HomeMy WebLinkAbout1321 prior to entry of a jtrdpneat enforcing this Mortgage if: (s) Borrower pzya Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances. i[ any, had no aeoelention occurred; Ib) Borrower cures
all breaches of any other ooveoants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expeasa incurred by Lender in enforcing the ooveaagta sad agreemenb of Borrower contained is this Mortgage and in
enforcing Lender's remedies ss provided in paragraph 18 hereof. including, but not limited to. reasonable attorneys feet; and
(d) Borrower take: such action as Leader may reasonably require to assure that the lien of this Mortgage. Lender's iaterett
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment sad cure by Borrower, this Mortgage and the obligation: secured hereby shall remain is full Ioroe std elhct as it
no aocekration had occurred.
2t. Asdgt~t of RsMfs Appoitttntettt of Receiver. As additional security hereunder, Borrower hereby assigns to
Lender the r~ertts 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 rant: se they become due sad payable.
Upon acceleration under paragraph 18_hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed try 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 colkctod by the receiver shall be applied first to payment of the costs of
management of the Property sad collection of rents, including, but not limited to, receivers fees. premiums on receiver
s
bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. "Ilse receiver shall bt liable to account
only for those teats actually received.
21. Faltu+e Airasces. 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 arc secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in aocordanoe herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USt
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall please this Mortgage without charge
to Borrower. Borrower shall p.y all coats of rccordalion, if any. -
23. Attoraep's Rea. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees, if say,
which may be awarded by as appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
..~1:..~~: ~,.../~1'f.~Y~-!..........(seal)
Carl B. Tauer ~0f'°'"'r
:
n~~. P . .(Seal,
No R.• Tauer ~OffOM/f
STATE OF FLORIDA, .....5~.. ~•Lt~~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..G~'1 $..~alleX:.~3d.NQ)"ttl~ T~ltex:, .
Otis wife, , , , , , , , , , , , , , , , , , , , , , , , , , to me known to be the person(s) described in and who executed the
[orcgoing instrument and acknowledged before me that... theY.......exeeuted the same for the purpose tberein
expressed. - -
WITNESS my hand and official seal in the county and state aforesaid this........9th .............day of
..........June .19.80....
! ; ll~y~C~pp~aton eaptrcs:
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_ ~ ~i •y .i= Net•n t~bMc stet. of t~orldo
.
0,S ~ ~ _ of l,~ra~ 19i EaP~
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G~ .r~~ _
(Sp1ce 8~low TAis LiM Reserved For Lender and RotorAeh .
. - . . -".'.~Y 1980 JUN 20 PI! i2~ 24
~ f ' ^ ^ _ FILED ?hD RECONpp~~D
SLlt1C1E COtiNTY.fIA.
RQGER PQITRAS
CLERK CIRCNT CO t
RECLRB ~'EP1F'FG"-~~
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49042
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