HomeMy WebLinkAbout1693 l~. Eot~ow~r's Riqbt to 1t~iAStttt~. Notwitl~stanJing I.euclFr'~ acceleration oi tl~e sun~x eecured by tliia \lort•
gage~ Borrower shall hu~~e the righl to l~a~e any ~~roceeclinRs I~eRun by I.ender to eniorce t~is ~lortgage diacon-
t.inued at any tin~e prior to entry ot a judgment enfoming this \lortgage it: (a) Borrower payR l.ender all sums
which would be then due under this ~tortgage, the Notc und ~otess securin~ Futurc Advances, if any, had no accet- .
eration cecurred; (b) Borrower cures all breachcs of any otiier covenant,r or agreeu~ents of Borrow•er contained in
this Mortgage; (c) Borrower pays all masonable expenses incurreci bv I.ender in enforcing the co~~enants and
agreementa of Borrower contained in this liortgagc Hnd in enfominR I.ender'x remedics as Pro~•idc~i in paragraph
18 hereof, including, b~t not litnited to, reasonable attorne}~'s fres; and ~dl HorroHCr takc~ s~icl~ action as I.ender
may reasonably requir~ to assure that thc licn of thir \tortga~e, i.cnder'~ intcrest in tiie Yro~icrty and Borrower's
obligation to pay the sums secured by this \tortgage sl?all continuc nninipuircci, i!pon such payn~ent and cu~+e by
Borrower, this ~~ortgage and the obligations secure~l licmin• ~liall trmain in (ul1 force and ef~ect a.ti if no accelem-
tion had cecun+ed.
Z0. ~asiqament o~ Reats: Appointment ot Roceiv~r. Ac x~tciitiona! .ecuritti~ hercunder, Abrroa•er hereby `
tissigns to I.ender the rents of ihe Proprrty, pmvide~l that Rorrow•cr ~I~nil. ~?rior to acceleration under para~raph _
18 hereof or abandonment of thc Propert~, hare thc riqht to collect an~i mlain such rnnts a,~ thcy t?ecome due and
payable. :
' Upon acceleration under paraRraph 18 hemof or abandonment of the Pro~rty, t.ender shall be entitted to ~
have a receiver appointeci by a court to enter tipon, take ~ession of an~i munage the Property and to collect the -
mnts of the Pt+operty, inclucling those ~>ast due. A1! mnts eollectc~i b~~ thc receiver shall 1?c applieci first to payment
of the costs of ~nanagement of the Propertv Anct collection of rnnts, includin~. l,ut not limitcd to, recei~er'c fees,
premiums on recei~~er's bondc and reasunable attorney's fecs, and then to thc ~nms secumd h}~ this ~tort~nRe. Thc
t reoeiver shall be liable to account only for those rents actuall~ receiveci. t
21. Futur~ Advcmcea. U n ~
po request b~ Aorro~~er, I.ender, at l.ender's ortion ~~ithin twenty years irom thc '
- dafe of this ~iortgAge, inay mAke Futurc Ad~~ances to Borro~~•er. Such Futurc Advances, w ith intcrest thereon, shall ~
• be secured by this ~iortgage ~ihen e~'1tIpRCMI I)Y ~~romi~,on notcs stating that said notcs are secureci hereby. At. no ~
time shalt the principal amount of tl~c inc~ehtedne~~ sc~c~~re~ In• this ~iortga~e. not includin~; sums advanced in
aceorclance herenith to ~~mtect the security of thi~ \IortRa~e, exceed the origin~l amount of the rote plus
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a 22. Release. Upon paylnent of sll sum; sccumcl by thi~ ~IortgA~e, Lender shall release this \tortga~;e without
charge to Borrower. Borrower shall pa~ all cat~ bf recordation, it an~ .
~ ~ IN WITNES.S WHERLOF~ Borrower has executed this 1liortgage.
, Signed, sealed and cteiiyered
in the re ce
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• Luc ius P. Whee ler , J . Bo~toRer
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--------~ort_.~ ~~__L.usie_}_.F1Qrida----------
S~.~e . s / ~rty naa~ :
STATR OF~I~' . ~ ,
~ x - • (.,~,00 ~ (rsOllrit~F 3S :
I hereby certif~ tl~~.t on thi~ d~y, before me, an ofi'icer duh• authorized in l~e state fores 'd id
in th cou t}• r g' tq, ta1?e Hcknowled~e~nents, l~ersonxlh• appeared _ -
~ - , to me knov~n to be tlie pers (s) described and who executed tl
foregoing in trument and ackno~*ledged hefore nie that,`.~ esecuted th~ same for the purpos~ ~
tl?erein expressed. ~
F.ss mti l~and a~id offici:il ~eal in e ouiit~~ ~ind ::t<~te afore~~ic# this x._ _ da~ of ~
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~i~ Commission eapires: _ _ - - - - - - . - '
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FIIED r.~0 R~CORDEO 17" ~-L
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