HomeMy WebLinkAbout1536 18. Borrowsr's Right to Reinstate. NotH•itl~st:~~?~lin~ l.~•ml~~r', u~•celernuun o[ tlu~ :wus .~~cur~yl b} this ~iort-
gage, Borro~ver ~I?all ha~•e tl?e riKht to I~i1~•~ any ~~ra•.~~ylin~;• IK•Ku» 1~~~ Lc•n~1er tu ~~ufor~~e thi, \IonK~~e discoi~-
tinuecl ~t nny time ~?rior to entr~~ of a ju~lg~ucnt enfor~~in~ thi• \IortKaK~~ ii: iu~ l;orro~~•cr Lrnder :ill ~su~u~
~chieh would ?~e then due under this ~IortRaKe, ihe \ot~~ anii nute~ ~~'CUl'111F; F11~111't' :~1I\•unr.~:. ii am~, hrut no :~crel-
eration occurre~i: Ib) IIorro~~•er cur~•s ull bmach~•~ ot iu~~• other eu~•~~n:?nt~ ur ukr~~~~iu~•nt• oi tiorro~~•e~ contuined in
this \tort~age; ~cl Borro~~~er pays nll reasunal,lc cx~~cuse• incurm~i 1,~• L~~u~1~•r iu enforcin~; tli~~ co~•~~nxnt~ aud
agreements of BormH~er contninc~i in thi~ \Iort~agc iuitt in ~~nfarink Lender'~ re~ue~lir~ :t~ ~~m~•id~~1 in ~~uraKraph
l8 hereof, includink, hut not limited to, reasa~xhl~~ attorne}-'~ f~~~~~; un~l ~~1~ lic?riY?~~•rr tuk~•: ~u~•h action :t~ I.ender
n~ay rnasonably rcc~uire to ns.~ure that tlie lien of tlii~ \lort~;a~;e. L~~n~1~~r'~ inter~~~t in th~~ 1'ro~?erty :in~i 13orro~~•er'~
obligation to pa~ thc sums securcd b~• this \lortR~?Ke •lu?il cantinu~• unii~i~r.+irc~l. i'~?on :ucli ~u?~•m~~nt :~n~l c•um b~•
Borrouer, this ~IortKage and the ohligatio~ti~ ai•eure~l h~~~rh~• .h.~ll ir~nui~~ in iuli fnme :u?~I c~f~~~ct :i, if n~~ :?c~elera- -
tion had occurred. -
20. Assignment ot Rents: Appointment of Receiver. :1• :ul~litiona) :e~urit~• herc~un~i~~r. Rorrc~~~•~~r hereb~•
ussigns to I.ender the mnts o[ ihc ProPert~•, ~~m~•i~ied that Rorro~~•~~r ~hull, ~?rior tu :i~•c~~icration un~lc~r ~uir:i~?rapii
18 hereof or abandonment of the Pro~?erh•, hti~~c~ ti.i~~ ri~ht to coliect an~1 retHin ~ucli rent~ u~ tlie~•~ become ~iue an~1
URyRb~C.
~ Upon nccelerntion under pnr:~Rr3~~l~ l8 hereof or xi?:uulon~uent of tl~c Yro~?crt~~. Lender ~ha~ll b~~ cntitlcYl to
hn~•e a recei~~er 3p~~ointc~i b~~ a court to cntcr ~q?on, take ~~o~r~~ion o[ an~l iuana~c thc Yropert~• un~l to eoll~ct thc
rents of the Pro~~ert~•, ineluciin~ those ~~:t~t due. :~il re•nt~ eo1leM~vl h~• the• ireei~•er shall I?~• ;~p~~li~~ci firnt to p:?vment
of the costs of management of the Pm~~ert~ :incl collcction of mnt~. inclu~iin~;, I?ut nat limite~l to, m~ci~•er'~ iees,
premiums on recei~•er's bon~1~ and rea~onal?Ie attorne~•'~ fers, .u?~I thr~~ to the• suu~~ .ecure~i tlii~ ~lort~a~c•. The
rECeiver shall ire li~ble to accoimt oniy for those rent~ nctuall~~ mcei~•eci.
al. Future Advaaces. iTpon requcst by Borro+~•cr, Lender, at I.cn~icr'~ oPtion ~rithin t~~~ent~• ~e:~r irom the
date of this \Iortgage, ~ua~• make F~iturr ~~d~•ance~ to Borro~~•er. ~ucl~ Future ~a~~~•ance~, «•itl? intere~t thereon, shall
be secureci b~ this ~IortRa~?c ~~hen c~•idcncc~i h~• ~~romi~~or~• notc~ .tatin~ thnt ~sid note~ am ~ccured heml>~. ~1t no
time ~hall thc Principal amount of the indebtc~clne.~ ~c~~~~n~l h~ thi~ ~Iort~n~c. not im•lu~lin~ sum~ :~~h•anceci in
accorclance heren•ith to pmtect thc ~ecurit~ of thi~ \Iortga~e. exceiYl the ori~inai amount of the \'ote plus
US i. ??_~000.00 _ .
22. Release. L'pon pa~~~nen! of t?Il suni, ~e~mr~i h~- thi~ \IortRa~e. Lrndcr shaill relca~e this ~[ortga~e ithout
charge to Borro~~~er. Borroner shall all cost~ of reroniation. if an~ .
IN `~~ITI~ES.S ~~''HF.REOF~ Borro~~er h.~s etecuted this ~liortgnge.
Sigmed, sealed and deli~•ered _
in the presence of : ^ ~ ~
-l- --me' - - ~"o-~G-'~` ~~l - ~sea»
w Robe t R. Rider -Borrov~er
. ~ '
- ~.1.~,~ - - -,G_G_c~s--- - - - _ r. -"G~ ~~C~~ (Seall
- Peggy ~ Rider -Borroper
St. Iucie__A_v__enue_
Ft. Pierce,_Florida
------r>------
Property Addresg '
~ STATF. OF FIARIDA~ Indian River Connt~- ss :
f
: I hereby cert.if~• tl~at. on this da}-, befoi•e mt, a~? oflicer duh~ .~utl~orized in tl~e state aforesai~l a~id
s in the count~• af~re~aid to take .ickno«•lecl~ements, personall~- appeared ~bert R. Rider and Peggy
° S. Rider, ~his wife , t~ ~ile kno«n to he the person(s) described in and ~vl~o e~ecnted the
~ foregoing instrnment. and acknoj~•ledged beforc~ me tl~at they c~~cuted the same for tlie purpos~~
~ ~
~ therein expressed.
~ ~PiTxF ~ m~- hand and ot~'ieia~l ~eal in the ~•otrnt.~• :~n~l .t.~te .ifore~;iid this °Z~ _ da~ of
~ F . - - - ~ 19 .
~ t'1 ~ ~~t../
~ty Commission expires : 3 - ! ~ ` ~ r] -
~ \Tot Public " •
`t,~atuu~„~~„~~~ ~i t
NOTARY PUSUC StATE Of FLORIDA AT l~?RGE ti' ~~bI~ ~~i~
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