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HomeMy WebLinkAbout0595 7 • ~ ~ t .s prior to entry of a judgment enforcing this 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; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in 3 enforcing Lender's remedies as provided in paragraph 18 hereof. including, but not limited to, reasonable attorney's tees; 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 sad Borm~ver a obligation to pzy the sums scoured by this Mortgage shall continue unimpaired. Upon such 3 payment and curs by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if i no aceeleration had occurred. ?A. Aadgnweat of Retris; AppoiMmest of Rcceher. As additional security hereunder, Borrower hereby assigns to i_ender 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 bocane 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 coats of management of the Property and collection of rents, including, but not limited to. receiver's fees. premiums on receiver s bonds and reasonable attornay's foes, and then to the sums secured by this Mortgage. "Itte receiver shall be liable to account only for those rents actually received. i 21. Futore Advances. Upon request by Born~wer, 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 accordance herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS.././//./././//././//~/.//~,/.~[/.. 22. Release. Upetn payment of all sums secured by this Mortgage, Lender shall n;lease Ibis Mortgage without cb a~ to Borrower. Borrower shall pay all costs of recordation, if any. ~ 23. Attoraiey'a 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: ~~~.~~~~z~~?~~G~ . . (Seal) Carlo~.,,A. De Leon ' ~OfOM1ef ~e~.~ al:~ .....mil-,c~~..... (seal ) r Catharine De Le ~Of°M1°' STATE OF FLORIDA,......... SL..I.UGJl~ ..........~.........COUnIy SS: F Thereby certify that on this day, before roc, an officer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, pcrsonafly appeared.. Carlos .A.. D~e..Leota. and •Cathar•irla •DQ• Leon, • • .h tS . kr! ~e to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that.... the)t .....executed the same for the purpose therein expressed. WITNESS my hand and official seal in the county and state aforesaid this......29tb . ........day of January .......................19.$0.... MX,~oln~ion expires: L l~ . r2 .~s s, ~ Hoary ~ S No hb4 ' ~ ` ^ ~ = oe lwae. My CoraraMron tapirN lL? ° b : ~ s Mardi 7, 19112 I t. (Space Below This line Reserved For Lender end Retprdeq 1_ - ~~~r~ dry a".--7 .,7,. + jIIC~ - - - - ~ ~ 4 ~262f, t ; I98O APR 10 Pk 3:.23 ' - =fRE I1EG ~l~ ~rr.FIA. ITRAS ~l ~1Rallr M~ORIM VERtilEO____~L~ t t + ' d ~ . ~ ~ a~~x 329 Pa~~ 595