HomeMy WebLinkAbout2167 • ~
-
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 Futuro 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 Leader in eafor+cing 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 limitod 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, tttis Mortgage and the obligations secured hereby shall remain in fuU fotti:e and eRect as if f
no accekration had occurred. - ~ i
20. Aadgasewt of Ret~ Applatased of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the Hots of the Property, provided that Borrower shall. prior to acceleration under paragraph l8 hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payabk.
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 rueiver shall be applied Brst to payment of the costa of
management of the Property and collection of rents, including, but not limited to, rec:eiver's fees, premiums on receiver's
bonds and reasonabk attorney's fees, and then to the sums secured by this Mortgage. 'Ibe receiver shall be liable to account
only for those rents actually received.
21. Mare Advances. Upon request by Borrower, Lender, ttt Lender's option withia 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....... 'Q' . .
Z2. Rellea~e. 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 fees, if any, i
which may be awarded by an appellate court.
IN Wl1'NESS WHEREOF, Borrower has executed this Mortgage. .
Signed, sealed and vexed
in the presence
Y. ~k~~`~~ (Seal) ~
OTNEL E . BURTON --e«r~.. ~
. 4', V ..4.. ~w~~-z - (Seal) i
REVA E. BURTON -e~~,.. +
i
STATE OF FLORIDA, St...LUCi B .........................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 acknowledgements, personally appeared ~~he~ . ~~ll"tQn , ~(1d f~~Yd , , ~ul;tOn, , , , ,
.his .wife.. to me known to be the person(s) described in and who executed the '
foregoing instrument and acknowledged before me that . th!'J! ........executed the same for the purpose therein
expressed. .
WITIiESS my hand and official seal in the county and state aforesaid this....... ?5th, , , , , , , , , , , ,may of t
Apx:i.l l9.. $Q ~
My Commission expu~es:
:,,:.,u:,,
.~`~~O.~jt - A•ARY /~.~tCSTA~t7FN~lW?AT
• 3 t
^j~ ~ ~ Altr CCMYKSION t~S RRE . t~ Wbi Notary ~
-
Sp : ~ b~' yl~,C? sOaM TNIMJ Gd~tHat tt'1S. t!?#tvk~+
. b ~ ~ ~
s ~ i?.
~ ~
(S;psoe BNow This Line Reserved For Lender and Recorder)
i
FItEt' 1?M: FE C(JItOt:O
Sf.LUC COUltTY.FIJt.
ROGE~ F'OITRAS
CLERK CMCUIT COUR
4 E~~449
t
i
i
r?~
saox~ PacF21~