HomeMy WebLinkAbout0730 - ~ ' .IG .fY
18. Bo~ow~i a Right to Reinstate. \otH•ithstundin~ I.et?~Ier'. ucceleration oi tl~e ~u~us secutY.~1 by this \lort-
gege, Borrower shalt ha~•e thc ri~ht to lia~~e uny ~?roc~~YiiuKs I,eRun 1?~~ I.en~ler to ~~nfurce thi~ ~lortgage discon- ,
tinued at any time prior to cntry of a judRment enfamin~ tl~i~ \lort~a~e if: Ial Borro~cer pa~•s I.ender HU su~us
which would be then due undcr this ~IortgaKe; the'.~otc un~1 notes secutin~ Future ~d~~ance., ii an~•, had no ncccl-
eration cecurrecl; (b) Borrower cums all bmuches of an~• othrr co~•enant~ or aRree~urnts ot ~3orro~~•er contAiucci in
this ~tortgage; (c) BorroH•er pavs ~ll masonahle c~~~enscs incurrecl 1?~ T.en~ier in ~nforcinK thc co~•enants nnd
agrf,~ements of Borrower containeci in thia \lortRage and in enfomin~ I.ender'~ mn?edies as pro~•idcvi in paragrapli ,
18 hereof, includi~g, but not limitecl to, nasonable attornev's fees; und i~l l Borrow•er take: such action ~is Lender
may mASOnably requim to Hcsum that tlic lien of tl~is ~Iort~n~c. I.ender'~ intemst in the Yropert~ and I3orroH•er's
obligation to pay the sums secureci by this ~Iortgage sh~il continue unin~~u~ire~l. i'pon sucl~ px~ ~nent uu~l cum b~
IIorrower, this \fortgAge and the ol?ligatiom ~ecurcyl heml,~• ~hall mmnin in full force iuui effect :?s if no i?ccelera-
tion had occurred. .
2p, Xasignment of Rents: Appointment of Reeeiver. a~ldition~i ~ecurit~• hercunder, Rorro~~~er hereb~•
~iasigns to I:ender the mnts of the Pmrert~. ~iro~•i~ic~~ tl?at Rorm~r~~r ~I?xii, ~?rior to acceler~tioq u~der ~~ara~rar~h
18 hereof or abandonment o[ the Propertr, ha~•c: thc ri~ht to collect :~n~i rMain ~u~h m~it~ a~ the~• hecome due And
~ayabie.
' Upon accelen~tion imder parHgraph 18 hercof or abandonu~ent o[ the Yro~~ert~•, I.ender ~hall be entitleci to
have a recei~~er appointc~i h~ a court to enter u~~on, take pos~e~.sion of an~i u~~lua~e the Yroperty and to collcct the
rents of the Propert~ , includin~ those ~?xst due. :~ll mnt~ co11ec1cKl b~• the recei~~er ~hnll he .?r~~lic~i fint to puyment
of the costs of management of the Pro~~ert~ riml collection of mnt~, includin~, hut not limiteri to, recei~•er's fec~. ~
- premiums on recei~•er'~ bond~ :~nd reasonablc attorncy'~ fces. ~nd then to thc swus secumd 1~~ thi• \IortR~~e. The
receiver shall 1?e liable to account onl~~ for those rents actuall}• mcei.~ed_
21. Future Advoncea Upon request h~~ Aorro~~•er. I.ender, at I.endcr's option ~~•ithin t«~ent~ year.: from tlic
date of this ~IortKuge, mar muke Futum _1ch•~nee. to IIorro~rer. ~ueh Future ,Ad~•ances, ~~•ith interest thereon, shAll
be secured by this \tortg~ge ~~hen cridence~ 1?~• ~~romi~sor~ nole~ stating tl?~t s~i~l notes nm secured 1?erebv. At nQ
time sl?all the rrincipal amount of the indehtc~lne~~ ~ecurecl h~• thi~ \Iortg~ge. not includin~ sums ad~~anceci in
accorciancc hemn ith to pmtect th~ sec~~rity of thi~ ~tort~a~e, cxcei~cl the original amount of thc i~TOte plu~
US i._ 9, 5~OQ...O-Q • :
22. Releacse. Upon pa~ment of ~ll sums ~ecurecl In• thi~ \IortK~~;e, Lcnder shall release this \iortgaKe ~~•ithout
charge to Borrower. Borron~er shall ~~sy all costs bi recordation. ii an~.
Ir «'iT~ES.s ~'~'xEx~o orrowcr ht~s executed tliis ?~iortgage.
Si~ned, led tle v~'red
inthe eseneqof:
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~ ~ °z-~ {Seal1
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Stanley(ZC. Douglas; -Borrower
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; - _ (sean ;
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I - ~ Frances A. DOLicj18 -Borrower ;
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g Pmpercy Address ~
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~ Sr~1F oF F~.oRm~, Saint- I.ucie Countr ss : ~
I hereby certifr tl~at on this da~~, before me, ~n officer duh• ~iuthorized in the state ~iforesaicl and ;
r in the count.< <~foreszid to take xckno~~ledaen~ents, per~on~lh~ appearedStanley K. Doug~.as _ ;
~ and F;atiCes A. Douglasto me kno~vn to be the person(s) described iu and ~vho eXecuted the !
his wife,
~ fore~o~ng inst.rument and ackno~ledged beforc> >ne tliat they executecl th~ ~ame for tl~e ~iurpo~;~
~ tiierein espressed. :
~ ~i'ITNESS lll~' Ililll(I c`lll ~~t3`'icial ~eal i~i tl~e count.~• .~nd st<it~ aforesfiid this 7~ da~- of =
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1 ~ s~~ Pub171c``, n ~ '
~ NOIARY PUL'lIC STAT~ OF FLOR~DA A! LADGC ; 3~~J1.
MY COIAAAISSION EX?IAfS NOY. lE, 1~78 • v~ 'l6
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