HomeMy WebLinkAbout0280 19. Borrorrer's Right to Rcinatate. Notwitl~itanding Lender's accclcra~iou of the ~ums ucured b~• this \Io~tRage, Bor- ,
~uwcr sh;,ll have ~he right to ha~e an~ prcxerdiuKs brgun by l.cnde~ to en(o~ce ihis ~IurtRa~e diuuiiiinucd at any time
prior to entry oi a judR~nent en(orcinK this ~tortgage iL• (a) Borrohcr pa~s Lr~der all ~ums which wuuld I~c thcn duc uuder
this \(ortgage, the Kote aud notes uYUring Future :ldvances. it any, had no acceleration cxcurred: (b) Borroher cures all
breaches of auy other co~•enanu or aRrrements ot Borrower con~aineef in this ~tortqage: (c) BorroNer pays aU reasonable
rxpenses i~xurred by I:ender in ento~cing the cocenants and agrerments oI Bonower contained 'en this \lortpage and in ;
entorcing Le~~de~'s remedies as pm~•ieted in paragraph 18 hueot. inclu:iing, but ~wt limitecl to, rrau~uable attorney's (ees: aod f
'(d) Borrower takes such action a~ Lender ~nay reawnably require to assure that the lici~ o[ this \lonKaKr. Lendrr's i~uerest ~
in the Property and Bor~ower's obligatian to pay ihe su~as ~ecured by this ~tortgaRe shall continue unimpaireil. Upon such ~
pa~~ranent and cure by Borroher. this \tortRage and the obli~ations secu~ed hemb}• sh:+ll remai~? in (ull (orce and e[[ea as i( ~
no acceleration had occurred. s
20. Assignmeat ot Rents; Ap~wintment o[ Recei~er. As additional securit}• hereunder. Borrower hereb~• assigns to
I.encier the rents of the Propert~•, pro~•idc~cl that Borri~Nrr shall, prior to acceleratioti under paragraph 18 herer~( ~,r abandon• ~
ment of the Property. ha~~e the riKht to collect and retain such rents as the~~ becomr due at~d pa~•able. ~
Upon acceleration under paraAraph 18 hereo( or abandonment of the Property. Lender shall be entitleci to ha~~e a rr ~
ceiver appointed by a cou~t to en~er upc~n. take po~session of and mana~e the Propert~• and to coliect the rents ot the Prop-
erty. induding those past due. All rents colkcteci b~~ the recei~•er shall be applied (ir~t to pa~~nent ~?t the costs of manaqe-
ment o[ the Property and collection of rents, including, but not limiteel to, recei~•er's (eec, prrmiums on recei~•er's bonds and `
reasonable attorney's fees, and then to the sums secarect by this ~tortgage. The receiver shall be liable to account only [or '
those rents actually teceivetl:
21. Future Advances. lJpon request by Borrower, Lender, at Lender's option wi[hin tMent~• ~•ears (tom the date o[ this
Jlortgage, ma~ make Future :~deances to BorroNCr. Such Fuwre Advances, with interest thereon, shall be secured by this
~tortgage when e~•idenced b~• promissory notes statiug that said notes are secureci hereby. at no ~ime shall the principal
amount o[ the indebteelness secured b}• this- ~(ortRaRe: not indudinR sums advanteci in accordance hemwith to protect the ;
security of this \tortgaRe, cxceed the ori~iual amount o( the Note plus USS NONE - - - - - - - - - - - - - - - - - - - - - ;
2Y. Rdeame. Upon pa~-ment ot all sums secured b}• this ~tortgage, I.ender shall release this ~IortRaRe M ithout charRe F
to Borrower. Bormwer shall pav all costs of recordation, iE any.
23. Attorne~s Fets :1s used in this \lortgage and in the Note. "attorne~'s feei' shall indude attorney's fecs, iE .any. ;
which mal}• be aNarded by an appellate court. t
,
~ ~
I~ WIl'NESS ~'VHEREOF. Borro~ver- has executed this Morcgage. ~
Signed, se and deliver .
in he presen
R
_ • - s~ (Seal) ~
BRLAN C. BUNTING ' -H°"°w" • -
~ ~ ~
~7C_ K ~~1~ . 5~.ti._-~.: (Seal) ~ j
GERDA M. BUNTING/ ;
STATE OF FLORIDA, MARTIN COUilty SS: `
I hereby certify that on this day, before me, an ~fficer duly authorized in the state aforesaid and in
the county aforesaid to take ackno~vledgements, personally appeared BRIAN C. BUNTIl~TG and ;
GERDA M. BUNTING, his wife , to me kno~.n to be the person (s) described in and Z
~.ho executed the foregoing instrument and acknowledged beEore me ehat _~eY ~e executed the
; same for the purpose therein expressed. ~
f
Wtr~ESS my hand and official seal in the county and state aforesaid this 24t~i . day of
~ Mar~h ' 19 78
~
E ~`''`..'..`,"•.i •
~;~-to'~isS?op e~pires: - "'f--- -
~ r , ~ • I~ Public .
, ~ ~ ~ ~ ~ !!~ta:
~ P
i'ic. Siate of F{orida tt tarqe
' - ~iy Co:~~~nissi„~ Eip6~es Oct. 4, 1980
. ~ . . ~ - ~owe.a i~ AAenu. F.n ~ C~wYr ~~L _ - .
• ~ .:j~ t v . - . _ -
~ f
~ ; 'iJ. .
-
(Space Below Thu Line Pesen•ed For Lender and Recorder)
; 42. 00 _ Fla. Re.•enue Stamps Received S__56. 0~ _~n payment of taxes due on
Cancelled on Original :~ote.
Class "C" Intangible Personal Property pursuant to
~ Chapter 134, Laws of Florida, Acu oE 197L
~ :
~
~ Tu Colkctor
~ ~ ,
~
~
~
0 k ;
eo~~zs~ PAGE z~o
~
r..~
~ ;
~ _ . . . - - - - - -