HomeMy WebLinkAbout0219' l~j s , ~ ,~
pria to entry ot a ~udgment entorcing this Mortgage it (~ Borrower pays Le~der all sums which wouid be then due under
ihi3 M~tyaye, tiie N~le arxi ~iulds sei:win~ Futur~ AJva~~:es, ii ~ny, hdti n0 aCCBti~ratiun OCCUrrBd; (bj BoR8vrt3r Cur~b
alt breeChes ol anyother Covenanis or agreements of Bo~rower Contained in this Mortgage; (C) 8orrowe~ pays a!I reasonable
expenses incurred by lender in enlorcing the covenanis and agreements ol8orrowrer conta~ned in this Morlgage and in
enforcing Lenders ~emedies as provided in paragraph 18 hereof, including, but not limited to, reasonable atlorneys lees;
and (d) Borrower takes such action as Lender may reasonably ~equire to assure that the lien of this Mortgage. Lende~s in-
terest in the P-ope~ty and Borrowers obligation to pey the sums secured by this Mortgage shall continue unimpaired. Upon
such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in tull force and etfect
as it no acceleration had occurred.
ZO. Asst~nm~~t of R~nts; Appolntm~nt of R~c~lver. As add~tiona~ security hereunder, Borrower hereby ass~gns
to Lender the ~ents of the Property, provided ihai Bo-rower shall, p-ior fo acceteration under paragraph 18 hereot or abandor~
ment o1 the Property, have the right to collect and ~etain such rents as they become due and payable.
Upon acceleration under parag~aph 18 hereof or abandonment ot the Property. Lender shall be ent~tled to have a
rece~ver appo~nted by a court to enter upon, take possess~on ot and manage the Property and to coilect the rents ot the
Prope~ty, including those past due. All rents collected by the rece~ver shall be appl~ed lirst to payment of the costs ot
management ot the Property and cotlechon ot renls, including, but not I~m~ted to, receivers fees, premiums on -ece~vers
bonds and reasonable attorneys lees and then to the sums secured by th~s Mortgage. The rece~ver shall be Ifable to account
only for those rents actually rece~ved.
21. Futuro Adva~ces. Upon request by Borrower, Lender, at Lenders option with~n twenty years from the date of th~s
Mortgage. may make Future Advances to Borrower. Such Future Advances, w~th interesl thereon, shall be secured by th~s
Morigage when evidenced by promissory notes stating that said noles are secured hereby. At no t~me shall the pnnc~pal
amount of the indebtedness secured by this Mortgage, not inctudmg sums advanced in accordance herew~th to protect the
security of thas Mortgage, exceed the original amount ol the Note plus USS ~-" ; ~0700. 00 ---
22. Rsless~. Upon payment ot all sums secured by th~s Mortgage, Lender shall release th~s Mortgage w~thout charge
to Berrower. Borrower shall pay all costs of recordation. if ariy.
23. Attorney's Feus. As used in th~s Mortgage and ~n the Note,'~altorney s lees" shal! include aitorneys tees. it any.
wh~ch may be awarded by an appellate court. '
IN WITNESS WHEREOF, Borrower has executed th~s Mor±gage.
Signed, sealed and delivered
m the presence of:
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~~. ISeal~
L T. TUkSCAK
w 'h'~~' / (Seaq
GERALDI~lE A. UkSCAK
ISeal)
~Seaq
STATE OF FIORIDA. County ss MAkTIA)
1 hereby certify that on th~s day. before me. an ott~cer duly author~zed ~n the state aforesa~d and ~n the county
aforesa~d to take acknowledgements. personally appeared
F'AUL T. TURSCAK ANU GERALGI~lE A. TUkSCAK. HIS WIFE
. to me known to be the person~s) descnbed ~n and who executed the
foregoing ~nstrument and acknowle~lged belore me that Borrower executed the same lor the purpose there~n
expressed.
WITNESS my hand and otf~c~al seal m the county and state aforesaid th~s 18TH day of
FEbkUAfiY . ~g 81
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ISpace Beiow Th~s L~~e Reserved to~ Lende- and Recorderl
4 RENEGOTIABLE RATE FFMC (6/80)
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