HomeMy WebLinkAbout2115prio~ to ent~y af a ~udgmcnt cntorcing th~s Mongagc ~t : ~ a 1 Barruwe~ ~~~s l enJet alt sums which would he then due under
this M~~rtgagc, ~he Na~e and ~u~rs ~ecuring Future AJvanrr., if any, had n~~ aerelcratiun ~curred; Ih- 8orrower cura
all hreaches of any other covenants o~ agreemrnts ol Borruwrr cunta~ned in this M~~nKage; fc) Borrower pay~ all reasonable
expenses incurred hy Lende~ in enfarcing the coven•rn~c anJ agreeme~lc o( Borrowet cantained io this Mortgage and in
enforring t.cndcr's remedics as ~xoveJed in pa~agraph IK hrrruf, ~ncluJing, hW not I~mitcd to, rca~onable auorney's tees; and
IJ) Borrower takes such action as I.enJer may~ reawnably rcyuire to assare that the lic~ of Ihi~ Mortgage, l.ender i intetest
in the Pmpert~~ and Borrow•er's ~~blig~tion ta pay the sums .ecured hy this Alohgage ~hall rnntinue unimpaircd. Upon such
paymrn~ anJ cure by Borrawer, ~his Mortgagr and Ihe obligalionc secured hereby shall ~emain in full torce and etfect as i(
no acrclrratiun had occurrrJ.
20. AssiRmmenl ot Rents; AppoinlmeM ot Recej~er. A. additiunal ~~ecurit~• hemunJer, Borrower hereby ~~,ignc to
l.rnder the rents of the Propert)•, pro~~ideJ that Bormwer ~hall, prior Io acceleration under paragraph 18 hereof or abandon-
mr~t .~f the Properry, have the right ~o cullect and « tain auch rcnts as they bec~~me due anJ payable.
U{~c~n acceleration under paragraph IR hcreot ~~r ahantianment uf ~hc Pr.,~ny, LenJcr shall be c~titled to have a
rcceiver appc~imed hy a court to enter u{x~n, take Ex~.~u~~ion ot and manage the Property and ta collect the rents of the
Prrperl)•, including ~hose past Ju~. All remc coUccled hv Ihc receivrr ~hall he applieJ fint ta payment of the cost~ of
m:enagem~nt of the Propert) and collcction u( rent~, ~ncluJing, bul nut hmiteJ ~o, recei~•er'~ fee., premwm~ on receiver's
h.mJs and rrasonahle attorney's (cti~, anJ then ti~ thr iumti ~ecurrtl by thi~ Mc~rtgage. The rccciver ~hall be liable to account
unly t.u ~hose rents actually received.
21. Fuwre Ad~•ances. UEx~n rcyuect b~ Bc~rruwrr, I.ender, at Lendcr'~ opti~•n within ~wenty years trom the date of this
~tortgage, may makr F=wure Advancrc lo Bormw.r. tiurh Fu~urc Advancr~, w~th intere~t thereon, ~hall F+e secured by this
~fur~gage when evidenceel by promissor~• notes stating that ~aid n~~te. arc ~ecured hereb~•. At rn~ tm~e shall the principal
anu~unt of the indebteJness secured by this I~t~~rlgage, not inrluding ~umti ad~~anced ~n accordancr herewi~h to protect the
~rcurity ot this Aiortgage, r~cccd thc o~iginal am~unl of the ivotc plus l'SS 35 ~ ~0~ . ~~ -
22. Release. Upon payment uf all sum~ cr.cured b}~ this Mortgage, l.ender shall relca~e this Mortgage without charge
to Borruwcr. Borrow~er shall pay all ru~ts of recordaliun, et .~n~.
23. Atforne~'s Mees. As uud in tha Mangagr and m thc tiute. "attorncy'ti (cci' shall mcludc attorne~•'s fees, if any,
which ma}~ tx aw~ar~cd b~• an appcllatr court_ -
IN WITNESS WHEREOF, Borrowrr has cxrrutcd this Mortgagc.
SigncJ, scalcd and dclivcred
in thc vr~scncc of:
SOUTH DEVELOPMEhT & OC., INC~~~~~
- ~,~~b~`;~+;;••:,•
: ,,
6 ~ ' `!~d~l6rr a~, •, / . ~'. .
JAM~ M. T Oi~;AS .1~'` ° _ ~~~•.. ;t~ _
i~ t~' 't; ~ r.
AT EST. Q60 ~~~~~.- i ..:, ~
LO I S M. THOh~AS .';~ ~6-~ewe. ~`~ ,~"~
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(Sea!)
-8o.-ow~.
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-8wrowe-
~~CB~~
-eorrower
~TATE OF FLORIDA, ST. LUC 1 E
I hereby certifp that on this day, brfore m~, an ofliccr dul~
aforrsaid to takc acknowledgrmcnt~, prrsonally appcarrd
JAMES t4. THOMAS AtvD L01 S H. THOMAS
OF SOUTHERN DEVELOPiaEPlT & ASSOC.,
County ss:
authori-tc~± in thc statc aforesaid and in thc count~~
INC., A FLORIDA CORPORATIO~!
, w me known to tx~ the prrson( s) described in and who executed the
foregoing instrumrnt and acknowlydgrd beforc me that THEY executed thr same for the purpose therein
expressed.
WITNess my hand and offlcial sral in the count~~ and statr aforesaid this 22N~ day of
,.-.DECEMBER , 19 80 ~
~ ~ .. .. 1
.•~t"
' ~C~¢jqm~aiott exp~res: Q ~ /
c, 7 • ;~,,` ~ ~
•~! O~~I~ i _ ~t-„ c• .~~ n~ Fln.ida st l~rge NOtiry Publit
~~ , _ ~.~t~.:,, .. 1~31
. ~ . f ~~ 40~ . . ~ ' - ' ~iC.r.. ~8.
~riy Ciui~ui.i~.,~~~~~ Ct.N,~~~
o~ L$ L_ l G L~l'
~F~O:.i4~ ~~~
(Spsce Below Tnis Line Reserved ~or ~ender and Recordet)
Abst~act & Tit~e (:orp, of f-Iorida
Fl.OR1~A DOCUMENTARY STAMPS AFFIXEO TO ORIGINAL NOTE AND CANCELLED
~- 8o~~'~c~~~ PaGE~~~4 . ~~,
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