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HomeMy WebLinkAbout2111 19. Bottowes's Right to Reinstats. \u1~~•itli•t:~u~i~n}; l.~•mi~•r'~ :u•~•~•I~•ratiun uf In~~ •i~nr ~rcurt•d 1?~ thi~ ~t~rt- ka~r, Norro~~•rr ~hall h:~~•e th~• ri~;ht tu i~:i~~~• :tn~• ~~rix•~•i~lin~• In•~;un I~~• I.~•n~l~~r t~~ ~•n[or~•c• thi~ \lurt~u~~~ ~li•con- tinueci ut an~• tin~e ~~riur to ~•ntr~• nf u ~wi~ii~~•nt ~~nfori~i~i~ tl~i: ~lort~:~~;c if: I:t~ (i~~rr~~~~•~~r ~u?~•~ l.~•n~i~•r ali ~wu~ ~~•lurh ~~•ould 1?c tlu~n duc~ un~ier thi~ ~IortKa~;~~. 11i~~ i~?t~• au?~I nutr: •~•~~urin~ Hutur~• .1~1~•au~•~~•, ii t~~i~•, h:i~! no ,u~c~•!- ~ration occurre~i: ~I?~ 13orro~~~cr cuirs :il! !?r~•aclu•, of :iri~• ~~th~~r ~•u~•~~u:int~ or ukr~~~•~u~•nt~ of I;orru~~•~~r ~•ont:~iw•~1 i~? this \lortg:igc; 13orro~scr .iU n•:i•on:il~l~• ~~xl~c•n•c; in~•urr~vt Lc~n~l~~r in ~~ni'or~•iii~ ih~~ ~•o~•~•i~:u~t~ .iu~l :igrec?nents of Barro~~•er ~•ontaim~cl in thi: ~lort~~~~;e :ui~i i~i ~•nf~?r~•in~ I.~~n~lc•e'~ r~•u?~•~lir: ~?ro~•i~i~~l in ~~.iri~~;r.?~,li 18 hercof. incluriinK. I~ut not liiuitc~l to. rt~u~oi~:~l~l~~ :ittorn~•~•'~ f~•~~~: iuu! ~~t~ kurn~~~~c•r t.tk~•: ,u~~l~ ;u•tiun :t• Lcn~ter niuy n~x~onubl~• rcy~uirc ta a~~um tht?t th~• (i~n of tl?i~ \lurt~;:~~;~•. L~•n~i~~r'~ ii~t~~r~•.;t i~i tlu• }'~Y,~u•rt~• :iru! l3orm~~•er'~ oblig.~tion to ~u?~• thc ~u~ns •~,curcYl ht~ thi~ \[ort~;:i~;~~ •}i:il) ;•vizti~~~~~• uuin,~~:iir~~~l. ('~,ou •ii~•!, +r,iti•inrnt :unl ~•irr~ h~. Borrotcc~r, thi: \lort~;a~c• :uid tlie oblik8tion~ ~t~~•nm~l L~•r~•i?~• ~li:~ll m~u:iin i?i f~~ll fur~•~~ :uu1 ~•ti~~i~t u: if nu ,«•~•~icra- tion had occurred. ~ 20. Assignment of Renis; Appointment o! Receiver. :ul~litiunal ~~•~•urit~• her~~~un1~•r. R~~rru~c~•r I,rrrhr a:~igus to Len~ler th~• ?rnt• of the Pro~mri~•. ~?rcn•i~l~v1 th:it 13urn?~~~~•r ~h:~ll. ~~ri~~r ti? :u•~~~~l~~rati~~?i un~l~•r ~~ur,~~;raph 18 hcrcof or :ii?amioninent of th~• 1'ro~~crh•. hur~• tli~• ri~l~t t~r i•~~Il~~ct ;ui~t r~~t:ti~? ~u~•1? rc~nt> :t~ tl?i•~• I~crr~?n~~ ~1u~• an~i pny~blc. ~ ' Upon ac~~~~lcr:~tiu~z un~te~r ~~:irx~ra~~li i8 h~•re~of ur rih:in~:e?nn,<•?~t e?f tl~~• Pro~~e•rt~•. L~~ndt~r •h~~)1 h~~ ~•ntitletii to hzre a mceirer:~~,~?oit~tc•iI ~/1' .t C0111't t0 Pnter u~,nn. t:ike ~~o:,i~~~ion of ;ui~l iu;uuik~• th~ }'ru~~ert~• :if11~ i0 l•oI1~~M thc~ rents of th~~ Pm~iert~•. in~lu~iin~ tl?o~e ~r.t~t ~tuc•- =\II r~•nt. r~~llect~~l 1~~• thr rc~~•eir~~r ~hall I~~• :ipy~li~~~l fir~t tu jm~•n~~~nt of the rosts of ~niit~x~em~nt of the Pro~?ert~• :~n~i ~ollectiol~ of mnh, in~lu~ii~~~;, hut not liniitc~l tu, re~cei~•er'~ tc~~~. premiwns on mccirrr'~ ilon~i~ :tnd rea~on:~hlc~ :i?tornr~•'~ fc~~~, smi thcn to tfn• ~im?~ ~~~cur~•~i 1?~• thi~ ~lortfiat~. 'fh~• receiver shnll he lishle to iic~oiint onl~• for tho~c~ rc~nt.:~~tuaN}• r~•rc~i~•c~l. 21. Future Advances. l~pon rec~ue~t t,~• Rorru~cer. L~•m(~r, at Le~n~i~•r'~ o{ition a•itl~iu hr~~nt~• ~e~ir~ froui tiie dAte ot thi~ \IortKaKe. n?a?~• make Fut?ur .1d~•auce: to Rorro«•rr. ~u~~li F~tturr .~~i~;irtcc:, «•ith inte~r~~:t thereon. shnl! 1?e ~ecured b~• tl~is \lurt~a~;e ~~~!?en e~•i~levzcc~l 1?~• ~n•o!ni~~~?rti• uot~~~ ~tatinK tl~att ~r~i~t not~~~ am ~rcur~Yl hemi~~•. At nc time ~I~.zll thc prinri1~31 nmount oi tl~~• indchtc~i~~~•:: •~~~•urc~~l I?~- thi~ \iort~aR~~. n~it in~lu~lin~; ~u~u~ :ul~•anccrl in :icconiance hem~~•itli to ~?rotect tlu• ~e~urit~• of tl?i~ ~[ort~ae;c, excei~l th~~ ori~;iu:tl a~uu??nt of th~~ \ote ~?lu~ usa 8~~so,oo . 22. Release. t'pon ~?a~•mcnt of all ~un?..e~ur~yl 1?~• tl~i~ ~tort~;:~~:e. L~~rnl~~r ;hall mles~c thi. \iort~~~?e t~•ithout charge to Borro~~•er. Rorro~.•e?• shall ~?s~• .ill co~t~ i~f rc•c~?niatiou. if am~. I~ 1~' IT\ F.~.~ l~'rtF:sr:or•, Bot•ro~~•er h.~. ~tec•i~ted rl~i~ lf ortg~~e. Sigr?ed, sc~~led .~nc~ delivered in the presence of : ~ - - - "s--~--_-r _.e---.Q ~c.~/ ~t~ ` Eugene S91VSgII0 -Borrower ~ , ~ _ - ~ - - ~ _ t ' . - - - - - - - - ~ ~iJ«'y'1~`"H~ Seal ) Palmira Salvagno -Borrower - - ; _ ~ - i --107--Rio-Y-ista--Drive---- - ; Ft. Pierce, Florida 33450 ; - - - Properiy Address ._'TaTF: oF Fr.oxma, Indian River Coitnt~- ss : , I hereb~- certif~• that on. this d;~r, h~forc~ me, au ~?ti'ic~~~r dulr .u~thorized in thc~ state :ifore~aici aud in th~ eount.- :~f~~re~aici to take a~•kn~~~~•led~,e~nrnts, person;ill~• :~pp~•arecl Eugene Salvagcto__and _ PaLnira Salvagno,his wife, to m~ kna«•n to hc~ th~ p~r.on(c) d~scrihed in and ~~•l~o e~ecuted the fore~oing instrun~ent auid ackno~rl~~~l~~d f?c~forc~ nu~ ti~at they es~cuted the ~anu~ for the~ Inn•po~r therein ~tpressed. ~~'iTr;~~;~~s tn~-~l~:ind ~?u~l ~~tTici.il .eal in tli~• ~•~?unt.~- ;uui •t.?t~• afor~~, iid thi~ ~ d~i~- of ~ v~~~,C~ , ~ y 7`~ . ~i~- ('ommission expires : 3~~~ ' 7 7 ~ i ~ 1 ~.~U~J~.L.~ \ota Public NOTARY /JDII~ STATf OF FIORIDA AT I~Rt3E ' MY ::`~~+.1~~5. rvr. u.e te. ton . toNQfC _ • . . _ :C- „ . _ ;aeres~ - ~ ~ j, J - _ : 'v ` . Q' r ~ ' _ . F: t' .1 , _ ' ~ ` ^ . . i •J~~~!/r.,~ Jj : ~ f` r ~ t. i'.,~~ ~Gf!?~ ~T.[U'; •,:~ti:7 FLA. ~ v~~ ~ ' ta ~RJ ~ 4r t - NA~ ~ ~ ~ aH ~r~ ~ b _ IIIF-;M-17-))-V~r - : 224 ene~~~0 a r--_ _ ~ _ _ _ ~ , _ ~ _ ~--r~. .s._ ~ ~ ~ ~ ~ ~ ~ ~ ' ~ ~`"~~~~3'~s~~~~`~ r^'"~~v~t~~'"`~'`~~ 3 ~ ~ d , _"r~~;t ~'";,~'a-~~" c.