HomeMy WebLinkAbout1121 1l~~. 3arowa's Hiqht to R~iastat~. Notwitlutanciing I.ender's acceleration ot tl?e sums securad by this 1liort-
gago, Borrower ehall h~ve tt~e right to have e?ny ~~roceeclinRs l~egun l?y I.ender to entorce this ~lortgaqe diacon-
tinued at any tia~e prior to entry oi a judgment entorcing tliis ~lortgage it: (s) Bormvrer pays Lender all suma
which would be then due under this liortgage, tl~e Note and notea secuNng Future Advances~ it any~ had no aecel-
eration occurn~ci; (b) Borrower curea all breaches of any otl~er covenantR or agrcements ot 8orrower contaiaed in
this Mortgage; (c) Borrower psys all reasonable expenses incurred by I.ender in eaforciag the covenanta and
agreementa oi Borrower contained in thia blortgage and in enforci~R Lcnder's remeclies as provided in paragtapl~
18 hereof, including~ but aot limited to, reasonable attomey's tces; and (d) Borroaer takes sucl~ action as I.ender
may reasonsbly require to asaure thst the lien ot tl~is \iortgage. I.ender K intemst in the Property and Borrower's
obligation to pay the sums aecured by this ~iortgage sl~all continue unin~paired. Upon such payment and cure by
Borrower, thia :~iortgage And the obligation~ securerl l~crcl~y sl~all reniain in full force and ef~ect as if no accelera-
tion had ocourrcd. '
Z0. A~si9naaent of Aenb: Appointm~t o! R~ceiv~r. 4s additional security hereunder, Borrower hereby ~t
assigns to I.ender the rents of the Property, provideci that Borrower si~all, prior to acceleration under parsgraph !
18 hereof or abandonment of the Property, have the right to collect an~i retRin sucl~ rents as thev become due and
payable.
' IIpon acceleration under paragraph l8 hereof or abandonment of tlie Pmperty, Lender shall be entitled to
hsve a receiver appointed by a court to enter. upon. take po~session of and manage the Property and to collect the
rents of the Property, includiag t~hose Past due. All rents collecteci by the receiver ehall t~e applied first to payment
of the cost$ of inanagement of the Property and collectio~ of rents, including, I~ut not limited to, receiver's fees,
premiums on receiver's bonds and reasonable attorney's fees, and t~hen to the sums securecl by this Mortgaqe. The
r8ceiver ehall be liable to account onlq for thase rents actually rrceived. ~
Zl. Futur~ Ad~anc~s. Upon rEquest by Borrocver, Lender, at I.ender's option within twenty years fmm the j
date of this ~iortgage, may make Future Ad~•ances to Borroa er. Sucl~ Future Advances~ R ith interest theteon, shall ~
be secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no ~
tims shall the principal amount of the indebtedness ~ecured 1?y this jiortgage, not including sums advanced in ~
accordance herPwith to protect the security ot this ~tortgage, exceecl the original amount oi the Note plus ~
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Z'l. H~l~ase. Upon payment of all sums secured by this \iortgage, I.ender shall release this Mortgage without ~
charge to Borro~ver. Borrower shall pay all costs af recordation, if any. _
Ix Wrrrr~ss WaBSSOF, Borrower has eaecuted this Mortgage.
Signed, sealed and delivered
in the pre c~ of :
- ~ - - ~ - -----------------------(Seal)
~ 1~U 1~~Y a~er Boiro.?er ~
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_ La.~~i-- Ri-
~~k ~7..r--.Lakejauoad._~.arl~ ~6
Ft..Pierce~__Florida ,
Pmp~ty Addrees
STwrg oF F~xIDS, __Indiaa__Ii3.yer_____. _ Countp ss : ~
~
~ I hereby certify that on this day, before me, an officer dulv authorized in the state aforesaid and ~
in the county aforesaid to take acknowledgements, personallv appeared _~ur.r~y.__Boy~c'--Bnd_------_ {
f _Vict~orie._.Boy_er~.__his__t~~ffiene known to be the person(s) described in and who execnted the
. foregoing instrnment and acknowledged before me that __~~~y execnted the same for the purpose
tlierein eapreased.
Wrrx$ss my and and ot~'icial seal in the count~• and state aforesaid this day of
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:Ky Commission eapire~: _ _ _ . -
~ Notary Public ' ~r.
notur ru~ue sr~~ of ao~no~ ~T w~Ae :
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~ THRU GENERAL INSURANCE UNDERMIRRFRS 'n ~
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