HomeMy WebLinkAbout2606 18. Borrow~is Riqht to Aeinatate. \otH~itl,stamiinK L~u~ler'~ H~•celeratian of the ~unis secun~cl by this ~tori-
gage, l3orrower ~i?all ha~•e ii?c ri~hl tu lu~~•c~ an~~ ~?roccw~lii~~• h~•Kun b~• I.en~ii~r to ~~nioree thi~ ~tortkage discon-
tinued ut any tin~c ~?rior to entn• of a jud~mcnt enfore•in~ thi• \lort~a~e if: Iai 13orrow•cr ~?i~~~s I.ender all sutz~~
~~•hieh would be then due ur?der this ~[ortgugc, tlic ~otc ami note~ ~eeurinR Future A~h•an~~~•, if anv, had no t~cccl- .
eration occurre~i; Ih1 Aorrower cun,~s all bmaches of an~• otl~er co~~c~~ant~ or ukrecn?ent. of Horro~cer containc~i in
this ~tortgage; (cl Borro~~•er pA~~s all mx~anabl~~ c•x~x~nsc. incurrctil h~• 1.cnder in cntorcin~ thc eo~•enants and
Agreeu~ents ot Dorroner contained in this ~tort~xgc iu~~! in enforcin~ l.ender's ren~cKlic~ us pro~•i~icYl in pamRrxph
18 hereof, including, but not limited to, masonal?te attorncy'• fcr~; and i~l ~ I~arro~~er tuke~ sucl~ i~~tion ;~r I.encier ;
may rexsonAUly requite to ~ssum that the licn oi' tlii~ \IortRa~c. Lc•nder'~ i~terest in tl~e 1'ro~iert.r und I3orro«~er's
obligation to pay the sums secured 1~~~ this \Iort~:iKe ~hall continuc unini~~ui~1. L"~~ou such pnyment un~l cure by
Bormwer, thi~ ~iott~age:~nd thc obligaiion~ ,eeu~r~i lier~~i?~• •hull ~Y~iusin in iull for~•c ami et~ect u~ if no a~celera-
tion had occurred.
20. Assigament of Rents: Appointment of Reeeiver. u~lditional ~e~urit~- hereun~ler, Iior~~~~•~r h~rci,~•
;issigns to i.ender the mnts of the Pro~~erh•, ~~ro~•i~lctij tliat Rorm~~•er ~luill, ~?rior to accelerntion un~ler p~ra~raph
18 hemof or nbandonment of the Properh•, I~a~•e th~~ ri~ht to colieM un~i retain ~ucli mnts a~ the~• bec~?me ~iue and
payable.
' Upon xccelerntion imdrr parn~mph 18 hemof c>r aban~ionment of the Yro~~erty, I.ender ~hnll he entitled tu
have a recei~•er appointc~l b~• a court to cnter u~?o~~, take ~~ossc•sion of nn~l mana~e the Pro~?crtt• ~n~1 to collect the
mnts of the Pro~?eN~~, includin~; those ~~fi~t ~luc. :111 mnt. collect~yl h~• tlic• recei~~er ~hnll b~ ap~~licci first to ~~a~ ment
of the costs of u~ana~ement of the Pro~~ert~• .~ml ~ollection of rnnt~, in~ludin~, hut not limilc~i to, m~ci~•er'~ fec~.
premiums on mcei~~er'~ bond~ nnd ma~onal,lc xttorne~•'s fecs, an~l then to thc~ ~wu~ secum~i h}~ thi~ ~IortRa~e. Thr
receiver shall be liablc to account onl~ for those rent~ act~ialh• mcei~•ed.
21. Future Advaaces. Upon request 1?r Borru~~•er, I.ender, at Lender'~ o~~tion ~rithin t~centv ~~ear from the
date of this \Iort~age, ma~• n~ake Futum A~i~•~nce~ to Borrow•er. ~ttcL Fnture ~~i~•ances, ~eith intemst themon, shall
be seeureci b~• this ~Iortgage ~~•he~i e~•i~lene~ti) b~ ~~ron~i~~or~~ notes stntin~ thnt ~xid note~ am seeurcx) 1?ereb~~. ~t ncs
time sh~ll the ~~rincipal amount of the indehtcrlnec. ~e~um~i 1?~ tl~is \Iort~a~c. not inclu~lin~ sums a~1~•ancecl in
accorciance hem~rith to ~~mfect tl~c securit}- of thi~ ~IortRa~e. cr~rc~i the original amount of the I~'ote plus
US i- 15, OQO. QO
Z2. Release. Upon pa~•ment of all ~um: secur~xl h~• thi~ ~lort~;a~c. Lrndcr shall mleasc this \Iort~;aRe ~~ithout
charge to Borrower. BorroK•er shull l~a~• all cost~ of reconiation. if ant~_
IN `~~IT:~ ESS ~~7HEREOF~ Borro~~ er h~5 esecuted this ~tortgage.
Si~ned, sealed and delivered
in the resence f : .
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p, _
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- -"--~/(~I____lr~~LiLN~..--'-'-~------'------ ~-F"- -~-t i . . ~~~~~al~
Wilbert H. Thomson -~o~oWe~
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; ~j J ce~. Thomson -Bor,,oWe~
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Port _S~-•--- ~,u~i~, ---Fls~r~cla--3~452-------
Propercy Address
ST:+Tr: oF Fr.ORIDA~ Sain~ LuCie Count~• ss:
I hc~reb~~ certif~- tl~at on this da~-, before me, ~in ot~'icer duh- .iuthorized in the state .iforesaicl a»d
in the count~• ~fot•esa~icl to take ackno~~led~enm~its, pei'tiOl1A~~~ appeai•ed Wi1be~Ct I~. . ThQmson _
and Joyce A. Thomson,n~~~i~~vn to be the person(s) de~cribed iu and ~~l~o executecl the
fore~oing inst?•ument. and acknow• e ge efore me that triey eYecuted th~ same for the purpo~~~
therein eYpressed. ~
~~'iTxFSS m~- liand a~id ofiSei.il seal izi thc~ c•ou~?t~• .incl ~t<ite ~iforea~~id this . a,~. _ . da~• of
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MY CONWIISSiJN EXPIAES NOY. lE. 1~78 . Ot8Py ~o~c,..••..
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