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HomeMy WebLinkAbout1411 1 prior to entry of a jtdgmertt enforcing this Mortgage if: (a) Borrower pay: 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 covenant: or agreements of Borrower contained in this Mortgage; (e) Borrower pays all reasonable expense: incurred by I~ertdet is enforcing the covenagts and agreements of Borrower contained in this Mortgage and in enforcing Fender's remedies as provided in paragraph IS hereof, including, but not limited to. reasonable attomay's face: and (d) Borrower takes ouch action as Lander may reasonably require to assure that the lien of the Mortgage, Lender's interest f in the Property and Borr+ower'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 fuU force and effect as if no acceleration had occurred. 20. Asdpaes>t of RaMR A~ointmeN of Receiver. As additional security hereunder, Horrowar hereby assigns to Lender the rents of the Property. provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abtndon- ment of the Property. have the right to collect and retain such rents a: they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shop 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 coats of t management of the Property and collection of rents, including, but not limited to, receiver's ices, premiums on receiver's bonds and reasonable attoraey's toes. and then to the sums secured by this Mortgage. The receiver shall bt liable to account only for those rents actually received. 21. lA's~re Aira>,ces. 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 aooordanoe herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS.. 22. RelRaae. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shaA pay all costs of recordation, if any. 23. Atta~raey's Ras. As used in thu Mortgage and in the Note, "attorney's fees" shall include attorney's foes. if say, which may be awardod by an appellate rnurt. Irt WtTrlFSS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and deGverai in the Dtesence of: Malheta B. McLean -eoR~ow.. STATE OF FLORIDA, _ SL...L11GI 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... iial.heta. 8... licleaa.,. FVt .uotnarr:i.ed .woatan . to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that..... s,he .....executed the same for the purpose therein - ~ eapressed. ~ WITNESS my hand and official seal in the county and state aforesaid this..........5th...........day of .........March 19... 8A. My Commission exptres: L%~x J _ _ , - ~ .4'/`~•~ I Luc! st.n. Wotul? Laic R ~ b - ~ ary Iubec .Stott Ot' of twat. My , ' = Mord~ 7. 19aZ 1 ' \ , _ ~ ~ I 6 ~ ^ _ (Spice Below This Lint RtsKV~d Fot Lender snd R~cAratd ~ ~g (y~_r ` - _ 481311 4 - - -i. ~J ; 1980 NAR 31 AM II~ 30 IlFO a Q q=Cn ~i UCI C LINTY. lA. ~ 6E ~OITRAS ' CNtCNIT € tRCORa L'EttlFttO - I 4 i i - - e1:~~328 PaGE1411 . ~