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HomeMy WebLinkAbout2961 • prior to entry of a judgment enforcing this Mortgage iL 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) Borrower cures all breaCheB of any other covenants or agreements of Bomowercontained inthis Mortgage; (q 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 pro+ided in paragraph 18 her@ot, including, but not limited to, reasonable attorneys fees; and (d) Borrower takes such action as lender may reasonably require to assur@ that the lien of this Mortgage, Lenders in- , terest in the Properly and Borrowers obligation to paythe 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 tut! force and effect as if no aCCel@?ation hed.occurred. Z0. AsslgnrrNM of Rem; Appointment Of fri~lwr. 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 orabandOn- ment of the Property. have the right to collect and retain such rents as they become due and payable. Upon acxeleration 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 col:act 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 tees, and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those rents actually received Zt . Future At~lvances. 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 USS NONE--------------- 2~. R~Iws~. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgagewithoutcharge to Borrower. Borrower shalt pay all costs of recordation, if any. Z3. Attom~s FNa. 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 in the presence of: (seaq ~ JEFF by 1) WITT --v--~ (Seat) (Seaq (Sea.q STATE OF FLORIDA, County ss: ~SXXZ[~~X MARTIN I hereby certify that on this day, before me, an flicer duly authorized in the state aforesaid and in the county • aforesaid to take acknowledgements, personally appeared JEFFEkY M. Le WITT A SINGLE MAN . to me known to be the person(s) described in and who executed the foregoing ir~j~fnt and acknowledged before me that Borrower executed the same for the purpose therein express` r'f~; ` ~ WwITNESS-riy hand and official seal in the county and state aforesaid this- 21ST day of r'1 v lT My Cbr(+miss~dn expires:. (j i Notary ub. (Space Below This line fleserved for tender and Recorder} - - epi~ol~ ~o •d~o' al~!1'8 a~e~Isgy EQO~~(~2~ PilGE~A