HomeMy WebLinkAbout1887' ~-'~ i 3 ~''~~'~
p-idr to eniry of a judgment enlorCmg this Mortgage if: (a) Borrowe- pays Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, il any, had no acceterat~on occurred; (bf 8~rr~wer cu~~s
all breaches ot anyothercovenants oragreements of Borrower contained in this Mortgage:lc) Borrower paysall reasonable
expenses incuned by Lender in enlorci~g the covenants and agreeme~ts ot Borrower contained ~n this Mortgage and in
entorcing Lenders remedies as p~ovided in pa~agraph 18 hereol, including, but not limited to. reasonabte attorneys tees:
anti ja~ Borrower ~akes such act~on as Lender may reasonably require to assure that the lien ot th~s Mortgage. Lenders in-
terest in the Properry and Borrowers obligation to pay the sums secured by this Mortgage shall cont~nue un~mpa~red. Upon
such payment and cure by Bonowe~, this Mortgage and the obligations secured hereby sha11 remain ~n full torce and etfect
as it no accele-ation had occurred.
20. Assl~nmont of R~nts; Appol~tmsnt of Rscelver. As additional secur~ty hereunder. Borrower hereby ass~g~s
to Lender the rents of the Property, provided that Borrower shatl, pr~or to acce!eration under paragraph 18 hereol or abandorr
ment of the Prope~ty, have the ~ight to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereot or abandanment ol the Property, Lender shall tp ent~tled to have a
receiver appo~nted by a court to enter upon, take possession ol and manage the Property and to collect the rents ot the
Property, including those past due. All rents collected by the receiver shall be applied f~rst to payment of Ihe costs ot
management ot the Properry and collection of rents, including, but not I~mited to, receivers fees, prem~ums on rece~vets
bonds and reasonable attorneys fees, and then to the sums secured by this Mortgage. The rece~ver sha11 be I~able to account
only tor those rents actually rece~ved.
21. Futu~sAdvances. Upon request by Borrower, Lender, at Lenders opt~on w~th~n twenty years trom the date ot th~s
Mortgage, may make Future Advances to 8orrower. Such Future Advances, with ~nterest thereon, shall be secured by th~s
Mortgage when evidenced by promissory notes stat~ng that said notes are secured hereby. At no time shall the prmcspal
amount of the ~ndebtedness secured by th~s Mortgage. not ~nclud~ng sums advanced in accordance herewith to protect the
secur~ty of th~s Mortgage, exceed the originat amount of the Note plus USS ~--- 1 t7~0 . 00 ---
22. Relsass. Upon payment ot all sums secured by this Mortgage. Lender shall release Ih~s Mortgagew~thout charge
to Borrower. Borrower shall pay alt costs ot recordation, it any.
23. Attomsy's Fess. As used in th~s Mortgage and in the Note, "attorneys fees' shall include attorne~Js tees. ~f any,
which may be awarded by an appeilate court
IN WITNESS ~NHEREOF. Borrower has executed this Mortgage
S~gned, sealed and detivered
m the presence of:
Q. .
/-7
izi ~_~7 ~~~~,~~f;1 _,
~ERT M. YOU~lG
~,u ~.~- 7~. ~
Af:ACEL I N . YO
Seal1
STATE OF FLORIDA. ' County ss MARTIi~
I hereby certify that on th~s day. before me. an off~ce~ duly authonzed on the state aforesa~d and ~n the county
atoresa~d to take acknowiedgements. personally appeared
F:ObEFT M_ YOUhG ANI1 AkACELI N. YOUTlG, HIS WIFE
. to me known to be the person~sl descr~bed ~n and who executed the
foregomg ~nstrument and acknowledged beforg me that Borrower executed the same tor the purpose there~n
expressed.
MAkCH
WITNFSS my hand and oft~c~al seal ~n the county anci state aforesa~d th~s
s~_...:c:,: ~,:
My .C~O .~ru5~cion~~ifes:
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