HomeMy WebLinkAbout1226 prior b entry of a judgment enforcing this Mortgage if: (a) 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: Ib) Borrower cures
all breaches of any other covenants or agreement of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreement of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attomey's faa; 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 securod hereby shall remain in full forot: and effect as if
no acceleration had occurred.
20. Aadgolneet of RssAS= A~olMsaettt of Recelvcr. As additional security hereunder, Borrower hereby .assigns to
Lender the rent of the Property. provided that Borrower shall, prior to acceleration under paragraph 1 b 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 rent of the
Property, including those past due. All rents collected by the receiver shall be applied first to payment of the coat 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 fees. and then to the sums secured by this Mortgage. 'I~te receiver shall be liable to account
only for those rent actually received.
21. Fwore Adtrattces. 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 interat 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 USS5y1)00.00 • • • • • • • • • •
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all cost of recordation, if any. .
23. Attorsey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, i[ any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the ce of:
~ . s~~%' ~ ~
~ ~ William L. ~ hen •
1 ? ~ -
:-~-r... - ._~!1`.~ - !~%~!1;~-~ , ..(Seal
)
Alice A. Shaun ~ ~ ~ ~ -a«~+?
STATE OF FLORmA, .........Martin ........................County ss:
I hereby certify that on this day, before roc, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared... ytilliam. L... Shane. and .Alice. A... Shaun.... .
• . • • 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.
I -
E
~ WITNESS my fiend and official seal in the county and state aforesaid this...... zQtb ...:.........day of
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" •.•N 0 TA z Public. St+te of Florida at large • • ~ .
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~Y,?P 6~siaission Expires Nor. 26.1983
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