HomeMy WebLinkAbout0481 prior to entry of a judgment en[orcing this Mortgage if: ia) 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; lh) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
c~penses incurred by Lender in enforcing the covenants and agreements of Borrowe[ contained in this Mortgage and in
enforcing Lender i remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees; and
' (d) Borrower takes such action as Lender may reasonably require 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 torte and effect as if
no acceleration had occurred.
- -20. Assignment of iEent:: Appointment of Receiver. Ac 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. Ail rents collected by the receiver shall be applied Ent 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 [tes, 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, i_ender, at Lender's option within twenty years from the date of thjs
Mortgage, may make Future Advances to Borrower. ,Such Future Advances, with interest thereon, shall be secured by this
l1lortgage when evidenced by promissory notes stating that said notes- are secured h_treby. 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...'~4.~Q.0~ -
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 feel' shall include attorney's fees, if any,
which may be awarded by an appellate court.
IN WITNESS WKEREOF,- Borrower has executed this Mortgage.
c tgn sealed and delivered
in the p nee of:
~ 4 . (Seal)
. Z aRl@8~ N.. ,e~. , -Sarowar
i r.~ .~~r ~ .(Seel)
, . .ti81'y LGr: rier --Sorrow..
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STATE OF FLORIDA, .......................County SS:
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 ....TA>!'!~S .>;1.. Ti1.RN$R. dill MA$Y . L.. Ti~B, _
.his .trife to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that ..they .......executed the same for the purpose therein
expressed. _ "
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Wt7ti nd and official seal in the county and state aforesaid this....... ~s .............day of
~ ~ 19..$Q
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(Space Show This Line Reserved For Lends and Recorded
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