HomeMy WebLinkAbout2989 I9. Borrow~i
a Rigbt to Reiastat~. I~otH•ithstan~linK L~•u~ler'~ uccel~•ration uf the ~un~ ~erurc~cl by tiiis ~lort-
gage~ 13orrower ~hall have thc rigt?t to ha~•c~ xn~• ~?roce~vlinK~ IK~~un b~• l.en~ler to enforce tlii~ \lurtRuge discun-
tinued at any time prior to e~tn• ot a judgm~•nt cniorcinR thi~ \lortgage if: ~al Borrower ~?ays I.ender all sums
whieh would tx~ then due under this ~iortgage, the Not~• an~l noles securin~ Future Ach•xnces, if any, had no accel-
eration occurred; Ib) Aorrower cures t?ll I~machcs oi ai~~• othc•r co~enunt~ or aRreeuicnt~ oi f3orroK~cr containexl in
this ~iortgage; Ie) Borrower pA~s nll reason:~l~le c~rpenses incurrecl 1?~• I.ender in enforein~ the co~~enRnts nn~i
agreementx oi Borrower containec~ in this \iort~age und in rnforcin~ I.encler's mw~~iie. a• pro~•idecl in parAgrnpli ~
18 hercot, including, but not limitecl to, rensonai?Ic attorne~•'~ te~•s: an~t i~ll 13orn~~eer t:~k~~ ~ueh ttction us I.ender ~
may reasonably require to assum that thc licn oi tl?i~ \Iort~n~;e, l.cndcr'~ interest in the Yro~krt~~ aml Aormwer's ~
obligation to pay the sums secureci by thi~ ~Iort~age sl~all continue uni~u~i:?ire~L ['~?on ,ttch ~?ayn~ent nn~i cum b~ ;
Borrower, this ~Iottgage and the obligatiom .ccurc~l hc•~rl~~• ~hall mn~ain in full forcc anil e~'ect u~ if no uccclera- ;
tion had occurred. '
t
- 20. Assiqnment of Renfa: Appointment of Receiver. :1. a~iditional ~ecurit~• hemunder. Barro~~•er hen:b~• '
:issigns to l.ender ihe rents of the Propert~•, i~rori~l~Y1 that Rorro~~•er ~i~all, ~~rio~• to acceleration under parn~raph
l8 hereot ar aban~lonment of the Propert~•, ha~•~ thc~ ri~ht to ~oliert un~l mtaiin ~ucl~ mnt~ as thur I~ecome ~iue and
payable.
' Upon Accelerntion under ~?arngrapli 18 {~emof or abandonu~ent of the Ym~~crty. I.ender ~hall be entitlecl to
ha~•e a recei~•er a~~pointeri b~~ a court to enter uron, tnke ~~occes.~ion ut an~i mana~c the Property and to collect the :
rents of thc Propertr, includin~ those ~?xst duc. :~il rcnt~ rotlecteyl h~• thc• recei~•cr ~hall bc applic~i firt to pa~ment ~
of the costs of ~nanaRement of the Propert~ yn~l collection of rent~, incladin~, i?iit not limitecl to, mcei~•er's fecs. ~
premiums on mcei~~er's hond~ and reasonaldc nttorney'~ fees, xnd then to tL~~ wm~ secum~l hy this \tort~n~e. Thc
receiver shall be liable to aceount onlv for those mnts aetuallt• mcei~•ec1.
~l. Future Advcacea Upon mquest h~• Borro~~~er, I.ender, at I.en~ier's option ~~ithin t~~•enh~ )ea~ fmm thc ;
date oi this ~iortgage, mn~• make Futum A~i~•ance< to Borro~ser. Su~l~ Future r1d~~ances, ~~•ith intemst thereon, shall `
be secured by this ~IortgaRe ~rhen e~•idcncc~i b~~ ~?romis~or~- notes statinR t1~Ht ~aid notes :~re secureci herehy. At no
time sha11 .he principal amount of thc indehteclnc~~ ~eci~m~i h~• thi~ \1ort~aRe, not includin~; ~ums a~i~~anceci in
accordancc here~ith to protect the securit.y of thi~ \[ortgake, excei~cl the ori~inai ~mount of the Note plu~
US i_~7,-SQD. QU .
22. Release. Upon pn}•ment of all ~ums sectnrci h~ tl~i~ \Iort~aRc, Lcnder ~hxll release this ~Iortga~e ~vithouf
charge to Borto~ver. Borrower shail pAV all costc of recordation. if nn~~.
,
IN `~ITNF.SS ~~~HEREOF~ Borro~rer has e~ecuted this ~liort~xge.
Sigrned, sealed and delivered ~
in the p esence of : , ;
; ~
- - - 4 -'-~r~-~'~- - (Seall :
-
onald E Jaco on -~o~oWer
. ; . ~ ~ \
• ~ _ fi - - - - - - (Seal)
- ~'T- - - ~
Marilee I. ~ac SOn -Borrower
' _1b43_--Thumb--Poi.n-t--~r-i.ue-------------------
~ Ft. Pierce Florida 33450
~ ------t------------------------------------------------
; Propercy Address
i ST~TF. OF FI.OIiIDA~ St,_ __IAuCie COlIIItS S~ :
I l~ereb~ certit}~ tl~at on this d:i~-, before me, ~n officer dul~-:iuthorized in the state ~foresaid and
~ in the countt~ aforesai~l to take ,c~~o~w e~en~ents, per~onalh app~ared Donald E. Jacol~son
` & Marilee. I,_ Jacobson ;~o me ~no~vn to be the person ( s) described in and who e~ecuted tl~e
~ fore~oing inst.rmnent and ackno«led~ea before m~~ t1~At they executed the same for tl~c purNose
F therein expressed. - ,
~ iTxFSS m~- haiicl a~~d officia~l aeal 'in the count.~• .~ncl fit~ite aforesaid this ,S . da~~ of
~ . _ i~~~ _ _ ,19 7..5 . _ . _
. . . -
e :1ir Commission expires : - - -
~ - , ~ ,
rN1ARr rueLtC SiAiE FtC`t~~A A1 LAP.Gf \~otary Pubj,~~, 3n~~~
Mr cowu+~~ssaw a~n~s Hov. ie, i~s ''u v? ~
~ ~ONUED IMRU GENcRAI INSURA?vCE UNDERWk1TERS ;~'~V~: ~ V'•.
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