HomeMy WebLinkAbout0998 prior to entty of a jud~mment en:orcina this Monp~e if: (a) Borrower pa~ys Lendtr s~ll sums whicA would be thcn due undtr
th;: Mo~tsaae, the Nae and nota securin` Futur~e Advanca, i! any, had etd acakration occurred; (b) Borrower ce:ra
al! brcacha of any other covena~sb or s~reemcnt~ of Borrower containod in this Morttaje; (c) Borrower pan all ressonable
expen~s i~curred by Lender ia eaforc,ias the covensats and a=rcements of Bortower wntained in tAis Mortpte and in '
e~forciag [.ender's remedia as provided in pangraph l~ herwt. includinj, but not limited to. rea~onabk sttaney's feea; aad ~
(d) Barrower taka tuch:ction u Lende~ may reawnably roquire to assure that the lien ot this Mottpje. Lender's inte~t
i~ ihe Froperty snd Borrower's obli~don to pay the suma sccurcd by this Murtaa~e shatl cor~tinue unimpaioed. Upoa tu:h
payment and cure by Borrower~ this MoRgage and the obligatio~~s secured hereby shall rem~tin in full foroe aad dfect u if
~o accekration had o~xurre~.
26• Astl~as~eN o~ ReMr, ApMoistreet ot RecNver. As additional security hereunder. Borrower hercby assiYas to ~
I.ender tbe rents of the Property. provickd that Borrower shall, prior to accekration under puagraph 18 Aeteof or ab~u~On-
ment of the Property, have the ri=ht to c~llect and retain such rents u they bocome due and psyabie.
Upon acceleration under paragraph 18 hereof or abandonmcnt of the Property, Lender sha0 be entitled to have a ~
rcceiver appointod by a eourt to enter upon, take possession of and msnage the Property and to collect the reots of the ~
Property, including thcse past due. All rents coliated by the rcceiver shall be applied first to payment of the costs of ;
management af the Property and collection of rents, including, b~t not limited to, reeeiver a fas, premiurtu on receiver's '
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bonds ac~ reasonabk attorney's fas, and thea to the sums secured by this Mortgage. T~e r+oceiver shal! be liable to account
only for those re~ts actually received. . i
21. F~tnre Ad~aeces. Upon nquest by Bo~-ower, Lender, at Lender's option within twenty yeats from ihe date of this
Mortgage. may make Futun Advanca to Borrower. Such Future Advancas, with interat thereaa, shail be secured by this
Mortgage when evidenced by promissory notes stating that said notes arc secured hereby. At no time shall the princip~l ~
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amount of the indebtedness socuted by this Mortgage, not including sums advanced ie accoMance herewith to protect the '
security of this Mortgagc. exceed the original amount of the Note plus USS. . . . . . . . . . l~le . . . . . . . . . . . .
?2. Rdeare. Upon payment of all sums sxured by this '~iortgage, Lender shall nlesse thi~ Mortgage without charg~e
to Borrower. Borrower s6alt pay all costs of recordation, if any,
23. Atforoer's Fees. As used in this Mortgage and in the Note, "attorn~ 's fces" shall include attorney's fees, if aay.
wt~ich may be awarded by ao appellate court. ~=S Is A~ALLOON MORT8A8~ AN~ 111E fIKAI.
F.~::Nr ~a r~E w~rtc~ wE ~ ~un~mt
IN WITNESS WHEREOF, Borrower has executed this Mortgagy: ~ 108,309.64 Tpg~
Signed, sealed and delivered f~R.i~ INTEREfT. lF ANY, AN~ ~tl A~M
in the presence of: ~~~i ~ ~Y T1E rO~TaA~EE i~l~
~ ~'S`...~iltt„ ~
TERs:S OF TMI~ ''`Y
~t.a"' ; '+•~~I
. . . . ~ . . . . . . . . . . . . . . . . . . . . . . GEORGE , , ERICK, (:ONSfiIt1,I
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e'~'~ . . . . . . . . . . . . . . . . B~ 'J ~ INE FREDERICR, ~PRESIDENT ~ f ~r~•
w.,,,~ ~ t.~ i
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II~Ia.'v I'.IVER . , .
STATE OF FLORIDA, . . . . . . . . . . . . . . . . . . . . . . . . . . . . COUIIty SS: ' ' ~ • .
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I hereby ;.ertify that on this day, before me, an o6icer duly authorized in the sWte aforesaid and in the county
aforesaid to take acicnawledgements, personally appeared. . JdLINE .FRED~RICI~, .~R~,S~A~ .Q$. ~~3~R~$
FREDERICK , CONSTRUCTION, , INC to ~ne known to be the person(s ) described in and who executed the
fore$oing instrumeat and acknowledged before me that. ..~he .......execnted the same for the purpose therein ~
e~cpre.~.sai.
WtTrtESS my hand and o~cial seal in the county and state aforesaid this. ...~lt~.. ....day of
~I?~~Y
. . . . . . . . . . . . . . . . . . . . . . . . . . . 19. .
My Commission expuea: " :
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