HomeMy WebLinkAbout0287 19. BormrreCs Riaht to Reiiwate. Nocwithsanding Lmder's acceleration oE the sums secured by ihis Mortgage. Bor-
rower shail have the right to have any procecdings begun by Lende~ w enforce this Ato~tgage disconti~uecl at any titae
prior to entry of a judgment e~Eorcing this Mortgage i[: (a) Borrowc~ payi Lender all sums which would be then due under
chis Mortgage, the Note and nota securi~g Future Advanta. it any, had no acceleration occurred; (b) Botrower cures aU
brcaches d anr other oovenants or agreements ot Borrower tontained in tha Mortgage: (c) Borrower pays all reasonable
expenses incwrcd br I.ender in en[orcing the covenants and agreemenu oI Borrowcr conained in this Atortgage a~d in
en[orcing La~der i remedia as ptovided i~ paragnph 18 hereo[. inclu~ing. but not limittd to, reasonable attotney's tets; and
(d) Borrower taka such aaion as Lender mar reasonably require to assure that the lien oE this Nortgage. Lendcr'c intereu
in the Property and Borrower's obligation to pay the sums securcd by this Mortgage shall continue unimpaircd. .Upon such
payme~t and cure br Borrower. [his Mangage and the obligations secured hereby shall remain in tull tone and eftect as it
~o actelentio~ tud oocvrred.
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iY. tlfiii(~Ui1lr~il t1i RIU~ N~iiNitUtifiCUl W ACCC?~Gi. K~ AUUIUUji~~ Kiiii~i~ 1?il~u~wCf. uwiu~?~f uc~a.u~ iaat~w :u
Lender the rents of the Property, provided that Borrower shall, prior to acalention under paragraph 18 hereof or abandon-
ment of che Property. ha~~c the right to mllect and reuin such reats as they become due and payable.
Upon aucleration under paragnph 18 hercof or abandonment of the Property. I.ender shall be entitled to ha~e a n-
ceiver appointed by a court to enter upon. [ake possession of and managc the Property and to collect the rents oE the Prop~
erty, induding those put due. All rents mllected by the recei~er shall be applicd tirst to payment ot the costs of maoagt~
ment o[ the Proputy and collection ot tents, includii~g, but not limitcd to,,receiver's (ees, premiums on recei~•er's bonds and
reasonable attorney': fees. and then co the wms secured by this Mortgage. The receiver shall be liable co account only for
those renu attuallr rrceived.
Yl. Future Adranat Upon requat by Borrower, Le~der, at Lendtr's option within twentr years (rom the date of this
AZortgage, may make Future. Advanca to Borrowet. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that uid notes are secured hereby. At no time shaU the principal
amount of the indebtedness secured by this 1ltortgagt, not including sums advanced in accordance hemwith to protect the
security of this Mortgage. exceed the original amount oE the Note plus USS N~~ ~ - - - - - - - - - - - - - - - - - - - - -
Y2. Relea~e. Upon payment of all sums secured by this Mortgage. Lendet shall release this rtortgage without chuge
to Borrower. Borrower shall pay all costs of recordation, iE any.
23. Attorneys Fca. As used in this ~tortgage•an~ in the Note. °attorney's fees° shall include attorney's Eees. ii any.
~.hich may be awuded 6r an appetlite court.
Ix WmvESS WxExEOF. Borrower has executed this Morcgage.
Sign ~sealed and delivered
in e presence of
~ , • ~ .
- - (Seal)
HO T LEE McKENZIE -H°"°"e`
~:l • ' ~i'Y1- " s~ai
' ~ Tt~d~T P ~u~.,~~ f~
aiaiua.Ta~a~ia.i a~~ aia~.aaa~~~~4+.~ V
MARYLAND
STATE OF B£~, • County ss:
I hereby certify that on this day. before me, an officer duly authorized in the state aforesaid and in
the count aforesaid to wke acknowledgements, personally appeared HOYT LEE McKENZIE and
MIL•1_~~i~n 3. McK~NZIE, his wife , to me known to be the person (s) described in and
who executed the foregoing instrument and acknowledged before me that they executed the
I same for the purpose therein expressed.
!
WrrxESS my hand and official seal in the county and scate oresaid this • ~(5 day of
Ma , 19 7? .
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~ My co~p4uufis?~~pn expires:
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S 41. 25 FIa. Revenue Stamps _ Reoeived E 55. 00 ~n payment of taxes due on !
~ Cancelled ors Original Nate. ~
Class "C" Intangible Personal Proprrty pursuant co
~ Chapter 134, I.aws oE Florida, Acts of 1971.
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• BOOK ~G~ PACE 28~