HomeMy WebLinkAbout0395 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays lender all sums which would tie then due under
this Mortgage. the Note and notes securing Future Advances, if any, had no acceleration occurred; Ih) Borrower cures
all breaches of any other covenants or agreements of Borrowrr,contained in this Mortgage; (c) Borrower prys all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attomey's fees; and
(d) Borrowtr takes such action as Lender may reasonably rcyuire 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 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 it
no acceleration had occurred.
20. Assignraenl of Rents; Appolattaent 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-
ment of the Property, have the right to collect and retain such rents as they become due and payahle.
Upon acceleration under paragraph 18 hereof or ahandonment 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 of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
hoods and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall he liable to account
only for those rCnts actually received.
21. Future Advances. Upon request by Borrower, !.ender, 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 he 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, exceed the original amount of the Note plus USS..20,IIOO.OA
22. Release. Upon payment ~of all sums secured by this Mortgage, Lender shall release this Mortgage without chargt
to Borrower. Borrower shall pay all costs of_recordation, it 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.
I:v WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered '
in the presence of:
Q
~,-?-4 ~ C ~ (Seal) i
Charles E. Walker -soaower
t ~`t . .~GI~eJ . (Seal)
. • ° ~ Ida J. Walker ............-eorrwrer 3
STATF: OF FLORIDA, St.. ltlcie .....................County ss:
I hereby certify that on this day, before ntc, an officer duly authorized in the state aforesaid and in the county
aforesaid •.v take acknowledgements, personally appeared ..Charles. Walker. sold .Ida. J 1~atlker... _ . .
.....bis. wife to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that.....they.....cxecutcd the same for the purpose therein
f expressed.
~ WITNESS my hand and official seal in the county and state aforesaid this........4th . ....day of
.........August . I9 .$0
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