HomeMy WebLinkAbout1181 ~ ~ i~vs~
1~. Bonow~i
s Right to Aeiastat~. Notw~itl~standing Ixncier's acceluration of tlre ~umx ~ecured by this ~1ort-
gage, Aorrower shall l~ave the right to ha~~e uny ~~roce~~ciin~s hegun 1,~~ 1.ender to enforce this ~iortgnge discon-
tinued at any time prior to entry of a judgii~ent entorcing tl~is \tottgage it: (al Borrower pays I.ender all sun~s :
which would be then due under this ~iortgage, thc ?~otc am1 notcr securing Futurc A~h•ances, if anv, had no accel- ' ~
eration oecurreci; (b) Borrower cures ali'bms?ches of any otl~er co~enant~ or agecements of Borrower contained in 4
' this Mortgage; (cl Borrower pays all masonable cx~enses incurrcci b~• I.endcr in entoming the co~~enants and
agreements of Borrov~er eontained in this ~lortgage und in enforcioR I.ender's remeciies as pro~•ideci in paragraph
18 hereof, ineluding, but not limited to, maso~al~le attorney's fecs; a~~cl (~il Bortuwer takes sucl? action as I.ender
may reasonablyre~uire to nssum that tl~c licn oi Ihis ~[ort~a~c. I.cnder's interest in the Pro~?crt~ and Borrower's
obligation to pay t6e sums securc~ by this ~iortgage shull continuc unin~puireci. i!pon such payment anci cure by
Borrower, this \iortgage and the obligation~ secured li~ml?~• .liall mn~nin in full fome ~n~1 effect us if no accelera-
tion had occun~ed. ~
ZQ ~ssignment o! Renbc Appointment o1 R~ceiver. ~s ndditional •ecurit~ hereurnier. BorroWen c~reby
ussigna to I.ender the rents of th~ Propert~y, pro~•iderl tl~At Rarmv?er shall, ~?rior to accelerntion under para~raph
18 hereof or abandonment of th~ Propert~ , ha~•c tLc ri~ht to collect an~i retsin sucl? rents us they I~ecome due and
payable.
' ~ Upon accele~ution under paraRraph 18 hemof or abnndonment of tlie Prorerty, I.ender shal) be entitled to
ha~•e a recciver appointecl b~ a court to entcr upon, take po~secsion of and manage the Property and to collect thc
rents of the Property, includi~g those ~~ast due. all rents collecteci b~• the recei~•er shall l~e applied fir~t to payment
of the costs of ~nanagement of the Propertf and ~ollection of mnt~, includinR. I?ut not limiteci to, recei~•er'c fees,
premiums on receivcr's bonds and reasonable attorney's fecs, ancl then to thc ~un~s secured by this \1ort~aRe. The
receiver shail be liable to account only for thosc mnts actuall~ recci~~ed.
Zl. Future Advcmcea Upon request Borro~eer, I.ender, at I.cnder's option ~~ithin t~~ent} years from the
date of this \fortg~ge, ma> >nake Futum :1d~~ancc~ to Borro~~ cr. ~itcl~ Futum ~dvances, ~~•ith interest thereon, shall
be secureci by thi.s ~Zortgage ~ hen eridenceci b~ promi~sory notcs stAting that ~.qid notes are secured hereby. At no
time shall the principal amoimt of the indehteclnec~ secumci b~ this Vort~aRe. not includinq sums ad~•anceci in
accordancc herew ith to nrotect the security of thi~ ~Iort~a~e, exceeci the original amount of the I~`ote plus
US i_10_,_0_OQ_.~0.-- •
22. Aelease. Upon pa~ ment ot nil sums secured 1?~ thi~ ~Iortgi~ge, I.ender shall release this \iortgage without
charge to Bormwer. Borroner shall pay all cost~ bf mconlation, if ~?ny.
IN `tTITNESS ~~I~EREOF~ Borrower has executed tLis ~iortgage.
Signed, sealed and deli~~ered
in the resence of :
. r
- - -(Sea11
- g
- - - -
Patrick J. Lan e~. -Borro~er
.
l•
- . .a - -(Seai)
Barbara A. La~1gel -~~wer
" J~nkin.$---~tQ~d---------------------------------------------
Ft-~ ---p~~r_~~ ~---F1QSisla
; p,ro~nY ~aa~
~ St Lucie
f STaTF. OF FLOAIDA~ COUiIt~ SS :
~ I hereby cert.if}• tl~at on this day, before me, an officer duh• authorized in the state zforesaid and
~ in the count~• afore5aid to take ~-leclaements, per~onall~ appeared _ Patrick J, Langel &
~ Barbara A. _ Langel, hi~~e known to be the ~~erson(s) described iii and ~vho executed the ~
~ fore~oing instrument. and acknowledged before me tl~at they execnted the same for the pu~pose
therein expressed.
~`TIT ss m~- l~and and official ~eal in ti~e;ount~- ~uid ~tate aforesaid this a_~ day of
- ,../~c.~.~ ,19 _7.5_. - •
.K~ Commission ezpires: _ - - -
NOTARY f•U"c11: S!AiE vF Fl(.~+.IDA Il{ lf~K(iE , a otary Publi~••~'..
MY C'OMMISSION ExPtRES NOV. 18. 1~778 ~•:'.~•~;~t?''•,~bl"~
dOND:D iHicU GE\:RAI INSURRNCE UNDfRWitll:k.~. ' ~ " ' -
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