HomeMy WebLinkAbout1848 . e k
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
Ihts 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 containedin this Mortgage; (r~ 8orrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of 8orrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorneys fees;
and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lenders in-
terest inthe 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
as it no acceleration had occurred.
20. Asslgnmont of Ronts; Appolntmont of RocNvor. As additional security hereunder, Borrower hereby assigns
to lender the rents of the Property, provided that 8orrower shall, prior toacceleration 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. Alt rents collected 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 receivers
bonds and reasonable attorneys tees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. FutunAdvancy. Upon request by Borrower. Lender, at Lenders 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 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 US5 NONE---------------- -
22. RN~aos. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgagewithout charge
to Borrower- Borrower shall pay all costs of recordation, it any.
23. Afnorn~y's Fas. As used in this Mortgage and in the Note, "attorneys tees" shall include attorneys tees, if any,
which may be awarded by an appellate court
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed. sealed and delivered
~n the presence o!:
- ISeaq
r'
- NEIL E~~M-EWTO
"f ~ - - ~s~ - CX ~f.~«v ~ / ` c^-'iii./ tSeaq
- LOf; / TA J . NEWT l
(Seal)
(Seaq
STATE OF FLORIDA. County ss: MAF:T I t~l
I hereby certify that on th,s day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements. personally appeared
NEIL E- NEWTON ANI:t LOfiETTA J- NEWTON, HIS WIFE
. to me known to be the persoMsl 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 sea! m the county and state aforesaid ih~s j- r'T day of
i`~OVEMBEF: , 19 ?9.
My Commiss,on expires.
- (S~aq, ~ ~;E Notary Public
iw~~ Am ~
tSpace Below Th,s L,ne Reserved for Lender and Recorder)
a~nx~~9 ~aGE~,8~1
~ A-3098 6i 79