HomeMy WebLinkAbout0310prior to e~iry of a judgment enforciog this Mottgage if: (a) Bor~ower pays Lender all sums which would be then due un3er
this Mortgage. the Note a~d notes securing Future Advanca. if any, had no acx,ele~ation occurrcd; (b) Borrowe~ curcs
alt breacha of any other covenac-ta or agraments of Borrower conuined in this Mortgage; (c) Borrowe~ pan all reasonabte
exponses iacurred by Leader in enforcins the covena~ts and agrcements ot Bonower contai~ed in this Mort~age a~d in
eaforcing Leader': remedia as provided in pangnph 18 hercof. including. but not limited to, reasonable attomey's fea; and
(d) Horrower taka such action u I,ender may rrasonably requirc to assure that the lien of this Mortpge. Lender's interest
in tAe Pwpeny aad Bortower a obligation to pay the sums secured by this Mortgage shall co~tinue unimPaired. Upon :uch
payment and cun by Borrower~ this Mortgage and the obligations secured hereby shall remain in full force and effxt as if
no acceleration had occutred.
20. A~d~e~t ut Re~tr AppoiMa~eat o[ Receiver. As additional security hercunder, Borrower hereby assigns to
Lende~ the re~ts of the Property. provided that Borrowar shall, prio~ to acceleration under parag~aph 18 hereof or abandon-
ment of the Property, have the right to rnllect and retain such rents ss they become due and payabk.
Upon acceleratio~ under puagnph 18 hereof or abandonment of the Property. i.ender ahall be e~titled to have a
receiver appointed by a court to enter upon. take poasession of and manage the Property and to collcct the rents of the
Property. including thoae put due. All rents collected by the rcoeiver shall be applied first to payment of the costs of
manageme~t of the Pmperty and collection of rents, including, but not limited to. receiver's feas, premiums on roceiver's
~'ui~litL1 atla tii~fli~ili itiOfflCy'a foa. ana the~ to the sums secured by this Mongage. The receiver shali be iiabie to account
only for those rents actuaUy received, ,
21. Futnre Ad~aocer. Upon request by Borruwer. Lender, at Lender's option within twenty years from the date of this
Mortgage. may make Future Advancac to Borrower. Such Future Advances. with interest thereon, shall ~ sccurcd by this
Mortgage when evideaced by promiswry notes stating that said notes are secured hereby. At no time shall the principal
amou~t of the indebtedneu secured by this Mongage. not including sums advance~_ i~Aaccordance herewith to protect the
security of this Mortgage. exceed the origina! amount of the Note plua USt. . . . - N~ . . . . . . . . . . . . . . . . . . . ..
Z2. Rdeara Upoa payment of all sums secured by this Mortgage. Lender shall rclease this Mortgage without chuge
to Borrower. Bonower shall Qay all cvsts of rocordation. if any.
23. Attoraey's Fees. As used in this Mortgage and i~ the Note. "attorney's foes" shall include attorney's fea. if any.
which may be awardod by an appellue rnurt.
IN WITNESS WHEREOF, Borrower has executM this Mortgage.
THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMLNT OR THE BALLOON
Signed, sealed and delivered DUE UPON MATIJRITY IS $56, 040.00, TOGETHER WITH ACCRUED INTEREST,
in the Dresence of: IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE
TERMS OF THIS MORTGAGE.
. .?1.1'?-~~%~y Y ..........
. . . ~ ~Y~~: ~'. . . . . . . . ;~~C/
. . ~ . . . . . . . .! ` . . . . . . . . . . . . . . (Seal)
OSEPH R. SUTTO . -~^'~
. . . . .!~~-d . . .x a-~s . . . . ~'~v . . . . . . . (Seal)
:i. ROSEMARY SU,~ON -~'~'
STATE OF FLORIDA, . . . . . . .I~art~n . . . . . . . . . . . . . . . . . . . . . . . . . .County ss:
I hereby certify that on this day, befon me, an o8'icer duly authoriud in the state aforesaid and in the couaty
aforesaid to take acknowledgements, personally appeared. ..~aseph. R.. .Sutton. and .M. .btosema~y.Suttoo,
~s •~f ~. . . . • . . . . . . . . . . . . . . . . . . . . . .. to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that ...they ....... executed the same for the purpose therein
expressed. ~
WtrxESS my hand and o~cial seal in the county and state aforesaid this. . . . . . . ~.~ . . . . . . . . . . . .day of
. . . ,~rCb . . . . . . . . . . . . . . . . . . . . . . ..19.$1. . ..
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I~ , ~~9~ ie~ ~t STAt~ J1 RClR1UA AT 1/1~ ' ' . . . . . . . . . . . . . . . . . . . .
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(Sp~t~ B~Iow TAis Li~N R~s~rwd For lend~r snd R~corded
51953'~
1981 N!A~ -9 ~,~I II~ 20
~ i~c_~+ ahf ~f COP: ED
ST IUCI CCUYtY.f: a.
RQGf~ P017F~AS
CLERri CIRCUIT C4t~F.I~
pf : L= t'~ ain:0__ ~l_ - --
~^~~ ~~`~ PaGF 314