HomeMy WebLinkAbout2616 r~~C• t '•"i~t~
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prior to entry of a judgment enforcing thk Mortgage if: (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) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (e) Borrower pays all reasonable
expeases incurred by Lender in enforcing the oovenagts 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 attorirey's fees; and
(d) Borrower takes sucb action as Leader 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 unimpaired. Upon such
payment and sue t'y Borrowe-r, this Morig~ae and the obligations s..;:ttr~t31
~ctby ahal! remain in fu1! ftst~ atsd e![tet as if
no aocekation had oocurced.
28. Asatg>~eN d Rem Appolnbnent of Recclver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property. provided that Borrower shall, prior to acceleration under paragraph 18 her+oof or abandon-
ment of the Property, have the right to collect and retain such rents ss they become due and 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 costs of
management of the Property and collection of rents. inchrding, but not limited to, receiver's foes, premiums on receiver's
bonds and r+a:onabk attorney's fees, and then to the sums secured by this Mortgage. The~receiver shall be liable to account
only for those rents actually received.
2l. Ftitore Aitanees. 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 advanood in accordance herewith to protect the
security of tha Mortgage, exceed the original amount of the Note plus USS.. ---r--r-----------
?2. Releases Upon payment of all sums secured by this Mortgage, Lender shall release. this Mortgage without charge
to Borrower. Borrower shall pay aU costs of recordation, if any.
23. Attorsey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes, if any,
which rosy be awarded by an appellate court.
IN WtTrtESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
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C~ .~..c~.y::t.-.. (Seal)
oht~ R. Shannon -eot.~.w.
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~~!~~-~4!~l: e~r,~....,~ / ~.J~~~ %r~~~:.:~!%~,vnr (seal)
L?~ v Barbara S. Shannon --eorr~••
STATE OF FLORIDA . ............$t.. Lt~.4r.e .................County 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, personally appeared... John •R. • ShannoR• and $aFbara• •S.• •Sfaantron,
• • • .his •wi ~e • • - • . • to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that.. they • • • - • • .executed the same for the purpose therein
expressed.
~ WITNESS my hand and official seal in the county and state aforesaid this........20th............day of
.....December 19..
My,Commission expu^~s: _ .L~~~G~~:~41~. IJ'~1`.4~~~e'.
1~t ' ~ S ~'f'[f..rl ~ trcdary Public .
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~ : • •I ~ - Notory ?ub'k Slob of frortde `
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1990 JAN 16 A!1 9' 14
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