HomeMy WebLinkAbout1724 18~ Do~eoMr~r's Aiqht to R~iastai~. Notwitl?atanding l.ende~'K ncceleration ot tlie sun~e securecf by this Mort- ~
gage, Borrower shsll have the right to havc any proceedin~ I?cgun I,y I.ender to cniorce this ?Nortgage discon- ~
tinued at any time prior tu entry oi a judgment enioming tl?is \tortgage i!: (s) Borrower pays I.ender all sums ~
which would be then due under this Mortgage, tl~e Note an~i notex securing Future Advances, it any, had no accel• '
eration occurn~ci; (b) Borrower cutea all breaches oi any other co~'cnant~ or agrcements of Borrower contained in
thib Mortgage; (c) Bormwer payB all reasonahle cxpenses incurn~cl liv I.ender in enforcing the covenants and ~
agreements oi Borrower contained in this Mort~age and in enforci~R I.ender's reiueciies as provided in paragraph ~
18 hereof~ including, but not limited to, rpasonable attornev'~ fces; and Idl Borrower takes siicl~ action as Lender ~
may reasonably requir~ to assure that tl~e lien of tl~i~ \[ortRage. T.endcr ~ intemst in the Pro~~erty and Borrower's ~
obligation to pay the sums securecl by this Mortgage sl?all continue unimpaired. Upon such payment and cure by ~
Borrower, this Hortgage and the obligation~ sccured hcrchy shall ren~ain in tull force nnd eftect as if no accelera-
tion had occurnd.
Z0. l~asigament of A~nb; Appointmeat o! A~eeiv~r. As additional security hereunder, BorroHer I~ereby
assigns to Ixnder the rents of the Property, provided tl~at Borrower ~l~xll, ~~rior to acceleration under paragraph
18 hereof or abandonment of the Pmpert~ , ha~•c tlic right to collect And retain such rents as thev l~ecome due and €
payable.
Upon acceleration under paragraph 18 hereof or atutndonu~ent of tl~e Pro~~erty, L'ender shal) be entitled to ~
have a receiver appointecl by a court to enter u~on, take possession of and ~i~anage t,he Property and to collect the ~
rents of the Property, including those rast due. All rents collecte~i bv the recei~•er shall I~c applieci first to payment ~
of the costs of n~anagement of the Pmperty and collection of cents, includinR, I~ut not limiteci to, recei~ er's fees,
premiums on receiver's bonds and reasonable attorney's fees, ancl then to the sums secumd I~v tl~is \tortgage. The ~
receiver shall be liable to account only for thage mnts actually mceived.
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21. Futus~ Advmoc~s. Upon request 1?y Borrow•er, I.ender, at I.en~ler's option within twenty years fmm the ~
date of this 1~tortgage, may make Future A~h•ances to Borrow er. Sucl~ Future Advanc~, w ith interest thereon, shall ~
be secured by this ~lortgage ~~hen evidenceci b~ promi~on notes stating that said notes are secured hereby. At no
time shall the principal amount of tlie indebteciness ~ecureci I~v thic \iort~aRe. not includinR sums advanced in
accorciance herewith to protect the securitv of this ~Iortgagc, excc~i the original amount of the Note plus
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22. ReleQSe. Upon payment oi all sunu secured I~~ thi~ \tort~nge, Len~ier shall relexsc this ~iortgage without ~
charge to Borrower. Bortower shall ~?av all costs of rccordation, it :~ny_ ?
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The signer does not intend or expect to 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 laws of the ~
State of Florida. Should the acceleration hereof or any charges made here- ~
under result in the computation or earning of interest in excess of such ~
legal rate, any and all excess shall be aiid the same is hereby waived by the
holder hereof, and such excess shall be credited by the holder of the ~
balance hereof. ~
61LED RM~ nE"'Onp g
I.UCt: G l~l1~fiY F~~. ~ ~
kG;:~= ~~iz~AS ~ ~
GIERK C~ ~.~ut: COURj ~
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~ Ix `~~ITNF.SS `~~HEREOF~ Rorro~~er h~~ e~~cuted thi~ ~Iort~age. ~ -
~ -
~ ~ 2'78ti:s'7
~ Signed, sealed~~-~ ' ~ered -
~ in the pre n~f : ~ ;
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~ ~!~~~l~~ Z~~` G~~~~eal~ #
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- ~,%"GI~TAVO M. ARIAS -Bono~er '
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- - - ~~ll~G¢~G'.~ie.J;~ L~=~.C-~ (se:~~~
M RISELA D. ARIAS -~RORer
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-1021-~lamaica--Avetwe- - - - ~
~
Ft. Pierce, Florid~ - - -
Propert~ Address
~ STaz'E OF FI.ORIDA~ Marti n Count}- s• :
I l~ereb~- cert.ifr tl~.it on this ~la~•, h~foi•e• m~~, au ~~t~ie~r dtil~• :~uth~rized in thc~ st.ite :~for~~~.iicl .uul
in th~ count.-.~foresai~l to takc~ ~ekn~~~-lecl,enu~nt~, ~?e~:~on~ll~- :~pp~~are~l GUSTAVO M. ARIAS andMARISELA ;
~ D. ARIAS, h1S Wl'fe , to m~~ kno~~-» t~~ h~~ ihc~ p~r:~n(~) ~iesc~rihed in :~nd ~~•ho ~~c~~•ut~d thr
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forc~~oiiir insh•ument. a~id .~c~kno~t•le~l~e~l h~~f~n•c~ m~• that they c~~~~~•uted th~• ~am~• fm• tiu~ ~nn•~rr.
~ tliE'1•cin espressed.
~ ~~'tTxFSS m.- h~u~d and ~?flicial ~e:~l in tlu~ c•ouut.~• vul •t.~t~~ .~for~~~aid t.i • 28th d.~~- oi'
_ March_ , 74 ~
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~ ~'I~ ('ommissio~i expires : 7 /2 ~ c.~ ~J ' ~
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