HomeMy WebLinkAbout0269 prior to entry ul a lodgment enlorcuig thn Mortgage i! : t a 1 Burrower pays l.cndcr all sums which would he then due under
this Mortgage, the Note and notes ucuring Fuwre Advance., if any, had no accelerauon ~xxcurred: th) Borrower curet
all hrcaches of any other covenants or agreements of Borrower contained in this Mortgage; t c 1 Borrower pays all reasonable
espemes incurred by tender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing lender's remcdi~-s as provided in paragraph 1!i hereof, including, but not limited to. reasonahle attorney's fees; and
td) Burrower takes wch 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 ohGgatiom secured hereM• shall remain in full force and effect as if
no accelerauun had occurred.
20. Assignment of Rents: Appointment of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property, provided that Burrower shall, prior to acceleration under paragraph IK hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
V pun acceleration under paragraph I K hereof or abandonment of the Properly, lender shat! he 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 he applied fiat to payment of the costs of
management of the Property and collection of rents, including, but nut limited to, receiver i fees, premiums on receiver's
hands and reasonable attorney's fees, and then to the sums secured by this Mortgage. 7?te receiver shall be liable to account `
only for those rents actually received.
21. Future Advances. 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 he 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 n( the Note plus USS 15,000,00 . . . . . . . . . . . . . .
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorneys 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.
Is. WITi`tESS WttEREUF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
. , ~ ..4~L~'.. ! ~ 4.. (Seal)
Le ' s B . D~i s, ~J/r/ -°oro""`
Gretchen V. Davis ~O"O1Mef
STATE OF FLORIDA, ~ ......................000nIy ss:
1 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. I.SWIS. DAQIS:. JR.. airtd .GRE'1'CI•)EN ~..DAVIS,
his.wife 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.
WITNESS my hand and official seal in the county and state aforesaid this...:.. ..............day of
~Y...... , 19.80. •
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l p O ~T1 ~t, Slit! Of f~Ofldi al Lirtl!
. "ir ~ • . Expires 1u.y iJ, 1Y32
_?f• ~I ANN fw i 6~swlrr Cwv~t.
(Space Below This Line Resenad Fw Lender and Recorded ,
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