HomeMy WebLinkAbout2827prior to eatry of a judpnent e~forcing tha Mortgage if: (a) Borrower pari i.ender all sums which would be tbea due under
this MoNgaae. the Note aed notes securins Future Advaoca. if any. had no aoceleration occurred; (b) Borrowe~ cura
all breacha ot any othet covenanb or agreements o[ Borrowe~ cantained in this Mort~aQe; (e) Bor~ower pays all reawnable
expensa iocurred by I.ender ia eatorcing the covena~ts and a~reements of Borro~ver contained in this Mort~se and Ia
enforciaa Lende~'s nmedies u pmvided in paragraph I S hereof, including. but not limited to. reasonabk attomey's tea; and
(d) Bonower takes such action ss Lende~ may rcasonably rcquirc to usurc that the lien of this Mortpae. l.ender's interat
in the Property aad Bormwe~'s obli~ation to pay the sums securod by this Mortgage ~all oontinue unimpaired. Upon such
payment a~d cure by Borrower. this Mongage aad the obligations secured hercby shall remain in tull fora aad d[ect as if
0o accekratan had occurred.
20. Asdp^~e~t ot ReN~ AppoiNmest ot Recelver. As additional security hereunder. Bon~ower hereby usi~ns to
[.ender tt~e rents of the Property, provided that Borr~wer shall. prior to acceleratioo under puagraph 18 hereof or absndon-
ment of the Pmperty, have the right to collect and retain such ronts as ihey become due and payabk.
Upon acoeleration under paragraph 18 hereof or abando~m~ot of the Pmperty, Lender shall be entitled to have a
roceiver appoi~ted by a oourt to enter upon. take poasession of and manage the Property and to collect the rents of the
Property. includina those put due. All rents collcetod by the roceiver shall be applied first to payment of the coats of
management of the Property and collectia~ of rcnts, including, but not limited to, roceiver's fas. premiums on reaiver a
bonds aad reasonabk attorney's fas. and then to the sums socural by this Mongage. Tt~e reaive~ shall be liable W aooount
only for those rents actually receivod.
21. R~hre AdraK~er. Upon request by Borrower, l.ender. at I.ender's op[ion withio tv-~e~ty years from the date of t:~is
Mongage. may make Future Adva~oes to Borrower. Such Future Advances. with iaterest theroon. shalt be socured by this
Mort~age when evideocod by prornissory nota stating that said notes are socurod hereby. At no time shall the priacipal
amouat of the indebtedness securod by this Mottgage. not including sums advanoed in aooordanoe t~enwith to protect the
security of this Mortgage. exc~oed the original amount o[ the Nete~plus~39~ . . . . . . . . . . . .. . . .. .. .. .. .. . . ..
Z2. Rcka~ Upc~a paymeot of all wms socured by this Mortgage. L.ender shall r~elease this Mortgage witl~out chuge
to Borrower. Borrower sl~all pay aU costs of roooniation, if any.
23. Attorsep's Rees. As used in this Mortgage end in the Note. "attorney's foa" shall include attorney's foa. if aoy.
which may be awarded by an appc~:a:e c.',:;.~.
TN Wt7*IESS WIHHREOF, 8orrow~r has cxecuted this Mortgage.
$IgtlCd, SC~Cd 811d dC~IVCI~
in tbe Dresence of:
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.~!L~~ ,~~.. . .~ ~~:i.e-~ . . . . . . . . . . .(Seal)
William D. Parslow -aon+ow.-
. - . S-Si . : \ T ~" ' ~f :~~.-~.~. ~. J . Seal
. [ :~ u~ . . . 44 . . ( )
J . Parslaw ~«~ow.r
,~
STATE OF FLORlDA, . . . . . . . . .St.. I.LLClE . . . . . . . . . . . . . . . . . . . . .COll~ty ti:
1 hereby certify that on ttus day, before me, an officer duly authorued in the state aforesaid and in the oounty
aforesaid to take acknowledgements, personalty appeared. .. Wllla.am A..ParS1A~w.aud. JL~an.F.. ... .. .. .
..... Pazslow,. his wife . ............ to me known to be the person(s) dacribed in and w6o exocutod the
foregoing instrument and acknowledged befom me that. ..they.. .....executed the samc for tbe purpose therein
expressed.
W~'rr~tESS my hand and official seal in the county and state aforesaid this. . . . . . . . . . ?3xd. . . . . . . . .day of
. . . . . Fe~uary . . . . . . . . . . . . . . . . . . . 19 . 81. . .
bIy Commission eaptres:
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(Spate BNow This Lin~ R~a~rv~d For LtrW~r and RKOtOeq
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