HomeMy WebLinkAbout0043 prior to entry of a judgment enforcing this Mortgage if: 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) @onower cures
all breaches of any othercovenants oragreemenls of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants Arid agreements of Borrower contained in this Mortgage and in
enforcing lenders remedies as provided iri paragraph 18:hereof,lncluding, but hot limited to, reasonable attorneys fees;
and (d) Borrower takes such action as tender may reasonably require to assure that the lien of this Mortgage, Lenders in-
terest inthe Property and Borrowers obligation to paythe Sums secured bythis 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 if no acceleration had'occurred.
20. Assignment of Rents; AppolntmeM of ReCelver. As additional security hereunder, Borrower hereby assigns
to Lenderthe rents of Me 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 paypble.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shalt be entitled to have a
_ recerve? 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 lirsl to payment of the Costs of
management of the Property and collection of rents, including, but not limited to, receiver s tees, premiums on receivers
bonds and reasonable attorneys lees, and then to thesums secured bythis Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Future Advances. Upon request by Borrower, Lender, at lenders option within twenty years from the date o1 this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured bythis
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no Ume shall the principal
amount of the indebtedness secured bythis Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USa 38000. 00
22. Relseise. Upon payment of all sums secured bythis Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, it any.
23. Attomer's Fees. As used in this Mortgage and in the Note. "attorneys tees' shalt include attorneys lees. it any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF. Borrower has executed th+s Mortgage.
Signed, sealed and delivered ~ ~ ,
+n the presence of: - _ 1, - , ~ .
C. F. /SHHAWVER N TRUCTION• Oi4Pp1!t1S I1±~C.`_~~
Q DY ~ Cr - ~ (Seaq ~
C. F. SHAWV R, PRESIDENT
(Seat)
(Seaq
ISeall
STATE OF FLORIDA, County ss MARTIN
1 hereby certify that on th+s day. before me, an officer duly author+zed +n the state aforesaid and +n the county
aforesaid to lake acknowledgements. personally appeared
C. F. SHAWVER. RRESIItENT
OF C. F. SHAWVER CONSTRUCTION COMPANY, INC..
A FLORIDA CORPORATION. ON BEHALF OF THE CORPORATION
to me known to be the persoMsi described in and who executed the
foregoing instrument and acknowledged before me that Borrower executed the same far the purpose therein
expressed. -
WITNESS my hand and otf+c+al seal +n the county and state aforesaid th+s 1ST day of '
OC'~D~B6t# l g 80
.tVly Commission ekpires: ~ ~9" a ~ ~ ~Jer ,r ,r , ~ I ~r
(Seat?` Notary Public
z _
. l
(Space Be~ow This L+ne Reserved for Lender and Recorder)
~ 3G9t3 6%79 $~x~~ 4:3
~ -
- ~ ~ _