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prior to entry of a ~udgmcnt enforcing this Mortgage it : 1 a 1 Borrower pays I ender all sums which would he then due under
this Mortgage, the Note and notes securing Future Advances. if any, had no acrcleration occurred: tb? Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage: I c) B~?rrower pays all reasonable
expenses incurred by Lender in enforcing the covenants andaagreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph IR hereof, including, but not limited to, reasonable attorney's fees; and
Id) BOrrOwef takes such action as lxnder mry reasonably require to assure that the lien of this Mortgage, Lender's interest
in the Property and Borrower's ohligrtion 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 i
nu acceleration had occurred. f
20. AssiRnmenl of Rents: Appointment of Receiver. As additional security hereunder, Borrower hereby assigns to
I.endcr the rents of the Property, provided that Bormwer shall, prior to accelcrrtion 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 `
Upon acceleration under paragraph llt hereof or abandonment of the Property, 1_ender shall be entitled to have a
receiver apix~inted by a court to enter upon, take possession of and manage the Property and to collect the rents of the r
Propert)•, including those past dot. All rents collected h)• the receiver shall he applied first to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
twndsrnd rersonable attorney's fees, and then to the sums secured b)• this Mortgage. "Ilse receiver shall be liable to account
only for those rents actually received. ;
21. Future Advances. Upon request b) 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 4
Mortgage when evidenced b)• promissory notes stating that said notes arc secured hereby. At no time shall the principal ~
amount of the indebtedness secured by this Aortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS.`~1.~Q.DO• • • • • • • • . • • • . • -
22. Release. Upon payment of all sums secured by this Mortgage, lender shall release this Mortgage without charge
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to Borrower. Borrower shall pay all costs of recordation, if any. i
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 coup.
IN WITNESS WitEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the Dresence of:
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..:..(Seal) 4
' % Mic el(` J.... ,Kel y ~OrfO~""
~`.~4~C~1~:. / . ~~.t~l~.,~ ~JC'.` :411./.. (Seal) ;
~Ecli IGelly -Borrowe.
STATE OF FLORIDA . . pA~. BEACH COUnIy SS:
I hereby certity that on this day, before mc, an officer dul • authorized in the state aforesaid and in the county
of tp~tOke acknowledgements, personally appeared. J•. ~'Y, and EDITH ItELLY, his wife
. , s-~:.r~~ . : . to me known to be the person (s) described in• and who executed the
fo ~ iris.. f• and acknowledged before me that ...#i~Y .......executed the same for the purpose therein
tuZPiessed. ,
j n, s .'fir /
! tTNESS~tty~ ~ and official scat in the county and state aforesaid this ~ day of
r~..i._'` ...............1984.
j ~y t;.dtnanissioa eaptres: ~ ~ ~
Notary Publie
I ~ ~[Sestl
t~OiARY FUEUC S.:;E CE flC:It~A AT LkRC~
h11 G~.,.....:~:..,.. ~..r,,,a "tv i~34
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(Spsce Below This line Reserved Fo? Lender snd Recorder)
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go`rn~ 336 Pd~E 144
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