HomeMy WebLinkAbout1012 prior to entry of a judgment enforcing this Mortgage if : 1 a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, it any, had no acceleration occurred; Ih1 Borrower cures
all breaches of any. other covenants or agteesients o[ Borrower contained in this :~lortgagc; tcl Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender a remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney i 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 force and effect as if
~Sa acceleration had occurred.
20. AssigameM of Rents; Appohxment of Receiver. As adc(itional security hereunckr, Borrower hereby assigns to
Lender the renu 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 u they become due and payabk.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a rnurt to enter upon. take possession of and manage the Property and to collect the rents of the
Property, including those past due. All rents rnllected by the receiver shall be applied first to payment of the costs of
management of the Property and rnllection of rents, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonabk attorney's fees, and then to the sums secured by this Mortgage. 'Ilte receiver shall be liable to account
only for those rents actually received.
21. I+titare Advances. Upon request by Borrower, Lender, at Lender s option within twenty yeah from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Aortgage whin evidenced by proirissory iicites stating that said notes arc stcurcd hereby. At zzo time she!! the I+rinc~f+al
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... • • • • • • • • • • • • • • - • • • • • • • • • • • '
22. Relesse. Upon payment of all sums secured by this Mortgage, Lender shall relesse this Mortgage without charge !
to Borrower. Borrower shall pay al! coats of recordation. if any.
23. Attorney's Fees. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees. if any,
which may be awarded by an appellate court.
iN WITNESS WHEREOF, Borrower has executed this Mortgage.
i
Signed, sealed and delivered
in the prese~ of! _ '
_ / ~D^ I ~
- . U r! r (Seal)
Bernd H . Ludwig
.i:G??L~ .4.!'~%~~ (Seal)
~ ~ Stephan a Ludwig
c~~ ~
STATE OF FLORIDA . ,/:l ~C~ ~--..COUnty S5:
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared...UERNp .~.U4k1IU. ~.nd .STEPHANIE .IUDNIC~~ . .
• .h~$.~i,fe. • , , . , • . . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that...~~I@y.......executed the same for the ,purpose therein
expressed
t WITNESS my hand and official seal in the county and state aforesaid this.... 3rd `.`~::~,~;':..:day of
Novt~mber 19. 8U _ ~ t~~a6._1..J I ._i
My Commission expires: ~*C.: r .
Iseaq NOgry PuWiC ~ l~
f i:-:-i;;a e ~ •
I tiny Cor.:rr:~ssion =zpirs :March T3, 14~ ~ -
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(Space BeloMr This line Reserved For Lender end Retailer)
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