HomeMy WebLinkAbout1050 18~ sorrowu's Aiqht to R~instat~, Notwitliatanding ~l.ender's acceleration uf the ~un~s secured ~y thia Mort-
gage, Bortower shall hsve the rigl~t to I~ave any ~~roceeciin~s I?cg~;n I~y i,ender to enforce this Rlortgage diecon-
tiaued at any time prior to entry of a judgment enforcing tliis Mortgsge if: (a? 8orrower ~sys I.ender al) sums
whieh would be then due under this Mottgage, tl~e Note an~1 notes securinq Future Advances, if any, had no accel-
eration occurred; (b) Borrower curea sll btesches of any other covcnantx or agrcements oi Barrower contained in -
thia Mortgsge; (c) Bormwer pays s11 reasonai~le cxpeuses incurrecl hv I.ender in enforcing the covenants and #
agreemente of Borrower contained in ~.his ~Zortp~age und in cnforcinR I.ender's ren~edies as providecl in paragrapl~
18 hereof~ including, but not limited to, reasonable attorney'r fces; anc! (d) Bormwer take~ sucl~ action as I,ender
may reaaonably requine to iassure that tl~c lien o! tl~ia ~tortRag~. I.ender'~ interest in the Pmperty and Borrower's
obligation to ~ay the sums secureci by this `tortgage sliail eontinuc unin~paired. Upon such payment and cure by ~
Borrower, this'~Zortgage snd the oAligation• rccumd herchy ~I~all ren~ain in full force an~i effect as if no accelera-
tion hsd occun~ed.
Z0. Aa~iyam~nt o[ Aeab: Appointm~nt oi A~cei~~r. As additional security hereunder, Bormwer I~ereby
xssigns to I.ender the rents of the Propert.y, provideci tl~at Borrower si~aN, ~?rior to acceleration under pars~taph ~
18 hereof or abandonment of the Property, hxre thc riRht to collec/ and retain such rentR as thev I~ecome due and }
payable. - 4
Upon acceleration under paragraph 18 hereof or ahAndomnent of tl~e Property, I.ender shail be entitled to ~
have a receiver appointeci by a court to enter upon, take passession of and u~anage the Property and to collect the
rents of the Property, i~cluding those ~~ast ~1ue. All rents collectc~ b~ the receiver shaN 1?c applied first to payment
oi the costs of ~nanagemet?t of the Propert~ and collection of rents, includinR, 1?ut not limiteci fo, receiver's fees.
premiums on receiver's•bonds and ressonable attorney's fees, an~i then to the sums secured b~ this '.liortgaqe. The ~
receiver sha11 be liable to account only tor those rents actualty received.
Zl. Futur~ Ad~aa:c~a. Upon requestti~y Borrov?er, I.ender, at 1.ender's option within twenty years from the
dete of th~s ~Iortgage, may make Futum Ad~•ances to Borroaer. Suci? Future Advnnces, with interest. thereon, shall
be secured by this ~lortgage «hen evidence~ by ~~romi~son~ notes stating tl?at said notes are securecl hereby. At no ~
time shall the principal amount of the indebteclness secureci by this ~tort~aRc. not inciudin~ sunis advanced in ~
sccordance herewith to Protect the securitv of this Ztortgage, excec~ ti~e ori~;inal amoant o! the Note plus ;
US i-- - :
~
2'l. Aelease, Upon payment of aU sums ~eru~~ed (?r thi~ ~tort~a~e. I.en~icr shatl releasc this ~iortgaRe without
charge to Borrower_ Borrower shail i~a~ al) ~ost~ ~f m~orrlation, if an~~. t
The signer does not intend or ex ect to ~
p pay, nor does the holder hereof ~
intend or expect to charge, accept or collect any interest greater than the
highest legal rate of interest which may be charged under.the l~ws of the
State of Florida. Should the~acceleration hereof or any charges made here-
under result in the computation or earning of intere~t in excess of such
legal rate, any and a21 excess shaZl be a,id the same is hereby waived by the r
holder hereof, and such excess shall be credited by the holder of the ~
balance hereof. ,
~
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\ f I-E AtiL' R
\ y s~'~'o~~E~~P°~~"`~~'~i,~
- CIERK Cr,CU~r
~ps~
R~p _
~ RFCOP,t~ VE~;F~EG D~
Ia .~~~iT\Etie ~CfIEREf~p, R~i•?•m~-~r h:~~ ~~~~~ri~ted thi~ ~tartda~c~.
~ Du 31 11
Sig?ned, .ealed and cieli~-erecl . Z6 PH ~~3
_ in e presence of : .
~ _ 6~/ ` ~
; ;
: s~~ - - /7
'.!a%'LaCd` r ~/l - 15ca1?
HAROLD F. CHAPPEL JR. -Borro«er
~ _ ~ ~ ~ ~ _.e.~,~' ,
; _ se~>>
R H CHAPPELL -B°n°~~r
~ 4901 Palm Drive
Ft._ Pi_er.ce, Fiar_ida `
~ :
~ Property Address
~ ;
~TA7'E 1)F FIARIDA~ Mtarti n ~~Ollllt}' fi~ : ~
~
( 1 L~~reh}• certif~- that on this ~l~it-. hef~n•c~ nu~, au ntlice•~• dul~- autL~n•iz~d iu th~~ st.~t~~ :it'~?r~~.:iiil .incl
~ in thc~ ~•ount~- :~fare~aii~l to take aekn~~~~~lc~l~,~~n~mt~, ~?er.on:ill~- app~~are~l Harold F. Chappel l, JI^. and t
Ruth Chappell, h7S Wlfe , t~ tn~~ k~tn«~n tn 1?~~ 11~~~ ~?c~~,on(s) tl~~«rihetl in :~ncl ~~•li~~ c~~rc•ut~~d tli~~ ~
fn~•c~~,~~in~,~ insh•nment_ and ackn~a•11•~l~~d h~~for~• ~n~~ thut they ~~~~'ri~ted th~~ ..~nu~ t'~?r tlu~ 1?ur~?o:~.
tl?~•r~~in ~~xpressed. ~ °
,~~IT\F.~S 1111' jliill(~ and oftici~~l ,eal i~~ tlu• ruuut.~• :u~~l stat~~ :ii'c?r~•..iid thi~ il:i.• ~~i'
Decerr~er , t9 73 - ~
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~1~-1'~?m~r~i~sion expires : ~ /7 i • s,
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