HomeMy WebLinkAbout0722 19. Botrowe~'~ Righ~ to Iteinstale. Notw•i~hstandiug I.endr~b a~cck~atiuu ot the .um~ .rcur~ci by thi. ~t~~rtKaRr, A~r•
ruw•cr ~haU ha~t thc ~iKht tu ha~r au) ~x~xrcdiuK~ iK•Kuu bY l.rndrr to rnlu~cc thi. ~turtKaKc ~liKO~uinurd at any time
p~iur iu cut~y o[ a judRmrnt enturiinR this \1~utRaKe iL• (a) Borrowrr pa~s Ixnd~r all eum~ which wuuld br ihrn dur ui~der
this VortKaRc. the !\'utr. aud iiutr. u~~urinR Futurr Ad~ances. i( auy. had n~~ au~l~ration ~KCUrrcYl: (b) Burr~iw•r~ cu~es ~II
breachrs ot any nther co~~cuants or aK~remrnts ot A~rrower u?u~ained in thie \I.~~txaKr. (c? Bu~~uMCr pa~. aU ~ra~nable
rxprn~es incurrecl by t.rud~~ in rutureinR the co~•enants and aRrremrnts o( Borrower c~,ntainrd iu thi~ ~I~?rtRaRe and in
ru(orciiiR Lender's rem~clirs •r. pn»ide~l in pa~aR~aph 18 hereof. inclu;liug. but uot limi~r.l ~u, rrawnablc au~,rnc~•'s teea: and
(d) R~~rruwer wkea suih actiou a. l.rudrr ~oay rrax,uably rrquire tA d~Stl~r that thr liru ot ~I?is ~ton~:~Kr, Leudri ~ interest
in th~ Nro~>erty and }iurrowrr's ubliKa~iun tu ~?ay the sums sec~ueci by this \IortRaKe ~haU c~~ntiuue unim~,aired. t!~x,n such
payment and cure b~• Bo~mwer, thi~ ~Ior~R:+Re aud the obliKatiom securcYl hereby ~hal) rrmaiu iu lull lurer aud r(tect as i(
no acceleration had accu~rrcl.
:0. Aasignmeot o( Rents; Ap~wintme~t u( Receiver. As additional securit~• h~rrund~r. Aurn~wer hereb~• as.iRns to
t.ender thr rents ot the Pro~?e~ty. pru~•idrd th•rt BurruN•er ~hall. priur to accelerati~?n uudet paraRra~,l~ IK 6rrcut ~~r abandou-
mrut ut the I'ro~~erty. ha~r thr ritiht to cullrct and retai~~ ~uch rents at thty f?ccumr duc and ~~a~rble.
l'~wn acteleration uuder par.~Rra~?h IR herrof ~~r abandonmrnt ut the Propcrt~~. Lcudrr ,haU be c~iti~lerl ~o have a re-
cei~er ap~intrd by a court tu en~er u~rm. take ~x~.u•.cion o( and manaRr thr Proper~v and tu collect the rri~ts.,f the Prop-
rrt~~. i~~cludi~~R tt~ose past due. :1U n•n~~ c~ilfected bv the teceivrr +hall be appliecl (irst tn ~,a~-mrnt ot the cn.t< mauaRt-
mrnt u( the• Property and cullection o( rents. includiuR. bu~ n~?t limitcvl to. rccei~•cr'~ (cr,. ~,rcmium+ uu rc~eiccr'c f?ondc and
re~wuable auorne~'s (ees, and thrn tu thr tumc ~ecured b~• thi. \tortqaRe. ~Thr recri~rr +hall In liable to a~cuuut ouly (or
thusc rcnta acwall~ recei~~ec1.
21. Future Advances t'pnn re~~ue,t b~• Borrnwer, l.e~~der. at I.ender'~ option within.twentv ~~earc tr~m the date of this
\IortRaRr, n~ay make Future Ad~ancrs to Rorr~?Mrr. tiuch Ftuu~r .~dranceti, with ii~tere~~ thrre~,u. .h:~ll be securrd by this
VurtRaRr when r~•idencctil t,~• ~?rrnni.v?r~• no~e. ,tatinK that said notes are secured herebv. :\t nu timr +h~ll tl~e principal
am~~unt of the indebtnlne~s secured b~• thiti ~I~~rt~;aRe, uot includinA wms a~1~•antcYl in :~c~~~nlan~e hrrewi~h pr~tect the
securit~• this \tortRaRr, exceccl thr nriKinal :~mouiit ot the \ote pluc USS NONE---------------------
22. Releax. Upon pacmen~ oi all xums ~rcured by this \1ortRaRr, I.endet shaU relra~e this \IurtRaRr Nithout charRe
to Aorruwer. Rorrowrr shall pa~• ali c~~sts of rccnrdation, if any.
23. Attorne?'s Fees. :\s uuY1 iu this UnrtKa~r and in thr \ote. "attorne~'s fee~' shall includr •rttornr~'c (ee•c, i( any.
Mhich ma~• be aMarded bv an apprllate cnurt.
Ix ~Vtr~FSS ~VHF.RF.OF, Bono~.er has executed this :11~rt~ge.
Signed, sealed and delivered
in the presence of:
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- <~+141~ ~ lli_--- (Seal)
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" - - - - CAS G. LYNN _e«~.~.
1, :'7 / .
\ i - - l~tZ1~ ~2_ ~S c'~~'"'" (Seal)
PAMELA K. LYNN -~n
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" STATF. OF FLORIDA, vIARTIN County ss:
I hereb~• certify that ~n this day, bef~re me, an ~fficer duly authorizecl in the state aforesaid and in
the rouncy aforesaid to take ackno«~led~ements, pers~mally appeared CASEY G. LYNN and
PA~IELA K. LY~TN~ his_wife t~~ me kn~nvn t~ t~e the person (s) dexribed in and
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~.ho executed the foregoing instrument :~nd acknowledRed hefore me that they executed the
sa~nc for ~the pur~s~ therein expressed_
~ ~VtTxFSS my hand and official seal in the county and 1tate aforesaid this 14th day o[
~ Nlarch _ _ . ~g ?7 .
:~fy c~mmission cxpires: ,.J
~ - ~ : [s~,q _ . ~ a r~bs~ - .
My Comrr.ii::.a f,,.;tes Ott. q ~yc •t
' l; = b~~.1 a• A r..n;~n I.r~ 6 La:.~+fi ..q
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(Sp~ce Bebw This I.ine Pexn•ed Fa I.ender and Recorder) .
~ S 46. 5~ Fla. Rcccnuc Stamp. Received S 62• in payment oi taxes due on
; Cancelled on OriRinal \ntr_
; Class "C" Intanqiblc Fersonal Propcrty pursuant to
' Chapter 134. LaMS o( Flotida. Acts o( 1971.
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