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HomeMy WebLinkAbout2353 e ~ prior to entry of a judgment enforcing this Plortgatte if : 1 a) Borrower pays l.entler all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred: lb) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonahle expenses incurred by Lender in enforcing the covenants 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 reyuirc 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 if j no acceleration had occurred. ~ ! 20. Assignment of Rear:; Appointment of Receiver. 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 o[ the Property, have the right to collect and retain such rel~ts as they becolre due and payable. } Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a i 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 fiat to payment of the costs of management of the Properly and collection of rents, including, but not limited to, receiver's fees, premiums on receiver'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 tender 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 advanS~ l ance herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS... -~?a~W'u~ • • • • • • • • • • • • 22. Release. Upon payment of ali 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 deliveced in the presence of: r i - (Seal) ~I' lrled~lWar -sorrawr A. 9mithem / lylarij 9mi~ STATE OF FLORIDA, B~A¢~• , , • • • • • - • • • • - • • .County ss: - I hereby certify that on this day, before me, an officer dul authorized in the state aforesaid and in the county aforesaid to take acknowledgcmerits, personally appeared . & - •~.S. wife.AMID - ~ j.A,. ~.&.~A~.+..., me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that .......executed the same for the purpose therein expressed. , "hiS wife. i TNESS hand and official seal in the county and state aforesaid this... ~~............day of 1 s ` 19..8Q . ~i ~ . . ~ ion plus: ~ ' . Notary Public r . ~•w ' : - - NOTARY PtIBUC S7ATE Of FLORIDA Aj LAgC# > ~~r~ :3 ~'~r~ MY CU,':,;,~;151(ni Enr'~fuS FEB 20 1934 fn : t BO: ~ . t:r:UERWRtTERS ' s i (Spec! Below Tbis Line Reserved For leader end Recorder) i i - ) p 800K ~O PAGE k~