HomeMy WebLinkAbout0680 prior t0 entry of a ludgmsnt entorcjnp this Mortgage if:1a1 Borrower pays Longer all sums which would be (hen due ur~d@r
flue Mortgage. the Note and notes securing Fugue Advances, it arty. had no acceleration oCCurred~ (b) Borrower cures
all txeaghes of,arty other c~overtg~rtts or at9reemgnts of 8orrptwsr containeld in this Mortgage: Borrower pays alb reasonable
expenses incurred by Lender in enfoScirtg the Cpv~nts and agreements of Sorrgwe/ cgnWined in this Mortgage and in
enforcing Lenders remedies as proved in ppragraptt l8 harlot. including, but not li~nfted to,.reasonable attorneys tees;
and (d),f3sxrotlrerlakes such action as Lender may reasoryaWy r@quir@ to assure that the:Gsn of.this Mortgage, LertSfers in-
ter to the tProperty and Borrowers optigation to pay the surt?a: secured by this f~AoRgage shat! Continue unimpaired. Upon
suc~i
payrtpnt and Cure py Borrow@r~ Ihis MoR~e and the obligatior~ @sc4rsd hereby shall remain in full force and offect
as.if no alCCebratlon had occurred. ,
~O. *sslqurs?Ittof f~enq; AppolMtnent of R~llw~ As additional >ectirity t~eunder. Borrower hereby assigns
to Lender the rents of the ProPertY~ provided that iorrower III, prior tpaCCelerdtiot>;under paragraph 18 hereof ar 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 Property, Lender shall ue 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 Property and collection of rents, including, but not limited to, receivers tees, premiums on receivers
bonds and reasonable atlomeys fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actualty received.
21. fFutun AdwncN. Upon request by Borrower, Lender, at Lenders option within tv+entyyears 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 bythis Mortgage; not including sums advanced in accordance herewith to protect the
security of this Mortgage. exceed the original amount of the Note plus USS NONE---------------
22. Relesss. 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. Attorneys FNS. As used in this Mortgage and in the Note. "attorneys tees" shall include attorneys tees, 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: -
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` ~AA~' CHARLES R: ROWN
V-K~GC.~ ~J~/ ~.1~~~ ,~Z2~iR ~y~"V''w`' - (Seaq
MARLA K. FROWN -
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(SeaQ
STATE OF FLORIDA, Countyss: MARTIN
j 1 hereby certity that on this day, before me, an officer duly authorized in the state aforesaid and in the county
~ aforesaid to take acknowledgements, personally appeared
~ CHARLES R. BROWN AND iiARLA K_ BROWN. HIS WIFE
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~ ~,?usity{l,_-~;~~ , to me known to be the person(s) described in and who executed the
& foreggi~ irpl)r acknowledged before me that Borrower executed the same for the purpose therein
exp~sg~,:,=a•~: •~s
~ ~ 11V~NE~ hand and official seal in the county and state aforesaid this 13TH day of
) My Comittiscion expires: ~a~~, /,C,P.J~ Q/X,~
fSeaq Notary Psb6c
Not+rt? P~r6ic, Slate of ?orida a la:gc
,
My CowrMSSioa Expires 1May 19, 1980
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(Space Bekyw This Une Reserved for Lender and Recorder)
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• A-3096 6/79 ep • `
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