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HomeMy WebLinkAbout0694 ~ 4 ~ I 19. Borrow~i s Right to Aeinslata. Notw•ithstan~linK Lendrr's ~cceleration of the •un~s aeeureci by this ~totl- gage, I3orrower shaU lia~•e tLe right tu l~a~~e :tny ~?rocrK~ciin~s Ix~~un 1~~• 1.cnder to enforee thi~ ~lurtgage discon- tinued at any time prior to entry of a jud~menc enforcin~ this \lortgage if: Ial Borro~~•er ~?a~•~ l.ender all sun~s ~vhich would be then due under this \iortgage, tbc \ote an~t note: se~utiu~ Futuct ~d~•anc~~~, if any, had no nccel- eration oecurmcl; (b) Borrower cums All breaches of an~• other co~~enant~ or ugmeu~ents o( Borro~~•er contained in this liortgage; (c? Horro«~er pa~s all masonable cx~~e~ises incurmc! b~ (.emler in enforcin~ the co~•enants .zncl agreen~ents ot BorroH•cr eontaineci in this \Iortgage und in enforein~ l.endec:5 mmeclics as pro~•idc~l in paragr~ph 18 hereof, including, but not limiteci to, reasonablc attorne~•'c fces; an~l ~d 1 Borro~eer tuke~ sucl~ uction as I.ender ~uay reasonably require to assutc that the licn of tlii~ \[ort~a~c. Le»der'~ interest in the Yro~iert~ and Borrower'~ obligatian to pa~ the sums secun~i by this ~tortgxge ~I~all continuc unin~~?sire~l. L'pon such payment and cure b} Borrower, this ~tortgage und the obligation. sccurc~l liemh~• •hall muiain in full force nnd e~'cct if no accelera- tion had occurred. Z0. llasignment of Rents; Appointment of Receiver. a~l~litioual ~e~urit~• hem~uuler. Borro~cer hemb~• ,~ssigns to I.ender the rents of the Propert~•, ~~ro~•idcvi tliat RormH~er ~hall, ~?rior to acceleration under parn~raph 18 hereof or abandonn~ent of tl~e Properh•, ht?~•e tlic ri~ht to collect an~l retxin such mnt. a~ they become dae and payable. ' Upon accelerntion ~mdcr paragrapl~ l8 hereof or abandomnent of the Yro~~crty. I.ender shal! be entitled to ha~~e a recei~•er n~~pointecl h~• a court to enter i~Pon, take i~ossession of nn~i m~naRe the Pmpert~ and to collect the mnts of the Pm~jert~~, includin~ tha~e 1?x~t ~lue. ~11 rent~ ~ollecte~l h~• the recei~~er sliall ix• .s~i~~lieci first to payment ot the costs of management of the Pro~~ert}• an~i collection of mnts, includinq, hut not limitc~i to, recei~~er's fec~. premiums on recei~~er's bands and reasonable ~ttornc~•'s fees, an~~ then to the sums securcci i~}~ thi~ \I~rtRAge. The reeeiver shall be liflble to account onlv for those rent~ actualh• mcei~•ecl. 21. Future Advancea Upon request b~~ Borm~~•er, I.ender, at Len~ier's option ~~•ithin t~~ent~ ~~ea~ troin thc date of this ~~ort~~ge, ma~• make Futum a~l~~ancc~ to Borro~cer. fiuci~ fiuture ~d~•ances, ~~•ith intem~t thereon, shall be seeureci hy this ~lortga~ge «•1?en e~•idenec~i by ~~ro~ni~.~or~ note~ statin~ that ~nid notes are seeumci hereby. At na time siialt the ~~rincipal amount of the indebtednc~~ ~ecumd 1?~• this ~tortg~~c. not includin~ sun~s adranceci in accordancc here~~ith to ~irotect the ~ecurit~• of thi~ ~Iort~a~e, excced the original amount of thc Note plus US t 1Q,.OQO_.90_ _ 22. Release. Upop payment of ~ll s~uus secured h~ thi~ \Iort~a~e. Lendcr ~hall rcle~isc this \Iortgage ~~•ithout charge to Borrower. Borro~ver shali ~~a~• all ~ost~ bf reconlntion, ii ~n~~. IAi `VITNES.S ~~~HEREOF~ Borro~ver l~~s eYecuted this ~'Iortgage. ~ ~ Signe , aled nd livered in t resen f _ f~~ ~ ~ e - -~~'L------- - . . .(Seall ( + Robert V. MOLl1tOI1 -Borro~er ~ ? ' ~Iv q - - - - - - ~'~~~fis~G~_/.!_~~.~i~ _ - (Seal) ' ~ JQ~lth K. M~OU1tOA -~~Wer ( 4D?---E.--.Midwa3r---Road------- - ~ ; ~`t.---Pier.c~,.---F1Qr.isla--~34~4------------- ~ ProperLy Address ~ ; STATE OF FIAftID~~ S81A~-IaL1Cl@ Count}- ss : ' I herebr certif~- tl~~t on this clay, before me, ~n nflicer dul~- authorized in the state :~fu?•esxicl aud ~ ~ in th~ eowit~• afore aicl to take ac:know•led~ements, person~lh- appearedl~bert - V._ M,oulton _ and ~ ~ J~,td~tt} K. Mou~.ton, ~ to me kno~~~n to be th~ person(s) described in anci ~~ho executed the ~ his wife ~ fore~oing inst.runient ~nd acknowledgpcl hefore me that they executed the same for the purpo~e , tl?erein ~espressed. } s «rITNESS I71}" Il'dll( a~?d offiei,il se~l i~i the count~- ~~ncl ~t~~te afare~aicl this 7_~ da~- of ~ ~J _ ,19 7S' _ . ~ ~ 'r~'., . - - - : ~ ~f~ Commission ezpires : - _ - _ otary PubligaN~~~~~~~~~~ ; ~ NOTARY FUBUC S1ATE OF FlC?IDA AT LARGE ~~d~;:3rL~Y, ~ E ` Mr Co~rss~or~ Exn~s Nov. te. i~fa ~~~~t~,:...... ~ 90NDED iMicu GENifL1L tNSURAPICE UNDERWRITERS a,~ d~•; 6~ . ~ v l,Y - p ~ •.`a= . r~ ` ~ ~`i ~ e ~ i~: ~ - • 3~ o . ~ f ~E~ ~tl0 a~ ~ " O ~,;~t : ~UC1L fl1 ~ aa~ c~ ~c~+ 6~y~; ~~>'~y-.:~~ tio~;=. c~~~ ve~~?. ~ . . SSpS . fT R£~~d~ . . ~ `y ~7Va~"~ _ ; _ r~9:~ i i;;~ ~ c, k..> c.;t I . , ~~r_. ~_j~ p~r[ IpF 2M 3.7~.V8P : Pa~a'~ ~ V~ V ~INC :fi~ ~~s