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HomeMy WebLinkAbout2692 • i - - prior to entry of a judgment enforcing this Mortgage if: la) 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; Ib) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained m 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 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 i[ no acceleration had occurred. 20. Assigameal of Reats; Appoiata~eat of Recetvcr. 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 as they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Properly, 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 Proptrty and collection of rents, including, out not limited io. rcccitas s fees, piciiiiii:iii v~f icici~2i s bonds and reasonable 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. 21. Future Advances. Upon request by Borrower, Lender, at Lender s option within twenty ytan 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 •14,70O.OQ • • • • • • • • • • • • - 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 foes. 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: Wtvi~ 1-L~S QONS`li~IGTICN, Il~• { Florida tics. ~ . - ?4 ~ . it _ - _ c Ellen J. C~iter ~ ideat~_ - ~ , ~?'Zk4.r,-~.-~. ~ ~ ,vice x ~~/b 1' r n - STATE OF FLORIDA . . ......St. ~~.Q ........County ss: - -"r• 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.. F.11e~1.J.. (~ithrl, .Pr~gitie~nt.a<td ~i~1Q}i.Q..~, .~17-f~ ~5~~~ to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that ~1ey........ executed the same for the purpose therein expressed. I - „ ~ t WITNESS my hand and official seal in the unty and state aforesaid this ............day of .~l - - ~c~ 19-~: ~ t - ~ E My Commission expues? / - ' ' +d~i/1tr rlJRl IC STATE OF fLOIt10A AT l/1Ri[! • ~J~ d - {S~1T ~fCOMMiSS1ON EXPIRES AIR 1 1951 ~ry p~pi~ ROaDED TItW (~Rnt INS. l1t~DER1NRITERS - 3 . n S ...~•~i D, ~ ' ST~Et CA~OIA1 r ~ o - ~ ~ - ~ RODE POI RAl; ~ ' ~ ' ;t7 - - CLERK Cf1;gNT COURT ~ REpRf) vERIF j (Spice BNow TAis Line Reserved For Lender ind Re00rderl srrATE alF FI~It~ ~ aotrn~ of sr. ulcer was acJQlow before tTte this 3rd The for~egoiTig instnmP.nt lec~ed ~ day of /lut,,,~•~.p, .1980, by ELLEN J. (~Ti'II2L, President, and Ii~SIEY A. KGIId~C, ~ Vice President of <~GOCENfE H~ DO[~LS't'RtJC,TIC[J, 1NC. , a Florida Corporation, on behalf , of the Corporation. S o ~;•1~ ~ran expires. Notary Public ~ ' -p ~x~~N?rlJltfC STATE t1F iWIt1OA AT fJ1~ . ~ C _ ~J :TAY CQMMISSId.V EXPIRES A/R. 1 19d1 ' 1O TMU t~At INS . U1~DQ1MR1 TE1S r F ~ 1 • ~ t ~ ' ; ~ 8001( 1_ ~