HomeMy WebLinkAbout0948 19. Do~rowa'~ Ri~t a AelpMSta Notwithwndlaa Letider'~ aaekratioo ot the ~ums secured br tha blo~taage. Bor-
mwer ihaU have the ri~ht W havt any p~oaedir~ be6u~ bp Ltoder to e~[ora tha Mortgage diuontinued at aor time
prior to entry oE a juda~nent entorciaa thL Mottaa~e lt: (a) Do~ro~?e* par Lender all wms which would be then due under
cha Mortaa~e, the Note and nota iccurias Fucure Advaucd, tE any. had no acceleration oaurred: (b) Bot~rowK cuita aU
breuha oE anp other ouvenanu or a6ctemenq o[ Soti+o~re~ contaiaed in thb Mortaa~e: (c) Borro~ru pa~rs aU reaaonable
expenus incurred by Lender in e~(oning che oovenanu and asreetaenu ot Borrowrer oontained in tht: Mort~age and in
e~torci~g Lendn'~ reinedia as provided ia Pacaaraph ld hereof, Indu3ins, but not li:niced w. rtaanabk attorney's tec~; and
(d) Borw~rer caka wcd ucion a l,ender may rea~nablr require to a~wre thac the lien ot thu Monga~e. Ler~der's Interpt
irt the Propertr and Borrowe~'s obligatio~ to pay tlu wm~ iecured ~y thL Mortsa~e shall coutinue u~impaircd. Upon wch
p~yment and cur~e bp Borro~rer, thL MortKaae aad the obliaatioas secund hereby shaU remain In tuA [orce and eUect as it
rw acaleratioa hid oavrrcd. .
~0. Asisament u[ Reat~ Appoinca~ent af R~cei~er. As additiooai securit~r 6ereuoder. Borrower hereby auigns co
Lender ~t~e reats oE the Prvperty. provided that Borro~rer shalt. prior to aoakration under paragraph 18 hercof o~ abandoa-
me~t ot the Propenr. have the righc to copect.and retain wch renta u they beoome due and payabk.
Upon aoakration under paragrsph 18 hereoE or abandonment ot the Property. Lender shall bc entided to have a re-
ceiver appoiated br a oourt w e~ter upon. take possesiion of ar~d manage the propertr and to ooUect the renu o[ the Prop~
erty, includir~ tho~e pau due. All rents collected by the rcceiver shaU be applied (irst to payment of the cmts ot mana~ t
ment of t6e Property and rnllection of rents, i~duding, but not lfmitcd to. receiver's tees, premiums on receiver's bonds and
reaso~able attorneY: ka. and the~ to the wms secured by this Mongage. The receiver shall be liable co acrount only tor
thoae rents accuallr n~ceived.
41. fl~tnre Ad~anoa. Upon request by HorTOwtt. Lender. at Lender's option within t~re~tr yean (rom the date oE this
Mortgage. may make Future Advances to BorroMret. Such Future Advanoei, ~rith interest chereon. shall be secured bp tlw
Mortgagc rvhen evidenced br promissory nota sating that aaid nota ue secvred herebr. At no time ~all the principal
amount of the indebtedaas secured br this Mortgage. ~rot including wms advanced in accordana herr~rith to protect the
xcuritr o[ this Mongage. exceed the original amount o[ ehe Note plw USf NONE - - - - - - - - - - - - - - - - - - - - - -
YY. Reka~ Upon payment ot all wmi ~ecured by thu Mortgage. Lender shall releue thu Mongage ~richouc charge
w Borro~rer. Borrower shaU pay all casa ot recordacion. if a~r
23. Atwsne~s Feea As used in this Nongage and in the Note. "attorney: fea" ahall include accorney's fecs, iE anr.
which may be a~vuded by an appellate coun ~
IN WITNESS WHEREOF. Borrowrr has executed this Morcgag~e. ~
Signed, sealed and delivered
in the presence of:
(Seal) •
WADE NDERS
iC~E,(,~. o`~
MICHELE P. SANDERS
STATE OF FLORIDA, MART~ Countq ss:
I hereby certify that on this day, befon me. an officer duly authorized in the state aforesaid and in
the county aforesaid to take acknowledgements, personally appeared _VSIADE J. SANDER~ 2~nd
11t~~CHELE P. SANDERS, his wife , co me known to be the person (s) described in and
who execuced the fare~oing instrument and acknowledged before me that they executed che
same for the purpase therein expresstd.
~ WmvESS my hand and officiaf seal in the county and state aforesaid this da of
; --APr~ , 19 . Y
i My ao~mission txpirea:
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' Cor..
T,; ~ r Y t aissi~n Exrxes Oct. Q. 19~Q ~
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cav.o. Ddo.. '[6i. IJae awr.+sa Fa T..va.~ .va x.oo.aa.~ -
s 36• 00 Fla. Revenue Stamps Reteived ; '48• 00 in payment of tua due on
~ Cancellcd on Original Note.
f
~ Clas~ "C" Inungible Penonal Property pursuant W
Chapter 134. I,arvs of Florida, Acts of 1971.
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