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HomeMy WebLinkAbout1863 ~ ~ - ~ 19. Borrow~i s Right to Reinatats. :~ut~~ith~tan~liu~; Len~icr'~ ur~•el~~ration of iii~• ~unir ,~eur~tii by tlii~ \lott- Kage, l;orroH~rr •hal! lu~~•c tlic riKht to lia~•r :u?~• ~?ruce~vl~n~;• IH~Kun 1?r l.t•i~~1er to ~•nfare•e ihi~ \IurtKa~t~ ~li,con- tinuecl at an~ time ~~riur tu ~~ntr~• ui u ju~ig~uent enforciu~ thi~ ~lnrtka~;e ii: Iu1 Korro~~•rr ~?ay~ Lrnder :?I1 wn?c ~chich H•ould t~e then due un~ier this ~(ortgaKe, the \M~• ami notc, .~~~•uriu~ Fuh~m A~i~•iin~~~•~, if an~~. hti+l n~ :u•c•el- eration occurre~l; il?1 13orro~~•er currs a?11 hmxcl?es of i?n~• oth~•r co~•rnaut~ ur i~~;rr~~~ne~it. oi BnrruK•er co~it.~ine~i i~s this ~1ort~nge; Iel Borco~~•er pa~•• ull mu:c?nul?I~~ ~~x~?e~?~e, incurntil i?~• Lernler in enf~~rcin~ the co~•e~a~~nt: und agreements of AorroH•cr containc~cl in this ~IortKa~;~~ un~i in ~~ntor~•in~; I.~•n~i~~r'• iu~tilie: :a~ ~?m~•i~iwl in {,rsr.~;ea;,l~ 18 hemof. includin~, but not limitc~l ta, m.isou.?l~l~~ .?tturnr~•'~ ir~~.; a~ul i~l~ 13urr~~~~•cr t.~k~•.; ,w•I~ actiun I.~~n~tcr ~n:i~• rri?son:ibly rc~c~uirc to .t"um tiint the li~n r?f thi: \lort~i~~;i~. L~~u~l~•r'~ intc•r~•:t in thr }'ro~~~~rt~• .in~! Ii~~rro~vcr'~ oblig:~tion to pa~ tl?c •um~ ~erun~t b~ thi: \tort~;akr ~li:tll continuc uni~i?~~aire~l. l'~x?n :uch ~?u~•nu~nt u:ul ~•ur~• b~ Borro«cr, this ~lort~;:~};~~:?rnl tl?c• ol~ligation~ ~~~•~u~~vl h~~r~•h~• ,hall r~•in.?in in [ull forec• :uu1 ~•Il~•M u~ ii n~ :u•~•~•Icra- tion i?ad occurred. 20. Assig:?ment of Rents; Appointment of Receiver. ;ulditio~~;~l ~~•~•~~rit~• her~•wule~r. Rorro~r~•~- 1:c•rc~l?~• u.~igns to ].en~ler the ~Y~nt~ of thc Yro;~ert~•. ~?r~~~•i~l~•~i thr~t Rornm~~•r ~lr.?li. ~~rior io :t~celc~r.ition i~n~ii~r i?:ir.t~raul? 18 here~?f or .iban~ion~u~~nt ui tiie Propert~•, l~:ir~• thc~ ri~ht t~? c•oli~~ct .?mt ret~~in ~uch rent~ a~ tl~~~~• I~eccnue ~iue and payable. ' i:pon ac~•cleratiun under ~?nrv~ra~~h 18 hcmof ~~r :ih;?~~don~nrnt of the~ Yro~~~•rty. L~•mier sir~ll be entitlMl to ha~•e n meei~•er a~~~~oint~~1 1?~• a cottri to enter u~~on. t:~k~ l~o~~e~:ion c~f an~l w:Ul:?Ke th~~ Ym~~ert~• ;?uti ta collc•ct the renis of the Yro~u•rt}-, in~iuclin~ those ~~u~t du~•. _111 n•nt. ~•o1lc~etcyi I?~• tlu• recei~•er ~hail ;ip~~licri fir.:t to pa~•~nent of the eosts of ~nant~~ement oi the Pro~?ert~~ :uul ~ollr~•tion ~f rent~, ini•i~i~iin~;. I~t~t not li~nitc~i t~?, meri~•er'~ tec~~. premiums~on mcc•i~•er'~ t~ond~ a~nd rea~onahlr attorm~~•'~ fre., .trni the•n to thc~ :uni~ srcuresl h~• tLi~ \lort~;us.;~~. 'I'he• receiver shAll b~~ linbie to accou~~t onh for tho~~~ rent~ :~~ta~lh• r~~~~i~•~c1. 21. Future Advances. t~~on requ~~t h~- Rurro~~•er, Lc•ndcr, at Lend~~r'~ o~~tian ~~ithin to-cnt~- ~•esr~ iro~n the dAte of this \Iort~uKe. ma~• iuake Future :1~1~•ai~~•r~ to Rorn>~~~er. ~urh Nuh~m ~~~1~~ance~, ~~~ifh i:terc=t tl~ereon, shall be secureci 1?t• thi: ~Iortg~~e ~~•h~n e~•i~ie~nccri h~• F?roini~•~~rr not~~ ~tatin~ th:it ~ai~l note~ .ire ~rrure~! hem}?~•. At nc time ~hall the ~~rincipnl amount of thc in~iebt~~~lnr~~ ~e~unyl b}• thi~ ~Iort~:?Rc~. n~~t. in~•lu~ling ~nnr.• ad~•anced in aceordance hem~~~ith to ~uotect the ~ecurit~• of t4?i~ \Iort~;xt;c. exeei~l itir origin:i! amount of th~ ~ote plu~ ~ ; US~ 5,000.00 . 22. Release. t'pon ~>.t~•meut oi :?ll sum~ ~~~ur~yl I~~- tl?i~ \tort~;.i~,e. L~~n~i~•r ;Lal! rc~le:?se thi• ~torts;a~e ~~•ithout charge to I3orro~rer. Borro~cer ~h~ll all co~t~ i~f re~~nlstion, ii .in}•. ; I~ IT\ }:s,~ ~~'~ieREUF, l~orm~~ er h:?. e~ec•tited tl~i~ ~lortg~g~. = Si ed, sealed ~inl1 dc~li~•ere f i presence of : ~ . ~ , , . ~ ' ~~l. ~~aTi ~ ~ 1`~-rn-~ - - - - - - _ / TER Q RT MO ISCi: -Borrovicer ' ~ _ ~ ' tt ~ ~ % ~ , ` ~~.P.I~C~~'~~.t~--~ (~eut ~ = I t2 Gl~~r~ij_ . ~ ~ ~ - - - - - - f BET'I'Y MORRISON -Borro~er F ! ~ 333 Dixieland Drive °f i - . . - - - - • [ ~ Fort Pierce.,-.Florid~_ Property Addres4 ~ tiTa~~e OF FI_~RID,~~ I" cl /j ~ v~~ Coimt,~- ss : ~ I hereh~ certif~- that oit this da~•, hefore inc~, .in ~~ftic•c~r duh• :iuth~~rized in t}ie stat~ ;ifor~~~.zid an~l ~ in th~ counti- af~rc•s.~i~l to takc• arkno~~•le~l,'~enu~~its, ~?er~onalh• ap~c~t~•ed Lzster (~lbert Morrison and y Betty Lee t~iorrison, his wifeto mc~ kno~cn t~? he~ the~ ~~~r.on(s) dc~scribed i~i and ~~•l~o evec•uted thc~ ~ ~ - ~ fure~oiii~ insti•ument ~»Zd ~~ektio~t I~cl~~d ifeft?re ~ne 4l:at tr°Y c~~ec'uted thc~ s~inie f~r the i,urp~~,~• ~ tiierei~i espressed. ~ ~'i xF~.s m}• Iru~~i aud ~~ffici.~l :eal in th~• ~•uunt.~- .~u~l ~t.~tc• .~fc?i•E~,~?id thi~ ~oL~~ d~i~- of _ ~ „ ~.~.Q.. ~y . , ~ . ~ . .~f . , ~c. _ ~ ~tr ~.ommi~sion expires : - ~ ~otan• Public - ~ _ ~ ' !lQiARY tUBI l¢. S'iATE:~ ~ piEG~ ~ T3 ' ~ ~ THRI!_aC ~E Uhut.tri~ulEkS , ~ r~r ~~rV f j ) . 1. ~ " ' . • ' ~ ~ . . . ~ _ - : _ ~ _ ST~ft! ~k: •lEt,:;~iif0 _ ~t~::= . ~..liTY F~A. ~ " ' :ao c~ ~~'':s .°.:~~s o~~Rt ~ ~~==F . - , t ' o f k : ~ ~ ~ ~ - J', _ : F'Ee 6~ a3 PH J~ _ . Y:-: ~ ~ _ : . " 'i . t~ _ _ _ ~ v ati~ : ±""j •~y - :Ri 7M.iJ.1l-Y~• ~ ac~K 2~~ ?~act i~t~3 - ,