HomeMy WebLinkAbout1687 pricer to entry of a judgment enforcing this Mortgage i(: t a l Harrower pays !.ender all sums which would be then due under
this Mortgage, the Nate and notes securing Futurr Advance., if an}-, had no acceleration occurred: (h) Horrawer curet
all breathe. of any other covenants or agreements of Harrower contained in this Mortgage: Ic) Harrower pays all reasonahh:
expenses incurred by lender in enforcing the covenants and agreemems of Borrower contained in this Mortgage and in
enforcing lender i remedies as provided in paragraph 1 t{ hereof, including, but not limited to, reasonahle attorney's fees: and
1 d) Harrower takes such action as !.ender may reasonably rcyuire Ice assure that the lien of this Mortgage, lender i interest
in the Propert}• and Borrower's obligation to pa}• the sums secured by this Mortgage shall continue unimpaired. Upon such ~
pa}•ment and cure by Harrower, this Mortgage and the obligations secured hereby shall remain in full force and eBect as if
no acceleration had occurred.
20. Assignment of Rents; Appointment of Receix•er. As additional ucurity 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 rolled and retain such rents as they become due and payable.
Upon acceleration under paragraph IK 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 collect the rents of the
Propert}•, including those past due. All rents collected h}• 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 tees, premiums on receiver i
bonds and reasonable attorney's fees, and then to the sums secured h}• this Mortgage. The receiver shall be liable to account
only for those rents actual!}• received.
21. Future Adsaoces. Upon rcyucst h}• Horrower, Lender, at !.enders option within twenty years from the date of this
hlartgage, ma}• 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 arc 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 Nate plus USS!~~~•Q~•Q~-QQ• • • • • • - • • • • • - • ~
?.2. Rektue. 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 i fees" shall include attorney's fees. if any.
which ma}• be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has cxrcutcd this Mortgage. t
Signed, sealed and delivered
in thI)e presence ot:
lJl}itX~ .(Seal) ~
Robert L. Kilpatrick -8or.~er r
. t rct?nau. • uituc~C:......csea,)
W Kil at~ risk -$OfO'""
Barbara p
STATE OF FLORIDA, .......Martin ..................:.....County ss:
1 hereby certify that otf this day, before mr, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, rsonally appeared Ii08ERT..L...HILPATBICK .and. BARBARA
:.H1...K~I.~A~$~~Lt,..h~~ .w~.~~...., to me known to be the person(s) described in and who executed the $
foregoing instrument and acknowledged before me that. ~~~y........executed the same for the purpose therein
f expressed.
~ ..m .........da of
hand and official seal in the county and state aforesaid this........ ~ y
19. $.Q
t
My Commission expttes:
````~~.t..ut~tt NotJty Public
SCE tswz•
~1;,
` rlv r i •
~ ~ - , , r f~01ary ptt~tr, Slate of Floes if IJfQR ;
~ M)? tommissioa E:pins Iwy w, 1482 }
.
lr.:;..
(SPsce Below This line Reserved Fw Lender en0 Recordeh i
~ ~
s
x
~ ~ ~
fK340 P,~i687
_ ~ -
- -
..,,r mow. -3