HomeMy WebLinkAbout0183 19. Rorrower's Right to Reimtata 1~utwithsui~ding Lender's acceleration of the sums ~ecurrd by this \tortqaRe, Bor-
rowe~ shall ha~~e the right t~~ ha~r any p~ocerdiugs beRun by Lender to enturce this \tortKaRe discontinurd at any timc
prior ~o entry o( a jud~tnrnt e~i(arcinK this \lortqage i[: (a) Borrowr~ paps l.ender all sum+ Mhich would l,e theu due w~der
this \lortgage, the Nc,te and notcy srcurinR Future Actvances, i( any~ had nu accelrratiou cxcurrrcl: (b) HorruMer cures all
brraches ot any other corenauts ur .igrremenu of Borrower containeel in this \IurtkaKe; RurroNer pay~ all reasonable
rxpeuses incurrcd bv Lendrr in rntarciuq thr co~~rnants and. agrermcnts ot BorroNr~ containcYl in ~his \tortRaRe and in
rn(orciug Lende~'s remecties as ~irucidref in paragra~~h 18 hereof. inclu:linR, but not IimiicYl ~o, re:~u~nable auorne~•'s (res; and
(d) Borrower takes such actic.n as Lendrr ma~• reawnabl~~ reyuire to a,su~e that tl~r lirn ot ~his UuriR~Re, I.endrr's interest
in the PruE~erty and Burruh•rr's obligation to pay ihe sums ucureel by ihis ~(or~gaRe sl~all coutinue unimpaired. U~wn such
pamient and cure by Bor~ower, this \1or~RaRe antl the oUlikations stcured hereb}' st~al) rrn~ain in (uU (~~rcr and r(fect as i(
no acceleration had occur~ed.
20. Aasignment ot Re~ts; Ap~win~men! of Receiver. As additional security herruuder, Aurmwer herrby at~iRns to
Lende~ the rents of the Prope~t~, pro~~ided that AorroNer sl~all, prior to acceleration uncler paraRra~~l~ 18 hrrcY?( or abaudou-
ment o( the Propert}•, ha~•e ~he riRht to cullect aud retain such renu as the~• breomr due and pa~~able.
U~on accderation under paraKra~~h 1R hereof ~?r abandonment of the Property. Lender chall be entitled to have a re-
cei~•rr appointed by a court t~ enter u~n. take ~w.secsion o( and manaRr thr Propert~• aud tu collect the rents of ~he Pro~-
rrty, iucluslinR those F,ast etue. All rents collecteci t»• the recei~er shall br appliec! tirct to pa~•ment u( the co,tc of ma~~a~e-
mcnt n[ the Propert~~ and c~?Ilection of rruts, intludinR, but not limited tu, recei~~er'c (ees, premiums on reiei~•er's ba~eds and
rcau~nable attorney's (ees, and t1~cn to thr aums setured by thi; ~iortgaRe. 7~he recci.~er ~hall lx liabie t~~ accuuut only (or
those rents actually recei~•eci.
21. Fuwre 4dvances. Upon reyue.t by Borrow•er, Lender, at I.ender i option within thentt ~ears trom the date oi this
~iortqaRe, may make Future :~d~•ances to Rorro~ver. Such Future Ad~•ancec, with interrct tln•teon. ~hall be ucuTed by this
\(ortgaRe wl~en e~•idenced b~• promi~u?r~• n~?te. StatinR that said u~tes ate securecl herebc. :1t n~~ time shall the prin~~pal
amount o[ the indebtedneu srcured b~• this ~tortRaRe, not includin~ sums ad~•ancecl in accr,rdance hrrrhith tu protect the
sccurity o[ tliis ~tortRaRe, exc erd thr oriRin:~l amount of thc \otc plut L~SS NONE - - - - - - - - - - - - - - - - - - - - -
22. Releax. U~n payment ~~f all sums secured by this ~tort~a~e, l.ender shall relcau this ~tortRaRe Nithout charRe
to BorroNer_ RorroNer shall pa}• all cnsts uf recordation, if an~.
23. Attorney's Fees. :1s uscct in this \(nrtga~e and in thc Note. "attorne~'s fees" shall includr attornc~'s (ecs, if any.
which ma}• be awarded b)~ an appellate court.
1` <VIT\ESS WNER£.OF, Bonower has executed this ~fortgage.
Signed, sealed and delivered
in the presence of:
_ /
~Seal) .
- W LLIAM W. BASS, JR. -B°'*°"'°~
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-~:h~ ,.Cl. ~ at.C.,~:. ~ _ _ ' l I~ t ~i _ ~./C P ~ '.Z.
(SCaI)
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~ ° NANCY-' . ~ASS
Sl'ATF OF FLORIDA, MARTIN COUTItf SS:
I hereby certify that ~n this da}•, before me, an ~~fficer dul~~ aiuhorized in the state aEoresaid and in
~ the count~• aforesaid to take ackno~vled~ements, perse?nally appeared _WILLIAM W. _BASS. _ JR. _ and
I :VANCY ~J. BASS, his wife , to mc kno~vn t~ be thr person (s) deu-ribed in and
~.•ho executed the foregoing instrumenc and acknowledged beEore me that they executed the
{ same for the purpose therein expressed.
,
~ ~1'~r~fct my hand and official seat in the county and state aforesaid this , l lth day of
~ I4Tay _ , 19 7? .
3 -
:~'Iy commission expires:
'Sea17 Aotary• lie
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( Space Bebw This Line Heun~ed For Lender and Aecordcr?
} ; 52. 5~ Fla. Re~enue Stampc Recei~~ed S___?0• OO_ - in payment of taxes due on
~ Cancellcd un OriRinal \otr.
F_~ Class "C" IntanRiblc Pcrsonal Propcrtv Pursuant to
~ Chapter 134. Law•s o[ Florida, :1ccs of 1971.
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