HomeMy WebLinkAbout1756 prior to entry of a judgment enforcing this Mang;+ge if: ta) Borrower pays Lender all sums which would he then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred: th> Borrower cures
all breaches of any other covenants ar agreements of Borrower contained in this Mortgage; Ic) Borrower paya all reasonable
txpenses incurred b)• Lender in enforcing the covenants andrgreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 1 K 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 sunx 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 if
no acceleration had occurred.
20. Assignment of Reats; Appointment of Recei~•er. Ac additional security hereunder. Borrower hereby assigns to
!.ender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof ar abandon- s
ment of the Property, have the right to collect and retain such rents as they became due and payable.
Upon acceleration under paragraph IR hereof or abandonment of the Prapert)•, i.ender shall be entitled to have a
receiver appointed h)• 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 Propert)• and collection of rents, including, but not limited ta. receiver's fees, premiums on receiver's '
hands and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall he liable to account
only for those rents actually received.
21. Future Advaacea. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this
I?fortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Sortgage 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~~•.4OO..QO
22. Release. 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. Attorney's Fees. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees, if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and deliveced
in the Dresence of:
.Q/.YIC!~........ . ........(Seal)
Apr' a K. Bayett ~ -8orrower _
. ...........................(Seal)
-Borrower
STATE OF FLORIDA, .I+IX-,ZF .....................COUnty S5: ~
i
I hereby certify that on this day, before m~, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared..APRT.GT.,E.K..80Xk;~T, .a. Sin+gle.pers0[1
• . • • . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that S~ executed the same for the purpose therein
expressed.
-~,O
? WITty ~y hapd official seal in the county and state aforesaid this.. ...............day of ;
..,~t,.,,~f1~l1vC ' 1979.. ,
+
~o~ ~
~ ~ Notary Public . R
V x'~y1 ~'Siate of Flotid;k
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(Space Below This Line Reserved For Lender and Recorder)
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