 1700
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