HomeMy WebLinkAbout2311 18. Borrow~i s Right to A~stai~. Notwitl~rttiu~lin~; I.~n~lcr r xccclc~~?tiou uf th~~ •um• r~~•uiY•~1 I?v ~I~i~ \lort-
6ugc, Rtirro~~cr rbull h:?v~ thc ri~lit to ht?~•c t~nv ~?r~c~~cvlin~,~ Ix~un h~• 1.~•n~lcr b~~niu~rr thi~ ~lort~u~;~• ~li~cun-
tinueci u~ :~ny tiwc ~?rior to cntrv ot n jud~nucnt cotorcin~ tliir \{~rt~u~c if: Inl Rorro~vcr ~?ayr lA~n~icr nll •unr.
~rl~ich ~vould I~c tl?en ~luc under tl?ix ~tortgA~;e, th~• \'M~• :uul ~wtc~x Kecurin~; Futum :1~Iv~u~~~•r, it unv. li;ul n~~ :~rri~l-
eeation occurrecl ; 1 hl Rorrowcr cureR nll hmnchc+t of ~~nv otlirr mr~•nunt~ or :~~rn~mentr of l~o~ma•cr ~•~?nt:?in~yl iii ?
chis ~tortgagc; 1~1 Rorroa•er pnvg all rci~.~on:?hlc ~•x~icn:ic~: iu~urr~rl hv i.cn~li•r in r.ntorrin~; thc ~~~•cmu?t~ ;in~l '
agreeinents of Borm~~•cr containeci in thix ~tort~n~c :?n~l in rnforcin~ l.c~xier'u reu~alic~: i~.~ ~~rovi~l~yl in 1?~?r+~~;r:~ld~ ~
18 hercof, includinR, hut not limited to, masonaldc :ittornev'r t~~~x; an~l ~~ll Rorrowcr tuk«: ru~h :?~tion t~~ l.cn~ler
may ressonably requirc to ~sum that~ tlw licn of fl~ir- \lort~n~c. I.cn~lcr r intcrc~t in tlic ~'ro~~crt.v nn~l Aorrowcr'~ ~
obligation to ~~ay the ~uins securec~ by'tl~ia ~tort~a~c rhall continuc uoi~u~?uicrcl• tT~wn ~ucl~ pavment an~l rurc h~~ ~
Borrowcr, thiF \tort~a~c nnd tl~c ol~ligationr ~ccural h~•mh~ •hnll mmnin iu full forcc ~~n~l cPFect ur ii no a~~clcrn- ~
tion had occun+ed. ~ ~
Z0. Apiqnaaeat o~ Renb: Appointmeat of R~ceiv~r. :idditionnl •ec~irit~• 1?cccundcr, Borro~~•cr h~~mh~~ ~
:?ssigns to T.cndcr thc mnts ot thc Pmpcrty. ~~mvi~l~r1 lhnt Rorn~NCr ~hull. ~~rior to s~ccclerntion an~lcr para~rarl~ ;
18 hereof or abnndonment oi thc Pcopcrty. hn~•i• th~• ri~ht to ~ollect ;?n~i mtain ~u~h mntr A.~ thc~ l,c~oum duc An~l
payable. ~
Upon acceleration under ~u~ra~raph l8 hercof or :tbno~iomncnt of thc Yro~~erty. I.endcr ~hall Ix~ entitlc~l to ~
have a receiver n~~~~ointed hy court to enter a~~on, tnke ~~~c~sion of and mnnti~c th~• YroreH~ RINI ~A cO~~CP~ tllc• ~
rer~ts ot the Pro~?ert~ . includinR tho~e ~~A~t itue. ~ll mnt~ collertc~l 1?~• the rccei~•cr ~hnll ~K• :~I~I~lial fint b pnyu~ent
of the costs of u~anngement of tl?e Prot?ertv au~l collection of mnt~, includin~;, I~ut not limitc~i to, recci~cr'~ fee~.
premiums on recci~cc's hondF nnd reasonnblc nttornev'~ fcc•. .~n~i then to thc ~w»~ ~ccurcYl by tl?i~ ~tort~aRc. TLc•
receiver shall t~e linblc to account only for tl~osc mnt~ nctunllv rcrci~~ed.
Zl. Futur~ Adva~nees. Upon request hv Aorm~rcr, l.en~icr, at I.en~ier'~ option ~rithin t~vcntv yca~ irom thc `
date of this ~•iortgage, n~ay make Future Ad~ance~ to Borro~~er. Sucl~ Future A~ivnncc~, ~~ith interest tl~ereon. sliall ~
be secureci by this ~tortgage ~vhcn e~~idence~i h~ ~iromi.~on~ notc• ~tatin~ that wi~l notes am ~ecureci herebv. At nc y
time shall the ~~rincipal nmount of thc indebtedncs~ ~ucccl by this \tortRn~c. not inclu~linR ~um~ a~i~•anccci in ~
accorclance hemnitl~ to ~~roteet the seeurity of tl~i~ ~1ort~aRe. exeeec1 tl~e ori~innl nmount of the ?~ote ~ilu.~
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. Z't. Aebacse. Upon pAyu~ent of all sunis rccurc~l h~ thi~ \tortRnRc. IAU~Icr ~hall rclc:~sc this \'[ort~a~c ~~ithout ~
cherge to Borrower. Borro~ver shall Pay all cact~ of recordation, if nny. ' `
IN WITNSSS `~HEREO~~ Borrower has execnted this Mortgage.
, sealed and live ecl r
e preaence of : -
~..J l~t.~-~C.. (Seal~ _
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AIDYS ld. IaAN~1 Borrower
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- -Borrower
GIIAIIAI~T" A. DAriA
--------1~00_ SeaWa~r--I~ive - -
Fort Pierce~ Fl.ori.da
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4 ProPe*CY Addre~ '
~ ST~~ oF Fi.oams, . _ _ ~waz'a . County ss :
~ I herebvi certifv tl~at~ on this day, before u~~, i~n offic~r dui~ authorized in the state aiforest~id ~rnd
~ in the count~ ~foresaid to ta e ackno~~lecl~;emcuts, ~~ei:~onall~ appcarecl W_ ~A- and -
GUAI]ALUB M.A.__DANTA~ h~w ~ to me kno~vn to lx~ th~ person(R) de~cribed in ~nd ~vho exe~utrd th~~
~ foregoing instrnment and acknowledged beforc u~c that~ ~~Y executed the same for the l~~n•~i~~~~•
therein expressed.
1'VrrxBSS my l~and and ot~cial seal in thc couiit~• an . c aforc~aid thi~ . ~t~~'
March 19 - 74-- , • .
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~Iv Commission eapires : ,
~Pi07ARY PUBL~_~ STATE OF FLORIDA AT U1RGE • \ tary Public
MY COMMISSION EXPIRES NOV. 17. 1975
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ASSOCIATEO TITI-E GITY BANK BUIIDING
WgUqA1VCE ~200 NORTHWEST l6th STREET ,
~ A~S~~C. LAUDERHIIL, fLOR10A 33313 , . - •
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