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HomeMy WebLinkAbout0009 LTIC prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays (.ender all sums which would he then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred: Ih) Borrower cures all breaches of anp other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays 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 attorney's fees; and (d) Borrower takes such action as Linder may reasonably require to assure that the lien of this Mortgage, Lender's interest in the Properly 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. Assignment of Rents; Appointment of Receiver. As additional security hereunder, Borrower hereby assigns to . Lender the rents of the Property, provided that BorrY~wer 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. Upon acceleration under paragraph ! 8 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 of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 71te receiver shall be liab)e to account only (or those rents actually received. 21. Future Advances. Upon request by Borrower, lender, at !.ender 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 are 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.13aQ~~Q4 32. Release. Upon payment of all sums secured by this Mortgage, Lender 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 tees" 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 presence of: SUMAC INVESTMENT, INC. , a Florida Corporation. , ''nnll MacLeod, President. 1 -sorrower .`.J~.~c~. ~ o (Seal) -eorrowa STATE OF FLORIDA . ...................Martin, , - - . , .....county ss: ' 1 hereby certify that on this day, before mc, an officer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared. JANET. A., Ir1aeI.1~OD,, Presidgrtt, of SIJMAtr. , , , , .IHVSS'1'<!~1'~...I19C... * to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that....~~.......cxecuted the same for the purpose therein expressed. * a Florida Corporation, on behalf of the Corporation...... . WIT nd and official seal in the county and state aforesaid this ...........day of ~ 19.$4. . I My frotntllissioa expires: ~ ' ,ttll~t~Zttttill~;~, . ?JY . . ~ yGT.lgjQr,.r, 1 _ • _ hlottlry fr6it. State d Flnida at lsrga ~ : _ M1? Coatatissioa E:pira Mt?10, 1982 ;~F a~s Lt,1 G tii.aa h M•lw Fiw a cw.b c~>r .~~~ff ~v ~~~~'L1; ; rh"r;„~,..~ • (Space below This Line Reserved For Lender and Recorded € THIS INSTRUMENT PREPAREOBY.~ f9~0 SE' -5 p~; 2: c..xy, 111 uNO,Px s FILE(' RNC F~CEKI~i (t ~I~J HUfCHESON Fi YO ~ ~ SI.LUCEC07p/1Y.11A. ~~sa~oA wp~'it+is~MttYtt~ , ROGlLR PCITRAS 4MptR >Mtt4it~? CLERK CIRCUIT COGr~I trot torn 1?vttrouE~~_.. f1EC0ap fPIFlF4_,.p~-(' ~ woRte+. Ftaao+? asMt v~- 48444 - BCOK JJS PdGE 9 ~ . _ .