HomeMy WebLinkAbout2365 l9. Boreo~ni s Right to R~instat~. :\ot~~•itl?stxrniin~ I.eu~l~•r'x xecelerution uf the ~?t~~~a ,ectuY~l bv tlii~ ~lari-
gage, Borroner r•hHll 1?i~~•e thc riRl~t to I~a~•~~ ant ~?tuc~tivlin~ fK~~;un I~~• l.cndc:r to ~~nfurc~ tl?ir~ \lort~age ciiscon-
tinueci at any tinie prior to entry of A jucig~ucnt enforcin~ thi. ~lort~;a~e if: lal Borro~~er pa~~~ l.cnder nll sums
~~hich Hould t~e then ~1uc iindcr tl~is ~ioMga~e, thc ~otc nn~l not~~ ~MUrinK Futurc ~\d~•nnre., if an~, l~ad no nccel-
I erntion occurrc~l; (b) Borron•cr cures nll bmacl~c• of :~n~~ otl~er co~•enunl~ or a~mcn?eM~ of B~rro~~•er containeci in
~ thia ~Iortgagc; icl Borro~~•er p~~s nll nnsonai~lc ~~~~icusrs incurrcrl I?y I.cndrr in entorcin~; thc co~•cnants and
~ agreen~ents ot Borro~~•er contained in this ~(ortRage iu~~l in cntomiuR 1.~•nder':~ mwaii~~ as ~~ro~•idecl in ~?aragraph
18 hereot~ includin~, but~ not li~niteci to, muson~~l~le i?ttornt•~•'r t«~: an~l i~h Borrower tal:cs ruch nction aQ I.ender -
msty masonably rcquirc to »~utr that thc licn of tl?is \lort~i?~c. L~•ndcr'~ intcrc~t in tl~c Pro~?c~ty xn~i Borrower ~
~ obligation to pa~~ llie sums ~cured b~ this \IortRa~e sl~all continue uniu?paire~l. t?~ion sucL pay~uent and cure b~
Borrower, tbis ~Iorigage nnci tl?c obiigntion• u•c~uYyl hcrehi• •h:~ll m~?uiin in full torce and efTeM a~ if no accclcra-
~ tion had occurred. .
ZQ Assiqament of Rents; l~ppointment of Roceiv~r, addiiional ~ecurit~ hemundcr, Aorro~~•cr hereb~~
assigns to I.ender the rents ot the Propert~•, pro~•i~lc~cl thnt HorroH•er ~hall, ~~rior to accclcrntion under parngraph
18 hereof or abancionment oi the Yro~~crt~ , hn~•e thc ri~ht to colicct an~l mtain such rent. as they l~ecome due and
payRb~~. , .
IIpon accelerntiun under ~?~rngrapl~ 18 hemof ar abandonu~ent ot the Yro~~erty, t.ender ~hnll I~c entitlc~l to
hR~•e a recei~~er a~~pointecl t~~ s coeitt to enter u~~on, take ~~o.cc~sion of an~1 m~na~c tLc Property and to collect the
rents of the Pro~~ert~•, in~hi~iin~ th~e p~i~t ~inc. ~1) mnt. collc~ctc~l i?~ the recei~•rr s1~H11 1?c appliecl fir.t to ~i~~ ment
of the costs of m~nAgement oi the Pro{~rt~ :?nd coliection of mnt~, includin~, I~~~t not limiteci to, rccei~•er's fee~,
pren~iums on recci~•er's bond~ and masonnblc attorncy's fees. an~l tl?en to thc suni< <ecured h~• this \Iort~a~c. The
receiver shall bc liable to account only for tl~asc~ rent~ actuall}• rceeerecl.
Zl. Futurs Advances. Upon request_ h~ Aorro~rer. T.cnder, i~t I.en~er~ oPtion ~~•ithin tncnt~ ~enrs fmm thc
date of this ~[ortgage, ma~ make F~rtum Ad~•nnce~ to Aorro~~•er. Sucl~ Fuh~m Ad~•ances, ~cith intem,t thcreon, shall
Ue securcd by this \tortgage ~~hen c~•idenc~~i b~ promi~sor• ~iotc~ stating that ~niii notes am secum~l licreby. At no
time ~L~11 the ~~rincipal amount of thc indehtednc:~ ~e~umcl h~ this \iort~a~c. ~iot inch~din~ ~un~~ ad~•anced in
accotYiance liem«ith ta protect thc ~ecarit~• of tLis \tort~i~ge. cxcecd the oriRin91 amount of the \Tote ~?lus
US i-'a
22. Release. LT~~on ~in~ment oi nll ~u~us ~ecumci h~- thi~ \lort~xgr. I.~~ndcr ~liall relcase this ~iortgagc nithout
charge to BorroA er. Borrower shall ~~a~ all cost~ of mcorciation, if ~n~ .
IN t~~ITNF.S.S 1~' IiEREOF~ Rorro~ver h~s e~ecnted this Mortgage. _
Signed, sealed ~nd clelivered
in tbe presence of :
.
- - . - - - - - - - ~ - - . .(Seall
~ ~~~1~~ _ V. ~1 ~ . Borrovrer
'
s i ~c } ' • J~J '
' -L~L~.~~tX.X--- - - - -~"`''.'`"`~~~~Seall
- - __il'ia Ann Wri
. ~ -Borrqvrer
- ---526_ Vi,olet_Avenue---------------------------------------
----p~rt--St._ I~ra.e..-_~'lcar~.s7~?----------------------
~ Property Addres+s ~
! STaTF oF Fi.oxina, . _ _ _ Count.~ ss : '
~
I hereh~ certifr tl~~t on this cla~, before ~n~, ~iu oflicer duh' .illtjlol•ized in tl~e state .?foi•es~id n~id ~
in the count.~- :~fores.zid to t~ke .ZCkno~~•lecirements, personall}• appeared ~ V• ~~s-- Jr• - _
and Oeci7.ia ~fnn S~ic~t• h~s~~~known to he the person(~) described in nnd ~~ho esecuted th~
foregoi~i~ insti•ument .ind ack~io~~ledged i~efore m~ that ~yexecuted the same for tl~c pur~~o5~•
tL~rein espressed.
~~'tTxF.ss m~• hai?d a~id of~'icial ,e~l iu the comzt~• .uid .t~te xforE~,aid thi:; da~' of
. -
- N~- _ ,19 74 . .
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~{r (.ommissio~i expires:
' ` ~ ~Totary Public
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~pjA6~( pUg:.}:. SI'.tE v 30. i~8 -
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