HomeMy WebLinkAbout0924 prior to entry of a judgment enforcing this I~lortgage if a 1 Borrower pays Lender all sums which w~ould t~ then due under
this ~iortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower rnntained in this Mortgage; (c) Borrow•er pay~s all reasonable
expenses incurred by i.ender in enforcing the covenants and agreements of Borr~wer contained in this 1~lortgage and in
enforcing Lender's remedies as provided in paragraph 1 R hereof, including, but not limited to, reasonable attorney's fees: and
(d) Bo~rower takes such action as Lender may reasonably reyuire to assure that the lien of this Mortgage, Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cun by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and efiect as if
no acceleration had occurred.
20. Assigament of Reats; Appointmeot of Receiver. As additiunal security hereunder, Borrower hereby assigns to
Lender the rents of the Property, provided that Borrow~r shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, 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 those past due. All rents collected by the receiver shall be applied first to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonable attorney's fces, and then to the sums secured b~ this Mongage. 'R?e receiver shall be liable to account
only for thase rents actually received,
21. Future Advances. Upon request by Borrower, Lender, at [.ender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thercon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums adva[lc~d in aecordance herewith to protect the
security of this Mortgage, exceed the originat amount of the Note plus USS. ~VU1V~:
22. Rdeage. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage withc~ut charge
to Borrower. Bonower shall pay all costs of recordation, if any.
23. Attorney's Fees. 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 appepate court.
IN WI'tNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered ' ~ ,~"4;
in the presence of: J~s~ ~ ,
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. . . . . . . . . . . . . . . . . . . UI~T~MAT~.H4M~S .QF. .PORT. S:~« .L~I~,- Jt1C(Seaj)
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.
RICHARD S. BROWN, II President -BOnO1"~'
STATE OF FLORIDA, . . . .~ti. . ~rUG~~
. . . . . . . . . . . . . . . . . . . . . . . . . . .C01171t~1 SS:
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. .R~GH9RD. 5... .~$Ob1t~,. ZZ, .Presid~nt .of . UC~T.IMATE
HQ(~I~S ,QF, PQ~tT, ST,t~t~~~~,, ,ZHC to me known to be the person(s) described in and who ezecuted the
foregoing instrument and acknowledged before me that. .he .....execvted the same for the purpose therein
~,i ,
' expressed.
..~i:
! Wr['t~tESS my hand and official seal in the county and staie aforesaid ihis. . . . . . . . . .~.3 :
: . . .day of
~ .Jun~ . i9..83.
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My Commission expires: /~,C~^~%"C., ~~..C.r. . . . .
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~ Notary Public ' ~ .
` [Ss~IJ . ~ . . .
tJotary Pubfic. State of Fl~rida et La~B~
MY ~mrnission ExDires Aug• 12, 1984. :
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(Spsce Below This lins Reserved For lende~ and Retorder)
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