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HomeMy WebLinkAbout2724 ~t .,i 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 sceuring Future Advances, if any, had no acceleration occurred; (b) Borrower curs all breaches of any other covenanu or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Leader in enforcing the covenagts 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 ucured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain is full force and effect as i[ no acceleration had occurred. 20. Aasigameat of Reatx AppoiQtmeat of Receiver. As additional security hereunder, Borrower hereby assigru 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 a< they become due and payabk. Upon acceleration under paragraph IS hereof or abandonment of the Property, Lender shall be entitled to have a receiver appointed by a ~rourt 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, receiver's fees, premiums on receiver's bonds and reasonabk attorney's fee, and then to the sums secured by this Mortgage. Thc receiver shall be liable to account only for thou rents actually received. 21. Fottue Advances. 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 arc ucured hereby. At no time shall the principa! 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. Release. Upon payment of all sums secured by this Mortgage, Lender shall rekau 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 bt: awuded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered in the presence of: 2. D niel R. Bracci ~O"O1M" ~C' uw~ e#' Crowe. C' Frances J. accio STATE OF FLORIDA, S):.•..I.UC l e ..........................County ss: I hereby certify that on this day, before roc, an officer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared. paRl~~ . R.. Bra4~ io, and ,Frances ,J. , Brace io, .....bis. s~tife to me known to be the person(s) described in and who executed the foregoing instrument and acknowlcdgcd before me that.....~b~y.....executed the same for the purpose therein expressed. WITNESS my hand and official seal in the county and state aforesaid this........ 19.th ...........day of ` ! ...ao~,iembec l9. ~q... • ~~I~,~om?~sitin exprres: J • ~ ''r, .~1~v Notary Public _ r,,~ . 1 .o 'ry0 i _4 „1. y ,Q" ~1,,.••• .jam ' M~ lsvece Brow This Line Rssorvod Fo. Lender and Recorder) ~iC r` ' lJ f~IEO ~!t: - CEO A"~% . 3 .luc~ _ Fly. RECCp' ~ ~ - p~ iO 3 sQ Pa ~9 4s9nn~7 i;0~lf~~~ PdGEz~ i