HomeMy WebLinkAbout0608 prior to entry of a judgment enforcing this Mortgage if: la) Borrower W)'s Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, it 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 Lender in enforcing the rnvenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provi~d in paragraph 18 hereti+f, including, but not limited to, reasonable attorney i fees: and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien o[ 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, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Assiga¦rerrt o[ Rehr A~oirtlttacal of Receiver. As additional security hereunder, Borrower hereby assigns to
lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon- '
l:xnt 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 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 receiver shall be applied first to payment of the costs of
management o[ the Property and collection of rents, including, but not limited to, receivers fees, premiums on receiver
s
bonds and reasonable attorney's foes, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actwlly received.
21. Fotrue Aavarrcts. Upon request by Borrower, Lender, at Lender's option within twenty yeah from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interat 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 accordance herewith to protect. the
security of this Mortgage, exeood the origins! amount of the Note plus USS.39,t~QQ.OQ .
22. Reiaise. Upon payment of all sums secured by this Mortgage. Lenckr 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,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the Dresence of:
- - - - - - - - • - - ~r/+../~.
1 GCL~;1*r. ,LP,pu: (Seal)
Arbidella Clark ~0f
f°"M`
i . . . (Seal)
-larowK
STATE OF FLORIDA . . R~l~.~i ................COttnty 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. ~~4$(~ a. l~x>r~ed. Pl+F~Kltl .
- - . - • . . . . to me known to be the person(s) .described in and who executed the
foregoing instrument and acknowledged before me that. ...$~.......executed the same for the purpose therein
expressed.
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WITNESS my hand and of)icial seal in the county and state aforesaid ..................day of
. .......................19.x?.
i '
- 4? ~O~!- - nora~r r~aK .
(Space Below This Line Reserved for lender and Recorder)
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. 6th PI?~E
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