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HomeMy WebLinkAbout0435 i prior to entry of a judgment enforcing this Mortgage if ~ 1 a) borrower pays (.ender all sums which would be then due under this Mortgage, the Note. and notes securing Future Advances; if any, had na acceleration occurred: Ih) 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 ltlortgage and in enforcing Lender's remedies as provided in paragraph IR hereof, including, but not limited to, reasonable attorney's tees: and (d) Borrower takes such action as Lender may reasonably :cyuire to assure that the lien of this Mortgage, Lender's 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 Borrower. this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred. 20. AssiRntneat of Rent:; Appoinltneat 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 become 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 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 - . bonds and reasonable attorney's [ces, and then to the sums secured by this Mortgage. 'Ilte receiver shall be liable to account only for those rents actually received. 21. Future Advances. Upon request by Borrower, (.ender, 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 USS. • .18,6OfJ•.A0 • • • • • • • - • • • • • • • 22. Rekttse. 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 foes. if any, which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrower has exccuted this Mortgage. Signe Baled and delivered in the pr nee ' Alpha ~ Inc. New York oaYporation f ~ yf~/u~!. .(Seal) Feter J. ezza, ident ~Bo~°"~` t • f ..........................................(Seal) . .-8onower i ~ _ STATE OF FLORIDA, S~•. ......................COUnty ss: ! t t 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. personally appeared J- Px+es]~c3erlt of , , , , , to me known to be the person(s) described in cad who executed the foregoing instrument and acknowledged before me that .........exccuted the same for the purpose therein , expressed; *IR1~atlat S~stellts Inc, a New York corporation, on behalf of .the corporation. ' : . .~b3 _ .and official seal in theQcounty and state afot~esaid this.... ...........day of r.f'e 19 YY. ...rn~~~.°~ . ' vS~'i•:r:'_-.... _.r;x (rotary Public. v .~,~i.i ,Kai ,iVir. r_r.f:.. n:,.:..c : - ~ - J. N - (Spate tlelow This Line Reserved For Lender and Recorded I a1~341 435