HomeMy WebLinkAbout0013 18. Bocrow~i
s Right to R~iadat~. Notwitlistanding `I.e~der's acceleration oi the sun~asecured by this ~'Iort-
gage; Borrower shall have the right to have any 1~roceeclin~x 1?egi~n by I.ender to enforce this 1lortgage discon-
tinued at ar~y time prior to entry of a judgment entoming tl~is \iort{~age if: la) Borrower pays Lender all sums
which would t~e then due under this 11Sorigage, tlie ?~otc and notes securing Future Advances, if any, had no accel-
eration occurrecl; (b) Borrower curea all ateaches of any othcr covenant~: or agree~uents of Borrower contained in
this Mortgage; (c) Borrower pays all reasonablc expenses incurmcf bv I.ereder in enforcing.the covenenta and ~
agreement~c of Bort+ower eontained in this 1~Iortgage and: in enfominR I.ender's rei»ecties as ptovidecl in paragraph `
18 hereof, incluciing, but not limited to, reasonable attor~ey's fces; and (dl Borrower takea sucl~ action ae Lender
may reasonably require to assute t~hat the lien of tl~is \Iortgage, t.endcr'~ inierest in the Yro~~erty and Borrower's
obligation to pay the sums secureci by tbis :liortgage ahall continuc unin~~~aired. Upon such payment. and cure by~
Borrower, this Mortgage and ti~e obtigatiom securc~t licrel~v ~t~al~ remain in full foree and ef~ect as if no accelera-
tion had occumed.
Z0. Assignttient o! Renta; Appoiatment oE R~ceiv~r. As additiona) secarity hemunder, Borrower hereby s
assigns to I.ender Lhe rents of the Property, provided that Borrower shall. ~~rior to acceleration under paragraph ~
18 hereof or abandonment of the Property, ha~•c thc ri~ht to collect anci rntain such rents as they I~ecome due and ~ ~
payable. ~
Upon acceleration under paragraph 18 hereof or abandon~nent of t[~e Propcrty, Lender shall be entitled to
have a receiver appointeci by a court to enter i~pon, take ~ossession of an~i manage the Property and to collect the
reats of the Property, including those ~ast due. All rents co1lected bv the receiver shall {~c applieci first to payment
of the coBts-of management of the Prol?erty and collection of rents, including, I~ut not limitecl to, receiver's fees,
premiums on receiver's bonds and reasonable attorney's fees, and then to the sums secureci by thic :liortga~e. The '
receiver shall be liable to account only for those rents actually received. ~ ~
Zl. Futurs Advanew. Upon request I~y Bormwer, I.ender, at I.en~ler's opt.ion within twenty yeaea from the -
date of this hiortgage, raay make Futum Advances to Borrower. Sucli Ft?ture Advances, a ith interest thereon, shail
be securPd by this ~tortgage ~vhen e~~idenced by promi~ory notes stating that said not~ sre secureci hereby. At. no
time shall the principal amount of the indebteclnes.c securecl 1?y this 1iort~a~c. not includin~ sums advanced in y
accorciance herewith to protect the securit~ of this ~iortgage, exceed the original amount. of the Note plus . ~
IIS i--- ~
.
2Z. Rel~ase. Upon payrnent. of all sums securec! b~ this ~iortgnge, I,ender shail retease this \tortgage without
charge to Borrower. Borrower shall pa~ all costs of recorclation, if an~ .
Ix ~YrrxESS Wa~x~oF, Borrower has executed this Mortgage.
Signed, ser~d-a delivered ;
~
in e pr e of :
. ~i~~}
" '
_ ' _ ~ _.._~?7C7i1~ 7
R L ~ -
. , , , .
~
~Q.y ~r G , ~
-Q-~-=~------------ - - ~~-G~-~~ - - -(Seall
~ C L A I R E C. C 0 T E -BorroWer
~
_ 119 I~agls__Avsnue,~__Et,__Pi~c~e,___Fla. ~
. Property Address
STATE OF FLOBIDA~ M1xtlI2~ COUII~V SS :
I l~ereby certif}~ t.Uat~ on this day, before me, ofl'ice~• duh- xuthorized in the state aforesaid Attd
in thecountv aforesaid to take acknoHled~en~e~its, pei:~onall~ appeai•ed ._GERARD L. __~OIE and_
C L A I R E_ C. ~ 0 T E,_ h i S w i f P~ to me kno«•n to be the person ( s) described in and wl~o e~ecuted th~
foregoin~ insta•ument and ackno~vlec~ged before ~ne tl~at they executed the same for the pni•po~~~ ~
tlierein expressed. ~,t ~
~F.iTxESS m~ l~and a~id ot~'ici~l seal in tl~e count~• .~nd statc afore~aid; l~__.. da} of
. - --S_eptemb_er- _ ,19 _ 73 .
. _
' ~Iv Commission expires : ~ /Z ~ /7c~ _ = ~ ~ . :
~ `Totary Public • . - - ;
-
~-y
t~•:~~ .
6 ` L' C v ~ i
2 4410 . _
~ ~DE~ • _ .
FIIE~ a4c~ RE~O• • • • ~
ST.IUC=r C4L'NTY Fl~. ~ ~ . ~ `
R°3Gi :ri~`RAS : y ~
~
CEE~r. C. JiT COURT .
~ ~.t_7....~.~-~-- :.,{.~,:ii ?e'~'
cF*~P~~ YE": '
S~ 1'[ so PN'13 ~
~
?
- r M1't?~ PAyi
_
~ _ - _ x -