HomeMy WebLinkAbout0816 19. Doc~ower's Right to Relwtate. Notwithstanding Le~der t acctlention o( the sums xcured by this Aiortgage, Sor-
rower shall have the right to have any ~roceedings begun by Le~de~ to en[orce chis Alortqage discontinued at anr time
prior to entry of a judgment enEoniug this Mortgage i[: (a) Borrower pays l.ender all suans which would be then due under
this Mortgage. the Note and nota securing Future Advanca. if any. had no acaleration occurred; (b) Borrower cvra all
breaches ot any other oovena~ts or agretmenu ot Botrower contained i~ this Mortgage: (c) Borrower pays all reasonable
expensa incurred by Lender ir entorcing the oovenanu and agreements of Borrowe~ contai~ed in this Atortgage and io
eniorcin~ Le~der
s remedics as provided in paragraph 18 hereof. inclu3ing. but not limited to. reasonable attorney's tea: and
(d) Borrower taka :uch action u Lender may reasonably require to uwre that the lie~ o[ this Atortgage. l.e~der'e interest
in the Propertr and Borrower'~ obligation to pay thc suau secured br thi~ Mottgage shall continuc unimpaired. Upon auch
payment aad cure by Borrowa, this Mortgage and the obligatio~s aecured hereby shaU remain in [ull Eorce a~d e[tect as iE
no accelmtion had occurnd.
20. Awignment of Reat~ Appointment o[ Reoei~er. As additionai ~ecuriqr herrunder. Borrower hereby auigns to
I.ender the rcnts of the Propertp. provided that Borrowec ihall, prior to acalention under paragraph l8 hereot or abandon-
ment of the Propetty, have the right to mllect and Tetain such rents u they become due and papable.
Upon accelention under paragraph 18 hereof or abandonment of the Property. I.ender shall be enticled to have a rc-
ceiver appointed by a court to enter upon. take possession ot and manage the Property a~d to collat the rents ot the Prop-
erty, including thoae put due. Aq rtnts coUected by the receivet shall be applicd Eint [o paymtnt of the coscs o[ managa
ment of the Propaty and milcction oE rents, including. but not limited to, receiver s tees, premiums on raeiver's bonds and
reasonable attorntYs fea, and then to the sums secured by this Mortgag~. 7'he raeiver shali be liable to account only for
those renu actually received.
Yl. Future Ad~anan. Upon request by Botrower, Lender. at I.ender's option within twenty yean trom the datt oE this
Mortgage, may make Future Advanca io Borrower. Such Future Advancrs, with interat thereon, shall be secured by this
Mortgage when evidenctd by pmmissory notes stating that said notes are sccvred hereby. At no time shall the principal
amount ot the indebted~ess secured by this 4(ortgage. not including sums advanced in. accordance herewith to protect the
secvrity of this Mongage. exceed the original amount oi the Note plus USS NONE - - - - - - - - - - - - - - - - - - - - -
2t. Rdaue. Upon payment oi aU sums secured by ehis Mortgage, Lender shall release this N~ongage without chuge
to Borrorver. Borrower shaU pay all costs of recordation. if any.
Y3. Attorne~s Feea. As used in this Mortgage and in the Note. "attorney's fees" shall indude attorney's [ees, iE any.
which may be awuded by an appellate rnun. -
IN WITNESS WHEREOF, Bonower has executed this MOTtg'dgC.
Signed, sealed and delivered ~ _
in the presence of:
. .
' .
(Seal)
MI HAEL A. FOLIGN -B°"'°"°`
. -
_ - - (Seal)
NJEJW_uJJERSEY . I~ d 5 0~
STATE OF ~IAI~D/i, ~ County ss:
I hereby certify ttiat on this day, before me, an officer duly authoriaed in the state aforesaid and in
the county aforesaid to take acknowledgements, personally appeared MICHAEL A. FOLIGNO,
~ a sin le ma n , to me known to be the person (s) described in and
~ who executed the foregoing instrument and acknowledged before me that he _ executed the
~ same for the purpoae cherein expressed.
WrttivESS my hand and official seal in the county and state aforesaid this ~ day of
May , 19 ?7 . ~
-11~Iq cgmmissi~n expires:' ~ ~AN ' ~ ~
~GQ?~`... ~ R~ DUBIIC Of NEW ~ P°bK` .
= a
:~pr,; _
r ~~0 21, 19)IV
: Si : -
`6LIG -
. c~j~ i
1~ ~
F:: .a`
• .
(Sp~ee Below This Line Reserved Far I.eoder ~ad Recorda)
; 20 FIa. Revenue.Scamps _ Reaived = 9• 60 in paqment of taxa due on
Cancelled on Origi~al Note.
Clus "C" Inungible Personal Ptoperty pursuant to
~ Chapter 134, Laws oE Florida. Atts of 1971.
~
~
~ 'I~ Cailecto+r
~
,
~
~ ,
60 K~•up PAGE 8
~5