HomeMy WebLinkAbout0465 18. Bo~owni
s AiQbt to A~instat~. Notwitl~standing I.ender'g aeceleration pi tl~e su~» securc~l by thi. ~ioct-
gage~ Borrower shaU have the right to have any ~~roCecdings 1?egu~ bv I.~ndec to cnfome ll?is ~tort~age discon-
tiuued at any tim@ prior to entry of a judgn~ent enforcing tl~is \~tortgage it: la) Bo~roN•er pays I.ender all sums ~
which would be then due under this Mortgage, tl~c Note and notea securing Future Advanccs, ii anv, had no ncccl- '
eration occurred; (b) Bormwer curee all bret?chea of any othcr co~enantn or agreeu~entR of Borrower contained in
tfiia Mortgage; (c) Borrower pays all reaaonable expensea incurnd liy I.e~der in enfoning the covenants and
agreementa of Borrower contained in this riortgage and in cnforcia~ I.ende~'s ren~eciica as provided in paragraph
18 hereof~ inciuding~ but not limited to, reasonablc attorney's fces; and (dl IIorrav~er takca ~ucl~ action aa Lender
may reasonably require to assure that the licn of tl~is \[ortgagc. I.cnder g intereat in tlie Fro~+ertv e?nci Botrower's
obligation to pay the sums secured by this ~iortgage shall continuc unimpaireci_Upon such ~?yme~t a~d cure by?
Borrower, this ?1lortgage and tl?e obligations becured licr~l~y gl~alt ren~ain in full foree and effect as it no accelera-
tion had oceun~ed.
Z0. Asagaaasat oi Aents: Appointmeut o! A~ceiv~r. As aciditional ~ecurit~• hereunder, Borrov?er hereby
assigns to I.ender the rents of the Pmperty, provideci tl~at Borrower sl?all, ~~rior to acccleration unde~ paraRtaph
18 hereof or abandomnent of tlic Property, ha~c tl~c riRht to collect an~1 retain sucl~ ~rnts as tl~ev I~ecome due and
paqable.
IIpon acceleration under paragraph 18 hereof or al?an~lonment of the Yro~mrty, 1.ender shall be entitled to
have a receiver appointed by a court to enter iq?on, take ~~ossession of an~l ~i~anage the Property and to coQect the
rents of the Property, includin~ those ~~ast due. All rent~ collecte~ll~~ the recei~~er sl~all i?e aprlied firat to psyment
oi the co~ta of management of the Propert~ xmi collection of rnnts, includinR. I?ut not limitecl to, receiver's feea,
premiums on receiver's bonds and reasonable attorney's fees, and then to tl~c su~m securecl b~ this ~tortRaqe. The
receiver shall bc liable to account only for those rents actuall~ rccei~•ed.
ZI. Futurs Advancsa. Upon reyuest 1~~ Borro~~er, I.ender, at I.ender's option Hitl~in twe~ty yeara fmm the
date ot this viort_gage, may make Fuh~re Advance~ to Borro~~er. Sucl~ Future Ad~•~nc~, ~~•ith interest thereon, shall _
be secureci by this ~iortgnge ~vhen evidencecl bv promi~.sorv notes stating that ~xid notes are secured hereby. At no
time shall the rrincipal amount ot the indebtecine~ ~ecurecl by thi~ ~iortga~e. not includin~ sums advanceci in
accorciancc herewith to protect the security of thi~ \~ortga~c, excc~i thc original ~mount ot thc Note plus
US:-------------
ZZ. Release. Upon payment of all s s ureci In thi~ \tortga~e. IAndcr sl~all mlease this \tortgaRe without
charge to Borrower. Borrower shall pa all c tc of recordation, if an~ .
Ix Wrrxgss ~'Ys~RSOg, Bor owe as executed this Diortgage.
Signed ~..~d d ered
in the r enee of
/ ~t. ! C .w.. ~ ~ ~ . _ ~.~~L~iZ~jrZ'~'(Sea11
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ou 1 VeACh Borro~er
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_L/ BorStoRer
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Jac e2ine 8~'V"each -
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Eori __St~-- I.ucies--Florida.----------33~452-----
- ProperEy Addre~
II .STATE OF ~10~ - -------------~~k1171 - - COllll~ 3S :
~ I l~ereby certif~ tliat on this day, before me, a~~ officer dul~• anthorized in tl~e state nforesa' an
~ in the county ttforesaicl to take acknowledreuients, pei~xonally appeared 3. DOUGLAS QEACR d
JACQUELINE_. E,_. V~ACH, _hie ~fsme known to Ue the person(s) described in ancl ~vl~o exe ted t
~ foregoing instrument and ackno~ledged before me that they execnted th~ same for ti~ ptn• ~c
~ tl~erein expressed.
~'Prr~j~~ m~ hand aiid ofi'icial seal i~? tl~e count~~• ~~nd st~tte e• d thi~ ? da~ of `
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