HomeMy WebLinkAbout1940. ~ i . i , ~, ~.~
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pna to enlry ol a judgment enlorcing th~s Mo-tgage il: (~ 8orrower pays Lender a11 sums which would be then due under
Ihis Matgage, the Note and ~otes aecuring Future Advances, it any, had no accele-ation occurted; (a Bona~rer cures
all breaches of any other covenants a agreements ol Borrowe- Conteined in this Mo-tgage; l~ Bo--ower pays all reasonable
expenses incurted by Lende- in enforcing the covenanis and agreements of Borrower contained in thia Mortgage and in
enfaCing lenders remediea as provided in paragrap~ 18 hereot, including, but not limited to, ~essonable attorne~/s (ees;
and (cn Barower takea such action as lender may reasonably require b assure that the lien ot this Mo-tgage, Lenders in-.
terest in the Property and 6arowers obligation to pay the sums secu~ed bythis Mongage shatl continue unimpaired. Upon
such payment and Cure by Borrower, this Morlgage and the obligetions secured hereby shall ~emain in full to~ce and effect
as it no ecceleration had occurred.
~0. Asti~nmMt of R~Ms; AppotMm~nt Of R~cslvsr. As additional security hereunder, Borrower hereby assigns
to Lender th~ rents of the Property, provided thai Borrower shall, prio- to accelerat+on under pa~agraph 18 hereof or abandon-
men! ot the P~operry, have ihe right to coltect and retain Such rents as they become due and payable.
Upon acceleration unde~ paragraph 18 hereof or abandonment ot Ihe Property, Lender shall be entitled to have a
rece~ver appointed by a cou-t to ente~ upon, take possession ot and manage the Property and to collect the rents ot the
Property, including those past due. AII rents collected by the receiver shall be applied lirst to payment ot the costs ot
management of the Properry and collection ot ~ents, including, but nat limited to, receivers (ees, premiums on ~eceivers
bonds and reaso~able altomeys lees, and then to the sums secured by this Mortgage. The receiver shall be liable to accourtt
only lor those rents actualty received. ~
21. Futuh Advanc~s. Upon request by Bo~rower, Lender, at Lenders opt~on w~thi~ twenty years irom the date of this
Mongage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating Ihat said notes are secured hereby. At no time shall the principal
amount ot the indebtedness secu-ed bylhis Mohgage, not ~ncluding sums advanced in accorda~ce herewilh lo protect the
securiry of this Mohgage, exceed the original amount of the Note plus USS '-- s ?~500. 00 ---
22. Ii~INS~. Upon payment of aIl sums secured by this Mortgage. Lender shall release this Mortgage without charge
to BoROwer. Borrower shalt pay all costs of recordation, it any.
23. Attom~Ys Fs~s. As used in this MoAgage and ~n the Note. "attorney's fees" shall lnclude attomeys tees, if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, sealed and delivered
m the presence of:
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GLENN G. AkTCRS
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DOROTHY,.-~(. _ ARTERS - ~
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STATE OF FLORIDA. County ss: ~'iART I N
I hereby cert~fy that on th~s day, before me, an ofi~cer duly authorized ~n the state aforesa~d and ~n the county
atoresaid to take acknowledgements, personally appeared
GLENN G. ARTEkS AML I~OkOTHY l.. AkTE~lS. HJS WIFE
. to me known to be the person~s) desCnbed ~n and who executed the
toregoing instrument and acknowleclged betore me that Borrower executed the same for the purpose there~n
expressed.
WITNESS my hand and ofhc~al seai m the county and state aforesa~d th~~ 28TH day oi
JAMUARY
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Nota u c
!Space Below Th~S L~ne Reserved for Lender and Recorde~)
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~ RENEGOTIABLE RATE FFMC (6/80~
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ao~K34? P~UE1934
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