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HomeMy WebLinkAbout0484 i , • i 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, it any. had no aocekntion oceurrcd; (b) borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reawnabk expenses incurred by Leader in enforcing the covenants and agreements of Borrower contained in this Mortgage and is enforcing Gender's remedies as provided in paragraph 18 hereof, including. but not limited to. reasonabk attorney s fees; and (d) Borrower takes such action as lender may reasonably require to assure that the lien of this Mortgage. lenders 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 Borroww, this Mortgage and the obligations secured hereby shall remain in fuB force and eRect as if no acceleration had occurred. 20. Aasiggarest of ReNs; AppoiNureN of Receirer. 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 payabk. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shag br entitled to have a receiver appointed by a court to enter upon. take possession of and manage the Property and to eolket the rests of the Property, including those past due. All rents collected by the receiver shall be applied first to paymart of the costs of management of the Property and collection of rents, including, but not Gmitod to, r~ecsiver's fees. premiums on nxeiver's bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The nxciver shall be liable to account only for those rents actually received. 21. Future Advsteea. Upon request by Borrower, Lender. at Lender's option within twenty years [rom the date of this Mortgage, may make Future Advances to Borrower. Such Future Advarroes, with interest ihersoa. shall be secured by this Mortgage when evidenced by promissory notes stating that said notes arc sectued hereby. At rro time shall the principal amount of the indebtedness secured by this Mortgage, not including sums advan~ceedd in accordance herewith to protaet the security of this Mortgage, exceed the original amount of the Note plus USS_ .2b,OQQ..Q~. 22. Rdaua Upon payment of alI sums sxured by this Mortgage, Leader shall reksse tha Mortgage _ to Borrower. Borrower shall pay all costs of rernrdation, if any. 23. Attoney's Fees. As used in this Mortgage and in the Note. "attorney's fees" shall include art K¢ ari)i:•, - which may be awarded by an appellate rnurt. _ - . `o~~M~•''Nt' ' . _ .r 9 IN WITNESS WHEREOF, Borrower has executed this Mortgage. - , • ~ . Signed, sealed and delivered Laurel Builders, Inc. .a' ~ttTCAfpo>ration •~r L in the presence of: tom'`= Y~ ~/•y • ~ j11f~f ,t . ~!t! . I/..y""' ~ ~ ' : ~trf x (Seal) Peter 6. Robi risen, ~ V i ce ~~~es i dent ~ . -a«.owe. STATE OF ~ FLORIDA COUNTY OF INDIAN RIVER • I HEREBY CERTIFY, that on this 3rd day cf Septewber 1980 before me personally appeared Peter G. Robinson----------------------------- respectively Vice President awd------------------------ { _ Seer~t~t--~r------=------------------, of Laurel Builders, Inc. j a Florida Corporation, to .-.e known to be the person(described in and i who executed the foregoing instrument, and severally acknowledged and execution thereof to be their free act and deed as such officers for the uses and purposes therein me~rtioned; and that they affixed hereto the official seal of said corporation i _ - • . and saq~ instrument is the act'and deed o- said corporation. _ ViTN,~~ ~ Sand; and of f i c i a t sea 1 at Vero Beach said county , - - C . , - - ~ . ~ --t n : ~ • • ~ " ti~ tiotary Public, i n and for State and County --~1"~~~'.~- aforesaid. ~ la, ~~~'••ti~Eo~~.N-•. ~ _ !sy commission expires: SeL~irFty Federal 'Savings and Loan Association of 1 nd i an,.Et,~r County ~ Commus~ ExprreS ~'ebn~ry 27~ 1~4 - P. •0. Box 2709 - Vero Beach, Florida 32960 • r ~ 498'741 ' 19OSFP-S AM :1= IS s t ago ~ crJaaEO sT.t ucrf"~ctnttY fta. - ROGER POtTRA5 C:fP.Y. CtRCUIT CC~~~RT r?ECrRb :'FFlFIE. 1~Q115`1-+' . c1 c+'1 a~tl ~'Q . ~ ~ BOOK JJO PAGE 483 .