HomeMy WebLinkAbout0717 19~. Dorrowu's Right 1o A~inslai~. Itotw•itl?s~undinR I.eu~lcr'• acc~•lf~rxtion ui tl~r ,uu~.. •ccurc~i 1?y this ~lorl-
gage~ 13urrower J?all lu?~•e thc right to I~a~•~ i?m~ ~?r~x~~~.ri~n~. IN•Kun I,y 1.~•n~icr to cnior~•e this ~lort~age discon-
tinued •at any time priur to enirp of a judg~ucnt cntorcinR this ~lort~aRe if: la~ Rorro~ver pays l.cnder all sums i
~~hich would be then du4~ under tl~is \iortgage, tl?e :~otc un~i not~~ u~curiuR Futurc :~d~~:?ncc:~, ii an~, had no ncccl- ;
eration uccurmcl; Ib1 Bormwer ci~n..~ all breac~?~~; of :~n~~ utl~er ~•u~•ei?t.nt~ or a~n~~we~t. oi 13orro~~•e~ contain~d in ~
this ~tortgage; Icl Rormw•er pa~•. ult masonnhle ex~~cusc• incurnvl 1?y I.rnder in en(orcinK the co~•enunts und i
agrecn?e~ts ot Borrower contained in tliis ~lort~u~e ~u?d in cntomiii~ l.cuder'~ mw~ylic• u~ ~~rorid~~ci in ~?xr:?gru~?h ~
18 hereof, including. but not limited to, reasonubl~• attlornc~'r f~Y~; nn~l ~~il 13urn?~~•cr takc~ ~ucl~ uction as l.en~tar
~ua~ masonably mquirc to t+aum tl~at the licn of thi~ \lortRaRc. Li~ndcr'~ intcm~t in tl?~ Yro~x•H~ and Borro~~cr'~ !
obligation to pay the ~ums secumd by thi~ ~[ort~uRe sl~all coMi~ue unin~~?uinvl. L'~wn sucli ~u?y~uent an~i cum h~•
BorroRCr, this \(ortgagc and tlic ol?liRatioir .~cur~ri hcml~~• ~h:?1! ir~nain in full fare~ ruul ~ffc~ct t?.~ if no aci•clem-
tion had cecurred. ;
Zp, Assignment o1 Rents: Appoiniment of Receiver. a~ldition:~l ~~~urit~• hemun~icr, Rorm~~cn c~•mf?~•
ussigns to 1.ender the rents ot the Pmpcrt~•, ~~m~•i~cri that Rorm~~er ~hall. ~?rior to ~ccelcnuion und~r ~?ar:~~;n~ph ~
18 here~~f or nb~ndonment of the Yroperly. ha~•r tlu~ ri~ht to caqect an~l mtnin ~u~l~ nnt~ n.~ tl~ey become ~l~te .~nd k
payable.
' Ppon accclerntion under pnra~rnph 18 hcmoi or ubxud~nment uf tlie Yro~~~rty. Lernler shall lu~ entitlcd to ~
1?a~~e n recei~cr n{?~~ointeY! 1?y s court to entcr iqxin, tnke ~~o.csc~~on ot nn~l u~:~ni~~e tlu• I'ro{~ert~ itn~l to collect the :
m„ts of the Pro~~ert~•. inrludin~ those ~~sst due. ~11 ri~nt• collcxt~Y1 b~~ the recei~•er shall 1?c• ,~i~~~licci fint to ~~ayment ~
ot the costs of ~uant?grment of the Propert~• and collection of rcnt~. irtcludin~, hut not li~nite~t to, recei~•cr ~ tees. ~
premiums on mcei~•er: t~on~i~ and ma~onsl?lc nttorne~'s fces, and then to the sum~ ~~~curc~i hr thi~ \Iort~aKe. The ~
teceiver shali be linhle to account onl}• for tho~r mnis nctunll~ mcei~•ec1. ~
21. Future Advcmces. L'po~ request i?~• Borro~~er. I.ender, at I.cnder'~ uption ~~ithin twenh• ~ea~ from thc
date of this \iortgage, n~a~ make Ftdure a~1~•ance~ tu Rorro~~•er. Sucl~ Futam Ad~•ances, ith intemst thcteon, shalt
tK; secureci b} this ~tort~ap,e ~i•hen e~~idenccri h~ ~?rou~i:~or~ note~ statin~ thAt ~zid notes nm secureci hemb~. At na ~
time sl~all the principal amount of tl~e indehtc~lnc:~ securcyl hr tl~i~ \1ort~aRe. not includinR ~unu ~d~':?nced in ~
nccordance hemnith to ~~rotect thc securit~• of thi~ \IortRa~c. exceccl tlie ori~inal a~mount of the \otc plus
USi .7,500...Q0__ .
22. Release. L?pon pn~ment of all ~un~.~ •ecurcrl I?~- thi~ ~tortk~~Ke. Lender ;lu?II mlc.~.,c this ~iortga~c ~~ithout
charge to Borrower. Borroner shall ~~ay nll cost~ of reconlation. if ~np. ;
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I:~ ~VITAES.c `~'IiEREOF~ Rorra~~er ha~ executed this \tortgagc. ~
~
~
Signed, senled and deli~~ered . >
in the r sence of :
L - G! _ (~1~
~ - - - •
- Borrower
\ Aa ld Wilmott ~ ~
~ - e... . . . . _ ~ (~11 '
--~y.,~,,,.~---~-- r~'-- f~1~e;~_
- -
~ Josephine Wilmott -BO"O"e`
---32Q4._Je.~~ey_--~~-~---
Ft._Pie=ca~--F~- -
Property Address
_
' ~TaTr: oF Fi.oRm~, Indian River Count~ ss : ~
- ~ ;'s
~ I l~ereb~ cc~rtif~- tl~at on this da~•, betore me, au ~fli~er di2h- auth~rized in the state aforesaicl .rnd
i~i tiie ~ount~• .~fore~ai~l to take ackno~rled~e~n~~nts, person~tll}- apprared HAROLD iiII~TT and „
,TpSgpglNE illIliOTT, his wi~bo m~ kno~c-n to b~~ th~~ ner~on(s) clP~eril~ed in anct ~ciso e~e~uted tl~c~
?are~oin~ instr~in?ent und ~ickno~rled~ed hefore n?e tl~~tt they ex~~euted th~ ~ame for the piu•po~~•
therei~i erpress~ 1.
\~~ITNE. m~- h~incl and ~?t~'ici:~l .e.il in th~~ ~•ount.~- .~nd ~tut~• <<fores~~id thi~ aH) af
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