HomeMy WebLinkAbout0293 19. Borzower'~ Right to Reiwtate. Notwithsta~ding Le~ders acceleration ot the suau secured by this Mortgage, Bor-
rower shall have the right to ha~•e any proceedings begu~ by Lender to enforce this ~lorcgaqe dixontinucd at any time
prior to entry oE a judgment entorciug thu Mortgage if: (a) Borrower pars l.eoder all sums which would be then due under
this Mongage, the Note and noces securi~g Future Advanca. if any, had no acceleration occurred: (b) Borrower cura all
bre~thes of anr other covena~ts or agcetmenu of Borrower tontained in this 1lfortgage: (c) Borrower pavs all reasonable .
expenses incurrcd by Lender in cntorcing the covenants and agreements o[ Bonower contained in chis \tortgage and in ~
enforcing Lender's ~cmedia as provided in paragraph 18 hereof. inclu3ing, but not limitcd to. reaso~able attorney's tees: a~d
(dj Borrower takes such actio~ u Lender may reasonably require to assure that the lien oE this ~Iortgage, Lender's i~terest '
in the Property and Bottowe~'s obligation to pay the sums stcured br this biortgage shall continue unimpaired. Upon wch '
payanent and cure by Borrower, this Mortgage and the obligations secuced hereby shall remain in [ull (orce and e[[ect as if
no accelention hxd occutred.
20. Arignment oE Rrnt~ Appoiatment oE Receiver. As additional security hereunder, Borrower hereby assigns to
L.ender the reots of the Property, provided that Botrower shall, prior to acceleration under paragraph 18 hereof or abandon-
menc of the Property. have the right to mllect and ntain such rents as ther become duc and payable.
Upon aaelention ~nder panqraph 18 htreo[ ot abandonment of the Property. Lender shall bc entitled co have a re-
ceiver appainted by a court to enter upon, take posaession o[ and manage the Property and to collect the rents of the Prop-
erty, induding thost put due. All rents mllected by the receiver shall be applied fint to payanent oE the costs oi manage- !
ment of the Property and collection ot rents, including, but not limited to, raeiver's fees, premiums on recei~•er's bonds and
reasonable attornty's fets. and then to the sums secured by this Atortgage. The recei~•er shall be liabie to acrnunt only for
those renu actually received. ~ ;
21. Future Advancea Upon rtquat by Borrower, Lender, at Lender~ option within twenty yean from the date o[ this •
Mortgage. may make Future Advances to Borrowec. Such Future Advances, with interest thereon, shall be secured by.this
\~ortgage when evidenced by ptomissory nota stating that said notes are sectired hereby. At no time shall the principal
amount oE the indebtedness secured by this ~tortqage, not including sums advanced in accordance herewith to ptotect the
security ot this Mortgage, exceed the oriqinal amount of the Note plus USS NONT. - - - - - - - - - - - - - - - - - - - - - -
YY. Releara Upon payment of all sums secured by this Aiortgage, Lender shall release this Atongage without charp,e
to Borrower. Borrower shall pay all costs oE recordation, iE any.
23. Attorneys Ftes. As used in this Alortgap,c and in the Note, "attorne~'s fees' shall include attorney's fees, it any.
which may be awarded by an appellate court.
IN WITNESS ~~VHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of: ~
~ ~
, (Seal)
UDO B. SCHLIED~RMANN
~ ~
Seal)
UR,SULA M. SCHLIEDEFWVIANN ;
STATE OF FLORIDA, MARTIN County ss: '
I hereby cenify that on this day, before me, an officer duly authorized in the state aforesaid and in s
! the countY a~foresaid to take acknowledgements, personally appeared Rudolf B. SChliedermann and
Ursula M. Schtiedermann, his wife , to me known to be the person (s) described in and
who executed the foregoing instrument and acknowledged before me that ~eY executed the
same for the purpcue therein expressed.
WtrxESS my hand and official seal in the county and state aforesaid this _ 20~ -day of
! December , lg ?7 .
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My commission expires:
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NOtify PYEG(, Statc ol F!or.da at la:ge
. • ~ ' ~ - Mr Com~:6s:i~n Ex;,ues GcG d, 1980
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~ ; ~ Fla. Revenue Stamps _ Received $ 1 I 2. $0 in payment of taxa due on
~ Cantellod on Oreginal Note.
Class "C" Intangible Personal Property pursuant to
~ Chapter 134, Laws of Florida, Acu of 1971.
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'Iu Cailector
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