HomeMy WebLinkAbout0466 . ~
~
~ ~ll~ Doero+reCs Ri~t w Reloasta Nonvithsandins Lcader'i aoockration ot che swni secured by this Mortgage. Bor- ~
rowe~ ~hall have cbe ~i~ht w bsve anr proceedinas be6un by Lender co enEora chi~ Morcgage dixontinucd at anr tiane '
prior to mttp oE a judameat eaiorci~a thL Mortaaae it: (a) nocronrer pap Lender aU sums Mhich Moukl be the~ due undet ;
this Mortgage. the Note snd noca sauring Fuwre Advance~. if aor. had no aocelera~io~ oau~ed: (b) Borro~er cura sU
breaches oE aar otha ooveasats or a~cewcats of 8ormrver coauincd ir thu Mortaage: (c) Borrower pays all reasor~able '
pcpe~a iacurnd by I.tader i~ eniorcing che oorensats aad aareeaxnu of Bon~u~ra oontained in this Mortaage and in S
en[orcing Leader's rauedia u pmvided ia pua~rap6 18 hereot. indu3in~. but not timiced w. raw~abk attorner's [ea; and
(d) Sorro~rer taka wch actio~ as Lender mar reas~n~Wy require to suure that the lieo ot cha M~rtgage. Lender's interat
in the Propaq and Borroaer's obli~atioa to pay the wms seGUrrd br this Mor~~age shaU .~wuinue uoimpaired. Upon wch
papae~t aad cure bY Borrower. this Mangage a~d the obligatiom ~ecured heiebY shall remain in full [orce and etfect u if
~o accderatioA 6ad oaurred. ~
t0. A~asameat oE Reat~ Appointment of Reaei~rer. As additional r_cutitp hereuader. Borro~rer heieby assigns to
Lerider the reata of the Properq. provided that Borrower shaU. prior to aoeelention under paragnph 18 hereo[ or abandon- i
meat of the Prapert~. have the right to rnAect and retain such rents as ther beoaae due and pa~rable.
Upoa acoekntion under paragraph 18 hereof or abandanmeat of the Properq. Lender shall be enticled to hare a re-
ceiver appoiated bT a court to enter upon. take possasion oE and manage the Propeny and to collect the rents of the Prop~
~ erq, intluding those past dua All re~ts coUected by the reoeivet shaU be applied [int to pa~ment of the cosu of manage-
ment of d~e Propaty a~d oollection o[ re~u. indudi~g. but not limiud to. reoeiver's [ees, premiuws on receiver's bonds and
ressonabk attorneYs fees. and then to the wms secured by this Mortgage. "The receiver shaU be liable to aaount onlr ~for ,
thoee rents utwlly reaeived
Yl. ~hwre Ad~anoa. Upon tequat by Botro~rer. Lender. at Lender's optan ~rithin t~venty yean [rom the datt oE this ;
Mortgage. may make Futun Advanca to Borro~rer. Such Future Advances. with interat thereon. shall be secured br this {
Mortgage wrhen evidenad by promissorr nota sating that said rroca are sccured herebr. At no eime shall the prindpal
amount oE the indebtednea seaired br this Mortgage. not iacluding wms adva~ced in accordance herewith to protect the
securitp of this Mongaae. eucetd the original amount of the Note plus USf NO~ - - - - - - - - - - - - - - - - - - - - - -
YY. Reka~ Upoa payment o[ all sums stcured bJr this Mortgage. Lenda shall release this Mort6age without charge
to Borrower. Borrower shall pay all ooats oE reeordation. if a~Jr. .
Y3. Attocneys Feea. As used in this 1ltortgag~e and in the Note, "attorne~s Etes" shall include attor~e~s fees. iE an~.
~rhich may be a~rarded by an appellate murt.
IN WrrN~.ss W~xEOF, Borrower has e~cecuted this Mortgage.
Signed, sealed and deli
in the resence of: -
)
_ O W. B~AR,KLEY, J - B°"'°'~`
-n~.~
STATE OF FLORIDA~ MARTIN _ County ss: ~
I hereby certifq that on this day, before me, an officer duly authorized in the state aforesaid and in
the county aforesaid to take acknowledgements, personally appeared JOflN W. RAR~~Y, JR. ,
u married man , to me known to be the person (s~ describe~l in and
kho euecuted the fat+egeing instrument and acknowledged before me that he executed ttie
same for thS purpc~se therein expressed.
~ Wtr}~ '"iri "'~Ir~ and official seal in the eountq and state aforesaid this ~ day of
( Q _ g 7?
' 1
o V .
.
n •Oi : iiot:n +~_~1'~c. State o1 Fbn~+ =T~;,~i
lyjr 2~6~`bD' ~'It ' Atv {cr.•.:~s~i~a Ecpites S?;:`.- i:. ~i ; t
r ~
: 7 , . • ~ Lo:cc: t. •...<•<~: ~
[SwQ.. . n a ~ xata.r Pubiic
~ ~ J
~ = .
• ~ ~ 1= .
_ P ~ G.:
r`~:
, * . ~ .
' - .
~ ~ ~
(sr•oe Belo. 7Li. I3ee Ae~ee.ea For t.eaaur .na n.oaa.r)
; 24. 75 Revenue Stamps _ Reoeived ; 33. ~0 in paymeut oE taxes dne on
C.~noelled on Original Note.
Class "C' Intangible Pasonal Propetty purs~ant w
Chapter 134. I.aws uf Florida, Aas of 1971.
T~s Co1M~ar
s.
~ ~
- . ~e~rrc~' r~ I
. ~
- - - - -