HomeMy WebLinkAbout2461prior to entry of a judgment e~forcing thia Mortgage i(: (a) Borrower pays Lende~ all sums which would be theo due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceluation occurred; (b) Borrower cura
all breaches ot any other co~ena~ts or agroements of Borrower contained in Ihis Mortga~e; (c) Bor~owe~ pays all rcuonabie
expenus incurred by Lender i~ enforcing the rnvenanu and agreements of Borrower contained in thi: Mongage snd in
enforcing Lender's rcmedies as pmvided in para~raph 18 hueof. i~cluding, but not limitcd to, reasonable attorney'a fea: and
(d) Borrower takes such action as Lender may reasonably rcquirc to aasure that the lien of this Mortgage. l.ende~'s interat
in the Pwperry and Borcower's obligation to pay the sums securcd by this Mortgage shall continue unimpairod. Upon such
payment and cure by Borrower, this Mongage and the obligations securcd hercby shall remain in full [orce and efiect u it
no acceleration had occurnd.
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Lende~ the rents of the PropeRy. provided that Bomower shall, prior to acceleration under paragraph 18 hercof or abandon-
ment of the Property. have the right to collect and retain such rents as they become due and payabk.
Upon acceleration under paragnph 18 heroof or abandonment of the Property, I.ender shall be entitled to have a
receiver appointod by a court to enter upon, take possession of and ma~age the Property and to collect the rents of the
Propeny. including those past due. All rents collected by the rcceiver shall be applied fint to payment of the costs of
management of the Property and collection of rents, including, but not limitcd to. receiver's fea, prcmiums on receiver's
bonds and reasonable attorney's foa, and then to the sums securcd by this Mongage. 71~e receiver shall be liable to account
only for those rents actually received.
21. Fnture Advanca. Upon request by Borrower, Lender, at Lender s option within twenty years from the date of this
Mortgage. may make Futurc Advances to Borrower. Such Future Advances. with interest thereon, shall be socurcd by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mongage. not including sums advanced in accordance herewith to protect the
security of this Mortgage. exceed the original amount of the Note plus USf . . • . • • . N~.A . . . . . . . . . . . . . . . . ..
22. Releaa. Upon payment of all sums secured by thia Mortgage. Lendtr shall rclease this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordatan, it any. '
~, !~~~e~'~ F~. As used in this Mortgaae and in the Note. "attorney's fces" shal) include attorney's fea, if aay.
which may be awarded by an appellate couR.
IN WITNESS WHEREOF. Borrower has eaecuted this Mortgage.
THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALLOON
Signed, sealed and delivered DUE UPON MATURITY IS $46, 500.00, TOGETHER WITH ACCRUED INTEREST,
in the Dtesence of: IF ANY, AND ALL ADVANCEL~NTS MADE BY TNE MORTGAGEE UNDER THE
TERMS OF THIS MORTGAGE.
. . . . . . . ~ : . . . ~ . . . . . . . . . . . . . . . . (Seal)
. LOYD . BROWN . ~pfO1""'
. . . . .. . . . . . . . . ~?-t . . . . . . . . . .~.~. .~-!~ .-~,6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . cs~u)
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STATE OF FLORIDA, . . . . . . . MaF.~~A . . . . . . . . . . . . . . . . . . . . . . . . . .COUlIt)I SS:
I hereby certify that on this day, before me, an off'icer duly authorized in the state aforesaud and in the county
aforesaid to take acknowledgements, personally appeared. . .Lloyd. II.. .Brown. . . . . . • • • • • • • • • • - • - • • • • • • • • •
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. to me known to be the person(s) described in and who eaecuted the
foregoing instrument and acknowledged before me that. . he.. .... .. .eaecuted the same for the purpnse therein
expressed. L
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~ViTN~ss my hand and oflicial seal in th8i unty and state aforesaid this ........................day of
......r~ .........................19.......
M-~°°~expues: ~~~~ j~~~
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