HomeMy WebLinkAbout2268prior to emr} .-! a ~udgmcnt cnfur4ing this Mortgage il: ~a! Borrower pays I.cnder all sums which would tic then due under
this Mortgage, the Note and notes securing Future Advances, it any, had nu accrterauun cx:currctl: tbl Borrower curet
all hreach~~ of any Mher covenants or agreements al Borrower contained in this Mortgage: Ic) Borrower pays all reasonable
expenus incurrc~.l by Lender in enforcing the cewenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph Ix hereof, including, but not limited to, reau~nable attorney's fees: and
Id) Borrower takes such action as Lender may reau-nably rcyuire to assure That the lien of this Mortgage, Lendeis interest
in the Property and Borrower's obligation to pay the sums secured h)• this Mortgage shall rnntinue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as i(
nu accelerauun had .recurred.
20. Assignment of Rents; Appointment of Receiver. As additional security hereunder, Borrower hereby ascignc to
tender the rents of the Property: provided that Borrower shall, prior te. acceleration under paragraph IR 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 Properly, Lender shall be entitled to have a
receiver appointed h)• a coup to enter upon, take possession at 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 first to payment of the costs of
management of the Property and collection of rents, including, but not limited to, rtceiver's tees, premiums on receiver's
bonds and reasonable attorney's tees, and then to the sums secured b)• this Mortgage. "Ilte receiver shall be liable to account
only for those rents actually received.
21. Future Advances. Upon rcyuest b)• Borrower, Lender, at (.endcr's option within twenty years from the date of this
:Mortgage, m:t)• make Future Advances to Borrower. Such Future Advances, with interest thereon, shall he secured by this
1lfortgage when evidenced by promissory notes stating that said notes arc secured hereb)•. At no time shall the principal
amount of the indebtedness secured b)• this Mortgage, not including sums advanced in accordance herewith to protect the
security M this Mortgage, exceed the original amount of the Note plus UsS.40.3QQ.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 an)~.
23. Attorney's Fees. As used in This Mortgage and in the Nate. "attorney's fees" shall include attorney's fees, if any,
which may be awarded by an appellate coup.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivere~~d~~''''~~
~ ,
in fbe~e~ I `.J~~~/~•
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......:...,`.. ........................(Seal)
Tilfo>rd ross -e°r`°w~r
... , :............. ~ .. (seal)
~lto ~ C. Schule~ -eo.row~.
NEW Yom' SUFFOLK
STATE OF~81tiB1F ........................................000nIy 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.. ...-:.... ... ..RONA~.D C. ,$~HjT~.,.. , , , ,
alartiied, person . .. . . . . . . . ... . . to me known to be the person(s) described in and who executed flit
foregoing instrument and acknowledged before me that.... he........cxecuted the same for the purpose therein
expressed. __'' LL
• - •WITNF.~S~myf• hand and official seal i19the county and state aforesaid this........ ~~M........day of
~'n1ps~c • ~ 8U " .
My Commission expires: ~/~
t$e!t) NoRary puDlit
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le0;.,'.
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C.. .,~
Comte..,,.., ~,,, .__ •.,.. _,~ _•~, t9~
STATE OF FLORIDA
COUNTY OF MARTIN
(Spate Below This Line Reserved for lender snd Ratorder)
I hereby certify that onthis day, before me, an officer duly
authorized in the state aforesaid and the county aforesaid to take
acknowledgments, personally appeared TILFORD GROSS, a married person,
to me knwon to be the person described in and who executed the foregoing
instrument and acknowledged before me that he executed the same for
the purpose therein expressed.
WITNESS my hand and official seal, this 1st day of December,
1980.
'M:^ ;: ~ ~
~~` '~.•' ' Notary lie, State of F orida
~,•,0 i A, ~~,
My Commission expires : S - t~~l - rs `
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