HomeMy WebLinkAbout0961 ~ 1 •~`~3,~ G• t 1~~~~
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pria to entry of a judgment enforcing thfs Mortgage iF. (a~ Bonower pays Lende~ all sums which would be then due under
this Mongage, the Note and notes securing Future Advances, it any, had no acceleration occurred; (b) Borrower cures
all breaches of any olher covenants or agreements of @orrower contained in this Mortgage; (c) Banowe? pays all ~easonable
expenses incurred by le~der tn enlorCing the covenants and agreements of 6orrower contamed in this Mortgage and in
enlorcing Lendets remedies as p~ovided in parag~aph 18 hereof, inctuding, but not limited to, reasonable attorneys lees;
and (d) Bor~ower takes such action as Lender may reasonably ?equire to assu~e that the tien ol this Mortgage, Lenders in-
terest in ihe Prope?lyand Borrpwers obllgation to pay the sums secured by this Mortgage shail continue unimpalred. Upon
such paymenl and cure by Borrower, lhis Mortgage and the obligations secured hereby shall remain in tull torce and ettect
as if no acceleration had OcCUrred.
20. Assl~~m~nt of R~~ts; Appolntm~nt oi R~cNv~r. As additional security hereunder, Borrower hereby assigns
to Lender 1he rents of the P~operty, prov~ded that Borrower shall, prior lo acceleration under paragraph 18 he~eof or abandon-
ment of tne Property, have the ~ighl to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 he?eof or abandonment ol the Property. Lender shall be ent~tled to have a
rece~ver appo~nted by a court to enter upon, take possess~on ol a~d manage the Pioperty and to collect the rents ol the
Property, ~~cludmg those past due. All rents collected by the rece~ver shall be applied f~~st to payment ot the costs of
management ot the Property and collection ot rents. including, but not Ifm~ted to, receiver's fees, prem~ums on rece~vers
bonds and reasonable attomeys tees. and then to lhe sums secured by th~s Mortgage. The rece~ver shall be liable to accounl
oniy Iw those ~e~ts aclually rece~ved. •
21. Futuro Advance~. Upon request by Borrower, ~ender, at Lender s opt~on withm twenty years from the date ot th~s
Mortgage. may make Future Advances to Borrower. Such Future Advances. w~th mterest thereon, shall be secured by th~s
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shail ihe pnnc~pal
amount of the indebtedness secured by this Mortgage, not inctuding sums advanced ~n accordance herewith to pratect the
security ot this Mortgage, exceed the original amount ot the Note plus USS 40000 . 00
22. Relsase. Upon payment ot all sums secured by this Mortgage. Lender shall release this Mortgage w~thout charge
to Borrower. Borrower shall pay all costs ol recordation, it any.
23. Attomsy's Fsss. As used in this Mortgage and m the Note. "attorney's fees" shali mc~ude attorneys fees. it any.
wh~ch may be awarded by an appellate court
IN WITNESS WHEREOF. Borrower has executed Ih~s Mortgage.
S~gned..sealed and dei~ve?ed ~
~n the presence of:
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~5~=~'(dJ / r' .~'.,s~- .f ~r ' ISeal?
~ LLOY F:. SNOW ~
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i STATE OF FLORIDA. County ss MART I N
f 1 hereby cert6fy that on th~s day. before me. an off~cer duly authonzed ~n the s?ate abresa~d 3nd ~n the county
aforesa~d to take acknowledgements. personally appeared
( LLOYD Fi. STlOb) AAlD MiARY C_ SAl01~1, HIS WIFE
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to me known ;o be ihe per5on±5~ desc~~hec~ ~n and who executed the
toregomg mstcument and acknowiedged before me tha[ Borrower executed the same for the purpose the;e:n
expressed. ~
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~ WITNESS my hand and off~c~ai seai m the county and state atoresa~~ th~s t~~~ day of
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iSpace Be?ow Th~s Lme Reserved tor Lender and Recotde~~
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