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HomeMy WebLinkAbout2486 , . •l f , 1 • , i • • i:~~ . ' . . ~ priar to e~try of a judgment eaforcing this Mortgage if: (a) Barrower pays t.ender all sums which would be then due under this Mortgage, the Note and ~otes securing Future Advanca, it any, had no acceleration occurred; (b1 Borrower cures all breaches of any other covenants or agreements oi Barrawer,a~ntained in this Mortgage_ (c) Bonower pays all r~as~nable ezpenses incurrod by Ltnder in enforcing the rnvenants and agreements af Borrower contained in this Mortgage ai~d~in enforcing Ler~der's remedies as provided in parngraph 1 R hereof, including, but not limited to, reasonable attomey's fees; and (d) Bonower takes such action as Lendu may rcasonably require to assure that the lien of this Mortgage. Lender's i~terat in the Property and Bomower's obligation to pay the sums secured by this Mortgage shall continue unimpaircd. Upon such payment and curc by Borrower, this Mortgage and the obligatioos secured hereby shall rcmain in full force and efiect as if ~o acceleration had occurred. 20. A~gnment ot Reatx Appoiatmeat of Receiver. As additio~a) security hercunder, Borrower hereby assigns to Lender the rents of the Property, provided that Bomuw•er shall, prior to acceleration under paragraph 18 hereof or abandon- ment of ~he Pmperty, 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 Propr,rty, Lender shall be entitled to have a receiver appointed by a coun to enter upon, take poss:ssion of and manage the Property and to collect the rents of the Property. including those put due. All rents collected by ihe receivtr shall be applied fint to payment of the costs of management of the Property and collection of reots, including, but not limited to, rcceiver's fees, premiums on receiver's bonds and reasonabk attorney's fees, a~d then tn the sums secured by this Mortgage_ The receiver shall be liable to account only for those rer?ts actualty received. 21. Fnture Advancea. Upon request by Rorrower, Lender, at I_ender s option within twenty yearc from the date of this _ Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this _ Mortgage whe~ evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebted~ss secured by this Mortgage, not including sums advanced in accordance herewith to protect the security of this Mortgage, excced the original amount of the Note plus USS. . . . • . 2.4,200..00• • • • • • • • • • • • 22. Rekase. Upon payment of aU sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower_ Borrowtr shatl pay all costs of recordation, i[ any_ ~ 23. Attorney's Fees. As used in this Mortgage and in the Notc. "attorney's fees" shall include attorney's fees, if any, which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrowcr has executed thi~ Mortgage. ~ . Signed, sealed and delivered in the presence of: _ = / r ~ ) . . . . . . . r.(r\. s. . . . . c~.~ .4-!c.' :5~ . . . . . . . . . . / . . . . . . Seal , ~ ~ . . RI C . ST S . . . . . . -e ( owe. , ~ _ • . . . . . ' . . ' . . . . . . . . . (Seal) ' UISE 0. ST ~ LD -ao~rower / ~ ~ Indian River STATE OF FLORIDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . .COlllltY SS: 1 hereby certify that on this day, before mr, an officer dul authorized in the state aforesaid and in the county afor said t take ack owle ments, pcrsonally appcared. ..~chard C. Stansfield and Lo~~~, ~tans~ield, h~s ~e to me known to be the p~:rson(s) described in and who executed thc foregoing instrument anti acknowledged before me that they. executed the same for the pu.pose therein ; eapressed. F ~ f W~TNESS my hand and official seal in the county~n d state afor said this. llth ,,,,,,,,day of ; June............,19..79...f/ ~ s ~ ; My ~C.~sio~ expires: ,jl -a 3 - ~ 3 ~I ' ~ ~ ' ~n .s . . - . . . ~ . . . . ~ • - - . . . . . . . ~ N ary Public . 1 ~ . . . . ~4 t- t •r g ~ _ ~ - HY CO1rII"lISSION EXPIRES: ti: P . ~ . r. ~ - , ~ • . :!1 .~rt } . . ~ ~ S (Space Below This L~ne Reserved Fo~ LenOer and Recorde~) c E ~ ~ ~ ~ i~i9 J!J!. -3 ~,~i ' I ; ~ ~ ~ FtLEO RN;, r~Ct,UwUc J } = ii.IUCIE CC;;N i Y. FlA. ~ ` ROGER POITP.A5 ~ CIERi( ClRCUIT C''~ft,Il~~~ • ^ t~fCGFD Y~~.tFtt.^. _ 9_ ~ ~ ~ ~ f ~ 4499'74 = ~ ~ , . ~ ~ epi,~o;~ }o 3;'+'1 ~ ~~~~~sq~L ~ 8~kr ''Q~: ~Y~ . . _ . , _ 4 .