HomeMy WebLinkAbout0986 18. 8oaow~isRigbttoR~iastat~. \otw•ith.tiu~diuK L~u~ler'r uceel~~ration uf tl?~• .~uus aecurt~l by ILis ~Iort,- ~
gage, Borro~ver :~}IAII IIA~~e ti~e ri~ht~ to l~a~•e :ui~ ~?roce~~linKx IKRun h~• I,~~n~ie~ to ~•nturcr thir ~lortKage ~iscon.
tinued at any time prior to entry• ot a judgu~ent enforcinK thi~ ~iortKuKe it: fal liurroa•Nr paya l.cndet nl) xwiu;
K•hich would he then duQ underthi~ ~lortgage, tl~~ Note:snil t~ot~r sc~utink Futun~ ~~Irance., it any, hnd no :iCCCi-
eration uccurred; (b) HorroA•er cuns all bteacli~s of an~• otl~rr ru~~rni~ntz or aRrcc~uent~ of Rorro~•er cont:?in~~i i~i ~
this ~lortgage; ) Borrow-er pt?ys all maso~whlc ~~x~~cuses incurrtxi I~~• Lend~•r in• enforcinK tl~c co~•en~nts ~?nd
agreeme~ts of BorroWer contained in thix ~lort~;ngc und in enforcinR I.~~nder'~ nn?~~iicr K,+ pro~•id~*~i in paraAru~?li ~
18 heteoi, includin~, but not (imiteci to, masunaLl~~ itttorney'~ f~~c~: atnd ~~i? I3orroti~•e~• tukes ~u~•1~ zictiun as Leniler
~uay reasonnbly rer~uirc to ~ure that thc licn oi tl~ir ~IortKaKc, Lendrr'~ intemst in thc Yco~>ert~• :~nd Borro~~cr'~
obligatiou to E>ay the ~un~s secumd by ti~is \lortkr~ge shal) continu~~ uni~n~?~~inxi. 1'~~on .uch paynieut ai~d ci~re 1?~•
Borrower, ~I11F ~IO[t~,A~C Ail(~ 1IIC O~~II~;A11U11~ ~~~e•ur~~l lie~rb~• ,I~nll reinain in full furcc :uu1 ~•~t~~et u~ if no acceleru-
tion had occurred.
Z0. llssignment ol Aenb: Appointment ol Receiv~r. A~ a~lditionai ~e~curit~• hernun~l~r, I3orr~~~~•~•r hi~mh~•
~?.~signs to l.ender the rnnt. of thc Propert~•. ~iro~•i~l~~ci that Rorro~~•er ~I~.ill, ~?rior tc? necc•leration un~ier ~~ars~;rn{~h
18 hereof or nbandonuient of tlie !'ro~x~rt}•, liave thc ri~hi to c•ullect :uul rntxin ~u~1~ rent. ~c thc~• beco~ne ~lue and
payable. ~
' Upon ~ccelerntiun under ~~arnRraph 18 hemof «r abandonment of the Yro~x~rt~ , I.e~~der shall F?e entitleci io ~
hn~•e a rnceiver a~~pointc~i by x court to enter iqu~n, tnke {?o.se~ion of xn~i m~na~e tiie Properi~ a~d to collect the ~
rents of the Propert~~, includinR those ~~xst ~lut~. :\ll mnt. collect~~1 1?}• tl?e reeei~•er ~hall I,c a~?~~lieci fint to rh~~ment ~
of the casts oi ~nana~ement of tlie Propert~ ~0~1 ~oltection of rcnt., inctudin~. i?ut not lin~itect to, mcciti~cr ~ fc~,
premiums on rncei~er's t~onds and reasonuhlc attorne~~'s fec~, an~i then to flu~ •emi. •ccurcvl h~ thi. ~iort~ake. Thc i
reeeiver shal) t~ liable to account only for tha~e rent~ netuallt• mcei~•ecl. ~
,
21. Fuhue Advcmees. Upon mquest 1?~• Borm«•er. I.enrter. ~t Lc~ncler'c option n•ithin t~?•ent~ ~•ran from thc .
ctate of this ~Iort~age, mta~• make Futum ~~h•anc~~~ to Rorrow•er. Sucli Future,~~1~•nnce~, ~.ith intere:t themon, shall ~
be secured by this ~iortgu~e ~~hen e~~idence+l 1?~• ~?romi~:un• note~ stating tl~at ~xid notes am sccu~i hemb~. At no ?
time ~i?all thc ~~rincipnl amount of the indehtc~lne~. ~c~i~m~i ht this \tortga~c, not inctu~iin~ ~ums ad~•nnce~l in
:iccorrian~~ hetrwith ta Z~mtcrt the securit~• of thi~ ~tort~A~e, excei~i ti~e original a~motmt of the \Tote plu~ '
US t 15,OQQ.QO _ . ?
22. Release. LTpon pa~ment ot ail .mn~ ~ecurcxl 1?~• thi~ \lortK:~~;e, Lend~~r ;ht~lt relcase thi. \IortRaKe ~ritt~out
charge to Borrower. Rorro~~er ~hall all cost~ i~f recordntion. if un~~.
I:c ~`~ITNES.S `t IIF.RE()F~ Borro~eer h~~ execated thi5 ?1~ortgage. ~
~
Si~?ed, sealed and clelivered ;
in t resence of :
i
. / ~ . , -~q~
C .
' . ' ' . ~ l~ .?if fw
` - i ~,/c s C~ .l ~/Lts':i~' J• (Ses11
~ ~nonc~ B. VanMeerten ~ r-eo,~Rer ~
P~
~ - - - - (Seall ~
-~S~~A'~ - - - - - - -
-Borro~rer ~
.
_._148,_~.. -l~th- S-~r~~t-- ~
~
-Ft.. __Pierce,--~7.~r-~cia-----• ~
Propercy Addre~ ~
~
~z•~TF: OF FIARIDA~ Indi3n River Count~ ss : ;
I hereb~• cert.if~• tl~at on this ~1a~-, betiore me, an oflSc~er dulr auth~rized in the state .~faresriid a~id Y
in t[?e coui?t}• .iforest~i~l to fake acknmrled~enu•nts, pei•son.ilh• t~ppeaf•ed . R~ymond B_. . ~
VanMeerten , to me known to be t}ie perso~t(~) described i2~ and ~r•lio c~ecuted th~•
fore~oin~ instrument and ackno~•led~~d hc~forc~ ?«e that ~e execiited th~~ sum~ for tl~e ptu•~~o~~• ~
ti~erei~e ~cpressed. ~ ~
~tt'tTxFS~ m~- l~aucl and ~tiici.il .~>al iti th~~ cc~uf~t~- an~l st.~t~~ ~~forr~.~id this , rp - dav of ~
_ _ - - ~c~~ _ . ,19 76 ~ ? ~
Ji~ ('ommissi n expires : ~
-a~~G~'G~ ~ Ca-~~r~-~ - ~
- Not~ry Public
NOTARY PURI(C StA;x' OF FIORiDA AT iARGE ~
MY COA!M.'~:;^•.~ ~ ;nr-c t~ . = .
QOAlUFDTHRUGE~l.`.4D,~ ~.._F-~~••rr^ •~•~-^~•t•Y;n~ ~t~t Z 3'R~~~~'• i
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oue oM w?ss ~ urr~r+oiei.E~ ~rw~ a T~ s~ c? ,r,~
FURS~AMT TO CIIMTER 71-134~ P~~~' ~ ' : , ~ ~
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