HomeMy WebLinkAbout1562 prior to entry of a judgment enforcing this Mongage+if : 1 a) Borrower pays Lender all setms which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; (h) Borrower eurcs ,
all breaches of any other covenants or agreements of Borruwer contained in this Mongage: (c) Borrower pays all reasonable
expenies 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 herruf, including, but not limited to, reaa~nable 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 aeceeration had occurred.
20. AstJtnmeat of Rents; Appointment of Receiver. As additional security hereunder. Harrower hereby assigns to
Lender the rents of fire 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 herrof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a rnuri to enter upon. take possessiah 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 first 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 rcasonabk attorney's fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account ~
only for those rents actually raxived.
21. Fohtre 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 therm, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At nn time shall the principal
amount of the indebtedness secured by this bfongage. not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS • • • • • • • • • • • • • . • • • •
22. Release. Upon payment of all stuns 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 fees" shall include attorney's foes, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage..
Signed, sealed and;delivered
in the presen of-~
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_ _ - ~ - - - - ~r ~ (seal)
f~
~ ~ rants K. Fessel -eortoW"'
~ ~ - - • - .:q: ~°.~'S (Seal)
Sharon M. Fessel -80~^°~
STATE OF FLORIDA, St-..I.UC~6 ..........................County ss:
I hereby certify that on this day, before rne, an officer dal authorized in the state aforesaid and in the county
aforesaidtplake a nowledgements, personally appeared..D~NNIS.K.F~~~EI,.a4d.~NARQN.M,.FES~EL,...
. 111S .Wl~e. , , , , , to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that tileY...... executed the same for the purpose therein
expressed.
W TNESS my hand and of5cial seal in the county and state aforesaid this.... ~4t ..............day of
~ovember 19.. .
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