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HomeMy WebLinkAbout0131 a+ ~ ' ~ ~ 7 t prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays tender all sums which would be then due under this Mongagr, the Note and jtotes securing Future Advances, if any. had no acceleration occurred; lb) Borrower cures f all brraclres of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expc~es incurred by lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in ` enforcing Lender i rerrredies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees; and ~ (d) Borrower takes such sction 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 shalt continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full farce and effect as if rw aocrkration bad occurred. ~ 2*. As~seN d Rea>M A~oiMracN of Receiver. As additional xcurity hereunder, BoRQWer hereby assigns to I Lender the trots 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 become due and payable. s Upon aooekntion under paragraph I g 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 P perry, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of m~nagrmatt of the Property and collection of rents, including, but oat limited to, receivers fees, premiums on receivers bonds aad reasonable attorney's fees, and thin to the sums secured by this Mortgage. '[lie receiver shall~be liable to account only for those rents actually received. 21. Fa>ta>re Airancs+s. Upon request by Borrower, lender, at Lender's option within twenty yeah from the date of this ii Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be soured by this t Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no tune shall the principal amount of the indebtedness socrurd by this Mortgage, not including sums advanced in accordance herewith to protect the • security of this Mortgage, eaoud the original amount o[ the Note plus USS • ~f?..~rQQr QQ • • • • • • • • • • • - 22. Rdeaaa Upon payment of all sums secured by this Mortgage, lender shall release this Mortgage without charge to Borrowrer_ 8orrow~er shall-pay all costs of recordation. if any. 23. Attoney's Fa+a. 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 WtrrtESS WHEREOF, Borrower has executed this Mortgage. 1 Signed. sealed and delivered in the Dretretttx of: r Ra red M. John -aarow.r i i Bliz R. Jo n STATE OF FLORIDA, . PAIIr! BBACA• _ • • . • . • • • • „ • , .COttnty SS: I here txrtif that on this da .before roc, an officer gutyy authorized in •the state aforesaid and in the oottnty by y ge y Pe Y PPS RAYI~ND Ire. JO11Z190N and BLIZABBT'H R. J(~90N r aforesaid to take acknowkd ments rsonall a red . his wife to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before tree that ~Y...... executed the same for the purpose therein eitpirssod. { Witt~rESS my rood and oBicial seal in the county and state aforesaid this .................day of ~ .............19.x. s ~ A _ Notary Public r ~ ~J;~ r/ - "-mss `i~' I +t ~r,~-' . (Spice BNow This liM Reserved For lender and Ricordad i • _ gt~~~ tIGE ~ r,~ ,