HomeMy WebLinkAbout0500 19. Bormwer's Right to Rein~tate. Notwithstanding Lender's accelention o( the sums secu~ed by this ~Jortgage, Bor-
rowe~ shall have tht right to ha~•e any proccediugs begun by l.ende~ to entorce this ~lortgage dixontinued at any time
prior to e~try ot a judgment enforciug this Mortgage i[: (a) Borrower pay~ Le~der all sums~which would be then du! u~der
this Afortgage, the Note and notes secu~ing Future Advances. i[ any. had no acceleration occurreJ: (b) Borrowe~ cures all
breaches oE any other mvenants or agreements ot Bortower tontained in this 1lortgage: (c) Borrower pays all reasonable
expenses inturred br Lender in enforcing the covenants and agreemenu o( BotroMer contained in this tilortgage and ia
en[orcing I,.endei s remediK u provided in puagraph 18 hereof, including, but not limited to, reasonable attorney's [e~s: and
(d) Bomower taka such action as I.e~der may reasonablp require to assure that the lien of this biortgage, Lender'a intetest
in the Proptrty and Borrower's obligation to pay the sums ~ecured bp thu Mortgage shaU continue unimpaired. Upon such ~
payment and cure by Borrower, this Afortgage and the obligations secured hereby shalf remain in tull torce and e[tect aa if `
~o accelention had occurred.
q0. Aaugnmeat o[ Ren~ Appointment of Reoei~er. As additio~al security hereundcr, Borrowcr hereby assigns to
Lendet the rcnts ot the Property. providcd that Borrowet shall, prior to accelention under paragraph !S hereof or abandon-
ment o[ the Property. have the right to collect and retain such rents u they become due a~d payable.
Upon aaeleration under pangraph 18 hereoE or abandonment oE the Property, l.ender shall be entitled to have a re-
ttiver appointed by a rnurt to entet upon, take possession o[ and managr the Property and to collect the rents ot the Prop-
erty, including those past due. All rents collected by the reteiver shall be applied fint to payment oE the costs of manage-
ment o[ the Property and collection of reots, induding, but not limited to, receiver's (ees, premiums o~~ receivei s bonds and
reasonable attornty's [ees. and then to the sums secured br this ~fortgaga The receiver shall be liable to account only Eor
chose nnu actually reoeived. •
Yl. Future Adranaa. Upon requat by Borrower, Lender, at I.ender s option within twenty years (mm the date o[ this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured br this ~tortgage, not including sums advanced in accorciance herewith to protect the
seturity of this \tortgage, exceed the oriRinal amount of the Note plus USf NONE---------------------
YY. Releaie. Upon payment of all sums secured by chis Mortgage, I.ender shall release [his Moregage withouc charge
to Borrower. Borrower shall pay all costs ot recordation, iE any.
23. Attorne~s Fe~ea As used in this \tortgaqe and in the Note. "attorney's tees" shall include atton~ey's fees, iE any,
which may be awarded by an appellate court.
Ih ~'VITI~ESS WHEREOF. BORROWER has executed tf11S Mortg,age.
Signed, sealed and deli~~ered
in che presence oE: _ i u Kossin
t~~..,C ~.fL~~ L(' c c _ O~ C. ~ eal)
Marita C. Kossin
Z ~ = - (Seal)
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(Seal)
ST4TE OF FLORIDA
COUNTY OF b1ARTIN
~ The forc~;oing instrument was acknowledged before me this lst day of
~ _ May . 191$_by Jur~gn Koss~*+ an~ Marita C Kossin, his wife
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??r;,-;~~ ^~~±~~~c. St:.te of Flor:da at lar~e
` STATE O~' FLORIDA
~ ~ u. t.;y c_~,,.,. ExqrPS Ott. a. ~5~0
~ COUNTY'~F beON 0~ NeM~ua fr~ a Gs+at~ C.~~W~f
~ ~ T~e foregoing instrument was acknowledged before me this ~ay of
, 19 by and
~ ' , respectively,
~ President and Secrecar}• of
~ a corporation, on behalf of the corporation.
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r.~'~ Notan' Public
~ (seal) _ ~iy commission expires:
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~ ( Space Below 'fLis line Reserved For l.ender aod Recarder )
. E 41.1Q Fla. Re~~enue Stamps Recei~•ed S S4 80 in pa~~ment -of taxes due on
Cancelled on Original 1\ote. '
Class "C" Intangible Personal Propert~~ pursuant to
Chaptcr 134, LaNS of Florida, Acts of 1971.
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° R 28S 498
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