HomeMy WebLinkAbout0799 19. Rorrower's Rtsht to Relastata Notwithitanding I.t~der's acccleration of the sums secuicd by thi• \fortgage. Bor-
ruwer shali have the ~ight to have aur pcoceeding~ begun br Le~der to entorce this ~tortgaqe disconti~~uecl at aoy time
prior to entry ot a judgment en[orcing thu Mort~a~e i[: (a) Borro~ver paps l.ender all sum~ which would be thrn due under
this Atortgagr. the Notc and notes secu~i~a Futute Ad~ances. it any. had reo acceletation occurrccl: (b) Borrower cunY a11
breaches ot any othe~ covenana or a~temenq ot Borrower contained in this ~fQr~Rage: (c) BorroMe~ pays aU reasonabte
expenxs incutrcd by l.endcr in entorcing the covenants and agteemenu ot Botrower contained in this ~fortgage and in
eo(orcing Lender's rcmedia as pro~•ided in paragraph !8 heteof, inclu~ing. but noc limited to, reasonablc attorner's fea; and
(d) Aorrowcr taka such action as Le~de~ auy reasonably rcquire to assurc that the lien ot this ~iortgage, l.ender's interest
in the Pmperty ar~d Borrower's obligation to pay the wms scturcd by this Atorcgage shall continue unimpaircd. Upon ~uch
parnent and curc br Borrower, this Mongage and the obligxtions secured hereby shall reauin in tuU (orce aud ef[ect as it
no accelrncion had oavrred.
ZQ A~ignment o[ Rentr Appointment oE Receirer. As additiona! security hereurxler. Burruwer hrrcby auigns [o
Le~der the rents of the Property, provided that Borrowet shall, prior to accelention under paragraph 18 hereot or abandon- ~
ment o[ che Property, have the right to mllect and reuin such rents as they becomc due and payable.
Upon xcelention undrr ~arav^?arh 1R h~~f _ti3r~!~•;mer.t ot the Prspezty. Lendcr stia;! bc tr?title:S tu L~.e .~c-
ceiver appointed by a court to e~ter upon, take possession o( and manaqe the Property and to collect the rents ot the Prop-
erty, including those put due. All rents collected by the receiver shall be applied (int to payment o[ the costs maoage-
ment of the Property and collection ot renb, including, but not limited to, receiver's fees, premiums ~a~ receive~ s bonds and
reasonable attorner's [ets. and then to the sums setured by ttiis \fortgaj{e. The raei~•er shaU be liable to account only tor
those rents actuallr received.
YI. Future Adrancea. Upon requst by BorroMer. Lender. at Lender's option within twenty years trc?m the date o[ thu
\tortgage, taay make Futurc Advances eo Borrower. Such Future Advances, with interat thereon, shall be secured br this
~tortgaqe Mhen evidenced by promissory notes ~tating that said notes arc securcd hercby. At no time shal! the ptincipal
amount o( the indebtedness securcd by this ~tortqaqt, not including sums advanced in accordance herewith to protat the
security of this Afortgage, exceeci the oriqinal amount o[ the noe~ p~~: uss NONE----------------------
YY. Releasa Upon payment of aU sutns securcd by this ~(ortgage, Lender shall release this \iottgaqe without charqe
to Borrower. Borrower shaU pay all costs of recordation, it any.
Y3. Attorneys Fces. As uscd in this ~tortgaqe and in t6e Note. "attorney's fees° sha11 include attorney's tees, i[ any.
which may bt awarded by an appellate court.
Inr WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, sealed and delivered ~ ^ ~ (Seal)
in sence of:
Constantino Costanz - wer
i ~
! F orence Cost o - -~s~a
~
Cathy J. Costanzo -
STATE OF FLORIDA, MARTIN County ss:
' I hereby certify that on this day, before me. an officer duly authorized in the state aforesaid and in
' the county aforesaid. to take acknowledgements, p~,~ appeared Constantino Costanzo & Florenee
i Co stanzo~ h/w & Cathv J. Costanzo, a married , to me known to be the person (s) described in and
~vho executed the-foregoing instrument and acknowledgeci before me that _ they_ executed the
same for the purpoae therein expressed.
I ~'VrrxESS my hand and official seal in the count and state aforesaid this l~th ~
~ March , 19 qq y day of
; My commission expires:
tsa.~~ h ~
~ ~ N,~t PubF.c ~
~ .,`C Hr . 5.2~C OI fIJJ~,:i ~t I,ifq1
' 11~ Comu~ission Ecpices Oct. 4, 1980 '
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~ s 57. 3O Revenue Stamps Received S ~6. 40 ~n pa~rment of taxes due on
Gncelled on (hiqinal 1\'ote.
Class "C" Inungible Penonal ' Property punuant to
Chapter 134. L.aws of Florida. Acts of 1971_
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