HomeMy WebLinkAbout0476 ~ ~ ~
~a 4
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if 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 covenants and agrcements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provides! in paragraph 18 hereof, including, but not limited to, reasonable attorneys fees; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgages, Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall rnntinue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations sexured hereby shall remain ir. full force and effect as if ~
no acceleration had occttrnd.
21. Asdgaweat st< Rea~tsl AppohNatertt 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 rnllext 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 rnllect the rents of the
Property, including those past due. All rents rnllected by the receiver shall beapplied -first to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receivers fees, premiums on receiver's
bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Fnture Advancts. Upon request by 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 sxured 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 adva~ ~n accordance herewith to protect the '
security of this Mortgage, exceed the -original amount of the Note plus USS. zR s ~~Q • Q~ _
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without cba~~ .
to Borrower. Borrower shall pay all costs of recordation. if any. .~~+~.,~.:~,r„, .
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's ~ -
COY y 4 ~ ~
which may be awarded by an appellate court. - - ~
IN WITNESS WHEREOF, Borrower has exsxuted this Mortgage. s~.~,r ~ . ~ - -
9i • _
~y'• - ~ -
Signed sealed and delivered ~ ~ ~L~~!
• r~ '
in the presence of: Laurel builders, Inc. a Florfsfii~;~$f~¢ pii
~ zr sr~ ~~/~lY'
~ ~ ~ ~ ~ ~ ~ Peter G . Robinson, Vice Pres i dente _`++T
l:~omo~/
..........................................(Segal).
--eo..owa
STATE OF FLORIDA COUNTY OF INDIAN RIVER
1 HEREBY CERTIFY, that on this 3rd. day of September 1980
before me personally appeared Peter G. Robinson-----------------~d-----------
respectively Vice President anti------------------------
-
~ ~ of Laurel Builders Inc. '
~ a Florida Corporation, to -se known to be the person= described in and
who executed the foregoing instrument, any severally acknowledged and execution
thereof to be their free act and deed as such officers for the uses. and purposes
therein mentioned; and that they affixed hereto the official seal of said corporation
and said instrument is the act and deed o: said corporation. -
1d1.TNES~S m -hand and official -seal at Vero Beach
~ y' said county
s
1saAd ~3t$~e
- ~ - .s<;-~ ~ Notary Public i n and for State and County
- - aforesa i
C' My commission expires:
l ~ s'
~ ,`•S~~ut~t~- Federal Savings and Loan MY Commission Expires February 27~ I984
i ~AssS~o~,at i on of Indian River County - ~ -
P. 0. Box 2709 _
Vero Beach, Florida 32960
!
1
~s~s~~s
19~ SAP -9 l,al i~ 4~ -
f Ili:O a:'tC FrC0f:l1!•0
. ~ ST.LUCIE COl:NiY.fl~.
ROGER Pt31TRA5
CIfRK Ct&CUIi CCUnT
epl~~I~ f~ 'd.l~~ ~,~iy Y i-
B~K~S PAGE 475
- -
-