HomeMy WebLinkAbout0976 19. Assignment of Rents; Appointment of Receiver. As additional security hereunder,
Borrower hereby xssi~;ns Lo Lender the rents of the Pruperty, provided that Borrower shall, prior
to acreleration under paragraph 1? hereof or abandonment of the Property, have the right to ~
cullect and retuin such rents as they become due and payable.
Upon acceleration under paragraph 1? hereof or abandon~nent 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, inclading those past due. All rents collected
by the rereiver shall be applied first to payment of the costs of management of the Property and
colle~ction of rents, including, but not limited to, receiver's fees, premiun~s on receiver's bonds and ~
i•easonable uttorney's fees, and then Lo the sums secured b~• this Mortguge. The receiver shall be
liable to account only for those rents actually i•eceived.
20. Future Advances. Upon request by Borrower, Lender, at Lender's option within twenty
~•ears from the date of this blortgage, may~ make Future Advances to Borrower. Such Future
Advances, with interest thereon, shall be secured by this 1lortgage when evidenced by promissor~~
notes stating that said notes are secured hereb~•. '
21. Release. Upon payment of all sums secured b~ this :~1oi•tgage, Lender shall release this
\Iort~age without charge to borrower. Borrow•er shall pay all costs of recordation, if any.
22. Attorney's Fees. As used in this Mortga~e and in the Note, "attorney's fees" shall include
attorney's fees, if any, which may be a~~•arded by an appellate court.
This Loan is made pursuant to the rate pro~~isions of Chapter 6~6 of the Floi•ida Statutes.
I?`' ~'~'ITNES VHEREOF, Borruwer has executed this ;liortgage.
_ d; sealed and 'vered
in t presence of:
~ .
:i~7C'~Lt 1 ~11,~ l~ ~ <GC _ ~ ~
.~.....:c~... ...1~ .'1• ;:G:~=:~G:...................
r..~ . . ~
-w,t~e55 Witness Harry Andrews - g~~~o*e~
. . .Y.1... . f~...h~.\ . CL :`'~.:..t/~.ti.`..`.~...
. .
-:Y~~~z~Witne s ar~aret E. Andrews -
~ State of Florida .................................................S.t.....~,~.1G.1.~.............................................................Count~~ ss:
I
~
~
e
F
S
= I hereby certif~• that on this dat~, before me, an of~cer duly xuthorized in the state aforesaid
; and in the count~ aforesaid to t• ck ledgements, personall~• appearecl.~s~~~'y....~......~~:l~~~WS
~ ~ Mar aret E Andrews ~~e
~ .............~................~......................r, to me nown to be the person(s) described in and who executed the
~ foregoing instrument ancl ackno~vledged before me that....~y
g executed the same for the purpose therein expressed.
~
~
~
~ ~~'itness m~- hand and official seal in the count~• and state afoi•esaid this..2~~?~ ..................day~_of;` -
~l~i~~. • : ' ~ '
: .
~ ly , s '
~ ~
~ ! t r , ~
. .
~ ~1~ Commission expii•es: ~ ' '
- E::.: ~ ~~..~.1„d,,~c~~ -~z~.. " - - ~ . ~ :
, t.
Notary F~rblic, State of Florida ho:ary PuDiit ~ ' ,
~ My Commission Expires Mar. 20, 1988
€ ~
;
;
k
k~
X:
+.Space delow Tn~s LLne Rese~vetl For ~en~er and Retcrde~;
;e
x
~ Prepared by:
i.~~~~ ?~v ~ ,
_ Kim Leach
- Allstate Enterprises, Inc. .
- 3200 - 34 Street South -9 P3 ~49
St. Petersburg, FL 33712 ^ ~
_ ROL ~ - ~
- ST. ~ - s
_
~
~
3Gr.K~~ ! P~GE J ( U
y _
= MFU)1~-f - {
- .
~ ~ ~ . . _ . . ' . . . ':~3;