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HomeMy WebLinkAbout2156 18. Sorrowu i Biqht to 8siastat~. l~otwit!?standing Iw~~i~ier's acceleration of tl~e sume xecured by thia ~1ort- gage~ Borrower shall ha~•e tl~e right to have ~?ny proceedi~~gs I,c~un bv I.ender to eniorce thi~ ~lortgage discoa- tinued at sny time prior to entry of a judgment enforcing tl~is \lortgage it: (al BorroweF paye Lender all aums which would be then duc u~der this \lortgage. thc Note and no~es secut'ing Future Ad~ ances, it anv, had no aecel- eration occurred; (b) Bormwer cures all breaches of any other covenant~ or agrcements ot Borro~~er contained in this Mortgage; (c) Borrower pays ail reasonai~le expenses incurrecl t~v Lender in enforci~g the covenanta and ; agreenienta oi Borrower contained in this \iorigage and in enforcing I.encler's mmeclies ax provideci in paragrapL ~ ~ 18 hereof, including, but not limited to, reasonable attorney's (ec~ : anci i d) Bormwer take3 sucl~ uction as I.ender ' may reasonably require to nssurc that the licn of tl~is \Iorigagc. I.ender ~ intemst in the Pro~~erty and Borrower's ~ ' obligation to pay the sums secureci by this \Iortgage sliall continue unimpairecl. Upon such payment and c~ue by Bormwer, this \iortgage and the obligation~ ~ecurc~ hcrcl~~ shatl mroain in tull force and et~ect as if no accelera- tion had occun~ed. ~ _ 2p, l~siqn~nent of Aenb: Appointmeat of R~ceiv~r. ~s a~iditional security hereunder, Aorrower 1?creby ' Hs,Qigns to Lender the rents oi the Property, provideci that Borrower shall, prior to acceleration under paragraph ' 18 hereof or abandonment of the Property, ha~•e tl~c right to coliect and mtain such rents as they 1?ecome ~iue and ~ payeble. ' Upon acceleration under paragraph 18 hereof or abandonment of the Property, I.ender ~hall be entitleci to have a receiver appointed by a court to enter uPon, take passession of an~i :nanage the Propert.y and to collect the ~ rents of the Propert~y, including those ~~ast due. All rents collecteci b~ the tecei~•er shall 1>e ap~~liecl first to payment ~ of the costs of uianagement of the Ptoperty and collection of mnts, includin~, I~ut not limited to, receiver's fees, premiwns on recei~~er's bond~ and reasonable attorney's fecs, and then to the sunic secureci by this isortgage. The receiver shall be liable to account only for those rents actually received. Zl. Futurs Advances. Upon request by Borro~~er, I.ender, at I.ender's option within twenty years fmui the date of this ~fortgage, may make Future Ad~•ances to Borro~~er. Such Future Ad~ances, with interest thereon, sl?all be secured by this ~+Iortgage when evidenced by I~romi~Gon• notes stating that sai~i notes are secumci hereby. At no ~ time shall the principal amount of the indebtednes.c secumci 1~~ this `iortgage. npt including sums acl~anced in ~ accordance herewith to protect the security of this \tortgage, excceci the original amount of thc Note plus ~ U$ QQ4.~D------ • 2Z. Relearse. Upon payment of all sums secunKi 1?y thi~ ~iortgage, T.crder shal! release this ~iortgage without ~ charge to Borrower. Borrower shall pay all ca~tQ bf mcordation, if any. - ~ ; IN WITNBSS WHEREOF~ Borrower has esecuted this ~iortgage. ~ ~ Signe eale d deli 'ed ~ in th " ese ce o. ~ . - - - - - - - ----(~i) - - - - ~ Samuel C. Gay BOn'01~~ . - ~ ~ - - - - -(Seall ~ ` - - - -Borrower ~ 2Q21_-.SQ.---Ii1C~.].all--R18P.r__~1YE_--------- _ ~.___Pi~xr~~---Fl~ric~a__~~4~D-- Property Adde+~s I STATE OF FLOAIDA~ ..?~tal~~._ LL1C1@ COUII~ SS : ~ I l~ereby certif~~ that on this da~, before me, an officer dul~ authorized in t}ie state ~foresaid and ; in the countti~ aforesaid to take acknowled~;en~ents, personall~ appeared _S,3mu~~...~a__.Czc~y~___~__.. _ f sinqle_.man , to me known to be the person(s) described in and wlio eaecuted t)ie ` foregoing instrument and acknowledg~d hefore me that he eYecuted the same for the pttrpose ( tliere'n expressed. ~ ~IT m~ liand and offici~l seal in tl~e county and st~z af •~aid this _ 7~!-.__--_ dav of ` ~e ~ ~ - ' ~ ----.19 _7.-- • ` ~ f~ - : ` t10TARY PUBLIC. STATE M RORIDA at / ~ x~~ / 1 ~ -f • l - 1iv Commission e ires: ~ ~ , ~ ~ u 5 ~ ' . gP r cou:~is...:::r ~ ~ EX~ IRES i ~ea ~y amErxan e,nr.n ~ 197 voiarv Publi ~ , s i -ounric~ Co~ ~ ``~~,,t~.,,~-+~L~~ . r _ J , db , ~ :,.f= • ~ ~ ~ ~s' ~ ~ . ; ; ?r. 0 • ~ - ~ ~020.70 • ? Q . ' n~ 4 ~ ; ~ ~ . f . ~ X . +~iu~,. ~ t ~pE0 ~ ' f1~Ea RN C4 S~' , . 1E ~~pA ~ g~.~G~R pQ,~ Cp~T ~ C Rp VER1F1E0 ~I . ~ R~~ a eH ~5 ~ ~ ~ ~ ~d1a ~ ~ ~ ~ . . IRi-2M 3~71-YSo ~ 3: