HomeMy WebLinkAbout0508 19. Borrower'a Right to Reiwute. Notwithstanding Lender's acceleration oI the sums sccured by this \tortgage. Bor-
rower shall have the right to have any proceedings begu~ by Lendtr to entorce this ~toitgage discontinued at any time
prior to e~try ot a judgmrnt entorcing this Tlortgage iI: (a) Borrower pays Lender all sums which would be thcw due under
this Mortgagt. the Note and nota s~.~curing Future Advanca, if any, had no acceleration occurreci; (b) Borrower cures all
breache: of any other mvena~u or agreements o[ Borrower contained in this A~orcgaqe: (c) Borrower pays all rcaso~able
expenxs incur~ed by I.ender in en[orting the covenants a~d agreements of Borrower contained in this ~tortgage and in
en[orcing Lender's remedies u provided i~ paragraph 18 hereof, including, but not limited to, reaso~able attorney's [ees: and
(d) Borrowet wka such action as l.e~der may reasor?ably require to assure that the lien of this \fortgaqe, Lender's intetest .
in the Property and Borrower's obligation to pay the sums xcured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this ~fortgage and the obligations xcured heteby shall remain in tull force aud ettect as ii
no aaeleration had occurred.
Y0. Asignment of Rentx Appointment oE Reoeirer. As additional aecurity hemunder, Borrower hereby assigns to
Lender th~ rents of the Propetty. provided that Borrower shall, prior to acceleration under pangraph 18 hereof or abandon-
ment ot the Property, have the right to rnllect and retain such rents u they become due and payable.
Upon accelention under patagnph !8 hereo[ or abandonment of thc Propertr, Lender shall be entitled to have a re=
ceiver appointed by a court to enter upon, take possession o[ and manage the Property a~d to collect the rents of the Prop-
erty, including those put due. All rents collected by the receiver shall be applied fint to payment of the costs o[ manage•
ment of the Propenp and collection o[ renu. including. but not limited to, receiver's fees, premiums on receiver's bonds and
reasonable attorne~s fc~es, and then [o the wms secured by this Mortgage. The receiver shall be liable to account only for
those re~ts actually received. ;
YI. Future Advaaoes. Upon request by Borrower, Lender, at Lender's option within twenty yean from the date oE this ~
Morcgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shail be secured by this
Mortgage when evidenced by ptomissory notes stating that uid notes an secnred heteby. At no time shall the principal
amount of the indebtedness secured by this ~tortgage. not intluding sums advanced in accordance hemwith to protett the
security of this 11~ortgage, exceed the original amount~ oE the Note plus USS NONE--------------------------
Y2. Rele~c. Upon payment ot all sums sccurcd by this Mortgage, I.enda shall release this 1liortgage Mithout charqe
to Borrower. Botrower shall pay all cosu of recotdation. iE any.
Y3. Attorae~s Fees. As used in this ~tor[gage and in the Note, "attorney's fees" shall include attorney's fees, if anr.
which may be awarded by an appellate murt.
IN ~VlTNESS `yHEREOF, BQRROWER has executed tf1lS Mortgage.
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Signed, sealed and delivered (Seal)
he presence f: Rene L. pez
~ (Seal)
~.L'~'C t:C~ (Seal)
(Seal)
STATE OF FI.ORIDA
COU1~'TY OF MARTIN
The foregoing instrument was ackno~vledged before me this 28th day of
~-..,-,~.,At2~l . 19.Z.$__by Rene L i~} a ci nrtt P man ;
,
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I " ~ ' ~ " ~ty commission expires:
r Np1~R'f rl)s{.IC STATE Of fLORIM AT M~Gf
.S'~'A'~`~~!DF F~.ORIDA ss. Mr co~+~M~sstoN oc~~~s ~+o~?• ~~i°~
~C~II'hf,'I~Y .oF,• ~ ~ ~,o_o ~r+auc,fr~v~Ma•1R~
' The ~foregoing instrument was acknowledged before me this ~ay of
, 19 by and
, respecti~•ely, .
President and Secretary of . - ;
a corporation, on behalf of the corporation. ~
\otary• Public
~~a~~ ~ty commission expires:
(Space Be1aw 'Ibis Line Rescrved For Lender aod Recordtr)
s 9. 45 Fla. Revenue Stamps Receieed S~~ iu payment ot taxes due on
Cancelled on Original Note.
Class "C" Intangible Persnnal Propert}• pursuant to
Chapter 134. I.aNS ot Florida, Acts o[ 1971.
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