HomeMy WebLinkAbout0468 prior to entr~•.of a judgment enforcing this Mortgage if: la) Borrower pays !.ender all sums which would he then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred: Ih) Borrower cures
all breaches of any other ~avenants 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 tender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attomt:y's fees; and
(d) Borrower takes such action as Lender may reasonably rcyuirc to assure that the lien of this Mortgage. Lender's interest
in the Property and Borrowei 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 etTect as if
no acceleration had occurred.
20. AssiRnmeat'of Rents; Appointment of Receiver. As additional security hereunder, Borrower hereby assigns to
I_rnder 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, 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 'uf the
Property, including those past due. All rents collected by the receiver shall be applied Brst 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
hoods 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 Advancsa. 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 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 Note plus USS. 32F10(I..OA
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 [ees" shall include attorney's fees, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
• . r
.........($eal)
' Ili ~ -8ortowar
............(Seal)
--aonuw~
STATE OF FLORIDA, P~~ ......................COUnty SS:
I hereby certify that on this day. before me, an otlicer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. ~ S•..4~ ~.'.Y . .
.1?~~~tr..~S.W~~i to me known to be.the' person(s) described in and who executed the
[oregoing instrument and acknowledged before me that...t~l~y.......cxecuted the same for the purpose therein
expressed.
i
~ • ~ m ha~,a and!I official seal in the county and state aforesaid this ~Q~ ........day of
~~~ER e•~... !9..89 .
- S r fUotary Public
. S' ,
(Spsoe Below This Line Reserved For Lender and Recorder)
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