HomeMy WebLinkAbout2939prior to enlry of a judgmcnl entorcing ~his Martgage it: la) Bo~rowe~ pa~~s l.ende~ all sums wh~ch would be ~he~ due under
this Martgage, the Notc and nota securing Future AJvances, it any, had ~o acceleration occurred; Ib- Borrower cures
all breaches ot any other covenants or agrcements at Borrower contai~ed io this Mongage; (c) Borrowe~ pays all reasonable
expenses incurrcd by Le~dtr in enforcing the co~enants and ag~eements ot Borrower contained in this Ma~lgage and in
enfarcing l.e~der's remedies as provicled in paragraph 1 A herec~f, including, but not limited to, rcasc~nable attorney's [tes: a~d
fd) Borrower takes such action as Lender may reasonahly rcyuire to assure thal the lien ot this Mortgage, Lender's interat
in the Propehy and Borrowe~'s obligatio~ to pay ~he sums secured by ~his Mortgage shall continue unimpaired. Upon such
payment and cure by Borrowe~. this Mortgage and Ihe abligatians secured heroby shall remain in full force and effecl as if
no acceleration had occurred.
20. As,sf~nmeaf of Rents; AppoiMment of Rece1~•er. As additional ucurity hereunJer, Borrower he~eby assigns to
l.ender !he rents of the Property, provided tha~ Bar~owe~ shall, prior to acceleration under paragraph 1 R hercof or abandun-
mrnt of the Property, have the right to collect and retain such rents as they be~:ome due and payable.
Upon acceleration under paragraph 18 hereo( ar ahandonment ot the Propcriy, l_endcr shall bc entitled to have a
receiver appointed by a court to enter upon, ~ake pcxsessi~~n of and manage the ProE+erty and to collect the rents of the
Prcperty, including those past Jue. All ren~s collec~ed hy ~he receiver shall he applied 6nt t~ payment ot the costs of
manageme~t of the Property and collec~ion of rent~, including, hut not limi~ed ~o, receiver's fees, premiums on receiver's
ha~ds and reasonable attorney's tees, a~d then to the sums ~ecured by this Mor~gage. The receiver shall t~e liable to account
onfy tor those rents actually received.
23. Futurc Advanc~s. U~ii ica~ii2St t1y I;~~fi~~N~f, i.~ud~r, at t.enJCr'~ upiiun within ~w~rniy years irom ihe date of this
Mortgage, may make Future Advances to Borrawer. Such Future AJvances, with interes~ thereo~, shall he secured by ihis
~tortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount o( the indebtedness secured by this Morlgage, not including aums advanccd' ~n accordance herewith to protec~ the
security of this Mortgage, exceed ~hc origi~al amount of the Note plus USS I6 ~ 00~ . ~0
22. Rcleate, Upon payment of all sums secured by this Mongage, 1_ender shall release this Mortgage without charge
Io Borrower. Borrower shall pay all costs of recordation, it any.
23. Attorney's Fees. As uscd in this Mortgagc and in thc N.~te. "attorncy's fces" shall include attorney's tees, if any,
which may be awarded by an appellate coun. ,
IN WITNESS WHEREOF, Borrowcr has cxrcutcd this Mortgagc.
(Spxe Be1ow Tnis Li~e Reserved Fw Lender snd Recotder)
FLORIDA OOCUMENTARY STAMPS AFFIXED TO ORIGINAL NOTE AND CANCELLED
g `~~c350 e~cE2~~3~
Signed, sealed and deliverec~
in thr Drescnce of:
~
~L Cl~s~t3t.[1`>'L..
STATF OF j~Q ~~(
harld and ofticial scal in thc county and statc aforesaid this
(Seal)
~«-owe.
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3w-ower
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-8onow~r
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1 hereby certify that on this day, tx(ore mc, an oflicer duly authorized in the state aforesaid and in the county
aforesaid to takc acknowledgcmrnts, pcnonally appeared
ALBERT COLAN~ELO AND HELEN COLANGELO, HIS WIFE
, w me known to tx: the person(s) described in and who executed the
foregoing instrument ~~d acknowledged beforr me that THEY ~xecuted the same for the purpose therein
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~19 ai
~~Z~ County ss:
/ ~ day of
ry P~~2rr Pu~i ,;. St~t: rf New Yolic
' No. 60-5~-t t ~ ~~
Quali/ted in W.~tcar-;F~ ~,unty~
~imwlssioa Etplces March 30. 19...~
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