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HomeMy WebLinkAbout0225 19~ Bamwer'a RiEht to Rei~utate. Notwithitanding Lender't accelention ot the sums stcurtd by this Atortgage, Bor- rower shali have the righc to have any p[ocecdingi begun br Lende~ to entone this Alortgage dixontinued at any time prior to entry of a judgmeot en[orciog this Mortgage it: (a) Borrower paps Lende~ all aums which would be then due under this I~to~tgage. the Note and nota securing Futurc Advanca. iE any, had no accelention occurred; (b) Borrower cures atl breaches o[ a~r other oovenants or agreements of Bortower contained in this 1?tortgage; (c) $orrower paps aU reasanable expensei incuned by I.ender in enlorcing the rnvenants and agreemenu o[ Borrower containcd in this Mortgage and in enforcing Lender'i remedia u providcd in paragraph 18 hereof, i~clu~ing. but ~ot limitcd to, reasonable atturne~'s tees; and (d) Borrower taka such action as Lender may reasonably require to as~ure that the lien of thi~ Mortgage, Lender's interest in the Property and Borrower': obligation to pay the wms secured br thu Mortgage ahall continue unimpaind. Upon such pa~nnent and cure by Borto~vtr. this Mortgage and the obligations securcd henby shall nmain in'[ull torce and etfect u if no acteleration had otcurred. • Y0. Aati~nment o[ Reac~ Appoincmeut oE Reoei~er. As additional ~ecurity herrunder. Borro~ver hereby assigns to I.e~der the re~ts ot the Propertr, provided thac Borrower shall, prior to aaelention under puagraph 18 herco[ or abandon- me~t o[ the Properq. have the right to mllat and retain such rents u they become due and papable. Upon accelention under paragraph 18 hereof or abandonment oE the Propertr. l.ender shall be entitled co have a re- ceiver appointcd by a murt to e~ter upon, take posstssion of and manage the Ptoperty and to collat the rents ot the Pcop- ertr, including those past due. All rents collected by the receiver shall be applied tint to payment of the cosu oE manage- ment o[ the Propertr and coitcction o( rents, including, but not limited to, receiver's lers, premiums on rtceiver's bonds and reasonable attorney's fees, and then co the sums secured br this Mortgage. The receiver shall be t'uble to account o~ly for thoae rents actually received. Yl. Fntute Adranas. Upon requat by Borrower. Lender, at Lendcr's option within twenty yean from the date oE this 1liortgage, mar make I~Lture Advanca to Borrower. Such Future Advances. ~vith interest thercon, shaU be secured by this Mo~tgagc when evidenced by promissory nota stating that said nota are secured hereby. At no time shall the' principal amount ot the indebtedness secured by this ~iortgage, not including suau advanctd in accordance herewith to protect the security oE this Mongage. exceed the oriqinal amount of the Note plus USS Iv~I~TE - - - - - - - - - - - - - - - - - - - - - - 22. Relea~a Upon payment of all sums securrd by thia 1liortgage, Lender shall release this Afortgage ~vithout charge to Borrower. Bormwer shal) par all costs of recordation, iE any. Y3. AttorneYs Fces. As uscd in this 1?torc~age and in the *I~tr; "~t!~*at7~'~ frts" s.h_2! :^:'-ud~ a:t~:: :;'a Strs, if an~. which may be awarded by an appellate rnur~ Ix W1TNE5S WHEREOF, Bonower has executed this Morcgage. Signed, sealed anc~ delivered ~ in the presence of: . ~iFL ~~1) HUG B. NI c~~;Grt.a. ~ ' ~ cK~~ n ~ (S~al) • J C A. NICKEL Srw~ oF FLOxmw, 1VIARTIN Councy 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, personaliy appeared ~NGH B. NICKEL and ' JOYCE A. NICKEL. 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 same for the purpoae therein expr+essed. ' ~ . I' Wrrn~ESS my hand and official seal in the county and state aforesaid this 15th ~ of i J~Y , lg , y ~ M~; comtpission expires: E • .'[i~e~ll, ~ x Poblie ' . ~ - Notary Pub~rc, Slate ol Florid~ tt larq~ , : ; : ` , i • My Cormir.ion Expres Ocl 4. 1980 :t: • : ~ . . ~ , ~ws.e y A....c.. i.. ~ w..r, Cu.O.,* ~ ~ '.ti ~ 1 ' . .,,:1 ' r,.- _ - (Sp~x Helow 7Lb Iine Reae+ved Yar I.eodsr aad Recueder) ~ ; 68. 40 Revenue Stamps _ Reoeived j 91. 2~ in payment of tauca due on ~ Gncelled on Original Note. ' ~ . Clasa "C" Intangible Personal Property pursiuant to ~ Chapter 134. L,aws of Flonda, Acts of 1991. , ~ ~ ~ ; 5 T~ Collec~or . € ' r "r 3 . . i ~ • ~ . ~ ~ , ~ ~ goQK 271 p~~E 225 ~ . ~ . . , : _ ~ _ - - ~ - - _