HomeMy WebLinkAbout1642prior to entry of a judgment enforcing this Mortgage ii: 1 a 1 Borrower pay~ l.enJe~ all sums which would t~e thcn due under
~his Mortgage, the Note and nota securing Futurc Advances, if any, had no acceleration occurred; Ib) Borrower cures
all breaches of any other covenants or agrcements of Borrawer rontained in this hlungage: (c) Borrower pays all reasonable
expenses incurred by Lender in e~foreing the covenants and agreements o( Borrower co~tained in this Mortgage and in
enforcing Lende~'s remedies as provided io paragraph 1 R hercof, including, hut not limited to, reasonable attorney's fees; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien o( ~his Mortgage. Lende~'s interat
in the Propeny and Borrower s obligation to pay the sums securcd by this Mortgage shall conlinue unimpaircd. Upon such
payment and curc hy Borrower, this Mongage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Assig~meat of Rentfi Appointmeat of Recei~•er. Ac additional security hercunde~, Borrower hereby assigns to
Lender the rents of the Property, pro~~ided that Borruwer shall, prior ta acceleration under paragraph 18 hercof or abandan-
ment of the Propeny, have the right to coilect and retain such rcnts as they become due and payable.
Upon acceleration under paragraph 1R hereof or abandonment af the Property, l.ender shall be entitled to have a
receiver appointed by a court to tnter upon, take posxssion of and manage the Property and to collect the rents of the
Property, i~cluding those past due. All ren~s collec~ed by the receiver shall be applied first to payment of the costs of
management of the Property and collection of rents, including, hut not limited to, receiver's fees, premiums on receiver's
bonds and rrasonable attorney's fees, and then to the sums secured by this Mortgage. 'i~e receiver shall t-e liable to account
onty [or ~hose rents actually received.
2i. Fufure Advancea. Upon rcquest ey Aarrower, I.ender, at i.ender`s option wi~hin twenty years f~m thc date of this
?lfortgage, may make Future Advances to Borrower. Such Future Advances, wi~h interest lhereon, shall be secured bv this
Mortgage whers evidenced by promissory notes stating Ihat said notrs are ~ecureci herebp. At no time shall the principal
amount of the indebtedness secured by this Mortgage, ~ot including sums aJv c ordance herewith to protect the
security of this Mortgage, exceed the ori1tinal amount of the Note plus USS. ~~~~•~
22. Rdease. Upon payment of all sums tecured by this Mortgage, l.ender shall relcase this Mortgage without charge
to Borrower. Borrower shall pay all costs of record•rtion, it any_
23. Attorney's Fee,. As used in this Mortgagc :~nd in the \ote. "attorney's fees" shall include attorney's fees, if a~y,
which may be awarded hy an appellatc coun.
IN WITNESS WFIEREOF, Borrowcr has cxccutrd this Mortgagc.
Signcd, scaled aod delivered
in the p esence of:
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. ~~ ~/. ~:~:~ . . . . . . . . . . . . . . . . . . ~ ./. . . . . . . . ~.~~. . . .~~. . . . . . .
.~~ L~E~~~ ~ . Seal
- ( )
WII.LIAM G. PATTON -8onowe.
. . ~~ . . . . . . . . . . . .t~ ' . n n ~~
.. .. ... ....................($C3~~
' CAROLYN J PA ON -eo.-owa
STATEOF FLORIDA,._....SC._ Lucie„______________________Countyss:
[ hereby certify that on this da~~, brfore mc, an ofticer duly authorizcd in the state aforesaid and in the count~~
aforesaid to take acknowledg~m~nts, prrsanallp appeared. ..~LLIAM G. .PATTON ,and. CAItOLYN.~E~I ,,.,.
. _ _ . _ , PATTON,~ ,his, wife , , , , , , , , , , , ,, to me known to tx: the p~:rson(s - describ~d in and who executed the
foregoing instrument and acknow~lcdgcd befar~ me that. ..they. ,...,,~zecuteJ th~ sam~ for the purpose therein
expressed.
~W~ictESS my hand and official s~al in the county~ and state aforesaid this. . . . .1?th . . . . . . . . . . . . . . .day of
~ . ~. . . ~rch . . . . . . . . . . . . . . . . . . . I 9 . 81 -
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(Spsce Below This L~ne Resened For Lender and Rewrder)
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