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5. Pay all expenses reasonably incurred by the Hortgagee because of
failure of the Martgagors to comply with the agreements in the note
or this mortgage, includinq reasonable attorneys' fees and appellate
costs and fees. The cost thereof, with interest thereon from the
date of payment at the same annual percentage rate as specified in the
note, shall also be secured by this mortgage. Any breach of the agree-
ments in the note or this mortgage shall cause acceleration of the note
and the entire sum shall become due and owing at the Mortgagee's option.
Any monies advanced by the Mortgagee toward the obligation of the se~ior
mortgage herein shall cause acceleration of the note at the Nortgagee's
option.
FURTHER, If any payment provided for in the note is not paid within thirty
days after it becomes due, or if any agreement in this mortgage other than the agree-
ment to make the payments is breached, the entire unpaid principal balance of that
note shall immediately become due at the option of the Mortgagee , and the Mortqagee
may foreclose this mortgage in the manner provided by law, and have the mortqaged
property sold to satisfy or apply on the indebtedness hereby secured.
Any waiver of the riqht to accelerate upon any one default hereunder, shall
not be construed against the lendor, as a waiver of the right to exercise its accel-
eration eption upon any other default.
The rents and profits or the mortgaged property are also hereby mortgaged,
and if proceedings to foreclose this mortgage shall be instituted, the court having
jurisdiction thereof should appoint a receiver of the mortgaged property, and apply
those rents and profits to the indebtedness hereby secured, regardless of the solvency
of the MortgagorS or the adequacy of the security. .
The t4ortgago~ shall not assign, nor allow any assumption of this mortgage
without prior notice to and approval by the Mortgagee ,
IN 1dITl~ESS 6~'~fEREQF, The said "tortqag:,r~ hereur~tc se~ tn~i~ ha^~~
and sea1S the day and year first above written.
~
~~/Q L.S.
~`rgan L. Parramore
~-- ~a~- l. . s .
Linda Diane Parramore
L.S.
This instrument was prepared by: !-h~s. Diane hi. Guerrero
RETURN TO AND BY
SECUR(lY PACIFIC FlNANCE CORP.
232g So. Cong~ess Ave., Suite 1-C
West Palm Beach, Florida 334~6
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`'x349 PduE 135
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Si'gned, sealed and delivered
in our ~resence_