HomeMy WebLinkAbout0923 ~
pnar to eniry of a ~udgment rn(orring this ~lortgage i~: la) Borrower pa}•~ Lcndcr all sum~ whi~h wouid be then due under i
ihis Mortgage, ihe Note and notcs sr:urmg Futurr AJ~~ncr~, if any, had no acreleration ~xcurred; Ih1 Borrower curcc
all breaches of any other covena~its or agrcementi ~~t Borruwrr rumained in thi~ Mongage: (c) Borrower pay~ aU reasonab~e
expensei incurred hy Lender in enforcing the covenants ~nd agrrements ot Barruwer contained in this Mortgage and in
enforring l_ender's reme~iies as provided in prragraph I R hereof, including, but not limited to, reasonable attorney's fees; and
(d) B~~~rower takes such action as l.ender may rea~unahly reyuire lo assure that the I~en of ~his Mortgage, I.ender's interest
in the Property and Borrower's ohligation to pa~• the sum~ secured b~~ this I~lortgage ~hall continue unimpaired. UF?an such
p:,yment and cure by Borrower, this Mungage and the ohligatiom ~ecured herebp shall remain in full force and efiect as if
nu acceleration had occurred.
20. Assignment af Rents; Appointment of Recej~er. A. additiunal sccuri~~~ hcreunder, Borri~wcr hereby atisigns to
t.~nder the nnts of the ProEx:rty, pruvided th~t Borruuer tihall, prior to acceleration under paragraph lh hereof or abandon-
m~nt uf the Property, have the right to a,Ilect and retam such rentt as they become due and payable.
Upou acceleration under paragraph IR here~~l or ahandunmem of the Propen~•. I.ender shall be entided to have a
receiver ap~~inted hy a cou~t to enter u~+c~n, take Fx»se~~~un .~f and manage the Propert}~ and ta callect the rents of the
Prrperty, including thosc past due. .All rems culle~te~i by ~he receiver shall t±e applied fint to payment ot the costs of
management of the Property and c~~Uectiun uf rent~. including, hul nut limited to, recei~•er's fees, premium~ on receiver's
hond~ and riasonable attorne}~'s fecs, and then to the wm> >ecured b}• thii Mortg~ge. The receiver ~hall be liable to account
onl~~ for those rents actually received.
21. Future Ad~~ances. U~n rcyuctt b~ Borrowcr, Lender, at Len~lcr's option within twenty years from thc date of this
~lortgage, may make Future Advances to BorroN•er. Such FWurc A~vances, with interest there~~n, shall he secured bY this
~tortgage when evidenced h~• promissory n~~tes stating that ~aid note. are secured hereb}. At no time shall the principal -
amount of the indebtedness secured b~~ this Mortgage, nut including Sums advanc~d in accurdance herewith to protect the
~ccurity of this Mortgage, e~cced the ~xig~n;,l am~~unt c~f the Nc~te plus USS
22. Release. Upon payment of all wms secured by this Mortgage, Lender shall release this Mortgage ~~ithout charge
lo Borruw•cr. Borrower shall pa~• all costs c~f rec~~rdahon, if anp.
23. Attorney's Fees. A~ used in this i~lortgagc ~nd i? thc tiutc. ":~uornc}~'s fccti" ~haU include auurney~'s feet, if any.
~?hieh may be aa'ardeJ by an appellate cat?n.
~N WITNESS WHERtAF, Borrow~r has cxr~ute~i th~s 4lortgagc. ,
Signed, sealcd and delivered
in thc presence of:
~ ~ -
~ ~"~3.. (Seal) 1
Franci s R. McAI n, Jr. ~onower !
~~.lr,(11.C.~ ~~t.. CS~~,Ll~ (Scal)
Anne L. McAlonan -eoro'"°`
STATE OF FLORIDA, Palm Beach County ss:
I herebt~ certify that on this clay~. b~fum mr, ar~ ~~tfiiccr dul~ authorized in the state aforesaid and in the county~ '
aforesaid to tak~ acknowledg~m~nt., Ex~r.onall~~ ap~ar~d Francis R. McAlonan, Jr. and Anne L.
McAlonan, his wife
i , to m~ knuwn tu b~ the p~rson(s) describe~i in and who executed thc
` foregoing instrument and acknow~l~~lg.~i bcfurr mr that they cxerutr~l thc samr for the purposr therein
~
F expressed.
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~
~ WITVESS my hanc: an~i official ~~al in thc cuunt~ anJ ~tat~ afuresai this 7th day of
~ June. . ~y 83.
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