HomeMy WebLinkAbout0073 19. Bor~o~vM'~ Ris6t to Rtiwtate. Notwithuar?ding Lender's accele~atioo o( the sums secured by this rtortRage. Bor-
rower shall have the right to have any proceedinga begun by Le?~de~ to en[orce this ~lo~tgage discontinucvf at any time '
prior to entry ot a judgmeot eotorcing this Mortgage if: (a) Bor~ower pa~n I.ender aU sums which would be chen due und=r
this Atortgage. the Note and noca securing Future Advances, iE any. had no acceleratioa occuned: (b) Borrower cura all
breaches o( any other covena~u or aqreemena o[ Borrower contained in this Mortgaqe; (c) Borrowe~ pays all reasonable
expenses incuned by Lendr~ in entorcing thc covenanu and agreemenu ot Borrower contai~ed in this .Atortgage and in
entorcing Lender's remedia u pwvided in paragraph 18 heteo(, indu~ing. but not limited to. ~tasonable attor~ey's tees; and
(d) Borrower taka such action as Lendec may reasotubly require to aswte that the lien o( thi: ~tortgage. Lende~'s interest `
in the Property and Borrowe~'t obligation to pay the sums securcd by this Mortgagt ahall continue unimpaireci. Upon such
paymtnt and cure by Bonower, this Morcgage a~d the obligations secured hesebr sha0 rcmain in tull torce and et[ect as if
no accelention had occutrcd.
20. Arigaa~eat o[ Rent~ Appoinuaent oE Resetver. As additional security hereu~der. Borrower he~eby assigns to
Lender the re~ts of the Propen~, provided that Borrower shall, ptior to aaelcntion under panqraph 18 hereo( or abandon•
ment o[ the Property, havc the right to collect and retain wch rents as they becoane duc and payable.
Upon accelention under pangraph 18 hereof or abandonment o[ the Propertr. l.ender shall be entitled to ha~e a cr-
ceiver appointed by a court to e~te~ upon, take posscssion ot and ananagt the Property and to mllect the rents of the Pro~
erty. including those put due. All rents collected by che recei~•er shall be applied fint co papment of the costs oi managa
ment of the _Property and collection o[ rents, including. but ~ot limited to, recei~•tr
s tets, premiums on receiver's bonds and
rrasonable attorney's fees. and then to the sums secured br this ~~ortgaqe. Tht receiver shall be liable to acmunt only for
[hose rents acwaAy receivcd.
Yl. Future Adrancea Upon request by Borrower. Le~der, at Lender's option within twenty years irom the date oi this
Atort~age, ntay make Future Ad~~ances to Botrower. Such Futurc Advances. with interat thcreon~ shall be secured by this
Mortgage when evidenced by promissory notes stating that said nota are secuted hereby. At no time shall the principal
amount of the indebtedness secured by this ~fortqage, not including sums ad~~anced in acconiance herewith to protect the
security ot this Moctgaqe, exceed the o~iginal amount o[ the Note plus USS
22. Releaie. Upon payment of all sums secured by this :1~ongage. Lender shall release this \fongage without charge
to Borrower. Borrowet shall pay all costs of recordation, iE any.
23. AttorneYs Fces. As used in this riottgage and in the Note. "attorneY's ites" shall include atto~ney's fees, if any,
which may be awarded by an appellate mun.
Ix WITNESS WHEREOF, Borrower has executed this Mortgage.
'tnesses as to Doyle W. ~hampion:
Signed, sealed and delivered ~ • ~
in the presence of:
.
~r . (HIS MARK) (Seal)
DOYLE W. CHAMPION
BONNIE W. HAMPION . 1~
Srw~ oF Fi.ox~~, MABTIN Councy ss:
I hereby certify that on this day. before me, an officer duly authorized in the state aforesaid and in
the coun~ty aforesaid to take acknowledgements, personally appeared ~Y~ w. CHAMPION and
BONNIE W. CHAMPION, his wife , to me known .to be the person (s) described in and
i wha executed the fore~oing instrument and acknowledged before me that _ they executed the
~ same for the p~rpose therein expres.4ed.
I
k WrrNESS my hand and official seal in the county and stace aforesaid this ~th day of
E March . 19 .
,s
My:sody~i'ission expires:
, tse.Al-, x«..r w~
~ ~ ~ _ ' + ~ ? I " ,M~, Cowr.~;ssion E,c~:ces Oct. 4, ~1480 ~ 1
_ : - . . _ ~ . ' Mw.~ ~7 w....w i.. ~ c.w.r, cc~w.q
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(SP~ Heiow 71~ I.ine Reserved Far t.ender aod Reoadu)
; 41. 85 Revenue Stamps _ Received S 55. $0 ~n payment of taxes due on
Cancelled on Original 11Tote. ~
~ Class "C" Intangible Personal Property pursuant to j
Chapter 134, I.aws ot Florida, Acu oi 1971. ~
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~ ~ 265 rncE 72