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19. 8o~owei
s Right to Reinsiat~. ti'ot~eith~tan~lin~ I,ender'r uceel~raliw~ of thr ~un~s secured by this ~1ort-
gage, Borrower ~hall lin~•e tlie right to ha~~e .u~y ~,rocc~vlinK~ In~Kun h~• Lemier to ~i~furce thi~ \1ortRage ~liscon-
tinued at any tir~?e prior to entry oi a judgment cnforci~~~ this ~lortRi~Re if: Iai 13orro~vrt ~?ayx I.ender all sun~s
H•hich H•ould be then due under thi~ \tortgage, thc~ ~'otc~ :~n~l notcs .~~curinR Futum :1d~•~~nc~•~, if anv, had no aceel-
eration occurrc~t; Ib) Aorrower cures all bmacher: of um• uther co~•enuut~ or uKmcment. of Borro~~•er eontxinecl in
this \1ort.gage; (cl BorroH•er pays all reasan:~bl~~ c~xpense. incurred 1?~~ I.cnd~•r in cnforcinR thr ~•o~~cnnnts and ~
agteements of I3orrow•er contuinecl in tlii~ \tortKu~e n~~d in ~~nfo~rinK Lender'. mmcvlic. as ~?ro~•i~icrl in parnRrxpl~
18 hereof, including, but ~ot limited to, masonabl~~ attarnc~~'~ fec.; an~i i~1? 13orin~~•cr tuk~•~ ~ucl~ uction us Lender
may reasonabiy rc~uire to assurc that the lien of thi• ~IoMKuKe, I.rmler'~ intem~t in thr Pro~~ert~• :~n~l tiorro~ver:~
obligution to ~~ay the sums securcYl by this \iortga~c• .hall continu~• uni~up:?irtK1. t'~?on •ttcl~ payment an~1 c~~re b~
BorroR~er, this ~lortgage an~1 tlie ol~ligation• •ecw•e~l h~~rehy .lu~ll ~rw:iin in ful! force :u?~1 cf~[c~ct u~ if no nccelera-
tion }~ad cecurred.
20. Asaiqament o~ Renta: Appointment ol Receiver. A~ :uiditional ~~~curit~• hcrrun~icr. 13orro~~•~•r hrrch~•
i?~igi~s to I.ender the mnts of the Pmpert~•, ~iro~•i~1c~1 tht?t Borrn~~•~~r ~hi?II, ~?riur to a~cel~rntion iindcr pnra~rapl~
18 hemof or nhnndonment of the Propert~•, hu~•c~ tlu• ri~ht to colieM atml retain ~i~ch mnt~ z~ the~~ hecon?c due nnd
payable.
~ Upon acc~leration under ~~arngrapl~ 18 hereof or abnndonu~cnt of thc~ Yro~?crt~~, Lender ~lial) h~ entitled to ~
have a mceiver nppointcKl b~• a court to enter uJ?on, takc ~iac~e~~~on o[ umi ~uanake tl~c Yropertt• an~i fo collect the ~
mnts of thc Pro~~erly, inrhidin~ thosr ~~ast ~iuc. all rent~ ~ollecteYl I?~• tlu• rncei~•er shall Ix~ ,~ppli~yi first to ~?a~meM
of the costs of n~anaRement of the Pmpert}• anrl ~ollection of rent~, inclu~tinK, hut not limiteci to, recei~•ers fces,
premiums on mcei~~er's l~onds and masonable attorncy's fecs, an~l then to thc ~ums securc~l b~ this ~iortKaRc. Thc
reeeiver shall i~e linble to account only for those rents .~ctunlh• mcei~•ec1. #
21. Future Advancea tlpon requcst 1?~ Borro~~•cr, l.emier, nt Lcu~ier'~ o~~tion ~~•ithin t~~•enty yean from the `
datc of this \tortgnge, mat make Futum ~d~•ancc< tu Borro~~•cr. ~ucl? Fuh~re ~dv:inrc~, ~~~ith intem~t themon, shall
be secure~i by this ~fort~age ~~•hen e~~i~lenee~i h~- ~?mmi~~or~• note~ .tatin~ th~t ,aid notes are secureci hembv. At no
time shall the Principal nmoi~nt of the indei,t~~in~~~• ~ecurcYi 1?~ tl~ic \Iort~a~e, not in~lu~iin~ ~u~ns a~h•ance{i in '
accorciancc hem~cith to pmtect the ~ecurit~• of tlii~ \iort~aRc, ex~eiYi tL~~ ori~inal a~noiint of th~ :~Totc plus
USi 3,150.00___ _ . - ~
22. Releuse. Upon ~iati•m~~nt of ~11 sum• ~crure~i In• thi~ ~IortKr~~c. L~rn~lcr ;hxl! mlcasc thic ~tortgagc «ithout
charge to Borrower. Borro~~•er ~hall ~~a~• ~ll co:t~ t~f recordation. if an~~. {
IN "~ITNES.S `VHF.RF.OF~ Rorro«er h.~s executed this D'I~rtg:~ge.
_
Si ed, sezled and delic•ered ~
in t e presen of : ~
;
- - - ~ (Seall
- - - -
J~c:c W. Pennell -Borrower
r , , .
------~-~-rrr~- - _ ~~r.k.~.~•,,, _/f ~~_~~~.~,c~...E.~ (sean
Eleanor R. Pennell, formerly -Borrower
known as Eleanor R. Bergandi ;
315--N•---1Zth__~zr~et-----
' FQrt__Pierte, -Flnrida-------------------------
Propercy Address ~
STaT~; OF FI.ORIDA~ Indian- River Count~- ss:
I l~ereby certif~• th~t. on this d1~-, before me, au ofhcrr duh- authorized in thC state afori~said and
i in the count~• afores.i~cl~to t~$~ ~ ckno~~•le~l~r ~~nts l~ rs nallr a eared JACK W. PENNELL and
~ ELEAIVOR R. ~ENNELI., f~ ~w '~~o°n
e~n~~e4~nge t~e ~ers~dn~s~~described in and who executed tl~e .
~ -
~ fore~oin~ instrun~ent x~id ackno~~~le~~ed hefore u~e that they ~~~~uted the ~ame for the purpo~~~
~ tlierein eYpressed.
i
~ ~t~ITNR~.s m~- l~and and offic•i.~i ,e~il in tlie c•omit.~• :uui ~t.~tr .ifor~~s~~id this _~'S dav uf
~ APr ~ _ , 19 75 .
~ir Commission expires : ;
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