HomeMy WebLinkAbout1670 prior to entry of a judgment enforcing this fitortgage if: ta) Borrower p;?ys !.ender all sums which would he then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; 1 h> Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; Ic) 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 lo, reasonable attorney's fees; and
(d) Borrower takes such action as Lender may reasonably reyuirc to assure that the lien of this Mortgage. Lenders interest !
in the Properly and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such t
payment and cure by Borrower. this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. AssiRntaent of Rests; ~Appointraeat of Receiver. As additional security hereunder, Borrower hereby assigns to
!_ender 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 IR hereof or abandonment of the Property, !.ender shall be entitled to have a
receiver appointed by a court to enter upon. take possession at 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
twnds 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. Future Advances. Upon request by Borrower, l_endor, at lender s option within twenty years from the date of this _
Alortgagc, 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. ~~~.2Q0, QQ .
22. 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 fees" shall include attorney's fees, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed his Mo ge.
Signed, sealed and delivere ~!~(G
in the ce of: ~ tSeal)
John J. P ell, Jr.
. r ~ J~ . (Seal)
p 1. El a '-ea.ower
s ~sN _ ~ 6 . . ~ /
• r t (Seal)
Doug! E. M de
~ii =~~~t~U' . (Seal)
STATE OF FLORIDA, ...Z18R1'II'I COUNTY. SS:...... i : .
Sandra J. McQuade
I hereby certify that on this day, before mc, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personalty appeared.~Q1~1. s?-. p$~J~•,. aTR...h~sbdn~l Q~ .$I,y$R~ , , .
•ig, • p~~'i" * to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that ~heY.......executed the same for the purpose therein
expressed.
* DOUGLAS E. McQUADE and SANDRA J. McQUADE, his wife.........
W NESS m hand and official seal in the county and state aforesaid this..... , .a.~............day of
.................19.80..-
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- Rotrr !title. State of Florida at Largo .
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ISWee Below This LiM Reserved For Lender end Recorded
STATE OF 1!TEIi Y C
OOiR~ITY OF
The foregoin ins t was ack !edged before me this
day of , 1980, by M. PENNELL fe JOIN J. PENNELL,
JR.
Ii y •ry
My Coarisstp~ et;p es: . , Pn,!„F~x-R~u~ic
~ , 3.:r, _ . %,'y t~ Notary Pc . ':mow Yait
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