HomeMy WebLinkAbout0686tSt6C r0l~ 'aan~ •~S ~+od
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prior to entry ot a judgment eaforcing this Mongage if: la) Borrower pays l.ender all sums which wauld be then due under
this Mortgage. the Note and ~otes secu~ing Futurc Advances, if any, had no accele~ation occu~rcd; Ih) Borrower cures
all breaches ot any other coveoants o~ agreements of Borrowor comained in this Mortgage: lc) Barrower pays all reasanable
expenses incurrod by [.ender io entorcing the covenants and agreements o( Borrower containecl in this Mongage and in
enforcing I.ender's remedies as provided in paragraph 18 hercof, including, but not limited to, reasanable attomey's fees; and
(d) Borrower takes such action as l.ender may reasonably requirc to assure that the lien of this Martgage. I.ender's interzst
in the Property and Borrower's obligation to pay the sums securcd by this Mongage shall continue unimpaircd. Upon such
payment and cure by Borrower. this Mortgage and the obligations securod hereby shall remain in tull force and efiect as it
no acceleration had occurred.
20. As~ameat ot Reat~ Appaint~eat ot Receiver. As addhiooal security herounde~, Borrower hereby assigns to
Lender the rents of the Property. provided that Borrowcr shall, prior lo acceleration under paragraph 18 hercol or abandon-
ment of the Property. have the right to collect and retain such rcnts as they become due and payable.
Upon acceleration under paragraph 18 hereot or abandonment of the P~operty, Lender shall be entitled to have a
receiver appointed by a court to enter upon. take possession of and manage the Property and to collect the rents of the
Property~ including thoae put due. All rents cullected b) the receiver shall be applied first to papment of the costs of
management of the Property and rnllection of reMs, including, but not limited to, receiver's fees, prcmiums an receiver's
bonds and reasonabk attorney's fees, and then to the sums secured by this Mortgage. Tfie roceiver shall be liable to account
only for those renta actually received.
21. Fature Ad~aaces. Upon request by Borrower, Lender, at Lender s option within twenty years from the date of this
Mongage, may make Future Advances to Borrower. Such Future Advanca, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory nota stating that said notes are secured he~eby. At no time shall ihe principal
amount of the indebtedness socured by this Mortgage, not including sums advanced in accorJanx herewith to protect the
security of this Mortgage. exceed the original amount ot the Note plus USS . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
22. Rda~te. Upon payment ot all sums securcd by this Mortgage, Lender shall rclease this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attoraey's Fea. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has eaecuted this Mortgage.
Signe.i, se and delivered
in the p ce of •
~~ ~~ J
......... ............ ... .. ...........
s~ ~L-
. .-~t.~`~!~: :" ~~': : . . . ~: ~_~. ~. . . . . . . .
. . . . . . . . . . . . . . . (seal)
George S. ~ ntooth ; -e«•~~
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' : ~~ :Y: : f i: . . ~!/. //. ~ ~~~~CB~~
El i z et S. Montooth -e«~•-
St: Luci e
STATE OF FLORIDA, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COUt1ty S5:
1 hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowled gements, pcrsonally appeared. . . . .GeOI"gB .S. .Monxooth •a~d• Fl•i-aabeth• • • • • -
, S.. .Nbntooth~ .hi s, Wl t.e ,.,...,,.,,, ~o me known to bc the pcrson(s) described in and who executed the
foregoing instrument and acknowlcdged before me that ..... th@y. .... executed the same for the purpose therein
eapressed.
W~TNESS my hand and ofi'icial scal in the county and statc
.....February ................. ~9...$l..
-, ,
- IWfary ~u~~ic~~~~e of Floride at Large
My~ p,~~~ ion 6cpires Oct. 23. 1984 ' ' ' ' ' ' ' ' '~
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this...'....4th. ...........day of
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~ l~otsry Publit •
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(Spsce B~tow TAis LiM R~s~rvW Fw lendtr and R~coMer)
516334
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