HomeMy WebLinkAbout1206 . _ ?
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prior to entry of a jud~ment eaforci~a this Mortp~e if: (a) Botrower Ps~ Lender all wms whicb would be thea due uc~der !
this Mortpge~ the Note and aota securina Futurc Advances. if aoy. had ao aoakration occurrod; (b) Borrower cura '
ail breaches of any other oovenann or aareements of BoROwer eontained ia tha Mortpse; (c) Borrower pays all reasonable ;
expenses incurred by Lender in eaforcing the oovenagts and agroements of Borrowe~ uontained in this Mortgage and i~
enforcina Lende~'s remedia as provided in paragraph 18 hereof. includina. but not limited to. reasonabk attorney': fas: and j
(d) BoROwer takes wch actiot~ as Lender may reasonably require to asaure tbat the lien of this Moctpae. Lender'a interat ~
in the PropeAy aad Bormwer's obli~ation to pay the sums secured by this Mortpae ahall continue uaimpaurod. Upoa such i
paYment and cun by Botmwer, this Mortaage and the obii~ations aocured Aereby sball remaia ia fu!! toroe aad d~xt ss if
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no aocekratan had occurred. ~ , ;
20. A~dprc~t ot Raqq Appi~twest ot Receher. As additio~ai sacurity hercuader. Borrower hereby assigns to `
Lendec tbe n~nts of the Property, provided that Barrower shall, prior to sccekration under puagraph 18 heroof or abandon-
ment o[ the Pmperty. have the right to oollect aad retaia such rents a~ they become due and payabk.
Upon acoderatioa uader puagraph 18 he~+eof or abandonme~t of the Property. Lender a6a11 be endtled to have a
receiver appointed by a oourt to enter upon, take poases~sio~ of and manage the Property aad to colkct the nnts of the
Property. iocluding those-past due. All renta rnllected by the rooeiva sluli be appliod first to payment of t6e costs . of
managemeat of the Property and collection of reots, including. but not limited to. receiver's fas, premiums on reoeiver's '
boads aud reaao~abk ~ttoraey's fea. aad then to the sums secured by this Mortgaae. 'Ibe receiver shall be liable to aooount ~
onty for those reats anually reaived. 4
21. F~t~re Aira~eas. Upon request by Borrower, l.ender. at Lende~'s option within twenty yeus from thc date of this
Mongage, may make fltture Advanses to Bormwer. SLch Future Adva~ces. with interest thercon. shall be axured by this
Mortga~ee when evidenoed by promissory notes statina that said notes are securod hereby. At no time sl~aill the principol
amouat of the indebtedAas secured by this Mortgage. not includin6 sums advanoed in aooordance herewith to protect the
sccurity of this Mo~tgage, exoeed the original amount of the Note plus USS. .-r-=-=---------------..
22. Rdeara UpQn p~yment of all swas secured by this Mortgage, Lender shall rokue this Mortgage without chuge
to Borrower. Bomower shall pay sU oosts of rocorda~an. if any. ~
23. Atto~ser's Fea. As used in this Mongage and in the Note. "attorney's foes" shall include attorney's foas. if any,
which may be awuded by aa appellate court.
IN WITNESS WHEREOF, Borrower has eaecuted this Mortgage.
Signed, sealed and deGvered
in t6e Dcrsence of:
~~",,,,,,.A. . . . : . . . . . . . . . . . . . ~
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Ri chard~ A. Morga son ~ -sor.o..~
. . . . . . . . . . . . . . i.%~. . . . . . . . . . L~-f'!t~/(Ses1)
. Dorothy~ . Morganson ~ -Ba~
STATE OF FLORIDA, . . . . . . . . . . . SL.. .~.UC le . . . . . . . . . . . . . . . . . . .COUIIty SS:
I hereby certify that on this day, before me, an ofi'icer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. ..Ritha!'I.! .A..Morgansoo. and .Qorotha~ .K.. .
, ••MorgansoA,. h.is .wife . to me known to be the pecson(s) described in and who executed the
foregoing instrument and acknowledged before me that. ..they.. ...executed ihe same for the purpose therein ~
~ eapressed ~
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~ W~n~ESS my hand and oflicial seal in the county and state aforesaid this. .zQth. .....day of
~ ..........~Y~e .........19..~9... ~
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~ My Commission exp~es: . . . .~~ei~~a~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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