HomeMy WebLinkAbout0213~ -
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pria to entry ot a judgment entorcing this Mortga~e iF (a~ 8orrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes secu~ing ~uture Advances, ii any, had no acceleralion occur~ed; (W 8o~rower cures
all breaches ot any othe- covenants or agreements ot Borrower contained in lhis Mortgage; (c) 6orrower pays all reasonable
expenses ~ncuned by Lender in enio-cing ihe covenants and agreements ol8orrower contained in this MoNgage and in
enforcing ~ender's remedies as provided in paragraph 18 hereof, including, bul not limited to, reasonable attorneys fees;
and (d) 8orrower takes such actio~ as Lender may reasonably requi-e to assure that the lien oi this Mongage, Lenders in-
te~est in the Properry and Bo~rowers obligation to pay the sums secured by this Mortgage shall contmue unimpaired. Upon
such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and etlect
as it no acceleration had occu-red.
20. Assl~nm~nt of R~nts; Appo.lntm~nt of R~c~tver. As add~tional security hereunder, Borrower hereby ass~gns
to Lender the rents ot the Praperty, provided Mat 6oROwer shatl, p-ior to acceleration under paragraph 18 hereof or abandon-
ment ot the P~ope-ty, have the right to collect and reta~n such rents as they become due and payable.
Upon arceieration under paragraph 18 hereot or abandonmenl ot the Property, Lender shall be entitled to have a
receiver appo~nted by a court to enter upon, lake possession of and manage the Property and to collect the rents ol the
Rroperty, +neiud+ng ihose past due. Att rezts co~~ecte~ Dy the receiver sha!! be a~p::et! tisst ta payment ot the cosis ot
management ot the Property and cotlection ot ~ents, including, but nol limited to, rece~vers fees, premiums on r~e~vers
bonds and reasonable attorneys lees, and then to the sums secured by this Mortgage. The rece~ver shal l be 1lable to account
only for those rents actually received.
21. FuturoAdvancss. UponrequestbyBorrowe~,lender,atlendersopt~onwithintwentyyearsfromthedateotth~s
Mortgage, may make Future Advances to Borrower. Such Future Advances, w~th ~nterest ihereon, shall be secured by this
Mortgage when ev~denced by promissory notes statmg lhat said notes are secured he~eby. At no time sha11 the principal
amount ol the indebtedness secured by this Mortgage, not inc~uding sums advanced in accadance herewith to protect the
security ot this Mortgage, exceed the ong~nal amount o( the Note plus US$ ~--- ¢ t6900. 00 ---
22. Relsase. Upon payment ot atl sums secured byth~s Mortgage. Lender s~all release th~s Mortgagewithout charge
to Borrower. Bonower shall pay all costs ot recordat~on. if any.
23. ~ttome~s Fees. As used in this Mortgage and m the Note. ~~attorneys fees" shall ~nclude atto-neys tees. it any.
wh~ch may be awarded by an appeliate court.
tN WITNESS WHEREOF, Borrower has executed th~s Mo~tgage.
S~gned, sealed and delivered
m the presence ot:
~~~:C.o~l~0.- /~ - ~~il.
~~?~~~ ~ ~~ fSea~-
CHAFLES A. F'ETEkS
0.,~~ 1~,d~~=c.~~ (Seaq
LOIS M. F'E7E 'S
ISeal-
(Sea~-
STATE OF FLORIDA. Caunty ss~ ~yAFiT It~!
I hereby cert~fy that on th~s day. before me. an otf~cer duly author~zed ~n the state aforesa~d and ~n the county
at~resa~d to take acknowledgements, personauy aGpeared
(~HAkLES A. F'ETEFiS Ai~tI~ LOIS M. F'ETEf:S, HIS WIFE
. to me known to be the person(s) descnbed ~n and who executed the
foregoing ~nstrument and ackn~rr~;edged Delore me that Borrower executed the same tor the Furpose there~n
expressed.
WITNESS my hand ar~d off~aal seal m the counry and state aforesaid th~s ~.`I~f day of
F-FHRl1ARY
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