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HomeMy WebLinkAbout2288 •i . t prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays [.ender 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 Leader in enforcing the covenants and agreement: of Borrower contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof. including. but ~ 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 continue traimpaired. 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. Aadgaraeat of Rehr A'polNaseat of Receiver. 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 u they bceotne due rod 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 collected by the receiver shall be applied first to_ payment of the casts of management of the Property and collection of vents, including, but not limited to, receiver's foes, premiums on receiver s bonds and reasonable attoroey's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account ~ only for those rents actually received. 21. Flare Aivatitcas. 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 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, exooed the original amount of the Note plus USS..1././//J.l!//./.!//J.~l!//./.,1. Z2. Rdeaae. Upon payment of all sums secured by this Mortgsge. Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all costs of recordatan, if any. 23. Attorsiey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes, if any, which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, scaled and delivered - in the Dresence of: L~'~a-- ......................(seal) ~ Frederick ~R. ~Potts -9onowar /.`l . ~il~e,e~cv.......... . ~ ...........(seal) Virgin ~ M. Potts ~orroa.r STATE OF FLORIDA . .............St.. Lucia .....COllnty SS: 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, personalty appeared... FrhdetiCk. R...Fotts. and .Virginia .M..... . .....Potts,. his .wife to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that... , Ibex .....executed the same for the purpose therein F expressed. s E f i WITNESS tray hand and official seal in the county and state aforesaid this.........2lSt...........day of .....ilovetnba>~ 19.79.... € MX~4lmission expires: . N\\NN1wl~IM~~ NOrafy PYplic g ~``',.a ~1~s~ _ \ ~ ' ;l ~Z:: No\ar1? t'bb~c s~ota of t~ortde ' ~a ; . ~ - ' } st tarp. My CoM.Mfioe liuFiru Ri p y V Ii~rd 7, 19A2 ~ V ~ / lst»ce nelorr This line Reserved For lender and Racordaq s. ~ ; . F LEO AN'• at -.=DEO OSti££ b`~t"0~~ '~^L~3!d 1210.E i~- lu~;~ ~ ~ Ft~l. R! F Jlt.~~::~,,.. ~ _.,,y;l ~;:~dJIH~ RECO~r t_t~ DEC 7 2 oa PH 448'780 anoK 321 P~~E 2285