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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; Ibl 6o-rower Cures
all breaches of any other covenants Or agreements of Borrower contained in this Mortgage; (~ Borrower pays all reasonable
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 attorneys lees:
and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lenders in-
terest inthe Properly and Borrowers obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon
such payment and Cure Cn/ Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect
as if no acceleration had occurred.
20. Assignment of Rents; Appointment of Receivetr• As additional security hereunder, Borrower hereby assigns
to Lender the rents 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 as 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 shalt be applied first to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receivers tees, premiums on receivers
bonds and reasonable attorneys fees, and Then to the sums secured by this Mortgage. The receiver shall be liable to account
only for'those rents actually received.
21. Futuro Advsnces. Upon request by Borrower, Lender, at Lenders option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances. wdh interest (hereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount o1 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 "-- f 40000. 00 ---
Z4. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgagewithout charge
to Borrower. Borrower shall pay all costs of recordation, it any.
23. Attorneys Fses. As used in this Mortgage and in the Note. "attorney's fees" shah include attorneys tees. it any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, seated and delivered
in the presence of:
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C..F. S VER STRUCTION Olip'ANY.INC.
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C. F. SHAWVER, PRESIDENT-.=,~ "~'1
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STATE OF FLORIDA, County ss MARTIN
1 hereby certify that on this day. before me. an officer duly authorized ~n the state aforesaid and in the county
aforesaid to take acknowledgements. personally appeared
(:. F. SHAWVER, PRESIDENT
OF C. F. SHAWVER CONSTRUCTION COMPANY, INC.,
A FLORIDA CORPORATION, ON PEHALF OF THE CORPORATION
. to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that Borrower executed the same for the purpose therein
expressed.
WITNESS my hand and otfic~al seal in the county and state atoresa~d this 9TH day of
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(Space Below This Line Reserved for Lender and Recorder)
~~344 ~~2~74
RENEGOTIABLE RATE FFMC (8/SO)
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