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HomeMy WebLinkAbout0526 IA Borrower'~ Right to Reinuate. Nptwithetanding l.ender's acceleration ot the sums secuted by this 1lfongage, Bor- rorver shall have the right to have anr pr«eedinqs begun by L.ender to e~~to~ce this Alortgaae JiscootinuM at any time prior to entry o[ a judgment en(orcing this Atoi tgage it: (a) Bonowe~ pays Lender all suras which would be then due u~de~ this 1?fortgage. the Note and nota securing Future Advances. it any. had no acceleration occurred: (b) Borrower cura all breacha o[ any uther covenanu or agreeaents ot Borrowtr contained in this Mortgagc: (c) Borrower pays aA rcasonable expenses incurrcd by Lender io entorcing the Lovenanu a~d agreemenu o[ Borrowe~ con~ained in this ~fortgage and in entorcing Lender's remedia as provided in pangraph 18 hereo[. including, but not limited to, reasonable attorney's tees; and (d) Borrower taka wch action u Lender may reasonably require to assure that the lien ot thi: Nortgage. Lender's interat i~ the Property and Borrowet's obligatio~ to pay the sumi secured by this ~fortg~qe shaU couti~ue unimpai~ed. Upo~ such papment and cure by Borrowes, thi: Mortgagc and the obligations ~ecured hereby shall remain in tull [orce a~d et[ect a: iE no acceleration had occurrcd. Y0. Arignment of Rent~ ~ppcs~ntment of Reai~a. As additional teairity hereunder. Borrower hereby usigns to Lender the renu oE the Property. provided that Borrower shall. prior to accelention under paragraph 18 hercof or abandoo- ment o[ the Propeny. have the right to -ollat and retain wch re~ts u ther become due and payable. Upon accelenciori .u~der paraqsaph 18 hereoE or abandonmeat oE the Property. I.ender shall be entitled to have a m ceiver appointed br a oourt to enter upon, uke pcnsession of and manage the Propertr aod to collect the re~u of the Prop- erty. iaduding thoae put due. All rents collected by the receiver shall be applied tint to payment of the costs ot manage- me~t ot the._ Ptoperty and rnllection oE rents, induding, but not limited to, receivtr's (ees, premiums on receiver s bonds and ' reasonable attorney's [tes. and then to the wms secured br this Mor[gage. The receiver shaU be liable to account onlr for ; those renu actuallY re~tived. ~ Yl. Futw~e Ad~anca. Upon nquat by Borro~ver. I.ender, at Lender's option ~vithin twentr yean (rom the date of this ! Mortgage, may make Future Advances to Borrower. Such Future Advances, with intemt thereon, shall be secured bJr this I?iorcgage when evidenced by promiuory nota stating that said nota are secured hercby. At no tim~ shall cht printipal . amount ot the indebtedness secured bq this Mortgage, not including wms advan ~ accordance herrw ith to protect the ~ stcuritp of this ~f ongage, exceed the oriqinal amount of the Note plus US= ' ' ~ ' ' - - - - - - - - - ~ ' ' ' ' - ' ~ YY. Releaa. Upon pay~nent oE all sums secured by thu Mongage. I.endet shali rclease this 1?fortgage without charge ~ ~o s~»~r. so~.~~r ~nan wr all costs of recordation, if any. ~ Y3. Attorne~s Fe~a. As used in this Aiortgage and in the Note. "attorne~s Eees" shall include attorner's fees. if any. ~ ~vhich may be awarded by an appellate murt. 3 Irr WITlVESS WHEREOF. BORROWER IIdS eXCCUtE'd this Mortgage. C. F. a Construction, Inc, Signed, sealed and delivered By~ ~ in che presence of: . . awver, resl ei! f:, , . ~~a~~'~.- C' . . - t: _ a~ i (Se~l~ ~-J c~ c .`r;~ i .t ~1 ~ ' STATE OF FLORIDA ~ COUNTY OF ~ The foregoing instrument was acknowledged before me this day of = ~ , 19 by (seal) x«.rr Pudtic 'I ~iy commission expires: ~ j STATE OF FLORIDA ! COUNTY OF MARTIl~T~ - ~ 1 st ~ The foregoing instrument was ackno~vledged before me this ~ay of December , ig ?7 by C. F. SAAWVER ~r~ . q President ~ of C. F. Shawver Construction, Ine. F~orida corporation, on behalf of the cor ration. - . : . - - ' Ndary b . s .1 ~ '(~j~ ' . , ~ ~iy commission expires: ~,tary PubTa, St~te ci F!o:~da rt larqt . - . , . , :rlr COtlll!4SSt~!` f Sy^ES~£ 1.:. :~,~0 ~ . . . - ~ , iwM~ b A~vKU f~~ ~ C.w.wt~ ~+++w.q ~ • ~ - y ~ , i ( Space Bebw 7bis Iine Remved For I.eader ~nd Recoeder) ~ - ~ ; 48• ~ Fla. Revenue Stamps Reteived S 64• in payment oE taxes due on > Cancelled on Original Note. . ~ Class "C" Intangible Personal Properry pursuant to ~ Chapter 134, I.aws of Florida, Acts of 1971. _ : x ~ i ~ Tai Callector ~ - ~ ~ 1 ~ ~ ~ B~OK 2 I~ PACE 5~ ~ ~ ~ :r ~ ~ £ ~ _ _ ~s~ . ;3 - .