HomeMy WebLinkAbout1267 19. Boaow~r'a Riqht to R~inatate. Notw•itlistandin~ I.cnder'. Hcreleration af thc .un~s ~ecured by this ~lort-
gage~ Borrower shall have the right to ha~•e any proceeciin~~ bc~un I,~• l.ender to enforce this \tortgage discon-
tinued at any time prior io entry of a judg~uent e~foming tiiis \iort~age if: lal Borrow•er ~iays I.ender all sume
, ~~hich would be then due under this ~'Iortgage, thc ?~`oie nn~i notes. securin~ Future Ad~•anccs, if any, had no accel-
~ era~ion occurtecl; (4) Bormwer cures sU breaches of any othcr co~~enant~ or agrce~uents ot Borrower contained in
this \~Iortgage; (c) Borrower pA~s all reasonai~le ex~~enses incurmcl by I.endcr in enforcin~ thc co~•enants and
~ agreements of Bortower contained in this \1ort~aRc t?nd in cnfomin~ I.cnder's remedies as providecl in paragraph
18 hereof, including; but not limited to, reasonable attorne~'r• fec~; an~i id 1 Borrower takc~ •ucl~ action as Lender
, may reasonabty require to ~?ssurc that tlic lien of tlii~ ~Iort~a~c. Lindcr'~ iniemst in thc Yro~~crtv and Borrower's
obligation to pay tl~e sums secured by this 1lortgage sl~all eontinuc unin~pHired. LTpon such payment and cure by
; Borrower, this \Iortgage and the obligation~ securcvl he~rh~• ~hnll m~nain in full force an~ etTect as if no accelera- ~
Lion had occurred.
20. Assigatnent of Rents; Appointtnent of Aeceivar, as ;?dditional ~cMUrit~ hereundcr, Borro~~•er I~ereb~
:tssigns ta t.ender the rents of the Pmperty, rro~~ideci tliat BorroH•er ~Lall, ~~rior to acceleration under paragraph
18 hereof or abandonment of the Pro~~ert~•, ha~•c tlm riRht to coliect and mtain su~l~ rents as the~ ~~ecome due and
payable.
Upon acceleration under paraRrapl~ 18 hemof or abandonment of the Pro~ierty, I.ender sha11 i~c entitled to
l~a~e a receiver appointeci b~~ a court to enter i~~~on, take pocSession of an~i ~uanage the Propert~~ und to collect the
rents of the Propert.y. including those ~~ast due. All mnts collecte~i hv the recei~•er shall I?c applieci first to payment
of the costs of ~uanagement of the Property Knd collection of rents, includin~, hut not limitecl to, receiver's fees,
premiums ~n recei~~er's lwnds and masonnble attorney's fees, and then to the sums secumci !~v this liort~a~e. The
receiver shall be liable to account only for th~r rents actually mceirecl.
21. Future Advaneea Upon request by BotroK•er, I.cnder, ut I.ender's option w•it~iin tH•ent~~ years from the
dste of this ~fortgage, may ~nake Fvtum A~h•ances to Aorro~•er. Sucli Futum Advances, H ith interest thereon, shall
be secureci hy t.his ~iort~age hen e~•idence~ by limmic.on• notes stating that ~sid notes are secured hereby. At. no
time shall the principal amount ot tl~e indebteciness ~eci~recl thi~ ~Iort~a~c, not includin~ swus a~l~•anceci in
:~ecordance hereni~h to protect the securit.~• of thi~ \Iort~age, exceecl the ori~inal amount of the tiTote pius
US:-- - •
22. Releas~. Upon payment of all ~un~~ ~ecured h~- thi~ \tort~a~;e. T.rnder sl~all release this ~tort~a~e without
cherge to Borrower. Botrower shall ~ia~• all cosis of recorciation, if an~•. ~
IAT ~VITI~ESS WHEREOF~ Borro~ver h1s e~ecuted this biortgage.
Signed, se~rl delivered
in the pres e qf : -R
~ . J
L~~- - - {Ses1?
- - -
ES R. CHAUNCEY BurroWer
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-------`~~-~~s-~t-- - .c.--C-"'--'-'-`--`~-- - - - ~ .._l~t'1 (Seall
. CHAUNCEY -B°~°WQ`
~ __Rt-.--1.,--~ox__4551--~t-.---l~~~ie _Blvd,-------
__Ft. Pierce,-Flnrid~--------
Property Address
STATF. OF FLOBIDA~ Md1"t111 C~O11Ilt}' SS :
I hereb~ cert.if}• tl~at on this dar, iyefore ~ne, ~u otti~er auh- .~uthorizec~ in the state .~fores~id and
in the count~- aforesaid to take Hrkno«•leci~,enietit~, per~ona)h- appeared JAMES R. CHAUNCEY__dnd JOY
C. CHAUNCEY, his wife , to me knoti~n tr? la~ the person(c) described in and ~vl~o etecuted tLc~
fo?•e~oin~ instrument and xckno~~•led~ed h~forc~ i~1c• tl1~t they ~~~cuted ihe same~ fm• tl~e pt~rpos~~ ~
; therein espressed. 3~ ~
~ ~t~ITNiF.SS I111" ~ititi(~ iiit(~ O}~1C1ItI ~eal in th~~ comit~• ~i~~d ,t~~t~• afor~~.aid tl d~i~~ of
- October- ,19 73 ~ _
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i ~i~• Cnmmission expires: ~ L~/~c~ , '
\'otan~ Public ~
E a ; 4~;•.+~•v~ ~
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