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HomeMy WebLinkAbout1951 prior to entry of a judgment enforcing this Mortgage it: (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 agreement: of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants and agreement: 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 feet: and (d) Borrower takes such action as Lender may reasonably require to aaure that the lien of this Mortgage. Lender's interest in the Property and Borrower's obligation to pay the sums secured by this Mortgage :hall 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 no acceleration had ocxurrcd. 20. MdpreN et Rest Applntwert of Reeelver. As additional security hereunder, Borrower hereby assigns to Lender the yenta 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 u they become 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 oaurt 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 recxiver shall be applied first to payment of the cost: of management of the Property and 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 sceured by this Mortgage. The receiver sha!! be liable to account t only for those rents actually rooeived. Tl. IRrrtrrre Ad~asceai. Upon request by Borrower, Lender. at Lender's option within twenty years from the date of this i 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 amouat of the indebtedness secured by this Mortgage, not including sums advanced in aocordanoe herewith to proteM the security of this Mortgage. exceed the original amount of the Note plus US=............ . . 22. Relks+ae. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all coats of recordation. if any. 23. Attoraey't Fas. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees, if any, which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed aced delivered ~ in the pr+eSe cx of: • ~ , ~~~?1 rl;:ri;? (Seal) Thomas F. Rhodes o.~,: ~ . L~I~G~,~~ 4/~_ Q~..,71~~!fl~ . ~~>LU4~:........ (Seal) Re race Marie Rhodes i STATE OF FLORIDA, S.t...I.UC)e .........................COllnty S5: 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..... ~110M1AS. F....RHODES......dnd . ...REGINA. MARIE .RHODES.,. hiS .wif0 rrte known to be the person(s) described in and wha executed the foregoing instrument and acknowledged before me that........~4Y..executed the same for the purpose therein expressed. WITNESS my hand and official seal in the county and state aforesaid ihis........24~h............day of Jung . >i4. ~ ~ 1 My ~ ; ~ .j ;P~;~r • trotary Public ~ - ~1r •R:tip Notery Public, Stai© of i!or?c'~+a ;ar;~ ~ l~~R y = : ~ My Commission Exp:res R4ar:.h ~3, 1981. ~i .,-~1, . R, ~~C _ ! n' i? y:~}t!~ •4 ~ ` (Space Below This LiM Reserved For Lender and Recorder) 19~A J~1~I 25 ~i'i 12~ 02 FIIED ANC FECORDtO Sf LUCIE COIA[TY.ftA. ROGER POITRAS CLERK CIaCWT CCWt QfCEP! VCFIFifC _ t t 49Q812 ' BCrUX c~3 P~GE1,~9