HomeMy WebLinkAbout0580 19. Borrowu i Aight to A~instata. ~'otWitl~stan~lin~ I.ender'r acceleration ut the ~unu; ~ecured by this \iort-
gage, Borrower shall hA~~e the right to ha~~e any ~~rocecrlin~s heRun h~~ l.en~ler to enforce this \iortgag~ discon-
tinued at any tin~e prior to entry oi a judgment enforcing thi~ \tott.~age if: la1 BorroHer pays I.ender all sums
which would be Lhen due under this Mortgage, tl~e Notc an~1 notes securinK Future Advances, if any, had no accel-
eration occurrecl; (b) Borrower cures all breaches of an}• other ~o~~enant~ or a~reements of Borrower contained in
this ~iortgage; (c) Borrawer pays all masonal~le ~xpensc~s incurrc~ci 1,~~ I.end~r in enioming the co~~enants and
agreements of Borrower containeci in this ~iott~age i~nd in eniorcin~ I.ender's reu~eclies as provideci in paraqraph
18 hereot, including, but not limiteci to, reasonable attorne~'~ fees; an~l id 1 Rorrov?~er takes ~~~ch action as I.ender
u~ny reasonably require to ~~um that the lien of thi~ \Iort~aRc. Lc~nder'~ intcrest in the Yro~x rt~ and Borrower's
obligation to pay the sums secured by this \tortga~e sl~t?Il continuc unimpxirecl. t?~~on such payment and cure by
Borroaer, this \Iortgage and the ohligatiom ~ccttn~i heml,~~ ~hull rnmain in iull torce nn~1 effect as if no accelera-
tion had occurred.
20. Assignment of Rents; Appointment of Reeeiver. a. additionsl security hemunder, Borm~~•er hereb~•
.~csigns to I.ender the rents of the Propert}~, ~~rovide~~ that AorroH•cr ~1?H11, ~?rior to Acceleration under paragraph
18 hereof or nbandonment of the Propert~•, ha~•c thr ri~ht to collect and mtain s?ich mnt~ as the~• hecome due and
payable. '
Upon acceleration under paragraph l8 hereof or abandonment of thc Yro~~erty, Lender shall be entitled to
have a recei~~er appointed b~ n court to enter uron, take passession of ami ~uanage the Praperty and to collect the
rents of the Pm~~ert~~, including thae ~~ast ~1ue. All mnt~ collecte~l b~~ the recei~•er ~hall IM apPlic~i first to payment
of the costs of management of thc Pmpertti xn~1 coUection of mnts, includinR, hut not limitecl to, receiver's fees,
premiums on receiver's bonds and reasonable nttorney's fec~c, an~i then to thc sums secumcl hr this ~Iort~aRe. Thc
receiver shall be liAble to account only for those mnts actuall~ mcei~•eci.
21. Future Advancea Upon request I~y Borrower, I.ender, at I.ender'~ option ~~ithin tHent~~ yea~ from the
date of this \Iort~agc, may make Futum ~d~~ances to AorroH er. Such Fuh~rc Advance~, N ith intEmst thereon, shall
be secureci by this ~iortgage ~~he~ e~•idenced b~ ~~mmi~•on notcs statin~ tl~at said notes are secured hereby. At no
time shall the principal amount ot the indebteciness ~ecurc.': !?v thi~ \iort~a~c. not includin~ sums advanced in
:~ecorclance here~~ith to protect the securit~- of this aiort~agc, exceecl the ori~inal a~nount of the ~Tote plus
US i-- 0-_ -
22. Relecse. L'pon payment of all sums secui~ed b~- this \1ort~a~e. Lender shall releasc t.his 1Zort~aRe without
charge to Borrower. Borroaer shall ~ia~ all cost~ of mcor~lation, if anv.
IN `VITNES.S WHEREOF~ Rorrower h~s execi~ted this biortgage.
Signed, seal ~nd delivered
in the prese ce o. - "
* / ;
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..~t.~r,~-~-~-, - ~'j^ . ` -
/ t~ (Seall
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NON W. LYDSTON ; -Boczower
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~ ~ _ ~ (Seall
- --.~~s~- -,~f___~C~1~c,~ - - - -
BETTY J . L ON -Borro~er
E __332 Atlas__Terrace_._ _
E
~ Pnrt_St. .Lucie,_ F]_Qr_id,a----3~4~0---------.-_-
~ Property Address
s
~ STaTF oF FLOxm~, . Mdrt] n Count}- ss :
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~ I l~ereb~ certif}- tl~at on this da~-, before ~ue, .iu offieer duh- xuth~~rized in the state ~fore~aid and
~ iu thc~ count~• ~foresaid to take ackno~rled~,enu~nt~, personalh- appea~•ed Vernon W. l.ydston__and _
~ Betty J. LydSton, his wlf,et~ ~ne kno«~n to he tl~e person(s) described iu a~icl ~vl~o e~ecuted thc~
~ fm•eaoing inst.rument. and aekno~ledged heforc~ ~n~~ that they e~ceeuteci the same for the purpo«~
~ tl~erein expressed. .-.f'
«~iTxESS m~ l~aud and of~'iei.~l seal in thc~ eount.~- :uul ~t.it~~ xfore~~~ic ~ 3 r da}• of
~ October , 19 73
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~ ~i~- ( : ommission expires : 7/Z 4, ~1 y , " -
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