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HomeMy WebLinkAbout0994 ~ ~ . ~L~(~ ~ 1~~~•.I prior to entry ot a judgment en(orcing this Mortgage ii: (a) Borrower pays lender all sums wh~ch would be then due under this Mortgage, the Note and noies securing Future Advar,ces. il any, had no accelerat~on occurred; tb) Borrower cures ail breaches ot any othet covenants or agreements ol Borrower Contained in this Mortgage: lc) Borrower pays ail reasonable expenses incumed by lender in entorcing the covenants and aflreements of 8o«ower contained in this MoRgage and in enforcing Lenders remedi~s as provided in paragraph 18 hereof, including, but not limited to, reasonable attorneys lees: and Bonower takes suCh action as lender may reasonably require to assure that the t~en of th~s Mortgage. Lenders ~n- terest in the Property and Bo~rowers obt;gation to pay the sums secured by lhis Morigage sha11 continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain ~n iull torce and etlect as if no acceleration had ocCUrred. 20. Assi9nm~ntof R~nri; AppolMm~nt ol R~ceiv~r. As additio~al security hereunder. Barrower hereby ass~gns to Lenderthe rents ot the ProDerN. Drovided that R~rrnwAr cnaii nrinr fn ?~rnln.ot:.+ Y~, y~-~r!~ ~ Q!- ; ment of the Property, have the right to collect and retain such rents as they become due and payable. llpon acceleraiion under paragraph 18 hereoi or abandonment of the Property. Lender Shal1 t;~ entitted to have a re~e~ver appoi~teri by a cou~i to enter upon, take possession of and manage the Property and to collect the rents of the Property, including those past due. All rents collected by the receiver shatl be apptied i~rst to payment ot the costs ot management oi the Properry and collectian ot rents, inc~uding, but not limited to, receivers fees, prem~ums on receive~ s bonds and reasonable attorney s fees, and then to the sums secured by this Mortgage. The receiver sha~l be Iiable to account only for those rents actualty received. Zt . FutunAdvsncN. Upon request by Borrower, Lender, at Lenders option with~n twenty years trom the date ot this Mortgage, may make Future Advances to Borrower. Such Fulure Advances, with interest thereon, shall be secured by this MoRgage when evidenced by promissory notes stai~ng that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, not inctuding sums advanced in accordance herewith to protect the securiry ot this Mortgage, exceed the original amount ot the Note plus US$ 4.2.,r? ~n... t1~ 22. R~l~aM. tJpon payment ot all sums secured by ihis Mortgage, lender sha11 release this Mortgage w+thout charge to Borrower. 6arrower shall pay ali costs of recordation, if any. 23. Attomsy's F~es. As used In this Morigage and ~n the Note, "attorneys fees" shall include attorneys fees. if any. which may be awa~ded by a~ appellate court. IN WlTNESS WHEREOF, Borrower has executed th~s Mortgage. Signed, seaied and delivered i the presence oi: i~ ~ ~ r ~ ~ ~LJt ~Seaq ! LLIAM H. HILL ~ iSeap SANDRA J. HILL (Seal? 1 Sea t? i STATE OF FLORIDA. Caunty ss MARTIN I hereby certi(y that on th~s day. before me. an o!!~cer duiy authcnzed ~n lhe state aforesa~d and ~n the ccunty aforesaid to take acknowledgements, personally appeared ~ WILLIAM 8. HILL ANB SANDRA J. HILL, HIS WIFE ~ i e ~ ~ 's ~ . to me known to be the person~sl descnbed ~n and who executed the ~ fore~oing mstrurnenl and acknowiedged betore me that Borrower executed the same for tne purpose there~n E expressed. ~ ' ~ 8TH ~ ~'~~1ESS my hend and oN~c~a~ seal ~n !he county ard state aic,resa~d th~s day of •-~Mi. ` , •r.~ r" Y• ~i ! ~ • , ',4'••;;.~ f. ~ . , 5 82 , r ~ ' ' ~ ~ ' e'~- . R y 's ,_,a~ / / ~ : ~,AyCo~~.ss?q~? ex~~6 r ~ n. ~ ~ . ; , ~ , :.1f~,. e , t1i - ~'~.J~~ ~l.J ~ 3: ~ t ` J(g ag ` Not P i~c : ; _ , ~,~J~q_ . . ' r l • +Space Be.o,v Tr~s L~^e Reserveri br L~nde~ and Recorder, F f i 3o~K 369 PaGE 994 ~,-~~ss F ; 9 ~ ~ ~ ~._:v~.. _ _ _ - _ _