Loading...
HomeMy WebLinkAbout0506 19. Bortowei s Righi to Reinstats. \otH•ith;tan~iin~; Lrn~ler'~ uc~•elrratiw? u1 tl~e ~un?r ~e~•ur~xi by th~~ \lort- gage, Horrower S~INII IIA~•e tl~e ri~ht tu 1?a~•e :sn~• ~~roce~vlinK. I~~~Kun I~y L~•n~ier tc? enf~,r~~r thi~ ~lortKng~~ di~ron- t.inuecl :tt Any time ~?rior to cntr~ of u j~ul~iuent enforciu~ thi~ \l~rtkage ii: ~a~ }3orroH~er pa~~~ •I.ender xlt ~un~s ~~•hich would l~c then ~iue under thi~ \lortgage, 1h~• \ot~• umi not~~ r~~~uriuK Future :~~i~•xnr~•s, if ~m , had no aecel- erxtion occurre~i; Ihl Aorrow~er cures all hreACl?es af am• otli~~r ~•o~•enxnt~ ur aKn~c~ucnt~ uf f3orro~~•er cuntained in this ~1ortRt?ge; (cl BarroH•er pa~s all ma~onai~le rx~?ci~ses incurrc~l 1,~• I.cn~1~•r in cnforcinK the co~•enants xnd ugree~nents of Bortow•cr contain~~1 in this ~Iort~agc :u?~1 in cnforcin~ I.cn~ler'~ reiu~~~lie~ :i. prn~•idcvl in ~?arxRrt~~?li 18 hcrcof, including, but not limitc~i to, rc:?sonNblc :~ttarn~•~~'• fer~: :?n~l ~~i~ Rurro~~cr titk~~~ ~uch uction ~~s l.endcr may rnasonably require to ~s~um that. tl~c licn of thi~ \lort~aige. l.~•ndei'~ inter~~:t i~~ thc Yro~?ert~• un~l I3orm~vc~r's obligation to pay the sun~s secur~~c1 b~• thi~ \tortR:iKe sliall ronti~n~e unin~~?:iin~l. l'~?on •ucl~ pa~ n~ent ai~d ~•um i»~ Aorton•cr, this ~IortgaRc and thc ohliKatiom ~ecure~l li~~iY•1?~• ~lu~ll r~~m:~in in full force amt e~'ect if no a~mlera- tion had occurted. 20. Assignment ot Rents: Appointment o! Receiver. a~l~iitional ~~~c~~u~it~• hemunilcr, Rorro~~~c•r hrmb~• . .?ssigns to l.cnder thc mnts oi tht~ Pro~~ert~•. ~u•o~•i~ic~~i thnt Bortr~~~~~~r ~Lall. E~rior to accclcration im~ic~r ~~ara~ra~~h 18 hereof or nbandomnent oi th~~ Pro~~ert~•, lus~•~ th~~ rifiht to ro11eM .u~~1 r~~tain ~u~h mnt~ a~ the~• becon~e due and payable. ' Upon accelerntion unc+.er ~~arn~;ra~~h 18 herc~f or uha~iiton~nent of the Yro~~e•rt~•. I.ender ~hnll Ix~ ~~ntitlc~l to ha~•e a receiver z?ppointec! h~• cot~rt to cnter u~~on, tnke ~?o~se~sion oi an~l u~ana~e tl?e Yro~?ert~ and to collect the rcnts ot the Ym{~ertt~, iu~•iu~ii~,~; ~i,:;s.• ~?u~t ~luc. ~I! renh collect~~l h~- th~~ mcei~•er shall !?e x~~~~lieci fint to pa~ment ~ of the costs of mannRement ot tlie Propert~• .?n~t coilection of rrnt~, inclu~iin~, hut not limitcYi t~, rncei~•er'c fec.~. ? premiums on mcei~•er'~ bon~1~ an~i rea~onable sttorne~'~ fec~, and tLen to th~• ~wn~ seci~re~i b~• thi~ ~iortKa~e. Thc~ ~ receiver shall 1?e liable to ~ccoi~nt onl~ for thos~~ rent~ a~t.u~lh• mcci~~ed. 21. Future Advcmees. Upou reque.t Rorro~~•er, I.end~~r. .?t Len~ier's option ~rithin t~~•enty ~ear from the date of thi~ ~IortR.ige. mu~• make Futum :1d~•anc~•~ to I3orro~~~er. ~ucl~ Future ~1d~•ance,, ~~•itL intem:t themon, shall : l~e securecl by t!?i~ ~[ortga~c ~~•hcn e~•i~ience~l 1?~• ~~romi~~or~• notc~~ .tatiuK tl~at ~:?i~l notc~ xte secured hemb~•. At n~ time sLall the Principal ampunt oi thc~ indchtt~ine.~ sceum~i hr thi~ ~lortRaRe. not inclu~lin~ ~ums ad~•anceci in acconlan~e herr~~~ith to ~~rotect th~~ ~ecurih• o( thi~ \[urt~a~e. excec~i the~ ori~inal amount. of thc \ote plus US i ~.C~, 04Q.. Q0 _ _ ' : 22. Release. L'pon ~~a~•~nent oi ~II ~uu?~ ~ec«m~i h~• thi~ ~lortga~e. Lcn~ler ;h:~li rclex~r this ~Iort~a~e ~vithout ~ charge to Bormwer_ I3orro~~-er ~hall E~a}• ail ~ost~ t~f reconiation. if :tn~•. { Ix `~~ITNF.SS `~THF.REOF~ Rorro~~~er ha~ e~ecuted this liortgage. Si~ne~l, sealed and deli~~ered ; in t.hc presenee of • ` ~ , ~ ~,,fJ 9~- - - - - - - - - - _ ~u,a~'~`'~{ r " 'L~'t! (Seali ~ P`ll C . Pieper -Borrower ~I~ ~C _ _ _ lL!!Iu.t~U • l.l~i1.I:~L~ .~q .c~ . _ ~ _ ' (Seai) ; - - - : , - - - - ~ DOIluS Piep@Y' -Borrower ~ i i 6~~1 _ Li.lyan_ Parkway_------ - • i ~ . Fort Pierce, Florida ___~3450__ _ _ ~ ~ Proper6y Addr~ s 4 ~ ~TaTt: or• Fi.oxmn, _ Indian River Coirnt}~ s~ : • ~ ~ I l~erehv c:ertif}- ti~at on thi~ cla~-, l~efore me, ~in ofi'icc~r dul~- .?utLorized in the state .iforesaid und r ~ - • • : ~ in the eount~• .ifm•es~li~l to takt~ .i~•knc?~rle~is;em~nts, per~onalh- appeared _ Russell C.._Pieper and : ~ Donna Pieper, his wife , to ~nc~ kno~vii t~ he th~~ per,on(~) described in and ~~•l~o e~ecuted tl?e = ~ fore~oin~; instru~nent xnd aekno~rled~~d hc~for~ ~ne tLat they c~~~c~uted thc~ same for the piu•pos~~ ~ thc~rein e~pressed. 7'~ ~ ~~~ITtiF.SS 1 uid and ~fl5~i.~i :~~al iu th~~ count.~- ,?ncl .t~~t~~ aforc~s.~id thi. ~ dav of X - - , ~9 ~s . ~ . ~ ~~I~* ('ommission expires: - ~~~/j~ _ _ ~ ' ~iotarv PuWia ~ ~ ~ ~ - ' ~ ~ ` ' ~z ~ IiOTAAY P1ISLIC ST14TE OP FIORIDI~ ~T URGE ' ~ MY COAAMISSION EXPIRfS 1UNE 27. 1978 ~ • ~,~'i••i~~~ • ~ 9 ~ WNOEO THRU GENERAI ~N~~M~~'F awt~~aw~tm• _ • . ~p ~ ' 4 ' _ ~ ,~i ~ ~ _ : ~ _ • ~ : ~ , ~ ,,4•4~ . r; ~~r,lE ~ ^ - - f $ pit: 8 G ~ , IE ~p ~a 3~ ~.R P y ja~~ ~ - c~~P yE;~,;~~fl ~ • ~~ccRa ~(pp~~ r.~~~r ~t ~ ~ a ~ . ~ ~ Indian River F,^d~ra) Savings and Loan Association ~ ~ ~ P. o. eox , ~o~ ;3U~1~~ ' Vero Beach, Florida - 32960 ~ IRF ZM S 7/ YBP Z? . I • ~ . g~~ z~7 505 ~ _ _ ~ _ _ ~ ~ . _ t ~ y~ ~ ~ ~ r'~~``~ ~ ~ -r-..X h ~ y~ 3 ~ a. a ~S: v `"iK ~ _ ~ $'~'h*~~3 .s`_~~''~~,.._^»~ ._:~`~K.__~ _._,^_"...W:,._ - ~