HomeMy WebLinkAbout0520 19. Borrawer's Ri~hht to Reia~ate. Notwithsunding Lenders acceleration o( the sums sea~red by this ~tortgage, Bor-
rower shali have the right to have any praeedings begun by I.ende~ to enforce [his \lortgagc dixontinued at a~r time
prior to entry oE a judgment e~torcing this Mortgage if: (a) Borrower paya Lender all sums which would be then due u~der
this riortgage, the Note and ru?~es securing Futun Ad~ances. it.any, had no acceleration occurred; (b) Bor~ower cura all
breaches oE anr other rnvenants or agreemenu of Borrower concained in this Mortgage: (c) Borrower pays all reasonable
expensa i~curred by Lender in en(orcing the mvenants and agreemenu of Borrower contained in this !lortgage and in
enfor~ing Lenders remedies as provided in paragnph 18 hereot, including. but not limited to, reasonable a[torners tees: and
(d) Borrower takes such action as L.ender may reasonably requirr to assure that thc lien of this ~fortgaqe, Lendcr's interest
in the Propertr and Bortower's obligation co pay the wa?s setured br this Mortgagt shall continue uuimpaired. Upon such
paYiaent and cure by Botrowet, this Alortgage and the obligations secured hereby shall rev~ain in [uU [orce and ef[ect as i[
no accelention had occurrcd.
Z0. Aa~iaameat oE Rent~ Appoia[meat o[ Rcaiver. As additional security hereunder. Bormwer hereby assigns to
Le~der the rents of the Property, pro~•ided that Borrowet shaU, prior to atteleration under puagraph 18 hereol or abandon-
ment o( the Propeny, have the right to rnllect and reuin wch renu as they become due and payable.
Upon accelention under paragraph 18 hercof or abandonment ot the Pmpertr, l.ender shall be entitled to ha~e a re-
ceiver appointed by a court to enter upon, take possession oE and manage the Property and to mllect the rents o( the Prop-
ertr, including those put due. All rents collected br the receivet shall be applied fint to pa}zaent of the cosu ot manage-
ment of the Property and collection of rents, including, but not limited to, recei~~er s(ecs, premiums on receiver's bonds and
reasonable attorne~s tees, and then to the sutas secured by this Mottgage. 'The rectiver shall bc liable to account only for
those renu actuallr rcceived.
Yl. Future AdvancYS. Upon request by Borrower, Lender, at Lender's option within twenty yean (rom the datt of this
:Hortgage, mar make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured br this
Mortgage when evidented by promissory notes stating that uid notes are secured heteby. At no time shali the principal
amount ot the indebtedness secured by this Atortgage, not including sums advanced in accordance hetewith to protect the
security o[ this Aiortgage, exceed the original amount of the Note plus USS I~T~1vE - - - - - - - - - - - - - - - - - - - - -
~Y. Relaue. Upon paymtnt of all sums secum! by this Mortgage. Lender shall release this Afortgage without chuge
to Borrower. Borrower shall pay all costs of recordation, if a~y.
Y3. AttotntY~ Feea As uxd in this 1(ortgage and in the Note. "attorne}rs fets" shall indude attorney's [ces, iE any.
which may be awarded by an appellate coun.
Ix WmvESS W[~xEOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
r e es - _s~.~~.
~ ~:t/.L!/' ' ~ - ~
~ (Seal)
ari es
Srw~ oF Fc.oxmw, MARTI11j County 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, personally appeared HERRERT WEST and
SHAftI WEST, his wife , to me known to be the person (s) described in and
~vho executed the foregoing instrument and acknowledged before me that. thev _ executed the
~ same for the purpose therein expressed.
~
E WrrivESS my hand and official seal in the county and state aforesaid this ~(~{h day of
~ Novemher , 19?7 ~
~
E
~ My commission expires: .
, ~j N Pnblic
' ~ Notary PubC~c. Staie cf Florida at larg! -
~ ' . iJly Ccmamsi~n E+~p~e: Ott. 4. 1980
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(SD~ Hebw '[Lis Line Raerred For I.eader and Reoorder)
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; 51. 90 FIa. Revenue Stamps _ Receivod ; 69. 20 in payment of taxes due on ~
Cantelled on Original i~ote. ~
~ Class "C" Intangible Personal Property pursuant to
Chapter 134, I.aws of Florida. Acts of 1971. • ~
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~ B~~K ~78 PACE ~
~ 519 #
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