HomeMy WebLinkAbout0442 prior to entry of a judgment enforcing this Mortgage it: (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) 8orrowe? 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 Lenders remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorneys tees;
and (d) Borrower takes such action as tender may reasonably require to assure that the lien of this Mortgage, Lenders in-
terest in the Property and Borrowers obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon
such payment and cure by Borrower,lhis Mortgage and the obligations secured hereby shall remain in tu11 torce and effect
as it no acceleration had occurred.
20. AsalgnmMt of Rerlta; AppolntmM! of Reghrer. As additional security hereunder, Borrower hereby assigns
to Lender 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 t$ 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 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 fees, and then to the sums secured by this Mortgage. The receiver shall be liabie to account
only for those rents actually received.
21. FutunAdvanc~s. Upon request by Borrower, Lender, at tenders 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, nolincluding sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USa NONE-------------------
22. Relest~. 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, if any.
23. Attom~ys FNti. As used in this Mortgage and in the Note, "attorneys tees" shall include attorneys fees, if 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:
+ ? y` (Seal?
~ BOB D . ERDES
U E S . GERDES (Seal?
(SeaQ
- (Seep
STATE OF FLORIDA, ,
County ss: MARTIN
t 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
BOB D. GERDES and JUNE S. GERDES 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_ 23rd day of
_ NOV _mher t g_~ %
My Commission expires: - \`-~~G~~
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(Space Below This lane Reserved for Lender and Recorder)
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