HomeMy WebLinkAbout1179 prior to entry of a judgment enforcing this Mortgage if: (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 acceleration occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including. 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 Mortgage. Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall rnntinue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain. in full force and effect as if
no acceleration !ud occurred.
20. Aa~ewewt of Rewtst Appoiwta~ewt of Receher. As additional security hereunder. Borrower hereby assigns to
Lenkkr 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 hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a court to enter upon. take possession of and manage the Property and to collect the rents of the
Property, including those past due. All rents rnllected 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, receivers fees. premiums on receiver's
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 71te receiver shall be liable to account
only for those rents actually received.
21. 1Fwtwre Adoawees. Upon request by Borrower, Lender. at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest theroon, 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 by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS • . •22, ef00.C~0. • • • • • • • • • • • • • • -
22. Release. Upon payment of.all sums secured by this Mortgage, Lender shall release this Mortgage withoy4cbarge .
to Borrower. Borrower shall pay all coats of recordation. if any. ' ` •
Z3. Attorwey's Foss. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees,;it.
.
which may be awarded by an appellate rnurt. , ~ 1,~`
` ~M
IN WITNESS WHEREOF, Borrower has executed this Mortgage. _ - «
~ ~
Signed, sealed and delivered laurel Il1e. , a Flotictd Cbs'~d~tt`~.acL' _
in the presence of:
Pet-rer G. R~obir~on, Vice President ~ ''=aorrew.r
. cst:ap
. _Berrorwr
STATE OF FlOrid3 COUNTY OF Il'Idian
I HEREBY CERTIFY, That on this l9th day of OC`trOb~S 19 79 ,
II before me personally appeared PAS G. ROi;?i2'?9CtI1
Vice
respectively t~ President a _ of
{ lat]rE.',l Bl1~.ldE'_*'~3 Tr>5. , a Florida Corporation, to me
known to be then persons described in and who executed the fa~regoing instrument, and severally acknowledged the exe-
cution thereof to be their free ad and deed as such officers for the uses and purposes therein mentioned; and that they
affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation.
WITNESS my hand and official seal a said county and state.
Lary Public, and for State and Coun _
My Commission Expires: ~,!!1 X ~ v
Noto?y Public. S ~ ~at t.arges
My Commission
(Space Below TAis Line Reserved For Ler.~er and Recorder) •
l.I 1'
•~;v
119 ACT 3~? ~ ~ I8 ~ ,
ST. L: "S~chil.rtA. .
464289 . ~
~~'~~:319 PaGE1177