HomeMy WebLinkAbout0017 19. Bortowcr't Rig6t to Reins~ate. Nctwithstandioq Lendcr's acccie~ation of the ~ums ~ecurrd by tt~is \lortKage, Bo~-
rower shall hare the ~ight to ha~e any proceedin~{s beRun by l.cuder to cntorce this \lcxtgaRe dixo~~tinurd at any time
prior to entry of a judRment entorciuq this \fortRage iL• (a) 8orrower pays l.ende~ all sums w•hich h•ould be thrn due u~~dtr
this ~tortgage, the Notc at?d notes securinq Future Advances. i[ any, had no acceleration cxcurrecl; (b) B~?rrow•et cures all
brraches o[ any other co~~enants or aRreements of Aorrower contained in this MortgaRe: (c) Horra~•er pays al! rraso~~able
expeuscs incurreci by l.ende~ in entarcing the tocenants aud agreements o( Borrower contaiaecl in this ~tortgage and in
eo(orcing Lender's remedies as provided in pa~agraph 18 hereot. inclu:ling, but not limited to, reawuable auorne~'s ters; and
(d) Borrower takes such action as Lender may reasanably require to assure that the lien o( this \tortgage. Lender's interest
in the Property and Bor~ower's obligation to pay the sums secured by this \tortqage shall continue unimpaired. i'pon such
payment and ture by Borrower, this ;lfortgage and the obligations sectired hereby shaU remain in tull (orce a~~d r[[ect as if
no acceleration had occurred.
20. Assignment oE Reatx Appoiatmeat.oE Receiver. As additiooal xcurity herrunder, BorroNer hrreby assigns to
Lender the rents of the Property, p~o~•ided that Borrower shall, prior to acceleration uuder paraqraph 18 herc~i[ or abaudon-
ment of tht Property, have the right to collect and retain such rents as they becoaie due and parabie.
Upon acceleration under paraRraph 18 hereof or aba~~donment o[ the Property. Lender shall be entitleci co ha~•e a re-
ceiver appointed by a court to enter upon, take possession of and manage the Property and to collen the ret~ts ot the P~op-
erty, induding those past due. All rents collected by the receiti•er shall be applied first t~~ payTnent o( the co~u o( manay,e- ~ ~
ment of the Property and collection of rents, includinR, but not limitecf to, recei~•er's fees, premiums on recei~er3 bonds aud
reasonable attorney's [ees, and then to the sums_secured by ehis \~ortqage. The recei.~er shall be liable to account only tor
those rents actually received. •
2l., Future Advances. Upon nques[ by Borrower. Lender, at Lender's option within twent}• vears fram the date oi this
\tottgaqe, may make Future Ad~~ances to Borr~Ner. Such Future Advances, with interest thereon, shall be secured by this
\lortgaqe when evidenceci by promissory notes stating that said notes are secured hereb}•. :lt no time shait the principal
amount o! the indebtedness secured by chis \(ortRage, not indading sums ad~•a~?cec! i~: accordance hemwith to protect the
secarity of this Sfortgage, exceed the original amount o( the lote plus USS N~NE - - - - - - - - - - - - - - - - - - - - -
22. Relrax. Upon payment of ali sums secured bv this \iortgaqe, Lender shail`}elease this \Ic,rtqaRe M ithout charge
to Borrower. Borrower shall pay all costs oE recordation, i[ any. ~
23. Attorne}{s Fct~ :~s used in this \(ortgage and in thc Note, "attorne~'s fees" shall include acton?c~'s fees, i[ any,
w•hich may be awarded by an appellate court_
I~ WI1'NESS WHEREOF, Borrower has executed this Mort~age.
Signed, sealed and delivered
in the presence of: ~
~ .
- ' (Seal)
DAVID K. MALTgy
~~~/~~C. ~ . ~~Jl~,Z.Lu~- (Seal)
- ~TANCY . WOLF
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! STATE OF FLORIDA, MARTIN ' Counc} SS:
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! I hereby certify that on this day, before me, an offirer duly authorized in the state aforesaid and in
~ the county aforesaid to take acknowledgements, persanaity appeared DAVID K. MALTBY and
f NANCY K. WOLF, his wife , to me kno~vn to be the person (s) described in and
~ who executed the foregoing instrument and acknoivledged before me that _~___~1eY_ executed the
; same for the purpose therein expressed.
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` Wrr~ESS my hand and official seal in the county and stace aforesaid this _5~? day of
~ January , ig 78 -
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My commission expires:
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3 . No!.~;y u~i~`+i. ~a~`ol Florid~ at [arqa
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. . fAy Cainm: .i:.n Expices Ott. 4. i~3J
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- . ~wd~0 0~ Anenwa ~+a a Cas~~p Cooy.~y
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• (Space Betow This Line Resen-ed For i,eoder aod fiecorder)
' S s~• Fla. Re~•ereue Stamps _ Received S__~$O• 00 in payment of taxes due on
Cancelled on Original l~ote.
Class "C" lntangible Personal ProPerty pursuant to
Chapter 134. Laws of Ftorida, .~cts of 197l.
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