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HomeMy WebLinkAbout0805 j 1 ) prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays tender •rll sums which would be then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; lb) Borrower cures all breaches of any other covenants of 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 Lender 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 Iorce and effect as if no acceleration had occurred. 20. AssiRnmeat of Reath Appolstrscst 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 becon'e 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 rnlkct the rents of the Property, including those past due. All rents collected by the receiver shall be applied Rrat to payment of the costs of management of the Properly and collection of rents, including, but not limited to. receiver's fees, premiums on receiver's - bonds and rcasonabk attorney's fees. and then to the sums secured by this Mortgage. 71~e receiver shall be liable to account only for those rents actually received. 21. Future Advsaca. 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 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 USf .2~, ~0 r Q~ . . 22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all coats of recordation. if any. 23. Atloraey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foal. if any. which may be awarded by an appellate coup. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered - • in the presence of: , ~ ` ~ ....................(Seal) S - Puri ~ -aomorw. d~v'1. - /'.-l,4?.t:. (Seal) J~ B. f -so,.a... STATE OF FLORIDA, . PAI+i~I A$ACB ......................COtlnly ss: I hereby certify that on this day, before roc, an officer dul jr authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared..St .P[iR~..,a~d.JW~i A..~(JRI,. h~s.~i€t'..... • . to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that....tbeY......eaecuted the same for the purpose therein ~ expressed. , • • • • WITNESS mend and.official.seal in the county and state aforesaid this...~~ .................day of ~ ~i , 19.80. M~- _ expires: ~ - Notan? Puwie A • _ ' r`~ ARY 1~1fILIC STATE Of FLORIDA At U~iCE ~ ~,~.,I~, s MY COMMISSION EXPIRd fu YO 198 _ t •.tv ~.YOED TfiRU GEtkMI INS, Ui10ERWR1ioaS '4~...- (Spite nNow This LiM ResenW Fa Lend~~ snd RKOrdeh s - • s i • ~ IlR 800K~ PAGE = _