HomeMy WebLinkAbout2656 . ~ % ~
, E . . . K
. ~
~ 19. Borrowei
a Right to Reiastato. \ot~~~itl~stan~iinK IAn~l~r'c itcccleration ui tl?e ~uu~s secured by this \tort-
'e~ gage, Rorrower ~hall lu?~~e tl?e rigi~t to hu~•e an~ ~?roce~riinKs heKun 1?~• l.c~nder to enforce this \tortgngc ~liscon-
o tinued at uny tin~e prior to entry of a juctg~nent enfominR this llort~a~;e if: ~a? 13orro~i•er ~~ays Lcnder all ~un~.s
w ~~hich would be then ctuc un~ler tl~is ~[ortgaRe, thc ~ote nnd notc~ ~~~curiuR Futun :1d~•i?nc~•s, if tin~, had no acccl-
o eration occurred; ~b) Aorrower cures ali breachci: ot Hny ~~tl?er co~•cntint~ or u~meincnts oi i3orro~+~cr containecl in ;
~ this ~lortgage; (c) Aorrow•er pa,ys atl m~~onahle ~~xren~es incurreci t.ender in ento~cin~ the co~~enants and ~
~ agreemcnts of BorroHer containe~l in thi, \1ortRa~c :?ud in ~•nforcin~ I.cn~{er's mn~eciic~ a~ ~?m~•idc~l in ~~aragrsi>li ~
18 hemof, including, but not limiteci to, rrasonxi~le attornc~•'• fce~; uml l3~~riti~~~•er t:ik~~. .ucl~ :?Mion us I.ender ~
~ may masonably require to xssute t1~at tlie lie~~ of this ~1ort~:~ge. I.ender'~ intem~t in the Yros?eM~' ii11~I RpfTO~VCT~F ~
~ obligation to pay tl~e sums secure~i b,y this \Iort~:?ke .hall continuc ~miu~~?,~ire~i. i'~~on sucli ~~~~ment ami eure b~ ;
~ Borrower, tl~ic ~tortgage and thc: obligation~ ~ecurc~l hcirl?~• .lr?li ~Y•m.un in full torec an~i ef~f~ct :is if nu :u•celcrH-
tion had occurred.
c_s
~ 20. Assignment o~ Reats; Appointment of Aeceiver. a~lclitiounl ~ecurit~• hereun~ier, Borro~~•~r hemb~•
~ a:~signs to ].en~ier the rents ot the Pmperty, ~~ro~•i~ic~ that Borrower ~hxll, ~~rior to :i~cclerntion undcr pari~raph
18 hereof or nbanilom??ent oi the YroPert~•, ha?~•c~ th~~ ri~tit tu coHect an~l mt.iiit ~uch mnt~ n~ the~• 1>eeo~ne due and
payable.
' Upon accelerution under part?graph 18 hereof or abandonu?ent of thc Yro~iert~•, Lender shuli f~c rntitleci to {
have a receiver t~ppointed h}~ a court to enter uron, tak~ possec~ion of nn~1 ~uana~e thc Yropert~ an~1 to colleM thc
rents of the Pro~~rrt~, includin~ those ~~:~st ~1ur. .~1! ~rnt. colleMcYl h~~ tlu• recei~•er ~hall hc~ a~~pii~~i fir~t to pa~•ment
of the costs oi management oi tl~e Yro~~ert~• <in~l collcction of mnt~, includin~, hut not limited to. mccirer'~ fee;.
premiums on mccivcr's bondr and reasonnble :tttorneti•'~ fee~, 21111I tI1Pl1 ~O tI1C ~~u»• sccurc~l bti tl?i~ \iortRaRe. The
receiver shall be liable to necount onlv for tl~a<c rents actualh• mcei~~e~l.
21, Future Advaaces. L?~~on request br Borro~~•ei•, Lendet•, ait I.euder's optiqn ~rithiii t~~•entti year.• lrom thc
date of this ~lortguge, ~~~a~• ~iinkc Futum Ad~•ance~ to Burro~~•c~. Sucl? Fuhim ~~~i~•.inces, «•ith intem~t thereon, shall
be securecl bv this ~Iortgnge ~vhen eridencc~i 1?~• ~~romi~ on~ nates ~tatinR that ~xid note~c :~r~: securecl hcreii~•. At na
time shall the Princip~l ~mount of the indel?tedne:~ ~ec•umci 1~~~ thi~ \fortga~c. not inclu~in~ s~m~s ad~•nnceci in
accordance hereRifh to ~~mtcct thc ~ecurit~• of thi~ ~(ort~a~e. ex~eecl the ori~inal amount of the ~ote ~~lus
US E 10, 750.00
22. Release, t?pon pa~•tucnt of all sun~s securcyl l?~ thi~ ~tort~;x~r. Lcrnirr shall relei?se this \tort~~~e ~rithout
charge to Borroner. Borro~~er s}IA~I ~)R~ RII COSt~ bi' reconlntion, if .in~ .
i
~
I~ ~YITNESS ~~~IiEREOF~ Borro~~ er l~ns esecuird this ~tortgage. _
;
Signed, ~ealed ~nd ~lelivered
in the presence of : '
. ~j
C- ~ ~~i
~ ~`-~~1. ;
- - - - - - =1 _ - - - (Sea11
hn M. Baggett -BorroWer
;
~ . '
_ ; ^
~
1i22.G~ • ~ - - - -=~~,l~L1
-~~`-=t~--------------- (Seall
Linda L. Ifaggett -Borrower
Kenwood Road
~
f
Ft. Pierce, Florida 33450 5
- - - -
Property Address
STATE OF F7ARIDA~ Indian River Count.~- ss : ,
I l~ereb~ certifi fl~at. on this da~-, l~efare me, :~n oti'ic~r dul~• autl~orized in the state :~foresaicl and
in thc~ cotmt~ af~resaid to take acknou-leci~e~i~i~iits, ~~ei•son~illl• appeai•ed _ 3ohn M, Baggett__and Linda
L. Baggetti. his wife , to me known to be the pc~rson(~) cleseribed in anc~ ~v}~o exeeuted the
f~regoing instrument and ackno«•led~~cl hefo~•~ me tliat ~~~enuted the same for the pu?•pos~~
tl~erein ~spressed. 'th
~ 1~~iT Fss ms- hand aiid offiei.~! ~eal i1? th~ ec~unt.~- .~~ul .tate afore•aid thi~ . ~ da}- of
~ F~~,u,~; - - , ~9 ~y _
~ ~ c~/~~
• ~
' v _ ~ ~ +.DJ~ ~ ~~C:.~W `~~-i'-• . .
~i~ ~i i n 7 'V ' ~ -
omn ss o expires: 3 - - - -
~ ~ \ota ~ Public ~aa""~",,,,, ~ ~
- , , 1~~ • ,
~ _ {
NOTARr ?U6tiC STATE OF fl(lIf10~ ~~~GE
• • rw'--
MY Gnuµ«c~pV fX~ns~ yi~~ ie. 1~77 ~ ~O • : ,
M~ND[D ~M~U G:N`. ~iSURANCE UNC_RwRItER~ , J• ~
:
~ _ ~ ~ :
~ - ca' Q~ J; K~
! =r~ O ~ ~ '
~ - = 2 = =r ~4~ , _
f ~ j'~F,
, S ~
-
j ~~~/fNr~n"` ~
~ F1itJ f ti.' ri `.,I~ ~
~ ~T~~U~;i ..~till~Y~~~, L ~
Y
~ ~ c~~, . : ,:;;r eo.=ai ~
~Fn~.F:r .F- c _
- -*-,~e..+s
~ F~~ 13 3 4~~H'1~1
2'746'71
~ r~~~+ ~
- , ~~e,~ PAGE ~V JU
- ' IqF.7N-f1-7l-Y~/