HomeMy WebLinkAbout1025 prior to 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; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all rea.~onable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's 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 force and effect as if
no acceleration had occurred.
20. Aaslgaateot of Reatr, Appola~tmeat of Recdver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property. provided that Borrower shall. prior to scceleration under paragraph 18 hereof or abandon-
ment of the Property. have the right to collect and retain such rents u 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. All rents collected by the receiver shall be applied fiat to payment of the costs of
management of the Property and rnllection of rents. including. but not limited to, receiver
s tees, premiums on receiver's
bonds and reasonable attorney's foes. and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. FnttuY 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 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 in~btedness secured by this Mortgage, not including sums adv~~~ in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS. l~`1/.H
22. Rdeaae. Upon payment of all sums secured by this Mortgages. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all coats of recordation. if any. '
23. Attorsey'a Fees. As used in thi: 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.
THIS IS A 13ALI.OON ~IORTGAGE AND THE F=NAI. PAl'giTNT OR THE BALANCE DUE
UPn?~ ~1.1'I't it'7'Y I~ !R 27 , 7 2 0.00 , T ();,I•.'TI•IEIt WI'I'II ACCRUED INTEREST, I F
ANY, .1ND AL1. AD~'ANCCIII::NTS 11IADE I3Y Tlt;: R:Uii'i~ A~;EE UNDER THE TERMS OF
Z'II[S 11I~ORTCAL:E.
HARRY S . • BIRD ~ ~OfOM1f
~Gl~
.~Z~t~a~t~~~r~ ..C~l ~'~.....~...ti~ ...........(Seal)
L~l~ , SYLVI F. BIRD -aOf'0'"'a'
STwrs of FtoRm~, ......:'~dx't.~.n ..........................County as:
I hereby certify that on this day, before me, an o>Iicer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared... #~$RX . $~~U..~I1d . SX~•VLA. k:....... .
,B~I;DI, his ,w~~, , , , , , , 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.
G WITNESS my hand and official seal in the county and state aforesaid this ~OZ day of
I
~ ..........Nauetither 19.8.0...
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My Colanission expu+es: ~ .
, : ~ r+ofary Public
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~ ~ ATTORNEYS AT LAW i
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~ r~.~ P. O. BOX 2210 - STUART. FLA. 33494
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