HomeMy WebLinkAbout1988
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prior b entry of a judgment enforcing this Mortgage ik Borrower pays Lender al! sums which would be then due under
this Mortgage` the Note and notes securing Future Advances. if any, had n0 acceleration occurred; (b) Borrower cures
~ raiA~. wnuA/i~.e N nnrmmpflEft d Qc1rrOWAr CnntYlned In ttlla Mottos
aii fit f$$i,i ipaZ vi Ri ij csu :ti: asv a an:w :a:.. ~ _ _ gec ld 8arower pays all reasgnable
expenses incumd by lender_in an{orcing.the coverwnts and agreements of borrower contained in this Mortgage and an
enforcing lender's remedies as Provided in paragraph 18 hsrsoti including, but not limited to, reasonable ~ittotneys tees;
and (d) Borrower takes such action ~ Lender may re$sonabty roquire to assure that the Ilan of thin Mortgage, Lenders in-
terest intheProperty and eorrawere oWigatlor? tQ pay t~ sums secured bythia Mortgage shalt continue unimpaired, Upon
such payment and curs by Borrower. this Mortgage and the ObNgations SeCUrod hereby shall remain in lull force and effect
as if no acceleration had occurred. -
g0. i#esigntRSatMot INMs; AtppolntmentofJleoslwr. As additional security hereunder, Borrower hereby as6igns
to Lendsrthp rants d Nye Property. provided that Borrower shall. priorto acceleration under paragraph t 8 hereof orabandort^
ment of the Property, hays the right to coi(ect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. t,$nder shaft be entitled to have a
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r'8i5NY 8~^,p!+f!!ti!r! L+y @ rni~rf to enter uoon_ take c~osseeskx? d and manage the Property and t0 collect the rents of the
Property, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of
management d the Property and collection of vents, including, tx,t not Ilmited to receivers fees. premiums on receivers
bonds arxf~easonabte attomeys fees, andihen to the sums secured by this Mortgage. The receiver shall be liableto account
only for those rents actually received.
Z! . ~ Futuh AdrarrCN. Upon request by Borrower, Lender, at Lenders option within twenty years from thedate 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 byMis Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus US= MOPIE---------------
gZ. Iielellse. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower, Borrower shall pay all costs of recordation, it any.
Z3. Atbmsys Fees. As used in this Mortgage and in the Note, "attorneys tees" shall include attomeys fees, ii any,
which may be awarded by an appellate court
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
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STATE OF FLORIDA, County ss: 1"IARTIN
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
VIRGIL V. STEELE. III AND KATHY L. STEELE, HIS WIFE
to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that Borrower executed the same for the purpose therein
expressed.
WITNESS my hand and official seal in the county and state aforesaid this 15th day of
OCTOBER , t 9 79
My~('~di~hli9sioA,~xplres:
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•'(S~ , Notary bf
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NpTAtY %UPl}C ST4TF CX fLQR}2, AT LARGE
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MY COri•'aISSIUN ~?iRES NOV 19 1981
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(Space 8ebw This Line Reserved for Lender and Recorder)
A-3098 6/79 BU~X~~(7 ~'A~Eit~~,r